Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.
Sectors
Cash infusion for Gild aims to bring diversity to U.S. tech sector
Hiring startup Gild has raised cash to help it tackle one of the U.S. technology sector's highest-profile challenges: the lack of diversity among its workers.
Zenefits raises $66.5 million in accelerating cycle for venture capitalists
Business startup Zenefits has raised another $66.5 million from investors, months after its first capital-raising, following a pattern set previously by a handful of hot, young consumer companies that proved their worth to investors over a short span.
Software maker Kinaxis trims expected price of planned offering
Kinaxis Inc trimmed the expected offer price of its initial public offering on Tuesday, in a sign that market demand for the Canadian software company's equity issue may not be as hot as originally expected.
Rogers, Vodafone announce partner market deal
Rogers Communications Inc, Canada's biggest wireless company, and Vodafone Group PLC, the global telecoms group, announced a new market agreement on Tuesday to broaden the services they offer each other's customers.
Latest News
Chinese state media lashed out at Google Inc, Apple Inc and other U.S. technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the U.S. government for monitoring China and stealing secrets.
Turkey's telecoms regulator removed an official order blocking access to YouTube (GOOGL.O) from its website on Tuesday after the country's top court ruled last week that the ban was a breach of human rights.
Private equity firm KKR & Co LP said it would buy Internet Brands Inc, which operates CarsDirect and other websites, from private equity firms Hellman & Friedman and JMI Equity.
Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads.
Facebook Inc is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps.
A U.S.-led international operation disrupted a crime ring that had infected hundreds of thousands of PCs around the globe with malicious software used for stealing banking credentials and cyber extortion, the Justice Department said on Monday.
Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.
One of the founders of file-sharing website Pirate Bay has been arrested in southern Sweden to serve an outstanding sentence for copyright violations after being on the run for nearly two years, Swedish police said on Saturday.
Samsung Electronics Co Ltd (005930.KS) plans to launch the first smartphone based on its Tizen operating system in the third quarter, marking the company's latest bid to build up its own ecosystem and reduce reliance on Google Inc's (GOOGL.O) Android.
