India-based fabric and clothing firm Arvind closed the acquisition of a 40% stake in Calvin Klein India from the Murjani Group and Matrix Partners in a deal valued at INR100 crore, according to sources familiar with the deal.
Sectors
Warren Buffet on Bitcoin: "Stay away from it."
Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."
Nigerian mobile security startup i.Sec nabs $10M in funding
Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.
Bill Gates says the ideas that come from Silicon Valley's silly companies are "going to be really important"
Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.
Developers launch cryptocurrency Potcoin for marijuana transactions
Three developers whose real identities are not yet revealed have created and launched Potcoin, a cryptocurrency that can be used by the marijuana community to conduct transactions with dispensaries.
Latest News
Mozilla finally pulled the plug on its Firefox for Windows 8 Metro browser after seeing no more than 1,000 users patronizing the app daily, TechCrunch reported.
A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.
Ireland saw a 6% increase in its venture capital activity with the help of private investors who poured in £237 million (€284 million) in investments in 2013.
The US is planning to surrender control of the system that assigns website addresses to a private group when the contract of the Internet Corporation for Assigned Names and Numbers expires next year, Bloomberg reported.
Local private equity firm Fireman Capital Partners (FCP) picked up a majority stake in a Dunkin' Donuts franchise group in Florida for an undisclosed sum.
Maruti Suzuki India Ltd said it will be asking its minority stakeholders to approve the plan of parent firm Suzuki Motor to build a car plant in Gujarat, Bloomberg reported.
During the inauguration of the Keemanshoop Old Mutual Retail Centre yesterday, Namibia President Hifikepunye Pohamba called on foreign firms to invest in the country's infrastructure development to help the improve its economy.
China-based e-commerce firm Alibaba Group plans to hold a US listing in the third quarter of this year, according to a sources interviewed by Reuters.
A report from Chetan Sharma Consulting said the US will exceed the $100 billion mark in mobile data revenue this year to be followed by China and Japan, VentureBeat reported.
