India's PSU banks initiates move to offload stake in CARE Ratings -source

India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.


Washington's iCPooch crowdfunds remote treat dispenser and pet facetime device

Spokane, Washington-based startup iCPooch launched a crowdfunding campaign on Kickstarter to raise $20,000 for the production of a device that allows dog owners to send treats or conduct facetime with their dogs when they are away from home.

Philippine central bank governor Amando Tetangco says policy rate changes not the best response to US taper

According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.

Swiss firm Sulzer inks deal to purchase majority of Saudi Pump Factory

Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.


Latest News

It may still be the first two months of the 2014 but redesigning Apple's iPad is probably the regulatory overreach of the year committed by the Federal Trade Commission, The Wall Street Journal reported.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Social media giant finally rolled out its Graph Search feature to mobile devices one year after it was introduced, to give users an easier way to mine data and achieve cleaner results from a random set of words used in the search.
Joaquin Almunia, the Competition Commissioner of the EU, still has to make a decision on allegations that Google abused its market dominance and the price discrimination claims made of Russia's Gazprom before his term ends, Reuters reported.
Fresno, California-based agricultural startup OnFarm's growers integrated data platform gained global recognition when it competed in the IBM Global Entrepreneur of the Year Award in 2013 and was included in the top six finalists.
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
ValueAct Holdings President Mason Morfit plans to influence Microsoft on how it sells Windows, the operating system that is behind most of the software giant's products, Bloomberg reported.
Indian venture capital firm IDG Ventures and Canadian investor Ascent Capital picked up a minority stake in New Delhi-based software solutions provider Newgen Software Technologies for INR110 crore.
New York, US-based independent software corporation CA Tech invested an undisclosed amount with venture capital group IDG Ventures India in India-based enterprise software startups from October to December 2013.
India-based technology firm HCL has entered into the healthcare segment with an equity position in Bharat Family Clinic, causing a buzz in the sector, the Business Standard reported.