VENTURE CAPITAL POST

Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.

Amazon said on Wednesday to start its own air delivery in United States. The largest electronic retailer leased 20 Boeing 767 cargo aircraft from Air Transport Services Group Inc.

Shares of Blue Buffalo and Air Transport Service gained during the Wednesday trading session while shares of Yelp, Unisys Corp and Zagg Inc lost their shares in the stock market.

Poundland Group announced the retirement of Jim McCarthy as the chief executive officer of the company. Jim McCarthy will be succeeded by Kevin O' Byrne as the next chief executive officer of Poundland.

Etsy's shares jumped nearly 10% after the announcement that the online e-commerce site narrowed its net loss in the fourth quarter of 2015. The company expects GMS growth rate to be in the range of 13% to 17% for the three-year period from 2016 - 2018.

Tokopedia, a start-up founded by William Tanuwijaya, is making its presence in Indonesia with its excellent product portfolios. Experts believe that the economic growth in the nation will drive the start-ups to reach its financial stability.

It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.

Amazon just closed a deal worth Rs 9.5 Crores acquiring a 26 percent stake in the India fifth largest publishing company, Westland. Amazon bought the shares from its main investment firm, Trent Ltd, a company owned by the Tata Group.

Xignite said that it has raised 20.5 million US dollar in Series C Funding. The company will utilize the capital from the fund to gauge its marketing and sales efforts as well as to widen its product portfolio.

GitHub is experiencing a huge inner havoc as many executives flee from the company. Chris Wanstrath has been overhauling the firm's culture backed by its board.

Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.

Amazon is said to expand its e-commerce business into physical bookstores. It plans to open 400 bookstores after its first opening in Seattle last year. However, Amazon still refuses to comment on this issue.

Microsoft has put a prototype of data center under the ocean to examine its efficacy to work hundreds of feet beneath the ocean surface. The underwater data centers could reduce the delay in web service.

Amazon has become inspired by Prime’s offers for free delivery within two days against online purchases for more than $100. Instead of spending more for shipping, Amazon is slowly approaching towards own delivery system through purchasing trucks and building own warehouses. These efforts have engaged current assets and narrow down fourth quarter profit. But 26% rise in yearly sales indicates a very different outlook.

HMRC has been conducting multiyear investigation to unearth Google’s tax dodging events. Though denied earlier, a Google spokesperson has narrated a deal with the Britain’s tax authority to pay taxes of £130 million due for over a decade. The deal is significant since many countries around the globe are conducting scrutiny to ascertain dodged tax amounts of Google and other multinationals. Investigations in accordance with OECD guidelines may also help France to establish its claim for $1 billion as unpaid taxes.