When India reveals its growth figures for the October-December quarter, it could lose its title as the world’s fastest expanding major economy. While economists reckon that could be temporary, the release follows a demonetization-led cash crunch that hit India’s cash-heavy… Read More ›
Day: February 27, 2017
CNBC Reports $3 Billion Investment In U.S. Startup WeWork by SoftBank Nearing Closure
In a step that is aimed at expanding its reach beyond the tech and telecom market segments, Japan’s SoftBank Group Corp is reportedly close to making an investment in U.S. office-sharing startup WeWork whose value is expected to be worth… Read More ›
High stakes battle for Wal-Mart in the U.S. groceries market
With Germany-based Aldi quickly gaining market share in the highly competitive U.S. groceries market, Wal-Mart, the pioneer and king of low prices is feeling threatened and has high stakes in this price war. According to sources familiar with Wal-Mart Stores… Read More ›
Blockchain and securitization industry join forces to tap the $1.9 trillion U.S. securitization market
Wall Street’s structured finance companies want to use Blockchain’s immutable shared ledger to lower their cost of operations and thus boost their profitability. In efforts aimed at tapping the revolutionary benefits of blockchain technology for the fintech industry, Wall Street’s… Read More ›
SoftBank could potentially invest ~$4 billion in WeWork
WeWork continues to raise capital ahead of its planned listing. After this deal, the company will be valued at more than $20 billion. CNBC has reported today, that SoftBank Group Corp is all set to sink in $3 billion into… Read More ›
Huawei eyeing to dislodge Samsung as World No. 2 smartphone maker
Perhaps Samsung did not want to rush into the World Mobile Congress (WMC) with a half-baked product. After all it has traditionally used the forum to launch its new devices. Hopefully the cost of not launching the product at the… Read More ›