Affiliates of Vista Equity Partners, a leading private equity firm focused on investments in software, data and technology-enabled businesses is all set to acquire Cvent Inc. and entered into a definitive agreement with the later for acquiring. Substantial value to… Read More ›
Strategy
AB InBev sells SABMiller’s Peroni brand to Japan’s Asahi group
With this strategic move, Ab InBev moves one step closer towards completing its 100 billion plus takeover of SABMiller. AB InBev process of acquiring its smaller rival SABMiler has made another significant milestone with it accepting Japan’s Asahi Group’s proposal… Read More ›
Hyundai Motors ties up with Cisco Systems to develop tomorrow’s autonomous vehicles
The race for the next generation automated autonomous vehicles just got hotter. As part of its vision for tomorrow automated autonomous vehicles which Hyundai Motor terms as “high-performing computers on wheels”, it said today that it will partner with Cisco… Read More ›
Target to have a minimum wage rate of $10 per hour starting from May
An increasingly competitive labour market has prompted this move which is likely to have a significant impact on its earnings. With labour groups pressuring Target Corp for higher wages, compounded by a highly competitive job market, the company, as per… Read More ›
Bangalore becoming centric to Daimler’s tech aspirations
With the race for tomorrow’s driverless cars becoming increasingly fierce, car manufacturers are now having to invest into software technologies. New legal proposals in Germany could see more software jobs outsourced to Bangalore, India. A senior official from Daimler, the… Read More ›
Iran wants increased access to global financial system
Despite the lifting of certain economic sanctions, the U.S. still has rules which forbid U.S. banks to work with Iran, which essentially acts as a barrier for Iran to benefit from the U.S. financial system. In the wake of Iran… Read More ›
TeraExchange and Javelin preparing to bring class action lawsuits against 12 major banks
Their lawsuit revolves around the provisions in the Dodd-Frank Act which aims to bring transparency in the trading of interest rates swaps. In a development that could have a significant impact on major banks, two lone trading start-ups are set… Read More ›
Volkswagen’s brand taking a hit due to no solution to diesel emission scandal
Its sales chart have marched steadily southwards for the last 18 months. With Volkswagen yet to find a suitable solution for its diesel emission scandal, its brand is taking a hit with models across the brand showing falling sales in… Read More ›
Spain’s Industry Minister resigns after his name figures in the Panama Papers
Two Spanish news outlets have claimed they have documents which link Jose Manuel Soria and his brother to an offshore account. Spain’s Minister of Industries Jose Manuel Soria has sent in his papers after his name was mentioned in the… Read More ›
Google Raided by Facebook to Get Head for New Lab
Poaching the former director of the US research agency DARPA to lead a new research and development lab focused on large technological leaps, Facebook has hired Regina Dugan from Google. The new unit called Building 8 will create products to… Read More ›