German Startup Auto1 Valued at $2.8 Billion in Latest Funding Round

    German used-car portal Auto1 Group was valued at 2.5 billion euros ($2.8 billion) in its latest round of funding from investors including Baillie Gifford & Co., Princeville Global and Target Global, according to a company presentation. Auto1 raised 360 million euros through a mixture of debt and equity financing in a round that closed earlier this […]

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    Twitter IPO Seeks to Raise $1 Billion

    Twitter’s value to the business community as a networking and marketing tool is well known. But its value to investors remains to be seen. In filings recently with the Federal Securities Exchange Commission, the company says it will try to raise $1 billion with its initial public offering of Twitter stock. That’s pretty aggressive for a […]

    India to Have 1 Billion Mobile Users by 2020, Predicts GSMA

    HIGHLIGHTS India is predicted to have 1 billion mobile users by 2020: GSMA Number of 4G connections in India is forecast to grow to 280 million GSMA released its report on Wednesday India will have almost one billion unique mobile subscribers by 2020 and already now is the worlds second largest smartphone market, overtaking the […]

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    Forex reserves off record high, slump $4 billion to $367.64 billion

    Gold reserves remained steady at $21.406 billion, the apex bank said. Photo: Reuters Mumbai: After touching a record high, the country’s foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion in the week to 7 October, the Reserve Bank said on Friday. The decline was on account of a substantial fall in […]

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    ONGC, United Energy said to vie for $2 billion Chevron fields

    The Bangladeshi government has also expressed interest in taking over Chevron’s interests in the assets. Photo: Reuters London/Mumbai/Hong Kong: Oil & Natural Gas Corp., the largest Indian oil and gas explorer, and Hong Kong-listed United Energy Group Ltd. are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., people with knowledge of […]

    Uber reaches 2 billion rides six months after hitting its first billion

    Uber hit 2 billion rides on 18 June, CEO Travis Kalanick said in a Facebook post, six months after marking its first billion rides. Photo: Hemant Mishra/Mint San Francisco: Uber has completed more than 2 billion trips on its app, the company’s chief executive said on Monday, a milestone that arrives just weeks after the […]

  • Uber is said to close $1.15 billion high-yield leveraged loan

    Uber’s most recent equity funding round valued the San Francisco-based company at almost $68 billion. San Francisco: Uber Technologies Inc. closed a $1.15 billion high-yield leveraged loan, a person familiar with the matter said, bringing the total equity and debt raised by the ride-hailing mobile app to more than $15 billion. Bloomberg reported last month […]

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    Analytics Industry Set To the touch $16 Billion Through 2025: Nasscom

    Hyderabad: Indian analytics Enterprise is predicted To the touch $16 billion By means of 2025 from thepresent day degree of $2 billion, a senior Nasscom authentic said on Thursday. Over six hundred analytical corporations in India, of which approximately four hundred are startups, are positioning the united states of america as an emerging hub for […]