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Walmart buys 77% stake in Flipkart for nearly $16 Billion

US retailer Walmart Inc on Wednesday acquired 77 per cent stake in Flipkart for about USD 16 billion in its biggest acquisition till date. The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion. "India is one




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American Singer Pink Pledges $1M To COVID-19 Crisis After Testing Positive

American Singer Pink took to her Instagram on Saturday, and shared that she and her three-year-old son, Jameson tested positive for the novel Coronavirus two weeks ago and have been cured after treatment. Pink shared a sweet picture of herself




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ICICI Bank tags $100 mn Singapore Hin Leong exposure as NPA, makes provisions

On 20 April, Moneycontrol first reported that ICICI Bank has an exposure of $100 million (about Rs 760 crore) to Hin Leong. 




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Gold to struggle around $1,700 per ounce on US dollar firmness

The listless trade in last few days shows that gold needs new factors to move out of the $1,675-1,750 per troy ounce range seen for last few days.




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Is gold building momentum for $1,800 an ounce?

We feel with the current situation Gold price is in a holding pattern. It remains to be seen as to what will be economy#39;s direction hereafter.




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Microsoft to invest $1.5 billion in Italian cloud business

Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.




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Rare Bob Dylan lyrics could fetch $19,000 in sale

A 1966 manuscript, on which a young Bob Dylan typed and wrote lyrics for a track on his "Blonde on Blonde" album and another song he later abandoned, went on sale at Sotheby's auction house from Tuesday.




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Google RSS death creates $1.3M business

Because Feedly sold life-time memberships for a short period last year to the first 5,000 customers, the number of Pro users on a monthly or annual subscription is probably close to 30,000. At $45 each, that is revenue of $1.35 million each year.

complete article




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Social networking apps in India got over $10 million funding in just 2 years

In the past two years, investors have spent more than $10 million on social networking apps in India. And a growing number of them are focussing on niche segments — from students to Hindi speakers and parents to high networth individuals.

complete article




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Vedanta’s sale of $1 billion oil unit stake stalls

Vedanta plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices.




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US housing society to pay $110,000 for keeping Indians out

A Seattle-based housing society will pay over $110,000 to settle a lawsuit that alleged the society discriminated against Indians and African-Americans seeking to rent apartments in the complex.




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American Express quarterly profit plunges 76% on $1.7 bn reserve build

Shares of the company were up nearly 2%, as it kept a tight lid on costs to weather the impact of the pandemic on its business




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Teen Technorati - 20 Teens Win $100K: Announcing the 2014 Thiel Fellows

The deliberations are over and the judges are ready to notify the 2014 Thiel Fellowship winners via Skype. Find out which 20 kids will have their lives changed forever as they win a $100,000 grant and drop out of school to pursue their dreams.




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Teen Technorati - Brilliant Teens Shack Up in the Bay Area to Bring Their $100K Ideas to Life

A bunch of talented teens all under 20 years old move in together. Sounds like the plot of a new MTV show, but for the winners of the $100,000 Thiel Fellowship, it’s reality. In this episode of Teen Technorati, the fellows give us a tour of their San Francisco and Oakland apartments, where they’re working on their projects and bringing their ideas to life.




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Flight Mode | What It’s Like to Narrowly Avert Disaster in an $18M Simulator

Pilots spend hours in multi-million dollar simulators, preparing for the worst cast scenario. In this episode Flight Mode, WIRED's Jack Stewart gets a taste of what pilots go through.




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How a Hacker Fired a Locked Smart Gun with $15 of Magnets

The Armatix iP1 pistol and its RFID watch, are sold as one of the most secure firearm systems available. But a hacker, who goes by 'Plore', has found flaws in the Armatix that entirely defeat its security measures.




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S A Aiyar: India is now flooded with $1 billion per week

After six months of financial drought, global money is flooding into India at the rate of $1 billion a week. If sustained, this will be the mother of all financial stimuli, eclipsing the finance minister's budgetary endeavours.




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Tinder rings in International Women’s Day: Pledges $1 Million in free in-app ads to Indian Women Entrepreneurs




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Onc Daily: Center to Pay $100M Penalty, Blood Test Aids Detection

These are the most important oncology stories you need to know about today.
Medscape Medical News




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Apple to pay $18 mn to settle suit accusing it of breaking FaceTime: Report

Over 3.6 million devices are said to have been affected by the iOS 6 update and each class member will receive an estimated $3




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Indian-American couple gifts $100 mn to New York engineering school



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Thermo Fisher to buy molecular diagnostics firm Qiagen for $11.5 billion

Purchase brings the instrumentation giant into the fight against coronavirus




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Culture Biosciences raises $15 million for bioreactor service




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Gates, Wellcome, and Mastercard give $125 million for coronavirus treatments




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Protein degradation start-up Kymera raises $102 million in series C financing




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Plastics industry asks US Congress for $1 billion




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Polyhydroxyalkanoate start-up RWDC raises $135 million




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Praxis Precision Medicines launches with $100 million to develop neuroscience drugs




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IMF approves $18 bn emergency financing for 50 countries during Covid-19

In order to ensure full transparency and prevent any misuse of funds, the IMF asked member countries who apply for financing to commit that it is only used for urgent purposes related to Covid-19.




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Rupert Murdoch gives up yearly bonus after News Corp reports $1 bn loss

News Corp also reported an 8% drop in revenue to $2.27 billion, hurt by a weaker Australian dollar and lower subscription at Foxtel.




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Indian economy has to cover $190 billion output loss due to lockdown: Nilesh Shah

Indian economy has to cover $190 billion output loss due to lockdown: Nilesh Shah




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PE/VC investments hit 24-month low of $1.7 bn, value falls by 39%

Uncertainty over the impact of Covid-19 is expected to act as a significant headwind to Indian PE/VC investments




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Aramco IPO: Institutional tranche gains $17 bn in orders, says Al Arabiya

The retail portion of the planned deal had received 10 billion riyals, it also said.




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SBI Cards and Payment Services' $1.25 billion-IPO to open on March 2

The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale




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SBI Cards IPO opens March 2: All you need to know about the $1.4 bn offer

No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert




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$1,000,000 Municipal Pier, St. Petersburg, Fla




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Silver's 5-10 cent and $1.00 stores on 7th Avenue




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$10,000 reward, or, Steve Manley in a new role




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Janssen to pay up to $1 billion for BeneVir




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NuMat raises $12.4 million to commercialize MOFs




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Ecovia Renewables raises $1 million, partners with Seppic




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Kronos Bio launches with $18 million




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Fly feed firm raises $105 million




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Broad could receive $125 million in sponsored research agreement with Editas




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Gene therapy start-up Freeline Therapeutics raises $116 million




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Dow Chemical wins $1 billion judgment against Nova Chemicals

An Alberta court agrees with Dow that Nova’s operation of an ethylene joint venture was self-serving




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Dow fined $1.7 million over perks for CEO Liveris




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Precision BioSciences raises $110 million for off-the-shelf CAR-T and gene-edited crops




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BASF considering $10 billion investment in China

The German giant may build a new “Verbund” site in Guangdong, China.




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BASF is considering a $10 billion investment in China

The German giant may build a new Verbund site in Guangdong, China