Google buyout heralds dawn of Internet TV "This is the next step in the evolution of the Internet." That’s how Google’s chief executive officer Eric Schmidt summed up the significance of his...
Sanlam open to hiking stake in Shriram Life
South African financial services firm Sanlam has said it is open to increasing its stake in Shriram Life Insurance, a joint venture with the Shriram Group. At present, the Sanlam Group holds 26 per cent stake in the...
Ola acquires mobile payments firm Quarth
Taxi hailing service Ola, run by ANI Technologies Pvt. Ltd, has acquired mobile payments company Quarth, in an attempt to strengthen its mobile wallet service Ola Money launched in November last year. Quarth, which runs...
Times Internet partners with Investopedia to deliver trusted financial content to India.
Times Internet, the largest Indian Digital Network, today announced a strategic partnership with Investopedia.com, one of the web’s premier destinations for financial information. Through this partnership...
Abbott Labs to buy diagnostics company Alere for $5.8 billion
Abbott Laboratories (ABT.N) said it would buy Alere Inc (ALR.N) for $5.8 billion to become a leader in point-of-care testing, a fast-growing market as physicians increasingly adopt rapid tests that speed up treatment...
GM invests $500 million in Lyft, sets out self-driving car partnership
General Motors Inc (GM.N) said on Monday it will invest $500 million in Lyft Inc and laid out plans to develop an on-demand network of self-driving cars with the ride-sharing service. The biggest single Detroit-Silicon...
Jet.com raises $350 million
E-commerce start-up Jet.com has announced a $350-million cash infusion led by Fidelity Investments, providing money to help attract customers during its first holiday shopping season. An additional $150 million...