Automation Anywhere, a global leader in Robotic Process Automation (RPA), on Friday announced it has received $290 million in Series B funding at a post money valuation of $6.8 billion. The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs,...
Tokyo-headquartered Sony, which completed 25 years in India this month, has registered triple digit growth in its camera business in the country in just one year and has registered huge growth in the mirrorless camera segment, a top company executive said on Friday....
The Reserve Bank of India (RBI) on Friday appointed an advisory committee to advise the Administrator of the private sector Dewan Housing Finance Corp Ltd following the supercession of its board, the RBI announced. The RBI, on November 20, had superseded the board of directors of Dewan Housing ...
The decision by all three private Indian telecommunication companies to raise tariffs from December 2019 and a two-year moratorium on payment of spectrum dues are positive for the industry, Fitch Ratings said. However, these are unlikely to be sufficient to offset the impact of a recent Supreme Court judgement for incumbents Bh...
Airtel and Vodafone Idea are in the process of filing review petition in the Supreme Court on Friday against the AGR judgment of the top court last month. Both companies are to seek waiving of interest, penalty and relaxing 3 months timeframe to make payments after the Secretaries panel declined to offer any ...
Ratings agency ICRA expects India's growth rate to further slowdown to 4.7 per cent in Q2 FY2020, due to weak industrial output. Accordingly, the ratings agency expects a further deterioration in the growth rate of India's GDP and the gross value added (GVA) at basic prices in year-on-...
The nation's economic slump is not only worrying investors but also the RSS, the ideological mentor of the ruling BJP. The concern is primarily rural spending that has contracted and it wants the Narendra Modi government to spend more on rural sectors in the months to come. As a consequence, ...
Sony Corp is said to be in talks to buy stake in Reliance Industries (RIL) promoted Network18 Media and Investments Ltd. According to a Bloomberg report, the Japanese major is in talks to acquire a stake in the Indian television network controlled by Mukesh Ambani, in a bid to...
US Federal Reserve officials agreed during their two-day meeting in October that future rate cuts are unlikely as long as the economy stays on track, according to the minutes of the Fed's latest monetary policy meeting. "Most participants judged that the stance of policy, after a 25 basis point ...
Markets traded near-record levels on Thursday after opening in the green. The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45. Telecom stocks fell on Thursday after strong performance over the last few ...