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Uber eyes valuation topping USD 100 bn in share offering: Sources

Uber is eyeing a valuation above USD 100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday. The sources told AFP the global ridesharing giant is considering speeding up its plans for an initial public offering (IPO) to the

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PTI

08:51 AM
Oct 17, 2018

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Pichai says Google still mulling a censored search engine in China

Google is still considering whether to launch a censored version of its search engine in China, CEO Sundar Pichai has said, in rare public comments about the controversial and secret project. Google's possible return to China - a market it abandoned over censorship concerns in 2010 - was first leaked in August by 'The Intercept'

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PTI

09:21 PM
Oct 16, 2018

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RIL may acquire significant stakes in Hathway Cable, Den Networks

Reliance Industries is in advance stages of acquiring significant stakes in cable TV and broadband service providers Den Networks and Hathway Cable and Datacom, according to sources. "RIL through its subsidiaries is in advance stages of discussion with Hathway Cable and Datacom and Den Networks. The deals may be announced on Wednesday," a source aware

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PTI

09:03 PM
Oct 16, 2018

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HP expands premium play with new laptops

Technology major HP said Tuesday it is focussed on strengthening its position in the Indian premium laptop category (USD 800 and above) that is growing at a faster pace than the overall notebook market. According to industry reports, HP has more than 30 per share in the premium laptop segment that includes USD 800 and

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PTI

08:55 PM
Oct 16, 2018

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Walmart says $16 billion Flipkart deal to hit earnings

World's largest retailer Walmart Tuesday said its USD 16-billion investment in Indian e-tailing giant Flipkart will hit its operating income as well as earnings per share. The Bentonville, US-based company said its earnings per share (EPS) is now expected to be around USD 2.65-2.80 as compared to a previous guidance of USD 2.90-3.05 for the

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PTI

08:45 PM
Oct 16, 2018

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Lenovo to raise mobile production capacity in India by up to 10 fold in 2019

PC and mobile maker Lenovo plans to ramp up its smartphone production capacity up to 1 million units per month in 2019, a top official of the company said Tuesday. "We make mobile phones in India at our partners factory. At present we have production capacity of 100,000 per month which we plan to increase

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PTI

08:35 PM
Oct 16, 2018

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E-tailers clock Rs 15,000 cr in festive sales in 5 days; Amazon, Flipkart claim record numbers

E-commerce companies in the country are estimated to have raked in sales worth Rs 15,000 crore in about five days of their festive sales with giants like Amazon India and Flipkart claiming stellar show across categories such as smartphones, large appliances and fashion. RedSeer Consulting in its report said e-tailers had a better "sales performance

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PTI

12:21 PM
Oct 16, 2018

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Telco writes to UIDAI, seeks more time to submit Aadhaar eKYC 'exit plan'

Ahead of expiry of deadline given to telcos to devise Aadhaar eKYC-exit details, a large operator has sought more time to share its action plan to migrate to alternate system of authenticating mobile users, saying reverting to paper verification was not just costly but could also lead to delays and has security-related issues. The Unique

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PTI

12:06 PM
Oct 16, 2018

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Skyworth introduces Metz LED TV brand in India, eyes 6 pc market share

China-based Skyworth Electronics is looking to garner around 6 per cent share of the fast growing LED TV market here by 2021 as it expands its network and product portfolio, top company officials said. Skyworth Electronics, which last week introduced its German TV brand Metz in India, expects it to be one of the leaders

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PTI

01:17 PM
Oct 15, 2018

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Passengers will soon be able to file zero FIRs from trains through an app

Soon, passengers on board trains can lodge complain through a mobile app and it will be registered as 'Zero FIR and immediately investigated by the RPF, a senior official of the force has said. A pilot project under which complaints of harassment, theft, crime against women can be lodged through a mobile application is already

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PTI

12:15 PM
Oct 15, 2018

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