Uber’s extensive search ends as Expedia’s chief becomes the new CEO

Concluding their contentious search process, Uber selected Dara Khosrowshahi, who leads the online travel company Expedia, as their Chief Executive as the ride-hailing company seeks to move past a turbulent period. Over a weekend of Uber board meetings with three finalists, Khosrowshahi emerged as the leading CEO candidate. One finalist, Jeffrey Immelt, the former chief […]

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40% equity sale approved by DLF to GIC Real Estate

The DLF board approved the sale of 40% equity held by DLF’s promoters in its rental arm DLF Cyber City Developers Limited (DCCDL) to an affiliate of Singapore-based GIC Real Estate for Rs 11,900 crore, labeling it to be one of the biggest private equity transactions in Indian real estate. DLF said the expected post-tax […]

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Yahoo Inc. charges Rs 5 lakhs for Trademark Infringement

August 24, 2017 Yahoo Inc. charges Rs 5 lakhs for Trademark Infringement <!– –> A website called ‘yahookochi’ was charged Rs. 5 lakh as damages by US-based Yahoo Inc. for trademark infringement, as directed by the Delhi High Court. It prohibited the website from using its trademark or any other deceptively similar mark “There is […]

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BBC settles trademark infringement case in India

August 24, 2017 BBC settles trademark infringement case in India <!– –> A trademark infringement case against the publisher of a cooking book in India has now been settled by the BBC. The name of Kuldeep Singh’s business was shortened to ‘BBC’, owing to the original name being Bajindra Book Company. The BBC sought to […]

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‘200 firms’ to be delisted “compulsorily”: BSE

This week, leading stock exchange BSE will “compulsorily” delist 200 firms and bar their promoters from the markets for 10 years as trading in these shares have remained suspended for over a decade. They will be delisted from the 23rd August, 2017. Authorities are compressing shell companies — listed as well as unlisted — for […]

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Vishal Sikka, CEO and MD Infosys, resigns

Infosys Company, in a statement said the board has appointed Mr. Vishal Sikka as the Executive Vice Chairman of the company since he resigned from the post of a CEO and Managing Director of the company. “The board of directors accepted the resignation of Vishal Sikka as the MD and CEO with immediate effect. Dr. […]

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Flipkart receives much required $2.5 b investment from SoftBank

An investment of $2.5 billion from SoftBank Vision Fund has been received by country’s largest e-commerce marketplace, Flipkart. It was a much required armory to continue in pole position for the next 18-24 months as it helps cover competition from the global behemoth Amazon. It is the biggest private investment in an Indian technology company, […]

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Battle between Microsoft and Fancy Bear continues

For more than a year, Microsoft has been working to shut down a Russian hacking group called Fancy Bear. A Virginian district court heard Microsoft’s request for a permanent injunction and default judgment against Fancy Bear on July 21. Fancy Bear – also known as Strontium – is believed to be affiliated with the GRU, […]

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