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DJI probe unearths plausible $150M loss due to staff corruption

Published Date: 2019-01-22         Author: Ojaswita Kutepatil

An internal investigation discovered that company employees were deliberately inflating material & part costs of certain DJI products for their own financial gain.   The incident has raised numerous questions regarding the world’s largest consumer drone producer’s financi... Read More

Facebook launches new feature enabling users to make political demands

Published Date: 2019-01-21         Author: Saipriya Iyer

Facebook’s Community Action feature aims to give interest groups and communities a voice to request changes from elected officials – on a local and national basis. Renowned social media networking site Facebook has made it to the headlines for having announced the launch of its new fe... Read More

Larsen & Toubro Infotech officially purchases Ruletronics for $7.48M

Published Date: 2019-01-20         Author: Saipriya Iyer

The acquisition of Ruletronics marks LTI’s third acquisition since it went public.   The purchase is expected to strengthen LTI’s expanding digital business. Larsen & Toubro Infotech has reportedly made it to the front page for having taken over CRM solution provider... Read More

Siemens Gamesa unveils its first-ever 10MW offshore wind turbine

Published Date: 2019-01-18         Author: Ojaswita Kutepatil

The new wind turbine’s nacelles are expected to be initially manufactured at SGRE’s factory in Germany’s Cuxhaven. Siemens Gamesa Renewable Energy (SGRE), a renewable energy industry leader headquartered in Spain, has reportedly unveiled its latest SG 10.0-193 DD, the company&rs... Read More

Insight, CPPIB invest $500M in data recovery firm Veeam Software

Published Date: 2019-01-18         Author: Saif Ali Bepari

Veeam is leading the data management space currently, with over 60,000 partners and 325,000 customers. Insight Venture Partners & pension fund giant CPPIB, have reportedly invested $500M in backup & data recovery company Veeam Software. Veeam is one of the largest privately held software ... Read More

eWBM signs partnership with Microsoft to speed up IoT solutions

Published Date: 2019-01-17         Author: Paroma Bhattacharya

eWBM Co., Ltd., the fabless system-on-chip company that is known for its hardware-based security chips and solutions optimized for IoT applications, recently announced that it joined Microsoft Azure Certified for Internet of Things to ensure that customers can access IoT solutions that are quickly o... Read More

Vivo enters into partnership with Cashify to promote exchange offer

Published Date: 2019-01-17         Author: Paroma Bhattacharya

Customers will be offered cashback on the purchase of new Vivo smartphones. Chinese smartphone manufacturer, Vivo, recently announced that the company has entered into a partnership with the Gurugram based startup Cashify which is one of the leading platforms for selling old gadgets in India. ... Read More

Rubrik Inc., raises $261 million in the latest Series E funding round

Published Date: 2019-01-16         Author: Ojaswita Kutepatil

Rubrik has raised up to USD 553 million in funds so far, including the Series E round. Rubrik Inc., a data management company based in California, USA, has reportedly secured as much as US$ 261 million in Series E funding, the latest financing round of the company led by Bain Capital Ventures, a ... Read More

American Express buys Japanese restaurant booking app Pocket Concierge

Published Date: 2019-01-16         Author: Ojaswita Kutepatil

The service was reportedly launched in 2013 to help customers book quality restaurants that have months-long waiting lists for reservations.   The company currently works with more than 800 restaurants and has made available its app in English, Japanese and Chinese. U.S. card issuer... Read More

Sabio acquires Callware to expand its Workforce Optimization skills

Published Date: 2019-01-14         Author: Ojaswita Kutepatil

The acquisition follows Horizon Capital’s original investment in Sabio in 2016 and belongs to an ongoing expansion strategy to augment the company’s solutions portfolio and regional coverage. IT services management company Sabio Group has reportedly acquired Callware, Spain’s le... Read More

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