Meredith will pay USD 18.50 for per share of Time Inc. which totals at about USD 1.85 billion. However, Time Inc.'s debt will raise the total value of the deal to about USD 2.8 billion. Out of the total sum, billionaire brothers Charles and David Koch will contribute USD 650 million via their private-equity firm Koch Equity Development.
All the financial services product from SBI and its subsidiaries SBI Life, SBI General, SBI Mutual Fund, SBI Caps and SBI Cards will be integrated on the app. YONO will offer customised products and offers from over 60 e-commerce sites, besides a range of banking and financial services.
Facebook has announced new tools for video creators to join its platform in an attempt to take on Google-owned YouTube. The new tool will be called Facebook Creator App. It will help the community create original video, go live with exclusive features and connect with their community on the Facebook.
BHIM UPI is a mobile payment mode that allows one to create a UPI address linked to a bank account and then send or receive money using it. Moreover, one can also make payments to online merchants and outlets who accept BHIM UPI as a payment mode for transactions.
The state government Haryana on 2 November 2017 signed a memorandum of understanding (MoU) with an integrated trade facilitation services organisation - Verbind - to set up a logistics and trading hub in the state.
Anup Vikal on 17 October 2017 resigned as Snapdeal’s Chief Financial Officer (CFO) and General Counsel. Vikal is likely to join Essar Oil as its Chief Financial Officer. His resignation came two months after e-commerce dealer Sanpdeal cancelled its merger talks with online retailer Flipkart.
A joint venture between Tata group and Singapore Airlines, Vistara airlines began its commercial operations in January 2015. Currently, it has a fleet of 16 aircraft and has ambitious expansion plans, including flying to overseas destinations.
D Shivakumar resigns as CEO and Chairman of PepsiCo India and is expected to join Aditya Birla Group as Head of Corporate Strategy and Business Development. Shivakumar will be succeeded by Ahmed El Sheikh.
The Department of Industrial Policy and Promotion, Government of India organised the second State Startup Conference in New Delhi to deliberate on issues including incubation facilities and making regulations easier for budding entrepreneurs.
Microsoft has launched the project during the time when real-time artificial intelligence is becoming increasingly important as cloud infrastructures process live data streams, whether they be search queries, videos, sensor streams, or interactions with users.
Apart from stations, the scope of the project will include the construction of viaducts & bridges, track works, DC electric traction systems, ticketing & passenger information systems among others.