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12 March, 2018 12:15 PM Dropbox Sees IPO Price Between $16 and $18 per Share

Data-sharing business Dropbox on Monday filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion (roughly Rs. 45,000 crores) at the higher end of the range. Dropbox expects its debut price to be between $16 and $18 (roughly between Rs. 1,040 and 1,170) per share, the company said in a filing. The San Francisco-based 57

9 March, 2018 4:02 AM Twitter appoints Parag Agrawal as Chief Technology Officer

Twitter Inc appointed Parag Agrawal as Chief Technology Officer on Thursday, according to an update on the social media company's website. Parag Agrawal, who joined microblogging site in 2011 as an Ads Engineer, succeeds Adam Messinger who left in December 2016, the company said. Agrawal earlier worked at Microsoft and AT&T prior to joining Twitter 59

7 March, 2018 4:37 AM Forbes 10 richest people in the world in 2018

New Delhi: Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list. US President Donald Trump's ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion 59

6 March, 2018 4:27 AM Microsoft to Offer Governments Local Version of Azure Cloud Service

Microsoft Corp on Monday said it will soon make it possible for government clients to run its cloud technology on their own servers as part of a concerted effort to make Azure more appealing to local and federal agencies. The pairing of Azure Stack, Microsoft's localised cloud product, and Azure Government, the government-tailored version of Microsoft's 42

3 March, 2018 9:47 AM Flipkart Limited invests ₹ 4843.4 crore into its India units to take on Amazon

The Singapore-based holding firm of Indian online retailer Flipkart had invested ₹ 4843.4 crore into two of its India entities, in a bid to take on its rival Amazon. Flipkart Limited had put ₹4472.4 crore into the marketplace unit of Flipkart India, Another Singapore-based unit Flipkart Marketplace Private Limited had invested₹370.9 crore into Flipkart 69

24 February, 2018 7:14 AM Xiaomi, Microsoft Join Hands to Develop AI-Powered Smartphones, Speakers

Taking on Apple and Google, Microsoft and Chinese electronics major Xiaomi have signed Memorandum of Understanding (MoU) to develop Artificial Intelligence (AI)-powered budget speakers and smartphones. The two companies would work closely in cloud computing, AI and hardware as part of the deal. Microsoft is planning to allow Xiaomi to use its cloud computing 68

24 February, 2018 5:50 AM Data storage firm Dropbox files for IPO of up to $500 million

Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to USD 500 million with the U.S. Securities and Exchange Commission. The San Francisco-based company, which started as a free service to share and store photos, music and other large files, competes with much larger technology firms such as Alphabet Inc's Google, Microsoft 59

17 February, 2018 12:29 PM Microsoft's Cortana Assistant Gains IFTTT Integration, Supports More Smart Home Products

In a bid to expand into the growing home automation market, Microsoft's digital assistant Cortana will now support more smart home devices and integrate with IFTTT - a free web-based platform that helps users connect their apps and services together, the company has announced. Cortana now supports devices from ecobee, Honeywell Lyric, Honeywell Total 74

16 February, 2018 8:47 AM Walmart in talks to buy more than 40% of Flipkart: sources

In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart. Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday 36

16 February, 2018 6:48 AM Amazon now world's third-most valuable company

San Francisco: With a market cap of $702.5 billion, Amazon has become the third most valuable company in the world, racing past Microsoft, which has a market cap of $699.2 billion. According to a report in The New York Post, Amazon stock surged 2.6 per cent on Wednesday, taking the company's market cap ahead of Microsoft for the first time. Apple tops the list with $849.2 billion 40