Renault plans on entering used car business next year in India
French carmaker Renault gained a lot of popularity in the Indian market post launch of the Duster compact SUV in the country. Apart from launching new cars in the country, reports have also been flowing in hinting on company’s plans to enter into used car business. At the Paris Motor Show Bernard... read more »
Yahoo! acquires MessageMe chat app
Tech giant Yahoo has acquired mobile messaging app MessageMe, with hopes to chip into the WhatsApp dominated messaging app market. The deal is reported to be in the double digit millions and some reports peg it at $11.9 million. MessageMe is the brainchild of Arjun Sethi and Justin Rosenthal. Yahoo... read more »
Forex reserves fall $1.4 bn to $314 bn
Falling for the fourth week in a row, India’s foreign exchange reserves fell by $1.415 billion to $314.181 billion in the week to September 26 on account of a hefty drop in non-US currency assets. In the previous week, the reserves had fallen by $101.3 million to $315.596 billion. During the... read more »
Amazon CEO Jeff Bezos meets PM Narendra Modi
Jeffrey P. Bezos, chief executive officer of Amazon.com, Friday met Prime Minister Narendra Modi, an official statement said. Bezos, who is in India for a visit, had earlier termed India an amazing country, which is full of opportunities and boasts of people who are hard-working, vibrant and have a... read more »
