While facing intense competition from local Asian rivals like Ola, Singapore's GrabTaxi and China's Didi Kuaidi, the San Francisco based company has managed to secure an investment of anything between $80-100 million from the Indian Manufacturing Group Tata.   This is also the time when Uber...

Most people would conceal their private information or try and protect their private information when they subscribe or sign up for an infidelity site. And when the personal information stored in such a site gets hacked, love lives and reputations can come to be at risk. This is exactly how...

A unit of Citigroup Inc will have to cough up a whopping $15 million in order to settle a slew of civil charges that were placed against the bank alleging that the bank failed to enforce policies that were designed to prevent and detect insider trading, according to US regulatory sources. This is...

LinkedIn is all ready to unveil a new application that would help professionals to be more productive and successful by helping them easily find, learn about, and contact their co-workers. The announcement was made in a blog written by the co-founder Ankit Gupta. The concept of the new...

The cost of insurance claims following the devastating explosion at the Chinese port of Tianjin, which occurred last week, may exceed the initial estimate and cause serious financial difficulties for local insurance companies, the agency Fitch reports. Analysts at Credit Suisse, based in their...

With increase in demand in North America and the APAC region Monster Worldwide's business is forecast to turnaround in the coming quarters.   The revenues of the company are expected to increase from the third quarter of 2015.   There would however be macro-economic and competitive...

As the sell-off of state assets gathers pace in the UK, the government is all set to sell off the taxpayer’s stake in London’s King’s Cross development. The taxpayers hold 36.5% stake in the King’s Cross Central Partnership. The government has been developing the site through a private group...

With the aim to achieving greater funding diversification and strengthening of its liquidity profile, Goldman Sachs Bank USA, a unit of Goldman Sachs, will buy out GE Capital Bank's on-line deposit platform. This is the first time that the US based global bank is entering the on-line...

In an effort to boost employee diversity, Apple Inc claimed to have hired over 11,000 women globally in the past year which was 65 percent more than the company did a year ago. While admitting that a lot more remains to be done as far as employee diversity was concerned, Chief Executive Tim Cook,...