Mergers And Acquisition
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Fujitsu General of Japan acquires majority stake in Bengaluru-based ABS Aircon to expand market in India
Fp Staff •Through this tie-up, Fujitsu General intends to strengthen the HVAC services corresponding to the commercial air conditioner market in India
Donald Trump blocks Broadcom's $140 bn bid for rival US chipmaker Qualcomm over national security concerns
Ians •Trump claimed that "credible evidence" had led him to believe that if Broadcom were to acquire control of Qualcomm, it "might take action that threatens to impair the national security of the United States."
SoftBank's investment in Uber could bring a necessary overhaul for the tech giant
•The deal is giving the world's most valuable startup an additional $1 billion in capital and could allow SoftBank to acquire as much as 14 percent of Uber over time.
PhonePe receives major investment commitment of $500 million from Flipkart
•The commitment is in addition to the USD 75 million infused by Flipkart in PhonePe since the acquisition in 2015, Flipkart said in a statement.
Despite increasing criticism for antitrust practices, Amazon increases spending on lobbying
Fp Archives •In the second quarter of this year, Amazon paid lobbying megafirm Akin, Gump, Strauss, Hauer & Feld $80,000 to lobby, primarily focused on the Marketplace Fairness Act, a bill that would allow state government to collect sales tax from online retailers.
Walmart likely to double its growth compared to Amazon with back to school sales: Report
Fp Archives •Walmart's aggressive efforts to take on Amazon seem to be gaining momentum even as other retailers and department store chains struggle.
Why Indian entrepreneurship is a far cry from Silicon Valley
Srividya •The Indian entrepreneurship ecosystem is in a global race. Only, what's a relay for its peers is an obstacle race for us.
Why Indian entrepreneurship is a far cry from Silicon Valley
Srividya •The Indian entrepreneurship ecosystem is in a global race. Only, what's a relay for its peers is an obstacle race for us.