News Stories

  • Homelane plans to raise Rs 315 crore from Sequoia and others investors

      BENGALURU: US venture capital firm Sequoia Capital is co-investing in a $50 million (Rs 315 crore) round in home solutions startup Homelane, a venture backed by storied entrepreneur duo K Ganesh and Meena Ganesh. The Bengaluru-based startup raised $4.5 million in February from Sequoia Capital and Aarin Capital, an early stage venture investment firm

    Read more
  • ‘Death of net neutrality will kill media freedom’

      NEW DELHI: Several TV news channels died only because they could not afford the carriage fee charged by cable and DTH operators. The proposal of doing away with net neutrality, as mooted by a Trai consultation paper, raises the possibility of media websites too falling prey to the carriage fee model. This was the

    Read more
  • Net neutrality rules go into effect in US

      NEW YORK: New rules that treat the internet like a public utility and prohibit blocking, slowing and creating paid fast lanes for online traffic took effect on Friday. Cable and telecom industry groups have sued to have the rules thrown out, arguing they are too onerous. But on Thursday, a federal appeals court declined

    Read more
  • US to probe TCS, Infosys on visas

      BENGALURU: In a worrying development for India’s IT industry, the US government has launched an investigation against Tata Consultancy Services (TCS) and Infosys — the two biggest players in the space — for possible violations of H-1B visa regulations. The matter looked serious enough for the country’s IT industry association Nasscom to promptly come

    Read more
  • Sears Reports Smaller 1Q Loss but Sales Keep Sliding

    Sears Holdings reported a smaller first-quarter loss as it cut advertising and other costs, but sales continued to tumble, underscoring the need for a big cash injection that the struggling retailer said would materialize next month. The company expects its plan to spin off 235 Sears and Kmart stores into a real estate investment trust

    Read more