Mahindra & Mahindra (M&M) on Saturday said its subsidiary has inked a pact to acquire Fifth Gear Ventures Ltd, which operates an e-commerce market platform, for up to Rs 30.45 crore. Mahindra First Choice Wheels Ltd (MFCWL), a subsidiary of the company, has signed a share purchase agreement to acquire fully Fifth Gear Ventures Limited (FGVL), in one or more tranches, M&M said in a regulatory filing. … [Read more...] about M&M subsidiary to acquire e-com market platform Fifth Gear Ventures
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The rally also takes heart from upbeat US economic news. The latest readings of the OECD composite lead indicator, which are supposed to anticipate turning points in economic activity six to nine months ahead, point to growth stabilising in most economies, albeit at below-trend levels. The one exception, unfortunately, is India, where the OECD lead indicators point to ‘easing growth momentum’. … [Read more...] about Moneycontrol Pro Weekender: Buy the rumour, buy the news?
President Xi Jinping on January 17 vowed to take China's ties with Myanmar to a "new level" during his maiden visit, which aims at boosting the Communist giant's investments in mammoth infrastructure projects, including a USD 1.3-million port deal that will provide Beijing a stepping stone to the Indian Ocean. On his arrival in Myanmar, the first by a Chinese leader in 19 years, President Xi received a royal welcome with two fighter jets escorting his plane after it entered the country's airspace. … [Read more...] about Xi Jinping vows to bolster ties with Myanmar to ‘new level’ as China eyes opening into Indian Ocean
Huawei also claimed that HMS had seen strong initial growth in terms of numbers of developers signed up. Huawei also fired shots at Apple and Google, one of which mentioned that Huawei would only levy a 15-percent revenue cut from its developer as opposed to the 30-percent tax Google and Apple levies. … [Read more...] about Huawei to spend $26 million to lure developers to build apps on its new app store