Om Malik’s GigaOm blog network has raised $4.5 million in a new round of financing. GigaOm is a decent source of information on digital media and a blog that we read fairly often. Early-stage VC firm Alloy Ventures was the lead investor in the latest round, which included participation from existing primary investor True Ventures […]
Just days after Citigroup CEO Vikram Pandit was gloating about picking up the banking business of Wachovia Corporation with the blessings and support of the U.S. government, Wells Fargo seems to have snatched the prize away. The Wachovia board has approved Wells Fargo’s offer of $15.1 billion ($7 per Wachovia share), which does not require […]
Flash of Genius, which released in U.S. theatres today, is a lovely David vs Goliath movie based on the real life story of college professor and inventor Robert Kearns’s battle against auto giant Ford Motor Company. Gregory Kinnear stars as the doughty fighter Bob Kearns who battles the then mighty but now feeble car maker […]
Reliance Anil Dhirubhai Ambani Group chief Anil Ambani has sued his elder brother Mukesh Ambani and the New York Times newspaper in the Bombay High Court for defamation and is claiming Rs 10,000 crore (about $2.18 billion) in damages, according to Mumbai newspaper DNA. Here’s an excerpt from the DNA story: Anil has alleged that […]
The latest report by Transparency International shows India slipping on the Corruption Perceptions Index by 13 points to No-85. As anyone familiar with India knows, the godforsaken nation is one of the most corrupt places on Planet Earth. Whether it’s a village, small town or a big city, nothing ever happens in India without the […]
PepsiCo CEO Indra Nooyi said the cola company would invest $500 million in India over the next three years to triple its business in the country. In our opinion, many of the products PepsiCo sells like soda (carbonated cola drinks)Â and snacks are just not healthy for the people consuming them. Further, cola companies have also […]