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SoftBank loses $1.4B investment in Snapdeal, Ola

SoftBank cannot possibly need more reasons to push Snapdeal off its portfolio. According to its consolidated financial report for FY 2017, the company has faced a combined loss of $1.4 billion in investments in the online marketplace as well as in cab hailing platform Ola. In February this year, SoftBank had written off $475 million from the same two players – its biggest investments in India. Image credit: Anisha Despite the backing from the likes of Kalaari Capital, Nexus Ventures, Alibaba, and Foxconn, Gurgaon-based Snapdeal has been unable to raise funding…

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Lack of Time is Not the Only Reason Parents Buy Prepackaged Food

Many parents may be too busy to cook family dinners, but fighting the clock isn’t the only reason they turn to microwaveable frozen meals, a recent U.S. study suggests. Sure, 57 percent of parents cite lack of time as a reason for purchasing prepackaged processed meals, the study found. But half of them also said they shopped for factory-made food because their family preferred it. And often, parents said they also didn’t feel confident in their ability to cook or plan meals. “Ultimately, as a society, we need to increase…

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FBI chief Defends buy of iPhone Hacking tool

FBI Director James B. Comey said Wednesday that the bureau did not purposely keep away from a central authority manner for determining whether or not it should percentage with Apple the way it cracked a terrorist’s iPhone. In March, the FBI purchased a tool that exploited an Apple software flaw to hack into the smartphone of a shooter from the attack last 12 months in San Bernardino, California. Many observers expected the bureau to publish the method to a exceedingly new government technique for figuring out whilst to percentage software…

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Facebook to Let Users Buy Tickets Directly

Facebook users will soon be able to buy tickets directly as the social networking giant expands further into e-commerce, company officials said Tuesday. Facebook will in the coming weeks connect to ticketing leaders Ticketmaster and Eventbrite, which will offer an option to buy tickets for selected US events listed on the networking site. Eventbrite said it would provide a QR code a two-dimensional barcode that would be integrated within the Facebook mobile app, letting buyers enter events without the hassle of going to other sites, let alone printing tickets. “We…

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Buy JB Chemicals, KCP Sugar, Styrolution ABS: G Chokkalingam

G Chokkalingam says the clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for the Indian markets. G Chokkalingam, founder of Equinomics Research & Advisory, says that the markets have recently started to perform well, with the FIIs investing in four out of six days since the historic rate hike by the Federal Reserve on December 16. The clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for…

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Want to Buy Gold? Here Are The Smart Ways For Investing

After posting negative returns for past three years, domestic gold prices have risen around 13 per cent this year so far. If you are looking to put money in gold, there are multiple investment options like physical gold, gold exchange traded funds (ETFs), and gold bonds. However, it always pays to be aware of the income tax implications of the different schemes. Here is a comparative analysis of various options available. Physical Gold You can buy gold coins or bars from banks and jewellers. Banks sell 24 carat gold with…

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