Keeping in mind the increasing trend among customers who are increasingly streaming content through mobile devices, Verizon Communications Inc, the No. 1 U.S. wireless provider, said that it would expand data buckets by 30 percent for its customers but would at the same time increase plan rates for...

$65 million in a funding round led by U.S. private equity giant KKR has been raised by Darktrace, a U.K. cybersecurity firm that positions its software as the "human immune system" for networks, the start-up announced recently.   While new investors TenEleven Ventures and SoftBank...

The 25.1 percent stake it holds in the robot making company Kuka would be sold to the Chinese bidder Midea for about 1.2 billion euros ($1.34 billion) by the German mechanical engineering group Voith which recently made the announcement.   This sale of the Voith share in Kuka would help...

Starbucks Corp. plans it big for India.   As the world’s largest coffee chain seeks to open a spate of new stores in coming years, it is expanding its roasting capacity in India while it wants to increase its presence in the world’s second-most populous country from the fewer than 100 cafes...

Tesla would require unprecedented quantities of metals like Lithium, Nickel, Cobalt and Aluminum to reach an ambitious goal - producing 500,000 electric vehicles a year by 2018. These metals are used to make lithium ion batteries.   The 373,000 preorders for the Model 3 sedan has prompted...

The New York headquarters of hedge fund firm Platinum Partners was raided by agents from the Federal Bureau of Investigation and the U.S. Postal Inspection Service earlier this week.   Media reports quoting sources form the government agencies informed this.   “We are in receipt of a...

Even while Blackberry closely weighs the future of its hardware operation, its chief executive said very recently that the company’s top priority this year is making its devices business profitable.   "The device business must be profitable, because we don't want to run a business that drags...

In an auction that could fetch up to $3 billion, more than half a dozen offers that include bids from Beijing Tourism Group, Sanpower and ChemChina have been made for McDonald's Corp’s China and Hong Kong stores, reported Reuters quoting people familiar with the matter.   A joint bid has...

A US lawsuit against Alibaba Group Holdings Ltd was dismissed earlier this week on Tuesday in the US giving the Chinese e-commerce giant some releif.   The largest e-commerce company of China was accused in the lawsuit of concealing a regulator's warning about its ability to suppress...

The proposed acquisition of SolarCity Corp could eventually push the US electric car maker Tesla Motor’s valuation to $1 trillion, said Tesla Motors Inc Chief Executive Officer Elon Musk on Wednesday amidst skepticism from investors.   The sentiments of the investors were reflected after the...

Apple shares are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes and there is apprehension that its shares could fall further after dropping more than $200 billion in market capitalization in one year.   According to an...