European Commission Imposes A Hefty Fine Of 2.42 Billion Euros To Google Over Its Shopping Service

Software

Recently, Google has been fined a heavy amount of 2.42 billion euros by the European Commission. The European Commission has accused Google of unfairly using its power over the internet by prioritizing its own shopping services. Has Google distorted the market? Google has been accused of distorting the market and has received the highest penalty […]

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Defence Deals Key To PM Modi’s US Trip Including $2 Billion Drones

Defence Deals Key To PM Modi’s US Trip Including Billion Drones

New Delhi/ Washington: India is pushing for US approval of its request to buy a naval variant of the Predator drone, officials said, as Prime Minister Narendra Modi meets President Donald Trump for the first time. Securing agreement on the purchase of 22 …
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Amazon Acquiring Whole Foods For $13.7 Billion

Latest News

Whole Foods, one of the largest grocery store chains in the US, will be acquired by Amazon for $ 13.7 billion ($ 42 per share.) The deal isn't going to have any impact on Whole Foods' branding for stores and it'll retain John Mackey as CEO. This deal should close later in 2017.


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LeEco Unit Leshi Cancels 200 Billion Yuan Bond Fundraising

Android

LeEco subsidiary Leshi Internet Information & Technology has canceled its 200 billion yuan (around $ 294 million) bond fundraising initiative that was filed in September last year. The listed arm of the Chinese multinational said at that time that its working capital would be increased with the income made from the bond issues. However, when posting the company’s latest update about the fundraising move to the Shenzhen Stock Exchange, Leshi declined to explain why the plans are being terminated. Similarly, executives from the LeEco listed unit have not commented on the matter, although the news follows questions about the financial health of the company by Chinese regulators. Prior t…
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