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Category archives: Business

Facebook pays bug hunters $3mn; India reports largest threat

Social networking giant Facebook has paid over USD 3 million since 2011 to security researchers who report bugs on its website, with India topping the tally with tFacebook pays bug hunters $3mn; India reports largest threathe largest number of valid threats reported. India, which has over 112 million Facebook users, cornered an average reward of USD 1,343 (about Rs 84,000) in the US-based firm’s Bug Bounty programme. “India contributed the […]

Facebook’s first female engineer says ‘move fast and break things’ doesn’t work for all startups

This female entrepreneur says that in order to succeed in business, it’s worth questioning conventional wisdom. At Y Combinator’s Female Founders Conference this weekend, Ruchi Sanghvi, former VP of operations at DropBox and Facebook’s earliest female engineer, discussed what it takes to get ahead as a founder. The best way to achieve success, she says, is to set aside your biases and come up with new solutions. “And that’s hard […]

How a 23-year-old makes $500,000 a year tweeting random facts

When Kris Sanchez joined Twitter in 2009, he didn’t expect much to come of it.  “I really started my Twitter account because I wanted to follow Britney Spears,” Sanchez told Business Insider. “I’m a huge fan.” He found he didn’t have much to tweet about in his daily life, so he started sharing random facts he found while procrastinating on the Internet. He obviously had a knack for it. “By […]

Google Capital targets India for its first expansion outside the U.S.

  India’s startup scene is gaining big momentum, and it’s caught the attention of Google. As a result, Google Capital, the investment division of the U.S. search giant, has decided to hire a partner to focus on India, according to the Wall Street Journal. While Google Ventures, which invests in early stage companies, set up an office in London recently to target Europe, this will be the first international outpost […]

India-born Punit Renjen to be Deloitte Global CEO

NEW YORK: India-born Punit Renjen was today appointed the next CEO of US-based accounting giant Deloitte’s global operations, becoming the first Indian-origin person to head a ‘Big-Four’ audit firm. Renjen joins a growing list of persons of Indian origin like Indira Nooyi, Satya Nadela and Anshu Jain, who have made to the top posts at multi-billion dollar global corporations like PepsiCo, Microsoft and Deutsche Bank, respectively. Deloitte, which is present […]

RBI to Soon Put One Rupee Notes in Circulation Again

Mumbai: After a gap of about two decades, the RBI will again put in circulation rupee one notes soon. Printing of one rupee note was discontinued about 20 years ago. “These currency notes are legal tender as provided in the Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be a legal tender,” the Reserve Bank of India said in release. At present, […]

Microsoft CEO Satya Nadella makes a big impression in just a year

Satya Nadella’s appointment as Microsoft CEO a year ago was surprising. A protracted search for Steve Ballmer’s successor had many expecting the nod to go to an outsider to steer Microsoft into the future, not the then-unknown 22-year Microsoft veteran. Microsoft even attempted to massage any concerns by strategically announcing Bill Gates was “substantially increasing” his time at the company. It’s still not clear whether Gates is really dedicating up […]

Life of an entrepreneur: Tears and fears, guts and glory

Entrepreneurship, they say, is a game of sports, competitive sports, where you play to win. What kind of sport is it? Is it like swimming, where you have to go against the flow? Or, is it like sailing, where you have to leverage the tide? They say it’s like running, not the sprint but a marathon, where you are in for the long haul. Hmm… Some say, entrepreneurship is about […]

What This Guy Was Trying To Smuggle In His Pants Is Basically Animal Cruelt

Have you ever sat next to a fidgety person on a plane? Yeah, me too. It’s pretty annoying. But most of the time you can’t blame them. They’re just a fidgety person. But maybe, just maybe, they’re trying to secretly smuggle a dozen hummingbirds in their underpants. I know how crazy it sounds, but that’s exactly what one Dutch traveler attempted to do on a flight from Cayenne, in French […]

Samsung Looking to Develop BlackBerry Partnership, Not Acquire the Company: JK Shin

  Recent reports suggested that Samsung was looking to buy BlackBerry for as much as $7.5 billion (roughly Rs. 46,270 crores), and were met by denials from both companies. Now, a Samsung executive, further putting the rumours to rest, detailed the future relationship between the two companies. J.K. Shin, Head of Samsung’s Mobile Division and Co-CEO of Samsung Electronics, has told the Wall Street Journal that the South Korean firm […]