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Financing arm of Honda to resolve discrimination case for $25 mn

WASHINGTON - The US financing division of auto major Honda has agreed to repay $24 million to minority borrowers to resolve allegations of having charged them with higher interest rates on vehicle ...
Greek parliament to approve bailout deal despite Syriza rebellion

ATHENS Prime Minister Alexis Tsipras has defended the bailout deal struck at a Eurozone summit, saying the agreement saved Greece from exiting the euro and must be implemented even as the Greek ...
Drop in US retail sales raises concerns

WASHINGTON - The American consumer spending in the second quarter may not be as robust as expected because retails sales in the month of June have dropped unexpectedly, official data showed ...
20 projects selected under the Connecting Europe Facility

BRUSSELS - European Commission's proposal to allocate 150 million euro to 20 trans-European energy infrastructure projects with the bulk of support being provided to projects in Central Eastern, ...
$2.75 bn deal struck by WPX Energy to buy RKI

TULSA, Oklahoma - WPX Energy, a domestic oil and gas producer with operations in the western United States, Tuesday announced a definitive agreement to acquire privately held RKI Exploration and ...

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Movie Review

The Ring

The Ring is an Americanized remake of Ringu, a wildly popular 1998 Japanese horror film that has already spawned a sequel and a prequel in its native country after breaking box-office records all over Asia. Its hard to get ones hand on a copy of the original film here in the States, as the folks at DreamWorks (who produced the new version) dont want too many comparisons, which is un ... ...

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President Obama urges states to create retirement savings plan

WASHINGTON - President Barack Obama Monday promised that financial security of millions of aging Americans' will not be eroded as the nation grows older, but stressed that more proactive steps would ...
Disposable tableware firm Waddington being acquired by Jarden

MIAMI -- Global consumer products company Jarden Corporation Monday entered into a definitive purchase agreement to acquire Waddington Group, Inc, a leading manufacturer of premium disposable ...
Tough domestic opposition faces Tsipras on hard fought bailout deal

ATHENS - Greek Prime Minister Alexis Tsipras agreed to tough reforms with eurozone leaders in return for 86 billion euros ($129 billion) three-year bailout after marathon talks, but is already ...
Platform announces acquisition of Alent for $2.3 bn

LONDON - American chemical company Platform announced on Monday that it was acquiring the British rival Alent for $2.3 billion, including net debt. As per the terms of the transaction, for each ...
Majority UK firms anticipate rise in activity

LONDON - Business confidence across the UK private sector manufacturing, services and construction sector has improved to the highest level for a year with a majority anticipating pickup in activity ...
Twitter shares jump after fake takeover hoax

A bogus article that appeared on a fake website similar to Bloomberg's, announcing that Twitter has received a take-over offer, went viral and took the micro-blogging site's shares up by eight ...
Microsoft to offer cloud services to Indian start-ups

Microsoft will offer free its Azure cloud services to start-ups in India for speeding up the entrepreneurial ecosystem in India, the global software major said on Tuesday. "Our Azure cloud ...
Golfer Vani firm favourite at KGA

Delhi's Vani Kapoor will look to sustain her good form and continue her winning run in the 11th leg of the Hero Women's Professional Golf Tour to be played at the picturesque Karnataka Golf ...
Harper Lees Go Set a Watchman hits the shelves

American novelist Harper Lee's eagerly awaited novel "Go Set a Watchman" hit the shelves across the globe on Tuesday, media reported. Lee, who is now 89 and living in a nursing home in Monroeville, ...
Facebooks virtual assistant to make your purchases

Facebook may soon introduce its own version of virtual assistant that would help users complete tasks like buying products and services online, according to media reports Called Moneypenny, the ...

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Microsoft to offer cloud services to Indian start-ups

Microsoft will offer free its Azure cloud services to start-ups in India for speeding up the entrepreneurial ecosystem in India, the global software major said on Tuesday.

"Our Azure cloud services, valued at $120,000 will be given free to qualified start-ups under the 'BizSpark plus programme' for building the entrepreneurial ecosystem in the country," the company's Indian subsidiary said in a statement here.

Cloud services such as software as a service, platform as a service and infrastructure as a service are provided by vendors over the internet to enterprises across verticals to drive their businesses.

"Startups need all the help they can to get access to the right tools, technology and guidance. At Microsoft, we are committed to supporting these startups and through the BizSpark Plus program we want to support India's upcoming entrepreneurs," said Microsoft Ventures India director Rajinish Menon.

Qualifying startups must be privately held, below five years old with sub $1 million revenue annually and be a member of select accelerator or venture capital firm, Microsoft added in the statement.

Microsoft BizSpark is a worldwide programme which gives wings to startup dreams by offering free Microsoft software development tools, connecting startups with key industry players, investors and giving marketing visibility.

Startups will also receive the full suite of development and test software and Visual Studio, Windows and Office tools in this latest offering, Microsoft added.

In India, Microsoft is partnering 13 startup accelerators to rollout the offering. They include 91Springboard, Reliance GenNext, Zone Startups, Pitney Bowes and others.

"The BizSpark Plus programme is a unique opportunity for startups who want to leverage the power of the Cloud and give a boost to their product development lifecycle," the statement quoted 91Springboard partner Pranay Gupta as saying.

Internationally, Microsoft partners 150 startup accelerators in 47 countries.

Microsoft is also participating in the 'Digital India' programme initiated by Prime Minister Narendra Modi by organising hackathons in 17 college campuses across India targeting 4,000 students, the statement added.