Global WiFi – first mobile virtual network operator, Sabse Technologies has raised funding from Ratan Tata. The financial details of the deal has not yet been disclosed by the company. The company aims to utilise the raised funding to expand its WiFi first cellular service to consumers worldwide.

Founded by Hotmail Co-founder Sabeer Bhatia and Yogesh Patel in 2008, Sabse operates communications cloud platform named Sabsebolo for SMEs. Its cloud communication platform also enable developers to develop voice and text applications. The company offers cloud telephony, video conferencing and desktop sharing platform for small and mid sized enterprises.

The rupee appreciated by 11 paise to 65.53 against the dollar in early trade on Wednesday on selling of the American currency by exporters and banks.

Forex dealers said domestic equity markets opening with gains too supported the rupee, but dollar's strength against other currencies overseas capped the gains.

The BSE Sensex climbed over 207 points to trade at 26,797.79 and the NSE Nifty recaptured the 8,100-mark in early trade on Wednesday, with increased buying by participants leading to across-the-board gains amid positive Asian cues. However, at 1044 hours, the index was down to 26,698.40, 107.81 points up or 0.41% higher, as all sectoral indices, led by auto, realty and metal, were trading in the positive zone with gains of up to 1.36%. The gauge had gained 31.44 points in the previous choppy session.

South Korean carmaker Hyundai Motor Co confirmed on Wednesday it will launch a new global luxury car brand called Genesis, targeting higher profit margins to help it reverse out of an earnings slide.

Hyundai, which rose to prominence on a reputation for reliable, affordable cars, said the Genesis brand's lineup will start with two sedans this year, growing to six by 2020.

Auto stocks are in focus with most of the frontline stocks such as Tata Motors, Ashok Leyland, Bajaj Auto, Mahindra & Mahindra (M&M), Hero MotoCorp and Eicher Motors are trading higher between 1%-5% on the National Stock Exchange (NSE).

At 11:06 AM, the CNX Auto index, the largest gainer among sectoral indices, was up 1.7% as compared to 0.23% rise in the benchmark CNX Nifty.

DLF Ltd , India's biggest listed property developer, posted a 21% jump in quarterly profit on lower costs even as home sales are slow to pick up in a recovering economy.

The New Delhi-based company earned 1.32 billion rupees ($20.1 million) for the quarter ended September 30, compared with 1.1 billion rupees last year.

New Delhi: The International Cricket Council (ICC) is all set to have a new chairman, with the Board for Control of Cricket in India (BCCI) likely to replace N. Srinivasan with its current chief Shashank Manohar. The decision to replace Srinivasan as the BCCI’s nominee to ICC is likely to be taken next Monday at BCCI’s annual general meeting (AGM) in Mumbai.

ICC revamped its governance structure and amended its constitution last July, making Srinivasan the first chairman of cricket’s governing body. BCCI’s latest move to replace its former chief will prematurely end his two-year tenure as ICC chairman.

Amazon, the company that started the trend of selling books online, has decided to go offline by selling its inventory in brick and mortar stores. It will be opening its first bookstore called Amazon Books on Tuesday (3rd November 2015) in Seattle’s University Village.

As the company says Amazon Books is a physical extension of Amazon.com. It will apply its 20 years of online book selling experience to integrate the benefits of offline and online book shopping in their store. “The books in our store are selected based on Amazon.com customer ratings, pre-orders, sales, popularity on Goodreads, and our curators’ assessments.

The programme is being funded by the researchers through their university grants amounting to $57,000.

About 200 founders of Indian startups will get together at the Infosys campus in Mysuru in January 2016 for a three-day retreat and conference. The session will commence with yoga, and end late night with brainstorming on strategies to push their companies to the next level. Design-thinking methodologies will be employed by the startup founders to identify and resolve certain problems such as: What emotions would their company want to invoke from customers? What would make the company obsolete in three years? etc.

The growing digitisation and mobility would open up more ways for women to participate in economic activity and help in gender diversity, ICICI Bank CEO Chanda Kochhar said.

“There are so many new e-commerce opportunities around very small cottage entrepreneurship, which can enable more and more women to participate,” she said on the sidelines of a CII HR summit on diversity and inclusion.

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