Instagram testing standalone Direct messaging app

Facebook Inc’s Instagram said on Thursday it was testing a standalone messaging app called Direct, making it the company’s third chat tool alongside its hugely popular WhatsApp and Messenger. The move is

Xiaomi seeks bank pitches for 2018 IPO

Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters. Xiaomi was valued at $46 billion

Facebook co-founder’s fund invests in Mswipe

Facebook co-founder Eduardo Saverin’s tech fund B Capital is investing $11 million in Mswipe, a Mumbai-based payments company that specialises in point-of-sale hardware and services that enable merchants to accept all forms

HCL and Siemens Partner on Industry 4.0 Solutions

HCL Technologies (HCL), a leading global IT services company, has entered into a strategic partnership with Siemens on Industry 4.0 solutions, with a strategic collaboration on the Siemens Industry Software Suite. The