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nivio secures $21 million funding
Hyderabad, Feb 10 (IANS) Cloud computing start-up nivio has secured $21 million funding from the Videocon Group and AEC Partners, a US-based private equity firm with specialised holdings in telecommunications and technology. The investment is for expanding engineering efforts in nivio's Palo Alto officein California, US, and further roll-out of the cloud platform across nivio's operating regions

Myntra.com Targets Rs 500 crores Revenue for the Next Fiscal
Myntra.com, the largest online retailer of fashion and lifestyle products in India, is aiming revenues of Rs 500 crores in the financial year 2012- 2013. The company which entered the lifestyle and fashion retailing segment in December 2010 has registered a 10 fold growth in 2011 and is relatively, the fastest growing company in the e-commerce space in India.

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Nuclear test ban treaty the focus of Ban's visit to Vienna
UN Secretary-General Ban Ki-moon will travel to Austria next week for a three-day official visit focused on efforts to tackle the illegal drug trade in Afghanistan and the push for a global treaty banning nuclear tests.

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Dougan diet

Credit Suisse is hurting. Cost cuts and balance-sheet shrinkage have combined with weak markets to drag the Swiss bank to its first quarterly loss since 2008. Chief Executive Brady Dougan thinks he

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Flipkart buys Letsbuy in a cash-equity deal

Signalling consolidation in the Indian online retail space, leading e-commerce company Flipkart has acquired Letsbuy, a strong cyber player in the consumer electronics category. While the industry

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Mortgage settlement reached with top banks

The biggest US banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and

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