Marissa Mayer Fades Out as Yahoo Set to End Its Run

HIGHLIGHTS Verizon-Yahoo deal recently got a nod to be completed on June 13 Marissa Mayer will be departing the company with $186 million She became the Yahoo CEO in 2012 Marissa Mayer was hailed as Yahoo’s savior when she took charge of the pioneering Internet firm five years ago. But Mayer was unable to stemRead More

Microsoft Co-Founder Paul Allen Rolls Out World’s Largest Aeroplane, the Stratolaunch

HIGHLIGHTS Microsoft’s Paul Allen has been building world’s largest aeroplane It is called Stratolaunch, will be larger than Howard Hughes’ 1947 plane It’s not to carry passengers, but rather rockets The initial construction on the massive aeroplane Paul Allen has been quietly building in the California desert is complete, and the vehicle, which would beRead More

SBI not ruling out write-offs, post merger of five associates

MUMBAI: In the wake of ballooning bad loans, public-sector State Bank of India (SBI), isn’t ruling out write-downs or write-offs following the merger with five associates. “There can be no assurance that the bank will not have to undertake write-downs or write-offs in connection with the merger, which could have a negative impact on itsRead More