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Fact Sight is a weblog, where you will find the latest news and updates of the market.

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Bitcoin slid to $9,000 from $11,395 in less than 24 hours
Finance Technology 

Bitcoin slid to $9,000 from $11,395 in less than 24 hours

November 30, 2017 by Aadyot Basu

Since hitting an all-time high of $11,395 on Wednesday, Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value in less than 24 hours. The digital money fell as much as…

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Reliance Communications told bondholders they’re on par with lenders: Citigroup Inc
Finance 

Reliance Communications told bondholders they’re on par with lenders: Citigroup Inc

November 30, 2017 by Aruna Bhayana

India’s Reliance Communications Ltd (BSE 4.75%), which earlier this month defaulted on dollar notes, told bondholders that they would be treated the same as bank lenders in terms of their ability to recover funds, according to Citigroup Inc. The mobile phone operator…

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Euro falls to 3-week low versus Sterling
Finance 

Euro falls to 3-week low versus Sterling

November 30, 2017 by Kartik Pandey

The euro fell to more than a three-week low against the British pound on Thursday as hopes grew of a deal between Britain and European Union at a summit next month. Data showing the UK economy shrank by slightly less than previously…

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Andy Rubin, android creator steps away from firm
Others 

Andy Rubin, android creator steps away from firm

November 30, 2017 by Kartik Pandey

A former Google executive who is widely credited with creating Android smartphone software has taken a leave of absence from the startup he now runs, the company said Wednesday — a day after a report that he was involved in an inappropriate…

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John Chambers, the Chairman of CISCO invests in Uniphore
Business 

John Chambers, the Chairman of CISCO invests in Uniphore

November 30, 2017 by Aruna Bhayana

Speech analytics software company Uniphore on Thursday said Cisco Executive Chairman John Chambers has gotten 10% stake in the company. While the Chennai based company did not uncover the measure of funding, it said existing investors including IDG Ventures likewise took an…

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Xiaomi Redmi 5A launched in India
Technology 

Xiaomi Redmi 5A launched in India

November 30, 2017 by Aadyot Basu

The entry-level Xiaomi Redmi 5A was launched in India today. Touted as ‘Desh ka Smartphone’, the cheapest offering from Xiaomi stables in India will be sold at an introductory price of Rs. 4,999, which will be withdrawn some time later. The phone…

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Sports News Summary: Reuters
Sports 

Sports News Summary: Reuters

November 29, 2017 by Kartik Pandey

Following is a summary of current sports news briefs. Ravens in playoff position after topping Texans. The Ravens executed a fake punt that led to a Javorius “Buck” Allen touchdown, and Alex Collins ran for another score in Baltimore’s 23-16 victory over…

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Australia shares end up on Wall Street cheer
Finance 

Australia shares end up on Wall Street cheer

November 29, 2017 by Kartik Pandey

Australian shares climbed on Wednesday, spurred by a record night on Wall Street ahead of a key US tax vote, with financials and material stocks boosting the benchmark. US Senate Republicans pushed forth with President Donald Trump’s tax-cut bill on Tuesday in…

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Facebook to kill the app invite feature.
Technology 

Facebook to kill the app invite feature.

November 29, 2017 by Aadyot Basu

Most of us are tired of getting the countless number of notifications from the applications on Facebook. Finally, there is good news! Facebook has finally announced that it will kill the application invites feature soon. These invites which had become one of the most…

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Nestle India slapped with a fine of Rs.45 lakhs
Others 

Nestle India slapped with a fine of Rs.45 lakhs

November 29, 2017 by Kartik Pandey

New Delhi: Rs.45 lakh fine was imposed on Nestle by a court this Tuesday. The fine was imposed on Nestle India regarding a 2015 case for selling substandard instant Maggie noodles after a laboratory test found high content of ash in its…

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Business

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