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Updated by industrynewsanalysis-ina on Mar 19, 2017
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Industry News Analysis - Latest Business News Portal Headlines

Industrial News Analysis – Leading Business News Portal with Quick Latest News Updates Includes Business news, Economic news, US news, technology news, world news, Finance News

Oil rates drop to reach the lowest level for 2017

Oil prices have dropped in the past two days and will reach the lowest since mid-December 2016. OPEC and Russia’s effort to end the chronic oversupply and to increase oil prices negated by increasing U.S. productions in Permian, North Dakota and Oklahoma regions.

Airbnb raises another $1 billion to become second most valued startup

Airbnb after raising another $1 billion in the latest round of financing become the** second most valued startup in the U.S**. and now valued at $31 billion could use this funding to expand operations globally and for further acquisitions and investments- INA

Tata Motors and Volkswagen signed a contract “MoU” for long-term partnership.

Tata Motors signed a contract of Memorandum of Understanding (MoU) for a long-term partnership with Volkswagen Group. The MoU aims to achieve sustainable & profitable growth and jointly manufacture auto parts and vehicles- INA

Chinese coal output dropped and failed to fasten the supply

Chinese coal output despite efforts to replenish supplies resulting dropping of 1.7 percent. The Chinese government reversed its tough measures to trim the country’s dependence by increasing coal output.- INA

Vista Equity Partners to Acquire Canada-based DH Corp. in $3.6 Billion Deal

Vista Equity Partners, a United States investment firm, stated that it would acquire Canada’s financial technology company, DH Corporation, in a deal valued C$4.8 billion.

Apple Found Guilty of Fixing Prices of iPhone Models in Russia

Russia's antitrust regulator said that Apple found guilty in fixing prices of certain iPhone models retailed in the country. Google was also fined last year for banning phone manufacturers.

Indian startup Paytm goes global with services launching in Canada

Alibaba-backed Paytm, an online digital wallet maker with a current user base of over 200 million has launched mobile payment services in Canada.