Microsoft Ventures, Honeywell in talks to invest $40 million in software startup FarEye

M. Sriram Logistics startup FarEye is in talks to raise $40 million, in a funding round led by strategic and financial investors, two people aware of the matter said, requesting anonymity. New investors in this round will include Microsoft Ventures, the cor…

Tata Steel Europe to cut 1,250 jobs in turnaround push; need to urgently improve profitability, says CEO

Tata Steel Europe is planning to cut 1,250 jobs as it faces challenging circumstances and needs to urgently improve profitability, Chief Executive Officer Henrik Adam said in an internal memo seen by Reuters on Tuesday. Our financial situation is serious and…