Startups

TC Roundup: Yahoo buys self-destructing messaging app Blink, Nokia invokes India-Finland bilateral treaty to solve tax row

14 May, 2014

Yahoo buys self-destructing messaging app Blink: Blink, a mobile messaging application that lets users share self-destructing messages, has been acquired by. The app competed in an increasingly crowded space alongside Snapchat, of course, but also newer entrants like Frankly, Confide, Wickr, and others. (Techcrunch)

HeadStart Ventures mentor Vishy Poosala joins Facebook as director: Vishy Poosala, mentor at HeadStart Ventures has joined Facebook as Director, at Facebook Menlo Park, California. He made this announcement over LinkedIn and Twitter. (Medianama).

Nokia invokes India-Finland bilateral treaty to solve tax row: With tax authorities pressing with over Rs 21,000 crore in unpaid dues, Finnish telecom major Nokia has invoked the Bilateral Investment Promotion and Protection Agreement (BIPA) India has with Finland to resolve the dispute. Nokia late last month wrote to Prime Minister invoking dispute settlement clause in the India-Finland BIPA to settle the row that had led to its Chennai plant being left out of the over $7.2 billion deal with Microsoft. (The Economic Times).

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