User: vj712 Topic: Indian startups
Category: Indian startups
Last updated: Feb 22 2018 21:53 IST RSS 2.0
 
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Nifty closes above 5000 on better-than-expected Q2 ... 30.8.2033 CNN-IBN Top Stories
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Forevermark India partners with 19 Indian jewellers for Oscars 22.2.2018 General News
Forevermark, the diamond brand from The De Beers Group of Companies, has partnered with 19 Indian jewellers to showcase curated pieces from the Red Carpet Collection 2018 for the 90th Academy Awards. "It is an honour to be a part of this prestigious platform and showcase diamond designs from our country's finest Indian jewellers," Forevermark India President Sachin Jain said. ************ Star India onboards 5 new advertisers for IPL * Broadcaster Star India has got five additional brands on board including Amul, Colgate, Parle Products, MakeMyTrip for the Indian Premier League (IPL) taking the total advertisers count to 16. "Advertisers interest in IPL continues to be very high and we are in advanced conversations with a number of other categories and brands which we will close over the next few days," Star Sports Executive vice-president and head of adSales Anil Jayaraj said. Star India will broadcast the IPL matches live in six languages across TV and digital. ...
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Uber sees driverless cars hitting the road in one yr 22.2.2018 General News
World's largest ride hailing company Uber today said its driverless car may be on roads in less than a year as it works with leading automobile manufacturers on technology for self-driving vehicles. Uber is also betting big on India, which it says could be its leading tech centre in 10 years. On his maiden visit to India, Uber Technologies CEO Dara Khosrowshahi said the company is collaborating with Japan's Toyota Motor Corp on autonomous technology. "In less than a year, autonomous vehicles will be on the road in our network," he said. "Much sooner than you would expect." At a fireside chat at IIT-Delhi, Khosrowshahi said he wants to make a big bet in India on technology. "I want to make a big bet in India. I think the talent pool here is extraordinary. I think the work ethic here is terrific. I think people are hungry to succeed. I love the entrepreneurial energy in India. So I want India to be our second tech centre. San Fanscisco is the headquarters but India is going to be a very
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New WhatsApp Terms of Service reveals close collaboration with Facebook 22.2.2018 General News
In an apparent hint that Facebook is set to monetise its WhatsApp operations, a new Terms of Service (ToS) spotted in the Google Play Beta Programme says that WhatsApp will work with Facebook companies over the next year to help businesses connect with its 1.5 billion users.
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Finnish sawmill companies foresee remarkable business potential in India 22.2.2018 General News
Wood from Finland, a national promotion program for Finnish sawn timber managed by Business Finland and the Finnish Sawmills Association is for the first time bringing several Finnish companies to the 10th edition of IndiaWood 2018 in order for them to interact with the Indian Wood Industry.IndiaWood, one of the world's leading exhibitions for the furniture manufacturing and the woodworking industry, is organized once every two years. It offers its audience a comprehensive overview of the prevailing technological innovations and the latest manufacturing trends in furniture manufacturing, woodworking technologies, tools, fittings, accessories and raw materials.According to a study by the World Bank, India's organised furniture industry is expected to grow 20 percent per annum over the next few years and is projected to cross USD 32 billion by 2019. The online home decor market in India is projected to grow at a CAGR of 50.42 percent in revenue over the period 2014-2019. The luxury ...
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CtrlS plans to invest Rs 1,200 Cr in next 3 Years 22.2.2018 General News
CtrlS, Asia-Pacific's largest Tier4 data centre company, today said it plans to invest about Rs 1,200 crore in next three years for setting up R&D and upgrading of infrastructure of its five date centres. CtrlS inaugurated its date centre here today. The company planned to invest about Rs 1,200 crore in next three years for setting up Research and Development (R&D) and upgrading infrastructure at five data centres, CtrlS Chairman and Managing Director Sridhar Reddy told PTI here. It had opened data centres at Hyderabad, Noida, Chennai and Mumbai. The data centres would serve the countrys banking, insurance, e-commerce, and internet organisations, he said. Replying to a query, Reddy said the target revenue for the company this calendar year is Rs 250 crore and Rs about Rs 500 crore next year. Investments in each data centre will create 400-odd jobs, Reddy said. The future plan of the company is to convert all data centres to be solar-powered in the next five years ..
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Uber to stay invested in India; looks to grow 10x: CEO 22.2.2018 General News
Ride hailing firm Uber today said it will continue to invest in India as it looks to grow business in the "incredibly important and core market" by up to 10 times in a decade. On his maiden trip to India, Uber CEO Dara Khosrowshahi indicated that he would not go by the advice of investors like SoftBank, who want the US-based firm to scale back to countries where it already has a strong market position. Refusing to disclose how much Uber has invested in India, he said, "it is a lot and that investment is going to continue." For Uber, India is a loss-making proposition but it will continue to invest in the market because it believes in it, he said at a media round table at the start of his two-day visit during which he is likely to meet Prime Minister Narendra Modi and other leaders. Asked if SoftBank, which is also an investor in rival and India's market leader Ola, has asked Uber to focus on the profitable market, Khosrowshahi said the company's strategies are decided by the ...
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Release of ‘Strategic Plan’ for synergy among PSUs and organizations of DoT, signing of MoUs and Conference on ‘Current and emerging opportunities for PSUs. 22.2.2018 Govt of india: PIB
Hon’ble Minister of State for Communications (Independent Charge) and Minister of State for Railways, Government of India Shri Manoj Sinha today releasedthe ‘Strategic Plan’ for synergy among the PSUs and organizations of DoT in New Delhi.
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JVC to hit the Indian market with audio/video products; aims to capture 10 pct share 22.2.2018 Sify Finance
[India], Feb 22 (ANI): Viera Group, one of the largest OEM players for Television and Electronics has announced the launch of JVC Japan range of Audio products and Video products in India.
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Finnish sawmill companies foresee remarkable business potential in India 22.2.2018 Sify Finance
[India], Feb.22 (ANI): Wood from Finland, a national promotion program for Finnish sawn timber managed by Business Finland and the Finnish Sawmills Association is for the first time bringing
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Financial crime on the rise in India's life insurance sector 22.2.2018 Deccan Herald - National

Rising transactions with third parties, data privacy concerns and gaps in operational processes have augmented financial crime risks in the life insurance sector, stated EY Fraud Investigation & Dispute Services report.

According to the report, 56% of the life insurers stated up to 30% increase in fraud over the last two years; 7% confirmed up to 50% increase.

The report noted that many life insurers were still in the process of complying with the implementation of IRDAI-mandated Fraud Monitoring Framework. 1 in 3 life insurers said their organizations did not have fully established whistle-blowing mechanisms, enhanced third party due to diligence processes and robust fraud-response procedures.

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Unocoin launches Multi-Cryptoasset Exchange 22.2.2018 Deccan Herald - Business
Bengaluru-based technology startup Unocoin has launched a new order-based trading feature on its platform as part of a suite of updates on its iOS and Android application. The new feature on the platform is currently built to support six major cryptoassets - Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP). The Stellar (XLM) coin will soon be released. Unocoin is also bringing an introductory offer under which there would be Zero percent transaction fee till February 28, 2018. Sathvik Vishwanath, Co-founder, and CEO, Unocoin said, "Millions of Indians have already turned to digital assets like bitcoin as a reliable means to invest and transfer money. The new Unocoin platform will bring a significant edge to both new, and existing users crypto-asset transactions, supported by a reduced fee structure on trades." Incepted in 2013, Unocoin was the first company in India to offer a full-featured mobile bitcoin app, with 24/7 access to real-time bitcoin ...
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JVC to hit the Indian market with audio/video products; aims to capture 10 pct share 22.2.2018 General News
Viera Group, one of the largest OEM players for Television and Electronics has announced the launch of JVC Japan range of Audio products and Video products in India.As the brand licensee (national distribution partner for marketing and selling the products) for Audio and Video products, JVC enters Indian Markets with 40 SKUs in Audio segment and 11 SKUs in LED TVs, products exclusively designed for India with Technology and Price that can be challenged against any Audio brands in India.The company has already launched JVC products online and plans to take it to other markets in the country over a period of time. The products are currently available in large format retail stores like Croma and Sargam Electronics, and also at Flipkart online.The brand aims to reach to almost 500 dealer points across the country within a span of three months, to be growing as one of the market leaders in the fields of LED TVs and Audio."We are excited to establish our foothold in Indian Markets. JVC in ..
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LOTS Wholesale announces Rs.250 cr investment over three years in UP 22.2.2018 General News
Amid the ongoing Uttar Pradesh (UP) Investors' Summit, LOTS Wholesale Solutions, a 100 percent subsidiary of Siam Makro, signed a memorandum of understanding (MoU) with the state government, whereby the company will open wholesale outlets in the state in the next three years with a proposed investment of Rs. 250 crore.LOTS Wholesale Solutions expects to generate 1500-2000 direct and indirect employment within the state of UP through their stores.The company had recently announced their plans to launch 15 stores across North India in the next three years, with the first two stores to open in Delhi and Noida within 2018. The next phase will see extension into other major cities of Uttar Pradesh such as Lucknow, Agra, Varanasi, Kanpur, Meerut, and Allahabad."Uttar Pradesh is one of the most progressive states in the country and we are keen to be a part of the initiatives that create a win-win for both sates and businesses. This MoU paves the way for an extensive retail rollout by us ...
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Uber will aggressively invest in SE Asia, won't let SoftBank rule it -CEO 22.2.2018 General News
NEW DELHI (Reuters) - Uber Technologies Inc's chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.
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Uber will aggressively invest in SE Asia, won't let SoftBank rule it - CEO 22.2.2018 General News
NEW DELHI (Reuters) - Uber Technologies Inc's chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.
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Uber will aggressively invest in Southeast Asia, won't let SoftBank rule it - CEO 22.2.2018 General News
NEW DELHI (Reuters) - Uber Technologies Inc's chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.
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Rolls-Royce unveils 8th gen Phantom priced at Rs 9.50 cr 22.2.2018 General News
Luxury car maker Rolls-Royce today introduced the eighth generation Phantom priced at Rs 9.50 crore, as part of plans to widen the product portfolio in the country. "We have a great partner (KUN Exclusive).. business is booming in South and Chennai is a big automotive hub from Indian perspective," Rolls-Royce Motor Cars, Asia Pacific, Regional Director, Paul Harris told reporter here to a query on choosing the city for the launch. KUN Exclusive is the authorised Rolls-Royce Motor Cars dealer for Chennai and Hyderabad. Rolls-Royce Motor Cars have five outlets in the Southern region. To a question on the company's business performance last year, he said, India was bit of a strange market last year because of so many changes in "duties, GST and demonestisation." "From the automotive perspective, definitely there was lack of stability last year. It has to stabilise somehow. You cannot keep tinkering a business area. It needs stability. Well mostly it is on various taxation .
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PNB shares down over 2% 22.2.2018 General News
Shares of scam-hit Punjab National Bank today came under selling pressure, falling over 2 per cent, after witnessing marginal gains in the past two sessions. The stock went down 2.09 per cent to end at Rs 114.65 on BSE. During the day, it lost 2.90 per cent to Rs 113.70. At NSE, shares of the company slipped 2.30 per cent to close at Rs 114.60. In terms of equity volume, 27.98 lakh shares of the company were traded on BSE and over 4 crore shares changed hands at NSE during the day. Since February 12 till February 19, the stock had fallen almost 28 per cent. State-owned PNB today said it has followed lawful avenues to recover its dues following Rs 11,400 crore swindling of funds allegedly by jewellery designer Nirav Modi and associates. The PSU bank also asked Modi to come up with a concrete and implementable plan to settle the loss. PNB had disclosed about the scam on February 14 through a regulatory filing. Meanwhile, PNB will move out of NSE's Nifty Midcap 100 index in April. The ...
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LOTS Wholesale announces Rs.250 cr investment over three years in UP 22.2.2018 Sify Finance
[India], Feb 22 (ANI): Amid the ongoing Uttar Pradesh (UP) Investors' Summit, LOTS Wholesale Solutions, a 100 percent subsidiary of Siam Makro, signed a memorandum of understanding (MoU) with the
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