National News

Apple, India in deadlock on tax

Apple has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, peop

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Got assurance on resolution of tax notice issue: Nasscom

 IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been "corrected" and

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Vahdam Teas Raises $1.4 Mn Funding From Fireside Ventures, Others

Online tea brand Vahdam Teas has secured $1.4 Mn (INR 9 Cr) in a round of funding led by VC firm Fireside Ventures. The startup’s existing investors – Singapore Angel Network, Mumb

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Amazon India Claims 1.5x Growth Over Flipkart In April-September 2017 Period

Amazon India has once again raised its voice to claim the top spot in the Indian ecommerce ahead of Flipkart. The global retail giant’s Indian subsidiary has claimed a Y-o-Y growth of 66

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Lending Platform FlexiLoans Raises $7 Mn In Debt Funding

Mumbai-based digital SME lending platform FlexiLoans has raised an institutional debt funding of about $7 Mn (INR45 Cr) from Financial Institution(s). The funding will be used to expand its pr

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Happay Raises $10 Mn Funding From Sequoia, Axiom Capital, Others

Bengaluru-based fintech startup Happay has raised $10.1 Mn (INR 65.13 Cr) in a Series B funding round led by Sequoia Capital India. Singapore-headquartered private equity fund Axiom Capital, A

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OYO Switches From Hotel Aggregation To Franchise Model

Gurugram-based hospitality startup OYO has shifted its business model from hotel aggregation to franchise. OYO now runs pure-play franchise business allowing hotel partners to run under the OY

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Paytm Set To Roll Out 2nd Edition Of Its Annual Festival ‘12/12’ With Its 5 Mn Merchant Partners

Paytm is set to bring the second edition of its annual offline shopping festival 12/12. To be held on December 12, 2017, the offline shopping festival is aimed at driving greater sales for off

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Cryptocurrency This Week: RBI Warns Over Bitcoin Trading, Petro Launch And More

‘Unstoppable’. ‘Incredible Hulk’. Despite the ‘beddy bye’ by the leading authorities across the world, Satoshi Nakamoto’s nine-page long white paper (

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Flintobox Raises $7 Mn In Series A Funding Round Led By Lightbox

Chennai based Flintobox has raised $7 Mn in a Series A funding round led by early-stage venture capital firm Lightbox. Existing investors Globevestor, Ashwin Chadha, Asian E-Commerce Alliance

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Electric Vehicles This Week: Tata Rolls Out Tigor EV; Maharashtra To Adopt EV Policy

The automobile industry is one of the key sectors driving India’s economic growth. More than 25 Mn vehicles including passenger vehicles, commercial vehicles, three wheelers and two-whee

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Amazon Wholesale India Unit’s Sales Reaches $1.08 Bn In FY 16-17

It seems that the trust Jeff Bezos has shown earlier this year on Amazon’s Indian arm has started to pay off. Amazon Wholesale India, the US-based ecommerce giant’s Indian wholesal

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Exclusive: Content Discovery Startup Inshorts Raises $5 Mn Funding From Tiger Global

Noida-based content discovery app Inshorts has raised $5 Mn funding from Tiger Global Management’s Singapore investment vehicle, Internet Fund III Pte Holdings. The investment, as per th

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Alibaba To Acquire 40% Stake In Hyperlocal Grocery Delivery Firm BigBasket For $300 Mn

With the year 2017 stepping to an end, yet another big deal is on its way in the Indian startup ecosystem. Alibaba along with Paytm Mall is all set to acquire around 35% – 40% stake in h

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RBI Reiterates Its Concerns Over Bitcoins And Cryptocurrencies

After Finance Minister of India Arun Jaitley made it clear that the centre doesn’t recognise the use of Bitcoins and other cryptocurrencies as a legal affair, the Reserve Bank of India (

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How FalconBrick Is Aiming To Digitise India’s Unorganised Real Estate And Construction Sector Worth $165 Bn

The real estate and construction sector in India is expected to be the third-largest globally by 2030, contributing over 15% to Indian GDP, according to a report jointly released by NAREDCO an

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Graphic India Raises $5 Mn Funding To Expand Its Comic Brand In India

Bengaluru-based Graphic India, a character entertainment company has raised $5 Mn in a funding round led by the investors from the US-based Liquid Comics to fast-track its mission of creating

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Hyperlocal Services App Dunzo Raises $12 Mn Funding From Google

Chat-based hyperlocal services app Dunzo has raised $12 Mn funding from Google against a minority stake in the startup. The deal has been done under the search giant’s Next Billion Users

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Paytm Payments Bank To Invest $466 Mn To Build 10K Customer Touchpoints

Paytm Payments Bank has committed to invest $466.5 Mn (INR 3000 Cr) in next three years to create a network of 10K offline consumer banking touchpoints.   Th

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Furniture Rental Startup Rentickle Raises $4 Mn From ThinKuvate, Others

Rentickle, an online rental platform for furniture and home appliances, has raised $4 Mn in a funding round led by Singapore-headquartered VC ThinKuvate and CX Partners Chairman Ajay Relan.</d

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BIGShift Ahmedabad: A Glimpse Of The Enthralling Conversations With Three Veterans From The World Of Startups

The largest city in Gujarat, the &ldquo;Land of the Legends&rdquo;, Ahmedabad is blessed with spectacular Indo-Persian architecture, mesmerising gardens and numerous lakes (natural and artific

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Cab Aggregator Ola Launches Bicycle-Sharing Service Ola Pedal

Cab-aggregator Ola has introduced yet another new mode of transportation for its users &mdash; Ola Pedal. As the name suggests, Ola Pedal is a bicycle sharing service and will come in handy fo

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Paytm Plans To Invest $2.5 Bn To Grow Its Ecommerce Business Paytm Mall

Paytm has its sights set on becoming a significant player in the ecommerce space with its ecommerce unit Paytm Mall. Founder Vijay Shekhar Sharma said that Paytm plans to invest up to $2.5 Bn

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

After clocking 76.8 Mn transactions in October, the Unified Payments Interface (UPI) hit a record high of 105 Mn transactions last month. According to data released by NPCI (National Payments

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Cryptocurrency This Week: Bitcoin, A Pandora’s Box For India, Belarus To Legalise

Once in a blue moon or just a &lsquo;bubble&rsquo;? Bitcoin is on a roll. This week, Bitcoin, Ethereum and Bitcoin Cash saw an unprecedented growth, with Bitcoin leading the charge at a market

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Pepperfry Decided To Build India’s Largest Furniture Warehouse And Here’s Why

&ldquo;The nuance to furniture is handling,&rdquo; says Ashish Shah, founder and COO of Mumbai-based furniture marketplace Pepperfry and former eBay executive. I, along with a handful of journ

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Funding Galore: Indian Startup Funding Of The Week [27 Nov -2 Dec]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 12 Indian startups raised about $78 Mn in funding altogether in the Indian startup ecosystem. (

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News Roundup: 12 Indian Startup News That You Don’t Want To Miss This Week [27 Nov -2 Dec]

We bring you the weekly dose of important Indian startup news of the week. &nbsp; This week&rsquo;s prime newsmaker in the Indian startup ecosystem was Softbank w

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Movers And Shakers Of The Week [27 Nov -2 Dec]

We bring you the weekly dose of important movers and shakers of the week. BlackBuck On Boards Dinesh Ajmera As CTO Bengaluru-based BlackBuck, owned and operated b

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Cisco Chief John Chambers Picks 10% Stake In Chennai-Based Startup Uniphore

Developing voice assistant and speech recognition solutions, Chennai-based IT startup Uniphore Software Systems has closed its series B round of funding led by the Executive Chairman of Cisco

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Ecommerce Major Flipkart Reports 43% Growth In GMV In April-September Period

As per a financial report from Flipkart investor Naspers, the ecommerce firm has reported a growth of 43% in gross merchandise value (GMV) for the six months ended 30 September. The half yearl

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T-Hub Partners With CASHe To Launch Blockchain Hyper Hub

Hyderabad-based startup incubator T-Hub has launched Blockchain Hyper Hub in collaboration with CASHe, an app-only lending company which provides immediate short-term personal loans to young p

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Zomato Apologises For Offensive Outdoor Ad; To Withdraw Soon

Just before the year end, Zomato has got itself into a public outrage over its new marketing campaign. The food tech startup recently placed an outdoor banner ad, depicting letters (BC., MC.)

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Mobile Gaming Company Nazara Raises $51 Mn In Funding

Mumbai-based mobile gaming company Nazara has raised about $51.1 Mn in a funding round led by IIFL Special Opportunities Fund. &nbsp; Commenting on the recent inv

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Exclusive: Hyperlocal Services Startup Befikr Raises Series A Funding

Delhi NCR-based hyperlocal services provider befikr has raised about $2 Mn in Series A funding round from undisclosed investors, says, co-founder Sunny Trehan. &nbsp; <di

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Amazon India Reports Over 105% Revenue Growth In FY17

At a time when Flipkart&rsquo;s valuation has been marked up by one of its investors Morgan Stanley, the Indian arm of global ecommerce behemoth Amazon has reported over 105% growth in revenue

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Electric Vehicles This Week: Tata Nano EV To Be Launched As Jayem Neo; Mahindra Partners With Uber And More

A recent study by global financial services company UBS predicts that one out of every six cars sold anywhere in the world will be electric by 2025. &ldquo;The shift to electric cars will come

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Google Selects 4 Indian Startups For Launchpad Accelerator 5th Edition

Global tech giant Google has announced the list of startups that will be joining the fifth edition of the Launchpad Accelerator Programme, at the Google Developers Launchpad Space in San Franc

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Connected Transport Incubator AutoNebula Gets $7 Mn SEBI Approved Funding

Pune-headquartered AutoNebula, India&rsquo;s only incubator/accelerator that focuses on connected transport, has secured a Category I AIF (alternate investment funding) of $7 Mn (INR 45 Cr). C

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SoftBank Eyes $250 Mn Investment In Foodtech Startup Swiggy

After solidifying its position in the Indian ecommerce and cab aggregator space, Japanese conglomerate SoftBank is reportedly gearing up for a $200 Mn-$250 Mn investment in foodtech startup, S

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Uber Shortlists 10 Indian Startups For UberEXCHANGE Programme

On the 2nd day of the ongoing GES 2017 (Global Entrepreneurship Summit), on-demand ridesharing platform Uber today announced the names of 10 Indian startups as UberEXCHANGE winners. Under the

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Food Delivery Platform Foodpanda India Claims 64% Jump In Revenue

foodpanda India, the online marketplace for food delivery has claimed revenues of $9.6 Mn (INR 62.16 Cr) in FY 16-17, a 64% jump over the earlier $5.87 Mn (INR 37.81 Cr) in FY 15-16. The compa

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Morgan Stanley Marks Up Flipkart Valuation To $9.36 Bn

Morgan Stanley, one of its mutual fund investors, has marked up the valuation of homegrown ecommerce behemoth Flipkart to $9.36 Bn for the quarter ended September 30, 2017. The markup came as

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Fitness Startup MobieFit Raises $1.35 Mn From NB Ventures, MediAssist

Mobile fitness startup Mobiefit has raised $1.35 Mn (INR 8.85 Cr) in a Pre-Series A funding round led by NB Ventures and existing investor, MediAssist India. The investment follows the startup

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Gaja Capital Leads $13 Mn Funding Round In Lifestyle Brand Chumbak

Design-led lifestyle brand Chumbak has reportedly secured $13.1 Mn (INR 85 Cr) in a round of funding led by mid-market private equity firm, Gaja Capital. The round also saw the participation o

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Fintech Startup Remitware Launches Global Payments Platform MoneyOS

California-based Remitware Payments (Remitr) is set to launch a blockchain based operating system, MoneyOS for global payments. The new OS aims to ease the crossborder/global payments by freei

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Paytm Payments Bank Formally Inaugrated, To Invest $500 Mn In KYC

After launching the Airtel Payments Bank in January this year, Finance Minister Arun Jaitley also formally inaugurated Paytm Payments Bank in the capital today. Speaking at the

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TRAI Issues Recommendations On Net Neutrality; Defends Free Internet

The Telecom Regulatory Authority of India has finally released its recommendations on net neutrality. Upholding the basic principles of equal and non-discriminatory access to the Internet, TRA

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Government Permits Digital Payments For Charging Of Electric Vehicles

In a bid to ensure fast and smooth adoption of electric vehicles, the Government of India has announced that users will be allowed to pay for the charging of EVs through digital payments solut

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BIGShift Nagpur: Masters Share Secrets Of Fundraising And Effective Market Research With Startups

Nagpur, or the orange city as we like to call it, tops the chart as one of the best cities in the country in terms of livability, greenery, public transport and access to healthcare. As per Sw

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Startup Events To Attend This Week: BIGShift Bhubaneswar, GES 2017 And More

Last week we introduced our new weekly series on startup events to attend this week, and we received an amazing feedback from the community. This has further strengthened our zeal to curate th

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Axis Bank Launches Blockchain Based Instant International Payment Services

India&rsquo;s third-largest private sector bank Axis Bank has launched instant international payment services using the enterprise blockchain technology solution from Ripple. The bank has laun

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Indian Government To Revise Tax Regime For Startups: Sources

The Government of India is reportedly reviewing the tax regime for startups, with the aim of integrating exemptions and incentives to attract more entrepreneurs. The development comes ahead of

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Mahindra To Launch Two New Models Of Electric Vehicles By 2019

Mahindra Electric, the EV arm of the Mumbai-headquartered automotive giant, has announced plans to launch two new models of electric vehicles in India soon. As per reports, the company sold a

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SEBI To Investigate Earnings Leak Of 24 Companies On WhatsApp

The Securities and Exchange Board of India (SEBI) has asked India&rsquo;s top two stock exchanges&mdash;NSE and BSE Ltd&mdash;to write to over&nbsp; 24 companies whose earnings figures as well

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Cryptocurrency This Week: Billdesk Launches Bitcoin Exchange Coinome And More

Amid rising investments and Bitcoin futures products, the cryptocurrency market cap has crossed $250 Bn. Besides Bitcoin, Bitcoin Cash and Ethereum are two other cryptocurrencies that have sho

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Why Unicorn India Ventures Feels Venture Debt Is The Missing Piece In Indian Startup Ecosystem

Mumbai-based VC fund Unicorn India Ventures announced the launch of its second fund, a venture debt fund with a corpus of $92.3 Mn (INR 600 Cr), earlier this week. While the year has seen the

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Equity Research Firm Jefferies Marks Up Zomato Valuation To $865 Mn

There&rsquo;s more good news for Indian foodtech unicorn Zomato. As per reports, NYC-headquartered equity research firm Jefferies has marked up Zomato&rsquo;s valuation from $500 Mn in July 20

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Despite Low Deposits, Paytm & VSS Boosts Payments Bank With $18 Mn

While Paytm Payments bank trudges along with mounting losses, it has received yet another cash infusion. Paytm&rsquo;s parent company One97 Communications and its founder Vijay Shekhar Sharma

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After Suzuki And Toyota, Honda To Enter Indian Electric Vehicles Market

After Mahindra, Maruti Suzuki and Tata Motors, Honda Cars India Limited (HCIL) has jumped on the electric vehicles (EV) bandwagon. As per reports, the Indian subsidiary of Honda Japan is in th

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Zoho Looks To Tap Digital Agencies With New Edition Of Zoho Social

In a bid to bring digital agencies under its cover, Zoho has announced that its social media marketing tool Zoho Social is now available in a special edition for them. Zoho Social for Agencies

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Uber Paid $100K To Hackers To Cover Up Massive Data

In a world where over 2.5 quintillion bytes of data are consumed daily through emails, videos, images, tweets, and content, infringement in some form or the other is inevitable. When a securit

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Sequoia Capital Sells Almost 1% Of Its Stake In Just Dial For $5.4 Mn

Sequoia Capital, one of the early investors in local search service Just Dial has sold almost 1% of its stake in the company through open market transactions, making an earning of around $5.4

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Epiq Capital Marks First Close Of Its $250 Mn Tech Startup Fund

Mumbai-based PE firm Epiq Capital has announced the first close of its $200 Mn-$250 Mn maiden tech startup fund. The firm has raised $100 Mn so far entirely from global institutional investors

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GOInternational Finland Calls Indian Series A Startups & SMEs For Smart City Bizhack India

GOInternational Finland, a Nordic International Accelerator will be hosting Smart City Bizhack India at its headquarters in Helsinki. It is the first Indian-themed event to be hosted alongside

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Kerala Government Extends Financial Support For Startups By Two Years

The Kerala government has announced today that it would be extending financial support for startups in the state by two more years. As a result, Kerala-based startups will now be offered seven

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Tiger Global To Sell A Portion Of Its Stake In Ola To Softbank For $500 Mn

Now that Tiger Global Management Partner Lee Fixel has stepped down from Ola&rsquo;s board, the US-headquartered firm seems to be ready to sell its stake in the cab aggregator to none other th

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Adoption Of Electric Vehicles Could Help India Save $300 Bn: Report

Although the adoption of electric vehicles in India has been slow, due to many challenges and setbacks, the market represents a tremendous economic opportunity, a FICCI and Rocky Mountain Inst

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BankChain In Action: SBI To Use Blockchain For Smart Contracts & KYC

Indian multinational, public sector banking and financial services company, State Bank of India ( SBI) has announced plans to launch blockchain-enabled smart contracts and Know Your Customers

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Xiaomi To Invest $1 Bn In 100 Indian Startups: CEO Lei Jun

The company currently has two manufacturing units in Andhra Pradesh, one launched in August 2015 and the other one is a secondary unit established in March 2017. So, 95% of all smartphones sol

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Unicorn India Ventures Launches $92.3 Mn Venture Debt Fund

Mumbai based VC fund Unicorn India Ventures has announced the launch of its second fund, a venture debt fund with a corpus of $92.3 Mn (INR 600 Cr), today. The fund will be making its first cl

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India Gets Its Very First Electric Vehicle Charging Station In Nagpur

Homegrown cab aggregator Ola has announced the launch of the country&rsquo;s first electric vehicle charging station in Nagpur, in collaboration with state-run Indian Oil Corporation (IOC). In

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Home Furnishing Startup HomeLane Acquires Capricoast For $13.8 Mn

Bengaluru-headquartered modular home furnishing solutions provider HomeLane has acquired Capricoast for $13.8 Mn (INR 90 Cr). Also based in Bengaluru, Capricoast is an online home interiors ma

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Indian Government Partners MapmyIndia To Digitise Physical Addresses

The Indian Department of Post in association with MapmyIndia has launched a pilot project- eLocations aka eLoc &ndash; to digitally map the physical property addresses. The postal department c

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TVS Group Kickstarts Its Electric Vehicles Drive With Tesla

After Mahindra and Mahindra, another Indian company, TVS Group, has taken a leap into the electric vehicles industry. The Madurai-headquartered diversified industrial conglomerate has reported

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Flipkart To Invest $50 Mn In Foodtech Firm Swiggy; Tencent May Follow

Speculations around Flipkart don&rsquo;t seem to cease ever since the company announced its plan to roll out a one stop mobile app in June 2017.&nbsp; Just after the company is said to be in t

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Cryptocurrency This Week: Supreme Court Asks Govt To Regulate Bitcoin

Swinging up and down, and up again. Bitcoin, currently trading at $8K, has recovered bullishly from a scheduled hard-fork melodrama that did not happen. However, if you are looking for a melod

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FundTonic Announces The Launch Of Pune Startup Marathon 2017

Mumbai-based FundTonic, an angel network with over 700 angel investors has announced the launch of this year&rsquo;s Pune Startup Marathon. In another development, FundTonic has also unveiled

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Facebook Marketplace Set To Take On Olx, Quikr In India, Begins Trial

Facebook has begun the test run of its Marketplace feature in India starting from the city of Mumbai. From November 16 onwards, people in Mumbai will soon start seeing a Marketplace tab where

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Paytm Teams Up With ICICI Bank To Offer Short Term, Interest Free Loans

Mumbai-headquartered banking and financial services company, ICICI Bank, has partnered with Paytm to launch a short-term, interest-free credit line aptly called Paytm-ICICI Bank Postpaid. As s

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Myntra To Use Kirana Stores For Last Mile Deliveries Under MENSA

In a bid to strengthen its presence in the Indian fashion ecommerce segment, Flipkart owned Myntra is betting on its network of neighbourhood stores to bolster its last-mile deliveries. The fa

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Can Flipkart Bank On Its Private Label MarQ To Make A Dent In White Goods Category Sold Online?

&ldquo;When you are out of quality, you are out of business&rdquo; &ndash; reads a plaque above an assembly line in the Dixon Technologies factory in Selaqui industrial area outside Dehradun.

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Cab Aggregator Uber India Introduces 4 New Features To Entice Users

Back to basics. One of the leading cab aggregators, Uber India has launched a host of new (basic) features which include &lsquo;request for a guest&rsquo;, &lsquo;call to ride&rsquo; and AI-en

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Meet The 8 Startups Graduated From Nomura Fintech Accelerator

Asia&rsquo;s leading global investment bank Nomura hosted a demo day at their Powai campus for the eight selected startups after they completed the Nomura accelerator programme. At the demo da

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Mahindra Partners Zoomcar To Accelerate Electric Vehicle Adoption

India&rsquo;s sole manufacturer of electric vehicles, Mahindra and Mahindra, has forged a partnership with self-drive car rental platform, Zoomcar. As part of the newly-announced alliance, the

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Ecommerce Major Infibeam Almost Doubles Its Revenue For Q2 FY18

Ahmedabad-based ecommerce major Infibeam has announced a strong growth in its Q2 FY18 financials. As per the recent BSE filing, the company posted a net profit of $3.3 Mn (INR 21.6 Cr) with a

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India Accelerator Kickstarts Its First Cohort With Six Startups

Gurugram-based India Accelerator has invested $150K in six startups, shortlisted for its first batch. Following are the startups shortlisted for the accelerator programme: Kuants, a fintech st

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Zomato Launches Its International Paid Subscription Program Zomato Gold In India

After playing a successful innings throughout the year, the foodtech startup Zomato has given its consumers and retailer network another reason to celebrate. The company has announced the laun

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Flipkart Owned Fashion Marketplaces Myntra, Jabong Enter $400 Mn Indian Toys Market

Indian ecommerce unicorn Flipkart owned fashion subsidiaries Myntra and Jabong are now taking the plunge into the $400 Mn (INR 2750 Cr) Indian toys market. &nbsp;

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Why Sir Terry Matthews Is Banking On Indian B2B SaaS Startups With Alacrity

If success can be boiled down to a tried and tested formula, then serial high-tech entrepreneur Sir Terry Matthews has perfected his by trying and testing it over 150 times. The Chairman of Ca

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Fintech Startup Active Intelligence Raises $8.25 Mn Funding From Vertex Ventures And Others

Active Intelligence, a Singapore-headquartered fintech platform with an innovation lab in Bengaluru has successfully raised $8.25 Mn in its Series A funding, led by Vertex Ventures, Creditease

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Voonik CEO Sujayath Ali Dismisses Reports Regarding Deferment Of Employee Salaries

Bengaluru-based fashion retailer Voonik has reportedly asked 200 employees out of its workforce of 350 to forgo their salaries for the next three months. According to sources close to the deve

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Logistics Startup VDeliver Acquires Hyperlocal Services Marketplace Towny App

Hyderabad-headquartered logistics company VDeliver has acquired Towny App, an Andhra Pradesh-based mobile marketplace for hyperlocal services, for an undisclosed amount. As per the official st

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T-Hub And United Technologies Select Five Video Analytics Startups For Accelerator Programme

Hyderabad-based startup engine T-Hub, in collaboration with American tech conglomerate United Technologies Corporation (UTC), has selected five video analytics startups for the first cohort of

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BharatNet: Govt. To Offer $550 Mn Subsidy To Telecom Firms To Connect Villages Via Internet

The Government of India is planning to offer $550.2 Mn (INR 3,600 Cr) subsidy to private telecom companies through viability gap funding, in a bid to connect gram panchayats via Internet as pa

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100% Electric Vehicles By 2020 Doable In Major Indian Cities: Jose Roman Of Nissan

Joining the pack of domestic and international automotive companies that have stepped forward to support the Indian government&rsquo;s electric mobility mission is Japan-headquartered Nissan M

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Stayzilla Saga: Supreme Court Orders Status Quo In Homestay Aggregator’s Appeal Against Insolvency

In a recent development in the Stayzilla case, the Supreme Court has given an interim order of status quo in an appeal against the insolvency proceedings of the homestay aggregator. The order

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Ecommerce Mammoth Alibaba Undeterred In Its Focus On India, Says CEO Daniel Zhang

Having monopolised the Chinese ecommerce industry through aggressive discounting and mega sales, like the recently-held 11.11 Global Shopping Festival, Jack Ma-founded Alibaba now has its eyes

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RBI Invites Discussions On The Impact Of Newly Instituted Digital Payment Norms

A month after releasing stricter guidelines on the issuance and operation of Prepaid Payment Instruments (PPIs), the RBI has invited prominent bankers to deliberate over the impact the newly-i

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Amazon Will Continue To Invest In India Regardless Of What Competitors Are Doing: Jeff Wilke

Amazon Worldwide Consumer CEO Jeff Wilke is not bothered by the huge losses the ecommerce company faced in the international markets including India in the last quarter. &nbsp;<

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Cryptocurrency This Week: RBI Says No To Bitcoin For Payments & More

&ldquo;Bitcoin is Punk Rock. You can&rsquo;t stop it,&rdquo; says Andreas M. Antonopoulos, the protagonist in &lsquo;Bitcoin: The End of Money As We Know It&rsquo;. However, the Indian governm

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India Recorded 965 Mn Digital Transactions In October: RBI

A lot has been happening in the Indian digital payments space. With the entry of big players like Google, Amazon and now PayPal and the government&rsquo;s drive towards cashless economy, digit

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Ecommerce Behemoth Amazon Shuts Down Online Product Discovery Platform, Junglee

Seattle-based Amazon has reportedly shut down online product discovery platform, Junglee. Launched in February 2012, more than a year before Amazon.in came into existence, Junglee represents t

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Jindal Stainless Partners With ANEW Holdings To Launch Accelerator Programme For Agritech Startups

Jindal Stainless, in collaboration with Japanese VC firm ANEW Holdings, has launched an accelerator programme for agritech startups. Located in Gurugram, the initiative is aimed at strengtheni

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PayPal Joins Indian Digital Payments Party; Rolls Out Domestic Payment Services In India

Exactly a year after demonetisation was announced, global digital payments player PayPal Holdings Inc. has finally launched its domestic payment services in India today. The firm will now offe

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Rajasthan Government Doubles Down On Startup Support, Launches IStart Programme

In a bid to facilitate entrepreneurship and job creation in the state, the Government of Rajasthan has launched a dedicated platform for startups called iStart. By nurturing innovation and ent

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BIGShift Indore: Seasoned Entrepreneurs Share Insights Into The Challenges Of Team Building Out Of A Tier II City

Located far away from the startup hubs &ndash; Delhi, Bengaluru and Mumbai &ndash; is Madhya Pradesh, the second-largest state in the country. Nicknamed as the &ldquo;heart of India&rdquo; due

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SoftBank Chief Masayoshi Son Counts Big On Two Of Its Biggest Indian Investments, Flipkart And Paytm

The biggest late-stage investor to Indian startups SoftBank is counting big on its largest investments in India, precisely on Flipkart, and Paytm. &ldquo;Flipkart, India&rsquo;s number one e-r

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Chennai Based Hospitality Startup Freshup Raises $1.5 Mn Funding From Lotus Global Investments

Chennai-based hospitality startup FreshUp has raised $1.5 Mn seed funding from Singapore-based Lotus Global Investments. With the $1.5 Mn funding, Freshup is now planning to strengthen its pre

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Government Asks Automotive Companies To Expedite Electric Vehicle Manufacturing In India; To Come Up With EV Policy Soon

The Indian government has further pushed the Indian automotive companies to expedite the electric vehicle manufacturing in the country. As per reports, the government is studying global market

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Cab Aggregator Ola Teams Up With Microsoft To Build A Futuristic Connected Vehicle Platform

Homegrown cab aggregator Ola has announced a strategic partnership with tech giant Microsoft to develop a new connected vehicle platform for car markers. As part of the newly-forged alliance,

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Hyperlocal Search Engine JustDial Reports 26.5% YoY Rise In Net Profit For Q2 FY 18

Mumbai-based hyperlocal search engine JustDial has announced its financial and operating results for the fiscal quarter ending on September 30, 2017. As per the filings, the company saw a net

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Digital Wallet Paytm Announces Integration Of BHIM UPI; Prepares To Double User Base In Two Years

While Indian banks are gearing up to align their digital payment solutions under the umbrella of BHIM, Paytm has announced the integration of BHIM UPI on its platform today. The move, sources

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HDFC Bank Launches Startup Fund With Initial Corpus Of $30 Mn

The country&rsquo;s second-largest private-sector bank, HDFC Bank, is in process of launching a fund for startups. With an initial corpus of $25 Mn-$30 Mn, the startup fund is aimed at helping

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Flipkart Pilots Online Groceries Category Under ‘Supermart’ In Bengaluru

As news of Amazon India delaying its entry in the food retail circled the ecosystem, Flipkart has taken yet another step to bolster its presence in the online grocery segment. The ecommerce un

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Valic Marks Down Flipkart Valuation To $7.9 Bn Despite Massive Fund Raise In Last Quarter

Mutual fund investor Valic Co. has marked down the valuation Flipkart to $7.9 Bn, months after the ecommerce behemoth raised nearly $3 Bn in funds from SoftBank, Tencent, eBay and Microsoft.</

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Govt. To Grant Incentives To Cities For Faster Adoption Of Electric Vehicles Under FAME India Scheme

In another push towards faster adoption of electric vehicles, the Government of India is preparing to offer incentives to cities with population more than 1 Mn. The initiative, which is part o

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Punit Soni On His Mantra For Developing A Cutting Edge Tech Product And His Foray Into Healthtech With Robin

Punit Soni, ex Chief Product Officer of Flipkart and current CEO of healthtech startup Robin, is someone who has traversed with equal ease both the Indian and the Silicon Valley startup ecosys

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Cryptocurrency This Week: India May Ban Cryptocurrency, Bitcoin Hits $7,450, CME Group To Launch Bitcoin Futures, And More

In an upcoming movie &lsquo;Justice League&rsquo;, Flash asks Batman, &ldquo;What are your superpowers again?&rdquo; Batman responds, &ldquo;I&rsquo;m rich.&rdquo; With leading cryptocurrency

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Sheila Nevins: The HBO Producer Who Dawned The Era Of The Human Experience

&ldquo;I felt that there could be a performance in every man, that every man could perform his life or his situation or his trauma or his successes or his failure,&rdquo; Sheila said. <

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Quora India Country Manager Gautam Shewakramani On How Quora Aims To Serve Its Second Largest Market

Gautam Shewakramani recently took over as the country manager for Quora India. With over 200 Mn unique visitors visiting the Q&amp;A platform that empowers people to share and grow the world&r

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Amazon India Sellers Protests Against The Ecommerce Player’s Weak Return Policies

Amazon India seems to be in trouble with its sellers. As per media reports, a 9,000-member strong Amazon India seller&rsquo;s forum has pulled back sponsored ads from the ecommerce portal over

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Indian Tech Startup Funding Report Q3 2017: Evidence Of A Funding Vacuum Despite $3.6 Bn Investment

Those who have witnessed the 2015- H1 2017 era of Indian startup ecosystem, understand the way Indian tech startups have led their way into the mainstream startup funding cycle. While 2015 was

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Quikr To Roll Out On Demand Grocery And Food Delivery Services

Online classified platform Quikr will soon be rolling out on-demand grocery and food delivery service. Quikr plans to make this foray by partnering with neighbourhood stores and restaurants fr

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Global Digital Payments Giant PayPal To Launch Domestic Payment Services In India Next Week

Global digital payments player PayPal is expected to offer domestic payment services in India from next week, as per sources close to the development. With its new service in India, PayPal is

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Paytm Challenges WhatsApp To A Duel, Launches In App Messaging Service Paytm Inbox

Competition between Paytm and Facebook-owned WhatsApp just got fiercer. To counter WhatsApp&rsquo;s much-awaited entry into the Indian digital payments space, Paytm has launched its instant me

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Elearning Platform Meritnation Secures $5.8 Mn Funding From Naukri.Com Owner, Info Edge

Delhi-based elearning platform Meritnation has raised $5.8 Mn (INR 38 Cr) from online classifieds platform Info Edge, which runs job portal Naukri.com, real estate site 99acres and Jeevansaath

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Ixigo Launches Virtual Travel Currency For Travel Bookings

Gurugram-based travel search marketplace, ixigo, has launched a virtual travel currency to enable users to initiate payments and transactions while travelling. As per the offici

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Online Travel Portal MakeMyTrip Posts Net Loss Of $62.3 Mn For Q2 2017-18 On Account Of Increasing Expenses

Online travel firm MakeMyTrip posted net losses of $62.3 Mn for the quarter ended September 30, 2017. The online travel company had posted a net loss of $39.5 Mn for the corresponding period o

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After Amazon Hitting Back At Indiatech, Now Uber India Head Amit Jain Asserts Uber Is As Indian As Any Local Player

Taking a cue from Amazon India Head Amit Agarwal who stated in a media interview recently that Amazon is as Indian as any other startup, it&rsquo;s now Uber India head Amit Jain to proclaim th

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B2B, Advanced Tech Startups Leading Growth Of Indian Startup Ecosystem: NASSCOM-Zinnov Report

India continues its momentum of being one of the most vibrant landscape for startups, strengthening its position as the third largest startup ecosystem across the world. As per the 2017 editio

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Online Food Retail Dream Of Ecommerce Giant Amazon Hits Another Snag

Ever since Amazon received DIPP&rsquo;s nod for a $500 Mn investment in July 2017, there has been a lot of buzz about the ecommerce behemoth&rsquo;s entry into the country&rsquo;s online food

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Drones Soon To Be Used For Ecommerce Deliveries In India: Civil Aviation Ministry

The Civil Aviation Ministry announced on Wednesday that India could soon witness the use of drones for commercial purposes such as the delivery of ecommerce packages to customers doorsteps.</d

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Key Takeaways From BIGShift Kolkata: Investors And Enablers On The Challenges Of Starting Up

Kolkata &ndash; the City of Joy that breeds artists, writers and visionaries. Home to nearly 5 Mn people, the erstwhile capital of India has a quaint old-world charm that draws people in, insp

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Flipkart Owned PhonePe Launches Bluetooth Enabled POS Device To Woo Offline Merchants

Bengaluru-based Flipkart owned fintech firm PhonePe has taken yet another step to expand its presence in the offline payments segment. PhonePay has launched Point of Sale aka POS device to ser

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Are Foodtech Rivals Zomato And Swiggy Gearing Up For A Merger?

Two of the biggest players in the Indian foodtech space, Zomato and Swiggy, are reportedly in talks about a potential merger. According to sources, Bengaluru-based Swiggy has proposed a stock-

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Google’s Very First India Cloud Platform Goes Live In Mumbai

Search engine giant Google has opened its first cloud platform region in Mumbai to enable customers to develop efficient applications and store data on the cloud. The company first announced p

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HDFC Bank Launches Its First Ever SmartUp Zone In Bengaluru

After launching SmartUp, a dedicated banking solution for startups in March 2016, HDFC Bank has extended its SmartUp Zones initiative to Bengaluru. As the name suggests, SmartUp Zones are dedi

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Ola Parent ANI Technologies Fuels $7.7 Mn In Cab Leasing Arm, Ola Fleet Technologies

Ola&rsquo;s wholly-owned cab leasing subsidiary, Ola Fleet Technologies, has raised $7.7 Mn (INR 50 Cr) from its parent company, ANI Technologies Pvt. Ltd. As per filings with the Ministry of

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Foodtech Startup FreshMenu Opens First Offline Outlet; Sets Sight On 2x Revenue Growth In FY18

Foodtech startup FreshMenu has opened its first front-facing kitchen at Bengaluru airport as it targets 2x revenue growth this fiscal year. As per reports, the first offline restaurant at Kemp

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Online Grocery Startup Bigbasket Raises $8.02 Mn Funding To Take On Rival Grofers

In a bid to compete efficiently with Grofers, online marketplace grocery delivery, the inventory-led firm BigBasket has raised $8.02 Mn (INR 52 Cr) in funding from four of its existing investo

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Snapdeal Initiates Legal Action Against Quickdel Logistics; Sends A Legal Notice

The legal battle between Anand Rai&rsquo;s logistics firm Quickdel Logistics and ecommerce company Snapdeal seems to be getting more fiercer with every passing day. In response to the recently

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Banks To Bring Their UPI Enabled Digital Payment Apps Under The Umbrella Of BHIM

As an additional boost to the growing population of the Unified Payments Interface (UPI), Indian banks, both public and private, are gearing up to align their digital payment solutions under t

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Y Combinator Partner Gustaf Alstromer On YC’s India Plans, How Startups Can Growth Hack, And More

Silicon Valley accelerator-investor Y Combinator (YC) recently conducted second chapter of its Office Hours in three Indian cities i.e. Delhi, Mumbai and Bengaluru. Three partners Gustaf Alstr

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With 7.5 Mn Tez App Downloads, Google Is Eyeing To Lead India’s $500 Bn Digital Payment Industry By 2020

Riding high on cash back and reward offers, Google&rsquo;s Tez, a UPI-based digital payment app has registered almost 7.5 Mn downloads in the 40 days since its launch, informed the company CEO

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Electric Vehicles Race Continues: Govt. Invites Bids On Chargers; Telangana Creates Draft Policy On EVs

With the first phase of the electric vehicles tender slated for November, the Government of India has reportedly invited snap bids for EV chargers to ensure adequate charging infrastructure fo

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Flipkart Signs Strategic Partnership Deal With Decathlon To Tap Sports And Fitness Industry

Ecommerce giant Flipkart has inked a strategic partnership deal with Decathlon, a sporting goods company that specialises in sports equipment, fitness products, clothing, footwear and accessor

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DIPP Extends Funding Support To 75 Startups Under Fund Of Funds Initiative

The Department of Industrial Policy and Promotion (DIPP), India has already extended its funding support to 75 startups under its &lsquo;Fund of funds&rsquo; initiative. Aimed to equip emergin

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Ashok Leyland Commits $77 Mn To Electric Vehicles; Maruti Suzuki To Manufacture EVs

Rivaling Mahindra and Mahindra, currently the sole electric vehicle maker in the country, Maruti Suzuki India has announced plans to foray into the EV space. In a related development, Ashok Le

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Fintech Startup Olly Credit Picks Up Funding From Incubate Fund And A Clutch Of Angel Investors

Delhi-based Olly Credit, a fintech startup that offers micro credit cards, has raised an undisclosed amount of funding in Seed round of funding led by Incubate Fund. Former Kotak Mahindra Asse

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Amit Agarwal Hits Back At Lobby Group Indiatech, Says Amazon India Is As Indian As Any Other Indian Startup

While the lobby group Indiatech is busy snapping up biggies like SoftBank on its side to advocate for the interests of Indian startups against issues such as capital dumping by foreign firms,

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With 21 Startups In Portfolio, Anthill Ventures Is Now Placing Bet On Future Lifestyle And Enterprise Startups With The New $25 Mn Fund

&ldquo;We will build new ships to carry man forward into the universe, to gain a new foothold on the moon and to prepare for new journeys to the worlds beyond our own&rdquo;. The startup inves

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No Deal: OYO Zo Rooms Acquisition Deal Never Happened, Confirms OYO

Finally, after more than a year of speculation, some clarity has emerged on the acquisition deal between OYO and ZO Rooms. In an official statement, OYO has confirmed that it is no longer invo

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Saas Unicorn Zoho Launches Agile Project Management Software Zoho Sprints

SaaS unicorn Zoho has launched Zoho Sprints, an agile project management solution which encourages teams to work iteratively and incrementally, over short periods of time, to quickly release p

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Legaltech Startup SpotDraft Raises $550K Seed Funding From Hunch Ventures, 500 Startups, Others

Gurugram-based legaltech startup SpotDraft has raised $550K (INR 3.5 Cr) n a Seed funding round led by VC firm Hunch Ventures. The other investors that participated in the round include Japan-

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With Amazon Key And Cloud Cam Amazon Will Deliver Packages Inside Customer’s Homes In Their Absence

When it comes to innovating the delivery experience, Amazon is leaving no stone unturned. The world&rsquo;s largest ecommerce and third largest retail company Amazon has launched a new service

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State Run Oil And Gas Companies Pledge $49 Mn Innovation Fund For Energy Startups

In a bid to foster innovation and disruptions in the technologically challenged oil and gas industry, a number of state-run oil firms have joined hands to launch an innovation fund to support

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Bot Mitigation Startup ShieldSquare Raises Series A Funding From Endiya Partners And RPG Ventures

Bengaluru-based bot mitigation and management startup ShieldSquare has raised an undisclosed amount of Series A funding in a round led by Endiya Partners and RPG Ventures. Anthill Ventures and

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Jyoti Bansal Announces Startup Studio BIG Labs With $50 Mn Funding; Invests $20 Mn In Harness.Io With Menlo

Seven months after Jyoti Bansal sold AppDynamics to Cisco for $3.7 Bn, he is back with another venture-startup studio Bansal Innovation Group (BIG) Labs. In Bansal&rsquo;s words, BIG Labs is f

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SME Lending Startup ZipLoan Sweeps $3 Mn Series A Funding From Matrix Partners And Existing Investors

Delhi-based SME lending platform, ZipLoan, has raised $3 Mn Series A funding from Matrix Partners India. The round also saw the participation of the fintech startup&rsquo;s existing investors,

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Paytm Mall To Reopen Lawsuit Against Snapdeal Owned Unicommerce: COO Amit Sinha

Less than two weeks after withdrawing its case against Unicommerce, Paytm seems to be back at it again. As stated by COO Amit Sinha in a recent interaction, the digital wallet-owned online mar

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Ecommerce Players Flipkart, Amazon Slash Investments In Their Flagship Marketplaces In FY2016-17

In a bid to emerge as the ecommerce market leader in India, Amazon has been pumping in more money in its marketplace as compared to rival Flipkart. However, both of them slashed investments in

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Online Grocery Startup Bigbasket Raises $5 Mn From Helion Ventures; Grofers Fills Its Bucket With $14.7 Mn

Bengaluru-based online grocery startup Bigbasket has raised $5 Mn (INR 32.65 Cr) from Helion Ventures Partners. This comes at a time when rival Grofers India has pumped in $14.7 Mn (INR 96 Cr)

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Elearning Startup Toppr Raises $6.92 Mn Series B Funding From SAIF Partners, Helion, FIL

Mumbai-based personalised elearning solutions provider and online test preparation platform, Toppr has raised $6.92 Mn (INR 45 Cr) in its Series B funding, led by its existing investors SAIF P

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Pune-Based Bharati Robotics Raises Undisclosed Funding From Existing Investors

Pune-based cleaning and material handling equipment maker Bharati Robotics has raised an undisclosed amount of funding from its existing investors &ndash; Society For Innovation and Entreprene

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Organic Juice Startup Raw Pressery Raises $6 Mn From Sequoia, Saama Capital And DSG Consumer Partners

Mumbai-based Rakyan Beverages, the parent firm behind packed juice brand Raw Pressery, has secured $6 Mn (INR 40 Cr) from existing investors Sequoia Capital, Saama Capital and DSG Consumer Par

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Meet The 20 Startups Selected For Axilor Winter 2017 Accelerator Cohort

Bengaluru-based early-stage venture capital firm and accelerator Axilor has shortlisted 20 startups for the Winter 2017 accelerator programme. &nbsp; Founded by e

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Flipkart Embarks On Acquisition Spree; Holds Talks With Swiggy, UrbanLadder And UrbanClap

Even after beating Amazon in the first sale of this festive season, homegrown ecommerce giant Flipkart refuses to back down from its unwavering mission to emerge as the champion. To bolster it

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IndoSpace to raise $550 million for third fund, bets on e-commerce boom

Five months after selling a significant chunk of its logistics assets to Canada Pension Plan Investment Board (CPPIB), industrial real estate investor IndoSpace is raising $550 million for its

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VC Firm Omnivore Partners To Make The Final Close Of $90 Mn Fund By January 2018

New Delhi-based VC firm Omnivore Partners is expected to close the remaining half of the $90 Mn fund by the end of January 2018. With this fund, the VC firm aims to invest in 20 agritech and r

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App-Only Lending Fintech Startup CASHe Raises $3.07 Mn In Debt From IFMR Capital

Aeries Financial Technologies Pvt. Ltd, that owns the app-only lending platform CASHe, has raised about $3.07 Mn (INR 20 Cr) in debt funding from IFMR Capital in its NBFC company, Bhanix Finan

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Flipkart’s Binny Bansal Is Now On The Board Of Logistics Startup BlackBuck

Logistics startup BlackBuck has onboarded Flipkart founder and group chief executive Binny Bansal on its board of directors, as per a report by VCCircle. The report quoted an undisclosed sourc

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Parking Discovery Startup ParkEasy Raises Pre-Seed Funding From Dutch Accelerator Rockstart

Machine learning based parking discovery startup Park Easy, better known via its Android app Peazy, has secured a pre-seed funding from Dutch Accelerator Rockstart. The amount is said to be ar

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Digital Payment Companies To Meet RBI As They Fear New PPI Guidelines May Impact Mobile Wallets

Last week, the Reserve Bank of India (RBI)&nbsp; announced revised Prepaid Payment Instruments (PPI) guidelines on the issuance and operation of PPIs and stricter Know Your Customer (KYC) norm

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Grab Raises $700 Mn Debt Facilities; Partners With SMRT To Build Southeast Asia’s Largest Car Rental Fleet

Catering to Southeast Asia, on-demand transportation and mobile payments platform Grab Inc has recently secured up to US$700 Mn in debt financing from unnamed global and regional banks. The co

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Cryptocurrency This Week: Russia Unveils CryptoRuble, Bitcoin Hits $6K Mark, And More

Have you ever wondered what makes Bitcoin, a popular and cool currency among today&rsquo;s youth? While it seems like volatility keeps the craze up, being decentralised and unregulated currenc

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Amazon Bolsters Digital Payments Arm, Amazon Pay, With $40 Mn Investment

Amazon has reportedly pumped $40 Mn (INR 260 Cr) into its digital payments arm, Amazon Pay. The move, aimed at tackling competition from rivals Paytm and Flipkart-owned PhonePe, comes only thr

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Income Tax Dept. Launches Online Chat Service To Answer Queries Of Taxpayers

The Income Tax Department of the Government of India has recently announced the launch of an online chat service to make the process of filing income tax returns easier and less complicated. T

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Sale In Distress: Snapdeal In Talks To Offload Logistics Arm Vulcan Express, May Sale Off To AllCargo For $4.6 Mn

Once again Snapdeal has started gaining media attention. Currently in the phase of building Snapdeal 2.0, as expected there is nothing positive so far for the Gurugram-based ecommerce firm. Afte

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Post $70 Mn Series C Funding, Logistics Firm BlackBuck Raises Venture Debt Of $23.05 Mn From InnoVen Capital

Bengaluru-based logistics firm BlackBuck has raised $23.05 Mn (INR 50 Cr) in a venture debt funding from InnoVen Capital. The company will use the newly raised funds to expand its service offe

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Flipkart In Talks With Kishore Biyani To Buy 8-10% Stake In Future Lifestyle Fashions

In a move that suggests how online retail and offline retail are merging to combat dwindling margins, Flipkart has begun exploratory discussions with Kishore Biyani to pick up an 8%-10% stake

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Reliance Retail Likely To Be The Biggest Ecommerce Competitor To Flipkart And Amazon: Mohandas Pai

While today&rsquo;s ecommerce battles are being fought largely between Flipkart and Amazon, Reliance Retail will likely pose the biggest competitor for top ecommerce players next year as per i

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Online Financial Marketplace BankBazaar Raises $30 Mn In Series D Funding From Experian

Chennai-based online financial marketplace BankBazaar has raised $30 Mn in a funding round led by credit rating agency and information management company Experian. The funds will be used to fu

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Ready To Cook Foodtech Startup Fingerlix Raises $7 Mn From Accel Partners, Zephyr Peacock

Ready-to-cook foodtech startup Fingerlix has reportedly raised $7 Mn (INR 45 Cr) from venture capital firm, Accel Partners. Existing backer Zephyr Peacock also participated in the startup&rsqu

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IAMAI Collaborates With Napino To Launch Incubator Programme For IoT Startups

In a move geared towards bolstering the emerging Internet of Things (IoT) ecosystem in the country, the Internet and Mobile Association of India (IAMAI) has recently announced the launch of a

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Another Man Down: CFO Of Ecommerce Platform Snapdeal, Anup Vikal, Calls It Quits

Just over two months after merger talks with Flipkart fell through, beleaguered ecommerce platform Snapdeal has hit another snag. The company&rsquo;s Chief Financial Officer (CFO) Anup Vikal h

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Flipkart again beats Amazon in festive season sale

Flipkart clinched the crown again at the annual ecommerce festive season stakes, increasing its lead over Amazon India in a market where total sales are estimated to have surged by up to 40 pe

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InnoVen Capital disburses Rs 173 cr in second quarter

InnoVen Capital, India&#39;s largest venture debt provider, has closed transactions estimated a $26 million (about Rs 173 crore) in the second-quarter of the current fiscal, the Temasek-backed

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Gyanendra Badgaiyan To Head Lobby Group Indiatech Launched By Flipkart, Ola, Others

Former Indian Administrative Service (IAS) officer and economist Gyanendra Badgaiyan has been roped in as the CEO of Indiatech.org, the think-tank and lobby group set up by home grown Internet

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After Losing Out To Flipkart During Festive Sale, Amazon Fuels $250 Mn In Amazon Seller Services

Just over three months after pouring $260 Mn (INR 1,680 Cr) into Amazon Seller Services, ecommerce behemoth Amazon has infused another $250 Mn (INR 1,620 Cr) in the India-based seller operatio

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Ecommerce Firm Flipkart Eyes Strategic Partnership With Online Ticketing Platform BookMyShow

Ecommerce company Flipkart is reportedly looking to forge a strategic partnership with online ticketing platform, BookMyShow. The move, according to sources, is aimed at developing an integrat

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9 Months, 3.5K Contracts: How LegalTech Startup SpotDraft Is Using AI To Bring In The Tech In Legal

&ldquo;Ultimately lawyers are like programmers, only difference being, they code/write in legal language, which in most cases is English,&rdquo; says Shashank Bijapur, co-founder of AI driven

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Betting Big On B2B: Why Blume Ventures Has Onboarded IBM Veteran Radhesh Kanumury To Spearhead Its Enterprise Innovation Efforts

Blume Ventures has been a big proponent of B2B startups. Now it is taking a step further to deepen its engagement in the B2B space with the appointment of Radhesh Kanumury as Venture Advisor.

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German Carpooling App Wunder Enters India To Solve The Problem Of Urban Mobility

The German carpooling app Wunder has forayed in India and has recently launched a revamped version of its global app in line with the urban mobility needs of the Indian community. The app ente

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Exclusive: GHV Accelerator Backs Foodtech Startup Sattviko And Retail Store Design Firm Glue Design

GHV Accelerator has led an undisclosed amount of funding in two startups, Sattviko and Glue Design. &nbsp; Sattviko is a Delhi-based foodtech startup which recent

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The RBI Is Looking To Formulate A Cryptocurrency Policy: Sources

The Reserve Bank of India is reportedly in the process of preparing a policy on the use of cryptocurrency in the country. This comes at a time when the price of Bitcoin, one of the most popula

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UPI App PhonePe Receives Another Funding Boost; Flipkart Commits Investment Of $500 Mn

Flipkart is furiously allocating funds to its logistics and digital payments subsidiaries in a race to the top spot against ecommerce major Amazon India. After the massive $460 Mn funding to E

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Healthcare Startup StanPlus Raises $1.1 Mn In Seed Funding From Kstart Capital, Others

Hyderabad based healthcare startup StanPlus, which provides medical transportation, has raised $1.1 Mn in Seed funding for a minority stake led by Kstart (Kalaari Capital&rsquo;s Seed Fund). T

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Google Secretly Launches Domain Registrar Service, Google Domains, In India

In a bid to bolster its presence in India, search engine giant Google has stealthily launched its web domain registrar service in the country. Dubbed as Google Domains, the service, which will

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Exclusive: Hyderabad Based Edtech Startup UCLID Raises Seed Funding From US-Based Investors

Hyderabad-based edtech startup UCLID EduLabs Pvt Ltd has raised a Seed funding round of $235K from a bunch of US-based investors at a valuation of over $1 Mn. UCLID is currently running in the

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Paytm Withdraws Case Against Unicommerce Over Alleged Data Misuse

Unicommerce eSolutions Pvt. Ltd, the technology solutions arm of online retailer Snapdeal, which had been engaged in a legal battle with Paytm since last April over alleged data misuse stated

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India Post Payments Bank Working On Launching 650 Branches To Facilitate Financial Inclusion

The Indian Government is working on setting up 650 India Post Payments Bank and gearing up to facilitate financial inclusion through all of 155K post offices, as per Minister for Communication

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Why Payment Solutions Firm Paynear Is Acquiring GoSwiff, A Startup 8X Its Size?

The digital payments space in India is turning in new surprises regularly. In the latest one, Hyderabad-based payment and customer retention solution provider, Paynear has announced the acquis

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Yuvraj Singh Backed Restaurant Reservation Platform EazyDiner Picks Up $4.5 Mn From Saama Capital, Others

Gurugram-based online restaurant reservation platform EazyDiner has raised $4.5 Mn (INR 30 Cr) in a Series B funding round led by existing investors, including Saama Capital and DSG Consumer P

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Ola Confirms $1.1 Bn Funding Round From Tencent, Existing Investor Softbank And Others

Cab aggregator Ola has finally confirmed $1.1 Bn funding round led by Tencent Holdings Limited nearly eight days after reports of the fundraise first surfaced. Existing investor Softbank,&nbsp

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Fintech Major Mastercard Launches Its First Innovation Centre In India

Amid increasing number of payment portals and fintech startups in India, US-based fintech company Mastercard has announced the launch of its global research and development arm Mastercard Labs

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Flipkart Allocates $460 Mn To Logistics Arm Ekart For Strategic Investments

Flipkart Group has given a go-ahead to its logistics arm Ekart for investments, acquisitions, and inter-corporate loans. The ecommerce unicorn has allocated $460 Mn (INR 3000 Cr) to Ekart for

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Mahindra & Mahindra In Talks With Ford Motor To Build An Electric Sedan

The country&rsquo;s sole electric vehicle manufacturer Mahindra and Mahindra (M&amp;M) is reportedly looking to join hands with Ford Motor to build a new electric sedan. The move is geared tow

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BigBasket Raises $839K In Funding From Trifecta Venture Debt Fund

Bengaluru-based online grocer BigBasket has raised $839 K(INR5.5 Cr)from its existing investor Trifecta venture debt fund. As per recent filings with the registrar of companies (RoC), Supermar

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AI And Deep Learning Firm ParallelDots Secures $1.4 Mn Funding From Multipoint Capital

Gurugram-based AI and deep learning solutions provider ParallelDots has raised $1.4 Mn in an additional funding round from Multipoint Capital, a U.S. based investment firm. This follows Multip

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After BSNL, MobiKwik Partners With Bajaj Finance To Launch Bajaj Finserv Digital Wallet

Less than two months after MobiKwik developed a wallet for state-owned telecom company Bharat Sanchar Nigam Limited (BSNL), the Gurugram-based digital payments company has announced a similar

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RBI Orders Ecommerce Players To Settle Seller Payments Within Two Days

In response to the All India Online Vendors Association&rsquo;s recent complaint regarding late payments by ecommerce companies, the Reserve Bank of India has ordered online marketplaces to fo

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Home Decor And Furnishings Startup MyGubbi Raises $2.5 Mn Pre Series A Funding

Bengaluru-based home decor and furnishings startup MyGubbi has secured $2.5 Mn Pre-Series A funding in a round led by the family office of Firoze Irani. The round also saw participation from e

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Amazon Files Patent To Introduce Drones In India For Delivery

In order to use drones to handle its delivery operations, ecommerce giant Amazon Inc has filed a patent application in India for exclusive rights on multi-scale fiducials. Fiducials are black

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Jio Payments Bank, A JV Of Reliance And SBI, To Commence Operations In December: Sources

Jio Payments Bank, a joint venture between Reliance Industries Ltd (RIL) and SBI, is gearing up to commence operations by December this year. The Mukesh Ambani-owned conglomerate originally sc

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Y Combinator Witnesses A Spike In Applications From Indian Startups This Year

Silicon Valley accelerator Y Combinator has witnessed the entry of 18 Indian startups for its two batches in 2017. This is more than the aggregate of 12 between 2011 and 2016. The winter 2017

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Trai to meet telcos on international termination rates

Trai to meet telcos on international termination rates Trai will come out with a separate regulation on the international termination charges, currently pegged at 53 paise per m

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RBI Releases Guidelines For P2P Lending; Levies Restrictions On Lenders And Borrowers

After over a year of deliberations and discussions, the RBI has finally released the official guidelines for non-banking financial companies (NBFCs) engaged in P2P lending in the country. In a

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GoJavas Sends $45.8 Mn Legal Notice To Snapdeal, Accuses Snapdeal Of Siphoning Money

Failed merger talks, valuation drop, downsizing and now a legal notice. Beleaguered ecommerce player Snapdeal has been floundering in setbacks and losses this past year. The latest blow to the

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MobiKwik to spend Rs 80 crore on marketing, promotion in 6 months

Digital payments firm MobiKwik plans to invest Rs 60-80 crore on marketing and promotions in the next six months as it looks to drive transaction volumes on its platform and get more consumers

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Google Xprize Panel Recognises Team Indus' Lunar Mission Readiness

India&rsquo;s first aerospace startup Team Indus has successfully showcased its various prep-milestones to the Google Xprize Judges&rsquo; Panel during their five-day visit to the Team Indus F

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YouTube Opens Up India’s First Pop-Up Space In Hyderabad For Video Content Creators

YouTube has launched its first ever pop-up space in Hyderabad to support the community of video content creators in India. The company confirmed the development via a recent tweet. It plans to

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P2P Car Sharing Platform Drivezy Raises $10Mn Funding, Announces ICO To Build P2P Sharing Marketplace

P2P car and bike sharing platform Drivezy has raised $10 Mn in a part equity and part debt funding. The equity investment totalling $5 Mn has been made by American and Japanese investors, incl

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Blume Ventures Backed Fintech Startup SlicePay Adds International Investors To Its Board; Raises $2 Mn In Series A Funding

Bengaluru-based fintech startup SlicePay has raised $2 Mn as part of its ongoing Series A funding round. The investment was led by Japan-based Das Capital, Simile Ventures from Russia and few

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Project Fairplay: Foodtech Unicorn Zomato Launches New Features To Put An End To Malpractices

Bribery and blackmail, Zomato writes in a blog post, are two malpractices that are becoming increasingly common in the online restaurant search and food delivery segment. To solve these proble

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Sensex bounces 130 points, banking shares jump

The 30-share index rebounded by 130.10 points, or 0.41 per cent, to 31,722.13. Mumbai: The benchmark Sensex surged over 130 points in the opening session on Friday, shaking off

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Nestle Consolidating Distribution Centres After GST

Nestle India Ltd. is looking to consolidate its logistics and supply chain as the new uniform nationwide tax obviates the need to have multiple centres. &nbsp; &l

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BASF India Jumps Most In Over 2 Years After Emkay Rates New ‘Buy’

Emkay Global initiated coverage on BASF India Ltd. with a &#39;Buy&#39; rating, backed by a ramp-up in its new capacity utilisation, consolidation of niche business, and settlement of technica

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KPO, Financial Services To Drive Hiring In Next 6 Months

India&rsquo;s job market is poised for a minor recovery in the next six months, led by knowledge process outsourcing, financial services, health &amp; pharmaceuticals, said staffing firm TeamL

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Digital Wallet MobiKwik Relaunches Its Payment Gateway; Eyes $5 Bn Worth Transactions By 2018

Digital Wallet major MobiKwik has relaunched its payment gateway Zaakpay as MobiKwik Payment Gateway. The vision is to simplify payment systems in India and support new businesses with customi

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Flipkart ESOP Repurchase Plan: Buyback To Take Place At $85.2 Per Unit

A day after the ecommerce unicorn&rsquo;s board approved a $100 Mn ESOP repurchase plan, Flipkart has confirmed that the repurchase of stock options will take place at $85.2 (INR 5,561) per un

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Bang On: Amazon Finally Brings Amazon Echo And Alexa To India; Prime Music Coming Soon

Amazon has finally launched its most awaited product of the year &ndash; a smart, wireless speaker, Echo powered by its AI enabled virtual assistant Alexa in India. Amazon Echo will be availab

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Cab Aggregator Uber Prepares For $1.25 Bn Investment From Softbank As Ex CEO Travis Kalanick’s Hold In The Company Diminishes

Global cab aggregator Uber is reportedly on its way to raising massive funding from Japanese investment giant, Softbank. The board of the beleaguered company recently voted in favour of the pr

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Paytm Payments Bank Reports Losses Of $4.6 Mn

Between August 2016 and March 2017, Paytm Payments Bank reported losses of around $4.6 Mn (INR 30.7 Cr). According to its MCA filings, the firm saw a turnover of $378K (INR 2.47 Cr) during the

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Karnataka Government To Commit $6.1 Mn For An Artificial Intelligence And Data Science Hub

In a bid to accelerate the development of artificial intelligence and data science related technologies, the Karnataka government is looking to invest $6.1 Mn (INR 40 Cr) for the construction

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Cab Aggregator Ola Bolsters War Chest Against Rival Uber With $2 Bn Funding From Tencent, Softbank, Others

Bengaluru-headquartered cab aggregator Ola has reportedly raised $2 Bn in a fresh funding round led by the investment arm of Chinese Internet giant, Tencent. Existing investor, Softbank Group

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Foodtech Unicorn Zomato Waives Off Table Reservation Fees For Restaurant Partners Globally

In what can only be called a miraculous comeback after a rough year marred by layoffs, valuation markdowns and losses, foodtech unicorn Zomato recently hit profitability in all of the 24 count

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Online Hotel Booking Platform Yatra Deepens Inventory Through Partnership With OYO

Gurugram-headquartered online travel and hotel booking company Yatra Online, Inc. has partnered with budget hotel booking marketplace OYO to expand its total hotel inventory to over 70,000 hot

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How Alternative Lending Startups Will Slay The Lending Paradigms Of Traditional Banks

Manish Chawla is a 27-year-old management consultant whose credit score sucks. Despite being quite well compensated, his low credit score is primarily because of a small loan he took 4-5 years

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FoodTech Startup Yumist Shuts Down; Blames High Burn And Failure To Raise Funds

Gurugram-based foodtech startup Yumist has shutdown its operations. Founded by former Zomato official, Alok Jain, along with restaurateur Abhimanyu Maheshwari in November 2014, Yumist, served

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Flipkart Fuels Logistics Arm Ekart With $98 Mn Funding From Group Firm Klick2Shop

The logistics arm of Flipkart Group, Ekart has received about $98 Mn (INR 641 Cr) funding. The investment has been led by another Flipkart Group firm, the Singapore based Klick2Shop Logistics

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DIPP To Rank States On Basis Of The Success Of Their Startup Policies; Invites Feedback From Ecosystem Stakeholders

The Department of Industrial Policy and Promotion, DIPP is now inviting feedback from startup ecosystem stakeholders to rank the states and union territories on the basis of the success achiev

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Comprehensive List Of Venture Capital Funds Managed By SIDBI That Have Catalysed More Than 500 MSMEs And Startups

SIDBI, the apex financial institution in the country for the MSME sector has, so far, contributed to the corpus of 88 venture capital funds which have catalysed the investment of more than $87

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10 Content Marketing Tactics For Your Startup Blog

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Bombardier Inks $1.7 Billion Deal With SpiceJet For 50 Jets

Canadian aircraft maker Bombardier signed a pact with budget carrier SpiceJet Ltd. for selling up to 50 turboprop jets valued at $1.7 billion. &nbsp; &quot;We are

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Reliance's buyback option on latest iPhones may boost Apple's India presence

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Ericsson in enhancement meetings with Indian telcos to ink 5G

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FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

New Delhi: Sovereign wealth funds and other long term foreign portfolio investors (FPIs) can buy up to Rs 9,500 crore worth corporate debt in infrastructure sector, markets regu

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Indian Energy Exchange IPO opens on Oct 9; to raise Rs 1,001 cr

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FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

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Zomato Invests In Hyderabad Based FoodTech Startup TinMen

In a recent blog post, Zomato founder and CEO Deepinder Goyal state that Zomato has invested in Hyderabad-based foodtech startup, TinMen. Post this investment, Zomato and TinMen

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From Expanding To 100 Cities To Disbursing $46.2 Mn Credit Line By FY18: Consumer Lending Startup MoneyTap Is Shooting For The Stars

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NDTV Board Agrees To Sell Ecommerce Portal Fifth Gear To AutoByte

Media house NDTV has confirmed that its shareholders have approved the sale of its automobile ecommerce firm Fifth Gear Ventures Limited to Autobyte Private Limited.The reports of the sale cam

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Racing For The First Private Mission To The Moon: Google Lunar XPRIZE Contestant TeamIndus Releases Anthem #HarIndianKaMoonshot

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Amazon Raking In Local Allies: After Adding Dabur And Shoppers Stop, Forms JV With Ashok Patni Group For Customer Service

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Simple, Successful Marketing Strategies For Entrepreneurs On A Budget

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Dabur Partners With Amazon To Launch Ecommerce Portal For Ayurveda Products

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How Design Inspiration Created The New Great Wave Of Designers

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ItzCash Parent Ebix Acquires Paul Merchants International Remittance Business For $ 40.7 Mn

ItzCash parent, US-based Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) Business of Paul Merchants Limited, PML. The $40.7 Mn acquisition was done throu

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Travel Nonstop With Electric Cars: Tesla Is Building A New Battery Swapping Robot That Changes A Battery In 15 Minutes

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Job Creation? How About Filling 20 Lakh-Plus Vacant Government Posts?

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Tata Sons investors approve private tag for company; setback for Mistry

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India may pump in Rs 50,000-crore stimulus

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GST Sparks Cost Escalation Fears For Renewable Energy Sector

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Yatra Goes The Venture Debt Way, Gets $15.4 Mn From Innoven Capital

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Is Aditya Birla Group’s Online Fashion Venture Abof.Com Heading For A Shutdown?

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Swiggy Eyes Expansion Of Cloud Kitchen Business In A Push Against Zomato

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Cadsys (India) IPO opens on Thursday

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Education Catalyst Fund raises $ 20 million funding

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How B2B Startup Moglix Is Using Tech To Automate Supply Chain For 200+ Enterprises, 100K SMEs In Manufacturing Industry

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East Ventures Launches Indonesia Focused $30 Mn Fund

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Freshworks Launches Freshchat, Messaging Software For Sales And Customer Engagement

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Airtel Payments Bank Announces UPI Integration; Promises Safe, Instant Digital Payments

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Digital Marketing Startup ICubesWire Launches $3 Mn Innovation Fund For Early Stage Tech Startups

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Stayzilla Saga: NCLT Orders Insolvency Proceedings Against Homestay Aggregator

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Tata Group And Tesco JV Trent To Revamp Its Online Grocery Platform

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Finance Ministry To Launch Google’s UPI Enabled Mobile Payments App Tez In India

Google&rsquo;s much awaited UPI enabled mobile payments app is finally debuting in India and will be officially launched by the Finance Minister Arun Jaitley in the capital today. The news was

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Zomato Claims To Be Profitable, Introduces Zero Commission For Partner Restaurants

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With Its Userbase In 103 Countries Already, Consumer SaaS Startup Typset Gains $850K Funding

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Zarget’s Unit Economics Shows Why Acquisition By Freshworks Was Their Last Ditch Effort

&ldquo;We had never thought of an early exit. We had more than 75% of our funding still left in the bank and more than 36 months runway. So exit was the last thing we had in mind, it just happ

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Counting India And Africa As Key Target Markets, Recruitment Tech Startup Shortlist Raises $1 Mn Funding

Mumbai-headquartered talent management and recruitment startup Shortlist has secured $1 Mn in Seed funding from the US-based private equity firm University Ventures and Indian angel investor S

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Infosys Senior VP Rajagopalan quits; LinkedIn profile says 'free man'

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India Likely To Be Third Largest Economy By 2028: HSBC Report

India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British broker

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HPCL Says Consolidation With ONGC’s Refining Arm Makes Sense

Government-owned refiner Hindustan Petroleum Corporation Ltd. is open to consolidation with the Mangalore Refinery and Petrochemicals Ltd. after it completes its merger with state-run explorer

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Nifty hits record high

Nifty hits an all-time high on Monday with financial and auto stocks such as Bank of Baroda Ltd and Bajaj Auto Ltd among the top gainers. &nbsp; The broader index

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Forex reserves on BoP basis jump by $11.4 billion in Q1

Mumbai: The forex reserves on the balance of payment basis rose by USD 11.4 billion in the April-June quarter of fiscal 2018, compared to USD 7 billion in the year-ago quarter, according to th

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Flipkart Avails $58.7 Mn Credit Line From Axis Bank To Maintain Steady Cashflow

According to RoC filings, Axis Bank has extended about $58.7 Mn (INR 375 Cr) working capital credit line to Flipkart India Pvt. Ltd. The filings also show that the company had p

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With A Target To Raise $4.83 Bn, Karnataka Becomes First State To Roll Out Electric Vehicle And Energy Storage Policy

The Karnataka state government, in its efforts to become the Electric Vehicle Capital Of India, has approved the state&rsquo;s Electric Vehicle and Energy Storage Policy 2017. The initiative i

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Maruti Suzuki Commits $600 Mn For A New Electric Vehicle Manufacturing Factory In Gujarat

A lot has been happening in the country&rsquo;s electric vehicle space. Tata Motors is looking to revamp Nano as an EV, in a bid to boost sales. Mahindra Group, on the other hand, is preparing

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After 11 Years Of Bootstrapping Fintech Firm HighRadius Raises $50 Mn To Fuel Its Global Expansion Plans

AI-based fintech firm HighRadius, which provides cloud-based Integrated Receivables software, has raised $50 Mn in a growth funding. The investment was led by US-based PE firm Susquehanna Grow

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Kerala Plans To Launch A $78 Mn Fund Of Funds Via KSUM To Support Startups

The Kerala government is looking to create a fund of funds for startups. The government is also planning to invite investors to back young companies based in the state. Saji Gopinath, Chief Ex

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OYO Gets $10 Mn From Chinese Hotel Franchisor China Lodging Group

Just a week after raising $250 Mn in a Series D funding round led by SoftBank, budget hotel booking marketplace OYO has raised $10 Mn from China Lodging Group Limited. The Gurug

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Netherland Based Venture Fund Rising Stars, Others Back Edtech Startup XPrep

Delhi-based edtech platform XPrep has raised an undisclosed amount of funding from Netherland-based venture fund Rising Stars. The round also saw participation from Manish Amin (co-founder &am

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Lodha Group Launches Palava Accelerator In Association With Zone Startups India

Real estate firm Lodha Group, in association with Mumbai based Zone Startups India (ZSI), has launched the Palava Accelerator. The programme will provide a testing ground to emerging technolog

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Hindalco plans to prepay Rs 1,100 crore debt this month

Mumbai: Hindalco Industries, an Aditya Birla Group company, plans to prepay another Rs 1,100-crore debt this month to further deleverage its balance sheet. &nbsp;

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Centre makes Rs 1.6 trillion more on fuel

Hyderabad: Despite crude oil prices falling internationally, the Centre has collected over Rs 1.6 lakh crore (Rs 1.6 trillion) in additional excise duty last year, a study of fuel consumption

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Edtech Startup Unacademy Raises $11.5 Mn In Series B Funding Led By Sequoia India, SAIF Partners

Bengaluru-based edtech startup Unacademy has raised $11.5 Mn in its Series B round of funding led by Sequoia India and SAIF Partners. Existing investors and angels including Nexus Venture Part

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Early Stage Investment Firm Kae Capital Closes Second VC Fund At $53 Mn; Looks To Back Non-Tech Consumer Startups

Mumbai-based early stage investment firm Kae Capital has reportedly closed its second VC fund at $53 Mn, a 32.5% increase from the estimated $40 Mn. According to sources, around 40% of the fun

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Zomato Acquires Runnr To Boost Food Delivery

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Uber Launches Uber India Support Centre In Bengaluru, And Accidental Insurance For Its Driver-Partners

One of the leading cab aggregator platforms, Uber India, today, launched 15,000sqft Uber India support centre at WTR, Bengaluru, the city where it first started with its operations in India. I

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Banking On Millennials And Video, Zilingo Lands $17 Mn In Series B Funding To Capture Southeast Asia's Fashion Market

Southeast Asian fashion marketplace Zilingo has raised $17 Mn in Series B funding round. The investment was led by Sequoia Capital India &amp; Burda Principal Investments. &nbsp

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India's Most Viral Content Marketing Site WittyFeed Raises Pre Series A Funding From Anand Chandrasekaran, Others

Content marketing platform WittyFeed has raised an undisclosed amount of funding in a Pre Series A round from a group of &nbsp;marquee investors including Anand Chandrasekaran, former Snapdeal

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Mobile Parking Startup Get My Parking Secures $3 Mn In Series A Funding From IAN, Others

Cloud-based mobile parking startup Get My Parking has secured Series A funding of $3 Mn. The investment in Delhi and Bengaluru headquartered startup was led by IAN Fund, BEENEXT and Indian Ang

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Accelerator Group Launches $25 Mn Fund For Women Entrepreneurs At TiE Global's AIRSWEEE

In order to uplift women&rsquo;s entrepreneurial spirit in India, Accelerator Group LLC an investment banking and knowledge services firm with offices in US and India has announced a $25 Mn ea

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2500 Indians Invest In Bitcoins Daily: Blockchain President Nic Cary

Software platform for cryptocurrency Blockchain has entered the Indian market, in partnership with Unocoin. The partnership will allow individuals in India to seamlessly and quickly fund their

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Can Amazon Tap The Next Billion With The India Launch Of Echo And Alexa This Diwali?

The next billion Internet users are going to be very different from the first billion, pointed out a Wall Street Journal story earlier this month. They almost portend the end of typing given t

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Ecom Express Gets $30 Mn From Warburg Pincus To Bolster Logistics

Delhi-based logistics solution provider Ecom Express has raised $30 Mn (INR 192 Cr) from existing investor Warburg Pincus. &nbsp; The investment was done through

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EarlySalary Gets $782K Debt Financing From IFMR Capital

Pune-based fintech startup EarlySalary has raised $782K debt financing from IFMR Capital. Earlier this year in May 2017, EarlySalary had raised $4 Mn Series A funding from IDG Ventures India (

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Glacial pace of revamping PSBs worrisome: RBI

MUMBAI, SEPTEMBER 7: &nbsp; The glacial pace at which the restoration of public sector bank health is happening is worrisome, according to Viral Acharya, Deputy Governor, Reserv

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Morgan Stanley hints at big money flow

Mumbai: With equity mutual funds schemes raking in a record inflows in August 2017 and other sources of institutional funds such as National Pension Scheme (NPS) and Employees Provi-dent Fund

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SEBI reduces fine on PACL to ₹2,423 crore

MUMBAI, SEPTEMBER 7: &nbsp; SEBI on Thursday reduced its fine on PACL and its promoters by 66 per cent to ₹2,423 crore, but even this sum represents the highest penalty slapped

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OYO raises $250 m from SoftBank

MUMBAI, SEPTEMBER 7: &nbsp; Hospitality company OYO has raised $250 million (₹1,600 crore) in a fresh financing round led by SoftBank. &nbsp; Exist

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BSNL expects to roll out 5G service trials by March 2018

New Delhi: The state-owned telecom firm BSNL expects to start field trial of 5G services by the end of this financial year, company&#39;s chairman and MD Anupam Shrivastava said on Wednesday.<

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Transition of Fino to payments bank has been smooth, says MD

MUMBAI, SEPTEMBER 6: &nbsp; It has been a little less than two months since the launch of Fino Payments Bank and Rishi Gupta, the bank&rsquo;s Managing Director and CEO, sounds

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Reliance Ind acquires Kemrock in auction-sale by banks

MUMBAI, SEPTEMBER 6: &nbsp; Billionaire Mukesh Ambani&rsquo;s Reliance Industries has bought over distressed bank assets of Vadodara-based Kemrock Industries and Exports Ltd, a

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Volkswagen is bringing back the microbus in 2022 - here's what we know

The new microbus is part of Volkswagen&#39;s goal to release 30 electric or hybrid vehicle models by 2025, an aim made in response to the Volkswagen emissions scandal. Volkswagen has said it w

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Government Selects 60 Startup Proposals To Support Through $15.5 Mn North East Venture Fund

The Indian government is looking to encourage entrepreneurship in the Northeast region. A recent report stated that the North East Venture Fund offered by the Ministry of Development of North-

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Mazkara Internet Acquires BazingaLabs To Bolster Fabogo

Pune-based consumer internet startup Mazkara Internet has acquired Mumbai-based BazingaLabs. The move was in a bid to increase the company&rsquo;s focus on mobile technology, especially for it

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Online Printing Platform Printo Acquires Delhi Based Rival The Print Bazaar

Bengaluru-based printing retail startup Printo has reportedly acquired Delhi-based rival Print Retail India in an all-stock deal. Print Retail India owns and operates The Print Bazaar. Post-ac

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PNB Housing Finance to raise up to Rs 1,000 cr via bonds

New Delhi: PNB Housing Finance plans to raise up to Rs 1,000 crore by issuing bonds on a private placement basis. &nbsp; The company will issue secured redeemable

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Mercedes expects govt support on taxation to boost production,

Chennai: Flagging concerns over the proposed hike in GST on luxury cars, German auto-maker Mercedes Benz has said it was eager to increase its output and headcount from the country if the gove

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Finance Ministry writes to heads of PSU banks on consolidation

New Delhi: The finance ministry has written letters to all heads of PSU lenders informing them the government&#39;s decision to set up a ministerial panel to facilitate consolidation in the pu

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Equity MFs fare slightly better than indices

Mumbai: While the equity-oriented mutual fund schemes have managed to outperform their benchmark indices over the past one year, the margin of outperformance is just marginal in the range of 1

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Markets shake off slow GDP growth; Sensex rises 71 points

Mumbai: The benchmark BSE Sensex gained over 71 points to 31,801.80 in early trade on continued buying by domestic institutional investors despite weak economic growth data for the June quarte

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McDonald's not for settlement with Bakshi; NCLAT issues notices

Mumbai: US-based fast food major McDonald&#39;s on Wednesday ruled out any settlement with its estranged Indian partner Vikram Bakshi for north and east regions before the National Company Law

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Edtech startup Kings Learning raises $2.5M from Michael & Susan Dell Foundation, others

Bengaluru-based Kings Learning on Thursday announced that it has raised $2.5 million from Michael and Susan Dell Foundation, Village Capital, along with other US-based tech investors. <

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DSG Consumer Partners Announces Final Close Of Second VC Fund At $50 Mn

Early-stage venture capital firm DSG Consumer Partners (DSGCP) has announced the infusion of an additional $10 Mn (INR 63 Cr) in its second VC fund, DSGCP II, which backs consumer startups in

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Fintech Valley Vizag Launches Accelerator, Blockchain Conference

Andhra Pradesh government&rsquo;s FinTech Valley Vizag, a sustainable global fintech ecosystem, has partnered with KPMG to develop a high potential fintech ecosystem in Vizag. With this partne

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Ola Partners With YuppTV; Looks To Integrate Live TV In Its Entertainment Platform Ola Play

Home-bred cab aggregator Ola has joined hands with TV streaming app YuppTV to offer live TV options to users on its in-car entertainment platform, Ola Play. As a result of the partnership, Ola

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Tech30 startup Oriano Solar all set to power 120 MWp of projects, sees $25M revenue

They were Oriano Solar had made it to the much-anticipated list of Tech30 companies at TechSparks 2016 because of the founder-trio&rsquo;s fierce commitment to solar energy even when the odds

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FinTech In Spotlight: OMA Emirates Group Announces $23 Mn Fund For Indian FinTech Startups

OMA Emirates Group has announced the creation of the OMA Emirates FinTech Fund. &nbsp;The OMA Emirates Fintech Fund will have a corpus of $23 Mn. The fund looks to first focus on digital payme

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SaaS Based Business Software Provider Freshworks Acquires Zarget

SaaS based business software provider Freshworks has made its ninth acquisition in two years with marketing software startup, Zarget. Chennai-based Zarget, a software developer that provides m

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Restaurant Solutions Provider Mobikon Raises $7 Mn Series B Funding From Sistema Asia Fund, Others

Restaurant solutions provider Mobikon has raised $7 Mn in a Series B funding round led by Sistema Asia Fund, C31 Ventures and Qualgro. The Series B funding round also saw participation from ex

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JSW Steel in talks with Cevital to acquire mill for $100 mn

New Delhi: Sajjan Jindal-owned JSW Steel is in talks with Algeria&#39;s Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, a source said on Monday. &nb

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DIPP clarifies 25 per cent restriction on sales by e-commerce players

New Delhi: E-commerce players like Flipkart and Amazon will not be allowed to market more than 25 per cent of its annual sales coming from one vendor, the government on Monday clarified.

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Smartron bets on a made-in-India story with AI-powered TronX

Karan Chougule, a retail manager in Mumbai, works in a retail store of a large conglomerate. He has a new device to toy around with. As Chougule walks through an aisle of the store with his Sm

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Sensex adds to gains in cautious trade, Infosys rallies

Mumbai: Stock indices closed almost flat on Thursday with gains for the third straight session, with domestic investors providing crucial support. &nbsp; The rise

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RBI to bring back all new Rs 1,000 note: reports

Mumbai: After rolling out new Rs 200 and Rs 50 notes, the Reserve Bank will soon be re-introducing the Rs 1,000 note that was demonetized in 2016. &nbsp; Accordin

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Matrix Partners and Tiger Global-backed Razorpay takes the pain out of digital payments

Circa 2013. E-commerce was coming of age in India. But accepting payments online was still not easy. Registering with payment gateways took months. Technical integration at the merchant&rsquo;

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New edition of consolidated FDI policy report to come out soon

New Delhi: The Commerce and Industry Ministry will soon release the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year, a senior offici

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Air India puts key properties for sale, aims to net at least Rs 500 crore

Mumbai: Air India has put up for sale as many as 27 flats besides several residential and commercial land plots as well as office buildings across the country as part of its snail-paced asset

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LIC trims stake in Tata Global Beverages to 5.67 per cent

New Delhi: State-owned Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent by selling 2.03 stake in open market.

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Asia Index launches S&P BSE Bharat 22 index

Mumbai: Asia Index Private Ltd on Tuesday announced the launch of S&amp;P BSE Bharat 22 Index to track the performance of select state-run companies in which the central government has diveste

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Focus on small businesses to drive manufacturing: Mahindra

Mumbai: Asserting that domestic manufacturing has not lost its mojo, business leader Anand Mahindra has said &quot;a new round of boom is upon us,&quot; and sought increased public policy focu

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14 B2B startups make it to Microsoft Accelerator’s 11th cohort

Banking on India&rsquo;s entrepreneurial energy, the tech giant aims to help late-stage startups enhance their enterprise readiness and go-to-market (GTM) activities. &nbsp;</di

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Tata Motors took unanimous decision to stop Nano: Cyrus Mistry

New Delhi: Ousted Tata Sons chairman Cyrus Mistry on Tuesday said Tata Motors had taken a unanimous decision to discontinue production of loss-making Nano almost a year back, which however con

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HDFC Bank launches all-in-one DigiPoS machines

Mumbai: HDFC Bank, the largest merchant payment acquirer with over 40 per cent market share, on Tuesday launched an all-in-one offering, DigiPoS Machine, that offers a complete suite of digita

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SBI chief says mergers can reduce PSBs' need for govt capital

Mumbai: State Bank chairman Arundhati Bhattacharya on Wednesday called for more consolidation among the public sector banks, saying this could reduce their dependence on government for capital

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PPA renegotiation by state discoms to impact RE sector: ICRA

Mumbai: The recent attempts by the state discoms in Andhra Pradesh, Karnataka and Uttar Pradesh to renegotiate or cancel signed PPAs with wind and solar power developers are likely to have an

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Essar Group says non-compete clause with Rosneft only for 3yrs

Mumbai: The Russian oil giant Rosneft, which on Monday completed a USD 12.9 billion takeover of Essar Oil along with a consortium of investors, said the transaction involves a non-compete clau

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Capital Float raises $45M in Series C, takes total funds raised in the past year to $112M

On Monday, Bengaluru-based Capital Float announced that it had raised $45 million (Rs 293 crore) in Series-C funding, in a round led by Silicon Valley-based Ribbit Capital, along with particip

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Traders who accept payment via BHIM to get cashback till March 31

New Delhi: The government has extended till March a cash back scheme that offers incentives of up to Rs 1,000 to merchants for accepting payments through the BHIM application. &

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Honda Cars gets green nod for Rs 1,577-crore expansion project

New Delhi: Honda Cars has received the environment clearance for a Rs 1,577-crore expansion project at its Tapukara plant in Rajasthan. &nbsp; Honda Cars India Lt

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HomeLane aims to break even in 6 months with cost control and better unit economics

The Bengaluru-based home solutions provider has taken the offline marketing and the franchise model route, among other measures, to drive better unit economics and profitability.

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Outsized ambition: connecting financial services clients with right experts for faster growth

This Mumbai-based boutique consulting firm helps companies in emerging markets improve their performance by scoping out their projects and finding the best experts for them&nbsp;

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PM Narendra Modi meets startup entrepreneurs, here is what the objective was

When Prime Minister Narendra Modi met over 200 entrepreneurs of start-ups on Thursday, only ideas were exchanged. The obejective: To see how technology could be better used to deliver services

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Tech Mahindra Has The Highest Pay Gap Among Nifty Companies

The gap between salaries of the top-most executive and the average employee is the highest at information technology firm Tech Mahindra Ltd. and the least for state-run miner Coal India.

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HDFC Bank cuts savings account interest rate by 0.5 per cent

New Delhi: Private sector lender HDFC Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits up to Rs 50 lakh. However, the bank will continue t

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Sony not to hike price post GST

Kolkata: Electronics major Sony India on Thursday said it was not considering hike in prices of its products post GST to retain its growth momentum. &nbsp; &quot;

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Cogoport bets on customer centricity to disrupt the logistics industry

The Mumbai-based online logistics platform uses a complex algorithm to throw up the best ocean and air freight rates for customers, which allows them to compare prices and book shipments as we

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Singles take heart: Without much hassle, ZiffyHomes will help you find a decent place to live

When I ask him what he aspired to be while growing up, Patna-born Sanchal Ranjan says, &ldquo;Coming from a middle-class family there was always this aspiration to do well in studies and event

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FinMin warns state-run GIs on mounting group mediclaim losses

Mumbai: The finance ministry has come down heavily on the state-owned general insurers for running their group health insurance business in perennial losses.&nbsp; &nbsp;

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Trai proposes changes in MNP rules to curb request rejection

New Delhi: To curb rejection of mobile number portability requests, telecom regulator Trai on Wednesday proposed to enhance roll of MNP clearing house which will have all the details of subscr

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4 IIT-Kanpur graduates start Pariksha to help students ace the placement test

Campus placements, written tests, interviews, they all add up to a testing time for students until they have a job offer in hand. Those who have been through the placement grind know what it t

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Cuberoot is helping companies leverage the power of data to fast-track business growth

Six years ago, Flipkart began a wonderful journey. Its engineers began building their own cloud-based systems and indigenous applications. They also built a customer insights technology that e

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BSNL seeks 2-year extension for mobile licence validity

New Delhi: After MTNL, state-owned Bharat Sanchar Nigam Ltd (BSNL) has written to the government to extend the validity of its cellular licence and spectrum for two more years till 2022, accor

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Winners of #BuildOnIndiaStack to get mentorship from Nandan Nilekani

On Monday, #BuildOnIndiaStack, a recently launched venture-pitch competition announced &lsquo;Think Time&rsquo;, a mentorship session with technology evangelist, Nandan Nilekani.

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LyncBiz wants to be the bridge that links Indian startups to the world

A decade ago, multibillion-dollar Japanese automaker Nissan Motor Company came to India through a master franchisee, which studied the market on behalf of the company and set up the entire dea

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CCI rejects complaint against Tata Housing Development

New Delhi: The Competition Commission has dismissed allegations of abuse of dominant position against realty firm Tata Housing Development Co Ltd (THDCL) with regard to sale of a flat in Pune.

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HMSI to pump in Rs 1,600 crore this fiscal to expand operations

New Delhi: Honda Motorcycle &amp; Scooter India (HMSI) aims to invest Rs 1,600 crore during the current fiscal as it looks to introduce new models and expand operations. &nbsp;<

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Much UDo about everything: App offers an expert-backed answer to every question

Hyderabad-based UDo invites people to seek real-time solutions from experts instead of turning to a search engine. With 9,000 downloads, the startup is eyeing revenues of $6 million by 2019.</

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Electrocraft Industries is helping SMEs manufacture better with quality components

Mumbai-based manufacturing startup helps small businesses stay on top of their game by innovating with superior components such as precision machine parts, power press tools and special purpos

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How Kalyani Studio is creating a new segment within the design and engineering industry

There was one thing 27-year-old Viraj Kalyani was always absolutely certain of &ndash; starting up. Viraj, the Executive Director of Kalyani Forge, is the nephew of Baba Kalyani, Chairman and

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This two-minute video reminds women that their dreams are worth pursuing

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Get debit card for just Rs 99 with Kotak Mahindra's new offer

New Delhi: Private sector Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance

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Amazon takes Titan to the US as part of Global Selling programme

Amazon India has announced a partnership with Titan watches, helping the latter foray into the US through its Global Selling programme. With this development, Titan will be available

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IRDAI working with govt to create a simple platform for KYC

Mumbai: Insurance Regulatory and Development Authority of India (IRDAI) on Monday said though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is

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DGCA meets air operators to discuss upcoming ICAO audit

Mumbai: The officials of the Directorate General of Civil Aviation (DGCA) on Monday held a meeting with air operators here to discuss their preparedness for the ICAO audit scheduled to be held

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From Mazkara to Fabogo, glam-tech startup bets high on organic user acquisition

Glam-tech startup Mazkara was launched in March 2015 by Prasanjeet Roy and Mohammad Ali Akmal. The beauty and wellness aggregator began operations in Dubai in May 2015 and entered the Indian m

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Flipkart gives financial assistance to employees to pursue passion

E-commerce market leader Flipkart has launched a financial assistance programme to help its employees participate in any national or international challenge pertaining to their field of intere

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12 PSU banks firming plans to raise funds from markets

New Delhi: As many as 12 public sector banks including PNB, Bank of India and Indian Bank have lined up plans for raising funds from markets to shore up their capital base to meet global risk

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Swiss say India's data security laws 'adequate' for auto-sharing banking info

New Delhi/Berne: Switzerland found India&#39;s data security and confidentiality laws &quot;adequate&quot; for entering into an automatic exchange of information pact, which will open a contin

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The Silver Lining: Ensuring health and wellness with holistic healing

The Delhi-based startup provides alternative healing therapies, focusing on mind, body and relationships to ensure overall well-being. &nbsp; From the time he was

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Tech startup Artelus is wielding the power of AI to transform healthcare in India

India is infamous as the diabetes capital of the world. Data from World Health Organisation (WHO) shows that 69.2 million of India&rsquo;s population suffers from diabetes, and patients with d

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ONGC completes Rs 7.7,000 crore acquisition of GSPC

New Delhi: India&#39;s largest oil and gas producer ONGC said today it has completed the Rs 7,738 crore acquisition of 80 per cent stake in Gujarat State Petroleum Corp&#39;s KG basin gas bloc

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MobiKwik raises Rs 225cr from Bajaj Finance to launch its first lending product

On Thursday, One MobiKwik Systems Private Ltd, which owns MobiKwik wallet, announced that it had raised Rs 225 crore from NBFC Bajaj Finance Ltd, for 10.83 percent equity in the company.

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NPCI reaches the landmark of 1 billion monthly transactions in July

The National Payments Corporation of India (NPCI), the umbrella organisation for retail payments systems in the country, reached the landmark of one billion monthly transactions across all its

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Bad loan resolution to start shortly, RBI to take up more

New Delhi: The process of resolution of bad loans will start shortly, Finance Minister Arun Jaitley said on Thursday in the Lok Sabha as it passed a bill which gives RBI the power to direct ba

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Reliance Jio tops TRAI's list as fastest 4G operator

New Delhi: Reliance Jio has topped the charts again as the fastest 4G services provider by registering average download speed of over 18 megabit per second in June, as per data published by te

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AI, machine learning to impact workplace practices in India: Adobe

Over 60 percent of marketers in India believe new-age technologies are going to impact their workplace practices and consider it the next big disruptor in the industry, a new report said on Th

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Tech Sparks 2017: SaaS is now moving to verticals to script success stories across India

Sridhar Vembu, the Co-founder of Zoho, recently shook the world of cloud services with an aggressive pricing of Rs 1,000 per month per person for a suite of apps called ZohoOne. The suite make

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Nifty ends lower post RBI rate cut

Mumbai: Benchmark Nifty dropped 33 points today on fag-end profit booking in banking, FMCG, IT and pharma counters after the RBI cut policy rate by 25 basis points in line with market expectat

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Snapdeal on 'independent path' could mean 500-600 layoffs

New Delhi: Snapdeal may trim its workforce to half from the current 1,200 employees over the next few months as it pursues an &quot;independent&quot; path post calling off merger with bigger r

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How CountMagic is getting SMEs GST-ready and eyeing Rs 100Cr revenue in the next fiscal year

Most of us may have grudgingly gotten acquainted with GST a couple of years ago, but for Rshmi Khetrapal, the Founder of CountMagic, GST has been a familiar term since 2012. She started workin

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B’Glam with this startup from the comfort of home

Rachna Karnad, an engineer from Bengaluru, wants the very best beauty services. Unfortunately she stays outside the business district in the city and does not want to go to the local beauty pa

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Paytm to launch messaging service by August-end to rival WhatsApp

Mumbai: India&#39;s leading digital payments firm Paytm plans to launch a messaging service by the end of this month to compete with Facebook Inc&#39;s WhatsApp, a source familiar with the mat

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Garment exporters can claim refunds at pre-GST rates till Sept

New Delhi: Giving a relief to exporters of garments and made-ups, the government today said as a transitional arrangement for the period July-September 2017, the exporter may claim remission o

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Artivatic is building end-to-end smart AI infrastructure for banks, financial firms

In Koramangala, a youthful suburb in Bengaluru, an eight-member team is working with a couple of banks and insurance companies to verify KYC and product underwriting without human interface.</

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How GoBOLT is using technology to transform B2B logistics

The platform provides all the transportation solutions such as right vehicle selection, route/delivery planning, real-time tracking, reliable documentation and control, reduced transit time to

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Tata Motors CEO Butschek draws Rs 22.55 crore salary in FY17

New Delhi: Tata Motors&#39; CEO and Managing Director Guenter Butschek took home over Rs 22.55-crore salary last fiscal, while other key officials saw their remunerations cut in a year when th

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Flipkart launches private brand ‘Billion’

Flipkart Co-founder and Executive Chairman Sachin Bansal is back in the news after a long hiatus, and the reason for his return is the launch of Flipkart&rsquo;s private brand, christened &lsq

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Rate cut hopes push Sensex, Nifty to record highs

Mumbai, July 13 (IANS) The key domestic equity indices -- S&amp;P BSE Sensex and NSE Nifty -- on Thursday scaled record highs on the back of positive global cues and hopes of an easing of the

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Digital transactions take a sharp dip in June quarter

New Delhi: Following demonetisation, digital transactions witnessed a 4,000 per cent jump in terms of value between November 2016 and April 2017 throughout the country. However, despite the go

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Food price slump hits farmers, makes stronger case for RBI rate-cut

Latur: &nbsp;A nearly 60 percent drop in prices of a popular type of lentil is hurting Indian farmer Sanjay Somwanshi, but it is doing wonders for the country&#39;s inflation - and piling pres

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No more casting couch, Mumbai-based Castiko all set for action

With the coming of the internet, the entertainment industry has made a quantum leap. It has become easy for artistes, musicians, actors et al to produce and distribute their work more efficien

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Bootstrapped FlexiPort aims to help independent professionals find the right jobs

Shivakumar was in a dilemma. The 49-year-old marketing professional was wondering whether he should look at another job shift or take up consultancy. If it was the latter, then there arose a p

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Gold slides Rs 150 on global cues, muted local demand

New Delhi: A day after rallying, gold prices fell by Rs 150 to Rs 29,300 per 10 grams at the bullion market on Friday, tracking a weak trend overseas amid muted demand from local jewellers.</d

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Idea shares tank nearly 6 per cent post disappointing Q1 show

New Delhi: Shares of Idea Cellular on Friday dived by nearly 6 per cent after the company posted a loss of Rs 815.9 crore in the first quarter ended June 30. &nbsp;

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Despite losing 95pc of a year’s business in 72 hours, this fintech firm now caters to Reliance Retail, Titan and INOX

Innoviti Payment Solutions has delivered differentiated solutions for payments automation, consumer credit distribution and SME lending. Top banks such as HDFC, ICICI, Axis, SBI and Citibank u

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With over 1,000 rides a day Tazzobikes vrooms ahead with its unique offerings

How many times have we travelled in a city, and wished we had a bike to explore around. Waiting for cabs or at a bus station to commute from one point to another is definitely a hassle. Exorbi

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Sensex surges 260 points; Nifty above 10,100-level

Mumbai: The benchmark BSE Sensex rallied over 260 points to mark fresh high of 32,642.91 in late morning session following buying spree in financials, banks, realty, auto, IT, FMCG and oil and

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India's coal import declines 8 per cent in Q1 to 53 MT: Govt

New Delhi: India&#39;s coal import in the first quarter of this fiscal declined by 8 per cent to 52.74 million tonnes (MT) over 57.38 MT in the year-ago period. &nbsp; <d

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Ola and Zomato forge partnership to provide integrated services

Ride-hailing startup Ola and food discovery and ordering platform Zomato on Thursday announced a strategic partnership that will allow the two players to offer a range of integrated and exclus

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Amazon’s Jeff Bezos replaces Bill Gates as the world’s richest

Jeff Bezos, CEO of e-commerce giant Amazon, has replaced Microsoft&rsquo;s Bill Gates as the richest person in the world. According to &nbsp;Forbes, Bezos&rsquo; current net worth stands at a

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Nestle Q2 net profit up 9.6 per cent to Rs 263.43 crore

New Delhi: FMCG major Nestle India on July 26 reported an increase of 9.66 per cent in net profit to Rs 263.43 crore for the second quarter ended June 30, 2017 led by volume increase and rebui

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E-retailer Snapdeal's board says yes to Flipkart USD 950 million buyout

Mumbai: Online marketplace Snapdeal has accepted Flipkart&#39;s revised takeover offer of up to USD 950 million, two sources said on Wednesday, providing heft to its bigger rival in a high-sta

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Airtel to roll out VoLTE service across India by March'18

New Delhi: Telecom major Bharti Airtel plans to roll out VoLTE service, that enables phone calls using 4G technology, across India by end of the current financial year, a top official of the c

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Digital marketing solutions startup iCubesWire is giving businesses the edge they need to succeed

Marketing as we knew it 10 years ago no longer exists. The rising use of internet across cities and towns has put digital marketing in the spotlight and revolutionised the way brands and busin

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Vodafone-Idea merger takes Idea shares up by 7 per cent

New Delhi: Shares of Idea Cellular jumped 7 per cent on Tuesday after the Competition Commission approved merger of Vodafone India and the company in a USD 23-billion deal that will create the

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Techies and Tech Mahindra talks unresolved

Hyderabad: There is no breakthrough in talks between techies and Tech Mahindra over alleged forceful terminations in view of High Court hearing into the case. &nbsp; <div

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End-to-end construction project platform QwikSpec addresses on-site challenges

Ajith Alexander, 45, set out on the corporate path as he worked with companies like Cisco, McKinsey and Nakheel Group, but his upbringing in Kottayam, Kerala, always brought back memories of h

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26-year-old Ankit Buti’s StartupED ‘teaches’ students the art of starting up

&ldquo;I am 26 years old, and I aspire to create exponential impact by revolutionising the concept of startup incubation,&rdquo; says Ankit Buti to me at the onset. &nbsp;

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Chandigarh-based YouCare provides trusted care for children and the elderly

The amendment to the Maternity Benefit Bill, which now provides 26 weeks maternity leave, has been highly lauded. Yet the limited access to professional and reliant caregivers means working mo

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End-to-end e-commerce management firm Kreate Konnect helps sellers grow their business

In June 2015, Abhishek Jain and Piyush Jaidev, two friends who had worked in the world of online sales, put together their learnings. They knew the challenges involved in selling online &ndash

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Delhi-based Healthians is trying to solidify its presence in the online diagnostics market

With two successful exits in healthcare information technology and medical tourism, a third endeavour in the same space did not seem out of place to 33-year-old Deepak Sahni. For Deepak, who s

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India likely to clock 7.5 per cent growth this fiscal: Panagariya

&nbsp;India is likely to clock a 7.5 per cent economic growth in the current fiscal, NITI Aayog Vice Chairman Arvind Panagariya has said, even as he acknowledged that creation of &quot;good jo

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Banks release higher loans for education despite non-payment spike

Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals topping Rs 20,000

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After Flipkart, ShopClues launches first exclusive label ‘Home Berry’ in a bid to profitability

Gurgaon-based online marketplace Shopclues launched Home Berry, its first exclusive label of home d&eacute;cor and furnishing today. First in a series of exclusive labels, Home Berry is focuss

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Now Paytm wants to give you cashback in solid gold

On Thursday, Paytm announced that it will now enable customers to get their cashback into their Paytm Gold account. Launched in April this year, Paytm Gold is the payment behemoth&rsquo;s firs

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How agritech startup Truce is helping farmers have a field day and reaping the benefits

It is 5am and 35-year-old Shivkumari is on her way from Malur district to Bengaluru&rsquo;s Agricultural Produce Market Committee (APMC) Yard in Yeshwanthpur. Sitting in a compartment laden wi

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Kotak Mahindra Bank Misses Profit Estimate, Asset Quality Stable

Kotak Mahindra Bank Ltd. reported net interest income in-line with analysts&#39; estimates in the April to June quarter. Asset quality remained stable. &nbsp; Net

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How healthcare fintech startup LetsMD is changing the game for patients and hospitals

Doctors may be saviours, but the modern malaise of hospitals holding patients to ransom can&rsquo;t be treated. We all know someone who submitted to a hospital only because s/he had no idea, t

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PoAncho wants to make India financially literate, aims for Rs 1,000 crore in assets under management

Money, yes; financial literacy, no. A global survey by Standard &amp; Poor&rsquo;s Financial Services LLC (S&amp;P) reveals that India is home to 17.5 percent of the world&rsquo;s population b

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FIIs buy shares worth Rs 450 crore in Reliance Capital

Sumitomo Mitsui Trust Bank of Japan (SMTB) today sold Reliance Capital shares worth USD 70 million (around Rs 450 crore) to foreign investors through open market transaction, sources said.</di

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India International Footwear Fair to be held next month

&nbsp;Footwear brands from across the country will showcase their offerings at the three-day India International Footwear Fair 2017 here, organiser ITPO said. &nbsp; <div

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Air India CMD Ashwani Lohani assures staff their interests will be safeguarded

&nbsp;Air India chief Ashwani Lohani on Tuesday assured employees their interests would be &quot;safeguarded&quot; as he sought to allay concerns over possible layoff following

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Paras Healthcare raises $42M from PE firm Creador’s affiliate

Guragaon-based healthcare provider Paras Healthcare has raised $42 million (Rs 275 crore) through an affiliate of private equity (PE) firm Creador III LP (Creador). The fund will primarily be

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GST switchover: Lack of clarity leads to confusion for consumers

The Goods and Service Tax (GST) was supposed to make 81 percent of the goods cheaper as per Centre&rsquo;s claims. But consumers are belatedly realising that it has robbed them of benefits and

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Financing platform Vayana Network raises $4mn in Series A funding

Pune&rsquo;s technology based third-party B2B trade financing platform Vayana Network has raised $4 million in Series A funding from IDG Ventures and Jungle Ventures. This follows an earlier r

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App-based subscription service MrNeeds delivers essentials like milk and bread to your doorstep every day

Caught in the relentless cycle of work, commute and other responsibilities, more and more urban Indians are turning to online shopping to simplify their life. And it&rsquo;s not just for appar

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IIT-M graduates win over global pharma industry with Innoplexus, an automated analytics firm

Four years ago, a multinational pharma R&amp;D company was worried. Would its research on a drug in the pre-clinical phase be commercially viable in the clinical stage? Would the competition&r

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Sun Telematics’ DRIVE clears roadblocks for fleet managers by optimising transport operations

Sun Telematics&rsquo; DRIVE is a corporate fleet management platform that uses cloud technologies to help vendors and fleet managers optimise their operations and simplifies end-to-end transpo

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With $1M run rate, Nimble Wireless is making IoT monitoring of pets and frozen foods mainstream

A startup providing end-to-end IoT solutions for monitoring remote assets, Nimble Wireless, recently announced that it had crossed $1 million in revenues. Talking to YourStory, Siva Sivakumar,

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Alok Mittal’s Indifi Technologies aims to bridge the $380-billion gap in SME debt financing

A first generation entrepreneur, Alok Mittal spent years traversing India&rsquo;s entrepreneurial ecosystem. An active angel investor, he co-founded Indian Angel Network and is on the board of

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Made-in-India smart TVs help Arjun Bajaj build Daiwa a Rs 10cr business

The year was 2015. Summer rain was falling in Colchester, England, and an entrepreneur in the making was at university in the former capital of Roman England. &nbsp; <div

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Hyderabad-based eSahai’s medical taxis save lives using cloud technology

Ananth Ram hit an unmarked speed breaker at the worst of times: when he was zipping through traffic on his 250cc bike, at 140kmph no less. He was thrown off his motorcycle, his body hurled sev

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Cloud telephony startup Solutions Infini is connecting enterprises and customers

When Aniketh Jain and Ashish Agarwal finished their computer applications course at Sri Bhagwan Mahaveer Jain College in Bangalore in 2009, the world was deep in the throes of recession. Facin

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How Gympik is helping fitness buffs across India find the right health fit

India has woken up to fitness in a big way. The open-air gyms at public parks, multiple yoga sessions at schools and colleges, rise in the sale of fitness bands and growing popularity of Zumba

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Jio reduces validity on Rs 309 plan; unveils new packs

NEW DELHI: Reliance Jio has reduced validity and effective data offered under a revamped Rs 309 plan, and has unveiled two new tariff plans, including one with 84 GB of data for 84 days for Rs

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India's June gold imports spike as buyers tried to beat GST

MUMBAI: India&#39;s gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers and bullion dealers to replenis

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WhatsApp to enter partnership with multiple banks to enable UPI payments

You might soon be able to make payments on WhatsApp thanks to the National Payments Corporation of India (NPCI). The NPCI gave WhatsApp a green signal to enter p

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Government Approves Amazon’s Proposal For FDI In Food

The government approves Amazon&rsquo;s proposed $500 million investment in retailing of food products in India. As per the proposal, the company will open a wholly owned subsidi

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First test of India's new bankruptcy law offers cautionary tale

&nbsp;In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules t

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Feature phone prices set to rise by 50 pc as DoT makes GPS compulsory

New Delhi: Citing consumer safety, especially of women, DoT has rejected handset makers&#39; demand for using alternative technology instead of GPS in low cost mobiles, while the industry warn

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India buys first ever U.S. crude oil, to step up purchases

&nbsp;India, the world&#39;s third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.

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India's AU Small Finance Bank surges on trading debut after $296 million IPO

Shares in India&#39;s AU Small Finance Bank Ltd (AUFI.BO) jumped as much as 52 percent on their market debut after the lender&#39;s 19.13 billion-rupee ($296.4 million) initial public offering

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Anand Mahindra apologises over pink slip to Tech Mahindra techie

Mahindra Group&#39;s Chairman Anand Mahindra today tendered a public apology over the manner in which an employee of Tech Mahindra was asked to quit. &nbsp; Tech

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Finance Minister Arun Jaitley launches 'GST Rates Finder' mobile app

Finance Minister Arun Jaitley has launched a &#39;GST Rates Finder&#39; mobile app using which those who are liable to pay Goods and Services Tax or GST can search for different tax rates.</di

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Exclusive - Cash-strapped Venezuela offers India's ONGC oil stake: sources

Cash-hungry Venezuela has offered Indian oil company ONGC Videsh an increased stake in an oil field, according to two sources close to the proposal, as the country seeks to shore up its bruise

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3-year-old Rubrik copies data in an instant in the cloud, valued at $1bn

The firm raised $180 million recently to take on billion-dollar giants like EMC and Hitachi, among other storage companies. &nbsp; When four technocrats come toge

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GST Impact: Tata Motors Cuts Prices Of Commercial Vehicles By Up To 8%

India&rsquo;s largest automobile company Tata Motors Ltd. on Thursday revised prices for its commercial vehicles, to pass on the benefit of Goods and Services Tax (GST) rates to its customers.

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200 victims of ATM fraud in Bengaluru robbed of over Rs 10 lakh in 1 week

Reports have emerged that 200 victims of an ATM fraud in Bengaluru have lost more than Rs 10 lakh over the last week. The crime was planned for the first week of the month because ATM activity

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Chariot vows to save 70pc of non-revenue water that a city loses every month

Friends Nilay Mehrotra (24), Raj Garg (23), and Siddhant Srivastava (23) were driven by the need to find a solution to the real-life problem of managing non-revenue water. &nbsp

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How 81-year-old Krishna Lal has made a success of her quaint little store celebrating art

Krishna Lal is a living embodiment of the saying &lsquo;age is just a number&rsquo;. Her voice is gentle but energetic as we chat on the phone about her passion for arts and crafts. After reti

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Cross-border payments startup InstaReM raises $13M in new round of funding

On Tuesday, digital cross-border payments company InstaReM announced that it had raised $13 million in funding in an investment round led by GSR Ventures, with participation from SBI-FMO Ventu

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With PhonePe, Flipkart makes a quiet entry into financial services

Sameer Nigam and Rahul Chari, Founders of PhonePe, make their intentions clear as they sit across from me in a meeting room that is curiously named Masala Dosa. (&lsquo;Medu Vada&rsquo; was oc

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Nandan Nilekani, Sanjeev Aggarwal launch a ‘for entrepreneurs, by entrepreneurs’ fund

Infosys co-founder and Aadhaar man Nandan Nilekani has joined hands with former Helion Ventures&rsquo; Co-founder Sanjeev Aggarwal to set up a new advanced-stage fund called the Fundamentum Pa

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Flipkart launches men’s fashion under a private label

E-commerce market leader Flipkart is leaving no stone unturned in its efforts for profitability. Barely two weeks after it launched Divastri&mdash;a private label in women&rsquo;s ethnic wear&

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Microsoft planning cloud-focused sales force reorganisation, layoffs likely

With the aim to increase sales of its cloud-based products over licenses for PC and server software, Microsoft is planning a major reorganisation of its global sales force. &nbs

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Washington tells India Westinghouse could be sold by year end: sources

NEW DELHI (Reuters) - The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, r

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India bonds slump after RBI announces open market bond sale

MUMBAI (Reuters) - Indian government bonds yields rose sharply on Monday after the Reserve Bank of India (RBI) announced an open market sale of debt to remove some of the excess cash left at l

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IT export growth to be lower in 2017-18 at 7-8pc: Nasscom

Hit by global political and economic uncertainties, the Indian IT industry&rsquo;s software exports are projected to grow at 7-8 percent only during this fiscal (2017-18) &mdash; lower than th

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FITPASS raises $1M from Olympic gold medallist Abhinav Bindra

On Thursday, FITPASS, a provider of access passes to gyms and fitness studios, announced that it had raised $1 million in a round led by Olympic gold medallist Abhinav Bindra and his business

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This Chinese VC moved to Bengaluru to co-found an e-com startup that hopes to be India’s Taobao

Mobile phone and home appliance manufacturers, FMCG companies, and fashion brands are making the most of the e-commerce boom in India, but what about the home-based cupcake business next door

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Amazon brings its flagship event ‘Prime Day’ to India

Amazon Prime Day, the flagship event of the world&rsquo;s largest retailer, is being introduced in India next month, with exclusive deals and launches for the Prime customer. Indian Prime memb

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Karnataka government grants Rs 3.18cr to 12 startups in new funding round

They let you know if your bike is being towed or stolen, or who&rsquo;s outside the door even if you are on the other side of the globe, or use a cycle for last mile connectivity from the metr

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After two tranches, Fynd finally closes Series A at $3.4M

Fashion commerce portal Fynd on Wednesday announced that it has raised $3.4 million in a Series A round led by IIFL Seed Ventures. The funding also saw participation by Kae Capital, FJ Labs, S

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DCCBs allowed to deposit demonetised notes with RBI

In a significant move, the government on Tuesday allowed the RBI to accept demonetised notes of Rs 500 and Rs 1,000 received by the District Central Cooperative Banks (DCCBs) during November 1

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Grow Fit announces $4.5M in Series A round led by MEMG and others

Growth Story-backed mobile health company Grow Fit has announced $4.5 million in Series A funding led by MEMG (Manipal Education and Medical Group), the PE arm of the Manipal Group. <di

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Mswipe bags $31M in Series D funding, Axis Bank sells off 8pc stake in firm

Independent point-of-sale (PoS) merchant acquirer and network solutions provider Mswipe on Wednesday announced raising Series D funding of $31 million. UC-RNT fund, a joint venture between Rat

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Commerce Ministry in talks with departments on exporters' GST issues

New Delhi: The commerce ministry today said it is engaged in an inter-departmental consultation to resolve issues of exporters related with Goods and Services Tax (GST). &nbsp;<

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Reliance Defence inks partnership with Serbia's Yugoimport

New Delhi: Anil Ambani Group company Reliance Defence Ammunition has entered a strategic partnership with Serbia&#39;s state-run defence major Yugoimport to manufacture ammuniti

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Data breaches could cost Indian firms Rs 11 crore this year: IBM

New Delhi: Indian companies could lose Rs 11crore to data breaches this year, up 12.3 per cent from last year, a report by tech giant IBM today said. &nbsp; A bre

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Hike becomes first messenger app in India to launch mobile payments

In an endeavour to stay true to its promise of simplifying how people connect and interact with content and services on mobile, Hike Messenger announced the launch of Hike 5.0 on Tuesday in Ne

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Stocks Radar: Crompton Greaves, SpiceJet, Tata Motors

Indian shares climbed for a third day as local technology companies joined their global peers in a rebound rally with investors reverting to risk-on trade. Optimism also rose on the back of th

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Govt launches Startup India Hub to make startups succeed

In its bid to strengthen the startup ecosystem in the country, the government has launched the Startup India Hub, a virtual online platform for all stakeholders of the entrepreneurial ecosyste

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India top exporter of information, computer, telecom services: WIPO

ARUL LOUIS &nbsp;16 JUNE 2017 &nbsp;59 shares &nbsp; &nbsp; The World Intellectual Property Organisation (WIPO) has ranked India as the top global exporter of information, compu

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New policy on electronics, software, data security: Centre

In a bid to give a quantum boost to the Indian electronics and software manufacturing industry, the government is planning a new policy for electronics and software production, as well as for

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NITI Aayog to set up 1,000 more innovation labs this year

The NITI Aayog will set up 1,000 more Atal Tinkering Labs (ATL), meant to foster innovation, in schools across India by the end of this year to take their total number to around 1,500, a senio

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Improve interconnect rate and reduce spectrum usage charge: telcos

Concern over low interconnection usage charges, high spectrum usage fee and doing away with Universal Service Obligation Fund were the main issues that telecom operators highlighted to the int

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Businesses get another opportunity to register on the GST Network from June 28

For existing excise, service tax and VAT assesses, there is another window of opportunity if they have failed to register on the Goods and Services Tax Network (GSTN) after the deadline lapsed

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Japanese firm to take 26 per cent stake in Wheels India's subsidiary

Chennai, June 16 (IANS) Japanese Topy Industries Ltd. will take a 26 per cent stake in WIL Car Wheels Ltd. (WCWL), a wholly owned subsidiary of Wheels India Ltd., said a top official of Wheels

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Micromax Evok Power: Powerful battery but needs to tweak performance

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Rs 50 lakh grant for creating original IP content in gaming, animation

Original intellectual property content in animation and gaming will be eligible for a grant of up to Rs 50 lakh by the Karnataka government, IT and BT Minister Priyank Kharge announced as GAFX

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Gold hits 3-week low as dollar firms

BENGALURU (Reuters) - Gold edged lower on Friday to hit a three-week low and was on track for a second weekly fall, dragged down as upbeat U.S. economic data supported the dollar.

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Millennials selling, buying maximum pre-owned mobile device: Study

Nearly 75 per cent of pre-owned mobile phone buyers and 55 percent of pre-owned mobile phone sellers on leading consumer-to-consumer marketplace OLX are millennials in the age group of 19-29 y

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Hyderabad seals top spot in APAC for realty investment

New Delhi: Led by Hyderabad, six Indian cities including the national capital and Mumbai are among top 10 investment destinations in the realty sector in the Asia Pacific region, owing to grow

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CCI imposes $13.6 million fine on Hyundai Motor's local unit

New Delhi: India&#39;s antitrust watchdog on Wednesday imposed a fine of 870 million rupees ($13.6 million) on South Korean automaker Hyundai Motor Co&#39;s local unit, accusing the company of

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ED files chargesheet against Mallya in Rs 900 crore IDBI-KFA loan case

Mumbai: The ED today filed its first chargesheet against liquor baron Vijay Mallya and eight others in connection with its money laundering probe in the about Rs 900 crore IDBI-KFA bank loan c

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With $12.3M from Sequoia and others, MoneyTap is building credit lines worth Rs 300cr

When industry veteran Bala Parthasarathy along with serial entrepreneurs Kunal Varma and Anuj Kacker thought of building India&rsquo;s first app-based credit line, MoneyTap, the idea was consi

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Telephone subscribers grew by 0.36pc in April: TRAI

The number of telephone subscribers in India increased from 1,194.58 million at the end of March 2017 to 1,198.89 million at the end of April 2017, thereby showing a monthly growth rate of 0.3

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Intel announces Rs 1,100cr investment blueprint for Bengaluru R&D centre

Intel today announced the setting up of its Rs 1,100-crore design and verification centre being built in Bengaluru, the first one outside the US. Karnataka Chief Minister Siddar

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Mutual funds see Rs 41,000 cr outflow in May

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Activist shareholders a risk factor, says Infosys

New Delhi: Infosys has flagged actions by &quot;activist shareholders&quot; as a risk factor, which could potentially require the company to incur significant legal fees and public relations c

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RBI names 12 large NPA accounts for insolvency proceedings

Mumbai: Clamping down on bad loans, the RBI today identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cen

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Telecom subscriber base crosses 1,198 million in April

New Delhi: The telecom subscriber base in the country reached 1,198.89 million in April but growth continued its downward trend in line with slower pace of new customer additions by Reliance J

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Goodera raises $5.5M in Series A round led by NVP and Omidyar Network

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Indian electronics market expected to reach $400B

The demand for electronic products in India is expected to grow at a compound annual growth rate (CAGR) of 41 percent during 2017-20 to reach $400 billion by 2020, a study said on Monday.</div

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Indian youth should use social media to curb child labour: Kailash Satyarthi

Kailash Satyarthi is the 63-year-old Nobel Laureate who shared the 2014 Nobel Prize for Peace with Pakistani education activist Malala Yousafzai. In May 2015, he demanded a complete ban on all

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Industries that petitioned GST Council benefit from latest revision

The Centre has revised downwards the rates of 66 items out of the 133 being considered at Sunday&rsquo;s Goods and Services Tax Council meeting. The prayers of the incense indus

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HAL, Godrej played key roles in launch of India’s heaviest satellite

ISRO launched India&rsquo;s heaviest satellite into space on June 5, 2017. The state-run Hindustan Aeronautics Ltd (HAL) and aerospace arm of Indian multinational Godrej and Boyce played key r

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How Twitter is helping UP government reach out to the people

In line with the Centre&rsquo;s aim to bring transparency in governance, the Yogi Adityanath-led BJP government in Uttar Pradesh has become the first state to ride on the micro-blogging websit

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Farm loan waivers increase risk of fiscal slippages, higher inflation: RBI

Raising its concern on state governments waiving off farm loans, the Reserve Bank of India (RBI) on Wednesday said that such actions increase the risk of slippages and contribute to inflation

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Pay cashless traffic fines on Paytm now

Mobile payment and commerce platform Paytm on Wednesday launched a convenient mode on its platform for payment of traffic fines. The service is currently live in Mumbai, Pune, a

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Reform measures to broaden tax base, cut debt: Moody's

New Delhi: Reform measures undertaken by India will broaden its tax base and help government cut down on debt, but high stressed assets in the banking sector pose contingent liability risks, M

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There was scope for easing: CEA

New Delhi/Mumbai: The RBI&rsquo;s monetary policy committee (MPC) had asserted its autonomy and unanimously turned down the Union finance ministry&rsquo;s invite for a discussion ahead of the

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NRN Murthy of Infosys tells IT honchos to take salary cuts and avoid layoffs

Seeking to allay fears of a slowdown in the Indian IT industry affecting jobs of techies, software major Infosys Co-founder N R Narayana Murthy advised executives to take home less pay and avo

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IPOs, bonus issue, share gifts exempted from capital gains tax

India on Tuesday amended its income tax law to exempt genuine equity investments through initial public offerings (IPOs), bonus or rights issues by a listed company from long-term capital gain

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Meet Sidharth Runwal, the teen who is changing Mumbai’s hygiene scenario

Sidharth Runwal, a Class-XI student, stands out from his peers. While other teenagers spend their time on sports and social media, Sidharth is an agent of difference&mdash;he takes up serious

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This startup is working with top brands and boutiques to make luxury fashion affordable

Aruna R Krishnan and Srigopika Radhakrishnan are an unlikely twosome. Aruna is the editor and publisher of Ritz magazine. Srigopika, with a master&rsquo;s in AI and robotics, is the Director o

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Sensex, Nifty scale new peaks on GST preparedness

Mumbai: The Sensex today ended higher for the second straight session to close at 31,309.49 while the NSE Nifty scaled a new peak of 9,675.10 on sustained buying by domestic institutional inve

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World Bank keeps 2017 global growth forecast at 2.7pc

World Bank on Sunday maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7 percent and 2.9 percent, respectively, as manufacturing and trade are picking up and confidence

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India BI software revenue to hit $245mn in 2017: Gartner

Indian business intelligence (BI) software revenue is forecast to reach $245 million in 2017, a 24.4 percent increase over $206 million revenue last year, market research firm Gartner said on

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Biotech funding round pushes the envelope of tech-based innovation

Karnataka&rsquo;s Idea2POC scheme unearths 26 startups and individuals that are deemed to be capable of creating a deep impact in the lives of the people through tech-based innovation.&nbsp;</

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Promising agility, Skootr offers plug-and-play workspaces to companies

he Gurgaon-based platform&rsquo;s services are pertinent at a time when startups are shutting down, laying off employees and changing business models. &nbsp; Frie

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Jewellery stocks rally on low GST rate

Mumbai: Lower than expected GST rates for gold and jewellery lifted stocks of most players in this industry segment with the stock price of Titan, one of the leading entities, shooting up by n

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ICICI Bank to sell stake in general insurance JV

New Delhi: Private player ICICI Bank today said it will sell a part of its stake in joint-venture firm ICICI Lombard General Insurance Company Ltd through an Initial Public Offer.

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Industry veterans build a platform to help merchants accept payments across UPI apps

Mumbai-based Benow is a digital payments platform that works with local merchants across the city to accept digital payments through BHIM and other UPI apps. &nbsp;

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Koovers brands your local mechanic, brings dealer like service to doorstep

More than 25 million cars have been sold since 2005 and the consumer is looking for an alternative after-sales service to expensive dealership. &nbsp; When Rajesh

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Be U Salons Raises Rs 4 Crore In Seed Funding

&nbsp;Be U Salons, an Asset-Light Tech Enabled Salon Chain, a part of the Delhi-based Gingerpan Swapkart, announced today that it has raised Rs 4 crore (US$600k) from a consortium of investors

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State Bank may opt for QIP

The State Bank of India expects to complete a planned share sale by year-end, probably through a qualified institutional placement (QIP), bank Chairman Arundhati Bhattacharya said on Friday.</

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Odisha registers 114% growth in exports in 2016-17

Bhubaneswar, June 3 (IANS) Odisha performed exceptionally well in exports during 2016-17 by transacting business worth Rs 40,872 crore -- a 114 per cent increase over the previous financial ye

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PSU Banks Plan To Mobilise Rs 58,000 Crore From Capital Markets In FY18

Public sector banks, including State Bank of India, Bank of Baroda and IDBI Bank, plan to raise Rs 58,000 crore through equity dilution during the current fiscal to meet Basel-III norms and cl

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NSE To Launch International Exchange At GIFT City Tomorrow

Leading bourse NSE will launch its international exchange in the Gujarat International Finance Tec-City (GIFT City) on Monday. &nbsp; NSE IFSC Ltd., the global ex

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RBI To Maintain Neutral Policy Stance On June 7: Nomura Says

Notwithstanding the moderating inflationary pressures, the Reserve Bank of India (RBI) is expected to maintain its neutral policy stance at the policy review meet this week, says a Nomura repo

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Reliance Communications shares rise after debt deal with lenders

MUMBAI (Reuters) - Shares in India&#39;s Reliance Communications rose as much as 4.6 percent in early trade on Monday after the debt-laden mobile carrier said it won a seven month reprieve fro

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ICAI proposes joint audit for private banks

The Institute of Chartered Accounts of India (ICAI), the regulatory body governing auditors, has proposed to the finance ministry and the Reserve Bank of India (RBI) the introduction of the co

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IT layoff numbers are exaggerated: Top TCS executive

CHENNAI: As the IT industry battles allegations of mass layoffs, Ravi Viswanathan , president (growth markets), TCS, says the numbers are exaggerated. &quot;Somebody has to take

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Finmin to list possible prices of 2,500 goods in GST regime

NEW DELHI: As part of its efforts to keep prices under check after the introduction of the goods and services tax (GST), the finance ministry is working out the possible price of 2,000-2,500 c

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RCom gets reprieve on its debts until end 2017

MUMBAI (Reuters) - Anil Ambani, chairman of India&#39;s Reliance Communications, said on Friday its lenders had agreed to a plan which gives the company a reprieve on its loans until the end o

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I-T warns against cash dealings of Rs 2 lakh, seeks tip-off

New Delhi: Income Tax department today warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as

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GST Council to meet on June 3 to fix more rates: Meghwal

New Delhi, June 1 (IANS) The Goods and Services Tax (GST) Council will meet again on June 3 to decide on the levy on remaining goods, including gold, footwear and textiles, Minister of State f

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Auto companies post mixed sales figures for May

New Delhi, June 1 (IANS) Automobile companies on Thursday came out with mixed sales figures for last month. &nbsp; According to Angel Broking, the May sales figur

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New features to simplify pension system operation

New Delhi, June 1 (IANS) In a bid to simplify and improve the operational issues in the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) on Thursday

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Baggage tag stamping ends at six airports

New Delhi, June 1 (IANS) The Airports Authority of India (AAI) on Thursday said that the security related procedure to stamp hand baggage tags has been done away with at six airports. <

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Pfizer shares soar over 7 per cent on AstraZeneca deal

New Delhi: Shares of drug firm Pfizer Ltd today surged over 7 per cent after the company entered into a pact with AstraZeneca AB to acquire the &#39;Neksium&#39; brand in India for Rs 75 crore

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Sensex down 75 points on weak macroeconomic data

Mumbai: The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade today as participants trimmed their positions, triggered by lower GDP numbers and cor

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Manufacturing PMI falls to 3-month low in May

New Delhi: Manufacturing sector growth in the country moderated to a three-month low in May amid softer rise in new orders and production, a monthly survey showed today. &nbsp;<

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Narayana Murthy comes up with ways to tackle IT layoffs

Mumbai: Infosys co-founder N R Narayana Murthy has said that it was possible to check rising number of job losses in India&#39;s IT sector provided major players adopted some crucial changes i

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Maruti Suzuki’s Exports Hit A Bump In May

The carmaker&rsquo;s exports drop 36.3 percent, year-on-year, in May It is the sharpest exports drop in 11 months Domestic sales continued to grow at more than 15

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Stocks Radar: Bharti Infratel, MOIL, Reliance Communications, Vadilal Industries

Here are the stocks moving the market this morning &nbsp; Oil Market Companies: Hike In Petrol And Diesel Price &nbsp; Shares of oil

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New one rupee denomination notes to be out soon, old currency notes to remain valid

New Delhi, May 30: The Reserve Bank of India on Tuesday announced that they are soon going to circulate currency notes in one rupee denomination. However, it has been stated that these one rup

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Know how much money SBI will deduct from Bank and ATM withdrawals from June 1

New Delhi, May 31: From June 1, SBI will charge for withdrawal from bank branches and ATMs. The banks will also charge for changing torn and damaged notes from branches. Other financial servic

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India’s economy to grow 7.5% in FY 2017, 7.7% in FY 18: Moody's

NEW DELHI: The Indian economy will grow by 7.5 in fiscal year 2017 and 7.7% in 2018 and growth will gradually accelerate to around 8% over the next three to four years, global ratings agency M

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Deal only with tax-paying firms: Adhia

BENGALURU: Revenue secretary Hasmukh Adhia said tax compliance by companies is not the sole responsibility of the government and urged businesses to deal only with ethical and taxpaying firms.

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RBI, bankers discuss bad loan resolution

MUMBAI: The RBI met on Tuesday heads and senior executives of various banks to discuss the broad contours of tackling the issue of stressed assets. The meeting was attended by heads of ICICI B

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Sensex pauses after record-setting run

REUTERS - Indian shares were largely flat on Tuesday, taking a breather after setting record closes in the previous sessions as investors booked profits in recent outperformers such as ITC Ltd

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India clarifies tax on solar power equipment, parts at 5 per cent

NEW DELHI: India will levy a 5 per cent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about

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RCOM seeks deferment in loan re-payments till Sept

NEW DELHI: Anil Ambani&#39;s Reliance Communications (RCOM) has approached lenders and bond holders to defer loan re-payments till at least September 30 so that it can finalize two deals. RCOM

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With FMCG stocks fillip, equity markets close at new highs

Mumbai, May 29 (IANS) After a day of volatile trading, the Indian equity markets on Monday scaled fresh highs on the back of healthy buying in FMCG sector&#39;s stocks led by Hindustan Unileve

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Direct Benefit Transfer Results In Rs 50,000 Crore Savings, Amit Shah Says

The direct benefit transfer (DBT) programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP

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60 Percent Of Women Directors In NSE 500 Companies Independent

Nearly 60 percent of all women directors on the boards of Nifty 500 companies are independent contrary to the perception that promoters are naming women from within the family to meet the regu

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Reliance Communications shares hit record low on fourth-quarter loss, debt woes

MUMBAI (Reuters) - Shares in mobile carrier Reliance Communications Ltd fell as much as 20 percent to an all-time low on Monday, after it reported a $150 million fourth-quarter loss and worrie

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Top Indian IT cos will lead in digital business

Bengaluru: Amid fears that Indian IT has not kept pace with rapidly evolving technologies, executive search firm Head Hunters today expressed optimism that top firms like TCS and Infosys will

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BSNL plans satellite phone service for all in 2 years

New Delhi: State-run BSNL is planning to extend satellite phone services for all citizens in two years that can work at any corner of the country and remain immune to breakdown of mobile servi

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Patanjali ask govt about 'Achchhe Din' after high GST on ayurveda items

New Delhi: Disappointed over high GST rateon ayurvedic products that provide &quot;care and cure to common man at affordable price&quot;, Baba Ramdev-led Patanjali Ayurved has asked the govern

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Government to hire five banks for up to $993 million IOC share sale

MUMBAI (Reuters) - The government is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3 percent stake sale in Indian Oil Corp (IOC.NS) that could rai

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New Procurement Policy to Promote Manufacturing Growth: FICCI

New Delhi: Industry body FICCI on Wednesday hailed the government&#39;s move to approve a new policy to give preference to local goods and services in public procurement. &quot;

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IDBI Bank plans to raise more capital as part of its turnaround plan

Mumbai: IDBI Bank Ltd on Thursday said it has formulated a comprehensive turnaround strategy to recover loans, check slippages and strengthen its capital base. &nbsp; <di

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Railways to push for Rs 35,000 Cr fund for infra building

New Delhi: Aiming at a major push for infrastructure, the railways will raise Rs 35,000 crore with World Market assistance to create a separate fund for investment in rail sector.

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India again ahead of China, US with USD 62.3 billion FDI inflows in 2016

New Delhi: India retained its numero uno position as (rpt) as the world&#39;s top most greenfield FDI investment destination for the second consecutive year, attracting USD 62.3 billion in 201

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Andhra Pradesh, Gujarat CEZs may offer big-ticket incentives

NEW DELHI: India may offer big-ticket incentives such as zero goods and services tax or a corporate tax holiday to woo multinational companies to the proposed coastal employment zones in Andhr

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Sensex rises, Nifty regains 9,400 level

The benchmark BSE Sensex recovered about 121 points and the Nifty regained the 9,400-mark in early trade on Wednesday on fresh buying by investors amid better-than-expected earnings. <d

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India's electric vehicle push likely to benefit Chinese car makers

NEW DELHI: India&#39;s ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established a

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Sensex down 85 points in early trade on profit booking

Mumbai: The benchmark BSE Sensex fell by 85points while NSE Nifty slumped below the 9,400-mark in early trade today due to profit booking by investors. The 30-share barometer declined by 85.17

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India Inc's foreign investment dips 44 per cent to USD 3.15 bn in April

New Delhi: India Inc&#39;s investment in overseas ventures fell 44 per cent year-on-year to USD 3.15 billion in the first month of the current fiscal. In April 2016, Indian firms had invested

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Tata Sons appoints Saurabh Agrawal as group CFO

One of leading investment bankers, Agrawal will join Tata Sons with effect from July 2017.  &nbsp;Tata Sons chairman N Chandrasekaran. New Delhi:

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Emaar India plans to raise Rs 1,000 cr debt for construction

New Delhi, &nbsp;May 14, Realty major Emaar India plans to raise up to Rs 1,000 crore debt to meet construction expenses as it targets to complete all the ongoing 50 projects over the next two

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For the current financial year, SBI has ₹32,000 crore of loans under its watch list

State Bank of India&rsquo;s net profit rose 123% to ₹2,815 crore for the quarter ended March driven by a healthy growth in net interest income and a lower base. &nbsp; <d

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Grasim Industries posts Q4 net profit at Rs 1,063 cr

New Delhi: Aditya Birla Group firm Grasim Industries today reported a marginal increase in consolidated net profit at Rs 1,063.62 crore for the fourth quarter ended March 31. The comp

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FDI up 9 per cent in FY17 to highest level of $43.48 billion: Govt

New Delhi: Inflow of foreign direct investment (FDI) into India increased by 9 per cent to record level of USD 43.48 billion in 2016-17 on account of reform measures undertaken by the government

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Rupee trades flat at 64.83 in late morning trade

Rupee had on Thursday nosedived by a massive 69 paise, experiencing its worst day in about 10 months. The rupee surrendered most of its early gains and was trading flat at 64.83

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GST Council meeting Day 2: Tax rates of services, gold, biscuits, footwear to be decided today

SRINAGAR: The Goods and Services Tax Council will on Friday take up the crucial issue of taxation of services as also precious metals such as gold.&nbsp; &nbsp; T

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Xiaomi eyes offline sales for growth

New Delhi: Chinese handset maker Xiaomi, which is a leading player in online space is now planning to expand in the offline space too with its speciality stores Mi Homes. Xiaomi will

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Whirlpool Q4 net profit up 7 per cent at Rs 74 crore

New Delhi: Home appliances maker Whirlpool of India today reported a 7.36 per cent increase in net profit at Rs 74.38 crore for the fourth quarter ended March 31, 2017. The company ha

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Sensex scales new peak, Nifty ends above 9,500

Mumbai: Extending its record-breaking run,benchmark Sensex soared to a new lifetime high of 30,582,while the broader Nifty ended above the 9,500-mark for the first time today on prospects of a g

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Jindal Stainless Q4 net profit at Rs 161 crore

New Delhi: Jindal Stainless Ltd (JSL) today reported Rs 161.12 crore net profit for the March quarter of the last fiscal. It had clocked a net loss of Rs 171 crore during the January-March quart

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Sensex, Nifty at record highs: Events that lifted markets

&nbsp; Mumbai: Two weeks back, the Indian stock market had hit 30,000-mark. Once again on Wednesday, the market created record as benchmark indices got past record closi

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Piramal Enterprises stock up nearly 3 per cent after Q4 earnings

New Delhi: Shares of Piramal Enterprises today rose by nearly 3 per cent after the company reported a 61 per cent growth in consolidated net profit for the fourth quarter ended

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Indian equities trade higher, consumer durables stocks surge

Mumbai, April 20 (IANS) Indian equity markets on Thursday traded with positive sentiments on strong buying support witnessed in consumer durables, capital goods and automobile stocks.

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Future Retail announces demerger of home retail business

Mumbai, April 20 (IANS) Future Retail Limited (FRL) on Thursday said its board has approved the segregation of its home retail business into Praxis Home Retail (PHRPL) through demerger.

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Indian equities close higher on strong buying support

Mumbai, April 20 (IANS) Indian equity markets on Thursday provisionally closed in the green on strong buying support witnessed in consumer durables, capital goods and automobile stocks.

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BHIM Inclines high.

New Delhi: Indigenous digital payments app BHIM has recorded close to 20 million downloads so far, NITI Aayog CEO Amitabh Kant on Tuesday said. &quot;We have close to 20 million downloads of BHI

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RBI rate panel maintains hawkish stance, warns of inflation – minutes

MUMBAI (Reuters) - The Reserve Bank of India (RBI)&#39;s monetary policy committee cited upside risks to inflation arising from price pressure excluding food and fuel as the main reason for keep

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HPCL resumes work on Rs 41,000 crore Rajasthan oil refinery

New Delhi: State-owned Hindustan Petroleum Corp Ltd (HPCL) today decided to resume work on the Rs 41,000 crore Rajasthan oil refinery after its board agreed on reduced fiscal incentives from the

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Tata Steel board to consider fund raising proposal this week

New Delhi: Tata Steel today said its board will meet this week to consider a proposal for raising funds. &quot;A meeting of the Board of Directors of the company will be held on Thursday, April

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Sensex inclines for 3rd day ahead of earnings numbers

Mumbai: NSE Nifty settled lower by 16.85 points, or 0.18 per cent, at 9,181.45. Markets retreated for the third day today as the Sensex slumped 131 points to end at 29,576, a nearly two week low

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Sensex fails to maintain 30K level on fag-end selling pressure

Mumbai: The S&amp;P BSE benchmark sensex failed to maintain 30K level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syr

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Maruti sales rise 8.1 per cent in March at 1,39,763 units

New Delhi: The country&#39;s largest car maker Maruti Suzuki India (MSI) today posted 8.1 per cent rise in total sales in March at 1,39,763 units as against 1,29,345 vehicles in the same month l

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India seeks $2 bn funding from NDB, wants it 'nimble-footed'

New Delhi: India is seeking USD 2 billion in funding from the New Development Bank for infrastructure projects and wants the multilateral agency to be nimble footed in disbursing faster loans, F

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Economy expected to grow at 7.2 per cent in FY17: Arun Jaitley

New Delhi: Emerging markets face newer challenges in the form of inward looking policies of protectionism and increased geopolitical tension, Finance Minister Arun Jaitley said today as he pegge

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Kawasaki to launch Z900 in India on March 25

Kawasaki&#39;s most popular motorcycle in the Indian market, the Z800 is soon going to be replaced by the Z900. The Japanese bike maker will launch the new Z900 on March 25, 2017. Kawasaki India

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SpiceJet retains lead over Jet as 2nd most valued aviation company

New Delhi: Budget airline SpiceJet, which has surpassed Jet Airways to become the county&#39;s second most valued aviation company, continued to retain the position today. With a mark

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Sensex gains as banks rally, but slips for week

Bengaluru: Indian shares rose for a second consecutive session on Friday as lenders rallied after Finance Minister Arun Jaitley said the government would soon announce new measures to tackle bad

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Sensex tanks 318 points, Nifty slumps below 9,100 on global clues

Sensex plunged by 318 points on Wednesday to close at nearly two-week low of 29,167.68 largely due to selling in auto, banking, meta

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ONGC seeks gas price review; wants floor rate fixed at $4.2

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost. India&#39;s largest natural gas producer demanded

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SBI advises some 100 Snapdeal sellers to cut outstanding loans

Bengaluru: The State Bank of India has sent advisories to nearly 100 sellers, coming under online&nbsp; marketplace Snapdeal&#39;s capital-assist programme, to reduce&nbsp; their outstanding loa

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Govt considering FDI relaxation in multi-brand retail policy

New Delhi: The government is weighing the option of permitting overseas retailers to open stores for selling &#39;Made in India&#39; products only a

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Rupee continued to outshine weak US dollar over last week

It&#39;s been an action packed week for the forex market as overall sentiment undergone a sea change. Rupee continued to outshine against the beleaguered US dollar and ended at a fresh

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India's solar capacity to cross 20GW in next 15 months:Goyal

New Delhi, Mar 17 () India&#39;s solar power generation capacity would cross 20,000 MW in the next 15 months from the current level of 10,000 MW, Power Minister Piyush Goyal said.

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RoomsTonite shutting shop after Stayzilla debacle

CHENNAI: Its a bad summer for the hospitality trade. the Bengaluru-based online hotel aggregator, RoomsTonite is learnt to be downing shutters , shortly after Chennai-based Stayzilla shut shop

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Par Panel wants UIDAI to adopt self-sustainable model

New Delhi, Mar 17 () The UIDAI, which provides all services for free, should explore pricing models to make itself self-sustainable and independent of government grants, a Parliamentary panel

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Content writing will now fetch big bucks

CHENNAI: With just 8 months of experience, Madhumitha R, a content writer at a digital marketing firm receives Rs 28,000 per month, atleast 30% more than what content writers got about a year

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Marico acquires 45% stake in Beardo’s Zed

Mumbai: Parachute maker Marico has entered into a strategic investment in Zed Lifestyle, the owner of &quot;Beardo&quot; male grooming brand, by acquiring a 45% equity stake for an undisclosed

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GST apps to ease your way to July 1

CHENNAI: The GST Council on Thursday paved the way for rolling out the new tax regime from July, clearing all legislations required for the ambitious reform measure. Several apps have cropped

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Corporate debt up to 55% of GDP from 49% a decade ago: RBI

Chennai: Corporate debt in emerging market economies including India, which used to average at 49% GDP nearly a decade ago, has now risen to 55% of GDP, said a latest RBI report.

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Bank wallets growing faster than e-wallets

CHENNAI: In the bank versus e-wallets sweepstakes, the banks have now gained lost ground. As of February, the number of transactions put across through e-wallets have dropped 10% month on mont

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Honda launches its new crossover WR-V in India

NEW DELHI: India on Thursday became the first global market to get the production version of the all-new WR-V from Honda. The crossover was launched at a starting price of Rs 7.75 lakh (ex sho

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HDFC Bank launches paperless, overdraft facility against shares in three minutes

LUCKNOW: Leading private bank HDFC Bank Limited has launched an instant Digital Loan against Securities (LAS) scheme, which the bank claims to be a first of its k

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Five Indians join World Economic Forum’s Young Global Leaders community

CHENNAI: Five Indians have joined the community of 100 leaders named as Young Global Leaders by the World Economic Forum. Blippar cofounder and CEO Ambarish Mitra

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Sensex starts with small gains, inflows continue to pour in

Mumbai: The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates. However, caution prevailed after retail

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Nifty hits lifetime high; Rupee up 78 paise

Mumbai: Investor&rsquo;s wealth increased by Rs 1.55 lakh crore on Tuesday amidst broad-based buying in domestic equities as a landslide victory enjoyed by the Bharatiya Janata

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Reliance Commercial Finance appoints Devang Mody as CEO

New Delhi, Mar 14 Reliance Commercial Finance, a subsidiary of Reliance Capital, today announced the appointment of Devang Mody as chief executive officer. Prior to this, Mody s

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AirAsia announces discount on domestic, foreign travel

Malaysian no-frills carrier AirAsia today announced discounted fares, starting as low as Rs 899 for travel within India and Rs 4,999 for international flights for a limited period. The special l

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AWS India partner network registers 80% growth

AWS India, the cloud business of Amazon, has registered 80% growth in its AWS Partner Network (APN) to help it expand its business across the country, said Amazon Internet Services Managing Dire

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Titan launches first smart wearable Fastrack Reflex

Fastrack, one of the most-loved youth fashion brand in the country owned by Titan, has announced its foray into the smart wearables segment with the launch of Reflex with a retail price of Rs 1,

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Biscuit industry yet to recover from note ban impact

New Delhi: The biscuit industry in the country has taken a hit of up to Rs 700 crore and rural sales continue to suffer after the government scrapped old high value notes. &quot;Due t

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Stock markets likely to cheer BJP's strong show in UP, Uttarkhand

New Delhi: Stock markets are expected to cheer the stunning victory of BJP in UP Assembly polls and may scale to new highs on hopes of further economic reforms, say experts. Although

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M&M divests 7.5 per cent Mahindra Holidays stake for Rs 274 cr

New Delhi: Mahindra &amp; Mahindra today said it today divested 7.5 per cent stake in the group hospitality arm Mahindra Holidays &amp; Resorts India Ltd (MHRIL) for around Rs 274.36 crore.

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Companies looking to list on the BSE's SME platform need to have post-issue paid up capital of a minimum Rs 3 crore.

BSE Sensex closed higher by 216 points, or 0.75%, to 29,048, while the Nifty 50 rose 66 points, or 0.74%, to 8,963. Mumbai: The markets made a powerful comeback on Mo

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AirIndia raising Rs 3,000 crore for purchasing four Boeing 787 planes

New Delhi: The government-owned Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund acquisition of four Boeing 787 planes. It plans to induct these four plane

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Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40%

New Delhi: Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest $200 million in Paytm&rsquo;s online marketplace unit. Aliba

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Indian IT industry contributes immensely to US economy: NASSCOM Washington:

The debate in the US over H-1Bvisas has become a political and emotive issue as there is a &quot;yawning gap&quot; between the facts and perception, IT industry body NASSCOM has said, contending

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DLF promoters to sell 40 per cent stake in rental arm to GIC

Real estate major DLF&#39;s promoters will enter into an exclusive pact with Singapore&#39;s GIC to sell their 40 per cent stake in the company&#39;s rental arm, DCCDL Ltd, for an estimated amou

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March may see companies raising up to Rs 6,000 crore via IPOs

MUMBAI: At least half a dozen companies are set to raise Rs 6,000 crore in March or early April through initial public offerings (IPOs) in what would be the second best month for IPOs in last si

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Tata emerges strong to lead Indian market.

India&#39;s largest software services exporter TCS says it is confident of maintaining leadership position in the domestic market that is witnessing strong technology adoption in private as well

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Founder of India's $4 smartphone firm arrested on allegations of fraud

MUMBAI (Reuters) - The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company

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Indian Economy Zoom

&nbsp;India&#39;s economy is in a &quot;fairly good shape&quot; and it is likely

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