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‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra

12Apr By AnkitaNo Comments

Entrepreneurs Talk

‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra

Mahindra Group Chairman Anand Mahindra today said energy levels of Indians make him believe there will be a "virtual explosion" in entrepreneurship going forward. "If I use the adjective explosion, we will not be hyping it up...we have amongst the highest energy levels both in quality and quantity anywhere in the world. I see a virtual explosion in entrepreneurship," he said. The noted industrialist was speaking to reporters on the sidelines of the launch of a start-up award by visiting British royal couple - Prince William and his wife Kate. Though he acknowledged there is a talk of the start-up bubble bursting up, he said the Mahindra Group will continue to invest in the ecosystem through a specially-created venture called Mahindra Partners. There is already a talk of sta...

Odd-Even: Delhi Govt. Warning to App-Based Taxis For Overcharging

8Apr By AnkitaNo Comments

INDIA

Odd-Even: Delhi Govt. Warning to App-Based Taxis For Overcharging

The Delhi government today said app-based taxi operators will be restrained from levying peak time charges when the second round of the odd-even scheme will be in force. The scheme aims at cutting down on the number of vehicles plying on the citys roads. Taxis have been exempted under the road-rationing plan and are in demand when it is in force. "Action will be taken if we receive complaints of app-based taxis charging exorbitant fares when the scheme is in force," Delhi Transport Minister Gopal Rai warned. "Commercial vehicles bearing yellow number plates, including CNG-run taxis, three-wheeler and four-wheeler tempos, autos and taxis will be allowed to ply under the scheme," said a senior government official. The official said that commercial vehicles of other states running...

We Bought a Tool To Hack Terrorists iPhone: FBI chief

7Apr By AnkitaNo Comments

News

We Bought a Tool To Hack Terrorists iPhone: FBI chief

The US government purchased "a tool" from a private party to unlock the iPhone used by a Pakistani-American shooter involved in the San Bernardino terror attack, according to FBI Director James Comey. "Litigation between the government and Apple over the San Bernardino phone has ended, because the government has purchased, from a private party, a way to get into that phone, 5C, running iOS 9," Comey said. Law enforcement officials said last month that they had finally cracked the iPhone 5C used by Syed Farook, one of two shooters in the December 2015 attack that left 14 people dead in California. But they did not go into details, other than to say an unnamed third party had provided assistance. In an effort to access information stored on his phone, the US government had pursued ...

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

7Apr By AnkitaNo Comments

ACQUISITION

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

GirnarSoft, which owns auto portals CarDekho.com, Gaadi.com and Zigwheels.com, today announced acquisition of road side assistance company Help On Wheels in an undisclosed all cash deal. The move will bolster the operations of GirnarSofts road side assistance (RSA) vertical, the company said in a statement. Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels has a client base of over 50,000 customers. It has a team of over 50 people to manage its operations and customer service. All the team members will join GirnarSoft. Both the founders will report to CarDekhos RSA vertical Car Owners Business CEO Ankur Agarwal. "Help On Wheels will help our road side assistance business scale faster, not only by giving us an established service network and client base, but also ...

Nita Ambani Most Powerful Businesswoman in Asia: Forbes

7Apr By AnkitaNo Comments

News

Nita Ambani Most Powerful Businesswoman in Asia: Forbes

New York, Apr 7- Reliance Foundation Chairperson Nita Ambani has been named the most powerful businesswoman in Asia by Forbes, leading a list of 50 women leaders from the region that includes eight from India. SBI Chairman and Managing Director Arundhati Bhattacharya has been ranked second on the 2016 Asias 50 Power Businesswomen list that features trailblazing women from China, Indonesia, Australia, Vietnam, Thailand, Hong Kong, Japan, Singapore, the Philippines and New Zealand. Apart from Ambani and Bhattacharya, six women from India have made to the list, including Mu Sigma CEO Ambiga Dhiraj (14), Welspun India CEO Dipali Goenka (16), Lupin CEO Vinita Gupta (18), ICICI Bank Managing Director & CEO Chanda Kochhar (22), VLCC Health Care Founder and vice chairman Vandana Luthra (26) ...

ShopClues Tie-up With NMDFC To Support e-Karobar

7Apr By AnkitaNo Comments

BUSINESS

ShopClues Tie-up With NMDFC To Support e-Karobar

India's first and largest managed marketplace, ShopClues signed an MoU with National Minorities Development and Finance Corporation (NMDFC) to give a robust fillip to its e-Karobar initiative. The initiative seeks to e-market the exceptional products created by Indian artisans and craftsmen belonging to minorities who have been assisted by NMDFC. ShopClues will leverage the power of its widely popular e-commerce platform and its extensive reach to empower the artisans and craftsmen belonging to minorities by bridging the gap between artisans and buyers all over the country. As a part of the MoU, both ShopClues and NMDFC seek to act as catalysts for economic development of artisans and craftsmen belonging to minorities. ShopClues will offer a wide spectrum of assistances to sellers to...

Kishore Biyani Acquires FabFurnish.com; Eyes Expansion in 100 cities

6Apr By AnkitaNo Comments

ACQUISITION

Kishore Biyani Acquires FabFurnish.com; Eyes Expansion in 100 cities

Future Group has announced the approved of acquisition of online home furnishings and decor business brand FabFurnish from Bluerock eServices for Rs. 4.86 per share. In an interview with a media channel, Founder and CEO Future Group, Kishore Biyani said, "FabFurnish is a high margin and profitable business, currently operating at 40-41 percent margins. The aim is to enter into more cities via the home furnishing brand." With an aim to expand pan India, Biyani expressed plans to operate in 100 cities eventually. He also expects earnings before interest, tax, depreciation and amortization (EBITDA) of Rs. 40-50 crore from the acquisition. "Future Group is looking at more acquisition opportunities in the specialty retail space," Biyani added. The company's is currently trai...

Online Furniture Company ‘Furlenco’ Starts Operations in Pune

5Apr By AnkitaNo Comments

News

Online Furniture Company ‘Furlenco’ Starts Operations in Pune

Furlenco, India's first online furniture rental company has partnered with Uber to introduce UberPLAY in Pune. Under the move, Furlenco will be furnishing a premium range of Uber cars on the city roads with LED screens, recliners, and your very own drinks cooler so that the customers can catch all the action while on-the-move.! After beautifying 5000+ homes in Bangalore and Mumbai, the company has rolled out its range of awe-inspiring furniture packages to transform the living experiences of Pune residents. The customers can now get their hands on premium home furniture without having to invest heavily on buying it. They can place their orders online at Furlenco and get free doorstep delivery and installations within a week itself. Commenting on the launch, Founder and CEO Furlenc...

4Apr By AnkitaNo Comments

FUNDING

Housing.com Received New Funding From Ex-99Acres.com Head

Vineet Singh, an active angel investor and former Business Head of 99 Acres.com Invested an undisclosed amount in SoftBank funded online real estate portal Housing.com. Mr. Singh will join the Housing board as a senior advisor. "Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in the online real estate space. On board as a personal investor, Vineet will also serve as a senior advisor to the company working closely with the management team. We believe that his association will further fuel the ambitious growth plans of Housing.com," said Jason Kothari, chief executive officer, Housing.com. Currently, Singh is co-founder, CEO and MD of Buildczar.com, a marketplace for building materials and finishing produ...

India’s First Cash Giving App ‘CASHe’ Launched

3Apr By AnkitaNo Comments

News

India’s First Cash Giving App ‘CASHe’ Launched

Tslc Pte Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced the launch of its all new mobile-only lending platform - CASHe, providing users a personalized experience to borrow cash anytime, anywhere within minutes. CASHe was launched in Mumbai at a glittering ceremony today with Bollywood's rising star Arjun Kapoor unveiling the product. "CASHe is the ideal platform for consumers to take control of their short term finances", said V Raman Kumar, Chairman of TSLC PTE LTD. "Today's young professionals have different aspirations and needs not very well addressed by the present banking system. We are simplifying their borrowing experience with CASHe. With this new smart phone platform we will be providing immediate cash loan...

1Apr By AnkitaNo Comments

FUNDING

Mashable Received $15 Million Funding From Time Warner

The News website Mashable (digital media) received $15 million funding round from Time Warner Inc.’s Turner division (traditional TV network). Mashable will use the latest funding round to expand its video offerings, including on traditional TV, and enhance its advertising capabilities, according to the statement. The funding will also use to co-develop and distribute video content of Turner’s TBS, TNT channels and Mashable. Both companies will work together on new technology and advertising opportunities, according to a statement Thursday. In addition, Kevin Reilly, chief creative officer for Turner Entertainment and president of TBS and TNT, will join Mashable’s board. Turner and other media companies are looking to digital publishers to reach younger audiences that may not subs...

Agarwal Movers Group Opens its First International Office in Singapore

1Apr By AnkitaNo Comments

News

Agarwal Movers Group Opens its First International Office in Singapore

Agarwal Packers and Movers Ltd (APML), India’s leading relocation company opened its first international office in Singapore this month. The Singapore office would facilitate relocation of homes from the country across the globe and support inbound relocations too. Agarwal Packers and Movers ltd. will also be doing local moves within Singapore as well. Their Singapore operations would be spearheaded by Abhishek Raj Singh who has been with the group for the last seven years presiding the International Division. “In India we have proven ourselves, the brand stands for quality, out of box thinking and providing customer delight. Singapore packing and moving industry market is about 1000 crore (150 million USD). We see our brand gaining immediate acceptance in being the chosen packer...