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Intex in Collaboration With Tata’s mRupee Launched Its Own Digital Wallet

6Oct By Press Trust of IndiaNo Comments

BUSINESS

Intex in Collaboration With Tata’s mRupee Launched Its Own Digital Wallet

Domestic handset maker Intex has partnered with mRUPEE, a Tata Teleservices subsidiary, to launch mobile wallet Intex MyWallet. The wallet will offer easy and quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie, bus tickets and more in just one click, Intex said in a statement. "This is in line with our focus to offer the customers additional value which is being created right from video, gaming, healthcare, utility, entertainment, e-commerce/mobile advertisement, all packed in their handsets at customers fingertips," Intex Technologies Head VAS Vineet Singh said. Company's larger rival, Micromax, also has a mobile wallet service Udio in partnership with TranServ and Visa. As part of its tie...

3Oct By AdityaNo Comments

BUSINESS

Travel Website Musafir.com Ties Up With Amazon Ahead of the Festive Season

Musafir.com, one of India's fastest-growing travel websites has tied up with Amazon India in a unique marketing campaign, this festival season. The company will offer 200 lucky winners, who shop at 'Amazon Great Indian Festival', an all-expense paid couples' trip to Dubai for three nights and four days. "The festive season is all about giving, sharing and experiencing. We are extremely excited to announce our festive association with Amazon India. This unique partnership featuring one of the biggest online sales in the country with one of the biggest holiday giveaways in the history of Indian retail, is our way of wishing everyone a happy festive season and a prosperous year ahead," said Ms. Giya Diwaan, CEO, Musafir.com. Musafir.com is dedicated towards providing an inspiring and premiu...

Stayzilla Sign Partnership Agreement With Punjab Heritage & Tourism Promotion Board

30Sep By NitishNo Comments

BUSINESS

Stayzilla Sign Partnership Agreement With Punjab Heritage & Tourism Promotion Board

Stayzilla, which offers a platform for verified homestays and alternate stays, has entered into a partnership with Punjab Heritage and Tourism Promotion Board (PHTPB) to jointly promote unique stays in the state. As per the Memorandum of Understanding, the company will assist PHTPB with verification procedures and jointly boost homestays and unique stays like farm stays, bed and breakfast and tented rooms within Punjab, Stayzilla said in a statement. "Our partnership with India's one of the leading Homestay aggregator will help in the growth of homestays across the state and address the under supply of quality rooms," Punjab Minister of Tourism and Cultural affairs and Archives and Museums Sohan Singh Thandal said. Stayzilla will be the strategic partner to help educate the locals...

Brigade Group Signs MoU With Rental Solutions Provider NestAway

26Sep By AdityaNo Comments

BUSINESS

Brigade Group Signs MoU With Rental Solutions Provider NestAway

Leading real estate player Brigade Group signed a Memorandum of Understanding (MoU) with NestAway, a premier rental solutions provider today to become the first builder in India to address the commonly-faced rental concerns of its customers on exclusive basis. Through this collaboration, Brigade Group will offer comprehensive rental assistance to all of its existing customers as well as over 10,000 apartments in different stages of construction that are currently in the process of being readied for handover, across our projects. Brigade customers will now be able to avail of a rental default guarantee that assures them timely rent. NestAway is India's largest 'managed home rental marketplace' backed by stalwarts in the industry such as the legendary Mr. Ratan Tata, Tiger Global, DST ...

BookMyShow Posted Profit of 3.1 Crore in FY16

20Sep By PriyankaNo Comments

BUSINESS

BookMyShow Posted Profit of 3.1 Crore in FY16

BookMyShow.com, India's leading online entertainment ticketing platform posted Rs.3.1 crore profit on moday for the year ended 31 March, against a loss of Rs.13.5 crore in the year-ago period. Bigtree Entertainment Pvt. Ltd also known as Bookmyshow, Revenue rose to Rs.248 crore in the period from Rs.130 crore. Revenue from online ticket booking doubled to Rs.176.7 crore from Rs.88.4 crore. The company was founded in 1999 by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, the Mumbai-based online ticketing company raised over Rs.550 crore in its fourth round of funding in July led by US-based Stripes Group with existing investors Network 18, Accel Partners, and SAIF Partners participating. The funding valued the company at Rs.3,000 crore. BookMyShow is present in over 350 towns...

TATA AIG, Paytm to Offer Health Insurance to Cab Drivers

16Sep By PriyankaNo Comments

BUSINESS

TATA AIG, Paytm to Offer Health Insurance to Cab Drivers

Tata AIG General Insurance and mobile payments firm Paytm have entered into an agreement to provide cab and auto drivers health insurance plans. This tie-up will enable cab and auto drivers, who are using Paytms digital wallet, to avail cashless health insurance through Tata AIG General Insurance, the private insurer said in a release issued here. Tata AIG General Insurance has designed cashless insurance scheme, as required by Paytm, to provide drivers, quality medical care as per their need and budget. While subscribing to the policy, the existing health condition of drivers will also be covered under this scheme. The new health insurance scheme will cover hospitalisation expenses of up to Rs 50,000. This initiative has already received a good response in Delhi and NCR, with ...

16Sep By VishwadeepakNo Comments

BUSINESS

Gauri Khan is Set to Light up Your House in Diwali, Becomes Tisva’s Brand Ambassador

After relighting Bollywood Star Shahrukh Khan’s home for many years, his wife Gauri khan will now light up your house in this Diwali. Gauri Khan has become brand ambassador of Premium lighting brand Tisva. According to the news, company will soon launch a campaign featuring Gauri Khan in it. Gauri Khan will be highlighting exclusive, designs in campaign with the special focus on Diwali. Gauri Khan, who is an interior designer by profession, is very hopeful about the outcome. Praising exclusive, high end designs by Tisva Guari Khan said, "Designing is my passion. This is the era for exclusive designing of living spaces. TISVA's range of lights offer the same warmth and exclusivity. Proud to introduce Tisva, an exquisite range of designer lights curated by me, for Usha International Lt...

Uber Tie-up With NSDC, Maruti to Skill 1 Million By 2018

15Sep By Press Trust of IndiaNo Comments

BUSINESS

Uber Tie-up With NSDC, Maruti to Skill 1 Million By 2018

Transportation app Uber has launched a new initiative in partnership with Maruti and NSDC, for creating livelihood opportunities for one million people by 2018. Under UberSHAAN, the company will provide access to skill development and driver training to the unskilled, Uber India President Amit Jain said. The initiative will also help trained drivers receive commercial licenses, vehicle financing and leasing solutions, he added. "With UberSHAAN, our plan is to rapidly scale Indias entrepreneurial base and generate one million livelihood opportunities on the Uber platform by 2018. Our partnership with the National Skill Development Corporation and Maruti Suzuki will be instrumental in realising our goal by 2018," he said. Uber has about 4 lakh drivers on its platform in India, which ...

Reliance Communications, Aircel Merge Will Create Rs 65K cr Asset Base Entity

15Sep By Press Trust of IndiaNo Comments

BUSINESS

Reliance Communications, Aircel Merge Will Create Rs 65K cr Asset Base Entity

Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore. In the largest consolidation in the countrys telecom sector, RCom and Aircels majority owner, Malaysias Maxis Communications Berhad (MCB), announced signing of definitive documents for the merger of their Indian wireless businesses. RCom and Aircel will hold 50 per cent each in the new company. The board of the new company will have equal representation from the two sides. "The RCom-Aircel combination will create a strong operator clearly ranked amongst Indias top 4 telcos by customer base and revenues, also ranking amongst the top three operators by revenues ...

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

11Sep By NitishNo Comments

BUSINESS

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

Financial products platform RupeePower expects to grow about 70 per cent this year, clocking Rs 15 crore in revenue as it expands its product portfolio and facilitates disbursal of Rs 10,000 crore in loans. The Gurgaon-based startup, which had sold a majority stake in the company to eCommerce major Snapdeal in April 2015, has bought back control in August this year. Snapdeal is now a minority shareholder in the company. "We want to become a platform to guide users in making the right investment choices. They (currently) get access to a number of products like loans and credit cards through our platform and using analytics based on their spending patterns, social media profile, we want users to be able to access the right financial products," RupeePower founder Tejasvi Mohanram said. H...

SMEs Raise 185 Crore Through IPOs in FY17

7Sep By AnkitaNo Comments

BUSINESS

SMEs Raise 185 Crore Through IPOs in FY17

Riding on upbeat market sentiment, as many as 23 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal. In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). "Indian primary market has witnessed spectacular revival in last few months, which is not limited to large IPOs like Mahanagar Gas or Quess Corp. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak," Pantomath Group Managing Director Mahavir Lunawat said. A total of 23 firms made debut on the SME platform in 2016-17 so far, while a total of 28 companies filed their draft prospectus in the past fiscal to raise funds through an initial publ...

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

7Sep By Press Trust of IndiaNo Comments

BUSINESS

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

Varun Beverages, franchisee for soft drinks maker PepsiCo, has received markets regulator Sebis approval to raise over Rs 1,000 crore through an initial public offering. Besides, leading logistics service and solutions provider, Seaways Shipping & Logistics has also got Sebis nod to float an IPO. Varun Beverages and Seaways Shipping & Logistics had filed their draft red herring prospectuses with the Securities and Exchange Board of India (Sebi) in June and March, respectively. The two firms got the regulator approval on August 31, as per the latest update. The initial public offer (IPO) of Varun Beverages entails sale of up to 2.5 crore shares, including fresh issue of 1.5 crore shares and offloading of stake by the promoters. Apart from fresh issue of 1.5 crore equity sh...