INDIA | Pixr8 News

4Jun By Press Trust of IndiaNo Comments

INDIA

1,862 start-ups registered with this Indian portal received orders worth Rs 275 cr

As many as 1,862 start-ups have registered with the Government e-Marketplace (GeM) portal and have received orders worth Rs 275 crore till April, a top official said Tuesday. The portal was launched in August 2016 for online purchase of goods and services by all the central government ministries and departments. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Ramesh Abhishek said, start-ups can now get government orders on GeM Startup Runway while getting an exemption from prior turnover, prior experience and earnest money deposits. "1,862 start-ups have registered, receiving 7,697 orders worth Rs 275 crore till April," he said in a series of tweets. He also said 1,87,004 jobs have been reported by 16,105 start-ups, which are recognised by the d...

31May By NitishNo Comments

INDIA

Indian Teenager dies after playing PUBG game on cellphone

A 16-year-old Indian boy died of cardiac arrest allegedly while playing PUBG battle game on his mobile phone for six hours at a stretch here in Madhya Pradesh. The deceased was identified as Furkan Qureshi, a Class 12 student. The incident took place on May 28 when Furkan Qureshi and his family, settled at Nasirabad in Rajasthan, had come to Neemuch to attend a marriage, the teenager's father, Haroon Rasheed Qureshi, said. Police said they have not been informed about the boy's death by his family and hence not launching a probe as of now. Before Furkan Qureshi became unresponsive Monday while playing the online game, Player Unknown's Battleground (PUBG), on his smartphone, he 'shouted blast it, blast it', his father said. "He was a very active lad. My son was so engrossed i...

Uber partners IOC to offer discounts on fuel for driver-partners

31May By Press Trust of IndiaNo Comments

INDIA

Uber partners IOC to offer discounts on fuel for driver-partners

NEW DELHI: Uber Thursday said it has partnered Indian Oil Corporation Ltd (IOCL) to offer special benefits, including discount on fuel, to the ride-hailing company's driver-partners in India. In a statement, Uber said over 12,000 driver-partners have already registered for this benefit. "The agreement with IOCL will offer delivery partners discounts on petrol, diesel and CNG in IOCL petrol pumps across India. This initiative is a part of Uber's UberCARE programme for driver partners," the statement added. Vigyan Kumar, executive director (retail sales), IOCL, said, "IOCL has always been striving to add to the fuelling experience of customers coming to its retail outlet". "...through our association with UBER, we would be giving one more reason for a UBER driver-partner to ...

24May By NitishNo Comments

INDIA

How Indian Startups Congratulate PM Narendra Modi For Second Term

Indian startups who received support from the Indian government under "Startup India, Standup India" programme led by Indian PM Narendra Modi's in the first term congratulates PM Modi for the victory and second term. Most of the startups are hopeful that under second term Modi government will take strong steps against painful Indian angle tax. "The 68 million grassroots businesses in India which have been making a significant contribution to the National GPD, need a continued benevolent approach from the Government. The Government Policies need to focus on creating a supportive ecosystem which empowers micro enterprises to create globally competitive products rather than granting loan waivers which only leads to dependency and inadequacy in the sector. While a lot of work has been...

16May By PriyankaNo Comments

INDIA

Indian Stock Exchange BSE launch its own app for Mutual Funds

Leading stock exchange BSE Wednesday said it has launched 'BSE StAR MF' app to enable more participation and help mutual fund distributors process transactions faster. "BSE StAR MF mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips," the exchange said in a release. The app can be downloaded from Google Play Store.Once the app is downloaded, the sign up can be done by providing the member identification number, it added. "The launch of the app would further provide comfort of doing business to our 24,000 members. This app would not only increase their productivity, but would also enable IFAs (Independen...

3May By AdityaNo Comments

INDIA

Indian Telecom company Vodafone-Idea signs multi-million dollar deal with IBM

NEW DELHI: India's largest telecom operator Vodafone Idea Ltd on Friday announced a five-year multi-million-dollar IT outsourcing deal with tech giant IBM. "This engagement will also contribute to Vodafone Idea's merger synergy objectives by reducing its IT related costs," the telecom firm said in a statement. The company did not divulge the size of the deal but some reports pegged it at about $700 million. "The collaboration will provide Vodafone Idea with a hybrid cloud based digital platform to enable more intimate engagement with its over 387 million subscribers (as of 31 December, 2018), enhancing business efficiency, agility and scale plus simplification of its business processes," it said. The new infrastructure platform will remove constraints to the exponential growth ...

29Apr By PriyankaNo Comments

INDIA

Indian Government proposes Tax-free investment from Accredited Investors

An official from Indian government said that funds received by startups from accredited investors may be exempted from angel tax subject to complying with certain net worth criteria. This provision is considered by the government as part of an exercise to define 'accredited investors' with a view to increasing investment flow in startups. The Department for Promotion of Industry and Internal Trade (DPIIT) is working on the definition, which would be submitted to the finance ministry for approval. "Accredited or genuine investors can invest any amount but we will make some criteria for that. It should be liberal enough so that all such people can come under its purview. But it should not be over liberal and extra-stringent," the official said. "How much a genuine investor is inv...

28Apr By Press Trust of IndiaNo Comments

INDIA

About 200 US companies seeking to move manufacturing base from China to India: Report

Washington: About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the Communist giant. The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India. Aghi said that USISPF’s recommendation to the new government would be to accelerate the reforms and bring transparency in the decision-making process. “I think that's critical. We would advise to bring more transparency in the process and to make it more consultative because in the last 12 to 18 mont...

Madras High Court uplifts ban on TikTok app

24Apr By PriyankaNo Comments

INDIA

Madras High Court uplifts ban on TikTok app

CHENNAI: The Madras High Court's Madurai Bench on Wednesday lifted the ban on video mobile application TikTok, owned by Chinese company ByteDance, subject to certain conditions. Deciding the case filed by advocate Muthukumar, the bench vacated its interim order banning the app, subject to conditions that pornographic videos will not be uploaded on it, failing with the contempt of court proceedings would begin. Early this month, the high court, on a petition filed by the advocate, issued an interim order to the Central government banning downloading of the app in India and restricted the media from telecasting videos taken using the app. The high court had passed an interim order banning the app citing inappropriate and pornographic content. Tamil Nadu's Information Technology M...

23Apr By reutersNo Comments

INDIA

TCS signs a deal with India Post to transform country’s mail delivery system

India's largest IT services company, Tata Consultancy Services (TCS), has partnered with the Department of Posts in a bid to transform it into a multi-service digital hub, modernise the delivery of mail and packages, enhance customer experience, and launch innovative services that will drive new revenues. At the heart of this transformation is the Core System Integration (CSI) program designed and implemented by TCS. This involved deploying an integrated ERP (enterprise resource planning) solution that caters to mail operations, finance and accounting, and HR functions, and connects its vast network of more than 150,000 post offices, making this the largest distributed ePostal network in the world. The integrated solution is built to cater to the Department’s immense scale, and futu...

22Apr By PriyankaNo Comments

INDIA

Modi led Indian Government saved $9 billion after Aadhar implementation: Nandan Nilekani, Infosys Co-founder

Nandan Nilekani, the co-founder and former CEO of Infosys said, the Indian government's Aadhaar card scheme, which has enrolled more than 1 billion people, has helped the exchequer save about USD 9 billion by eliminating fraud in beneficiary lists". The Aadhar card is a biometric identification obtained by residents of India. The program was launched by the previous UPA government under former PM Manmohan Singh and now supported by the current Narendra Modi led Government. It has really been a bipartisan thing, Nilekani said while participating in a World Bank panel discussion on Digital Economy for Development yesterday. He said that it is easier for the developing countries to leapfrog by building a right digital infrastructure. Aadhaar now has more than a billion people reg...

Railyatri Operations are Unauthorised: Delhi HC

20Apr By AdityaNo Comments

INDIA

Railyatri Operations are Unauthorised: Delhi HC

The Delhi High Court today dismissed the writ petitions filed by Stelling Technologies, which owns and manages the online train ticket booking portal 'railyatri.in' providing service related to rail journeys. The Indian Railway Catering and Tourism Corporation(IRCTC) had cracked whip on the Retail Service Providers(RSP) who were associated with RailYatri by deactivating their access credentials to the IRCTC site. According to the IRCTC, the services by RailYatri were unauthorized, and the RSPs, by associating with it, had violated their contractual terms with IRCTC. The IRCTC said that it is the only entity authorized by the Ministry of Railways to supply e-tickets, and that RSPs are delegated agents of the IRCTC, who cannot enter into further transactions with third-party entit...