Arguing that anxieties of Chinese businesses in investing in India are “overblown”, official media today said investors can make “fat gains” by cashing in on the rapid growth in India’s manufacturing sector and staying away is indisputably an “unwise choice”. Making a strong case for why Chinese should rush their investments to India, an article […]
Get My Parking (GMP), a Chennai Angels funded venture started by IIT Madras and FMS Delhi alumni which has digitized the parking industry launches On-street Smart Parking. Despite the industry inertia they have revolutionized the parking industry. With 50,000 parking spots in Delhi and appreciation by honorable PM Narendra Modi for their work in Kumbh […]
Cropin Technology Solutions, a Bangalore-based startup has formally declared its investment deal with Sophia Investment ApS, Denmark. This series A investment of $2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion. The deal is a shot in the arm […]
AFP- Yahoo’s claim that it is the victim of a gigantic state-sponsored hack raises the question of whether it is the latest target for hackers with the backing of Russia, China or even North Korea, experts say. The US internet giant was under pressure Friday to explain how it sustained such a massive breach in […]
In a bid to boost innovation at premier institutions, an agency will soon be set by the government to provide funds up to Rs 20,000 crore for building research-oriented infrastructure at IITs, IIMs and other centres of higher education. The HRD Ministrys proposal to this effect was cleared at a meeting of the Union Cabinet […]
WhatsApps recent decision to share user data with parent company Facebook today reached the doorsteps of Delhi High Court, which sought the governments response on the modification. A bench of Chief Justice G Rohini and Justice Sangita Dhingra issued notice to the Centre on a plea by two users of the most popular instant messaging […]
AP- The world’s first self-driving taxis began picking up passengers in Singapore starting Thursday. Select members of the public can hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars on public roads for several years, […]
Apple has only been given a “breather” for the first three years by providing relaxation to it in local sourcing norms and the compulsory 30 per cent local sourcing clause has not been completely dispensed with, government today informed Rajya Sabha. “We have just given a relaxation that in the first three years, if local […]
The government today approved Rs 10,000 crore Fund of Funds for Startups to support them with an aim to generate employment for 18 lakh persons. “The fund is expected to generate employment for 18 lakh persons on full deployment…A corpus of Rs 10,000 crore could potentially be the nucleus for catalysing Rs 60,000 crore of […]
Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday. The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally. That would allow Apple, […]
Buffeted by political attacks coupled with unending speculation over his continuance, RBI Governor Raghuram Rajan today said no to a second term in the post, a surprise decision the industry and opposition parties termed as nations loss. Ruling that his work on containing inflation and cleaning up books of the banks was “yet to be […]
What was the amount of tax refunds paid in 2015-16 — Rs 1,22,325 cr, Rs 1,23,425 cr, Rs 1,23,325 cr or Rs 1,22,425 cr? If you answer 20 randomly selected questions like this in five minutes, you can meet Prime Minister Narendra Modi. As the NDA government completes its two years in office, it has […]