India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Minister Nirmala Sitharaman has said. Both the countries would contribute USD 500 million to the fund, Sitharaman said while addressing India-Russia Business Forum at the ongoing International Engineering Sourcing Show (IESS) here […]
Employment opportunities have boomed over the years which have left fresh graduates with more than enough options to choose from. However, that has not sweetened the deal for them. Fresh graduates today, and even experienced professionals, find themselves confused about the career path they should embark upon. To make matters worse, no substantial professional help […]
India may have the world’s second largest internet user base, but connectivity remains out of reach for nearly 950 million citizens, a report said today. “Even with the internet data plans in India being among the cheapest in the world and the average retail price of smartphones steadily declining, connectivity is still out of the […]
Union Minister Rajiv Pratap Rudy today said street food vendors across the country needed to be trained to undertake cashless transactions, as he interacted with them at the end of a national street food festival here. The Minister of State (Independent Charge) for Skill Development and Entrepreneurship awarded certificates to the vendors trained under ‘Skill […]
Mobile-first test preparation platform, OnlineTyari (OT) has raised Rs 20 crore, led by the Michael and Susan Dell Foundation (MSDF). MSDF made an equity investment of Rs 15 crore (USD 2.1 million) in the company, OnlineTyari said in a statement. OT offers a mobile application that allows highly customised, curated and vernacular test preparation content […]
Patanjali Ayurved, the FMCG venture promoted by Yoga guru Ramdev, will hire around 5000 people at its upcoming Rs 1,300-crore facility in Assam by the end of this fiscal year. Assam Chief Minister Sarbananda Sonowal today laid the foundation stone of the Patanjali Herbal and Mega Food Park at Balipara in Sonitpur district. “The unit […]
Venture capital firm Next Orbit Ventures (NOV) has received commitment from UAE-based investors, including DP World, Emmar and Etisalat, for its over USD 750 million or Rs 5,000 crore fund. The company plans to invest the proceeds of the over Rs 5,000 crore (USD 750 million) fund in digital, analog and solar fabrication (fabs) projects […]
Taxi aggregator Uber today announced the Mi Pan Malak scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Ubers partnerships with leading financial institutions and car manufacturers with a down payment of as low as Rs 25,000, Uber […]
The banking sector in Jammu and Kashmir should create entrepreneurship culture in the state by providing hassle-free services to start-ups, Union minister Kalraj Mishra said. Speaking at a daylong workshop on Prime Minister’s Employment Generation Programme (PMEGP), the Minister for Micro, Small and Medium Enterprises (MSME) said banks should be customer-friendly by providing hassle-free services […]
IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, […]
Recent Global News Highlights Report: TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in Series B round led […]
IT industry body Nasscom has partnered the Netherlands government to promote “serious gaming” in India. As part of the partnership, the two partners organised roadshows across Delhi, Mumbai, Pune and Bengaluru this month, focusing on showcasing the potential of gaming for various sectors. Demos of solutions that have been developed and deployed by reputed Dutch […]