Indian conglomerate Tata Group and US prestigious Yale University have launched a collaboration that will focus on promoting research and its application in fields like network science, data science, healthcare and microbiome research. Tata has committed to fund the alliance over five years. However, the company did not disclose the financial details. The project would […]
Ride-hailing companies Uber and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and do not know when they can resume operations, they said on Sunday. The National, a UAE newspaper, quoted unnamed sources as saying that as many as 50 drivers for Uber and Careem had been […]
bigbasket.com, India’s largest online supermarket has taken a lead by voluntarily setting a subsistence price of tomatoes for farmers hit by crisis due to the sudden crash of tomatoes in Karnataka. With a glut of tomatoes in the Bangalore market owing to a bumper harvest in the growing regions of Kolar, Malur and Chikbalalpur, prices in […]
(ANI): Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study. The study done in association with the thought arbitrage found that in the technology driven start-ups, […]
Hit by a cash crunch, e-commerce company AskMe has decided to shut shop, leaving 4,000 staffers jobless, while its majority investor Astro said it will appoint a forensic auditor to review the books of the startups parent firm Getit. In an internal mail, Anand Sonbhadra, Group CFO at Getit Infoservices, directed senior staff to take […]
Ahead of the commercial launch of payments banks, credit information companies (CICs) have urged RBI to ensure these newbies in the banking space become their members and share data on the transactions. “Payments banks will not be into lending, but the transactions which they undertake will help understand borrowers. Therefore, we have requested the RBI […]
Around 50 companies including global banking institutions, like the World Bank, Deutsche Bank and Barclays, have expressed eagerness to be associated with the Centres postal payments bank initiative, Union Minister Ravi Shankar Prasad said today. “We will begin postal payments banking service from September 16, wherein 1.3 lakh postmen will be given hand-held devices, a […]
Salebhai.com, an e-commerce platform for regional goods from across India that is representative of a culture, has received a major boost from Brand Capital of Times Group. The media conglomerate has come on board with a deal size of Rs 10 crore for a minority stake in the company. The online portal, which operates on […]
Tata Group invested USD 9 billion in its businesses globally in 2015-16, even as its worldwide revenue fell marginally to USD 103 billion due to commodity market slowdown and volatile currencies among other reasons, the diversified conglomerates chief Cyrus Mistry said today. Addressing the Annual Group Leadership Conference (AGLC) of the steel-to-software conglomerate, Mystry also […]
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 […]
WeWork Cos, the office-space sharing start-up with an estimated $16 billion valuation evicted one of its tenants which wrote and take down a negative blog on medium that suggests members leave has surged in recent months. The posting on Tuesday by Justin Zhen, whose data analytics firm Thinknum operates out of a WeWork site on […]
Startup Village, the countrys first public-private partnership business incubator, has been named Indias best startup incubator. Startup Village is ranked number one in a first-of-its- kind comprehensive ranking by the India edition of Entrepreneur Magazine of the 100 best startup incubators in India (25 across sectors and 75 sector specific), a release said here. Last […]