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Skoda to Invest Around $1 Billion in India

5Jul By Gauri SinghNo Comments

BUSINESS

Skoda to Invest Around $1 Billion in India

Volkswagen Group, which is the parent company of Skoda India Auto has plans to invest an amount of $1.16 billion (Rs 79 billion) in the Indian operations of Skoda under a programme named 'India 2.0'. The basic purpose of this investment is to develop fresh products and improve localization. Along with this, it will involve the creation of an engineering centre, capacity enhancement, R&D, new technologies and increase production. According to the reports, the investment programme – ‘India 2.0’ will take place between 2019 and 2021. Skoda Auto's Chief Executive Bernhard Maier said, "Experts predict that in the next few years India is going to become the third-largest automotive market worldwide. With our 'India 2.0' project we are now creating the right conditions for sustainable gro...

26Jun By Gauri SinghNo Comments

INDIA

The Helpful Startup Policies From Indian Government

In the recent years, the Narendra Modi led Government of India has been focusing more and more on a wide universe of emerging startups, and for this, the government has been bringing in new programmes and opportunities for bringing out the best in these companies and help them in innovation and nurturing. Several initiatives have been undertaken by the government of our country to support the new entrepreneurship and to foster a culture of innovation among the youngsters which are considered by our Prime Minister as the future of India. With a huge and exceptional statistic advantage, India, in any case, can possibly improve, raise business people and make occupations for the advantage of the country and the world. Recognising the importance of innovative startups and women entrepreneur...

Paytm to Offer Rs 5 Lakh Insurance Cover to Merchant Partners

26Jun By NitishNo Comments

News

Paytm to Offer Rs 5 Lakh Insurance Cover to Merchant Partners

India’s largest digital wallet company Paytm will now start offering life insurance cover of up to Rs 5 lakh to its offline partners and their staffs. One97 Communications, the parent company of Paytm, said that this effort will help in giving a push towards realizing India’s vision of the digital economy. Paytm will offer life insurance cover through its newly formed entity Paytm Life Insurance Corporation Ltd, which was established in February this year. This newly formed entity will offer life insurance cover in partnership with the existing life insurance player. The name of this life insurance player has not been disclosed by Paytm. IRDA, the insurance regulatory body had granted Paytm the corporate license to sell insurance products in 2017. The license is reportedly valid only...

What is Aadhar, Eligibility and Process to Download Aadhar Using Name and DOB

23Jun By PriyankaNo Comments

INDIA

What is Aadhar, Eligibility and Process to Download Aadhar Using Name and DOB

Aadhar Card is a 12 digit unique identification number issued by the UIDAI (Unique Identification Authority of India). The Aadhar card is based on a person’s biometric and demographic data. Aadhar card has become a very crucial document in India and is linked to a wide range of services like bank account, passport, etc and government benefit schemes like LPG subsidy, pension payment, etc. In fact Aadhar card has made life easier as just one card serves as both identification and residential proof. How to get an Aadhar Card The applicant needs to head to their nearest Aadhar Enrolment Centre, fill the form, provide necessary document and information, get his/her biometrics recorded and finally collect the acknowledgement slip. An applicant can check the status of their application o...

21Jun By Gauri SinghNo Comments

INDIA

Shillong Becomes The 100th Smart City Of India

Shillong, known as the ‘Scotland of India’ has been declared as the 100th smart city of India by the Ministry of Housing and Urban Affairs. The city will receive funding under the Smart Cities Mission after proper execution of the proposal submitted by it. This ambitious initiative had been launched by Prime Minister Narendra Modi on June 25, 2015. With this, the number of cities to be developed as smart cities has reached the 100 mark. According to the reports, followed by the selection of Shillong as the smart city, the total proposed investment for all the finally selected 100 smart cities would be around Rs 2,05,018 crores. Under the programme, every city will get Rs 500 crore from the Centre for the implementation of various projects such as strengthening urban infrastructure, r...

Softbank Backed OYO To Enter China With All The Support

21Jun By Gauri SinghNo Comments

News

Softbank Backed OYO To Enter China With All The Support

The Gurugram-based online hospitality company OYO is now officially entering the Chinese market. OYO is a Softbank backed firm and China is its third international destination after Malaysia and Nepal. The investor of OYO that is Softbank is showing high hopes and support in favour of the hospitality company. SoftBank Group’s chairman and chief executive Masayoshi Son addressed OYO Hotels as the ‘next generation hotel company using the internet service’. He is also determined to bolster up OYO hotels in China through a joint venture.” “I would really like to introduce this (OYO Hotels) company to all of you. The founder (Ritesh Agarwal), as of today, is only 23 years old. He founded the company when he was only 19 years old. Only four years have passed but it is growing exponentially,”...

20Jun By Lavina TolaniNo Comments

News

Google News Training Network to Train 8000 Journalists in India

At a time when data breach and proliferation of fake news is widespread, Google has announced News Initiative Training in India in partnership with DataLeads, BoomLive and Internews. Under this initiative, Google News Training Network will select 200 journalists from cities across India who will be given five-day training in boot camps that will be organised in English and six other languages. The programme is meant to equip journalist with best skills that can guard them against falling prey to false news. Irene Jay Liu, Google News Lab Lead, Asia-Pacific said, Supporting trusted, authoritative media sources is a top priority for Google, which is why we are proud to collaborate with Internews, DataLeads and BoomLive to support journalists in their fight against misinformation in In...

Uber Dignifies Pradeep Parameswaran As The President Of India & South Asia

19Jun By Gauri SinghNo Comments

News

Uber Dignifies Pradeep Parameswaran As The President Of India & South Asia

The popular taxi cab company Uber Technologies Inc. has announced the elevation of Pradeep Parameswaran as the new President of India and South Asia with immediate effect. The new President has replaced Amit Jain who was appointed as a head in the entire Asia Pacific region for Uber in May this year. Jain is a key member of Uber’s regional leadership team and welcomes Parameswaran gracefully. Over the last year and a half, he has been helpful in company’s growth by establishing the region firmly as a crucial contributor to our global vision. "I'm delighted to announce Pradeep Parameswaran will succeed me as the President of Uber India and South Asia, effective immediately. As a key member of Uber's regional leadership team, Pradeep will be responsible for leading the Rides operation to...

18Jun By Gauri SinghNo Comments

INDIA

The President Claims To Make India a $5 Trillion Economy By 2025

The Indian President, Ram Nath Kovind has stated that India is making its best possible efforts to become the world’s third-largest consumer market and an economy of $5 trillion by the year 2025. At present, the economy of India has been estimated at $2.5 trillion. Before announcing this, the President brought in light the investment opportunities in the country. The president arrived in India on Saturday from his visit to Greece on the first leg of his three-nation tour. Kovind is the first Indian president to travel to Greece in 11 years and thus while addressing the people of the country, he claimed that his visit is surely going to strengthen the relationship between India and Greece. Kovind gave a special mention to the overseas Indians that are playing a valuable role in improv...

This Middle East Country is Giving Free Transit Visa For Two Days to Passengers!

18Jun By Lavina TolaniNo Comments

MIDDLE EAST, News

This Middle East Country is Giving Free Transit Visa For Two Days to Passengers!

Foreign residents flying between India and Dubai have a good news for them! The UAE government has announced to grant free transit visas for first 48 hours to transit passengers. Additionally, the visa can be extended for up to 96 hours by paying 50 Dirham (about Rs 930). Though the confirmed date for the service to kickstart has not been announced, it is likely to be declared officially in a few days as per travel industry majors. India- The No. 1 Tourist Source for UAE According to Dubai Tourism Department, India is the leading international tourist source for Dubai with about 1.8 crore Indians travelling to UAE every year. Moreover, about a quarter travel to and fro from India happens on mega UAE flights like Etihad, flyDubai, Emirates. The decision to grant free 48-ho...

Snapdeal CEO Jason Kothari Quits, Joins Infibeam as President

17Jun By NitishNo Comments

News

Snapdeal CEO Jason Kothari Quits, Joins Infibeam as President

Jason Kothari the former chief executive of Snapdeal is joining Ahmedabad-based online e-commerce platform Infibeam as President. In the sudden move, Kothari will now hold company's lead strategy, corporate development, international operations, and investor relations process. According to the press release, the company said, Kothari will help drive infibeam next phase of growth with the leadership team, it added. Jason Kothari said, "I'm very excited and happy to work with Mehta and the team at Infibeam to help accelerate the company's expansion. Earlier, Kothari served as the Chief Strategy and Investment Officer at Snapdeal. Now Snapdeal CFO Vikas Bhasin has taken over the responsibilities of Snapdeal. "Jason joins us with a history of high-impact business and strategic lead...

SoftBank Corp. To Invest Billions In Indian Solar Power Project

15Jun By Gauri SinghNo Comments

FUNDING

SoftBank Corp. To Invest Billions In Indian Solar Power Project

Japanese holding company, Softbank Group Corporation is determined to invest funds amounting to $60 billion to $100 billion in a solar power project in India. According to the reports, the funds being invested in the project are supposedly raised by the Softbank from the Saudi Arabia’s government. Saudi Arabia is the biggest investor in the Softbank’s Vision Fund, which was backed by an amount of $93 billion last year. After all the arrangements and preparations for the deal are done, both the parties that are Softbank and Indian government will make an official announcement for the same. Softbank was initially started as a telecom firm but it now has handed in a number of different areas, including e-commerce, finance, broadband, marketing, and more. The company has taken on an a...