India | Pixr8 News

5May By PriyankaNo Comments

INDIA

India is Set to Launch GSAT-9, A Gift to India’s Neighbours By PM Modi

India is set to launch its Geostationary Communication Satellite (GSAT-9), the South Asia Communication Satellite, that will boost connectivity among nations in the region. Prime Minister Narendra Modi had announced that the South Asia Satellite would be India's "priceless gift" to its neighbouring countries on his Mann ki Baat programme on Sunday. The satellite, which costs around Rs 235 crore, will blast at 4.57 PM. The Geostationary Communication Satellite, built by the Indian Space Research Organisation (ISRO), will blast off from the Satish Dhawan Space Centre at Sriharikota, about 135 km from here. GSAT-9, considered as a gift to its South Asian neighbours, is all set to ride piggyback on the space agency's rocket GSLV-F09 with indigenous Cryogenic Upper Stage. ISRO Chair...

Indian Startup Funding Sees Major Slowdown in Jan-Mar

4May By Press Trust of IndiaNo Comments

ANALYSIS

Indian Startup Funding Sees Major Slowdown in Jan-Mar

The startup sector is not completely out of the woods as it saw a drop in investment of 36 per cent year on year at USD 236.81 million for the March quarter as investors are wary of early and mid-stage funding. According to a News Corp VCCEdge report, the startup sector saw 165 deals worth USD 236.81 million in the January- March quarter of 2017 while in the same period last year, it stood at USD 368.68 million by way of 314 deals. The report noted that early-stage funding went down as investors preferred to pump in money late. Angel and seed investments slumped both in volume and value terms, with deal volumes down to half with 120 deals in January-March compared to 245 in the same period of 2016. "A rise in Series-B funding even as seed and Series-A funding trends show a decl...

1May By Press Trust of IndiaNo Comments

INDIA

India Will Receive $35-40 Billion Worth Impact Investments By 2025

India is projected to see impact investments worth up to USD 40 billion by 2025 as the country is in a "sweet spot" with high potential to deliver solutions for various problems, according to global grouping GIIN. Based in New York, the Global Impact Investing Network (GIIN) is a not-for-profit group that works to promote impact investments and has around 230 members. Generally, impact investments refer to those made with the aim of having a social and environmental impact along with the investors getting financial returns. GIINs Advisor for South Asia, Anil Sinha said, there has been tremendous development in India around impact investing activities in the last five years and the country is in a sweet spot. "In India, about USD 4 billion has been invested as part of impact inv...

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

1May By RishabhNo Comments

Entrepreneurs Talk

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

Yoga guru Ramdev said today that Patanjali Ayurveda, promoted by him, will steal the march over multinational firms manufacturing consumer products. Comparing them to the East India Company that had entered the country with a purpose to "loot", Ramdev said that he aims to make India free from the MNCs. He said that the MNCs here were not working for the countrys development, rather their sole objective was to "loot" India. "Patanjali agle panch varshon mein in videshi kampaniyon ko moksh de degi ( Patanjali will finish the MNCs up from the Indian market in next five years)," he said. He was speaking at a function organised here to mark the birth anniversary of Yogi Bharat Bhushan. "In the next five years, Patanjali would educate the farmers about the latest techniques in far...

27Apr By Ankita SinghNo Comments

INDIA

Big Economy Boost- Indian PM Flags Off First Flight Under UDAN Scheme

Prime Minister Narendra Modi today inaugurated the maiden Shimla-New Delhi flight under a government scheme called UDAN or "Ude Desh Ka Aam Nagrik" to boost regional air connectivity. The flight is being operated by Alliance Air, a subsidiary of Air India. The airline has deployed its 42-seater ATR plane on this sector. The prime minister also simultaneously flagged off regional connectivity scheme (RCS) flights on the Kadapa, Hyderabad and Nanded-Hyderabad sectors through video- conferencing. With the RCS scheme, the government aims at connecting 45 unserved and under-served airports and make flying affordable by capping fares at Rs 2500 per seat/ hour. Five airlines were awarded 128 routes under the scheme last month after a bidding process. Under t...

25Apr By RishabhNo Comments

INDIA

Indian Space Agency ISRO Develops “Solar Calculator” Android App

The Indian Space Research Organisation (ISRO) today said its Ahmedabad-based Space Applications Centre has developed an android app for computing the solar energy potential of a place. Developed at the behest of the Union Ministry of New and Renewable Energy, the app is considered to be a "very useful" tool for installation of photovoltaic (PV) solar panels that is used for tapping solar energy, it said. The ISRO said the app provides monthly and yearly solar potential and the minimum and the maximum temperatures at any location. It also displays the location of a place on the satellite image as well as the days length there during different periods in a year. According to the ISRO, features of the app include providing of solar energy potential at any given location, the requ...

22Apr By reutersNo Comments

INDIA

India Plans Home Delivery of Petroleum Products

India is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel stations, the oil ministry tweeted on Friday. About 350 million people come to fuel stations every day, it said. Annually 25 billion rupees (USD 387.00 million) worth of transactions takes place at fuel stations. India, the world's third biggest oil consumer, will be introducing daily price revision of petrol and diesel in five cities from May 1, ahead of a nation-wide roll out of the plan. “Options being explored where petro products may be door delivered to consumers on pre booking” @dpradhanbjp (1/2) — Petroleum Ministry (@PetroleumMin) April 21, 2017 “This would help consumers avoid spending excessive time and long queues at fuel stations...

Royal Enfield Rides into Brazilian Market

21Apr By Press Trust of IndiaNo Comments

INDIA, News

Royal Enfield Rides into Brazilian Market

Niche bike maker Royal Enfield today announced its entry into Brazil, the fourth largest two-wheeler market in the world. The company has entered the Latin American country with three models-- Bullet 500, Classic 500 and the Continental GT cafe racer. It has set up its second direct distribution subsidiary outside India in Brazil, with having established the first such entity in the US in 2015. The newly-formed subsidiary - Royal Enfield Brazil - at Sao Paulo will sell bikes to dealers, as well as conduct all front-end development and support activities such as marketing and after-sales in the country. A flagship store has also been opened in the city. "We are delighted to be formally entering Brazil, and are able to offer our motorcycles to a whole new group of customers, that...

BHIM App Reaches Near 20 Million Downloads

21Apr By AdityaNo Comments

INDIA

BHIM App Reaches Near 20 Million Downloads

Indigenous digital payments app BHIM has recorded close to 20 million downloads so far, NITI Aayog CEO Amitabh Kant on Tuesday said. "We have close to 20 million downloads of BHIM app," Kant said at an event here. On December 30, Prime Minister Narendra Modi had launched the app for fast and secure cashless transactions using mobile phones. BHIM is a platform designed to make payment through UPI and USSD modes simpler. Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post demonetisation.

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

21Apr By kriti singhNo Comments

FUNDING

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

Hero Enterprises Chairman Sunil Kant Munjal today committed an investment of Rs 100 crore in a new fund of social venture capital firm Aavishkaar -- Aavishkaar Bharat Fund. The fund is sixth by Aavishkaar and a Sebi-registered category II alternative investment fund (AIF). "At this stage in India's evolution, it is clear that for the entire country to develop, rural areas and underprivileged citizens must become part of the economic miracle, not through charity, but through real opportunities," Munjal said in a statement. The fund, targeting a corpus of Rs 2,000 crore will invest in businesses that deal in under-served population in sectors such as agriculture, financial services, healthcare, waste and sanitation, renewable energy and logistics and supply chain. Aavishkaar Foun...

95% Engineers in India Unfit For Software Development Jobs

21Apr By Press Trust of IndiaNo Comments

ANALYSIS

95% Engineers in India Unfit For Software Development Jobs

Talent shortage is acute in the IT and data science ecosystem in India with a survey claiming that 95 per cent of engineers in the country are not fit to take up software development jobs. According to a study by employability assessment company Aspiring Minds, only 4.77 per cent candidates can write the correct logic for a programme — a minimum requirement for any programming job. Over 36,000 engineering students from IT related branches of over 500 colleges took Automata — a Machine Learning based assessment of software development skills — and over 2/3 could not even write code that compiles. The study further noted that while more than 60 per cent candidates cannot even write code that compiles, only 1.4 per cent can write functionally correct and efficient code. “Lack of p...

pCommerce- The Global Perspective of ‘People’ in India

20Apr By No Comments

BLOGS

pCommerce- The Global Perspective of ‘People’ in India

World is appreciating and recognizing ‘people’ from India, then why is India lagging to figure out the projection of investment from its own ‘people’? Why isn’t India able to harvest it and reap itself huge pool of benefits? Japan has leveraged its cultural emphasis on ‘efficiency and team work’, to revolutionize the manufacturing and engineering industries. The Republic of Korea (Korea) has utilized its cultural emphasis on ‘speed’, and it has built some world-class companies such as Samsung and LG. China has sustained a GDP growth of more than 10% for more than two decades by virtue of its ‘ability to scale’. The United States of America (USA) and Israel have leveraged the diversity of their populations to lead innovation globally. I firmly believe that now it is India’s turn ...