India | Pixr8 News

13May By NitishNo Comments

FUNDING

Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures

Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures. The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in this round. "ShabdaNagari team's thorough understanding of the Hindi speaking market and their innovative solutions to the various requirements make them stand apart. The positive results we have witnessed in the last one year makes us confident that ShabdaNagari is soon to be the biggest player in this niche category." said Harshad Lahoti, founder and CEO of ah! Ventures. ShabdaNagari had earlier raised Rs 1.2 crore from Kanpur Angels and a clutch of other...

10May By Press Trust of IndiaNo Comments

INDIA

UAE-Based Indian Firms To Invest USD 3.6 Billion In UP

DUBAI: Five leading Indian-owned businesses in the UAE will invest over USD 3.68 billion in infrastructure and industrial development initiatives in Uttar Pradesh after an MoU was signed in this regard during an investment forum held in Dubai. The move comes after UP Chief Minister Akhilesh Yadav had launched an ambitious programme to boost all-round development of the state by attracting NRI investments from across the globe, especially from the Middle East. The UAE-based Indian companies signed a Memorandum of Understanding with the state government which was represented by a high-level delegation of officials who visited the UAE on Thursday. The names of the investors will be announced by the UP government in the coming weeks. The companies pledged to invest in the state's ...

10May By Press Trust of IndiaNo Comments

INDIA

Delhi Metro Train Maker Bombardier is Eyeing Up to $1 Billion Business From India

Banking big on the governments thrust to boost infrastructure, global transportation player Bombardier is eyeing up to USD 1 billion business from India in the next five years from USD 300 million, at present, its chief Laurent Troger has said. Bombardier counts India among top markets for its railway business and has invested over USD 100 million in the past two decades. The firm is also a collaborator in the governments ambitious Make in India drive and is the largest supplier of the Delhi Metro. "We expect that in five years we will double our business in India. We can reach between USD 700 million and USD 1 billion... India, in the overall landscape of Bombardier Transportation, is a significant country. The climate now is very favourable, if we look for investment," Bombardi...

Railways Denied Reports of Data Leak From IRCTC Website

5May By AnkitaNo Comments

News

Railways Denied Reports of Data Leak From IRCTC Website

Railways today dismissed reports about the leak of email and mobile numbers from user profile data of Indian Railway Catering and Tourism Corporations (IRCTC) e-ticketing system and said everything is safe and secure. There is no hacking nor any leakage of IRCTC ticketing website and everything is safe, Railway Board Member (Traffic) Mohd Jamshed told PTI. He was replying to a query about reports citing cyber officials in Maharashtra regarding alleged leak of email and mobile numbers from user profile data of IRCTC e-ticketing system. He said the security system has already been reviewed twice in the recent past. Railways constituted a committee comprising cyber experts and vigilance officials from IRCTC and Centre for Railway Information Systems (CRIS) on May 3 to check the po...

NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs

5May By AdityaNo Comments

News

NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs

The trade body of Indian IT firms NASSCOM has signed a MoU with Facebook to build a product design initiative to engage the country's young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley this week, the NASSCOM-Facebook initiative is likely to propel innovative thinking and approaches to build solutions in key sectors where technology can play a transformational role, NASSCOM President R Chandrashekhar said. "This is a joint initiative to catalyse the innovation ecosystem and to help design thinking. Today, we are at an inflection point where the industry is at the next phase of revolution and moving towards the whole startup and innovation part, which is coming on the heels of the two-decades-old of the growth of the services company," Chand...

IRCTC Website Hacked, Transaction Data Were Compromised

5May By NitishNo Comments

News

IRCTC Website Hacked, Transaction Data Were Compromised

Maharashtra Police has informed the Indian Railways about the suspected hacking and theft of data from the Indian Railways Catering and Tourism Corporation (IRCTC) website. The IRCTC is India's biggest travel e-commerce website, where lakh of transactions are conducted every day. The website has lots of sensitive information such as the PAN card numbers of the customers, their safety and security questions and other such personal information. IRCTC PRO said that the police is yet to share the data with them, after which they would look into the matter and issue a detailed statement. "IG Maharashtra police cyber cell has informed IRCTC about Data theft from its website but the details of the said data are still to be shared with IRCTC. IRCTC will be issuing a detailed press note late...

5May By Press Trust of IndiaNo Comments

INDIA

India to cross 500 million Internet users this year: Ravi Shankar Prasad

The number of Internet users in the country is likely to reach 500 million this year, Telecom Minister Ravi Shankar Prasad said today. "India has grown to around 400 million Internet users. If we take Trai numbers then it is somewhere close to 332 million. As per service providers, they were telling me that up to date it is 402 million. We were to have 500 million users by 2017, I feel it will happen this year itself," Prasad said while launching Digital Desh Drive 2. India has now over 100 crore mobile subscribers, he added. As per the official data shared by him in Lok Sabha today, the total mobile subscriber base at the end of February has 98.2 crore GSM mobile users and 4.45 crore subscribers on CDMA network. ALSO WATCH: Live Coverage of Digital Desh 2.0 – An Introducti...

Rise of the Home Health Care Industry in India

4May By Sonia MotwaniNo Comments

Story

Rise of the Home Health Care Industry in India

The Home Healthcare industry in India was once an unorganized and scattered division with the lack of appropriate technology and a proper business model. However, the scenario has changed in the last few years with new entrepreneurs and investors focusing their interest towards the hugely potent sector whose worth was evaluated at a whopping $2.2 billion in 2013 by a reputed consulting firm. Further, the projected rate of growth is said to be 8 percent per annum till 2020 which is again quite promising, to say the least. With an aging population and an increase in the type of chronic illness, there is an increase in the need of quality health care. With the current hospitals and conventional health care system seeming too inconvenient to access, the home healthcare industry has a massiv...

PM Modi to Launch Solar-Powered Boats on River Ganga in Varanasi

1May By No Comments

INDIA

PM Modi to Launch Solar-Powered Boats on River Ganga in Varanasi

Prime Minister Narendra Modi will today visit his Lok Sabha constituency Varanasi where he will launch solar-powered boats for plying on river Ganga. Prime Minister Modi would be distributing 11 solar-powered 'e-boats' at the Assi Ghat. "Particularly excited to launch a scheme for environmentally friendly e-boats at Assi Ghat. These will help bring down pollution. The e-boats will also bring down operational costs thus ensuring higher incomes for those who earn their livelihoods through such boats," he said in a series of tweets. Later, the Prime Minister will also distribute 1,000 e-rickshaws and also hold a chaupal with rickshawpullers. Before launching the e-boats, he will meet 100 prominent people from the district to discuss about the development of Varanasi. "In Varanasi ...

30Apr By AnkitaNo Comments

INDIA

India Can Save USD 50 Bn if Logistics Costs are Brought Down to 9 Pct of GDP: Study

India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country's gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today. "With expected inflow of new investments owing to government's thrust on promoting domestic manufacturing sector, India's cargo and logistics industry is likely to clock a compounded annual growth rate of about 16 percent during the course of next few years," noted the study on 'Cargo and logistics industry in India,' conducted by ASSOCHAM jointly with knowledge firm Resurgent India. "The Make in India campaign will see investments connect India to global production networks that would generate new business for logistics in ...

Uttar Pradesh Rolls Out Major Incentives to Boost Startups

29Apr By Press Trust of IndiaNo Comments

INDIA

Uttar Pradesh Rolls Out Major Incentives to Boost Startups

In a bid to boost startups, particularly in the information technology sector, the Uttar Pradesh government has waived off the stamp duty on land purchased for building offices or built-up offices, an official said on Friday. This has been done under the IT and StartUp Policy-2016 rolled out by the Akhilesh Yadav government. However, the government has put a rider that these units getting exemptions must commence their operations within the next three years. Similarly, the electricity duty for these units has been waived off for almost five years. It has also been decided to provide grants to these units to contribute to the employees' provident fund.

Anil Kapoor Backed Social Video Platform Goes Live in India

29Apr By AdityaNo Comments

News

Anil Kapoor Backed Social Video Platform Goes Live in India

Backed by renowned Bollywood actor and International Celebrity, Anil Kapoor, Indi.com registers its presence in the Indian market with a dedicated platform. As a social video platform for millennials and beyond, Indi.com aims to democratize talent discovery and boost social media engagement for brands, whilst integrating multiple popular platforms like Facebook, Twitter and Instagram. Initially serving as an online artist consortium, Indi.com was incepted in 2012 in Southern California. Today being accessed by people from over 200 countries, the platform works as an extensive resource for brands to drive more meaningful and deep-rooted social media engagement. Brands can initiate challenges and contests which the user will participate in by creating original content at Indi.com and s...