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Indian Govt. Asks Google To Choose Telecom Partner For Loon Project

1Mar By NitishNo Comments

News

Indian Govt. Asks Google To Choose Telecom Partner For Loon Project

The government has asked technology giant Google to select a telecom operator in India for testing its Loon Project, the balloon-based Internet technology. "Google wants to test the Loon Project in expensive and scarce spectrum bands. It has been asked to partner with any telecom operator that can meet its requirement and then approach the government for testing Loon," an official said. "This approach should resolve the spectrum band sought by Google as well as security to some extent," the official added. The Loon Project is a research and development project being developed by Google X with the mission of providing Internet access to the rural and remote areas. The project uses high-altitude balloons placed in the stratosphere at an altitude of about 18 km to create an aerial...

29Feb By AnkitaNo Comments

INDIA

Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women

New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in this year's August 15 Independence Day address to the nation. The campaign is focused on restricting the role of states in the policy domain and to get rid of the so-called "license raj", besides other ...

Indian PM Narendra Modi Communicating With Young India

28Feb By NitishNo Comments

Story

Indian PM Narendra Modi Communicating With Young India

Invoking eminent personalities like JK Rowling and Thomas Edison, Prime Minister Narendra Modi in his 17th edition of Mann ki Baat on Sunday gave a message of encouragement to the students who are set to appear for the upcoming board exams, saying that they need to hone 'discipline' as it was bound to help them focus in their studies and therefore have great results. The Prime Minister also played a special message by Indian cricket legend Sachin Tendulkar and Chess maestro Vishwanathan Anand for the students preparing for the exams. Here are the highlights from the Prime Minister's address: 1. I am sure your mind is on the exams of your children that is starting or may have started: PM Modi. 2. If we change our perspective towards the concept of examinations, then it can help ...

28Feb By AdityaNo Comments

INDIA

Indian Government Allows Third Party Certification For Ease of Doing Business

New Delhi: A Department of Industrial Policy and Promotion (DIPP) committee has advised credible third party certification in most areas of government regulation to further facilitate ease of doing business in the country. The committee, which was headed by former DIPP secretary Ajay Shankar realeased a full page report and said once government allows third party certification, multiple players could emerge within a year’s time. As a deterrent, however, the committee suggested that some percentage of such certification should be subjected to random audit with stiff penalties leading up to even withdrawal of accreditation for laxity. The committee was set up in April 2015 to examine the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism and to p...

22Feb By PriyankaNo Comments

News

40,000 Crores Service Industry Found a Aggregator Platform Foodcentral, Founded by IIT Kanpur Alumni

The world is changing faster than ever. And with every change comes an opportunity for people to come together for one reason or the other. There are countless social gatherings possible, personal or professional. And with every possible social gathering, it becomes imminent for somebody to host the gathering. The catering services industry in India has been consistently growing at the annual growth rate of 15 to 20 percent and in 2016, is expected to attain the worth of INR 40,000 crore. One good thing about the Indian catering industry is that despite the tumbling stock market and recessive economy, it didn't have a direct impact. You may ask why? Well, since it is not directly related to how the market behaves, it is more of a personal thing than strict business. The catering s...

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16Feb By AdityaNo Comments

FUNDING

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, today announced an investment in BetterPlace Safety Solutions, a Bangalore-based digital background verification solution provider aiming to create “A Better Place For A Billion+ Indian Citizens By SAFE Powering Them”. Founded in 2015 by Uday Singh, currently the Group CEO of SIS Group and Pravin Agarwala, former Global head of Cloud ERP Development at SAP, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. From verifying the credentials of a potential tenant, to hiring a maid, to fulfilling the workforce hiring requirements of large organizations, B...

Kirthiga Reddy, Facebook India Head Quits

13Feb By AnkitaNo Comments

News

Kirthiga Reddy, Facebook India Head Quits

So the results of Free Basics Failure has taken the first bite and it's none other than the first employee of facebook in India and Head of Facebook India, Krithiga Reddy. Krithiga Readdy mentioned this news on her facebook post - When my family relocated to India, we knew that we would move back to the US some day. It’s a bittersweet moment to share that the return timeframe is coming up in the next 6-12 months. Our two daughters start high school and middle school this coming year— which serves as a natural transition point to make this move back. I could not be more excited about where the Facebook business is in India, where we are going and what’s to come. Over the last six years, starting as the first employee for Facebook in India, I have had the privilege to be part of our a...

5nance Solving Money Problems of 98% Indians

12Feb By Sonia MotwaniNo Comments

Story

5nance Solving Money Problems of 98% Indians

Less than 2% of the Indians know where to invest, and the rest need guidance and advisory support to plan their financials. While Dinesh Rohira was working at Microsoft, he had conceptualized and delivered an online platform for distribution of all investment products. “This triggered the idea of financial planning to be provided via a technology platform that can address the masses (the 98%) who don’t know much about investments,” says the founder Dinesh. He started up 5nance.com with Ajay Arjit Singh to solve the problem of money management. All our personal experiences and financial decisions are taken basis an excel sheet. It becomes the most enabling factor towards all our personal finances. The same was experienced by the founders which made them start a Proactive Money Management ...

Net Neutrality: Facebook Shuts Free Basics Programme in India

11Feb By Press Trust of IndiaNo Comments

News

Net Neutrality: Facebook Shuts Free Basics Programme in India

New Delhi: In a boost to net neutrality, Facebook has decided to shut down its controversial 'Free Basics' programme in India, following telecom regulator Trai's move to bar operators from charging different rates for Internet access based on content. Facebook had met with severe criticism for its programme, which aimed at providing basic Internet access to people in partnership with telecom operators. Critics saw this as violation of the principle of net neutrality that states that entire Internet should be available to everyone on equal terms as Free Basics allowed access to selected websites. "Free Basics is no longer available to people in India," a Facebook spokesperson said in an emailed response. The service was available in India with Reliance Communications. In Decembe...

First Indian Unicorn Startup is Going to Be Profitable in 2016

8Feb By reutersNo Comments

News

First Indian Unicorn Startup is Going to Be Profitable in 2016

Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year. The result comes as Zomato seeks $200 million in funding, a source close to the group said, in an increasingly tough environment for start-ups. Zomato, which makes money through advertising and its delivery service, said it had hit operational break-even in India, the UAE, Indonesia and three other markets in the Middle East and Southeast Asia. Together, they account for the three-fourths of the company's revenue, co-founder and chief executive Deepinder Goyal told Reuters. "The fundamental model of our business is that in mature markets we...

Mobile Phones Production in India May Reach 500 Million in 2 Years

8Feb By Press Trust of IndiaNo Comments

News

Mobile Phones Production in India May Reach 500 Million in 2 Years

NEW DELHI: Mobile phones manufacturing in India may reach 500 million units in coming two years on the back of the good base of talent and an incentive policy, a top Department of Telecom (DoT) official said today. This year, India produced 100 million phones as compared to 45 million last year. "The number of phones being manufactured was 10 million sometime back (which increased) to 45 million last year and 100 million this year. The time has come when we will reach 500 million, maybe in 2 years," Telecom Secretary J S Deepak said here. He was speaking on the second day of a seminar on Telecom and Broadcasting theme - ART (Adjudication, Regulation, Telecommunication) of Convergence, TDSAT. He added that apart from phones, the differential tariff is helping domestic manufa...

Reduce The Size of The ‘Government’, But Do Not Compromise on the ‘Governance’- Nirmala Sitharaman at SRCC Business Conclave

3Feb By NitishNo Comments

INDIA

Reduce The Size of The ‘Government’, But Do Not Compromise on the ‘Governance’- Nirmala Sitharaman at SRCC Business Conclave

New Delhi- SRCC Business Conclave 2016, first day has been concluded. Session's about the new skill set and mindset of the entrepreneurs, entering the world of Start-ups was discussed including founder's like Mr. Ankit Bhatt (Founder, MapMyIndia), Mr. Kashyap Deorah (Author, ‘Golden-tap’), Mr. Rajesh Gupta (CEO, Fresh Falsabzi), Mr. Ankur Warikoo (Founder, Nearbuy), Mr. Saurabh Kochar (CEO of FoodPanda). The most heavyweight Panel Discussion was followed by an interactive session between Mr. Rajdeep Sardesai and Mrs. Nirmala Sitharaman, throwing light on the government’s role in galvanizing new ideas, and encouraging start-ups. Saurabh Kochar, CEO of FoodPanda - "India has more than 3 crores of small and new businesses, all they need to think about is whether their ideas are big enou...