Monday, May 20

Tag: UP

Bollywood Actor Ajay Devgn Launched His Multiplex Theater in UP, 50 More Into Pipeline
INDIA

Bollywood Actor Ajay Devgn Launched His Multiplex Theater in UP, 50 More Into Pipeline

The popular Bollywood actor Ajay Devgn has launched a theatre under the name ‘NY Cinemas’ in Ghazipur, a city in Uttar Pradesh. The actor from the previous year has been working simultaneously towards establishing a chain of multiplexes. Ajay acquired six single-screen theaters in Uttar Pradesh last year with an aim to transform into modern multiplexes. He mainly tries to focus on those areas that have a sizeable audience for Bollywood films but lack multiplexes. His first multiplex has now been launched in Ghazipur. NY Cinemas is a venture started by Ajay Devgn and with this, he plans to launch a 100 new multiplex theatres across India. He has entrusted Mumbai-based creative agency known as Colour Craft Studio (CCS) with creating a brand and cinema styling strategy that will give In...
UP Assembly Polls: BJP Ahead in 305 Seats, Leaders Credit ‘Modi wave’
INDIA

UP Assembly Polls: BJP Ahead in 305 Seats, Leaders Credit ‘Modi wave’

The BJP and its allies marched ahead in 305 Assembly seats in Uttar Pradesh as per trends from all the 403 seats, which showed the SP-Congress coalition leading in 68 places and BSP in only 20. Trends available till midday showed that the saffron party and its allies Apna Dal (Soneylal Patel) and Suheldev Bhartiya Samaj Party (SBSP) were way ahead, relegating rivals SP-Congress combine and the BSP to the second and third slots. The fledgling SP-Congress coalition was ahead in 70 seats (SP in 59 and Congress in 11), while BSP trailed far behind with leads in only 18 places. Gayatri Prajapati, who is absconding after the UP Police booked him in an alleged gangrape case and attempt to rape a minor, was trailing in Amethi, where Garima Singh (BJP), the first wife of Congress leader...
Paytm Payment Bank Received 218 Cr Funding From Vijay Shekhar Sharma & One97 Communications
FUNDING

Paytm Payment Bank Received 218 Cr Funding From Vijay Shekhar Sharma & One97 Communications

Vijay Shekhar Sharma, founder and CEO of Paytm & One97 Communications infused 218 Cr in its new venture Paytm Payments Bank. According to the report Vijay Shekhar will invest Rs 111 Crore and while One97 Communications Invest 107 Crore out of Rs 218 crore fresh capital. The payment bank will start operations this month from Uttar Pradesh. Earlier in January, Paytm received RBI nod to start the bank. Till date, Paytm Payments Bank has issued 2,18,000,000 shares to the three shareholders. In others, Airtel Payments Bank and India Post Payments Bank already launched their operations. In December Paytm CEO has sold his 1% equity of Paytm's parent firm One97 Communications for about Rs 325 crore. The amount he received will be invested in the payments bank. Sharma holds 51% stake i...
Chinese Smartphone Maker Oppo Plans $216 million Industrial Park in Greater Noida
News

Chinese Smartphone Maker Oppo Plans $216 million Industrial Park in Greater Noida

Betting big on the booming Indian smartphone market, Chinese smartphone maker Oppo is planning an industrial park in Greater Noida which will house a manufacturing unit. "We already have a production unit in India and the SMT (surface-mount technology) centre is now undergoing the furnishment...it will be finished in February. Also, with regard to the industrial park, we will have the agreement signing press conference at the end of next month," Sky Li, vice president of Oppo and managing director of international mobile business and President of Oppo India. He said the industrial park is spread over 1,000 acres and entails investment of about 1.5 billion RMB (Renminbi) yuan or about USD 216 million. Oppo already has manufacturing operations in Noida. Exuding confidence on the co...
UAE-Based Indian Firms To Invest USD 3.6 Billion In UP
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 ...
These Two Young Guns Desire To Make Plastic Free Lucknow in Just Rs 2
Story

These Two Young Guns Desire To Make Plastic Free Lucknow in Just Rs 2

The synthesis of plastic was the polymer revolution remarked as a marked milestone for the modern industrial revolution. Almost 42% objects we use today in our daily life are composed of plastic. Plastic is an organic product though, but it has been a biodegradable curse on our ecosystem for long. We have been studying about the negative effects of the plastic bags on our ecosystem ever since the Environmental education was introduced in the school curriculum, but nothing substantial has been done about it. Plastic was made to be everlasting, as a polymer that would pass the test of time, but little was known that it will become a non-biodegradable curse on our ecosystem. The usage and then consumption of the plastic bag became so excessive that the government decided to impose heavy...
Uttar Pradesh Rolls Out Major Incentives to Boost Startups
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.
Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt
News

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

Mobile app for transportation, Ola has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh in order to generate entrepreneurship opportunities along with skill development for 50,000 men and women across the next five years. Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh, giving them instant access to reliable and convenient mobility. "The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of UP in the last three years ha...