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Shri Ravi Shankar Prasad, Union Minister of Law & Justice, Communications and Electronics & Information Technology, has unveiled a series of new initiatives by the Ministry of Electronics & Information (MeitY) in the first MeitY Start-up Summit held today at New Delhi. Speaking on the occasion Shri Ravi Shakar Prasad stressed that there is great…
StoveKraft, the Sequoia backed, kitchen appliances company, has appointed Rajiv Mehta as its Chief Executive Officer (CEO). Rajiv, is a seasoned retail professional and has had senior and leadership level stints with some leading brands. He has earlier been with Puma as the Managing Director, and Arvind Fashion Brands Ltd & Arvind Sports Lifestyle Ltd…
Karnataka government has announced a 4.75 percent hike in dearness allowance (DA) for its employees, ahead of Diwali. Chief Minister BS Yediyurappa has also announced an additional Rs 1,000 as hardship allowance for police personnel, along with a revision in their salaries. Post this hike, the DA will increase from 6.50 % to 11.25 %…
Former Jet Airways chief executive Vinay Dube has joined GoAir in an advisory role. GoAir is an Indian low-cost airline based in Mumbai, India. It is owned by the Indian business conglomerate Wadia Group. Dube had exited Jet Airways, earlier in May 2019, almost a month after the airline ceased operations due to severe liquidity…
A group of whistleblowers at Infosys, identifying themselves as “Ethical Employees” in their letter, have alleged that Infosys CEO Salil Parekh has been fudging the company’s financials and inflating profits in recent quarters. According to the whistle blowers, as stated in their letter, CFO Nilanjan Roy has been compliant and is also involved. In their…
Swiggy, India’s food delivery unicorn, has seen rapid expansion since it started. The company, founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini in August 2014, was a late entrant as compared to Food Panda ( now owned by Ola), and Zomato, but has taken over the market and has emerged as the leading brand…
Former President and Chief Operating Officer of Times Global Broadcasting, Nikhil Gandhi, has been appointed as India head for TikTok. Tiktok is an iOS and Android social media video app for creating and sharing short lip-sync, comedy, and talent videos and was launched in 2017 by ByteDance. It has over 200 million users. Nikhil will…
Gurugram-based legal tech startup Legalkart has raised a seed funding of around $492,000 from a clutch of angel investors. It was founded by Arvind Singhatiya, Partha Sen and Deepak Prajapati in 2018. According to Arvind Singhatiya, Founder and CEO, Legalkart – through this app they are looking at – “Making every step of a legal…
In the recently announced India Innovation Index 2019, Karnataka tops the list and is followed by Tamil Nadu, Maharashtra, and Delhi. NITI Aayog with Institute for Competitiveness as the knowledge partner have been responsible for the study towards the release of India Innovation Index (III) 2019. The study is in line with the thought that…
Tata Consultancy Services (TCS) India’s leading global IT services company has been voted the Overall Most Outstanding Company in India and the Most Outstanding Company in India in the IT Services sector in Asiamoney’s 2019 Asia’s Outstanding Companies poll. TCS has also been recognized as the most awarded company of the decade in India for…
Bengaluru-based mobile-based dermatology consultation platform, Remedico has raised $500,000 in a seed round from Venture Catalysts. It was Founded by Ranjit Bhatia in 2017. Ranjit was earlier associated with Craftsvilla where he had come on a secondment from Sequoia and moved on to become the VP of Product. This funding round also had participation from…
During the 15 day Apprenticeship Pakhwada organised by Ministry of Skill Development & Entrepreneurship (MSDE), the industry has committed to engage 4.5 lakh more apprentices with States committing another 2.5 lakh apprentices. The National Apprenticeship Programme plays an important role in upskilling India’s workforce. In 2016, the Government had introduced comprehensive reforms to the Apprenticeship…
Bengaluru-based security management startup for gated communities MyGate has raised $56 million as part of its Series B funding. The company was named one of India’s most innovative start-ups by Inc 42 in 2018 and one of India’s coolest start-ups by Business Today in 2019. The company was founded in 2016 by Vijay Arisetty. The…
CleverTap, a SaaS based mobile analytics and mobile marketing company based in California, has raised $35 million in a Series C round, led by existing investors Tiger Global Management and Sequoia Capital. With this round of funding, the company is valued at $385 million. CleverTap’s customer lifecycle and user retention platform leverages machine learning to…
Uber continues to downsize its global team amid mounting losses. Its its recent round of downsizing the company will layoff about 350 employees. The company has had a history of bleeding money amidst increased competition in the US and abroad. The company had a disappointing IPO in May, and since then the company has been…