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Pradhan Mantri Innovative Learning Programme- ‘DHRUV’ is being launched today from Indian Space Research Organisation (ISRO) Headquarters at Bengaluru. In the first batch, 60 outstandingly talented students from the science and arts stream from classes 9 – 12, have been selected for the program. These students will get together and have the opportunity to discuss…
NeuroLeap, a brain enhancement & mental health venture, founded by Kumaar Bagrodia, has raised an undisclosed amount of funding from Rajashree Birla, Chairperson, Aditya Birla centre for community initiatives & rural development and Sminu Jindal, MD, Jindal Saw & founder chairperson, Svayam. NeuroLeap uses advanced BCI Brain Computer Interface technology to safely understand brain activity…
Recently, PwC announced that it will spend $ 3 billion in upskilling PwC people, developing new technologies and sharing technologies to support its clients and communities. This announcement formed a part of the release of the company’s performance for the 12 months ending 30 June 2019. PwC’s revenue grew across all lines of business and…
Yes Bank, one of the key private sector banks in India, has announced big bonuses to retain its existing employees. It is understood that these bonuses will be in the form of deferred payouts spread over the year. As per some news reports the bonus will be given in 30:40:30 ratio, getting credited every four…
The Union Cabinet has approved a 5 % hike in Dearness Allowance for central government employees. This was announced today (9th October) by Union Minister Prakash Javadekar. The approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners will be effective from July 2019, and…
Zero commission bank, Marquee Equity, has released its accredited investor platform, which helps seed stage companies get meetings with angel investors across the U.S. and internationally. “We have traditionally focused on delivering a stack that helps customers get in front of institutional investors. Doing this, we’ve been able to map out and provide access to…
The ŠKODA AUTO led Volkswagen Group India, having secured the prerequisite regulatory and statutory approvals, announced the transformative merger of its three passenger car subsidiaries – Volkswagen India Private Limited (VWIPL), Volkswagen Group Sales India Private Limited (NSC) and ŠKODA AUTO India Private Limited (SAIPL). The entity will be led by Mr. Gurpratap Boparai, who…
U GRO Capital inked it first securitization transaction of around INR 25 crores with Poonawalla Finance Pvt. Ltd. on lst Oct and followed it up by issuing its first NCD totalling of around INR 50 crores subscribed to by Sachin Bansal in his private capacity. U GRO headquartered in Mumbai, is focused on addressing capital…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc plans to lay off up to 10,000 staff jobs globally ( as per a Financial Times report.) These job cuts are seen as an outcome of shifts in the global banking sector, falling interest-rates, trade war between China and the United States and uncertainties stemming from…
Info Edge (India) will be investing about Rs 35 crore in Greytip Software, a provider of cloud HR and payroll software solutions. Greytip was founded in 1994 and started focusing on software as a service (SaaS) in 2011. It has over 9,000 customers spread over 150 cities in India and the Middle East. A number…
DB Corp (DBCL), India’s largest print media company and home to flagship newspapers, Dainik Bhaskar, Divya Bhaskar, Divya Marathi, appointed Pathik Shah as the Chief Executive Officer for DB Digital, its digital products business. Pathik will be responsible for driving the digital business at Dainik Bhaskar. Prior to joining Dainik Bhaskar, Pathik was associated with…
India’s leading Hospitality unicorn OYO Hotels and Homes is on way to raise USD 1.5 billion in its latest latest round of funding. This round will be directed at its expansion in the US and towards strengthening its vacation rentals business in Europe. The Series-F funding will involve an infusion of approx. USD 700 million…
Last week during the HP’s 2019 Securities Analyst Meeting (“SAM”), the company provided details on its strategy and opportunities for long-term growth, along with its financial outlook for fiscal 2020. HP Inc. announced a fiscal year 2020 restructuring plan to simplify its operating model and become a more digitally enabled company. The company expects to…
Bounce, the bike rental startup founded in 2014 is on way to raise its next round of funding which is expected to be in the range of $ 125 – $ 150 Mn. The company was founded in 2014 by Vivekananda HR, Varun Agni, and Anil G, and has been a key player in the…
Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) has announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market. “Sensia…