Former Indian cricketer Kapil Dev, has launched ‘VAOO’ App, a Mumbai-based cab aggregator that promises to offer free rides to passengers in return for viewing advertisements. The company had received $15 million in funding from investors including Kapil Dev. The startup has already registered 15,000 cabs. Unlike Ola & Uber business module, the VAOO cab…
Category: News
Approx 7500 youth visit Skill India’s Rozgar Mela in Bikaner; 2000 plus aspirants get shortlisted for jobs
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The two-day Skill India Rozgar Mela concluded on 12th-13th October with close to 7500+ visitors/ job aspirants attended the varied activities at the event. More than 2000 candidates were selected in job roles such as Technician, Electrician, Machine Operator, Fitter, Turner, Sales Executive, Delivery Executive, Business Executive, Relationship Officer and Data Entry Operator. One of…
BASIX Sub-K raises $10.5 Mn to grow its reach in Indian Villages
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BASIX Sub-K, the Hyderabad-based startup providing technology enabled transactional platform to unbanked and underserved population, has raised $10.5 Mn from Maj Invest to expand it’s human ATM network in Indian villages. BASIX Sub-K was founded in 2010 with an aim to bridge the digital divide and create a financially-inclusive society. It is understood that the…
Inventus Capital Partners raises close to $52 mn for third fund
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India- and US-based firm, Inventus Capital Partners, has announced the final close of its third fund at $51.98 Mn. Inventus Capital raised its first fund of $51 million in 2009 and the second one closed with commitments of $106 million in January 2014, both of which had a focus on US and India. The fund…
Smytten raises $1.5 Mn funding from Roots Ventures.
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Gurugram based online premium and luxury brands startup, Smytten, has raised $1.5 million in new funding round from Roots Venture. With this, the company has raised a total of $ 3 million. This round of funding will help Smytten expand their user base, build on their infrastructure and offline reach. Smytten is not like a…
India seeks investment from Central Europe in Heavy Industries; will create employment opportunities.
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India, is reaching out to top Czech companies to invest and scale up their investment in India in the engineering and technology sector. This is going to be another big step towards direct and indirect employment generation in the sector, while strengthening the Make in India programme. A high level Government – industry delegation led…
New job opportunities may emerge with French investment in India’s defence industry.
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During his recent visit to France for the delivery of the first 36 Rafale combat jets, Defence Minister Rajnath Singh, while addressing the business heads of French defence industries – asked them to establish their production bases in India. He highlighted – low wages and availability of technical manpower – as one of the key…
Pradhan Mantri Innovative Learning Programme (PMILP) – ‘DHRUV’ to be launched from ISRO HQ.
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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 raises funding from Rajashree Birla, Sminu Jindal.
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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…
PwC plans to spend $3 Billion on upskilling Its global workforce ; launches “New world, New skills” program.
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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 offers salary hike, bonuses; ramps up hiring for top roles
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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…
Cabinet hikes dearness allowance by 5% for central govt. employees.
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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…
Platform enabling seed stage companies connect with angel investors.
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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…
Volkswagen India merges its three entities to form Skoda Auto Volkswagen India Pvt. Ltd.
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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…
Sachin Bansal Invests in U GRO
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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…