Industry

Going beyond discovery: Magicpin strikes a balance between demand and supply

Magicpin’s platform lights up the dark offline retail space with data backed discovery and marketing
What differentiates us from the rest is that we are a performance marketing platform for offline retailers. — Anshoo Sharma, founder, Magicpin News

VIVO S1: Smart choice for youngsters

Overall, the S1 is an attractive, mid-range Android phone that is targeted at younger buyers who value a good display, powerful camera and a long-lasting battery.

The S1 has an octa-core processor with a 12nm design and clocks speed of up to 2.0GHz. News

Retail: East Side Story

Realising that sourcing within India helps cut costs, Uniqlo established an office in Bengaluru in 2016 to identify and work with partner factories in India. The company currently procures cotton fibr

Therefore, even maintaining price parity of products leads to international mass/mid-market brands turning into premium brands in the Indian market News

In The News: Havas Group acquires digital agency Langoor

Langoor was founded in 2010 and is now present across India, the Middle East and Australia. This is Havas Group’s second digital agency acquisition in India in the year, the first being Think Design

Langoor Havas will have health, business and vernacular as its key focus areas. News

Renault Triber: High on innovation, but will you want one?

If your idea of a car is minimal price per square feet of cabin space (and added flexibility), the Triber is hard to beat. Else, there is a lot to scout for in the market

The Triber definitely looks unique, but not stunning, i.e. it doesn’t have the wow factor customers in the entry-level car segment aspire for News

NirogStreet: Ayurveda gets a tech push

This healthcare startup develops specialised SaaS-based software for Ayurvedic practitioners and clinics and hospitals

Our vision is to make Ayurveda the first call of treatment not just in India but across the globe. With Vaidya Tool, we have given Ayurveda healthcare the avatar which the 21st century understands, recognises and is comfortable about using. — Ram N Kumar, founder, NirogStreet News

Orbo.AI raises $1.6 million in pre-Series A funding round

New capital to be utilised to ramp up Orbo’s research team of AI scientists and specialists in deep learning, computer vision and embedded software development

(L-R) Orbo.ai founders: Danish Jamil, Manoj Shinde and Abhit Sinha News

Hyundai Motor India FY19 profit rises 21.5%

The profits at the wholly owned subsidiary of Korean carmaker Hyundai Motor Company had grown 7.7% y-o-y to Rs 2,124 crore in 2017-18.

HMI’s operating revenue grew 6.5% y-o-y in FY19, according to the data filed with the Ministry of Corporate Affairs. News

Altico COO Sanjeev Agrawal to lead operations

Altico CEO Sanjay Grewal had resigned last week, while chairman Naina Lal Kidwai had put in her papers the week before, following an interest payment default and downgrade of the company's term facili

Altico said it has held a series of meetings with its creditors with a view to agreeing a way forward. (Website image) News

WeWork’s aborted IPO signals end of ‘glory period’ for large tech startups enjoying frothy valuations

WeWork, which was valued at $74 billion in its last fundraising round from SoftBank, postponed its IPO amid issues related to heavy losses, corporate governance, and eccentric chief executive and foun

GoWork investment, GoWork fund, Awfis investment, Awfis fund, indian unicorns, GoWork gurgaon, gowork noida, Awfis gurgaon, tech start up, tech hot spots, ChrysCapital. Existing investors, Sequoia India, The Three Sisters Institutional Office News

SBI likely to soon launch co-lending model with mid to large-sized NBFCs

Now, integration of technology of both the bank and NBFCs is underway," Varma said. He said the co-lending model would help the bank to meet the priority sector lending target.

Banking & Finance News

India Inc expects corporate tax cut to create positive impact on economy, speedier turnaround

R C Bhargava, chairman of Maruti Suzuki, said manufacturing's growth rate or share in GDP is nowhere near the required level.

Industry News

Top 1,000 listed firms may see tax savings of Rs 37,000 cr post corporate tax cut, says CRISIL

The drop in tax rate would now bring India at par with most Asian economies, it added. "CRISIL Research's analysis of nearly 1,000 companies -- spread across 80+ sectors such that they cover more than

Industry News

Reliance Capital’s default rating puts $13 billion debt of Anil Ambani group at risk

Reliance Capital Ltd.’s downgrade to default grade at Care Ratings Ltd. places the debt of embattled tycoon Anil Ambani’s conglomerate at risk, reigniting India’s credit scare.

Industry News

Crisis-ridden BSNL pays August salaries to staff

BSNL's loss is estimated to be around Rs 14,000 crore with a decline in revenue to Rs 19,308 crore during 2018-19.

Industry News

Ease of credit access: Allahabad Bank launches retail, MSE loans linked with external benchmark rates

Credit and Finance for MSMEs: Currently, Allahabad bank has identified RBI’s Repo Rate and 3 Month Mumbai Interbank Offer Rate (MIBOR) as the benchmark rates.

Allahabad Bank to offer repo linked retail, small biz loans from Oct 1 News

Thomas Cook nears collapse as travel giant relying on unlikely govt bailout

It soon began arranging foreign trips, being the first operator to take British travellers on escorted visits to Europe in 1855, to the United States in 1866 and on a round-the-world trips in 1872.

Industry News

Government moves NCLAT against NCLT orders directing probe into companies’ affairs by SFIO

In a petition moved before the National Company Law Appellate Tribunal (NCLAT), the SFIO submitted that it being a statutory investigative office can direct to investigate into the affairs of the comp

NCLAT, NCLT, SFIO, MCA, Luxury Train Pvt LTD, Zynke Exports, Companies Act News

IBC Amendment 2019: Why landmark legislation failed to rescue MSMEs from vicious cycle of indebtedness

Ease of Doing Business for MSMEs: If MSMEs are expected to contribute more actively to the economic upliftment of India, the IBC must introduce yet another amendment to rescue the MSMEs from their vic

IBC, IBBI, Insolvency and Bankruptcy Board of India, financial creditors, Dhir and Dhir Associates, corporate debtor News

WhatsApp feature: How to read messages without letting the sender know

WhatsApp feature update: A lot of users though might not want senders to know that they have read the message. In such a case, the instant messaging allows you to turn off read receipts.

Whatsapp message News

CBI approaches Civil Aviation ministry, DGCA for information on bilateral flying rights with countries

The information sought is in connection with the investigation over alleged irregularities in the signing of bilateral flying rights by the Indian government to West Asian countries in 2008-09.

mumbai airport image News

Corporate tax cut to benefit banking, FMGC but IT, pharma may remain untouched, says report

The immediate benefit is increased cash flows to corporate India that will be either channelised into debt reduction or incremental investments in increasing capacity.

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Petronet signs MoU with US firm Tellurian for 5 million tonnes of LNG

Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020.

Industry News

Infosys co-founder Kris Gopalakrishnan to lead panel on protection of non-personal data

The move by the government is also an attempt to stop monopolising of data by big US and Chinese firms, as they control a majority of digital platforms across the globe. This is going to have huge imp

Data regulation, non personal data, Meity, industry news, WeChat, personal data protection Bill, UNCTAD News
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