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) 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

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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

Flipkart, Amazon bank on Hindi apps to tap the next 20 crore users

Experts say the vernacular market in the country presents a massive opportunity for e-commerce players. As per a recently released report by RedSeer Consulting, there are 530 million internet users in

Etailer, launching app, Hindi, iOS app, android app, e commerce, Flipkart, Amazon, industry news

GST cut hopes dashed, automobile industry is now in self-drive mode

Even as discounts are at all-time high, no relief from the government also increases the possibility of customers getting higher discounts going forward, as companies need to liquidate the excess BS-I

Industry News

Technology tips: Make your smartphone last longer

The average age of a smartphone being traded increased to 2.77 years in 2018 from 2.38 years in 2016. Since phone prices became daunting, people started keeping smartphones for longer periods

How make smartphone last longer, smartphone, industry news, technology news,  News

JPVL gets shareholders’ nod to issue shares worth Rs 4,000 crore to lenders

The Samadhan envisages that there would be no change of management and the debt of the power companies will be bifurcated into sustainable and unsustainable debt.

Industry News

Zomato Gold a game-changer; logout campaign hurt restaurants bill by 20%

Gold, which allows members buy-one-get-one-free dining at 6,000 restaurants, had led to restaurants starting a movement to logout from the program.

Industry News

Zomato extends Gold programme to food delivery; restaurant association slams the move — Here’s why

It is also another instance of Zomato changing the goalpost - Gold was originally launched as a tool to promote the culture of 'dining out' but now it is being extended on deliveries too, he added.

Industry News

Dept of Justice clarifies guidance on companies compliance; no ‘one size fits all’ approach

The guidelines clearly clarify that the department does not believe in putting a ‘one size fits all’ approach and is only putting across relevant aspects to consider in respective areas.

department of justice, corporates, companies, corporate compliance, ease of doing business, skb, one size fits all News

Yes Bank promoter entities sell 2.75 per cent stake

The stake sale comes in the wake of news reports that Kapoor and the promoter group companies are looking to exit Yes Bank.

Industry News

Facebook says it suspended ‘tens of thousands’ of apps following Cambridge Analytica scandal

The probe came after revelations that data mining firm Cambridge Analytica used ill-gotten data from millions of Facebook users through an app, then used the data to try to influence U.S. elections.

facebook, facebook ban apps, facebook cambridge analytica News
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