Top 10 news (business) today: BlackBuck raises $25 mn from Tiger Global and Flipkart, new BoB deposit scheme, tech startups in India at No. 3 spot globally, more

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1. BlackBuck raises $25 mn from Tiger Global, Flipkart, Accel: BlackBuck, a business-to-business logistics startup, has raised USD 25 million (about Rs 167 crore) in funding from Tiger Global, Apoletto (DST-Yuri Milner's Founders Fund), Accel and Flipkart. The company had received USD 5 million funding earlier this year from Accel Partners and Flipkart. "BlackBuck would utilize the Series B funds to ramp up expansion, build products and set-up the team. The company plans to expand their footprint to 200 locations through the next year," it said in a statement. (Image Source: Reuters)

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2. Bank of Baroda launches new term deposit scheme: State-run Bank of Baroda today launched a new non-callable term deposit scheme for over Rs 15 lakh and up to Rs 10 crore. Under the product called Baroda Advantage Fixed Deposits, investors will get higher interest than normal fixed deposits rate for similar amount, the government lender said in a statement. The rate of interest offered on this product is higher by 10 basis points for deposits over Rs 15 lakh but less than Rs 1 crore and 5 basis points for deposits of Rs 1 crore and above. (Image Source: Reuters)

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3. India has world's 3rd largest base of tech startups: Google With more than 4,100 enterprises, India is the third-largest base of tech startups in the world and the number is set to grow manifold over the next few years, technology giant Google said today. Highlighting the boom in India's tech sector in recent years, Google India head Rajan Anandan said a connected India with access to the web will empower Indians further, helping businesses grow and create growth for the Indian economy. "At over 4,100 enterprises, India has the third-highest number of tech startups in the world, this number is expected to reach several thousand by 2020," he added in a blogpost. (Image Source: Reuters)

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4. Google CEO to address SRCC students on December 17: Google CEO Sundar Pichai who is visiting India next week on his first overseas trip after taking over as the head of the tech giant will address Delhi University's Sri Ram College of Commerce(SRCC) on December 17. "We had invited Google CEO for an interactive session at SRCC and we have got a confirmation from Google about the same. Pichai will be addressing and interacting with students on December 17 during the session 'Ask Sundar'," a senior college official told PTI. (Image Source: Reuters)

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5. Homestudio.com gets $ 5 million seed funding: Homestudio.com, an online startup offering branded home solutions in the furniture and kitchen category to customers, today said it has received USD 5 million in seed funding from Bren Corporation. Bren Corporation is a group with 10 years of Retail experience in India with high end furniture brand from Nolte Group, Homestudio said in a release.

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6. Nearbuy to help consumers turn 'Santa' this Christmas: Nearbuy, formerly known as Groupon India, today said it has launched an initiative under which customers can buy 'Winter Survival Kit' and donate it to impoverished and needy. The kit, priced at Rs 250, consists of a woolen blanket, a pair of winter gloves and a winter cap. "…be it the neighborhood watchman braving the cold on chilly winter nights, or the milkman and newspaper boy delivering essentials to you in the wee hours of winter mornings, gifting them the Winter Survival Kit is a great way to celebrate the 'joy of giving' this festive season," nearbuy CEO and co-founder Ankur Warikoo said.

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7. TVS Motor, Bajaj Auto, Yamaha to offer free service camps: Four motorcycle companies including TVS Motor, India Yamaha Motor, Bajaj Auto and Eicher Motors will hold free service camps for 10 days to repair vehicles damaged in the floods and heavy rains. The companies decided to conduct the camps on request of Chief Minister Jayalalithaa.

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8. Angry Birds creator Rovio appoints woman CEO: Rovio, the Finnish maker of the hugely popular Angry Birds mobile game, has appointed Kati Levoranta as its first woman chief executive officer, the company announced today. Levoranta, who has served as Rovio's legal director and head of European sales, will on January 1 replace Pekka Rantala, who will step down after just one year. (Image Source: Reuters)

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9. Panasonic launches wearable camera: Consumer electronics firm Panasonic India has launched wearable camera to grow in the market by offering innovative and technologically advanced products in the segment. Priced at Rs 19,990, HX-A1 is a Wi-Fi wearable camera weighing 45 grams (approx) and it could be mounted onto the goggles, shoulder bags or helmets or onto a tripod, Panasonic India said in a statement. (Image Source: Panasonic)

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10. Yahoo keeps Alibaba, but spins off core business: Yahoo flipped its reorganisation plan today, announcing it would keep its stake in China's Alibaba but spin off its core Internet business – creating new uncertainties for the struggling tech giant. The new plan shelves one in the works to spin off Yahoo's vast holdings in ex-commerce giant Alibaba – which could have exposed it to a huge tax bill – but the tech firm still intends to separate out its activities under the new structure. (Image Source: Reuters)