Shipsy raises USD 6 million in funding from Surge, Info Edge
NEW DELHI: Shipsy on Wednesday said it has raised USD 6 million (about Rs 44.3 crore) in a funding round, co-led by Sequoia Capital India’s Surge, and existing investor, Info Edge. Shipsy is a SaaS (software as a service) based firm that helps shippers and logistics companies to digitise and automate their operations. The platform […]
Unilever to introduce mouthwash formulation in India, claims to reduce 99.9 per cent corona after rinsing
NEW DELHI:Global FMCG major Unilever on Saturday said it will bring to India its mouthwash formulation, which, it claims, will reduce 99.9 per cent of coronavirus after 30 seconds of rinsing. “Unilever has confirmed that preliminary lab test results show that mouthwash formulation containing CPC Technology reduces 99.9 per cent of SARS-CoV-2, the virus that […]
Harley-Davidson says working with partner Hero to ensure smooth transition for customers in India
NEW DELHI: American cult-bike maker Harley-Davidson on Saturday said it is working with its new partner Hero MotoCorp to “ensure a smooth transition” for its customers in India, including after-sale services and warranty. Last month, Harley-Davidson and Hero MotoCorp announced their partnership for the Indian market. They have inked a distribution agreement, under which Hero […]
About Rs. 2 lakh crore to be invested for setting up 5000 Compressed bio-gas in India
NEW DELHI: To boost availability of affordable and clean transport fuels, a MoU was signed today between MoPNG and leading oil & gas marketing companies & technology providers to establish Compressed Bio-Gas CBG) plants across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, in the presence of Petroleum and Natural Gas & Steel […]
Narendra Modi, Bhutanese Prime Minister jointly launch RuPay card Phase-II
NEW DELHI: Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering on Friday launched RuPay card Phase-II that will allow Bhutanese card holders to access the RuPay network in India. The prime ministers of the two countries had jointly launched Phase-I of the project during Modi’s state visit to Bhutan in August last […]
Time for tech solutions designed in India, but deployed for world: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Thursday said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era. “India as a country is uniquely positioned to leap ahead in the information era. We have the […]
India-World Bank sign 120 million USD agreement to implement Meghalaya Integrated Transport Project
NEW DELHI: The Government of India, the Government of Meghalaya and the World Bank signed a $120 million project to improve and modernise the transport sector of state of Meghalaya. This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism. The project will improve about 300 km of strategic road […]
India’s data centre industry draws $396 million investment in January-September 2020
NEW DELHI: The Indian data centre industry has attracted investments totalling around $396 million during January-September 2020, a report by Anarock and Mace said on Thursday. “The Indian data centre industry has attracted close to $977 million in PE and strategic investments since 2008, of which nearly 40 per cent or approximately $396 million were […]
India, NDB sign $500M agreement for NCR public transport project
NEW DELHI :The Government of India, the Ministry of Housing and Urban Affairs, National Capital Region Transport Corporation Limited and the New Development Bank(NDB) signed a loan agreement for lending USD 500 million for the ‘Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project’to provide fast, reliable, safe and comfortable public transport system in the National Capital Region […]
Barclays raises India’s FY22 GDP growth forecast to 8.5%
NEW DELHI :British multinational investment bank and financial services company Barclays on Thursday revised India’s GDP forecast for FY22 to 8.5 per cent from 7 per cent earlier as the economy is seeing faster return to normalcy with recovery in both consumption and investment following government’s fiscal and monetary stimulus measures. Barclays said that flattening […]
Hitachi Payment Services deploys its 4,000th white label ATMs in India
NEW DELHI :Hitachi Payment Services Pvt. Ltd., a wholly-owned subsidiary of Hitachi Ltd., on Thursday announced that it has installed the 4,000th Hitachi Money Spot ATM in India. The Hitachi Money Spot ATMs are White Label ATMs (WLAs) set up, owned and operated by Hitachi Payment Services in India since 2014. The company has deployed […]
Moody’s revises India’s FY21 GDP contraction to (-)10.6%
NEW DELHI: Moody’s Investor Service on Thursday revised the contraction rate of India’s FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent. The revision comes days after the Centre announced new stimulus measures. Besides, Moody’s revised the forecast for the next financial year ending March 2022. It now […]
Apparel exports request Narendra Modi government for pre-FTA deal with UK
NEW DELHI: Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, has urged the Narendra Modi government to strike a pre-FTA preferential trade deal to remove the tariff disadvantage faced by Indian apparels in the UK. In a letter to Commerce and Industry Minister Piyush Goyal, the APEC Chairman wrote: “It has been learnt that after […]
Vladimir Putin says India, China may start making Russia’s Sputnik V Covid vaccine
MOSCOW: President Vladimir Putin on Tuesday called for a joint effort by the BRICS countries on the development of the Covid-19 vaccines as he suggested that Russia’s Sputnik V vaccine against Covid-19 could be produced in India and China. “We believe it is important to speed up the establishment of the centre for development and […]
Jaishankar speaking in 1970/80’s language: Chidambaram on RCEP
NEW DELHI: The issue of India not joining the RCEP has heated up with former Finance Minister P. Chidambaram attacking Foreign Minister S. Jaishankar and suggesting that Parliament should discuss the issue. Chidambaram expressed his dismay over the speech by Foreign Minister Jaishankar on Monday, where he railed against the trade agreements and praised the […]
RCEP signatories ready for talks once India gives written request to join
NEW DELHI: Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same, according to a declaration. On November 4 last year, India walked out of mega free trade agreement RCEP (Regional Comprehensive Economic Partnership) as negotiations […]