Sikka meets Modi, pledges $250 mn for Indian innovation
New Delhi: Mr Vishal Sikka, CEO, Infosys, met Mr Narendra Modi, the Prime Minister of India, and promised to allocate US$ 250 million as an ‘Innovate In India Fund’ and share expertise to help build smart cities.
YES Bank plans to seek regulator’s nod for entering mutual fund business
Mumbai: YES Bank plans to seek approval from regulators for entering into the asset management and primary dealership business. This will complement the bank’s retail liabilities strategy, strengthen multi-product customer engagement and also allow the bank to leverage its distribution network for customer acquisition.
Snapdeal sets target to sell fashion product worth $2 billion in 2015-16
New Delhi: Snapdeal has set a target to facilitate fashion product sales worth US$ 2 billion in 2015-16. The firm is also tying up with leading fashion brands, designers and some large format retailers such as Shoppers Stop to meet the target.
Twitter to buy ZipDial in its 1st startup deal in India
Bengaluru: Twitter is acquiring Bengaluru-based startup ZipDial in a deal valued between US$ 30 million and US$ 40 million. This will be Twitter’s first acquisition in India.
India to have 213 million mobile Internet users by June: Iamai-IMRB report
New Delhi: India is projected to have 213 million mobile internet users by June 2015, a 23 per cent rise over a six month period, according to Mobile Internet in India 2014 report.
Google launches flight searches in India
Mumbai: Google Inc. has launched flight searches in India. “Now, you can search directly for flights within Google or access google.co.in/flights to quickly find, compare and book flights from your mobile device, tablet or desktop,” said Google.
Reserve Bank of India signs MoU with ECB
Mumbai: Reserve Bank of India (RBI) and European Central Bank (ECB) has signed a memorandum of understanding (MoU) for cooperation in central banking. The MoU provides a framework for regular exchange of information, policy dialogue and technical cooperation between the two institutions.
Premium Spanish apparel brand Custo Barcelona ready for India entry
New Delhi: Custo Barcelona, the Spanish apparel brand of Custo Dalmau, is set to make its entry into India. The brand will start its operations with two stores in Delhi and Mumbai, and then expand over a period.
Alkem Labs to raise Rs1,500 cr through IPO
Mumbai: Alkem Laboratories Ltd, a generic drug maker, is looking to raise Rs 1,000-1,500 crore (US$ 160.93- 241.39 million) through an initial public offering (IPO). Alkem has seven manufacturing facilities and a portfolio of 800 brands.
Possible areas of cooperation between Kyoto and Varanasi discussed
New Delhi: The similarities between the Japanese city of Kyoto and the Indian city of Varanasi and the probable areas of collaboration between the two cities were discussed in detail at the first meeting of the Steering Committee on Kyoto-Varanasi Cooperation on January 13, 2015.