Hewlett Packard Enterprise (HPE) announced new shared storage solutions that help Small and Mid-sized Businesses (SMBs), modernise their IT with hybrid flash and software-defined storage platforms that bring enterprise capabilities. “For years, SMB customers have been forced to subjugate business…
Tata communications expects 40% growth in cloud biz, to build infra
Eyeing 40 per cent annual growth in cloud operations, Tata Communications is planning to set up necessary storage infrastructure in countries of operations to win over local business by addressing its concerns on overseas data storage. “Data sovereignty is going to be more critical and the …
Japanese team explores biz opportunities in Sikkim
A Japanese team met Sikkim Chief Minister Pawan Chamling here to explore investment opportunities in the state including for manufacturing units for drones and robotics in the initial phase. The delegation during the meeting informed the Chief Minister that the environment in the state is very co…
Indian fintech investments 2nd largest in Asia-Pacific at $339 mn: Accenture
Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China, a report said. “While China has attracted the most amount of investments, India stands second in the analysis with USD 339 million,” acc…
DIPP plans reality show for startups
A reality show for Indian startups along the lines of Shark Tank is in the offing. The unlikely planner of the show is the Department of Industrial Policy and Promotion (DIPP), which is in the process of conceptualising the programme it wants to air on India’s national broadcast channel Doo…
Net1 to invest $40 mn in MobiKwik, a leading digital payment platform in India
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS: UEPS, JSE: NT1) today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India. MobiKwik is India’s largest independent mobile payments network, trusted by over 32…
NearFox raises undisclosed amount in angel round
Local lifestyle content and discovery platform NearFox has raised an undisclosed amount in an angel round where investors valued the bootstrapped venture at Rs 12.5 crore. The round was led by Globevestor Angel Fund and a clutch of other investors including Devendra Rane, CTO at CoverFox, Ravi Ja…
French Tech Ticket woos Indian start-ups to global competition
The deadline for applications to Season II of French Tech Ticket was earlier this week. An initiative of La French Tech, French Tech Ticket is a competition open to early-stage, technology-focussed entrepreneurs worldwide. Season I last year was what a spokesperson termed the “trial” event; but e…
Around 2,200 new factories registered in West Bengal since 2011
Chief Minister Mamata Banerjee’s initiative to boost up medium scale industries has resulted in action as around 2,200 new factories have come up in West Bengal in the last four years. State Labour Minister Malay Ghatak said that there was a sharp rise in the registration of new factories in the …
PayPal cuts forex commission by 40% for SME exporters
Global digital payments company PayPal said it has cut its forex conversion mark-up by up to 40 percent to benefit small exporters. “We have given our percent discount on the total fees. What that does is…for a small merchant, this will translate to about 30-40 per cent discount,̶…