Public sector lender Bank of Baroda on July 25 announced that they will be using alternate data sources for lending decisions in partnership with Creditmantri, a Chennai based fintech startup. Historically banks have been relying on physical verification of documents and credit bureau data for ta…
Coir Board to build coir wood houses
In an effort to recycle coir waste, Coir Board is looking at eco-friendly shelters that will replace tents for security guards and defence personnel in high altitudes. The Coir Research Centre in Bengaluru has developed a model house made out of coir wood and it was displayed at the coir fair her…
AAP’s trade wing moots new industry body for small businessmen
A new industry body, the Chamber of Trade and Industries (CTI) — a brainchild of the AAP’s trade wing — is taking shape in Delhi. Office-bearers of AAP’s trade wing say the initiative is an attempt to provide a platform to small traders and owners of small-scale industrial units in th…
Indian digital payments market to reach $500 bn by 2020: Report
Digital payments market size in the country is expected to touch USD 500 billion by 2020, accounting for about 15 percent of gross domestic product (GDP), a report said on July 25. The ‘Digital Payments 2020’ report, jointly published by Google and Boston Consulting Group, projects th…
Quikr acquires Hiree, to focus on innovating in jobs space
Online classifieds company Quikr said it has acquired online hiring platform focused on white collar jobs Hiree for an undisclosed amount. Hiree will be merged with QuikrJobs and will operate out of Quikr headquarters, the company said in a statement. “We launched QuikrJobs with an aim to …
Making Bengaluru a top startup ecosystem
Announcing a slew of measures to boost growth of startups, the Karnataka government said it aims at ensuring that Bengaluru breaks into the world’s top 10 startup ecosystems. According to Global Startup Ecosystem Ranking Report 2015, the city is the second fastest growing startup ecosystem …
Jugnoo looks to turn net-independent, starts offline booking
In a bid to become internet-independent, Chandigarh-based autorickshaw-hailing platform Jugnoo has introduced autorickshaw booking on the app in the offline mode. The company also filed for a patent last week with the Patent Authority of India, New Delhi. All other players, including its competit…
Google races to catch up in cloud computing
When it comes to cloud computing, Google is in a very unfamiliar position: seriously behind. Google is chasing Amazon and Microsoft for control of the next generation of business technology, in enormous cloud-computing data centers. Cloud systems are cheap and flexible, and companies are quickly …
Karnataka gets large firms to help start-ups
The Karnataka government has IBM, Amazon Web Services and Airtel to subsidise services to start-ups registered with it. Start-ups registered with the state government have access to accelerators and funding, cloud credits, discounted Internet subscription, software debugging tools, and payment ga…
10 more SMEs from Rajasthan set to get listed on BSE SME bourse
With awareness increasing about the benefits of getting listed, BSE India is expecting to bring 10 more companies from Rajasthan on its SME platform by the end of current financial year, a top official of the exchange said here. “There are already seven companies from Rajasthan listed on t…