Teradata (NYSE: TDC), the big data analytics company, announced July 25 that it has purchased Big Data Partnership, a leading EMEA-based services provider of big data solutions and training. Big Data Partnership has deep expertise in disruptive technologies, including Apache Hadoop, and helps it…
Need to amend Drugs and Cosmetics Act 1940 to promote e-pharmacy in India
NEW DELHI, 25 July 2016: With the advent of e-pharmacy, there is a need to amend the Drugs and Cosmetics Act 1940 as it does not differentiate between offline and online pharmacies. The Government is seized of the issue and is working towards amending the existing law to develop a framework where…
Nitin Gadkari calls for massive skill development in maritime sector
Shipping Minister Nitin Gadkari on July 22 called for a massive effort to enhance skill development in the Indian maritime sector. According to the Minister, a large number of employment opportunities are expected to be generated from the shipping and allied sectors in the coming years. Gadkari w…
Solar power tree developed for generation of electricity
The Ministry of Science and Technology has come up with a ‘Solar Power Tree’, an innovative way to generate electricity using solar power in a limited space. Developed by the Central Mechanical Engineering Research Institute (CMERI), Durgapur, a laboratory of the Council for Scientifi…
Engg colleges to impart skill training to 10 lakh in 3 yrs
The faculty of engineering colleges will provide training to unemployed youth, including school dropouts, as the government kicks off an ambitious plan that aims at imparting skills to over 10 lakh people to make them employable in the next three years. The scheme- ‘PMKVY by Technical Insti…
India’s smartphone revolution: 35 units, 37,000 jobs in 2 years
India has seen about 35 new smartphone factories in the past two years, with a production capacity of about 18 million devices a month, since the central government had announced a tax rationalisation for electronics products to boost local electronics manufacturing. The new manufacturing units h…
Government says Mudra loans not under high bad debts
The government has sought to allay fears that loans extended under the Mudra scheme, particularly those given through Micro Finance Institutions (MFIs), would add to bad debts in the lending system. There were apprehensions that these unsecured loans carried high risks. Mudra loans are given to t…
Payments Co Stripe makes 1st India hire
San Francisco-based payments startup Stripe, valued at $5 billion, has hired its first India employee as it looks to kick-start operations here. Anand Balaji, an ex-Amazon executive, has come on board Stripe and is currently mapping the India market for the company, sources privy to the developme…
Sistema, others load Rs 67 crore onto QwikCilver gift card
Gifting card solutions provider QwikCilver has raised a new round of funding, pegged at $10 million (Rs 67 crore), led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. Other existing backers of the Bengaluru-based company, which include Amazon Asia-Pacific, Accel India …
Hansa Cequity plans to go for more buyouts
Marketing technology company Hansa Cequity plans to follow up its acquisition of majority stake in analytics firm D-Square with more buyouts to build its new products and platforms business. A deal in customer loyalty business is in the offing, Chief Operating Officer Ajay Kelkar told . “We…