Digital and entertainment startup SillyMonks announced 5 June 2016 that they raised Rs 3 crore from high-networth individual Sreenivasa Reddy Musani, Chairman and Managing Director of Ektha group. The company claims that this deal marks the largest HNI investment in this space in the south of Ind…
India ranks second on GRD index on ease of doing business: Study
India has jumped 13 positions from last year to rank second among 30 developing countries this year on ease of doing business, according to a study topped by China. According to 2016 Global Retail Development Index (GRDI), which ranks top 30 developing countries for retail investment worldwide, a…
Ola to become India’s first app-based ride-hailing service to operate under valid licence
Ola will soon become the first app-based ride-hailing service in India to operate under a valid licence issued by the Karnataka state road transport authority. This comes after two months of the implementation of the Karnataka On-demand Transportation Technology Aggregator Rules 2016. HG Kumar, A…
Uber ramps up services in five new areas in Chennai
Cab aggregator Uber has ramped up its services offered in the city by adding five new areas with effect from 7 June 2016. As per the new services, Uber would operate cabs in Vandalur, Guduvancherry, Kelambakkam, (SRM University) Potheri and upto Mahindra World City (Singaperumalkoil), a company s…
Manish Kumar appointed MD & CEO of NSDC. Jayant Krishna be to ED & COO
The National Skill Development Corporation, (NSDC), a one of its kind Public Private Partnership in India, under the Ministry of Skill Development & Entrepreneurship, today announced the appointment of two key executives in its leadership team. Manish Kumar will be joining NSDC as Managing Di…
Parrikar assures the Indian Private Sector of full support
Hanoi (Vietnam), 6 June 2016: Composite Indian defence delegation met with Vietnamese industrial counterpart in presence of Manohar Parrikar, Defence Minister of India and General Ngo Xuan Lich, Vice Minister of Defence, Vietnam. This meeting gained significance as both countries are celebratin…
Voonik acquires three startups
Sequoia Capital-backed fashion marketplace Voonik has acquired three startups to build its premium fashion product Vilara . The company has now acquired five startups in the past six months. Voonik, which is focused on curated fashion, is attempting to strengthen its leadership in the unbranded f…
Air India gives Rs 8-crore khadi order
In a major move which may give a fillip to the initiatives of the Khadi & Village Industries Commission (KVIC), Air India has placed its second order of worth Rs 8 crore to the commission. The order has been placed for the supply of 1,85,000 units of amenity kits. Earlier in December 2015, th…
Gujarat unveils new policy to pep up IT start-ups in 5 years
As part of Prime Minister Narendra Modi’s “Make in India” and “Start-up India” moves, Gujarat Chief Minister Anandiben Patel, on June 5, announced her government’s new policy for promotion of information technology (IT) and electronic start-ups, envisaging setting up of 50 incubators to provide l…
Two ‘Make-In-India’ industries get plots
The MIDC has allotted plots to two industries in Nashik region, which had signed memorandum of understanding (MoU) with the state during ‘Make in India’ week held in Mumbai in February. The Maharashtra Industrial Development Corporation (MIDC) has allotted a 5,000 sq metres plot to Gr…