The rise of intelligent machines could become literal this year, when a Chinese startup begins selling a camera drone that can track and film people and objects on sight. Zero Zero Robotics, a Beijing-based startup valued at $150 million in a November funding round, plans to introduce its Hover C…
CII ties up with cloudBuy for B2B sourcing platform
The Confederation of Indian Industry (CII) has tied up with cloudBuy, a global provider of cloud-based e-commerce solutions, to launch a business-to-business e-commerce trading platform CIItrade.in. The online platform will bring together business-to-business buyers and sellers on a common platfo…
Analytics firms continue to attract investments
Amidst a slowing of funds into the e-commerce and start-ups space, analytics players might buck the trend as they draw insights from raw data to help CEOs make crucial decisions. Sources say Fractal Analytics is in advanced talks to raise $100 million for a minority stake. Fractal’s performance i…
Rajasthan plans readymade manufacturing facilities
Rajasthan plans to soon offer ready to move in manufacturing facilities in the state under its plug and play policy. This is yet another measure to boost industrial development in the state which has been at the forefront of reforms in labour laws and changes in land policy aimed at attracting in…
Lakshmi Vilas Bank Q4 profit up 22.5% on retail, SME growth
Private lender Lakshmi Vilas Bank on April 27 saw its Q4 profit grow 22.5% to Rs 49.07 crore year-over-year from strength in its retail and SME lending. The commercial lender’s Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. “We are…
Two companies to migrate to BSE’s mainboard from SME platform
Two firms — Comfort Commotrade and Looks Health Services — will migrate to BSE’s mainboard from the stock exchange’s Small and Medium Enterprise (SME) platform. This will take the total number of companies migrating to mainboard platform to 18. In separate circulars, the e…
Spread information of PMFBY to all farmers of the country | Kundariya
Minister of State for Agriculture Mohanbhai Kundariya on Tuesday emphasized the need to spread information of Pradhan Mantri Fasal BimaYojana (PMFBY) to all the farmers of the country for which he invites all the stakeholders such as PHD Chamber and private insurance players to organize kisan mel…
NEC and DMIC trust establish joint venture to provide logistics visualization services in India
NEC Corporation (NEC; TSE: 6701) and the DMIC Trust have established a joint venture company, DMICDC Logistics Data Services Limited, for providing logistics visualization services in India. NEC and DMIC Trust will each hold 50% of the joint venture’s total capital of approximately 8 million Indi…
Job portal Monster India to use database for funding startups
Job portal Monster has launched MakeIndiaWork initiative under which it will use its database to crowd source funds for entrepreneurial ventures with an aim to further boost the startup ecosystem in the country. ‘MakeIndiaWork’, a central hub will bring together startups, job seekers,…
Reliance Entertainment to invest in 20 Indian gaming startups
With mobile gaming gaining strong traction in the country, Reliance Entertainment has brought its focus back on the Indian market and is looking to invest in 20 gaming startups this year. Reliance Games, a part of Reliance Entertainment, has also announced investments worth over USD 50,000 in mar…