Andhra Pradesh-based enterprise class data centre and cloud service provider Pi Datacenters has raised $90 Mn in a Series B funding round from existing and new investors. Details about the investors that participated in the deal have not been disclosed. The Series B funding will be utilised to su…
Tag: IRCTC
Budget raises India’s capital market ambitions
The Indian government has unveiled its most ambitious target for public share sales so far, looking to capitalise on the robust domestic capital markets to cut its annual deficit. In last week’s federal budget, Finance Minister Arun Jaitley set a 725 billion rupees ($10.76 billion) target f…
Budget 2017: A thumbs up for ‘Digital India’ – FM unveils series of reforms
In a big push to digital economy, Finance Minister Arun Jaitley in his Budget announced a plan to boost digital transactions by removing service tax on railway tickets booked via IRCTC portal, establishing a travel portal for Indian defence forces and launching Aadhaar Pay, a merchant app for Aad…
Budget 2017: Arun Jaitley announces sops for demonetisation-hit MSME
Reeling under the pressure of demonetisation, which has weeded out 86% of the country’s bank notes, Arun Jaitley, while presenting his Budget on February 1 focused on startups, and the small and medium enterprises. It meant several tax SOPs for the sector. Jaitely said that corporate tax has been…
Budget with long term objective to steer Indian economy: S C Ralhan, President, FIEO
Hailing the Union Budget limiting revenue deficit to 2.1% of GDP and pegging fiscal deficit for 2017-18 at 3.2%, while focusing on rural India and infrastructure, S C Ralhan, President, FIEO said that the budget has drawn a road map for bringing economy back on track and accelerating it in medium…
Budget 2017: SMEs, major beneficiary of Jaitely’s largesse
As Union Finance Minister Arun Jaitely rose to present the Union Budget on February 1, an entire nation reeling under the impact of demonetization, watched anxiously. Jaitely didn’t disappoint them either. He simply drove in the measures to usher in digital economy and cashless economy. There was…
Highlights of Union Budget 2017-18
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on February 1, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public serv…
IRCTC, IRCON, IRFC to be listed on bourses: Arun Jaitley
New Delhi: The government will move ahead with the listing of Railway PSUs — IRCTC, IRCON and IRFC — and come out with a procedure for a time-bound listing of CPSEs. In his Budget speech on February 1, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs an…
India has five years to build strong research led IT: Nasscom, VP Industry Initiatives
Software lobby group Nasscom is looking at expanding the number of start-ups in India, incubating and nurturing them to grow at its centres. While the target is to reach 10,000 start-ups, the focus is also to build specialised start-ups in emerging technology areas. “So one of the outputs o…
Make ‘tatkal’ e-payments for rail tickets now with MobiKwik
Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. “MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powerin…