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e-Commerce major Amazon India’s payments arm Amazon Pay has received capital infusion of Rs.230 crore from Singapore-headquartered Amazon Corporate Holdings and Mauritius-headquartered Amazon.com.incs Ltd. Money, which was allotted on June 28, 2018 as per RoC data accessed by business intelligence platform paper.vc, was timed to bankroll discounts, cash-back offers, and marketing and customer acquisition costs […]

Automobile sector is witnessing a rapid growth. Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone (APSEZ) and NYK Auto Logistics (India) have joined hands for transporting finished vehicles. Joint venture will use automobile freight trains to strengthen their finished vehicles transportation service network. 2 companies concluded an agreement for establishing the JV. […]

Tanishq’s latest campaign is all about spotting real diamond separating shine from gloss that tends to bedazzle unsuspecting buyers. Scammed and bruised by fleeing merchants and rising popularity of lab-grown diamonds, a number of jewellery retailers in India are moving to restore faith in their brands. Robust certification processes and consumer outreach with assurances and […]

Kitex Garments has proposed to set up an apparel manufacturing unit at Gopalpur, in Ganjam district of Odisha. Project will entail an investment of Rs.177 crore. It will create employment opportunity for over 5,000 people with majority of them being women. Company has proposed the project through the Government of Odisha-Single Window for Investor Facilitation […]

All-India rollout follows testing with select customers. Oracle on Monday announced the general availability of its Blockchain Cloud Service, which allows organisations to set up and manage networks of distributed ledgers using blockchain technology. Oracle had been testing new blockchain platform with select customers in the last few months including some India such as Indian […]

In a bid to support fledging open-source ecosystem in India, Mozilla has started its Mozilla Open Source Support (MOSS) programme under which it will promote free software and open-source projects in India. Mozilla has set aside a total of around Rs.1.4 crore to fund India-based projects or programmes supporting open source in the current year. […]

Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation, Nitin Gadkari inaugurated various infrastructure projects on 14 July 2018 in Vishakhapatnam, Andhra Pradesh. National Highway projects for which foundation stone was laid include capacity augmentation of the existing four-lane, 110.28 K.M. stretch of NH-16 from Icchapuram to Narasannapetat entailing […]

In view of the emerging future business avenues in area, Brahma Group, a real estate-centric private equity fund plans to invest worth Rs.3,250 crore in real estate sector across a total of 28,66,000 square feet area in Gurugram. This investment will be made over a period of time in residential, retail and commercial space. The […]

Narendra Modi’s constituency Varanasi has gone green with CNG (compressed natural gas) and PNG (piped natural gas) services, harvesting 1st fruits of Prime Minister’s Rs 13,000-crore energy lifeline for industrial revival in the eastern region. City gas distribution (CGD) network was dedicated to the nation by the PM at a function in Varanasi in the […]

Nepal Oil Corporation (NOC) on Sunday ended the task of fully implementing the locking system on all petroleum tankers with tankers plying on Janakpur-Barauni route being last 2 decades after system was introduced in India. Installing the locking system on fuel tankers is expected to control oil theft. NOC Executive Director Sushil Bhattarai announced enforcement […]