User: vj712 Topic: Indian startups
Category: Indian startups
7 new since Jan 19 2018 20:40 IST RSS 2.0
 
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Nifty closes above 5000 on better-than-expected Q2 ... 30.8.2033 CNN-IBN Top Stories
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Reliance Industries' third quarter net profit up 5.4% 19.1.2018 Sify Finance
Reliance Industries Limited (RIL)'s standalone net profit went up by 5.4 per cent to Rs 8,454 crore for the third quarter of the current fiscal, a company statement said here on Friday.
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Reliance Jio posts Rs 504 crore Q3 profit; Mukesh Ambani thanks customers 19.1.2018 Sify Finance
Reliance Jio, subsidiary of Reliance Industries Limited (RIL) posted net profit of Rs 504 crore for the third quarter of the current fiscal, a company statement said here on Friday. Operational revenue for the third quarter was Rs 6879 crore.
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Unemployable youth limit India's growth: Minister Hegde 19.1.2018 Sify Finance
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Cloud-native early adopters gain digital dexterity, innovation: study 19.1.2018 General News
New global study commissioned by software and services provider, Amdocs found that communications and media providers are rapidly adopting cloud native technologies."Early adopters and fast movers will reap the crucial agility and innovation advantage needed in the digital economies to outpace competition," according to the study.A select group of communications and media providers are rapidly adopting cloud-native technologies in order to obtain the agility and continuous innovation needed to meet the digital experience benchmark set by digital disruptors.However, most service providers are moving slower, hindered by legacy technology, culture and processes, as well as the challenges of managing both legacy and cloud native systems in a hybrid, combined environment.While the move to cloud native systems is visible across the industry, mainstream adoption is unlikely before 2022.The laggards will find it challenging to close the early leads established by the fast ...
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Meet on ‘Internet of Things’ on Monday 19.1.2018 Hindu: News
The Indian Institute of Information Technology and Management-Kerala (IIITM-K) has planned a one-day Internet of Things (IoT) conference at Technopark here on Monday.Being organised jointly with the ...
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Galaxy Surfactants fixes Rs 1,470-1,480 price-band for IPO 19.1.2018 General News
Galaxy Surfactants today said it has fixed price band between Rs 1,470 and Rs 1,480 per equity share for its initial public offer (IPO). The company plans an IPO of up to 6,331,674 equity shares of face value of Rs 10 each for cash. The offer consists of an offer for sale of up to 39,250 equity shares by the promoter selling-shareholders up to 2,107,804 equity shares by the promoter group selling-shareholders and up to 4,184,620 equity shares by the other selling-shareholders. The company's IPO proposes to open on January 29 and closes on January 31. Galaxy Surfactants is one of India's leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries. The company's diversified customer base currently comprises multinational, regional and local FMCG companies, including, Cavinkare, Colgate-Palmolive (India), Dabur India, Henkel, Himalaya, L'oreal, Procter & Gamble, Reckitt Benckiser, Ayur Herbals, Jyothy ...
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Satyam case: SAT refuses to stay Sebi ban on Price Waterhouse 19.1.2018 General News
The Securities Appellate Tribunal today refused to grant a stay on the two-year Sebi ban imposed on Price Waterhouse (PW) and its network entities from taking up new audit work for listed companies. On January 10, the markets watchdog Sebi passed an order against the audit major for its alleged complicity in the multi-crore Satyam Computer Services scam. Posting the matter for further hearing on February 13, SAT however clarified that PW and its networking entities can continue serving its existing clients. "We are happy that SAT has expressed its intention to resolve our appeal against Sebi on an expedited basis, and has set an expectation of a tight timeline of six weeks to dispose the appeal. "The clarification that current engagements can continue through the year, is welcome," PW said in a statement. On finding it guilty in the Satyam fraud, Sebi has restrained PW and its network entities from issuing audit certificates to any listed company in the country for two ..
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Payworld disburses Rs. 10 crore loans to SMEs in three months 19.1.2018 General News
Among India's largest assisted wallet Payworld on Friday announced disbursing loans of Rs. 10 crores to the Micro and Small enterprises (SME), within three months of partnership with Non-Banking Financial Companies (NBFC) and digital lending platforms like Capital Float, Happy Loan and e - Paylater.The average loan ticket size is Rs. 30,000 to 50,000 while for end users the average loan amount is below Rs. 10,000."We've seen very strong uptake of our loans and with the support of current and upcoming partners, we aim to achieve Rs 250 crore disbursement mark to a a prospect base of over one lakh 55 thousand retailers by financial year 2018- 19," said COO Payworld, Praveen Dhabhai.For a long time, the Indian SME sector has had little options for loans and the availability was not very wide-spread.However, over the last few years there has been a spurt in digital lending and fintech startups that leverage technology to make the application process completely paperless.Payworld is ...
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Five cyber-security trends to watch out for in 2018 19.1.2018 General News
Initiatives such as cashless economy and Adhaar linkage to various government-run programmes have pushed India forward on the path of digital transformation.However, the push for 'Digital India' has created a fair and firm ground for innovation and experimentation - a good thing but one with a rider as it calls for incorporating security right at the beginning.A steep rise in cyber-attacks in 2017 is the proof of impending dangers and clearly indicates how the future is going to look like. The overall security landscape in 2018 will be an extension of what we witnessed in 2017 through ransomware attacks such as WannaCry and NotPetya.In PwC's opinion, Sivarama Krishnan, Cyber Security Leader, PwC India lists five trends that will define the cyber security landscape in India in 2018:Privacy and Personal Data Protection:Privacy and personal data protection will be the focus in 2018. Growing number of organizations are now processing Aadhaar-related information and personally identifiable
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Wipro posts surprise fall in third-quarter profit on higher costs 19.1.2018 General News
(Reuters) - IT firm Wipro Ltd posted a surprise fall in third-quarter profit as higher costs weighed.
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Indian tribunal refuses to lift Price Waterhouse audit ban 19.1.2018 General News
MUMBAI (Reuters) - The Securities Appellate Tribunal (SAT) said on Friday that Price Waterhouse can continue to service existing clients whose financial year started on Jan. 1 2018, but refused to grant a stay on a two-year audit ban ordered by the market regulator.
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UiPath doubles workforce globally to over 500 in last 120 days 19.1.2018 General News
UiPath, a Robotic Process Automation (RPA) software vendor trying to help reinvent the future of work, has doubled its workforce to over 500 in the last 120 days globally and expects to double again in the next six months. "We have doubled our global workforce to over 500 in the last 120 days. We expect to double it again in the next six months," UiPath Co-Founder and CEO Daniel Dines told PTI here. In India, the current work force is 85, Dines said. The company is expecting to outpace its global growthas it expand its product development and support resources in Bengaluru, Dines said. Asked how RPA would reshape the workforce, Dines said the company does not see RPA rendering employees obsolete, which generally is the perception. Asked which are the countries that will lead or reap most benefits from the fourth industrial revolution, Dines said the company sees strong demand in US as well as the large back-office operations in Indian service delivery ...
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Will Tata Motors' Vision 2020 become true? 19.1.2018 Rediff: Business
Tata Motors aims to address 95% of passenger vehicle market by 2020
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Wipro disappoints, posts surprise fall in Q3 profit 19.1.2018 Rediff: Business
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
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IFMR Capital facilitates Rs 50 Cr debt to Jaipur-based firm 19.1.2018 General News
: IFMR Capital today said it has facilitated Rs 50 crore debt to Jaipur-based non-banking finance company Ess Kay Fincorp Pvt Ltd. The fund was issued through two Single issuer Partially Credit Enhanced bond, also known as 'SPiCE bond' transactions, a company statement said. "It has been our continuous endeavour to bring new structured finance products in the Indian market, which brings borrowers across our target segment closer to lenders", IFMR Capital, CEO, Kshama Fernandes said. "We will continue the work towards achieving this mission and introduce many other scalable products that add value to our clients," Fernandes said. The company said last year it designed many products that have enabled critical capital markets access non-banking finance companies which include collateral loan obligation, pooled bond issuance among others. Sundaram Asset Management Company and Principal PNB Asset Management Company have subscribed to the debentures issued by the Ess Kay ...
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Wipro Q2 net profit slips 8% to Rs 1,931 crore 19.1.2018 General News
India's third largest software services firm Wipro today said its consolidated net profit has declined by 8.4 per cent to Rs 1,931.3 crore for the quarter ended December 31, 2017. This is against net profit (attributable to shareholders) at Rs 2,109.6 crore in the year-ago period, as per Indian accounting norms (Ind AS), Wipro said in a BSE filing. Wipro's revenue from operations was nearly flat at Rs 13,669 crore in the quarter under review as against Rs 13,687.8 crore in the year-ago period, it added. Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at USD 2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year. Wipro missed its revenue guidance for the third quarter as it had given a forecast of USD 2.014 billion to USD 2.054 billion. For the March 2018 quarter, it expects revenues from IT services business to be in the range of USD 2,033 million to USD 2,073 million. The company said ...
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Air India comfortable with crude $60-65 per barrel, anything beyond will erode bottomline: Pradeep Singh Kharola 19.1.2018 Latest News India on Firstpost
Air India, which is under a massive debt burden of Rs 50,000 crore, had posted an operating profit of Rs 105 crore in 2015-16
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Western Digital unveils Next-Gen storage drives 19.1.2018 Sify Finance
Global data storage company Western Digital on Friday announced that it is expanding its portfolio for enterprise customers with a new, mid-range series of 4TB, 6TB and 8TB hard drives.
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HCL Technologies net up 6% in Q3 19.1.2018 Sify Finance
Software major HCL Technologies Ltd on Friday reported Rs 2,194 crore consolidated net profit for the third quarter (Q3) of fiscal 2017-18, posting 6 per cent annual growth from Rs 2,070 crore in the same period year ago and flat (0.3 per cent) sequential from Rs 2,188 crore quarter ago.
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