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Best Biscuits in India: Perfect Tea Time Partner (2024)
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LIC partners with AT Kearney for agency transformation initiative
LIC, in partnership with A.T. Kearney, launches 'Jeevan Samarth' to transform itself with global practices. CEO S Mohanty emphasized future-proofing 1.4 million agents. The project reviews branch, division, and zonal levels, addressing customers' evolving needs in savings, health insurance, ULIP, and pensions.
Peak XV has Rs 16,000 crore for investment; AI to be in focus: Rajan Anandan
Peak XV Partners, managing director Rajan Anandan said the company isn't facing any shortage of capital, they just want more people starting up in AI. "We have over 25 AI investments that we’ve made over the last 1-1.5 years,” he said. Peak XV Partners recently led a $10.5 million funding round in AI health startup Cloudphysician.
Heat, humidity or hale: 'majboori' makes gig workers brave the elements
As Delhi's extreme summer transitioned from heatwaves to humidity and now monsoon rains, gig workers on two-wheelers continued delivering essentials. Despite weather hazards, they endure long shifts, often over 12 hours, due to economic necessity. Efforts by companies to provide rest areas and emergency support have been limited and sometimes inaccessible.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
Matrix Partners India rebrands to Z47, China arm to MPC
The venture capital firm is known for backing the likes of mobility firm Ola, online payments company Razorpay and business-to-business commerce startup OfBusiness, among others. However, the firm said the operations in the US will continue under the name Matrix Partners.
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Keen to be partners with India in its space journey: Australian envoy on space collaboration projects
Australia collaborates with India in the space sector, providing an USD 18 million grant for joint projects. The partnership aims to address climate change, boost manufacturing, and advance artificial intelligence, strengthening both nations' space economies.
Bayer partners with Solynta to revolutionise potato farming in India and Kenya
Bayer and Solynta have agreed to collaborate on distributing true potato seeds in Indian and Kenyan markets, marking Bayer's entry into the global potato market. This partnership aims to provide smallholder farmers with high-quality starting material, enabling them to grow disease-resistant potato varieties from true seeds, ultimately improving food security in these regions.
Force Motors partners with EY Parthenon India for digital transformation program
Force Motors has partnered with EY Parthenon India to undertake a digital transformation programme aimed at boosting innovation and productivity across its value chain. The collaboration will focus on redesigning Force Motors' digital landscape, implementing advanced digital platforms, technologies, and solutions for customers, and enhancing its capabilities and security.
INDUS-X defence initiative between US & India marks 1st anniversary
The India-US Defence Acceleration Ecosystem has marked the first anniversary of its initiative to build a defence innovation bridge under the Critical and Emerging Technology Initiative (iCET). Launched on June 21, 2023, during Prime Minister Narendra Modi's state visit to Washington, DC, INDUS-X enhances the strategic and defence partnership between India and the US. This initiative has bolstered private sector cooperation and facilitated partnerships among defence technology companies, investors, and researchers. The upcoming INDUS-X Summit in September 2024 will focus on leveraging private capital for defence innovation, further strengthening the India-US defence ties.
Fintech firm Pine Labs weighs $1 billion IPO in India
Pine Labs is reportedly considering a US IPO that could value the company at over $6 billion. The offering is expected to include both new and secondary shares, and the company may pursue a pre-IPO funding round.
Peak XV Partners most active investor in India: Hurun report
Peak XV is the most active investor in Indian startups with investments in 47 entities, according to the ASK Private Wealth Hurun India Future Unicorn Index 2024. Accel follows Peak XV with investments in 25 companies poised to become unicorns.
Air India Express, Zoomcar partner to allow booking cars directly from airports
Zoomcar Holdings has partnered with Air India Express to offer customers the ability to book self-drive cars directly from the airport through the airline's mobile app and website in 19 cities. The collaboration provides extensive fleet options, including space for baggage with add-on packs, enhancing personalized travel experiences for guests.
JSW MG Motor India partners with Ecofy for EV financing
JSW MG Motor India has partnered with Eversource Capital-backed NBFC Ecofy to offer financing and leasing solutions for up to 10,000 JSW MG electric vehicles over the next three years. The partnership includes loan options and leasing arrangements for retail customers and B2B operators.
Indian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report
In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and 7 per cent in value.
Ummeed Housing Finance raises Rs 630 cr equity
Ummeed Housing Finance raises ₹630 crore in Series F round from investors including A91 Partners LLP and existing investors. Funds to be used for expansion in central and southern India.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
GreyLabs AI mops up $1.5 million in funding round led by Matrix Partners India
Ofbusiness founder Vasant Sridhar, MoEngage founder Narasimha Reddy, Uni Cards founder Nitin Gupta, and Scapia founder Anil Goteti, among others who participated in the funding round for the speech analytics platform for financial institutions.
Havells India partners with Jumbo Group for kitchen appliances in UAE
Havells India has partnered with Jumbo Group in the UAE to introduce kitchen appliances. Online sales on jumbo.ae will be followed by retail distribution. Havells aims to enhance brand presence and customer accessibility. Jumbo Group CEO emphasizes providing the best products for customers' convenience. After-sales service for Havells products in UAE will be managed by Jumbo Serve.
Wait for Ixigo to list before taking a call
Le Travenues Technology, the promoter of Ixigo, is raising ₹740 crore through an IPO, with a fresh issue of ₹120 crore and an OFS of ₹620 crore.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
Job market recovery may slow, for now
The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.
SpiceJet plans to raise Rs 2,000 crore by August, increase capacity: Singh
SpiceJet aims to raise Rs 2,000 crore by August for capacity expansion via aircraft leasing, with plans for another round of fundraising after a previous attempt fell through due to investor withdrawals. Chairman Ajay Singh outlined a strategy to raise $250 million by mid-August, expressing confidence in the airline's resilience despite financial challenges and a reduced fleet strength of around 25 operating planes.
Turbulence ahead? Nitish Kumar, Tejashwi Yadav leave for Delhi on same flight
Following the contested Lok Sabha elections, India's political landscape is heating up, with both the National Democratic Alliance (NDA) and the INDIA bloc preparing for crucial meetings in Delhi. Bihar Chief Minister Nitish Kumar and his opponent, Tejashwi Yadav of the Rashtriya Janata Dal (RJD), departed together to Delhi.
Will INDIA bloc forge partnerships to form govt at the Centre? Rahul Gandhi elaborates on possibilities
During a press conference, Congress MP Rahul Gandhi announced that the INDIA alliance will convene a meeting tomorrow to discuss the possibility of forming a government. He emphasized the importance of consulting alliance members before making any decisions. Gandhi expressed gratitude for the solidarity shown by all Congress leaders and their alliance partners. Congress chief Mallikarjun Kharge echoed Gandhi's sentiments, emphasizing the need to strategize with alliance partners to secure a majority.
India is Australia’s top-tier security partner, says High Commissioner Green
Highlighting India's capabilities in producing electric vehicles and solar panels at scale, he noted, "India is a key part of our diversification agenda and supply chain resilience." This collaboration is particularly crucial as both countries aim to deal with supply chain disruptions and promote sustainable energy solutions. The High Commissioner lauded the rapid growth in India-Australia relations over the past five years, describing it as the "fastest build-up of one of our big relations in history."
Google Wallet in India partners with Pine Labs to offer gift cards
Google Wallet users can store and manage Gift Cards within the app and will receive reminders to use them at checkout. Google had launched the Google Wallet app for Android users in India earlier this month.
Xponentia, A91 Partners &360 ONE Asset invest $100 mn in Sedemac Mechatronics
Sedemac Mechatronics, founded by Professor Shashikanth Suryanarayanan at IIT Bombay, announced a $100 million investment led by Xponentia Capital Partners, A91 Partners, and 360 ONE Asset.
More PE firms gearing up for India debut
The US PE firm Platinum Equity is exploring investments in a range of sectors.
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