IBM partners with US based Majesco to provide insurance services

Majesco, an insurance software provider, and IT services giant IBM tied up to offer a cloud based platform to their insurance clients to speed up customer service with the help of data analytics. The five-year partnership will allow insurance companies to develop and launch new products and services via the IBM cloud, the company said. […]

Hero MotoCorp sets record in monthly two-wheeler sales in September

Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]

Venture Factory invites managers to join them and start their entrepreneurial journey

Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company’s payroll to setup their entrepreneurial venture. The program, christened Entrepreneur-in-Residence program, has started inviting applications from middle and senior management level executives with strong domain […]

Gayatri Projects wins Rs 926 cr order in Bihar, to be funded by Japanese company

Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency. The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said the company. It has received projects for Rs 12,000 crores in the past […]

Infibeam to offer Ecommerce solutions in Middle East & Africa

Infibeam Incorporation Limited, a Indian ecommerce company, said it entered into licensing agreement and joint venture with Dubai-UAE based KSK capital for offering “e-commerce solutions to merchants and consumers” in about 40 countries in Middle East & Africa. It was not clear whether Infibeam would provide the back-end software and platform for the project or […]

L&T wins projects for Rs 6,024 crores, 40% orders from Middle East

Larsen & Toubro, a leading Indian infrastructure company, said it has won projects worth Rs 6,024 crores across various business segments, including some in the Middle East. Out of theRs 6,024 crores, Rs 2,501 crores worth of projects were from the Middle East. The period over which these contracts were acquired was not disclosed. The power […]

Sports given infrastructure status in India

The Ministry of Finance said sports infrastructure will be included under the harmonized master list of infrastructure subsectors, easing the flow of investments and incentives to the sector. The decision was taken after a series of meetings and discussions with different agencies including RBI. This inclusion would bolster investment in sports infrastructure sector which will […]

EROS, Phars Film tie up for Malayalam movie distribution

Film distributor Eros International Media said it has partnered with UAE’s film distribution and exhibition network Phars Film to jointly co-produce Malayalam films along with exploration of theatrical rights between the two entities. The deal licenses Eros to distribute all jointly produce Malayalam movies in India while Phars Films would present the same overseas where it enjoys a dominant market […]

India to acquire stake in Russian oil fields, to invest US $3.2 billion

Indian government approved the acquisition of stakes in two Russian oil fields for US $3.2 billion. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company […]

Arrow Greentech gets US patent for self-destructive packaging film

Arrow Greentech, a Mumbai based packaging solution provider, said it has received a patent from United States Patent and Trademark Office for self-destructive packaging film which is also water soluble. The water-soluble packaging film will also be embedded with various security elements which will get destroyed irreversibly upon final usage. The whole package along with […]

HPCL, Aditya Birla Fashion to start accepting ICICI Bank’s UPI payments

ICICI Bank said it has tied up with Hindustan Petroleum Corporation Ltd and Aditya Birla Fashion and Retail Limited to offer UPI based payments their retail outlets. The bank also said it has become the first in India to have 1 lakh registered virtual payment addresses under the platform. UPI, or unified payment interface, is […]

India signs 15 year contract for exploration of gold and platinum in the Indian Ocean

Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]

Zebronics launches Chromecast-like device at Rs 1699 to cast phone screen to TV

Zebronics, a Chennai based electronics manufacturer, launched ZEB Cast 100 — similar to Google’s Chromecast device which helps in casting the screen of your phone or device onto a TV or monitor. The device has been priced at just Rs 1,699, compared with Rs 3,399 for Google Chromecast. “ZEB CAST 100 is compact easily fits […]