Business

Wipro GE Healthcare and Indian Institute of Science Partner to Set Up Healthcare Innovation Lab
Business, News

Wipro GE Healthcare and Indian Institute of Science Partner to Set Up Healthcare Innovation Lab

Bangalore, Sept. 24, 2020: Indian Institute of Science (IISc) and Wipro GE Healthcare today announced the inauguration of an advanced center for innovation and research at the IISc campus in Bangalore- ‘WIPRO GE Healthcare - Computational and Data Sciences Collaborative Laboratory of Artificial Intelligence in Medical and Healthcare Imaging’. The facility, located at the Department of Computational and Data Sciences (CDS) of IISc, Bangalore, will work on the next level of healthcare diagnostics with deep learning technology, artificial intelligence and future-ready digital interfaces, to provide highly sophisticated diagnostic and medical image-reconstruction techniques and protocols for faster and better imaging. To start with, this facility will work with over fifty students and three f...
Acer India Signs Sonu Sood as Brand Ambassador
Business, Technology

Acer India Signs Sonu Sood as Brand Ambassador

Mumbai, Sept. 23, 2020: Acer India today announced Bollywood’s well-known actor Sonu Sood as its brand ambassador. The actor will be seen endorsing the brand's innovative range of products across media platforms for campaign to talk about Acer’s commitment to improving people’s lives through technology. This association will help Acer India drive awareness of leading India’s next-generation digital evolution through its cutting-edge innovation and products which are strong and dependable just like what Sonu has represented during the pandemic crisis. Harish Kohli, President, and Managing Director, Acer India on the announcement said, “We are pleased to welcome Mr. Sonu Sood as our brand ambassador in India. As the brand grows to the next level, we aim to strengthen the relatio...
KKR to Invest ₹ 5,550 Crore in Reliance Retail Ventures
Investment, News

KKR to Invest ₹ 5,550 Crore in Reliance Retail Ventures

Mumbai, Sept. 23, 2020: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a ₹ 11,367 crore investment in Jio Platforms announced earlier this year. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest, fastest growing and most profitable retail business serving close to 640 million footfalls across its ~12,000 stores nationwide. Re...
GirnarSoft Commits to Invest $20 Million in InsuranceDekho
Investment, News, Startup

GirnarSoft Commits to Invest $20 Million in InsuranceDekho

Mumbai, Sept. 22, 2020: GirnarSoft announced plans to invest $20 Million in its subsidiary, InsuranceDekho, an omni channel insurance platform. They will use the funds to invest in branding and strengthening their tech, product and sales teams. InsuranceDekho sells insurance through a unique advisory led model leveraging on both online and offline distribution networks. These funds will also be used to strengthen InsuranceDekho’s transaction businesses and further expand its footprint deeper into the country. InsuranceDekho recently announced plans to onboard 1 lakh insurance advisors across country. They have already enrolled 20,000 advisors successfully. “InsuranceDekho started as a modest initiative to complete the ecosystem play. Over the years, under Ankit’s leadership, it has ...
Dalmia-OCL Launches Magnesia Carbon Line for Steel Sector
Business, News

Dalmia-OCL Launches Magnesia Carbon Line for Steel Sector

Mumbai, Sept. 21, 2020: In response to Hon Prime Minister Shri Narendra Modi’s clarion call for Atmanirbhar Bharat, Dalmia-OCL Ltd today launched a new refractory line for production of Magnesia Carbon (MgO-C bricks) at its Rajgangpur plant in Odisha. Minister of State for Steel, Shri Faggan Singh Kulaste inaugurated the production line, which will have a capacity of 108,000 tonne and cater to the demand of domestic steel manufacturers. Once fully commissioned, this will be India’s largest refractory line for production of Magnesia Carbon Bricks and promises to cut nation’s import dependence by up to 50%.  The refractory line, which has been set up under Dalmia-OCL’s initiative of ‘Bharat ki Factory mein Bharat ki Refractory’, will come up in 3 phases of 36,000 tonne each. Thi...
OkCredit Unveils ‘TaiyaarHainHum’ Anthem Dedicated to Local Businesses
Business, News

OkCredit Unveils ‘TaiyaarHainHum’ Anthem Dedicated to Local Businesses

New Delhi, Sept. 19, 2020: OkCredit has unveiled their anthem ‘TaiyaarHainHum’ dedicated to local businesses of India, during the difficult times of pandemic. TaiyaarHainHum is also an endeavour to strongly support Vocal for Local by showcasing to the local merchants that OkCredit is their true companion; ‘Apke Business ka Saccha Saathi’. The campaign depicts gratitude and appreciation to the small merchants for their selfless support extended during this challenging situation to deliver essentials to the doorstep of the consumers when life is almost at a standstill across India. The continuous service by these unsung heroes across the nation has kept many people safe inside their homes. Further with TaiyaarHainHum, OkCredit extends its partnership with Delhi Capitals to appre...
CEOITBOX to Help 100 Indian Companies Get into Fortune 500: Sanjeev Jain
Business, Interviews

CEOITBOX to Help 100 Indian Companies Get into Fortune 500: Sanjeev Jain

In the 21st century, technological development has transformed human life to such an extent that it is difficult to imagine a life without technology. Be it a business or life in general, technology has made it easier. It is that compelling weapon that helps nations & businesses grow rapidly. Sanjeev Jain, Founder - TNS Networking Solutions  Mr. Sanjeev Jain, an Indian business coach and founder of TNS (Technology Never Sleeps) Networking Solutions Pvt. Ltd. admires technology. He believes technology is a boon that makes life easier for every individual. With his thought leadership, he guides and trains the folks to set a benchmark in their relevant businesses. In his recent talk with MediaCatalyst, Mr. Jain shares his journey and how he helps budding entrepreneurs ...
Silver Lake to Invest ₹ 7,500 Crore in Reliance Retail Ventures
Investment, News

Silver Lake to Invest ₹ 7,500 Crore in Reliance Retail Ventures

Mumbai, Sept. 09, 2020: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted basis. This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year. Commenting on the transaction with Silver Lake, Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said, “I am delighted to extend our relationship with Silver Lake to our transfor...
BARC India to Mitigate Impact of Landing Page on TV Viewership
Business

BARC India to Mitigate Impact of Landing Page on TV Viewership

NEW DELHI, September 03, 2020: BARC India is introducing algorithms into its data validation method to mitigate the impact of landing page on viewership data across all genres of channels. Data release for Week 34, 2020, data starting August 22, 2020, release date September 03, 2020 will reflect the new initiative. “The results of hundreds of hours of research and several months of rigorous development and testing are very promising. BARC India will now be able to mitigate any landing page anomaly to better reflect viewer’s choice.” says, Dr. Derrick Gray, Chief of Measurement Science & Business Analytics, BARC India. He adds, “the existing method was based on symptomatic statistics and we have improved upon it with a method that directly uses inferential statis...
IndiGrid Completes Acquisition of GPTL Transmission Project
Business, News

IndiGrid Completes Acquisition of GPTL Transmission Project

MUMBAI, August 31, 2020: India Grid Trust (“IndiGrid”) today completed the acquisition of another transmission asset - Gurgaon Palwal Transmission Limited (“GPTL”), from Sterlite Power at an enterprise value of ~INR 10.8 billion (USD 150 million). With this acquisition, IndiGrid’s AUM has increased by ~9% to ~INR 133 billion (USD 1.80 billion). IndiGrid’s asset portfolio will now consist of 10 power transmission projects, with a total network of 25 power transmission lines and 7 substations extending over ~6,080 circuit kilometres & 10,735 MVA in 15 Indian states. GPTL is part of Inter State Transmission Scheme (ISTS) network and consists of three gas-insulated substations (GIS) with a total transformation capacity of 3,000 MVA and ~270 circuit kilometers of 400 KV transmission lin...