Tag: Business News

Qualcomm Ventures to Invest ₹ 730 Crore in Jio Platforms
Business, News

Qualcomm Ventures to Invest ₹ 730 Crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), announced today that Qualcomm Ventures has committed to invest upto ₹ 730 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Qualcomm Ventures’ investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis. The investment will deepen the ties between Qualcomm and Jio Platforms, to support Jio Platforms on its journey to rollout advanced 5G infrastructure and services for Indian customers.  Jio Platforms, a majority-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388...
NTPC Singrauli Exhibits Exceptional Operational Efficiency
Business, News

NTPC Singrauli Exhibits Exceptional Operational Efficiency

New Delhi: NTPC Singrauli Unit 1, the oldest Unit of NTPC has emerged as the top-performing Unit in the country in the first quarter of the financial year, as per the data released by Central Electricity Authority (CEA). The first unit of the station started generating on February 13, 1982, and continues to serve the country with exceptional performance. NTPC Singrauli has an installed capacity of 2000 MW with five units of 200 MW each and two units of 500 MW each. Three units (1, 4 & 5) of 200 MW have achieved PLF of 101.96%, 101.85% & 100.35% respectively in Q1 FY 20-21 among the Coal-fired Units, in the country. NTPC Singrauli is the flagship power station of NTPC Ltd, India’s largest power generation company. With a total installed capacity of 62110 MW, NTPC Group ...
JBL Professional Launches Bluetooth-Enabled Desktop Reference Monitors in India
News, Technology

JBL Professional Launches Bluetooth-Enabled Desktop Reference Monitors in India

BANGALORE: HARMAN Professional Solutions today announced the launch of new JBL Professional One Series 104-BT and 104-BTW desktop reference monitors with Bluetooth in India. The speakers are also perfect companion to desktops and laptops providing the iconic JBL Professional sound for an exceptional audio experience every day. JBL One Series 104-BT reference monitors enable content creators and audio professionals to stream accurate, studio-quality audio via Bluetooth or play back audio using a standard wired connection. Drawing from more than seven decades of JBL Professional engineering, JBL One Series 104-BT monitors deliver clear, detailed sound while mixing and editing. With an array of easily accessible input options, smart features and a sleek, compact design, JBL 104-B...
Livelihood Protection Insurance Policy for Daily Income Earners
Banking, Finance, Insurance, News

Livelihood Protection Insurance Policy for Daily Income Earners

Mumbai: Reliance General Insurance today introduced Livelihood Protection Insurance Cover dedicated for Daily-income earners from the grievous impact of weather vagaries on their income and livelihood.  This IRDAI approved product under Sandbox guidelines has been designed in a way where the weather risk is monitored from Automated weather stations from Indian Meteorological Department (IMD) or by private Independent third parties involved in supply of weather data and claim is automatically calculated using this procured weather data. Hence, the claims will be derived comparing the actual weather from defined benchmark. In case, if the actual weather goes above the defined...
JioFiber Users to Get Exclusive Complimentary Access to Lionsgate Play
Entertainment, News

JioFiber Users to Get Exclusive Complimentary Access to Lionsgate Play

Mumbai: Jio offers an exclusive complimentary Hollywood access to the entire library of premium content from Lionsgate Play across genres, in multiple languages. Starting today, JioFiber users can view more than 7,500 distinct premium television episodes and feature films, including STARZ original series, first-run movies and other popular programs. The Lionsgate Play collection includes a deep and diverse slate of horror, comedy, drama, action, thriller and documentary films as well as movies from other genres. Apart from English, regional-speaking cinema lovers can enjoy Lionsgate Play’s blockbuster movies in Hindi, Kannada, Marathi, Tamil, Telugu and Bhojpuri. The complimentary access is available for JioFiber Silver multi-month and above plans, including new and existing JioF...
NSDC and Microsoft Collaborate to Empower Indian Youth with Digital Skills
Digital, Human Resources, News

NSDC and Microsoft Collaborate to Empower Indian Youth with Digital Skills

Bangalore: With a vision to transform India into a skilled nation, National Skill Development Corporation (NSDC) and Microsoft today announced a strategic partnership aimed at providing digital skills to over 1 lakh youth in the country over the next 12 months. Microsoft will collaborate with NSDC’s eSkill India portal to provide free access to learning resources and conduct digital skilling awareness drives, equipping the next generation of learners with the skills they need to thrive in a digital economy. As part of the partnership, Microsoft’s learning resource center, Microsoft Learn will be integrated with the eSkill India digital platform to provide access to personalized learning paths and resources that are in-demand in today’s economy and are well-positioned to continue t...
Unacademy Acquires PrepLadder for $50M
Education, News, Startup

Unacademy Acquires PrepLadder for $50M

Mumbai: Unacademy, a learning platform, today announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50M. The acquisition will strengthen Unacademy’s presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.   Started in 2016, PrepLadder specializes in medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE. Founded by Deepanshu Goyal, Vitul Goyal, and Sahil Goyal, the company was built with the vision to provide affordable and quality education to students preparing for postgraduate medical entrance exa...
Intel Capital to Invest ₹ 1,894.50 Crore in Jio Platforms
Business, News

Intel Capital to Invest ₹ 1,894.50 Crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to ₹ 117,588.45 crore. Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio...
Business, News

CM Ashok Gehlot to Ensure Doing Business Gets Easier in Rajasthan

Jaipur: The Chief Minister of Rajasthan Ashok Gehlot would personally monitor the progress on Ease of Doing Business (EoDB) parameters in the state. This was informed by the Chief Secretary DB Gupta while addressing a high-level meeting with various departments at the secretariat on Wednesday over the implementation of EoDB in the state.  "Ensuring achievement of EoDB goals is more necessary now than before.  We need to establish responsibilities, identify focus areas, and set a time-bound program to fulfil the goals," the Chief Secretary directed the officials. “There would be monthly meeting with the department secretaries and nodal officers regarding progress in the direction,” he added. The Central Government, while increasing the parameters of EoDB reforms has also li...
SBI General Insurance Unveils Redesigned Logo and Tagline
Banking, Finance, Insurance, News

SBI General Insurance Unveils Redesigned Logo and Tagline

Kolkata: SBI General Insurance (SBIG) today announced the launch of its new corporate brand identity with redesigned logo and the tagline ‘Suraksha aur Bharosa dono’. Digitization has been always at core at SBIG, hence, at this stage the company has amalgamated focus and strategy in the new brand identity, with a swipe-able and fresh-looking logo. The new purple colour logo conveys SBIG’s future readiness with services to its customers consisting traditionalists and modernists across India. The traditionalist customers are those who value trust, loyalty, value for money and integrity, whereas modernist look for flexibility and future readiness. Purple colour denotes youthfulness, wisdom and devotion. Shri Dinesh Kumar Khara, Managing Director Global Banking & Subsidiari...