Govt. Launches Transforming India Initiative

Govt. Launches Transforming India Initiative

For all those trapped in your jobs looking to start your own venture, the govt. has some good news. A new fellowship program called “Transforming India Initiative” has been started by the Indian Government. What is it? Supported by the Niti Aayog’s Atal Innovation Mission and Institute of Rural Management Anand (IRMA), Transforming India Initiative is a unique 2-year fellowship program that will help you transform from a job seeker to an entrepreneur for a…

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Start Up GAIL- Natural Gas Company

Start Up GAIL- Natural Gas Company

GAIL is an innovation and technology driven company operating in the field of Natural Gas and its derivatives. This company showed how start-ups can function properly by remaining viable amidst competition all the while attracting investments. In order to stay competitive, it is required to keep abreast with the latest technological developments in our core businesses. Investment in Start-Ups in our Core Areas is likely to play an important role in our quest to remain…

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Academia-Industry-Youngsters : The Model For Startups

Academia-Industry-Youngsters : The Model For Startups

Very often question arises on the role of academia in the industry and how it helps in nurturing upcoming start-ups. As far as conventional notion goes, there are 2 types of academia – one who sticks to the lab and his academic profile, and the other one who veers for a more robust lab-industry tie-up. Now, the question is ” Which one succeeds in the long run?”, “Which one is more sustainable?”, “Which one is…

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UC Berkeley Launches Smart City Lab to Co-opt Citizens for Innovative Solutions

UC Berkeley Launches Smart City Lab to Co-opt Citizens for Innovative Solutions

With the intention of forming up of smart cities in India, in joint venture with citizens, the University of California, Berkeley, has publicized the launch of a Smart City Co-Innovation lab to offer a stage to large, medium companies, new start-ups and the local government to revolutionize with citizens for generating justifiable smart-city solutions and last-mile business models. An official release said, “The programme will invite young people between the ages of 18 and 29…

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UBS remains World’s Biggest Private Bank

UBS remains World’s Biggest Private Bank

Switzerland-based UBS retained its position as the world’s biggest private bank in 2015, a study by wealth management researcher Scorpio Partnership has stated. UBS had $1,737.5 billion managed assets by the end of 2015, nearly $300 billion more than the second-placed Bank of America Merrill Lynch. However, the study reported a 1% fall in UBS’ assets from 2014. Source: Inshorts

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8 MoUs Inked at India-South Africa CEOs Forum

8 MoUs Inked at India-South Africa CEOs Forum

Business leaders from India and South Africa on Friday signed eight MoUs at a CEO forum on the sidelines of PM Narendra Modi’s visit to the African country. The MoUs were signed in sectors including mining, railways, defence and education. The biggest of the MoUs was signed between a South African port and Cipla, involving investment worth around $90 million. Source: Inshorts

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Amazon Named World’s Smartest Company of 2016

Amazon Named World’s Smartest Company of 2016

Jeff Bezos-led online retail giant Amazon has topped MIT’s annual list of the world’s smartest companies of 2016 for combining innovative technology with an effective business model. Chinese web services company Baidu and the world’s largest DNA-sequencing company Illumina have been ranked second and third respectively. The list also includes Tesla Motors, Alphabet, Facebook, SpaceX and Snapchat. Source: Inshorts

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India Post Gets Govt Nod to Set Up Payments Bank

India Post Gets Govt Nod to Set Up Payments Bank

The Union Cabinet on Wednesday gave its approval to India Post to set up payments bank. The government will set up 650 branches of the postal bank across the country by September 2017, Telecom Minister Ravi Shankar Prasad said. Payments bank, aimed at improving financial inclusion, allows customers to transfer money or remittances using a mobile phone. Source: Inshorts

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India’s per Capita Income Rises 7.4% to ₹93,293

India’s per Capita Income Rises 7.4% to ₹93,293

India’s per capita income rose by 7.4% to ₹93,293 in 2015-16, as against ₹86,879 witnessed in the preceding fiscal. Several analysts expect that the per capita income will cross the ₹1 lakh mark for the first time ever in 2016-17. The Gross National Income (at 2011-12 prices) was estimated at ₹112.13 lakh crore, as against ₹104.28 lakh crore in 2014-15. Source: Inshorts

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