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Wednesday, February 22, 2017

‘Demonetisation to spark VC interest in Indian fintech firms’

Chennai, Feb 22 The increase in digital payments by Indians following the demonetisation of old notes is expected to interest venture capital funds to invest in firms operating in the payments and mobile wallet sectors, consultancy firm KPMG said.

Enough cash, decision on NPAs vital for growth Assocham

New Delhi, Feb 22 Sufficient cash in both rural areas and cities, along with some bold and pragmatic decisions on issues like bank' non-performing assets (NPAs) will be key drivers for reverting to eight per cent growth of the Indian economy, a leading industry lobby said here on Wednesday.

Airtel acquires strategic stake in FinTech startup Seynse

New Delhi, Feb 22 Telecom major Bharti Airtel on Wednesday reported that it has acquired a strategic equity stake in financial technology (FinTech) company Seynse Technologies.

India-Australia to cooperate in civil aviation security

New Delhi, Feb 22 The central government on Wednesday said that India and Australia will cooperation in the field of civil aviation security.

Denmark extends detention of Korean Rasputin’s daughter

Copenhagen, Feb 22 A Danish court Wednesday extended by four weeks the preventive detention of the daughter of Choi Soon-sil, the alleged mastermind of the massive corruption scandal that has rocked South Korea since October 2016 and led to President Park Geun-hye's impeachment.

Nasscom, ITAC-Japan collaborate to boost Indian IoT ecosystem

New Delhi, Feb 22 In a move towards developing the Internet of Things (IoT) ecosystem in India, IT industry's representative organisation Nasscom on Wednesday signed an MoU with the IoT Acceleration Consortium (ITAC)-Japan.

HP launches ‘OMEN’ gaming portfolio in India

New Delhi, Feb 22 Emphasising on building a gaming ecosystem in India, printing and personal computer major HP Inc. on Wednesday launched its OMEN gaming portfolio in the country, featuring an array of products that combines latest in PC innovation to deliver the best experience for gamers.

Nadella unveils ‘Project Sangam’, ‘Made for India’ Skype Lite app

Mumbai, Feb 22 In a big push for Prime Minister Narendra Modi's Skill India initiative, Microsoft's Indian-born CEO Satya Nadella on Wednesday launched Project Sangam to help the government not only train but also help people get jobs via professional networking website LinkedIn that was acquired by the company last year.

‘India’s simplified laws attracting FDI from China’

New Delhi, Feb 22 The simplification of Indian laws and regulations towards ease of doing business has drawn significant interest from Chinese companies to make investments in the country, China's former Vice Foreign Minister Lu Xinhua said on Wednesday.

LG launches India’s first smartphone with panic button ‘112’

New Delhi, Feb 22 In line with the government's initiative to make the Panic Button service on mobile phones mandatory from March 2017, South Korean electronics conglomerate LG on Wednesday launched K10 2017 smartphone that comes with the panic button service 112.

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