NEWS
NEWS 
March 11, 2016 Flipkart restructures core unit, shuffles senior staff
Binny Bansal, new CEO of Flipkart. Photo: Pradeep Gaur/Mint Bengaluru: Flipkart Ltd has restructured the company’s core retail and marketplace business and moved many of the firm’s senior executives into new roles, a day after it named co-founder Binny Bansal as its new chief executive officer (CEO), said two persons familiar with the matter. Flipkart’s […]
NEWS March 11, 2016 CarTrade raises Rs950 crore investment from Temasek and others
The company that was founded in 2009 by Vinay Sanghi is looking to use the funds to expand its offerings for users and dealers. Mumbai: Online auto classifieds company MXC solutions Pvt. Ltd that operates as Cartrade.com Wednesday said it has raised Rs.950 crore in a funding round led by Singapore-based investment firm Temasek and […]
NEWS March 11, 2016 Care24 raises $4 million from SAIF Partners, India Quotient
Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board. New Delhi: Aegis Care Advisors, which runs home healthcare service provider Care24, has raised $4 million in a fresh round of funding led by venture capital firm SAIF Partners. Existing investor India Quotient also participated in the round, chief […]
NEWS March 11, 2016 Will online pharmacies work in India, and are they even legal?
Zigy co-founder Hemant Bhardwaj hired three law firms just to ascertain if the business of online pharmacies was legal. Photo: Hemant Mishra/Mint New Delhi: It’s a $18 billion market set to grow to $55 billion by 2020 and it’s finally beginning to get the kind of attention from investors and entrepreneurs those numbers warrant—despite uncertainty […]
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March 11, 2016 Car pooling app Orahi raises Rs3.5 crore from IAN
The Orahi app allows private vehicle owners to choose passengers travelling in the same direction. The service costs Rs.3.5 per km, out of which Rs.3 goes to the car owner while 50 paise is earned by Orahi. New Delhi: Gurgaon-based Phonon Solutions Pvt. Ltd, which owns and operates car pooling app Orahi, on Thursday said […]
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March 11, 2016 Amrita University’s incubation centre to invest $120,000 in four start-ups
According to the Amrita University’s incubation centre, it has so far mentored 181 start-up ideas, built 31 products, filed for five patents and trained 6,700 students, and incurred zero loss from its investments. Chennai: Four start-ups have won seed funding worth a total of $120,000 (Rs.80 lakh) from Amrita Technology Business Incubator (TBI), supported by […]
NEWS March 11, 2016 SBI launches specialized branch for start-ups
Chairperson of SBI Arundhati Bhattacharya and managing director Rajnish Kumar, National Banking Group (NBG) launch SBI Exclusif and SBI InCube. Photo: AP Bengaluru: State Bank of India (SBI), India’s largest lender, on Thursday opened a specialized branch—SBI InCube—that will cater to the specific financial needs of start-ups. The branch will assist start-ups in cash management, […]
NEWS March 11, 2016 UGC asks varsities to set up students counseling system
The UGC letter said that the counseling system should bridge formal as well as communicative gaps between the students and the institution at large. New Delhi: The University Grants Commission (UGC) has written to all universities to put in place a “students counseling system” for redressal of problems and challenges faced by students in the […]
NEWS March 11, 2016 Ashoka University looks to raise Rs750 crore
The university started operations from its permanent campus and aims to have 2,000 students and 150 faculty members by 2020. New Delhi: Ashoka University, India’s first liberal arts university, is looking to raise a total of Rs.750 crore from businessmen, non-resident Indians and corporate social responsibility (CSR) funds of companies, in one of the biggest […]
NEWS March 11, 2016 Budget pegs Rs72,394 crore as education outlay for 2016-17
As part of the pending move, all education credentials of students from Class X onwards would be digitized and kept in a demat format. Photo: Priyanka Parashar/Mint New Delhi: The Union budget on Monday allocated Rs.72,394 crore to education in the 2016-17 financial year, an increase of around 5% over the 2015-16 estimate. Of the […]
NEWS March 11, 2016 Indian School of Business gets all-time high of 1,093 job offers
ISB’s flagship post graduate programme in management is a year-long course and costs around Rs.25 lakh. Hyderabad: The Indian School of Business (ISB) has grabbed an all-time high of 1,093 job offers this year. ISB has 812 students in its two campuses in Hyderabad and Mohali. On Thursday, ISB said that it has seen a […]
NEWS March 11, 2016 Gender gap remains wide in STEM
The proportion of women in science, technology, engineering and mathematics (STEM) is the lowest in South and West Asia at almost 19%. Photo: Mint New Delhi: Gender inequality in science has been a matter of concern for years, but progress toward closing the awning gap continues to be tardy, according to the UN. Only 28.4% […]
