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[Lendingkart Raises $30 Mn in Funding from Fullerton, Bertelsmann India and India Quotient](
Aug 09, 2019 03:09 pm
Financial technology firm Lendingkart Technologies on Friday said it has raised a fresh equity funding of â¹212 crore (US $30 million) led by existing investors, including Fullerton Financial Holdings Pte Ltd (FFH), Bertelsmann India Investments and India Quotient. With this funding round, the total equity raised by Lendingkart stands at USD 143 million, a statement said. In June, Lendingkart marked one of the largest startup venture debt transactions in India when it raised â¹ 80 […]
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[HCL Techâs UK Unit Picks-up Stake in Professional Networking App Kalido for $2 Mn](
Aug 08, 2019 10:29 pm
Indian IT services major HCL Technologies on Thursday said its UK susidiary has picked up minority stake in London-based Kalido, Operated by London-based Om Mobile Ventures,Kalido empowers its users to provide skills and meet skilled people, with trust at the core of every interaction. Kalido can be used for enterprises, schools, conference organisers and attendees, for setting up a private network. HCL Technologies UK Ltd will acquire 2.8 million shares of Kalido’s parent, Om Mobile […]
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[Relief for Startups: CBDT Lays out Procedure for Pending Angel Tax Assessment Cases](
Aug 08, 2019 10:11 pm
Seeking to calm the nerves of startups worried over angel tax, the government has assured that explanation given by them to a tax notice in a limited scrutiny case would be summarily accepted without any questions asked by the taxman. This is part of the procedure being laid out by the Central Board of Direct Taxes (CBDT) to deal with pending angel tax assessments of startups, a move aimed at easing tax compliance for such […]
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[WhatsApp can be Hacked, says Israeli Cyber Security Firm Check Point](
Aug 08, 2019 09:20 pm
Israeli cyber security firm Check Point has claimed that WhatsApp can be hacked allowing the attacker to intercept and manipulate messages sent by those in a group or private conversation, which the messaging platform strongly denied. Check Point, in a blog underlining the vulnerability, said it has already informed WhatsApp of its findings. When contacted, a Facebook spokesperson said: “We carefully reviewed this issue a year ago and it is false to suggest there is […]
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[Sequoia-backed Startup Medgenome Develops DNA Test to Identify All Drug Resistance Mutations in TB](
Aug 08, 2019 06:51 pm
DNA diagnostic startup MedGenome Labs claimed on Thursday it has developed a DNA test to identify all drug resistance mutations in tuberculosis (TB). MedGenome, which counts Sequoia Capital and HDFC Group as its investors, claimed that ‘SPIT SEQ’ developed by it is the first Whole Genome Sequencing based test that can provide a detailed analysis of every single mutation present in any tuberculosis bacteria causing drug resistance-directly from the sputum. This would enable a doctor […]
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[SEBI Planning New Norm for Startups to Shift to Main Exchange Board post 1 Yr](
Aug 08, 2019 06:30 pm
New Delhi, Aug 8 (PTI) To help startups to move from the Innovators Growth Platform of stock exchanges to the main board for regular trading, regulator Sebi is planning a new set of norms to allow them to shift after one year of trading and expanding their shareholder base to at least 200. However, the regulator is of the view that if companies listed on the IGP are allowed to be traded in the regular […]
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[Traders body CAIT launches Initiative to Accelerate Digital Payments acceptance among Merchants](
Aug 08, 2019 05:55 pm
Traders body Confederation of All India Traders (CAIT) on Thursday launched an initiative — Digi Vyapari-Safal Vyapari — to accelerate acceptance of digital payments among merchants across the country. CAIT has partnered with HDFC Bank, Mastercard, Common Service Centres (CSCs) of Ministry of Electronics and Information Technology (Meity) and Global Linkers for the initiative. Realising that e-commerce will play an important role in business, “we will make live showroom of traders on e-commerce portal which […]
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[Airtel will No longer be Indian Entity as Singaporeâs SingTel May Raise 85% Stake](
Aug 08, 2019 05:31 pm
Singapore-based telecom major SingTel, which currently holds around 35% stake in Bharti Airtel, may raise stake to more than 50% in India’s first private telecom services, Bharti Airtel – the promoter entity of Airtel, that may turn Airtel into a foreign entity. Bharti Telecom is the single-largest shareholder in Bharti Airtel with about 41% equity stake, according to the BSE data. Sunil Bharti Mittal and his family currently own around 52% stake in Bharti Telecom. […]
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[Zomato Lays Off 60 from Customer Support in Gurugram for âRedundanciesâ](
Aug 08, 2019 05:09 pm
Online restaurant guide and food ordering firm Zomato has laid off around 60 employees mainly from its customer support department in Gurugram on account of ‘redundancies’. “Over the last few months, our service quality has improved, and the percentage of orders requiring support has come down significantly creating redundancies for about 1 per cent (60 people) of our workforce,” a company spokesperson said in a statement. Most of these redundancies are in the customer support […]
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[Cryptocurrency âMobilioâ Helps Reducing Traffic Accidents â Austrian Firm](
Aug 08, 2019 03:38 pm
Most of us automatically reach for our phone the moment a message arrives. We also answer incoming immediately because they could be important. This is not a problem, unless you are driving a vehicle. When you check a message at 55mph, you end up driving blind for about the length of a football field. Traffic accidents are the most frequent cause of death worldwide for people aged between 5 and 29. In a quarter of […]
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