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[AI-based Hyperlocal Social Network IamHere wins Elevate 2019 for using Tech to Create Social Impact](
Aug 16, 2019 03:16 pm
Bengaluru-based IamHere, a NASSCOM incubated Artificial Inttelligence (AI) -powered hyperlocal social network wins the prestigious Elevate award for 2019. Elevate is a first-of-its-kind programme for start-ups conducted by the Government of Karnataka and selected start-ups get support from the Govt in the form of grants, mentorship and pilot opportunities for Govt projects. Talking at the event, Mr. Gaurav Gupta, Principal Secretary, Department of IT, BT, S&T, Govt of Karnataka said, “Over the last few years, […]
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[Lendingkart Technologies Raises Rs 21 Cr from Sistema Asia Fund](
Aug 16, 2019 02:40 pm
Within a few days after raising ₹212 crore (US $30 million) in funding from Fullerton, Bertelsmann India and India Quotient, fintech startup Lendingkart Technologies on Friday said it has raised Rs 21 crore in fresh equity from Sistema Asia Fund (SAF). With the latest infusion, the equity funding raised by Lendingkart stands at a total of US$146 million, a statement said. The valuation of the company was not disclosed. “The latest funding round with the […]
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[Bristol Engineering Students Develop Jet-Powered Human Flight Suits](
Aug 16, 2019 02:21 pm
Developing jet-powered human flight suits may sound like science fiction, but Bristol’s Aerospace Engineering students are helping to make it reality, thanks to a collaboration between world-leading human flight suit manufacturer, Gravity Industries and the University of Bristol. Nothing says ‘this is the future’ like a jet suit. For PhD student, Abhishek Gautam, the opportunity to work with Gravity Industries’ Chief Test Pilot and CEO Richard Browning on the development of the jet-powered human flight […]
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[Defying Slowing Economy Alibaba’s Revenue Rose 42% YoY to $16.7 Billion in Q1-2019](
Aug 15, 2019 07:54 pm
Chinese e-commerce giant Alibaba said Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 per cent year-on-year to 114.9 billion yuan (USD 16.7 billion), a company statement said, outpacing an average analyst estimate of 111.6 billion yuan compiled by Bloomberg News. Joe Tsai, Alibaba’s Executive Vice-Chairman, attributed the results to China’s demographic trends and continued urbanisation, pointing […]
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[CBDT’s Procedure for Pending Angel Tax Assessment Cases to Safeguard Start-ups: Experts](
Aug 15, 2019 06:24 pm
The government’s recent decision to give relief to start-ups on assessment of angel tax notices would provide a safeguard to them and promote their growth, according to experts. Seeking to calm the nerves of start-ups worried about angel tax, the government last week 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. The Central Board for Direct Taxes’ […]
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[BookMyShow Bets on Partnerships for Further Growth in Sporting Events biz](
Aug 15, 2019 03:48 pm
Online entertainment ticketing platform BookMyShow (BMS) said it has seen strong growth in its sporting events category in the last few quarters and it is looking at building more strategic partnerships to further strengthen its position in the segment. BMS, which has listed over 3,500 sporting events on its platform over the last three years, said it has already sold tickets worth about Rs 350 crore this year. “While cricket is one of the most […]
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[WeWork Enters PUNE, Takes on Lease 1.22 lakh Sq Ft Office Space from Panchshil](
Aug 15, 2019 03:35 pm
US-based co-working operator WeWork is expanding its India business and foraying into Pune market where it has taken on lease over 1.22 lakh sq ft office space to launch 24th centre in the country. According to sources, WeWork has taken 1,22,165 sq ft office space in Panchshil Realty’s commercial project ‘Panchshil Futura’ in Pune, Maharashtra. This new centre in Pune, expected to be launched early next month, will have a capacity of over 2,000 seats, […]
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