Sunday, August 18, 2019

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Ujjivan Small Finance Bank to raise INR 1200 crore through IPO

Ujjivan has served 4.72 million customers from its 474 banking outlets, which include the 120 unbanked rural centers as of June, 2019. In FY-19,...

Indian entrepreneurs more inclined towards building online presence than global counterparts:...

Cyber-attack is another concern that 21% of the Indian entrepreneurs cited as a potential challenge to their success. GoDaddy, the company that empowers everyday entrepreneurs,...

Greenply Q1 consolidated PAT up by 81.7% at INR 21 crore

The net sales during the quarterhave increased by 13.5% (consolidated) & 6.5% (standalone) Y-o-Y to Rs. 348.2 crore (consolidated) & 304.2 crore (standalone). FINANCIAL HIGHLIGHTS...

Amazon launches Marketplace Appstore in India

Sellers can access verified third-party applications that complement Amazon’s free tools, helping them streamline and thereby improve efficiency of their business operations. Amazon launched The...

Prices are at their lowest best in Thane: Prashant Thakur, ANAROCK

Better homes, well-defined infrastructure and strong connectivity gives Thane an edge over other suburban locations near Mumbai. With state-of-the-art hospitals, multiple educational institutes and...

Morepen Labs Q1 net profit up by 256% at INR 8.41...

Net Sales Revenue recorded a pure organic growth of 25.4 per cent at Rs. 186.70 crore in Q1’FY 2019-20 as compared to Rs. 148.83...

Investments in Hyderabad crosses INR 101 billion: JLL

The city received an investment of approximately INR 101 bn since the formation of a new Telangana state. Investments in Hyderabad has surged more than...

Uniphore raises $51 million in Series C Funding

Uniphore will use the funds to accelerate its go-to-market in North America, invest in research and development for the next wave of innovation on...
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Honeywell and Avasara Leadership Institute launch STEM program in Pune

Honeywell Center for Advancing Girls in Science to benefit 500 Avasara students and 12,000 students from Government and low-budget schools. Avasara Leadership Institute announced the...

Are you into online business? Take a look at these free...

Online Marketing in today’s time is the most effective and widely used digital technology for promoting and marketing your product(s)/business to a massive audience...

RITES Q1 net profit up by 11.3% at INR 102 crore

Total Revenue for the same quarter grew by 46.8% to INR 573 crore. RITES Ltd., the Transport Infrastructure Consultancy and Engineering firm, reported its standalone...

Adfactors to train PR team in digital marketing and communications

The core program has been designed by experts from MICA, India’s premier marketing focused B-School, with additional modules co-created with Adfactors PR, for PR...

Renault opens booking for TRIBER

Renault announced the opening of bookings for Renault TRIBER from 17th August ahead of its launch on August 28. Renault TRIBER showcases the prowess...

Commercial assets high on investor radar: Vishal Ahuja, JLL India

Growth of India’s commercial real estate segment is in a way a barometer to the country’s economic growth. Better returns, a mature and transparent market...

Jio partners with Microsoft to accelerate digital transformation in India

Jio and Microsoft aim to enhance the adoption of leading technologies like data analytics, AI, cognitive services, blockchain, Internet of Things and edge computing...

Piramal Capital & Housing Finance forays into Rajasthan

With a network of 3,000+ channel partners, the housing finance business of PCHFL has 16 branches across 15 cities. Piramal Capital & Housing Finance Limited...

LANXESS to exit chrome chemicals business

Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies signed a respective agreement. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned transaction by the end of 2019.

“We have successfully reorganized our chrome chemicals business in recent years. However, it no longer fits in with our strategic focus on specialty chemicals. We are therefore convinced that future growth and the further development of the business can be better implemented under the leadership of Brother Enterprises” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

The chrome chemicals business belongs to the LANXESS Leather business unit and generates annual sales of around EUR 100 million.

Million Sqft Realty forays into Southeast Asia and Europe

Real estate consultancy Million Sqft Realty has announced its foray in the European and South East Asian Markets after establishing a strong foothold in Dubai and London. The brand has partnered with renowned real estate groups like Delsk Group and Leptos Estates to cater to the growing needs and demands of both residential and commercial properties especially in the luxury space in the European and Asian countries.

Abhishek Kulkarni, Chairman and Managing Director of Million Sqft Realty informed ‘With India increasingly seeing new millionaires on the rise, there is surge in the demand for luxurious properties. While Europe tops the lists with premium living conditions, Thailand and Malaysia, with a tourism driven economy are pure investment destinations. ‘

The collaboration with Delsk Group (having a global appeal in the real estate industry) will be activating operations in countries like Greece, Cyprus, Malta, Portugal, Thailand, Ireland and London. Similarly, the association with Leptos Estates, a stellar real estate development Company will further widen the reach and expansion in Cyprus & Greece which are offering attractive residency (EU PR) & citizenship (EU Passport) programs via investment into real estate.

Zoomcar partners with Ixigo

Self-drive car rental and subscription platform Zoomcar has partnered with leading ticketing and travel portal ixigo. The partnership will enable users to avail Zoomcar self-drive services on ixigo’s platform at an inauguraloffer of 20% OFF.

Greg Moran CEO and Co-Founder, Zoomcar said ‘Such collaborations, we believe, will pave the way for the mainstreaming of alternative mobility services, ensuring that users get a seamless experience.

‘We are confident that through our in-app partnership we will provide our users a seamless booking experience right from planning a trip to making it easier for them to explore vacation spots and the areas nearby’ informed Rajnish Kumar, Co-founder, Ixigo.

Catering to its 130 million plus user base, Ixigo facilitates over 200 million monthly travel searches.

 

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