Technology

SBI-World Bank lending to expand Roof Power platform. Azure Power (NYSE: AZRE) has been granted Rs.678.3 crore (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years...

India tops Central and Southern Asian economies. Chandrajit Banerjee. India is ranked 60th among 130 countries on the Global Innovation Index (GII) 2017, backed by its contribution to the region and the global innovation landscape. The report launched at the...

SPRING Singapore provides Series AA funding. Anurag Avula. Shopmatic, a Singapore-based e-commerce company with office in India, has raised S$5.7 million for its platform for merchants and individual entrepreneurs to sell online. It was raised through Series AA funding led...

Production of rail coach to start mid-2018. GE 'Evolution'. GE partners with Ministry of Skill Development to give boost to Skill India Mission; Sources skilled workers for its Greenfield manufacturing base in Bihar. General Electric (GE) is investing US$200 million...

Corporate India’s participation sought in Russian businesses.  Modi Putin at Konstantin Palace, in St. Petersburg, on 1 June 2017. India and Russia have unveiled a progressive and long-term vision document to outline the agenda for Indo-Russian economic cooperation during Prime...

Mega Food Park Scheme across the country. Badal (in centre) on Mega Food Parks. India is improving environment for investors to participate in the country’s food processing industry, aiming to serve the global market, Minister of Food Processing and Industries,...

300 million smartphones to enjoy OTT service.   Eros Now has announced a strategic partnership with Smartron, a Sachin Tendulkar-backed India-based IoT startup, to provide its extensive entertainment repertoire to Smartron smartphone customers. Eros Now will be the exclusive digital...

Partnership to use Tata’ connect service. Alibaba Cloud is expanding its Asian networks including a new data centre in Mumbai and a global partnership with Tata Communications. The partnership will provide direct access to Alibaba Cloud Express Connect via Tata...

Bid submission by 17 July 2017. Department of Electronics and Information Technology (DeitY) is Requesting for Proposal (RFP) for Design, Development and Implementation of Online Integrated Student Life Cycle Management System. Ministry Name: Ministry of Communications and Information Technology. Tender...

Industry committed to e-vehicle initiative. Industry leader Shell leads in e-mobility discussions. India needs affordable multivariant e-mobility solutions customised to the domestic market as it proceeds with plans to run over 10 billion electric cars over the next decade. The...