Investment bank Intellecap Advisory Services has entered debt investment banking.
Under the services, Intellecap would assist its clients with transaction structuring and debt fund raising from banks, financial institutions, private placement of debt, commercial paper and external commercial borrowings, among others, it said in a statement.
Intellecap investment banking Head Gagandeep Bakshi said the move "is a logical extension as it completes our fund raising offering and enhances our existing capabilities".
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NPCI, MicroSave tie up to boost digital payments * National Payments Corporation of India (NPCI) and financial inclusion consulting firm, MicroSave, today signed a pact to support Jan Dhan Yojana and to boost digital transactions.
Both the institutions will collaborate to accelerate creation of less-cash economy in the country through RuPay, Immediate Payment Service (IMPS), Aadhaar-Enabled Payment System (AEPS) and Unified Payments Interface (UPI), a press released issued said.
NPCI will be working with commercial banks and will be supported by MicroSave in this programme.
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ICICI Prudential AMC, Vidal Health launch healthcare facility * ICICI Prudential AMC, in collaboration with Vidal Healthcare Services, has introduced a medical advantage feature that allows investors to pay for healthcare expenses through their investment in its savings fund.
Investors can seamlessly use their investments in the ICICI Prudential Savings Fund to pay for hospital costs across the country. This facility is available irrespective of health insurance status, the private MF company said.
The investor can avail this facility through any of Vidal Health's Group level provider network covering 800 cities, with over 6,000 hospitals and 1,500 diagnostic centres.
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Iclassonline launches India operation
* Iclassonline.Net, a leading e-learning portal with offices in North America and South Asia, has launched its India operations to help students prepare for competitive exams using "cutting-edge" technology.
Nikhil Chandwani, CEO of Iclassonline.Net said it offers "perfect solution" for students appearing for GRE, GATE and Civil Service examinations with state-of-the-art technical and non technical PDFs, GATE instructors from Indian Institute of Technology-Kanpur and GRE instructors from Massachusetts Institute of Technology and Harvard Business School.
The portal, which was launched on March 28, also offers dedicated career counselling, free group discussion and interview training in a cost-effective way, Iclassonline.Net, said in a release.
Amazon launches 'Subscribe & Save' programme
*Ecommerce major Amazon.In today announced the launch of its globally popular 'Subscribe and Save' programme for its customers, which allows customers to create subscriptions for regularly bought items and enjoy the convenience of automatic recurring free deliveries.
With automatic deliveries of recorded lists as per schedule set by them, Subscribe and Save, aims at reducing the customers' inconvenience of repeat ordering.
"With Subscribe and Save, our core promise is focused on taking away the hassle associated with remembering to buy regular household items. Subscribe and Save is a very successful program in other countries...We are confident that our customers in India will see tremendous benefits from the program as well," Saurabh Srivastava, Head FMCG, Amazon India said.
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AstroSage.Com top astrology website in world
*Starting from a small room in suburbs of Agra a few years ago, AstroSage.Com has become the topastrology website in the world today.
According to Alexa.Com, de facto standard for web rating, AstroSage's global ranking soared to 6138 surpassing the most popular website in this domain so far.
Already India's leading astrology portal, AstroSage.Com is a venture of an Agra-based tech startup.
"It certainly is a great achievement for us to surpass HYPERLINK "http://horoscope.Com" horoscope.Com and gain number 1 position in this domain worldwide," said Pratik Pandey, co-founder and director of Ojas Softech.
Vijay Shekhar Sharma to head IAMAI's Payments Banks Group
* Paytm founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at industry body IAMAI.
Vodafone India business head (M-Pesa) Suresh Sethi will be the Vice-Chairman of the Group, Internet and Mobile Association of India (IAMAI) said in a statement.
"Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. Paytm along with other license holders, would make financial services accessible for every Indian through this innovative route," Sharma said.
At present, six out of 10 payments banks' primary licensees are IAMAI members. IAMAI has more than 50 companies representing PPIs, wallets, aggregators, business correspondents, PoS Operators, among others as members.
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ITC Infotech launches sustainability sol for fashion retail * ITC Infotech today said it has launched a sustainability solution for the fashion retailers that will help address the industry's increasing demand for sustainable offerings while reducing their adverse impact on environment.
It will enable fashion retail organisations standardise sustainability measurements for brands, products and facilities, ITC Infotech said in a statement.
It also provides visibility into product designs and developmental processes with corresponding measurable sustainability scores, it added.
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Sany Group to supply 15 cranes to JNPT
* Port logistics equipment maker Sany Group today said it has signed a contract with Jawaharlal Nehru Port Trust (JNPT) for design, manufacture and supply of 15 electrically operated Rubber Tyred Gantry Cranes (E-RTGCs).
The contract was signed at the Maritime India Summit 2016 in Mumbai in the presence of Road Transport and Highways and Shipping Minister Nitin Gadkari and JNPT Chairman Anil Diggikar, it said in a statement.
The landmark contract flags on the entry of Sany Group into the Heavy Gantry Cranes segment in India, it added.
TCS deploys banking solution to Bank of Bhutan
* Country's largest software services firm Tata Consultancy Services (TCS) today said it has deployed its core banking solution at Bank of Bhutan.
The deployment, carried out in 10 months, has resulted in ability to handle increased transaction volumes and improved success rate of delivery channel transactions, TCS said in a statement.
No financial details of the deal were disclosed.
All existing customers, accounts, lending and internet banking subscribers were migrated from the erstwhile Oracle FLEXCUBE system to TCS BaNCS as part of this transformation initiative, it added.
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nearbuy raises Rs 15 cr from BlackSoil Capital * Local commerce platform nearbuy has raised venture debt of Rs 15 crore from BlackSoil Capital.
The Sequoia Capital-backed company aims to utilise the capital for investing in customer and merchant technology.
The Gurgaon-based startup has expanded its presence to 33 cities across over 10 categories generating over 5,00,000 footfalls for offline merchants per month in the last 12 months.
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Amitabh Bachchan connects with 3.5 lakh college goers * Superstar Amitabh Bachchan connected with 3.5 lakh fans from 100 colleges across the country, engaging on a wide range of subjects, including technology and youth.
The veteran actor, who is very active on Twitter, today tweeted: "Connected over 3.5 lakh students, 100 schools all over country sitting in my office. RelianceJio did it!!"
This is the first time that a global celebrity has connected live with fans across multiple locations. He fielded questions from students of Delhi's FMS, Dempo in Goa, KIET in Moradnagar, IPSAR in Cuttack, Bharati College in Durg, Malini Kishore College in Mumbai.
"This is the first time through Reliance Jio that we're able to connect to so many lakhs of students all over the country," he said.
The event was a run up to the release of Pink, an upcoming courtroom thriller, starring Bachchan.
Videocon to launch Cube 3 with app to report emergencies
* Electronic firm Videocon has introduced an emergency response app on its Videocon Cube 3 smartphone in which the power button will also function as a panic button.
The app on the phone is called "SoS-Be Safe" and has features like Alert, Walk with ME, and Reach on Time. Videocon Cube 3 is the first model from the brand's smartphone portfolio to feature this app.
The phone with the new app will be available for Rs 8,490.
Through the "Walk with Me" feature, a user can send an emergency alert to their family or friends while she/he is outdoor. The contacts added as emergency numbers will receive alerts immediately, the company said.
The "Reach on Time" feature helps users to set a location such as home or office and set their normal travel timing. An alert will be sent to their immediate contacts if they do not reach their selected destination within the fixed time.
With its "Alarm" option, users can enable/disable the power button to alarm and customise the message they want to send when notifying their emergency contacts.
The app also uses GPS to provide a map view of nearby police stations and hospitals for emergency situations.
