Don’t miss the latest developments in business and finance.

Oxigen becomes title sponsor of Masters Champions League

Image
Press Trust of India New Delhi
Last Updated : Jan 07 2016 | 4:48 PM IST
Oxigen, a digital payments company, today said it has become the title sponsor of Masters Champions League (MCL) Twenty20 tournament.
However, the company did not disclose any financial details of the partnership.
Slated to be held between January 28 and February 13, the cricket series will see six teams of ex-international cricket players compete in the United Arab Emirates, Oxigen Services Chairman and Managing Director Pramod Saxena said in a statement.
******
* Times Internet acquires micro-content app Viral Shots
Times Internet, the digital arm of Times of India Group, today said it has acquired Gurgaon-based Viral Shots for an undisclosed amount.
Viral Shots is a micro content mobile app that curates stories from over 300 social and web destinations and is clocking about 100 million screen views per month.

More From This Section

"This fits into our prime goal of providing our readers an innovative and informative content experience," Times Internet VP Corporate Development Miten Sampat said in a statement.
Viral Shots serves content in English, Hindi, Bengali and Telugu and will expand to all major Indian languages by mid-2016.
******
* Ola Shuttle to now allows users to suggest routes
Taxi aggregator app Ola today launched a new 'Suggest a Route' feature on its app in Delhi-NCR for its Shuttle services.
Using the feature, users will be able to suggest routes that they want Ola Shuttle to service within Delhi NCR, Ola said in a statement.
These outsourced route suggestions will allow Ola to identify areas where there is a strong need for commute options for users and roll-out its Shuttle services accordingly, it said, adding Ola Shuttle service currently runs over 500 shuttles on 100 routes across Delhi-NCR, ferrying 10,000 consumers daily.
******
* Blue Coat appoints former NetApp exec Nick Noviello as CFO
Technology firm Blue Coat Systems today said it has appointed former NetApp executive Nick Noviello as its Chief Financial Officer.
Noviello will report directly to Greg Clark, CEO of Blue Coat, and will be responsible for leading the firm's finance, IT, HR, manufacturing, and supply chain teams, it said in a statement.
Samsung unveils new range of top-load washing machines
* Samsung today launched its new range of top, front load 'Add Wash' washing machines with five models in the crystal range and a 'K' Series which comes with a 'magic dispenser' in the top load segment.
Rajeev Bhutani, Vice President, Consumer Electronics, Samsung India Electronics, said the new top load range also incorporates Samsung's ActivWash+ technology for a more convenient washing experience.
ActivWash+ is now being sold in 33 countries across the globe.
******
Zebra Technologies bets big on govt for growth in India * US-based Zebra Technologies, which makes tracking and computer printing solutions, today said it expects government sector to account for 10-12 per cent of its revenues in India over the next few years.
The USD 3.6 billion firm company, which is witnessing double-digit growth in India, currently sees less than 5 per cent coming from the government sector in the country.
"Government and healthcare are emerging sectors for us in India. Some very large tenders are coming out from government which requires our technology and devices. These tenders vary in terms of requirements, some may demand for 200 devices while some require 5,000 (devices)," its Regional Sales Director India and sub-continent Deep Agarwal said.
******
Paradip Port bags award for improved efficiency parameters * Paradip Port Trust has received best performance award from Shipping Ministry for improvement in efficiency parameters for 2015-16.
The port reduced its vessel turnaround time by 36 per cent among 12 major ports along with increase in berth day output, the government today said.
"Vessel turnaround time has been drastically reduced by 36 per cent from 7.01 days in 2014-15 to 4.50 days during 2015-16. Similarly, berth day output has also increased by 19 per cent from 17,736 metric tonnes to 21,139 metric tonnes," Ministry of Shipping said in a statement.
EXL acquires LISS Systems
* Business process management firm EXL has acquired LISS Systems, a London-based provider of digital customer acquisition and policy administration solutions for the insurance industry, for an undisclosed amount.
"With LISS platforms, insurers can deploy a digital infrastructure to capitalise on direct distribution and straight-through processing. We are extremely impressed with the technological achievements and domain expertise of the company," EXL Vice Chairman and CEO Rohit Kapoor said.
LISS's flagship LISSIA platform was launched in 2002 and supports installations of more than 1 million policies and supports insurers like AIG, Aviva and Generali.
LISS will become part of EXL's insurance business unit and continue to be based in London.
*******
EarlySalary.Com appoints Vimal Saboo as CBO * Pune-based startup EarlySalary.Com today said it has appointed Vimal Saboo as its Chief Business Officer (CBO).
At EarlySalary.Com, he will focus in building Credit Risk Profiling System and spearhead Credit Risk, Underwriting & Operations, the company said in a statement.
Saboo comes with an experience of 18 years in banking and credit domain. He was previously associated with Edelweiss group as the Senior Vice President, Axis Bank as the Vice President & Head-Analytics, ICICI Bank as the Chief Manager, and L&T-John Deere Ltd.
* * * * * *
Orient Electric gets 3 star rating by BEE * Orient Electric, part of the diversified CK Birla Group, today claimed to have become the first Indian lighting brand to have been awarded 3-Star rating by BEE (Bureau of Energy Efficiency) for its LED lamps.
Bank of Baroda, Netafim Irrigation tie-up for irrigation loan
* Public sector Bank of Baroda has entered into an agreement with Netafim Irrigation India to provide loans to farmers for setting up micro-irrigation system.
"Bank of Baroda has entered into an MoU with Netafim Irrigation India with an objective to finance farmers for installation of micro irrigation system in their fields through our network of branches across the country," the bank said in a release.
The MoU was signed between Bank of Baroda General Manager (Rural & Agri Banking, Financial Inclusion and CSR) G B Bhuyan and Netafim Irrigation India Managing Director Randhir Chauhan.
* * * * * *
K Raheja launches project 'Viva' in Pune * Realty player K Raheja Corp today launched a gated community residential project 'Viva' in Pune.
The project, spread across 77 acres, will host a collection of independent bungalows, twin villas, townhouses, and plots, the company said in a statement issued here.
"We are already in advanced stages with ready infrastructure in phase-I like internal roads, community garden, cricket ground and club. Several town houses and twin villas are close to completion. We plan to start offering possession of Viva phase I from June 2017," company's Director Vinod Rohira said.
* * * * * *
Technofab Engineering bags two new orders * Technofab Engineering Ltd has got two new orders from Power Grid Corpor amounting to Rs 227 crore.
Both orders are in the Electrical Sector and involve Sub Stations and laying of lines. The orders have a timeline of 32 months for completion, the company said in regulatory filing.
According to statement, the company is already undertaking 220 KV sub-stations in Jharkhand and UP and with these new orders the company's business in the Electrical Sub Stations sector is substantially enhanced.
The company's order backlog now stands at around Rs 1,400 crore, it added.

Also Read

First Published: Jan 07 2016 | 4:48 PM IST

Next Story