The funding round also saw participation from Google India MD Rajan Anandan and Ambrish Ritu Kumar (Ritu Kumar Brands), among others.
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Ola to help driver partners get personal loans * Taxi aggregator Ola today said it has partnered Indifi to help drivers in registering on its platform and get easy access to personal loans.
Ola has already initiated the loan scheme in Pune and Bengaluru and plans to partner with multiple finance partners in the next six months to make this facility available to drivers across the country, Ola said in a statement.
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ShopClues launches merchant discussion forum * E-commerce major ShopClues today launched a peer-to-peer merchant discussion forum 'Sellers Club' to help its merchant partners get access to all vital information related to setting up, managing and growing their online stores on the marketplace.
Merchants can post queries and get answers related to managing their e-store.
They can also create new threads in the forum, respond to the queries of fellow merchants and offer support to the other community members, ShopClues said in a statement.
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Dena Bank ties up with JCB India for equipment financing biz * Dena Bank today said it has entered into a tie-up with JCB India Ltd for equipment financing business.
Muthoot Finance, LVB to help Chennai flood victims
* Muthoot Finance and Lakshmi Vilas Bank have come forward to help flood-affected people in Chennai by providing relief material to victims.
Muthoot M George Foundation, the social arm of Muthoot Finance, distributed three truckloads of food parcels, thousands of litres of fresh drinking water, blankets, sleeping mats and other emergency supplies to victims.
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Consumer electronics industry to collaborate with stakeholders * The consumer electronics industry is looking for smart and energy saving solution for consumers by collaborating with various stakeholders.
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First sbiINTOUCH branch in AP opened at Visakhapatnam * State Bank of India, the country's largest lender, today inaugurated its digital banking branch, sbiINTOUCH, at Visakhapatnam.
This branch is the first-of-its-kind in Andhra Pradesh post bifurcation.
The digital branch was inaugurated by Chairman Arundhati Bhattacharya remotely online from Hyderabad.
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RSP sets new record in refractory lining life * The refractory engineering services department of Rourkela Steel Plant (RSP) has achieved the record average life of 111.18 heats in the 150 tonne Steel Ladle of Steel Melting shop-II (SMS-II) in the first 8 months of the current financial year.
* Multiscreen operator PVR Cinema has forayed into Tamil Nadu by launching a multiplex at Chennai.
PVR Cinemas launched five screens multiplex at Grand Mall, Velachery in Chennai.
With this, PVR's total screens count stands at 482 of 108 properties pan-India spread across 44 cities in 15 states.
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Novopay launches wallet services
* Bengaluru-based technology and banking services company Novopay today launched wallet service which allows its users to receive and withdraw cash from Novopay-enabled retail stores across the country.
Using the KYC (Know Your Customer)-enabled wallet, users can cash in Rs 10,000 and cash out Rs 5,000 at a time through a retail partner.
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ABB India appoints Sanjeev Sharma as MD * Power and automation technology firm ABB India today announced the appointment of Sanjeev Sharma as Managing Director, with effect from January 1, 2016.
Sharma first joined ABB in 1990 and since then has held a number of global senior management roles, the company said in a statement.
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Rays Power bags orders worth Rs 500 cr to set up 80MW plant * Rays Power Infra has bagged orders worth Rs 500 crore for setting up 80 MW of solar projects in Uttarakhand.
* Rajasthan Global Securities has divested 2.21 per cent stake in Pioneer Distillers Ltd, a subsidiary of United Spirits Ltd.
The shares were offloaded yesterday and based on December 10 stock closing price, the sales were worth Rs 6.61 crore.
Post sale, Rajasthan Global Securities is left with 4.79 per cent stake in Pioneer Distillers.
It had 7 per cent shares in the Hyderabad-based Pioneer Distillers.
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HDFC Bank conducts national 'Blood Donation Drive' * HDFC Bank organised a nationwide blood donation campaign today.
"Large number of volunteers lined up to donate blood at over 2,000 designated centers in 930 locations across the country. The Bank had tied up with major hospitals and blood banks to provide technical assistance," HDFC Bank said in a release.
* Leading carrier Jet Airways today said it will deploy an aircraft on the Mumbai-Singapore route to increase its carrying capacity by 50 per cent.
It will deploy the Airbus 330-200 instead of the current Boeing 737 on the busy route, the company said in a statement, adding that the new aircraft can accommodate 18 seats in the 'Premiere' class and 236 in the economy.
"This sector has seen a growth in traffic by over 34 per cent in last two years, particularly among business travellers," its whole time director Gaurang Shetty said.
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L&T Infotech to use 'Facebook at Work' platform * L&T Infotech today said it will be using the 'Facebook at Work' platform for communication and networking within the company.
The social media giant had launched the programme in the country yesterday and a slew of companies, including Telenor, RBS, YES Bank, Godrej Industries, Paytm, Zomato and Delhivery are using it.
"The initial results are very encouraging," its managing director and chief executive Sanjay Jalona said.
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Axis Bk launches online electronic signature service * Private sector lender Axis Bank today said it has launched an online electronic signature service which will enable depositors to update nomination details remotely.
Those having a Aadhar card can digitally sign a document within seconds as part of the service, it said.
"Empowering our customers to electronically sign service requests on the go makes the entire process paperless and reduces the turnaround time, thereby improving customer experience," its head of retail banking Rajiv Anand said.