Odisha Chief Secretary A P Padhi today inaugurated the e-offices of IPICOL (The Industrial Promotion & Investment Corporation of Odisha Limited) and Directorate of Horticulture here.
The basic objective of the e-office is to improve turnout, reduce turnaround time and ensure more accuracy, quality and transparency in governance.
This would be helpful in timely delivery of services to the people, Padhi said and advised the Administrative Reform wing of the department of General Administration and NIC to expedite the process of implementation of e-office at the directorates and district levels.
The Nodal Officer of e-office IPICOL Susanta Kara said that all 500 current files of IPICOL have been scanned and put in the system.
All 49 officers in 8 sections of IPICOL have also been connected through it, he added.
Maharashtra Tourism pavilion at Infosys Pune to boost tourism
* To promote the tourism potential among IT professionals, Maharashtra Tourism Development Corporation (MTDC) has put up a pavilion at Infosys' development centre in Pune, which employs 36,000 people, the software major said today.
Infosys has partnered with MTDC to promote tourism and cultural understanding of Maharashtra amongst its employees in Pune, it said in a statement.
The 1,200 sq ft pavilion at the Hinjewadi campus has images of various travel destinations in the state including beaches, caves, wildlife sanctuaries, it said.
The pavilion will offer visitors a look into the state's wealth of culture, heritage, history, art and music and also plan their next holiday, it added.
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PPFAS AUM increases to Rs 664 cr in 3 years * Assets under management of PPFAS Mutual Fund's flagship scheme PPFAS Long Term Value Fund (PLTVF) increased to Rs 664 crore on April 29 from Rs 64 crore three years ago when the scheme was launched.
Now, the fund house is targeting to achieve the AUM of Rs 800 crore from the fund by the end of the fiscal.
The fund, launched in May 2013 as an open-ended scheme, had received Rs 63.87 crore from 768 investors during its NFO.
"Earlier, we were managing Rs 300 crore of PMS until three years ago and 95 per cent fund of the scheme was transferred to PLTVF during the very first year of its launch. So we already had a good base for the fund in which the number of investors increased from 768 in the first year to 7,000 as in April," PPFAS Mutual Fund Chairman and chief executive Neil Parag Parikh told
Sony launches 'X' series smartphones in India
* Sony India today unveiled its new 'X' series smartphones in India with two devices -- Xperia X (Rs 48,990) and Xperia XA (Rs 20,990).
Pre-booking of Xperia X can be done through all authorised Sony mobile dealers and online exclusively on Amazon.
Sony Xperia X features 5-inch display, is powered by Qualcomm Snapdragon 650 processor, 3GB RAM, 32GB expandable storage, 23MP rear and 13MP front camera and 2,620 mAh battery.
Sony Xperia XA, on the other hand, is powered by MediaTek Helio P10 processor and comes with 2GB RAM, 16GB expandable storage option, 13MP rear and 8MP front camera and 2,300 mAh battery.
Sony X goes on sale starting June 7, while XA will be available from third week of June.
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Hyderabad Angels invests Rs 15 cr in 12 startups in FY'16 * Hyderabad Angels (HA) has committed investments of about Rs 15 crore to a dozen startups in 2015-16.
In the last year, HA has almost doubled and currently has close to 100 investors including those from US, Japan and Singapore, HA said in a statement today.
"We expect to be at least 150 investors by end of this year," HA Chairman Pradeep Mittal said.
HA also expects to add another 12 companies to its existing portfolio during the current year.
"Till date, HA has invested Rs 30 crore across more than 20 startups. In the past year, we have invested about Rs 15 crore in about a dozen companies. Of these, two were follow-on rounds in existing portfolio companies and the rest were new additions to our existing portfolio," HA Investment Director PS Sreekanth said.
Some of its portfolio companies include GIBSS, NowFloats, Betaout, Explara, Indian Money, Thrillophilia, Spareshub and Evibe.
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Motomatix raises $200K seed fund through Venture Catalysts * Motomatix today said it has raised USD 200,000 through Venture Catalysts.
Launched in 2016 by Shivalik Sen, Arun Gandhi, Nikhil Tavora and Someshwar Dash, Motomatix's platform captures real-time data about driving habits and road conditions using smartphones, which is then processed and refined by leveraging Big Data in order to extract useful insights.
The investment was led by Vikram Lakhotia and Anirudh Damani.
"Data analytics in transportation using telematics is the need of the hour. The space is extremely exciting and opens the door for almost limitless possibilities for implementation," Venture Catalysts co-founder Apoorv Ranjan Sharma said.
