Taxi hailing app Ola has partnered EduKart to provide access to quality higher education to families of its driver partners.
EduKart will provide end-to-end assistance, guidance and also facilitate admissions for drivers and their family members at leading partner colleges, a statement said.
As part of the program, EduKart will also provide assistance in availing scholarship and discounts on fees to family members of Ola drivers, it added.
The partnership is being rolled out in Delhi and would subsequently be taken to more cities like Mumbai, Pune, Chennai, Kolkata and Hyderabad.
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HARMAN appoints Pradeep Chaudhry as India Head * HARMAN, the group that owns audio brands like JBL, Infinity, AKG and Mark Levinson, has appointed Pradeep Chaudhry as Country Manager for India operations.
Based in Bengaluru, Chaudhry will also continue to serve in his current role as CFO of the HARMAN Connected Services division, HARMAN said in a statement.
Chaudhry succeeds M Lakshmi Narayan, who will serve as an Advisory Chairman until December 2016.
He will report to Dinesh C Paliwal, Chairman, President and CEO of HARMAN on country management matters and to Sandy Rowland, HARMAN's CFO, in his role as CFO of that division.
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Letv re-brands as LeEco
* Chinese technology firm Letv today said it has re-branded itself as LeEco globally.
The company unveiled its new brand logo for the Le Ecosystem and its seven sub-ecosystems, days ahead of its launch in the Indian market.
"LeEco's new logo is a result of many rounds of revision and refinement, letters 'L' and 'E conveying the quintessence of the Le Eco world in a simple and elegant design. The LeEco company has undergone three logo changes since its establishment," it said in a statement.
"Letv is where we started, but LeEco is our future," Le Holdings' Vice President of Strategy Ablikim Ablimit said.
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Tolexo appoints ex-Myntra Mayank Kamal as Head Supply Chain * Tolexo, an online marketplace for business goods and supplies, has appointed former Myntra Logistics head Mayank Kamal to lead its supply chain vertical.
"I'm thrilled to come on board at this fast-scaling company and look forward to leveraging my experience to further build on its capabilities," Kamal said.
Cigna TTK Health launches 'ProHealth Accumulate'
* Cigna TTK Health Insurance today announced the launch of its health savings product - ProHealth Accumulate.
ProHealth Accumulate plans to offer customers the benefit of combining health protection, wellness and health reserve, Cigna TTK said in a statement.
Customers can choose from Rs 5,000, Rs 10,000, Rs 15,000 or Rs 20,000 to cover out-patient expenses such as doctor's consultation, pharmacy expenses, diagnostic tests, alternative forms of medicines (AYUSH), among others.
Under ProHealth Accumulate, the sum assured ranges from Rs 5.5-25 lakh, with a choice of individual and family floater cover.
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NHPC closes two plants for maintenance work * NHPC today said it has closed two plants -- 132 MW Teesta Low Dam Project (TLDP) III in West Bengal and 60 MW Rangit power station in Sikkim -- for few days for maintenance work.
"TLDP-III (4 X 33) MW Power Station in West Bengal shall be complete shutdown on April 13-14 for replacement work of 'R' phase circuit breaker of Unit-2 in GIS," the company said in a regulatory filing.
Further, Rangit (3X20) MW Power Station in Sikkim will also be closed from April 16-22 for replacement work of MIV seal of Unit-2, it added.
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Ghodawat Consumer enters beverage segment with Frustar * Ghodawat Consumer Products (GCPL), the FMCG arm of Sanjay Ghodawat Group, today announced its entry into the beverage segment with the launch of fruit-based drink Frustar.
The range launched under the brand name Frustar will be available in three variants - Mango, Orange and Lemon.
Shoto launches image swap application
* Photo discovery app Shoto today launched a technology that uses machine learning and face detection technology to automatically matches friends' photos and videos ensuring users can discover and swap images taken during shared moments.
The app organises photos into albums and finds out who has photos or videos from those shared moments.
"Shoto is the first app that can inform users which friends have relevant photos and videos even if those friends don't currently use the Shoto app," the company said in a statement.
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Eutelsat, Facebook choose Hughes for broadband services * Eutelsat Communications and Facebook have selected Hughes Network Systems to supply technology platform for satellite broadband services that both companies are preparing to launch in sub-Saharan Africa.
For Facebook, the system will support its express wi-fi project, intended to expand connectivity to underserved locations by working closely with operators, Internet service providers, and local entrepreneurs, Hughes Network Systems said in a statement.
Eutelsat will employ the system as a key platform to drive growth of premium consumer and professional Internet connectivity services in Sub-Saharan Africa.
Future Enterprise raises Rs 50 crore via NCDs
* Future Enterprise Ltd today raised Rs 50 crore from the open market by issuing Non Convertible Debentures (NCD).
The committee of directors of the Future Group firm, in its meeting held today "considered, approved and alloted" NCDs, the company informed BSE.
The company has issued NCDs in two tranches of Rs 25 crore each having two investors from provident fund and corporate sector.
The NCDs would be listed on wholesale debt market segment of BSE, it added.
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ESIC recruits 135 sportspersons
* State-run Employees State Insurance Corporation (ESIC) today announced appointment of 135 sportspersons to encourage sports in the country.
Labour Minister Bandaru Dattatreya himslef handed over the 'offer of Appointment' to 135 meritorious sportspersons recruited by ESIC stated a Labour Ministry press statement.
The job opportunities are provided to meritorious sportpersons by way 5 per cent reservation in recruitment in various group 'C' &'D' posts, it added.
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ShoeKonnect raises investment from Indian Angel Network * Indian Angel Network has invested an undisclosed amount in ShoeKonnect, a B2B marketplace for leather products.
Sahil Kejriwal led this round of investment on behalf of IAN and will join the company board to monitor the team, IAN said in a statement.
This is IAN's 22nd investment this year.
Currently, ShoeKonnect is a 10-member team and connects around 5,000 footwear businesses. It offers a mobile platform to global footwear industry, making it easier for retailers to buy products directly from the manufacturers and thus reduce cost and logistical issues.
The current round of funding will be used to expand the business operations, enhance technology and product development and bolster their marketing and development, the statement said.
