Taxi aggregator Ola today slashed rates for its ride-sharing feature "Ola Share" to as low as Rs 6 per kilometre.
"With Ola Share, we are addressing the need for reliable and affordable mobility solutions, at scale. For users, there is the convenience of an air-conditioned cab ride at 50 per cent of the fare, and an option to share it within identified social groups," Ishan Gupta, Category Head - Shared Mobility at Ola, said in a statement.
Ola Share was launched with the intention of reducing pollution, and promoting congestion free roads.
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LinTeractive appoints Punit Singh to head its Delhi office * LinTeractive, digital division of MullenLowe Lintas Group, has appointed Punit Singh as Vice President, Delhi.
"Punit has been mandated to drive business and growth in the north region for LinTeractive," the digital agency said in a statement issued here.
Singh joins LinTeractive from Askme Bazaar, where he was Head of Marketing - Next Day Delivery (NDD).
At LinTeractive, he would be handling clients like Woodland, Havells, Mahagun Builders, Dabur (including Dabur Chyawanprash, Dabur Honey, Liveveda, Dabur Lal Tail) among others.
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Hartek Power connects solar projects to grid in Punjab * Chandigarh based engineering, procurement and construction (EPC) company Hartek Power has connected 28 MW solar power projects to the grid in Punjab.
"Hartek Power...Has successfully connected two solar power projects of 28 MW to the grid for a leading solar developer in Muktsar district of Punjab," the company said in a statement today.
Hartek Power commissioned the 66/11 KV substations for the 24 MW and 4 MW solar projects well before the specified deadline, it said.
The scope of work of these projects included complete turnkey solutions and post-inverter works covering the design, supply, installation and commissioning of the power plants as well as electrification and installation of substations, it added.
Hartek Group Chairman and Managing Director (CMD) Hartek Singh said, "We have now set our eyes on the 500-MW solar projects recently awarded by the state government under the Phase 3 auction.
Bonita eyes upto $4 mn business by 2018-end
* Bonita, domestic home utility product line brand under Casa Brands, today said it expects to generate a business of USD 3-4 million by the end of 2017-18 through its partnership with Bed Bath & Beyond.
"Tying up with Bed Bath & Beyond is a very encouraging step. This will give a major boost to our sales in the United States. We are expecting to generate a business of USD 3-4 million through this tie-up by the end of 2017-18", said Umang Srivastava, Joint Managing Director, Casa Brands India.
After gaining popularity in Western Europe, the US, Australia and the Middle East, Bonita has become the only Indian brand to start selling its products through retail giant Bed Bath & Beyond in North America, the company said in a statement.
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Airtel launches international roaming packs * Bharti Airtel today launched smart packs for international roaming, wherein it claims to be offering 200 per cent more data benefits compared to the nearest competitor.
The company has launched packs for countries including the US and the UK for Rs 4,999, Singapore and Thailand for Rs 2,499 and the UAE for Rs 3,999, which comes bundled with data and free incoming calls.
"Airtel smart packs offer free incoming calls and provide up to 200 per cent more data benefits than competing packs, so that customer are always connected without having to worry about bill shocks," the company said in a statement.
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Individual credit portfolio insights available on ICICIdirect * ICICI Securities and CIBIL today announced that individual credit portfolio insights will now be available on ICICIdirect.Com, a move that will help customers track and manage their financial goals.
CIBIL TransUnion Score and individual Credit Portfolio Insights will be available on ICICIdirect.Com. This is a first-of-its kind service in India where the investments and loan portfolio are updated automatically in their account, ICICI Securities said in a statement.
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Indian-American named European Inventor Award 2016 finalist * Indian-American engineer Arogyaswami Paulraj has been named one of three finalists for the European Inventor Award 2016 for his work in developing faster wireless connectivity.
The invention is essential for current 4G LTE networks and will be a central part of future 5G networks.
Vodafone Foundation to give Rs 90 lakh for app contest
* Philanthropic arm of telecom operator Vodafone has earmarked Rs 90 lakh for mobile application development content that can drive social change in India.
"Vodafone Foundation will provide a total grant of Rs 9 million to the winning Non-profits in addition to structured mentoring, monitoring and impact evaluation support from partner institutions, supporting them achieve larger impact," Vodafone Foundation said in a statement.
Vodafone Foundation today, launched the sixth edition of 'Mobile for Good Awards 2016', in partnership with Nasscom Foundation, through the Nasscom Social Innovation Forum.
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JLL India partners NMIMS To offer realty management program * Property consultant JLL India today said it has tied up with private university NMIMS to offer real estate management programme.
JLL has formed a strategic partnership with NMIMS to offer a new field of specialisation in 'Real Estate Consulting & Transaction Services' to Technology Management students, the consultant said in a statement.
"It is essential for candidates who intend to work in this sector to possess industry-specific skill sets, which this innovative and highly customized specialization will provide. We are also extending scholarships and placement assistance to meritorious students emerging successfully from this program," JLL India Chairman & Country Head Anuj Puri said.
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Bank of Baroda ties up with fintech startup Fisdom * State-owned lender Bank of Baroda has tied up with fintech firm Fisdom for extending value-added new-age services to its customers in the area of personal finance and wealth management.
The bank has also tied up with six other similar fintech companies, proficient in different areas.
"Fisdom app helps users make financial investments in an easy and paperless manner by blending cutting-edge technology with personalised financial advice. Moreover, it helps people manage their money with the help of a robo-advisor," a media statement issued here said today.
The collaboration creates a win-win situation for both Bank of Baroda as well as Fisdom. Bank of Baroda customers get access to a personal wealth management app that will alter the nature of investment advice, making it transparent, objective, speedy and paperless, it added.
