IT start-up firm SmartVizX, which deals in virtual reality solutions, today said that it has raised about Rs 3.5 crore.
The funds will be used to grow the team, expand R&D and to launch a new Bangalore centre within the first few months.
The fresh funds have been raised from Indian Angel Network (IAN) and Stanford Angels and Entrepreneurs India.
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Kaspersky Lab appoints Maxim Mitrokhin as Asia Pacific MD * Security software maker Kaspersky Lab today announced appointment of Maxim Mitrokhin as Managing Director of Kaspersky Lab Asia Pacific.
Based in Singapore, Mitrokhin will spearhead the company's dynamic growth strategy in the region, including India.
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Knowlarity and Zoho launch SuperReceptionist * US-based Zoho and provider of cloud communications in emerging markets, Knowlarity Communications, have launched SuperReceptionist, a virtual contact centre solutions for small and medium businesses.
With the facility, users of Knowlarity and Zoho would be able to make calls using SuperReceptionist within the customer relationship management of Zoho, a company statement said.
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Ind-Ra projects IIP growth in Jan at 1.7% * India Ratings and Research (Ind-Ra) today said it expects Index of Industrial Production (IIP) growth in January to remain subdued at 1.7 per cent in January.
"Ind-Ra estimates IIP growth at 1.7 per cent in January 2016 and WPI and CPI inflation at -0.8 per cent and 5.5 per cent respectively in February 2016," the rating agency said in a statement.
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CII opposes import duty hike on medical devices * Industry body CII today strongly opposed the government's move to hike import duty on medical devices, saying it will increase healthcare cost for patients and hurt the Rs 50,000 crore medical devices industry.
"Customs duty on all medical devices has been increased by around 7.3 per cent. It should have been lowered because majority of the medical devices (75 per cent) are imported," CII's Medical Equipment Division Chairman Pavan Choudary said.
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Axis Bank, Diners Club launch world's 1st forex prepaid card * Axis Bank today announced the launch of forex prepaid card issued in conjunction with Diners Club International.
It is the world's first forex prepaid card launched, Axis Bank said in a statement.
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India Carpet Expo begins tomorrow
* Around 450 carpet importers from 57 countries including Australia, Brazil, Canada, China, UK and the US are set to participate in the India Carpet Expo which begins tomorrow in the national capital.
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Google enhances search options for cricket * Technology giant Google today launched new search features for cricket on its app to cash in on the T20 World Cup.
Using the new feature, if users search for terms like 'Cricket score' or 'T20 score' at any point during the game, scores will automatically get updated without any page refreshes.
Samsung expands affordable range with new-gen J series phones
* Electronics major Samsung today launched a new generation of Galaxy J7 and Galaxy J5 smartphones as it looks to expand its dominance in the below-Rs 15,000 segment.
The two phones -- Galaxy J7 and Galaxy J5 -- priced at Rs 15,990 and Rs 13,990 will go on sale through Flipkart from tomorrow.
"The new devices include the signature 'Make for India' innovations that make J-series the most differentiated offering in the affordable segment", Samsung India Electronics VP(Mobile Business) Manu Sharma said.
The Galaxy J5 2016 has an upgraded display size of 5.2-inch from the earlier 5-inch screen, while the new J7 will continue to sport a 5.5-inch display. Samsung is also adding its 'S Bike Mode' and 'Ultra Data Saving (UDS) mode' on the new devices.
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Sun Pharma rolls-out asthma monitoring mobile app in India * Sun Pharmaceutical Industries is rolling out a mobile app 'RespiTrack' which will connect doctors and asthma patients for better management of the disease.
RespiTrack allows complete monitoring of asthma attacks, symptoms and medications prescribed by the physician, the company said in a statement.
The company said it is estimated that nearly 50 per cent to 70 per cent patients in India do not adhere to asthma treatment regimen recommended by a doctor.
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Freecharge, Cleartrip tie up for online bookings * Digital payments platform Cleartrip and Freecharge have joined hands for faster and seamless booking experience.
With this partnership, travellers can now pay for their flight tickets, hotel bookings, train tickets among others in less than ten seconds, making the experience swifter and seamless, a release issued today said.
With this partnership, Freecharge has entered the biggest segment in travel, by adding its fast and secure digital payments solution to help consumers complete on-line transactions.
Magicbricks acquires branding rights of WEH metro station
* Property portal Magicbricks has acquired branding rights of Western Express Highway metro station on the Versova-Andheri-Ghatkopar corridor, which will now be called as 'Magicbricks WEH'.
Under this, digital boards will be installed, which will showcase the latest available properties and projects for the convenience of consumers. Magicbricks will also allow builders to use this branding platform to reach out to their specific consumer base, a statement issued here stated.
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RGI ties with Shamrao Vithal Cooperative (SVC) Bank * Reliance General Insurance (RGI) today said it has tied-up for bancassurance partnership with Shamrao Vithal Cooperative (SVC) Bank.
RGI is a part of Reliance Capital and SVC Bank is the second largest urban cooperative bank of the country.
As a part of this tie-up, RGI will distribute its vast array of affordable non-life insurance products to SVC Bank's diversified customer base across 194 branches pan India.
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ITC announces Saina Nehwal as its brand ambassador * Conglomerate ITC Group has announced to rope in ace shuttler Saina Nehwal as its brand ambassador for its health and hygiene brand Savlon.
ITC Chief Executive, Personal Care Products Business Sameer Satpathy said: "Savlon is happy to engage ace shuttler Saina Nehwal as the brand ambassador. Her journey truly exemplifies determination, dedication and hard work. Saina personifies Savlon's core brand thought of performance power in more ways than one".
ISGEC Heavy Engineering to set up subsidiary in Canada
* ISGEC Heavy Engineering has decided to incorporate a wholly-owned subsidiary company in Canada to expand its business operations in the North American nation, the company said today.
"The subsidiary company is being incorporated to expand the business of the company in that part of the world by having manufacturing operations by acquiring assets or an existing company," ISGEC Heavy Engineering said in a regulatory filing.
It said further information will be given to the stock exchange as and when some material activity, including acquisition, takes place.
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TransUnion CIBIL announces free credit score offer * Credit information firm TransUnion CIBIL will offer consumers a chance to see their credit information for free once in a year.
Consumers can also subscribe to TransUnion CIBIL data if they wish to see data more frequently.
"This gives all consumers online access to their CIBIL score and a report in a few minutes from computer or mobile phone. This will make it easier for consumers to achieve and maintain their financial goals," TransUnion CIBIL VP and Head of Consumer Interactive Hrushi Mehta said in a statement.
The subscription will also offer customised personal information based on one's financial report.
A CIBIL score is a three digit numeric summary of an individual's credit history.
It is derived using details of loan-related payments and credit card payments. A CIBIL score is used by financial institutions and banks to evaluate credit worthiness of an individual.
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HP launches Centre of Excellence in Delhi * HP Inc today launched its first Centre of Excellence (CoE) in India to showcase innovative solutions developed locally.
HP said the facility will offer solutions that solve real life problems with technological innovations and is in tune with government's Digital India initiative.
The 4,000 square-feet facility aims to demonstrate multiple solutions for sectors such as education, healthcare, BFSI and manufacturing, an HP release said.
"Developed in collaboration with over 25 system integrators that include top IT software companies, the CoE will be used as a platform to exhibit solutions relevant to government and businesses," it added.
The centre also showcases futuristic technologies in security and surveillance through command and control centre, mobility and healthcare with digital ICT labs, e-health centres and telemedicine.
The centre was inaugurated by P P Chaudhary, Minister of State for Electronics and Information Technology.
"It (the centre) will allow government and non-government stakeholders to have a practical understanding of the solutions making it easier for decision makers to take a step forward towards comprehensive digitisation of the nation," Chaudhary said.
HP has worked on projects for Indian Railways, Unique Identification Authority of India (UIDAI) and digitisation projects for Life Insurance Corporation (LIC) and several state governments.
