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Agility Ventures To Launch INR 450 Crore Angel Fund

Agility Ventures To Launch INR 450 Crore Angel Fund

New Delhi: The year has begun on a promising note for Agility Ventures. One of the leading angel investor networks in the country, the company has received approvals from the Securities and Exchange Board of India's (SEBI) for an angel fund with a total corpus of the angel fund is INR 450 crore (USD 60 Million), Agility Ventures is looking to deploy the entire corpus in the next 3-4years. The past two months have seen numerous angel investor networks applying to SEBI for AIFs (Alternative Investment Funds) to not just invest in the same ecosystem, but also get tax relief for…
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Annapurna Finance raises $35 million from Accion, Encourage Capital, and Oikocredit

Annapurna Finance raises $35 million from Accion, Encourage Capital, and Oikocredit

New Delhi: Odisha-based Annapurna Finance today announced its third capital raise within the year of $35 million (INR 260 Cr) from Encourage Capital, Accion and existing investor Oikocredit. This is the third capital raise by Annapurna in 2021, after attracting a $30 million investment from Nuveen Global Impact Fund in March 2021 and a $20 million from DEG in November 2021, bringing the total investment to $85 million this year. Annapurna Finance, with a pan India rural distribution network and its multi-product strategy, offers micro credit loans, home improvement, and MSME loans to individuals and small businesses. As part of…
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Ramky Enviro bags contract to develop CETP at TSIIC Industrial Park, Pashamylaram

Ramky Enviro bags contract to develop CETP at TSIIC Industrial Park, Pashamylaram

Mumbai: Ramky Enviro Engineers Limited, provider of comprehensive environment management services in India and Asia, was awarded the contract to develop a Zero Liquid Discharge Common Effluent Treatment Plant (ZLD-CETP) at the TSIIC Industrial Park at  Pashamylaram, Hyderabad. The contract awarded by the TSIIC is to develop the CETP on a DBFOT basis. The plant will initially treat 480 KLD (kiloliters per day) of wastewater with plans to expand to 1 MLD (million liters per day). The contract was awarded in the presence of TSIIC Vice Chairman & Managing Director, Mr. Venkat Narasimha Reddy, CEO, Mr. V Madusudan, Chief Engineer,…
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Onsurity Launches HealthCare Credits Program for Startups

Onsurity Launches HealthCare Credits Program for Startups

Delhi: Onsurity, an employee healthcare benefits platform, is launching a health benefits credit program for startups - Onsurity Edge Credits Program. The program is designed to empower startups by offering their employees a health benefits membership with Healthcare along with wellness benefits. Startups who opt-in for the credits program will receive up to INR 25,000 credits which can be redeemed to buy comprehensive healthcare plans for employees. Onsurity, which is subscription-based employee healthcare platform for startups and SMEs, has firmed up plans to reach more 10,000 SMEs through this program, covering over 1 lakh lives, in next 12 months.  In…
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AstraZeneca India and Make-A-Wish foundation partners to grant 500 wishes to critically ill children

AstraZeneca India and Make-A-Wish foundation partners to grant 500 wishes to critically ill children

Mumbai: AstraZeneca India Private Limited, a leading science-led biopharmaceutical company, joined hands with ‘Make-A-Wish’ Foundation India to fulfil the wishes of about 500 children suffering from critical ailments across the country. Under this partnership the organisation supported a series of 11 events organised either virtually or on-ground across Bangalore, Goa, Mumbai, Kolkata, Jaipur, Delhi, Pune, Hyderabad, Chennai, Ahmedabad and Baroda in an effort to reach out as many children between the age of 3 to 18 years as possible and leave them with joyous memories. Commenting on this initiative, Dr. Anil Kukreja - V.P Medical Affairs & Regulatory, AstraZeneca India said, "We…
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IIFL Home Finance signs agreement for Co-lending with PNB

IIFL Home Finance signs agreement for Co-lending with PNB

Mumbai: IIFL Home Finance Ltd. (IIFL HFL) today announced and signed an agreement with Punjab National Bank (PNB), India’s 2nd largest Public Sector Bank, for Co-lending. IIFL Home Finance Ltd. expects to grow their loan book by 25% with these associations. The loan sourcing and servicing will be managed by IIFL Home Finance and 80% of the loan will be provided by Punjab National Bank.  IIFL Home Finance Ltd. will service the customers through the entire loan cycle, from sourcing, documentation, collection to loan servicing. This association will let IIFL Home Finance to further penetrate into affordable Home Loan and Secured MSME Loan markets, and will also strengthen IIFL’s HFL’s portfolio. This…
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Microsoft launches Future Ready Talent program in collaboration with AICTE, NASSCOM, EY, GitHub and Quess Corp

Microsoft launches Future Ready Talent program in collaboration with AICTE, NASSCOM, EY, GitHub and Quess Corp

Launches Future Ready Talent, an internship program for undergraduate studentsAims to skill over 1.5 lakh students in data and AI, cloud computing, cybersecurity etc. New Delhi: In line with the Skill India vision, Microsoft today launched the Future Ready Talent program, bringing together a strategic group of partners to empower India’s youth with technology skills for employability. A collaborative internship program for students in their second year of college and upwards, the initiative aims to impact over 1.5 lakh higher education students who will join the workforce between 2022-2024.  Under the program, the All India Council for Technical Education (AICTE), FutureSkills Prime-a NASSCOM and Ministry of Electronics and Information Technology (MeitY) digital skilling initiative, Ernst…
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‘Ciné Impact Film Fellowship’ for Young Filmmaker Announced

‘Ciné Impact Film Fellowship’ for Young Filmmaker Announced

Filmmaking grants worth INR 1,00,000 and cash prizes worth INR 1,00,000 Mentorship and handholding by accomplished and renowned filmmakers during a week-long Filmmaking Bootcamp New Delhi: The Hyphen, a citizen action platform for youth, has announced the ‘Ciné Impact Fellowship’ program to nurture new talent from the next generation of filmmakers for independent storytelling on social issues. A cohort of 10 filmmakers with a fixed one-time financial assistance worth INR 1,00,000 in addition to cash prizes worth INR 1,00,000 through a national short film competition. While the participants will be vetted by an eminent jury of critics and filmmakers like Saibal…
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Coralogix raises $55 million in Series-C funding led by Greenfield Partners

Coralogix raises $55 million in Series-C funding led by Greenfield Partners

New Delhi: Coralogix today announced it has raised $55 million in a Series C funding round led by Greenfield Partners, bringing the company’s total amount raised to $96 million. The company aims to pursue its strategic 5-year growth plan for the India market, whilst assisting companies with regional server support, data storage capabilities and compliance with the country’s data privacy laws. The latest round of funding also saw participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s - O.G. Tech, Janvest Capital Partners, Maor ventures, and 2B Angels.  Previously in October 2020, the company had raised $25 million in Series…
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NTPC invites online bids for EPC Package of Waste to Energy Facility in Varanasi

NTPC invites online bids for EPC Package of Waste to Energy Facility in Varanasi

Mumbai: NTPC Vidyut Vyapar Nigam Limited, a wholly-owned subsidiary of NTPC Limited has invited online bids on a “two-stage” bidding basis for the EPC Package of Waste to Energy Facility at Ramna, Varanasi. The bid commenced on 22nd June 2021 and will conclude on 27th July 2021. The Varanasi Waste to Energy (WTE) facility is expected to be commissioned by 30th September, 2022. A Waste to Energy plant with waste segregation facility of 600 TPD fresh Municipal Solid Waste will be installed under the project. The plan will be designed in a modular fashion for assembly, testing, maintenance and replacement of…
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