Companies

Ankur Srivastava, partner and co-founder, Globevestor.
Ankur Srivastava, partner and co-founder, Globevestor.

Reverse Pitch for AI startups: AI and Humans working in tandem

For businesses to thrive, human intelligence and artificial intelligence (AI) will need to work in tandem

Mark Papermaster, chief technology officer at Advanced Micro Devices Inc. (AMD).
Mark Papermaster, chief technology officer at Advanced Micro Devices Inc. (AMD).

Machine learning is the biggest disruptive tech: AMD CTO Mark Papermaster

  • AMD CTO Mark Papermaster on the significance of the chips and shared emerging technology trends
  • AMD had in January unveiled 7nm chips aimed at competing with bigger rivals Intel and Nvidia

An Airbus A320neo aircraft is pictured during a news conference in Colomiers near Toulouse, France.  (Reuters)
An Airbus A320neo aircraft is pictured during a news conference in Colomiers near Toulouse, France. (Reuters)

Fewer Airbus A320neo planes are reporting engine snags

  • In India, the biggest market for the A320neo workhorse, retrofits are 95% done
  • Pratt narrowed the number of in-flight engine shutdowns in India by as much as a factor of four in January

 (iStockphoto)
(iStockphoto)

Cyril Amarchand Mangaldas to set up India's first legal tech incubation centre

  • The centre, named ‘Prarambh’, will work with young entrepreneurs to forge new tech-based solutions for the legal industry
  • Cyril Amarchand Mangaldas is looking to build an ecosystem of technology and startups around traditional legal areas

Ashish Sharma, chief executive officer of InnoVen Capital India.
Ashish Sharma, chief executive officer of InnoVen Capital India.

InnoVen Capital invests 35 crore in Xpressbees in fifth deal this year

  • With Expressbees, InnoVen Capital has now invested 75 crore in 2019 across five companies
  • InnoVen Capital has 4-5 more deals planned for the next couple of months, says CEO Ashish Sharma

Prestige Group CEO Venkat K. Narayana.
Prestige Group CEO Venkat K. Narayana.

Prestige Group plans to sell plotted projects

  • Prestige Group plans to develop housing plots and sell individual office units to investors, says CEO Venkat Narayana
  • Both the strategies are expected to generate quicker cash flows and attract investors for Prestige Group

Mumbai, India’s most expensive property market, showed the maximum improvement in affordability among top eight cities, along with a reduction in average home sizes since 2010. (Abhijit Bhatlekar/Mint)
Mumbai, India’s most expensive property market, showed the maximum improvement in affordability among top eight cities, along with a reduction in average home sizes since 2010. (Abhijit Bhatlekar/Mint)

Mumbai sees biggest decline in home sizes, rise in affordability

  • A house in Mumbai today will cost around seven times the annual household income, against 11 times in 2010
  • The size of an average Mumbai property, meanwhile, has shrunk by 24% over the same time period

BSNL employees to intensify strike

  • The employees are on a three-day strike that started on February 18
  • When contacted AUAB Convenor P Abhimanyu said the union is against disrupting services provided to customers, including banks

The contempt plea has been filed against Ambani, Reliance Telecom chairman Satish Seth, Reliance Infratel chairperson Chhaya Virani and SBI chairman
The contempt plea has been filed against Ambani, Reliance Telecom chairman Satish Seth, Reliance Infratel chairperson Chhaya Virani and SBI chairman

SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani

  • A bench of Justices R F Nariman and Vineet Saran on February 13 reserved its judgement 
  • Reliance Communications (RCom) had told the court they had tried to move "heaven and earth" to ensure Ericsson gets its due

 (Photo: iStock)
(Photo: iStock)

Govt relaxation in startup norms to encourage investments: CII

  • The relaxation in recognition of an entity as a startup by increasing the turnover limit to 100 crore from 25 crore
  • The issue of angel tax has been a continuous issue for the overall growth of Indian startup ecosystem and ease of doing business

Jaypee Infratech has an outstanding debt of nearly  ₹9,800 crore (Ramesh Pathania/Mint)
Jaypee Infratech has an outstanding debt of nearly 9,800 crore (Ramesh Pathania/Mint)

Jaypee Infra's promoter makes second attempt to settle dues  

  • The latest offer comes close on the heels of NBCC and Suraksha group putting in bids for Jaypee Infratech
  • In April last year, JAL made an unsolicited offer of around 10,000 crore to settle dues of Jaypee Infratech

Karl Lagerfeld. (AP)
Karl Lagerfeld. (AP)

Karl Lagerfeld, who ruled Chanel design for decades, dead at 85

  • German fashion designer Karl Lagerfeld helped set the luxury industry standard for five decades
  • Karl Lagerfeld was among fashion’s most prolific couturiers, producing outfits for Chanel, Fendi and his own label

Pantomath and Pi plan to raise the fund in April (Mint)
Pantomath and Pi plan to raise the fund in April (Mint)

Pantomath, Pi Square tie up to launch 400 crore fund

  • The India Inflection Opportunity Fund will invest in mature companies, primarily in the manufacturing sector
  • The fund plans to raise 300 crore, with a so-called greenshoe option of 100 crore, based on demand

Company will be spending a significant amount on advertising and marketing. Photo: Reuters
Company will be spending a significant amount on advertising and marketing. Photo: Reuters

JSW Cement to invest Rs2,000 crore to take capacity to 20 mt by 2020

  • The company is looking at a 70:30 debt-equity ratio the expansion
  • Company is also likely to begin the work on the much-awaited initial public offer from this December

 (Mint)
(Mint)

TCS partners Nanoheal to provide self-healing device management solutions

  • The partnership is aimed at providing an error-free enterprise workspace, says TCS
  • Nanoheal will provide smart hands-off tools to automate workspace management operations, drastically reduce resolution time and monitor device performance

Flipkart co-founder Sachin Bansal (left) and Ola founder Bhavish Aggarwal. (Twitter/@Bhash)
Flipkart co-founder Sachin Bansal (left) and Ola founder Bhavish Aggarwal. (Twitter/@Bhash)

Sachin Bansal drives in additional funding for Bhavish Aggarwal's Ola

  • Flipkart co-founder Sachin Bansal total investment in Bhavish Aggarwal's Ola now stands at 650 crore
  • Sachin Bansal as an investor gives Bhavish Aggarwal more leverage in the boardroom battle against SoftBank

 (Reuters)
(Reuters)

Infosys settles case with Sebi, pays 34 lakh towards settlement

  • Infosys has settled with Sebi a case of alleged disclosure lapses regarding severance payment made to its former CFO
  • Sebi had issued a notice seeking to initiate adjudication proceedings against the company in November 2017

The government has decided to exempt from angel tax the receipts of startups from share sales to listed firms with net worth of  ₹100 crore or annual sales of  ₹250 crore. (Mint)
The government has decided to exempt from angel tax the receipts of startups from share sales to listed firms with net worth of 100 crore or annual sales of 250 crore. (Mint)

Govt removes the devil in angel tax for startups

  • Startups with sales of up to 100 crore—earlier, the exemption limit was 25 crore—would be eligible for angel tax relief
  • An entity will be considered a startup for up to 10 years from the date of incorporation, up from the earlier seven years

 (Reuters)
(Reuters)

Indane leaked millions of Aadhaar numbers: French security researcher

  • Elliot Alderson, who exposed Aadhaar leaks in the past, has found that Aadhaar data of nearly 6.7 million dealers and distributors have been leaked
  • Indane and UIDAI were yet to comment on this data leak

 Huawei founder and CEO Ren Zhengfei. (AFP)
Huawei founder and CEO Ren Zhengfei. (AFP)

Huawei's founder says world can't live without it

  • Huawei has hit back at US efforts to blacklist the company
  • Huawei's founder Ren Zhengfei said 'the world cannot leave us because we are more advanced'