Zeta appoints Visa’s executive Murali Nair as President of its banking business

Bengaluru settled fintech startup Zeta has announced the appointment of Visa’s Murali Nair as the president of its banking business.Murali Nair, who holds 26 years of experience in payment and digital products business across India, and has been leading the client relationship management at India for Visa. Will be driving the Zeta’s move in the non-banking segment.While speaking on the appointment, Murali

Dhruva Space secures Rs 5 crores in collective funding from Mumbai Angels, Ravikanth Reddy, and others

A Hyderabad-based end to end solution provider for building small satellites, Dhurva Space has secured Rs 5 crores in a collective angel round funding from Mumbai Angels, Ravikanth Reddy and other external angels.Ravikanth Reddy Managing Director of Hotcrete Private ltd., led the new round funding with 37 investors of Mumbai Angels Network from across its chapters.Dhurva Space, founded by Abhay Eggor,

Maruti Suzuki plans to increase vehicle prices from next month

India’s leading automaker Maruti Suzuki has decided to increase the prices of its vehicles from January 2020.In a filing at the NSE, the company said that “Over the past year, the cost of a company’s vehicles has been impacted heavily due to an increase in various input costs.”“It has become imperative for the company to pass on some impact of the high additional cost to customers through a price hike across

Hinduja's Ashok Leyland sales dip by 22 percent in November to 10,175 units

India's largest automaker giant Ashok Leyland has reported a decline of 22 percent in total commercial vehicle sales at 10,175 units in November.In a statement issued by Ashok Leyland on Monday, the company said, "the company has reported a total commercial vehicle sales at 10,175 units in November, as compare to 13,119 units the company sold in the same month last year.""The domestic commercial vehicle

Government raises the authorised capital of FCI to Rs 10,000 crore

In an attempt to infuse the additional capital in its state-owned company, the Government of India has increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from Rs 3,500.According to the officials, “The decision to increase the FCI’s authorise capital was approved in the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister of India Narendra Modi.”The

IBM launches open-source technology to speed cyberattack response on clouds

U.S. tech major IBM has announced the launch of its new platform called ‘Cloud Pak for Security,’ which will connect any security tool, cloud, or on-premise systems without moving data from its sources.In a statement issued by the company on Wednesday, IBM said, “This platform includes open-source technology for haunting threats, automation capabilities to help speed response to cyberattacks, and the ability to

NIUM launches its cross-border payments platform in Indonesia

With the attempt to strengthen its position in Southeast Asia’s cross-border payment space. NIUM (a formerly known as InstaReM) on Wednesday, said that “It has received the Fund Transfer license from the Bank of Indonesia.”The License will allow, “The retail consumers, Small & Medium Enterprises (SMEs), Financial Institutions, and other payment service providers in Indonesia to smoothly send and receive the

Bookingjini scores Rs 3 crore from Mumbai Angels, Apurva Salarpuria and others

Bookingjini, a Bhubaneshwar-based online platform that allows hotels to generate direct booking on its platform, has scored Rs 3 crores in its seed round funding from Mumbai Angels Network, Apurva Salarpuria, and some other angel investors.The new round funding, which was led by Apurva Slarpuria, director of Salarpuria Group, has also witnessed the participation of 18 investors from Mumbai Angels Networks,

Facebook’s Escalating Feud With Elizabeth Warren

Over the last few months, Senator Elizabeth Warren of Massachusetts has positioned herself as one of the front-runners for the Democratic nomination for president in the United States’ 2020 elections.Widely viewed as the ‘most progressive candidate’ in the Democratic primaries, Warren has built her run around a series of forward-looking, liberal reforms - most of which aimed at reducing income inequality.

China is now working 6G technology

To keep the dominance in the technology space, the Chinese Ministry of Science and Technology has announced that, “It has started its research on Sixth generation telecoms technology, and has set up a working group on research and development and general expert group in the country.”The statement from the ministry has come after its meeting with “Ministry of Education, The Ministry of Industry and Information