In a bid to ensure products built by Indian start-ups can stand up to global standards, IT industry body Nasscom has opened a first-of-its-kind design studio for start-ups to get hand holding from industry mentors to build better products.

The Design4India programme, which has been built in partnership with social network giant Facebook and co-working space provider WeWork, will focus on helping start-ups design better products unlike other labs and accelerators which largely focus only on fine tuning the business models.

BENGALURU: Microsoft is revamping its startup accelerator programme, which began in 2012 with one each in Bengaluru and Israel, and changing its leadership teams.

The accelerator’s global director Ravi Narayan, general manager Tzahi Weisfeld, and director of operations Amir Pinchas are said to be moving to different roles within the organization.

NEW DELHI: Benchmark equity indices opened with losses on Tuesday morning before flattening, a day after Sensex recorded its biggest intra-day gain in two years.

30-share BSE Sensex opened with a loss of 99.72 points on 33,818.22. The broader Nifty too lost more than 30 points at opening. However, in the initial fifteen minutes of trading, both the indices pared some of their losses.

2018 TVS Apache RTR 160 is all set to be launched in India on 14 March. Only yesterday TVS Motor Company teased its new product with TVS Apache RTR INMRC race-spec bike. Now, we're expecting nice things from the RTR 160, one of the few motorcycles that delivered a racing appeal along with a comfortable everyday commute. So far what we know through spy images, of which there have been quite a few, the new Apache RTR 160 takes inspiration from the bigger Apache RTR 200 4V.

Infosys will delist its American Depository Shares (ADS) from the Euronext Paris and Euronext London exchanges primarily due to lower trading volume, even as the company’s shares will continue to trade on the New York Stock Exchange (NYSE). In a notice to the exchanges, Infosys stated, “The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements.”

The resolution professional (RP) for Essar Steel is unlikely to take a decision on the resolution plans it has received from ArcelorMittal and Numetal until the government provides more clarification on Article 29A of the Insolvency and Bankruptcy Code (Amendment) Bill 2017, sources said. Article 29 A spells out the criteria on the basis of which a bidder can be considered ineligible to bid for assets admitted by the National Company Law Tribunal for resolution.

NTPC has priced its 10-year dollar bonds at 170 basis points over the corresponding US Treasury yield to raise $400 million, investment bankers aware of the deal told FE. The initial price guidance on the bonds was 180 bps over the US Treasury, which got compressed by 10 basis points at the time of final pricing. The bonds are being issued in the Reg S format, which allows investors from Asia and Europe to participate.

The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. India’s largest bank has specified different monthly average balances (MAB) for accounts and if the holder fails to maintain this balance, he is charged depending on the degree of shortfall. The decision was taken by the bank in view of the feedback from various stakeholders.

BENGALURU: Indian ethical hackers are reaching out to Baptiste Robert, a French cyber researcher, to alert firms of flaws in their online assets as they fear local laws in the country does not give them protection for calling out such vulnerabilities.

Organisations such as Bharat Sanchar Nigam (BSNL), the India Post and Indian Space Research Organisation (Isro) have fixed those flaws after Baptiste Robert flagged the chinks in their online assets.

MUMBAI: State Bank of India (SBI) is likely to drag five Kolkata-based companies, including Burnpur Cement and four Patni group entities, to the National Company Law Tribunal for insolvency proceedings over Rs 3,250 crore in unpaid loans.

Three people familiar with the exercise told ET that the Patni group has defaulted on Rs 3,000 crore of loans and dues, with Burnpur Cement accounting for the rest.

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