Google today announced the second class of Indian start-ups that will join the Launchpad Accelerator program at Google Headquarters in the heart of Silicon Valley, California. The six nominees will join the second class on June 13, 2016.

These start-ups will join 18 other promising start-ups from Brazil, Indonesia and Mexico. The two-week boot camp will start by determining each start-up’s critical challenges, and then deploy precise mentorship, actionable solutions, and Google resources that enables their product/app to scale

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble -- Warren Buffet

Life Insurance Corporation of India (LIC) seems to have put this in practice in the March 2016 quarter. It used the market volatility during this period to hike its stake in frontline companies from the S&P BSE Sensex, including Housing Development Finance Corporation (HDFC), HDFC Bank, Tata Motors, Tata Consultancy Services (TCS) and Maruti Suzuki India.

Bengaluru: Infosys Ltd, India’s second largest information technology (IT) company, plans to bundle services offered by its business process outsourcing (BPO) subsidiary with its own in an attempt to revive growth in the latter.

“So, the way it will work is that many of the service offerings of the BPO can work across all service lines,” said an executive who declined to be named.

IT major Wipro on Wednesday announced a strategic partnership with software vendor Etiya to enable communication service providers deliver digital services.

The joint solution, offered by Etiya and Wipro, offers communication service providers capabilities to deliver digital services that addresses the requirements of the future market and customer expectations, a company release said.

Markets regulator Securities and Exchange Board of India (Sebi) has prohibited Aspen Projects India and its seven directors from selling various movable and immovable properties, as part of its efforts to recover Rs 39 crore dues.

After finding the company and its directors illegally raising funds from the public, the watchdog had earlier asked them to refund the money.

TVS Motor Company, one of India's leading two wheeler manufacturers, has rolled out a special TVS Scooty Zest 110 'Himalayan Highs' edition'. The company said that this is to commemorate TVS Scooty Zest 110's ride to Khardung La Pass by a female rider, Anam Hashim.

With this feat, TVS Scooty Zest 110 has earned a place in the India Book of Records for being the first 110 cc Scooter to reach Khardung La in the Himalayas, said the company in a statement.

Following the footsteps of Nissan, Mahindra and other original equipment manufacturers (OEMs), Ford Motor is planning to set up a new global technology and business centre in Chennai. It would be spread across 28 acres housing a R&D and product testing centre. The firm has invested around $2 billion in India.

While industry sources said the investment would be around Rs 2,500 crore, Ford's spokesperson refused to share details.

Drought in 10 states is estimated to impact the economy by at least Rs 6.5 lakh crore, with 330 million people across 256 districts facing a grim situation, an Assocham study has revealed.

Two consecutive years of poor monsoon, water shortage in reservoirs as well as lowering of groundwater table have created challenges to drought-affected areas in 10 states, the study said.

New Delhi: Power utilities BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, which cater to about 3.5 million residential, institutional and business consumers in the capital, are exploring ways to resolve a Rs.1,300 crore payment crisis with state-owned power producer NTPC Ltd by 16 May, to avert a major power supply disruption.

A person privy to the talks said the Delhi Electricity Regulatory Commission, which sets power tariff for utilities, has been informed of the matter and has asked the parties to resolve the matter in a week’s time.

Online marketplace Snapdeal has reported slower sales growth in the second half of the last financial year, highlighting the challenges faced by the company that is struggling to keep pace with rivals Amazon India and Flipkart Ltd.

Snapdeal’s gross sales, which exclude discounts and product returns, slowed to 90% in the year ended 31 March from 301% in the previous year, according to a presentation by SoftBank Group, Snapdeal’s largest investor. In the first half of last year, gross sales at Snapdeal grew by more than 220%, previous presentations by SoftBank show.

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