| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102349) | |
21631. Hilton to double presence in India in next 4 years'
- Hilton Worldwide Holdings Inc is finally stepping on the gas in India where it currently has only 3,100 rooms across 19 properties. The American hospitality major will add 3,200 rooms in 17 new properties over the next four years. While Hilton will be adding properties in some cities where it is already present like Jaipur, it will also venture into new markets like Hyderabad and Varanasi. There will be a greater focus on tier II cities in coming times, said Dhruv Hoon, Hilton India’s VP-development.
- Seven hotels are going to open in the next 22 months. The group plans to brings its top of the line Waldorf Astoria to India and is looking at Delhi, Mumbai ,Goa as one of the possible locations, luxury brands ‘Curio Collection’ and Tapestry Collection’ to India, Hoon added.
- All upcoming Hilton hotels in India will be “digital key” compliant. This opens any door a guest will normally access with a key card like room, elevators and fitness centre. “Open the app, and when you are within a few feet of a door.”
21632. Direct overseas listing a big boost for startups, say experts
- a few Indian companies have American Depository Receipts (ADRs) that are traded in the US. The Cabinet on Wednesday approved a proposal to allow direct listing of Indian companies overseas, paving the way for many startups to tap overseas liquidity for their funding needs.
- This would require an amendment to Companies Act, 2013, for having enabling provisions that would permit foreign listing of Indian corporates.Currently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US.
- Some other corporations have their Global Depository Receipts (GDRs) listed in overseas exchanges.
21633. This Hyderabad startup is helping people take better financial decisions
- Finoramic’s mobile application Figg analyses the finances and expenses of users, and suggests whether they should make investments, buy certain products, and also how the transaction will impact their future plans.
- Hyderabad-based Finoramic Inc is aimed at enabling people make better financial decisions through its mobile app, Figg. The app analyses the finances and expenses of the users and suggests whether they should make certain investments, buy certain products, and also how will the transaction impact their future plans.
- Launched in 2017 by Sachin Gupta, Finoramic initially acted as a B2B player where it worked with other fintech companies. However, the company realised the platform’s capabilities were not used to its best and the adoption was slow. In order to ensure the product reached the end customers properly, the startup pulled out its B2B services and launched its B2C app Figg last year.
21634. How this gaming startup wants to change the game with a league for desi sports
- Mumbai-based online gaming startup OKIE Gaming is working in line with PM Narendra Modi’s appeal to create games inspired by Indian culture. It is launching games such as Dahi Handi and Vallam Kali in a digital format, and readying a Desi Sports League.
- Launched by Mumbai-based OKIE Ventures in February 2020, homegrown gaming platform OKIE Gaming aims to tap into the evolving market with indigenous digital games. Founded in 2011, OKIE Ventures’ business portfolio includes manufacturing, gaming, and healthcare.
- The startup is in line with India’s aatmanirbhar plans. In August, Prime Minister Narendra Modi had said India should tap the huge potential in the digital gaming arena by developing games that are inspired from its culture and folk tales.
21635. Government charts plan to boost FDI flows
- The government has begun consultations with stakeholders on ways to step up foreign investment into the country, with commerce and industry minister Piyush Goyal launching discussions with investment bankers, consulting agencies and law firms.
- A third strategy is to get Indian MSMEs to scale up and an attempt is being made to identify some of the areas, where it is possible to do so. But policy constraints such as investment caps are seen to be hobbling the plan.
- A source engaged with the deliberations, however, said these are initial consultations as companies are currently focused on battling the coronavirus pandemic, with many of them trying to resurrect their existing operations and also looking for liquidity.
21636. How this Harvard Business School alum wants to solve India’s work-readiness crisis
- Founded in 2013 by Shveta Raina, Talerang offers customised career training to students and professionals with one aim: creating a work-ready India. It aims to upskill 20 million students by 2020.
- The startup began with training only college students but now has programmes for candidates from the age of 13 to 30. It went from training 100 students in the first year to over 100,000 trained through tie-ups with various colleges, universities, corporates and non-profits in about six years.
- Talerang’s copyrighted curriculum was researched as an independent project at Harvard Business School. Its training methodology integrates Harvard cases, proprietary assessments, interaction with guest speakers, industry exposure, and personal mentoring for holistic professional development.
21637. PM Modi discusses strategies to promote investment, boost economy
- Prime Minister Narendra Modi held a comprehensive meeting to discuss various strategies to attract more foreign investments into India, as well as to promote local investments in order to give a boost to the economy in wake of the Covid-19 pandemic.
- the PM directed all the concerned that action should be taken for a more "proactive approach" to handhold investors, to look into their problems and help them in getting all the necessary central and state clearances in a time-bound manner.
- "It was discussed that a scheme should be developed to promote more plug and play infrastructure in the existing industrial lands/plots/estates in the country and provide necessary financing support," the government said.
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21638. Startup’s App And Debit Card Teaches Teens The Finance Lessons That Schools Don’t
- How does it work?: If you are a parent who wishes to help children learn to manage finance, you can download the application on play store or app store. Once it is downloaded, by entering a valid PAN card number you can create an account for yourself and your child. An existing bank account (of the parent) is linked with the application to deposit the pocket money.After paying a registration fee of Rs 499 a card is issued and delivered via post within a few days.On the app, there are different logins for the parent and child so that children can set their own goals and view goals assigned to them. On the parents’ version, there is a view of daily expenditure made by the child, the amount they have saved, and set finance goals for them.
- About the finance startup - While research for the finance application started in March 2019, the company was formally launched in August 2019. The application was developed in-house and officially launched in August 2020.Headquartered in Hyderabad, the startup was bootstrapped by the four and it also received a grant from HDFC bank last year.
- If you are a parent who wishes to help children learn to manage finance, you can download the application on play store or app store. Once it is downloaded, by entering a valid PAN card number you can create an account for yourself and your child. An existing bank account (of the parent) is linked with the application to deposit the pocket money.
21639. पेट लवर्स के लिए लॉन्च किया स्टार्ट अप:मुंबई की देवांशी शाह ने अपने प्यारे डॉगी 'हेजल' को खोने के बाद की 'पेट कनेक्ट' की शुरुआत, यहां डॉग्स के लिए जरूरी सारी सुविधाएं उपलब्ध हैं
- अगर आपके घर में कोई पालतू जानवर है और आप इनसे प्यार करते हैं तो आप ये भी जानते होंगे कि इनकी देखभाल करना आसान नहीं है। फिर भी कई लोग ऐसे हैं जो इन पेट्स को अपने बच्चों की तरह प्यार करते हैं। उनके साथ रहते हुए वो वक्त भी आता है जब ये पेट्स भी इंसानों की तरह इस दुनिया से चले जाते हैं। ऐसे में उन लोगों का दुखी होना लाजिमी है जिन्होंने अपना हर दिन इन्हें अपनापन देने में बिताया हो। अपने पालतू डॉगी को ऐसा ही दुलार मुंबई की देवांशी शाह ने भी दिया है।
- पिछले दिनो सोशल मीडिया पर देवांशी की कहानी वायरल हुई। देवांशी के पेट डॉग का नाम हेजल था। देवांशी उसे याद करते हुए उस दिन का जिक्र करती है जब उसके भाई ने देवांशी को उसकी 20 सालगिरह पर इस डॉग को को गिफ्ट किया था।
- उसका वजन 600 ग्राम था और वो देवांशी की हथेली पर ही आ जाता था। देवांशी उसके साथ वॉक पर जाती। वे नाश्ता भी हेजल के साथ बैठकर एक ही टेबल पर करती थीं। देवांशी का पूरा दिन हेजल के साथ बितता। हेजल के साथ देवांशी की कई यादें जुड़ी हुई हैं।
21640. India Inc panel to pick up sectors to floor manufacturing pedal
- A panel led by Mahindra & Mahindra managing director Pawan K Goenka and comprising members from leading business groups
- Prime Minister Narendra Modi had in his previous interaction with chief ministers emphasised that the crisis wrought by the Covid-19 outbreak should be used to push reforms that will make the country an attractive investment destination.
- The panel is working with many ministries. Various industry chambers will draw up strategies for at least three sectors each and submit the reports These reports will contain the data related to the countries seek to replace China-made products with those from other sources.