Tag Archives: India

Central Bank of India Posts Rs 837-Crore Loss in Q3

New Delhi: Central Bank of India on Tuesday said it has registered a net loss of Rs 836.62 crore for the third quarter ended December. The public sector lender had clocked a profit of Rs 137.65 crore in the corresponding October-December qaurter of 2014-15. Total income of the bank decreased to Rs 6,911.62 crore during the third quarter of 2015-16, ... Read More »

Gold Discounts in India Hit Record Highs as Demand Falters

Mumbai: Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month. The bullion industry expects the government to cut the record 10 percent import duty on gold in the annual budget for 2016/17 that will be ... Read More »

Google Now Offers Flood Alerts in India

Google on Tuesday announced that it will offer flood alerts in India through Google Public Alerts. The company said that users will be able to find flood alerts with river level information for over 170 areas in which Central Water Commission (CWC) has active observation stations. In a blog post, Google said the alerts will be available on Google Web ... Read More »

India Funding Roundup: A Wedding Marketplace, Mobile Developer Tool Startup, and More

Our latest funding roundup compiles seed level and undisclosed investments in a toolkit provider for mobile app developers, wedding marketplaces, personal styling apps, and advertising networks. Two startups got Ratan Tata’s backing on Monday, one is a developer of anti-cancer drugs, while the other is a online marketplace for industrial products. Hansel.io Bengaluru-based Hansel.io, has raised an undisclosed amount of ... Read More »

India Funding Roundup: A Personalised Insurance Seller, Enterprise IoT Player, and More

Our latest roundup mostly sees seed funding activity centred around sectors like online insurance, learning kits, and co-working spaces, with a couple of Series A rounds in areas like Industrial IoT and driver analytics. Turtlemint Personalised insurance platform Turtlemint has raised an undisclosed sum in an investment round led by Nexus Venture Partners, with participation from Blume Ventures. The Mumbai-based ... Read More »