November 2017, India:According to a report published in VCCircle, Flipkart will soon start selling insurance products on its platform.In a recent RoC filing, company mentioned, “The company intends to venture into the new line of business viz.In this regard the company is required to alter its objects clause in order to align its main objects clause in line with the new line of business the company proposes to undertake.”However, Flipkart will have to get approval from the governing body of the insurance industry in India, Insurance Regulatory and Development Authority (IRDA) for selling insurance on its platform.
The best part of being a billionaire might just be giving back.Five Indian billionaires have so far become a part of the Giving Pledge, a philanthropic initiative that encourages ultra-wealthy individuals to give away their billions to charity.The concept was created in 2010, fittingly, by the former richest man in the world Bill Gates, who pledged to give away half of his wealth.As many as 40 other Americans joined suit, most prominent among them being Warren Buffet, who was once the second richest man in the world.
Musk made a bet to build the biggest Li-ion battery in the world in 100 days to help South Australia to deal with its energy problem and he did.Image: Tesla“Tesla will get the system installed and working 100 days from contract signature or it is free.”This world’s largest lithium ion battery will be placed in testing this summer in South Australia and energized for the first time in the coming days as it enters a phase of regulatory testing, as per the press release.BackgroundBack in March 2017, the State Govt announced its Energy Plan that aimed at delivering Eco-friendly and affordable energy, with the development of the biggest battery that can store the renewable energy and have back up power as and when needed.Musk made the promise in March on twitter and the 100-day-countdown started on 29th September after the deal was finalised.
This is part of a series of articles that looks at entrepreneurs hoping to get their ideas off the ground through crowdfunding.At the time of writing, each of these innovations is currently seeking funding.As the interest in reducing waste and carbon use continuously increases, we have seen a number of innovations in areas such as wind and solar power for the home.Biogas is made up of several gases, primarily methane and carbon dioxide, which are produced by the decomposition of organic matter in an environment absent of oxygen.First released in 2016, an updated version is currently seeking funding on Kickstarter.The HomeBiogas kit can be assembled at home in just a few hours.
Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data from research firm eVestment showed on Thursday.This was down from the second quarter’s $7.7 billion of redemptions and the first quarter’s whopping $22.7 billion, but it still marked the 13th straight quarter of withdrawals.The figures from eVestment, which collates data from around 4,400 firms managing money on behalf of institutional investors, showed that net outflows were the smallest since the second quarter of 2014, which was the last positive quarter.There was also a 37 percent reduction in the outflows year-on-year, with some $34 billion pulled from third party asset managers in the first three quarters, down from $53.9 billion over the same period in 2016.However, some 64 percent of investment products with SWF assets still experienced net outflows in the third quarter, essentially unchanged from the previous quarter.
By Ellen Huet & Eric Newcomer The appointment of Dara Khosrowshahi as head of Uber Technologies this summer was supposed to mark the beginning of a new chapter.The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the cofounder.The company, which said it had paid hackers $100,000 to delete the data and keep quiet, disclosed the incident in a statement to Bloomberg on Tuesday, following an investigation commissioned by the board.The chief security officer and one of his deputies were ousted for their actions following the hack.
I’ve been hosting international business accelerators for nearly two years now, and I’ve noticed a pattern—over 90% of the people who come identify with being in a transition of some kind.That’s because we’re waking up to the fact that we want more out of our lives.The hunt for happiness has shifted away from seeing success as the possession of material things or status to success as a measure of fulfillment and quality of life.Barran is the CEO of Lionheart Capital and the owner of Aqua Wellness Resort, a stunning Nicaraguan wellness resort nestled in a secluded beach and jungle cove.
In between opening Christmas presents and cooking the turkey, a whopping 66 percent of employees will be checking work emails on Christmas Day.The study, which surveyed more than 600 full-time U.S. employees about their holiday work plans, found that 70 percent of employees who are able to work remotely, plan to do so for at least one day during the holidays.Half of the employees surveyed said they plan to combine remote with paid time off over the festive season, with just 16 percent saying they would take paid time off only.Giving employees the power, freedom and flexibility to work from home during holiday time comes with many benefits to small businesses and their employees.
After the recent implosions of two rival services, a third Chinese bike-sharing startup is this month falling to pieces.Mingbike has fired 99 percent of its staff, some of whom haven’t been paid for months, reported the South China Morning Post today.As with the other two failing startups, angry users are struggling to get back their US$30 deposits from the dockless bike-share service.Compared to the other two, Bluegogo and Coolqi, Mingbike – also known as Xiaoming – was a less-used service available in just a handful of cities.Coolqi cockupCoolqi, known for its green livery as well as its headline-grabbing golden bicycles, has 1.4 million bikes, but it’s now struggling to stay afloat.
This is especially true in professions that use the STEM skillsets, which tend to be in high paced work environments such as the tech world, entrepreneurship or investing.Our brain is scanning all the ‘what if scenarios’ on repeat and the body prepares itself for the perceived danger.The effects of stress have been scientifically document in the book, The Relaxation Revolution.The author of the book, Dr. Herbert Benson, is considered one of the leading experts in stress and has a wing of the Massachusetts General Hospital dedicated to his name and scholarly work of mind body medicine.
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NEW DELHI: The next 12 months are likely to be crucial for ShopClues, as the Tiger Global-backed managed marketplace prepares to face, and potentially stave off, increased competition from two of India’s biggest ecommerce companies — Flipkart and Amazon.The online marketplace saw its total revenue remain flat, recording just a 5% jump to Rs 188 crore in FY17, as per its financials presented to the Registrar of Companies, sourced through datatracking platform Tofler.Its loss for the same period went down by 13% to Rs 332 crore, as it reduced its advertising and promotional expenditure from Rs 236 crore to Rs 188 crore.Sanjay Sethi, CEO ShopClues, acknowledges the challenges posed by both Flipkart and Amazon, which are larger and better capitalised companies, with enough cash in the bank to play the waiting game, but said that the company is more than equipped to emerge as the winner.
Tweet This StockSnap IO StockSnap IO No matter what your organization does or how long you’ve been operating, it’s important to take a step back and recharge.As a social entrepreneur, there’s certainly much to be grateful for, and a healthy dose of gratitude can ground us in purpose, meaning and vision for the future.The people working alongside you day-to-day share in your vision and your struggle, and a simple acknowledgement or note of gratitude will help them remember you value their work and passion.It’s the team that sets the culture and the culture that fuels the organization, so be grateful for your team today.
This is a pretty standard cartoon.Play on words, twist at the end, done and done.The font for the Corpco sign in the back.I have hundreds of fonts of all manner and type, but most of my favorites replicate a cartoony hand-lettered look.
If you are serious student searching for a right tutor for your academics, sports or hobby, try surfing Qriyo, the most innovative edutech startup in India and country’s first managed home tuition app.Many didn’t want to come over to his house and others wanted a hefty sum of money.However, in this entire process, he realised that there is a problem and a solution to it was a must.And in January 2016, Qriyo was born offering over 400 courses in academics, co-curricular, extracurricular, and fitness activities.
Shutterstock With a population of 1.3 billion, half under the age of 25, India is ripe for digital transformation.Prime Minister Modi’s ambitious Digital India program captures the opportunity to transform India and underpins the digital foundations for success with political leadership.Digital India has a host of digital policy and infrastructure commitments including regional and public broadband, mobile connectivity, public internet access and e-governance.And then there is the India Stack, the world’s largest open API, to interface to government and payment services.
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Uber’s hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet’s venture arm CapitalG last month.This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion.The funding is not yet been closed and this $500 million is an extension of its previous round.This funding will be utilized to develop its passenger and driver products, the company told the source- Axios.The funding comes at a critical point where it is trying to expand outside U.S., with a launch scheduled in December in Toronto and Hamilton in Canada.
Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion for at least 14 percent of Uber, mostly by buying out existing shareholders.“We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete,” Uber said in a statement.Uber described its early discussion with SoftBank when asked to comment on a Thursday Wall Street Journal report on the disclosure, which the newspaper said occurred about three weeks ago.The Wall Street Journal also said that more than two months elapsed between the time Uber Chief Executive Dara Khosrowshahi learned of the breach and this week’s disclosure, citing unnamed sources familiar with the matter.
NEW DELHI: The Ninth India Innovation Initiative workshop and pitch session for the northern region, held recently at Bennett University, saw participants from the healthcare, agriculture and technology sectors.They made their pitches to a jury of experts from the Confederation of Indian Industry (CII), Bennett University and the Technology Information Forecasting and Assessment Council (TIFAC).CII and Bennett University’s Centre for Innovation and Entrepreneurship (CiE) have partnered to host 25 startup innovators in order to promote entrepreneurship.“I encourage you all to make the best of this forum to learn from each other, explore and collaborate in the near future,” he said.