Around the Globe

Around the Globe

Flipkart invests $2 mn in parenting social network Tinystep

Tinystep, a parenting social network platform, today said it has received USD 2 million (Rs 13.6 crore) in funding from e-commerce giant, Flipkart.

With the funding, the startup plans to advance its products, improve user experience and expand on services, Tinystep said in a statement.

"It has been a nail biting year. We've grown as a product, as a team and have learnt to now focus our energies on the new revenue model. Flipkart has been a great partner and supportive of us in all our endeavours," Tinystep founder Suhail Abidi said.

Nissan launches new Sunny, price starts at Rs 7.91 lakh

Japanese auto major Nissan today launched the new version of its mid-sized sedan Sunny in India with price starting from Rs 7.91 lakh (ex-showroom Delhi).

"Nissan India is constantly listening to the voice of our customers. The New Sunny 2017 is a testimony to this with its spacious interior, comfortable drive feel and fuel-efficient engines," Nissan Motor India Managing Director Arun Malhotra said in a statement.

Akhilesh wins cycle battle

In a major boost to UP chief minister Akhilesh Yadav, the election commission on Monday recognised the faction headed by him as the Samajwadi Party and allotted the reserved symbol ‘bicycle’ to it for contesting the forthcoming assembly elections.
The group led by Akh­ilesh Yadav is the Samajwadi Party and is entitled to use its name and reserved symbol bicycle, the three-member election commission, headed by Nasim Zaidi, said in its order.
The verdict comes a day ahead of the start of the filing of nominations in the 7-phased polls in the state beginning on February 11.

Control Alt Foods in expansion mode

Control Alt Foods Pvt Ltd, owners of healthy snack brand ‘The Green Snack Co’, has now raised nearly $5,00,000 from two individual investors - Riddhesh Gandhi, founder of Discovery Capital and ex head of healthcare and consumer investment banking at Goldman Sachs and Harshita, founder of Tree of Life Pvt Ltd, to back up its expansion plans.

Defence of the force

The armed forces are not alone in trying to get a handle on controversies emanating from social media content put out by men in uniform. The ministry of defence has also taken note of the problem. It is a critical role for defence minister Manohar Parrikar who has to maintain a balance in civil-military relationship.
The unrest in the armed forces is evidently taking a toll on the system. The government was at the receiving end of the campaigns on One Rank One Pension and the implementation of 7th Pay Commission.

Chinese whispers

Somewhere around last November when the announcement of a new army chief was awaited, messages started to appear in various Whatsapp groups pre-empting the government’s decision to circumvent the seniority principle in picking up the general to lead the force. A strong buzz about eastern army commander Praveen Bakshi, the most senior general, being overlooked for the top job had already gripped army circles.
What began as a Chinese whisper turned out to be true when the government deep selected vice chief Bipin Rawat overlooking two of his seniors.

‘Yes we can’, Barack Obama’s complex legacy

After winning the White House with a call to embrace “the audacity of hope,” Barack Obama knows his place in the history books will be measured against the outsized hopes his 2008 election sparked in the United States and abroad.
Beyond his wide smile, his legendary Hawaiian sense of calm and his drama-free style of governing, what will be remembered from the Democrat’s extraordinary path to power and his two terms as the 44th US president?

Xi takes Davos spotlight

When Xi Jinping (in pic) addresses business elites at Davos, the Chinese president will find himself an unlikely champion of the trade-based global order Donald Trump has derided. His new role could prove to be one of his biggest tests.

Govt eyes Rs 15K cr from oil PSUs as dividend

Public sector oil companies, which have higher profitability now after the mergence of favourable conditions in the international market, may have to dole out more in dividend this year to shore up the government revenue.

Now, withdraw Rs 10,000 from ATMs, weekly cap remains

In a big relief, the Reserve Bank of India (RBI) on Monday hiked the daily ATM withdrawal limit to Rs 10,000 from the existing limit of Rs 4,500, but retained the weekly ceiling at Rs 24,000. On the same lines, for current accounts, the new weekly withdrawal limit has been doubled to Rs one lakh from the existing limit of Rs 50,000.