Miscellany

Miscellany

Microsoft to include India in venture fund

Microsoft’s corporate venture fund, M12, said it would extend its investing coverage to India to help entrepreneurs innovate and grow with Microsoft’s reach, expertise and technologies.

Venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards with over $3.09 billion raised in equity funding across 415 deals in 2018, 28 percent more than $ 2.41 bn invested in 2017, as per Tracxn.

CCI dismisses Snapdeal's complaint against KAFF for setting minimum sale price

The Competition Commission on Tuesday dismissed a complaint by e-commerce firm Snapdeal against kitchen appliances maker KAFF with regard to alleged imposition of minimum resale price maintenance (RPM) on its dealers.

The fair trade regulator dismissed the complaint by Jasper lnfotech which owns and operates e-commerce platform Snapdeal as the it did not find any contravention of the Competition Act.

Irdai may get a woman member; 10 in fray

TL Alamelu (in pic),  chairman and managing director (CMD) of Agriculture Insurance Company, is likely to be appointed member (non-life) of the Insurance Regulatory and Development Authority of India (Irdai) in place of PJ Joseph, who retired on January 13.

Arya named USOF head after BharatNet fiasco

Ansuli Arya has been appointed as the new administrator of Universal Service Obligation Fund (USOF) that looks after the funding part of the government telecom projects, a move largely seen as an action by the PMO after the BharatNet project faced delays and poor implementation.

Arya, a 1989 batch IAS officer from the Bihar cadre replaces the current incumbent Sanjay Singh.

Co-living to be a $2b market in four years

The tech enabled co-living market is poised to leap forward and grow multi-fold from a meagre $120 million to $2.2 billion in the next four years.  Well-funded players are expanding fast in top cities, providing higher yields to property owners and reasonably priced rental accommodation for millennials. 

Discovering cowboy culture

It always amuses when rare events find places in our daily life and left an unforgettable memory. Then brace yourself for the month end as cowboys will be sharing their experiences in the form of poetry.

The national cowboy poetry gathering will take place at Elko, Nevada from January 28 to February 3.

One can discover horseman cultures from around the world, learn a traditional skill, dance the two-step, plan for the West's future with ranchers and conservationists, watch home-made films of rural life and meet new friends at the historic Pioneer Saloon.

MacKenzie Bezos may become world’s richest woman after split

As MacKenzie Bezos and Jeff Bezos, parents of Amazon.com, have decided to split after 25 years of marriage, she might become the world’s wealthiest women.

A share of 16 per cent in Amazon.com is ascribed to Bezos, who founded the firm in 1994 after the then-newlyweds left New York City for Seattle.

The pair jointly announced on Wednesday that they plan to divorce, a reminder that the planet’s “richest man” is one half of its richest couple.

Online games may turn kids anti-social

Online games help make kids sharper and mentally more active. They gain mind hand coordination along with other skills like sense of competition, multitasking and problem solving skills with speed. But there is an ugly side to it. The advent of new technologies in the online gaming industry has brought upon more than a few repercussions. It damages their physical and mental health in numerous ways. Kids also become an easy target of cyber harassment and isolate themselves from the reality.

Mercedes-Benz retains pole position, sells 15,538 cars in 2018

Mercedes-Benz, India’s biggest German luxury car maker by sales, has retained its pole position in the luxury segment for the fourth year in a row. Sales at the Pune-headquartered automaker gr-ew 1.4 per cent at 15,538 units in December 2018 despite strong macro-economic headwinds in the second half of this year.

Amazon boss Bezos, wife MacKenzie to split

Amazon.com Inc chief executive officer Jeff Bezos and wife MacKenzie Bezos said on Tuesday that they have decided to divorce after a long separation trial, Bezos posted a joint statement on Twitter.

The billionaire executive announced the news three days before his 55th birthday in a tweet signed by both of them. They have been married 25 years.

The couple last year launched a charitable fund together, dubbed the Day One Fund.

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