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Siemens India opens office for Next47 in Bengaluru

Mumbai, May 27 () Siemens India Monday said it has opened an office for Next47, an independent global venture firm committed to helping connect its customers to start-up innovation from around the world, in Bengaluru. “India is a key focus market and plays an important role in our global digitalisation …

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Paytm to lead $15 million funding in B2B food-tech startup HungerBox

BENGALURU: Paytm is leading a $15 million (around Rs 100 crore) investment in business-to-business (B2B) food-tech firm HungerBox, a person directly aware of the matter said. The Bengaluru-based startup digitises and manages corporate cafeteria operations, undertakes food safety and compliance, and manages vendors on its platform. HungerBox’s existing investors–South Korea’s …

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Renault, Fiat Chrysler in tie-up talks

PARIS: French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger, informed sources said on Sunday. Renault and FCA are likely to unveil the move “within hours, perhaps tomorrow (Monday), before the (Paris) bourse opens,” one …

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Top-level appointments to NHB, IIFCL expected soon: Sources

New Delhi, May 27 () With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected to be cleared soon, sources said. A government-appointed panel had conducted interviews to fill top positions at National Housing Bank (NHB) and India …

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RBI governor Shaktikanta Das meets Jaitley

NEW DELHI: Reserve Bank governor Shaktikanta Das called on outgoing finance minister Arun Jaitley here on Sunday. The governor in a tweet said that it was a courtesy meeting. “Had a courtesy meeting with Hon’ble Union Minister @arunjaitley this evening,” Das tweeted while posting a picture of the meeting. His …

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Facebook plans cryptocurrency launch in 2020

LONDON: Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday. “GlobalCoin” would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, the broadcaster …

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