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TRANSSION India appoints Arijeet Talapatra as new CEO

Press Trust of India  |  New Delhi 

TRANSSION Holdings, which runs mobile phone brands like itel and Tecno, today said it has elevated Arijeet Talapatra as the of its India operations with immediate effect.

Talapatra has been associated with TRANSSION since its entry in the Indian market and has spearheaded the sales, distribution and retail functions of the company in his role as Senior Vice President National Head, Sales, Distribution and Retail, TRANSSION said in a statement.

In his new role, Talapatra will lead the development and execution of the company's long-term strategy and will be responsible for making top-level managerial decisions.

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*** PhonePe facilitates sale of over 250 kgs of gold in 5 months *

Digital payments company PhonePe today said customers have purchased over 250 kgs of gold through its platform in the last five months.

"In a short span of five months, customers have purchased over 250 kgs of 24K gold on PhonePe," it said in a statement.

The company's platform allows users to buy certified 24K Gold of 99.5 per cent purity (partnership with SafeGold) and 99.99% purity (with MMTC-PAMP) for as low as Re 1. The gold prices are linked with rates in the commercial bullion market and customers can choose to get physical delivery of the gold as well.

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*** acquires Technologies

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Payments firm has acquired digital lending platform (Zaitech Technology) for an undisclosed amount.

provides hassle-free and real-time credit using social and data along with proprietary analytics and AI, said in a statement.

As a result of the acquisition, PayMate acquires an innovative and proven lending solution in Z2P, which when combined with PayMate's proprietary B2B payments platform will revolutionise the way businesses manage their payment operations, cashflow, and access to growth capital, it added.

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Directa Plus plc, a and supplier of graphene-based products for use in consumer and industrial markets, has entered into a collaboration with leading Arvind Ltd.

Their exclusive agreement would allow the leading and brands conglomerate to infuse Directa Plus graphene-based products into their denim fabrics, said a joint statement.

Commenting on the collaboration Arvind Ltd said: "The use of graphene in Denims is absolutely new and will yield some of the smartest, most widely used fabrics in the years ahead."

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*** to address start-up community live on *

will tomorrow address the start-up community in a live session on

The objective of the live session is to address concerns and elaborate on the support which they can seek from Startup India, the ministry said in a statement.

"Participants need to use the hash tag #AskPrabhu and put their questions across before the live session," it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 18:35 IST
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