Ashoka Univ, US-based Singularity University ink MoU

Ashoka University today said it has signed a Memorandum of Understanding (MoU) with US-based Singularity University (SU) to foster innovation in India.
Headquartered at NASA Research Park in California, SU is exploring one of its first strategic partnerships in India focused on launching the Global Impact Competition (GIC), Ashoka University said in a statement.
SU aims to develop a global network of innovation ecosystems alongside a coalition of entrepreneurs, businesses, universities, government agencies and nonprofits, it added.
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OPPO launches R5 in India for Rs 29,990 * OPPO India today launched its new smartphone 'R5' priced at Rs 29,990 in the country.

Featuring a 5.2-inch AMOLED screen, the devcie will be available for pre-booking from January 1, 2015.

It comes with 1.5GHz Qualcomm Snapdragon Octa-Core processor, 2GB RAM, 16GB storage, 13 MP rear and 5MP front camera and 2,000 mAh battery.
"The R5, like the rest of the R series delivers a truly stylish, exquisite and distinctive design and will continue to delight our customers with its innovative yet practical functions," OPPO India CEO Tom Lu said.
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Videocon launches new smartphone for Rs 4,999 * Videocon Mobile Phones today launched a new smartphone -- Infinium Z45 Nova -- for Rs 4999, exclusively with eCommerce firm Flipkart.

The device is powered by a 1.3 GHz quad-core processor and runs on Android KitKat operating system.
The smartphone features 4.5-inch screen, 1GB RAM, 8GB memory (expandable to 32GB), 5MP rear camera and 2MP front camera and 1,700 mAh battery.
"We understand the emerging consumer need of having flagship grade smartphone experience at a very value-for-money cost, and are affording the same within the sub-Rs 5,000 price bracket to the market," Videocon Mobile Phones CEO Jerold Pereira said.
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IRDA renamed as 'IRDA of India'
* The Insurance Regulatory and Development Authority (Irda) has been renamed as 'Insurance Regulatory and Development Authority of India'.

"Insurance Regulatory and Development Authority (Irda) shall henceforth be known as 'Insurance Regulatory and Development Authority of India' (Irda of India)," the insurance sector regulator said in a release today.
The change in name came to effect after the promulgation of Insurance Laws (Amendment) Ordinance, 2014 by the President of India on December 26, 2014.