Medikoe raises USD 100,000 in angel funding to fuel expansion

Bangalore-based online platform Medikoe has raised USD 100,000 in angel funding and will use the proceedings to fuel its expansion plans.
Medikoe has raised USD 100,000 in angel funding from Anil Menon, the CEO of CMS Computers to fuel expansion in Mumbai and NCR region by December 31 and in more than 20 cities by the first quarter of 2016, the company said in a release.
Launched in October 2015 by Sreevalsan Menon and Raman Shukla, Medikoe connects consumers to four major healthcare pillars; Hospitals, Diagnostic centre, Pharmacy and Wellness along with integrated deals on healthcare from 5 per cent to 30 per cent on a single platform.

Some of the key partners includes Manipal Hospitals, Jiyo Natural(healthy food), NM Medical Diagnostic, Nightingales Home care, Positive Homeopathy etc.
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Hindustan Foods, PepsiCo extend tie-up to manufacture Kurkure * Hindustan Foods today said its manufacturing and supply agreement with Pepsico India to manufacture various products, mainly Kurkure, has been extended till July 31, 2016.

In a filing to the BSE, Hindustan Foods said: "... Manufacturing and supply agreement entered by the company with Pepsico India Holdings to manufacture 'Kurkure' extruded products or any other products, as may be mutually agreed, under the trademark of 'Pepsico' at the company's manufacturing facility located at Usgaon, Ponda, Goa, has been extended now, and hence the company will continue to produce 'Kurkure' extruded products upto July 31, 2016."

In September 2014, Hindustan Foods had said it has joined hands with Pepsico India to produce various products, mainly Kurkure, of the beverages giant at its manufacturing facility in Goa.
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Career Power to provide free coaching to 10,000 students * Test preparation company Career Power will provide free coaching to 10,000 financially weak aspirants across India by end of FY 15-16 as part of its voluntary CSR initiative.
The scheme is open for students, whose family income is less than Rs 2 lakh and those who have secures more than 50 per cent marks in their graduation.

The initiative will initially begin at two of its branches in Delhi and based on the initial response, it is planning to offer the same across its other branches in Lucknow, Kanpur, Bhopal, Hyderabad and Ahmedabad in the first year.
Intellect bags deal from Turkey's Tacirler Investment
* IT firm Intellect Design Arena today said it has bagged a deal from Tacirler Investment in Turkey.
The company, however, did not disclose the size of the deal.
Tacirler chose to partner with Intellect to digitise its Brokerage, Wealth and Treasury operations and the implementation will provide them an edge amongst the capital market players in the region, a statement said.

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Hexaware to continue with Jan-Dec as fiscal year * IT firm Hexaware Technologies today said it will continue to follow January-December as its financial year.
Most companies in the country follow April-March as their fiscal.
"Hexaware Technologies has received an order from the Company Law Board under section 2 (41) of the Companies Act, 2013 for continuing January to December as its financial year," it said in a filing.
Hence, the company will maintain its financial year from January 1, 2015 to December 31, 2015, it added.
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Babajob appoints new heads for engineering, product * Babajob, an online marketplace for jobseekers in the unorganized sector, today said it has appointed Harsha SN as Senior Vice-President of Engineering, Giridharan Natarajan as Head of Product and Akshat Kansal as Vice-President of Engineering.

Harsha and Kansal will lead the technology development solutions, while Giri will lead the product agenda, Babajob said in a statement.
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Rubique ropes in former execs from Myntra, Reliance Jio * Rubique, an online marketplace for financial products, today said it has appointed former Reliance Jio Executive Manish Aggarwal as its new Business Head.
It has also roped in ex-Myntra Executive Anadi Mishra as its new CTO.
"Their hiring marks the beginning of top-level appointments to bolster critical operations and scale faster," the company said in a statement.
Cholamandalam to buy White Data Systems for Rs 8 cr

* Cholamandalam Investment and Finance today said the company's board has approved the proposal to invest Rs 8 crore in White Data Systems, which will make the IT company its subsidiary.
"... The board of directors at their meeting held today approved a proposal to invest up to a sum not exceeding Rs 8 crore in equity shares of White Data Systems India Pvt Ltd..." Cholamandalam said in a regulatory filing.
The investment would be done in one or more tranches and subject to satisfactory completion of due diligence and documentation, it added.
This investment will result in company's holding up to 65 per cent of the equity capital of White Data, making the latter a subsidiary of the company.

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IEEMA begins campaigning for World Electricity Forum 2016 * Indian Electrical and Electronics Manufacturers' Association (IEEMA) today said it has commenced campaigning to share the contents of ELECRAMA 2016 - World Electricity Forum, which will be held in Bengaluru in February.
"Today, we held the first of the series of roadshows to share contents of the ELECRAMA-2016 among all direct and indirect stakeholders of the sector. Nearly 20 roadshows across India will be held for the 5-day mega event of ELECRAMA 2016," IEEMA President Babu Babel told reporters here.
He added that the event, scheduled to be held at Bengaluru from February 13 to 17 next year, will provide the industry a worldview on technology, best practices, new systems and forecasting the trends in the future of electricity, both from technology and a socio-economic point of view.