New venture to back entrepreneurs launched

Online grocery store "Olnystaples.Com' today launched a new venture, CatchDrona, to support entrepreneurs by providing them with the necessary help in license, setting up shops, contacts and funding.
Rajesh Keerthi, CFO and Director, CatchDrona, told reporters that there are people who have talent and ideas, but do not have the right medium to bring it out.The company would give them a platform to establish their products, he said.
Five entrepreneurs launched their products, including coconut oil, shampoo and pickles today, he said, adding that since the concept had attracted many investors from leading investment countries, CatchDrona was expecting to launch nearly 100 products by the turn of the year.

The company's vision was to establish as many entrepreneurs as possible and to spread across 140 countries and would spend Rs five crore for marketing, Rajesh said.
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KOOH Sports raises USD 2 mn in fresh round of funding * New Delhi: Health and fitness firm KOOH Sports has raised USD 2 million in a fresh round of funding from existing investors such as HDFC, Faering Capital, Elevate Sports and the Founders.

The fresh funds will be used to pursue international markets expansion, taking new product innovations to market and also to enhance working capital to meet high growth needs, KOOH Sports said in a statement.

KOOH sports currently operates in 180 schools across 50 cities, 80 multi-sport academies in 25 cities with a staff of strength of about 400 people.
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Power Grid completes Srikakulam-Vemagiri 765 kV D/C Line * State-run Power Grid Corporation of India Ltd today its wholly-owned arm Powergrid Vizag Transmission Ltd has successfully completed the element Srikakulam-Vemagiri 765 kV D/c line.
Technofab Engineering bags Rs 220-cr order from PGCIL
* Technofab Engineering today said it has bagged two orders worth Rs 220 crore from Power Grid Corporation of India Ltd (PGCIL) in Tripura.
"Both orders are in the industrial and rural electrification sector and works is related to 33/11 KV sub-stations and associated lines," it said in a BSE filing.

The orders have a timeline of 33 months for completion, it added.
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State-owned NRL launches portal for sale of paraffin wax * State-run oil company Numaligarh Refinery Limited (NRL) today said it has launched an online portal for sale of paraffin wax.
The portal was launched by NRL Managing Director P Padmanabhan in the presence of its Director (Finance) S K Barua and other senior officers recently, a company statement said.
The portal, which was developed in-house is for the convenience of small customers with minimum order of 25 kg (1 carton). They can log into NRL website, select the wax type, quantity, warehouse from which they wish to lift the product and make payment online using net banking, credit card or debit card, it said.