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One Touch partners Policybazaar.Com

Press Trust of India  |  New Delhi 

On-demand safety and immediate assistance provider One Touch today announced a partnership with Policybazaar.Com for a new safety plan for policyholders.

The company said the family safety plan is priced at Rs 2,999 including a 12-month subscription of OTR's 24X7 on-demand safety and assistance service, along with a personal accident worth Rs 1 lakh.

The plan, available across NCR, provides coverage to up to 4 members of a family.

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VLCC Health Care appoints Meenakshi Vajpai as CTO * Beauty and wellness firm VLCC Health Care Limited today announced appointment of Meenakshi Vajpai as Chief Technology Officer.

Vajpai will lead technology alignment with the organisation's goals of delivering a consistent customer experience.

VLCC Founder and Vice Chairperson Vandana Luthra said, " Vajpai brings in extensive depth and experience that will be key in helping us drive our technology-based business management operations and processes. Her expertise will be instrumental in helping us connect across 11 countries where we operate".

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BlackSoil Realty Fund invests Rs 35 cr in project at Mumbai * BlackSoil Realty Fund has invested Rs 35 crore in Sanskrit group's project in Mumbai.

"BlackSoil Realty Fund-I has made its sixth investment in Sankrit Group's upcoming, almost ready projects at Bandra (West). The Fund has invested Rs 35 crore by subscribing to NCD's issued by the developer entity," the company said in a statement.

The Mumbai-based fund has made five other investments in the past in Mumbai, Chennai, Bengaluru and Hyderabad. It is backed by the promoters of industry giants like the Allcargo Logistics and Navneet Education groups. The Category-II AIF has recently done its closing at Rs 160.2 crore, residual funds of which it plans to invest in the current year.

The funds have been invested in two projects of Sankrit Group, one being a joint venture with Shreeji Combine in the posh localities of Bandra (West) off Waterfield road.

Mypoolin launches UPI-based money transfer using mobile number

* To push UPI-based payments, social payments app Mypoolin has launched a new service to enable consumers to transfer money to another person's bank account using mobile number.

UPI (Unified Payment Interface) allows consumers to transfer money from one bank to another using a virtual address. There is no need of account number, IFSC code or MMID to carry out the transfer, which is expected to drive mass adoption of the technology.

Users can select the contact (mobile number) from their address book inside the app and send money. The recipient gets a message to download the app and either furnish details like account number and IFSC code or register with UPI to get the money over IMPS, a release said.

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Mahindra, IBM to develop blockchain solution * Mahindra Group and IBM today said the companies will develop a blockchain solution in a bid to reinvent supply chain finance across India by enhancing security, transparency and operational processes.

The cloud-based application, one of the first projects of its kind in India outside of traditional banking, is designed to transform supplier-to-manufacturer trade finance transactions through a permissioned distributed ledger, a statement said.

The blockchain-based supply chain finance solution will enable all parties involved in the transaction to act on the same shared ledger, with each party updating only their part of the process, ensuring efficiency, consistency, trust and transparency, while safeguarding sensitive information, it added.

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CoutLoot gets $40,000 credit points from Facebook * CoutLoot, an online fashion platform, today said it has been selected for Facebook's developer-focused FbStart programme and has received USD 40,000 worth of credits and services from Facebook and various other platforms.

Launched last year, FbStart programme helps developers grow their startups by leveraging tools and services, worldwide events, and opportunities to engage with the Facebook team.

Crossword Books honours Ruskin Bond for lifetime achievement

* The most popular children's fiction writer Ruskin Bond, and novelist Amitav Ghosh have won the Crossword Book Awards for 2016.

Bond has been honoured with the lifetime achievement award, the organisers said in a statement.

Others who won the awards in other categories include Sachin Tendulkar (co-authored by Boria Majumdar for his biography, Playing It My Way in the popular award for best biography), Radhakrishnan Pillai (business and management category for his book Chanakya), Twinkle Khanna (popular, non-fiction category for Mrs Funnybones), and the popular pulp writer Amish Tripathi, the organisers said.

That apart Shamsur Rahman Faruqi (best translation), Ranjit Lal (best children's writing), Payal Gidwani, Roopa Pai and Akshaya Mukul among others.

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Kohinoor Technical Institute, EIFE join hands * Kohinoor Technical Institute has joined hands with the Europe India Foundation for Excellence (EIFE) to offer skilling in the technical education space.

Named 'Skill India Mission' this alliance with the European non-government body will collaborate to increase the productivity and employability of skilled workforce, KTI chief executive Sameer Joshi said.

Through this collaboration, KTI will be the window for promoting the skilling initiatives of EIFE in the country and the NGO will be the partner for KTI for promoting the skilling initiatives in Europe and elsewhere.

First Published: Thu, June 30 2016. 18:32 IST
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