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Venture Catalysts leads $250,000 investment in ConfirmTkt

Press Trust of India  |  * New Delhi 

Venture Catalysts today said it has led a USD 250,000 (about Rs 1.66 crore) investment in ticket discovery platform, ConfirmTkt.

VCats angels including Apoorv Ranjan Sharma, Anirudh Damani, Anand Ladsariya, Sanjay Mehta and Krishna Jhujhunwala led the round, while other investors, such as Urrshila Kerkar also participated in the funding drive, a statement said.

ConfirmTkt will use the funding for product development and hiring, it said, adding that Damani will join the Board.


elevates Vinay Shetty as Regional Dir & S * Taiwanese tech giant today said it has elevated Vinay Shetty as the Regional Director for and South for their computer components and peripheral business.

Levis Su, who was previously serving in this position, has moved into the role of Director for Motherboards, Computers China, Asus said in a statement.

Shetty, currently Country Head at ASUS since 2014, will be the first ever Indian Regional Director for Asus, it added.


GIPC awards 26 MW wind energy project to Inox Wind * Gujarat Industries Power Company Ltd (GIPC) today said it has awarded a 26-MW Wind Energy Farm Project in the state to Inox Wind.

"Company has issued Letter of intent (LoI)...To Inox Wind Ltd...For installation of 26 MW Wind Energy Farm Project at Rojmal Site, Dist: Amreli, Gujarat, on EPC basis, with Operation & Maintenance Contract for twenty years," Gujarat Industries Power Company Ltd said in a BSE filing.

Wind Energy Farm Project is scheduled to be completed by December 2016, it added.


Spectranet to offer 100 mbps broadband plan for about Rs 1,200 * Internet service provider Spectranet is planning to provide fixed line broadband connection with 100 megabit per second speed and unlimited download in eight cities for about Rs 1,200 per month.

"Our goal is provide world class broadband service to urban centres in Though we are for profit organisation, we want to focus on making an impact in life of people. As part of our strategy, we will provide 100 mbps broadband speed to all our customers within a year," Udit Mehrotra CEO Spectranet told PTI.

The company has started 3-month trial offer with 100 mbps broadband speed for residential customers in Gurgaon at Rs 1,199 with no data download limit.

Datawind launches software for teaching

* DataWind today launched UbiClass, an educational software application, that supports "flipped classroom" teaching and help students learn from anywhere using DataWind tablets.

In a flipped classroom, students study and review online educational materials at home.

The application will initially be deployed as a free download to students and teachers at select primary and higher educational institutions in India that currently utilize DataWind tablets.


Vodafone launches 4G services in Mysuru * Vodafone India today rolled out 4G network in Karnataka beginning with Mysuru.

This is following the launch of its services in Kerala in December 2015.

Built on 1800 MHz band, this state-of-the-art network will enable customers to access high-speed internet via mobile with speeds across a range of smart devices including mobile Wi-Fi.

Vodafone will increase the intensity of its 4G rollout covering important metros - Bengaluru, Mumbai, Delhi and Kolkata before March 2016.


Ramesh Bhat cease to be independent director of ITI * State-run ITI today said Ramesh Bhat ceased to be independent director of the company with effect from January 2 consequent to completion of tenure.

"... Consequent to completion of tenure of appointment of independent director Ramesh Bhat ceased to be Independent Director of the company with effect from January 2, 2016. The board will take note of the same in the next board meeting," the company said in a filing to BSE.

Cadila Healthcare bags India Pharma Excellence Award

* Government today conferred Cadila Healthcare with the India Pharma Excellence Award, while Lupin was awarded pharma company of the year.

The awards were constituted by the Department of Pharmaceuticals and given to the companies and individuals by Fertiliser Minister Ananth Kumar at an event in Bengaluru.

In the individual category, Glenmark CMD Glenn Saldana received India Pharma Leader award.


Trans India Holidays aims three-fold growth in next 3 years * Travel firm Trans India Holidays Group today said it aims three-fold growth in revenue in next three years to Rs 360 crore on account of its foray in the online space.

The company, which today ventured into online travel segment with digital platform BigBreaks, is aiming to tap the growing segment by providing online solutions to travel and other programmes.

First Published: Fri, January 08 2016. 19:43 IST