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Business Economy


Andhra Pradesh Govt signs MoUs with Visa, Thomson Reuters for Fintech Valley

Andhra Pradesh Govt signs MoUs with Visa, Thomson Reuters for Fintech Valley

Mumbai, Feb 22 (UNI) Chief Minister of Andhra Pradesh, N Chandrababu Naidu, here today presided over the signing of two significant memoranda of understanding (MoU) with two fintech multinationals, Visa and Thomson Reuters, for setting up their offices in the Fintech Valley at Vizag. The milestone represents another firm step by the AP government designed to catapult Fintech Valley as the national and global hub for financial technologies (fintech) innovation. Also present at the event were Mr J A Chowdary, special chief secretary and IT advisor to the AP Chief Minister; Ms Latha Ayyar, special representative for Innovation & IT in the Government of AP & chief operating officer at Bharti AXA; Mr Vijayanand, IT secretary for Government of AP; Mr J Satyanarayana, UIDAI chairperson and former IT secretary; Mr T.R Ramachandran, group country manager for India & South Asia at Visa and Mr Pradeep Lankapalli, managing director, Thomson Reuters-South Asia. "Our vision is to create 5 lakh jobs in Andhra Pradesh by 2020 through technology-enabled services. Fintech Valley is a playground for start-ups and innovators. Our aim is to turn Fintech Valley into a global hub by enhancing the fintech ecosystem with mutually beneficial cross-border collaborations and relationships. This can lead the way in the technological and financial growth of the nation," Chief Minister Naidu said in a release. "These MoUs are steps towards converting our vision to reality -- of making Andhra Pradesh the leader in fintech ecosystem -- through Fintech Valley Vizag. Both these companies, Visa and Thomson Reuters, are industry leaders in their space and we are excited to be working with them," he added. The AP government will be hosting the first Fintech Valley Vizag Spring Conference 2017 on March 9 and 10. The conference will bring together fintech companies, start-ups, researchers and key government officials, who are working in the fintech sector. It will provide opportunities for disruptive business solutions, with a special focus on nurturing start-ups, the release added. UNI JM SS NP1900

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Sensex falls by 128 84 pts

Sensex falls by 128 84 pts

04 Jun 2020 | 5:24 PM

Mumbai, Jun 4 (UNI) The Benchmark Index of Bombay Stock Exchange on Thursday ended negative at 33,980.70, down by 128.84 points, snapping a rally of last six sessions because of selling in Bankex, Finance, Capital Goods and Realty stocks despite
positive global cues.

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Rupee down by 11 paise against USD

Rupee down by 11 paise against USD

04 Jun 2020 | 5:22 PM

Mumbai, Jun 4 (UNI) The Rupee on Thursday further slipped by 11 paise to close at 75.57 against the US Dollar on brisk demand for US Dollar by bankers and importers, dealers at Forex Market said.

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Bombardier Transportation extends successful partnership with QUEST Global

Bombardier Transportation extends successful partnership with QUEST Global

04 Jun 2020 | 5:20 PM

Mumbai , Jun 4 (UNI) Global mobility solution provider Bombardier Transportation and QUEST Global, a global product engineering and lifecycle services company, have signed an agreement to extend their existing partnership in order to strengthen cooperation to further develop engineering capabilities for the rail market.

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Hipla Technologies Pte Ltd Raises SGD 500,000 Funding to Further Grow its Contact Tracking and Social Distancing Product ContaTrack ai

04 Jun 2020 | 4:49 PM

The organisation has launched an end-to-end contact tracing and social distancing solution for offices, manufacturing, retail and healthcare environments
SINGAPORE and KOLKATA, June 4, 2020 /PRNewswire/ -- Hipla Technologies Pte Ltd is excited to announce that they have successfully raised SGD 500,000 from a stellar consortium of investors from India and Singapore.

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Cyient Appoints Meenu Bagla as Vice President and Chief Marketing Officer

04 Jun 2020 | 4:48 PM

Meenu brings more than 20 years of rich experience in the technology industry and will further strengthen the company's brand, deepen customer engagement, and contribute to revenue growth
HYDERABAD, India, June 4, 2020 /PRNewswire/ -- Cyient, a leading digital technology and engineering solutions provider, today announced the appointment of Meenu Bagla as the Vice President and Chief Marketing Officer. As CMO, Meenu will be responsible for strengthening the brand reach, relevance, and advocacy to deliver accelerated business growth in new and existing markets.

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