Friday, Feb 22 2019 | Time 14:25 Hrs(IST)
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  • 'Good beginning is half the battle' - says PM on a day UNSC condemns Pak on terror
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  • Projects worth Rs 5,894 cr inaugurated at Chandi Ghat in Haridwar
  • Walk-out in Assam Assembly over arrest, search powers to Assam Rifles
  • Russian Helicopter Ka-226T will be assembled at proposed HAL copter facility in Tumkur
  • Russian Helicopter Ka-226T will be assembled at proposed HAL copter facility in Tumkur
  • CM presents over Rs 1 82 lakh crore Vote-on-Account budget for FY 2019-20
  • Poeir Jets Develops India’s First Heavy-lift Hybrid Drones
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MAW announces to bring GINNI ICO on December 6

Chandigarh, Dec 4 (UNI) A Singapore-based company Miners At Work(MAW) on Monday announced to bring an Initial Coin Offer(ICO) of 300 million GINNI tokens for the businesses across Asia including Indian investors.
The ICO, opens on December 6, 2017 will close on February 2, 2018 and aims to raise about US$15 Million, said Vikas Gupta, Chief Executive Officer of MAW here today.
GINNI token Pre-ICO starting on the December 06, 2017 will close on January 05, 2018 and the very next day public crowd sale will start and closes on February 2018, he said and added that pre-ICO price gives early investors a gain of about 40% over the closing ICO price, he said.
The proceeds of the ICO will be used to scale up huge mining infrastructure including installing mining servers, FASTCOIN crypto Automatic Teller Machines((ATM) as well as develop new value added products to support businesses across Asia, starting off with Singapore, said Mr. Gupta.
“We are making mining simple and user friendly for investors so that they can get decent rewards without any hassles. ICO is a new and transparent way of arranging capital for technology start-ups by crowd funding where investors get tokens for that. Our tokens will be listed on at least two exchanges and an investor can trade them easily to get liquidity. This gives them an easy exit with options to buy, sell or exchange. We see a strong demand for the GINNI tokens not only in India but worldwide as well,” Mr Gupta shared.
He said MAW is strategically based in Singapore and enjoys a lower taxation rates making the business more profitable overall in terms of returns (ROI) as compared to other locations worldwide.
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Russian Helicopter Ka-226T will be assembled at proposed HAL copter facility in Tumkur

22 Feb 2019 | 1:30 PM

Bengaluru, Feb 22 (UNI) The helicopter facility of the Defence PSU, Hindustan Aeronautics Limited (HAL) coming up at Tumakuru in Karnataka will house the final assembly and servicing of the Russian-made Kamov-226T Light Utility Helicopter, for which a joint-agreement was registered recently.

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Poeir Jets Develops India’s First Heavy-lift Hybrid Drones

22 Feb 2019 | 1:28 PM

Bengaluru, Feb 22 (UNI) After successful launch of the country’s first Microjet Engine series, Poeir Jets, promoted by M/s Poeir Jets Pvt Ltd, an R&D subsidiary of Intech DMLS, is India’s first private firm that developed Jet Engines, has moved to develop India’s first Heavy lift Hybrid drones and it was launched in the ongoing Aero India 2019 with an aim to establish itself as industry leaders in providing propulsion solutions to Unmanned Aircraft Systems (UAS).

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Sugar rates steady

22 Feb 2019 | 1:13 PM

Kolhapur, Feb 22 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Friday to Rs 3280/3300 and Rs 3180/3200 per quintal respectively.

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Major currencies up

Major currencies up

22 Feb 2019 | 12:20 PM

Mumbai, Feb 22 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit.

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Rupee opens flat at 71 24 against USD

Rupee opens flat at 71 24 against USD

22 Feb 2019 | 12:09 PM

Mumbai, Feb 22 (UNI) The Rupee on Friday opened flat at 71.

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