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Business Economy


ACT Fibernet to power the startups in Karnataka with high speed broadband connectivity

ACT Fibernet to power the startups in Karnataka with high speed broadband connectivity

Bengaluru, Oct 25 (UNI) Atria Convergence Technologies Ltd. (ACT Fibernet), India’s largest fiber-focused wired broadband Internet Service Provider (ISP) has entered into an agreement with the Karnataka Government to provide the startups registered with the start-up cell with high speed broadband connectivity.

Under the agreement, the Bengaluru based ACT Fibernet will extend its best fiber optic technology to all the registered startups of the government’s startup cell, according to a release here on Thursday.

Speaking on the partnership, Minister for IT and BT K J George said “Bengaluru is the startup capital of India, and we have been strongly nurturing the startup ecosystem with policies and initiatives to help entrepreneurs and established industries flourish. I am extremely pleased that ACT Fibernet has come forward to extend their support and connect our startups with high speed broadband connectivity. This move will certainly help us build a more conducive environment for our startups to grow.”

ACT Fibernet Ltd CEO Bala Malladi said “It is our commitment to provide the best internet services to the startups and incubators and help them stay connected seamlessly.”

IT & BT Department Principal Secretary Gaurav Gupta said “When we speak about startups, Bengaluru holds the top position in the country, and to retain this momentum we make continuous effort to introduce policies and programs suiting their requirements."

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Gujarat-based Torrent registers 36 pc growth in Q2 net profit

23 Oct 2019 | 7:38 PM

Ahmedabad, Oct 23 (UNI) Gujarat based multinational Pharma major Torrent Pharmaceuticals Ltd (Torrent), on Wednesday recorded a net profit at Rs 244 crore in the the second quarter of the current fiscal, as against Rs 179 crore in Q2 of the last year, up by 36 per cent.

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Diwali gift: Gujarat dairies announce hike in procurement price

23 Oct 2019 | 6:52 PM

Himmatnagar, Oct 23 (UNI) In a Diwali gift of sorts for over six lakh milk producers of North Gujarat, Sabarkantha District Co-operative Milk Producers’ Union Limited (Sabar Dairy) and Banaskantha District Co-operative Milk Producers' Union Ltd ( Banas Dairy), two of the 18 dairies of Gujarat associated with brand Amul, have announced to increase their milk procurement prices.

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Banks sanctions loans worth Rs 327 Cr to 3177 customers during Customer Outreach prog

23 Oct 2019 | 6:04 PM

Hyderabad, Oct 23 (UNI) Banks have sanctioned loans amounting to Rs 327.

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Isuzu Motors India inaugurates 3S dealership facility of Mahavir in Bhimavaram

23 Oct 2019 | 5:54 PM

Vijayawada, Oct 23 (UNI) As part of its rural network expansion, Isuzu Motors India inaugurated a new 3S (Sales, Service & Spares) dealership facility of Mahavir ISUZU at Bhimavaram in West Godavari District of Andhra Pradesh, on Wednesday.

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India, Sweden enjoy strong relationship: Piyush Goyal

India, Sweden enjoy strong relationship: Piyush Goyal

23 Oct 2019 | 5:42 PM

New Delhi, Oct 23 (UNI) Commerce and Industry Minister Piyush Goyal said on Wednesday that India and Sweden enjoy a strong relationship and excellent cooperation in regional and international fora.

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