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Business Economy


Focus on 7bn strong global market: NITI Aayog to investors

New Delhi, May 18 (UNI) NITI Aayog Chief Executive Officer Amitabh Kant on Friday urged the investors to focus on India to not just target one billion people but to build solutions in India for the seven billion strong global market.
Speaking at the inaugural session of the three-day Venture Capital Symposium here on Friday, Mr Kant exhorted the startups to utilise their funds more effectively by investing in India, which has the ‘3D advantage’ of demographic dividend, demand & democracy.
NITI Aayog in association with Vision India Foundation is organising the Venture Capital Symposium 2018 to deepen the economic relationships between France and India.
During the event French investors will be interacting with 100 early to mid-stage Indian start-ups.
Mr Kant, who focussed on the Indian Start-Up ecosystem also showcased India’s entrepreneurial might and the strides taken in innovation for solving the challenges faced by the country.
This event was attended by various investors from France including Safran Ventures, Eren Group, Luxury Tech, Fahsion Capital, Educlever, Olymp Capital, Affectio Familiae, Brands and beyond, Galileo Partners, Winevestworld, TNP, Claranova among others.
Four investor groups - Eren Group, Claranova, Olymp Capital and TNP - made announcements of setting up offices in India and commitments to invest in various sectors such as energy, aerospace, blockchain and Internet of Things.
The event facilitates interactions between French investors, Indian investors, Indian start-ups and critical government functionaries. The French investors will explore the investment landscape as well as the socio-cultural richness of India.
The Venture Capital Symposium 2018 aims to support the Start-up India programme that was launched by the Hon’ble Prime Minister of India. The three day symposium is being organized by NITI Aayog and Vision India Foundation is the Knowledge Partner for the event.
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IBM Services Collaborates with Lotte Card to Adopt A Hybrid Cloud Strategy To Help Transform Core Financial Accounting Systems

04 Jun 2020 | 2:26 PM

ARMONK, New York, June 4, 2020 /PRNewswire/ -- IBM (NYSE: IBM) announced today that the Korean credit card company, Lotte Card, which services a wide network of retailers including department stores, hypermarkets and cinemas, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.

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Innovitis AI Platform Sparcs to Provide Customers an X-ray View Into Payment Operations

04 Jun 2020 | 2:25 PM

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Rupee down by 11 paise against USD

04 Jun 2020 | 2:21 PM

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EESL and GAIL sign a MoU for Trigeneration projects

04 Jun 2020 | 1:52 PM

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UST Global names to list of Everest Group's PeaK Matrix Top 20 IT service providers

04 Jun 2020 | 1:40 PM

Thiruvananthapuram, Jun 4 (UNI) UST Global, a leading digital transformation solutions company, announced that it has been named to the list of the Everest Group’s PEAK Matrix Top 20 IT Service Providers of the Year 2020.

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