Thursday, Mar 4 2021 | Time 21:08 Hrs(IST)
  • Assam to promote students from class 1 to 9 without examination
  • NASSCOM launches Deep Tech Club 2 0
  • Assam: Congress promises to give 5 lakh jobs to people
  • Familiar foes Goa and Mumbai City collide in playoff curtain-raiser
  • Jharkhand Budget Session: BJP MLAs create uproar over illegal mining
  • Headmaster arrested in bribery case in Aurangabad
  • Food prices up, oil and sugar at multi-year highs in Feb: FAO
  • WTT Contender: Indian challenge ends as Sharath Kamal bows out
  • WTT Contender: Indian challenge ends as Sharath Kamal bows out
  • Shivraj Chouhan receives first jab of COVID-19 vaccine
  • Bihar Govt announces separate department for skill and entrepreneurship
  • AP CM directs officials to expedite construction of Anganwadi centres
  • Jharkhand: Jilted CRPF jawan attacks nine family members of alleged girlfriend, 4 serious
  • ED files prosecution complaint against Himachal based company in a fraud case
  • Vigilance bureau registers enquiry to expose malpractices in records of food items samples
Business Economy

KSL to launch maiden start-up program

Kolkata, Jan 05 (UNI) Kotak Securities Limited (KSL) today announced the launch of its maiden Start-up Investment and Engagement Programme. Through this programme, KSL will be incubating & investing into innovative fintech and technology start-up companies.

Kotak Securities has set up an exclusive Corporate Development Department (CDD) for this initiative and an initial investment corpus of Rs 50 crore, a company release issued here said.

Jaideep Hansraj, MD & CEO, Kotak Securities, said, “In today’s fast paced world of rapid advancements in technology, we need to be ahead of the curve in terms of product offerings to our customers. Broking and distribution business has become more of a technology play, and this has gained further prominence in the new normal. We strongly believe technology innovation will gauge the competitiveness of a broking firm; however, developing technology involves money and time. It is with this purpose that we have launched our investment and engagement programme where we will partner and pick minority stake in fintech companies that makes strategic sense to Kotak Securities.”

Shripal Shah, President – Head Operations, Finance and Technology, Kotak Securities, said, “Kotak Securities will evaluate opportunities of investing, partnering and incubating start-ups and for the right idea, we are willing to back the promoters and take strategic equity stake in the startup. While we get access to some exciting technology plays, start-ups get the advantage of product validation, mentorship and institutional capital.”

KSL will launch incubation/accelerator programmes, hackathons, networking events, pitching sessions and demo day programmes for early stage start-ups in-house as well as with other incubator/accelerator groups. There will be a dedicated section on the KSL website where interested start-ups can register and submit innovative ideas and products for evaluation and find various updates under this programme, the release added.
More News

NASSCOM launches Deep Tech Club 2 0

04 Mar 2021 | 8:39 PM

Kolkata, Mar 4 (UNI) In an effort to boost India’s tech start-up ecosystem, the National Association
of Software and Services Companies (NASSCOM), on Thursday announced Deep Tech Club (DTC) 2.0; the second edition for its DeepTech Mentoring program, an initiative to nurture and promote
Indian DeepTech products solving global problems.

see more..

Tata Motors launches the Tiago XTA

04 Mar 2021 | 8:37 PM

Kolkata, Mar 04 (UNI) Tata Motors today announced the launch of the new XTA variant of its successful hatchback – the Tata Tiago, at a starting price of INR 5.99 Lakhs (Ex. Showroom Delhi).

see more..

Paytm Money becomes India's growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY'22

04 Mar 2021 | 8:36 PM

Kolkata, Mar 04 (UNI) India’s homegrown digital financial services platform Paytm, today announced that its wholly-owned subsidiary 'Paytm Money' is targeting over 10 million users and 75 million yearly transactions in FY'22.

see more..

Maruti Suzuki Vitara Brezza becomes India’s fastest selling compact SUV to clock 6 lac sales; achieves feat within 5 years of launch

04 Mar 2021 | 8:12 PM

Gurugram, Mar 04 (UNI) India’s best-selling compact SUV, Maruti Suzuki Vitara Brezza, sets yet another remarkable milestone, clocks 6 Lakh sales within a short time span of 5 years. Since its launch in 2016, Vitara Brezza has been the undisputed market leader in the compact SUV segment with its enhanced sportiness, bolder SUV looks, stronger stance, premium interiors and host of features. Its dominance over the segment is evident from the fact that it has not only emerged as the fastest selling compact SUV in the country, but also the most awarded compact SUV.

see more..

DSP Investment Managers launches DSP Floater Fund

04 Mar 2021 | 8:00 PM

Kolkata, Mar 04 (UNI) DSP Investment Managers Private Limited has announced the launch of DSP Floater Fund (the scheme), an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS) to help investors better navigate interest rate cycles.

see more..