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Business Economy


T-Hub announces signing MoU with Choose New Jersey, VentureLink

Hyderabad, Sep 18 (UNI) T-Hub, which leads India’s pioneering innovation eco-system that powers next-generation products and new business models, on Wednesday announced that it has inked a tripartite MoU with ‘Choose New Jersey’, an economic development organisation and ‘VentureLink’, a community hub for technology companies at the New Jersey Institute of Technology for Northern New Jersey.

T-Hub will provide Indian growth-stage startups with business opportunities, market understanding and access to clients in New Jersey.

The three entities will collaborate in the areas of startup innovation, funding and entrepreneurship, T-Hub said in a release here.

Under the agreement, two individuals per startup will get complimentary space for two months.

The MoU will promote technology and investment exchange between New Jersey and India through collaboration between T-Hub, VentureLink, and Choose New Jersey.

The agreement will also enhance the global competitiveness of New Jersey and Indian startups and will support joint research and development in the areas of common interest between the parties.

Similarly, T-Hub will offer reciprocal services, as and when required, to VentureLink@NJIT members interested in exploring business and investment opportunities in India. T-Hub will also initiate the call for applications for startups to participate in this opportunity.

After a thorough screening process, high potential and growth startups will be selected based on the quality of technology solutions, product/solution readiness, revenue model and growth potential. They will get an opportunity to tap into one of the biggest fintech ecosystems in the world in New Jersey.
In the last five years, New Jersey has recorded over USD 60 billion in venture capital investments. Under the MoU, T-Hub will enable the selected startups to get direct access to relevant funding opportunities via VentureLink, the release said.
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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
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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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