company

Athena to beam internet on earth

Athena to beam internet on earth
Facebook is working on an internet satellite project called ‘Athena’ to beam internet connectivity down to Earth. The company aims to launch the satellite in early 2019. The new satellite project will provide broadband internet connections to “unserved and underserved areas”.

Amazon hits $900 billion valuation

Amazon hits $900 billion valuation
Amazon.com’s stock market value reached $900 billion for the first time in its 20 year history. It has now become only the second company after Apple to achieve this milestone. The Current market cap of Amazon.com stands at $902 billion as of 18th July 2018. Apple is currently the world’s most valuable company with a market cap of $935 billion.

Nabard award to Repco Micro Finance Ltd

Repco Micro Finance Ltd, a non-banking finance company received Nabard 2018 award. The award is given service to self-help group in Tamil Nadu for the fiscal year 2017-18. The NBFC has disbursed loans amounting to ₹2,500 crore to over 10 lakh beneficiaries. NABARD Financial Services Limited is a subsidiary of NABARD to provide financial services in areas of agriculture & microfinance.

Nabard award to Repco Micro Finance Ltd

Repco Micro Finance Ltd, a non-banking finance company received Nabard 2018 award. The award is given service to self-help group in Tamil Nadu for the fiscal year 2017-18. The NBFC has disbursed loans amounting to ` 2,500 crore to over 10 lakh beneficiaries. NABARD Financial Services Limited is a subsidiary of NABARD to provide financial services in areas of agriculture & microfinance.

MF transactions through Facebook messenger

HDFC securities announced the launch of Mutual Funds (MF) transactional capabilities on Facebook Messenger through their virtual assistant, Arya. This makes the company the first broker in the Asia Pacific region for initiating a social media platform for trading mutual funds. This particular feature facilitates a quick overview of total portfolio holdings.

Gennova Bio gets patent to treat brain clots

The Pune-based biotech company has been granted a patent in the US for its version of drug tenecteplase, to treat brain clots (ischemic stroke), the 1st ever in the world. In India, Gennova has already started marketing Tenectase (tenecteplase) for ischemic stroke as an alternative to drug alteplase, which reduced the cost of treatment to ` 29000. The CEO of Gennova Bio is Sanjay Singh.

PepsiCo to help govt in recycling plastic

PepsiCo India decided to support the government’s implementation of extended producer responsibility for plastic waste bottles in Maharashtra. PepsiCo India has partnered with Gem Enviro Mgmt to set up reverse vending machines for the collection & recycling of plastic bottles in the State. The company has also piloted a ‘Film to Fuel’ project to convert packaging film waste into fuel.

Microsoft signs MoU with Rajasthan Government

Microsoft signed a MoU with the Rajasthan Government to provide free digital training to 9,500 college students in one year. The initiative was taken for the enhancement of digital learning and capacity building of college students in the state. The company will run MS office specialist training programme in 50 government colleges from August which will benefit 9,500 students.

T.K Chand gets knowledge excellence award

Dr. Tapan Kumar Chand received the Knowledge Excellence Award from Secretary, Mines, Govt. of India for Outstanding Contribution in Aluminium Knowledge domain. Chand is an Indian mining veteran and is the Chairman cum Managing Director of National Aluminium Company (NALCO). NALCO is the largest integrated aluminium unit in Asia and is also one of the largest aluminium complexes of the world.

IndiaFirst Ties Up With Oxigen

India First Life Insurance Company Limited, a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK), has announced its tie-up with Oxigen Services India Pvt. Ltd. It will establish the distribution of its insurance products at Oxigen retail outlets. Oxigen is one of the leading providers of money transfers and prepaid recharges as low as ` 10.