RIL and Microsoft to partner for accelerator
Reliance Industries Limited announced a partnership with global IT company Microsoft, to incubate Indian startups with seed capital, technology and mentorship reports the Economic Times. While the exact nature of the tie up was undisclosed, and this development hasn’t been confirmed, the story suggests startups selected will be funded through RIL’s early stage venture capital firm, Covascis Technologies Pvt. Ltd and Videonetics Technology Pvt. Ltd. Microsoft currently operates accelerators in nine countries including UK, US, France, Germany, Israel, Brazil, China and India where it recently inducted twelve startups for the fifth batch of its accelerator program.
mGaadi adds more rickshaw drivers
Online rickshaw hiring service mGaadi has increased the number of drivers under its wing reports the Business Standard. The service currently operates in Bangalore and lets users book autos via its Android app, Windows phone app, desktop browser or by calling. Founded in 2013 by Solomon Prakash and Vishy Kuruganti, mGaadi had raised an undisclosed amount in funding from Unitus Seed Fund earlier this year in May.
Prashant Radhakrishnan joins Simplilearn
Online training institution Simplilearn.com appointed Prashant Radhakrishnan as the company’s new Chief Sales Officer. Radhakrishnan has previously worked with companies like Infosys, Dell and Fabmart.com and has over 17 years of experience in sales and marketing. His last stint involved setting up his own healthcare and e commerce startup. Simplilearn currently offers professional certification courses in the fields of project management, IT service management, big data and cloud computing, IT security management, finance management, quality management, SAP/Microsoft/Cisco certification, salesforce training and agile and scrum certification. The company claims that all its courses are accredited and approved worldwide.
IRCTC limits online customers to two tickets during peak hours
IRCTC has limited the number of tickets that can be booked on its website via a single IP, between 8am and 10am, to ‘two-tickets only’, obstinately to stop agents from mass booking. The two ticket rule applies to all trains, even if the bookings are made 60 days in advance, reports the Times of India.
Unfortunately though, the short sighted move backfires spectacularly, as most agents work in groups sitting together from different IP addresses, hardly curbing their ability to make mass bookings. The plan instead only causes inconvenience to those who want to book tickets for their entire family.
Sivasankaran files for bankruptcy
NRI telecom businessman C Sivasankaran has filed for bankruptcy protection in a Seychelles court after Bahrain based telecom company Batelco won a court decree to claim $212 million from him, based on his personal guarantee in an investment in S Tel, reports ET Telecom. Batelco had previously invested $175 million in the now defunct telco S Tel for 42.7% stake, on the basis of Sivasankaran’s guarantee. In February 2012, as a part of the investigation of the 2G scam, S Tel and 121 other permit holders lost their licences on the orders of the Supreme court.
FreeCharge appoints Ninad Y. Takpere as Chief Business Development Officer
FreeCharge has appointedNinad Y. Takpere, as the Chief Business Development Officer. Ninad was previously the Business Head for TimesDeal.com – a couponing site owned by Times Internet Ltd*. Prior to TimesDeal.com he worked with Rediff.com as National Sales Head, and has worked with GE Money and Reliance Life Insurance Company. He has over 14 years of leadership experience in Digital medium and BFSI industry. At FreeCharge, Takpere’s mandate includes growing companies business around couponing & promotions space.
Disclosure: Times Internet is a MediaNama advertiser