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April 26, 2018:
1.    The Government of India and the World Bank today signed a $125 million agreement to support India in developing an innovative biopharmaceutical and medical devices industry,
2.    Indian Railways will soon cover almost 90% of India’s railways stations under wi-fi network.
3.    The Indian ecommerce think tank, headed by Commerce Minister Suresh Prabhu, may finalise the framework around ecommerce policy in the next six months.
4.    Niti aayog will soon invite applications for Atal New India Challenge under which it will provide grants of upto Rs 1 crore (USD 160,000 appx.) to the applicants showing capability, intent and potential to productize technologies
5.    Tata Industries Ltd, a subsidiary of Tata Sons, has announced that it will sell its e-learning solutions unit, Tata Interactive Systems, to Noida-based publishing services company MPS Ltd.
6.    Ola has set up a Safety Council with an aim to further strengthen the mobility safety ecosystem in the country.
7.    Katapult Accelerator is inviting startups from India to apply for its third cohort.
8.    IDG Ventures, YourNest invest $2mn funding round in robotics startup emotix
9.    Online travel marketplace TripShelf has raised fresh funding of Rs 1.6 crore ($240,000) from a group of professional investors.
10.    Artificial Intelligence (AI)-powered "SocialMob," a music and content app, on Monday announced its official launch in India.
11.    Bengaluru-based startup research firm Tracxn Technologies Pvt. Ltd has raised more money in a fresh round of funding, reported VCCircle.
12.    Grofers starts last mile delivery through third-party business partners, reported Entrackr.
13.    SoftBank is reportedly transferring its $20 billion worth portfolio of ride-hailing firms including Uber, Ola, Didi Chuxing, Grab and Brazil’s 99 to SoftBank Vision Fund, reported FT.
14.    Payments startup Simpl has appointed Prashant Kashyap as Senior Vice President.
15.    Hyperdata.IO, Hyderabad-based Sales-Tech Startup, raises Investment from CCube Angels Network.
16.    San Francisco and Bangalore based developer tools startup, Hasura raises $1.6 million in seed funding from Nexus Venture Partners and GREE Ventures.

 

Keywords: Investing in India, investment deals in India, investing in technology sector in India

April 14, 2018: ‪On April 11, 2018 USCIS Completed the H-1B Cap Random Selection Process for FY 2019.‬ ‪ Comparison on volume of H-1B petitions filed:‬ ‪1) 2015 – received 233,000‬, 2) ‪2016 – received 236,000‬, 3) ‪2017 – received 199,000‬, 4) ‪2018 – received 190,098‬

April 9, 2018: India and the US will hold bilateral talks on April 11 at the World Trade Organization (WTO) Geneva regarding Washington’s complaint alleging discriminatory export subsidies given by New Delhi. Read more

March 31, 2018: “India’s lack in the manufacturing sector could work against it, as it doesn't have the jobs essential to sustain the projected growth in demography.” said Paul Krugman, Nobel Prize Winner in 2008. This may mean more incentives for foreign companies to manufacture in India. Read more

Hyderabad and Pune are the best cities to live in India, according to Mercer Quality of Living Rating 2018. The city of Nizams bagged the top spot for the fourth year running, thanks to its pleasant climate and relatively low crime rate. Hyderabad shares the top honours with Pune, which has jumped three places due to its "averagely good housing facilities and good availability of consumer goods for international employees”. Globally, the two cities feature at the 142nd spot, with Bangalore, Chennai, Mumbai, Kolkata and Delhi ranked much lower. Indian cities have improved their living standards over the last two decades on the back of investment in physical infrastructure including airports and public transport, the report says.

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