SBI, IIT Bombay sign MoU to aid financial start-ups
The Dollar Business Bureau State Bank of India (SBI) has partnered with Society for Innovation and Entrepreneurship (SINE) to promote innovation by start-ups in the financial sector. SINE is the technology business incubator hosted by Indian Institute of Technology (IIT) Bombay. A memorandum of understanding (MoU) was signed at SBI’s Global IT Centre by IIT Bombay Director Professor Devang Khakhar and SBI Deputy Managing Director and Chief Information Officer Mrutyunjay Mahapatra in Mumbai on Tuesday. According to the bank, this MoU is a first of its kind in India which will help in the evaluation of start-ups operating out of and promoted by SINE for engagement with SBI in the commercial exploitation of new age digital concepts, products and services. The country’s largest bank has commenced ...
Aero India a launch pad for domestic defence manufacturing sector: PM
Jayarama Emani | The Dollar Business The 10th edition of Aero India kicked-off in Bangalore today with Narendra Modi, Prime Minister of India, formally inaugurating it. Speaking at the event which had participation from 250 Indian companies and more than 300 international firms, Modi said, “For me this is not just a trade fair for defence equipment, but a platform to launch India’s defence manufacturing sector.” Stressing the need for a strong defence industry, Modi said that investments in defence can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country. Turning his focus on his pet project, ‘Make in India’, the PM said that India’s defence industry in private sector though small, ...
