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Uber, Mumbai Police Introduce 'Uber Breathalyser' to Regulate 'Don't Drink-and-Drive' Policy, Drinkers Book A Ride

Uber Breathalysers or also known as 'Alco Booth' are being installed in Mumbai pubs and clubs. This is a move from the Mumbai police and Uber to lessen the crime and accident rate due to drunk driving. If the drinker reached the allowable limit, Uber will book him a ride home.

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Daily Life At Nizamuddin Railway Station

Indian Railway Minister Suresh Prabhu Presents Fiscal Year Budget Amid Political Challenges

Suresh Prabhu, railway minister of India, on Thursday, unveiled the rail budget for 2016-2017 in the Lok Sabha. The minister increased the quota for women and senior citizens in railway coaches.

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Grabhouse

Indian startup Grabhouse helps people rent property without a broker

Mumbai, India-based real estate startup Grabhouse makes realty deals easier by helping young Indians find an apartment or flat for rent that is compatible with their needs without going through a broker.

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Asian Paints Ltd

Asian Paints picks up 51pct stake in Ethiopian paint maker Kadisco

Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.

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Unitus Seed Fund

Unitus backs Indian dental chain Smile Merchants' seed round

Unitus Seed Fund backed Mumbai, India-based dental clinic chain Smile Merchants with an undisclosed investment to develop the latter's hub-and-spoke system and fund its national expansion.

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Germin8

Germin8 pockets $3M in first funding to expand beyond India

Mumbai, India-based big data analytics startup Germin8 pocketed $3 million in its first funding round from Kalaari Capital to expand internationally and fuel sales, marketing, branding, and product development activities.

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Social Wavelength

JWT to pick up majority stake in Indian social media agency Social Wavelength

JWT, a New York, US-based operating company of advertising giant WPP, entered an agreement to pick up a majority stake in Mumbai, India-based social media agency Social Wavelenth for an undisclosed amount to expand its market reach.

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ASK Pravi Capital Advisors Pvt Ltd

ASK Pravi picks up $8M stake in Indian Clothing League

Mumbai, India-based private equity fund manager ASK Pravi Equity Opportunities Fund picked up a minority stake in Chandigarh-based children's clothing firm Indian Clothing League Pvt Ltd for INR50 crore ($8.08 million).

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Ankur Capital

Ankur Capital backs three rural startups in India

Mumbai, India-based impact investment fund Ankur Capital shelled out INR50 lakh for a 30% stake in each of the Indian rural startups cloud farm-management systems firm Cropln, home compost company Daily Dump, and eye-care service provider ERC.

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Dachis Group

Sprinklr buys Texas social analyics firm Dachis Group

New York, US-based social media management firm Sprinklr has bought Austin, Texas-based social analytics company Dachis Group for an undisclosed sum to obtain technology that will help their product accelerate in the market.

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Kimberley Diamonds Ltd

Kimberley picks up new Australian diamond project from Venus Metals for A$1M

Sydney, New South Wales-based mining and exploration company Kimberley Diamonds Ltd picked up the Argyle Smoke Creek diamond project from Mumbai, India-based firm Venus Metals Corp for A$1 million in combined cash and issued shares.

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Future Retail

JPSML Copthall acquires stake in Indian clothing firm Future Retail

JPSML A/c Copthall Mauritius Investment acquired a 0.6% stake in Mumbai, India-based clothing retail chain Future Retail for INR13.5 crore at INR91.88 apiece on the National Stock Exchange.

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Accor

French firm Accor plans on selling its full stake in Mumbai BKC hotel

Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.

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Balmer Lawrie & Co Ltd

Balmer Lawrie buys Indian travel venture Vacations Exotica

Kolkata, India-based public sector enterprise Balmer Lawrie & Co Ltd bought Mumbai-based travel venture Vacations Exotica including its employees and customers from Vacations Exotica Destinations Pvt Ltd for an undisclosed sum.

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Aster DM Healthcare

Aster Healthcare eyes $200M Mumbai or London IPO

Kerala, India-based healthcare service provider Aster DM Healthcare is in talks with investment banks for a $200-million initial public offering (IPO) in London or Mumbai within a year.

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