Reportedly the Airport Authority of India (AAI) has started a year-long study to analyze air traffic, slot distribution and infrastructure at six major airports Hyderabad, Bengaluru, Delhi, Mumbai, Chennai and Kolkata in order to improve the mechanism of slot allotment, said its senior officials. A slot is a specific date and time at which an airline can arrive or depart at an airport.
Facebook released its digital asset just a few days ago and there is already a lot of talk and confusion among the people who do not know a lot about digital currencies. Libra is being touted as a bold move by Facebook that will bring cryptocurrencies to the mainstream and take on Bitcoin which is created by an unknown person or a group of people who go by the name 'Satoshi Nakamoto'.
The Reserve Bank of India (RBI) will look into concerns about data storage rules that have been raised by companies, a government statement said on Tuesday, months after entities such as Mastercard and Visa were forced to store more of their data locally in the country.
Taxpayers registered under goods and services tax (GST) are all set to file their annual returns in the form GSTR-9 for the first time this June. The annual return is a compilation of data filled in the monthly and quarterly returns, and the onus lies on the taxpayer to ensure that this data matches with the annual return that is being filed. Likewise, the data is also required to tally with the books of accounts
Reportedly three years ago, yoga guru and entrepreneur Baba Ramdev was riding high.
The consumer goods empire he co-founded had tapped into a wave of nationalism after the election of Prime Minister Narendra Modi. Customers were snapping up Patanjali Ayurved's affordable, Indian-made products such as coconut oil and Ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.
The S&P BSE Sensex and NSE Nifty 50 Indexes rose for third day in a row led by gains in banking, metal, energy and oil & gas shares. ICICI Bank, Reliance Industries, Tata Consultancy Services, IndusInd Bank and State Bank of India were among the top movers in the Sensex. Earlier in the day, the benchmarks opened higher but later gave up gains owing to weakness in select FMCG and capital
Air India is offering discounts on selected flight tickets in a limited period offer. Bookings under the sale which is valid for travel till September 30, 2019 can be made till June 15, according to the airline's website, airindia.in. The discounted fares are available for travel on AI 911/AI912 Mumbai-Dubai-Mumbai and on AI 915/AI 916 Delhi-Dubai-Delhi flights.
Accordingly Rajnish Kumar, Chairman, SBI said, "The RBI policy decision to change the policy stance to “ accommodative” will simultaneously help the financial system to navigate to a lower term structure of interest rates and also accommodate growth concerns. On the regulatory front, the decision to lower the Basel III Leverage Ratio will augment the lendable resources of the Banks. Also
Starting a business is never easy. Right from setting up supply & demand to company registrations, tax filings and other obligations — only an entrepreneur can know the pain. In the cloud of multiple tax filing solutions, one name is making quite a buzz. Vasantham Advisories, also known as VadVis, has been reshaping the taxfiling industry. Founded by Mr. Ragunathan S. J., the company is defined
The Modi Government has moved to revamp its post matric scholarship scheme to bear a majority of financial burden of the social welfare initiative.
The ministry of social justice and empowerment is likely to move the Cabinet to completely revamp its major welfare scheme for Scheduled Castes. So far, the scheme was working on committed liability principle, whose major financial burden fell on the state. The Centre would release funds at the end of a
SpiceJet plans to hire up to 2,000 staff, including pilots and cabin crew, of the defunct Jet Airways as the no-frills carrier continues to expand its operations. The airline has taken at least 22 planes that were earlier used by Jet Airways, which temporarily shuttered its operations due to cash crunch in April.
An Exclusive Story Board of Sri City was telecast on NDTV-Profit
Sri City, June 3, 2019:- Sri City bagged India's Most Admirable Brand-2019 award from ‘The Brand Story’, an NDTV initiative. A team of ‘The Brand Story’ officials visited Sri City and presented the award to Mr. Ravindra Sannareddy, Founder Managing Director, Sri City.
According to sources IT services major Tech Mahindra May 30 said it has partnered Cisco to deploy digital solutions of the US based company at its Hyderabad campus. "This new deployment builds on a long-standing partnership between Tech Mahindra and Cisco that will help drive outcomes around automation, analytics and security in Tech Mahindra's Off-Shore Development Centre (ODC) which serves 106 customers globally”.
There are reports that Yes Bank is likely to exit the asset management business as it believes that scaling up operations amid intensifying competition could be difficult, said people familiar with the plans and the bank could either sell the business. But the reports have been denied.
Reportedly the impression is that Narendra Modi was a right-wing Prime Minister, who turned left to win the 2019 elections. But is that so? If anything, the stupendous victory on Thursday is the biggest rebuttal to the notion that it’s only Congress’s left-of-centre liberal socialism which has answers to a multitude of problems of India’s poor.
Reportedly Mutual fund houses so far were not permitted to invest in commodities other than gold. At most, a few fund houses had thematic funds investing in the equity of companies engaged in the commodities business. But that is set to change with SEBI issuing final guidelines on May 21, 2019, permitting MFs to invest in exchange-traded commodity derivatives, with an aim to deepen the nascent commodity market.
Seeking long term travel commitment, Tata Group joint venture Air Asia India plans to tie up with about 200 companies in the next few months, offering them a slew of benefits, including flexibility in last minute flight change and onboard meals. The aggressive business pitch is set to help the low cost carrier widen its customer base before launching maiden international flights by year end.
London-based AdiGro Group, the parent company of AdiGro Aviation has offered to restart the Jet Airways' operations by July 1. The company which is one of the unsolicited bidders for Jet Airways has proposed to resume its operations with eight to nine thousand employees and 70 aircraft. Sanjay Viswanathan,
Reportedly hacked and the personal data of more than 4,000 potential blood donors compromised in the latest cyber attack on the city-state. Singapore, one of the world's most digitally advanced countries, has been the target of multiple high-profile hacks in recent times, including the theft last year of 1.5 million citizens' health records.
Accordingly we have made disproportionate efforts to keep Jet flying," said SBI Chairman Rajnish Kumar. The SBI announcement comes even as Jet's offices are being vacated at many airports across the country and employee access is being revoked. Aviation industry sources reportedly said earlier on Thursday that the stake sale process is unlikely to get any "serious bid" from investors.
As per report Finance Minister Arun Jaitley said in a big relief to home buyers, the GST Council on Sunday slashed tax rates on under construction housing properties to 5% without input tax credit, from the existing 12%. Meanwhile the Council also cut GST rates on affordable housing to 1% from the current 8% and expanded the scope of affordable housing to those costing up to Rs. 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non-metro cities.
As per report Indian Railways has certain luggage carrying rules under which each passenger is allowed a free allowance up to which he/she can carry luggage in the compartment. The free allowance varies for different classes of travel, said Indian Railways on its website, indianrail.gov.in. However, passengers can book and carry excess luggage beyond the free allowance limits in the compartment up to a maximum limit according to the class of travel.
Who can send/receive money using SBI's online service IMT
A person can remit funds through State Bank of India's Instant Money Transfer service using a debit card of the lender. The beneficiary the person to whom the funds are sent can withdraw the whole amount at once from select SBI group ATMs without using a debit card, according to the SBI internet banking portal.
Given that it is not the first such suit against the IT firm, rather its third after the Epic Systems case, and the Simonelli Innovation Inc case that was later dismissed by a Texas court, analysts say the incident does raise questions about lackadaisical view Indian firms have on intellectual property (IP), lack of guidelines and enforcement for the same.
The rupee on May 6 fell by 18 paise to close at 69.40 against the US dollar as renewed trade war worries following US President Donald Trump's threat to raise tariffs on Chinese imports sent markets into a tailspin and triggered flight of capital to safe bets. Foreign investors were net sellers in capital markets Monday selling assets worth Rs 948 crore on a net basis, provisional exchange data showed.
Accordingly in a first in recent history of tax filings, income tax e-filings in FY19 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetization.
Reportedly while other domestic as well as international airlines have hired some Jet Airways employees, it is still a small chunk of those who were employed the debt-ridden company. Let's take a look at the number of Jet employees absorbed by other players in the aviation sector so far.
As per report Amazon.com Inc's India unit saw a 56 per cent rise in the number of local merchants selling to international markets, hitting export sales of over $1 billion, the company said on Tuesday. Indian merchants were exporting more than 140 million products on Amazon's app and website, with cumulative sales expected to top $5 billion in the next four years, country head Amit Agarwal told reporters in Bengaluru.
Mumbai sources reported that Ravneet Gill, the new chief executive at Yes Bank wants to increase focus on compliance and governance two critical areas in which his predecessor Rana Kapoor was found wanting to ensure that the bank is on the side of regulator. This indicates that Gill is not only cleaning up the balance sheet which saw the fifth largest private sector lender announcing the first ever loss
According to sources the benchmark BSE Sensex surrendered early gains Wednesday to end in the negative terrain after a 600 point swing amid escalating cross border tension between India and Pakistan. Investor sentiment took a beating after Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir's Poonch and Nowshera sectors, experts said.
Reportedly some of Jet Airways' grounded planes are likely to start flying by as early as Tuesday next week. SpiceJet is said to take around 40 of Jet Airways' Boeing 737s and Air India is likely to take five of the airline's wide-body Boeing 777s. Some Boeing 737s might be taken by Air India for its budget carrier, Air India Express.
Reportedly some senior employees at Tata Consultancy Services were left disappointed when the company gifted them wrist watches on completion of 50 years. A number of vertical heads, who were expecting cash bonus or Tata products such as jewelry, homes, and cars, got Titan wrist watches instead, reported The Hindu. Tata Consultancy Services (TCS) announced its long-awaited 50th-anniversary gift for its employees
Mumbai sources reported that Reliance Jio Infocomm’s fiber network unit is rising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and internet services providers.
According to sources Uber Technologies Inc. and its bankers will hit the road this month with one big name on their lips as they try to entice investors with favorable comparisons to businesses that it seeks to imitate or surpass. That name is Amazon.com Inc. Amazon was a money-losing internet bookseller attacking the brick-and-mortar fortress of Barnes & Noble Inc. at the dawn of e-commerce
According to sources Jet Airways India Ltd’s fleet has shrunk by almost 90 per cent as the cash-strapped airline struggles to find funds to operate, forcing the nation’s oldest surviving private airline to drastically curtail its scheduled flights amid a hunt for a new investor. Meanwhile the carrier, once India’s
Accordingly Indian Oil had stopped the fuel supply around noon today (April 5) but was restored at around 5 pm after the airline assured the oil firm of payment of dues. A major crisis was averted at the cash-starved Jet Airways after national oil marketing major Indian Oil Corporation (IOC) resumed fuel supply to the airline, which was halted earlier in the day due to the non-payments.
According to sources Food delivery and restaurant discovery company Zomato has recorded $206 million (about Rs 1,339 crore) in revenue for FY19, a three-fold jump in top line on-year, driven primarily by its core food delivery business. Meanwhile in its annual report for 2018-19, the Gurgaon based
Mumbai sources reported that Veteran industry leader Ratan Tata said it takes long to really understand a business leader, even though there can be an immediate admiration. Accordingly Tata, who emitted office as the executive chairman of the over USD 100 billion conglomerate in 2012, said he does not intend to join politics.
Accordingly the Nikkei India Manufacturing Purchasing Managers Index is the latest piece of high frequency data on the economy available to the Reserve Bank of India's Monetary Policy Committee before they take a decision on whether to cut the policy rate further, at their meeting from April 2-4.
According to sources from Titan Company Ltd its Chief Financial Officer Subbu Subramaniam told Bloomberg Quint in an interview confident of expanding its market share in the jewelry business even as the industry is struggling with liquidity squeeze and higher gold prices.
Accordingly bankers to Essar Steel India Limited will not be able to receive ArcelorMittal’s payment for the company by March 31 despite a meeting of Committee of Creditors (CoC) currently underway, the counsel for the lenders told the National Company Law Appellate Tribunal (NCLAT) on Wednesday. A meeting of the Essar Steel CoC is currently ongoing to consider redistribution
According to sources shares of DLF rallied by 7 per cent to Rs 202 in intra-day trade on the BSE on Tuesday after the real estate developer on Monday announced the launch of a Qualified Institutional Placement (QIP) program to raise Rs 3,175 crore. The stock was trading close to its 52-week high of Rs 226 touched on April 27, 2018 in intra-day trade.
As India gears up for the 12th season of the grand cricket bonanza, GrabOn is back with the 5th edition of the fan-favorite event - Cricket Fantasy League #GrabTheCup. For the uninitiated, the basic aim of Fantasy Cricket League is to choose players from various participating
As per latest report it was stated that Reliance Communications Enterprises has pledged 4.52 percent of its holding in Reliance Communications (RCom) amounting to 12.50 crore shares with IndusInd Bank Ltd, according to a regulatory filing.
According to sources in another blow to the beleaguered Jet Airways, 260 pilots of the airline appeared for a walk-in interview session organized by Spice Jet. Meanwhile sources told that 260 pilots, including 150 captains, came for the interviews organized at Mumbai for Boeing 737 rated captains, non-type rated captains and first officer with frozen airline transport pilot license (ATPL).
Accordingly oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. Meanwhile US sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by rising American output.
After beating drums and shouting aloud may have a lot of dramatic value to attract potential bidders, but capital markets regulator Sebi feels these archaic methods for recovery of funds through the sale of attached assets are outdated and there are several newer alternatives that can yield better results. Meanwhile the 'outdated' provisions have caught the eyes of the Securities and Exchange Board of India
According to sources it was stated that the annual rate of inflation, based on Wholesale Price Index (WPI), rose to 2.93% (provisional) for the month of February compared with 2.76% in the previous month, government data showed. At 2.93%, the wholesale price inflation in February was higher than economists' estimates. Economists in a poll conducted by news agency Reuters had expected the WPI inflation at 2.88%.
Accordingly with oil prices on the boil just as general elections are announced, Oil Minister Dharmendra Pradhan has asked world's largest oil exporter Saudi Arabia to play an active role in keeping rates at a reasonable level. Reportedly Petrol and diesel prices have risen by over Rs 2 per liter in last one month as international rates have risen on hopes of the United States and China ending a trade war
Accordingly the Reserve Bank of India may disallow credit rating agencies from the dual role of being adviser cum rating agencies for companies. Meanwhile the move aims to prevent such entities from making biased assessments about the financial condition of their clients and restrict conflict of interest that may step in.
As per report Bharti Airtel said on Thursday its promoters would take part in the $4.57 billion capital infusion plan by subscribing to its rights issue. Meanwhile the Promoter Singapore Telecommunications Ltd (Singtel) will subscribe to 17 crore shares in the Airtel's rights issue for a total consideration of Rs. 3,750 crore ($535.89 million), the Singapore based company said in a separate statement.
According to sources the company's Chairman and Managing Director Suresh Narayanan told
Nestle India does not intend to raise royalty payout beyond 4.5% and the remark comes even as shareholders were waiting to see whether Nestle India will seek minority shareholders' approval to pay over 4.5% in royalties. Royalty is a sum paid to a patent for use of a patent. Narayanan said "There has been no discussion on this".
According to sources a prime supporter of demonetization and member of the Reserve Bank of India, S Gurumurthy once again called the biggest monetary decision taken by the Modi government a correct. Gurumurthy said that demonetization was very important. He, however, agreed that the move had some ill-effects too.
As per latest report in Delhi, gold of 99.9% and 99.5% purities advanced by Rs. 360 each to Rs. 34,830 and Rs. 34,680 per 10 grams, respectively and furthermore the gold prices on Wednesday had dropped Rs.210.
According to sources IRCTC or Indian Railway Catering and Tourism Corporation, which handles the catering, tourism and online ticketing operations of the Indian Railways, also offers the option of ticket cancellation via its official website- irctc.co.in or mobile app. Meanwhile after the confirmation of cancellation, the refund is credited back to the account used for booking of the ticket.
Sources told that the Anil Agarwal led Vedanta may make another attempt at buying Essar Steel. But this time, it won't be alone but may partner Sajjan Jindal JSW Steel. Meanwhile t he two companies may come together and put in a joint bid of about Rs 47,000 crore, said an industry executive. The executive said "But a final call is yet to be taken".
Animal Planet, India’s No. 1 Wildlife channel, has joined hands with L&T Metro Rail (Hyderabad) Limited (L&TMRHL) to sensitize citizens of Hyderabad about the importance of Tiger Conservation. Starting February 13, 2019 for a month, Animal Planet & L&T Metro Rail Hyderabad will be running a campaign highlighting the alarming situation of global tiger population
A first of its kind, fully practical, hands-on farming training course offered in India, to promote organic, spiritual and vriksha ayurveda systems of farming with focus on integrated sustainable farming and high value crops multi cultivation systems, without charging any fee from trainees.
An entrepreneurial mind always sees the big picture and actively seeks ideas that can solve a problem, impacting thousands of people. Oakridge in association with Metamorphosis brings Schoolpreneur Summit 2018 to Hyderabad on 22nd December. Being India’s biggest
India is stepping towards building Smart Cities. And there is a lot happening in the Internet of Things (IoT) space, the technology which enables Smart Cities & Smart Applications. By empowering several domains including Smart Homes, Agriculture, Industries, Environment, Health and more, Smart Applications
New age insurance company, Acko General Insurance, today announced a strategic tie-up with UrbanClap, a mobile-based services marketplace. Acko has developed an accident insurance product for top performing UrbanClap professionals, also referred to as ‘partners’. UrbanClap has a robust
Brick & Mortar retail is one of the biggest contributors to India's GDP as it comprises nearly 92% of total retail trade in the country which is worth $660 billion. However, this sector is under constant threat because consumers are preferring online shopping due to the convenience offered by e-commerce websites.
IDAP Global Introduces the First Complete Derivatives Ecosystem for Crypto Assets Following the widespread approbation of their white paper on ICO for its candor, depth and transparency and on the development of the platform itself, IDAP Global is now gearing up to introduce the first complete Derivatives Ecosystem for Crypto Assets.
Ozone Enterprise Group, an Everstone Capital PE equity funded leading player in the Architectural Hardware industry has announced an investment of over Rs. 100 Cr in the next 2 years on diversification into the fast growing Security & surveillance and IoT (Internet of things) industry
More than Half of Indians Living Blended 'Hybrid Lives' - "Live Life" Survey by American Express Referring to the survey findings, Manoj Adlakha, CEO, American Express Banking Corp., India said, “As a global business with an India presence spanning more than 90 years, we’ve witnessed the transformation in the lives of our customers. The Live Life survey highlights the shift from work life balance to work life integration. Our respondents have shared rich insights on their changing outlook and ex
The new facility is part of the company’s initiative to expand its business horizon in the western part of the country. According to the management of Apaar Packaging, this initiative would also help the company to complement its services with the existing clientele, who have recently expanded their business in Gujarat.
Halonix Technologies Pvt. Ltd., one of the country’s most progressive and environment friendly lighting companies is all set to launch a wide range of Smart Lighting products. The company also plans to break into newer markets and achieve over 20-22% YoY growth rate with an aim to realize INR 10 billion revenue in next five years, said Mr. Rakesh Zutshi, Managing Director, Halonix Technologies Limited.
Abhay V. Udeshi Appointed as International Castor Oil Association President Abhay V. Udeshi Director at Jayant Agro Group, manufacturer of castor oil has been selected by International Castor Oil Association (ICOA) for the position of its President. He will be succeeding Marjorie Klayman. The announcement was made in the recently held Annual General Meet in Stockholm, Sweden.
PHDCCI Delegation Visits Nepal to Activate India-Nepal To deepen the footprint of PHD Chamber of Commerce and Industry (PHDCCI), a delegation visited Nepal on June 12-14. The PHDCCI delegation was lead by Anil Khaitan, President – and among the other delegates were, Saurabh Sanyal, Secretary General; Ambassador K.V. Rajan, Convener - PHDCCI Ambassadors' Economic Forum & India-Nepal Centre.
The Journey of Volty Iot Solutions which started in 2013 by Konark Chikupally CEO and founder had a smooth Sail and set a bench mark for its quality product.
Volty IoT Solutions is one of few companies in India and Sole in Andhra Pradesh and Telangana, that designs, develops and manufactures Smart GPS Tracker or Advanced Tracker devices on its own that includes even Customization.
Migsun Group, the Leaders in Affordable Housing Launches Migsun Vilaasa at Greater Noida Migsun, one of India’s leading real estate companies, with approx. 6,40,692.85 sq.m. of delivered space in both real estate and construction contracting, launches its new project Migsun Vilaasa. Spread over 5 acres approximately, it offers a world class living experience in the industrial city of Greater Noida at a very affordable price starting at Rs. 15.99 Lakhs for 2 BHK and Rs. 25.99 Lakhs for 3 BHK. Loc
Meet India's Top 3 DJs, Powered by Queen of Mashups: SOS Nitelife Queen of Mashups: 'SOS Nitelife', an Exclusive Platform for female Disc Jockeys is all set for a grand culmination on August 15. The Grand Finale of Global Female DJ Championship will be held on 15th August 2018 at JW Marriott, Sahar Mumbai.
Importance of Strategic Partnerships to Build Health In an endeavour to encourage health innovations in India and Africa, a conclave was organised by the Public Health Foundation of India (PHFI), Amref Africa, the Institute of Development Studies, UK (IDS UK), Indian Institute of Public Health Gandhinagar in partnership with NITI Aayog. This event was hosted at the GE Healthcare Centre in Bengaluru. The conclave deliberated on ways to leverage the transformational potential of these innovations
Risk Review Report on Indian Banking Sector by Alea Consulting Alea Consulting has come up with a risk review report on Indian Banking Sector. The Indian banking system emerged safe out of the credit crisis of 2008-09, however, the relief was short-lived as Indian banks are swamped by two major challenges - bank frauds and NPA crises leading to stressed balance-sheets at these banks.
UN Global Compact Network India to Host 13th National Convention on 8th June, 2018 in Bengaluru Global Compact Network India (GCNI), a local Network of the United Nations Global Compact, New York is holding its annual flagship event 13th National Convention on the theme of ‘Sustainable Development Goals (SDGs): A Blueprint for Action’. It is scheduled for Friday, 8th June, 2018 at Hotel Shangri-La, Bengaluru.
Max Life Insurance Records a Growth of 31% in the Value of New Business for FY18 Max Life Insurance Co. Ltd., a leading Indian life insurance company, recorded Individual adjusted first year premium of Rs. 3,215 crore achieving growth of 22% in the Financial Year 2017-18 (FY18). During this period the Gross Written Premium of the company grew by 16% to Rs. 12,501 crore, while the renewal premium recorded growth of 15% to Rs. 8,152 crore. The Company recorded shareholder profit (Post Tax) of Rs.
Second Edition of SuperStartUps Awards to be Held in Delhi on 30th May SuperStartUps Asia, a platform to recognise the most loved start-ups in Asia, today announced its second edition of Awards to be held in the capital city on 30th May 2018 at India Habitat Centre. SuperStarUps Asia 2018 is a badge of honour to recognise excellence in the Asian start-up world.
Samridhi Sambhav 2018 – HPM India The category sponsors of the “Delhi Daredevil” team, HPM India, recently celebrated their achievements of the year in a four day meet. This company, which is dedicated to the welfare of the farmers and agricultural processing, has all the good reasons to stay in an upbeat mood because of a 10 percent rise in the distribution network. Considering the fact that they are dealing with the remotest part of the Indian landscape and spreading the reach of technology in
Birla Corporation Q4 Consolidated EBIDTA at Rs. 284 Crores Birla Corporation Limited, the flagship company of the M P Birla Group, announced today its financial results for the year ended 31 March 2018, as well as the consolidated results, including those of Reliance Cement Company Private Limited (RCCPL), wholly-owned material subsidiary of the Company.
Smart Cities India 2018 Expo Opens Tomorrow; Vice President Extends his Greetings The 4th Smart Cities India 2018 expo, co-locating five major verticals that make up our smart city framework – Buildings, Solar, Smart Cities, Transport and Water, begins tomorrow at Pragati Maidan, New Delhi.
Morepen Labs Reports Growth-filled Fourth Quarter to Close FY 2017-18 with a 25 Per cent Rise in its Net Profit Improved Home Diagnostics’ sales revenue, better Cost Control, Higher EBIDTA, higher Cash profit and lower Interest cost aids in strengthening bottom line further in yet another consecutive financial year.
YourNest Venture Capital Launches Entrepreneur-in-Residence Program The time-bound program will nurture, mentor and provide portfolio startups with access to relevant, experienced entrepreneurs.YourNest Venture Capital has been acknowledged as the ‘Youngest VC Fund’ in India and featured in the Top 10 Ranking by Returns in Preqin’s Ranking of VC and PE funds across Sectors and Vintage.
2-Day RBSM - India 2018 Beginning from 15th May in Mumbai The Meet is being organized by APEDA Ministry of Commerce and Industry Govt. of India in association with PHD Chamber of Commerce and Industry, with the objective to promote and give a fillip to exports of Indian mangos and other tropical fruits like Pomegranate, Pineapple, Banana and Jackfruits from the country and to develop new markets for promotion of these fruits and processed products.
Anondita Healthcare Joins Hands with Maharashtra and Karnataka Government Anondita Healthcare, India’s leading manufacturer of condoms and surgical gloves, has recently signed significant contracts with Maharashtra and Karnataka governments for supplying surgical gloves and condoms in all the state-run hospitals. It has also been awarded contracts for supplying its products in Army Hospitals in Delhi, Rajasthan and Himachal Pradesh.
Dubai Tourism Launches Dubai Pass to Experience the Best Attractions in Dubai Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is launching a new way for visitors to enjoy the city’s exciting range of attractions, experiences and tours. Announced at Arabian Travel Market (ATM), Dubai Pass, an all-inclusive pre-paid card, grants cash-free access to 33 key events and venues across Dubai, making it the perfect way for tourists to explore the city’s world-class destination propo
Legal Tech Startup Wonder.Legal Launches in India Wonder.Legal, an online platform that allows its users to easily create legal documents on-the-fly, has today announced its launch in India after successfully penetrating various markets of the world. The online service will now allow Indians to create personalized high-quality legal documents in real-time for a fraction of the hundreds and thousands charged by Indian law firms.
Tyre Safety under focus during Road Safety Week Being the only point of contact between a vehicle and the road, tyres play a pivotal role in road safety and deserve much better attention. During the campaign the motorists were sensitized about the critical difference that tyres make between a safe, fuel efficient and enjoyable ride or an unsafe, tiring and environmentally bad ones,” said Rajiv Budhraja, Director General ATMA.
M P Birla Launches its Super-premium Cement Brand M P Birla Cement launched its new super-premium brand, Perfect Plus, simultaneously from its Maihar (Madhya Pradesh) and Chanderia (Rajasthan) plants. The superior technology product contains enhanced deflocculated ultra-fine particles of cement, with ‘Hyper Active Molecules’, which results in the formation of superior binding gel (C-S-H) that enhances the performance of concrete.
Bajaj Finserv Slashes Personal Loan Interest Rate to 12.99% Bajaj Finserv, through its lending arm, Bajaj Finance Ltd. is offering personal loans at a special interest rate of 12.99% for a loan value of Rs. 10 lakhs and above. The applicants can avail loan amount of Rs. 5 lakhs and above at an interest rate of 13.49% and a loan amount of Rs. 10 lakhs
Key Reforms to Boost Real Estate in the Year 2018 Blowing away all the negativities that the real estate sector had gathered over the last couple of years due to long extended policy paralysis situation, the year 2018 is expected to see the rise of real estate sector in the country and as the beginning of a new dawn for the industry with the implementation of major policies including enactment of Real Estate Regulations and Development Act (RERA), reaffirms Ms. Ishanee Sharma, Partner, V&K Law &
HDFC ERGO Launches DIA, A New Artificial Intelligence Chatbot Serivice on Amazon Alexa HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, today announces the launch of its AI enabled Chatbot ‘DIA’ on Amazon’s cloud-based voice service, Alexa. The presence of ‘DIA’ on Alexa, aims to offer a 24/7 customer assistance with instant solutions to customer queries, thereby creating an enhanced customer service experience with HDFC ERGO.
Auxilo Finserve Plans to Disburse Rs. 100 Cr. of Education Loan through its Pune Centre Inaugurating the centre, Mr. Neeraj Saxena, MD & CEO of Auxilo Finserve said, “We feel this centre will essentially support hundreds of valuable dreams of this city’s youth that can fulfill individual’s quest to grow and boost country’s innovation model. Pune is also considered as home to Defence institutions, and our endeavor is to contribute the best possible for the children of this brave community.”
The reason as to why India can’t out perform China in manufacturing is NOT because of infrastructure, it’s NOT because of skilled labors, it’s NOT because of corruption, and it’s also NOT because of “superiority of the Chinese mentality”.
Udyog Software Signs Partnership with Compuage for uBooks Udyog Software (India) Ltd., part of Adaequare Group and a leader in Tax Technology and Compliance Automation has tied up with Compuage Infocom Ltd., India’s leading IT and Mobility Distribution Company as its partner in India. With this tie-up, the company is looking at strengthening and reaching out to SMEs & Mid-size market across India. Udyog Software’s new launch
Axalta Inaugurates New Coating Manufacturing Facility in India Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India. Approximately 70 guests, including local government officials, customers, university representatives, media, and employees attended the opening ceremony, which Axalta Chairman and CEO Charlie Shaver presided.
NBCC Set to Enter New Growth Phase After CMD A.K. Mittal’s Tenure Extended The Appointments Committee of the Union Cabinet has extended the tenure of Dr. Anoop Kumar Mittal, Chairman and Managing Director of NBCC (India) Limited in recognition of his invaluable contribution and pioneering work towards creating a world-class organisation.
OLX Launches Webwise, an Initiative to Promote Online Safety OLX, India’s leading online classifieds, launches its consumer safety initiative, OLX Webwise. The initiative aims to raise awareness among users about measures to keep oneself safe while transacting online. Under Webwise, OLX will be promoting online safety through its initiatives which includes, Product updates, User safety guidelines, Awareness programs with Law Enforcement Authorities and Customer support.
With Launch of New “Stackable Credential” Pilot Program, CAIA Association Introduces another Alternative Investment Industry First The Chartered Alternative Investment Analyst (CAIA) Association, a global leader in alternative investment education and the first to offer a credential focused on the space, today announced the launch of a new pilot program that will allow a small number of qualified candidates to
JSPL Closes the QIP, to Raise Rs. 1,200 Crore Jindal Steel and Power Limited (JSPL) today closed the Qualified Institutions Placement (QIP) issue launched three days ago on March 20th 2018. The company will raise Rs. 1,200 crore through the QIP. The board of JSPL approved the issuance of shares at Rs. 233 per share, which was Rs. 5.85 above the floor price. The order book was oversubscribed with significant interest coming from domestic and foreign long term investors.
Royal Enfield flaunted two factory-built custom motorcycles, Mo’ Powa’ and the Dirty Duck, based on the Classic 500 and Continental GT respectively, in Europe, at the 4th Wheels and Waves Festival, in Biarritz, France, which began on June 8 and went on till June 12. The Royal Enfield showcased its whole line-up along with these two custom motorcycles built in the UK.