Business News

PVR Cinemas signs five-theatre deal with IMAX

PVR Cinemas signs five-theatre deal with IMAX

New Delhi [India], Apr 27 : Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

The new IMAX theatres, which are planned to be located in Delhi and other major metropolitan markets and will comprise a combination of new and existing PVR cinemas, are slated to begin opening this year, with all theatres expected to launch by the end of 2019.

Real estate sector revived after demonetisation: PropTiger Report

Real estate sector revived after demonetisation: PropTiger Report

New Delhi [India], Apr 27 : According to the real estate advisory firm PropTiger.com's findings, the real estate sector in India witnessed a revival after demonetisation, with sales increasing by 13 percent as compared to 22 percent fall in the previous quarter across top nine cities of India.

A subsidiary of Elara Technologies Pte Ltd., which also owns Housing.com and Makaan.com, the firm on Wednesday released the findings of the ' Realty Decoded Report ' for the January-March quarter of financial year 2016-17 (Q4, FY17).

UTStarcom to expand its footprint in India

UTStarcom to expand its footprint in India

New Delhi [India], Apr 27 : UTStarcom India Telecom Pvt. Ltd., a global telecommunications infrastructure provider on Wednesday announced its plan to increase its investment in India at the 'Next Gen Innovation Summit 2017- and Beyond', an event organised by UTStarcom Inc.

"We have been committed to the Indian communications industry and have been making the required investments in India. The company would be increasing its investment in India so as to further consolidate its presence in the Indian telecom infrastructure market," said Tim Ti, Chief Executive Officer, UTStarcom Inc.

The company would be making investments in setting up its local manufacturing and R&D. Further investments will be used in increasing its equipment portfolio and scaling up its manpower in India.

Indian rupee breaches 64 mark; witnesses highest level since Aug 2015

Indian rupee breaches 64 mark; witnesses highest level since Aug 2015

New Delhi [India], Apr 26 : The market on Wednesday witnessed a surge in the Indian rupee in its initial gains and breached the 64 mark against the US dollar.

The rupee was trading at 63.99 a dollar, the highest level since August 10, 2015.

Earlier, it opened higher by seven paise at 64.19 per dollar today versus 64.26 Tuesday.

As per the market analysts, the rupee can breach the stiff resistance of 64.20/dollar and may head higher. Expectations are high that the spot of USD-INR pair will trade in a range of 64-64.40/dollar in the days' trade. (ANI)

AasaanJobs witnesses 40 pct boost in business via its mobile app

AasaanJobs witnesses 40 pct boost in business via its mobile app

New Delhi [India], Apr 26 : Online recruitment marketplace AasaanJobs has announced phenomenal business growth of over 40 percent in its overall business via its mobile application, which helps thousands of candidates across India to find the right job based on their skills and requirements.

Mobile traffic on the platform saw significant growth in the last two quarters; with 500,000+ sessions in Q3, and over 700,000+ sessions in Q4 driven by increase in smartphone usage across the country.

This significant milestone has managed to strengthen AasaanJobs position as a leading recruitment platform in India.

Siemens Healthineers announces launch of first fully automated lab

Siemens Healthineers announces launch of first fully automated lab

New Delhi [India], Apr 26 : Siemens Healthineers has announced successful installation of India's first fully automated Aptio Automation track with multidiscipline modalities at the Aspira Pathlab and Diagnostic Limited, Mumbai.

The company aims to help healthcare providers worldwide to meet their current challenges and to excel in their respective environments using products and solutions that increase efficiency and reduce costs.

The new track will enable Aspira to perform all routine hematology, biochemistry and immunoassay tests with a comprehensive selection of pre- and post-analytical modules that automate sample loading, preparation and handling so as to free laboratory staff from time-consuming, low-value tasks.

Renewable energy sector growth attributable to wind, solar energy: ICRA

Renewable energy sector growth attributable to wind, solar energy: ICRA

New Delhi [India], Apr 25 : According to credit-rating body ICRA, the growth of the renewable energy (RE) sector was driven by the large capacity additions in the wind and solar power segments.

The RE sector in FY2017 reported a record capacity addition of over 11 GW, an increase of around 60 percent over 7.1 GW reported in FY2016, as per the provisional figures by the Ministry of New & Renewable Energy (MNRE).

"The capacity addition in wind energy was much better than our expectations due to a bunching up of commissioning in March 2017. This was due to the removal of the generation-based incentive (GBI) benefit and reduction in accelerated depreciation (AD) benefit with effect from April 1, 2017," said Sabyasachi Majumdar, Senior Vice President and Group Head, ICRA.

Infosys expands global footprint, opens delivery center in Croatia

Infosys expands global footprint, opens delivery center in Croatia

New Delhi [India], Apr 25 : Aiming to strengthen its engineering footprint in Eastern Europe, IT major Infosys Ltd. on Monday announced the opening of its first office and delivery center (DC) in Karlovac, Croatia.

In line with the company's strategy to establish global competency centers, offer the best talent in the market and make it available to customers globally, this DC also marks its expansion into Eastern Europe's heavy engineering sector. The new facility will meet near-shoring requirements, support engineering clients worldwide as well as offer R&D services.

Ola launches biggest driver partner engagement initiative

Ola launches biggest driver partner engagement initiative

New Delhi [India], Apr 24 : Taxi aggregator Ola on Monday announced the launch of 'Ola Partners League' - a unique virtual cricket game for its driver partners.

The four week-long contest will see Ola driver partners score runs by completing simple tasks and redeeming them against exciting prizes such as cars, TVs, laptops and scholarships in leading cricket academies for children of driver partners.

Kick starting today, OPL is open to all Ola driver partners across Bangalore, Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Pune, and will be LIVE till 20th May, 2017. Popular Indian all-rounder cricketer, Irfan Pathan and famous TV personality Mandira Bedi have been roped in to be the ambassadors to cheer and promote the OPL among driver partners.

L&Technology Services wins smart city and campus project

L&Technology Services wins smart city and campus project

New Delhi [India], Apr 24 : L&T Technology Services Limited, a leading global pure play engineering services provider, announced the development of Smart City and Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft.

The smart office campus being developed by the firms will use IoT- enabled sensors and predictive analytics. L&T Technology Services' smart buildings i-BEMS platform will provide energy saving technology and cloud-based asset management that complement Microsoft's Digital User Experience design solutions.

GTA to join Hotelbeds Group's Bedbank business unit

GTA to join Hotelbeds Group's Bedbank business unit

New Delhi [India], Apr 22 : Hotelbeds Group, a global bedbank and business-to-business provider of services to the travel industry on Friday announced plans for GTA to join its Bedbank business unit.

"This deal brings another great bedbank to the Hotelbeds Group family, following the announcement in February that Tourico Holidays will also be integrating with us. Both of these important deals clearly underline our steadfast commitment to accelerate the growth of our business both organically and via M&A activity," said Joan Vila, Executive Chairman of Hotelbeds Group.

Good CIBIL score can get you a home loan effortlessly

Good CIBIL score can get you a home loan effortlessly

New Delhi [India], Apr 21 : Before the digital era began, home loan processing was very unpredictable. However, with digitization, a whole new world of instant credit and instant loans was formed.

Technological initiatives coupled with credit processes has transformed the entire customer experience forming a lending ecosystem. Now a day's banks and institutions rely more on credit reports generated by credit information agency - CIBIL for gauging a loan applicant. An applicant with a score of 750 or above can get a home loan smoothly.

Low interest rates on housing loan and IT benefits have induced many to own a property. Nowadays CIBIL is helping borrowers to check the best loan available based on his/her credit scores and history.

Delhi showcases highest internet readiness in India: IAMAI report

Delhi showcases highest internet readiness in India: IAMAI report

New Delhi [India], Apr 21 : A report published by the Internet and Mobile Association of India ( IAMAI) and Nielsen ranked Delhi number one regarding overall Internet readiness, overtaking last year's winner Maharashtra.

The report titled 'Index of Internet Readiness of Indian States' was released by Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology ( MeiTy), Government of India on Wednesday.

Delhi takes the first slot not only amongst small states and Union Territories but also when all states are taken together. The capital city-state is followed by Karnataka, Maharashtra, Kerala and Tamil Nadu.

According to the report, Delhi gets this rank primarily because of its fabulous e-infrastructure and e-participation.

Patanjali to go global, says CEO Balkrishna

Patanjali to go global, says CEO Balkrishna

New Delhi [India], Apr 21 : Patanjali Ayurveda's Co-Founder and CEO Acharya Balkrishna on Thursday announced that the company is planning to expand globally in the near future, while addressing a 'Made in India - Food Buyer Seller Meet' organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Agricultural and Processed Food Products Export Development Authority ( APEDA).

He urged players of food processing sector to come together and promote healthy food products.

"This initiative taken by FICCI is an example of industry players taking a step towards making Indian food industry an international brand accepted by all. Patanjali Ayurveda Ltd. is committed to go global and fight adulteration in Food industry," said Balkrishna.

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

New Delhi [India], Apr 20 : Governor Chelyabinsk Region Russia, Boris Dubrovsky on Thursday invited the Indian industry to explore the investment opportunities in the Chelyabinsk Region of Russia, which offers tax incentives to foreign investors.

Speaking at an interactive session organized by FICCI, Boris Dubrovsky held out the assurance that the Chelyabinsk Region would cooperate with the Indian businesses and their investment will be fully protected.

He said that Indian investments in Russia were estimated at USD eight billion and Russian investments in India totaled about USD three billion.

Now rediscover your city like never before with 'AskLocal' from Jugnoo

Now rediscover your city like never before with 'AskLocal' from Jugnoo

New Delhi [India], Apr 20 : Hyper-local startup Jugnoo has announced AskLocal - a Geo-location based hyper-local content platform for users where they can access locally relevant information.

With this, Jugnoo is introducing a new way to connect within cities based on relevant content, reviews, and recommendations.

Just like Facebook and Twitter, which are friends-based and events-based content networks respectively, the AskLocal vertical offers a location-based content network. The feature will be Geo-location based, allowing users to view local feeds for their city.

It is part of the bouquet of hyper-local services offered by Jugnoo that includes rides, meals, fresh, and menus.

Musical contest #FindYourBeat opens on social media

Musical contest #FindYourBeat opens on social media

New Delhi [India], Apr 20 : #FindYourBeat, the online musical challenge, launches today on Facebook and Twitter.

#FindYourBeat is a one-minute social, musical challenge to engage and reward people through their love for music. The contest starts on 20th April and will run for a period of three days, ending on 22nd April 2017.

Myntra acquires Bengaluru-based technology platform 'InLogg'

Myntra acquires Bengaluru-based technology platform 'InLogg'

New Delhi [India], Apr 20 : E-commerce portal Myntra on Wednesday announced that it has acquired InLogg, a Bengaluru-based technology platform that provides end to end logistics solutions for the ecommerce sector.

As part of the acquisition, the team at InLogg has been inducted into Myntra, making it an acqui-hire that will further strengthen and expand Myntra's supply chain capabilities.

Hotstar registers over 100 million downloads on Play Store

Hotstar registers over 100 million downloads on Play Store

New Delhi [India], Apr 20 : Online video platform Hotstar on Wednesday crossed another milestone by becoming the first local service to register over a 100 million downloads on Google Play Store.

The 'Make in India' video platform raced ahead of other consumer internet companies in India, including e-commerce services like Amazon India and Flipkart, taxi ride services like Ola and payment apps like Paytm, among others.

Almost all of Hotstar's downloads have come from India. The service reached this milestone within just 2 years of its launch in 2015.

Across the Play Store, App Store and other Android app stores cumulatively, Hotstar has crossed more than 200 million downloads since launch.

Asset Vantage expands operations, acquires Santa Clara-based Financial Navigator

Asset Vantage expands operations, acquires Santa Clara-based Financial Navigator

New Delhi [India], Apr 20 : Asset Vantage Inc., a leader in cloud/mobile-based asset management, accounting and reporting system on the market on Wednesday acquired Santa Clara-based Financial Navigator Inc., a leading provider of integrated general ledger and portfolio tracking software focused on the wealth management in the United States market.

With the addition of Financial Navigator, Asset Vantage will further its expansion into the wealth management accounting software market in North America while gaining a seasoned team of developers and customer support personnel anchored in Silicon Valley. The two companies have a combined customer base exceeding 300 families globally.




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