Business News

Ericsson collaborates with IIT Delhi to launch '5G for India' program

Ericsson collaborates with IIT Delhi to launch '5G for India' program

New Delhi [India], Mar. 30 : Ericsson and the Indian Institute of Technology Delhi (IIT Delhi) have signed a memorandum of understanding to jointly roll out a '5G for India' program.

To this regard, Ericsson will set up a Center of Excellence with a 5G test bed and incubation center at IIT Delhi and use this facility to drive the development of the country's 5G ecosystem.

This program has been conceptualised to fast-track realisation of Digital India initiatives and aid application development for Indian start-ups and industries.

In addition to hosting the Center of Excellence, IIT Delhi will conduct research and development to explore how some of the country's challenges can be addressed with mobile technologies.

Vikram Solar, Water-Gen collaborate to provide clean drinking water in India

Vikram Solar, Water-Gen collaborate to provide clean drinking water in India

New Delhi [India], Mar. 30 : Leading Solar EPC player Vikram Solar Pvt. Ltd. signed a Memorandum of Understanding (MoU) with Israel's Water-Gen, a pioneer in air-to-water technology, to develop and introduce their path-breaking clean, hygienic drinking water solutions in the country.

The technology, developed by Water-Gen to create and store drinking water by harvesting condensation from the air, provides a potential solution to the clean and safe drinkable water crisis faced by India.

The larger objective of this collaboration is to make available drinking water to the remote locations of the country using its rich natural resources - air and humidity. The cost-effectiveness of the technology is an added bonus that will help make the solution available to the masses.

Jabong announces addition of Aeropostale to its portfolio

Jabong announces addition of Aeropostale to its portfolio

New Delhi [India], Mar 30 : Continuing with the new label launch spree in the month of March, India's leading fashion e-tailer, Jabong has announced the addition of yet another leading American high-street fashion wear brand, Aeropostale, to its product portfolio.

The New York based iconic specialty retailer of casual apparel and accessories for teen will be available on Jabong for women and men in more than 600 variants across categories such as capris, dresses, jeans, joggers, jumpsuits, leggings, shorts, skirts, t-shirts, tops, jeggings, innerwear, casual shirts, polos and chinos with prices ranging from Rs.599 to Rs.2999. Jabong is also offering an inaugural discount of Rs.500 on purchases for Rs.2999 and above for all Aeropostale products.

World's largest corporate Masala bond starts trading on London Stock Exchange

World's largest corporate Masala bond starts trading on London Stock Exchange

New Delhi [India], Mar 30 : London Stock Exchange today welcomes the world's largest corporate Masala bond. The landmark bond issuance from Housing Development Finance Corp (HDFC), one of India's leading banking and financial services companies comes less than 12 months after HDFC's INR 30 billion (USD 450 million) debt issuance in London, the first ever Indian corporate to list a Masala bond.

Grameen Koota raises Rs.250 crore from CreditAccess Asia

Grameen Koota raises Rs.250 crore from CreditAccess Asia

New Delhi [India], Mar 30 : Grameen Koota Financial Services Private Limited (Grameen Koota) has raised Rs. 250 crore from its holding company, CreditAccess Asia (CAA), headquartered in Amsterdam, which is the leading multi-country Microfinance operator in India and South-East Asia. Part of the infusion, Rs.50 crore, will be provided in the form of equity and the remainder, Rs.200 crore will be provided in the form of Compulsory Convertible Debentures (CCDs).

MSEI to organise mock trading sessions on April 1

MSEI to organise mock trading sessions on April 1

New Delhi [India], Mar. 30 : Metropolitan Stock Exchange of India Limited (MSEI), the third national level stock exchange is all set to conduct a mock trading session in equity, equity derivatives and currency derivatives segments on April 1, 2017.

As per Securities and Exchange Board of India's ( SEBI's) requirements, mock trading is conducted on a monthly basis by all the stock exchanges-MSEI, BSE and NSE to test trading and risk management-related systems and applications.

All MSEI members are encouraged to participate in the mock trading to test the system's performance. Trading members, using in-house or empanelled vendor's algorithms, are required to take part in the session with their user-ids.

FutureDial, Rocking Deals collaborate to enhance quality of used products in India

FutureDial, Rocking Deals collaborate to enhance quality of used products

New Delhi [India], Mar. 29 : FutureDial, a provider of device processing solutions partnered with Rocking Deals in order to examine and certify the quality of refurbished products that are being sold in the Indian market.

India is the second largest market for smart phones in the world and this is the main agenda behind FutureDial coming to India.

FutureDial provides solutions from the point of collection through the entire supply chain process including configuration and after sales. Their easy-to-use, automated solutions reduce the total number of operators involved, thus saving consumers time and money.

ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

New Delhi [India], Mar. 29 : India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Aggarwal, who is the Founder of ShopClues and Droom, has already invested in seven start-ups across various industry verticals and is looking to further expand his investment portfolio by entering the data science app development arena as well.

Dekoruma, Wydr, Shopsity, Data Guise, Give Club, Duriana and Curo Healthcare have all received funding during the past few months. While Wydr, Shopsity and Curo Healthcare are Indian companies, the rest mostly belong to South East Asian markets and the Silicon Valley.

Revolutionary GST bill will ensure free movement of goods across the country: Jaitley

Revolutionary GST bill will ensure free movement of goods across the country

New Delhi [India], Mar 29 : Union Finance Minister Arun Jaitley on Wednesday called the Goods and Services Tax (GST) Bill revolutionary, saying it will benefit all with the free movement of goods across the country.

"We are keeping two standard rates of 12 percent and 18 percent and provided for a cess for five years to fund compensation," said Jaitley while announcing usage of a cess on luxury, sin goods for GST compensation.

"Aim of GST Council is to decide everything with consensus," said Jaitley.

" CGST Law shall apply to the whole of India except the State of Jammu and Kashmir," he said while mentioning that the GST Council met 12 times till date.

He further said that GST will ensure one single tax and will ensure free movement of goods across country.

GoDaddy launches new website builder for small businesses in India

GoDaddy launches new website builder for small businesses in India

New Delhi [India], Mar 29 : GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced the launch of GoDaddy's new Website Builder combining a mobile optimized website builder with an integrated set of marketing and e-commerce tools, making it easy for small businesses in India to attract visitors and drive results.

Opple launches 'Twinkle Star' - an innovative light for children

Opple launches 'Twinkle Star' - an innovative light for children

New Delhi [India], Mar. 29 : Opple, a global integrated lighting solutions company and one of world's Leading LED Lighting brand launched a unique and innovatively designed light, Twinkle Star. This is Opple's newest addition to their range of home luminaries.

The product has been especially designed for children. Its creative design comes equipped with a twinkle shining effect that makes one feel closer to nature. It also defines an ambient light and in turn provides a soothing effect along with stimulating one's creative imagination.

Yakult Danone India introduces Shilpa Shetty Kundra as new brand ambassador

Yakult Danone India introduces Shilpa Shetty Kundra as new brand ambassador

New Delhi [India], Mar. 29 : Yakult Danone India Pvt. Ltd., a joint venture between Yakult Honsha, Japan and Groupe Danone, France, both global leaders in probiotics, announced Bollywood celebrity Shilpa Shetty Kundra as their new Brand Ambassador.

This comes in wake of the company's concerted plans to spread the health benefits of Probiotics and Yakult among Indian consumers, which was the main highlight of the press conference held here on Tuesday.

Present on the occasion were Minoru Shimada, Managing Director, Yakult Danone India Pvt. Ltd., Bollywood Celebrity Shilpa Shetty Kundra and Dr. Neerja Hajela, General Manager - Science and Regulatory Affairs, Yakult Danone India Pvt. Ltd.

Intellipaat launches Big Data, Hadoop training in Association with IBM

Intellipaat launches Big Data, Hadoop training in Association with IBM

New Delhi [India], Mar 28 : Taking Big Data training a notch higher across the globe, Intellipaat associates with IBM. Intellipaat announces the launch of Big Data Hadoop Training with IBM. Touted to be a strong collaboration between the parties, Intellipaat is reaching to the top echelons of technology and IT industry.

Designed to mitigate skill gaps in the Big Data domain, this master's course will offer 360 degree learning on Hadoop Developer, Administrator, Testing and Analyst modules and an IBM certification. Participants will also learn about IBM Big Insights as part of the course. To know more about the course click on to Hadoop Training.

Housing.com launches 'Housing Partner' for real estate developers

Housing.com launches 'Housing Partner' for real estate developers

New Delhi [India], Mar 28 : Housing.com has launched a unified platform for real estate developers and partners to manage their business, 'Housing Partner'.

The latest technology-powered product from Housing.com is aligned with its objective of becoming a preferred digital platform for all stakeholders within the real estate ecosystem.

'Housing Partner' is a web-based dashboard that will help property sellers (developers and partners) to monitor and manage leads in an effective manner, all within a single and convenient interface.

ClearTax introduces online training program on GST for CAs, taxation experts

ClearTax introduces online training program on GST for CAs, taxation experts

New Delhi [India], Mar 28 : India's largest Income Tax returns e-filing and enterprise compliance service provider ClearTax on Tuesday launched its GST e-learning kit to educate the business community and make over 2.5 lakh CAs and Tax Return Preparers GST-ready and help them serve over 1 crore businesses.

ClearTax's GST training will be imparted through e-learning modules that include10 hours of high quality videos, 20+ real world examples to study implications, 50+ online webinars, 20+ quizzes to practice concepts, and 100+presentations and articles on GST.

Rooter raises seed round of funding from Intex Technologies

Rooter raises seed round of funding from Intex Technologies

New Delhi [India], Mar 28 : Digital platform that connects, engages and helps sports audiences interact with each other on a real-time basis, Rooter on Tuesday announced raising of an undisclosed amount of funds from Intex, one of India's fastest growing consumer electronic goods and accessories manufacturer.

The sports social engagement app earlier successfully raised funds from Dhruv Chitgopekar and Prantik Dasgupta.

It also holds the distinction of being the first venture that Bollywood star, Boman Irani, has invested in as an angel investor.

bookbhook.com launches India's first book summary and micro-learning platform

bookbhook.com launches India's first book summary and micro-learning platform

New Delhi [India], Mar 28 : As per a National Book Trust NCAER survey in 2009, there were 83 million Indians (13-35 age group) reading books for leisure in 2009. Reading in Hindi, Marathi, Bengali and English primarily, 46 percent of the respondents chose "knowledge enhancement" as a reason for reading books.

With the world's youngest working population, Indians are increasingly seeking out knowledge as their ticket to prosperity in this knowledge economy. But the problem for this young generation is "In this knowledge economy, I need to KNOW MORE and YET, I lack the TIME to know more"

Axalta's leading industrial coating solutions shine at India Surface Finishing Exhibition

Axalta's leading industrial coating solutions shine at India Surface Finishing E

Gurugram (Haryana) [India], Mar.27 : Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, showcased its general industrial coating solutions at the India Surface Finishing Exhibition 2017 (ISF 2017) recently held in New Delhi.

In collaboration with its industrial distributors, Axalta demonstrated how its premium coatings could meet the growing demand of the general industrial market across India.

Jaitley tables Central GST Bill in LS

Jaitley tables Central GST Bill in LS

New Delhi (India), Mar. 27 : Union Finance Minister Arun Jaitley on Monday tabled the Central Goods and Services Tax (GST) Bill 2017 in the Lok Sabha.

Looking forward to a consensus on GST Bill, Union Parliamentary Affairs Minister Ananth Kumar earlier in the day expressed hope that the above legislation is passed in the ongoing Budget Session of Parliament.

Kumar told the media here that all parties have been consulted on the GST.

"Hope everyone will support the government on it. The government is committed to ensure the passage of GST in the ongoing Budget Session," he added.

The GST Council and Union Cabinet have already given their nod to the Central GST, Integrated GST, Union Territory GST and Compensation Bill.

FM approves re-organisation of CBEC for implementation of GST

FM approves re-organisation of CBEC for implementation of GST

New Delhi [India], Mar 25 : Union Finance Minister Arun Jaitley on Saturday approved the re-organization of the field formations of the Central Board of Excise and Customs (CBEC) for the implementation of Goods and Services Tax (GST).

The approval by the minister will enable the existing formations of Central Excise and Service Tax under the CBEC to implement and enforce the provisions of the proposed GST.

However, the CBEC is likely to be renamed as the Central Board of Indirect Taxes and Customs (CBIC), after getting legislative approval.

The proposed CBIC shall, inter alia, supervise the work of all its field formations and Directorates and assist the Government in policy making in relation to GST, continuing Central Excise levy and Customs functions.




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