Business News

Wabco India demonstrates advanced safety technologies at T1 PRIMA Truck Racing Championship

Wabco India demonstrates advanced safety technologies at T1 PRIMA Truck Racing

New Delhi [India], Mar. 20 : For the fourth consecutive year, Wabco India, a provider of technologies that improve the safety, efficiency and connectivity of commercial vehicles was the Official Braking Technology Partner for Tata Motors at the T1 PRIMA Truck Racing Championship Season 4, on Sunday at the Buddh International Circuit, Greater Noida.

Wabco India demonstrated its advanced safety and efficiency technologies on the race track, one of the most challenging operating environments for heavy-duty trucks.

New UP Govt. should ensure adequate power supply: ASSOCHAM

New UP Govt. should ensure adequate power supply: ASSOCHAM

New Delhi [India], Mar. 19 : After the Bharatiya Janata Party's (BJP) astounding victory in the recently-concluded Uttar Pradesh Assembly Elections 2017, apex industry body ASSOCHAM has said that the need of the hour in the state is ensuring adequate electricity supply in the coming summer, giving urgent relief to Bundelkhand and finding lasting solutions for arrears of sugarcane farmers.

The top priority of the new government should be to drastically improve the quality and quantity of power supply in the ensuing summer. Like several parts of the country, the challenge is not as much generation and availability of power but the financial health of the power utilities, mostly in the state ownership.

High expectations riding on new UP Government, says ASSOCHAM

High expectations riding on new UP Government, says ASSOCHAM

New Delhi [India], Mar 18 : Faced with high expectations created by a massive mandate given to the BJP, the incoming Chief Minister of Uttar Pradesh has to meet immediate challenges of ensuring much better electricity supply in the coming summer, give urgent relief to Bundelkhand and find a lasting solutions for arrears of sugarcane farmers, the ASSOCHAM said on Saturday.

The Uttar Pradesh has a sizeable annual budget of about Rs. 3.5 lakh crore with a deficit of about Rs. 50,000 crore. Though there is a scope for bettering the state balance sheet, its fiscal situation is not as bad as some states, the chamber said.

Backed by Venture Catalysts, Beardo set to leapfrog with 45 pct acquisition from Marico

Backed by Venture Catalysts, Beardo set to leapfrog with 45 pct acquisition from

New Delhi [India], Mar 18 : Marico has acquired 45 percent stake of one of the most renowned brands today in the men's grooming segment, Beardo.

The acquisition has happened for an undisclosed amount and the equity is slated to be acquired in the duration of two years, following primary infusion and secondary buy-outs.

Owned by Ahmadabad based Zed lifestyle, Beardo has been funded by Venture Catalyst, the leading seed investment and innovation platform in India.

Forever 21 debuts in West Bengal with first store launch in Siliguri

Forever 21 debuts in West Bengal with first store launch in Siliguri

New Delhi [India], Mar 18 : Forever 21, a leading fast fashion brand from Aditya Birla Fashion and Retail Ltd. debuted in West Bengal with their very first store launch in Siliguri. The brand is focusing on strengthening its foothold in the country by exploring newer markets like West Bengal. Forever 21 is a pioneer in the fast fashion category, which makes it the most preferred fashion destination for young and fashion conscious consumers.

Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

New Delhi [India], Mar 17 : Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.

The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.

Get married, plan a holiday and more with a Bajaj Finserv personal loan

Get married, plan a holiday and more with a Bajaj Finserv personal loan

New Delhi [India], Mar 17 : When it comes to life experiences, few can match what travel has to offer. No matter who you accompany and what destination you visit, the returns from a trip are likely to be impressive. But there is so much to see all over the world, where do you start? And more importantly, how to pay for your travels?

Think of a Personal Loan to meet your travel needs.

Wedding expenses

A wedding is one of the happiest occasions in the family. The preparations and the ceremonies are one big riot of emotion and celebration. And it is obvious that you would want this once-in-a-lifetime event to be the biggest celebration of your life. But big celebrations usually involve big money.

Snapdeal, Japan Trade Organization tie-up to bring Japanese products to India

Snapdeal, Japan Trade Organization tie-up to bring Japanese products to India

New Delhi [India], Mar 16 : Online marketplace Snapdeal on Thursday announced its partnership with Japan External Trade Organization (JETRO) for an exclusive partnership to showcase products from popular SME brands from Japan on Snapdeal.

Customers can now purchase JETRO products across various categories including electronic devices, accessories, kitchenware and personal care directly from Snapdeal.

The partnership is a step forward for Snapdeal in its quest to expand its portfolio with international brands which are acclaimed for excellence in their product quality and standards. Via the partnership, JETRO also hopes to create a niche space for these companies and their products in the Indian market as well as reach out to a huge customer base of over thousands of Indians.

US-India Business Council convenes innovation driven expansion of healthcare access in India

US-India Business Council convenes innovation driven expansion of healthcare

New Delhi [India], Mar 16 : The US-India Business Council (USIBC) in partnership with the Ministry of External Affairs, and Invest India convened policymakers, global experts, industry leaders, and relevant stakeholders on March 14, 2017 in New Delhi for a conference entitled, "The 2nd Annual Conference on Innovation Driven Expansion of Healthcare Access in India".

"India has proven to be a leader in the global life sciences space," said Dr. Mukesh Aghi, President of USIBC. "If the barriers to increasing R&D and innovation are removed, India has the potential to rank up even higher in the areas of IPR, disease prevention, and drug and medical device manufacturing."

NEC joins US Department of Homeland Security "AIS" Initiative for Sharing Cyber Threat Indicators

NEC joins US Department of Homeland Security "AIS" Initiative for Sharing Cyber

New Delhi [India], Mar 16 : NEC Corporation (NEC; TSE: 6701) today announced its participation in the "Automated Indicator Sharing" (AIS) initiative implemented by the United States Department of Homeland Security (DHS) that swiftly shares cyber threat indicators between the government and the private sectors, aligning technologies and human resources in the cyber security businesses and bolstering cyber intelligence as an important source of information.

GST implementation: Govt. announces compensation to states for five years

GST implementation: Govt. announces compensation to states for five years

New Delhi [India], Mar 16 : The Goods and Services Tax (GST) Council headed by Finance Minister Arun Jaitley on Thursday announced the panels' consensus on significant issues including fixing the threshold limit for registration and full compensation for five years to the states for losses on account of the GST implementation.

The GST Council is expected to endorse the remaining two crucial bills including the State GST (SGST) and Union Territory GST (UTGST) here today.

The Council's nod will act as another decisive step in the run up to the implementation of the overhauled tax regime from July 1.

SBI, CREDAI sign MOU towards development of Real Estate Sector

SBI, CREDAI sign MOU towards development of Real Estate Sector

New Delhi [India], Mar. 16 : The State Bank of India (SBI) and the Confederation of Real Estate Developers' Associations of India (CREDAI) on Wednesday inked a Memorandum of Understanding (MOU) to jointly conduct various initiatives towards the development of the Real Estate Sector for a period of three years.

SBI and CREDAI have a common objective of providing housing for all.

Each of them will leverage their individual strengths and collaborate in areas which will be beneficial to the sector and the consumers at large.

The MOU was exchanged between Rajnish Kumar, Managing Director SBI and Geetambar Anand, President CREDAI at the CREDAI National Conclave held in Delhi on March 6 and March 7.

Union Minister Venkaiah Naidu was also present for the occasion.

LG's #KarSalaam initiative achieves a 'Guinness World Records' title

LG's #KarSalaam initiative achieves a 'Guinness World Records' title

New Delhi [India], Mar 15 : LG creates a 'Guinness World Records'® feat for its #KarSalaam initiative launched at the start of this year. The initiative involved the whole nation to come forward and send in their good wishes to the Indian Armed Forces for their undying spirit of bravery.

With this campaign, LG breaks the Guinness World Records by getting more than 114741 handwritten messages from the Indian citizens.

Through this initiative, LG salutes the soldiers' spirit of generous contribution and service towards the nation. The company aims to stand in gratitude for the Indian Armed Forces for assuring that we lead a fearless and safe life in this country while they protect our borders.

OLX releases new brand campaign; urges India to take six-month break-up challenge

OLX releases new brand campaign; urges India to take six-month break-up challeng

New Delhi [India], Mar 15 : OLX, India's number one classifieds announced the launch of its latest brand campaign today that has gone live on television and digital, and will be amplified across radio, social media, and out-of-home in the coming weeks.

The campaign, known as the 'Six Months Break-Up Challenge' urges people to sell pre-owned goods that they haven't used for at least 6 months. The campaign is based on the insights gathered from CRUST (Consumer Research on Used-Goods and Selling Trends), OLX's annual consumer survey to understand user behaviour towards used goods, as well as other consumer trends.

A Campaign Derived Research Insights:

Inflation soars to 3.65 per cent in February

Inflation soars to 3.65 per cent in February

New Delhi [India], Mar. 15 : Retail inflation rose to a four-month high of 3.65 per cent in February this year, mainly due to an increase in the prices of food items.

Inflation measured in terms of the Consumer Price Index had stood at 3.17 per cent in January this year. Retail inflation was 5.26 per cent in February last year.

According to data released by the Central Statistics Office, retail inflation in food items rose to 2.01 per cent in February, from 0.61 per cent in January.

But prices of vegetables declined by 8.29 percent and of pulses by 9.02 per cent.

The increase in prices may weaken the case for an immediate interest rate cut by the RBI, which had kept lending rates unchanged at the last review in February, citing risks to inflation. (ANI)

India Innovation Growth Programme (IIGP) 2.0 to support Industrial and Social Innovations

India Innovation Growth Programme (IIGP) 2.0 to support Industrial and Social

New Delhi [India], Mar 14 : Strengthening its commitment to foster innovation and entrepreneurship, the Department of Science and Technology launched the India Innovation Growth Programme 2.0 on Saturday.

The programme has been running since 2007 with the support of Lockheed Martin Corporation and has supported close to 500 innovators, start-ups, creating an economic value of approx. USD 900 million.

The programme has been administered by the Indo-US Science and Technology Forum and implemented by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Through a wide outreach campaign undertaken by FICCI over the last 10

Sales leader appointed to head up Alcatel-Lucent Enterprise APAC Sales

Sales leader appointed to head up Alcatel-Lucent Enterprise APAC Sales

New Delhi [India], Mar 14 : ALE, operating under the Alcatel-Lucent Enterprise brand, today announced the expansion of its senior leadership team in Asia Pacific, a key region for the company, with the appointment of Pierre Samson as Vice President of Sales. Pierre will assume his role effective immediately and will be based from Singapore. He will report to Matthieu Destot, Executive Vice President, Global Sales and Marketing, ALE.

Pierre has over 12 years of experience in the industry and has held senior leadership positions as Head of the Unified Communication and Collaboration Business Unit for Large Accounts at Orange Business Services and most recently as Chief Operating Officer and Chief Sales Officer at Lexsi, a cyber security specialist which was acquired by Orange in 2016.

Air Freight Bazaar launches services globally; aims at meeting all needs

Air Freight Bazaar launches services globally; aims at meeting all needs

New Delhi [India], Mar 14 : India's first global Air Cargo aggregator platform Air Freight Bazaar has announced the launch of its services in India here today.

The platform is world's first air freight aggregator that provides freight forwarding rates and information related to the overall air cargo industry in real-time. Air Freight Bazaar's unique, single, global platform aims at addressing all the needs and requirements of the air cargo Industry bringing transparency, simplicity and efficiency into the process.

BSA appoints Venkatesh Krishnamoorthy as Country Manager

BSA appoints Venkatesh Krishnamoorthy as Country Manager

New Delhi [India], Mar 14 : The Software Alliance BSA on Tuesday announced the appointment of Venkatesh Krishnamoorthy as its Country Manager, India.

Venkatesh will lead all BSA activity in India with initiatives aimed at furthering BSA's policy priorities relating to software, managing software licensing compliance programs, and related enforcement strategies.

As Country Manager for India, Venkatesh will work closely with BSA

members to invest in areas that promote the continued progress of technology innovation so that India can capitalize on the opportunities of both today and tomorrow.

February WPI inflation rises 6.55 percent against 5.25 percent

February WPI inflation rises 6.55 percent against 5.25 percent

New Delhi [India], Mar 14 : The Wholesale Price Index (WPI) or inflation for the month of February rose by 0.5 percent to 185.5 (provisional) from 184.6 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 6.55 percent (provisional) for the month of February, 2017 (over February, 2016) as compared to 5.25 percent (provisional) for the previous month and -0.85 percent during the corresponding month of the previous year.

Primary articles index rose by 0.9 percent to 258.1 (provisional) from 255.7 (provisional) for the previous month.




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