Business News

Indian Aviation Industry to witness max passenger traffic growth amidst profitability pressure, says ICRA

Indian Aviation Industry to witness max passenger traffic growth amidst profitab

New Delhi [India], Mar 8 : Credit rating agency ICRA has said that the Indian Aviation Industry is likely to report 22 to 23 percent passenger traffic growth in FY2017 supported by ongoing low airfare regime says ICRA in its report.

The airlines are maintaining healthy PLFs backed by low airfares. However, since the ATF prices have been on an uptrend during the year, the impact on profitability of the airlines during Q4 FY2017 is inevitable as average ATF prices during the quarter are 37.9 percent higher YoY, while the yields continue to remain under pressure.

IndiaMART forays into fintech, plans to enable 3 mn sellers with a suite of products

IndiaMART forays into fintech, plans to enable 3 mn sellers with a suite of prod

New Delhi [India], Mar 8 : IndiaMART, India's largest online marketplace has announced its entry in the payments space to enable over three million sellers on its platform. Addressing the bottleneck of trust deficit for the SMEs, the company has launched its buyer and seller protection program which will enable the sellers to remain free from the concern of payment risk, and assure the buyers that they will receive exactly the product or service they expect before the payment is made.

Soumitro Chakraborty, CEO Fiinovation awarded CSR Leadership Award

Soumitro Chakraborty, CEO Fiinovation awarded CSR Leadership Award

New Delhi [India], Mar.8 : In the sixth edition of World CSR Congress, Mr. Soumitro Chakraborty, Chief Executive, Fiinovation was awarded with the 'CSR Leadership Award' for his contribution in Corporate Social Responsibility and sustainability in Mumbai recently.

Mr. Soumitro Chakraborty, laid the foundation of Fiinovation, a global CSR consulting company, and has dynamically contributed to making an impact in the overall development of the community through simplified solutions. He is also currently an active Committee Member of the CII Northern Region: Regional Committee on Affirmative Action and Chairperson - Centre for CSR and Sustainability Excellence.

Ola Play now available on Ola's Rental offering

Ola Play now available on Ola's Rental offering

New Delhi [India], Mar 8 : Taxi aggregator Ola's hourly package service - 'Ola Rentals', gets more personal and contextual with the introduction of its latest connected car platform - Ola Play.

The service which was launched in November 2016, has been instrumental in transforming the in-cab experience for thousands on the go. With its launch in Rentals, the company expects the demand for this category to grow by at least 4x times over the next quarter.

Since its launch early last year, the Ola Rentals category has grown to become one of the most preferred mobility options especially among Ola Corporate customers and specific use cases like airport pickups, sight-seeing, day long meetings etc.

Compensation for GST losses to impart certainty to state budgeting, says ICRA

Compensation for GST losses to impart certainty to state budgeting, says ICRA

New Delhi [India], Mar 7 : Credit rating agency ICRA on Tuesday released its view on the draft compensation norms for revenue losses related to the transition to the much-awaited goods and services tax (GST) would impart an element of certainty for budgeting at the state level, given that the transition may turn out to be temporarily disruptive, and that the pace of growth of central transfers to state governments is forecast to halve in the coming fiscal.

Dabur aims to provide healthier workplace for women

Dabur aims to provide healthier workplace for women

New Delhi [India], Mar. 7 : Ahead of International Women's Day, Ayurvedic healthcare company Dabur India Ltd has taken up the cause of health and safety for its women employees.

As part of its efforts to create a healthier workplace, Dabur will be hosting special 'Yoga @ the Workstation' classes for its women employees to help them reduce work-related stress and inspire them towards a better work-life balance along with insights on nutrition. Additionally, the women employees at Dabur would also undergo a special training on proactive safety and security for self.

MakemyTrip, PayPal tie-up for hotel bookings

MakemyTrip, PayPal tie-up for hotel bookings

New Delhi [India], Mar 7 : PayPal, one of the world's leading payments platforms today announced an extension of its merchant partnership with MakeMyTrip, leading Indian online travel booking company, to facilitate hotel and holidays booking in addition to airline tickets.

As a global leader in digital payments, we are committed to put our customers at the centre of everything. Our strong on risk and security has enabled us to become a payment choice for millions of consumers around the world.

The partnership with MakeMyTrip will help foreign tourists continue to enjoy the seamless and secure PayPal experience to book hotels and holiday packages and tide through the recent challenges they are facing post the demonetization of select Indian currencies.

Paytm to dismiss cancellation charge for bus ticket bookings

Paytm to dismiss cancellation charge for bus ticket bookings

New Delhi [India], Mar. 7 : Digital payment gateway Paytm announced a 'zero cancellation charge' policy that will allow users to claim 100 percent refund on their bus tickets, even if they cancel the ticket as late as six hours before departure.

For a nominal fee starting from Rs. 34 per ticket, customers will have the option of planning their trips well in advance without the fear of exorbitant cancellation charges in case of any last minute changes. The additional fee would go as a premium to Paytm's insurance partner and enable instant refund to customers' Paytm wallet in case of ticket cancellation.

Kotak Mahindra Bank launches DigiLocker on Government of India's platform

Kotak Mahindra Bank launches DigiLocker on Government of India's platform

New Delhi [India], Mar 7 : Kotak Mahindra Bank (KMB) on Tuesday announced that it has become India's first bank to launch access to DigiLocker on the Bank's Net Banking platform.

Through this platform, customers can eliminate the use of physical documents as Aadhaar-linked documents can be automatically fetched from Digilocker partner institutions. Customers can also download pre-verified documents themselves by providing some details.

Snapdeal reduces payment time to sellers by 40 pct

Snapdeal reduces payment time to sellers by 40 pct

New Delhi [India], Mar 7 : Snapdeal today announced a major benefit for its sellers by reducing its seller payment cycle by 40 percent, thereby becoming the e-commerce platform that offers the fastest payment schedule in the country.

Snapdeal's announcement is a welcome move for the 3,00,000 sellers on its platform. Faster payments will enable them to use their working capital more efficiently and generate additional business without needing to invest additional funds. For sellers who are working on the SD+ model, today's announcement will mean a whopping 40 percent faster payment, which is also the best in class in Indian e-commerce industry.

Japanese companies introduces cutting edge technology for modern lifestyle

Japanese companies introduces cutting edge technology for modern lifestyle

Tokyo [Japan], Mar.7 : Robots play a significant role in today's modern life. ORIX Rentec Corporation started a robot rental service called "RoboRen" in April last year.

Now, Tokyo Robot Lab, a showroom for robots, has been displaying multiple new next generation Robots.

WATConsult to strategise Brussels Airlines' digital media strategy in India

WATConsult to strategise Brussels Airlines' digital media strategy in India

New Delhi [India], Mar. 6 : WATConsult, a digital and social media agency bagged the social media mandate of Belgium's largest airline, Brussels Airlines, thus enabling the airline to expand its operations in India.

A subset of the Dentsu Aegis Network, WATConsult will be involved in the digital media strategy planning for the brand's Indian presence along with the content creation and design across its social media platforms.

PayPal opens registrations for second edition of 'Recharge'

PayPal opens registrations for second edition of 'Recharge'

New Delhi [India], Mar. 6 : Online payment aggregator PayPal announced the launch of 'Recharge,' a unique six-week programme focussed on empowering women technologists to get back to work after taking time off to explore their passions, develop interests and strengthen families.

Recharge is open to women who have taken a personal career break for a period of upto five years, with at least five years of work experience in product development and analytics and with backgrounds in Java, J2EE, PEGA, test automation, release engineering and risk analytics.

Knowlarity strengthens its tech backbone; appoints Ajay Shrivastava as CTO

Knowlarity strengthens its tech backbone; appoints Ajay Shrivastava as CTO

New Delhi [India], Mar 6 : World's leading cloud communications company Knowlarity has announced appointment of Ajay Shrivastava as Chief Technology Officer.

Ajay was the Head of Technology at OYO Rooms before, and has been a technical leader in start-ups as well as established global leaders such as Intel, Adobe, Microsoft, Expedia, SlideShare, LinkedIn and OYO.

Considered a veritable tech wizard, he specializes in high-performance execution of technology and will be bringing this prowess on board at Knowlarity to further bolster its tech infrastructure.

Ola signs MoU with Government of Madhya Pradesh; to create 25,000 entrepreneurs in state

Ola signs MoU with Government of Madhya Pradesh; to create 25,000 entrepreneurs

New Delhi [India], Mar 4 : In a major step ahead, towards its goal of nurturing micro entrepreneurship and skilling 50 lakh drivers by 2020, taxi aggregator Ola has signed a Memorandum of Understanding ( MoU) with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development (Technical Education and Skill Development Dept.) Govt. of Madhya Pradesh here today.

In line with Prime Minister Narendra Modi's Skill India initiative, the MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years.

GST Council meet at Vigyan Bhawan begins; to finalize supporting legislations

GST Council meet at Vigyan Bhawan begins; to finalize supporting legislations

New Delhi [India], Mar 4 : The crucial Goods and Services Tax (GST) Council meet, headed by Finance Minister Arun Jaitley has commenced at Vigyan Bhavan with the agenda to get the council's approval on iGST (integrated GST), cGST (central GST) and sGST (state GST) drafts before the second half of the budget session of Parliament that begins on March 9.

However, the State GST and UT GST will not be on the council's agenda for today as the tax reform lies pending with the Law Commission for legal framing.

The government is keen to roll out the new regime from 1 July for which it is likely to hold 12 GST Council meetings in the next week to discuss and get it cleared.

Vodafone launches recruitment programme for women on career break

Vodafone launches recruitment programme for women on career break

New Delhi [India], Mar. 04 : Vodafone has launched world's largest recruitment programme for women who took break in their careers.

The ReConnect programme is designed to attract talented women who have left the workplace for several years (in most cases to raise a family) and who would like to return to work on a full-time or flexible basis but are struggling to make the professional connections needed or refresh the skills required.

The programme will operate across 26 countries with a target of 1,000 ReConnect recruits within three years.

ReConnect will complement other Vodafone global initiatives focused on encouraging and supporting women in the workplace including the Group's groundbreaking global maternity policy announced in March 2015.

Hunarr forays into finance sector to enhance its service portfolio

Hunarr forays into finance sector to enhance its service portfolio

New Delhi [India], Mar 3 : Online training aggregator Hunarr has announced its foray into the finance sector in a bid to add more options for its users.

Expansion to newer domains is an effort to ensure that all users coming to the portal have access to courses they are interested in. In addition to augmenting its service portfolio, Hunarr will also refer candidates to B-Schools for full-time or part time MBA courses, majorly in Finance and also provide leads to the likes of Bombay Stock Exchange.

Marks & Spencer launches on Amazon.in

Marks & Spencer launches on Amazon.in

New Delhi [India], Mar 3 : Marks & Spencer (M&S), the iconic British brand, has today launched on India's largest online store, Amazon.in, making it even more convenient for customers across India to shop its quality clothing and beauty ranges.

From today, Indian customers can now shop circa 1,000 Marks and Spencer products across Womenswear, Lingerie, Menswear, Kidswear and Beauty via amazon.in or marks&spencer.

Customers will also be able to shop Marks & Spencer cosmetics online for the first time in India, with 220 lines available exclusively on Amazon.in.

In Women's wear, customers can choose from key pieces from the spring range including stylish floral dresses with feminine detailing; authentic, fitted denim; and that must-have soft-touch trench coat.

Capillary Technologies eyes expansion; to hire 200 people across Asia

Capillary Technologies eyes expansion; to hire 200 people across Asia

New Delhi [India], Mar 3 : Omni-channel customer engagement and commerce platform Capillary Technologies has announced its plans to hire 200 people across Asia.

The announcement is in line with the company's commitment to achieve a stellar revenue growth of 2X by March 2018.

Capillary Technologies is investing USD four million annually in order to launch products to make the process for brands' seamless, thereby helping them deliver the best-in-class customer experience.

This entails a strong, talented workforce who would ideate and come up with innovative products, given the upcoming trend of chatbots, AI and other such products which are set to revolutionize the retail industry.




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