Business News

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.

India to make available more soft loans for new infrastructure projects in Nepal: Jaitley

India to make available more soft loans for new infrastructure projects in Nepal

New Delhi [India], Mar 3 : Union Finance Minister Arun Jaitley, who is attending the Nepal Investment Summit 2017 at Kathmandu, has stated that New Delhi is Kathmandu's largest partner in trade and investment with more than two-third of the country's trade being with India, accounting for nearly 40 percent of total FDI in Nepal.

"Nepal is well poised to attract further FDI from India by creation of a conducive legal and regulatory framework," said Jaitley while addressing the Nepal Investment Summit.

While sharing his views on India's experience in reforming its economy and attracting Foreign Direct Investment (FDI), Jaitley said that India and Nepal have wide ranging engagement in trade and investment.

Industry upbeat to expand business with IORA, says FICCI survey

Industry upbeat to expand business with IORA, says FICCI survey

New Delhi [India], Mar 3 : The Indian Ocean has been a fulcrum of Indian diplomacy. According to the Government of India, maritime trade accounts for about 75 percent value and more than 90 percent of volume of Indian trade.

Possessing a population of two billion people with nine percent of world GDP, 12 percent of global exports and 18 percent of global investment flows, the IOR region has enormous economic potential to expand and grow.

Ramasita posing as a doctor in Apollo Hospitals and spreading false rumors about former CM's death, arrested

Ramasita posing as a doctor in Apollo Hospitals and spreading false rumors

New Delhi [India], Mar 3 : Apollo Hospitals today confirmed that on 24.02.2017, the Hospital filed a Criminal Complaint against the woman going by the name "Ramasita" who was posing as a doctor in the Hospital and making false and fabricated statements about the Former CM's Death.

"Ramasita" had alleged during a public meeting held recently in R.K. Nagar that she was on duty at the hospital when Late Tamil Nadu Chief Minister was brought to the hospital, and that she was brought dead.

A video recording of her speech was widely circulated on Social Media, TV channels and in News Print. This caused tremendous turmoil, damaged the Hospital's image in the minds of people and considerable distress amongst its patients.

Online partnerships driving growth for FreeCharge; fuel and food categories leading way in offline partnerships

Online partnerships driving growth for FreeCharge; fuel and food categories lead

New Delhi [India], Mar 2 : Amidst increasing digital payments push and awareness amongst consumers, FreeCharge today announced that it is witnessing a major chunk of its transactions coming through online partners.

Nearly 20 percent of the wallet transactions happening on the platform are on either one of the online merchant partners. This is closely followed by offline partnerships wherein fuel and food are the top two categories driving adoption and transaction.

GST to be implemented on July 1: GSTN

GST to be implemented on July 1: GSTN

New Delhi [India], March 2 : The Goods and Services Tax Network (GSTN) will comply with the deadline set by the Ministry of Finance regarding the official implementation of the much-awaited GST Bill scheduled for July 1, 2017.

GSTN CEO Prakash Kumar claimed that all necessary arrangements for timely implementation of the GST have been made.

"The Reserve Bank of India ( RBI) had already approved 30 banks for payment regarding the GST. Apart from these banks, the payment can be made via other banks through the National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS)," Kumar told ANI.

Snapdeal, Truecaller partner to make your shopping experience frictionless

Snapdeal, Truecaller partner to make your shopping experience frictionless

New Delhi [India], Mar 2 : India's largest online marketplace Snapdeal has partnered with Truecaller, one of the leading communication apps in the world to enhance consumer experience by integrating Truecaller Priority in the company's IVR and order confirmation numbers.

Customers with Truecaller app installed on their mobiles will be able to easily identify and filter IVR or delivery verification calls when shopping on Snapdeal.

Any calls received by users who have placed an order on Snapdeal, while be clearly marked as 'Snapdeal Order Team' or 'Snapdeal Delivery Team', and color coded in purple; thus, assuring the users that the call is important and from a reliable source, not spam.

Wydr to launch virtual trade fair for wholesalers, retailers in India

Wydr to launch virtual trade fair for wholesalers, retailers in India

New Delhi [India], Mar 2 : E-commerce wholesale app, Wydr, announced the launch of a virtual live trade-fair for wholesalers and retailers across India, as it completes one year of operations.

Wholesalers and manufacturers from across India will get a platform to showcase their product portfolio at the E-Fair, which goes live from March 7 to 9, 2017. It will also enable them to interact live with retailers and other bulk buyers.

"The USD 400 bn Indian Wholesale segment is seeing a huge shift to online sales. By bringing to India the first of its kind online trade exhibition for independent retailers, Wydr is changing the way buyers and sellers discover each other," said Devesh Rai, Founder and CEO, Wydr.

Air passenger traffic continues strong growth trajectory; records 20 pct increase: ICRA

Air passenger traffic continues strong growth trajectory; records 20 pct increas

New Delhi [India], Mar 1 : Credit rating agency ICRA on Wednesday said that the December 2016 air passenger traffic in the country stood at 24.3 million, exhibiting a substantial growth of 20 percent over December 2015.

The report further added that during FY2017, the passenger traffic has reported a y-o-y growth of 19 percent, aircraft traffic has grown by 15 percent and cargo traffic has grown by nine percent.

"The passenger growth in December has been primarily driven by significant y-o-y increase in domestic traffic, which constitutes 77 percent of the passenger traffic in the country and has reported a 24 percent y-o-y growth in December 2016 as against 22 percent growth in November 2016," said vice president and sector head for corporate ratings ICRA, Harsh Jagnani.




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