India

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.

Google splash colours on its Doodle to celebrate Holi!

Google splash colours on its Doodle to celebrate Holi!

New Delhi [India], Mar. 13 : When the festival of colours is here, how can Google be far behind from celebrating it!

Hence it dedicated the Doodle today to celebrate Holi, by taking on a fresh set of colours on it.

Google took to its blog to describe its Doodle, which read, "Today, the Google letters are taking on a fresh set of colors in honor of the Holi festival. Coinciding with the arrival of spring, the vibrant celebration looks a lot like the Doodle: people run around happily covering each other in a rainbow of powdery hues."

SBI announces 'SBI Infra Management Solutions' for estate matters

SBI announces 'SBI Infra Management Solutions' for estate matters

New Delhi [India], Mar 11 : The State Bank of India (SBI) on Saturday announced the incorporation of SBI Infra Management Solutions Pvt. Ltd. (SBIIMS Pvt. Ltd.) - a wholly owned subsidiary of SBI to manage premises and estate related matters of SBI.

The new subsidiary will be responsible for handling transaction management or advisory services, project management, facility management and implementation of policies and initiatives.

The decision to incorporate separate entity is implemented to save time of banks' executives who were involved in managing this non-core business so that these executives can instead focus on core Banking Services.

Mother Dairy to hike prices for Delhi NCR from today

Mother Dairy to hike prices for Delhi NCR from today

New Delhi [India], Mar 11 : Mother Dairy has announced price hike of all its variants in the Delhi NCR region with effect from today, i.e. March 11.

The milk manufacturer has announced the hike for its poly pack milk variants and bulk vended milk ( BVM) commonly referred as Token Milk.

The last consumer price revision in Delhi NCR for poly pack milk was taken in July 2016. Since then the consumer milk prices have been retained despite significant increase in raw milk purchase prices.

The milk prices which in a normal year comes down during winter months have gone up substantially. It is important to note that Mother Dairy has increased its farm prices by about Rs. 2.5 to Rs. 3/kg over July and compared to last year the prices are up by Rs. 5 to Rs. 6/kg.

Paytm to introduce new features to prevent credit card misuse in add money

Paytm to introduce new features to prevent credit card misuse in add money

New Delhi [India], Mar 10 : Paytm has announced that it is going to introduce new features to prevent the misuse of credit cards in adding money to the Paytm Wallet.

The company in a statement said that millions of customers and merchants have adopted Paytm as a part of their everyday life that includes paying at offline stores, shopping for groceries, paying for travel and paying their utility bills.

Genpact leverages artificial intelligence to help CFOs run smarter organizations with faster, more accurate financial reporting

Genpact leverages artificial intelligence to help CFOs run smarter organizations

New Delhi [India], Mar 10 : Global leader in digitally-powered business process management and services Genpact has launched its Artificial Intelligence (AI) Reporting solution that harnesses the power of AI technologies to automate financial planning and analysis (FP&A) operations and drive more timely, insightful reporting.

CFOs have fast, seamless access to both internal and external data sources like never before, driving more accurate forecasts for quicker, smarter business decisions.

Opteamix recognized as a 'Dream Company' to work for by World HRD Congress

Opteamix recognized as a 'Dream Company' to work for by World HRD Congress

New Delhi [India], Mar 10 : Opteamix LLC (Opteamix), a global technology firm, today announced that they have been recognized by World HRD Congress as one of the Dream Companies to Work for in 2017.

Opteamix was ranked 46th in this category which hadover750 companies from multiple industries across India. In addition to the Dream Company ranking, Opteamix was also recognized and ranked 8thfor"Innovative HR Practices" and 3rdin the category of "Corporate Social Responsibility Practices."

Opteamix was awarded these three prestigious awards at the 25thWorld HRD Congress that was presented in association with Times Ascent in Mumbai on February 15, 2017.

Dharmesh Arora appointed as new Managing Director, FAG Bearings India

Dharmesh Arora appointed as new Managing Director, FAG Bearings India

New Delhi [India], Mar. 10 : Dharmesh Arora, who is currently the President and CEO of the Schaeffler Group in India (parent company of FAG Bearings India Ltd), has taken charge as the Managing Director of FAG Bearings India Limited, effective March 6, 2017. He will also continue to be the Managing Director of INA Bearings India Pvt Ltd, another group company of Schaeffler in India.

"Arora is a veteran of Automotive Industry having worked with Maruti Suzuki, General Motors and with Schaeffler Group in various leadership positions across geographic regions of the world. We welcome him to this new position to steer the organization to greater heights," said Avinash Gandhi, Chairman of FAG Bearings India Ltd.

India, Belgium sign protocol enabling mutual assistance in collection of taxes

India, Belgium sign protocol enabling mutual assistance in collection of taxes

New Delhi [India], Mar. 10 : In order to strengthen the Centre's fight against the menace of black money stashed in offshore accounts, India and Belgium have signed a Protocol amending the existing agreement and protocol between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.

The protocol was signed by Chairman Central Board of Direct Taxes (CBDT) Sushil Chandra and Ambassador of Belgium to India Jan Luykx.

The protocol will broaden the scope of the existing framework of exchange of tax related information. This in turn will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.

Current account deficit to widen to USD 30 billion in FY2018, says ICRA

Current account deficit to widen to USD 30 billion in FY2018, says ICRA

New Delhi [India], Mar 9 : Credit rating agency ICRA in its report noted that it expects higher oil and gold imports to enlarge India's current account deficit to ~USD 30 billion (1.2 percent of GDP) in FY2018 from ~USD 20 billion in FY2017 (0.9 percent of GDP), arresting the trend of moderation recorded for four consecutive years since FY2014. However, the pressure related to the financing of a larger current account deficit would abate with the resumption of NRI deposits in FY2018.

LoanTap unveils innovation-driven model at 'Festival of Innovation' at Rashtrapati Bhavan

LoanTap unveils innovation-driven model at 'Festival of Innovation' at Rashtrapa

New Delhi [India], Mar 9 : Fintech platform delivering flexible EMI-free loan products to salaried professionals LoanTap participated in an esteemed '3rd Festival of Innovation' at the office of the President of India to recognize, respect and reward grassroots innovations and foster a supportive eco-system for them.

The event which was held at Rashtrapati Bhavan, witnessed Vikas Kumar, Founder and CTO of LoanTap leveraged the opportunity to pitch his innovative business idea in front of venture capital investors and accelerators.

Held in the month of March at The President's House, 'Festival of Innovation' is an annual event to promote creativity and innovation in India.

Betting big on Geo Analytics; Jugnoo reveals its secret tool of success 'Data Loops'

Betting big on Geo Analytics; Jugnoo reveals its secret tool of success

New Delhi [India], Mar 9 : Enthused by the profitable and effective tryst with 'Data Loops', Jugnoo unveils this best in breed technology for its fellow business owners and marketers. Primarily a Geo Analytics technology, 'Data Loops' is a terminology used for a continuous, iterative process of capturing and analyzing data, getting valuable insights, translating into action items and 'looping' the process all over again.

It is a Software Development Kit (SDK) and interested businesses can avail this service through Tookan, a B2B product from Jugnoo.

Google Cloud, SAP forge tie-up to develop enterprise solutions

Google Cloud, SAP forge tie-up to develop enterprise solutions

New Delhi [India], Mar 9 : Google has announced a new strategic partnership with SAP, focused on developing and integrating Google's best cloud and machine learning solutions with SAP enterprise applications.

The partnership will enable certification of the in-memory database SAP HANA on Google Cloud Platform(GCP), new G Suite integrations, Google's machine learning capabilities, and data governance collaboration, offers Google Cloud, SAP and customers more scope, scalability, and the exciting opportunity to create new products.

FDCI to dedicate the first-day of AIFW AW'17 to 'Handlooms and Textiles' of India

Fashion Design Council of India

New Delhi [USA], Mar. 9 : The Fashion Design Council of India (FDCI), in keeping with its commitment of staying true to the Indian ethos, will be dedicating the first day of the upcoming Amazon India Fashion Week AW'17, in association with Maybelline New York, to the celebrations of indigenous handlooms and textiles.

The event will be held from March 15-18 at the Jawaharlal Nehru Stadium, Lodhi Road.

Taking this further, in an attempt to pay homage to the unsung heroes- the weavers who spin magic, six shows with 71 style aficionados will translate their vision through heady ensembles on the first day of the fashion spectacle.

Alibaba's UCWeb enhances focus on content; launches 'We-Media Reward Plan 2.0'

Alibaba's UCWeb enhances focus on content; launches 'We-Media Reward Plan 2.0'

New Delhi [India], Mar 9 : Leading the user-generated content ecosystem in India, Alibaba Group's UCWeb Inc has announced the launch of We-Media Reward Plan 2.0, a self-creating content platform in India with an initial investment of 50 Million INR. The internet major is investing 2 Billion INR for driving content distribution in India over the next 2 years. UCWeb's content distribution platform UC News, launched in June 2016, has registered a new milestone by becoming one of the fastest growing apps in the country with a Monthly Active Users (MAUs) of over 80 Million in India (as of February 2017).

Veeam unveils new availability integration for Cisco HyperFlex

Veeam unveils new availability integration for Cisco HyperFlex

New Delhi [India], Mar 9 : Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, has expanded its work with Cisco by launching the direct snapshot integration with the Cisco HyperFlex hyperconverged infrastructure (HCI) platform.

The integration of Veeam Availability SuiteTM with the software-defined networking and computing power of Cisco UCS with the Cisco HyperFlex HX Data Platform is designed to deliver simplicity and enhance efficiency in the modern hybrid cloud era, with Veeam enabling enterprises to reduce backup and recovery times and improve overall operational performance.

Enabling Digital Transformation via the Hybrid Cloud

Ashiana Dwarka honored as "Budget Apartment Project of the Year"

Ashiana Dwarka honored as "Budget Apartment Project of the Year"

New Delhi [India], Mar 9 : Ashiana Housing Ltd., one of the renowned real estate developers in India, bags another accolade in its kitty.

Ashiana Dwarka, the 8.8 acre project situated in Jodhpur has been declared as " Budget Apartment Project of the Year" in Tier two cities by NDTV Property Awards, one of the most coveted real estate accolades.

GST Bill likely to be tabled before Cabinet on March 22

GST Bill likely to be tabled before Cabinet on March 22

New Delhi [India], Mar 8 : Maintaining the tempo for the much-awaited Goods and Services Tax (GST) against the backdrop of the crucial Uttar Pradesh Assembly elections, sources in the Finance Ministry on Wednesday said the bill will be presented before the Cabinet on March 22.

The government, which is leaving no stone unturned to lose its sight on the biggest tax reform, has said that the Central GST Law, Integrated GST Law, State GST Law and Union Territory GST and Compensation Law will be put together for the Cabinet's approval on March 22.

However, the Finance Ministry has said that it will table the CGST, IGST and Compensation Law before the Parliament on March 27.




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