India

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.

Trubore, a new inception for a popular brand in Mumbai

Trubore, a new inception for a popular brand in Mumbai

New Delhi [India], Mar 16 : 17th of January 2017, was the day when the city of Madurai observed Trubore's maiden launch event called Tru-Go. This event empowered the brand to enter into the pan-India market. Despite its familiarity in the South, Trubore took a rebirth in a completely bold new form. The company revealed its new-age logo in a spectacular fashion at the event, attended by over 300 dealers and distributors from across Tamil Nadu.

Google Maps 'transit feature' now enabled in seven more Indian cities

Google Maps 'transit feature' now enabled in seven more Indian cities

New Delhi [India], Mar 16 : Google India on Thursday announced expansion of the transit feature on the Google Maps to seven more Indian cities including Chandigarh, Lucknow, Vadodara, Indore, Mysore, Surat and Coimbatore.

The new transit feature will help users better plan their commute around the city, and make it easier to get an overview of public transportation around them.

With today's update, the transit feature is now available in sixteen Indian cities including the new ones.

"Google Maps is your guide to the world around you, and this launch is part of our effort to reflect the real world and provide you with relevant information about your surroundings," said product manager Google Maps, Sanket Gupta.

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.

Organizations around globe becoming better at detecting breaches: Report

Organizations around globe becoming better at detecting breaches: Report

New Delhi [India], Mar. 15 : FireEye, Inc., the leader at stopping today's advanced cyber attacks, recently released the Mandiant M-Trends 2017 report.

The report shares statistics and insights gleaned from Mandiant investigations around the globe in 2016, as well as specific to the EMEA and APAC regions.

Additionally, they have included insights from their FireEye as a Service (FaaS) teams for the second consecutive year.

Some of the key points include:

•Organizations around the globe are becoming better at identifying breaches. The global median time from compromise to discovery has dropped significantly from 146 days in 2015 to 79.5 days in 2016.

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:

Bariatric surgery ideal to address acute obesity

Bariatric surgery ideal to address acute obesity

New Delhi [India], Mar. 15 : Obesity in India has been increasing at an alarming rate over the past three decades.

India is under siege; junk food, alcohol and sedentary lifestyle are leading us to silent self-destruction, making one in every five Indian men and women either obese or overweight.

According to a study published in the noted journal Lancet, India is just behind US and China in this global hazard list of top 10 countries with highest number of obese people.

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.

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.




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