India

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.

Gradeup launches paid mock test app for competitive exam aspirants

Gradeup launches paid mock test app for competitive exam aspirants

New Delhi [India], Mar 8 : India's largest test prep community, Gradeup, in an attempt to provide value added services to aspirants, has released a new app. This app contains paid practice tests for a number of Banking, SSC, and GATE exams.

Students can purchase and practice the tests, and analyze their own performance for the exam they are taking. Within a month of getting launched - this app has already crossed 100,000 downloads on Google play store.

Gradeup intends to provide two key benefits to aspirants - first the ability to

practice fresh questions that are based on the pattern of the exams that they are taking. This directly helps students in understanding their own performance and planning for improvement.

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.

HCL announces three stage Internet of Things Maturity Framework

HCL announces three stage Internet of Things Maturity Framework

Noida (Uttar Pradesh) [India], Mar.8 :'IoT WoRKSTM by HCL', the Internet of Things (IoT) business unit of HCL Technologies, has announced the launch of IoT Maturity framework titled, "IoT Maturity: Bridging the Gap Between Devices and Value", as seen in MIT Sloan Management Review.

This Executive Scholar Exchange (ESE) provides a roadmap for large enterprises for IoT-led business transformation and how to exponentially increase the value derived from IoT investments.

Among the key findings of this framework are the three stages of enterprise-IoT maturity:

Maturity level 1: Process efficiency using IoT-enabled data

Maturity Level 2: Building new revenue streams

Maturity Level 3: Business transformation leveraging IoT data-led insights

Teradata launches data and analytic SaaS, IntelliCloud

Teradata launches data and analytic SaaS, IntelliCloud

New Delhi [India], Mar. 7 : Teradata, a leading analytics solutions company, announced Teradata IntelliCloudâ„¢, its next-generation secure cloud offering that provides data and analytic software-as-a-service (SaaS).

It is available with new deployment choices including Teradata IntelliFlexâ„¢, the company's flagship enterprise data warehouse platform that Teradata will deploy and manages in its own data centers, and global public cloud infrastructure from Amazon Web Services (AWS) and later, from Microsoft Azure.

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.




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