NEWS

GST bill to be tabled in Rajya Sabha today

GST bill to be tabled in Rajya Sabha today

New Delhi [India], Apr. 5 : The much-awaited Goods and Services Tax (GST) Bill will be presented for discussion in Rajya Sabha on Wednesday.

The Lok Sabha earlier on March 29 passed four key GST Bills, rejecting amendments moved by the opposition. The Bills are related to Central GST, Integrated GST, UT GST and GST Compensation.

The Central GST deals with taxation related to Centre, integrated GST deals in taxation of inter-state movement of goods and services while the Union Territory GST Bill covers taxation in Union Territories.

The compensation law has been prepared to give a legislative backing to the Centre's promise to compensate the states for five years for any revenue loss arising out of GST implementation.

Whirlpool introduces all-new '3D Cool Inverter ACs'

Whirlpool introduces all-new '3D Cool Inverter ACs'

New Delhi [India], Apr 4 : Whirlpool has announced the launch of its most innovative range of Air Conditioners in the Indian market with a lineup of ACs includes Whirlpool 3D cool Inverter range and Fantasia Inverter, which are at par with the 2018 Bureau of Energy Efficiency (BEE) norms.

The leading home appliance company, Whirlpool has also launched its new Magicool AC 5 star range to make energy efficient products available to consumer at entry price points. Whirlpool's 3D Cool range has been designed keeping in mind the extreme humid conditions in India and the capability to perform during temperature of 52-55 degrees C.

Accenture acquires Genfour, aims to strengthen intelligent automation services

Accenture acquires Genfour, aims to strengthen intelligent automation services

New Delhi [India], Apr. 4 : Accenture acquired UK-based Genfour, a pure play automation service provider with deep domain expertise and industry experience in assessing, implementing and managing automation solutions. The acquisition strengthens Accenture's capabilities as a leading provider of intelligent automation services. Terms of the transaction were not disclosed.

The addition of Genfour expands Accenture's ability to apply intelligent automation solutions that help clients transform and re-engineer their business processes. Clients can take advantage of data-driven insights that enable faster, more informed business decisions and better quality of service to their customers.

JobsForHer launches Returnee Drive programs, extends support to women restarters

JobsForHer launches Returnee Drive programs, extends support to women restarters

New Delhi [India], Apr. 4 : JobsForHer (JFH), a connecting portal that enables women on a professional break to restart their careers, announced its Returnee Drive with some large women-friendly organisations.

These organisations, namely Sapient, Intuit and PayPal, extended support to help progress the gender agenda by making a strong commitment to increasing female participation in the workforce.

As business leaders, they recognise the industry's need to have a balanced workforce and enable career advancement for women. They know that gender-balanced companies with more engaged workforces achieve greater economic results.

RaysExperts commissions 5.5 MW Solar project for Delhi Metro Rail Corporation

RaysExperts commissions 5.5 MW Solar project for Delhi Metro Rail Corporation

New Delhi [India], Apr 4 : India's leading innovative solar solutions provider and one of the largest solar power EPC and Development companies RaysExperts on Tuesday announced that it has commissioned a 5.5 MV solar project for Delhi Metro Rail Corporation (DMRC).

This will be one of the largest distributed rooftop solar plants setup across India.

RaysExperts' solar installation will supply power to multiple metro stations, cleaning bays, parking yards and other metro rail supporting facilities. The project has the capacity to produce 87 million units of power every year.

Increase in IPP cap on production beyond reassessed capacity is a credit positive for urea manufacturers, says ICRA

Increase in IPP cap on production beyond reassessed capacity is a credit positiv

New Delhi [India], Apr 4 : Credit rating agency ICRA on Tuesday said that the Cabinet Committee on Economic Affairs (CCEA) has approved certain amendments related to increasing the IPP-linked cap on urea production beyond re-assessed capacity (RAC) in the New Urea Policy-2015 (NUP-2015) in a meeting held on March 31, 2017.

Further, to address any future fluctuations in the import parity price (IPP) that would have an adverse impact on the production beyond the RAC by urea units, the Department of Fertilizers (DoF) has been authorised to take an appropriate decision in consultation with Department of Expenditure.

Cyient and Amdocs to implement GIS in NetLink Trust's next generation B/OSS project

Cyient and Amdocs to implement GIS in NetLink Trust's next generation B/OSS

New Delhi [India], Apr.4 : Cyient, a global leader in communications engineering and service management assurance services and solutions, today announced a collaboration with Amdocs to implement GE's Geographical Information System (GIS), Smallworld, as part of the Next-Generation Business/Operations Support System (NGBOSS) project for NetLink Trust.

The NGBOSS project aims to improve the user experience for NetLink Trust's customers with faster deployment of new fiber networks while reducing fault repair and outage times, as well as delivering improved service quality.

CBDT accomplishes Direct Taxes collection target for FY 2016-17

CBDT accomplishes Direct Taxes collection target for FY 2016-17

New Delhi [India], Apr 4 : Central Board of Direct Taxes on Tuesday said that the provisional figures for revenue collections up to March, 2017 showed a gross Direct Tax collection of Rs. 10.09 lakh crore.

As per a notification by the company, the net collection after issue of refunds stands at Rs. 8.47 lakh crore which is 14.2 percent higher than the net collection for the corresponding period last year.

With this the CBDT has accomplished 100 percent of the direct tax target for Financial Year 2016-17.

Refunds amounting to Rs. 1.62 lakh crore have been issued during April 2016-March 2017, which is 32.6 percent higher than the refunds issued during the same period for FY 2015-16. This has substantially reduced the grievances of tax payers.

Provisional tax collection for fiscal 2016-17 shows net growth of 18 pct: Adhia

Provisional tax collection for fiscal 2016-17 shows net growth of 18 pct: Adhia

New Delhi [India], Apr.4 : Union Revenue Secretary Hasmukh Adhia on Tuesday revealed that the provisional tax collection for fiscal 2016-17 shows net growth of 18 percent.

Addressing media in the national capital, Adhia said that the government would shortly be issuing a detailed report on provisional tax collection.

In a tweet, he said, "Provisional tax collection figures for 16-17 released. Total net tax revenue grows at 18% to 17.10 lac cr, highest in last 6 years. Direct tax growth rate is 14.2% and indirect tax growth rate is 22%."

He said that direct tax collections upto March 2017 stood at Rs. 8.457 lakh crore, while indirect tax collections (Central Excise, Service Tax and Customs) for fiscal 2016-17 stood at Rs.8.63 lakh crore

Now get your favorite apps on Google Play with MobiKwik

Now get your favorite apps on Google Play with MobiKwik

New Delhi [India], Apr 3 : Indian mobile wallet major MobiKwik on Monday announced its association with Google Play for the customers to easily pay for their favorite apps and games in just one click.

The association will give access to a wide range of games, movies, fun and other entertainment apps and purchase them anytime without going to various authorized retailers.

"By associating with Google Play we want our customers to enjoy their cherished movies, read books, enjoy games and more without any problem. The users don't have to compromise with their wishes of purchasing any app on Google Play due to shortage of funds. MobiKwik takes every initiative to make our customers content and happy with our services," said Chief Business Officer at MobiKwik, Vineet K. Singh.

Ola integrates UPI, simplifies digital payment options for customers

Ola integrates UPI, simplifies digital payment options for customers

New Delhi [India], Apr 3 : Taxi aggregator Ola on Monday announced its effort to promote digital economy across the country as it integrated with Unified Payment Interface (UPI) to further simplify digital payment options for millions of customers.

The integration will allow Ola customers to use their unique UPI IDs to pay for all their rides on the Ola platform. UPI integration will lead to one of the fastest mode of payment for millions of Ola users.

As the country has made significant stride towards cashless economy, UPI itself has seen great acceptance, with the value of transaction through the interface reaching to more than 1300 crore, according to recent RBI report.

For a nation that is looking to migrate completely onto a digital medium,

Over 36.6 million records breached in India, says Gemalto report

Over 36.6 million records breached in India, says Gemalto report

New Delhi [India], Apr 3 : World leader in digital security Gemalto released the findings of the Breach Level Index revealing that 33 reported data breaches led to almost 36.6 million data records being compromised in India during 2016, an increase of 14 percent compared to 2015.

Identity theft and unauthorized access to financial data were the leading type of data breaches in 2016, accounting for 73 percent of all data breaches. In addition, 61 percent of the data breaches in 2016 did not disclose the number of compromised records at the time they were reported in India.

ixigo enters USD 20 billion smart wearables market with ixigo glass

ixigo enters USD 20 billion smart wearables market with ixigo glass

New Delhi [India], Apr 3 : India's leading travel search engine ixigo has announced the launch of a wearable product that will change the way one perceives the world around them.

ixigo glass is a first-of-its-kind smart wearable that helps users see real-time comparisons for whatever they lay their eyes on. For instance, if a user is looking through the glasses and sees a bunch of cabs on the road, the glasses will project the various price offerings, telling them which one they can book at the lowest fare.

L & T Technology Services conferred with prestigious Golden Peacock National Quality Award

L & T Technology Services conferred with prestigious Golden Peacock National

Bangalore (Karnataka) [India], Apr.3 : L & T Technology Services Limited, a leading global pure play engineering services company, is pleased to announce that it has been awarded the Golden Peacock National Quality Award, 2017, as a recognition of the company's consistent focus in enabling cutting edge technologies for global businesses.

The Golden Peacock Awards Secretariat conducted an exhaustive review of applicants' Quality Management Systems across various criteria such as best practices implemented, product and services development process, customer satisfaction scores, audit mechanisms and corporate governance structure among others.

Solar capacity addition estimated at 7~7.5 GW in FY2018, says ICRA

Solar capacity addition estimated at 7~7.5 GW in FY2018, says ICRA

New Delhi [India], Apr 1 : Credit rating agency ICRA estimates the solar capacity addition to increase from 3.5-4 GW in FY2017 to at least 7-7.5 GW (in grid connected utility segment) in FY2018.

The magnitude of solar project awards, both under the National Solar Mission ( NSM) and the state policy route in the past 12-18 months has been quite significant, though currently there is a temporary lull in the announcement of fresh bids. The backlog against these awards itself would support the estimated solar capacity addition as per ICRA study.

SBI begins operations as merged entity from April 1

SBI begins operations as merged entity from April 1

Mumbai (Maharashtra) [India], Apr. 1 : The State Bank of India has merged its five Associate Banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore besides Bharatiya Mahila Bank - with itself with effect from April 1.

With this six-way mega merger, the SBI has joined the league of top 50 banks globally in terms of assets.

The total customer base of the bank is now expected to reach 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

The merged entity will have a deposit base of more than Rs. 26 lakh crore and advances level of 18.50 lakh crore.

PVR Cinemas launches first four-screen multiplex in Ranchi

PVR Cinemas launches first four-screen multiplex in Ranchi

New Delhi [India], Apr. 1 : Multiplex chain PVR Cinemas launched its first multiplex in the capital city of Jharkhand- Ranchi. With this, PVR Cinemas has successfully established its presence in 50 cities across India.

The newly launched four-screen property is the largest and the most premium multiplex of the city, situated in the heart of Ranchi. Being elected to be developed as a smart city under the Government of India's ' Smart City Project'; Ranchi has witnessed tremendous development in the recent times. This surge of expansion has also opened opportunities resulting in a diverse population with evolved entertainment consumption patterns.

CBDT's APA Program crosses the 150 mark

CBDT's APA Program crosses the 150 mark

New Delhi [India], Apr. 1 : The Central Board of Direct Taxes (CBDT) entered into nine new Advance Pricing Agreements (APAs) during the last two days of the current financial year, thus crossing the 150 mark.

'Improved' wireless communication systems come closer to reality

'Improved' wireless communication systems come closer to reality

Washington D.C. [USA], Apr. 1 : A team of scientists has paved the way for ultrafast and reconfigurable on-chip wireless communication systems with unmatched advantages in compactness, low power consumption and low fabrication complexity.

Researchers from the University of Sydney made a breakthrough achieving radio frequency signal control at sub-nanosecond time scales on a chip-scale optical device.

Radio frequency (RF) is a particular range of electromagnetic wave frequencies, widely used for communications and radar signals. The work should impact the current wireless revolution.

Idea launches 4G services in Assam

Idea launches 4G services in Assam

New Delhi [India], Apr. 1 : Telecom operator Idea Cellular on Friday launched its 4G services in Assam circle, starting with five towns, namely Jorhat, Tezpur, Nagaon, Bongaigaon and Lumding, and is looking to further expand 4G network to cover 13 towns including Guwahati, by April 2017.

Idea also unveiled Digital Idea, a suite of digital applications for consumers in Assam. As part of the Digital Idea offerings, the company will offer a suite of three entertainment apps - Idea Music Lounge, Idea Movie Club and Idea Game Spark for its 13 lakh customers in Assam.




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