NEWS

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.

NASA's Van Allen Probes uncovers 'relativistic' electrons

NASA's Van Allen Probes uncovers 'relativistic' electrons

Washington D.C. [USA], Mar. 16 : Earth's radiation belts, two doughnut-shaped regions of charged particles encircling our planet,were discovered more than 50 years ago, but their behaviour is still not completely understood.

Now, new observations from NASA's Van Allen Probes mission show that the fastest, most energetic electrons in the inner radiation belt are not present as much of the time as previously thought.

The results show that there typically isn't as much radiation in the inner belt as previously assumed, which is good news for spacecraft flying in the region.

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.

Did you know spiders eat 800 million tonnes of prey every year?

Did you know spiders eat 800 million tonnes of prey every year?

Washington D.C. [U.S.A.], Mar. 15 : A study shows that global spider population - with a weight of around 25 million tonnes - wipes out an estimated 400-800 million tonnes of prey every year, thus making an essential contribution to maintain the ecological balance of nature.

According to Zoologists at the University of Basel in Switzerland and Lund University in Sweden, more than 90 percent of the prey is insects and springtails (Collembola) and furthermore, large tropical spiders occasionally prey on small vertebrates - frogs, lizards, snakes, fish, birds and bats - or feed on plants.

The study was published in the journal 'The Science of Nature'.

World's oldest plant fossil discovered in India

World's oldest plant fossil discovered in India

Washington D.C. [U.S.A.], Mar. 15 : A team of researchers has discovered fossils of 1.6 billion-year-old probable red algae in India, indicating that advanced multicellular life evolved on earth much earlier than previously thought.

The study, appeared in the open access journal PLOS Biology, found two kinds of fossils resembling red algae - first type is thread-like, the other one consists of fleshy colonies - in uniquely well-preserved sedimentary rocks at Chitrakoot in Central India.

The scientists were able to see distinct inner cell structures and so-called cell fountains, the bundles of packed and splaying filaments that form the body of the fleshy forms and are characteristics of red algae.

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.

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.

New find paves way for 'brain-like' computers

New find paves way for 'brain-like' computers

Washington D.C. [USA], Mar. 13 : Turns out, brain is 10 times more active than previously measured.

This UCLA finding could change scientists' understanding of how the brain works and could lead to new approaches for treating neurological disorders and for developing computers that "think" more like humans.

The research focused on the structure and function of dendrites, which are components of neurons, the nerve cells in the brain. Neurons are large, tree-like structures made up of a body, the soma, with numerous branches called dendrites extending outward.

'Fishing out' radioactive elements from nuclear waste

'Fishing out' radioactive elements from nuclear waste

Washington D.C. [USA], Mar. 13 : According to a recent study, arsenic molecules might be used to "fish out" the most toxic elements from radioactive nuclear waste - a breakthrough that could make the decommissioning industry even safer and more effective.

The University of Manchester's Elizabeth Wildman reported the first examples of thorium with multiple bonds to arsenic to exist under ambient conditions on multi-gram scales where before they had only been prepared on very small scales at temperatures approaching that of interstellar space (3-10 Kelvin).

"Nuclear power could potentially produce far less carbon dioxide than fossil fuels, but the long-lived waste it produces is radioactive and needs to be handled appropriately," said Wildman.

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.




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