Business News

ZingHR wins CIO CHOICE 2017 Honor and Recognition in HR and Global Payroll Services for SMEs

ZingHR wins CIO CHOICE 2017 Honor and Recognition in HR and Global Payroll

Mumbai [India], Jan.16 : ZingHR, the new age employee-centric cloud HCM Platform, announced on 6th January, 2017, that it was honored with CIO CHOICE 2017 Award in HR and Global Payroll Services for the SME category. CIO CHOICE celebrated its 5th Anniversary, the only independent ICT Vendor Recognition platform - Voice of CIOs in India.

The marquee 5th Annual CIO CHOICE Recognition landmark event saw a gathering of 400+ CIOs and ICT Business Leaders. This exclusive Red Carpet Night, presented Honor and Recognitions in 52 categories, recognizing 28 distinct ICT Brands.

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi

Abu Dhabi (United Arab Emirates), Jan.16 : FICCI is leading a high-level Business Delegation accompanying Mr. Piyush Goyal, Minister of Power, Coal, New & Renewable Energy & Mines to the World Future Energy Summit at Abu Dhabi during 15-18 January 2017.

As a part of the Minister's visit to participate in 7th International Renewable Energy Agency (IRENA) Assembly Meeting and the World Future Energy Summit a visit to Masdar Smart City was undertaken.

The city, which combines ancient Arabic architectural techniques with modern technology and captures prevailing winds and uses clean energy generated on site from rooftop solar technology.

Liberty Group signs exclusive deal with Letstrack for kids security

Liberty Group signs exclusive deal with Letstrack for kids security

New Delhi [India], Jan. 16 : Letstrack, UK based IoT startup, is now in collaboration with Anything Skool, an initiative of Liberty Innovation Outfits Limited, covering more than 500 schools for One Stop Safety and Security Solutions.

Letstrack is a global real time instant messaging and tracking app for smart phones, tracking devices and browsers. With the association, Anything Skool will connect Letstrack to its schooling partners so that schools can take an initiative towards safety and security of their students. Letstrack will provide their tracking devices to the buses of the school which will help schools track their buses easily.

IndianGiftsPortal launches India's first gift discovery platform

IndianGiftsPortal launches India's first gift discovery platform

Mumbai [India], Jan. 16 : IndianGiftsPortal (now IGP.com), a multi-category gifting company, has launched its new revolutionary web portal based on ground-breaking innovation for a superior customer experience. The highly interactive and intuitive 'gift discovery platform' will allow customers to find the perfect gift for their loved ones in a swift and seamless manner.

Remonetise India - A citizen's pledge has been kicked Off by Times Network

Remonetise India - A citizen's pledge has been kicked Off by Times Network

Mumbai [India], Jan.16 : Times Network, the broadcast arm of the Times Group initiated, 'Remonetise India - A Citizen's Pledge', a nationwide crusader campaign, urging Indians to take the next step from demonetization and pledge for growth.

Keeping the government's vision in mind, Remonetise India is an initiative by the Times Network which calls all the Citizens of India to come out and make a difference.

Organic Shop is back with the 'Organic Loot'

Organic Shop is back with the 'Organic Loot'

Jaipur, Rajasthan [India], Jan. 16 : After the success of its previous two editions in 2014 and 2015, the third edition is all set to raise the bar higher with discounts up to 85 percent on categories like clothing, food, beauty care, health and wellness and home and garden. With the growing demand for organics and massive response from its previous two editions, this year the Loot is planned for two days from January 19 to 20, 2017 with heavy discounts on all products.

MindHour presents unlimited exam doubt support

MindHour presents unlimited exam doubt support

Bengaluru, Karnataka [India], Jan. 16 : MindHour, an EduTech company, announces 'Free and Unlimited Doubt Clearing' support named 'MindHour Se Poochhlo' starting on Monday on their website.

The endeavour is specially designed to provide the students with a perfect solution to all their questions. Qualified and experienced teachers will go all the way to make sure that the query is resolved.

Sumit Marda, MindHour CEO and Co-Founder, speaking on the announcement of 'MindHour Se Poochlo', said, "'MindHour se Poochlo' is a unique idea specially created for the students to clear all their doubts during the pre exam days. It is an extraordinary concept to provide students with every possible solution."

Commerce Ministry launches 'SEZ' app under e-governance initiative

Commerce Ministry launches 'SEZ' app under e-governance initiative

New Delhi [India], Jan. 16 : A mobile app called 'SEZ India' has been launched by the Commerce Ministry that provides detailed information about the country's special economic zones, an official statement said yesterday.

The SEZ Division, Department of Commerce under its broader e-governance initiative that is, SEZ online System, has developed mobile app earlier this month for Special Economic Zones (SEZs).

The Commerce Ministry launched the app and mentioned that the app would help the SEZ units and developers to find information easily and track their transactions on SEZ online System.

With the help of the app, the SEZ developers and units can file all their transactions digitally through SEZ online system and track the status.

Policybazaar.com launches a new campaign for term insurance awareness

Policybazaar.com launches a new campaign for term insurance awareness

New Delhi [India], Jan. 15 : Policybazaar.com has launched a new television campaign, with the tagline 'Policybazaar.com par term insurance lena bhool kar bhi mat bhoolna'. The campaign aims to highlight the importance of having a term insurance plan.

The new TV commercial will see actress Achint Kaur as a Seance medium.

With this campaign, Policybazaar.com intends to give a push to the consumers' buying decisions, by focusing on the challenges that the family would have to face in their absence, including inability to sustain the current lifestyle. A month long campaign is designed by the in-house team of Policybazaar.com and executed by K Silent Productions. The TV campaign will go on air on January 15, 2017.

Healthcare sector needs rational stent pricing, says NATHEALTH

National Pharmaceutical Pricing Authority

New Delhi [India], Jan. 13 : With recent government notification to bring stents under the country's drug price control order, the prices of the life saving device would be regulated and capped by the National Pharmaceutical Pricing Authority (NPPA).

In view of the latest notification and its wider implications on healthcare technology providers, Healthcare Federation of India (NATHEALTH) has suggested that the government needs to form a Health Technology Assessment Board for standardising and regulating the stent quality in India.

Louvre Hotels Group announces acquisition of Sarovar Hotels

Louvre Hotels Group announces acquisition of Sarovar Hotels

New Delhi [India], Jan. 13 : Louvre Hotels Group has announced its acquisition of a majority stake in Sarovar Hotels, the largest independent Indian hotel chain in terms of hotels and presence.

The group has decided to become a majority stakeholder in Sarovar Hotels, an Indian company made up of 75 hotels on the premium, mid-range and budget sectors, through 3 leading brands -- Sarovar Premiere, Sarovar Portico and Hometel. There will be, however, no change in management of the Sarovar Group.

PVR Cinemas crosses 100 crore box office collection for the movie 'Dangal'

PVR Cinemas crosses 100 crore box office collection for the movie 'Dangal'

New Delhi [India], Jan 13 : An historical milestone in the Indian film industry where the largest multiplex chain in the country, PVR Cinemas has crossed the 100 crore box office collection mark.

The multiplex chain continues to be the frontrunners in providing the world class cinema experience to its patrons and achieve greater milestones each year. Continuing this legacy, the beginning of the year 2017 has proven to be extremely promising for the brand, where it has attained a stellar Rs. 100 crore box office collection for the movie 'Dangal'- a fiercely overwhelming movie of this year.

Idea Cellular to raise Rs. 500 crore via non-convertible debentures

Idea Cellular to raise Rs. 500 crore via non-convertible debentures

New Delhi [India], Jan 13 : Telecom operator Idea Cellular on Friday announced its plans to raise Rs. 500 crore through issuance of non-convertible debentures.

The telecom company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs 500 crore on private placement basis.

Idea in a regulatory filing today announced its plan is to issue NCDs on January 17 on National Stock Exchange on which it is offering 7.77 percent annual interest.

"The date of maturity for these NCDs will be January 17, 2022. This would be the third fund raising round by Idea within a period of two months. Idea raised Rs. 1,500 crore on December 13 and Rs. 1,000 crore on January 4 through issue of debentures on private placement," added the regulatory filing. (ANI)

Future Generation Optical Transport Networks Summit 2017 to be held in Mumbai on February 8

Future Generation Optical Transport Networks Summit 2017 to be held in Mumbai

New Delhi [India], Jan. 13 : Nexgen Conferences has announced the second edition of Annual Future Generation-Optical Transport Networks Summit 2017, an international conference cum exhibition. This conference will be held on Wednesday, February 8, 2017 at ITC Maratha in Mumbai.

The conference is designed to bring together key telecom industry professionals, stakeholders, leaders, analysts and users under one roof to participate in the discussions on optical technology development and deployment requirements. The emphasis will be on exploring smarter as well as cost-effective solutions for entire Optical Transport Network (OTN) portfolio including optical-fibre technology, Wave-length Division Multiplexing (WDM) and high-capacity network infrastructure.

World's jobless to rise amid economic uncertainty, growing inequality: UN report

World's jobless to rise amid economic uncertainty, growing inequality: UN report

Geneva [Switzerland], Jan. 13 : The United Nations International Labour Organization (ILO), which released its 2017 World Employment and Social Outlook on Thursday, finds economic growth trends lagging behind employment needs and predicts both rising unemployment and worsening social inequality throughout 2017.

"We are facing the twin challenge of repairing the damage caused by the global economic and social crisis and creating quality jobs for the tens of millions of new labour market entrants every year," said ILO Director-General Guy Ryder.

OTBL launches environment conservation programme for Gujarat schools

OTBL launches environment conservation programme for Gujarat schools

New Delhi [India], Jan 12 : ONGC TERI Biotech Limited (OTBL) has recently launched a new educational programme called 'Protectors of the Environment' to sensitize and motivate young school children and adults in environment conservation under its Corporate Social Responsibility (CSR) initiatives.

The programme will employ several tools such as visual instruction and hands-on application and learning, which are designed to inspire children to translate 'thought' into 'action'.

The programme will be conducted in 15 underprivileged government and private schools of Ahmedabad, Ankleshwar and Mehsana in Gujarat - an operational area for OTBL, involving more than 2000 students from class VI to IX.

Square Yards raises USD 10 million from multiple investors; to accelerate expansion into international geographies

Square Yards raises USD 10 million from multiple investors; to accelerate

New Delhi [India], Jan 12 : India's largest online to offline (O2O) real estate player Square Yards on Thursday announced raised of USD 10 million investment in the form of convertible notes from multiple individual investors primarily based outside India.

Combined with the recently announced USD 12 million equity funding from the private equity arm of Anil Ambani led Reliance Group, the new investment takes the total amount of funds raised by the company to approximately USD 33 million since its inception in 2013.

Mobikwik launches app in five regional languages; intends increase in accessibility

Mobikwik launches app in five regional languages; intends increase

New Delhi [India], Jan 12 : Wallet major MobiKwik on Thursday today released five more language versions on its app to further connect with millions of customers for easy transactions via their hand-held devices.

Customers can now access the app in eight languages including English,

Hindi, Gujarati, Bengali, Oria, Punjabi, Tamil and Telugu.

Based on the app's lighter variant MobiKwik LITE, the app can be downloaded with standard mobile internet connections by giving just one missed call.

PSBs need equity worth about Rs. two lakh crore by March 2019

PSBs need equity worth about Rs. two lakh crore by March 2019

New Delhi [India], Jan 12 : The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs. 50,000 crore in the near term given the interest shown by certain players in the infra and real estate space, noted a recent ASSOCHAM-Crisil joint study.

"This amount can be utilized either for repayment of debt from banks/ non-

banking financial companies (NBFCs)/financial institutions (FIs) or as a consideration to the existing sponsor for dilution of stake or both," according to the study titled 'Building a new India,' conducted by ASSOCHAM jointly with global research firm Crisil.

Pak industry concerned over China's plan to set up business units under CPEC

Pak industry concerned over China's plan to set up business units under CPEC

Islamabad [Pakistan], Jan.12 : Heads of various business chambers in Pakistan have expressed concern over reports that China is planning to set up or establish industrial units and warehouses under the ongoing over 50 billion dollar China Pakistan Economic Corridor (CPEC).

Media reports and sources have quoted representatives of the chambers of commerce and industry of Gujarat, Gujranwala and Sialkot, as saying that Pakistan runs the risk of turning into a purely consumer-driven market if clearance is given for such planning.



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