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).
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
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.
London [UK], Mar. 8 : Google commemorates International Women's Day by putting together a Doodle slideshow to celebrate some of the female pioneers who have paved the way for women today.
It brings together images of 13 remarkable women from history and the internet search giant says each of them have "made a mark in her own way".
"They pursued a range of professions and passions and hailed from an array of backgrounds and countries. In fact, all of these women have been featured in individual doodles in the past, but often only in their countries of origin. So today we're taking the opportunity to share their stories with everyone."
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.
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 ICRASubmitted by Ashok Rawat on Wed, 03/08/2017 - 16:59
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.
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.
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.
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.
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
Cotton on MCX settled down by -0.28% at 21460 due to weak international prices and weak domestic demand. CAI estimated output at 341 lakh bales and revised its consumption higher at 295 lakh bales compared to 290 last year. Meanwhile, CCI may have purchased close to 1 lakh bales from the physical market. A huge volume of cotton stocks in China is set to be sold via auctions from March 6th to the end of August 2017. The Chinese government is expected to offer about 30,000 tonnes of cotton a day for sale over the next several months. ICAC predicts that around 2.6 million tonnes of China’s cotton stocks will be sold by the government this year.
Cardamom on MCX settled up by 1.19% at 1406 on good buying support amid a squeeze in supplies. However, good export demand has kept the market buoyant. Exporters have bought an estimated 120 tonnes. Upcountry buyers have slowed down buying following forecasts of good summer rains. Besides they believe that the growers are holding stocks. Availability of imported cheap Guatemala cardamom in the north Indian markets is also aided fall in demand, market sources said. Severe drought conditions continued to exist in the growing regions. Arrivals last week stood at 390 tonnes as against 452 tonnes the previous week. Last week auction average slipped and was vacillating between Rs. 1,191 and Rs. 1,266 a kg.
Maize on NCDEX settled down by -0.69% at 1435 due to new crop arrival pressure. Good rains and prospects for a bumper crop have pulled South African maize prices to 2-1/2 year lows. Corn prices dropped after the government Crop Estimates Committee forecast a 2017 harvest of 13.918 million tonnes, 79 percent more than in 2016. That forecast was 6 percent higher than expectations of 13.11 million tonnes. Cold weather, rains and resilient genetically-modified crops (GMO) have also limited the damage caused by an armyworm outbreak. The region offers potential export markets. At Koppal market, sources reported arrivals at 2000 Bags, up by 1000 Bags as against previous day.
Jeera on NCDEX settled up by 1.8% at 16970 on short covering tracking firmness in spot prices despite of higher arrivals. There are expectations of increase in export demand at slightly lower levels. The arrivals of jeera in Gujarat are improving so as the demand. As per data, during Feb 27- Mar 4 about 9,901 tonnes of jeera arrived compared to 6,273 tonnes in the previous week. On the export front, Jeera exports from country increase by 26.9% to 1.33 lt for the calendar year 2016 while the exports increase by 36.7% to 93,724 tonnes in first 9 month of marketing year 2016/17 as per the data release by Dept of commerce, GOI. As per second advance estimates for 2016/17, production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt.
Turmeric on NCDEX settled down by -1.45% at 6644 on heavy arrivals from the producing belts. Though, some losses were capped on receipt of some fresh upcountry demand for the turmeric at the spot market. The arrivals of the new season turmeric in recent weeks have improved so as demand. The turmeric arrivals in the country increase to 54,641 tonnes during Feb 27- Mar 4 compared to 28,454 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data. The arrival of new turmeric has slightly increased to 1,500 bags as against the total arrival of 3,200 bags of turmeric for sale.
Mustard Seed settled flat tracking weakness in spot demand on expectation of higher supply. Prices of mustard will remain down on oversupply woes as India's agriculture department in second advance estimated pegged mustard seed crop at 7.912 million tons as compared to 6.797 million tons a year ago. Despite negative crush margins buying interest from processors is expected to be good mainly due to low stocks in pipeline. India is expected to produce around 6.5-7 million tonnes (mt) of rape mustard seeds in 2016-17 as compared to 5.8 mt produced in 2015-16 due to higher acreage and improving productivity. As per USDA’s estimates, India is expected to export 0.35 mt of rapeseed meal in October to September 2016-17 compared to 0.29 mt in the same period the previous year.
Crude palm Oil on MCX settled down by -1.36% at 531.2 tracking weakness in spot demand and overseas prices due to cut in the tariff charges coupled with sufficient stocks with stockists and pipeline. Government has cut base import prices (tariff charges) for palm products in India for the second successive fortnight making prices cheaper to import. For 1 st half of Mar, the prices of CPO and RBD palm oil cut by $30 and $11 a tonnes respectively. Palm oil production in February is seen declining from a month ago according to poll, which pegged output to fall 4.5 % to 1.22 mt. Malaysia's palm oil inventories likely fell to their lowest in six months at the end of February.
Ref.Soyaoil on NCDEX settled down by -1.11% at 647.75 tracking weakness in spot demand and overseas prices. Cut in import tariff also pressurize the futures price. Domestic edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year’s production of 58 lt. The government has cut the base import price of soyoil by $33 per tonnes for first half of March which is the steepest cut among other edible oils. The base import price of crude soyoil is now at $814. India's booming edible oil imports are expected to decline or hold flat in the year to October 2017, failing to grow for the first time in six years, as near record domestic oilseed output boosts supplies, industry executives said.
Soyabean on NCDEX settled down by -0.99% at 2900 due to reports adequate supplies in the domestic physical markets. The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. According to a release by the Soybean Processors Association of India, soymeal exports rose over sevenfold to 207,977 tonnes in February 2017, compared to 29,951 tonnes in February 2016 showing 7-fould increase in exports. Overseas prices remained in range due to mixed fundamentals of record soybean production during 2016/17 and signs of good US export demand amid shipping slow-downs in key supplier Brazil. The USDA’s reported weekly export inspections of soybeans totaled 921,779 tonnes, up from 706,267 a week earlier.