NEWS

No plans to impose tax on agriculture income: Jaitley

No plans to impose tax on agriculture income: Jaitley

New Delhi [India], Apr 26 : Union Finance Minister Arun Jaitley on Wednesday asserted that that the Centre has no plans to impose any tax on agriculture income, while acknowledging that as per the Constitutional Allocation of Powers, the central government has no jurisdiction to impose tax on agricultural income.

"I have read the paragraph in Niti Ayog Report entitled 'Income tax on agriculture income'. To obviate any confusion on the subject, I categorically state that the Central Government has no plan to impose any tax on agriculture income," said Jaitley.

However, NITI Aayog member Bibek Debroy made strong case for taxing agriculture income, an opinion contrary to the government's stated position.

RBI penalises two authorised dealer banks over violation of instructions

RBI penalises two authorised dealer banks over violation of instructions

New Delhi [India], Apr 26 : The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

The central bank penalised The Hongkong and Shanghai Banking Corporation Ltd. for Rs. 70,000 and the Kotak Mahindra Bank for Rs. 10,000 in exercise of powers vested in the RBI.

As per the provisions under section 11(3) of FEMA 1999, the bank is required to take into account the violations of the instructions/directions/guidelines issued by the RBI.

The RBI had issued a show cause notice to the banks, in response to which the banks submitted a written reply and also made oral submissions thereon.

Indian rupee breaches 64 mark; witnesses highest level since Aug 2015

Indian rupee breaches 64 mark; witnesses highest level since Aug 2015

New Delhi [India], Apr 26 : The market on Wednesday witnessed a surge in the Indian rupee in its initial gains and breached the 64 mark against the US dollar.

The rupee was trading at 63.99 a dollar, the highest level since August 10, 2015.

Earlier, it opened higher by seven paise at 64.19 per dollar today versus 64.26 Tuesday.

As per the market analysts, the rupee can breach the stiff resistance of 64.20/dollar and may head higher. Expectations are high that the spot of USD-INR pair will trade in a range of 64-64.40/dollar in the days' trade. (ANI)

AasaanJobs witnesses 40 pct boost in business via its mobile app

AasaanJobs witnesses 40 pct boost in business via its mobile app

New Delhi [India], Apr 26 : Online recruitment marketplace AasaanJobs has announced phenomenal business growth of over 40 percent in its overall business via its mobile application, which helps thousands of candidates across India to find the right job based on their skills and requirements.

Mobile traffic on the platform saw significant growth in the last two quarters; with 500,000+ sessions in Q3, and over 700,000+ sessions in Q4 driven by increase in smartphone usage across the country.

This significant milestone has managed to strengthen AasaanJobs position as a leading recruitment platform in India.

Siemens Healthineers announces launch of first fully automated lab

Siemens Healthineers announces launch of first fully automated lab

New Delhi [India], Apr 26 : Siemens Healthineers has announced successful installation of India's first fully automated Aptio Automation track with multidiscipline modalities at the Aspira Pathlab and Diagnostic Limited, Mumbai.

The company aims to help healthcare providers worldwide to meet their current challenges and to excel in their respective environments using products and solutions that increase efficiency and reduce costs.

The new track will enable Aspira to perform all routine hematology, biochemistry and immunoassay tests with a comprehensive selection of pre- and post-analytical modules that automate sample loading, preparation and handling so as to free laboratory staff from time-consuming, low-value tasks.

Renewable energy sector growth attributable to wind, solar energy: ICRA

Renewable energy sector growth attributable to wind, solar energy: ICRA

New Delhi [India], Apr 25 : According to credit-rating body ICRA, the growth of the renewable energy (RE) sector was driven by the large capacity additions in the wind and solar power segments.

The RE sector in FY2017 reported a record capacity addition of over 11 GW, an increase of around 60 percent over 7.1 GW reported in FY2016, as per the provisional figures by the Ministry of New & Renewable Energy (MNRE).

"The capacity addition in wind energy was much better than our expectations due to a bunching up of commissioning in March 2017. This was due to the removal of the generation-based incentive (GBI) benefit and reduction in accelerated depreciation (AD) benefit with effect from April 1, 2017," said Sabyasachi Majumdar, Senior Vice President and Group Head, ICRA.

Infosys expands global footprint, opens delivery center in Croatia

Infosys expands global footprint, opens delivery center in Croatia

New Delhi [India], Apr 25 : Aiming to strengthen its engineering footprint in Eastern Europe, IT major Infosys Ltd. on Monday announced the opening of its first office and delivery center (DC) in Karlovac, Croatia.

In line with the company's strategy to establish global competency centers, offer the best talent in the market and make it available to customers globally, this DC also marks its expansion into Eastern Europe's heavy engineering sector. The new facility will meet near-shoring requirements, support engineering clients worldwide as well as offer R&D services.

Accenture launches touch-less testing platform; to enable faster software testing

Accenture launches touch-less testing platform; to enable faster software testin

New Delhi [India], Apr 24 : Accenture on Monday announced the launch of its new platform for automated, analytics-driven software testing, after successfully completing pilots with 10 clients around the world.

The company's 'Touchless Testing Platform' brings together leading open source, commercial and Accenture proprietary tools and algorithms to automate a robust, touch-less testing process for software - all guided by artificial intelligence and analytics.

It allows testing teams to easily integrate tools from leading players such as Conformiq, Hewlett Packard Enterprise, Intel Saffron, Sauce Labs, Tableau, Tricentis and Worksoft, along with key Accenture innovations, to bring new enterprise software solutions to market faster and with higher quality.

Ola launches biggest driver partner engagement initiative

Ola launches biggest driver partner engagement initiative

New Delhi [India], Apr 24 : Taxi aggregator Ola on Monday announced the launch of 'Ola Partners League' - a unique virtual cricket game for its driver partners.

The four week-long contest will see Ola driver partners score runs by completing simple tasks and redeeming them against exciting prizes such as cars, TVs, laptops and scholarships in leading cricket academies for children of driver partners.

Kick starting today, OPL is open to all Ola driver partners across Bangalore, Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Pune, and will be LIVE till 20th May, 2017. Popular Indian all-rounder cricketer, Irfan Pathan and famous TV personality Mandira Bedi have been roped in to be the ambassadors to cheer and promote the OPL among driver partners.

L&Technology Services wins smart city and campus project

L&Technology Services wins smart city and campus project

New Delhi [India], Apr 24 : L&T Technology Services Limited, a leading global pure play engineering services provider, announced the development of Smart City and Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft.

The smart office campus being developed by the firms will use IoT- enabled sensors and predictive analytics. L&T Technology Services' smart buildings i-BEMS platform will provide energy saving technology and cloud-based asset management that complement Microsoft's Digital User Experience design solutions.

HTC announces VIVE product launch in India

HTC announces VIVE product launch in India

New Delhi [India], Apr 22 : Pioneer in innovative, smart mobile and virtual reality technologies HTC Corporation has announced the launch of their virtual reality system, HTC VIVE™ making it the first complete VR system available to customers in the India market. VIVE will be available exclusively on Amazon.in via pre-order from April 22nd, 2017.

The site vive.com/in will go live by 25 April 2017. VIVE will soon be available for an in-store experience across select locations in India.

These select locations will be equipped with an interactive VIVE demonstration station, fully open to the public for individual sessions to experience a variety of virtual reality content supported by the platform.

GTA to join Hotelbeds Group's Bedbank business unit

GTA to join Hotelbeds Group's Bedbank business unit

New Delhi [India], Apr 22 : Hotelbeds Group, a global bedbank and business-to-business provider of services to the travel industry on Friday announced plans for GTA to join its Bedbank business unit.

"This deal brings another great bedbank to the Hotelbeds Group family, following the announcement in February that Tourico Holidays will also be integrating with us. Both of these important deals clearly underline our steadfast commitment to accelerate the growth of our business both organically and via M&A activity," said Joan Vila, Executive Chairman of Hotelbeds Group.

Softbank to deploy Ericsson Radio Dot System across Japan

Softbank to deploy Ericsson Radio Dot System across Japan

New Delhi [India], Apr 22 : Following more than two years of verification and testing, SoftBank Corp., a subsidiary of SoftBank Group Corp. on Friday announced its decision to deploy the Ericsson Radio Dot System across Japan to deliver premium indoor connectivity to its subscribers.

SoftBank began extensive testing of the Radio Dot System and several other indoor solutions in Japan in June 2015 to evaluate its options for meeting the huge demand for better indoor coverage in mid-sized to large buildings.

The Ericsson Radio Dot System proved its ability to enable high-performance voice and data coverage and capacity in a broad range of enterprise buildings and public venues, and will now be deployed for SoftBank later this year.

Good CIBIL score can get you a home loan effortlessly

Good CIBIL score can get you a home loan effortlessly

New Delhi [India], Apr 21 : Before the digital era began, home loan processing was very unpredictable. However, with digitization, a whole new world of instant credit and instant loans was formed.

Technological initiatives coupled with credit processes has transformed the entire customer experience forming a lending ecosystem. Now a day's banks and institutions rely more on credit reports generated by credit information agency - CIBIL for gauging a loan applicant. An applicant with a score of 750 or above can get a home loan smoothly.

Low interest rates on housing loan and IT benefits have induced many to own a property. Nowadays CIBIL is helping borrowers to check the best loan available based on his/her credit scores and history.

Sea snail venom offers possibilities of designing human ailments drugs

Sea snail venom offers possibilities of designing human ailments drugs

Port Blair [India], April 21 : In a first of its kind study, peptides, from the venom of cone snails, have been identified that opens up possibilities of drug research for several human ailments.

The study was conducted by a team of Indian scientists from Port Blair-based National Institute of Ocean Technology, NIOT and Indian Institute of Science, IISc, Bangalore.

They identified short peptides with six amino acids, which globally, is the first small contryphan identified so far.

Delhi showcases highest internet readiness in India: IAMAI report

Delhi showcases highest internet readiness in India: IAMAI report

New Delhi [India], Apr 21 : A report published by the Internet and Mobile Association of India ( IAMAI) and Nielsen ranked Delhi number one regarding overall Internet readiness, overtaking last year's winner Maharashtra.

The report titled 'Index of Internet Readiness of Indian States' was released by Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology ( MeiTy), Government of India on Wednesday.

Delhi takes the first slot not only amongst small states and Union Territories but also when all states are taken together. The capital city-state is followed by Karnataka, Maharashtra, Kerala and Tamil Nadu.

According to the report, Delhi gets this rank primarily because of its fabulous e-infrastructure and e-participation.

Patanjali to go global, says CEO Balkrishna

Patanjali to go global, says CEO Balkrishna

New Delhi [India], Apr 21 : Patanjali Ayurveda's Co-Founder and CEO Acharya Balkrishna on Thursday announced that the company is planning to expand globally in the near future, while addressing a 'Made in India - Food Buyer Seller Meet' organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Agricultural and Processed Food Products Export Development Authority ( APEDA).

He urged players of food processing sector to come together and promote healthy food products.

"This initiative taken by FICCI is an example of industry players taking a step towards making Indian food industry an international brand accepted by all. Patanjali Ayurveda Ltd. is committed to go global and fight adulteration in Food industry," said Balkrishna.

People would sacrifice photos on their phones for just 10.37 EUR: Kaspersky

People would sacrifice photos on their phones for just 10.37 EUR: Kaspersky

New Delhi [India], Apr 20 : While people claim to value their memories more than any other form of data stored on their digital devices, they are happy to sell them for little money, research by Kaspersky Lab shows.

A survey has shown that for 49 percent of people, private and sensitive photos of themselves are the most precious data they have on their devices, followed by photos of their children and spouses.

The thought of losing these precious memories is considered more distressing for them than the prospect of a car accident, breaking up with a partner, or a quarrel with a friend or family member.

However, when confronted with the decision to delete this data for money, people nevertheless gave their digital data such as photos away for as little as 10.37EUR.

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

New Delhi [India], Apr 20 : Governor Chelyabinsk Region Russia, Boris Dubrovsky on Thursday invited the Indian industry to explore the investment opportunities in the Chelyabinsk Region of Russia, which offers tax incentives to foreign investors.

Speaking at an interactive session organized by FICCI, Boris Dubrovsky held out the assurance that the Chelyabinsk Region would cooperate with the Indian businesses and their investment will be fully protected.

He said that Indian investments in Russia were estimated at USD eight billion and Russian investments in India totaled about USD three billion.

Now rediscover your city like never before with 'AskLocal' from Jugnoo

Now rediscover your city like never before with 'AskLocal' from Jugnoo

New Delhi [India], Apr 20 : Hyper-local startup Jugnoo has announced AskLocal - a Geo-location based hyper-local content platform for users where they can access locally relevant information.

With this, Jugnoo is introducing a new way to connect within cities based on relevant content, reviews, and recommendations.

Just like Facebook and Twitter, which are friends-based and events-based content networks respectively, the AskLocal vertical offers a location-based content network. The feature will be Geo-location based, allowing users to view local feeds for their city.

It is part of the bouquet of hyper-local services offered by Jugnoo that includes rides, meals, fresh, and menus.




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