NEWS

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.

Mother Dairy to hike prices for Delhi NCR from today

Mother Dairy to hike prices for Delhi NCR from today

New Delhi [India], Mar 11 : Mother Dairy has announced price hike of all its variants in the Delhi NCR region with effect from today, i.e. March 11.

The milk manufacturer has announced the hike for its poly pack milk variants and bulk vended milk ( BVM) commonly referred as Token Milk.

The last consumer price revision in Delhi NCR for poly pack milk was taken in July 2016. Since then the consumer milk prices have been retained despite significant increase in raw milk purchase prices.

The milk prices which in a normal year comes down during winter months have gone up substantially. It is important to note that Mother Dairy has increased its farm prices by about Rs. 2.5 to Rs. 3/kg over July and compared to last year the prices are up by Rs. 5 to Rs. 6/kg.

Paytm to introduce new features to prevent credit card misuse in add money

Paytm to introduce new features to prevent credit card misuse in add money

New Delhi [India], Mar 10 : Paytm has announced that it is going to introduce new features to prevent the misuse of credit cards in adding money to the Paytm Wallet.

The company in a statement said that millions of customers and merchants have adopted Paytm as a part of their everyday life that includes paying at offline stores, shopping for groceries, paying for travel and paying their utility bills.

Genpact leverages artificial intelligence to help CFOs run smarter organizations with faster, more accurate financial reporting

Genpact leverages artificial intelligence to help CFOs run smarter organizations

New Delhi [India], Mar 10 : Global leader in digitally-powered business process management and services Genpact has launched its Artificial Intelligence (AI) Reporting solution that harnesses the power of AI technologies to automate financial planning and analysis (FP&A) operations and drive more timely, insightful reporting.

CFOs have fast, seamless access to both internal and external data sources like never before, driving more accurate forecasts for quicker, smarter business decisions.

Opteamix recognized as a 'Dream Company' to work for by World HRD Congress

Opteamix recognized as a 'Dream Company' to work for by World HRD Congress

New Delhi [India], Mar 10 : Opteamix LLC (Opteamix), a global technology firm, today announced that they have been recognized by World HRD Congress as one of the Dream Companies to Work for in 2017.

Opteamix was ranked 46th in this category which hadover750 companies from multiple industries across India. In addition to the Dream Company ranking, Opteamix was also recognized and ranked 8thfor"Innovative HR Practices" and 3rdin the category of "Corporate Social Responsibility Practices."

Opteamix was awarded these three prestigious awards at the 25thWorld HRD Congress that was presented in association with Times Ascent in Mumbai on February 15, 2017.

Dharmesh Arora appointed as new Managing Director, FAG Bearings India

Dharmesh Arora appointed as new Managing Director, FAG Bearings India

New Delhi [India], Mar. 10 : Dharmesh Arora, who is currently the President and CEO of the Schaeffler Group in India (parent company of FAG Bearings India Ltd), has taken charge as the Managing Director of FAG Bearings India Limited, effective March 6, 2017. He will also continue to be the Managing Director of INA Bearings India Pvt Ltd, another group company of Schaeffler in India.

"Arora is a veteran of Automotive Industry having worked with Maruti Suzuki, General Motors and with Schaeffler Group in various leadership positions across geographic regions of the world. We welcome him to this new position to steer the organization to greater heights," said Avinash Gandhi, Chairman of FAG Bearings India Ltd.

India, Belgium sign protocol enabling mutual assistance in collection of taxes

India, Belgium sign protocol enabling mutual assistance in collection of taxes

New Delhi [India], Mar. 10 : In order to strengthen the Centre's fight against the menace of black money stashed in offshore accounts, India and Belgium have signed a Protocol amending the existing agreement and protocol between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.

The protocol was signed by Chairman Central Board of Direct Taxes (CBDT) Sushil Chandra and Ambassador of Belgium to India Jan Luykx.

The protocol will broaden the scope of the existing framework of exchange of tax related information. This in turn will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.

Current account deficit to widen to USD 30 billion in FY2018, says ICRA

Current account deficit to widen to USD 30 billion in FY2018, says ICRA

New Delhi [India], Mar 9 : Credit rating agency ICRA in its report noted that it expects higher oil and gold imports to enlarge India's current account deficit to ~USD 30 billion (1.2 percent of GDP) in FY2018 from ~USD 20 billion in FY2017 (0.9 percent of GDP), arresting the trend of moderation recorded for four consecutive years since FY2014. However, the pressure related to the financing of a larger current account deficit would abate with the resumption of NRI deposits in FY2018.

LoanTap unveils innovation-driven model at 'Festival of Innovation' at Rashtrapati Bhavan

LoanTap unveils innovation-driven model at 'Festival of Innovation' at Rashtrapa

New Delhi [India], Mar 9 : Fintech platform delivering flexible EMI-free loan products to salaried professionals LoanTap participated in an esteemed '3rd Festival of Innovation' at the office of the President of India to recognize, respect and reward grassroots innovations and foster a supportive eco-system for them.

The event which was held at Rashtrapati Bhavan, witnessed Vikas Kumar, Founder and CTO of LoanTap leveraged the opportunity to pitch his innovative business idea in front of venture capital investors and accelerators.

Held in the month of March at The President's House, 'Festival of Innovation' is an annual event to promote creativity and innovation in India.