tag:blogger.com,1999:blog-28655015962654954542024-03-14T16:09:51.288+05:30News KvarthaThe NewsWeb desk Editorhttp://www.blogger.com/profile/04740409279812633583noreply@blogger.comBlogger148125tag:blogger.com,1999:blog-2865501596265495454.post-11887080920622950892020-10-27T19:39:00.008+05:302020-10-27T19:39:38.767+05:30 Kerala first State in the country to fix a floor price for vegetables: CM<b>Government fixes floor price for 16 vegetables, to be effective from Nov 1st</b><br /><br /><b>Thiruvananthapuram: (news.kvartha.com 27.10.2020) </b>Chief Minister, Shri Pinarayi Vijayan today informed that Kerala has become the first state in the country to fix the floor price for vegetables. He said this while launching the scheme announcing the floor price for 16 varieties of vegetables. The scheme would come into effect from November 01, 2020.<br /><br /><div class="separator">In his address through video-conferencing, the Chief Minister said, This is the first time the floor price is being fixed for vegetables produced in the state and this is the first for a state in the country also. This is going to provide relief as well as support for the farmers. Farmers across the country are not satisfied but for the last four and half years, we have supported the farmers and the government has taken up several initiatives primarily targeted at the development of agriculture in the state. The floor price will be 20% above the production cost of the vegetable. Even if the market price goes below the floor price, the produce will be procured at the floor price from the farmers. The produce will be graded as per the quality and the floor price will be fixed based on the quality. 16 varieties of vegetables would be covered in the first phase and there is a provision to revise the floor price on a regular basis.<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzdzdU9JUqOA9Mvj-6xgJ0yLrMvutge9pqrzBeAauy7DLgvLmB5CZDF6KR0pkLkX56scYjhZWE-owQnjiL_aQcGW1WcCWyWXWihKccVZHADZ7ThDFyZc3BgHRqxOYrGUot1JtHUnN33xLQ/s700/Vegitables.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="Kerala first State in the country to fix a floor price for vegetables: CM, Thiruvananthapuram, News, Kerala, Business" border="0" data-original-height="377" data-original-width="700" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzdzdU9JUqOA9Mvj-6xgJ0yLrMvutge9pqrzBeAauy7DLgvLmB5CZDF6KR0pkLkX56scYjhZWE-owQnjiL_aQcGW1WcCWyWXWihKccVZHADZ7ThDFyZc3BgHRqxOYrGUot1JtHUnN33xLQ/s16000/Vegitables.jpg" title="Vegitables" /></a></div><br />LSG bodies will have an important role to play in this scheme as they would be coordinating the procurement and distribution of vegetables. The scheme would benefit a farmer with a maximum of 15 acres of vegetable cultivation per season. They can register on the agriculture department’s registration portal after insuring the crop to get the benefit of the floor price. The registration would start from November 01. The scheme also envisages setting up the entire supply chain process like cold storage facilities and refrigerated vehicles for transporting the produce.<br /><br />The CM also said that the vegetable production in the State has more than doubled in the last four and a half years, from 7 lakh metric tonnes to 14.72 lakh metric tonnes. The target is to increase the production by an additional 1 lakh metric tonne each of vegetables and tuber crops this year.<div><br /></div><div>Keywords: <b>Kerala first State in the country to fix a floor price for vegetables: CM, Thiruvananthapuram, News, Kerala, Business.</b></div>Web Desk Prehttp://www.blogger.com/profile/06902552780510892020noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-45629032310304856862020-05-04T20:47:00.003+05:302020-05-04T20:47:50.393+05:30Kerala announces initiatives to attract large scale investments; Industrial licenses and permits within one week of applying<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Thiruvananthapuram: (news.kvartha.com 04.05.2020)</b> In an effort to attract large scale investments in Kerala and to make the State a preferred investment destination, Kerala Chief Minister, Shri Pinarayi Vijayan today announced a slew of initiatives to boost investments.<br />
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Addressing the media, the Chief Minister said, “The Covid pandemic opens up new possibilities for Kerala. The extraordinary way in which we handled this outbreak has made the State one of the safest and secured industrial investment centres in the world. We are getting a lot of inquiries from investors and entrepreneurs from around the world who is interested in Kerala. Our strength is the manpower here and we have once again proved that our human resources are comparable to any developed nation in the world. Considering all these factors, the government is making some decisions to attract a large number of industrial investments to Kerala.”<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbkzgHVESqDeePGs1pANAAS3RWQzbvq9TOoEQKYiPHBRAipx6Kv3N7RGC2_CPZxXWnnOyeM9fmy_S2NI7LHtTstPvHSRLqwO4uzfYBpshoaocMwY4eQXDt5CHjWYEt2r0GjpadgZHmhewT/s1600/Pinarayi.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Kerala announces initiatives to attract large scale investments; Industrial licenses and permits within one week of applying, Thiruvananthapuram, News, Business, Kerala." border="0" data-original-height="336" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbkzgHVESqDeePGs1pANAAS3RWQzbvq9TOoEQKYiPHBRAipx6Kv3N7RGC2_CPZxXWnnOyeM9fmy_S2NI7LHtTstPvHSRLqwO4uzfYBpshoaocMwY4eQXDt5CHjWYEt2r0GjpadgZHmhewT/s1600/Pinarayi.jpg" title="Pinarayi Vijayan" /></a></div>
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1. All industrial licenses and permits will be issued within one week of application. Permission will be granted with certain conditions which the entrepreneur should complete within a year.<br />
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2. Multimodal logistics centres will be established in Thiruvananthapuram, Ernakulam, Kozhikode and Kannur connecting the airport, port, rail and road. This will make Kerala a major force in international trade and commerce.<br />
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3. Logistics parks will be set up in different parts of the state to take advantage of export and import opportunities.<br />
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4. Azheekal Port will be developed to address the demands of north Kerala region. The port will be equipped to handle large amounts of cargo.<br />
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5. Value-added products will be promoted in the agriculture sector. Land at Palakkad Mega Food Park will be leased out to industrialists for making value-added agro products.<br />
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6. A coconut park will be established in north Kerala with an emphasis on value-added products.<br />
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7. An Advisory Committee will be formed to make Kerala into a preferred investment destination. Investors, policymakers and industry leaders will be part of the CM’s Investment Advisory Committee.<br />
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8. Star rating system will be introduced for investments. The Gold, Silver and Bronze positions will be awarded in terms of investment and generated employment. This ranking will determine the benefits and concessions to be offered by the government.<br />
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Minister of Health & Social Justice, Smt K K Shailaja; Revenue Minister, Shri E Chandrasekharan, and Chief Secretary, Shri Tom Jose IAS were also present during the briefing.<br />
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Keywords: <b>Kerala announces initiatives to attract large scale investments; Industrial licenses and permits within one week of applying, Thiruvananthapuram, News, Business, Kerala.</b></div>
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Web Desk Prehttp://www.blogger.com/profile/06902552780510892020noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-13234116294372747042020-02-07T19:06:00.000+05:302020-02-07T19:06:58.804+05:30IISS 2020: Kerala Governor calls for attracting FDI into marine products sector<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Kochi (news.kvartha.com 07.02.2020):</b> Kerala Governor Arif Mohammad Khan today inaugurated the 22nd India International Seafood Show (IISS) here, calling for efforts to attract foreign direct investment (FDI) into the sector for increasing employment opportunities and boosting the country’s seafood exports through an innovative model based on diversification and value addition.<br />
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Delivering his inaugural address at the three-day showpiece event of the marine industry, Shri Khan expressed confidence that India would be able to increase its share in global seafood trade from the present 4.1 per cent to 6.7 per cent by 2030 by increasing production, value addition and diversification.<br />
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“Blue evolution: Beyond Production to Value Addition” is the focal theme of the biennial event being jointly organised by the Marine Products Export Development Authority (MPEDA), the nodal agency of Union Ministry of Commerce & Industry, and the Seafood Export Association of India (SEAI).<br />
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<a href="https://1.bp.blogspot.com/-83PsTFT3hFw/Xj1mcsEXPdI/AAAAAAABy9c/5MjUZcMD34wnemiDcQ2Dnc8erb7cYd-cQCLcBGAsYHQ/s1600/Seafood-Show-2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="414" data-original-width="800" height="331" src="https://1.bp.blogspot.com/-83PsTFT3hFw/Xj1mcsEXPdI/AAAAAAABy9c/5MjUZcMD34wnemiDcQ2Dnc8erb7cYd-cQCLcBGAsYHQ/s640/Seafood-Show-2.jpg" width="640" /></a><br />
Highlighting the importance of seafood, the Governor pointed out that 40 per cent of the global population live within 200 km from seacoasts and 12 of the 15 mega cities are on the coasts. In India alone, about 40.5 million people are involved in the fisheries sector, which also contributed one per cent to the gross domestic product (GDP), he noted.<br />
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Oceans and fisheries had always fascinated the imagination of Indians as the first incarnation of Lord Vishnu was in the form of a fish, he explained.<br />
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Billed as one of Asia’s largest seafood fairs, the IISS is being held in Kochi after a gap of 12 years. Over 1,500 delegates, 50 of them from 12 foreign countries, are attending it to deliberate on policies and actionable roadmaps to achieve the country’s marine products export target of US$10 billion by 2022.<br />
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Among others who addressed the inaugural function were MPEDA Chairman K.S. Srinivas, his predecessors Leena Nair and G. Mohan Kumar, Kerala State Industrial Development Corporation (KSIDC) Chairman Dr. Christy Fernandez and SEAI National President Jagdish V Fofandi.<br />
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Welcoming the delegates, Srinivas talked of a three-pronged strategy to promote the sector, increase productivity, expand area under cultivation and diversification of species. An increase of productivity from the present five metric tonnes per hectare to 10 metric tonnes is desired. A vision document in this regard has been submitted to the government in this connection, he pointed out.<br />
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Improvement in infrastructure, focus on value addition, brand promotion and increase in the number of trade promotion offices would go a long way in achieving the trade target, he said.<br />
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Fofandi said the sector was hit this year by natural calamities, particularly the primary producers in aquaculture.<br />
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Ms Leena Nair said the sector was on a roll since 2008-09 when it achieved the export target of two billion US dollars. The figure stood at 6.8 billion dollars now, she noted.<br />
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Kumar pointed out that India accounted for only five per cent in the global seafood trade, but had the potential to dominate the export scene, overcoming tariff and non-tariff barriers and moving forward from shrimp-centric focus through diversification, including black tiger revolution.<br />
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On the occasion, MPEDA launched an online certification scheme “Shaphari” for the farmers to ensure quality produce, bereft of anti-biotics which hindered exports.<br />
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Fernandez in his presidential address said the traditional markets were going down, giving way to new markets due to change in the consumers’ preference. Innovation, investment and integration would be the way out to overcome the hurdles, he felt.</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-78836680342122429352017-09-20T17:56:00.001+05:302017-09-20T17:56:11.279+05:30JioFi festive offer enables Jio Digital Life for millions<div dir="ltr" style="text-align: left;" trbidi="on">
2G / 3G smartphone users, laptop users and other non-4G smart device users can now enjoy Jio Digital Life with JioFi festive offer<br />
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Reliance Retail today announced limited period festive offer for JioFi aimed at bringing the benefits of Jio Digital Life to every Indian.JioFi, India’s largest selling personal voice and data hotspot device, will be available for a limited period at a special price of Rs. 999beginning 20th September until 30th September across 7000 retail outlets in Kerala. <br />
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The introduction of festive offer will digitally enable millions of Indians specially 2G / 3G device users who will be able to enjoy Jio’s unlimited voice and data benefits on their existing device. The festive offer will help customers to engage with the festivities this season in a variety of digital ways – be it for shopping, communication or sharing their special festive moments with their loved ones.<br />
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With the limited period festive offer JioFi will continue to transform the industry paradigm by revolutionising the data card and dongle segment in the country.<br />
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Reliance Retail has progressively made Digital Life accessible for everyoneby bringing innovative 4G-LTE products and solutions to different consumer segments.Through JioPhone, Reliance Retail recently helped millions of feature phone users to access Jio Digital Life and with JioFiseveral other smart device users have been able to experience Jio’s true 4G services.<br />
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JioFi users enjoy the entire bouquet of Jio services including unlimited 4G Data, HD Voice calls & Video calls, SMS as well as access a host of Jio Apps such as Jio Cinema, Jio TV etc. <br />
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JioFi device is available at all Reliance Digital stores, Jio outlets, Jio Partner retailersas well as online at www.jio.com.</div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-30287880441391667332017-09-06T17:34:00.002+05:302017-09-06T17:34:34.851+05:30Ashok Leyland Defence Systems signs MOU on Cooperation with Russia's Rosoboronexport and ELCOM<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Chennai, 6th September 2017:</b> Ashok Leyland Defence Systems (ALDS) signed a Memorandum of Understanding (MOU) on Cooperation with Russia's Rosoboronexport, on the sidelines of the International Military Technical Forum Army - 2017 held at Kubinka, near Moscow, on 25th August 2017. The Indian delegation to this forum was led by Mr Ashok Gupta, Secretary (Defence Production) Government of India.<br />
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Rosoboronexport (ROE) is the only state organisation in Russia for export of the entire range of military products and technologies. ROE represents Russian companies who are manufacturers of Infantry Fighting Vehicles and Main Battle Tanks, currently working with the Indian Army. ELCOM Group is emerging as a significant player in strategic electronics, avionics and tactical communication globally.<br />
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Ashok Leyland (AL) is one of the world largest manufacturer of vehicles and has been a supplier of Logistics and Special Role Vehicles to the Indian Army for the past 25 years.<br />
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Congratulating ALDS, ELCOM and the Rosoboronexport team, Mr. Vinod K. Dasari, Managing Director of Ashok Leyland, said, “Ashok Leyland is fully committed to make Hon’ble Prime Minister's ‘Make in India’ in Defence sector, a resounding success. The signing of this MOU is a step in the direction as this new partnership allows Ashok Leyland to provide all types of Tracked Vehicle Solutions to the Armed Forces”<br />
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Signing the MOU on behalf of ALDS, Mr. Amandeep Singh, Head - Defence, Ashok Leyland, said, "We are happy that Rosoboronexport has chosen ALDS and ELCOM as its partners in India to address the Tracked Vehicle Upgrade Programs of Indian Armed Forces. The issue of indigenisation and availability of service and parts, which has been an area of concern, will now be addressed as ALDS and ELCOM will be responsible for manufacturing in India and also for providing life cycle support.”</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-14751044454553900402017-08-24T16:23:00.000+05:302017-08-24T16:23:12.802+05:30Mohiudeen Wood Works Rolls Out ‘Oud Oil’ Range<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Dubai: </b>Ajman-based Mohiudeen Wood Works, one of the leading timber trading companies in the region, has added Oud Wood to its product list, in addition to a new range of fragrant ‘Oud Oils’.<br />
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According to Mr. B. M. Ashraf, Managing Director of Mohiudeen Wood Works, the company sources Oud wood (Agarwood) and Oud oils from India, Cambodia and Malaysia, which are then manufactured/distilled with utmost importance to maintain a very high standard of quality. “We are committed to providing our customers with the purest and highest quality products always,” he said. <br />
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Oud oil – also known as Agarwood oil has a unique fragrance, which has become popular the world over. They have medicinal, incense, cosmetic and aromatic applications. Oud is secreted by the Agar trees to protect itself from fungal infection. The process of extracting and producing the oil is quite painstaking, which explains its high price. <br />
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Mohiudeen Wood Works has been sourcing high-quality timber of different species from over 12 countries across 4 continents, over the years. “Sourcing is one of our core strengths, and the company is well-positioned to source and supply exotic species of wood in a time-bound manner,” said Mr. Ashraf, adding, “We are sure that our customers would wholeheartedly welcome our new products.”</div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-12408925046269610222017-08-23T16:15:00.003+05:302017-08-23T16:16:25.896+05:30EdgeVerve Systems Positioned As a Leader in the Gartner Magic Quadrant for Global Retail Core Banking<div dir="ltr" style="text-align: left;" trbidi="on">
<i>EdgeVerve Systems recognized by Gartner for the 10th consecutive year for Finacle Core Banking</i><br />
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<b>Bangalore – August 23, 2017:</b> Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced that it has been positioned as a leader in Gartner’s Magic Quadrant for Global Retail Core Banking1 following the evaluation of its Finacle™ Core Banking solution. Gartner evaluated eleven Core Banking vendors on the criteria of “Completeness of vision” and “Ability to execute”. This is the 10th consecutive time that EdgeVerve Systems (Infosys Finacle) has been positioned as a Leader in this Magic Quadrant.<br />
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According to Gartner, “Leaders in the global retail core banking market tend to possess a high-order market understanding. They make it their business to monitor market trends and funnel progressive innovation into their product roadmaps. Most of them possess software development quality certifications (e.g., CMMI) or are pursuing them. The Leaders are also, without exception, "thinking small" or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation. Leaders have high viability and great customer feedback. They also focus on innovation — and the innovation trends that affect this particular market. They especially focus on trends with visionary capability in managing the ecosystem for open banking platforms by fostering open banking with their products and services and in a collaborative environment with partners.”<br />
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Gartner’s Magic Quadrant for Global Retail Core Banking report can be accessed <a href="http://explore.finacle.com/gartner-mq-2017?source=pr" rel="nofollow" target="_blank">here</a>.<br />
Vittorio D'Orazio, Gartner Research Director mentions in the report, “Most senior executives are investing in digital business transformation, or in other words, building a digital bank. This involves digital technology, but is much more about changing strategy and business models. A digital bank makes money in new ways, for example, by monetizing digital identity and sharing business services with ecosystem partners to empower them to build new products and services. Banks as platforms, or open banking, will be needed to make this happen. CIOs cannot execute a new business strategy and business model without a modern CBS that has the agility needed to open up the back office to the front office.”<br />
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Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle said,“To realize the goal of truly digital transformation, banks need to take a holistic approach. They need to add digital capabilities that will open up new opportunities for growth and profitability, as well as renew the legacy core engines to support continuous innovation across the organization. With Finacle Core Banking solution, our focus has been on building a world-class componentized core banking solution that provides our clients the flexibility to manage this transformation in a risk-mitigated manner. We believe that Gartner recognizing our solution as a Leader is a testimony of our ability to deliver market- leading solutions.”<br />
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References<br />
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1Gartner, Inc., “Magic Quadrant for Global Retail Core Banking,” Vittorio D'Orazio and Don Free, 10 July, 2017.<br />
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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratingsor other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.<br />
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<b>About Infosys Finacle </b><br />
Infosys Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population.<br />
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Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others. <br />
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About EdgeVerve Systems Ltd<br />
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EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying. </div>
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Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, our universal banking solution, is the choice of financial institutions across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population. <br />
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<b>Safe Harbor </b><br />
Certain statements in this release concerning our future growth prospects are forward-looking statementsregarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. These filings are available at <a href="http://www.sec.gov/" rel="nofollow" target="_blank">www.sec.gov</a>. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.<br />
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-54873504190517380562017-04-17T19:10:00.000+05:302017-04-17T19:10:33.536+05:30Infosys Foundation Joins Hands with ‘Sahapedia’ to Promote a Penchant for Cultural and Historical Knowledge of India Among the Masses<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Bangalore – April 17, 2017:</b> Infosys Foundation, the philanthropic arm of Infosys, has announced a partnership with Sahapedia, an open online resource, to support the development of an online interactive web module on the arts, culture and histories of India. The partnership fosters the Foundation’s conviction that investing in building cultural infrastructures that are far-reaching and inclusive has the ability to build a nobler society. <br />
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Through this association with Sahapedia, a non-profit organization, the Foundation aims to provide content comprised of multimedia modules made up of articles, interviews, photographs, performance videos timelines, walkthroughs and bibliographies thereby assimilating a rich experience of Indian history and culture on the web. The Foundation has offered a corpus grant of INR 2 Crores invested for a period of 25 years towards this ingenious initiative that will facilitate dynamic access to rich content, and promote dialogue among members of different communities and groups. <br />
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An effort intended to benefit at least 10,00,000 users by 2019-2020, is aspired to become a forum for advocacy in the area of heritage conservation and revitalization. The two organizations will also strive to bring this valuable cultural wealth to rural and urban schools as an educational tool, and use the internet medium and offline resources to enable heritage education.<br />
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Speaking on the collaboration, Mrs. Sudha Murty, Chairperson – Infosys Foundation said, “The richest cultural wealth of India is in a state of slow disintegration – both in the physical state as well as in terms of memory preservation and knowledge transfer from one generation to the other. Sahapedia is undoubtedly a redeeming initiative to preserve and conserve the wonder-inspiring richness of Indian history, along with generating and sharing knowledge among a wide audience. We are proud of our partnership with Sahapedia and look forward to jointly positioning the effort as a unique educational experience and toolkit for engagement with the local heritage.”<br />
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Dr. Sudha Gopalakrishnan, Executive Director of Sahapedia, talking about the partnership said, "India has, for long, had a vibrant diversity of arts, practices and knowledge systems. At the moment, I believe there is increasing interest in and a need for making this traditional knowledge available for a wider public than the immediate community and this is what Sahapedia fosters. The Infosys Foundation has always supported projects that promise substantial social impact and we are delighted to partner with them in our mission to ensure that future generations have access to past knowledge. It is vital in the coming decades that CSR initiatives partner with culture-bearers and researchers, and we are confident that our collaboration with Infosys Foundation will instantiate the rich rewards such partnerships can reap for India." </div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-25173078799624594722017-04-17T19:06:00.001+05:302017-04-17T19:06:17.946+05:30Upgrading to a Vodafone supernet 4G sim gets even better, with 4GB data free<div dir="ltr" style="text-align: left;" trbidi="on">
<b><i>Existing Vodafone customers can upgrade to Vodafone SuperNetTM 4G SIM at any Vodafone store, Vodafone Mini Store and at multi brand outlets across Kerala</i></b><br />
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Kochi, April 17, 2017: Vodafone India, welcomes the residents of Kerala to Vodafone’s Data Strong Network by upgrading to a Vodafone SuperNet™ 4G SIM and avail 4GB of data free on 4G enabled smart phones. The Vodafone 4G SIMs are available for free at all Vodafone Stores, Vodafone Mini Stores and multi brand outlets located across Kerala. <br />
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Post the upgrade to a SuperNet™ 4G SIM, Vodafone prepaid customers can enjoy the one-time offer of free 4GB data for a period of 10 days, while postpaid customers can avail the benefit till their next billing date. Customers need to be on a 4G enabled handset to avail this offer. <br />
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With the new Vodafone SuperNet™ 4G SIM, they will continue to enjoy an uninterrupted mobile internet experience with an additional 4GB of free data, which will be added to the customer’s data balance within 2 hours of the SIM exchange. <br />
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Inviting all Keralites to upgrade to Vodafone SuperNet™ 4G, Abhijit Kishore, Business Head – Kerala, Vodafone India said, “Vodafone is proud to be the preferred telecom services provider to over 7.5 million customers in the God’s own country. We are offering 4GB data free for our customers to experience the benefits of our Data Strong Network and enjoy unparalleled mobile internet services.”<br />
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<b>Customers can switch to a 4G ready SIM following these easy steps</b><br />
Walk in to any nearby Vodafone Store, Vodafone Mini Store or multi brand outlet and get your 4G SIM for free <br />
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To activate the 4G SIM card, use your existing Vodafone number to SMS ‘SIMEX <your 19 digit new 4G SIM card number>’ to 55199 (this number will be available on the new SIM card/jacket given to you) You will receive a response SMS from 55199 with partial SIM number entered Please send the last 6 digits of the new SIM number to 55199 within 2 hours of receiving the SMS mentioned in the above step You will receive a success SMS, post which your 4G SIM will be activated within 20 minutes. Subsequently, replace your old SIM in the handset with the new 4G SIM and continue to enjoy un-interrupted Vodafone services. <br />
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In case customers face any issues with the SIM upgrade process, they can call 199 or seek assistance from our staff at any Vodafone retail store. </div>
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Vodafone SuperNet™ 4G services are available across 17 circles in India- Kerala, Kolkata, Karnataka, Delhi, Mumbai, Gujarat, Haryana, Uttar Pradesh (East), West Bengal, Rajasthan, Punjab, Assam & North East, Odisha, Tamil Nadu, Maharashtra & Goa, Uttar Pradesh (West). <br />
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<b>About Vodafone India</b><br />
Vodafone India is a 100% fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving over 204 million customers (over 106 million in rural areas). Commencing operations in 2007, Vodafone is today a robust, award-winning business and committed for the long term. Vodafone Business Services serves the needs of enterprises and government by providing total telecommunications (Voice and Data) solutions across mobility and wireline platforms. Our mobile wallet, M-Pesa is a unique and innovative money transfer service from Vodafone that fosters financial inclusion.<br />
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Committed to optimizing the near-ubiquitous reach of mobile telephony to address national developmental priorities, the Vodafone Foundation partners is actively engaged in community development initiatives especially in the domains of m-Women, m-Agriculture, m-Education and Disaster Relief. Building on its global experience and expertise, an outreach across India and offering a comprehensive portfolio of technologies- 2G, 3G & 4G, Vodafone is uniquely positioned to actualize the vision of Digital India.<br />
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Globally, Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 49 more, and fixed broadband operations in 17 markets. As of 31 December 2016, Vodafone had 470 million mobile customers and 14.3 million fixed broadband customers. </div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-38596542946213910692017-04-12T17:36:00.001+05:302017-04-12T17:36:10.496+05:30Laqshya Media Group signs on Suresh Raina as its first talent<div dir="ltr" style="text-align: left;" trbidi="on">
<b><i>This is the group’s latest venture into talent management</i></b><br /><b>Mumbai, April 12, 2017 – </b>India’s leading integrated marketing agency– Laqshya Media Group announces its foray into celebrity talent management by roping in marquee cricketer, Suresh Raina as its first celebrity. This is an exclusive multi-year mandate for the group, effective this fiscal year.<br /><br />Mr. Alok Jalan, Managing Director, Laqshya Media Group said, “We are extremely pleased to announce Suresh Raina as the first name for our new vertical in talent management. It is a known fact that cricket is the most popular sport in India with a massive fan following. As a result, the sports marketing vertical has grown exponentially by cutting across socio-cultural demographics and taking centre stage in all marketing plans. <div>
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Suresh Raina is an extremely dynamic person both on and off the field, and our brand resonates with his values. Brand Raina is inspiring, engaging and immersive, and we aim to integrate these aspects into a holistic experience. Our collaboration is a reiteration of the same.”<br /><br />Speaking on the association, Suresh Raina, Captain Gujarat Lions, said “I am really excited and happy to be associated with Laqshya Media Group, and looking forward to a new journey with them, feeling fresh and energetic for this new innings.”<br /><br />Going forward, Laqshya Media Group is looking at signing exciting celebrities across the globe, with their Talent Management division.</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-45108400634865149952017-04-11T16:58:00.001+05:302017-04-11T16:58:22.198+05:30Zeta launches the first e-meal voucher on RuPay platform<div dir="ltr" style="text-align: left;" trbidi="on">
<ul style="text-align: left;">
<li>Soon to launch payments via Aadhaar Pay, UPI & Bharat QR Code</li>
<li>Makes tax benefits more accessible to employees in remote areas</li>
<li>Furthers Make in India initiative: digital employee benefits made in India for PSU employees</li>
</ul>
<b>Bengaluru, April 11, 2017:</b> Fintech start-up Zeta, which offers digital employee benefits for tax optimisation, has tied up with National Payments Corporation of India (NPCI) payment platform -RuPay. The partnership will widen Zeta’s payment network and push for a more inclusive adoption of digital payments in corporate India. This collaboration makes Zeta’s meal voucher solution the first ever such solution to run on Government of India endorsed RuPay platform.<br />
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With RBL Bank as its banking partner, Zeta’s revolutionary pre-paid card called the Zeta Super Card will now also be available on the RuPay platform. The Zeta Super Card, includes robust anti-fraud security measures that lets users make payments across 12 lakh+ outlets across India as well as online stores.<br />
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Referring to the partnership with RuPay, Mr. A. P. Hota, MD & CEO, NPCI said, “We are happy to extend RuPay card platform for salaried individuals across sectors through Zeta. This strategic partnership between RBL Bank and Zeta will assist all individuals to spend their salary perquisites through digital means.”<br />
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Zeta Co-founder and CTO Ramki Gaddipati said, “The combined offering of Zeta, RBL and RuPay is built with a sharp focus on enhancing user experience, and is aimed at accelerating the cashless movement using technologies made in India, for India. Joining the RuPay platform will further strengthen Zeta’s payment network and will also help us reach corporates as well as PSUs with employees based in remote areas.”<br />
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Rajeev Ahuja, Executive Director, RBL Bank said, “RBL Bank has successfully built a strong digital platform business that delivers enhanced services in banking and other domains. We have identified many areas of the economy that, with these technologies, can be made more efficient and also help lower the cost of accessing these services for a larger number of consumers. We believe collaborating with the right partners is an important ingredient towards succeeding in the new era of digital businesses. In Zeta, we have a highly committed partner who is constantly looking to break new ground.” <br />
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Taking forward its commitment towards the Digital India movement, the company will also launch payments via UPI, Bharat QR Code and Aadhaar Pay modes, which will be available to a larger section of the salaried population with or without access to smartphones and magnetic stripe card machines.<br />
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With these payment modes, Zeta intends to remove the existing barriers to digital payments. Salaried employees across all sectors, including PSUs can now take advantage of receiving and spending tax benefits digitally even in remote locations.<br />
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“When it comes to digitising employee benefits, it is essential to consider every employee in the organisation and provide solutions that work for everyone. Several of the PSUs have employees in locations that have limited card network reach,” Mr. Gaddipati added.<br />
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“For many of the small merchants who deal in essentials like food and medicines, the card machines may be unaffordable. We can’t ignore those challenges. Therefore, we built Zeta using technologies made in India, made for India and envisaged for digital inclusion of all the people by the Government of India.” <br />
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“The Zeta benefits platform is on Rupay uses Aadhaar for eKYC and authentication, supports regional languages and is UPI, Bharat QR Code and Aadhaar pay ready. We will start rolling out these options as we start working with PSUs across the country. By providing such inclusive options, Zeta can ensure that salary benefits reach every eligible employee, no matter their location, language and digital literacy level is,” Mr. Gaddipati further added.<br />
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With RuPay’s reach of 12,20,763 enabled POS terminals, Zeta will now have a greater combined acceptance across the country, even while bringing small towns and remote areas into their net. <br />
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With the RuPay tie up, Zeta Super Card users now can also get access to exclusive privileges like:<br />
<ul style="text-align: left;">
<li>Airport lounge access</li>
<li>Cashback on utility bill payments</li>
<li>Personal accident insurance cover</li>
<li>Personal concierge services</li>
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Zeta has been disrupting the meal voucher industry by leveraging technology to ease the process of issuing, receiving and spending the prepaid Instrument for meals. Recent steps proposed by the Reserve Bank of India are also beneficial for overall industry growth.<br />
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With the recent RBI draft proposal on issuance of prepaid meal instruments that says meal vouchers in paper format will not be accepted beyond 31st December 2017, the company is busy helping both public and private sector companies make the move easily.<br />
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Within a short span of one year, Zeta has accumulated a client base of over 650 corporates spread across India and has over 100,000 end users.<br />
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<i>About Zeta: www.zeta.in </i><br />
Zeta, part of the Directi Group, is a fintech start-up dealing with digitised employee benefits, rewards, and digital payments. Zeta started this journey by launching an innovative cloud-based smart benefits suite called Optima. Started in April 2015, Zeta has over 350 employees spread over 11 Indian cities: Mumbai, New Delhi, Hyderabad, Bangalore, Chennai, Pune, Kolkata, Nashik, Baroda, Kochi and Ahmedabad.<br />
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Bhavin Turakhia (CEO) and Ramki Gaddipati (CTO) are the co-founders of Zeta.<br />
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<i>About RBL Bank: www.rblbank.com</i><br />
RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. It currently services over two million customers through a network of 237 branches and 375 ATMs spread across 16 Indian states and Union Territories.<br />
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RBL Bank has been recognised by the World Economic Forum as a ‘Global Growth Company’ (GCC). The Bank has also been awarded as ‘India’s Best Bank (Growth)’ in the ‘Small-Sized Bank Segment’ by Business Today-KPMG Best Bank Study for five consecutive years (2012-16).<br />
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Established in 1943, RBL Bank started a transformational journey under a new management team in 2010. Today, the Bank offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Agribusiness Banking, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations.<br />
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RBL Bank is listed on both NSE and BSE (RBLBANK).</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-24775111397336227212017-01-16T19:32:00.000+05:302017-01-16T19:32:39.993+05:30Pre-Budget analysis session held at IIM Kozhikode; panelists propose wish-list for Government<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Kochi, January 16, 2016:</b> IIM Kozhikode’s (IIMK) campus in Kochi recently conducted a pre-union budget 2017 panel discussion on the theme, ‘India – An emerging economic powerhouse: Policies to boost competitiveness’. <br /><br />The panelists included senior economists and public policy experts like Dr. V. B. Athreya (Economist and Advisor, M.S. Swaminathan Research Foundation), Mr. T K Arun (Editor - Opinion, The Economic Times), Mr. Gajendra Haldea (I.A.S Former Advisor – Infrastructure & PPP to the Planning Commission) and Mr. Ramana Kumar B (Founder, Ovopax Legal CA, Direct Tax Professional). Dr. Rudra Sensarma, Professor of Economics at IIMK, moderated the discussion.<br /><br />Prof. Rudra Sensarma, Professor of Economics, IIMK, while elaborating the key topics for the panel discussion noted that the two major reform periods (separated by 25 years) is being discussed viz., reforms in the year 1991 followed by the current government’s move for demonetization. However, he also noted that that the devaluation of currency happened in 1966-67 which is 25 years earlier to 1990-91. This may also mean that Indians can probably breathe easy for another 25 years.<br /><br />Some of the broad points discussed by eminent panelists were avenues to recover and grow the Indian economy from the effects of demonetization, tax reforms, enhancing public expenditure, financial stability, stressed assets in the banking system, doubling agriculture income and so on. The deliberations were on how India is at the crossroads of an economic power-house in the making. The panel elaborated on policy measures which will accelerate India’s growth to be one of the emerging economic powerhouses.<br /><br />Mr. Gajendra Haldea, at the session, spoke from a macroeconomic perspective and highlighted the robust and resilient growth trajectory of Indian economy. He said, “The reduction in government spending as a proportion of GDP during the last decade is due to enhanced private sector investment.” In order to make growth sustainable and to fund higher planned public expenditure, policy makers must devise policy and institutional arrangements to enhance private investments. <br /><br />Given the rise in stressed assets in the banking system coupled with the large quantum of resources needed for banks’ recapitalisation, Mr. Haldea expects that capital formation will not improve much in the short run and the direct impact of this will be felt in infrastructure investments. These issues have to be addressed by sustained government policies aimed at creating an environment of trust to encourage private and foreign investment. These measures would free precious government resources for utilization in welfare oriented investments programs viz. creation of rural employment opportunities, health, education etc. He emphasized that this budget should come up with actionable policy measures to achieve the stated goals of doubling agriculture income, increase in manufacturing activity, investment in infrastructure etc. However, he cautioned that in view of the elections in five states, one may expect populist measures to alleviate the pain caused by demonetization rather than what is needed for the economy. <br /><br />Mr. T K Arun argued for enhanced public expenditure through reining in fiscal deficit. Over the last 2 decades, taxation revenue has become more balanced between direct and indirect taxes. Hence the government must focus on reforming tax administration. At the same time, policy makers should focus on attracting foreign investments by committing to a credible Indian growth story. This can be done by addressing issues related to project implementation, regulatory and judicial mechanism, and corruption leakages. A significant step towards this would be by regulating funding of political parties. He further added, in a globalized world, for sustaining growth and development, there is a need to ensure financial stability by reducing the exposure to foreign exchange fluctuations. The proportion of stressed assets in the banking system is very high, 12% which itself is an understatement ‘Ever greening’. To overcome this, Mr. TK Arun urged that policy makers ease the process of liquidating bad assets by activating the insolvency and bankruptcy code. These policy measures would lay down the exit process for liquidating stressed assets out of the ‘Chakravyuha’. In the absence of these measures, the banking system would be reluctant to lend. This combined with piling up of deposits would add further stress to bank’s profitability. Given the green shoots visible in the reviving global economy, this budget should balance public expenditure with fiscal prudence by ensuring financial stability.<br /><br />Prof. Venkatesh Athreya started by saying that budget is one of the several policy instruments and numbers quoted in the budget are estimates and it gets revised. Given the distribution of assets in the economy, those who are economically powerful have a much powerful influence on public policy. Budget will more likely to reflect their interests. He listed the constraints by detailing how the world economy has a great influence on our national economy. He also expressed his doubts on whether the government would increase public expenditure. He recommended increase in budgetary outlays focusing on creating physical and social infrastructure. In order to raise resources he recommended a more transparent tax regime in general and an enhanced direct tax collection in particular through reduced exemptions and/or higher tax rates. Further to ensure compliance, he recommended implementation of GAAR targeting big businesses. <br /><br />The successive government in the center has reduced the fiscal space available to the states, have relegated a lot of fiscal space to the centre, a trend which would continue with implementation of GST. Prof. Athreya recommended a more democratic decentralized approach, right down to elected local bodies and more balanced centre state financial relationship and devolution of more funds to local bodies. Given the recent history, Prof. Athreya expects a lot of rhetoric, but very little action to stimulate the economy with greater allocation to agriculture, infrastructure and health but was skeptical, if it will happen in this budget.<br /><br />Mr. Ramana Kumar was of the opinion that demonetisation, irrespective of whether it’s good or bad is a given. The forthcoming budget should address avenues to recoup from the effects of demonetisation. He touched upon the following; 1) Presumptive taxes and tax audit limit: As a measure to soothe the effect of demonetisation on SME’s presumptive taxation rates were recommended to be dropped from 8% to 6% or low. 2) Increase the tax audit limit to 3 crores from 1 crore. As lowering of IT rate, historically have seen lower tax rate bringing more compliance and more revenue. 3) Globally tax rates are comparatively low averaging from 15% to 25%. India’s high rate needs to be brought down to around 25%. <br /><br />Mr. Kumar stressed on a number of tax reforms such simplification of tax rules 80JJAA as it is one of the most underutilised sections with a direct impact of increased job opportunities, tax reforms to promote research and transfer of technology, removal of MAT, more tax reforms for the manufacturing and agriculture sector as they are the backbone of the economy. He also said, that, in order to increase the personal income tax collection and widening the tax base, this budget should not focus on increasing the exemption limit from 2.5 lakhs, rather it should reintroduce standard deduction and enhanced rebates. Introduction of a new tax resolution system in India to enhance the ease of doing business as well as to reduce the stress on dispute resolution, a simpler tax resolution mechanism were some of the recommendations. <br /><br />In order to alleviate the impact of demonetization on SME’s, the budget should enhance the threshold of GAAR from 3 crores to a higher limit. The budget should not reintroduce long term capital gain tax, the current security transaction tax mechanism should be continued. Cesses and surcharges are levied under exceptional circumstances. However, this has become a matter for routine for all the government. Mr. Ramana recommended removal of all cess and surcharge and include the same in the tax structure.<br /><br /><b>About Indian Institute of Management, Kozhikode</b><br />Started in 1997 with its Postgraduate Programme (PGP), the Indian Institute of Management Kozhikode (IIMK) is on a high growth trajectory today, offering widest range of academic programmes in the field of management education. These include Fellow Program in Management, Executive PG Programs, Management Development Programs and Faculty Development Programs. IIMK set up a campus at Infopark, Kochi, in 2013 dedicated to Executive Education. <br /> </div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-61174886733831690382017-01-16T19:30:00.000+05:302017-01-16T19:30:29.043+05:30Muthoot Finance’s Public Issue of Non – Convertible Redeemable Debentures to open on January 17<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Kochi, 16th January, 2017:</b> Muthoot Finance Ltd, the largest gold financing company in India, has opened a public issue of Non-Convertible Debentures - Secured & Unsecured (NCDs).<br />
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Muthoot Finance Ltd announces its 16th series of Public Issue of Non-convertible Redeemable Debentures. Company has filed a Shelf Prospectus for issue of Secured Redeemable Non-Convertible Debentures (“Secured NCDs”) of face value of Rs. 1,000 each aggregating upto Rs. 1300 crores and Unsecured Redeemable Non-Convertible Debentures (“Unsecured NCDs”) of face value of Rs. 1,000 each aggregating upto Rs. 100 crores, totalling upto Rs. 1400 crores (“Shelf Limit”). The Tranche issue is with a base issue size of ₹ 200 crores with an option to retain oversubscription upto shelf limit of Rs. 1400 crores (“Tranche I issue”).<br />
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The issue opens on January 17, 2017 and closes on February 17, 2017 with an option to close earlier and/or extend upto a period as may be determined by a duly authorised committee of the Board. The issue is rated by two Credit Rating Agencies - CRISIL and ICRA. Both agencies have awarded long term debt rating of ’AA/Stable’ for the debentures offered under the issue. The rating scale indicates ‘High degree of safety regarding timely servicing of financial obligations and very low credit risk’. <br />
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The NCDs are proposed to be listed on BSE Limited.<br />
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There are ten investment options for Secured NCDs with Monthly or Annual interest payment frequency or On maturity redemption payments with effective yield p.a. ranging from 8.25% to 9.25% for Retail Investors. The investment option for Unsecured NCDs is a scheme which doubles the invested amount in 96months with an effective yield p.a. of 9.06% for Retail Investors. The funds raised through this issue will be utilised primarily for lending activities of the Company.<br />
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The Lead Managers to the issue are Edelweiss Financial Services Limited and A. K. Capital Services Limited. IDBI Trusteeship Services Limited is the Debenture Trustee. Link Intime India Private Limited is the Registrar to the Issue.<br />
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Quoting on the issue , George Alexander Muthoot has said “This is the first public issue by the Company after rating upgrade by CRISIL and ICRA on our long term debt instruments to ‘AA/Stable’. Given the current liquidity condition and low interest rates offered on bank deposits, the rate of interest offered in the current issue will be an attractive investment option for retail investors. We have allocated 70% of the issue for retail investors.”<br />
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<b>About Muthoot Finance Ltd:</b><br />
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a ‘Systemically Important Non-deposit taking NBFC’ headquartered in the southern Indian state of Kerala. <br />
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Operating history of Muthoot Finance has evolved over a period of 76 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887. <br />
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The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. Company is listed on both National Stock Exchange and BSE Ltd.</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-34307742241226818672017-01-16T19:20:00.001+05:302017-01-16T19:20:29.111+05:30IIT Madras Wins Top Honours at First Season of ‘Samsung E.D.G.E.’ Campus Program<div dir="ltr" style="text-align: left;" trbidi="on">
<i>Team from XLRI Jamshedpur came second while the team from Faculty of Management Studies, Delhi came third in the program</i><b><br />NEW DELHI, India – January 16, 2017 –</b> Samsung India conducted the first season of its campus program Samsung E.D.G.E. with participation from the country’s brightest minds at leading B-schools and engineering colleges.<br />
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The program has been designed to engage with leading B-school and engineering talent across India with students getting an opportunity to interact with the leadership team at Samsung, work on real-world business problems and come up with their unique solutions.<br />
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The team from Indian Institute of Technology (IIT), Madras emerged as the winner in the National Round of the program. The first runner up was the team from XLRI Jamshedpur while the second runner up was from the Faculty of Management Studies, Delhi. Twelve of the top teams that were winners from all zonal rounds competed at the grand finale of the Samsung E.D.G.E. program, which was held in Gurgaon on January 14, 2017. <br />
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The winning team members received a prize of INR 3 lakh and a Gear S3 smartwatch each while the team that came second got a prize of INR 1.5 lakh. The third team received a prize of INR 75,000.<br />
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Students from the top two teams were designated Samsung Campus Ambassadors and second year MBA students received a pre placement interview from Samsung. All 12 teams that reached the National Round also received vouchers worth INR 10,000. The winning team from IIT Madras presented a solution on leadership strategy in digital payments using a disruptive technology backbone built around Samsung’s mobile payment service Samsung Pay that has been launched globally.<br />
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Commenting on the successful culmination of the program, Udaiy Khanna, Vice President - Human Resources, Samsung India, said, “The response from students has been overwhelming and we are extremely happy with the success of the first season of the Samsung E.D.G.E. program. At Samsung, we always strive to encourage young minds and nurture the spirit of innovation among them.” <br />
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Launched in December 2016, Samsung E.D.G.E. is a first-of-its-kind campus program, to provide a platform that gives the country’s brightest students at leading B-schools and engineering colleges an opportunity to get a head-start in their careers. Samsung E.D.G.E. comprised of three rounds. Three teams per campus were shortlisted for the Zonal Round in which all the teams closely worked on a case study and presented their unique solutions. A total of 45 teams from across 15 campuses were shortlisted for the Zonal Round in which the participants worked on different case studies and presented their unique solutions.<br />
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<b>About Samsung Electronics Co., Ltd.</b><br />
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and semiconductor and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com/in.</div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-23951003331489707082017-01-16T19:04:00.001+05:302017-01-16T19:04:20.414+05:30Infosys Announces Internal Carbon Price<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Zurich – January 16, 2017:</b> Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. <br />
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Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. The company has implemented a three-pronged strategy to go carbon neutral: energy efficiency, renewable power, and emission offsets. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018.<br />
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Infosys derived its internal carbon price based on its program to completely decarbonize under the carbon neutral commitment. The carbon price announced today is a weighted average of the prices of carbon under the energy efficiency, renewable energy, and emission offset levers. The price of carbon under each lever was estimated based on the company’s past and ongoing investments in the area.<br />
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Speaking at the event, Sandeep Dadlani, President and Head – Americas, Infosys said, “We recognize that global warming is the biggest threat the world is facing today. We understand the significance of the 20C global warming limit under the Paris Agreement. For Infosys, by putting a price on carbon, we have further cemented our commitment to become carbon neutral. As a responsible company, we are very proud to be one among a handful of companies in the world to announce an internal carbon price. We hope that it becomes a global movement and helps save the planet by keeping global warming under 20C.”<br />
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Putting a price on carbon is akin to the concept of ‘polluter pays’. Infosys now has the option of using the internal carbon price as a basis to internally raise funds from businesses or departments and use the funds for corporate emission reduction programs. The internal carbon pricing exercise itself gave us deeper insights into the various pathways to reduce emissions and their relative merits and effectiveness.<br />
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CPLC, launched during the COP21 in Paris, is working with corporates and governments to advance the concept of carbon pricing. The Paris Agreement reached at the COP21 commits to limit global warming to well below 20C. That calls for an unprecedented and drastic cut in global greenhouse gas emissions, transitioning into a low carbon economy and moving toward a carbon neutral economy by the end of the century. Experts believe that the success of such a transition lies in putting a price on carbon. Infosys joined CPLC in 2016. <br />
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<b>About Infosys</b><br />
Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 199,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.<br />
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Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.<br />
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<b>About CPLC</b><br />
The Coalition is a voluntary partnership of national and sub-national governments, businesses, and civil society organizations that agree to advance the carbon pricing agenda by working with each other towards the long-term objective of a carbon price applied throughout the global economy by:<br />
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• strengthening carbon pricing policies to redirect investment commensurate with the scale of the climate challenge;<br />
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• bringing forward and strengthening the implementation of existing carbon pricing policies to better manage investment risks and opportunities; and<br />
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• enhancing cooperation to share information, expertise and lessons learned on developing and implementing carbon pricing through various "readiness" platforms<br />
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The Coalition will collect the evidence base, benefiting from experience around the world in designing and using carbon pricing, and use this input to help inform successful carbon pricing policy development and use of carbon pricing in businesses. It will also deepen understanding of the business and economic case for carbon pricing. In that role, it is developing pathways for use by companies, investors and governments that will illustrate plausible outlooks under a variety of carbon pricing policies and timelines. Finally, the coalition will work to bring together government and business in leadership dialogues that identify and address the most pressing issues, and in doing so, accelerate the use of carbon pricing around the world.<br />
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Visit www.carbonpricingleadership.org to find more about CPLC and its activities.<br />
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<b>Safe Harbor</b><br />
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2016. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.</div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-28337417414245367662016-12-20T12:39:00.005+05:302016-12-20T12:39:54.164+05:30Conference on Nepal Business Opportunities to be Held at Nepal Embassy in New Delhi<div dir="ltr" style="text-align: left;" trbidi="on">
<b>New Delhi, December 19:</b> Embassy of Nepal in New Delhi along with Uma Ventures based in Silicon Valley, USA is organizing a conference inviting the Indian investment and business community to learn about investment and business opportunities in Nepal. The conference will be held on January 24 at the Embassy premises Barakhamba Road, New Delhi. The organizers have invited business leaders to attend the event. <br />
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"Nepal is strategically located between India and Nepal. Nepal shares an open border with India. There are many treaties that Nepal and India have jointly signed to facilitate cross-border business.", according to the embassy statement.<br />
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<tr><td class="tr-caption" style="text-align: center;">Ambassador of Nepal to India HE Deep Kumar Upadhyay</td></tr>
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The signing of the India-Nepal Treaty of Peace and Friendship in 1950 established the framework for the unique ties between India and Nepal. India is Nepal's important trade partner. India is also a major source country of Nepal's foreign direct investment. Due to geographical proximity, socio-cultural linkages and increased interactions between the two peoples, trade, commerce and economic cooperation have been expanding along with the growth in other aspects of bilateral relationship.<br />
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<tr><td class="tr-caption" style="text-align: center;">Ash Shrivastav of Uma Ventures</td></tr>
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Newly appointed Ambassador to India His Excellency Mr. Deep Kumar Upadhyaya said that at this conference, the attendees will be able explore the potential Nepal business opportunities, get familiar with the treaties and meet people who are either doing business in Nepal or considering entering in Nepal market. Ash Shrivastav of Uma Ventures said that there are many investment funds investing in the emerging markets but it's extremely rare that a Fund has considered Nepal. Although Nepal is located between world's two largest economies, Nepal has been overlooked. His firm Uma Ventures is a growth stage private equity firm with operations in United States and Nepal.</div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-29915084869258929202016-12-16T14:27:00.000+05:302016-12-16T14:27:02.995+05:30Ferrero Rocher rolls out Precious Christmas campaign<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Kochi, December 16, 2016: </b>Christmas is time for joy, magic, decorated Christmas trees, plenty of presents and the perpetual wait for Santa to arrive. With Christmas round the corner, Ferrero Rocher has rolled out its #Precious Christmas campaign.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8htS3z4TpUoFgz3FI-SiyMZpc_acxkH-XSmgiJbVVsP4PQcJGmiOabwEIBxiSCRT4VDcnBHVgrGy_c4zLQ86fvMYQKPzSgCU_UjdxLH4gj5U3hP-7Eeb_AQ_AOcz1QDGZ6xshiQ1zy5k/s1600/Precious-Christmas-campaign.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8htS3z4TpUoFgz3FI-SiyMZpc_acxkH-XSmgiJbVVsP4PQcJGmiOabwEIBxiSCRT4VDcnBHVgrGy_c4zLQ86fvMYQKPzSgCU_UjdxLH4gj5U3hP-7Eeb_AQ_AOcz1QDGZ6xshiQ1zy5k/s320/Precious-Christmas-campaign.jpg" width="320" /></a></div>
As a part of the campaign, Ferrero Rocher on its digital page will launch an advent calendar that would showcase golden inspirational videos of Christmas home décor each day. These videos will showcase how to decorate your home this Christmas, with elegant home decor ideas like golden snowflakes, paper Christmas trees, golden Christmas stars etc. The advent calendar will be present on the digital page from December 16 to December 25, 2016.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKbXOBDMCRp3yawOlnXMfH6_MCtt2ZojlYqr11chHIoEDMmpHyTTnOkvfo7UwyjJjO3LsZAsR_pm_GcJydCjl9OuOPQ0JLZnXNRI_HOlVK8a4umzEB_3PD7X_3lp59jufRi8KCZFwaoz4/s1600/Ferrero-Rocher-rolls-out-Pr.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKbXOBDMCRp3yawOlnXMfH6_MCtt2ZojlYqr11chHIoEDMmpHyTTnOkvfo7UwyjJjO3LsZAsR_pm_GcJydCjl9OuOPQ0JLZnXNRI_HOlVK8a4umzEB_3PD7X_3lp59jufRi8KCZFwaoz4/s320/Ferrero-Rocher-rolls-out-Pr.jpg" width="320" /></a><br />
Talking about the initiative, Ferrero India spokesperson said “With this digital activity, our aim is to build the Christmas spirit and make a precious experience of joy with the people they love. This Christmas, Ferrero Rocher gives consumers a bundle of inspirational decoration ideas to turn their special moments into a golden experience.”</div>
kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-91154854839455185082016-08-09T18:09:00.001+05:302016-08-09T18:09:15.629+05:30KTM 2016 will see representation from 57 countries with 10 new entrants<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Kochi, August 9:</b> Providing unequivocal demonstration of the global stature and reach enjoyed by the Kerala Travel Mart (KTM), the largest gathering of tourism stakeholders in the state is set to host 57 countries with 10 first-time participants.<br />
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As well, the biennial meet’s upcoming ninth edition will see the biggest-ever delegate contingents from 10 prized traditional markets – including the US, Canada and Australia – in attendance. Counting representation from the new entrants: China, Japan, South Korea, Saudi Arabia, Mexico, Georgia, Chile, Greece, Iran and Botswana, as many as 57 countries as also 20 Indian states are now scheduled to explore tourism opportunities in ‘God’s Own Country’ at the three-day event organised by the Kerala Travel Mart Society in association with Department of Tourism, Government of Kerala.<br />
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The number of registered international delegates attending KTM 2016, to be inaugurated on World Tourism Day, September 27, has swelled to 560. Domestic participation has been buoyed as well with some 1,304 domestic buyers expected to participate this year.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3GjNPtb3LvzYOPoz_yFIfgnm4IBDpwFoKlq7eX_PmWUcdVAParEE1gEGMdWcVZjO9c8pVzOYxLWkKJQjYJ4iMTBb-6heqC7Q7O-c7IR-4tdE759UoZMG7-Finhjt2cYIqjrMqCWXWfCc/s1600/KTM-President-Abraham-Georg.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3GjNPtb3LvzYOPoz_yFIfgnm4IBDpwFoKlq7eX_PmWUcdVAParEE1gEGMdWcVZjO9c8pVzOYxLWkKJQjYJ4iMTBb-6heqC7Q7O-c7IR-4tdE759UoZMG7-Finhjt2cYIqjrMqCWXWfCc/s1600/KTM-President-Abraham-Georg.jpg" /></a>“The KTM has always placed as much emphasis on the identification of quality buyers from new countries as on retaining participation levels from conventional markets. With 10 new nations confirmed to participate this year, our efforts have borne fruit,” said KTM Society President Shri Abraham George.<br />
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“Moreover, the increase in registrations from the 10 conventional markets including United States, Canada and Australia- one of our stated goals going into this edition – is further proof of the KTM’s growing profile,” he added.<br />
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An array of products, services and packages from around 261 sellers including hotels, resorts, houseboats, Ayurveda resorts, homestays and tour operators, will find showcase at the event, which runs till September 30 at the Samudrika and Sagara Convention Centre on Willingdon Island, Kochi.<br />
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“For KTM 2016, we have extended the prefixed appointment system for domestic buyers which will help the business session more effective to both the sellers and buyers. The focus is for emphasizing more on quality,” said Shri Abraham.<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Gnab2KU9De1r4VEQE0XpGHdK3C4x4IjFcseu2jz89iCVRWfRPv7YwoYugoCq8n9r3oZtqUWnPwufge_C3q0NI5a_uhQM4RUOCMcbcKDiE4kiPq9jiAb8rbkw2kE2s9c7yDuYztIJJas/s1600/Kerala-Travel-Mart.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Gnab2KU9De1r4VEQE0XpGHdK3C4x4IjFcseu2jz89iCVRWfRPv7YwoYugoCq8n9r3oZtqUWnPwufge_C3q0NI5a_uhQM4RUOCMcbcKDiE4kiPq9jiAb8rbkw2kE2s9c7yDuYztIJJas/s320/Kerala-Travel-Mart.jpg" width="263" /></a><br />
KTM will witness 25,000 business meetings apart from other non-scheduled meetings. The mart is designed to facilitate B2B networking and interactions among travel industry professionals and entrepreneurs from Kerala and across the world, thereby providing a vehicle for significant business linkages between the state’s tourism fraternity and the international travel market.<br />
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KTM 2016 will focus on the themes of ‘Responsible Tourism’ and the ‘Muziris and Spice Route’. In a unique attempt to promote the ‘Muziris and Spice Route’ theme, UNESCO together with Kerala Tourism and the Union Tourism ministry will host a ‘Spice Route Culinary Festival’ from September 23-26, in which leading chefs from the 31 member countries on the historic Spice Route will participate. The event is organised as a prelude to the Mart.<br />
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Keywords<b>: Kerala, Kochi, Business. </b></div>
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kvarthakgd1http://www.blogger.com/profile/02779881548893475466noreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-58221145146585194852016-08-09T00:10:00.000+05:302016-08-09T00:10:13.652+05:30Parliament passes GST Bill<div dir="ltr" style="text-align: left;" trbidi="on">
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The long-delayed GST Constitution bill was passed by Parliament on Monday, marking a historic step for tax reforms+ . Prime Minister Narendra Modi said GST was "crucial" for ending tax terrorism besides reducing corruption and black money. <br /> <br /> The GST will make consumer the "king", PM Modi said+ thanking all parties for their support to the Bill. <br /> <br /> The Constitution (122nd Amendment) Bill, which was passed by the Lok Sabha in May 2015, was taken up again by the Lower House to approve the changes made in it by the Rajya Sabha last week. <br /> <br /> The government had moved six official amendments, including scrapping of 1 per cent additional tax, to the bill which were approved by the Upper House. </div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-66251548829878980792016-06-21T09:08:00.003+05:302016-06-21T09:08:47.161+05:30World Bank forecasts 7.6% growth for India<div dir="ltr" style="text-align: left;" trbidi="on">
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The World Bank has forecast India's economic growth at 7.6 per cent rate in the current financial year, the same as was registered in 2015-16. To grow at even this rate, the economy would have to activate its stalled engines - agricultural growth and rural demand, trade and private investment - and sustain demand from urban households and public investments, The World Bank said. Growth would gradually recover to 7.7 per cent next year and 7.8 per cent in 2018-19, it said in its latest India Development Update, released on Monday.<br /> <br /> The report is titled Financing Double-Digit Growth and it prescribed the government carry out reforms, particularly in the financial sector, to enable the economy touch 10 per cent growth or more. Amid allegations that economic growth is not creating jobs, the World Bank report said manufacturing and services sectors, which expanded 7.4 per cent and 8.9 per cent respectively in FY16, also created urban jobs. It should be mentioned that the 7.6 per cent growth forecast the economy in the current financial year is 0.2 percentage points lower than predictions made in January.</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-48166338111754574282016-05-17T10:00:00.000+05:302016-05-17T13:58:37.482+05:30Rupee Appreciates Against USD<div dir="ltr" style="text-align: left;" trbidi="on">
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The rupee appreciated by 6 paise to 66.74 against the US dollar in early trade on Tuesday, tracking positive trading in most Asian currency. <br />
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The domestic currency had slipped three paise to hit a two-month closing low of 66.80 on Monday on persistent dollar demand from banks and importers. </div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-14227640033530579902016-05-10T07:30:00.000+05:302016-05-10T09:36:39.836+05:30 for past 3 years India has trade deficit with 27 countries<div dir="ltr" style="text-align: left;" trbidi="on">
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India has a trade deficit with as many as 27 major countries, including China, Australia, Iraq and Iran, during the last three years.<br /><br />With these countries, India has trade deficit continuously during the last three years, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.<br /><br />She said India generally runs a deficit with those countries from which high-demand commodities are sourced.<br /><br />These include items like crude oil, gold, diamond and fertiliser. In 2015—16, India’s trade deficit fell 14 per cent to $118.35 billion.<br /><br />Other countries with which India has a trade gap include Indonesia, Korea, Germany, Canada, Taiwan, Russia and Ukraine.<br /><br />In a separate reply, she said India’s exports have been adversely affected by recessionary trends across the globe, including in the EU and the U.S. — PTI</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-36314526311433976322016-04-20T16:00:00.000+05:302016-04-20T21:59:08.446+05:30Wipro Plans Big Bets On Digital Services To Double Revenue<div dir="ltr" style="text-align: left;" trbidi="on">
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<strong>Bengaluru:</strong> The new boss of Indian IT services firm
Wipro Ltd is betting on digital and automation services to stem a
decline in market share and double revenue over the next four years.<br /><br />
Abidali Neemuchwala, who took over the reins at India's third-largest
software services exporter in February, told a post-earnings press
conference that the company plans to boost revenue to $15 billion by
fiscal 2020, from $7.7 billion in the 2015-16 financial year.<br /><br />
The revival plan, first outlined in an internal company memo in
February, comes as Wipro grapples with shrinking margins and falling
profits.<br /><br />
The Bengaluru-based company has lagged larger domestic rivals Infosys
and Tata Consultancy Services (TCS) in switching to high-margin digital
services as tight competition has pressured fees for routine IT
services.<br /><br />
Neemuchwala said initiatives to improve digital sales would include
merging the company's consulting business with its digital services
business and setting up new training schemes for employees.</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-1131528751961402872016-04-19T20:00:00.000+05:302016-04-19T21:01:20.047+05:30Back with a Bang: Nestle India relaunches vegetable atta noodles and oats variants of Maggi.<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>New Delhi:</b> Looking to claw back its market share in
instant noodles segment, Nestle India has relaunched vegetable atta
noodles and oats variants of Maggi.<br />
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Besides, the company claimed that it has strengthened its leadership
position in the category with more than 50 per cent market share after
five months of the relaunch.<br />
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"With the latest relaunch, we are aiming to provide more choices to suit
consumer preferences, driving greater volumes and building back our
market share. I am happy that we have gained month-on-month and continue
to lead noodles category with over 50 per cent market share," Nestle
India Chairman and Managing Director Suresh Narayanan said.<br />
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The company has partnered e-commerce marketplace Snapdeal for an
exclusive preview sale of a special kit for four packs each, Nestle
India said in a statement.<br />
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At present, Maggi noodles is available in two variants -- Masala and
Chicken. Nestle had relaunched Maggi in November after it went off the
market for five months due to a ban by central food safety regulator
FSSAI over alleged presence of lead beyond permissible limits.<br />
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Last week, its parent firm Nestle SA said India business is "recovering
faster than anticipated" although the performance will continue to
impact the company's showing in Asia, Oceania and sub-Saharan Africa
(AOA) region.<br />
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<i>(This story has not been edited by KVARTHA staff and is auto-generated from a syndicated feed.)</i> </div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-2865501596265495454.post-87686654140052182312016-04-05T09:16:00.002+05:302016-04-05T09:16:46.727+05:30Crude Oil Prices Fall Further<div dir="ltr" style="text-align: left;" trbidi="on">
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Crude oil prices fell in early Asian trading on Tuesday on signs of weakening gasoline demand, long a pillar of support for struggling fuel markets, in both North America and Asia.<br /><br /> Front month U.S. West Texas Intermediate (WTI) crude futures were trading at $35.39 per barrel at 0015 GMT, down 30 cents from their last settlement.<br /><br /> International Brent futures were down 23 cents at $37.46 a barrel.<br /><br /> The declines extended falls from the previous two sessions as investors doubted that producers will be able to rein in global overproduction that has seen crude prices tumble by as much as 70 percent since mid-2014.<br /><br /> Tuesday's declines came after U.S. gasoline demand fell for the first time in 14 months while oversupply and slowing economic growth in Asia forced some traders to store unqwanted gasoline aboard tankers as onshore storage facilities in Singapore and Malaysia are filled to the rims.</div>
Anonymousnoreply@blogger.com0