Thursday, February 21, 2019

Latest News

Zebi acquires blockchain start- up Element42

  Element42 provides customers anti-fraud and transparency solutions Zebi, a leading blockchain company, has announced the acquisition of Element42, a Bangalore based blockchain start-up. Zebi has...

Dassault Systèmes to develop UAV for General Aeronautics

General Aeronautics designs, develops and produces state of the art fixed-wing and rotary-wing UAS for a wide range of civilian, humanitarian and military roles:...

CSS launches WanderB VTOL

Cyient Solutions & Sysytems (CSS), a joint venture between Cyient Ltd. and BlueBird Aero Systems, Israel, today launched its latest offering, the WanderB Vertical...

Mediar partners with Qlik to aid distribution in Lebanon

Medair uses Qlik's analytics platform to engage stakeholders, drive decisions on aid programs, and monitor and evaluate projects as well as drive organizational performance. Medair,...

Millwood Kane partners with Ayia Napa Marina in India

A 300 million-euro project AYIA NAPA MARINA aims to tap into the niche Indian audience looking for attractive investment options along with luxurious lifestyle...

Trivitron Healthcare ventures into Color Doppler Segment

Kiran Medical Systems, the radiology division of Trivitron Healthcare, has ventured into Color Doppler Ultrasound with  the launch of Kiran SonoRad V9 Color Doppler...

Netcore names its AI/ML Engine ‘Raman’

Paying a tribute to two great Indian scholars: Nobel Laureate & physicist C.V. Raman, and the mathematical genius, S. Ramanujan, Netcore has named its...

Narayan Ranjan joins Happydemic as COO

With over two decades of a stellar career in the media and entertainment industry, Ranjan began his career as Head of Planning at STAR...

Moody’s changes Yes Bank’s ratings to stable from negative

  The rating action takes into account recent developments including: (1) the results of the Reserve Bank of India's (RBI) risk assessment report (the so-called...

AglaSem launches one-click solution for college applications

A project in its initial launch stage, aglasem already has 30 colleges/exams to which students can apply from a single platform AglaSem EduTech Pvt Ltd...

Microsoft releases whitpaper on India’s readiness for AI

The whitepaper titled 'AGE OF INTELLIGENCE' outlines challenges and opportunities with respect to AI and how appropriate government policies, technological advancements including growing internet penetration and connectivity...

Tata AIG General Insurance deploys QMS for SME

The tool is being hailed as one of the top innovations in the BFSI space, adding to Tata AIG's list of many industry firsts. Tata...

Ambuja Cements announces Q4 results

Q4 Standalone PAT Increases by 58.9 Percent, Full Year Standalone PAT Increases by 19.0 Percent Ambuja Cements Limited on Monday (Feb 18) announced its standalone...

Our vision is to build ‘Companies of the Future’ that have...

  BLS Accelerator, a part of BLS International, is probably India’s only startup accelerator that is focused on building a global platform for Indian startups....

Servion Global appoints Laurent Philonenko as CEO

  Servion Global Solutions (Servion), a leading specialist in Customer Experience Management (CEM) - backed by Everstone Capital and Solmark - announced today the appointment...

Paytm Money appoints Suresh Vasudevan as CTO

Paytm Money has partnered with 35 Asset Management Companies covering over 96% of industry AUM of the mutual fund industry Paytm Money - India's largest...

Harshil Mehta resigns as DHFL CEO

DHFL CEO Harshil Mehta has resigned from his current position with immediate effect. However, he would continue to be associated with the company as Executive President -Retail Business with effect from February 14, 2019.

The board has also recommended the appointment of Sunjoy Joshi as an Independent Director and Srinath Sridharan as a Non-Executive Director.


Inflation continues to surprise on the downside: Tushar Arora, Senior Economist – HDFC Bank

Inflation continues to surprise on the downside. The headline number remains below the target of the central bank. Even as services inflation remains high, it is really the headline reading which is likely to determine how the RBI responds in the next policy. We expect one more 25 bps rate cut by the RBI in the April monetary policy meet.


Siemens Q1 FY19 Profit after Tax up by 19.7%

Revenue up by 15.7%

Siemens Ltd. reported a 15.7% growth in Revenue at Rs. 2,734 crore and a 19.7% growth in Profit after Tax of Rs. 228 crore for the first quarter of Financial Year 2019 as compared to the corresponding quarter of the previous year.

While New Orders of the Base Business (less than Rs. 100 crore) grew by 16% in the quarter, the overall New Orders grew by 4.1% to Rs. 3,391 crore, compared to Rs. 3,257 crore in the first quarter of Financial Year 2018.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our businesses with Industrial and Utility customers have grown well and we continue to receive very positive responses to our digitalization solutions.”

 


Budget 2019 Industry Outlook

Shikhar Aggarwal, JMD, BLS International

The interim budget appears balanced and forward-looking. The focus on creating digital infrastructure in villages and expanding common service centers to digitally deliver services to citizens is a very positive move. My own company is amongst the pioneers in this area and we know how it can help increase efficiencies for Citizens as well as for Government officials, while also creating employment in the local eco-system. Artificial Intelligence and machine learning are becoming increasingly important for business and setting up of the national center for artificial intelligence along with the development of the national AI portal are very welcome. It will further improve the ability to handle large data efficiently and with greater data security.


JET AIRWAYS announces 7-day special fare sale

Jet Airways announces an attractive 7-day fare sale to commemorate India’s 70th Republic Day, wherein, guests can avail discounts of up to 50% on their bookings with the airline. The limited period offer effective today is valid for both one-way and return journeys for Premiere and Economy travel across the airline’s domestic as well as international network including the airline’s gateways in Abu Dhabi, Amsterdam-Schiphol, London-Heathrow and Paris Charles De Gaulle.

The mega Sale is available across all booking channels of the airline till midnight of Wednesday, 30th January, 2019.


GoAir announces low fares

To celebrate 70th year of the Republic Day, GoAir, India’s fastest growing airline, today announced its RepublicDay bonanza with fares starting as low as Rs. 999 all-inclusive of taxes across 26 destinations on its domestic and international network. The travel period is from 09 February to 30 September 2019 and the booking period starts from January 24 to January 26, 2019. Booking for travel can be made across all channels and the offer is available on first-come-first-served basis.

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