Thursday, July 19, 2018

Latest News

Cashkumar receives NBFC-P2P license from RBI

Focused exclusively on short-term loans for salaried individuals, Cashkumar to expand operations Cashkumar, among the only P2P lending platforms focused exclusively on short term loans...

Adecco Group appoints Marco Valsecchi

The Adecco Group appoints Marco Valsecchi as Country Manager & Managing Director for India The Adecco Group India, the world’s leading provider of HR solutions,...

Travelyaari partners with Amazon Pay

Travelyaari ties up with Amazon Pay to enable one-click payments and seamless bookings for customers As a special offer for the month of July, customers...

Weizmann Forex bags 5 city airport licenses across India

Weizmann to cater 81 million passengers across five airports in Hyderabad, Goa, Cochin, Chandigarh and Mumbai Weizmann Forex Limited, a leading player in the foreign...

BMW launches G 310 R and G 310 GS in India

The all-new BMW G 310 R and the all-new BMW G 310 GS have been developed in Munich, Germany by BMW Motorrad and will...

Digital technology is transforming shoppers’ expectations: Anuj Kejriwal, ANAROCK Retail

In today’s digital era, physical stores are getting ‘smarter’ by using technologies like robotic intelligence, analytical data and consumer-centric platforms such as Augmented Reality...

SaffronStays raises Pre-Series A Funds

SaffronStays Secures Pre-Series A Investment from Sixth Sense Ventures Micro-hospitality start-up SaffronStays has successfully raised and secured an undisclosed amount as investment from consumer-centric VC...

ICICI Bank supports over 1.7 million women through SBLP programme

ICICI Bank crosses milestone of supporting 17 lakh women beneficiaries in Tamil Nadu through its Self Help Group – Bank Linkage (SBLP) programme The...

Trend Micro offers ‘Connected Threat Defense’ security solutions for Enterprises

Trend Micro’s ‘Connected Threat Defense’ to help Enterprises Secure themselves from Newer Threats A layered approach providing a 360-degree monitoring of network traffic to improve...

BMW Motorrad Motorcycles offers Unlimited Kilometres Warranty

'Three Years, Unlimited Kilometres' Warranty Now Offered as Standard Across the Entire Range of BMW Motorrad Motorcycles   BMW Motorrad India has now introduced a standard...

Payswiff launches ‘Android Powered POS’

Payswiff Android POS is an integrated solution which can be used by every business vertical, supports multiple use cases including retail, banks, road transport,...

Saffron appoints Chef Abdul Quddus

All New Menu and Appointment of Chef Abdul Quddus at Saffron, the Indian Specialty Restaurant at JW Marriott Mumbai Juhu Reminiscing a time when...

Asahi India launches new range of architectural glass

Asahi India Glass Ltd. unfurls a new decorative range of architectural glass  Asahi India Glass Limited (AIS), India has launched a new decorative range of...

Affordability is important for growth of home automation in India: Virang...

  Home automation, a 4 decade old industry in India, was limited to its utilization by HNIs (High Network Individuals) and office spaces with affordability...

Sambandh Finserve receives $2.5 million capital infusion from BOPA

Base of Pyramid Asia (BOPA) is a Singapore-based holding company that invest equity in smaller and early-stage Microfinance Institutions in Asia. Sambandh Finserve Pvt Ltd...

Vebbler raises $500,000 pre-series A fund

Homegrown Bengaluru-based photo-sharing app Vebbler has raised pre-series A round of funding through a consortium of angel investors. Investors include Ambiga Subramanian ex-CEO Mu Sigma,...

“Flows into equity funds remain strong through the year. Despite markets being volatile since the start of 2018, investors are taking a long term view in equities. SIPs continue to be strong contributor with the monthly SIP numbers currently standing at ~7300 crore. We expect this trend to continue going forward as investors are starting to acknowledge the long term wealth creation potential of equities.” –
         Kaustubh Belapurkar, Director Manager Research, Morningstar on AMFI’s June Data on Mutual Funds


“The Department of Industrial Policy and Promotion (DIPP) is considering a new policy for e-commerce in the country, which is supposed to include issues relating to FDI. We believe that the policy for regulating marketplaces issued via Press Note 3, by the then Commerce Minister and Secretary of DIPP Shri Amitabh Kant was well-drafted and only needed implementation to ensure level-playing field. Retail is about multi-channel and the laws that apply to one channel should be the same for the other channels. Business to Consumer (B2C) is retail, irrespective of the channel—online, offline, direct selling or TV—it is conducted on.The Press Note 3 was created on the basis of an RAI submission, however RAI was not invited to deliberate on the new e-commerce policy, the reasons for which are not available to us. Government needs to ensure adherence to existing regulations rather than keep tinkering with the policy, unless it intends to further divide retail by channels and compound the confusion in the FDI policy for retail in the country.” –
         Kumar Rajagopalan, CEO, Retailers Association of India on new e-commerce policy


“Markets have hit an all time high after remaining rangebound and volatile for quite some time. The rally can be attributed to an expectation of a robust growth in earnings during the ongoing result season.”-
          Nitasha Shankar, Sr. Vice President and Head of Research at YES Securities (I) Ltd.


“Dock-less scooter sharing service for point to point connectivity is the way forward for this industry. ONN Bikes launched the hourly rental model which became an instant hit with the metro population where people started using the service as an alternate to cab transport for one way commute. This is the perfect precedence for the launch of one way rentals and dock-less rental service”-
         Namit Jain, Founder, ONN Bikes


“Traditionally a lean period, monsoons have become the most awaited travel time of year in India over the years. Travellers who wish to avoid peak summer holiday season and enjoy the lucrative off-season deals often prefer to travel during monsoons. At Travel Tours, we have observed rising interest in queries for destinations such Goa, Kerala, Andaman, Darjeeling, Mysore, Ooty, Kodaikanal and more. The locales offer refreshing mid-year breaks into the lap of nature and truly enhance the flavour of monsoon. This year we have seen a steady uptake of 28% in monsoon bookings over last year. Additionally, the rise in bookings can be appropriately attributed to various promotional deals offered by airlines.”-
         Rakshit Desai, Managing Director of FCM Travel Solutions – Indian Subsidiary of Flight Centre Travel Group, Australia


“Government of India’s initiative to push affordable housing under PMAY has now reached its desired potential with the recent announcement by MoUD to increase the prescribed carpet area for MIG under CLSS. The carpet area definition of MIG as a category is relatively broader than the earlier eligible CLSS criteria and buyers who were buying flats or constructing houses, with carpet areas over 120 sq m or 150 sq m were not being able to avail benefits under the scheme. In general, the overall market performance and buyers sentiments has just started to return to levels seen pre- demonitization and other policy level interventions in the past 2 years. MoUD’s initiative to increase the carpet area for MIG category coupled up with RBI’s recent move to increase the loan limit will generate positive momentum and surely work in favour of the industry players and in the best of interest of the home buyers.”-
         Rakesh Reddy, Director of Aparna Constructions


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