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Brick & Mortar retail is one of the biggest contributors to India's GDP as it comprises nearly 92% of total retail trade in the country which is worth $660 billion. However, this sector is under constant threat because consumers are preferring online shopping due to the convenience offered by e-commerce websites.
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IDAP Global Introduces the First Complete Derivatives Ecosystem for Crypto Assets Following the widespread approbation of their white paper on ICO for its candor, depth and transparency and on the development of the platform itself, IDAP Global is now gearing up to introduce the first complete Derivatives Ecosystem for Crypto Assets.
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Ozone Enterprise Group, an Everstone Capital PE equity funded leading player in the Architectural Hardware industry has announced an investment of over Rs. 100 Cr in the next 2 years on diversification into the fast growing Security & surveillance and IoT (Internet of things) industry
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More than Half of Indians Living Blended 'Hybrid Lives' - "Live Life" Survey by American Express Referring to the survey findings, Manoj Adlakha, CEO, American Express Banking Corp., India said, “As a global business with an India presence spanning more than 90 years, we’ve witnessed the transformation in the lives of our customers. The Live Life survey highlights the shift from work life balance to work life integration. Our respondents have shared rich insights on their changing outlook and ex
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The new facility is part of the company’s initiative to expand its business horizon in the western part of the country. According to the management of Apaar Packaging, this initiative would also help the company to complement its services with the existing clientele, who have recently expanded their business in Gujarat.
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Halonix Technologies Pvt. Ltd., one of the country’s most progressive and environment friendly lighting companies is all set to launch a wide range of Smart Lighting products. The company also plans to break into newer markets and achieve over 20-22% YoY growth rate with an aim to realize INR 10 billion revenue in next five years, said Mr. Rakesh Zutshi, Managing Director, Halonix Technologies Limited.
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Abhay V. Udeshi Appointed as International Castor Oil Association President Abhay V. Udeshi Director at Jayant Agro Group, manufacturer of castor oil has been selected by International Castor Oil Association (ICOA) for the position of its President. He will be succeeding Marjorie Klayman. The announcement was made in the recently held Annual General Meet in Stockholm, Sweden.
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PHDCCI Delegation Visits Nepal to Activate India-Nepal To deepen the footprint of PHD Chamber of Commerce and Industry (PHDCCI), a delegation visited Nepal on June 12-14. The PHDCCI delegation was lead by Anil Khaitan, President – and among the other delegates were, Saurabh Sanyal, Secretary General; Ambassador K.V. Rajan, Convener - PHDCCI Ambassadors' Economic Forum & India-Nepal Centre.
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The Journey of Volty Iot Solutions which started in 2013 by Konark Chikupally CEO and founder had a smooth Sail and set a bench mark for its quality product.
Volty IoT Solutions is one of few companies in India and Sole in Andhra Pradesh and Telangana, that designs, develops and manufactures Smart GPS Tracker or Advanced Tracker devices on its own that includes even Customization.
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Migsun Group, the Leaders in Affordable Housing Launches Migsun Vilaasa at Greater Noida Migsun, one of India’s leading real estate companies, with approx. 6,40,692.85 sq.m. of delivered space in both real estate and construction contracting, launches its new project Migsun Vilaasa. Spread over 5 acres approximately, it offers a world class living experience in the industrial city of Greater Noida at a very affordable price starting at Rs. 15.99 Lakhs for 2 BHK and Rs. 25.99 Lakhs for 3 BHK. Loc
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Meet India's Top 3 DJs, Powered by Queen of Mashups: SOS Nitelife Queen of Mashups: 'SOS Nitelife', an Exclusive Platform for female Disc Jockeys is all set for a grand culmination on August 15. The Grand Finale of Global Female DJ Championship will be held on 15th August 2018 at JW Marriott, Sahar Mumbai.
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Importance of Strategic Partnerships to Build Health In an endeavour to encourage health innovations in India and Africa, a conclave was organised by the Public Health Foundation of India (PHFI), Amref Africa, the Institute of Development Studies, UK (IDS UK), Indian Institute of Public Health Gandhinagar in partnership with NITI Aayog. This event was hosted at the GE Healthcare Centre in Bengaluru. The conclave deliberated on ways to leverage the transformational potential of these innovations
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Risk Review Report on Indian Banking Sector by Alea Consulting Alea Consulting has come up with a risk review report on Indian Banking Sector. The Indian banking system emerged safe out of the credit crisis of 2008-09, however, the relief was short-lived as Indian banks are swamped by two major challenges - bank frauds and NPA crises leading to stressed balance-sheets at these banks.
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UN Global Compact Network India to Host 13th National Convention on 8th June, 2018 in Bengaluru Global Compact Network India (GCNI), a local Network of the United Nations Global Compact, New York is holding its annual flagship event 13th National Convention on the theme of ‘Sustainable Development Goals (SDGs): A Blueprint for Action’. It is scheduled for Friday, 8th June, 2018 at Hotel Shangri-La, Bengaluru.
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Max Life Insurance Records a Growth of 31% in the Value of New Business for FY18 Max Life Insurance Co. Ltd., a leading Indian life insurance company, recorded Individual adjusted first year premium of Rs. 3,215 crore achieving growth of 22% in the Financial Year 2017-18 (FY18). During this period the Gross Written Premium of the company grew by 16% to Rs. 12,501 crore, while the renewal premium recorded growth of 15% to Rs. 8,152 crore. The Company recorded shareholder profit (Post Tax) of Rs.
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Second Edition of SuperStartUps Awards to be Held in Delhi on 30th May SuperStartUps Asia, a platform to recognise the most loved start-ups in Asia, today announced its second edition of Awards to be held in the capital city on 30th May 2018 at India Habitat Centre. SuperStarUps Asia 2018 is a badge of honour to recognise excellence in the Asian start-up world.
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Samridhi Sambhav 2018 – HPM India The category sponsors of the “Delhi Daredevil” team, HPM India, recently celebrated their achievements of the year in a four day meet. This company, which is dedicated to the welfare of the farmers and agricultural processing, has all the good reasons to stay in an upbeat mood because of a 10 percent rise in the distribution network. Considering the fact that they are dealing with the remotest part of the Indian landscape and spreading the reach of technology in
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Birla Corporation Q4 Consolidated EBIDTA at Rs. 284 Crores Birla Corporation Limited, the flagship company of the M P Birla Group, announced today its financial results for the year ended 31 March 2018, as well as the consolidated results, including those of Reliance Cement Company Private Limited (RCCPL), wholly-owned material subsidiary of the Company.
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Smart Cities India 2018 Expo Opens Tomorrow; Vice President Extends his Greetings The 4th Smart Cities India 2018 expo, co-locating five major verticals that make up our smart city framework – Buildings, Solar, Smart Cities, Transport and Water, begins tomorrow at Pragati Maidan, New Delhi.
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Morepen Labs Reports Growth-filled Fourth Quarter to Close FY 2017-18 with a 25 Per cent Rise in its Net Profit Improved Home Diagnostics’ sales revenue, better Cost Control, Higher EBIDTA, higher Cash profit and lower Interest cost aids in strengthening bottom line further in yet another consecutive financial year.
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YourNest Venture Capital Launches Entrepreneur-in-Residence Program The time-bound program will nurture, mentor and provide portfolio startups with access to relevant, experienced entrepreneurs.YourNest Venture Capital has been acknowledged as the ‘Youngest VC Fund’ in India and featured in the Top 10 Ranking by Returns in Preqin’s Ranking of VC and PE funds across Sectors and Vintage.
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2-Day RBSM - India 2018 Beginning from 15th May in Mumbai The Meet is being organized by APEDA Ministry of Commerce and Industry Govt. of India in association with PHD Chamber of Commerce and Industry, with the objective to promote and give a fillip to exports of Indian mangos and other tropical fruits like Pomegranate, Pineapple, Banana and Jackfruits from the country and to develop new markets for promotion of these fruits and processed products.
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Anondita Healthcare Joins Hands with Maharashtra and Karnataka Government Anondita Healthcare, India’s leading manufacturer of condoms and surgical gloves, has recently signed significant contracts with Maharashtra and Karnataka governments for supplying surgical gloves and condoms in all the state-run hospitals. It has also been awarded contracts for supplying its products in Army Hospitals in Delhi, Rajasthan and Himachal Pradesh.
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Dubai Tourism Launches Dubai Pass to Experience the Best Attractions in Dubai Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is launching a new way for visitors to enjoy the city’s exciting range of attractions, experiences and tours. Announced at Arabian Travel Market (ATM), Dubai Pass, an all-inclusive pre-paid card, grants cash-free access to 33 key events and venues across Dubai, making it the perfect way for tourists to explore the city’s world-class destination propo
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Legal Tech Startup Wonder.Legal Launches in India Wonder.Legal, an online platform that allows its users to easily create legal documents on-the-fly, has today announced its launch in India after successfully penetrating various markets of the world. The online service will now allow Indians to create personalized high-quality legal documents in real-time for a fraction of the hundreds and thousands charged by Indian law firms.
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Tyre Safety under focus during Road Safety Week Being the only point of contact between a vehicle and the road, tyres play a pivotal role in road safety and deserve much better attention. During the campaign the motorists were sensitized about the critical difference that tyres make between a safe, fuel efficient and enjoyable ride or an unsafe, tiring and environmentally bad ones,” said Rajiv Budhraja, Director General ATMA.
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M P Birla Launches its Super-premium Cement Brand M P Birla Cement launched its new super-premium brand, Perfect Plus, simultaneously from its Maihar (Madhya Pradesh) and Chanderia (Rajasthan) plants. The superior technology product contains enhanced deflocculated ultra-fine particles of cement, with ‘Hyper Active Molecules’, which results in the formation of superior binding gel (C-S-H) that enhances the performance of concrete.
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Bajaj Finserv Slashes Personal Loan Interest Rate to 12.99% Bajaj Finserv, through its lending arm, Bajaj Finance Ltd. is offering personal loans at a special interest rate of 12.99% for a loan value of Rs. 10 lakhs and above. The applicants can avail loan amount of Rs. 5 lakhs and above at an interest rate of 13.49% and a loan amount of Rs. 10 lakhs
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Key Reforms to Boost Real Estate in the Year 2018 Blowing away all the negativities that the real estate sector had gathered over the last couple of years due to long extended policy paralysis situation, the year 2018 is expected to see the rise of real estate sector in the country and as the beginning of a new dawn for the industry with the implementation of major policies including enactment of Real Estate Regulations and Development Act (RERA), reaffirms Ms. Ishanee Sharma, Partner, V&K Law &
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HDFC ERGO Launches DIA, A New Artificial Intelligence Chatbot Serivice on Amazon Alexa HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, today announces the launch of its AI enabled Chatbot ‘DIA’ on Amazon’s cloud-based voice service, Alexa. The presence of ‘DIA’ on Alexa, aims to offer a 24/7 customer assistance with instant solutions to customer queries, thereby creating an enhanced customer service experience with HDFC ERGO.
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Auxilo Finserve Plans to Disburse Rs. 100 Cr. of Education Loan through its Pune Centre Inaugurating the centre, Mr. Neeraj Saxena, MD & CEO of Auxilo Finserve said, “We feel this centre will essentially support hundreds of valuable dreams of this city’s youth that can fulfill individual’s quest to grow and boost country’s innovation model. Pune is also considered as home to Defence institutions, and our endeavor is to contribute the best possible for the children of this brave community.”
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The reason as to why India can’t out perform China in manufacturing is NOT because of infrastructure, it’s NOT because of skilled labors, it’s NOT because of corruption, and it’s also NOT because of “superiority of the Chinese mentality”.
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Udyog Software Signs Partnership with Compuage for uBooks Udyog Software (India) Ltd., part of Adaequare Group and a leader in Tax Technology and Compliance Automation has tied up with Compuage Infocom Ltd., India’s leading IT and Mobility Distribution Company as its partner in India. With this tie-up, the company is looking at strengthening and reaching out to SMEs & Mid-size market across India. Udyog Software’s new launch
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Axalta Inaugurates New Coating Manufacturing Facility in India Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India. Approximately 70 guests, including local government officials, customers, university representatives, media, and employees attended the opening ceremony, which Axalta Chairman and CEO Charlie Shaver presided.
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NBCC Set to Enter New Growth Phase After CMD A.K. Mittal’s Tenure Extended The Appointments Committee of the Union Cabinet has extended the tenure of Dr. Anoop Kumar Mittal, Chairman and Managing Director of NBCC (India) Limited in recognition of his invaluable contribution and pioneering work towards creating a world-class organisation.
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OLX Launches Webwise, an Initiative to Promote Online Safety OLX, India’s leading online classifieds, launches its consumer safety initiative, OLX Webwise. The initiative aims to raise awareness among users about measures to keep oneself safe while transacting online. Under Webwise, OLX will be promoting online safety through its initiatives which includes, Product updates, User safety guidelines, Awareness programs with Law Enforcement Authorities and Customer support.
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With Launch of New “Stackable Credential” Pilot Program, CAIA Association Introduces another Alternative Investment Industry First The Chartered Alternative Investment Analyst (CAIA) Association, a global leader in alternative investment education and the first to offer a credential focused on the space, today announced the launch of a new pilot program that will allow a small number of qualified candidates to
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JSPL Closes the QIP, to Raise Rs. 1,200 Crore Jindal Steel and Power Limited (JSPL) today closed the Qualified Institutions Placement (QIP) issue launched three days ago on March 20th 2018. The company will raise Rs. 1,200 crore through the QIP. The board of JSPL approved the issuance of shares at Rs. 233 per share, which was Rs. 5.85 above the floor price. The order book was oversubscribed with significant interest coming from domestic and foreign long term investors.
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Peps Industries Pvt. Ltd., India’s top-selling spring mattress manufacturing company celebrated Peps Wake Up Day at Cubbon Park, Bengaluru over the weekend. The event saw a participation of around 1000 people across all age groups.
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Nuvoco CFO Wins CFO100 Roll of Honour Award The CFO of Nuvoco Vistas Corp. Ltd. (formerly Lafarge India Limited), one of the leading building materials manufacturers in the country, Mr. Maneesh Agrawal has been felicitated with the ‘CFO100 2018’ Roll of Honour award in the category of Collaboration by CFO India. Mr. Agrawal was awarded for his role in supporting business and functional teams to achieve targeted goals; thereby creating shareholders value.
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Indian Industry Comes Together to Launch ‘AARC’, A First of its Kind Recycling Initiative Leading corporations are co-founding members of this initiative – CavinKare, Dabur India, Diageo India, Halewood Laboratories, John Distilleries, Karnataka Milk Federation, Parag Milk, Radico Khaitan and Schreiber Dynamix Dairies; with many more expected to join The alliance envisions to transform the recycling landscape by pooling resources to build an efficient waste management ecosystem
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Pearl Academy Celebrates 25 Years of its Legacy with ‘Influence’ at AIFW ‘18 which completes 25 years in the industry this year, celebrated its legacy with ‘Influence’ – a show by 17 alumni of the institution, at AIFW ’18. Continuing the association with Fashion Design Council of India (FDCI) through Amazon India Fashion Week, Pearl Academy organized ‘Influence’ to bring together some of the biggest names in the industry for one show that celebrated the legacy of the institution.
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The year 2016 saw India’s largest poker site, Adda52.com, launching Player of the Year (POY) for the first time in Indian poker circuit. Replicating the success, the poker site brings back POY 2017. The players can take advantage of the POY Booster Series running from 19th Jan - 29th Jan
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XL Catlin today announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic activity is increasing and the re/insurance market would benefit from its global expertise.