Melbourne [Australia], Jan.21 : Ace Indian tennis star Sania Mirza and her Croatian partner Ivan Dodig kicked off their Australian Open campaign with straight sets victory in their mixed doubles opening clash here at the Melbourne Park on Saturday.
The Indo-Croatian pair produced a resilient performance throughout the match to record a comfortable 7-5, 6-4 triumph over German-Croatian team of Laura Siegemund and Mate Pavic in the opening-round clash that lasted one hour and 25 minutes.
Mirza and Dodig will now lock horns with the winners of another mixed doubles clash between Chinese-Austria team of Saisai Zheng and Alexander Peya and the Australian duo of Sally Peers and John Peers.
New Delhi [India], Jan. 21 : Jaguar Land Rover India on Friday announced the opening of a world-class facility in the city of Noida, Uttar Pradesh, thereby expanding its network in Delhi NCR.
The state-of-the-art 3S facility (Sales, Service and Spare parts) was inaugurated by Rohit Suri, President and Managing Director, Jaguar Land Rover India Ltd (JLRIL) and Amit Garg, Director, Shiva Group marking the launch of a second retailer in Delhi NCR.
This dealership facility is designed and equipped to provide the highest quality of sales and after-sales services. The facility boasts of a display space for 18 cars enabling Jaguar Land Rover to showcase almost its entire range.
New Delhi [India], Jan. 21 : mjunction services limited, a B2B e-commerce company, successfully conducted on Friday an e-auction for commercial papers (CPs) worth Rs. 700 crore for Steel Authority of India Limited (SAIL).
This was a significant step for SAIL towards adopting a business practice that is completely technology-driven, and thus a step forward in the government's Digital India programme.
SAIL said, "For SAIL, this e-auction conducted by mjunction of commercial papers has led to better price discovery. The process was structured, less time consuming, has a scope for greater participation and above all transparent."
New Delhi [India], Jan. 21 : India participated in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting held in Paris on January 16 and 17, 2017 where 30 revenue authorities shared their findings on investigations arising from the Panama Papers including the role of tax intermediaries such as financial institutions, advisors etc., which facilitate tax evasion.
The meeting included sharing of best practices and information between participating member countries based on legal instruments under the tax treaties and OECD and Council of Europe Multilateral Convention.
The sharing of this information within a group of this size is unique and sets the basis for greater cooperation amongst tax administrations.
New Delhi [India], Jan. 21 : The Further Fund Offer (FFO) of the Central Public Sector Enterprises (CPSE) Exchange Trade Fund (ETF) has got an overwhelming response as the issue got over-subscribed by wide margin.
The FFO, which was launched on Janury 17, 2017, got bids of approximately Rs. 12,000 crore (US$ 1.7 billion) and received applications from over two lakh investors across 300 cities.
This was the largest disinvestment program undertaken by the Government of India using ETF and largest fund offering by any Mutual Fund in India till date.
New Delhi [India], Jan 20 : Reserve Bank of India (RBI) Governor Urjit Patel on Friday told the Public Accounts Committee (PAC) that the cash crunch in the country post the November 8 demonetisation drive will normalise with the passage of time.
Sources said the central banking institution also informed the PAC that specific agencies like Financial Intelligence Unit and Income Tax Dept are looking into abnormal deposits.
Explaining demonetisation to the PAC members, the RBI Governor informed them about the efforts being made to normalise the situation of cash crunch in rural areas. He also threw light on the efforts being made to normalise the situation in urban areas.
Bengaluru [India], Jan. 20 : Tapzo, India's first all-in-one app, has integrated Swiggy, Freshmenu and Faasos, to enhance the value and convenience it provides to its users and become the go-to destination for food ordering. Tapzo had earlier partnered with Zomato in March 2016.
Tapzo is now the only app in India that provides the option of ordering from multiple food delivery companies i.e. Zomato, Swiggy, Freshmenu and Faasos on a single platform.
New Delhi [India], Jan. 20 : F-Secure, a European cyber security company, on Friday revealed that post demonisation, India is expected to be a key target in point-of-sales (POS) and banking malware, especially mobile wallets in 2017. The latest report titled 'Threat Landscape India 2016 and Beyond' further highlighted that Android-based smartphones are facing the maximum number of cyber-attacks, post the demonetisation drive.
The rise in the number of smartphone-based cyber-attacks burgeoned post the Government initiative announced in November last year.
More than 3.81 lakh consumers and 21,000 merchants win prizes worth Rs. 60.90 crore at Digi-dhan MelasSubmitted by Ashok Rawat on Fri, 01/20/2017 - 18:32
New Delhi [India], Jan. 20 : The Government's efforts to give a boost to the digital payment systems and the cashless economy, post-demonetisation have generated enthusiastic response from the people. People from different age groups, occupations and different walks of life have taken part in a big way in the Lucky Graahak Yojana and Digi-dhan Vyaapaar Yojana giving a fillip to digital transactions.
Startup Investors propose seminal changes in tax and regulatory regime to enable Prime Minister's Startup Action Plan in high gearSubmitted by Ashok Rawat on Fri, 01/20/2017 - 18:29
Mumbai [India], Jan. 20 : Industry advocates- Indian Angel Network (IAN), NASSCOM, TiE, Mumbai Angels and IVCA with Nishith Desai Associates have come together to propose tax changes for a more impactful Start up India Program, higher growth startups, increased job creation and increased contribution to the tax coffers.
The proposed changes could make a paradigm shift in India's entrepreneurial ecosystem.
Prime Minister Narendra Modi launched the Startup India programme in January last year as part of a campaign to create a conducive ecosystem for startups to boost job creation.
New Delhi [India], Jan 20 : In association with Dun and Bradstreet Sodexo started the New Year focusing on the changing landscape of Indian workplaces. Together both the companies have created the "HR Best Practices 2017" publication, inviting eminent CXOs and HR leaders to share transformational practices adopted by the corporate to cater to the evolving interests of the individuals and matching them with the long term business goals of the organizations.
The book was launched at an event in Mumbai and serves as a ready reckoner for HR Best Practices which is applicable across India Inc. The hands-on tips to embrace the change in the industry, propels business houses to revisit their existing policies and adopt new, innovative tools in human resource management.
New Delhi [India], Jan 20 : Electronic commerce company Flipkart continues to retain its apex position as India's most trusted e-commerce brand, in a nationwide consumer study titled the 'The Indian E-tailing Leadership Index', conducted by research firm Red Seer Consulting.
According the study, Flipkart, for the fourth time in a row, is ranked overall number one in the study, scoring the highest among all e-commerce platforms in India in areas like product selection, customer support, ease of return, refund and reverse pick up speed.
The e-commerce giant was also the fastest in terms of order fulfillment and delivery as seen in the latest Red Seer Delivery Performance Report.
New Delhi [India], Jan 20 : PinCarts, a Mumbai-based startup will soon be launching its proximity-based discovery and targeting platform to create a compelling shopping experience for consumers at shopping malls and physical stores in India. This unique one-of-a-kind mobile platform will be focused on providing the smart retailing experience for shoppers from both the worlds, online and offline, starting with virtual catalog discovery to engaging them with location-based personalized targeting in real-time and indoor navigation to post-purchase retargeting and analytics.
Mumbai [India], Jan.20 : The Senior Executive Leadership Program-India (SELPI), by Harvard Business School (HBS) Executive Education is slated to begin August 2017 through a series of modules offered in Boston and Mumbai.
The program offers modules for senior executives that will help them enhance their leadership skills, prepare and design competitive strategies that deliver real value in global context, promote continuous innovation, and build accountable, high-performance organizations.
New Delhi [India], Jan.20 : FreeCharge, India's leading digital payments platform, today announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.
With the launch of the facility, users can seamlessly invest in a Money Market Mutual Fund that targets higher returns than those available on savings bank accounts. FreeCharge, known for its 10-second payments, is offering instant redemption of mutual funds at the click of a button. The entire process from investing to redemption is paperless - all the customer needs is his PAN or Adhaar card number. Customers also benefit from zero transaction charges and zero charges at redemption.
Investments from Rs 100 onwards
Cotton on MCX settled up by 0.7% at 20160 tracking firmness in spot demand and lower arrivals in local mandis. Total of 12.45 million bales have arrived until Jan 17 during the 2016-17 marketing season, this is 7.1% below the arrivals in the same period last year, the data published by Cotton Corporation of India (CCI) said. Meanwhile, The National Tariff Commission (NTC) of Pakistan has imposed variable counter regulatory duty on import of fine yarn from India, which was previously subsidised. In the 2016-17 cotton marketing year, US cotton exports are likely to increase by 35 per cent. US market share of world cotton trade is forecast to increase as exports have increased 66 per cent year on year in the first five months of the current marketing year.
Cardamom on MCX settled up by 0.14% at 1557.5 due to tight stocks amid sustained demand from exporters. Cardamom prices are expected to trade higher during the coming week tracking expected fall in arrivals and concern over standing crop. Exporters continued to buy cardamom from the markets hoping to get fresh orders due to India's competitive prices in global markets amid lower supplies from Guatemala-the other producer. Supply scenario is expected to improve this week. But, the main problem persistently affecting the trade is that only a third of the participants is still active at the auctions and in the open market trading. Harvesting trend is any indication, the total output during the current season might come to around 40 per cent of the previous crop.
Maize on NCDEX settled up by 0.21% at 1446 amid firmness in spot demand and overseas prices. In India, maize has been sown in around 14.72 lakh hectares which is higher than 13.46 lakh hectare covered during corresponding period last year. In Maharashtra, it has been sown in around 2.41 lakh hectares which are higher than 2.10 lakh hectare covered during corresponding period last year. In Bihar also, it has been sown in around 4.47 lakh hectares which is higher than 4.36 lakh hectare covered during corresponding period last year. The area under the rabi maize crop across the country was at 1.01 mln ha up 6.4% from a year ago, according to data released by the farm ministry. A year ago, farmers had sown maize across 953,600 ha.
Jeera on NCDEX settled down by -0.29% at 17485 on reports of good climatic conditions and hopes of higher yield in the season crop. Pressure also seen amid expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year. India's jeera exports are likely to rise 30% to 88,000 ton during Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations. Sowing has been good so far and weather conditions are also favorable for jeera crop. As all is going well as exporters are not buying in large quantities but are waiting for the new crop.
Turmeric on NCDEX settled up by 0.74% at 6852 supported by surging domestic as well as exports demand in the spot market. However upside was limited on reports of higher output and scattered commencement of crop supplies in the producing centres of Erode, Nizamabad, Duggirala and other places. In Sangli (Maharashtra), new Turmeric crop coming to the market with small quantity around 450 bags (1 bag = 70kgs), for new crop price quoted in a range of Rs.6800 - Rs.8000/qtl depends on quality and variety. Turmeric crop reported well in Maharashtra state expected better production compared to last year.