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    Business Wire India

    Visa (NYSE:V), the Official Payment Service Partner of FIFA, announced that football fans attending the FIFA Confederations Cup 2017 will have a front row seat to enhanced payment experiences at official FIFA stadiums. Visa is implementing 1,600 point-of-sale terminals and deploying 120 mobile concessionaires throughout the stadium concourses, enabling a cash-free experience from kick-off to the final match. These enhancements ensure official FIFA stadiums are equipped with the latest in payment innovation, giving fans safe and secure ways to pay – whether it is a click, dip, tap or swipe.

     

    Understanding football fans want to focus on the quality of play on the pitch, Visa is offering multiple ways to pay that will save fans even more time and give them the opportunity to get back to their seats to catch that dreaded missed goal, corner kick or red card:

     
    • Visa commemorative prepaid cards, which can be reloaded at contactless Alfa-Bank ATMs throughout the stadiums
    • Visa contactless credit or debit cards
    • Mobile payments with Visa at NFC-enabled terminals


    As a global leader in payment innovation, Visa is also collaborating with Russia-based Alfa-Bank, the Official European Bank of the FIFA Confederations Cup 2017, to introduce a Visa NFC-enabled Alfa-Bank payment band, which is available for 1,000 Russian Ruble (approximately $18 USD) at Visa customer service booths throughout stadiums and reloadable using fan’s personal credit or debit cards. Select Visa and Alfa-Bank guests will also be able to use a payment ring for the first time at a FIFA event. The payment ring, attached to a prepaid card, features an embedded NFC-enabled antenna, enabling fans to tap to pay throughout Russia, anywhere contactless payments are accepted.

     

    “As the Official Payment Service Partner of the FIFA Confederations Cup 2017, we are thrilled to bring fans some of the most innovative payment experiences from around the world, enabling them to go cashless at the tournament,” said Ekaterina Petelina, country manager, Visa Russia. “We understand that fans are there for the action on the field and that they value a simple payment experience that gets them back to their seats quickly so they can focus on the match.”

     

    As the Official Payment Service Partner of the FIFA Confederation Cup 2017, Visa will be celebrating the spirit of football in Russia and is looking forward to showcasing the future of digital payments with fans from all over the globe. For additional information on Visa’s sponsorship of the FIFA Confederations Cup 2017, visit www.visa.com.

     

    About Visa Inc.

     

    Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

     

     

     

     

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    Business Wire India

    Andersen Tax announces its debut in Luxembourg this week with Andersen Global member firm, Alegis, assuming the Andersen name. A member firm since 2014, Alegis also has offices in Dusseldorf and Merzig, Germany, both of which will transition to the Andersen name later in the year.

     

    “We are enthusiastic about adopting the Andersen name and we recognize that this is beneficial to both our clients and our people,” commented Alessio Rossi, Office Managing Director of Andersen Tax in Luxembourg. “We will transition to the Andersen name incrementally, first in Luxembourg and later in Germany. Our goal is to be a standard for quality and I am excited to take this step to further integrate our firm and strengthen our capabilities globally.”

     

    As Andersen Tax, the firm will continue to offer superior tax consulting and legal advice to both corporate and individual clients internationally and within Europe. Andersen Tax in Luxembourg provides services in all areas, including tax planning, tax structuring, mergers and acquisitions, liquidations, and restructuring.

     

    Andersen Tax CEO, Mark Vorsatz, added, “The cultural fit of each and every one of our member firms is critical. Alessio and his team continue to demonstrate their commitment to best-in-class service, stewardship, and transparency and their adoption of the Andersen name is consistent with that commitment.”

     

    Andersen Tax has a presence in more than 64 locations worldwide through the member firms and collaborating firms of Andersen Global. Andersen Global is an international association of member firms with over 2,000 professionals worldwide.

     

     

     

     

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    Business Wire India

    Azure Power | New York Stock Exchange
    Azure Power | New York Stock Exchange

    Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform.

    Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 100 MWs of high quality, operating and committed solar assets across 14 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power customers include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways and a Delhi water utility company.

    Speaking on this occasion, Inderpreet Wadhwa, Chairman, and Chief Executive Officer, Azure Power said, “We are pleased to announce our partnership with SBI and World Bank which will enable us lower the energy bills of our customers by providing clean and sustainable solar energy. We are excited to expand our Azure Roof Power platform in India with the support of SBI and World Bank.”

    Under the SBI-World Bank: Grid Connected Rooftop Solar PV Program, the World Bank and the International Bank for Reconstruction and Development (IBRD) approved a line of credit of $625 million to support the Government of India’s goal to expand rooftop solar to 40,000 MWs. About Azure Power

    Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 18 states. With over 100 MWs of high quality, operating and committed solar assets, the company has one of the largest rooftop portfolios in the country. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

    For more information, visit: www.azurepower.com.

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    Business Wire India

    Wells Fargo India Solutions announced that nearly INR 42,00,000 was raised during its annual Fundraising Week, held May 8 - 12, 2017. The funds raised will be used to support various causes, from facility upgrades in schools, to health programs and environmental awareness efforts. Fundraising activities were led by team members through the sale of homemade or pre-loved items, and by organizing entertainment activities that allowed Wells Fargo team members to donate cash for chosen beneficiaries.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170615006319/en/

     
    Wells Fargo team members in Bengaluru India raises funds during Fundraising Week for a social cause  ...

    Wells Fargo team members in Bengaluru India raises funds during Fundraising Week for a social cause (Photo: Business Wire)

    Proceeds from this year’s Fundraising Week will be used for various outreach activities through our partner non-governmental organizations (NGOs) in areas such as sanitation, drinking water, initiatives for ensuring the safety and security of school students, and school facility improvement in sports equipment, libraries, and computer labs. A few of the organizations that will benefit from the funds raised by Wells Fargo team members include Swanthana, an organization that supports people with disabilities; Diya Foundation, a home for physically and mentally challenged girls; PSS Trust, supporting higher education of students; Snehadaan, home for children affected by HIV; and Akshaya Patra Kitchen, which will be using the funds for building a bio-gas plant to support its school lunch program.

     

    Wells Fargo has a long-term association with these institutions, working in tandem with partner NGOs.

     

    “We have a robust annual calendar of community support programs and volunteer activities,” said Prakriti Panwar, head of Corporate Sustainability for Wells Fargo. “What makes Fundraising Week unique is the fact that it gets our team members involved in supporting social causes in a fun way.”

     

    Fundraising Week is an important part of Wells Fargo’s commitment to volunteerism. It has evolved over the years, becoming an ever more popular event with a fun atmosphere. This year, team members set up stalls for food, handmade jewelry, art work, fun games, a photo booth, and pre-loved books, among other things.

     

    “Driven by the spirit to give to causes close to our hearts, our team members come up with very creative ways of generating funds. Aside from making an impact on the communities we live in, the week-long event also strengthens the commitment of our team members to give back to the community,” Panwar added.

     

    Proceeds from the previous year’s Fundraising Week, amounting to INR 33,43,000, were given to partner organizations to be used for activities that included setting up a bio-gas plant at Akshayapatra Kitchen, funding higher education of students at PSS Trust, supporting a skill training center for students affected by HIV, provisioning sanitation for a government school in Gori Palya, and contributing to organizations such as Swanthana and Aditya Mehta Foundation that support people with disabilities. Globally, Wells Fargo team members volunteered close to 1.8 million hours of service in 2016, and the company has organized Wells Fargo Volunteer Chapters in 10 countries around the world.

     

    Corporate Social Responsibility (CSR) at Wells Fargo

     

    Wells Fargo has established a new five-year strategy and commitment focused on three priority areas: diversity and social inclusion, economic empowerment, and environmental sustainability. These areas form the foundation of our CSR strategy, and are brought to life through our initiatives. We want all our team members to be community leaders. We need team members, regardless of rank or title, to be our eyes and ears, to help us identify and decide how Wells Fargo should respond to community needs. Our team members pledge their time and money to teach, build schools, work on environmental projects, raise funds and serve in nonprofit organizations. The work is driven by the objective of genuine social impact brought about by contributing monetary resources and time in the form of team member volunteerism.

     

    About Wells Fargo Enterprise Global Services (EGS) - India

     

    Wells Fargo Enterprise Global Services (EGS) is a critical component of Wells Fargo’s (Wells Fargo Bank, N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS - India (Wells Fargo India Solutions Private Limited and Wells Fargo International Services Private Limited) is primarily an extension of the technology, operations, knowledge services, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have more than 9500 team members across their offices in Hyderabad, Bengaluru, and Chennai.

     

    About Wells Fargo

     

    Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170615006319/en/

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    Business Wire India

    Murex, a global leader in trading, risk management and processing solutions, is pleased to announce it has been awarded “Financial Markets Technology Implementation of the Year – Best Integrated Treasury and Capital Markets Platform Implementation” during the Asian Banker Financial Market Awards.

     

    Murex’s MX.3 platform is a cross-asset, multi-function, open platform that recently replaced five systems at Hong-Kong based China CITIC Bank International (CNCBI), giving CNCBI a consolidated view across FX cash, Money Markets, Fixed Income, FX and IR derivatives for managing trading, market risk, credit risk (including PFE, CVA and SA-CCR), operations and finance.

     

    MX.3 delivered immediate tangible benefits at CNCBI. The solution has improved performance in various departments including treasury and markets, market risk and liquidity management, credit risk, operations and finance; enabled revenue growth initiatives such as product distribution workflows between traders, sales and private banking teams; and prepared CNCBI for the rapid rollout of new technology required to meet evolving regulatory requirements.

     

    Commenting on the project, Michael Leung, Chief Information and Operations Officer at CNCBI, said “As part of an ambitious technology roadmap, the implementation of Murex’s MX.3 aimed at streamlining the bank’s Treasury and Markets platform, making it future-proof. The platform enables the bank to tap into new business areas, while helping the bank to meet current and future regulatory compliance needs in a timely and cost-effective way.”

     

    Patrice Meunier, Head of Murex Hong Kong adds “We are proud to be recognized for the solution implemented with CNCBI. The project was extremely successful thanks to the strong involvement and commitment of CNCBI teams and management. We look forward to providing the technology platform that supports CNCBI in achieving its business objectives and responding to regulatory requirements in the future.”

     

    About Murex (www.murex.com)

     

    For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its MX.3 platform supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control costs. With more than 45,000 daily users in 65 countries, Murex has clients in many sectors, from banking and asset management to energy and commodities.

     

    Murex is an independent company with 2,000 employees across 17 countries. Murex is committed to providing cutting-edge technology, superior customer service, and product innovation.

     

     

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    Business Wire India

    Shri Elias George, MD,KMRL, Shri Venkaiah Naidu, Union Minister (Urban Development )and Smt. Shikha Sharma, MD & CEO, Axis Bank (L-R) at the launch.
    Shri Elias George, MD,KMRL, Shri Venkaiah Naidu, Union Minister (Urban Development )and Smt. Shikha Sharma, MD & CEO, Axis Bank (L-R) at the launch.

    • KMRL Axis Bank ‘Kochi1’ Card to allow cashless commuting along with an enhanced shopping experience
    • Kochi1 mobile app also launched to enable commuters to manage their card and generate QR code tickets for travel.
    • Initiative in line with the Ministry of Urban Development’s vision to address the need of a common mobility card
    Axis Bank, India’s third largest private sector bank in association with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank ‘Kochi1’ Card, India’s first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi. Axis Bank has partnered with National Payments Corporation of India (NPCI) in developing this transit EMV contactless specification on interoperable open standards.

    The prepaid card has integrated benefits and offers a plethora of services to commuters such as:
    • Shopping experience at merchant outlets: No hassle of carrying multiple cards. 
    • Instant issuance of Personalized Cards: The commuter will receive a completely personalized (with name) KMRL Axis Bank ‘Kochi1’ Card across the counter in a matter of minutes.
    • Convenience of recharge: The commuter can easily top up the card through cash or debit or credit card.
    Additionally, the bank has also launched a mobile app which can be used by commuters to manage their card and also to get QR tickets on the go for travel in the metro. Commuters using the Kochi1 app can also:
    • Check the current balance on the card
    • Reload their metro card through any debit/credit card
    • Generate mini statement w.r.t. card usage
    • Block their card, if required
    • Check the timetable and fare details of the metro
    Commenting on the momentous occasion, Ms. Shikha Sharma, MD & CEO, Axis Bank said, “The KMRL Axis Bank ‘Kochi1’ Card marks a significant milestone in our efforts to further expand the use of electronic payments which are more efficient, secure and inclusive. We feel privileged about our association with Kochi Metro Rail Corporation (KMRL) and are hopeful that the product will provide commuters with a unique and seamless experience. Axis Bank has always been at the forefront of promoting a digitised economy and we are confident that the metro card will give commuters further encouragement as India makes rapid strides towards becoming a ‘less-cash’ economy.”

    The smart card will be issued and loaded at KMRL issuance counters; the card can also be re-charged online, through the Kochi 1 app or through the Ticket vending machines at the stations. The card will ensure exact debit of the ride fare while exiting from the metro station. Importantly, the initiative is in line with the Ministry of Urban Development’s vision to address the need of a common mobility card.

    Mr. Elias George, MD, KMRL said, “The partnership between KMRL and Axis Bank is one of the most innovative Public-Private Partnerships in the world and the Kochi-1 Card and App is much more than a travel instrument. We are confident that these products will be immensely popular; and this model will surely be emulated in other cities also.”
    About Axis Bank

    Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

    With its 3,304 domestic branches (including extension counters) and 14,163 ATMs across the country as on 31st March 2017, the network of Axis Bank spreads across 1,946 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

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    Business Wire India

    NewQuest Capital Partners (“NewQuest”), Asia’s leading secondary private equity firm, announces the opening of its Mumbai office, its third office in Asia. The opening further strengthens the firm’s presence in India and reinforces its long-term commitment to the Indian market. The Mumbai office opening follows the opening of NewQuest’s office in Beijing in August 2016.

     

    Darren Massara, Managing Partner of NewQuest said: “We are very pleased to announce the opening of our Mumbai office. India has been a core market for us since inception. Over the past two years, we have invested approximately US$200M in India and expect our investment pace to increase in the near-term. Having a team on the ground further enhances our network of relationships and brings us closer to our portfolio companies.”

     

    In conjunction with the office opening, NewQuest has made some additional hires bringing its total India team size to nine professionals. Among these hires is Sachin Khandelwal, who recently joined as a Director and head of Portfolio Management based in Mumbai. Sachin brings with him 15 years of operational and consulting experience, significantly boosting the NewQuest’s operational capabilities. Prior to NewQuest, Sachin was Senior Principal at Bain & Company based in Mumbai, where he focused on formulation of strategy, transformation of operations, marketing and sales plans, and profit improvement, with a particular focus on consumer sectors. Sachin has also previously spent five years at Hindustan Unilever, holding positions in both sales and marketing, such as Marketing Head of Infant Care products, and has also worked at Monitor Deloitte.

     

    Amit Gupta, Partner and Head of India/SE Asia for NewQuest said: “Sachin is a seasoned operational professional with hands-on experience working in a Fortune 500 company in both sales and marketing functions. In addition, he has worked with numerous CXOs and private equity firms as a trusted advisor.” Amit further added: “The new Mumbai office and recent team additions will help us to continue to provide liquidity solutions to GPs through direct purchases and LPs through fund restructurings. It will also allow us to become more deeply involved with our portfolio companies and to work closely with our GP partners in the region.”

     

    About NewQuest Capital Partners

     

    NewQuest is the leading secondary private equity platform focused on the Asia-Pacific region.

     

    We specialize in providing alternative liquidity solutions to private equity asset owners, such as financial institutions, corporations, family offices, hedge funds and private equity funds, on a direct and indirect basis. We acquire private equity positions directly through portfolio and single asset transactions and can also partner with incumbent managers to provide liquidity to limited partners. Our transactions are highly tailored in order to address particular objectives of sellers as well as the needs of the incumbent managers and underlying portfolio companies. Working with NewQuest provides a discreet solution, smooth transition, and continued value creation for all stakeholders.

     

    NewQuest was established in 2011 and has extensive experience in sourcing, executing, managing, and divesting private equity and special situation stakes across Asia. It currently manages three funds with capital commitments of over US$1.3 billion. For more information, please visit www.nqcap.com

     

     

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    Business Wire India

    Andersen Tax announces its entry in Switzerland this week as MDR Advisory Group formally adopts the name ‘Andersen Tax.’ Andersen Tax in Lugano is one of three Andersen Global member firms in Switzerland. The international association of member firms also has a presence in Zurich and Geneva.

     

    Paolo Mondia, Office Managing Director at Andersen Tax in Lugano said, “We have been working seamlessly with the member firms of Andersen Global since we joined in 2014. We are thrilled to continue this work which is made possible through our global commitment to clients and to providing best-in-class service and the most innovative solutions possible.”

     

    Andersen Tax in Lugano will continue to provide national, international and corporate tax work to individuals and businesses throughout Switzerland and worldwide. They specialize in direct and indirect tax, inheritance planning, company restructuring, internal compliance, HR management and corporate consultancy.

     

    Andrea De Vecchi, Andersen Tax & Legal Office Managing Director in Italy, added, “We have worked closely with the dedicated professionals at Andersen Tax in Lugano for some time now and look forward to this continued collaboration.”

     

    “The adoption of the Andersen name in Switzerland is a logical next step as we continue to strengthen our practice in Europe,” commented CEO of Andersen Tax, Mark Vorsatz. “Paolo and his team embrace our values of transparency and stewardship and their adoption of the Andersen name couldn’t be more appropriate.”

     

    Andersen Global has more than 2,000 professionals worldwide and a presence in 64 locations through its member firms and collaborating firms.

     

     

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    Business Wire India

    Mr. Lionel Charles, CEO of IndiaFilings.com
    Mr. Lionel Charles, CEO of IndiaFilings.com

    IndiaFilings, India’s largest online business services platform announced the launch of LEDGERS, a GST accounting software specially designed for SMEs today. IndiaFilings.com the business services platform receives over a million visitors each month. The company has a team of over 300 employees at 5 offices and presence across India through a network of over 6000 professionals at 180+ cities and town. With extensive experience in delivering business services through the cloud, the company plans to provide GST compliance services to over 1 lakh SMEs through the GST regime over the next year. GST, the largest tax reform in India’s history will bring millions of small businesses into the compliance net, increase taxpayer base and improve ease of doing business. It is estimated that over 1 crore businesses would be enrolled under GST in a few years.

    IndiaFilings started working on a GST solution for small businesses from the time the GST was announced. The company first launched a GST Portal on IndiaFilings.com to offer free training and educational material on GST to make Entrepreneurs, ready for GST regime in India. This was followed by offering of online services for GST registration and GST return filing to help Entrepreneurs complete their GST migration or GST registration formalities from the comfort of their home.

    Speaking at the launch event at Chennai, Mr. Lionel Charles, CEO of IndiaFilings.com said, “With the GST rollout on 1st July, 2017, IndiaFilings is excited to launch its cloud based GST solution for SMEs called LEDGERS. LEDGERS will be a cloud based solution that can be accessed from a variety of devices from desktop computer to tablets to mobile phones. We have experience working with tens of thousands of business clients in supporting all their compliance requirements. We are excited to build on our learnings and launch our cloud based GST platform. Our GST platform has been built on the clouds, is highly scalable and is backed by multiple servers to be fault tolerant. We have already educated and helped tens of thousands of Entrepreneurs with all their GST related queries. Now, we are excited and ready to handle over one lakh clients. By year-end, we expect to take our client base to over one lakh clients, across India.”

    LEDGERS is an online GST accounting software from IndiaFilings.com designed to help businesses maintain their tax and regulatory compliance. LEDGERS is designed keeping in mind the requirements of small and medium-sized businesses in India and is made GST Ready. Since, LEDGERS was developed from scratch after GST announcement, it uses the latest in technology and is built to be compatible with all GST rules, regulations and requirements.
     
    IndiaFilings has connected its GST accounting software to the Government GST Network and the software has features that allow business owners to easily obtain a GST registration or file monthly GST returns at the click of a button. Thus, the software will be able to download data of the taxpayer from the GST network, provide auto-reconciliation features and manage all aspects of GST compliance from a single dashboard in the software. To support new clients with all their GST requirements, the company has also created the physical infrastructure necessary for hiring and on boarding 200 more employees in the coming few months at various offices, taking the total team size to 500+ by end of year.About IndiaFilings

    IndiaFilings.com is India's largest online business services platform dedicated to helping people easily start and manage their business, at an affordable cost. IndiaFilings.com was started in October 2013 with the mission of making it easier for Entrepreneurs to start their business. IndiaFilings.com have since helped start and operate thousands of businesses by offering a range of business services.

    IndiaFilings is the leader in business incorporation services in India. They specialise in registering a wide range of business entities like Limited Liability Partnership, Private Limited Company, One Person Company, Limited Company, Nidhi Company, Trust, Society and Section 8 Company. IndiaFilings can help your business obtain various license and registrations. They specialise in obtaining intellectual property registrations, tax registrations like VAT registration, service tax registration, professional tax registration and licenses like FSSAI license, import export code and more. IndiaFilings helps businesses maintain the legal and regulatory compliance. For more information, please log on to http://www.indiafilings.com
     

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    Business Wire India

    • Mobile payments gaining traction; witnesses a significant increase in the usage of mobile wallets
    • Entertainment services experienced significantly higher pull this quarter
    • News and Media continues to be in the top 5 categories accessed in the quarter
    • The average time spent on smartphones daily is 37% higher than the time spent on TV
    The latest Smartphones Usage and Behaviour report from Kantar IMRB and MMA shows that time-spent on smartphones jumped by 16% in the period Jan-March 2017 over the previous quarter. Strong demand for messaging services, social media platforms, and entertainment apps helped to drive the expansion of mobile internet usage. The average time spent on smartphones daily is 37% higher than TV demonstrating that the engagement levels provided by smartphones remain unparalleled.
     
    KEY FINDINGS 
    1. Search, Social, Messaging
      • The category continues to witness strong demand for messaging services and social media platforms as average time spent on these platforms grew by 42%.
    2. Entertainment
      • A higher incidence of streaming (as compared to downloading) was evident by the fact that the 3 out of the top 5 entertainment properties were streaming services.
      • A combination of factors including low on-board storage, higher mobile data speeds, and lower data pricing, provided a fillip to entertainment-hungry youth who showed a clear preference for video streaming. However, audio appeared to be the entertainment format of choice for streamers over 25.
      • Regional content proves to be a big draw; YouTube added 11 local languages in light of strong demand for regional language content.
    3. Finance
      • India witnessed an upsurge in the usage of m-wallets as Paytm, MobiKwik, Freecharge, and PhonePe made up 4 out of the top 5 most accessed properties.
      • Average time spent on Paytm increased by 13% as compared to the previous quarter.
    4. News and Media
    • News aggregators like UC News, Google Newsstand, Dailyhunt were among the top properties accessed, indicating a growing preference to consume news from multiple sources on a single platform.
    • Consumers aged 25 years or more tend to be the primary users of News and Media, spending nearly 43% more time than average.
    Preeti Desai, Country Manager, Mobile Marketing Association India noted, “We are extremely happy that MMA along with KANTAR IMRB is leading the charge with quarterly studies on Smart Phone Usage and Behaviour as with radical shifts in consumer media consumption in India, it is vital that marketers get essential quantitative metrics from the industry on how to best optimize Mobile in the marketing mix. Mobile is clearly the third largest mass medium in terms of Ad spends in India today, with estimated spends in 2016 amounting to ₹ 4,200 Cr increasing to an estimated spends of ₹ 6643 Cr in 2017. With everything almost on demand, Indian engagement levels provided by smartphones are unparalleled – and few innovative marketers have deployed an integrated marketing strategy that strategically takes advantage of both TV and Mobile as mediums acknowledging the average time spent on smartphones daily is 37% higher than the time spent on TV. Whilst Mobile video in India has grown faster and bigger than expected, it pays to forecast and marketers should review mobile audio as a marketing medium since ‘Vernacular Audio is set to boom’, as it appeared to be the entertainment format for choice for streamers over 25.”
     
    Hemant Mehta, Managing Director, Media and Digital, Kantar IMRB, said, “Smartphone users continued to take advantage of the low-priced data offers to sate their appetite for entertainment-related content, specifically video. But what interested us the most is that we’re now beginning to see the result of government initiatives in driving literacy about digital payments. For the first time, we’re seeing the usage of mobile wallets among less affluent sections (SEC C/D/E), and this bodes well for a nation that can strongly benefit from bringing more people online.”
     
    The Smartphones Usage and Behaviour report from Kantar IMRB and MMA enables all members of the ecosystem to stay updated with consumer mobile trends and media consumption habits. Also, at the same time, it elaborates the role of mobile as an influencer in the consumer’s path-to-purchase. 
     
    You could also download the report from:
    http://www.mmaglobal.com/documents/kantar-imrb-mma-india-smartphone-usage-and-behaviour-report-overview-jan-mar-2017
     
    Editorial notes:
    1. Kantar IMRB and MMA Smartphone Usage and Behaviour Report Overview – India
    2. Infographics- Smartphone Usage and Time spent

    About the Mobile Marketing Association (MMA)
     
    The MMA is the world’s leading global non-profit trade mobile marketing association comprised of more than 800 member companies, from nearly fifty countries around the world. Our members hail from every faction of the mobile marketing ecosystem including brand marketers, agencies, mobile technology platforms, media companies, operators, and others. The MMA’s mission is to accelerate the transformation and innovation of marketing through mobile, driving business growth with closer and stronger consumer engagement. Anchoring the MMA’s mission are four core pillars; to cultivate inspiration by driving the innovation for the Chief Marketing Officer; to build the mobile marketing capabilities for the marketing organizations through fostering know how and confidence; to champion the effectiveness and impact of mobile through research providing tangible ROI measurement; and advocacy. Additionally, MMA industry-wide committees work collaboratively to develop and advocate global best practices and lead standards development.
     
    Mobile Marketing is broadly defined as including advertising, apps, messaging, mCommerce and CRM on all mobile devices including smartphones and tablets. Members include, American Express, AdChina, Colgate - Palmolive, Dunkin’ Brands, Facebook, Google, Group M, Hewlett Packard, Hilton Worldwide, Kellogg Co., L’Oréal, MasterCard, McDonalds, Microsoft, Mondelez International, Inc., Pandora Media, Procter and Gamble, The Coca-Cola Company, The Weather Company, Unilever, Visa, Vodafone, Walmart, Zenith Optimedia and many more.
     
    MMA India members include PepsiCo India, Hotstar, OLX, United Spirits Limited, Autumn Worldwide, Hungama Digital, GroupM, KANTAR IMRB, Kotak Group, Nielsen, Hindustan Unilever, Culture Machine, Google, Godrej Group, Facebook, Paytm, and Saavn.
     
    The MMA’s global headquarters are located in New York with regional operations in Europe/Middle East/Africa (EMEA), Latin American (LATAM) and Asia Pacific (APAC). For more information about the MMA please visit: www.mmaglobal.com
     
    About Kantar IMRB
     
    Kantar IMRB is a pioneer of market research services in Asia. It partners its clients across the entire brand life-cycle through a unique mix of innovation and analytical thinking to design customized solutions that deliver greatest impact. Kantar IMRB’s suite of solutions is designed on frugal, agile innovation and adds value, real value, to help clients make impactful decisions. By leveraging on its large array of syndicated services and specialist divisions, Kantar IMRB helps clients in crafting marketing and consumer strategies. Kantar IMRB has created products and frameworks for global clients using the expertise and knowledge of emerging markets. With a multidisciplinary and multi- cultural workforce, Kantar IMRB is at the forefront of research and consulting services.
     
    Kantar IMRB has been a leader in setting up industry measurements like India’s first TV rating system (TRPs), the first and only household panel in the country –Household purchases of FMCG’s (Kantar Worldpanel), the National Readership Survey (NRS), first IT (ITOPS) and Digital ( I Cube) studies, Online audiences (WAM) and Mobile usage (Mobi Track). Kantar IMRB also played an important role in the standardization of market research practices in India and was responsible for creating the Socio-Economic Classification (SEC) system in 1983 – a method now used across India to segment and define target audiences.
     
    An eight-time recipient of “Agency of the Year”, Kantar IMRB’s footprint extends to 49 offices across 67 countries. Visit: www.imrbint.com for more information.

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    Business Wire India

    G V Kumar - Founder, CEO & Managing Director - Megasoft Limited
    G V Kumar - Founder, CEO & Managing Director - Megasoft Limited

    XIUS, a division of Megasoft Limited, today announced signing of a new agreement with ADPAY Mobile Payment for integrating its advanced Mobile Services Platform (MSP) with the digital payment provider’s telecom service, AEROVOYCE.
     
    In today’s world, telecom plays a significant role in making life smarter and better. The complementary capabilities of VNOs can enable them to play a pivotal role in achieving the various digital initiatives of the Government of India. AEROVOYCE, which will operate on the VNO model, had formally launched its mobile services a month ago in a tie-up with state-owned Bharat Sanchar Nigam Limited (BSNL).
     
    The cloud-enabled XIUS MSP is designed and developed on a Network Function Virtualization (NFV) and Software Defined Network (SDN) framework. To fulfil AEROVOYCE’s technology and operational needs, XIUS will integrate its MSP with BSNL’s nationwide network. This will further allow VNOs signing up with BSNL even in future, to launch services using XIUS MSP, in a quick ‘plug-n-play’ model without having to worry about high capital expenditure.
     
    G V Kumar, CEO & Managing Director of XIUS said, “We are delighted to partner with AEROVOYCE and will work with them in delivering a broad spectrum of impactful services. The VNO route is a good option for companies to address customers that are underserved. XIUS has enabled millions of subscribers in the mobile operator services’ space and is well positioned to serve AEROVOYCE with their needs. Our global experience, high-end technology systems and end-to-end operational infrastructure will enable VNOs to build and commercialize innovative and attractive services to end users.”
     
    XIUS MSP is a comprehensive solution that is ‘Made in India’ with all components built in-house at the Global Delivery Centre in Hyderabad. The solution is proven across the world with deployments in Europe, USA, Latin America, South East Asia and Middle East. XIUS was instrumental in launching one of the oldest MVNOs, Boost Mobile, USA (now part of Sprint) 14 years ago. It is this versatile experience that makes XIUS the natural choice for large as well as medium sub-base VNOs.
     
    “ADPAY, the first national VNO of Indian Telecom will be spending INR 300 crore in three years on VNO PAN India rollout and plans to rope in at least few million subscribers in rural as well as tier-II and tier-III cities of the country,AEROVOYCE Founder and Chief Executive, Sivakumar Kuppusamy said. “A highly dependable technology offering and globally proven operational expertise were the key criteria considered while selecting XIUS. XIUS has deep expertise and several years of experience in deploying telecom and VNO solutions across the globe and this will definitely help AEROVOYCE to offer the best user experience to its subscribers,” he added.
     
    AEROVOYCE selecting XIUS as the preferred VNE partner comes at a time when XIUS was already making long-drawn plans for investments in its drive to support the Digital India initiative. Apart from offering their technology, XIUS has assembled a ‘One-Stop Shop’ team of companies that offer VNOs the best chance of success.
     
    As Virtual Network Operator (VNO), companies buy airtime and bandwidth in bulk from existing operators and then offer services under their brand. This model would offer consumers more choices for voice and data services and allows existing Telecom Service Providers (TSPs) additional options to monetize unused spectrumAbout XIUS
     
    XIUS, a division of MEGASOFT LTD, is a mobile technology specialist focused on real-time transaction processing in Mobile Infrastructure & Services and Mobile Banking & Payments. With Headquarters in the USA, XIUS brings together premium technology and outstanding value-added solutions for customers globally. Over 25 years of telecom expertise is proven by more than 230 deployments and customers that include Tier 1 mobile operators, MVNOs and large enterprises across 5 continents. Its strong belief in innovation reflects in the filing of 120 patents, with 35 awarded to date.
     
    XIUS is adept in meeting its client expectations and their needs. The varied portfolio of MVNOs to which it has provided solutions and offers services comprise of rural-inclusive, digital, cable, banking, ethnic, M2M, youth, roaming, advertisement-based, retail and loyalty.
     
    XIUS mobile infrastructure solutions process and manage in excess of 350 million calls a day and the mobile payments solutions manage over $US 1 billion worth of payment transactions monthly.

    To know more, please visit www.xius.com or www.megasoft.com.

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    Business Wire India

    While nearing to retirement or retired already, one should think of investing a part of their saving in a secured financial instrument like Fixed Deposit. The advantage of investing in fixed Deposit is that it offers secure returns. A fixed Deposit encourages the healthy habit of saving and guarantees fixed returns without any anticipated risks.
     
    Bajaj Finance, a lending and investment arm of Bajaj Finserv, is offering the best rate of interest of 8.05% for a tenure of 60 months. Bajaj Finance’s FDs are rated very high on security with ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating—one of the highest approval ratings in the market. Also, you can start a fixed Deposit account with just Rs. 25,000.
     
    Bajaj Finserv offers you to calculate your returns through its Fixed Deposit calculator.
     
    Features and Benefits of Fixed Deposit:
     
    1. Stable Returns
    A fixed Deposit guarantees a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenure. 
     
    2. Higher Interest Rates for Senior Citizens
    Senior citizens can benefit greatly from investing their life savings in a fixed Deposit, as they are eligible for an additional rate of interest. Bajaj Finance offers senior citizens FD an interest rate of 8.30%. 
     
    3. No Approvals 
    Unlike high-risk investments that have to go through one or multiple rounds of approvals, you don’t need anybody to sign off on a fixed Deposit and you are free to make one when you like. 
     
    Apply for a Fixed Deposit at Bajaj Finance:
     
    To apply for fixed Deposit with Bajaj Finance all you need to do is fill up and submit the online application form. You will then get a call from BFL representative for scheduling your document collection process. Take a print of the pre-filled application form sent to your email id, sign it, affix photographs and keep the KYC documents ready for pickup. Once you Deposit the documents with a CTS compliant cheque, you have successfully created a fixed Deposit.

    About Bajaj Finance Ltd.

    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit https://www.bajajfinserv.in/investment/

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    Business Wire India

    Moody’s Analytics announced that it has won four Risk Technology Implementation awards from The Asian Banker.

     

    Moody’s Analytics won the Compliance Risk Technology Implementation of the Year and Risk Technology Implementation of the Year awards with Standard Chartered Bank. In the Liquidity Risk Technology Implementation of the Year category, Moody’s Analytics shared the top prize with AFFIN Bank Group. Rounding out its wins, Moody’s Analytics won the Enterprise Risk Technology Implementation of the Year award with Bank of Beijing and Jiangsu Hoperun Software Company.

     

    “We are honored to receive these awards from The Asian Banker and to share them with our esteemed partners at Standard Chartered Bank, AFFIN Bank Group, Bank of Beijing and Jiangsu Hoperun,” said Andrew Bockelman, Managing Director at Moody’s Analytics. “Moody’s Analytics solutions help banks throughout the Asia-Pacific region enhance their efficiency, standardize and automate processes, and address other regulatory and operational challenges.”

     

    With the Moody’s Analytics RiskAuthority™ solution in place, Standard Chartered Bank gained deeper insights into its portfolio, enabling the bank to make more informed regulatory and risk management decisions. The implementation significantly reduced the bank’s batch processing time and with a high-performance infrastructure solution in place, the bank achieved significant infrastructure cost savings.

     

    By implementing the Moody’s Analytics RiskAuthority and RiskConfidence™ solutions, AFFIN Bank Group established a consistent and repeatable workflow to produce reliable results quickly. As a direct result, the bank’s operational efficiency, reporting capabilities and risk analysis were enhanced, and the bank achieved its overall objective of better business decision making and risk management.

     

    Jiangsu Hoperun played a critical role in the implementation of the Moody’s Analytics RiskAuthority solution at Bank of Beijing by preparing and executing on the project plan, coordinating across different teams, and reporting on the implementation’s progress. Once the Moody’s Analytics solution was in place, Bank of Beijing improved the accuracy and timeliness of its risk-weighted asset calculations as well as its capital adequacy ratio calculations and reporting. Meanwhile, increased automation as a result of the implementation meant major cost savings for the bank.

     

    “Moody’s Analytics was recognized in a number of risk management awards this year,” said Foo Boon Ping, Managing Editor of The Asian Banker. “The results reflect the breadth and the quality of their solutions, and how successfully these solutions allow financial institutions in the region to manage risk more efficiently, automate previously manual processes, and adapt to ever-changing regulatory conditions.”

     

    This announcement by The Asian Banker adds to the expanding list of industry awards Moody’s Analytics has won. For a complete list, visit moodys.com/awards and scroll down to the Moody’s Analytics section.

     

    Click here to visit the Moody’s Analytics website.

     

    Click here to learn more about The Asian Banker awards.

     

    About Moody’s Analytics

     

    Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE:MCO), which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries. Further information is available at moodysanalytics.com.

     

     

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    Business Wire India

    OT-Morpho, a world leader in digital security and identification technologies, announced that ASUS has selected its embedded SIM (eSIM) to enable cellular connectivity for the new ASUS Transformer Mini, a hybrid tablet computer running with Windows 10 that will be launched this summer. The ASUS Transformer Mini will be the first computer device available on the market with an eSIM solution compatible with GSMA Phase 2 specifications for consumer devices.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170629005712/en/

     
    ASUS selects OT-Morpho’s eSIM for the first Microsoft Windows 10 tablet computer compliant with GSMA ...

    ASUS selects OT-Morpho’s eSIM for the first Microsoft Windows 10 tablet computer compliant with GSMA specifications (Photo: Oberthur Technologies)

    DakOTa 4.0 eSIM contributes to enhance the Always Connected Windows user experience. It has been designed in compliance with the GSMA specifications to ensure the best compatibility with MNO networks worldwide and thus allow the largest coverage capabilities. It fully addresses the specific subscription management needs for consumer devices. Validated for Microsoft Windows 10, it enables device makers such as ASUS to offer greater connectivity capabilities for laptops, notebooks and other personal computer devices using Windows OS.

     

    To stay connected anywhere, users will no longer need to buy various SIM cards when travelling. The eSIM will enable ASUS Transformer Mini owners to download the subscription they need by selecting one of the available cellular networks directly from their device. Furthermore, thanks to the initial cellular connectivity embedded in their device, they will be able to connect to the Microsoft Data Market place to select the subscription of their choice wherever they are, even if they do not have access to WiFi.

     

    “We position ourselves as a champion of connectivity in the personal computer space and we are excited to provide our customers with access to cellular connectivity anytime, anywhere,” said S.Y. Shian, COO & Head of PC Business Unit at ASUS.

     

    “We are very pleased to take part to the first GSMA Phase 2 eSIM deployment in personal computers with ASUS. Our close collaboration with Microsoft, notably with the two test labs we recently opened in the US and in Asia, allows us to offer the best-in-class support to our OEM customers for the integration of the eSIM technology to tablets, laptops and notebooks,” added Yves Portalier, OT-Morpho, Vice President & General Manager, Telecom, Morpho.

     

    “Together with OT-Morpho, we anticipate the tremendous potential that eSIM technology has to transform connectivity usage in the personal computer space and we are working hand-in-hand to facilitate its deployment with the Windows 10 platform. We are very pleased to support ASUS in delivering extended cellular connectivity capabilities to their customers,” said Roanne Sones, General Manager, Strategy and Ecosystem for Windows and Devices at Microsoft.

     

    Visitors to the MWC Shanghai (28-30 June 2017) will have the opportunity to discover the eSIM subscription management solution (stand W4.G01).

     

    ------

     

    OT-Morpho is a world leader in digital security & identification technologies with the ambition to empower citizens and consumers alike to interact, pay, connect, commute, travel and even vote in ways that are now possible in a connected world.

     

    As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in security and identity technologies and offer customized solutions to a wide range of international clients from key industries, including Financial services, Telecom, Identity, Security and IoT.

     

    With close to €3bn in revenues and more than 14,000 employees, OT-Morpho is the result of the merger between OT (Oberthur Technologies) and Safran Identity & Security (Morpho) completed on 31 May 2017. Temporarily designated by the name

     

    "OT-Morpho", the new company will unveil its new name in September of this year.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170629005712/en/

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    Business Wire India

    Mr. Kapil Wadhawan, Group Chairman WGC addresses the faculty at Simon Business School, University of Rochester at the Plaque ceremony
    Mr. Kapil Wadhawan, Group Chairman WGC addresses the faculty at Simon Business School, University of Rochester at the Plaque ceremony

    The Simon Business School at the University of Rochester on Tuesday announced the establishment of the Rajesh Wadhawan Professorship for Development Economics with an endowment of USD 1.5 million from WGC. The professorship commemorates the Group’s Founder Rajesh Wadhawan and his vision of empowering deprived sections of society through fair and respectable access to credit.
     
    The Professorship will focus on shaping research and studies in development economics that will be supported by exchange programmes and internships at WGC group companies in India. Joint forums to further propagate the field and allied areas are also on the anvil.
     
    In his remarks, Dean of Simon Business School, Andrew Ainslie said, “This gift shows the commitment and generosity of the Wadhawan family to give back to society in a meaningful and knowledge-driven manner. The Rajesh Wadhawan Professorship will strengthen Simon Business School’s academic and research focus on development economics. It is in line with our commitment to build a curriculum grounded in analytics and economics. We look forward to an engaging partnership with WGC to make this effort a success.”
     
    The Wadhawan family, represented by Mrs. Aruna Wadhawan, wife of Late Rajesh Wadhawan and son Kapil Wadhawan, his wife Vanita and daughter Tiana and son Kartik, were present at the Plaque Ceremony at the campus. Speaking on behalf of the family, WGC Chairman Kapil Wadhawan said, “The Rajesh Wadhawan Professorship is a tribute to our Group Founder’s legacy of doing business with a purpose. The topic of development economics was very close to his heart. He envisioned empowering the deprived with credit to build their own homes.”

    The endowment will support a full-time member of the Simon Business School faculty for research and a curriculum that furthers the understanding of economic problems in developing countries.

    WGC’s collaboration with Simon Business School is aimed at creating a larger impact globally. With an asset base of USD 18.6 billion, 10 million customers and a presence across 770 touch points, the group has a deep understanding of aspirational consumers. When seen in the larger context of development economics, it has the ability to deliver transformative socio-economic change in a profitable manner.About Simon Business School and University of Rochester

    Simon Business School is the business school of the University of Rochester and one of the world’s top graduate business institutions. It offers an education that attracts students who value analytic bias. The school believes strongly in the value of economics and statistics in the analysis of all business problems, and it is reflected in its ranking as a top five school for economics and finance.

    University of Rochester is one of the top-tier research universities in the US. The private, non-profit university was founded in June 1850. It offers undergraduate, graduate, doctoral and professional degree programs. University of Rochester Medical Center Rochester's Headquarters are located at 601 Elmwood Avenue, Rochester, New York, USA 14642.

     
    About WGC
     
    Wadhawan Global Capital Pvt. Ltd. (WGC) is a leading financial services group in India. The group manages US $ 18.7 Billion of Assets through its lending, Asset Management and Insurance businesses. WGC group has partnered with leading financial institutions such as International Finance Corporation, Washington and Prudential Financial Inc., United States, in transforming the lives of millions of customers across India
     
    (WGC) is the parent company for some of the top brands in India such as DHFL, Aadhar Housing Finance Company, Avanse Financial Services Ltd, DHFL Pramerica Life Insurance Company Ltd and DHFL Pramerica Asset Managers Private Ltd to name a few.
     
    Website: ​www.wgcworld.com

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    Business Wire IndiaBajaj Finance Ltd, one of the fastest growing financial services company in India, has reported a 55% robust growth in its Doctor Loans segment. Part of its professional loans portfolio, the segment saw a significant jump to Rs 148 crore in March 2017, from Rs 95 cr crore in September 2016. Its online disbursal, which accounts for 25% of the total disbursement, doubled to Rs 16.47 crore from Rs 8.65 crore in the same six-month period.
     
    In India, the doctor loans segment is valued at Rs 500 crore of monthly disbursals, of which Bajaj Finance Ltd enjoys an impressive 35% market share. The company, which is the lending arm of Bajaj Finserv Ltd, is now targeting growth by 70% in the doctor loans segment in FY17-18. Bajaj Finance Ltd’s Professional Loan segment registered a growth of 56% in FY17 over the previous year having disbursed Rs 424 crores in Q4 of FY17. The company also increased its geographic spread in the segment from 115 to 140 locations. The overall professional loans segment comprises of Doctors, Chartered Accountants and Engineers and is valued at Rs 750 crore.
     
    Under Doctor Loans, the largest sub-segment consists of Doctors who have completed their Post-Graduation and account for 33% of the total loans disbursed to the larger category of Doctors. The next largest sub-segment is of MBBS doctors, accounting for a little over 37 % followed by Dentists with a 17% share.
     
    The data also highlights that in terms of experience, Doctors with 10-15 years of practise have 23% share that constitutes the largest chunk of the whole Doctor Loans segment followed by Doctors with over 20 years of experience. The factor that makes this product a unique proposition is the ‘Line of Credit’ offered exclusively by Bajaj Finance Ltd, which is an industry first offering, tailored for professionals. This empowers the doctors availing the loan to manage their cash flows smartly and more efficiently. The product is designed with the thought that loans to doctors are better left flexible considering the dynamic and variable funding requirements they have. The ‘Line of Credit’ ensures that doctors get a dedicated credit line for a particular duration. Throughout this duration, the doctors only repay the interest component of the amount used. The monthly EMI for Line of Credit will only contain the interest amount. The principal amount of the loan has to be paid only when this fixed tenure ends. There will be no principal component on a monthly basis. Bajaj Finance has a holistic product proposition for the doctor community, ranging from unsecured loans (of up to Rs 30 lacs) to secured loans up to Rs 3 Cr.
     
    Doctors can avail loans up to Rs 30 lakh, which is the highest loan amount offered by any online provider in the country. Additionally, they need not provide any guarantors or collaterals to avail this loan. They also get a choice of flexible repayment tenors – ranging from 12 months to 60 months. The average ticket size for Doctor loans is Rs 10 lakh.
    About Bajaj Finance Ltd
     
    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
     
    To know more please visit https://www.bajajfinserv.in/finance/

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    Business Wire India

    Experience Axis - High Street Shopping
    Experience Axis - High Street Shopping
    Experience Axis - On select on-going saleExperience Axis - On select on-going sale
    Axis Bank, country’s third largest private sector bank launched a new campaign ‘Experience Axis’, featuring its brand ambassador Deepika Padukone. The Bank showcases a range of offers on their credit and debit card bouquet, through the vibrant twenty-second video series.
     
    The cards category in India has been growing steadily with time. Over the last 3 years, Axis Bank Credit Cards have been key growth drivers, subsequently resulting in Axis Bank being the 2nd highest contributor to the overall number of credit cards in the market. Additionally, the bank has the 2nd highest CAGR (48%) in the industry over last 4 years and the highest growth amongst the top industry players.
     
    Speaking on the launch of the campaign, Asha Kharga, CMO, Axis Bank said, “‘Experience Axis’ is a single unified idea that ties all the value offerings on cards across shopping, dining and travel. It elevates the brand imagery by focusing on experiences rather than just deals. It aims to differentiate us in a category where discounts and cashbacks are the reigning language and build usage and preference for Axis Bank Cards. The monochromatic treatment coupled with Deepika’s playful charm also makes the films a clutter-breaking visual delight.”
     
    The campaign conceptualized by Lowe Lintas Mumbai showcases Deepika Padukone, the brand ambassador of Axis Bank in candid moments. She is seen experiencing shopping and dining privileges that Axis Bank cards uniquely have to offer.
     
    Arun Iyer, Chairman & Chief Creative Officer - Lowe Lintas said, “The brief was to differentiate ourselves within the category. Our starting point was based on an observation that young working Indians, are more open to spending on what they desire than what they need. While cards are the enablers of this behavior, when we delved deeper to understand their point-of-view we realized that they don’t see this as ‘spending money’ but more as ‘gathering experiences’ – something they value much more than ‘material possessions’ Hence our approach was to position the range of Axis Credit and Debit Cards as the window to the world of experiences called ‘Experience Axis’ We felt Deepika would be ideal to bring this alive given that she is also a young working professional and therefore the connect would be seamless.”About Axis Bank

    Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

    With its 3,304 domestic branches (including extension counters) and 14,163 ATMs across the country as on 31st March 2017, the network of Axis Bank spreads across 1,946 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

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    Business Wire India

    Snapdeal's GST Guru Program provides comprehensive information on GST requirements to online sellers
    Snapdeal's GST Guru Program provides comprehensive information on GST requirements to online sellers

    • Over 92% of sellers, value wise, have registered and shared GST No.
    • Technology platform upgraded to capture GST No., HSN Codes and Tax Rates
    Snapdeal today announced its platform’s successful transition into the post GST world, culminating months of preparation overhauling all key systems impacted by the taxation system change. This included enhancements across the Snapdeal Seller Panel, taxation system, cataloging system, order processing, invoicing and ERP systems. 

    As of June 30, more than 92% of Snapdeal sellers (by value) had registered their GST Number with Snapdeal. Together with seller partners, Snapdeal has revamped its self-serve seller panel, adding all necessary GST enabled customer invoice formats, commission invoices to Sellers, taxation reports, etc., so that sellers are able to file their taxes and get all required documents from the Panel itself. Further, in order to facilitate a smooth transition for the sellers, Snapdeal has also assigned a default HSN Code to every product sold on the platform. This will ensure that the sellers do not face difficulty in identifying the right code for their products, while simultaneously also having the option to change the code as per their specific requirements. 

    Over the last few months, Snapdeal has also ensured due hand holding with seller partners through individual discussions, FAQs and a comprehensive awareness program - GST Guru. Through these, the company has helped tens of thousands of sellers obtain clarity with regard to operations under the GST regime, treatment of stocks in warehouses, new forms, returns and credits etc. 

    Commenting on the same, Anup Vikal, Chief Financial Officer, Snapdeal said, “We are proud to support the government in its vision of One Nation One Tax, and have been working closely with all stakeholders to enable the same on our platform. Given all these proactive measures, we are confident that together with our seller partners, we will move into the GST era seamlessly. Snapdeal experts will continue to assist and guide the sellers through this period of transition.”

    Snapdeal is registered under GST in all states from where it has a place of business, and has completed all necessary accounting and ERP changes to meet compliance requirements. Additionally, the company has also finalised its ASP/GSP partner and return filling and reconciliation process.About Snapdeal

    Snapdeal’s vision is to create India’s most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers. In February 2010, Kunal Bahl along with Rohit Bansal, started Snapdeal. Today Snapdeal is India’s largest online marketplace, with the widest assortment of 65 million plus products across 1000+ categories from over 125,000 regional, national, and international brands and retailers. With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country, delivering to 6000+ cities and towns in India. In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others.

    For further information visit: www.snapdeal.com

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    Business Wire India

    Kx Systems, a subsidiary of First Derivatives plc (FD), and provider of the industry-leading kdb+ time series database, announces that Bitcoin Mercantile Exchange (BitMEX), a cryptocurrency derivatives exchange, has expanded its use of kdb+ within its trading platform.

     

    Kdb+ is widely used in the financial services industry to power trading and risk management platforms, setting industry records for speed, performance and stability in high performance applications. These attributes are increasingly recognized across a range of markets requiring fast analytics on Big Data, such as manufacturing and retail, while Kx is also at the forefront of the use of predictive analytics, virtual reality, artificial intelligence and machine learning techniques.

     

    BitMEX is a trading venue where all deposits and withdrawals happen on the Bitcoin blockchain. Started in 2014, current trading volume exceeds US$3,500,000,000 per month of derivatives products. The firm’s founders have experience in equities derivatives trading, algorithmic trading systems and high-performance web applications. Building on the foundation of their experience creating market making and high frequency trading systems with kdb+, the engineers at BitMEX are continuously expanding their offerings.

     

    Arthur Hayes, CEO of BitMEX said: “With kdb+ we can dynamically change and add new features and bring new products to market within two hours. Having this speed gives us a significant edge. Another advantage to using kdb+ is we know that our numbers are correct all of the time. This is important when you are dealing with lots of leverage and other technologies. We can be confident to offer high leverage because we have audited, reliable results. Our competitors can barely do these calculations within the day, they go offline to do this.”

     

    Mark Sykes, COO at Kx Systems said: "We are increasingly seeing kdb+ being used for streamed event processing and in-memory analytics, as well as more traditional time-series storage. BitMEX’s extraordinary growth, cementing them as the world's most advanced derivatives exchange for virtual currencies, tracks with their expanded use of Kx software, perfectly illustrating how our technology is transforming new markets. We look forward to working closely with BitMEX as they continue writing their success story."

     

    About FD and Kx

     

    FD is a global technology provider with 20 years of experience working with some of the world’s largest finance, technology and energy institutions and employs over 1,700 people worldwide. The Group’s Kx technology is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. It delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications for multiple industries including finance, pharmaceuticals and manufacturing.

     

    About BitMEX

     

    BitMEX gives retail investors access to the global markets using digital currencies and derivatives. BitMEX through the use of digital currency derivatives aims to allow anyone, anywhere, to trade any type of financial asset. BitMEX will allow the 90% of the world, who are not serviced by traditional financial services firms, access to financial products.The exchange allows for trading using up to up to 100x leverage on Bitcoin and other Altcoins.BitMEX is now the world’s largest Bitcoin / USD and digital currency derivatives trading platform by volume.

     

    For more information about Kx please visit www.kx.com. For general enquiries, write to info@kx.com.

     

    For more information about BitMEXplease visit www.bitmex.com.

     

    Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc. © 2017 Kx Systems

     

     

     

     

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    Business Wire India

    Pitney Bowes (NYSE:PBI), a global technology company that provides innovative products and solutions to power commerce, has once again been honored as one of India’s Best Companies to Work For 2017 by The Economic Times. This is the seventh time in the past ten years Pitney Bowes has been recognized by the Best Companies to Work For Survey, India’s largest and most comprehensive survey of workplace culture. In India, the global technology company has offices in Noida, Pune, Gurgaon and Bangalore.

     

    Pitney Bowes is also one of Forbes’ America’s 500 Best Large Employers 2017 for the second consecutive year. This list is the result of an independent survey of 30,000 employees at large companies.

     

    “Our culture of innovation is based on our values which are simply that we do the right thing, the right way,” said Johnna Torsone, Executive Vice President and Chief Human Resources Officer, Pitney Bowes. “We are honored to be named by the Economic Times to this prestigious list. We know that our ability to attract and retain talent in India’s competitive technology environment is a credit to our winning culture.”

     

    Manish Choudhary, Senior Vice President, Global Innovation and Managing Director of India Operations, Pitney Bowes Inc. said, “This honor by the Great Place to Work List for a seventh year marks yet another milestone of our digital transformation. Our people are our greatest asset and it is rewarding to see our culture recognized once again in this prestigious survey.”

     

    About Great Place to Work® Institute

     

    Great Place to Work® Institute is a global research, consulting and training firm that helps organizations identify, create and sustain great workplaces through the development of high-trust workplace cultures. It serves businesses, non-profits and government agencies in 45 countries on all six continents. Their clients are those companies and organizations that wish to maintain Best Company environments, those that are ready to dramatically improve the culture within their workplaces, and those in between the two. They know that organizations that build trust and create a rewarding cycle of personal contribution and appreciation create workplace cultures that deliver outstanding business performance.

     

    About Pitney Bowes

     

    Pitney Bowes (NYSE:PBI) is a global technology company powering billions of transactions – physical and digital – in the connected and borderless world of commerce. Clients around the world, including 90 percent of the Fortune 500, rely on products, solutions, services and data from Pitney Bowes in the areas of customer information management, location intelligence, customer engagement, shipping, mailing, and global ecommerce. And with the innovative Pitney Bowes Commerce Cloud, clients can access the broad range of Pitney Bowes solutions, analytics, and APIs to drive commerce. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.

     

     

     

     

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