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Datacipher Accredited as a Check Point Authorized Training Centre

Datacipher, a Professional Services Company specialized in next generation networking and security services, has been accredited as a Check Point Authorized Training Centre in India. Check Point Software Technologies is the largest pure-play security vendor globally. Datacipher was selected due to their technology expertise, and their extensive learning services delivery expertise. Backed by agreement with Check Point, Datacipher fully commits to execute Check Point’s global training and certification program.

“Datacipher is accelerated to be the go-to choice in APAC for Next generation networking, Cloud, and cyber security skills,” according to Kusala Gade, Director Trainings at Datacipher. “Datacipher is extremely proud to be associated with Check Point and has proven expertise in excellent training delivery. This new partnership is part of building our offerings in Network security to privileged customers in our managed services portfolio.”

More information on Check Point Certification Training is listed the course catalog at https://www.checkpoint.com/support-services/training-certification/

To learn more about Datacipher’s available training courses or to register, please visit http://datacipher.com/checkpoint/ or send email to training@datacipher.net

About Checkpoint

Check Point Software Technologies Ltd. (www.checkpoint.com) is the largest network cyber security vendor globally, providing industry-leading solutions and protecting customers from cyber-attacks with an unmatched catch rate of malware and other types of threats. Check Point offers a complete security architecture defending enterprises – from networks to mobile devices – in addition to the most comprehensive and intuitive security management. Check Point protects over 100,000 organizations of all sizes.

About Datacipher

Datacipher offers network design and strategy, implementation, System integration services, security practices and specialized in providing Professional Services Consulting and Certified Training. Datacipher has extended Training & Services Delivery to multiple regions in APAC i.e., India, Australia & New Zealand, Singapore and Philippines.

Quality is our obligation and we ensure 100% delivery commitment. We understand success comes through our Technical Capability. We have highly experienced Engineers with a passion to deliver Services and trainings and have access to latest cutting edge technologies. We focus on building the best Testing labs with all latest devices and access methods to ensure certainty in delivery.

For more details pls visit http://www.datacipher.com/

Chairman, TEXPROCIL Welcomes Reduction in GST Rate for Job Work in Textile Sector

The Goods and Services Tax (GST) Council in its 20th meeting on Saturday decided to cut the tax rate for job work for the entire value chain of textiles sector to 5 per cent. Earlier, the GST for job works related to textile yarns, other than manmade fibres and textile fabrics, was 5 per cent, while for manmade fibres yarns and made ups/garments, it was 18 per cent. “The reduction in the GST rate for job work in the made ups and garment sectors is welcome and a positive measure which will bring down the costs for the textiles sector across the value chain,” said Shri Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL). “Majority of the manufacturing activities in the textiles sector take place through job work and the reduction in the GST rate for job work has come as a huge relief for the sector,” pointed out Shri Lahoti. The Chairman TEXPROCIL thanked Shri Arun Jaitley, Hon’ble Union Finance Minister, and Smt Smriti Zubin Irani, Hon’ble Union Textile Minister for reducing the GST rate for job work in the textile sector.

With regard to exports, Shri Lahoti said, “Merchant exporters cannot benefit from the facility of exports under Bond/ LUT.” There is no enabling document prescribed so far by the Government under which goods can be cleared by a manufacturer without charging IGST meant for exports by a merchant exporter against Bond/LUT, pointed out Shri Lahoti. In the absence of such a provision, the manufacturer charge IGST on the goods supplied by him to the merchant exporter meant for exports under Bond/LUT. In the erstwhile Central Excise regime, there was a facility under which a merchant exporter who has executed a Bond (B-1 Bond) was provided with C.T.1 certificates. The manufacturers supplied the goods without charging Central Excise duty to the merchant exporters against the C.T.1 certificates. The Chairman, TEXPROCIL urged the Government to introduce similar facility at the earliest so that the merchant exporters exporting under Bond/LUT can get IGST free goods from the manufacturers. The Foreign Trade Policy allows fulfillment of export obligations under various schemes though “third party exports”. Such a provision of getting exports goods without payment of IGST from the textiles manufacturers will lead to ease of doing business and also seamless flow of credits, according to Shri Lahoti.

Further, to operate under the facility of Bond/ LUT, a Bank Guarantee is required to be furnished by the exporters. Shri Ujwal Lahoti urged the Government to exempt those exporters holding a valid membership with an Export Promotion Council from furnishing Bank Guarantees as it increases costs for the exporters. In the Central Excise regime, merchant exporters who were members of an EPC were exempted from furnishing Bank Guarantees while executing B-1 Bond, pointed out Shri Lahoti.

Max Financial Services Q1 Consolidated Revenues Grow 14 percent to Rs. 2,566 Cr.

Max Life Q1 FY2018 Highlights:

  • Revenues1: Rs. 2,560 Cr., grew 15%
  • New Sales: Rs.  554 Cr., grew 18%
  • Solvency Surplus: Rs. 1,953 Cr.; Solvency Ratio: 295%

Max Financial Services Ltd. (MFS) today announced financial results for the first quarter of financial year 2017-18 (Q1 FY2018). MFS, one of the only two listed companies providing pure access to the Indian private life insurance sector, reported strong financials with consolidated revenues1of Rs. 2,566 Cr., growing 14% over the previous year.

MFS’ sole operating subsidiary Max Life Insurance reported revenues1 of Rs 2,560 Cr., growing 15% over the same period last year. In Q1, Max Life reported New Sales of Rs. 554 Cr., growing 18%, while Individual Adjusted Sales totalled Rs. 458 Cr., growing 19% over last year. The company’s normalised2 Shareholders’ Profit Before Tax in Q1 was Rs. 106 Cr., in line with last year. Max Life also reported a Solvency Surplus of Rs. 1,953 Cr., with a healthy Solvency Ratio of 295% and the company’s Assets Under Management, as at 30th June 2017, stood at Rs. 45,870 Cr, making it the 5th largest fund manager among private life insurers in India.

Earlier this year, Max Life had announced its Embedded Value3, which stood at Rs. 6,590 Cr. as at 31st March 2017 with an Operating Return on EV (RoEV) of 20%. The Value of New Business (VNB) written during FY2017 was Rs. 499 Cr, growing 29% over the previous year, and the new business margin stood at 18.8%.

Commenting on the Company’s performance, Mr. Rahul Khosla, President, Max Group and Chairman, Max Life Insurance said, “Following a year of unprecedented growth in financial year 2017, Max Life’s performance in the first quarter of financial year 2018 has laid a strong foundation for steady organic growth in the near future. In the coming months, it will be our priority to optimise market share and profitability while focusing on organic and  inorganic growth opportunities.”

Mr. Mohit TalwarManaging Director, Max Financial Services Ltd. said, “A robust growth of 19% in Individual Adjusted Sales further cements Max Life’s position as one of the leading life insurers in the country. While our key bancassurance partnerships including those with Axis Bank and Yes Bank continue to contribute significantly to our growth, we will pay special attention to driving profitable growth in our proprietary channels such as Corporate Agency and e-Commerce. With a strong emphasis on solvency and embedded value growth, we will continue to ensure the best returns to our stakeholders.”

About Max Group

 

The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Health & Allied businesses and packaging sectors. In FY2017, the Group recorded consolidated revenues of Rs. 16,798 Cr. It has a total customer base of 9 million, nearly 240 offices spread across India and people strength of 22,500 as on 31st March 2017. The Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC Washington, Vanguard, Ward Ferry, New York Life, Morgan Stanley, Nomura, Temasek and Wasatch.

The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries.

About Max Financial Services Limited

 

Max Financial Services Limited (MFS), a part of the US$ 3 billion Max Group, is the parent company of Max Life, India’s largest non-bank, private life insurance company. MFS actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.

About Max Life Insurance

 

Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 17 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision ‘To be the most admired life insurance company by securing the financial future of our customers’. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
For further information, please visit:

Max Group: www.maxgroup.net
MFS: www.maxfinancialservices.com
Facebook: https://www.facebook.com/themaxgroup 

Twitter: https://twitter.com/maxgroup

1 Excludes Max Life Unit Investment Income 
2 Excludes the impact of One-off items from last year
3 EV post final shareholder dividend

PTC and KPIT Launch Center of Excellence

PTC (NASDAQ: PTC) and KPIT Technologies (BSE: 532400; NSE: KPIT) today announced the opening of a Center of Excellence (CoE) at KPIT’s campus located in Pune, India. The inaugural event focused on bringing customer experience and engagement to the Industrial Internet of Things (IIoT) with solutions built on PTC technologies.

Demonstrations at the launch included intelliAssetTM and solutions for smart cities, smart campus, and digital journeys. Customers who attended the launch event were given demonstrations on how to improve processes and service by integrating product definition through the Industrial IoT standards of Industrie 4.0.

“It is important for companies to provide an integrated experience using Industrie 4.0 technologies,” said Probodh Chiplunkar, Head of Digital Business, KPIT. “Customers want the ability to forecast asset performance, predict changes, and prescribe action from a single application. KPIT intelliAsset™ provides just that.”

IoT solutions can offer a more seamless experience for the user, and the user experience for operators and technicians is just as important as for management. Through KPIT’s diagnostics stack and the software-as-a-service (SaaS) applications built on the ThingWorx® Industrial IoT Platformfrom PTC, customers can seamlessly connect and monitor remote assets, interact with business applications, and drill down to the original digital product definition stored in PLM systems. This helps improve asset utilization and reduce unplanned outages.

During the inaugural event, KPIT illustrated how companies can put the power of the digital thread into action with demonstrations of smart, connected products in digital engineering, manufacturing, and service through solutions built on PTC technologies.

“Customers who were part of the CoE launch explored how the digital thread of a manufacturing part can start with product definition, proceed through creation of the bill of materials, link back to specifications, and then flow into manufacturing,” said Robbie Morrison, Practice Director, Extended PLM, KPIT. “The digital thread links the asset from its origin to deployment and monitoring in the field.”

“KPIT is building solutions aimed at providing value for discrete and process manufacturing industries and smart cities,” said Catherine Kniker, Chief Revenue Officer, Platform Business, PTC. “Built on the ThingWorx platform, KPIT’s integrated customer-engaging applications for smart factories and asset management are designed to enable customers to accelerate their time to market in these industry settings.”

About KPIT Technologies Ltd.

KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.

About PTC (NASDAQ: PTC)

PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

Website: PTC.com, Twitter: @PTC, PTC Blog: Blogs

PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

Microsoft Corporation (India) Pvt. Ltd. Wins Frost & Sullivan’s “Unified Communications Application Vendor of the Year” Award at the 2017 India Digital Transformation Awards

Microsoft Corporation (India) Pvt. Ltd., the worldwide IT leader in software, solutions, and services was named ‘Unified Communications Application Vendor of the Year’ at the 2017 Frost & Sullivan India Digital Transformation Awards held in Mumbai. Currently in its 15th year, the 2017 Frost & Sullivan India Digital Transformation Awards witnessed the participation of leading personalities and companies from the Information and Communication Technology sector. These companies were lauded for their exceptional growth and market strategies, product development abilities, competitive advancement skills, technology innovation, and dedicated customer focus.

Microsoft has always been a major stakeholder in the Unified Communications market space. The company has been serving customers in India through its innovative products and services that fit specific needs of enterprises. Microsoft revamped and strengthened its existing Office365 and Skype for Business (SfB) portfolio to include business intelligence and team collaboration solutions. These enhancements well reflect Microsoft India’s focus on the company’s computer technology and software products, and empower the communities they operate in. The company’s long-term vision to create simple, easy to use yet productive applications has helped it gain customer confidence and market reputation in India.

Congratulating Microsoft Corporation (India) Pvt. Ltd. on the award, Mr. Benoy C.S., Director & Business Unit Head, Digital Transformation (ICT) Practice, Frost & Sullivan said, “Microsoft has been at the forefront of innovation and has enabled enterprises to transform their digital experience. With a deep focus on empowering end users, Microsoft made significant development in its solution portfolio to offer flexible and secure solutions to enterprises. The company’s continued investments in technology backed by a strong go-to-market strategy have given it a competitive edge. The company catered to every enterprise segment with unique offerings and enhanced value proposition. With a strong partner ecosystem, the company has strengthened its foothold and visibility in India. Microsoft is a strong thought leader and trustworthy name in the unified communication services segment and has consistently worked towards customizing its offering to suit every enterprise.”

Speaking on the occasion, Mr. Alok B. Lall, Director, Office Business Group, Microsoft India said, “In line with our focus of empowering organizations with digital transformation, security and innovation, we are delighted to receive this award that will inspire us to keep strengthening our efforts in this direction. Our belief is that ‘At the heart of great teams is great communication’. Teams that communicate often and openly are more efficient, respond faster and plan better, ultimately leading to business efficiency and productivity. As companies go through digital transformation, we are delivering innovation in our ‘Skype for Business Online’, a cloud platform that unlocks creativity by empowering people to express their ideas more effectively. With our vision to help individuals and businesses realize their full potential, our promise is that with new capabilities, customers can significantly simplify their infrastructure with one platform, be it for calling, conferencing, video, or sharing.”

About the Award 

The award recipients were judged on a variety of parameters that included revenue growth, innovation, product portfolio diversity, key achievements, and Go-to-market Strategy. It involved in-depth primary interviews with various industry participants and secondary research conducted by Frost & Sullivan analysts. An elite panel of jury members comprising of prominent CIOs/CTOs from the industry evaluated the compiled data and incorporated the end-user perspective. Frost & Sullivan then presented the Awards to companies that received the highest industry rank in each category.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

About Microsoft Corporation (India) Pvt. Ltd 

Founded in 1975, Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more. Microsoft set up its India operations in 1990. Today, Microsoft entities in India have over 8,000 employees, engaged in sales and marketing, research and development and customer services and support, across 11 Indian cities – Ahmedabad, Bangalore, Chennai, New Delhi, Gurugram, Noida, Hyderabad, Kochi, Kolkata, Mumbai and Pune. Microsoft offers its global cloud services from local datacenters to accelerate digital transformation across Indian start-ups, businesses, and government agencies. In 2016, Microsoft opened one of its eight Cybersecurity Engagement Centers in the country, to address security needs of both public and private sectors.

https://www.microsoft.com/en-in/about/

Website: https://ww2.frost.com/
Twitter: @Frost_Sullivan (Event hashtag – #fsictawardsindia)
Facebook: http://www.facebook.com/frostandsullivan
LinkedIn: https://www.linkedin.com/company-beta/4506/

THINKERS Announces List of Foremost Thinkers in the Area of Economics and Governance in India

  • List of 50 thinkers in the area of Economics and Governance was unveiled at THINKERS Sandbox, an event was held at The Imperial, New Delhi on August 9, 2017.
  • The list includes distinguished set of reformers, influencers, financial architects and academics like Bimal Jalan, Bibek Debroy, Rakesh Mohan, Arvind Subramanian, and Shashi Tharoor.
  • Anupam Kher released the list at the event.
  • Two book unveilings also occurred at the event. Bimal Jalan released his book titled “India: Priorities for the Future” while Gurucharan Das launched his box set “10 Extraordinary Tales of Trade”.

THINKERS Sandbox, an event held by THINKERS & Penguin Random House with YES BANK and the YES Global Institute as the Presenting Alliance Partner, announced a list of top 50 thinkers in India in the field of economics and governance. The list was unveiled by Anupam Kher at the event. It included a distinguished set of reformers, influencers, financial architects and academics who have made a difference by driving the national narrative with their unique ideas or steering the nation itself with their firm decision making. The list featured economists like Jean Dreze, Prabhat Patnaik and Paranjoy Guha Thakurta; columnists like Gurcharan Das, Swaminathan Aiyer and T. Ninan; central bankers like Bimal Jalan, C. Rangarajan and Y.V. Reddy; and reformers like Montek Singh Ahluwalia, Rakesh Mohan and Viral Acharya.

The list was formulated after careful deliberation on how these thinkers enable discourse in society and what is their level of public outreach. These characteristics were adjudged based on their book publications, newspaper contributions, social media engagement and influence in public policy with a preference for ones based out of India. There will be an annual publication of such a list of thinkers in India. It aims to act as an essential guide on the thinkers and the ideas that have contemporary relevance in modern India and its development and recognise the independent minds of the country that have made it a better place and shaped a better future for it. To view the complete list and for more detailed information click here.

Dr. Amit Kapoor, Editor-in-Chief, Thinkers said, “India is fortunate to have a ubiquity of talented minds in every field of the society that have made incomparable contributions in shaping India as we know it today. THINKERS is all about recognising such individuals and their ideas. The THINKERS list of 50 thought leaders does exactly that and also acts as a guide for the nation as to which set of thinkers and ideas they need to follow to become more informed citizens.”

Dr. Shubhada Rao, Chief Economist, YES BANK, said, “YES BANK and YES Global Institute are proud to be associated with the launch of the Thinkers list. At a time when our country is poised to benefit from path breaking economic reforms, forums such as these will help foster economic and governance ideals towards India’s sustainable and holistic socioeconomic transformation.”

The list was released at the THINKERS Sandbox event, which was held at The Imperial, New Delhi on August 9, 2017, and featured a subset of the list’s 50 thought leaders. THINKERS Sandbox is a platform to discuss new ideas, new thoughts, address challenging issues, forge new paths and identify synergies. This year the event focused on the topic of “Economics & Governance” and featured insightful talks and panel discussions around various paradigms of the Indian economy.

The event also witnessed the unveiling of Bimal Jalan’s latest book “India: Priorities for the Future” in which he has penned down a formidable analysis of India’s economic journey in the last four decades and Gurcharan Das’ “10 Extraordinary Tales of Trade” that takes an in-depth view of business communities in India.

Speaking about the event, Milee Ashwarya, Editor-in-Chief, Penguin Random House India, said that “I’m delighted that we have a range of minds presenting diverse ideas on one platform THINKERS Sandbox today. It was an honour to have the business series Tales of Trade edited by Gurcharan Das to be released with Anupam Kher and the best minds in economy and governance in the country. We are a nation that has always encouraged debates, discussions and divergent views and THINKERS is an attempt to find space to encourage this unique quality about India.”

About Thinkers

Thinkers is a quarterly thought leadership magazine with articles, interviews, and thought pieces from the brightest thinkers in the areas of economics and governance; philosophy and literature; science and technology; and management. It is an initiative of Institute for Competitiveness & Thinkers50 India.

About Amit Kapoor

Dr. Amit Kapoor is the Editor-in-Chief Thinkers and is also an advisor to Thinkers50. He is also the Chair of Institute for Competitiveness and is President & CEO of India Council on Competitiveness. Recently, he has authored the book Riding the Tiger published by Penguin India.

About Institute for Competitiveness

Institute for Competitiveness, India is an independent, international initiative centered in India, dedicated to enlarging and disseminating the body of research and knowledge on competition and strategy, pioneered over the last 25 years by Professor M.E. Porter of the Institute for Strategy and Competitiveness, Harvard Business School (ISC, HBS), USA. Institute for Competitiveness, India works in affiliation with ISC, HBS, USA to offer academic & executive courses, conduct indigenous research and provide advisory services to corporate and Government within the country. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities; suggests and provides solutions for social problems. Institute for Competitiveness, India brings out India City Competitiveness Report, India State Competitiveness Report, and funds academic research in the area of strategy & competitiveness. For more information, visit http://www.competitiveness.in

Everest Group Names HCL Technologies as a Leader in Global Banking and Global Capital Markets Application Services

HCL Technologies (HCL), a leading global IT services company, has been identified as a leader in two of the Everest Group’s 2017 PEAK Matrix™ assessments. HCL was recognized for its Global Banking Application Outsourcing Services as well as for its Global Capital Markets Application Outsourcing Services.

Positioning on both the Global Banking Application Outsourcing Services and Global Capital Markets Application Outsourcing Awards are based on criteria across two dimensions. The PEAK Matrix looks at market success by vertical-specific revenue, the number of large active deals, and the yearly vertical-specific revenue growth. The delivery capability of a company is also measured, and this criterion includes the scale of operations, scope, domain expertise and innovation, delivery footprint, and buyer satisfaction.

“Receiving this leadership award for the third year in a row demonstrates HCL’s commitment to going beyond the contract to keeping our Financial Services clients ahead of market demands, technology trends, and customer behaviour,” said Rahul Singh, President & Global Head – Financial Services, HCL Technologies. “Our vision to simplify, digitize, and disrupt helps us build futuristic solutions that enable our clients to in-turn provide a superior experience to their digital native consumers.”

“Financial institutions are redesigning their technology sourcing strategies to respond to changing consumer demands, new technologies, regulatory pressures, and intense competition from FinTech competitors,” said Jimit Arora, Partner, Everest Group. “Consistent successes in winning new deals, a willingness to invest in clients through co-innovation labs, and sustained investments in new capabilities such as application modernization, API services, and automation, have positioned HCL Technologies as a leader for the third consecutive year on Everest Group’s 2017 PEAK Matrix™ Assessment for Applications Outsourcing in Banking and Capital Markets.”

The Global Banking Application Outsourcing Services can be downloaded here.

The Global Capital Markets Application Outsourcing Services can be downloaded here.

India’s First Product of its kind, FlexSalary, a Virtual Unsecured Personal Emergency Line of Credit Launched Nationally at Hyderabad

  • Vivifi is looking to raise INR 100 crore
  • The Indian Lending Business Size is put at $ 1.2 Trillion

A Hyderabad-based Fintech Startup, Vivifi India Finance Pvt Ltd, a Non-Banking Finance Company (NBFC), announced today the national launch of FlexSalary, an online virtual unsecured personal emergency line of credit which is built with the vision to help individuals steer away from the awkwardness of short-term cash crunches.

Currently the start-up is self-funded and is looking to raise INR 100 crore, towards Lending Capital and Operations. The Indian Lending business with a size of $ 1.2 Trillion with over 40% being under-served or unorganized, is ripe for disruption with innovative lending models

The startup founded by Anil Kumar Pinapala, Srinath Kompella and industry veterans, offers as its first product, salary advance loans to salaried employees in the Organized and Unorganized sectors.

Many salaried individuals fail to secure credit with traditional financial institutions since they fail to meet the narrow, stringent and traditional lending norms from the service provider. Sometimes the causes, for which money is required, do not qualify for a typical bank or traditional NBFC loan, and in many cases, there is no loan product that addresses short-term credit needs which may last just for a few days.

Consumers, especially millennials, are more comfortable using technology to find and sign up for quicker credit informs Patrick Kishore, the Chairman of the company who has 37 years of experience in the Indian Banking and Financial Services Sector while addressing a press conference here in Hyderabad today. He has served as the COO of IDRBT and was instrumental in the implementation of RTGS/NEFT and has worked directly with RBI on several Regulatory Framework and Guidelines.

Vivifi, is set-up with an objective of serving the financial needs of the Under-Served customers with a Risk-based pricing model and a customer acquisition and loan origination process that is technology-driven. Our first product offering is where you get an instant line of credit against your salary anytime. In other words, it is “your salary in advance,” said Anil Kumar Pinapala. CEO of the company, Anil has over 17 years of experience in the Fintech domain.

Anil is a Technology thought leader in the small ticket sub-prime lending and has immense experience in Machine Learning Risk Algorithms for Underwriting and automated loan origination and servicing.

FlexSalary is an open-ended line of credit, where borrower decides the loan tenure, says Srinath, Co-Founder & COO who has 15 years of experience in the Fintech domain. He has been instrumental in devising Credit Service Organization-based subprime lending operations.

Customers can sign-up for FlexSalary with an easy and simple one-time application with an instant approval, instant disbursals and the ability to access credit anytime. This is a unique product with no fixed EMI payment and providing the customer continuous access to cash from their available credit limit. The customers, can avail discounted interest for seven days on cash for their emergencies, by opting into the membership program.

This product is ideally suited to handle any short or long-term cash crunch to pay for vehicle expenses, to head off on holiday, to make credit card payments, to pay tuition or school fee, to not miss an EMI payment, to protect credit score, to meet unplanned medical expenses or for medical emergencies.

An emergency is a serious, unexpected, and often dangerous situation requiring immediate action. When life presents such a case, it threatens financial well-being and causes stress. At these times, is there enough cash available to pay for these unexpected expenses? Can you borrow money in an emergency? Could you get a loan from friends, family or your bank? Or would you rather have access to an easy online line of credit to handle emergencies? FlexSalary is the solution. It is the futuristic product.

The virtual unsecured personal Line of Credit will be extended from as little as two thousand to two lakh to qualified individuals in India.

Banks do not offer such products and only entertain borrowers who earn above a certain limit. If salaried individuals are looking for small loans for a few days, weeks, banks might not show interest, due to the costs they incur.

Now, such left-out borrowers can turn to an online platform like flexsalary.com.

None of the existing banks are leveraging technology for salaried lending. So we have built an entirely paperless lending platform which will revolutionize the way consumer loans are executed, says Srinath.

There is a gap in the Indian credit system, where there is a large under-served segment stretching across Organized and Unorganized sectors estimated to be as much as 40% of the consumer lending market. There are no existing solutions for these under-served customers, which are offering true risk-based pricing models thereby providing access at a fair price. There is a massive opportunity. India is a credit hungry economy. Alternative lending space is the solution, says Anil.

There is a regulatory and physical limitation for banks in meeting this burgeoning demand. With 7,935 towns and cities in the country, even the largest of the large banks have limited reach. Online lending and omni-channel customer acquisition can meet this unmet need, added Anil.

But, lending is not easy, Anil added quickly, so we built a robust system to provide personal loans instantly.

We, through an online platform, just work more like a bank on consumer lending. The Borrowers go through Know Your Customer (KYC) requirements. Using our proprietary machine learning-based Credit Decision Model we go beyond the traditional score as provided by CIBIL or Experian, so we layer in Income, Social, Spend Analysis, Educational, Employment, Behavioral and data to determine the true credit worthiness of the customer and their Ability to Repay.

The alternative lending space has shown strong signs of growth. USA and China are the two countries, which are making swift progress in the Online Lending space. The old rules of the game need to change. The traditional way of hunting for loans offline replaced with an online credit line. Because of customers comfort using smartphones coupled with technology the process of online loan disbursal even smoother with the arrival of India Stack (which includes Aadhar, e-KYC, e-Signatures and UPI).

Bolster Economic Growth Through Creative Industries: India’s USD 100 Billion Imperative

  • Creative economy has the potential to be a $100 billion industry within the decade
  • Narrow India’s skill gap, by adding 3 million new jobs by 2030 (on a conservative estimate)
  • Broadcasting industry contributes 48% of total size of the creative economy
  • 83% of appeals pending before TDSAT are from the broadcasting industry indicating a lack of ease in doing business
  • Policy implementation should provide adequate economic incentives and legislative protection, while balancing public interest of affordable access, in order to unlock the true value and potential of the creative economy

Digital India Foundation (DIF), a not-for-profit think tank aimed to foster digital inclusion and adoption, hosted the inaugural edition of ‘Create4India’. A forum where industry leaders and policy makers exchanged views on necessitating an ecosystem approach towards supporting the growth of India’s creative economy, backed by policies based on respect for Intellectual Property Rights (IPR) and Copyright. Contributing to the discussion, a report on ‘Promoting the Creative Economy: India’s USD 100 Billion Imperative’ was released by Koan Advisory, a research-driven advisory firm, combining legal, economic and investment expertise.

The key highlights of the report are as follows:

  • The ‘Creative Economy’ is a set of artists, musicians, small and large businesses, distributors and several content generators that comprise the Media & Entertainment industry
  • Adequate capital, available labour, mobile and internet based consumption trends are driving growth for the creative economy; lack of conducive policies is hampering growth
  • Creative economy has the potential to be a $100 billion industry within the decade
  • Narrow India’s skill gap, by adding 3 million new jobs by 2030 (on a conservative estimate)
  • Broadcasting industry contributes 48% of total size of the creative economy
  • Broadcasting organizations are restricted by regulation on channel pricing (bundling), mode and manner of offering channels for subscription, dependence on advertising revenues impacting quality, diversity of content and consumer choice
  • 83% of appeals pending before TDSAT are from the broadcasting industry indicating a lack of ease in doing business
  • Policy implementation should provide adequate economic incentives and legislative protection, while balancing public interest of affordable access, in order to unlock the true value and potential of the creative economy
  • Suggested way forward: Collective management to administer and protect rights owners’ interests, while facilitating easy access to copyright works by rights users and consumers

Supporting the findings of the report, Mr. Arvind Gupta, Founder, Digital India Foundation, said, “The current digital disruption and technological change has redefined the limits of human ingenuity and innovation, a phenomenon accelerated with ‘convergence’ in technologies and modes of content delivery. This convergence necessitates an ecosystem approach towards the creative economy’s growth and future regulation.”  Bringing perspective to the content consumption trends in India, he reiterated the need for creating new content that is, affordable, understandable and socially relevant for the India market.

Mr. Shashi Shekhar Vempati, CEO, Prasar Bharti, said “While native technology and artificial intelligence effectively guarantees impact, it is imperative to supplement it with creative minds, which exist in India and gives it an edge over the others. India possess a demographic uniqueness which places us ahead on the global map. What is lacking is an ecosystem to incentivise creators and insulate consumer experience.”

The panel discussions featuring industry stalwarts as Arun Thapar (EVP & Head of Content, AETN18 Media) and Vijay Nair (CEO, Only Much Louder) focussed on building a qualitative content driven framework, backed by digital disruption. Creating a significant digital presence in today’s era is not a luxury of choice, but a must have, to unleash the creative potential. Addressing the key ingredients of a robust creative economy, the panel necessitated the need for humanizing content, to make consumption more compelling and generation defining.

The second panel, led by Pushpendra Rai (Former Director World Intellectual Property Organization) deliberated that progressive policies backed by the right legislative intent is thus, quintessential to contribute to the success of this sector, not just to foster creativity, but to help in sustenance and growth of the creative economy.

Barkha Dutt (Author and contributing columnist), brought forth the content creator’s perspective stating that advertising dependence in media will always play to the lowest common denominator – the masses. What needs to be addressed is, how will India’s creative class emerge without a revenue model or an audience willing to pay for content.

In 2016, the National IPR Policy brought the administration of copyright under the Department of Industrial Policy and Promotion (DIPP) and highlighted the intrinsic linkages between commercialization, consumer choice and creativity. Indeed, the relative contribution of India’s creative economy to the GDP (0.9%), is less than most emerging market counterparts.

Wrapping up proceedings, Shri. R.S Sharma, Chairman, Telecom Regulatory Authority of India (TRAI), brought the regulators perspective to the discussion, sharing his belief in a transparent mechanism of open consultation with the industry and the stakeholders, with accountability to the people at large.

About Digital India Foundation

Digital India Foundation (DIF) is a non-for-profit trust founded by Arvind Gupta and designed as a think-tank aiming to foster digital inclusion and adoption, and the use of the Internet and related technologies for the developmental process.

The digital debate is a cross-cutting one. In India, and in the Indian social and socio-economic process, it aims to further and foster discussions on options and opportunities under the rubric of the entire ecosystem formulated by the Indian government and its Digital India programme (the name is coincidental; there is no direct connection between DIF and the government programme). DIF’s ambit of interest extends to but doesn’t stop at discussions and debates within the frameworks of Make In India, Smart Cities, Technology Inclusion, Digital Literacy, Participative Governance. Innovation Incubation, Software Product Procurement, E-Business and Disintermediation of Markets.

DIF will contribute to the transformation of Indian society, and help the public sphere leverage the force-multiplier capacities of technology.

Twitter: ​@DIFIndia

Wipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and Excelfore, a leading provider of middleware solutions for Smart Mobility Networks, today announced a global partnership to offer secure connectivity solutions for next generation smart and autonomous vehicles. This partnership combines Excelfore’s Smart Mobility Networks solutions with Wipro’s global systems integration and managed services expertise to enable connected car solutions for automotive original equipment manufacturers (OEMs) and Tier 1 equipment makers.

As part of this engagement, the two companies will enable scalable Ethernet AVB/TSN (Audio-Video Bridging/Time-Sensitive Networking) and Secure Full Vehicle FOTA/SOTA (Firmware/Software Over-The-Air) Update solutions for automotive manufacturers and smart mobility companies.

Wipro will also join Excelfore as a member of the eSync Alliance, a multi-company initiative for establishing compatibility among devices with common FOTA/SOTA and diagnostics APIs and middleware. These integrated solutions will enhance the connected car and autonomous driving experience along with accelerating the time to market for automotive OEMs and Tier 1 equipment makers.

John Slosar, Vice President and Global Head Automotive Electronics, Wipro Limited said, “Automotive OEMs seek to bring end-to-end secure networking solutions to market, with full vehicle over-the-air (OTA) updates at a global scale. Wipro’s partnership with Excelfore will enable the rapid deployment of these solutions in automobiles. This partnership enhances Wipro’s leadership position in the automotive engineering services market and strengthens our ability to support connected automotive initiatives of our global automobile customers.”

“Creating scalable and secure end-to-end connectivity is not just a question of technologies, but behaviors and disciplines. A system level architectural approach is needed, which takes into account networks and hardware in the vehicle, services in the cloud, and mechanisms of rolling out updates to vehicles, said Shrikant Acharya, Chief Technology Officer, Excelfore. “We are very excited to partner with Wipro. By combining Wipro’s service capabilities across Secure Connectivity Solutions for next generation smart and autonomous vehicles with Excelfore’s expertise in Smart Mobility Networks, together, we aim to deliver state-of-the-art connected automotive solutions for our customers.”

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

About Excelfore

Excelfore, located in Silicon Valley, is an innovative provider of cloud platform and connectivity applications for intelligent transportation. It provides middleware solutions for smart mobility networks that enable OEMs and suppliers to build the next generation of smart, autonomous and learning vehicles, fleets and associated infrastructure. Excelfore products include the eAVB™ protocol stack for in-vehicle Ethernet TSN (time-sensitive networking), as well as the cloud-to-vehicle eSync™ system for OTA updates, diagnostics and telematics www.excelfore.com

Excelfore is a registered trademark of Excelfore Corporation.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

It’s a HAT-TRICK for Sony Pictures Networks Distribution India Pvt. Ltd.

  • Amongst India’s Top 50 Best companies To Work For 2017
  • The only media company to win the Great Place to Work® Award laurel three years in a row

Sony Pictures Networks Distribution India Pvt. Ltd. (SPND), the distribution arm and wholly owned subsidiary of Sony Pictures Networks India (SPN), has been ranked as one of the best company to work for in the media industry by the Great Place to Work® Institute, for 2017. Sony Pictures Networks Distribution has been recognized as INDIA’s GREAT MID – SIZE WORKPLACES 2017 and ranked at the 5th position, amongst the TOP 50 companies. SPND is the only media company to be featured on this list for the third time in a row. This award was presented by the global research organisation – Great Place To Work® Institute, India in association with Mint.

The Great Place to Work® Institute is a firm that assists organisations to identify, create and sustain great workplaces through the development of high-trust cultures. In its 14th edition, India’s Best Companies to Work For study attracted participation from 219 organisations, ranging across industries, including a 7% participation from the media industry alone. This study was done with the most rigorous, credible and comprehensive methodologies to identify organizations in achievement of their goals.

Sony Pictures Networks Distribution India Pvt. Ltd. undertook the Trust Index Survey & Culture Audit People Practices assessment – a two lens model that measure employees’ perception and assesses management practices. Once again SPND surpassed the average industry percentage of positive responses measured through five parameters – credibility, respect, fairness, pride and camaraderie and raised the bar of their people practices over last year

According to the Institute’s research, a Great Place to Work® is one where the company’s framework is employee-centric and inculcates a sense of trust, pride and camaraderie amongst the employees. It is an indisputable fact today that creating a great workplace is an integral part of an organisation’s strategy. SPND believes in empowering its employees to achieve dynamic results which comes with the commitment towards the social, economic and intellectual growth of its diverse employees in an evolving ecosystem.

Comments:

NP Singh, CEO, Sony Pictures Networks India: 

“Every organization is shaped by its employees and for us to be recognized as a Great Place To Work is as best as it can get. This award is of immense significance to us as it resonates with our goal to Go-Beyond the ordinary and script the future that we want to belong to. Our values are co-shared by our employees and it reflects in our performance as well. I am extremely humbled by our employees’ commitment to our goals and determination to excel in every sphere.”

Rajesh Kaul, President, Distribution and Sports Business, Sony Pictures Networks India: 

“Being among the great places to work in India for a third time in a row is both, an honour and a responsibility. Our endeavour has always been to make Sony Pictures Networks Distribution an organization which nurtures employees as family and expresses its care for them not only via friendly policies but also by fulfilling their career expectations. We are privileged to receive this award and will continue to go-beyond in our endeavour to excel our own standards.” 

Hema Malhotra, Director – Human Resources, Sony Pictures Networks Distribution

“Great minds make SPND a Great Place to Work where our employees are the biggest asset of our organization, coupled with effective leadership, compelling employer brand and a high-performance culture. Our initiatives around learning and development, well-being, diversity and Inclusion are progressive and note-worthy, which are some of the tools to engage, motivate and retain employees. All this coupled with employee friendly practices create agility through innovation and help the organisation Go-beyond the ordinary.”

About Sony Pictures Networks India (SPN)

Sony Pictures Networks India (SPN), is a subsidiary of Sony Corporation which owns and operates the Sony Entertainment network of television channels.

SPN comprises 31 channels including Sony Entertainment Television (SET and SET HD), one of India’s leading Hindi general entertainment television channels; MAX, India’s premium Hindi movies and special events channel; MAX 2, another Hindi movie channel showcasing great India Cinema; MAX HD, a high definition Hindi movie channel airing premium quality films; WAH, the TA channel for Hindi movies; SAB and SAB HD the family-oriented Hindi comedy entertainment channels; PAL, a genre leader in rural Hindi speaking markets (HSM) showcasing the best of Hindi general entertainment and Hindi movies from SPN’s content library; PIX and PIX HD, the English movie channels; LePlex HD showing critically-acclaimed Hollywood films; AXN and AXN HD, the action and adventure-oriented English entertainment channels; Sony BBC Earth and Sony BBC Earth HD, the premium factual entertainment channels, Sony AATH, the Bangla entertainment channel; MIX a refreshing Hindi music channel; ROX HD, a channel for contemporary Hindi music; YAY!, the kids entertainment channel; Sports Network comprising 11 sports entertainment channels – SONY SIX, SONY SIX HD, SONY ESPN, SONY ESPN HD, SONY TEN 1, SONY TEN 1 HD, SONY TEN 2, SONY TEN 2 HD, SONY TEN 3, SONY TEN 3 HD, SONY TEN GOLF HD; SonyLIV – the digital entertainment VOD platform, SPN Productions, the networks‟ film production arm and Sony Pictures Networks Distribution Pvt Ltd. (SPND) that distributes the networks television channels across different genres and languages through multiple content delivery platforms. SPN reaches out to over 700 million viewers in India and is available in 167 countries.

The network has been awarded the elite title of “Aon Best Employers India” in the 2017 edition in recognition of SPN’s unique workplace culture and exceptional people practices.

Sony Pictures Networks India is in its 22nd year of operations in India.

Wipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and Excelfore, a leading provider of middleware solutions for Smart Mobility Networks, today announced a global partnership to offer secure connectivity solutions for next generation smart and autonomous vehicles. This partnership combines Excelfore’s Smart Mobility Networks solutions with Wipro’s global systems integration and managed services expertise to enable connected car solutions for automotive original equipment manufacturers (OEMs) and Tier 1 equipment makers.

As part of this engagement, the two companies will enable scalable Ethernet AVB/TSN (Audio-Video Bridging/Time-Sensitive Networking) and Secure Full Vehicle FOTA/SOTA (Firmware/Software Over-The-Air) Update solutions for automotive manufacturers and smart mobility companies.

Wipro will also join Excelfore as a member of the eSync Alliance, a multi-company initiative for establishing compatibility among devices with common FOTA/SOTA and diagnostics APIs and middleware. These integrated solutions will enhance the connected car and autonomous driving experience along with accelerating the time to market for automotive OEMs and Tier 1 equipment makers.

John Slosar, Vice President and Global Head Automotive Electronics, Wipro Limited said, “Automotive OEMs seek to bring end-to-end secure networking solutions to market, with full vehicle over-the-air (OTA) updates at a global scale. Wipro’s partnership with Excelfore will enable the rapid deployment of these solutions in automobiles. This partnership enhances Wipro’s leadership position in the automotive engineering services market and strengthens our ability to support connected automotive initiatives of our global automobile customers.”

“Creating scalable and secure end-to-end connectivity is not just a question of technologies, but behaviors and disciplines. A system level architectural approach is needed, which takes into account networks and hardware in the vehicle, services in the cloud, and mechanisms of rolling out updates to vehicles, said Shrikant Acharya, Chief Technology Officer, Excelfore. “We are very excited to partner with Wipro. By combining Wipro’s service capabilities across Secure Connectivity Solutions for next generation smart and autonomous vehicles with Excelfore’s expertise in Smart Mobility Networks, together, we aim to deliver state-of-the-art connected automotive solutions for our customers.”

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

About Excelfore

Excelfore, located in Silicon Valley, is an innovative provider of cloud platform and connectivity applications for intelligent transportation. It provides middleware solutions for smart mobility networks that enable OEMs and suppliers to build the next generation of smart, autonomous and learning vehicles, fleets and associated infrastructure. Excelfore products include the eAVB™ protocol stack for in-vehicle Ethernet TSN (time-sensitive networking), as well as the cloud-to-vehicle eSync™ system for OTA updates, diagnostics and telematics www.excelfore.com

Excelfore is a registered trademark of Excelfore Corporation.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

India Innovation Forum 2017 brings together Industry Stalwarts for a Dialogue on ‘Build for India’

The 3rd edition of India Innovation Forum (IIF) concluded successfully on July 23rd witnessing the presence of prominent industry stakeholders such as Entrepreneurs, VC and PE investors, corporate leaders and academic luminaries over the two days. The participants and key speakers included dynamic personalities like Anshu Gupta, Founder, Goonj; Dr. A. Velumani, Creator and MD, Thyrocare; Kanwaljit Singh, Founder, Fireside Ventures; Ajay Kumar Dixit, CEO, Alumina & Power – Vedanta Limited; Ishan Gupta, MD, Udacity India; Gaurav Singh Kushwaha, Founder & CEO, Bluestone.com; Ganesh Rengaswamy, Co-founder, Quona Capital; Mridual Arora, Principal, Saif Partners;  Sarajit Jha, Chief Digital Officer, Tata Steel, among others.

The focus of India Innovation Forum 2017 was on innovation focused on “Build for India”. The event aimed to serve as a platform for extensive discussion on opportunities prevailing in India as well as success stories based on the increasing local consumption across sectors, the needs and aspirations of Indian consumers and the potential for growth for big and small scale businesses.

Speaking on the occasion, Mohit Jain, Co-Founder, Northwest Executive Education said, “Innovation ecosystem in India is evolving constantly having seen dizzying heights and terrifying lows over the last few years and a critical aspect of this evolution for those who have successfully survived and grown is the unmitigated focus on the Indian consumer and consumer behaviour. With increased penetration of smart phones and easy and cost-effective accessibility to internet, the local market is now exploding like never before, creating exponential opportunities for small, medium and large businesses alike.”

Sessions at India Innovation Forum 2017 covered a wide variety of stimulating topics including “Innovating for Social Development”, “India centric innovation at large companies”, “Digital transformation of Businesses” and innovation stories across sectors such as Children’s nutrition, youth centric restaurant chain, education for the millenials, organic toys and developing rural entrepreneurship.

“Increasing local demand and consumption thereof across industries in India has created a highly optimum platform for entrepreneurship as well as innovation at multiple levels. “Build for India” is redefining the Innovation and entrepreneurial eco-system in the country and is expected to take both several notches higher. It has been our absolute privilege to hear some of the industry stalwarts share their expert knowledge and understanding on the subject over the two days of IIF, said Tamhant Jain, Co-Founder, Northwest Executive Education.

Reflecting on innovation in social sector, Anshu Gupta, Founder, Goonj said “Real India and its needs are quite different from India as represented in Data offered by various agencies and the picture is dismal. We need to build innovations that make tangible difference to millions of people by making focusing on basic needs such as clothing, livelihood and better living conditions.” He urged everyone to come forward and contribute in whatever limited way they can while keeping in mind that dignity of the receiver has to be preserved.

Dr. A. Velumani, who has built Thyrocare from ground up and has led it to one of the most successful IPO’s in India in recent past, spoke about his journey of coming from a background with limited means to creating an industry leading enterprise. He said “In India, an entrepreneur needs to focus on creating unique value proposition through innovation, charge customers less and create value by focusing on scale and operational efficiencies in value chain. It is possible and we are a live testament to the success of this formula”

Kanwaljit Singh, Founder, Fireside Ventures spoke about brands which are made for India and about his fund’s plan to invest in India centric consumer businesses. He said, “There are white spaces in several consumer oriented products and services for creating strong brands, one needs to find innovative value proposition and use new age marketing and distribution mechanisms allowing them to create brands at significantly lower costs as compared to traditional mechanisms”

More than 200 delegates attended the event spanning July 22nd and 23rd and comprised of senior leadership from prestigious organizations such as Aditya Birla Group, Tata Motors, Infosys, Wipro, SAP, Microsoft, Google, Amazon, ABB, McKinsey, among others.

India Innovation Forum, now in its third edition, is a premier event dedicated to fostering an active dialogue on innovation and to bring together like-minded people and organizations across industries that are at the forefront of working on innovation. IIF is a non-profit initiative, supported by executive education arms of top global business schools including UC Berkeley Haas School of Business, University of Chicago Booth School of Business, Yale School Of Management and UCLA Anderson School of Management.

About IIF

India Innovation Forum(IIF) powered by Northwest Executive Education is a platform to engage in a dialogue on Innovation. IIF aims to bring together Mentors who are at the forefront of working on Innovation across industries and functions, and Mentees who are Senior Executives from Corporate India alongside being students at Business Schools like University of Chicago, Yale SOM, UC Berkeley Haas School of Business and UCLA Anderson School of Management. IIF aims to explore various aspects, trends, best practices, and stakeholder perspectives on the Innovation ecosystem in India. It also intends to serve as a platform for more personal and small group interactions around opportunities, learnings and experiences focused on “Build for India”.

About Northwest

Northwest Executive Education provides long term executive education programs in collaboration with ace International Universities such as University of Chicago Booth School of Business, Yale SOM, UC Berkeley Haas School of Business, UCLA Anderson School of Management and USC Viterbi School of Engineering. It was established in 2012 and has regional presence in India, South Asia and Middle East while offering global programs. It has witnessed 300+ enrolments across India and the South Asia region into its programs since inception. It offers programs in multi modular format, including classroom sessions, real-time online sessions, asynchronous learning, workshops, tutorial support for academic content and action learning projects for program to assist with learning objectives. Program participants come from top MNCs and Indian corporates such as IBM, Microsoft, Google, Siemens, HP, Adobe, Thomson Reuters, Nestle, Samsung, Adidas, ICICI Bank, Axis Bank, TATA Group, Aditya Birla Group, Mahindra, Infosys, TCS, Wipro, Intel, RBS, with average working experience of 18+ years.

Piramal Finance Limited Recognised Amongst Top 10 India’s Great Mid-size Workplaces by Great Place to Work Institute

  • Piramal Finance ranked 4th in the Great mid-size Workplaces
  • The survey identified Piramal Finance for creating a culture of high performance and employee benefit

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited has been recognized as one of India’s Top 10 Great Mid-size Workplaces, 2017. The annual reputed survey that is conducted by Great Place to Work Institute has ranked Piramal Finance 4th for the MSME category over 650 organisations who participated in the survey this year.

For over 25 years, Great Place to Work® has been conducting pioneering research on the attributes of workplaces and is considered the benchmark for assessing and certifying great workplace cultures. Organisations make an effort to build trust and create an environment that delivers outstanding business performances. Over time, Great Place to Work has been distinguishing organizations’ efforts to make workplaces employee friendly and create a strong culture with employee value proposition.

Piramal Finance Ltd. has embarked on a comprehensive HR Transformation Journey through many efforts, one such effort is implementation of SEEDS (strategy for employee engagement & development support). SEEDS is a comprehensive research driven, collaborative HR strategy (covering the entire spectrum of HR) chalked out to meet the 2020 goals of the organisation. Piramal Finance was given the prestigious honour based on the annual Trust Index© by Great Places to Work’s employee assessment survey of 650 participating organizations in the MSME category, across the country.

Khushru Jijina, Managing Director, Piramal Finance Limited, said “At Piramal Finance, employees come together as a family, to work in the best interests of our organization. Piramal Finance has charted successful territories and paved new paths in the last few years, built on the foundation of unwavering commitment of our employees to this family. This award is a testament to the passion and dedication of our employees, in tandem with our constant efforts to enable a truly empowered work culture based on strong values.”

The survey analyses companies on a host of dimensions such as credibility, respect, fairness, pride and camaraderie. It also measures the company on factors including employee engagement, trust, work-life balance, career development, and rewards & recognition.

Piramal Finance Limited exceeded survey benchmarks across several areas covering innovation, diversity and workplace environment. 98% of employees participated in the survey and rated Piramal Finance in the following areas:

  • 93% employees felt pride in the company and looked forward to coming to work
  • 95% agreed to a strong sense of family and community in the organization – camaraderie
  • 96% of employees believe in the integrity of their management and that it is honest and ethical in its business practices

About Piramal Finance Limited: 

Piramal Finance is the financial services division of Piramal Enterprises, the flagship company of Piramal Group. Piramal Finance provides both wholesale and retail funding opportunities within real estate and non-real estate sectors (under its Corporate Finance Group). The platform is capable of funding across the entire capital stack ranging from early stage private equity, structured debt, senior secured debt, construction finance as well as Flexi Lease Rental Discounting (within real estate). Piramal Finance also has a third party fiduciary business advising institutional and retail investors alike through customized fund strategies such as the Mumbai Redevelopment Fund focused on slum rehabilitation and the Apartment Fund focused on bulk buying individual units as well as larger separate account mandates with leading global pension funds such as CPPIB, APG and Ivanhoe Cambridge. Piramal Finance has also recently set up a housing finance vertical and is awaiting the requisite licenses from the NHB before commencing full-fledged operations.

About Piramal Enterprises Limited: 

Piramal Enterprises Limited (PEL) is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Insights & Analytics and Financial Services. PEL’s consolidated revenues were over US$1.3 billion in FY2017, with 51% of revenues generated from outside India. In Pharma, through an end-to-end manufacturing capabilities across 13 global facilities and a large global distribution network to over 100 countries, PEL sells a portfolio of niche differentiated pharma products and provides an entire pool of pharma services (including in the areas of injectable, HPAPI etc.). The Company is also strengthening its presence in the Consumer Product segment in India.

PEL’s Healthcare Insights & Analytics business, Decision Resources Group, is the premier provider of healthcare analytics, data & insight products and services to the world’s leading pharma, biotech and medical technology companies and enables them to take informed business decisions.

In Financial Services, PEL, through its Piramal Fund Management Division, provides comprehensive financing solutions to real estate companies. The Division’s Corporate Finance Group (CFG) also provides senior and mezzanine growth capital to various businesses across varied sectors that are integral part of India’s growth story.

The Division has also launched Distressed Asset Investing platform that will invest in equity and/or debt in assets across sectors (other than real estate) to drive restructuring with active participation in turnaround. The total funds under management under all these businesses are ~US$5 billion. The Company has recently applied for HFC license. The Company also has strategic alliances with top global funds such as APG Asset Management, Bain Capital Credit, CPPIB Credit Investment Inc. and Ivanhoé Cambridge. PEL also has long term equity investments worth ~US$700 million in Shriram Group, a leading financial conglomerate in India.

PEL is listed on the BSE Limited and the National Stock Exchange of India Limited in India.

About Great Place to Work®

Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune 100 Best Companies to Work For® list and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium companies, as well as lists representing many different industries. Great Place to Work® provides executive advisory and culture consulting services to businesses, non-profits, and government agencies in over 50 countries across six continents.

Muscat Insurance Company Selects Beyontec Suite

Beyontec, a leading insurance information and technology firm specializing in providing configurable solutions to the P & C Insurance industry announced today that Muscat Insurance Company (MIC), one of the leading insurance companies in Oman has selected Beyontec as their preferred technology partner. Beyontec will implement their award-winning insurance solution Beyontec Suite for MIC.

After evaluating various available solutions, MIC concluded that the Beyontec Suite, a core solution suite that supports the complete policy lifecycle across wide variety of products, would help MIC achieve their goals to obtain market leadership. Beyontec’s proven delivery proposition will also provide MIC with the ability to introduce new products to market quickly.

“After a comprehensive evaluation and selection process that included Tender and Detailed Demonstration of Beyontec Suite, MIC chose Beyontec Suite in order to achieve our vision of becoming Oman’s leading Insurance Company” said Mr. Philip K Philip, Group CEO at MIC. As our Industry is in the process of consolidation, we have set certain ambitious growth plans for our group. It was important for us to select a right technology partner with an established delivery record and industry expertise to help us achieve our objectives.”

“Our workflow-driven Beyontec software, with its fully integrated modules crossing all activities in insurance transactions, will enable Muscat Insurance Company to quickly and completely respond to their Customers. It was a pleasure to meet people as committed to customer care as we are at Beyontec. We warmly welcome Muscat Insurance Company to the Beyontec family and we’re looking forward to long-term relationship,” said Mr. Vivek Sethia, Cofounder at Beyontec Solutions DMCC.

Beyontec Suite supports all lines of insurance business such as General, Life and Medical, enabling carriers to explore new product offerings and hybrid designs.

Beyontec and Muscat Insurance Company signed a strategic agreement to implement the Beyontec Suite on June 21, 2017.

About Muscat Insurance Company

Muscat insurance company was founded in 1995 as a public share holding co. In 1999 the company was restructured into an investment company Muscat National Holding S.A.O.G. listed on the Muscat Securities Market and its two 100% owned subsidiaries as Muscat Insurance Company SAOC (MIC) which markets all classes of general insurance and Muscat Life Assurance Company SAOC (MLAC) which markets life and health insurance products.

The Company has twenty locations and its head office is in Al Khuwair. New locations are being added to the current network. MIC’s focus is not to be the biggest in terms of market share but to maintain excellent service at all times, and to be ‘the best’ in Oman.

About Beyontec Solutions

Beyontec Solutions is a global insurance solution provider, addressing all aspects of insurance business including general insurance, Takaful, life insurance, medical insurance and Insurance Broking. The Beyontec Suite is a workflow driven solution designed to provide cost-effective solutions by focusing on our customers’ requirements and business challenges. Our diverse insurance experience and knowledge has enabled us to create solutions that incorporate the world’s best insurance practices. Supported by experienced insurance professionals and support centres equipped with secure infrastructure, we provide the best service and support to global insurance companies.

Website: www.beyontec.com

Enterprises’ Focus on Converged Infrastructure Accelerate Return on Investment Towards Network Asset Deployment

Cloud services supported by converged networks present huge opportunities for enterprises to make informed decisions and gain competitive advantages. Data is the new currency for the digital enterprise and high-speed, dedicated and secure network connections are crucial for decision makers to monetize data residing in the cloud. An integrated network with cloud services will ensure a secured network to deliver business-critical applications and data to support executives in their business decisions. Industry verticals, both traditional and emerging, are already investing heavily in networks as part of their “cloud-first” journey to leverage next-generation technologies, such as big data, artificial intelligence, blockchain and Internet of Things.

“Converged infrastructure offers a more evolved cloud platform to derive better cost efficiencies and time savings,” said Mayuri Ghosh, Senior Consulting Analyst, Digital Transformation (ICT) Practice, Frost & Sullivan. “Network-enabled cloud with next-generation security features will provide the reliability of a private network, such as multiprotocol label switching (MPLS) and Ethernet, allowing enterprises to take advantage of a flexible and multi-tenant, usage-based billing model.”

Converged Infrastructure Market provides insights on the future of convergent networks that yield cloud benefits. It includes value chain analysis of network and cloud service providers, industry verticals leveraging converged network and cloud technologies for business benefits, and key network technologies that are widely used to deploy cloud. Also discussed, is the roadmap for evolution of network services.

To access more information on this analysis, please click here.

Verticals that are currently adopting MPLS, Ethernet, and leased lines to create a seamless network experience include banking, financial services and insurance (BFSI), information technology (IT)/IT-enabled Services (ITes), manufacturing, eCommerce, services, retail, healthcare, and hospitality. Deploying network-enabled cloud will:

  • Allow cloud services to seamlessly fit into existing enterprise network architecture;
  • Act as an extension of the enterprise wide-area network (WAN), enabling remote employees and partners to connect to cloud-based applications in a secure manner;
  • Extend the flexibility of the cloud model to network services so that network resources can scale as required; and
  • Help enterprises take advantage of increased application performance resulting from improvements through network functions virtualization (NFV) and software-defined networking (SDN).

“Cloud and network value chain providers together can realize the network-enabled cloud for the enterprise,” said Ghosh. “For network value chain providers— including network managed service providers, Telcos, internet service providers, and network original equipment manufacturers—network ownership and maintenance is the key value proposition, and effectiveness is vital to success.”

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Website: http://ww2.frost.com

Social Media Handles – 

Messe Frankfurt India Announces Acquisition of Screen Print India Reinforcing its Leading Position in Print Segment

In another defining acquisition to strengthen its presence in the country, Messe Frankfurt India Trade Fair Pvt. Ltd., the Indian subsidiary of one of the world’s leading trade show organisers, Messe Frankfurt Exhibition GmbH, announced that it has acquired the rights of Screen Print India.

Having made its debut in 1994, Screen Print India exhibition is held biennially in Mumbai since its inception and has grown wider in scope covering not just screen printing but textile printing and digital printing. Previously owned and managed by Aditya Expositions Pvt. Ltd., the acquisition not only reinforces its position as a formidable player in the print sector but also broadens its scope in the textile technologies portfolio.

In 2014, Messe Frankfurt India acquired the rights of the International exhibition on indoor & outdoor advertising and signage solutions – Media Expo. Over 40 successful editions and record breaking figures year on year have made this the Industry’s most trusted trade platform for the printing, advertising and signage industries. The organiser feels that this new addition will only reinforce Messe Frankfurt leading position in print industry and provide a wider scope of exploring other related printing segments.

Mr. Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holding Ltd. said: “As the only dedicated show in this segment, Screen Print India accelerates our strategy to expand and enhance the offerings we provide to our customers and partners in the printing and textile sectors. By allowing both Media Expo and Screen Print India fairs to be independent of each other, we aim to develop the exhibitions in a more targeted and well-defined manner to suit their respective visitor profiles and market demands. Going forward, we also aim to expand the exhibit segments and develop the scale of the platform to that of internationally renowned exhibitions in this space.”

Printing is one of the biggest and fastest growing sectors in India and together with its allied sectors ranks second in the world in growth and supplies. Screen printing industry, in particular, has tremendous potential for expansion and diversification. There is a visible shift in the manual screen printing applications which goes beyond just printing visiting cards, letterheads, invitation etc. Today, screen printing is a technology-oriented process that has applications across commercial, garment, textiles and almost every industrial segment. 

As a platform dedicated to the screen printing industry for over two decades, Screen Print India focuses on new innovations and application areas in this technology-driven product segment.The latest edition in Mumbai 2016 featured 100 exhibitors, drawing around 7,000 professional visitors.

Mr. Devang Sheth, Managing Director of Aditya Exposition said: “The Screen Print India exhibition made its debut in 1994 and has become bigger in size, wider in scope and greater in significance. It has raised benchmarks for enhancing awareness, high-level networking, knowledge dissemination and industry bonding. Now, it is time to take it to the next level and under the aegis of Messe Frankfurt India Trade Fair Pvt. Ltd., Screen Print India will realize its true potential and soar to even greater heights.”

While the fair will continue to maintain a strong focus on screen printing machines, textile/garment printing materials, sublimation printing, digital and conventional printing presses, digital textile printers, wide format digital machinery, consumables & inks among others, the organiser aims to expand the exhibit segments to cover embroidery, garment and apparel printing in the coming years which will supplement its textile technologies portfolio.

The event will be part of the company’s Texpertise Network which is a combination of the world’s most important textile trade fair that highlight innovations and show what is driving the global textile industry. Committed to consolidating its Texpertise Network in one of the world’s high-growth textile and apparel markets, Mr. Olaf Schmidt, Vice President Textiles & Textile Technologies, Messe Frankfurt Exhibition GmbH said: “Digital printing is becoming more and more relevant for our textile shows over the last years. And the potential of digital printing solutions for the textile industry is growing a lot. Under the umbrella of our worldwide Texpertise Network, Screen Print India will now make the next big step in its development.”

The next Screen Print India will be held from 20 – 22 April 2018 at the Bombay Convention and Exhibition Centre in India. For more information about the exhibition, or any Messe Frankfurt fairs in India, please visit www.in.messefrankfurt.com

To learn more about our textile fairs worldwide, please visit: www.texpertise-network.com

Background information on Messe Frankfurt 

Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With some 2,400 employees at 30 locations, the company generates annual sales of over €640 million. Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.

With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).

For more information, please visit our website at: www.messefrankfurt.com

Wipro Develops Industry Focused Big Data Analytics-as-a-Service Platform on Microsoft Azure

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the availability of Data Discovery Platform, its big data analytics-as-a-service solution on Microsoft Azure. The solution accelerates insight-driven decision making through pre-built applications for specific industries, such as banking and financial services, retail, energy, education and manufacturing.

Wipro’s Data Discovery Platform will enable businesses to embark on an analytics journey with value added services of process simplification and business transformation to bridge the gap between the insights required by business and the information that is available. Wipro Data Discovery Platform is available in an outcome-based ‘pay-per-insight’ cloud delivery model. The platform leverages Microsoft’s Cortana Intelligence Suite which includes HDInsight, Stream Analytics, Data Lake Analytics, Machine Learning and Power BI to build analytical applications. Currently, fourteen Wipro Data Discovery Platform applications have been showcased on Microsoft Advanced Analytics Partner Solution Showcase

Wipro and Microsoft have collaborated on various aspects of the solution, including engineering, solution enhancements, and joint go-to market strategy.

“Together, Microsoft and Wipro have built an industry sector-specific apps ecosystem on the Data Discovery Platform. Today, the platform is a significant enabler of Analytics led Digital Transformation delivering Analytics-as-a-Service to organizations. We believe that this is a reflection of the Wipro Data Discovery Platform’s maturity and Microsoft’s confidence in the prowess of this platform,” said Pallab Deb, Vice President & Global Head – Analytics, Wipro Limited.

“Wipro’s Data Discovery Platform is a leading example of leveraging the data and Artificial Intelligence (AI) capabilities of Microsoft Azure cloud to build novel domain-specific business applications across industry verticals. By developing pre-built domain specific apps on the platform, Wipro is able to accelerate time-to-value while ensuring scalability and performance. Wipro is well-positioned to build effective systems of intelligence for clients with the power of Cortana Intelligence, Power BI and Azure,” said Joseph Sirosh, Corporate VP, Cloud AI Platform, Microsoft.

Wipro and Microsoft have been strategic partners for decades. Wipro has demonstrated its commitment to this relationship by investing in new industry-leading solutions for customers on the Azure platform.

To learn more about Wipro’s Data Discovery Platform, visit http://www.wipro.com/microsite/ddp/

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

L&T Technology Services Rated in the Leadership Zone across 7 Unique Expertise Areas for Zinnov Zones IoT

  • LTTS positioned as an Expansive & Established player for second year in a row
  • LTTS in the IoT Leadership Zone across Product Engineering, Advisory & Consulting, Platform and Application Competency, Sensors & Devices Competency, Communications Competency, System Integration & Big Data

L&T Technology Services Limited (LTTS), a leading global pure play engineering services company, has been rated as an Expansive andEstablished player in the Zinnov Zones 2017 IoT Technology Services study and in the Leadership Zone across seven unique expertise areas.

Zinnov rated LTTS as an Expansive and Established player for the second successive year. LTTS has been recognized in the leadership zone infive new expertise areas as compared to last year’s ‘Zinnov Zones 2016 IoT Technology Services’ ratings.

Along with Product Engineering and Sensors & Devices Competency where LTTS was rated in the Leadership Zone in 2016, the company has been rated in the Leadership Zone in five new areas- Platform and Application Competency, Advisory and Consulting, System Integration, Communications Competency & Big Data.

Overall, LTTS has been rated among the leading players in the Zinnov Zones IoT report on account of the company’s multi-vertical multi-domain expertise, its significant investments in innovation labs, a robust innovation-led portfolio and the complexity of IoT projects executed for global customers.

“L&T Technology Services is pleased to be recognized by Zinnov as an Expansive and Established leader for the second consecutive year, and also in the Leadership Zone across five new IoT expertise areas. Emerging technologies across platforms, sensors, communication and big data are enabling OEMs to provide differentiated benefits to its end customers,” said Mr Bhupendra Bhate, Chief Digital Officer, L&T Technology Services Limited.

“LTTS is helping create a global IoT ecosystem along with OEMs through its diverse sector capabilities and deep domain knowledge. The Zinnov recognition validates LTTS as a one-stop-solution provider enabling customers to expand and grow in the current digitally charged environment,”Mr Bhate said.

“L&T Technology Services’ deep multi-vertical expertise, rich IP portfolio such as UBIQWeise™, iBEMS, W.A.G.E.S and innovation focused multi-domain labs gives it a clear advantage over its peers. Some of LTTS’ innovative work with its global clients in niche areas such as NB-IoT, Sensor Fusion, Robotics, Machine Vision, Micro-Electro-Mechanical Systems (MEMS) and Long-Term Evolution (LTE) also positions it as one of the pioneers in the IoT services space,” said Mr Sidhant Rastogi, Partner & Practice Head, Zinnov. 

Zinnov Zones is an annual rating published by Zinnov which rates Service Providers based on their competencies and capabilities. Since 2009, Zinnov Zones (previously known as GSPR – Global Service Provider Ratings) has become one of the most trusted reports globally, for both enterprises and service providers to better understand the vendor eco-system in multiple domains. For additional details, please visit :https://www.slideshare.net/zinnov/zinnov-zones-for-iot-services

About L&T Technology Services Limited:

L&T Technology Services Limited is a publicly listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D Services (ER&D) and addressing global customers including 52 Fortune 500 companies and 48 of the world’s top ER&D spenders. A leading global pure-play engineering services company, L&T Technology Services offers consultancy, design, development and testing services across the product and process development life cycle for industrial products, medical devices, transportation, telecom & hi-tech, and the process industry. Digital Engineering portfolio of offerings from L&T Technology Services help build Smart Products & Services and offer Smart Manufacturing services and solutions to customers. The company also offers services and solutions in software engineering, embedded systems, mechanical & manufacturing engineering, value engineering and plant & process engineering. Headquartered in India, L&T Technology Services Limited has around 11,000 employees, 12 global delivery centers in India and overseas, 27 sales offices in India, North America Europe, the Middle East and Asia and 34 labs in India as of March 31, 2017. For additional information about L&T Technology Services log on to www.LntTechservices.com

About Zinnov: 

Zinnov was founded in 2002, with presence in Bangalore, Gurgaon, Silicon Valley, and Houston. Since its inception, Zinnov has built in-depth expertise in Product Engineering and Digital Transformation. With a strong foundation in Research and Strategy Consulting they enable their clients to accelerate growth and create efficiencies through innovation, productivity, technology, networked economies and cost savings. They work with clients in the Software, Automotive, Telecom & Networking, Consumer Electronics, Storage, Healthcare, Financial Services & Retail, Semiconductor verticals in US, Europe, Japan & India.

For any further media queries, please contact Nitika Goel at media@zinnov.com

Renowned Facial Plastic Surgeon Dr. Debraj Shome Awarded as Indian of the Year at India Leadership Conclave 2017

World Renowned facial plastic surgeon Dr. Debraj Shome has been awarded with the prestigious ‘Indian of the Year’ award at the 8th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2017, held in Mumbai on 4th August 2017.

India Leadership Conclave & Indian Affairs Business Leadership awards which are also known as the ‘ILC Power Brand’ were instituted by the Network 7 media group in the year 2009 to felicitate individuals as well as organizations for their relentless hard work and unequalled contributions in six different categories. The awards are given to individuals and companies who have achieved stellar heights of success in their chosen fields while having the courage to tread on the unknown path of innovation. The recipients of this eminent award are chosen based on their contribution to their respective field and also the positive impact they have made on society. The jury members chose Dr. Shome through a systematic and transparent method, for this prestigious award.

Dr. Debraj Shome has been awarded with the ‘Indian of the Year’ for 2017, for reaching remarkable heights of success in facial plastic and cosmetic surgery and research. Dr. Debraj Shome is the top facial plastic and cosmetic surgeon in India and his talent and hard work have been recognized by many other agencies and organizations over the years. Four distinct prestigious fellowships make him an illustrious figure in the field of facial plastic surgery.

Dr. Debraj Shome is famous for handling some of the most complex facial plastic surgical cases some of which have even made the headlines throughout the country. He recently made headlines for performing the first ever nasal reconstruction in India on a patient suffering from a rare genetic disease known as ectodermal dysplasia. He performed this rare surgery using rib cartilage. Dr. Debraj Shome is known for venturing on lesser treaded paths of surgery which is reflective of his distinct leadership qualities which were aptly recognized by ILC Power Brands 2017. Dr. Debraj Shome also has made the country proud by being one of the few innovators from India to receive a US Patent from the United States Patent Office for his completely indigenous invention known as QR678 hair growth factor, along with co-inventor Dr. Rinky Kapoor. With this invention, Dr. Debraj Shome & Dr. Rinky Kapoor have helped thousands of patients who were suffering from tenaciously persistent hair fall.

Dr. Debraj Shome is determined to not only revolutionize the world of facial plastic and cosmetic surgery, he is also relentlessly making his contribution to the society through The Debabrata-Auro Foundation which works for the noble cause of helping underprivileged women and children and provide them with a life of dignity. Ever since its inception, The Debabrata-Auro Foundation has touched the lives of hundreds of people by imparting them with the right life skills and resources. Dr. Debraj’s active involvement and humanitarian approach to people’ needs coupled with his immense medical knowledge have made The Debabrata-Auro Foundation a huge success story in a very short time.

Speaking at the event, Dr. Shome said “It is a matter of great pride to win this extremely prestigious and coveted award. I am sure there are many much more deserving folks who should have received this, far earlier than me. I just consider myself inordinately lucky to have been considered and accept the award humbly, with folded hands, on behalf of the entire medical community, which is doing India proud by taking Indian healthcare to a position of prime excellence globally.” Dr. Shome has multiple awards to his credit and the latest award of being the ‘Indian of the Year’ at a very young age once again showcases his surgical excellence and passion.

The Indian Affairs event also had Dr. Rinky Kapoor, co-founder of The Esthetic Clinics, participate in a debate on Cosmetology & Skin Care in India.

About The Esthetic Clinics:

The Esthetic Clinics are a chain of world class centers for plastic surgery, cosmetic surgery and skin, hair care. Currently the centers are in Mumbai, India. These centers are founded and headed by the internationally renowned and trained Facial Plastic Surgeon, Dr. Debraj Shome and Dr. Rinky Kapoor, an internationally renowned Cosmetic Dermatologist. We offer the complete array of treatments for any abnormality affecting the face and skin.