Tally Solutions in Association with SMEStreet Conducts GST Preparedness Study among SMEs
Tally Solutions Pvt Ltd, the premier Indian Enterprise software company in association with SMEStreet, an online publication dedicated to the cause of SMEs and MSMEs in India, today announced the results of a study conducted among MSME business owners-GST Preparedness Index.
More than 750 business owners participate in the study conducted by SMEStreet and the results indicate that there is a fair distance to traverse before India Inc becomes GST ready. Some of the highlights of the survey include:
- 66% respondents have not adopted a software for GST yet
- 72% have not heard of invoice matching (one of the fundamentals of GST)
- The 40% figure on a lack of GST awareness further drives home this state
Speaking on how Tally has solved for some of the problem statements that have emerged, Mr. Tejas Goenka, Executive Director – Tally Solutions said, “While the survey has definitely raised some key issues which need to be dealt with, we at Tally are happy that we have already provided some solutions. On the education front, our exclusive GST awareness blog (blogs.tallysolutions.com) has been in the running for almost a year now. We launched our GST ready software more than 3 weeks back which promises ease of use and simplicity like all our earlier products and GST billing from Day 1. It has already been downloaded more than 1.5 million times. For those businesses who haven’t automated yet, we have partnered with CAIT and Acer India to bring Biz Guru, a one stop plug and play solution for accounting and GST which couples Acer’s hardware and pre-installed GST ready Tally.ERP 9. We are committed to helping business across the country be GST compliant.”
Commenting on the findings of the survey, Faiz Askari, Founder Editor of SMEStreet said, “GST is definitely the biggest game changer for the economy and society as a whole. If we keep aside the large businesses, it the MSME which dominates the economy in terms of size and scale and contributes significantly in almost every field of economy. Since SMEStreet is committed towards the MSME segment, we felt a strong need to understand the on ground reality with respect to the preparedness of this segment, hence we decided to do this survey. We are thankful to Tally for their support in conducting this survey. We utilized our online platform, social media channels etc. and got a phenomenal response in less than a fortnight. The survey finding shows that there is a huge amount of confusion among MSMEs which needs to get addressed quickly in order to make the system work smoothly. GST Preparedness Index is an effort to showcase the on ground status of financial preparedness among MSMEs.”
About Tally Solutions
Tally Solutions Pvt. Ltd. is a pioneer in the business software products arena. Since its inception in 1986, Tally’s simple yet powerful products have been revolutionizing the way businesses run. Having delivered path breaking technology consistently for more than 3 decades, Tally symbolizes unmatched innovation and leadership. Today, it caters to millions of users across industries in over 100 countries and continues unchallenged as the industry leader in the enterprise resource planning software domain. The company is also a qualified GSP (GST Suvidha Provider). For more, info www.tallysolutions.com.
With an urge to serve the much-needed service to the Indian SMEs, http://smestreet.in/ is created to become a dynamic knowledge sharing platform for SMEs. A platform on which SMEs can not only expect valued content for their business growth but also network with experts who can guide them to achieve growth.As part of Vertical Business Media Pvt.Ltd. SMEStreet.in is an initiative dedicated to contributing to Indian SMEs’ growth.This portal has established a direct engagement with SMEs. As part of this direct engagement, there are four critical elements of SMEStreet.in. A strong offline action plan is designed for such engagement. This offline plan includes events, panel discussions and power interactions at SME’s door step.
36 Percent More Active Digital Display Advertisers Detected for India from Last Month
The whole world is going digital and so is digital advertising with advertisers vying hard to capture quality publishers. In turn, there are a lot more publishers competing for marketers too. And both sides are constantly looking at new tech and services to grab a larger piece of pie from the competition.
Adby Ventures, an opportunity consulting company, along with BiScience presents the tools to beat the competition at its own game with its competitive media buying intelligence services. The company offers data as a service where a marketer or a publisher can look at their competitor’s advertising, sales and communication strategy on desktop, mobile and web, including their distribution on publishers, mediators, campaigns and creative details.
Vivek Singh, Co-founder at Adby Ventures and ex-SVP Marketing at FirstCry, says, “Like in the field of sports, having a hold on your competition’s strategy helps you win the game. On the other hand, an inside-out view limits your vision. I’ve spent hundreds of crores on marketing but all the available analytics couldn’t give me an idea of the unseen possibilities. At Adby, we’re empowering marketers by bringing in those competitive insights.”
“BiScience acknowledges the potential of the Indian market by deploying the best digital ad intelligence platform to cover the Indian market, and partnering with Adby Ventures to provide valuable BI to the great businesses in India,” says Shai Etzion, Chief Revenue Officer for BiScience.
The company is already working with HDFC Life, HT Media, RummyCircle, Jagran, MoneyControl, JungleeGames, Vodafone, Maxus, Mindshare/GroupM, Angelbroking, FirstPost, News18, Birla Sunlife, Marks&Spencer, LogicServe and more their offices in Bangalore and Gurgaon.
About Adby Ventures:
Adby Ventures specializes in Opportunity Consulting for brands and business leaders to identify, unlock and create opportunities through Courage, Intelligence, & Innovation. Adby Ventures make cutting edge technologies from all over the world available for businesses in Asia and the Middle East. The focus of the company lies in providing intelligence and revenue opportunities to marketers, agencies & publishers who intent on leveraging the digital universe.
BiScience is a software technology company providing a suite of marketing intelligence solutions including AdClarity UI and Dashboards, which allow CMOs, Marketers and Agencies to uncover their competitors’ most successful digital advertising campaigns and traffic sources, on Display, Mobile, Video and In-App. The renowned proxy solution, GeoSurf, enables media experts to QA their online content and scrape the web in over 120 different locations. With GeoSurf one can also verify installation flows, run proprietary scripts, QA geo-targeted applications, and verify geo-specific installations through BiScience’s global premium proxy network.
Travel Tech Startup TRAVELSPICE Expands Use of Microsoft Azure
Travel technology start-up, TRAVELSPICE, today announced increased use of data analytics, machine learning, BOT services and the scalable infrastructure offered by Microsoft Azure to support India’s only and rapidly growing e-commerce hotel booking platform. TRAVELSPICE is exclusively designed for flexible and brand agnostic customers who decide the price they want to pay for a particular area and hotel star rating. These customers pay in advance to get a confirmed booking at their price in less than three hours. The TRAVELSPICE solution will help save its customers a guaranteed 32% on top of the lowest available market prices.
Microsoft Azure lets TRAVELSPICE analyse site traffic, conversions and keep the eCommerce platform secure and compliant. TRAVELSPICE benefits by paying only for the capacity it uses while enabling it to handle predictable and unpredictable demand. With the help of Microsoft Azure, including its BOT services, TRAVELSPICE is able to solely focus on enhancing customer experience.
Talking about the huge potential in the partnership, Mr. Vijaymohan Avullapati, CTO, TRAVELSPICE, commented “Moving to Azure was a very conscious decision we made, which paid off. With features such as auto scaling, auto backups, A/B Testing for comparing different versions of web app to see which one performs better and deeply integrated Analytics, Azure saved us countless human hours and reduced error, providing more room to solve our customer problems. With increased use of machine learning and BOT services of Microsoft, we will continue to be ahead of our fast growing consumer demand.”
Talking about the collaboration, Mr. Rajiv Sodhi, Commercial Partner Leader, Microsoft India said, “It is extremely exciting to see the innovations TRAVELSPICE is bringing to the market. We are excited to provide the Digital transformation platform for TRAVELSPICE to innovate and build on our Hyper Secure and Hyper Scalable cloud.”
TRAVELSPICE is a discount online hotel booking technology platform that offers low priced star hotel rooms in India through a unique model. The hotel name is not revealed to the purchaser until the transaction has been completed. TRAVELSPICE allows hoteliers to offer uniquely low prices on their unsold inventory without competing against their other retail channels or tarnishing their brand reputation. The traveller is able to enjoy unique discounts that are NOT available anywhere else.
Co-founded by Ramu Kallepalli, Prashant Mitta and Ankit Manglik, TRAVELSPICE is data analytics driven travel tech e-commerce platform for consumers and hotel partners catering 1-Star to 5-Star hotels in 213+ cities in India and 7 short haul destinations abroad. TRAVELSPICE is India’s only and rapidly growing opaque hotel e-commerce platform, which targets brand-agnostic and value-conscious consumers, providing discounts of up to 70% on hotel bookings. Hotels benefit, too, as they can fill perishable room inventory with fully paid and non-refundable bookings without diluting their brand or cannibalising their existing sales channels. TRAVELSPICE has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures recently and plans to raise Series A round in next 9 months. TRAVELSPICE is headquartered in Bangalore, India. More information about TRAVELSPICE can be found online at www.travelspice.com
Wipro Wins Managed Services Engagement with Grameenphone
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that it has won a five-year IT infrastructure and applications managed services engagement with Grameenphone (GP), a leading telecom operator in Bangladesh.
Grameenphone Ltd. is the largest mobile telecommunications operator in Bangladesh, majority owned by Telenor Group, one of the world’s major mobile operators.
Wipro will be managing the complete IT landscape for GP, leveraging Wipro HOLMES. As part of the contract Wipro will own end-to-end application development and management, infrastructure support and maintenance and back office processes for GP.
This partnership closely aligns with Wipro’s vision to localize, expand its presence and explore new businesses opportunities in the country. Wipro will be setting up a new delivery centre in Bangladesh.
“We selected Wipro as the partner to offer Managed services for Grameenphone based on a thorough evaluation process, and we are very proud of being able to attract a world class organization like Wipro to Bangladesh. We have full trust in this partnership to deliver the business results as per plan,” said Michael Foley, Chief Executive Officer, Grameenphone Limited.
“We are delighted to have been chosen by Grameenphone as the strategic partner for this engagement, which will leverage both our domain expertise and industry leading AI platform- Wipro HOLMES. Telenor is a strategic client for us and this engagement further strengthens our relationship with Telenor,” said Anil K Jain, Senior Vice President & Global Head – Communications Business Unit, Wipro Limited.
Grameenphone Ltd., part of Telenor Group, is the largest mobile telecommunications operator in Bangladesh in terms of revenue, coverage and subscriber base. The company was incorporated on 10 October 1996 as a private limited company. The company operates a digital mobile telecommunications network based on the GSM standard in the 900 MHz, 1800 MHz and 2100 Mhz frequency bands, under license granted by the Bangladesh Telecommunication Regulatory Commission (BTRC).
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.
Everstone Backed Everise and Leading Korean BPO Firm UBASE Sign MoU for Joint Venture
Everise, a partnership between Sunrise and Everstone, has signed a MoU with UBASE, a leading Korean BPO service company, to create a joint venture that will be based in Singapore. This joint venture aligns two unique BPO companies to provide an unparalleled global service experience.
Through Everise’s operating unit, C3/CustomerContactChannels, UBASE will be able to expand its offerings to include English speaking call centre services based in the Far East. Similarly, C3 will be able to provide support to its clients, through UBASE, in the U.S. looking for services in Japanese, Chinese and Korean.
Everise-owned C3, headquartered in the U.S., provides support in English and Spanish from eight contact centres located across the U.S., Philippines and Latin America. With over 8,000 employees worldwide, the company is committed to delivering the most powerful customer experience possible by applying innovative thought leadership into every aspect of their business. C3 supports its brand-focused client base with superior analytics, processes and training methodologies that maximize each and every customer experience. The company’s clientele spans a variety of industries including healthcare, travel and hospitality, telecommunications, and transportation.
UBASE, the biggest call centre company in Korea, shares Everise’s forward-thinking style of managing client and customer relationships. With operations starting in 1999, UBASE currently has over 13,000 seats that provide top tier customer contact support to Korea, China and Japan. Its market includes both domestic Korean companies as well as large local and global multinational companies.
In addition to the expansion of both companies’ service footprints, the joint venture will set up a new delivery hub in Malaysia to offer a one stop shop for multilingual solutions. The new centre will have the capability to service all major languages across Southeast Asia and the Far East regions at a lower cost while maintaining the high-quality standards that clients expect of both firms. It will also support multiple European languages.
The unique business proposition will be delivered by hiring native speakers. This will eliminate the need for clients to engage with either multiple regional partners or insourced solutions to achieve the best language capabilities for its customer base in the region. By having native speakersproviding the support for native speakers, the entire customer experience will be significantly elevated. The new hub will be set up in Kuala Lumpur, Malaysia, and is expected to be fully operational by the end of the year.
On the signing of the MoU, Daegun Hur, CEO, UBASE states “We are very enthusiastic about our partnership with Everise Holdings and C3 as it broadens our gamut of services to better serve our clients beyond Korea and the Far East. This comes as we continue our growth and expansion. We are looking forward to taking this partnership to the next level in the years to come.”
Sudhir Agarwal, CEO of Everise and C3, says, “At Everise, we are on a journey to build an experience company where we leverage cutting edge technology and Omni channel delivery to create fans for our clients, not just satisfied customers.”
“In a market that is dominated by domestic players serving domestic customers, we intend to offer a truly globalized service to allow our existing sets of customers to reach out to new regions for increasing business. I am extremely delighted to enter this joint venture with UBASE and to collectively heighten each company’s ability to provide the best possible experience for our clients’ customers,” Agarwal added.
“Everstone is thrilled to support Everise’s association with UBASE. This will improve the efficiencies of both UBASE and C3 while allowing them to serve their clients more effectively and in new regions,” said Atul Kapur, co-founder & managing partner of Everstone Capital. “What makes it interesting is the fact that the BPO market in the Far East/Southeast Asia is estimated to be around $40 billion, which makes us optimistic about the potential of this collaboration.”
Everise is a Singapore based Company which is owned by Sunrise and Everstone. Everise’s vision is to create a USD 500 million Experience Company in the BPO Industry. In December of 2016, Everise acquired C3/CustomerContactChannels, a US-based BPO Company.The Everstone Group, co-owner of Everise, is a premier India and Southeast Asia focused private equity and real estate investment firm with assets under management of approximately US $4 billion. Sunrise BPO Pte. Ltd. is a Singapore-based Business Process management (“BPO”) company with the business mission to be the world’s foremost integrated customer service solution provider, focused on the Americas and the Far East markets.
UBASE is the biggest BPO Company in Korea, specializing in Customer Care. Its own 13,000 seat capacity gives unique scale economies, which enables the company host a strong portfolio of clients from major Korean firms like Samsung, Hyundai, LG, and SK to top global service firms.It is now expanding its service offerings from new areas such as sales channel management; warranty service to new solutions like market analysis report & AI enabled VOC analysis. Its multi-language service of Korean, Japanese, and Chinese is expected to reach 1,000 agents in 2018
C3 provides a full range of customer contact management services for corporate clients in healthcare, financial services, telecommunications, energy and utilities, media, travel, retail, logistics, hospitality, and government services industries, from both U.S. and international locations. C3 provides multi-lingual support to clients and has eight operating centres across the U.S., the Philippines and Latin America, with over 8,000 employees. With every client, customer, and employee experience, C3 maintains one simple goal, “We’ll make a fan out of you.” C3’s US headquarters is in Plantation, Florida. Visit www.c3connect.com
Indian Logistics Industry to Experience Higher Investments with the Passing of Industry Tax Reforms and Advances in Technology
The Government of India’s strong emphasis on manufacturing and initiatives such as “Make in India” is boosting domestic production, which is bolstering the logistics industry. Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services. These services will provide visibility across the supply chain and transform it into an organized industry. Some of the advanced technologies adopted include automated storage and retrieval systems (ASRS) in warehouse and transportation, radio frequency identification (RFID) in place of bar codes, and global positioning system (GPS) for real-time tracking.
“In addition to riding the digital wave, logistics companies in India are strategizing for the transition from indirect taxation to goods and service tax (GST). The simplified tax structure will benefit the warehousing industry and reduce logistics costs by up to 2.5%,” said Senthil Kumar Subbiah, Research Analyst, Supply Chain & Logistics Transformation Practice, Frost & Sullivan. “This tax reform, along with land and labor market reforms, will improve the efficiency of both transportation and freight forwarding.”
Indian Logistics Industry – Growth Insights and Forecast to 2020 is part of the Supply Chain & Logistics Transformation team’s Growth Partnership Subscription. According to the study, investments in infrastructure development across all modes of transportation, relaxed foreign direct investment regulations, implementation of GST, and increased technology adoption are altering the Indian logistics industry.
To access more information on this analysis, please click here.
Meanwhile, the increasing influx of international logistics service providers (LSPs) are prompting third-party logistics (3PLs) and domestic LSPs to expand their footprint and focus on transportation service, warehousing and freight forwarding. It will also open up opportunities for partnerships, and domestic logistics companies will have access to the modern technologies introduced by global service providers. Logistics services in India will greatly benefit from the development of transportation and logistics-related infrastructure, such as dedicated freight corridors, logistics parks, free-trade warehousing zones, port modernization, and container freight stations.
“Another major influence on the logistics industry is the ubiquity of smart phones and internet, and the consequent rise of e-Commerce. As more than 30% of the Indian population resides in tier II and tier III cities, e-Commerce sites receive more orders from these cities,” noted Subbiah. “To provide better services to customers, e-Commerce firms are demanding bigger and more efficient warehouses, faster delivery options and improved last-mile connectivity, which translates to a plethora of business opportunities for 3PL companies and logistics startups.”
Overall, LSPs are leveraging technologies such as Big Data and cloud-based application platforms for better order fulfillment and tracking of shipments. The modernization of logistics infrastructure and government support will go a long way in advancing the Indian logistics industry.
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?
PerkinElmer India Opens Centre of Excellence at Indian Institute of Science Education and Research (IISER) Pune
PerkinElmer, Inc., a global leader committed to innovating for a healthier world, today announced PerkinElmer India’s opening of a Centre of Excellence at Indian Institute of Science Education and Research (IISER), Pune. As a cutting-edge instrumentation facility, PerkinElmer-IISER Pune Centre of Excellence will help educate the region’s current and future scientists on high-throughput analyses in life sciences.
The facility will house instruments such as high content analysis and automated liquid handling workstations, plate readers, and those for multispectral imaging and DNA/RNA analysis. The Centre plans to hold annual workshops that will be open to scientists across India.
According to Jayashree Thacker, President, PerkinElmer India, “This collaboration is another step toward supporting the Skill India campaign, which helps researchers and students develop advanced competencies in life sciences research.”
She further added, “The opening of this new facility and our collaboration with IISER supports the expansion of PerkinElmer and our relationships with leading research organizations in India, further positioning us to deliver innovative solutions for our customers.”
Speaking at the event, Prof K N Ganesh, Director IISER, Pune said, “This Centre is an example of an exemplary industry-academia collaboration. The advanced bio-analytical set up by Perkin Elmer will not only hone the analytical skills of undergraduate students’ but also elevate their understanding of interdisciplinary science and will nurture the Institute mandate of integrating teaching with state-of the-art research.”
About PerkinElmer India
Since 1981, PerkinElmer has offered instruments and services to customers in India, spanning a wide range of markets including diagnostics, pharmaceutical, food safety, agriculture, chemical, plastics and automotive. The Company established direct operations in India in 2004 and currently has more than 10,000 customers and over 450 employees in India.
In early 2016, PerkinElmer opened a laboratory in Chennai, Tamil Nadu, to respond to the growing need for easier access to technologies that screen for and help diagnose prenatal and neonatal conditions.
About PerkinElmer, Inc
PerkinElmer is a global leader committed to innovating for a healthier world. Our dedicated team of 9,000 employees worldwide is passionate about providing customers with an unmatched experience as they help solve critical issues especially impacting the diagnostics, discovery and analytical solutions markets. Our innovative detection, imaging, informatics and service capabilities, combined with deep market knowledge and expertise, help customers gain earlier and more accurate insights to improve lives and the world around us. The Company reported revenue of approximately $2.1 billion in 2016, serves customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through 1-877-PKI-NYSE, or at www.perkinelmer.com.
About IISER Pune
Indian Institute of Science Education and Research (IISER) Pune is a teaching and research institute set up in 2006 by the MHRD, Govt of India with the primary goal of integrating high quality research with undergraduate teaching to improve science education in India and to enhance the number and quality of future researchers of the country. The institute offers a 5-year BS MS dual degree program, Integrated-PhD programs for bachelor level students, and PhD programs for Master’s level students in various disciplines of science and mathematics. Ranked 29 in 2016 National Institutional Ranking Framework, IISER Pune is among the top research and teaching organizations in India.
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CSS Corp Wins Silver Stevie® in 2017 International Business Awards℠
CSS Corp, a new age IT services and technology support company, was named the winner of a Silver Stevie® Award in the Best New Product or Service of the Year – Software – Platform as a Service category at The 14th Annual International Business Awards 2017. CSS Corp was conferred the recognition for its proprietary Artificial Intelligence (AI) platform, Yodaa.
Yodaa is a highly personalized virtual assistant, which integrates with all customer channels like voice, email, chat and website across devices, and offers context-driven, real-time support with a human-like interaction to resolve customers’ needs.
Speaking on the recognition, Manish Tandon, Chief Executive Officer, CSS Corp said, “Winning Stevie International Business Awards is a milestone for CSS Corp. We are honored to be recognized as an industry leader in innovation. Automation and AI are becoming major game changers in the world of technology and business. At CSS Corp, we are leading this change by developing technology tools and platforms that give us a distinctive advantage in delivering transformational results to our clients.”
Sunil Mittal – EVP, Chief Sales and Marketing Officer said, “Our primary focus lies in building technology solutions that make a critical difference to our clients’ business, while strengthening our technology pillar. Amongst CSS Corp’s many innovative solutions, Yodaa stands tall, and to have been recognized as the Silver Stevie winner is indeed a great honor for us.”
The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2017 IBAs received entries from more than 60 nations and territories.
A record total of more than 3,900 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Marketing Campaign of the Year, Best New Product or Service of the Year, Startup of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Stevie® Award winners were determined by the average scores of more than 200 executives worldwide who participated on 12 juries.
“The IBA judges from across the world were highly impressed with the nominations they reviewed this year. With the level of achievement documented in the nominations from 60 nations, the Stevie® Awards are proud to honor organizations that demonstrate a high level of achievement in a variety of industries” said Michael Gallagher, President and Founder of the Stevie® Awards. “We look forward to sharing many of these stories with people around the world over the coming months, through the Stevie® Awards blog and social media channels, with the hope to inspire others to high achievement.”
Details about The International Business Awards and the lists of Stevie® Award winners are available at www.StevieAwards.com/IBA.
About CSS Corp
CSS Corp is a new age IT Services and Technology Support company. The company harnesses the power of automation, analytics, cloud and digital to address specific customer needs. The company partners with leading enterprises to help realize their strategic business outcomes. The company’s team of 5,500 technology professionals across 16 global locations are passionate about helping customers.
For more information please visit www.csscorp.com
About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
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The Great Indian Shopping Festival Lives up-to its Reputation – Impresses Over 4 Million Visitors in Three Weeks
The relation of Mr. Rahul Rai, a resident of Delhi with The Great India Place is that of any average shopper with the iconic mall – a perfect hangout place and shopping destination. This is what he would have loved to believe until a visit to the mall to attend the Great Indian Shopping Festival with his family turned out to be an extremely rewarding experience. The story of Rahul, a son of a government school teacher, is no less than a fairytale from the fictional world when the fortune changes in one stroke. Except, that he is in the real world, yet his fortune changed that day.
It was a routine weekend outing for him to visit the mall with his family. No one in his family ever thought that such a routine outing will turn out to be his luckiest day and he would end up winning the grand prize – A Tata Zest Car.
The Great Indian Shopping Festival was a bonanza for the visitors and lived up to its reputation of being one of the most sought after shopping festivals of the country. Every shopper was a winner during the entire festival. Shoppers got raffle draw coupons, based on their spends, toenter into lucky draws, that entitled them to win awesome prizes like cars, bikes, holiday packages, consumer durables etc.
Rahul, like any other visitor, took part in this and was lucky to become the winner of the grand prize. It was sheer luck but the credit also goes to his positive attitude and spirit to win.
Sharing his excitement about winning the car Rahul Said, “I was down with fever when I received a call from The Great India Place Mall. When the news was broken to me, my initial reaction was that of complete disbelief. The feeling is yet to sink-in. We are unable to express our happiness. We would like to thank God for being so kind to us. Thank you TGIP for changing our life.”
Speaking about the successful conclusion of the Great Indian Shopping Festival, Mr. Mahim Singh – Mall head (TGIP) said, “The Great Indian Shopping Festival is the much-awaited shopping bonanza at The Great India Place. It has always been our endeavour to deliver to our customers the most rewarding, engaging, satisfying and the best experience, year after year. This year was no different and we had put together a never-seen-before shopping delight, spread over 21 days for our valued guests. Be it the experience of the shopping carnival, F&B or Grand Prizes – the shopping festival had it all.”
As a mall, The Great India Place offers a wide choice of brands to the shopper. The options that are simply amazing. Whatever the taste of the individual – from haute couture to high street casual or weekend leisure wear – there is something for every culture and budget available at The Great India Place Mall.
About The Great India Place Mall
The Great India Place Mall (TGIP) provides 1 million Sq. ft. of complete family entertainment with its 258 Brand Stores and 10+ anchor stores to meet all the needs of a modern consumer. It is a contemporary, vivid retail arcade that offers an absolute shopping ecstasy. It houses a variety of retail outlets including Shopper’s Stop, Lifestyle, Max, Trends, Globus, Pantaloons, Big Bazaar, Home Town, Monte Carlo, Woodland, Lifestyle and Homecenter, along with international brands like Adidas, Nike, Marks & Spencer, Skechers and many more. It also offers a multiplex by Carnival and a well laid out food court.
The mall is a part of the larger Entertainment City comprising of the Worlds of Wonder Amusement & Water parks, the Gardens Galleria mall, the Wonder Speedway, Kidzania and Decathlon.
HCL Launches A.I–Powered Process Transformation Platform and Consulting Offerings
- DRYiCETM COPA platform applies smart A.I–powered elements to the front, middle and back–end processes
- DRYiCETM TAO offers specialized autonomics & orchestration assessment and strategy consulting services
HCL Technologies (HCL) continues to pioneer best–in–class A.I–powered solutions to transform entire IT services landscapes as well as business processes and application engineering processes. HCL has recently launched ‘Cognitive Orchestrated Process Autonomics (COPA)’ Platform for enterprise–wide process revamp and ‘Transformation through Autonomics & Orchestration (TAO)’, bringing top–end consulting services to enterprises, looking to rebuild their business and IT systems on the foundation of A.I.
DRYiCETM COPA platform applies smart A.I–powered elements to the front, middle and back–office processes, driving end–to–end automation and orchestration of IT / Business Processes and creating a ‘Unified Office’. DRYiCETM TAO is an Autonomics & Orchestration assessment and strategy consulting service, helping organizations chart out a detailed and descriptive pathway to an A.I–powered future.
Speaking about the evolution of automation, Tom Reuner, SVP – Intelligent Automation at HfS Research stated, “To enable a truly digital experience, organizations have to connect the back, middle and front–office to achieve what HfS terms the OneOffice. To enable and accelerate this journey, the notion of orchestrating a diverse set of automation approaches is a critical enabler. By integrating a broad set of automation capabilities, COPA provides organizations with critical building blocks to enhance their automation assets.”
“The success that we have seen in bringing the impact of A.I to our enterprise customers, since we launched DRYiCETM two years ago, has allowed us to amass an incredible amount of invaluable real world experience about the practical aspects of A.I applications”, said Kalyan Kumar, CTO – IT Services, HCL Technologies. “For enterprises looking to rebuild their systems on the foundation of A.I, we have introduced next–generation offerings and platforms, including a radical reimagining of the traditional role of robotic process automation through DRYiCETM COPA and expert assessment and strategy consulting service DRYiCETM TAO.”
DRYiCETM COPA platform brings together the best of Robotic Process Automation (RPA), Orchestration, Artificial Intelligence, Machine Learning, and the Natural Language Processing–enabled Cognitive Virtual Assistant – ‘LUCY’. COPA automates entire IT or Business Process chains end–to–end in a seamless way, delivering a ‘Unified Office’ experience to end–users. It achieves this by integrating back–end RPA with front–end NLP and A.I for judgmental decision making, enabling accurate recognition of queries and offering real–time deliverables.
DRYiCETM COPA and DRYiCETM TAO are powered by a team of 200+ autonomics specialists, including professionals certified on cognitive platforms like WorkFusion Smart Process Automation. HCL DRYiCETM Autonomics & Orchestration suite offers end–to–end and full stack Automation covering IT services, business services, digital operations and business processes.
MILKFED to put up Verka Booths at HPCL Outlets
MILKFED today signed a Memorandum of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to put up ‘Verka’ booths at the selected Retail Outlets of HPCL. Hindustan Petroleum Corporation Limited has retail outlets at various locations to market the petroleum products and to provide value added services to the customers. Now the customers can enjoy healthy and tasty products of Verka at these HPCL outlets while they avail the outlet’s services.
Milkfed is always at a look out for new avenues to reach the consumer. With this agreement the favorite Verka products will be readily available at the HPCL outlets making it easier for people to indulge into their favorite craving on the go.
Speaking on the occasion Mr. Manjit Brar, Managing Director MILKFED said, “Verka has been delighting the customers for so many years now. It is one of the most loved dairy brands of the region. The collaboration is a very good opportunity for us for increased customer engagement we will be able to deliver our products to the consumers more conveniently. This association will help us to expand our business in the region by tapping in the large customer base of HPCL. It will also generate employment opportunities to local youth.”
“Verka is the leading dairy brand in the region. It is our pleasure to associate with Verka to provide our customers healthy, tasty and superior quality products at our outlets,” said Mr. Subodh Batra, Chief General Manager, HPCL North Zone.
HPCL has about 1650 retail outlets in Delhi, Chandigarh, Punjab, Haryana, HP and J&K. Verka products will be available at selected outlets.
Verka is the brand of The Punjab State Cooperative Milk Producers’ Federation Limited popularly known as MILKFED Punjab, which came into existence in 1973. Verka has a wide range of products including different variants of Pasteurized Packed milk, Ghee, Table Butter, Skimmed Milk Powder, Whole Milk Powder, Cheese, Tetra Pack Products, Sweetened Flavored Milk, Ice Cream, Fresh Products like Lassi, Paneer, Dahi, Kheer, Indigenous Sweets. The products are available in Punjab, Haryana, Himachal, Jammu and Kashmir and Northeast India. Verka also exports ghee to countries like Middle East, Australia, Japan, New Zealand and Malaysia.
RiddiSiddhi Bullions Ltd.’s MD, Mr. Prithviraj Kothari is Awarded with Maharajah of the Bullion Industry and Best Gold Seller in India at The Bullion Federation Ceremony
One of the top bullion companies of India, RiddiSiddhi Bullions Ltd. (RSBL), was conferred with the top honours at the recently concluded awards from the Bullion Federation. The apex body of the bullion trade in India, honoured RSBL as the “Best Gold Seller in India”. RSBL (Managing Director), Mr. Prithviraj Kothari, was felicitated as “Maharajah of the Bullion Industry” at the glittering award ceremony held on August 6, 2017 at JW Marriott, New Delhi.
The Bullion Federation represents the might of the burgeoning bullion market in India. It is the only highly regarded federation in India, which closely monitors bullion trades & industry and thus awarding the best of the companies at their annual event. Apart from maintaining best practices in the industry and representing the interests of the trade, it annually recognises the most achievements in the industry. The yearly celebration is well attended and keenly followed to keep pace with the top and emerging players in the sector. This year, the 2-day event included covered enlightening interactions on a variety of subjects such as Impact of GST on the value chain and Vision 2025. The event ended with an awards night that honoured the top achievers. RSBL was conferred with the “Best Gold Seller in India” for its best-in-the-business online platforms for trading in gold and silver. Its benchmark gold and silver price, by RSBL SPOT, had the highest turnover in the industry, without a nominated agency and without cashless.
Said Mr. Prithviraj Kothari, (Managing Director) – RSBL, “We are thrilled with our double win this year! RSBL, since two decades, has focused on good work and honest practices. We have a passionate team that relentlessly works towards these goals. The award for “Best Gold Selller in India” is a huge honour and a testament to the team work we’ve displayed while marching towards our objective. My award for “Maharajah of the Bullion Industry” is special as it comes from my colleagues in the industry. We accept these awards with humility and a promise to keep working harder!”
These awards join the Hall of Fame at RSBL, joining other prestigious trophies such as Golden Arm, Best Bullion Dealer, Emerging India and EPCES Export Awards that it has earned over the years. The ISO 9001:2008 certified RSBL, renews its commitment to being responsible leaders of the bullion trade in India that is steadily getting India noticed on the global platform. With this big wins, RSBL further cemented its position as an innovative company, led by the pioneering visionary, Mr. Prithviraj Kothari.
Pepe Jeans, Dollar Industries Enter into Joint Venture
- Pepe Jeans Europe BV enters into a Joint Venture company with hosiery major Dollar Industries Ltd
- To manufacture and market premium fashion innerwear, loungewear, gymwear, sleepwear and track suits for adults & kids
- Both the companies to hold 50% stake in the joint venture
- To market and sale products in India, Sri Lanka, Nepal, Bhutan & Bangladesh
Dollar Industries Limited today announced a Joint Venture with a leading international fashion brand Pepe Jeans Europe BV with a 50 – 50 stake of both the JV partners. The Joint Venture Company is to manufacture and market premium range of Fashion Innerwear, Loungewear, Gymwear, Sleepwear& Track Suits for Adults & Kids, in India under the brand name Pepe Jeans London. These products will also be made available in Sri Lanka, Nepal, Bhutan & Bangladesh.
Both the JV partners i.e. Dollar Industries and Pepe Jeans will hold 50% stake in the JV Company. This tie up will help both the companies to work towards creating a premium innerwear brand in the Country to offer an exciting and innovative range of aspirational products to the customers.
This venture would also bring in foreign direct investment for the textile sector in India. While a joint venture would mean a win-win situation for both the Indian company and the investor.
“Pepe Jeans’ expansion into newer categories is a strategic progression of the brand. Our objective was to partner with a great Indian brand with a strong distribution and production set up. This is a strategic investment for the brand. We are funding the JV as per a strong scalable business plan. We believe that at present there is a gap in the market, and therefore immense potential for a strong innovative premium innerwear brand to grow. Together with Dollar Industries Limited we are looking to spearhead growth and innovation in this category. With our strong brand name and Dollar Industries industry expertise will take both the brands to greater heights,” said, Mr. Kavindra Mishra, MD, Pepe Jeans India Limited.
“The innerwear category is a high growth category in the apparel market. With higher discretionary spending and growing fashion consciousness, this segment is poised to grow exponentially. The JV with Pepe Jeans will give a boost to Dollar Industries and help Dollar increase their market share and penetrate the premium Innerwear segment. This association will also help us in consolidating our market share. Pepe Jeans and Dollar both believes in Innovation and creativity which is the heart of their activities. This JV will also combine fashion and functionality and offer products to the Consumers,” said Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd.
Dollar Industries began its journey with the signature brand ‘Dollar’. Later, the brand Dollar Bigboss was launched, which achieved popularity among consumers. Bollywood celebrity actor, Mr. Akshay Kumar is the Brand Ambassador of Dollar Bigboss and he has contributed significantly in the success of the brand over the last six years. The company also has introduced Kids wear range “Champion”, women’s wear under the brand name “Missy” and casual wear range called “Force”. Dollar Industries was the first Indian Innerwear manufacturing company to introduced Micro Modal fabrics in inners.
The overall range of products at Dollar Industries includes vests, briefs, trunks with latest cuts and fits. In apparel category, there is basic and fashion denims, t-shirts, gym-vests, bermuda and track pants. For winter, the company has premium thermals for men, women and children. The women’s range includes camisoles, panties and leggings.
Pepe Jeans London remains at the front of the fashion pack with a winning formula based on its ability to deliver the strongest denim-led fashion. Today, the company is among the top two leading premium denims brands in the country. In 2015, Pepe Jeans launched kidswear in India. The category continues to be a key growth driver for the brand nationally. In 2016, Pepe Jeans launched eyewear in key stores. The company is now set to take the brand to newer heights with the launch of innerwear and footwear in 2018.
Pepe Jeans London continues to set new benchmarks in the Indian market with its growth story. The company is adding exciting new categories to their portfolio and increasing their presence in tier II and Tier III markets. Overall the company is looking to double their business in the Indian market within the next 3 years with the sole objective of establishing Pepe Jeans as a one stop shop for the casualwear needs of adults & kids.
About Pepe Jeans
Pepe Jeans London was born in the iconic Portobello Road in 1973. Today, more than 40 years later, the brand remains devoted to its initial mantra and its pledge to create the most exciting denim-led fashion on the planet.
The diversity and unique eclecticism, the extraordinary melting pot and mix of cultures that defines the city of London also defines Pepe Jeans personality. Thus, the brand keeps on being the constant inspiration for the brand´s denim, women, men and kids collections.
Music, Culture, fashion, London and denim, which is what Pepe Jeans is all about.
About Dollar Industries:
Dollar Industries Ltd, is today amongst the top three hosiery brands in India. The company, which has got listed in NSE in the recent past, has four manufacturing units in Kolkata, Tirupur (TN), Delhi and Ludhiana. Dollar Industries enjoys a 15% market share in the branded hosiery segment in India. Dollar Industries have recently started business in African market with Nigeria to reserve more export revenue. The company’s existing export markets are in Gulf Middle East as well as Nepal.
Uflex Registers 8 percent Bottom Line Growth Y-O-Y during First Quarter of FY 2017-18
India’s largest multinational flexible packaging materials and Solution Company, Uflex Limited has clocked 8% bottom line growth (Y-O-Y) during the quarter ended 30th June 2017. Figuratively the Consolidated Net Profit stands at Rs. 93 Crore as compared to Rs. 86 Crore during the first quarter of FY 2016-17.
At the operating level, Consolidated EBITDA rose by 4% to stand at Rs. 236 Crore as against Rs. 228 Crore during the same period in the previous fiscal. Consolidated Total Revenue for the first quarter of the current financial year is Rs. 1624 Crore as against Rs. 1516 Crore in the same quarter last financial year thereby registering a 7% topline growth (Y-O-Y).The total sales volume also grew by 5% as compared to the first quarter of FY 2016-17.
Innovation to create value added differentiation is the cornerstone of Uflex Limited’s business strategy and the company keeps developing and launching newer films and packaging products that contribute to the overall financial growth of the organization.
In an official document released soon after declaring the Q1 Earnings, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, “The Financial Year 2017-18 has started off on an assuring note! Our aseptic liquid packaging material manufacturing plant at Sanand, Gujarat has been commissioned. This has completed our product offering bouquet in its entirety. You will be glad to know that with this your company now stands in a good stead to offer end to end flexible packaging solutions for solids, non-aerated liquids, semisolids, viscous fluids, gels, pastes, granular material, powders among others. This feat will further strengthen your company’s competitive edge in the flexible packaging industry. On the innovation front, we launched several products in the quarter ended 30 June 2017 that continued to add value to the businesses of our esteemed clients globally.
I always tell my team that the solution lies in the womb of the challenge itself and that every challenge should be seen as an opportunity to tangibly improve our products and services in the best interest of our clients. I am glad to let you know that this doctrine is deeply ingrained in the cultural fabric of Uflex that keeps the entire team aligned with the corporate vision of being a leading company and preferred supplier for providing flexible packaging solutions to customers across the world maximizing value for all stakeholders!”
Uflex is India’s largest multinational flexible packaging materials and Solution Company and an emerging global player. Since its inception back in 1985, Uflex has grown from strength to strength to evolve as a truly Indian Multinational with consumers spread across the world. Uflex today has state-of-the-art packaging facilities at multiple locations in India with installed capacity of around 100,000 TPA and has packaging film manufacturing facilities in India, UAE, Mexico Egypt, Poland and USA with cumulative installed capacity in excess of 337,000 TPA.
All Uflex plants are accredited with ISO 9001, 14001, HACCP & BRC certifications. Uflex caters to markets spanning across the globe in over 140 countries like USA, Canada, South American countries, UK and other European Countries, Russia, South Africa, CIS, Asian and African nations. Integrated within its core business profile are allied businesses like Engineering, Cylinders, Holography and Chemicals which further give Uflex a superior edge above competition.
Uflex Limited is also a part of the D&B Global Database and winner of various prestigious national and international awards for its products’ excellence. Uflex offers technologically superior packaging solutions for a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, dessert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinades & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc
Some of Uflex’s clients on the global turf include P&G, PepsiCo; Tata Global; Mondelez, L’ Oreal, Britannia, Haldiram’s, Amul, Kimberly-Clark, Ferro Rocher, Perfetti, GSK, Nestle, Agrotech Foods, Coca-Cola, Wrigley, Johnson & Johnson among others.
RERA Compliant Kolte-Patil Developers Ltd Brings Over 200 Potential Channel Partners under its Fold
Kolte-Patil Developers Ltd (BSE: 532924, NSE: KOLTEPATIL), Pune’s leading real estate company, recently hosted a Live RERA registration drive with the objective of empowering the community of channel partners with the required knowledge to hand-hold them through the regulatory process. The registration drive saw participation from over 200 potential channel partners in a single day, who are now compliant to conduct business with Kolte-Patil, with their authorization numbers mentioned on the company’s website.
Kolte-Patil has also successfully registered all its projects under the Real Estate Regulations Act (RERA) within the stipulated deadline of 31st July 2017. The Company has always made governance our operating framework and focused on maximizing stakeholder value. Its vision is to create a brand which our partners and stakeholders can recognize and be proud to be associated with.
According to the RERA bill, it is mandatory for agents/ brokers to be RERA compliant and have them registered with a real estate company to market its projects. The real estate companies, had to register with RERA before July 31, although the real estate agents and brokers are not bound by any such deadline.
Mr. Gopal Sarda, Group CEO, Kolte-Patil Developers Ltd said, “We welcome RERA with all its rules and regulations and believe it will bring in transparency, accountability, boost customer confidence and create a level-playing field. We have always been a customer-centric organization providing a credible solution to customers who needed to trust real estate companies with their hard-earned money, through transparency, quality product and timely delivery of our projects. So the reality is that it has mostly been business as usual for us.
We have always believed in inclusive growth of all our stakeholders and recognizing that our channel partners are an important medium between a customer and a developer, we have conducted this Live RERA registration drive for them. We have seen a phenomenal response from the Channel Partner community with over 200 potential channel partners registered on board.
We believe that by the virtue of having been an early-mover in growing our business in a credible way, we have grown faster, more sustainably and emerged as one of the most respected developers in India’s real estate sector. RERA represents a landmark sectoral opportunity for our company and expect to be a leading beneficiary of the consolidation expected to take place in the medium term.”
About Kolte-Patil Developers Limited
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market. Kolte-Patil is a trusted name with a reputation for high quality standards, design uniqueness, transparency and the delivery of projects in a timely manner. The company has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~15 million square feet across Pune and Bengaluru.
Kolte-Patil markets its projects under two brands: ‘Kolte-Patil’ (addressing the mid-income segment) and ‘24K’ (addressing the premium luxury segment). The Company has executed projects in multiple segments – standalone residential buildings and integrated townships. Several of the company’s projects have been certified by the Indian Green Building Council (IGBC).
Consolidating its leadership position in Pune, the company forayed into the Mumbai market in 2013 focusing on low capital intensive society re-development projects.
The Company’s long-term bank debt and non-convertible debentures have been rated ‘A+ / Stable’ by CRISIL, the highest rating accorded by CRISIL to any publicly listed residential real estate player in India.
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com.
Mindteck Reports Financial Results for Q1 2017-18
Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), a global technology company, today reported its unaudited financial results for the first quarter ended June 30, 2017.
The company’s consolidated revenue for the quarter stood at Rs. 77.76 crores as against Rs. 79.23 crore for corresponding quarter ended June 30, 2016. Net profit for the quarter stood at Rs. 1.58 crore as against Rs. 2.90 crore for the corresponding quarter.
Yusuf Lanewala, Non-Executive Chairman, commented, “We are very pleased to have closed out a productive quarter with the Smart Parking Bhopal Letter of Award received in June. This is an important, end-to-end, ten-year project from the Bhopal Municipal Corporation (BMC) – one of the 20 cities designated a smart city in the first phase of India’s Smart Cities Mission.” He added, “It may also be India’s first city-wide smart parking solution that covers both on-street and off-street parking.”
Other notable highlights for the quarter include:
- Acquired the largest, New England service contractor, a leading EDA, and a storage company as clients in the US.
- Won contract extensions for four onsite resources for a Swedish company that provides radiation therapy, radiosurgery, related equipment and clinical management.
- Won a new ZigBee stack development project with a company involved in innovative and high-performance RF solutions for advanced wireless devices, defence radar and communications in Belgium.
- Obtained new MS opportunities with an electronic manufacturing services company, and a life sciences company, in APAC.
Mindteck, a global technology company established in 1991, provides Product Engineering solutions and Information Technology services to top-tier Fortune 1000 companies, start-ups, leading universities and government entities. The company is among a select group of global companies appraised at Maturity Level 5, Version 1.3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI). Its depth of knowledge and niche expertise in embedded systems and enterprise applications is complemented by dedicated Centers of Excellence in wireless design and storage testing. Office Locations: India, Singapore, Malaysia, Philippines, Netherlands, Germany, Bahrain, UK and US. Development Centers: US, Singapore and India (Kolkata and Bangalore). Founding Member: ‘The Atlas online’ (www.atlas.cid.harvard.edu) for the Center for International Development at Harvard University.
Paris Excellence Award Bestowed Upon Mr. Ushik Gala
‘Paris Excellence Award 2017’ was bestowed upon Mr. Ushik Mahesh Gala in the category of Excellence in Garment Industry. The award was presented by Mr. Robby Wells, the Presidential Candidate of US Election 2020 at Eiffel Tower, Paris.
Paris based French European Indian Organization, World News Network and Art For Peace Awards Beverly Hills, USA had organized Paris Excellence Award 2017 function recently at Eiffel Tower, Paris.
Mr. Ushik Gala stated, “We have officially announced support to Mr. Robby Wells, the Presidential candidate for US for the year 2020. With this, we enter USA market and have plans to make substantial investment in USA.”
Mr. Ushik Gala is the Managing Partner of KSPM & Associates, a chartered accountants firm. He is the Chairman of Suumaya Lifestyle Ltd. He is also Global Director of JIO (Jain International Organisation).
Suumaya Lifestyle Ltd. are manufacturers of ladies designer kurtis and denim bottoms. The company also deals with fabrics for women wear. The company is having 3 manufacturing units in Mumbai & Wada. It has 3 stores in Mumbai, 1 in Varanasi and a complete in-house CMTP (Cut-Make-Trim-Packaging/Finishing) set up in Mumbai.
V-Mart Organizes Sahyog – Its Flagship Business Associate Program
- This collaborative business associate program focuses on strengthening SMEs and empowering small businesses
- Initiatives aimed at contributing to PM Modi’s ‘Make in India’ vision
Around 500 business associates of V-Mart Retail Ltd participated in its flagship business associate program called ‘Sahyog’, which is aimed at strengthening SMEs and empowering small businesses enhance their business competence and contribute to PM Modi’s ‘Make in India’ vision.
Through this program, V-Mart proactively supports development of entrepreneurial spirit in smaller towns and strengthening of SMEs which it believes will become a significant contributor to PM Modi’s Make in India’ program. The meet was held in Delhi.
“Sahyog is a collaborative platform which is aimed at fostering closer association with our business associates but more importantly it is aimed at fostering the spirit of entrepreneurship in smaller towns and cities. We are committed to supporting SMEs become efficient business entities and we would do all we can to realize this objective,” said Mr Lalit Agarwal, CMD of V-Mart Retail Ltd.
Mr Agarwal added that V-Mart is committed to contribute to PM Modi’s vision of ‘Make in India’ which it believes would be truly realized only when SMEs and small business became efficient and empowered.
Many associates who supply various products and services to V-Mart were also recognized and rewarded for their outstanding performance during the Sahyog meet, where the emphasis was on product quality and delivery commitment.
About V-Mart Retail Ltd.
V-Mart is dedicated to provide “Price less fashion” to consumers in Tier II and III cities where penetration of organized retail is not common. The Company stands true to its promise ever since it opened its first store in Ahmadabad in 2003.
V-Mart Retail Ltd is promoted by Mr. Lalit Agarwal and currently operates 150 stores in 126 cities pan India covering more than 11,00,000 sq ft retail space. The retail format offers more than 50,000 different fashion products in over 10,000 designs to the customers, sourced from the choicest merchandisers who understand current fashion trends and deliver products as per consumer expectations. The company intends to further strengthen its presence and deliver fashion to highly aspirational tier II and tier III consumers across India.
Digital Harbor launches Industry’s First Clever and Collaborative Healthcare Provider Credentialing Application “Know Your Provider” – KYP 4.0 in NAMPI 2017
Digital Harbor, a leader in risk management and healthcare fraud prevention, and a trusted partner of leading healthcare organizations across the United States, launched Know Your Provider – KYP 4.0, in National Association for Medicaid Program Integrity (NAMPI), at Miami, FL, on 7th Aug 2017.
Know Your Provider is a clever and collaborative provider credentialing application that drastically reduces credentialing turn-around times while seamlessly complying with Medicaid regulations. While Digital Harbor is renowned for its history of innovation, Know Your Provider is the latest in its innovation kitty that has already resulted in a cost saving of more $500 Million to its customers.
Speaking at the occasion, Rohit Agarwal, Innovator-in-Chief, Digital Harbor Inc., said, “Medicaid is poised to undergo the most significant budget transformation in its 40-year history. Over the next decade, Medicaid would need to serve an increased number of beneficiaries with fewer providers and even fewer dollars amidst dynamic and increasing regulations. To accomplish this, Medicaid requires game-changing processes and technologies. KYP 4.0, not only saves Provider and Enrollment analyst frustrations, it can prevent draining of billions of $ in improper payments annually. With KYP 4.0, providers can enrol in weeks’ vs months using self-service portals and real-time screening technologies. Beneficiaries can be connected to services across benefits programs with 360-degree views, voice driven provider directories and personal health assistants. States can eliminate ineligible beneficiaries and providers through real-time monitoring and manage their programs through social dashboards.”
Chuck O’Brien, Director of Consulting, Digital Harbor Inc., said “We are launching KYP 4.0 at a time, when the healthcare providers are struggling to enrol themselves with State Medicaid, with waiting times of up to 6 – 10 months and the enrollment analysts are struggling to comply with regulations, with tripling workloads. KYP screens the health care providers against 15000+ data sources and reduces credentialing times literally from months to weeks.”
Delivered by Social Enterprise (S.E.T.) Technology Universal Platform, KYP is the industry’s first smart and modular provider network management system that houses never-before social collaboration and intuitive functionalities.
About Digital Harbor
With over 18 years of expertise in providing compliance and intelligent risk management solutions, agnostic of industry, Digital Harbor has transformed the way enterprise knowledge workers respond to real-time data variations in complex business processes. Digital Harbor pioneered the “Know Your Customer (KYC)” solution for the banking industry in the US which later became a norm across industries and regions and recognized as a leader in risk management solutions for financial institutions. Innovating healthcare operations using its generational Social Enterprise Technology (S.E.T.) Universal Platform, Digital Harbor is now a trusted partner of leading healthcare organizations across the United States. For more information, please visit www.digitalharbor.com
National Association for Medicaid Program Integrity (NAMPI) was launched with an intent to create national Medicaid program integrity through the channelling of funds for required services. Their primary task focuses on instances of fraud and abuse in the Medicaid Medical Assistance Program. NAMPI encompasses all 50 states of the U.S. Members are from various professional disciplines, including but not limited to, attorneys, nurses, contractors, investigators, managed care staff and pharmacists.
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Indian Heavy Duty Truck Manufacturers to Focus on Value Truck Segment
The heavy duty (HD) truck market in India is moving away from basic economy trucks to value trucks. With growing volumes, regulatory changes, and the entry of new global players, customers are looking beyond a low-cost product toward productivity and efficiency at a price premium. This gives a distinct advantage to market participants that have the ability to provide complete truck solutions to customers. The challenge is that value trucks currently account for less than 10 percent of the market, with volatility in freight rates, high fuel prices, and overcapacity slowing investment. Nevertheless, user focus on higher productivity, efficiency, and lower total ownership costs will steadily push value truck growth rates ahead of the economy trucks segment.
“Higher reliability and productivity are the major benefits of value trucks with overall cost of ownership being the major USP,” said Sunny Manjani, Program Manager, Mobility Practice, Frost & Sullivan. “However, the poor availability of drivers and growing importance of comfort and safety will require value-added services to be packaged in the value truck offerings for increased uptake and customer retention.”
Indian Heavy Duty Truck Market Outlook provides an overview of the Indian HD trucks market and examines the potential of value trucks in India, original equipment manufacturer (OEM) strategies for the HD trucks segment, and changing customer needs and expectations from HD trucks in 2020 and beyond. The study covers HD rigid, tipper and tractor trailers trucks (GVW of 16.2 tons and above).
Significant trends shaping the Indian HD trucks market include:
- Improving power-to-weight ratio of Indian HD trucks, which are expected to reach current levels of those in China and South Africa within three to four years;
- Immense potential for value trucks in South Asia, ASEAN, Africa and the Middle East that will encourage Indian OEMs to look at a larger market and compete with Japanese, Chinese, European, and South Korean OEMs offering value trucks;
- Intensifying demand from cement, parcel, coal, and infra development industries that will propel truck makers to explore customized solutions for better returns.
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?
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