Page 24 - Video Gallery

Business honchos who quit their jobs in 2017

New Delhi, Dec 30 (ANI): Mounting legal and moral crises and a leadership drain, the Chief Executive Officer (CEO) of Uber, Travis Kalanick, was allegedly forced to step down following severe backlash from the company's shareholders, reported the New York Times. Uber Technologies Inc. has been privy to various scandals since it came to front as a global taxi service provider. Vishal Sikka resigned as the Managing Director (MD) and CEO of Infosys, citing 'continuous distractions' as the reason for his resignation in August this year. His resignation happened after a prolonged public battle with the company's founders. For 16 long years Jeff Immelt held the top post at the multinational General Electric (GE) before he finally stepped down in August of 2017. GE said his departure was planned years ahead. Immelt was said to be methodical when it came to investing in software to make industrial machinery run more effectively. PepsiCo India Holdings Pvt. Ltd's Chairman and CEO, D. Shivakumar

Taxpayers granted 10-day extension for filing GSTR-1

New Delhi, Dec 30 (ANI): In a decision that would provide relief to last-minute taxpayers, the Centre has decided to extend the last date for filing the Goods and Services Tax (GST) returns to January 10, 2018. In an official statement, the Ministry of Finance noted, "The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods has been extended to January 10, 2018." The deadline extension is applicable to registered persons having aggregate turnover of up to Rs 1.5 crore in the preceding financial year or the current financial year, who will file quarterly returns in FORM GSTR-1 for the period July-September, 2017. It is also applicable to registered persons having aggregate turnover of more than Rs 1.5 crore in the preceding financial year or the current financial year, who will file monthly returns in FORM GSTR-1 for the period July-October, 2017. The deadline for the aforementioned cases was December 31.

Apple slapped with lawsuits for slowing down aging iPhones

New Delhi, Dec 28 (ANI): Apple is facing at least eight lawsuits, all of which claim Apple deceived iPhone users by slowing the processing speed of older models of the phone to compensate for poor battery performance. The class-action suits - filed in U.S. District Courts in California, New York and Illinois - seek to represent potentially millions of iPhone owners nationwide. It argues that Apple's software 'tweak' may have led iPhone owners to misguided attempts to resolve issues over the last year. Apple has not yet commented on the filings. Last week, Apple admitted operating system updates released since 'last year' for the iPhone 6, 6s, SE and 7 included a feature to quote, 'smooth out' power supply from poorly performing batteries. One of the lawsuits, filed Thursday in San Francisco, contends that Apple tried to MASK the battery defect. The lawsuits seek unspecified damages and in some cases reimbursement.

Paytm becomes India's first payment app to cross 100 million downloads on Play Store

New Delhi, Dec 27 (ANI): India's largest mobile-first financial services platform Paytm, on Wednesday, announced that its app has crossed 100 million milestone on Google Play Store in the second week of December 2017. This makes Paytm the country's first payments app to cross the 100 million downloads mark. Paytm is charting the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments. The platform allows users to do online recharges and bill payments, book movie tickets, do travel bookings among others.

Lendingkart Finance raises Rs. 25 crore cash credit from SBI

New Delhi, Dec 27 (ANI): Lendingkart Finance Limited on Wednesday announced that it has raised Rs. 25 crore in cash credit facility from State Bank of India towards growing the loan book. As the company expands its reach to over 950 cities across the country, these funds will come in handy to widen Lendingkart Finance's offerings to SMEs country-wide. Presently, Lendingkart Finance has disbursed over 20,000 loans to more than 12,000 SMEs across 23 diverse sectors.

Venezuelans queue up outside ATMs amid cash crunch

Venezuela, Dec 27 (ANI): As the cash crunch continues to prevail in Venezuela, the citizens were forced to line up in long queues outside banks and ATMs around Caracas just to be able to access cash. As the country's economy and oil revenue continues to decline and inflation continues to rise, these scenes are becoming commonplace. Strict exchange controls in Venezuela over the last 15 years have made access to dollars very limited. Many merchants started charging in dollars or their black market equivalent - making it more difficult for Venezuelans to access basic goods and services. The increase in these prices made for scanty Christmas celebrations as there were shortages of pine trees, toys, meat, chicken and cornmeal. As the country's economy and oil revenue continue to decline and inflation continues to rise, such scenes are becoming commonplace.

India to surpass France, Britain to emerge as world's fifth-largest economy soon: Cebr

New Delhi, Dec 27 (ANI): Soon after the Sensex scaled new heights and reached 34,005.37, and the Nifty50 rose to a lifetime high of 10,515.10, Centre for Economics and Business Research (Cebr) consultancy's 2018 World Economic League predicted that India is all seat to overtake Britain and France to become the Fifth Largest economy of the world. Consultancy's 2018 World Economic League Table's analysis takes cheap energy and technology prices in account to assess the growth. India is a part of the trend which indicates dominance of Asian countries in top 10 largest economies over the next 15 years.

Market ends at record high, Sensex surpasses 34,000 mark

Mumbai, Dec 26 (ANI): With only a few days left for the year 2018 to ring in, the markets on Tuesday surprised the street by creating history as the Sensex surpassed Mount 34000 for the first time to hit a fresh record high of 34,005.37, while the Nifty50 rose to a lifetime high of 10,515.10. With almost 40 stocks rising in the range of 30 percent to 60 percent from October 25 to December 22nd, 2017, over 347 stocks gave positive returns in the S and P 500 index. Stocks such as 8K Miles (up 67 percent), Minda Industries (up 62 percent), Praj Industries (up 59 percent), Polaris Consulting (up 59 percent), HEG (up 49 percent) etc. among others created the maximum high.

Patanjali signs pact of Rs 671 Crore for Chhattisgarh food processing unit

New Delhi, Dec 26 (ANI): Baba Ramdev and Acharya Balkrishna's Patanjali ayurved Ltd is one of the three companies that signed a MoU (Memorandum of Understanding) with Chhattisgarh government to set up processing units in the state. The pacts were signed Sunday night with Patanjali in Raipur at the residence of Chhattisgarh Chief Minister Raman Singh. Patanjali's 500 acres of agriculture and herbal processing unit would be set up in Bijetala village of Rajnandgaon district. The processing units are expected to create 24,000 jobs directy or indirectly in the state.

Honda aims to establish electric car battery plant in India

New Delhi, Dec 25 (ANI): Japanese multinational Honda Motor Co. Ltd intends to set-up a lithium ion battery manufacturing unit in India. It attempts to profit from the proliferating and potentially lucrative electric vehicle (EV) opportunity in the country. The Indian subsidiary of Honda Japan is in the process of devising an EV strategy in line with the Prime Minister Narendra Modi-led government's mission to switch to all-electric cars by 2030. The idea is to reduce greenhouse gas emissions as part of the global agreement on climate change. Next in action will be to identify the type of electric vehicles the company would want to make locally. Honda aims to comprise 65% of the company's overall sales with electric cars by 2030. Presently, the Indian unit is Honda's fourth largest after those in the US, China and Japan, with regard to total vehicle sales. Earlier this year, Honda Motor settled to form a joint venture with Hitachi Automotive Systems Ltd to develop motors for electric v

Reliance aims to become big clean energy provider: Ambani

Mumbai (Maharashtra), Dec 24: Reliance Industries Ltd's Chairman Mukesh Ambani said that the company will become a major provider of clean energy in the country. This comes as the South Asian nation transitions to renewable energy sources from fossil fuels. India is one of the world's biggest users of coal, and renewable energy and Prime Minister Narendra Modi's government has emphasised on use of solar power. "Can Reliance become a leading provider of clean and affordable energy to India? Yes we can and yes we will," Ambani said at a function on Saturday to mark 40 years of the company. Reliance is the owner of the world's biggest refining complex and also a leading petrochemicals player. It expanded its tie-up with the BP earlier this year to meet India's rising fuel and renewable energy demand. Ambani further hoped that Reliance can also be a global producer of innovative materials and among the top 20 companies in the world.

Airtel Payments Bank CEO Shashi Arora quits

New Delhi, Dec 23 (ANI): In the wake of the Unique Identification Authority of India (UIDAI) temporarily suspending Aadhaar-related e-KYC verification by Bharti Airtel, Airtel Payments Bank Managing Director and CEO Shashi Arora stepped down from his position.According to reports, the company in a statement clarified that Shashi was not sacked, adding that he would be pursuing opportunities outside of Airtel. The firm also lauded his contribution and commitment during his stint at Airtel. The decision comes in the wake of accusations and complaints of Bharti Airtel allegedly using the aforementioned verification process to open payments bank accounts of its customers without their knowledge or consent. It was reported that over 20 lakh customers had received enormous amounts of money in their Airtel bank accounts, which were allegedly operational without their knowledge.

GST hits Christmas decoration items sales

Coimbatore, Dec 23 (ANI): The 18 percent Goods and Service Tax (GST) on Christmas decorative items affected the products sale this year. Generally, Christmas sales begin by the end of November, but this year, the business is yet to gain momentum. Though sale of stars, decorative items and cakes has started picking up in big shopping malls, the usual shopping frenzy is absent. The GST rate on stars, decorative items, cake and other products is 18 per cent. It was just 5 per cent earlier.

HDFC Capital creates USD 1 billion platform for affordable housing investment

New Delhi, Dec 22 (ANI): 'HDFC Capital Advisors' have successfully achieved the initial close of its second affordable housing fund, the HDFC Capital Affordable Real Estate Fund-2 (H-CARE-2). This will be combined with the HDFC Capital Affordable Real Estate Fund - 1 (H-CARE-1) raised in 2016 to create a USD one billion platform targeting affordable and mid-income residential projects in India's leading 15 cities. The primary objective of the platform is to provide long term, equity and mezzanine capital to marquee developers at the land and pre-approval stage for the development of affordable and mid-income housing in India. This aligns with the Centre's goal to increase overall housing supply, including 'Housing for All by 2022' initiative.

Content platform YourQuote secures USD 1 mn in seed funding

New Delhi, Dec 21 (ANI): An original content and digital community platform YourQuote has received USD 1 million in seed funding which was led by IDG Ventures India. The round also saw participation from Atul Goel of the Essel City Group and Axilor. The fresh funds will help in enhancing the overall product growth and help in expanding the video platform and scaling the community across India. YourQuote has an overall user base of over 500,000 users from across India and over 4.5 million posts in more than 15 languages. The platform has seen monthly growth of 20-30 per cent. "The recently-concluded funding round will further help us to build on our early success by expanding into user-generated video content and scaling up our offline networking initiatives," Harsh Snehanshu, Co-founder and CEO, YourQuote said. With the capital infusion, the platform will be further increasing video-based creation and consumption. It will further scale its offline activities on a pan-India level to cre

Bharat Jal launches maiden water ATMs

New Delhi, Dec 20 (ANI): Bharat Jal has announced to set up small (2000LPH) water plants at multiple locations in the Delhi NCR Region and supply water through Electric 3-wheeler vending machines. The company has launched its operations with its maiden plant at Nehru Place. The company aims at taking mobile water ATMs to all parts of the country through a network of franchise by 2019. In the initial phase catering to NCR, the company shall procure water from the Delhi Jal Board, which will be treated and then supplied to the locales. As the company expands into other states, it will work in tandem with the State Local authorities and local civic bodies for facilitating the supply of clean drinking water to the masses. On 28 July, 2010, through Resolution 64/292, the United Nations General Assembly explicitly recognised the human right to water and sanitation and acknowledged that clean drinking water and sanitation are essential to the realisation of all human rights.

Ola acquires Foodpanda's India business

New Delhi, Dec 20 (ANI): Ride-hailing firm Ola announced on Tuesday that it will acquire Foodpanda's India business from parent Delivery Hero in an all-stock deal. Ola has also committed investments of $200 million in the Foodpanda India business. This is Ola's second try at building a food delivery business after it shut down Ola Cafe in 2016. While the companies did not divulge details of the deal, Foodpanda is expected to be valued at $40-50 million. "Foodpanda has come to be a very efficient and profit-focused business over the last couple of years. Our commitment to invest $200 million in Foodpanda India will help the business be focused on growth by creating value for customers and partners. With Delivery Hero's global leadership and Ola's platform capabilities with unique local insights, this partnership is born out of strength," Bhavish Aggarwal, chief executive at Ola, said in a statement. Foodpanda India has about 15,000 restaurants in 100 cities listed on its platform.

Siemens to set up 20 centers for digital customer applications

New Delhi, Dec 19 (ANI): Global technology powerhouse Siemens has announced to set up 20 centers for digital customer applications in the industrial sector. These new solutions are being developed on MindSphere, Siemens' open, cloud-based operating system for the Internet of Things (IoT). Worldwide, the company has distributed its 20 centers across around 50 locations in 17 countries to come close to its customers. Siemens President and CEO, Joe Kaeser, said: "We're continuously expanding our leadership role in industrial digitalisation." "With our global experience in electrification and automation and our industrial software expertise, we're generating optimal benefits for our customers; benefits that no other companies can replicate at such high levels of performance," he added. Siemens launched its MindSphere IoT operating system across the company about a year ago.

Upgrade your car into smart car with 'Konnect First'

New Delhi, Dec 19 (ANI): India's top multi-brand certified used car company, Mahindra First Choice Wheels Ltd., has launched Konnect First- a connected car device designed to upgrade your car into a smart car. Conceptualised by MFCWL, the device has been developed by Wipro Limited, a leading global information technology, consulting and business process services company. Konnect First, an intelligent connected drive solution, enables the car owner to interact with the vehicle and stay connected to it via a mobile app, available on both iOS and Android platforms. With several class-leading features, it offers the car owner a comprehensive package of safety, loss prevention, utility, maintenance and driving analytics in one seamless interface, thus providing complete peace of mind when it comes to the well-being of the car and its owner. The sleek device is compatible with 200+ car variants across brands and can be easily plugged into the car's OBD port to allow the driver access to a su

Now, accept direct payment into your bank account with Paytm QR

New Delhi, Dec 19 (ANI): Paytm has announced that its QR now allows offline merchants to accept unlimited payments directly into their bank accounts at zero charge. The digital payment giant announced the move in a bid to democratise mobile payments for both merchants and consumers by offering them more choices and convenience. With this development, consumers can scan and pay at merchant outlets using their preferred payment methods such as Paytm, UPI, Cards and net-banking.