Monday, July 24, 2017

.@KSRTC_Journeys ‏to buy 3019 new buses from #AshokLeyland

Chennai: Karnataka State Road Transport Corporation (KSRTC) will buy 3019 new buses from Ashok Leyland owned by Hinduja Group.The order size is about Rs. 650 crores and would be executed in the current financial year. Speaking about the order, Vinod K. Dasari, Managing Director, Ashok Leyland, said, “We are very happy to receive the confirmation of this order from KSRTC. Our ability to bring value to customers like KSRTC, is a testament to our superior technology and innovation, combined with low costs.”

Speaking on the win, T. Venkataraman, Senior Vice President, Global Buses, Ashok Leyland, said. “Our buses are durable, robust, and employ the latest in technology. The cost of ownership and the product experience which we can deliver is the best in the industry. Our in-depth understanding of what works for our markets and customers is what differentiates us and has helped us win this order from KSRTC.”

This order will fulfill requirements from KSRTC, NWKRTC, BMTC and NEKRTC. The order includes 210” WB, fully built Karnataka Saarige Bus on 210’ WB chassis, fully built Rajahamsa Bus on 222” WB, fully built non-AC sleeper coaches on 222” WB chassis and fully built Midi bus on 205” WB chassis.

.@Paytm ropes in @saanandverma AKA "Saxena Ji from @AndTVOfficial 's #BhabiJi Ghar Par Hain!

.@Paytm offering' digital gold' as cashback on transactions

Bengaluru: Paytm has partnered with gold refiner, MMTC-PAMP to allow consumers to buy gold for as low as Rs.1.Under the partnership, Paytm wallet holders could purchase 24K 999.9 purity gold online and store it in MMTC-PAMP's secure vaults free of charge.

Krishna Hegde, Snr. Vice President – Paytm said, “We have observed that many of our customers were shopping and converting their cashback into pure gold. To encourage this trend further, we are introducing cashback as Paytm Gold. Now you can save gold for long-term wealth creation irrespective of location or income level. That means, whether you are shopping online, paying utility bills or buying movie/travel tickets, you can earn pure gold kept for free in MMTC-PAMP’s secured lockers. This will transform the way the Indian consumer saves.”

Sunday, July 23, 2017

.@VijayaBankIndia net up 57 per cent in Q1, touches Rs 255 cr.

Bengaluru: Aided by a 20.59% growth in Net Interest Income and a 114.49% jump in other income, Net Profit of Vijaya Bank for June 2017 quarter zoomed by 57.55% to reach all time quarterly high of Rs. 254.69 crores. Operating Profit of the Bank registered growth of 64.05% and reached Rs. 752.55 crore for June 2017.

The Bank continued to excel in the area of Retail Credit evidenced by a substantial overall Retail Credit growth of 22.80% and a 26.41% growth in Housing Loan portfolio, in particular.

CASA Deposits have increased to Rs. 36,318 crores, up by 29.82%.  Savings Bank Deposits have recorded a growth of 29.11% to reach Rs. 28,320 crores and Current Account Deposits have increased to Rs. 7,998 crores and recorded a impressive growth of 32.42%.

The Bank continued to focus on its Assets Quality which is witnessed by a decline in Net NPA to 5.24% from 5.42% a year ago, improvement in Provision Coverage Ratio from 48.55% to 56.01% though Gross NPA Ratio remained flat at 7.30%.  CRAR of the Bank at 12.73% as of June 2017 (Basel III) is well above the prescribed minimum regulatory requirement.

The bank has made an adhoc provision of Rs 40 crore during the quarter for NPA accounts covered under Insolvency and Bankruptcy Code (IBC) effective from July 1, 2017. Vijaya Bank is required to provide an estimated amount of Rs 132 crore in respect of NPA accounts this financial year.

Thursday, July 20, 2017

.@airbusbizlab inviting B2B startups to apply for the acceleration program

Bengaluru: Bizlab a part of Airbus’ innovative strategy to bring together start-ups and Airbus “intrapreneurs” to work and speed up the transformation of innovative ideas into valuable businesses. Through its six month “acceleration programme” for early stage projects, Airbus Bizlab gives access to a large number of coaches, experts and mentors in various domains.

The call for applications for Season three in Bengaluru is now open and BizLab is inviting interested B2B startups to apply for the acceleration program.

Airbus BizLab has announced the successful culmination of its second season through a flagship event in Bengaluru. At the event, the start-ups who were selected to work with different Airbus teams in India and across the world over the last six months showcased their concept models and ideas of transforming the aerospace sector.

Tuesday, July 18, 2017

Best of @Queensland @Australia on @ColorsKannadaTV channel soon

Tourism Australia, along with Tourism and Events Queensland, has collaborated with Colors Kannada, to showcase unique Australian experiences and the stunning locales of Queensland in the popular television series ‘Radha Ramana’. The episodes showcasing Gold Coast, Moreton Island, and Brisbane is all set to go on air starting 17th July, 2017. Viewers can tune into Colors Kannada from Monday to Friday at 9.00 pm to watch the spectacular beauty of Australia on the show. Repeat telecasts will be broadcasted at 9.00 am and 2 pm the following day.

Nishant Kashikar, Country Manager, India & Gulf, Tourism Australia said, “Karnataka continues to be one of our top three focus markets in the country and we’re delighted to collaborate with Colors Kannada for Radha Ramana, a top-rated show amongst viewers in the state. During the year-ended March 2017, arrivals from Karnataka to Australia grew by 19 per cent to 25,000 visitors. These tourists spent AUD 128 Million (INR 640 crores) on their Australia holiday, with a per capita spend of AUD 5,150 or over INR 250,000. Through impactful integrations like these, our endeavour is to increase awareness and build aspiration for Australia for travellers from Karnataka. We’re confident that Radha Ramana, given its massive popularity among viewers, is an ideal platform for us to showcase Australia’s unparalleled beauty and offerings and will help us further drive visitation to the country”.

For the month of May 2017, Australia welcomed 31,000 visitors, recording the highest ever visitation in any given month from India. For the year-ended May 2017, Australia witnessed 274,500 Indian visitors, recording a growth of 15.3 per cent over the previous year, and is set to achieve fourth consecutive year of double-digit growth from India.

Friday, July 14, 2017

Company Secretaries need to master advocacy skills & courtroom etiquette

Bengaluru: Company Secretaries must have advocacy skills and courtroom etiquette to be successful in their profession said Prof Dr. Nandimath O V, Reg.National Law School of India University (NLSIU) at the he 42nd Regional Conference of Company Secretaries in B'luru yesterday.
"Advocacy refers to the process of trying to persuade others to support your position or point of view. One has to be strategic in ones advocacy. This trait was ideally associated with lawyers from time immemorial. NCLT has opened this new arena for professionals like Company Secretaries and, Chartered Accountants.

Etiquette is essential for making a good impression; especially true in the courtroom, where there are many stated and unstated, rules of conduct for litigants, attorneys, jurors and other attendees. A good courtroom etiquette can aid in a case decision being made in your favour,"
he added.
It may be noted that Central Government constituted National Company Law Tribunal (NCLT) under Section 408 of the Companies Act, 2013 w.e.f from 1st June 2016 to handle corporate civil disputes arising under the Act.
D. P. Nagendra Kumar, IRS, Principal Commissioner of Customs & Central Excise, Ritvik Pandey, IAS, Commissioner of Commercial Taxes, Rostow Ravanan, CEO & Managing Director, Mindtree Ltd,CS Sethuraman K, Chief Compliance Officer and Group Company Secretary, Reliance Industries Limited were some of the other speakers at the conference.

Tuesday, July 11, 2017

Demand for Kannada in banking activities #NammaBankuKannadaBeku

Bengaluru: As the debate over the use of Hindi in Namma Metro rages on, the demand for use Kannada in banks is now gaining momentum. Kanada language proponents have now launched a new twitter campaign to with the Hashtag #NammaBankuKannadaBeku. Ramachandra M wrote on twitter "By not serving Kannadigas in their language, the banks have made a literate kannadiga to look for help from other." Srivatsa wrote Why deny people banking services in their own language & in their own state? This must be implemented.

Despite repeated requests by karnataka state government none of the nationalised banks so far have not implemented the compulsory ‘Tribasha Sutra’ (three-language policy) while preparing challans, passbooks, loan applications, account opening forms, fixed deposit certificates, etc.
During the State-Level Bankers Committee meeting earlier Chief Minister Siddaramaiah urged nationalised banks and local banks to conduct day-to-day business in Kannada. Facilities provided by nationalised banks and local banks were not reaching the rural masses because of the language problem. The use of Kannada in day-to-day banking activities will generate employment opportunities for persons knowing Kannada in the banking sector.

.@AxisBank to facilitate trade with Latin America and the Caribbean

Mumbai: Axis Bank in collaboration with Inter-American Investment Corporation (IIC) will help traders boost relations between India and Latin America and the Caribbean. Axis Bank is the first Indian Bank to participate in the Trade Finance Facilitation Program (TFFP) as a confirming bank.
The IIC, acting on behalf of the IDB, is recognized as an honest broker in the region. The value comes from being able to unite the experience of the public sector with the expertise and agility of the private sector.
Latin America, over the past decade has emerged as a flourishing export-import market for India and rivals the other developing continent Africa. With increasing trade relations between the two and considering the potential for the overall economy, the collaboration aims to foster bilateral trade relations by allowing ease of transactions.
Commenting on the announcement, Sidharth Rath, Group Executive, Corporate Banking and Transaction Banking, Axis Bank, said “We are pleased to announce our relationship with the IIC as our partner in Latin America. By virtue of this collaboration, we will further strengthen our international trade relations in the region. We are looking at growing trade financing overseas and this is another step towards serving our customers internationally. We are confident that this partnership will accelerate trade relations between India and the South American continent.

Medical startup @PrimecareBlr celebrated 100th baby birth at Embrace in Frazer Town #Bengaluru


Speaking on the occasion, Dr. Syed Naveed Azam, Group Medical Director said, “Our team of doctors, clinical staff and non-clinical staff couldn’t be happier with the progress Embrace by PRIMECARE has made since first opening its doors in January 2017. The fact that we have more than 250 families we are taking care of at present, is a testimony to our commitment of providing quality healthcare clubbed with best supporting infrastructure and services.”