Friday, November 27News That Matters

Author: iimmbang_btnews

Call For “GAON BANDH”: Farmers Block Transport Of Produce Outside Villages In 7 States

Call For “GAON BANDH”: Farmers Block Transport Of Produce Outside Villages In 7 States

India
The farmers of seven states have organised a protest for the first ten days of June on the first anniversary of farmers' protest in Mandsaur during which five protesters were killed in police firing. The agitation is to protest the police firing that took place on June 6 last year. Many farmer organisations across India have called for "Gaon bandh" from June 1-10 during which no farm produce would be allowed to be transported outside villages. The strike is likely to affect the supply of milk, fruits and vegetables in cities and towns. Sandeep Gidde, coordinator of the strike, said, “Starting Friday, we will stop the supply of milk and vegetables to cities. Farmers will station themselves along highways to stop vehicles transporting milk and vegetables.” He expressed confidence that the
Bihar Govt to develop e-transport infra

Bihar Govt to develop e-transport infra

India, LifeStyle
The state industries department will soon develop a manufacturing unit of electric vehicles spread over an area of 79 acres in Sasaram and owned by the Bihar Industrial Area Development Authority (BIADA). It will also come up with the Bihar Electric Vehicle Policy which will deal with issues related to the manufacture of electronic vehicles, their maintenance, charging stations and batteries. An announcement in this regard was made by industries minister Jai Kumar Singh at a conference in Patna on Thursday to promote the use of e-vehicles. Addressing the conference, Singh said, “Over the past few years, e-rickshaws have made a remarkable growth across the state. However, at present, we lack infrastructure to support an e-transport system across Bihar. Focusing on development of the req
Logistics sector could be goldmine of jobs in India says report

Logistics sector could be goldmine of jobs in India says report

Logistics
Infrastructure investment and GST implementation will help Logistics industry grow at 10.5% CAGR states TeamLease report titled ‘Indian Logistics Revolution - Big Bets, Big Jobs’. According to the report, public investment coupled with consumption and industry evolution will drive the growth of the INR 14,19,000 crore Logistics sector. The impact of each of these factors on the seven sub-sectors 1) Road Freight 2)Rail Freight 3)Warehousing 4)Waterways 5)Air Freight 6)Packaging and 7)Courier Services is likely to result in 3 million new jobs, upping the employment numbers in the sector from 10.9 million (current) to 13.9 million by 2022.   As per the 2018 budget, public investment of INR 6 Lakh crore has been promised to infrastructure, of which 50%, .i.e. INR 3 Lakh crore will b
Challenges faced by online logistics startups being Disruptive

Challenges faced by online logistics startups being Disruptive

Logistics
In the recent years, digitisation has led to disruption of major industries and sectors, transforming business processes and functions. Logistics, however, has been one of the least impacted sectors. This is slowly changing as the next generation entrepreneurs from the freight forwarding community are taking up the challenge of disrupting the sector through innovative digital solutions. With a fresh focus on organising the sector, streamlining pricing and operations and introducing automated and transparent processes, the new age digital logistics start-ups are bringing in a fresh wave of reforms, even as the sector continues to hold on to the set systems and processes of the past. Key Challenges Faced By Logistics Startups Transition From Offline To Online For decades, the logistics
Logistics all set to become the largest infrastructure jobs engine for India

Logistics all set to become the largest infrastructure jobs engine for India

Business & Corporate, Logistics
Infrastructure investment and GST implementation will help the logistics industry grow at 10.5% CAGR, says a TeamLease report titled ‘Indian Logistics Revolution - Big Bets, Big Jobs’. According to the report, public investment coupled with consumption and industry evolution will drive the growth of the Rs 14,19,000 crore logistics sector. The impact of each of these factors on the seven sub-sectors 1) Road Freight 2)Rail Freight 3)Warehousing 4)Waterways 5)Air Freight 6)Packaging and 7)Courier Services is likely to result in 3 million new jobs, upping the employment numbers in the sector from 10.9 million (current) to 13.9 million by 2022. As per the 2018 budget, public investment of Rs 6 lakh crore has been promised to infrastructure, of which 50% i.e. Rs 3 lakh crore will go into bui
Q4 net loss widens to Rs 900 crore; Reported by MTNL

Q4 net loss widens to Rs 900 crore; Reported by MTNL

Business & Corporate
State-run telecom operator MTNL today reported widening of standalone net loss to around Rs 900 crore in the quarter ended March 2018.The company had posted a net loss of Rs 634.8 crore in the same period a year ago.Total income of MTNL on a standalone basis declined by 31.4 per cent to Rs 660.02 crore in the last quarter of 2017-18 from Rs 963.12 crore posted in the corresponding quarter of 2016-17.For year ended March 31, 2018, the loss of MTNL on a standalone basis widened to Rs 2,973.03 crore from Rs 2,941.08 crore it posted a year ago.
ixigo Wins Best UI/UX App Award at Google India Apps Summit 2018

ixigo Wins Best UI/UX App Award at Google India Apps Summit 2018

Tours & Travels
ixigo, India’s leading travel search marketplace, has bagged the ‘Best UI/UX App’ for its flights app at Google India Apps Summit 2018 held in Bengaluru on 29th of May. Honoring creativity, innovation, design and user experience in app design, the Google India Apps Summit awards are chosen by a panel of industry experts after a thorough evaluation and app review. Commenting on the award win, Rajnish Kumar, ixigo CTO & Co-founder said, “We are thrilled to receive this award at Google India Apps Summit, the industry’s most coveted event. ixigo has been at the forefront of technology, design and UX innovation that empowers travellers. Our recent usability enhancements and design revamp has resulted in a near-doubling of the conversion rates in our flights and hotels app. Our new UX des
Snapdeal Launches Travel Store

Snapdeal Launches Travel Store

Business & Corporate
Snapdeal has set-up a travel store that helps buyers with travel necessities at affordable prices. With the holiday season ahead, the store is aimed at helping users with a one-stop destination to buy must-have products and also the good to have ones for a vacation in mountains, beaches and more. The newly launched store consists of products across categories like hiking, luggage, entertainment, travel accessories, road trip, toiletries and clothing for travel. Following are the highlights of the latest online store: Luggage & Accessories: Pack the right items for your travel and make yourself feel comfortable. Grab travel pillows, eye masks, earplugs in different colours and patterns at Rs.229, Rs.159 and Rs.259 respectively. The classy yet simple luggage bags and travel duffe
HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit

HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit

Market
HDFC Bank has once again been recognized with the Champion Security Award at the 14th Visa Asia Pacific Security Summit. For the second time in a row, the bank has won the award in the India & South Asia category. The Award is a mark of excellence reflecting leadership in risk management and payment security performance. “Congratulations to HDFC Bank on receiving their Visa champion security award. HDFC Bank has reliably exhibited a high level of risk management proficiency, which has constantly created a safe payment environment for consumers and merchants in India & South Asia. The award recognizes banks who apply international best practices to every aspect of keeping electronic transactions secure,” Shivakumar Sriraman, Chief Risk Officer-India & South Asia, Visa, said.
Govt likely to allow 100% FDI in insurance broking, but with caveats

Govt likely to allow 100% FDI in insurance broking, but with caveats

Business & Corporate
The government is likely to approve 100 percent foreign direct investments (FDI) in insurance broking. From sources told that the approval will, however, come with caveats such as having a certain percentage of Indian members on the board as well as curbing outsourcing of activities. Insurance intermediaries like brokers, corporate agents as well as insurance companies so far were allowed a maximum permissible limit of 49 percent FDI, while the remaining 51 percent was to be held by Indian entities. We have been making representations to the government to allow up to 100 percent FDI in insurance broking. The government has agreed to consider our request, although with certain restrictions,” a senior executive of a large broking firm said.