Global talent management consulting firm Development Dimensions International (DDI) today announced appointment of Amogh Deshmukh as Managing Director of DDI India.
Deshmukh has over 17 years of professional experience and has been associated with DDI India as the Head of Sales and Marketing.
Deshmukh's primary focus will be to strengthen DDI's overall strategic position and to further build DDI's competitive advantage in the talent management space in India.
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57 UK-India partnerships in education, research announced * As many as 57 UK-India education & research partnerships worth over 1.6 million pound have been announced with an aim of enhancing educational links between the countries.
At an event hosted by the British Council, Secretary of State for Business Greg Clark announced 57 new UK India partnerships ranging from social sciences, engineering, human health, climate research and data science these partnerships have been announced under UKIERI and will be implemented jointly by institutions in the UK and India.
UKIERI, a bilateral education and research programme funded by the UK and Indian government.
"Over the last ten years, new joint UK-India research and academic exchanges have brought joint investments worth over 200 million pound and UKIERI has been an important part of that success. Over 1,000 UK-India partnerships have been created, leading to 25,000 exchanges of academics and researchers," Clark said.
Fiat Chrysler launches Punto EVO Pure priced at Rs 4.92 lakh
* Fiat Chrysler Automobiles India today launched its new hatchback Punto EVO Pure priced at Rs 4.92 lakh (ex-showroom Delhi).
The Punto EVO Pure replaces Punto Pure in the portfolio and becomes the entry-level offering under the Fiat brand, the company said in a statement.
The new car is powered by a 1.2-litre petrol engine with a maximum power of 68 PS at 6000 rpm.
"With the Punto EVO Pure, our entry-level offering in the Fiat portfolio becomes stronger," FCA India President and Managing Director Kevin Flynn said.
Tata Asset Management restructures Tata Corporate Bond Fund * Tata Asset Management today announced the restructuring of its corporate bond fund in order to meet investor needs for funds with an accrual focus.
The scheme would endeavour to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum.
"Currently there is a worrying possibility of rising interest rates. In such a scenario, our fund management view is that a low duration strategy would help on account of low price volatility and accrual income generation.
"The current portfolio strategy would be to keep a short average maturity, thereby limiting interest rate risk," the company said in a statement.
Established in 1994, Tata Asset Management has a pan- India retail oriented presence with branches across 72 locations.
Amazon launches Fire TV Stick for Rs 3,999
* Global e-commerce major Amazon today launched its Internet streaming device, Fire TV Stick, in the Indian market, priced at Rs 3,999.
The device, which will be available on Amazon India and select retailers like Reliance Digital and Croma, will compete with devices like Google Chromecast, Amkette's EvoTV and Apple TV among others.
A global e-commerce marketplace giant, Amazon only has its Kindle e-book readers selling under its own brand in India.
"We launched Amazon Prime video in December 2016 and we have seen a tremendous response. Now, Fire TV Stick is set to transform TV viewing and make the Prime experience even better," Amazon India Senior Vice President and Country Manager Amit Agarwal said.
As an introductory offer, buyers of Fire TV Stick and annual Prime subscription will receive a Rs 499 credit back to their Amazon Pay balance.
Besides, customers purchasing Amazon Fire TV will get also get free 100 GB high speed data via Airtel broadband/ Airtel 4G Home Wi-Fi to enable them to consume online content on their TV.
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New Ficci Ladies Organisation President takes over * Vasvi Bharat Ram has taken over as the President of Ficci Ladies Organisation (FLO), the oldest women business chamber of Southeast Asia.
FLO is the women's wing of Federation of Indian Chambers of Commerce & industry (Ficci).
Bharat Ram is the Joint Vice Chairperson of the Executive Committee of The Shri Ram School and a member of Shri Educare Limited. Both these entities set up and run education institutions both in India and abroad.
"Her diligent approach to business and her conscientious initiatives towards the society has been a testimony of her Leadership skills and traits.
"A multifaceted personality, Bharat Ram been associated with several Industry bodies, trade and women's welfare organisations," Ficci said.
WINIT wins biz from MNCs including P&G, Bajaj, Colgate
* IT start-up firm WINIT, which deals in mobile sales automation, today announced new contract wins from global companies like Procter & Gamble (India), Bajaj Corporation (India), Colgate Palmolive (Saudi Arabia), Olam (Nigeria) and National Food Products Company (NFPC Group) Dubai.
The company already has partnered with leading FMCG companies as its clients like Kwality Ice Cream, Bisleri, Baskin-Robbins to name a few.
"Our single minded focus on improving the sales efficacy and revenue maximisation for clients has been the key to our success," WINIT CEO Prakash Sreewastav said in a statement.
Advantedge on-boards Ango Health, Unanth to incubator program * Venture capitalist firm Advantedge has on-boarded start- ups Ango Health and Unanth to its six-month Incubator program.
"Ango Health and Unanth both demonstrated a fantastic value proposition and we are glad to have them join our program," Advantedge General Partner Kunal Khattar said in a statement.
Ango Health is a personalised pregnancy management platform that improves the quality of care received by expecting mothers. Unanth is a vernacular online IT learning marketplace targeted at engineering students and software professionals.
Advantedge run incubator program, based in Delhi NCR, and an early stage technology fund. It has made 18 investments so far in pioneering companies like Shuttl, TrulyMadly, Rapido, Smartivity, IndiaLends, ScoopWoop and IIMJobs etc.
"We are investing upto Rs 15 lakh in each startup, in addition to various facilities that come as a part of our incubator program such as modern infrastructure, mentor network and advisory council, on call-support services etc," Khattarr said.