Company secretaries' apex body ICSI has started a month-long initiative to rope in more corporates and law firms, among others, for imparting training to students pursuing company secretary programme.
The Institute of Company Secretaries of India (ICSI) would be running the initiative 'Ascentia 2016' this month.
In a release today, ICSI said it is "conducting a special drive across the country to register maximum number of companies/law firms/practising company secretaries/other entities with institute for imparting training to CS students".
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Chennai Angels invests in Delhi-based startup
*The Chennai Angels has made an investment of Rs 2.50 crore in Delhi-based startup Agile Parking Solutions, engaged in smart parking technology.
"Automotive customers now seek real-time solutions and a triangulation of location, service aggregation, payments and community shared feedback to delight personal journeys with," Sudhir Rao representing IndusAge Partners, who led the investment from The Chennai Angels said, in a statement.
"The (Agile Parking Solutions) team is driving towards a platform to delight its customers. Within eight months of commercial operations, they are at the cusp of servicing over a million transactions a month in the NCR region alone," he said.
Canara HSBC OBC Life launches online Linked plan iNVESTSHIELD
Canara HSBC Oriental Bank of Commerce Life Insurance today launched a new linked insurance product 'iNVESTSHIELD' that is aimed to protect and meet a customer's present and future financial needs.
INVESTSHIELD is an exclusive online Linked plan designed for customers who are looking for a hassle free experience and convenience of buying online, the private insurer said in a release issued in Mumbai.
"We have launched iNVESTSHIELD plan with objective of helping investors in wealth accumulation and protecting one's family needs, especially for young parents, as in case of any unfortunate event, the product offers policy continuity without payment of any future premiums," Canara HSBC OBC Life Chief Executive Officer and Whole-time Director Anuj Mathur said.
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Mondelez launches Cadbury Dairy Milk Marvellous Creations * Confectionery giant Mondelez, which makes Cadbury chocolates, today launched its global product Cadbury Dairy Milk Marvellous Creations in India.
Cadbury Dairy Milk Marvellous Creations will be available in Jelly Popping Candy and Cookie Nut Crunch flavours and will be priced at Rs 39 for 35g and Rs 80 for 75g.
The products will be manufactured at the company's manufacturing facility in Sri City in Andhra Pradesh.
"Indian consumers now demand unique formats and eat experiences and given our global leadership in chocolate, we are well positioned to identify and bring some of our world leading brands to India," Mondelez India Director-Marketing (Chocolates) Prashant Peres told reporters in Mumbai.
Mondelez is a market leader in the Rs 7,000-crore chocolate industry in India with 65 per cent market share.
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E-com firm Handikart to offer handicrafts
Handikart, an online market place, offering over 1,000 handmade products across 27 categories, including black pottery, waste art, Zari, sea shell, was launched today.
"Initially, our focus will be to target the Delhi-NCR market. Around 1,000 products across 27 categories will be available presently.
"We plan to expand it to 75 categories with 10,000 products in the near future. We aim to give the Indian buyer an opportunity to experience the splendid craftsmanship of Indian artisans by bringing the vast variety of exquisite handmade products from across the nation," said Priyank Vashney, Founder Handikart.
The products, he said, will be sourced from various home sellers, untouched and downtrodden artisans from across the country.
Geometric completes amalgamation with HCL Tech, 3D PLM
* IT firm Geometric said its amalgamation with HCL Technologies and 3D PLM Software Solutions has become effective from today.
"The Scheme of Arrangement and Amalgamation between Geometric, HCL Technologies Limited and 3D PLM Software Solutions has become effective on March 2, 2017," Geometric said in a statement.
Under the transaction, the entire business of Geometric has been transferred to HCL, it added.
Simultaneously, Geometric has been merged into 3D PLM, it said.
In April last year, HCL Technologies had signed an agreement to acquire all the business of Geometric in an equity swap deal.
The acquisition, however, excluded the 58 per cent stake that Geometric owned in a joint venture -- 3D PLM Software Solutions Ltd -- with Dassault Systemes.
Mumbai-based Geometric is a product life cycle management consulting, mechanical engineering and manufacturing engineering services provider.
HCL Technologies is India's fourth largest IT services firm.
The deal will help HCL Technologies target the rapidly growing manufacturing engineering and PLM services market more aggressively. It also strengthens HCL's automotive and industrial practices.
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Eicher Polaris rolls out BS IV-compliant Multix * Eicher Polaris, a 50:50 joint venture between Eicher Motors and Polaris Industries, has achieved full compliance with BS IV emission norms for its personal utility vehicle Multix.
The company has achieved compliance way ahead of the Environment Pollution Control Authority's regulation deadline of April 1, Eicher Polaris said in a statement.
"Manufacturing vehicles that follow emission norms are a critical regulatory requirement and it is only prudent for all of us to catch up with the trends and make suitable products for our customers," Eicher Polaris CEO Pankaj Dubey said.
Roll-out of BS IV variants in advance is something that justifies the company's vision and mission for the future, he added.
A year after its launch, the company now markets the vehicle in 13 states across the country. Eicher Polaris also plans to expand dealership network to 150-plus markets by third quarter of 2017 with the BS IV-compliant Multix variants.
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'Global cooperation needed to bust international cartels' * Competition authorities across the world should actively cooperate to bust international cartels, John M Connor, Professor Emeritus at US-based Purdue University has said.
He was speaking at an event organised by non-profit group CUTS International and CUTS Institute for Regulation and Competition in New Delhi on Wednesday.
A major problem faced by competition authorities is that they do not get cooperation from countries in acting against global cartels, Connor said.
