Krishnapatnam Port Company Ltd today said it has joined the relief and rescue operations in flood-hit Chennai.
The company is reaching out to the distressed people in the affected areas through CVR Foundation, carved out for CSR activities.
"To support the scale up of emergency efforts and to reach out to the people of Chennai who have borne the brunt of the deluge, the foundation immediately provided assistance to support critical needs, delivered urgent medical relief, and deployed specialist teams," Krishnapatnam Port said in a statement.
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DRL inks pact with LSSSDC, VIPER to train manpower * Dr Reddy's Laboratories (DRL) has signed a pact with the Life Sciences Sector Skill Development Council (LSSSDC) and Vishnu Institute of Pharmaceutical Education and Research (VIPER) to develop a pool of skilled manpower in the sector.
The partnership is aimed at fostering the market research collaboration between LSSSDC and industry partners that in turn will help align educational courses to industry requirements, Dr Reddy's said.
Commenting on the development, Dr Reddy's Laboratories Chairman Satish Reddy said: "Our collaboration with LSSSDC and VIPER will go a long way in developing the right talent pool of skills, in line with future needs of the Indian industry."
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Tata Power gets HC nod for amalgamation of NSW with arm * Tata Power today said that Bombay High Court has approved amalgamation of NewGen Saurashtra Windfarms Ltd (NSW) with its arm Tata Power Renewable Energy Ltd.
"Vide order dated December 4, 2015, the Bombay High Court sanctioned the Scheme of Amalgamation of NewGen Saurashtra Windfarms Limited with Tata Power Renewable Energy Ltd (a wholly owned subsidiary of the company) and their respective shareholders and creditors," Tata Power Company Ltd said in a BSE filing.
According to the statement, the authenticated copy of the final order is still awaited.
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NASSCOM, IBM launch Delhi edition of Techstartup.In * In order to accelerate digital transformation at the start-up level, IT industry body Nasscom in partnership with IBM today launched Techstartup.In on IBM Cloud in Delhi today.
IBM today launched Techstartup.In on IBM Cloud in Delhi today.
Techstartup.In was first launched in Bengaluru in October 2015.
The new localised Delhi version of the site is designed to help stimulate innovation in Delhi while spurring growth within the entire Indian start-up economy, Nasscom said in a statement.
Techstartup.In is networking platform to stimulate local innovation and grow the economy.
* Directi Group rolls out app-based meal vouchers
Meal voucher booklets will now be available through smart phone application Zeta Meal Vouchers, a meal searching platform.
Zeta is the newest portfolio of Directi Group, which has introduced the mobile-based meal voucher platform.
This solution provides Human Resource managers a simple desktop interface that can be used to initiate transfer of meal vouchers to hundreds of employees at one go, the company said in a statement.
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* Bajaj Allianz Life launches micro-term insurance plan
Private insurer Bajaj Allianz Life Insurance today launched a plan targeting mainly people from small income groups coming from rural areas.
The minimum premium of the micro-term scheme, 'Bima Dhan Suraksha Yojana', is capped at Rs 1,500 annually, or Rs 200 monthly, Bajaj Allianz Life said in a statement.
For a longer policy term (maximum 10 years), a person can get a protection cover (sum assured) of up to 35 times of the annual premium if he/she opts for regular premium before the age of 35 years, it said adding the plan can be bought at the age of 18 and up to 60 years. The plan has three policy terms of 5, 7 and 10 years.
OnMobile divests speech technology assets for 650,000 euros
* OnMobile SA, a wholly-owned subsidiary of value-added services provider OnMobile Global, today said it will divest certain speech technology assets to Voicebox Technologies France for 650,000 euros (Rs 4.72 crore).
"This divestiture is in line with the company's plan to concentrate its energy and resources on strategic initiatives.
"The speech recognition technology that OnMobile acquired through Telisma in 2008 has served its business needs well, but is no longer imperative for OnMobile's new offerings, which are focused on smartphone apps," Florent Stroppa OnMobile SA Managing Director said.
The transaction is expected to close by January 31, 2016, he added.
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IndiaMART founder Dinesh Agarwal invests in ProcMart * B2B marketplace startup ProcMart has raised an undisclosed amount in an angel funding from IndiaMART founder and CEO Dinesh Agarwal.
An intelligent business procurement marketplace based out of Noida and Pune, ProcMart connects buyers and sellers through its application.
"B2B commerce is a very interesting and a complex space. There are a plethora of issues pertaining to buyer and supplier discovery, developing transparency and trust between the buyers and sellers, reducing the turnaround time per transaction, streamlining logistics, easy financing etc," Anish Popli ProcMart Founder and CEO said.
Thus, there are ample number of opportunities in this space, he added.
Axis Finance to increase borrowing powers to Rs 15,000 cr
* Axis Finance today said the company plans to increase its borrowing powers to Rs 15,000 crore.
Of the enhanced borrowing limit, Rs 2,000 crore will be through non-convertible debentures, the company said in a regulatory filing.
"The company will be having its board meeting on the April 12, 2016, wherein it is proposed to increase the borrowing powers to Rs 15,000 crore of which an amount up to Rs 2,000 crore will be through non-convertible debentures (NCDs)", it said.
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Vuclip appoints Paritosh Shukla as Global HR Head * Vuclip, a premium video-on-demand service, today said it has appointed Paritosh Shukla as its Global Head of Human Resources to support growth and momentum for the company.
This comes on the heels of a successful launch of Viu in Hong Kong, Singapore, Malaysia and India.
The company has plans to hire more than 100 employees, including top talent across the Asian and the Middle Eastern markets in the next nine months, Vuclip said in a statement.
Prior to his appointment, Shukla worked as GM HR at Samsung Electronics, South West Asia Business Unit.
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Gadgets 360 clocks 14 million unique visitors * Gadgets 360, NDTV's e-commerce venture, today said it has clocked nearly 14 million unique visitors from the country.
Citing data from analytics firm comScore, Gadgets 360 said nearly 6.25 million people visited the platform on the desktop and another 7.55 million unique visitors from smartphones.
The total number of visitors on Gadgets 360 were greater than the next five websites put together, underlining Gadgets 360's position as the undisputed leader of the tech space in India, it added.
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IndusInd Bank launches 'IndusInd For Sports' for stakeholders * Private sector IndusInd Bank today announced the launch of its non-banking sports vertical, 'IndusInd For Sports', to make sports an integral, intrinsic and strategic element for internal and external stakeholders.
Using the unique power of sports to attract, mobilise and inspire, 'IndusInd For Sports' attempts to bring out the sporting best - human values, inclusion and sustainability, the bank said in a release.
The vertical will entail year-long engagement activities for customers, employees and the community through well thought-out programmes.
Vikram Solar partners Germany's teamtechnik to raise capacity
* Vikram Solar has partnered with German firm teamtechnik to support its expansion plans of increasing manufacturing capacity to 2 GW by 2019.
"Today, both companies signed a MoU for the collaboration in the presence of Finance Minister of West Bengal, Amit Mitra. Vikram Solar is set to expand its module production from current 500 MW to 2 GW by 2019," it said in a statement.
Vikram Solar plans to invest more than Rs 400 crore in the project, creating around 3,000 additional jobs. Vikram Solar's module production capacity, which is currently at 500 MW, is to be expanded to 2 GW by 2019, it said
Teamtechnik will supply solutions and machines for solar module production and put them into operation as well as train operations managers, process engineers and service technicians at Vikram Solar.
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Yes Bank begins payment services under UPI * Private sector Yes Bank today said it has commenced Unified Payments Interface (UPI) services by partnering with 50 businesses.
"Yes Bank has commenced first of its kind Unified Payments Interface (UPI) services by partnering with 50 businesses, to catalyse one of the biggest payment innovations in the banking universe with an aim to make fund transfer easier and move towards a cashless economy," it said in a release.
The UPI framework will enable low cost, high volume, electronic payments straight from the user's smart phone and will make transactions instant, secure and interoperable, it said.
Launched by RBI entity National Payments Corporation of India (NPCI), UPI is set to revolutionise the digital banking in India and enable hassle free payments.
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Surya Roshini Q1 up 8.13% to Rs 13 cr
* Lighting goods and GI pipemaker Surya Roshini Ltd today posted 8.13 per cent increase in its standalone net profit to Rs 12.90 crore for the first quarter ended June 30, 2016.
The company has posted a net profit of Rs 11.93 crore in April-June quarter a-year ago, Surya Roshini informed BSE in a filing.
Its net sales during the period under review was up 5.55 per cent to Rs 804.35 crore as against Rs 761.99 crore of the corresponding quarter of the previous fiscal.
Meanwhile, in a separate filing Surya Roshini informed that its board in a meeting held today has formed a business reorganisation committee for "formulation of sustainable options of realignment, reorganisation and restructuring of its business".
Shares of Surya Roshini today settled at Rs 203.50 on BSE, up 2.60 per cent from previous close.
