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Royal Enfield Rides into Brazilian Market

21Apr By Press Trust of IndiaNo Comments

INDIA, News

Royal Enfield Rides into Brazilian Market

Niche bike maker Royal Enfield today announced its entry into Brazil, the fourth largest two-wheeler market in the world. The company has entered the Latin American country with three models-- Bullet 500, Classic 500 and the Continental GT cafe racer. It has set up its second direct distribution subsidiary outside India in Brazil, with having established the first such entity in the US in 2015. The newly-formed subsidiary - Royal Enfield Brazil - at Sao Paulo will sell bikes to dealers, as well as conduct all front-end development and support activities such as marketing and after-sales in the country. A flagship store has also been opened in the city. "We are delighted to be formally entering Brazil, and are able to offer our motorcycles to a whole new group of customers, that...

TCS partners social organisation for online teaching community

21Apr By Press Trust of IndiaNo Comments

BUSINESS

TCS partners social organisation for online teaching community

IT firm Tata Consultancy Services (TCS) today said it has partnered Jnana Prabodhini, a social organisation, to build the world's largest online community of teaching professionals. As part of the association, TCS iON (a unit of TCS) will work with Jnana Prabodhini to offer a platform to teachers for contributing and collaborating with peers and experts, a statement said. The community will also provide a range of certification courses and training programmes to help participants to enhance their skills and work towards academic and professional success.

95% Engineers in India Unfit For Software Development Jobs

21Apr By Press Trust of IndiaNo Comments

ANALYSIS

95% Engineers in India Unfit For Software Development Jobs

Talent shortage is acute in the IT and data science ecosystem in India with a survey claiming that 95 per cent of engineers in the country are not fit to take up software development jobs. According to a study by employability assessment company Aspiring Minds, only 4.77 per cent candidates can write the correct logic for a programme — a minimum requirement for any programming job. Over 36,000 engineering students from IT related branches of over 500 colleges took Automata — a Machine Learning based assessment of software development skills — and over 2/3 could not even write code that compiles. The study further noted that while more than 60 per cent candidates cannot even write code that compiles, only 1.4 per cent can write functionally correct and efficient code. “Lack of p...

Wipro Fired 600 Employees Post Performance Appraisal

20Apr By Press Trust of IndiaNo Comments

News

Wipro Fired 600 Employees Post Performance Appraisal

The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as part of its annual “performance appraisal”. According to sources, Wipro has shown the door to about 600 employees, while speculation was rife that the number could go as high as 2,000. At the end of December 2016, the Bengaluru-based company had over 1.79 lakh employees. When contacted, Wipro said it undertakes a “rigorous performance appraisal process” on a regular basis to align its workforce with business objectives, strategic priorities of the company, and client requirements. “The performance appraisal may also lead to the separation of some employees from the company and these numbers vary from year to year,” it added. The company, however, did not comment on the number ...

Indian American CEO Ordered to Pay $135K to Former Worker

19Apr By Press Trust of IndiaNo Comments

USA

Indian American CEO Ordered to Pay $135K to Former Worker

An Indian-American CEO has been ordered to pay USD 135,000 to her former domestic worker after a Labour Department investigation found she underpaid and mistreated her. Himanshu Bhatia, CEO of Rose International and IT Staffing, will have to pay her former live-in domestic service worker back wages and damages under the terms of a consent judgement entered into the US District Court for the Central District of California. Ads by ZINC The judgement, entered on April 11, resolves a complaint filed by the US Department of Labour in August last year. An investigation by the departments Wage and Hour Division found that Bhatia willfully and repeatedly violated federal labour laws minimum wage and record keeping provisions from July 2012 to December 2014. The complaint alleged that...

18Apr By Press Trust of IndiaNo Comments

BLOGS

How To Get The Cheapest Flight Tickets

Mumbai: Even as Indians have started to go for holidays frequently, still 72 per cent do not know the best time to book travel, according to a survey. A survey by Skyscanner revealed that 72 per cent of Indian travellers do not know the best time to book travel for their holidays. It said 31 per cent of respondents correctly assume booking more than 12 weeks in advance is the best time to book flights. Additionally, 11 per cent feel that booking last minute is the key for getting a good deal, it added. It revealed that bookings for Bali and Kuala Lumpur are best secured 25 weeks prior to departure, however, both destinations receive most bookings two weeks prior to departure where flight prices witness a surge of 16 per cent and 11 per cent, respectively. Travellers with sights set ...

Insurance regulator Irdai Unveils Portal For Insurers to Sell Policies Online

16Apr By Press Trust of IndiaNo Comments

News

Insurance regulator Irdai Unveils Portal For Insurers to Sell Policies Online

Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal isnp.irda.gov.in is also open to intermediaries in insurance business, Irdai said in a circular. Last month Insurance Regulatory and Development Authority of India (Irdai) issued guidelines on e-commerce for insurance sector. Announcing the launch of registration portal for Insurance Self Networking Platform (ISNP), Irdai said insurance companies, brokers and corporate agents can sell and service insurance policies through this platform. Insurers and intermediaries can create a login credential for registration and submit ISNP application form on the portal. In its guidelines issued in March, Irdai had said that companies may offer discount...

Now Earn Rs 10 For Every Person You Refer to The BHIM App

14Apr By Press Trust of IndiaNo Comments

INDIA

Now Earn Rs 10 For Every Person You Refer to The BHIM App

Prime Minister Narendra Modi on Friday suggested an easy way for youngsters to make a quick buck this summer vacation. He said for every person you introduce to the BHIM app, you will get a cash back of Rs 10. "If you refer a mere 20 people a day to the app, you can earn Rs 200," he said. Notably, the PM had recently expressed gratitude to the people saying over the last few months the country had witnessed an atmosphere in which people in large numbers participated in the digital payment, the 'Digidhan' movement. Pushing for a less-cash economy, PM Narendra Modi said the government's 'DigiDhan' movement for digital payment is a step towards curbing the menace of corruption. While paying rich tributes to Dr B R Ambedkar on his 126th birth anniversary at the Deekshabhoomi here, ...

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

13Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy. "We still have a little bit of work in reducing friction to businesses. We need to create an environment where the government has more trust in its entrepreneurs than it is today," Murthy, 70, told students of the prestigious Darden School of Business at the University of Virginia here. Murthy, the recipient of the 2017 Thomas Jefferson Foundation medal in Global Innovation, was responding to Darden School of...

11Apr By Press Trust of IndiaNo Comments

News

Flipkart to Grow With Careful Considerations to Costs: Binny Bansal

Flipkart Co-founder Binny Bansal said while the latest funding round provides the fuel the company needs to reach its goal of transforming commerce in India through technology, it should continue to grow its business with careful considerations to costs. "I must stress that we still have some distance to go before fulfilling our mission - to transform commerce in India through technology. And, while this funding round provides the fuel we need need to reach that goal, we have to continue growing our business with careful considerations to costs," he said in a mail shot-off to his employees after raising USD 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc. "I look forward to your continued support," he added. The announcement comes in the wake of Flipkart, India's la...

Flipkart to Re-Enter Grocery Segment: Flipkart CEO Kalyan Krishnamurthy

9Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Flipkart to Re-Enter Grocery Segment: Flipkart CEO Kalyan Krishnamurthy

Locked in an intense battle with Amazon, homegrown e-commerce major Flipkart is looking at re-entering the grocery segment that accounts for a significant portion of Indias retail industry. "Yes we will get into grocery... 80 per cent of units bought in India is grocery... USD 400-600 million is grocery market, so we have to get into it," Flipkart CEO Kalyan Krishnamurthy said at a TiE event here. This will be the second attempt into the grocery segment for the Bengaluru-based firm. In October 2015, Flipkart had launched a separate groceries ordering app called Nearby for delivering fruits, vegetables, soaps and other staples from supermarkets to customers. However, following a weak response, Flipkart closed the business a few months later. Flipkarts rival Amazon India has launched it...

Ola readies big push for electric vehicles in India

9Apr By Press Trust of IndiaNo Comments

News

Ola readies big push for electric vehicles in India

SoftBank-backed Ola will soon launch a pilot to test electric vehicles on its platform in the country. Ola, which is locked in an intense battle in the Indian market with US-based Uber, is expected to roll out its pilot in cities like Nagpur in the coming months. Ola CEO and co-founder Bhavish Aggarwal today said the company will pilot electric vehicles in Indian cities this year, but did not disclose details. "Electric vehicles can transform transportation completely in India by enabling lower cost of operation and ownership," he said. In December, Softbank Group chairman Masayoshi Son had said Ola may introduce one million electric vehicles in India over the next five years. Ola's push comes even as sales of electric vehicles in India has remained sluggish despite government ...