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Industries that have Grown in the Past Year

27Oct By AnkitaNo Comments

BUSINESS

Industries that have Grown in the Past Year

Businesses have been struggling and some will continue to struggle even after the pandemic is over. It is clear that businesses that rely on physical presence didn’t have a great time during this crisis, but there are companies and general sectors that are actually doing better and will continue to boom after the crisis. Online businesses, on the other hand, weren’t hit as hard, in fact, some are doing a lot better. It was pretty clear that the future is online, but it seems that it is even clearer now. Let’s have a look at some of the businesses and sectors that will keep on growing in the upcoming years. Entertainment Entertainment is one area which has in part moved online since the internet became a thing. The scope of entertainment activities that are available online has...

Logistics Trends for 2020 You Should Know About

20Jul By PriyankaNo Comments

ANALYSIS

Logistics Trends for 2020 You Should Know About

In any year, keeping up to date on the latest trends is vital for logistics business owners and operators. In 2020, though, when the world has been hit by a pandemic and shipping and other areas have been impacted, it’s even more important to keep your finger on the pulse. Market conditions and operational possibilities change all the time, but here are some of the key logistics trends for this year that you need to know about. New Marine Emissions Standards At the beginning of this year, the new maritime regulations for sulfur oxides (SOx) came into effect. Shipping and logistics firms now must cut their sulfur oxide emissions to achieve compliance with the International Maritime Organization’s (IMO) 2020 regulations. The rule is designed to curb pollution produced by the worl...

Temasek and Ascendas-Singbridge to Invest 2000 Crore in India

7Jun By Lavina TolaniNo Comments

BUSINESS

Temasek and Ascendas-Singbridge to Invest 2000 Crore in India

Global Investment Company Temasek and Singapore's Ascendas-Singbridge are looking forward to investing Rs. 2000 crore in India's industrial real estate and logistics sector. It is interesting to note that Ascendas-Singbridge has launched an "Ascendas India Logistics Programme" which has Temasek as its principal investor. Speaking of the latest development, Ascendas said in its official statement, Temasek and Ascendas-Singbridge Group have jointly committed Rs 20 billion (approx Singapore dollar 400 million) to invest in logistics and industrial real estate in key locations in India. The investment strategy for the programme will be executed by "Ascendas-Firstspace" which is a platform established by Ascendas-Singbridge and Firstspace Realty in 2017. Interestingly, India's indust...

24Mar By Sheldan RungasamyNo Comments

INDIA

Raghuram Rajan Believes India Should Focus on Industry & Services

Raghuram Rajam, Former Governor of Reserve Bank of India stated on Friday that the country should encourage its workforce to step out of the agricultural sector to move into the industry and services as the latter will provide the population with higher income. "We have to try and give people the ability to move out of agriculture into industry and services, where income is much higher. We need to figure out ways to do this," Rajan said here. He added that the populace should not be afraid of machines replacing humans because society has always found ways of adapting to industrialization and mechanization which worked well in the past. "Two hundred years since the industrial revolution, jobs are still around. People and society adapt to do the things that machines cannot do," he s...

19May By AdityaNo Comments

News

Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors

East Brunswick, New Jersey, United States & Bangalore, Karnataka, India- Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global enterprises. The industry solutions span across areas such as Delivery v/s Payments (DvP), Tri-party collateral management, Skip Trace Consortia, Trade finance, P2P insurance for the sharing economy and Loyalty Rewards Management in the BFSI sector. Wipro has developed solution...

Digital to Overtake Traditional Mediums By 2021-22: EY

14Mar By AnkitaNo Comments

ANALYSIS

Digital to Overtake Traditional Mediums By 2021-22: EY

Digital mediums are likely to surpass traditional ones by 2021-22, when smart phone and broadband penetration increases in the country, according to EY India. "When does digital overtake physical? When smart phone penetration becomes 50 per cent of the population, which in our case will happen in 2019-2020. Second factor is when broadband is equal to one-third of the smart phone penetration, which in our case will happen only by 2021-22, according to our estimate. The third factor is parity between cost of the two services," EY India media and entertainment advisory leader Ashish Pherwani said. According to market research firm e-Marketer, Indians spend about two-and-a-half hours per day on traditional media including television, radio, newspapers, and magazines, compared to the o...

Automation Threatens 69% Jobs in India: World Bank

7Oct By Press Trust of IndiaNo Comments

News

Automation Threatens 69% Jobs in India: World Bank

Automation threatens 69 per cent of the jobs in India, while 77 per cent in China, according to a World Bank research which has said that technology could fundamentally disrupt the pattern of traditional economic path in developing countries. “As we continue to encourage more investment in infrastructure to promote growth, we also have to think about the kinds of infrastructure that countries will need in the economy of the future. We all know that technology has and will continue to fundamentally reshape the world,” World Bank president Jim Kim said. “But the traditional economic path from increasing productivity of agriculture to light manufacturing and then to full-scale industrialisation may not be possible for all developing countries,” Mr. Kim said in response to a question at the ...

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

4Aug By NitishNo Comments

News

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

The GST regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said today. Nasscom President R Chandrasekhar said the concerns regarding multiple taxation points have been brought to the notice of the government and it expects a positive response while framing the GST law. "IT services are intangible. The way things are looked at in the GST law, not the Constitution amendment, there we have a number of concerns which have been shared with the government. "We feel that today for IT services, it is a simple regime. One single point of taxation which is central service tax, one single point of registration, one single invoice, one single place where you hav...

What Industrialists Said After Raghuram Rajans Decision Over 2nd Term

18Jun By AnkitaNo Comments

INDIA, News

What Industrialists Said After Raghuram Rajans Decision Over 2nd Term

Top industry leaders today said RBI Governor Raghuram Rajans decision not to take a second term will be "nation's loss" as he brought economic stability and enhanced Indias credibility on the world stage. India Inc led by Anand Mahindra, Deepak Parekh, NR Narayana Murthy, Kiran Mazumdar-Shaw, Mohandas Pai hoped that Rajan's successor will continue with the good work he did although industry chambers CII and FICCI declined to comment. Reacting to the development, Mahindra & Mahindra Chairman Anand Mahindra said he was "saddened" to hear about Rajan's decision to opt for academia at the end of his current term. "In my travels around the world and encounters with leading overseas businessmen, it became clear that during his tenure he greatly enhanced the credibility and bankabilit...

#Budget2016 Key Highlights For Startup Ecosystem

2Mar By No Comments

News

#Budget2016 Key Highlights For Startup Ecosystem

The third budget of Mr. Jaitely under the BJP led government has great offerings for the Startup world. Start-up India, Stand-Up India’ plan is most visible campaign of Prime Minister Narendra Modi’s Government which will boost jobs and investments in India. The campaign promotes & encourage entrepreneurs to start new firms that are not inspired by traditional businesses, is capable of generating jobs, and build an economy driven by technology and science. We spoke to Jaspal Singh co-founder of TaxZippy.com, India's largest Income tax filing site and he felt that this budget had a focus on startups as they are growing industry and help boom the economy. He also added that the budget has reinstated a positive push to the startup ecosystem. Here are the pointers placed by him. &nbs...