Digpu News

Mumbai (Maharashtra) [India], Oct 22 : Oberoi Realty Ltd has recorded a consolidated revenue of Rs 505 crore during the second quarter of current fiscal as against Rs 618 crore in Q1 FY20. The consolidated profit before tax was Rs 192 crore as against Rs 216 crore for Q1 FY20. The consolidated profit after tax also fell to Rs 138 crore as against Rs 152 crore in the preceding quarter. The current sentiment in real estate sector across the country has plummeted in recent years despite a slew of measures by the government and the Reserve Bank of India (RBI) to boost liquidity and revive demand. “In the last quarter, the Modi 2.0 government has taken a series of significant measures to boost the economy such as incentives for affordable housing, interest rate reduction and a corporate tax cut,” said Chairman and Managing Director Vikas Oberoi. “We are confident that the government will continue to take similar requisite steps for the real estate sector to accelerate growth and

Bengaluru (Karnataka) [India], Oct 23 : IT major Wipro Ltd said on Tuesday that it has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) 2019 for the tenth year in succession. More than 2,000 companies were assessed from around the world and only 319 made it to the final DJSI World index for 2019-2020. Globally, Wipro ranks second in the IT services sector while it continues to be the leader in India. Launched in 2009, the S&P DJSI World is the gold standard for corporate sustainability. Inclusion in the index is based on rigorous analysis of a company’s performance on more than 20 primary indicators and 120 secondary indicators across a spectrum of economic, environmental, social and governance parameters. “We appreciate the comprehensive nature of assessment as it helps us constantly improve our standards in our sustainability journey,” said Chief Executive Officer and Managing Director Abidali Neemuchwala. “The recognition is a reaffir

Mumbai (Maharashtra) [India], Oct 22 : Aditya Birla-led UltraTech Cement on Monday reported a consolidated profit after tax of Rs 579 crore during the July to September quarter of current financial year, up from Rs 356 crore in the same period of previous fiscal. While net sales totalled Rs 9,491 crore compared to Rs 9,088 crore in Q2 FY19, the profit before interest, depreciation and tax was Rs 2,072 crore vis-a-vis Rs 1,564 crore. During the quarter, UltraTech completed the acquisition of Century Cement by allotting 13.96 crore equity shares of Rs 10 each to shareholders on October 14. This makes UltraTech the third largest cement company in the world outside of China. It is also the only company to have a capacity of over 100 million tonnes in a single company. Its manufacturing capacity stands at 117.4 million tonnes per annum. In June 2017, the company had acquired 21.2 million tonnes capacity from Jaiprakash Associates. “On the basis of positive demand seen in north I

Mumbai (Maharashtra) [India], Oct 22 : Piramal Enterprises Ltd on Monday reported an 18 per cent jump in its net profit to Rs 569 crore for Q2 FY20 year-on-year and by 19 per cent to Rs 1,029 crore for H1 FY20. Consolidated revenues increased by 15 per cent to Rs 3,604 crore in the second quarter and by 18 per cent to Rs 7,110 crore for the first half. The company said that 38 per cent of its revenues were earned in foreign currency for H1. Profit before tax and exceptional items increased by 29 per cent year-on-year to Rs 733 crore for Q2 and by 25 per cent to Rs 1,338 crore for H1. “Our diversified business model has enabled us to deliver resilient performance during this quarter, despite continued liquidity tightening in the non-banking finance sector,” said Chairman Ajay Piramal. Financial services business received inflows of Rs 45,000 crore over the past year and brought down commercial paper borrowings by 92 per cent to Rs 1,480 crore, reflecting the quality of the

New Delhi [India], Oct 22 : The government on Monday fixed the issue price for sixth tranche of sovereign gold bonds at Rs 3,835 per gramme with settlement date as October 30. Investors applying online and making payment for the purchase through digital mode will get a discount of Rs 50 per gramme, according to a statement issued by the Ministry of Finance. “For such investors, the issue price of gold bond will be Rs 3,785 per gramme of gold,” it said. The Sovereign Gold Bond (SGB) Scheme 2019-20 Series VI will close for subscription on the day of Dhanteras October 25. The sovereign gold bond scheme was launched in November 2015 with an objective of reducing demand for physical gold and shifting a part of domestic savings, used for purchase of the yellow metal, into financial savings. Source: ANI

Mumbai (Maharashtra) [India], Oct 22: Less than two weeks after introducing interconnect user charges (IUCs) for its subscribers, Reliance Jio on Monday unveiled four all-in-one plans with different validity benefits. On October 9, the world’s largest mobile data network said that calls made to other mobile operators will be charged at the prevailing IUC of 6 paise per minute through top-up vouchers till the time Telecom Regulatory Authority of India (TRAI) abolishes IUC in line with its present regulation. This had made Jio’s subscription plans confusing for many users. The new plans offer ample data and call benefits with various validity periods. Under the Rs 222 plan, consumers will now get 2GB data per day along with free Jio-to-Jio calls and 100 SMSes per day. The validity stands at 28 days and Jio is bundling 1,000 minutes of IUC minutes for calls to other networks. Subscribers will also get a complimentary subscription to Jio apps. The Rs 333 plan is similar to the

Leading micro finance institution CreditAccess Grameen Ltd. said on Monday that it expanded its footprint in five new states during June to September. Bengaluru (Karnataka) [India], Oct 22: Leading microfinance institution CreditAccess Grameen Ltd said on Monday that it expanded its footprint in five new states during June to September. After setting up operations in Gujarat, Rajasthan, Uttar Pradesh, Bihar and Jharkhand, the company’s business activities have expanded to 887 branches with 9,817 employees spread across 210 districts in 13 states and union territory. “Our foray in five new states is in line with the company’s contiguous district-based expansion strategy with a strong rural focus,” said Managing Director and CEO Udaya Kumar Hebbar. “There is still significant scope for penetration of microfinance, specifically in deep rural and unbanked areas where low-income households lack access to easy and affordable credit,” he said in a statement. CreditAccess Grameen

Bengaluru (Karnataka) [India], Oct 22 : Software major Infosys said on Tuesday it has engaged law firm Shardul Amarchand Mangaldas and Company to conduct an independent investigation on two complaints by some employees about unethical measures to boost profits. An anonymous group calling itself ‘ethical employees’ alleged in a letter to the board of Infosys and the US Securities and Exchange Commission (SEC) that company’s Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy took disturbing unethical measures to boost profits and short-term revenue. The complainants said they have emails and voice recordings to substantiate the claims. “These complaints are being dealt with in an objective manner,” said Chairman of Infosys Ltd Nandan Nilekani. “The undated whistleblower complaint largely deals with allegations relating to the CEO’s international travel to the United States and Mumbai,” he said in a statement. Nilekani said the company’s

Ahmedabad (Gujarat) [India], Oct 22: Adani Green Energy Ltd (AGEL) has commissioned 50 megawatt of wind energy generation capacity in Kutch district of Gujarat. The company has a power purchase agreement with the Solar Energy Corporation of India for 25 years. AGEL is implementing 725 MW of wind projects in the region. “We plan to commission further 225 MW wind capacity in the area by the second half of 2020 for which the evacuation infrastructure is already in place,” the company said in a statement. The evacuation infrastructure connects the plant end-pooling sub-station (Ratadia PSS) of the wind projects to the Bhuj pool sub-station of Power Grid Corporation of India Ltd at 220 kilovolt level through 59 km double circuit transmission lines. While the Ratadia PSS has been partially charged to the extent of 300 MW evacuation capacity, the balance will be charged in sync with planned commissioning schedule of projects over the next 15 months, AGEL said. With this, 2.42 gove

The results of Bajaj Finance include results of its wholly-owned subsidiaries Bajaj Housing Finance and Bajaj Financial Securities. Mumbai (Maharashtra) [India], Oct 22 : Finance said on Tuesday that its consolidated profit after tax jumped 63 per cent to Rs 1,506 crore during the July to September quarter from Rs 923 crore in the same period of the previous year. Net interest income of the country’s largest consumer durable lender was up by 48 per cent to Rs 3,999 crore from Rs 2,708 crore in Q2 FY19. The results are significant as the country’s economic growth has been hit by a dramatic consumption slowdown, which has dampened demand for consumer durables. Bajaj Finance said its assets under management as of September 30 grew by 38 per cent to Rs 1.35 lakh crore from Rs 98,013 crore as of September 30 last year. At the same time, total operating expenses to net interest income for Q2 FY20 was 34.6 per cent against 35.4 per cent in Q2 FY19. Gross non-performing assets

The event was also attended by the CEO of American multinational conglomerate Alphabet Inc., Larry Page. New Delhi [India], Oct 22, 2019: The former chief executive officer (CEO) of American tech giant Google, Eric Schmidt, on Monday said that he would love to see Indian built application being used in America. “I would love to see Indian built applications being used in America. I would love to see an Indian built data system for the world. That would be the biggest win,” Schmidt said during an event held here while talking about his expectations from the US-India relations. Expressing optimism over the ties between the two countries, Schmidts said, “My aspiration is to see the connection between the US and India as seamless partners. There is definitely potential to achieve that in the next five-eight years. The question is how we will achieve it.” The event was also attended by the CEO of American multinational conglomerate Alphabet Inc., Larry Page. “The tools needed

The Microfinance Institutions Network (MFIN) bond transaction marks the first international bond by an Indian non-banking finance company to debut in 144A/Reg S market, allowing it to tap the US investor base in addition to Asia and Europe. Kochi (Kerala) [India], Oct 22, 2019 : Muthoot Finance Ltd, the largest gold loan company in India, has raised 450 million dollars by selling foreign currency bonds to international investors in its maiden issue of such an instrument. The company plans to use proceeds for both refinancing and other business purposes. The initiative is in accordance with the Reserve Bank of India’s external commercial borrowing guidelines and other applicable laws. The Microfinance Institutions Network (MFIN) bond transaction marks the first international bond by an Indian non-banking finance company to debut in 144A/Reg S market, allowing it to tap the US investor base in addition to Asia and Europe, Muthoot Finance said in a statement. The company eng

West Bengal, India, Oct 11, 2019 — Innovative technologies have always been a norm for empowering new and old businesses. In this competitive era, it has been seen that the revenue generation of a company is directly proportional to the development done in the field of technology. Studies have shown that digital marketing industry is changing and evolving at a rapid scale. Based on a study, it has been found that 76% of digital marketing success can be obtained from search engine optimization alone. With that being said, people from all around the planet are working immensely hard for getting the right amount of search optimization done for their online inventory or websites. The harsh reality is that this is increasing the competitiveness of the industry at a much greater scale. To cope up with the increasing demand for SEO and the competitiveness all around, search engines such as Google, Bing, and etc. are taking initiatives to rank websites based on much more efficient ra

Ethical Hacker Remesh Ramachandran Shares His Thoughts on Hacking Cybercrime and its expensive consequences has been forecasted to surpass over $2 trillion by this year end. When faced with this looking threat, firms have explored a combination of conventional and unconventional methods to combat the threat to their organisation. One of the unconventional approaches include leveraging on the expertise of ethical or white hat hackers. White hat hackers are not the typical villains typing code in green font on black monitors as movies made us believe. Ethical hackers are individuals that have expertise in hacking, but do so with the permission of the organisation engaging their services. In simple, ethical hackers help firms identify weaknesses and vulnerabilities in their digital systems, as opposed to taking advantage of weaknesses for personal gain. “White hat hackers are more like expert penetration testers who test for security vulnerabilities in an information system by r

Little Linked Linked - Shagun Singh We all have scribbled down a few lines of poetry sitting on the last bench at some point in our life, right? Now, what if we tell you that this passion and hobby can get a platform outside your regular school and college? Yes, a place where art and talent are appreciated. Introducing to you,  Little Letters Linked , founded by Shagun Singh in 2018. Little Letters Linked aka LLL, as they call it is a platform for micro-tales and musings. Upon receiving a heartwarming response, they are now headed also towards becoming one of the most promising media houses in India delivering quality content in the form of videos, texts, live events, etc.  Little Letters Linked was started as a mere hobby of writing, as stated by Shagun. He also said, “We believe that small ideas can do wondrous things if given a proper platform. LLL aims to encourage all writers and poets to showcase their talent to the world.” Singh, who has completed an executive degree f

October 1, 2019, New Delhi, India — Systematix Infotech announced a business partnership with Singapore based Cloud I/Os a consulting, integration and senior architectural company during their Foundation day celebration held at Hotel Sayaji, Indore (MP) India on 27 th  September 2017. Cloud I/Os provides IT solutions to government and business in Singapore and throughout South-East Asia. Cloud I/Os has ambitious growth plans and they were looking for a strategic partner who can bring value for the expansion of their business in the South East Asia region in  Cloud infrastructure ,  DevOps ,  SecOps ,  Suite CRM support ,  Maintenance support ,  Analytics  and many more IT services. After several rounds of information exchange, competence and capability mapping, both the companies decided to engage in a partnership. The hyper-connected and always-programmable nature of digital touch-points have given rise to a more complex and dynamic threat landscape that renders old tools an

Awab Habib Fakih (middle) – receiving Young teacher award 2019 Awab Fakih’s innovation is to create methods of teaching fluency in Engineering with students’ interest. He never dreamt of being a teacher however, after becoming an Engineer he realized that he had something unique to offer. Awab, therefore, pursued teaching to accomplish his goals which were to make students more resilient through developing their skills and to bring new methods in teaching that would help students and faculties to reflect their ideas in more transparent ways. To make this possible, he is also pursuing a Ph.D., researching enhancement of technology in multidisciplinary domains for which he has attained First prize in the Avishkar Research Competition at Local Region & District Level under Ph.D. Pursuing Category, awarded by Vice-Chancellor of Mumbai University. On 29th sep’19, Mr Awab Habib Fakih was honoured with the “Young Teacher Award 2019”, received this award from one of the most celebr

Mr Shravan Gupta has been touted as a pioneer in the real estate and financial services sector, and rightly so. He has 15 years of experience under his belt that he has used to take his business further ahead. Even after all this time, with everyone trying to one-up the other, he still manages to take his work to new heights by investing in new ventures. In the last couple of decades, his work in developing malls in the NCR region has been extremely crucial for India’s growth in this market. It can be safely said that  Mr Shravan Gupta  has played a vital role in making malls accessible to the common man of this country. The MGF group has thrived under his leadership and it is for all to see. Shravan Gupta MGF journey in the business world began as he joined his family business, MGF ltd. With time he grew into his role and brought his personal touch to the company. He always had an eye for real estate. This led him to decide to diversify the company into the real estate sector