#Cash Counter Importers in Bengaluru

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India's No.1 Note Counting Machine Price in Bengaluru

India’s No.1 Note Counting Machine Price in Bengaluru

Your search for the best note counting machine price in Bengaluru, Karnataka ends here. These cash counting machines come with a warranty. They count your money with 100% accuracy, and easily. Moreover, their counting speed is super fast. Buy Best Note Counting Machines in India at Reasonable Price from top Bill Counter Machines Manufacturers, Wholesalers, Exporters, Distributors, Importers, and…

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XIPHIAS Holds The Promise Of Transactional Transparency!

For businesses, Blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing.

“Contrary to the most popular use case blockchain technologies don’t only secure financial transactions, – in fact, they can be used to track and verify any kind of digital asset, as well as code or smart contracts such as medical records, and in our case examination records.”

Blockchains are the most important technological innovation since the internet or a solution looking for a problem, wherein the decentralized ledger consists of linked batches of transactions known as blocks and an identical copy is stored on many computers. Based on a distributed, peer-to-peer (P2P) topology, blockchain or distributed ledger technology (DLT) allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else’s entries in real-time. That makes it difficult for one user to gain control of, or game, the network. For businesses, however, blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing.

XIPHIAS Software TechnologiesPvt. Ltd is a leading Touch Screen Kiosk manufacturing company in India that provides a turnkey solution to its users, including hardware and software as an embedded solution. The company works on AMBIC Model, which stands for Artificial Intelligence, Mobility, Blockchain technology, IoT and Cloud-based solutions in the form of Infrastructure as a Service (Iaas), Platform as a Service (PaaS) and Software as a Service (SaaS). XIPHIAS is also a Fintech a leader that simplifies the transaction and end-to-end customer journey through ‘one-click’ processing for transactions in digital channels. Xpay.Life - Blockchain-based Utility Bill Payment services The signature product of XIPHIAS is Utility Bill Payment through Touch Screen Kiosk, Web and Mobile App for iOS and Android and POS device using cash and online payment channels through Xpay.life

Mobile POS for utility bill payment in rural areas Keeping up with technology in the industry, recently XIPHIAS has launched blockchain secure Payment Gateway, which ensures that comes with enhanced security and faster settlement processes which further improves traceability and transparency in the payment.

Blockchain-enabled Utility Bill payment online gateway Xpay.life, Needless to say, ubiquitous smartphone use has changed the way consumers engage with brands. Consumers are empowered to take their own journey through each shopping experience and transaction, all the way up to POS. Now, consumers have encountered self-checkout Kiosk in the retail sector. To be in trend and serve the customers’ needs in a better way, XIPHIAS manufactures IOT based Self-Check-Out Kiosk and people are using it widely. These are huge numbers and multiplied across the globe, it’s massive. XIPHIAS has installed many Self Check out Kiosks at Praxi Retail. Self-Check-Out Kiosk has become much popular due to its safe transactions. Digitization of payments presents a large opportunity in the Indian context. As per Google – BCG Report, it is estimated that the total payments conducted via digital payment instruments will be in the range of USD 500 billion by 2020, which is approximately 10X of current levels. Person to merchant(P2M) transactions driven by digital payments at physical point of sale, followed by business to business (B2B) and peer to peer (P2P)transactions are expected to be major contributors of growth.

Blockchain based retail Self-checkout kiosk IoT based Self-checkout kiosk has emerged as an undisputed hero of the retail sector by not only offering the benefits to the retailers but also for providing an enthralling shopping experience to the customers. IoT based self-check-out kiosk facilitates customers to select their own items, bags them and complete the transaction without any assistance from any salesperson. This self-check-out kiosk has truly shine in managing the long queues efficiently. Self-checkout kiosks have evolved tremendously and businesses are deploying it for billing, managing long queues, cash management and much more. Self-checkout kiosk is not only about handling transactions but nowadays, retailers are offering different modes of payments including mobile application-based payments through a QR code embedded on the products, contactless payments through NFC or such other means. This AI-based Self-Check-Out kiosk enables customers to check out as and when they want instead of waiting for their turn to come in a long queue.

XIPHIAS offers user-friendly interface of touch screen kiosk that enhances the experience of customers and they prefer it over the counter system. The kiosk is equipped with multiple modes of payments and also keeps a track of the customers’ previous purchases and preferred promotions using AI.

BISET - Blockchain & IoT based Safety Training Kiosk Apart from Self Check Kiosk, XIPHIAS also manufactures Safety Training Kiosk called BISET (Blockchain & IoT based Safety Training Kiosk). BISET is the world’s first Robotic Kiosk for Online Safety Training powered by Blockchain & IoT, which can be used by any organization where employee’s security know-how is of critical importance. The entire solution will be based on the most unique non-tokenized private Blockchain providing strong authentication and data encryption for the enterprises ensuring Cyber Security. Not only this, but it will also issue a hashed certificate on passing the course using blockchain. The concept is based on Blockchain Technology, whose distributed database is running on multiple servers that continually checks the security and integrity of each record. Blocks chained by hash values and incentivized proof of work provide a foundation for distributed trust in the blockchain. Each block is time-stamped and linked to previous blocks, using cryptography to ensure the data is immutable and tampered -proof.

Contrary to the most popular use case, blockchain technologies don’t only secure financial transactions – in fact, they can be used to track and verify any kind of digital asset, as well as code or smart contracts such as medical records, and in our case examination records.

XIPHIAS addresses the basic problems of integrity, honesty, consideration, accountability, and transparency in the training and certification system. It redefines the way we take the online courses by providing a trusted mechanism of managing the details of the candidates as well as the examination. All the information is secured using cryptographic techniques and stored in a private blockchain which can be accessed only through a key thus ensuring that the data has not been tampered and is immutable.

By rendering a hashed certificate at the completion, we ensure that no one can make copies of the certificates and thus we safeguard the authenticity of the course and the organization. This innovation will benefit many industries that would want to impart any training to their employees. To name a few, it can be any security training, management training, subject training, induction training, public speaking training, PR training which the organization wants the employees to undertake as per policies and industry standards.

BISET based solution is World’s First Robotic Kiosk for Online Safety Training powered by IoT, that addresses the basic problems of integrity, honesty, consideration, accountability, and transparency in the training and certification system in an organization.

BISET redefines the way employees are taking the online courses by providing a trusted mechanism of managing the details of the candidates as well as the examination. All the information is secured using cryptographic techniques and stored in a private blockchain which can be accessed only through a key thus ensuring that the data has not been tampered and is immutable. By rendering a hashed certificate at the completion, we ensure that no one can make copies of the certificates and thus we safeguard the authenticity of the course and the organization. It issues a hashed certificate on passing the course using blockchain.

BISET based safety training kiosk XIPHIAS has deployed BISET Kiosks in Coca Cola in different states such as Sanand, Pune, Goblage, Siliguri, and Bangalore.

The story was originally published in Enterprise it world

Blockchain & IoT based Safety Training Kiosk Digital Payment IOT Robotic Kiosk self-check out KIOSK

Location: 8th Floor B.M.T.C T.T.M.C Building, 6th Block, Koramangala, Bengaluru, Karnataka 560095, India

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RBI cuts charges by 25 bps: India Inc hails central financial institution choice, says it's going to induce liquidity in economic system

http://tinyurl.com/y5zujpx8 The Reserve Financial institution of India reduce its coverage rate of interest by 25 foundation factors in a extensively anticipated transfer on Thursday, whereas additionally altering its financial coverage stance to “accommodative” after the economic system grew at its slowest tempo in over 4 years within the January-March quarter. The six-member financial coverage committee (MPC) reduce the repo charge to five.75 % as predicted by 44 of 66 analysts polled by Reuters final week. The reverse repo charge was decreased to five.50 %. Rajnish Kumar, Chairman, SBI The RBI coverage choice to alter the coverage stance to “accommodative” will concurrently assist the monetary system to navigate to a decrease time period construction of rates of interest and likewise accommodate progress considerations. On the regulatory entrance, the choice to decrease the Basel III Leverage Ratio will increase the lendable assets of the Banks. Additionally the transfer to scrap transaction fees for RTGS & NEFT will increase digital transactions. The choice to challenge draft for “on-tap” licensing of small finance banks will add depth to this sector. Launching of the on-line buying and selling platform for retail individuals is a constructive improvement for small & medium foreign exchange prospects. The RBI intent to harmonize present laws for various cash market merchandise augurs effectively for market transparency. Zarin Daruwala, CEO, Customary Chartered Financial institution, India The mixture of the repo charge reduce, the change to an accommodative stance and the resolve to offer satisfactory liquidity, will present the impetus to counter progress and funding headwinds. A evaluation of the liquidity framework is a welcome transfer and may help financial transmission. Moreover, the easing of the leverage ratio requirement will increase financial institution lending and may function the a lot wanted counter cyclical stimulus. Garima Kapoor, economist and vp, Elara Capital, Mumbai  A shift in stance to ‘accommodative’ is welcome as it’s going to pave the best way for transmission to lending charges, which thus far have been insufficient. We count on the MPC to chop charges by an extra 50 bps by means of the yr whereas persevering with to fine-tune liquidity help by means of a mixture of OMO purchases, foreign exchange swap and CRR reduce. Parth Mehta, MD, Paradigm Realty, Mumbai The speed reduce of 25 bps was crucial to induce liquidity within the downward spiral economic system on the again of all indicators exhibiting slowdown. The stance change from ‘impartial’ to ‘accommodative’ by the RBI signifies the cognizance concerning the present fragile enterprise atmosphere and we count on additional charge cuts. Price cuts shall allow affordability when it comes to dwelling loans and thus decrease equated month-to-month instalment (EMI), decrease GST, and tax rebate for the center class as per the interim finances. All these shall give some gross sales impetus to the true property sector. Mani Rangarajan, Group Chief Working Officer-Housing.com, Proptiger.com, Makaan.com, Fastfox This transfer to cut back the repo charge will probably be nice from a sentiment standpoint, and can add to the present wave of optimism that has been infused into the market, with the re-election of the NDA authorities. Whether or not dwelling patrons profit from this straight or not, will rely largely on whether or not the banks cross on the speed reduce advantages to them. Up to now, that has not occurred. Nonetheless, this reality can be to be evaluated in gentle of one other reality—with the continuing NBFC disaster and rising NPAs, decreasing rates of interest for debtors, will not be very straightforward for banks. We’re nevertheless hopeful that with the rising gross sales momentum within the final quarter and the improved market sentiments put up the election outcomes, this transfer will add a much-needed increase to the present market sentiments. Narendra Pani, Dean, College of Social Sciences, Nationwide Institute of Superior Research, Bengaluru Whereas the RBI’s effort is little doubt to spice up funding, it isn’t clear how a lot of the discount in repo charges will probably be handed on. The criminalisation of huge defaults brings with it a discomfort amongst bankers to be related to very giant loans. Much less profitable business banks can also really feel the necessity to preserve their credit score deposit ratios low, in case they immediately want to put in writing off giant NPAs. They will not be too keen about decreasing charges to extend credit score. Secondly, a big a part of the disaster is considered one of demand somewhat than provide. Rate of interest cuts are designed to extend the provision of funds for funding, and wouldn’t have a direct impact on demand. The path to boosting the economic system could then lie extra within the fiscal coverage somewhat than the financial coverage. An extreme reliance on easing cash provide, when manufacturing is constrained by demand, may very well be inflationary. Lakshmi Iyer, Chief Funding Officer (Debt) & Head Merchandise, Kotak Mahindra Asset Administration Firm The reduce in repos charge was broadly in step with expectations. The shift in gear from impartial to accommodative removes ambiguity wrt the route of charge motion. The expansion focus, with out shedding sight of inflation appears to have prompted this transfer. Liquidity within the banking system has seen a motion from deficit to constructive zone. It is very important see this case continues to make sure credit score transmission. India charges would proceed to seek out anchor and preserve a softening bias going ahead. Suvodeep Rakshit, senior economist, Kotak Institutional Equities, Mumbai The change in stance to ‘accommodative’ was a little bit of a shock. Debt markets will take this as a major constructive transfer, although a lot of the charge reduce cycle might be over. The tone of the RBI coverage was dovish and highlights the considerations on progress. We preserve our name for an additional 25-bp charge reduce in August factoring within the benign inflation trajectory and rising considerations on progress. Nonetheless, the transmission of charge cuts will probably be key and the RBI ought to intention to keep up liquidity, no less than at impartial over the following few months. Sakshi Gupta, economist, HDFC Financial institution, Gurgaon If progress impulses proceed to stay weak in Q1, beneath the RBI’s goal, and inflation impulses stay muted given regular monsoons, there’s room for an additional charge reduce of 25 bps in August. On progress, excessive frequency indicators proceed to sign decrease exercise in Q1. Additional, an unfavourable base impact may imply that GDP progress numbers stay muted in H1 FY19-20. Some pick-up in exercise is anticipated in H2. For the yr, the expansion forecast is 7 %.The federal government is more likely to stick with its fiscal deficit goal introduced within the interim finances of three.4% of GDP. That mentioned, larger progress will probably be mandatory to realize this goal. Anagha Deodhar, economist, ICICI Securities, Mumbai The not too long ago launched GDP numbers present that progress is faltering. Given the difficult home and world atmosphere, progress is more likely to stay weak in H2FY20. Though supporting progress will not be the MPC’s main mandate, within the present atmosphere it has assumed better significance. Given the decrease progress and inflation expectations, it was apt to alter the stance to ‘accommodative’. It signifies that extra charge cuts are on the desk – probably within the subsequent coverage itself. The federal government is more likely to proceed strolling on the fiscal consolidation path. We don’t count on large-scale sops within the finances as the federal government is strolling on a decent rope on the subject of the fiscal state of affairs. Nonetheless, we may see elevated give attention to employment era, labour-intensive industries and boosting investments. Devendra Pant, chief economist, India Rankings, New Delhi The 25-bp reduce with ‘accommodative’ stance with 6-Zero vote reveals that with inflation beneath the RBI’s goal of Four %, progress considerations have come to the forefront. By altering its stance, the RBI has communicated to the market that the expansion slowdown is actual. A working group on liquidity is a welcome step. With system liquidity in surplus mode up to now few days, lending charges ought to come down. The forthcoming finances is the true check for the federal government. The federal government has to seek out cash for social spending and undertake some arduous reforms to enhance tax assortment and cling to the fiscal consolidation trajectory. Joseph Thomas, Head-Analysis, Emkay Wealth Administration, Mumbai The RBI coverage is precisely on the traces anticipated by a lot of the market individuals. The repo charge reduce of 0.25% and the change of stance from ‘impartial’ to ‘accommodative’ is essential to supporting the sagging financial progress. The projected progress has been lowered to 7%. The coverage additionally has broad indications of extra actions on the liquidity entrance from the RBI within the coming days. This additionally confirms the dedication of the central financial institution to raised transmission of the rate-cut results by means of liquidity. Rupa Rege Nisure, chief economist, L&T Monetary Holdings, Mumbai Right this moment’s coverage actions are excellent and provides a transparent sign that the RBI will proceed with straightforward financial circumstances till it sees a particular enchancment in growth-inflation combine. Going by the macro undercurrents, the rate-cutting cycle will proceed within the coming quarters as effectively. Latest GDP numbers had been in line with the slowdown predicted by excessive frequency main indicators and the RBI has taken a severe word of it. The federal government too will handle progress considerations in its upcoming full Funds in July and there are nice indicators that each the federal government and the RBI will work in tandem to drag the economic system out of the lure. Transmission will occur meaningfully if the banking system witnesses surplus liquidity circumstances for a sizeable interval and if the RBI undertakes confidence boosting measures for the NBFC sector. Ranen Banerjee, Accomplice & Chief – Public Finance and Economics, PwC India  There was no shock within the coverage measures introduced by RBI. It was already anticipated that there will probably be no less than 25 foundation level reduce in repo and likewise a change in stance. The change in stance is extra essential because it gives a financial coverage route message. Given the slowing momentum of the economic system and all indices indicating stress within the economic system, it’s now over to the fiscal coverage of the federal government to fan the animal spirits. The federal government could tackle a better deficit in its upcoming finances in the direction of extra capital expenditure to pump prime the economic system. Jayant Mehrotra, Chief Monetary Officer, Lodha Group RBI’s choice on charge reduce by 25 bps, which can be for the third time in a row is a welcome transfer and residential patrons ought to count on cheaper loans from banks. Nonetheless, the priority across the precise transmission of charge cuts to efficient lending charges persists. Efficient transmission and enchancment within the  liquidity circumstances would offer a lift to the true property market. Manju Yagnik, Vice Chairperson, Nahar Group  The yr 2019 has introduced within the required intervention and bulletins that’s anticipated to usher in the required equilibrium from demand-supply mechanism and value performance within the dwelling market in India. The astounding win of the NDA authorities has strengthened the market hopes in India. The appreciable enhance within the Nifty figures from 11,100 to 12,100 inside the interval of simply two weeks is a transparent signal of robust market revival contemplating each long run and quick time period results. Because the financial coverage committee right now proclaims a reduce down on the rates of interest by 25 foundation factors, this motion has set in movement the ever awaited change in the true property sector. The next charge reduce will definitely result in discount in rates of interest charged by banks on dwelling loans which can moreover scale back EMI on housing. The stance change from impartial to accommodative by RBI will increase consumption and help in common money circulate out there. It is a constructive encouragement to all these searching for houses and brings a reduction to us builders as effectively since after a dry spell, we see a possible rise in the true property sector. Kunal Shah, CFA, Fund Supervisor – Debt, Kotak Mahindra Life Insurance coverage Co MPC members determined to chop charges by 25bps as anticipated by market individuals and surprisingly there was a unanimous vote to alter the stance to accommodative. The shift of total MPC shocked the market positively and yields on authorities bonds dropped to six.90 % from 7.00 %. MPC has revised down its inflation projection to three.45 % from 3.60 % for FY 2019 and on GDP progress to 7 % from 7.2 % within the earlier coverage. With the extent of inflation projections and accommodative stance, we see the particular chance of yet another reduce with probabilities of one other if the monsoon is regular and crude oil costs are beneath $70. The RBI has determined to represent an Inner Working Group to evaluation the present liquidity administration framework and counsel measures, the report will probably be launched by mid-July. On the bond market entrance, the yield drop continues with extra visibility of additional easing, markets may also be watchful of panel suggestion on RBI’s financial capital.We see 10y GOI to commerce within the vary of 6.70-7.00% within the close to time period. Rajan Bandelkar, President, NAREDCO Maharashtra  “The third consecutive 25 foundation level reduce by the RBI is extremely appreciated by the true property fraternity in addition to the house patrons. The earlier charge cuts by RBI has not emanated into the switch of advantages on the anticipated traces by the monetary establishments. RBI has modified its stance from ‘Impartial’ to ‘Accommodative’ which additionally probably present banks the required contextual setting and cushioning to offer funds to NBFCs and thereby, have capital inflow in all the monetary system, arresting the liquidity crunch. An excellent monsoon will lay the context for additional charge cuts in the course of the yr. The not too long ago revised GST charges coupled with 5.75 % and steady authorities look doubtlessly rewarding with a promising future for dwelling gross sales within the coming second half of the yr. Ashok Mohanani, Chairman, EKTA World For the third time in a row, the RBI cuts the repo charge reduce by 25 foundation factors. It is going to positively spur progress for the true property sector particularly. The choice modifications the stance of financial coverage from impartial to accommodative and to chop the coverage repo charge brings it beneath 6 % is the primary time since September 2010. There have been many significant interventions by the federal government and regulator which has supplied a constructive increase to the shopping for sentiment among the many dwelling patrons. Price cuts will guarantee affordability when it comes to dwelling loans and thus lowered EMI, decrease GST, tax rebate for earnings as much as Rs 6.5 lakhs for the center class as per as interim finances. All these shall give some gross sales impetus to actual property. Rohit Poddar, Managing Director, Poddar Housing and Growth Ltd The discount within the repo charge is actually pushed by the broad-based deceleration within the economic system in current months. This reveals the dedication of the RBI to make sure the transmission of charge cuts to the top shoppers. Slashing down the charges by 25 Bps together with a modified stance will create a constructive ecosystem and stimulate the expansion dynamics and funding cycle in the true property sector. It is going to consolidate the shopping for sentiments with decrease EMI. There’s a slight reform in liquidity points within the sector after two again to again charge reductions, and a cut-down for the straight third time will certainly undertake the liquidity shortfall within the sector at giant. We count on extra such actions by RBI on the liquidity entrance. Shishir Baijal, Chairman & Managing Director, Knight Frank India The primary charge reduce within the newly elected authorities’s regime is actually a welcome step, particularly for the true property sector.  The advantage of decrease coverage charge when it comes to higher credit score value in addition to larger liquidity will hopefully be transmitted additional by banks to NBFCs in addition to dwelling patrons. Additionally, the change in coverage stance from impartial to accommodative is a welcome shift because it lays the bottom for additional charge cuts. The cash-crunched NBFCs will certainly profit from influx of capital which can, in flip, profit builders in addition to home-buyers. NBFCs have been dealing with a liquidity disaster and this has negatively impacted their loans to actual property, together with development finance. In addition to capital infusion into this essential financier section, this charge reduce may also enhance the home-buyers affordability and stimulate housing demand at this essential juncture. Okay Srinivas, Director, CATMi CATMi has been, over the past two years, highlighting how insufficient Interchange is hampering the deployment of ATMs in semi-urban and rural areas. With rising adoption of DBT as the popular and optimum technique of distributing subsidies to the agricultural poor, the insufficient ATM infrastructure in semi city and rural areas began to indicate up as a serious bottleneck. The current report submitted by CDDP, a committee chaired below the Chairmanship of Nandan Nilekani in addition to the bench-marking report revealed by RBI additionally spotlight this challenge of insufficient ATM infrastructure in SURU areas. CATMi is happy that RBI recognised the problems highlighted by the trade and has determined to arrange a committee to comprehensively have a look at ATM prices and fees. We’re optimistic that the committee will come out with suggestions to deal with this essential hole in driving monetary inclusion and guaranteeing the supply of an ATM inside a 5 km radius of each citizen within the nation. Vijay Mansukhani, MD, Mirc Electronics (Onida) We welcome this transfer of 25 bps charge reduce. Price reduce of 50 bps would have been higher contemplating the present liquidity and low client sentiment out there. Shifting from impartial to accommodative standing is encouraging step from RBI. We hope the economic system will develop at higher charges in Q2 FY20. The low client demand in This autumn FY19 coupled  with low GDP has had a detrimental influence on the businesses earnings, we hope for higher occasions in the course of the Q2 FY19 onwards. Vinod Ramnani, Director, Opto Circuits India RBI charge reduce is on the anticipated traces. With its ‘accommodative’ stance, we count on the RBI to stay supportive, sustaining liquidity at a slight surplus over the following few months. This liquidity will increase personal spending throughout Industries.  Non-public spending by corporates coupled with Authorities spending and consumption will drive the economic system. Amid slowing financial progress and rising world uncertainty, it is a welcome transfer in our enterprise” MadhuSudhan Bhageria, Chairman and Managing Director, Filatex India RBI charge reduce comes at a time when India’s Q4FY19 GDP progress charge decreased to five.eight %, a 5 yr low below the Modi authorities. Although inflation has remained very a lot below management, the liquidity had been in deficit mode for the previous few months. With its ‘accommodative’ stance, the RBI has signaled larger probabilities of extra cuts within the coming months if inflation endured inside tolerable limits. It is a constructive transfer for us as it will bolster liquidity and increase personal spending throughout industries. The federal government has obliquely hinted that at even decrease rates of interest, the main focus seems to have shifted extra in the direction of engineering a fast turnaround within the broader economic system by boosting consumption and funding, which is the necessity of the hour”. Sunu Mathew, Managing Director, LEAP India The RBI’s transfer to chop the speed ought to instil client confidence, which might in flip spur the expansion in Drinks, FMCG, Retail and vehicle trade. This additionally alerts that decrease rate of interest regime as commodities charges are subdued the world over. That is constructive information for corporates to faucet the anticipated demand in Q2 FY20. With steady Authorities at centre, regular monsoon coupled with low rate of interest regime and RBI’s initiatives to extend the liquidity, we hope that RBI’s goal progress charge of seven% in Q2 FY 20 would come true. Garapathi Radhakrishna, CMD, RKEC Tasks The speed reduce of 25 bps will not be sufficient to spur the expansion of economic system. We had been anticipating 50 bps  for total easing of liquidity within the system and for instilling confidence amongst shoppers. It’s also important that the influence of the reduce needs to be handed on to the Client in a free market regime. The brand new Authorities’s reforms, low rate of interest regime coupled with announcement of big investments in infrastructure from the Authorities of India ought to elevate the economic system to raised Progress charges in the course of the present yr. Kewalchand P Jain, CMD, Kewal Kiran Clothes The RBI’s charge reduce ought to instill Banks to cross on the curiosity financial savings to shoppers, which ought to in flip spur the expansion for retail and FMCG sectors at giant. Regular monsoons coupled with low rate of interest regime ought to enhance the demand at rural stage which was lacking final yr. General, the economic system ought to proceed its momentum. Having mentioned that, the speed reduce would have been sharp to encourage personal funding to spur the general progress of the economic system. Udaya Kumar Hebbar, Managing Director and CEO of CreditAccess Grameen Koota We welcome RBI’s choice to chop the repo charge by 25 bps, which is within the anticipated traces. The measures launched will probably be a stimulus for bettering funding and can increase capex, supported by conducive inflation atmosphere. We count on the financial growth to bolster beginning this quarter as liquidity will enhance and credit score off-take will enhance its tempo. Ananth Narayan, Affiliate Professor, Finance at SPJIMR Given slowing home and world progress, the Financial Coverage Committee (MPC) unanimously delivered a 0.25 % charge reduce with an accommodative stance. Notably, the governor introduced a evaluation of the liquidity framework, and sturdy surplus liquidity ought to help in financial transmission. On considerations round some NBFCs, Governor Das did a mini-Draghi, and promised to “do what it takes” to keep up monetary stability. The onus in now on financial reforms and the finances to enrich right now’s MPC assertion, and revive the economic system. Deo Shankar Tripathi, MD and CEO, Aadhar Housing Finance Involved with the weakening progress, the RBI has taken a really applicable step by altering the stance from impartial to accommodative which suggests no danger of charge hike in subsequent months. This will probably be an enormous help to enhance the demand in addition to to revive the personal sector funding. The RBI has additionally reassured the marketplace for required help to robust NBFCs and HFCs. For liquidity considerations, RBI has arrange activity power which is a really well timed choice and as soon as the liquidity within the system normalizes, I feel all of the sectors will get the increase. The Discount in Repo charge by 25bps may also increase total sentiments and likewise some discount in EMI of loans. L Vishwanathan, Accomplice, Cyril Amarchand Mangaldas With inflation steady, the speed discount is a welcome financial stimulus. If transmitted successfully it may enhance credit score off-take and bolster financial progress. The proposals on regulatory modifications display RBI’s promptness in coping with market realities. Organising a Working Group to guage the regulatory and supervisory tips for CIC’s is welcome and can enhance confidence for CICs to boost funding for his or her company autos with extra developed regulation and stronger governance. Granting on-tap licenses to Small Finance Banks will foster monetary inclusion additional and can allow well-functioning microfinance corporations to offer a fuller suite of economic providers to low earnings households. Kewalchand P Jain, Chairman and Managing Director, Kewal Kiran Clothes The RBI’s charge reduce ought to instill Banks to cross on the curiosity financial savings to shoppers, which ought to in flip spur the expansion for retail and FMCG sectors at giant. Regular monsoons coupled with low rate of interest regime ought to enhance the demand at rural stage which was lacking final yr. General, the economic system ought to proceed its momentum. Having mentioned that, the speed reduce would have been sharp to encourage personal funding to spur the general progress of the economic system. Raghvendra Nath, Managing Director, Ladderup Wealth Administration On anticipated traces, the RBI has reduce rates of interest by 25 bps in its Financial Coverage Assertion. That is the third consecutive charge reduce by the central financial institution. We anticipated a 50 bps reduce contemplating that there’s a vital drop in consumption which mirrored within the decrease GDP numbers reported not too long ago. Additionally the personal funding is but to kick begin in any vital method and a positive financial coverage could present the suitable incentives to the companies to start out planning capital investments. Nonetheless, plainly despite the fact that RBI has switched the stance to ‘accommodative’ from ‘Impartial’, the RBI is appearing progressively on account of uncertainties across the monsoon, unseasonal spikes in vegetable costs and geo-political tensions. The current progress and employment numbers are worrying. The alerts are clear that the economic system must be primed and needs to be completed quickly. Hopefully, the federal government may also work together with the RBI to enhance liquidity out there and finally convey the price of funds down. There’s much more motion required to reboot the economic system than simply chopping charges. Khushru Jijina, MD, Piramal Capital and Housing Finance The downward revision of progress projection by the Reserve Financial institution of India (RBI) from 7.2 % to 7% in 2019-20 requires the implementation of extra fast coverage interventions by each RBI in addition to the Authorities. The unanimous choice by the Financial Coverage Committee (MPC) to chop the repo charge by one other 25 bps is a step in the suitable route. NBFCs are instrumental in offering credit score to MSMEs and actual property sectors, which can be vital to India’s GDP. MSMEs contribute 31% of the GDP, 40 % of exports and hires 25% of the labour power whereas actual property contributes greater than 5% to GDP and hires 17% of the labour power straight or not directly. The credit score crunch within the NBFC sector has witnessed a corresponding decline in manufacturing and development actions within the final two quarters of 2018-19. We anticipate extra decisive and pro-active coverage measures to deal with the present liquidity disaster, that may allow NBFCs to revive lending actions, particularly to those essential sectors.   Your information to the newest cricket World Cup tales, evaluation, stories, opinions, dwell updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. 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[trendingcurrentaffairs]

Story of Flipkart: From modest start to Walmart nuptial and everything in between

Flipkart has given India its big startup success story — the one which is likely to be quoted by starry-eyed entrepreneurs for years to come.

Companies News : From selling books online to striking a jaw-dropping USD 16 billion deal with the world’s largest retailer Walmart, all within 11 years, Flipkart has given India its big startup success story — the one which is likely to be quoted by starry-eyed entrepreneurs for years to come. Former employees of US e-commerce giant Amazon, Sachin Bansal and Binny Bansal had met in 2005 at IIT-Delhi. Flipkart was launched in October 2007.

The idea was simple. Consumers could shop online and get books delivered to their doorstep. Flipkart registered 20 shipments in the year of its debut. It wasn’t an easy road as Internet penetration was abysmally low and e-commerce, unheard of. Bricks and mortar retailers were not threatened and many dismissed e-tailing as a foreign concept saying that Indians want to touch and feel’ whatever they buy.

Today, Indian e-commerce industry is already close to USD 30 billion in size and analysts expect this to zoom to USD 200 billion by 2026. The growth of the sector was comfortably in sync with the meteoric rise of Flipkart.

From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquartered company now has multiple offices across the country. A bulk of its operations are run out of a plush campus in the city that is spread over 1 lakh sq ft and houses 6,800 employees.

It was almost two years after starting the business that Flipkart got its first full-time employee in Ambur Iyyappa, who went on to become a millionaire, thanks to the ESOPs. The headcount was rapidly scaled to 150 that year.

In October the same year, Accel Partners came on board as an investor and pumped in USD 1 million. A few months later, US hedge fund Tiger Global bought into the vision and Flipkart received a funding of USD 10 million.

A number of funding rounds later, Flipkart raised USD 1.4 billion from Tencent, eBay and Microsoft, followed by USD 2.5 billion investment by SoftBank Vision Fund last year. The year 2010 was an important one for Flipkart with the company shipping among other things, electronics and mobile phones. This category now makes up for a significant portion of the sales for the online platform.

It was also the year when Flipkart pioneered ‘Cash on Delivery’ in India, which changed the course of online retail in the country as consumers now paid for items only after receiving them, adding a layer of comfort to online shopping. Flipkart launched its logistics unit, eKart to smoothen deliveries.

In 2016, Flipkart achieved the milestone of 100 million registered customers and saw Sachin and Binny earning a spot among TIME magazine’s list of 100 most influential people. The company made its first acquisition with WeRead and since then, it has acquired a number of companies including Letsbuy, FX Mart, fashion e-tail player Myntra and UPI-based payments startup PhonePe. It also bought a majority stake in companies like Jeeves and ngpay.

At the beginning of last year, Kalyan Krishnamurthy was named as the new CEO, moving Binny Bansal to the role of Group CEO. Reports suggested that Tiger Global wanted better control of the organisation and hence, the decision. Bansals’ e-commerce bet finally has paid off big time and set the 2018 M&A counters ringing with US retailer Walmart buying about 77 per cent stake in Flipkart for USD 16 billion.

→ Flipkart Walmart Deal , Walmart Flipkart Deal ←

[letsservice-blog]

You unknowingly spend Rs 600+ each time you service your vehicle!

India is a vast country predominantly driven by the 2-wheeler economy. With more than 15000+ service centres located across India, and an average of 20 million vehicles serviced every year at the authorised service networks, a lot of people spend hell lot of time visiting these service centres for service.

Let’s take the case of a city like Bengaluru. This is how an average customer visits a service center for service. He wakes up early in the morning by about 7 AM, gets ready quickly and leaves his home to the service center. An average service center is located about 4-6 kms away from his house. The customer rides his way to the center and spends about 30 mins to reach the service center (considering the ever increasing traffic situation in the city). Now he waits an average of 15-30 mins at the service center for his turn to speak with the service advisor. This wait is normal considering the sheer number of customers who do the same thing every morning, which leads to a big queue at the service center by about 8.30 AM.

Once the customer delivers his bike to the service advisor, he has to now plan to reach his place of work. An average distance from the service centre to a place of work is easily 8-10 kms in a city like Bengaluru, as most tech parks are located at specific locations in the city. Now assuming the customer takes an Ola or Uber, he will easily spend about INR 100-150 to reach his office, and along with it also spend about 30-45 mins in transit.

The same situation arises in the evening when he has to make his way to the service center again, to collect his vehicle post service. This time since it is peak hours, he will end up spending a little more money to reach the service center. Let’s assume the customer spends about INR 150-200 for this trip. Once he reaches the service center, he needs to meet the service advisor, understand the repairs done, collect the invoice and wait at the billing counter to make a payment. The billing counters are normally full in the evening as many others, just like this customer, would have come to collect the vehicle. An average customer spends about 10-15 mins at billing. And now the customer takes his bike and rides home, the same journey of about 4-6 kms and takes about 30 mins to complete the ride.

Now let’s rewind and understand the cost incurred by the customer during this endeavour. Also let’s assume this customer is working with an IT company and earns about INR 40,000 per month.

- Commute from Home to Service Centre - 6 Kms and 30 Mins - INR 92 spent in time.

- Commute from the Service Centre to Office - 10 Kms and 45 Mins - INR 150 spent in cash and INR 140 spent in time.

- Commute from Office to Service Centre - 10 Kms and 60 mins - INR 200 in cash and INR 184 in time.

- Commute from Service Centre to Home - 6 kms and 30 mins - INR 92 spent in time.

Now let’s calculate the total cost incurred by the customer to get his vehicle serviced. INR 92 + INR 150 + INR 140 + INR 200 + INR 184 + INR 92. Which equals - INR 858.

Is it worth spending INR 858 every time?

This is precisely what Let’s Service is trying to simplify. Availing pickup and drop facility can save you valuable time and money. An average cost of pickup and drop for the same distance costs you INR 300 (incl of taxes) and you end up saving INR 558 each time.

We have made this even more affordable and simple for the customers. Now avail the Let’s Service Annual Membership and get 4 Pickups and Drops (valid for 1 whole year) at just INR 699 (incl of taxes).

This means you spend only INR 175 for each service as against the INR 858 that you would spend otherwise.

With the Let’s Service Privilege Membership, you can

- Track the service progress of your vehicle sitting at home or office

- Make payments online through wallets, net banking, Debit/Credit cards

- Provide feedback

- And save a lot of time so that you can focus on more important things in life.

And guess what, the membership works with all the below brands.

- Honda

- Hero MotoCorp

- Royal Enfield

- Vespa

- Suzuki

- Yamaha

- Bajaj

- TVS

Simplify life now! Click here  to become a Privilege Member.