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Datacipher Accredited as a Check Point Authorized Training Centre

Datacipher, a Professional Services Company specialized in next generation networking and security services, has been accredited as a Check Point Authorized Training Centre in India. Check Point Software Technologies is the largest pure-play security vendor globally. Datacipher was selected due to their technology expertise, and their extensive learning services delivery expertise. Backed by agreement with Check Point, Datacipher fully commits to execute Check Point’s global training and certification program.

“Datacipher is accelerated to be the go-to choice in APAC for Next generation networking, Cloud, and cyber security skills,” according to Kusala Gade, Director Trainings at Datacipher. “Datacipher is extremely proud to be associated with Check Point and has proven expertise in excellent training delivery. This new partnership is part of building our offerings in Network security to privileged customers in our managed services portfolio.”

More information on Check Point Certification Training is listed the course catalog at

To learn more about Datacipher’s available training courses or to register, please visit or send email to

About Checkpoint

Check Point Software Technologies Ltd. ( is the largest network cyber security vendor globally, providing industry-leading solutions and protecting customers from cyber-attacks with an unmatched catch rate of malware and other types of threats. Check Point offers a complete security architecture defending enterprises – from networks to mobile devices – in addition to the most comprehensive and intuitive security management. Check Point protects over 100,000 organizations of all sizes.

About Datacipher

Datacipher offers network design and strategy, implementation, System integration services, security practices and specialized in providing Professional Services Consulting and Certified Training. Datacipher has extended Training & Services Delivery to multiple regions in APAC i.e., India, Australia & New Zealand, Singapore and Philippines.

Quality is our obligation and we ensure 100% delivery commitment. We understand success comes through our Technical Capability. We have highly experienced Engineers with a passion to deliver Services and trainings and have access to latest cutting edge technologies. We focus on building the best Testing labs with all latest devices and access methods to ensure certainty in delivery.

For more details pls visit

Chairman, TEXPROCIL Welcomes Reduction in GST Rate for Job Work in Textile Sector

The Goods and Services Tax (GST) Council in its 20th meeting on Saturday decided to cut the tax rate for job work for the entire value chain of textiles sector to 5 per cent. Earlier, the GST for job works related to textile yarns, other than manmade fibres and textile fabrics, was 5 per cent, while for manmade fibres yarns and made ups/garments, it was 18 per cent. “The reduction in the GST rate for job work in the made ups and garment sectors is welcome and a positive measure which will bring down the costs for the textiles sector across the value chain,” said Shri Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL). “Majority of the manufacturing activities in the textiles sector take place through job work and the reduction in the GST rate for job work has come as a huge relief for the sector,” pointed out Shri Lahoti. The Chairman TEXPROCIL thanked Shri Arun Jaitley, Hon’ble Union Finance Minister, and Smt Smriti Zubin Irani, Hon’ble Union Textile Minister for reducing the GST rate for job work in the textile sector.

With regard to exports, Shri Lahoti said, “Merchant exporters cannot benefit from the facility of exports under Bond/ LUT.” There is no enabling document prescribed so far by the Government under which goods can be cleared by a manufacturer without charging IGST meant for exports by a merchant exporter against Bond/LUT, pointed out Shri Lahoti. In the absence of such a provision, the manufacturer charge IGST on the goods supplied by him to the merchant exporter meant for exports under Bond/LUT. In the erstwhile Central Excise regime, there was a facility under which a merchant exporter who has executed a Bond (B-1 Bond) was provided with C.T.1 certificates. The manufacturers supplied the goods without charging Central Excise duty to the merchant exporters against the C.T.1 certificates. The Chairman, TEXPROCIL urged the Government to introduce similar facility at the earliest so that the merchant exporters exporting under Bond/LUT can get IGST free goods from the manufacturers. The Foreign Trade Policy allows fulfillment of export obligations under various schemes though “third party exports”. Such a provision of getting exports goods without payment of IGST from the textiles manufacturers will lead to ease of doing business and also seamless flow of credits, according to Shri Lahoti.

Further, to operate under the facility of Bond/ LUT, a Bank Guarantee is required to be furnished by the exporters. Shri Ujwal Lahoti urged the Government to exempt those exporters holding a valid membership with an Export Promotion Council from furnishing Bank Guarantees as it increases costs for the exporters. In the Central Excise regime, merchant exporters who were members of an EPC were exempted from furnishing Bank Guarantees while executing B-1 Bond, pointed out Shri Lahoti.

Max Financial Services Q1 Consolidated Revenues Grow 14 percent to Rs. 2,566 Cr.

Max Life Q1 FY2018 Highlights:

  • Revenues1: Rs. 2,560 Cr., grew 15%
  • New Sales: Rs.  554 Cr., grew 18%
  • Solvency Surplus: Rs. 1,953 Cr.; Solvency Ratio: 295%

Max Financial Services Ltd. (MFS) today announced financial results for the first quarter of financial year 2017-18 (Q1 FY2018). MFS, one of the only two listed companies providing pure access to the Indian private life insurance sector, reported strong financials with consolidated revenues1of Rs. 2,566 Cr., growing 14% over the previous year.

MFS’ sole operating subsidiary Max Life Insurance reported revenues1 of Rs 2,560 Cr., growing 15% over the same period last year. In Q1, Max Life reported New Sales of Rs. 554 Cr., growing 18%, while Individual Adjusted Sales totalled Rs. 458 Cr., growing 19% over last year. The company’s normalised2 Shareholders’ Profit Before Tax in Q1 was Rs. 106 Cr., in line with last year. Max Life also reported a Solvency Surplus of Rs. 1,953 Cr., with a healthy Solvency Ratio of 295% and the company’s Assets Under Management, as at 30th June 2017, stood at Rs. 45,870 Cr, making it the 5th largest fund manager among private life insurers in India.

Earlier this year, Max Life had announced its Embedded Value3, which stood at Rs. 6,590 Cr. as at 31st March 2017 with an Operating Return on EV (RoEV) of 20%. The Value of New Business (VNB) written during FY2017 was Rs. 499 Cr, growing 29% over the previous year, and the new business margin stood at 18.8%.

Commenting on the Company’s performance, Mr. Rahul Khosla, President, Max Group and Chairman, Max Life Insurance said, “Following a year of unprecedented growth in financial year 2017, Max Life’s performance in the first quarter of financial year 2018 has laid a strong foundation for steady organic growth in the near future. In the coming months, it will be our priority to optimise market share and profitability while focusing on organic and  inorganic growth opportunities.”

Mr. Mohit TalwarManaging Director, Max Financial Services Ltd. said, “A robust growth of 19% in Individual Adjusted Sales further cements Max Life’s position as one of the leading life insurers in the country. While our key bancassurance partnerships including those with Axis Bank and Yes Bank continue to contribute significantly to our growth, we will pay special attention to driving profitable growth in our proprietary channels such as Corporate Agency and e-Commerce. With a strong emphasis on solvency and embedded value growth, we will continue to ensure the best returns to our stakeholders.”

About Max Group


The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Health & Allied businesses and packaging sectors. In FY2017, the Group recorded consolidated revenues of Rs. 16,798 Cr. It has a total customer base of 9 million, nearly 240 offices spread across India and people strength of 22,500 as on 31st March 2017. The Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC Washington, Vanguard, Ward Ferry, New York Life, Morgan Stanley, Nomura, Temasek and Wasatch.

The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries.

About Max Financial Services Limited


Max Financial Services Limited (MFS), a part of the US$ 3 billion Max Group, is the parent company of Max Life, India’s largest non-bank, private life insurance company. MFS actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.

About Max Life Insurance


Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 17 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision ‘To be the most admired life insurance company by securing the financial future of our customers’. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
For further information, please visit:

Max Group:


1 Excludes Max Life Unit Investment Income 
2 Excludes the impact of One-off items from last year
3 EV post final shareholder dividend

PTC and KPIT Launch Center of Excellence

PTC (NASDAQ: PTC) and KPIT Technologies (BSE: 532400; NSE: KPIT) today announced the opening of a Center of Excellence (CoE) at KPIT’s campus located in Pune, India. The inaugural event focused on bringing customer experience and engagement to the Industrial Internet of Things (IIoT) with solutions built on PTC technologies.

Demonstrations at the launch included intelliAssetTM and solutions for smart cities, smart campus, and digital journeys. Customers who attended the launch event were given demonstrations on how to improve processes and service by integrating product definition through the Industrial IoT standards of Industrie 4.0.

“It is important for companies to provide an integrated experience using Industrie 4.0 technologies,” said Probodh Chiplunkar, Head of Digital Business, KPIT. “Customers want the ability to forecast asset performance, predict changes, and prescribe action from a single application. KPIT intelliAsset™ provides just that.”

IoT solutions can offer a more seamless experience for the user, and the user experience for operators and technicians is just as important as for management. Through KPIT’s diagnostics stack and the software-as-a-service (SaaS) applications built on the ThingWorx® Industrial IoT Platformfrom PTC, customers can seamlessly connect and monitor remote assets, interact with business applications, and drill down to the original digital product definition stored in PLM systems. This helps improve asset utilization and reduce unplanned outages.

During the inaugural event, KPIT illustrated how companies can put the power of the digital thread into action with demonstrations of smart, connected products in digital engineering, manufacturing, and service through solutions built on PTC technologies.

“Customers who were part of the CoE launch explored how the digital thread of a manufacturing part can start with product definition, proceed through creation of the bill of materials, link back to specifications, and then flow into manufacturing,” said Robbie Morrison, Practice Director, Extended PLM, KPIT. “The digital thread links the asset from its origin to deployment and monitoring in the field.”

“KPIT is building solutions aimed at providing value for discrete and process manufacturing industries and smart cities,” said Catherine Kniker, Chief Revenue Officer, Platform Business, PTC. “Built on the ThingWorx platform, KPIT’s integrated customer-engaging applications for smart factories and asset management are designed to enable customers to accelerate their time to market in these industry settings.”

About KPIT Technologies Ltd.

KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.


PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

Website:, Twitter: @PTC, PTC Blog: Blogs

PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

Microsoft Corporation (India) Pvt. Ltd. Wins Frost & Sullivan’s “Unified Communications Application Vendor of the Year” Award at the 2017 India Digital Transformation Awards

Microsoft Corporation (India) Pvt. Ltd., the worldwide IT leader in software, solutions, and services was named ‘Unified Communications Application Vendor of the Year’ at the 2017 Frost & Sullivan India Digital Transformation Awards held in Mumbai. Currently in its 15th year, the 2017 Frost & Sullivan India Digital Transformation Awards witnessed the participation of leading personalities and companies from the Information and Communication Technology sector. These companies were lauded for their exceptional growth and market strategies, product development abilities, competitive advancement skills, technology innovation, and dedicated customer focus.

Microsoft has always been a major stakeholder in the Unified Communications market space. The company has been serving customers in India through its innovative products and services that fit specific needs of enterprises. Microsoft revamped and strengthened its existing Office365 and Skype for Business (SfB) portfolio to include business intelligence and team collaboration solutions. These enhancements well reflect Microsoft India’s focus on the company’s computer technology and software products, and empower the communities they operate in. The company’s long-term vision to create simple, easy to use yet productive applications has helped it gain customer confidence and market reputation in India.

Congratulating Microsoft Corporation (India) Pvt. Ltd. on the award, Mr. Benoy C.S., Director & Business Unit Head, Digital Transformation (ICT) Practice, Frost & Sullivan said, “Microsoft has been at the forefront of innovation and has enabled enterprises to transform their digital experience. With a deep focus on empowering end users, Microsoft made significant development in its solution portfolio to offer flexible and secure solutions to enterprises. The company’s continued investments in technology backed by a strong go-to-market strategy have given it a competitive edge. The company catered to every enterprise segment with unique offerings and enhanced value proposition. With a strong partner ecosystem, the company has strengthened its foothold and visibility in India. Microsoft is a strong thought leader and trustworthy name in the unified communication services segment and has consistently worked towards customizing its offering to suit every enterprise.”

Speaking on the occasion, Mr. Alok B. Lall, Director, Office Business Group, Microsoft India said, “In line with our focus of empowering organizations with digital transformation, security and innovation, we are delighted to receive this award that will inspire us to keep strengthening our efforts in this direction. Our belief is that ‘At the heart of great teams is great communication’. Teams that communicate often and openly are more efficient, respond faster and plan better, ultimately leading to business efficiency and productivity. As companies go through digital transformation, we are delivering innovation in our ‘Skype for Business Online’, a cloud platform that unlocks creativity by empowering people to express their ideas more effectively. With our vision to help individuals and businesses realize their full potential, our promise is that with new capabilities, customers can significantly simplify their infrastructure with one platform, be it for calling, conferencing, video, or sharing.”

About the Award 

The award recipients were judged on a variety of parameters that included revenue growth, innovation, product portfolio diversity, key achievements, and Go-to-market Strategy. It involved in-depth primary interviews with various industry participants and secondary research conducted by Frost & Sullivan analysts. An elite panel of jury members comprising of prominent CIOs/CTOs from the industry evaluated the compiled data and incorporated the end-user perspective. Frost & Sullivan then presented the Awards to companies that received the highest industry rank in each category.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

About Microsoft Corporation (India) Pvt. Ltd 

Founded in 1975, Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more. Microsoft set up its India operations in 1990. Today, Microsoft entities in India have over 8,000 employees, engaged in sales and marketing, research and development and customer services and support, across 11 Indian cities – Ahmedabad, Bangalore, Chennai, New Delhi, Gurugram, Noida, Hyderabad, Kochi, Kolkata, Mumbai and Pune. Microsoft offers its global cloud services from local datacenters to accelerate digital transformation across Indian start-ups, businesses, and government agencies. In 2016, Microsoft opened one of its eight Cybersecurity Engagement Centers in the country, to address security needs of both public and private sectors.

Twitter: @Frost_Sullivan (Event hashtag – #fsictawardsindia)

THINKERS Announces List of Foremost Thinkers in the Area of Economics and Governance in India

  • List of 50 thinkers in the area of Economics and Governance was unveiled at THINKERS Sandbox, an event was held at The Imperial, New Delhi on August 9, 2017.
  • The list includes distinguished set of reformers, influencers, financial architects and academics like Bimal Jalan, Bibek Debroy, Rakesh Mohan, Arvind Subramanian, and Shashi Tharoor.
  • Anupam Kher released the list at the event.
  • Two book unveilings also occurred at the event. Bimal Jalan released his book titled “India: Priorities for the Future” while Gurucharan Das launched his box set “10 Extraordinary Tales of Trade”.

THINKERS Sandbox, an event held by THINKERS & Penguin Random House with YES BANK and the YES Global Institute as the Presenting Alliance Partner, announced a list of top 50 thinkers in India in the field of economics and governance. The list was unveiled by Anupam Kher at the event. It included a distinguished set of reformers, influencers, financial architects and academics who have made a difference by driving the national narrative with their unique ideas or steering the nation itself with their firm decision making. The list featured economists like Jean Dreze, Prabhat Patnaik and Paranjoy Guha Thakurta; columnists like Gurcharan Das, Swaminathan Aiyer and T. Ninan; central bankers like Bimal Jalan, C. Rangarajan and Y.V. Reddy; and reformers like Montek Singh Ahluwalia, Rakesh Mohan and Viral Acharya.

The list was formulated after careful deliberation on how these thinkers enable discourse in society and what is their level of public outreach. These characteristics were adjudged based on their book publications, newspaper contributions, social media engagement and influence in public policy with a preference for ones based out of India. There will be an annual publication of such a list of thinkers in India. It aims to act as an essential guide on the thinkers and the ideas that have contemporary relevance in modern India and its development and recognise the independent minds of the country that have made it a better place and shaped a better future for it. To view the complete list and for more detailed information click here.

Dr. Amit Kapoor, Editor-in-Chief, Thinkers said, “India is fortunate to have a ubiquity of talented minds in every field of the society that have made incomparable contributions in shaping India as we know it today. THINKERS is all about recognising such individuals and their ideas. The THINKERS list of 50 thought leaders does exactly that and also acts as a guide for the nation as to which set of thinkers and ideas they need to follow to become more informed citizens.”

Dr. Shubhada Rao, Chief Economist, YES BANK, said, “YES BANK and YES Global Institute are proud to be associated with the launch of the Thinkers list. At a time when our country is poised to benefit from path breaking economic reforms, forums such as these will help foster economic and governance ideals towards India’s sustainable and holistic socioeconomic transformation.”

The list was released at the THINKERS Sandbox event, which was held at The Imperial, New Delhi on August 9, 2017, and featured a subset of the list’s 50 thought leaders. THINKERS Sandbox is a platform to discuss new ideas, new thoughts, address challenging issues, forge new paths and identify synergies. This year the event focused on the topic of “Economics & Governance” and featured insightful talks and panel discussions around various paradigms of the Indian economy.

The event also witnessed the unveiling of Bimal Jalan’s latest book “India: Priorities for the Future” in which he has penned down a formidable analysis of India’s economic journey in the last four decades and Gurcharan Das’ “10 Extraordinary Tales of Trade” that takes an in-depth view of business communities in India.

Speaking about the event, Milee Ashwarya, Editor-in-Chief, Penguin Random House India, said that “I’m delighted that we have a range of minds presenting diverse ideas on one platform THINKERS Sandbox today. It was an honour to have the business series Tales of Trade edited by Gurcharan Das to be released with Anupam Kher and the best minds in economy and governance in the country. We are a nation that has always encouraged debates, discussions and divergent views and THINKERS is an attempt to find space to encourage this unique quality about India.”

About Thinkers

Thinkers is a quarterly thought leadership magazine with articles, interviews, and thought pieces from the brightest thinkers in the areas of economics and governance; philosophy and literature; science and technology; and management. It is an initiative of Institute for Competitiveness & Thinkers50 India.

About Amit Kapoor

Dr. Amit Kapoor is the Editor-in-Chief Thinkers and is also an advisor to Thinkers50. He is also the Chair of Institute for Competitiveness and is President & CEO of India Council on Competitiveness. Recently, he has authored the book Riding the Tiger published by Penguin India.

About Institute for Competitiveness

Institute for Competitiveness, India is an independent, international initiative centered in India, dedicated to enlarging and disseminating the body of research and knowledge on competition and strategy, pioneered over the last 25 years by Professor M.E. Porter of the Institute for Strategy and Competitiveness, Harvard Business School (ISC, HBS), USA. Institute for Competitiveness, India works in affiliation with ISC, HBS, USA to offer academic & executive courses, conduct indigenous research and provide advisory services to corporate and Government within the country. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities; suggests and provides solutions for social problems. Institute for Competitiveness, India brings out India City Competitiveness Report, India State Competitiveness Report, and funds academic research in the area of strategy & competitiveness. For more information, visit

Everest Group Names HCL Technologies as a Leader in Global Banking and Global Capital Markets Application Services

HCL Technologies (HCL), a leading global IT services company, has been identified as a leader in two of the Everest Group’s 2017 PEAK Matrix™ assessments. HCL was recognized for its Global Banking Application Outsourcing Services as well as for its Global Capital Markets Application Outsourcing Services.

Positioning on both the Global Banking Application Outsourcing Services and Global Capital Markets Application Outsourcing Awards are based on criteria across two dimensions. The PEAK Matrix looks at market success by vertical-specific revenue, the number of large active deals, and the yearly vertical-specific revenue growth. The delivery capability of a company is also measured, and this criterion includes the scale of operations, scope, domain expertise and innovation, delivery footprint, and buyer satisfaction.

“Receiving this leadership award for the third year in a row demonstrates HCL’s commitment to going beyond the contract to keeping our Financial Services clients ahead of market demands, technology trends, and customer behaviour,” said Rahul Singh, President & Global Head – Financial Services, HCL Technologies. “Our vision to simplify, digitize, and disrupt helps us build futuristic solutions that enable our clients to in-turn provide a superior experience to their digital native consumers.”

“Financial institutions are redesigning their technology sourcing strategies to respond to changing consumer demands, new technologies, regulatory pressures, and intense competition from FinTech competitors,” said Jimit Arora, Partner, Everest Group. “Consistent successes in winning new deals, a willingness to invest in clients through co-innovation labs, and sustained investments in new capabilities such as application modernization, API services, and automation, have positioned HCL Technologies as a leader for the third consecutive year on Everest Group’s 2017 PEAK Matrix™ Assessment for Applications Outsourcing in Banking and Capital Markets.”

The Global Banking Application Outsourcing Services can be downloaded here.

The Global Capital Markets Application Outsourcing Services can be downloaded here.

India’s First Product of its kind, FlexSalary, a Virtual Unsecured Personal Emergency Line of Credit Launched Nationally at Hyderabad

  • Vivifi is looking to raise INR 100 crore
  • The Indian Lending Business Size is put at $ 1.2 Trillion

A Hyderabad-based Fintech Startup, Vivifi India Finance Pvt Ltd, a Non-Banking Finance Company (NBFC), announced today the national launch of FlexSalary, an online virtual unsecured personal emergency line of credit which is built with the vision to help individuals steer away from the awkwardness of short-term cash crunches.

Currently the start-up is self-funded and is looking to raise INR 100 crore, towards Lending Capital and Operations. The Indian Lending business with a size of $ 1.2 Trillion with over 40% being under-served or unorganized, is ripe for disruption with innovative lending models

The startup founded by Anil Kumar Pinapala, Srinath Kompella and industry veterans, offers as its first product, salary advance loans to salaried employees in the Organized and Unorganized sectors.

Many salaried individuals fail to secure credit with traditional financial institutions since they fail to meet the narrow, stringent and traditional lending norms from the service provider. Sometimes the causes, for which money is required, do not qualify for a typical bank or traditional NBFC loan, and in many cases, there is no loan product that addresses short-term credit needs which may last just for a few days.

Consumers, especially millennials, are more comfortable using technology to find and sign up for quicker credit informs Patrick Kishore, the Chairman of the company who has 37 years of experience in the Indian Banking and Financial Services Sector while addressing a press conference here in Hyderabad today. He has served as the COO of IDRBT and was instrumental in the implementation of RTGS/NEFT and has worked directly with RBI on several Regulatory Framework and Guidelines.

Vivifi, is set-up with an objective of serving the financial needs of the Under-Served customers with a Risk-based pricing model and a customer acquisition and loan origination process that is technology-driven. Our first product offering is where you get an instant line of credit against your salary anytime. In other words, it is “your salary in advance,” said Anil Kumar Pinapala. CEO of the company, Anil has over 17 years of experience in the Fintech domain.

Anil is a Technology thought leader in the small ticket sub-prime lending and has immense experience in Machine Learning Risk Algorithms for Underwriting and automated loan origination and servicing.

FlexSalary is an open-ended line of credit, where borrower decides the loan tenure, says Srinath, Co-Founder & COO who has 15 years of experience in the Fintech domain. He has been instrumental in devising Credit Service Organization-based subprime lending operations.

Customers can sign-up for FlexSalary with an easy and simple one-time application with an instant approval, instant disbursals and the ability to access credit anytime. This is a unique product with no fixed EMI payment and providing the customer continuous access to cash from their available credit limit. The customers, can avail discounted interest for seven days on cash for their emergencies, by opting into the membership program.

This product is ideally suited to handle any short or long-term cash crunch to pay for vehicle expenses, to head off on holiday, to make credit card payments, to pay tuition or school fee, to not miss an EMI payment, to protect credit score, to meet unplanned medical expenses or for medical emergencies.

An emergency is a serious, unexpected, and often dangerous situation requiring immediate action. When life presents such a case, it threatens financial well-being and causes stress. At these times, is there enough cash available to pay for these unexpected expenses? Can you borrow money in an emergency? Could you get a loan from friends, family or your bank? Or would you rather have access to an easy online line of credit to handle emergencies? FlexSalary is the solution. It is the futuristic product.

The virtual unsecured personal Line of Credit will be extended from as little as two thousand to two lakh to qualified individuals in India.

Banks do not offer such products and only entertain borrowers who earn above a certain limit. If salaried individuals are looking for small loans for a few days, weeks, banks might not show interest, due to the costs they incur.

Now, such left-out borrowers can turn to an online platform like

None of the existing banks are leveraging technology for salaried lending. So we have built an entirely paperless lending platform which will revolutionize the way consumer loans are executed, says Srinath.

There is a gap in the Indian credit system, where there is a large under-served segment stretching across Organized and Unorganized sectors estimated to be as much as 40% of the consumer lending market. There are no existing solutions for these under-served customers, which are offering true risk-based pricing models thereby providing access at a fair price. There is a massive opportunity. India is a credit hungry economy. Alternative lending space is the solution, says Anil.

There is a regulatory and physical limitation for banks in meeting this burgeoning demand. With 7,935 towns and cities in the country, even the largest of the large banks have limited reach. Online lending and omni-channel customer acquisition can meet this unmet need, added Anil.

But, lending is not easy, Anil added quickly, so we built a robust system to provide personal loans instantly.

We, through an online platform, just work more like a bank on consumer lending. The Borrowers go through Know Your Customer (KYC) requirements. Using our proprietary machine learning-based Credit Decision Model we go beyond the traditional score as provided by CIBIL or Experian, so we layer in Income, Social, Spend Analysis, Educational, Employment, Behavioral and data to determine the true credit worthiness of the customer and their Ability to Repay.

The alternative lending space has shown strong signs of growth. USA and China are the two countries, which are making swift progress in the Online Lending space. The old rules of the game need to change. The traditional way of hunting for loans offline replaced with an online credit line. Because of customers comfort using smartphones coupled with technology the process of online loan disbursal even smoother with the arrival of India Stack (which includes Aadhar, e-KYC, e-Signatures and UPI).

Bolster Economic Growth Through Creative Industries: India’s USD 100 Billion Imperative

  • Creative economy has the potential to be a $100 billion industry within the decade
  • Narrow India’s skill gap, by adding 3 million new jobs by 2030 (on a conservative estimate)
  • Broadcasting industry contributes 48% of total size of the creative economy
  • 83% of appeals pending before TDSAT are from the broadcasting industry indicating a lack of ease in doing business
  • Policy implementation should provide adequate economic incentives and legislative protection, while balancing public interest of affordable access, in order to unlock the true value and potential of the creative economy

Digital India Foundation (DIF), a not-for-profit think tank aimed to foster digital inclusion and adoption, hosted the inaugural edition of ‘Create4India’. A forum where industry leaders and policy makers exchanged views on necessitating an ecosystem approach towards supporting the growth of India’s creative economy, backed by policies based on respect for Intellectual Property Rights (IPR) and Copyright. Contributing to the discussion, a report on ‘Promoting the Creative Economy: India’s USD 100 Billion Imperative’ was released by Koan Advisory, a research-driven advisory firm, combining legal, economic and investment expertise.

The key highlights of the report are as follows:

  • The ‘Creative Economy’ is a set of artists, musicians, small and large businesses, distributors and several content generators that comprise the Media & Entertainment industry
  • Adequate capital, available labour, mobile and internet based consumption trends are driving growth for the creative economy; lack of conducive policies is hampering growth
  • Creative economy has the potential to be a $100 billion industry within the decade
  • Narrow India’s skill gap, by adding 3 million new jobs by 2030 (on a conservative estimate)
  • Broadcasting industry contributes 48% of total size of the creative economy
  • Broadcasting organizations are restricted by regulation on channel pricing (bundling), mode and manner of offering channels for subscription, dependence on advertising revenues impacting quality, diversity of content and consumer choice
  • 83% of appeals pending before TDSAT are from the broadcasting industry indicating a lack of ease in doing business
  • Policy implementation should provide adequate economic incentives and legislative protection, while balancing public interest of affordable access, in order to unlock the true value and potential of the creative economy
  • Suggested way forward: Collective management to administer and protect rights owners’ interests, while facilitating easy access to copyright works by rights users and consumers

Supporting the findings of the report, Mr. Arvind Gupta, Founder, Digital India Foundation, said, “The current digital disruption and technological change has redefined the limits of human ingenuity and innovation, a phenomenon accelerated with ‘convergence’ in technologies and modes of content delivery. This convergence necessitates an ecosystem approach towards the creative economy’s growth and future regulation.”  Bringing perspective to the content consumption trends in India, he reiterated the need for creating new content that is, affordable, understandable and socially relevant for the India market.

Mr. Shashi Shekhar Vempati, CEO, Prasar Bharti, said “While native technology and artificial intelligence effectively guarantees impact, it is imperative to supplement it with creative minds, which exist in India and gives it an edge over the others. India possess a demographic uniqueness which places us ahead on the global map. What is lacking is an ecosystem to incentivise creators and insulate consumer experience.”

The panel discussions featuring industry stalwarts as Arun Thapar (EVP & Head of Content, AETN18 Media) and Vijay Nair (CEO, Only Much Louder) focussed on building a qualitative content driven framework, backed by digital disruption. Creating a significant digital presence in today’s era is not a luxury of choice, but a must have, to unleash the creative potential. Addressing the key ingredients of a robust creative economy, the panel necessitated the need for humanizing content, to make consumption more compelling and generation defining.

The second panel, led by Pushpendra Rai (Former Director World Intellectual Property Organization) deliberated that progressive policies backed by the right legislative intent is thus, quintessential to contribute to the success of this sector, not just to foster creativity, but to help in sustenance and growth of the creative economy.

Barkha Dutt (Author and contributing columnist), brought forth the content creator’s perspective stating that advertising dependence in media will always play to the lowest common denominator – the masses. What needs to be addressed is, how will India’s creative class emerge without a revenue model or an audience willing to pay for content.

In 2016, the National IPR Policy brought the administration of copyright under the Department of Industrial Policy and Promotion (DIPP) and highlighted the intrinsic linkages between commercialization, consumer choice and creativity. Indeed, the relative contribution of India’s creative economy to the GDP (0.9%), is less than most emerging market counterparts.

Wrapping up proceedings, Shri. R.S Sharma, Chairman, Telecom Regulatory Authority of India (TRAI), brought the regulators perspective to the discussion, sharing his belief in a transparent mechanism of open consultation with the industry and the stakeholders, with accountability to the people at large.

About Digital India Foundation

Digital India Foundation (DIF) is a non-for-profit trust founded by Arvind Gupta and designed as a think-tank aiming to foster digital inclusion and adoption, and the use of the Internet and related technologies for the developmental process.

The digital debate is a cross-cutting one. In India, and in the Indian social and socio-economic process, it aims to further and foster discussions on options and opportunities under the rubric of the entire ecosystem formulated by the Indian government and its Digital India programme (the name is coincidental; there is no direct connection between DIF and the government programme). DIF’s ambit of interest extends to but doesn’t stop at discussions and debates within the frameworks of Make In India, Smart Cities, Technology Inclusion, Digital Literacy, Participative Governance. Innovation Incubation, Software Product Procurement, E-Business and Disintermediation of Markets.

DIF will contribute to the transformation of Indian society, and help the public sphere leverage the force-multiplier capacities of technology.

Twitter: ​@DIFIndia

Wipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and Excelfore, a leading provider of middleware solutions for Smart Mobility Networks, today announced a global partnership to offer secure connectivity solutions for next generation smart and autonomous vehicles. This partnership combines Excelfore’s Smart Mobility Networks solutions with Wipro’s global systems integration and managed services expertise to enable connected car solutions for automotive original equipment manufacturers (OEMs) and Tier 1 equipment makers.

As part of this engagement, the two companies will enable scalable Ethernet AVB/TSN (Audio-Video Bridging/Time-Sensitive Networking) and Secure Full Vehicle FOTA/SOTA (Firmware/Software Over-The-Air) Update solutions for automotive manufacturers and smart mobility companies.

Wipro will also join Excelfore as a member of the eSync Alliance, a multi-company initiative for establishing compatibility among devices with common FOTA/SOTA and diagnostics APIs and middleware. These integrated solutions will enhance the connected car and autonomous driving experience along with accelerating the time to market for automotive OEMs and Tier 1 equipment makers.

John Slosar, Vice President and Global Head Automotive Electronics, Wipro Limited said, “Automotive OEMs seek to bring end-to-end secure networking solutions to market, with full vehicle over-the-air (OTA) updates at a global scale. Wipro’s partnership with Excelfore will enable the rapid deployment of these solutions in automobiles. This partnership enhances Wipro’s leadership position in the automotive engineering services market and strengthens our ability to support connected automotive initiatives of our global automobile customers.”

“Creating scalable and secure end-to-end connectivity is not just a question of technologies, but behaviors and disciplines. A system level architectural approach is needed, which takes into account networks and hardware in the vehicle, services in the cloud, and mechanisms of rolling out updates to vehicles, said Shrikant Acharya, Chief Technology Officer, Excelfore. “We are very excited to partner with Wipro. By combining Wipro’s service capabilities across Secure Connectivity Solutions for next generation smart and autonomous vehicles with Excelfore’s expertise in Smart Mobility Networks, together, we aim to deliver state-of-the-art connected automotive solutions for our customers.”

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

About Excelfore

Excelfore, located in Silicon Valley, is an innovative provider of cloud platform and connectivity applications for intelligent transportation. It provides middleware solutions for smart mobility networks that enable OEMs and suppliers to build the next generation of smart, autonomous and learning vehicles, fleets and associated infrastructure. Excelfore products include the eAVB™ protocol stack for in-vehicle Ethernet TSN (time-sensitive networking), as well as the cloud-to-vehicle eSync™ system for OTA updates, diagnostics and telematics

Excelfore is a registered trademark of Excelfore Corporation.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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