Author: Srinivas Reddy

Bengaluru, NFPost: State Bank of India (SBI) is set to invest $100-150 million (Rs 750-1,000 crore) and leverage its YONO platform to set up a business-to-business (B2B) e-commerce marketplace for micro, small and medium enterprises (MSMEs). The country’s largest lender hopes this will also help it better manage financing of small businesses. The plan, which has been cleared by the bank’s executive committee, entails getting MSMEs on to the platform and providing funds based on the transactions that take place. The bank is hoping that it will not only help assess risk better but will also give it greater grip over receivables. “We are…

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Bengaluru, NFAPost: Alcatel-Lucent Enterprise, the global leader in business communications and collaboration solutions, has upgraded its cloud-based video and communications platform RainbowTM to take the user experience to a new level and facilitate advanced interactions between larger groups of participants. Over the past months, the global Rainbow platform has seen a dramatic growth in usage as companies and organisations worldwide have adopted the solution to maintain business continuity while ensuring secured remote working for their employees during the crisis.  The enhancement of the platform will further improve the collaboration experience for Rainbow users while supporting safe working practices and teamwork during social distancing. The evolution of the user experience centres…

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Bengaluru, NFAPost: Even when the country is facing the challenges of Covid-19 pandemic, last week witnessed 15 Indian startups raised funding. Of the total 15 fuding, 11 startusps raised a total sum of about $46.7 million. Among them, Zetwerk raised the highest funding of about $21 million followed by Flinto, which raised $7.2 million. At the same time, funding for 4 of the total funded startups remained undisclosed. Flinto: Learning Solutions, the leader in Early Childhood Education in India, raised $7.2 million in Pre-Series B funding, led by Lightbox Ventures. Founded in September 2013 by – Arunprasad Durairaj, Vijay Babu…

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Bengaluru, NFAPost: Automation Anywhere, a global leader in Robotic Process Automation (RPA), has joined forces with SpringPeople, a leading digital training provider, to enable Organizations on RPA and help them future-proof their business in the post-pandemic era.  Headquartered at San Jose, California, Automation Anywhere (AA) is a$7 Billion company that pioneered the digital workforce. As more businesses are automating their process to minimise human dependency by adopting Chatbots, Robotic processes, Human-Bot collaboration etc, this partnership is significant for the Indian IT industry. More so, because it follows AA’s recent collaboration with NASSCOM Future Skills to enable IT workforce of 300,000+ in India. The…

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Fourth Straight Positioning as a Leader Recognises Completeness of Vision and Ability to Execute  Bengaluru, NFAPost:Oracle has been named a Leader in Gartner’s “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” analysis, with the furthest overall position for Completeness of Vision and highest overall position for Ability to Execute. This is the fourth consecutive year that Gartner has named the company a Leader based on its ability to execute and completeness of vision. A complimentary copy of the report is available here. According to the Gartner report, Oracle leaders demonstrate a market-defining vision of how core…

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Bengaluru, NFAPost: India’s overall petroleum products consumption, which had nosedived in last week of March’20 and April’20, is now steadily getting to its pre-lockdown levels in June’20 as reflected in the sales figures of PSU oil companies -IOC, BPC and HPC. The sales of petroleum products in India, the world’s third-biggest oil consuming nation, had fallen to the lowest since 2007 due to thenationwide lockdown necessitated preventing the spread of Covid-19 pandemic. With the gradual lifting of lockdowns and beginning of unlocking of the economy in a phased manner allowing resumption of industrialactivity and movement of people, the total consumption…

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Travelers can now avail best in class bespoke hospitality experiences in a safe, clean and assured environmentSave up to 35% for stays until March 31, 2021 Bengaluru, NFAPost: Hilton announced the launch of its limited-time ‘Dream Away’ offer, which is now available for travelers across all Hilton hotels in India. Hilton ‘Dream Away’ offers several benefits & formidable experiences to guests looking to reconnect with friends and family or travelling for business. To avail the Dream Away offer, travellers, need to book their room(s) by 15th July 2020 for stays until March 31, 2021. Hilton Honors (loyalty program) members get an…

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● COVID-19 lockdown has catalysed the willingness of techies to getting certified, finds TechGig survey ● Deep understanding of a new-age technology emerged the biggest reason for techies to take a certification ● Freshers and new joiners are more interested in getting certifications than working professionals ● Around 35% of respondents admit that the prices of certification courses are out of their budget NFAPost: Cloud technology – which is facilitating communication and remote working amid the present Covid-19 lockdown – is also the preferred choice for upskilling for the Indian developers, reveals a survey conducted by TechGig. The preference for Cloud…

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EY survey, Future Consumer Index, tracks consumer behavior and sentiment in IndiaThe pandemic has created four new consumer behavior segments evolving in five different ones after the crisis Bengaluru, NFAPost: According to EY’s latest report ‘COVID-19 and emergence of a new consumer products landscape in India’,60% of Indian consumers believe the way they shop would change as a result of COVID-19. In the early stages of the pandemic, consumers were worried about the health of their families and meeting their basic needs. These common concerns are manifesting themselves in different ways. This is defined by four distinct consumer behavior segments, according…

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Survey shows mentorship can help close the uncertainty gap amidst Covid-19 Bengaluru, NFAPost:As more people work from home because of the ongoing pandemic, the need for mentor-led, career-focused partnership is exactly what today’s career-changers and job-seekers need, reveals India’s first mentorship survey from Springboard, a leading online platform for workforce upskilling. The current transition to remote work, has significantly impacted career growth and development prospect for many in India. From leaders to job seekers, there is a pressing need to rethink how growth and develop is perceived. Virtual men-toring programs can fill the major gaps in the current job market…

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