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Mumbai: The new leadership at Tata Sons Ltd should take into account the main worry of Tata Trusts—a decline in the dividend income of the group holding company—and work towards improving the performance of all operating firms, said V.R. Mehta, a trustee of the Sir Dorabji Tata Trust. The leadership should ensure that the overall profitability and income of the group improves, and the dividend payout by Tata Sons to Tata Trusts not only stabilizes but increases, Mehta said in an interview, a day after N. Chandrasekaran’s appointment as the new Tata Sons executive chairman. “The main worry of the trust was the decline in the dividend income of Tata Sons from the operating companies,” he said. Tata Trusts control two-thirds of Tata Sons and were a prime moving force behind the surprise ouster of Cyrus Mistry on 24 October. ALSO READ | How N. Chandrasekaran became Tata Sons chairman Dwindling dividend growth has been often cited in Tata group communiques and interviews as a key reason f

Chennai, Tamil Nadu, India While “Jallikattu” seems to be the trending topic of discussion in Tamil Nadu at the moment, a silent revolution envisioned by youth icon and late Former President of India, Dr. APJ Abdul Kalam has quietly gained momentum. Ignite-India is a nation-wide innovation platform for student innovators and young entrepreneurs in high schools and colleges. Founded by International swimmer Agnishwar Jayaprakash in 2014, the organization has designed & hosted 96 Regional Innovation Conferences and 3 National Innovation Conferences across 36 cities in India where students competed to showcased their innovative creations. These innovations were judged based on the practicality, creativity & sustainability by technical experts from diverse fields. Ignite-India has attained astronomical success and has been recognized by the United Nations as one of the top Socio-economic educational initiatives that has utilized innovation and technology as a catalyst for young stu

BANGALORE , January , 2017 A Soul-s tirring Campaign Showcasing the Integral Role That Friendship Plays in an Individual's Journey of Self-Discovery McDowell's No1 Soda by United Spirits Limited - a Diageo group company has launched the ' Yaaron Se Bane Hum ' campaign, which is an evolution of its iconic ' No1 Yaari ' campaign and represents a new perspective on celebrating the bonds of brotherhood and bringing friends together. Developed in partnership with leading creative agency, DDB Mudra Group, the new McDowell's No1 Soda campaign is built on the insight that millennials are on a journey of self-discovery where their Yaars become their second family and are a constant support system during those coming of age moments in a person's life that shape the person you become. The essence behind 'Yaaron Se Bane Hum' is captured in this beautiful line - 'Jeetun mein toh jashn manati, Haarun toh taaqat ban jaati', which is

CAPE TOWN, South Africa , Jan, 2017 WHEN: 25 January 2017 TIME: 16:00 (14:00 GMT) LOCATION: Online, with complimentary registration PRESENTERS: Naila Govan-Vassen , Senior Industry Analyst, Digital Transformation, Frost & Sullivan Deepti Dhinakaran , Research Analyst, Digital Transformation, Frost & Sullivan   The pay-television (TV), video on demand (VOD), and internet protocol television (IPTV) services market is growing rapidly as significant internet penetration and smartphone adoption in Africa alter the manner in which consumers view content. Growth will be augmented by the availability of cheaper digital terrestrial television (DTT) services, data-saving video consumption options, and attractively packaged triple-play services. Africa's large population and demographics make it a highly attractive market for new and existing participants. "It is critical for market participants to gauge viewership trends, price sensitivity, and technical requirements while off

MUMBAI , January, 2017 MultiFit Launched its Branch in Andheri (W) in the Most Unique way by Hosting a Fitness Party After a widespread success in Pune , Gurgaon, and Jaipur, MultiFit opened its eighth branch in Mumbai , Andheri. MultiFit is one of the few calisthenics based functional fitness gyms, providing its members the right kind of fitness. The state-of-the-art gym offers a wide variety of choices to its patrons; from Calisthenics and Functional fitness to Mixed Martial Arts, Boxing, Jeet Kune Do ( Bruce Lee's fighting style), Gymnastics, Yoga and Endurance training all under the same roof. The gym opened with a 'Fitness Party' to celebrate functional fitness. The presence of Mumbai Collector Deependra Singh Kushwah and Bollywood stars - Shreyas Talpade and Jackky Bhagnani graced the party. The party started with the most exciting circuit workouts spearheaded by MultiFit's finest & ACSM (American College of Sports Medicine) certified trainers. The attendees

AHMEDABAD, India , January , 2017 Financial Results for Nine Months Ended December 31, 2016 The Board of Directors of GRUH Finance Ltd. (GRUH) - a subsidiary of HDFC Ltd. - has approved the accounts for the quarter ended December 31, 2016 at their meeting held in Ahmedabad on January 13, 2017 . FINANCIAL RESULTS Profit after tax for the year amounted to  Rs. 186.20 crores  as compared to Rs. 155.76 crores for the previous year,  an increase of 20% . Loan Portfolio The loan portfolio as at December 31, 2016 amounted to Rs. 12534.01 crores as against Rs. 10519.36 crores in the previous year - an increase of 19%. LENDING OPERATIONS Loan Disbursements Loan disbursements during the period were  Rs. 2870.09 crores  as against Rs. 2773.91 crores in the previous period indicating a growth of  3%. Cumulative loan disbursements as of December 31, 2016 were  Rs. 21941.79 crores . Non-Performing Loans The aggregate NPAs of the company at Rs. 68.17 crore are 0.54% of the Loan Assets, withou

MUMBAI , January  2017 MoneyOnMobile has launched the MOM ATM in selected retail outlets across India to meet the growing demand for digital money and transactions. The MOM ATM allows retail merchants to serve as mini-ATMs. Banked customers can withdraw cash from their bank account at one of the company's participating store locations. This will make storing money in banks accounts more attractive to people across the country because they will be able to get access to their funds at a time and place that is convenient to them. "Demonetization in India has increased demand for cash-out services from consumers, with only 200,000 ATMs in the country, the financial infrastructure is unable to support this demand, creating long lines for frustrated customers. The MOM ATM offers convenient access to cash in locations close to home and work. It will also benefit rural areas of India , given the lower amount of ATMs per citizen in those areas," Ranjeet Oak , President and COO o