businessfortnight

19 th November’19, Hyderabad : The Federation of Automobile Dealers Associations (FADA) today released the Monthly Vehicle Registration Data for the Month of October’19. October-19 Retail Sales Commenting on October’19 performance FADA President, Mr Ashish Harsharaj Kale said, “We thank all our principals for taking stock reduction measures. FADA especially appreciates the actions taken by our 2W OEM’s for delivering on their commitment, of reducing stock with festival retail growth. Although not at FADA recommended levels of 21 days, 2W inventory has reduced from an alarming level. PV inventory already at reasonable levels has further reduced and now almost at the recommended level with all our principals taking strong and positive steps towards stock reduction. CV inventory has also reduced although with retail continuing to be weak, where further wholesale regulation is required to reach FADA’s 21 days recommended levels. Heading into the unknown territory of BS...

Pune, November 19, 2019 –   Smartworks , India’s leading agile workspace provider for large enterprises, today signed a 5.00.000 sq. ft. space lease in an upcoming project, Amar Pristine Eighty- Three ( AP83 ) in Koregaon Park, Pune with Amar Builders, and Pristine Properties.  The facility will be operational by 2021 . With this new facility, Smartworks retains and strengthens its market leadership position in  Pune   and across India. AP83 is the largest deal in terms of space signed by any co-working space provider in India. The facility is strategically located in Koregaon Park, the most prominent and prestigious hub for the eastern commercial market of the city with excellent connectivity from all modes of local transport to the airport, railway station, and the proposed metro station. The project design emphasizes sustainable development as well as technology, with a proposed Green Certification and design implementation of IoT for building management. Th...

Mumbai, November 18 th , 2019 : The annual Jamnalal Bajaj Foundation Awards, scheduled on 2 nd December 2019 felicitates achievers in the fields of humanitarian activities and Gandhian constructive programme. These awards are presented every year in honour of the birth anniversary of Shri Jamnalal Bajaj and to globally propagate his ideals. This year, the function would be graced with the presence of  Chief Guest Sadhguru, Founder, Isha Foundation . The acclaimed winners will be felicitated at a special function which will be presided over by Mr. Rahul Bajaj, Chairman, Board of Trustees  and  Dr. R. A. Mashelkar, FRS, Chairman of the Council of Advisors of the Foundation  at The Royal Opera House, Girgaon ,  Mumbai. This award is presented to honor and motivate the unprecedented contributions of individuals towards the upliftment and development of the society, rural community and the nation, at large Each awardee is presented with a  Citation , a...

Hyderabad, 18 November 2019 : CarDekho, India’s leading full-stack auto-tech company, today announced its H1 results for the financial year 2019-20. The overall revenue of the company achieved a YOY growth of 92% over the first half of last fiscal year. Revenue of the company for H1 2019 stood at $28 million. CarDekho’s unique ecosystem built up helped the company to retain its competitive edge. The key benefit of this ecosystem has been the ability to scale up and synergize different transactional businesses, which serve each other such as Used Cars business, Insurance & warranty business and financial services business. Despite the major slowdown in new auto sales across the country which continued to drop for eleven straight months, the company’s New Auto business segment posted a significant growth of 30%. This came as a result of pre-emptive moves to build relationships with a new car and bike OEMs as well as building consumer behaviour-based content solutions. Company’s majo...

Mumbai, November 18, 2019:  National Stock Exchange of India Ltd (NSE), India’s leading stock exchange today introduced facilitation of subscription in State Development Loans (SDLs) through its e-Gsec platform to enable retail participation through the non-competitive bidding (NCB) route. SDLs are dated securities issued by State Governments through a normal auction similar to the auctions conducted for dated securities issued by the Central Government. The RBI conducts auctions for SDLs on a weekly basis where 10% of the notified amount is allotted for eligible investors under the scheme for non-competitive bidding. The interest on SDL is received at half-yearly intervals and the principal is repaid on the maturity date. Like dated securities issued by the Central Government, SDLs issued by the State Governments also qualify for statutory liquidity requirement of the banks. The NCB facility was introduced by the Reserve Bank of India (RBI) to encourage retail participation in th...

Hyderabad, 17 th  November, 2019 : As part of the  Children’s Eye Care Week , being hosted by the  L V Prasad Eye Institute  (LVPEI), a  Children’s Eye Care Awareness Walk  was flagged of by Pediatric Patient  Gyan Kumar , on Sunday at LV Prasad Eye Institute, Banjara Hills. Also present on the occasion were  Dr Ramesh Kekunnaya , Head, Child Sight Institute;  Dr Uppal Gandhi , Consultant, Child Sight Institute and  Dr Akshay Badakere , Consultant, Child Sight Institute, LVPEI. Pediatric patients, children, doctors and volunteers joined the awareness walk. LV Prasad Eye Institute is hosting  ‘ Children’s Eye Care Week’ with the theme ‘Cataract in Children’, from November 11 to 17, 2019, to sensitize public regarding children’s eye health and the available remedies. Of the 2.2 billion people living with vision impairment or blindness, over one billion cases could have been prevented or are yet to be addressed. These billio...

According to the World Health Organization (WHO), India had 69.2 million people living with diabetes in 2015. By 2030 it is expected to touch 100 million. Known as a silent killer, diabetes is a chronic metabolic disease caused by reduced insulin produced by the body. People with poor control over their blood sugar risk disease or damage to eyes, heart, kidney and other organs. A lesser monitored yet widely prevalent complication of chronic diabetes is nerve damage or neuropathy, which affects the feet. The person does not feel; hence does not notice an injury. The injury does not heal, turning into an ulcer. If untreated, this leads to gangrene, and requires amputation, ranging from toe to entire leg. This creates disability, deteriorates functional independence and further aggravates the diabetic condition. There is a diabetic foot amputation in India every few minutes, as per some estimates. These can be prevented by holistic examination of the feet, diagnosing the condition early,...