Friday, August 23, 2019

TCL Celebrates 3 Years Journey in India with Market Share to 5.3% in Just 6 Months; Plans a volley of Special Offers to Entice Customers

TCL, the global top-2 TV Corporation has completed three glorious years in India. TCL will be celebrating the cheers and over 1 million happy customers with exciting offers between 23rd to 31st August, exclusive to Indian customers from trade partners, Amazon, and national retail chains.

Commenting on the anniversary special, TCL India Country Manager Mr. Mike Chen said, “We have had a successful run in India, growing from a mere 1.7% of market share to 5.3% in just 6 months. Like the industry leaders, TCL has been quick to offer the best products covering a diverse price range, covering both the low price segment and high-end offerings. Having earned a mindshare in the industry with our formidable range of Google-certified Smart TVs, we have now also ventured into other Smart Home Appliances like AC, Washing Machine, and Refrigerator. We owe this success to our loyal fan base who elevated our status from a low-priced Smart TV brand to a technology leader in India’s market for consumer durables.”

Commenting on the future plans of the organisation, he further added, “Riding at the back of inspiring success within 3 years, at TCL, we are aiming for a No. 2 slot for the TV brands in India by 2021. For ACs and Washing Machines, we are focused at claiming the fourth slot by the same time period. With our current factory located in Tirupati, we will not only manufacture TVs but also washing machines and refrigerators. In the long term, we also envision setting up an elaborate R&D centre in India. This has been made possible with the riveting love that we have received from our audience in the country. To the same end, we have come up with anniversary special discounts and offers for our users and are affirmative that they would gracefully accept it as a token of our gratitude.”

As part of the 3 year celebration offer, TCL has come up with very exciting offers on their wide range of 4K Android AI TV. This includes the P8 series coming with 3 variants, i.e. P8S, P8E, and P8. Bringing India’s first 4K AI Android Pie (9.0) TV, the P8 range is available at INR 25,990 (43 size P8), INR 29,990 (50 size P8), and INR 36,990 (55 size P8). In addition, the P8E Series is also available at exciting discounts- 43” P8E at INR 28,990, 50” P8E at INR 31,990, 55” P8E for INR 39,990, and 65” P8E at 59,990. The 43” P8B variant will be up for grabs at only INR 25,990.

TCL started its journey in India in August 2016, with an Amazon launch of TCL TV introducing curved/4K. Within only two months, TCL emerged as the Top 3 TV brand on Amazon. However, that wasn’t enough to tame its ambition and the company ventured into offline channel in 2017. Determined to claim a bigger share of the Indian market through innovation and affordability, TCL introduced the 1st Android UHD TV with Harman Kardon. By the end of 2017, TCL had successfully clocked in over 100% growth; the share of its UHD & Smart TVs was more than other players in the industry. The first half of 2018 witnessed TCL diversifying its offering with the launch of TCL smart Internet TV brand for India iFFALCON, exclusively on Flipkart. By the end of the same year, iFFALCON had not only emerged as one amongst the top 4 brands on Flipkart but also iFFALCON 75H2A grabbed the Best TV Award in 2019. And TCL had also clocked in over 375% growth year-on-year.

As of 2019, TCL has achieved the No. 5 Brand in India’s TV market, growing a well over 1400%. Staying at the helm of innovation, TCL has launched India’s first Android QLED and India’s 1st 2K Android under the iFFALCON banner. The company has also diversified its offering, bringing in a smart range of appliances powered by AI and IoT, including washing machine, refrigerator, air conditioner, and sound bars. Last year, TCL announced that it would be investing 2,000 Cr to set up a manufacturing unit in Tirupati, Andhra Pradesh that will also generate employment opportunities for over 8,000 Indians. TCL has also remained in news this year as the sponsor for Delhi Capitals, during IPL 2019 and also KPL 2019. Recently, the brand also launched India’s first 4K AI Android Pie (9) Smart TV.

Data Protection Bill During the Winter Session of Parliament: Ajiay Sawhney at India IoT Congress 2019

The government is working towards tabling the data protection bill in the winter session of Parliament, Secretary in the Ministry of Electronics and Information Technology Ajay Prakash Sawhney said on Thursday.

Speaking to the media at the IoT India Congress-2019 in Bangalore, he said, "Yes. Keep watching for that space. We are working towards that." he adds that the data protection bill could be tabled in the winter session.

He was speaking to reporters on the sidelines of the two-day event IoT India Congress-2019 here.

Terming it a seminal legislation, Sawhney said the government wants to get the law right because it needs to balance the imperative of data privacy and data protection as laid down by the Supreme Court.

The emphasis is also on creating an ecosystem where innovation gets a boost, he added.

"So, how to, sort of, create a balance? How do we move forward with confidence? Which is why, I mentioned, apart from the legal framework, I alluded to the concept of public digital platform. Public digital platforms play a huge role in creating trust," Sawhney said.

Compared to some huge economies where the digital payment system is controlled by a handful of companies, India preferred the UPI route allowing every company to participate based on the rules of engagement, according to him.

"It's a public digital ecosystem, so anyone can join in. Anyone who thinks can do it better than these giants is free to join in. How do you create an ecosystem which remains open for newcomers, open for innovation? We need to replicate that," Sawhney said.

To a question, he said the government never termed data protection as localisation of data but it preferred the responsible handling of data by adopting best practices adopted everywhere.

In this context, he said the guidelines laid down by the Supreme Court were the guiding force for the government.

"We have a broad guideline coming all the way from Supreme Court, which has considered data privacy as emanating from the fundamental rights in the country. So that is the law. Data privacy is the fundamental right," Sawhney explained. 

Experience High-Quality Connection with PremiumAV VGA to VGA Converter Adapter Cable

PremiumAV, a leading provider of computer peripherals, announced the launch of PremiumAV VGA to VGA converter adapter cable. This cable will help users experience high quality connection with VGA interface to their Laptops, LED and LCD monitors for high quality videos or photos and this is ideal for at home or work places. The cable creates a reliable connection for anything from gaming to video editing or video projection.

 The latest additions of connectivity solutions VGA and HDMI cables, HDMI male to VGA female cables supports HD videos and photos that user can enjoy on the big screen with same image and audio to home speaker a second screen for convenient work and entertainment.

"The PremiumAV VGA to VGA converter adapter cable is good quality product that's very useful for our customers who likes to view videos, photos in bigger screen from their laptops to projector ," said Sanjay Garg, CEO at PremiumAV.

The VGA cable is a universal compatible designed to connect two devices with 15-pin (Input and output) VGA interfaces, cables supports 800x600 (SVGA), 1024x768 (XGA), 1600x1200 (UXGA), 1080p (Full HD), 1920x1200 (WUXGA) resolutions and fully compatible with all blue ray players, Xbox 360 and PS3 etc. This cable is pure cooper wire and length from 3 meters 40 meters, weight 200g, product dimensions 8x6x4 cm, adapter cable model is MST- 779-N and available white color.

Price, Availability and Warranty
PremiumAV VGA to VGA Converter Adapter Cable comes with a price of Rs. 156/ - carrying a warranty of a month and offer price is available immediately on Amazon.

Worldline India's India Digital Payments Report for Q2, 2019

Worldline has over 1 million merchant touch points PAN-India accounting for 30% of the merchant acquiring touch points. We have analyzed transactions processed by us in Q2 2019 (Apr-May-Jun) and derived some unique insights.

“May was the month with the highest number of transactions in Q2 2019. 2nd June 2019, ranked as the day with the highest number of transactions but this should come as no surprise given it was the weekend and Eid-ul-Fitr was just three days away. The days with second and third highest number of transactions were 1st June and 13th April which were near Eid-ul-Fitr (June 5) and Ram Navami-Baisakhi (April 13-14) respectively. The trend of highest number of transactions recorded during festivals continued like previous quarters.”

The merchant categories with the highest volume and value of transactions in Q2 2019 were Grocery, Restaurants, Petrol Stations, Apparel Stores and Speciality Retail which accounted for about 65% volume of transactions and about 40% value of transactions. It is interesting to note that while jewelry stores accounted for only 2% of total volume of transactions, they accounted for 9% of total value of transactions. The top categories remained the same for both credit and debit card transactions.

The states and cities with the highest number of transactions are:

Top 10 states in transactions
Tamil Nadu
Andhra Pradesh
Uttar Pradesh
West Bengal

Top 10 cities in transactions
New Delhi

Key Highlights:

* The number of point of sale (POS) terminals increased to 3.99 million in June 2019 from 3.31 million in June 2018, an increase by a mere 20.5%. This could well be a key impediment in transformation to a cash-lite economy.
* In Q2 2019, the average ticket size on POS terminals for debit card transactions was INR 1,366 and INR 3,423 for credit card transactions.
* UPI has been taking some share away from more traditional modes of digital payments such as cards and net banking. The total volume of UPI transactions in Q2 2019 was 2.2 billion, a 263% increase from Q2 of the previous year. In terms of value, UPI clocked INR 4.4 trillion, up 336% from Q2 of the previous year.
* There are about 837 million debit cards and about 49 million credit cards in circulation. It is interesting to note that between June 2018 and June 2019, there was an addition of about 10 million credit cards and reduction of about 107 million debit cards. While the rise in credit cards may be attributed to growing digital payments and the expansion of retail borrowers in the market, the fall in debit cards could be due to the mass closure of zero balance accounts.
* The Reserve Bank of India has permitted 46 entities to launch their Prepaid Payment Instruments (PPI) for consumers and according to their latest data, the number of transactions done on mobile wallets in Q2 2019 was 1.08 billion, an increase of 18.4% over Q2 of previous year while the value of transactions in Q2 2019 was INR 474 billion, an increase of 17.5% over Q2 of the previous year.
* As of now, NETC amounts for 25% of the total toll collected. It is the perfect solution as it enhances efficiency in processing transactions, tackles the menace of toll evasions done on highways and reduces congestion around toll plazas, fuel consumption and air pollution. NETC transactions in Q2 2019 stood at 80.1 million, a jump of 53.9% over Q2 2018 and the value of transactions was INR 17.9 billion, an increase of 44.4% over Q2 2018. The tag issuance base in Q2 2018 jumped manifold, with an increase of 118%, to 5.22 million tags in Q2 2019. The increase in these numbers show sustained consumer acceptance.
* Aadhaar Enabled Payment System (AePS)- The total volume of AePS transactions (ONUS, OFFUS, DEMO AUTH & eKYC) in Q2 2019 was 584 million, a 31% increase from Q2 of the previous year, while the total value was INR 274 billion, up 107% from Q2 of the previous year.

Mr. Deepak Chandnani, Managing Director, Worldline South Asia & Middle East expressed, “With a number of digital payment options available with consumers to make purchases, the acceptance infrastructure now needs to grow to meet the demand from consumers and merchants alike. Obviously for this to happen, similar to how incentives are being given to merchants and consumers, incentives need to be given to merchant acquiring companies to meet this goal. The merchant acceptance ecosystem is a diverse one with multiple modes such as POS, UPI, BQR among others.”.

NITI Aayog for Steps to Deal with Indian Economic Slowdown

Government think tank Niti Aayog on Thursday made a case for extraordinary steps to deal with the unprecedented stress in the financial sector which has resulted in an economic slowdown in the country.

The government needs to take steps which eliminate apprehension from the minds of private sector players and encourage them to step up investments, Niti Aayog vice-chairman Rajiv Kumar said.

He also said private investments will drive India out of the middle-income trap.

Terming the stress in the financial sector as unprecedented, he said nobody had faced this sort of situation in the last 70 years where the entire financial system was under threat.

“Nobody is trusting anybody else... within the private sector nobody is ready to lend, everyone is sitting on may have to take steps which are extraordinary,” he said at an event here.

Elaborating further, Kumar said some of the steps have already been announced in the Union Budget to address stress in the financial sector and give a push to economic growth which hit a 5-year low of 6.8 per cent in 2018-19.

Explaining how stress in the financial sector has led to a slowdown in the economy, the Niti Aayog vice-chairman said the entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014.

Kannada Cine Actress Hari Priya Inaugurates Asia Wedding Fair 2019

Asia Jewels Fair ’2019, one of South India’s most Glamorous  & Niche Jewelry Exhibition is hosting its 16th edition in Bengaluru city from August 23-25, 2019. The Jewelry Fair will take place at The Ritz-Carlton, Bengaluru Hotel situated opposite Cash Pharmacy on Residency Road. - the most luxurious 5 star hotel in Bengaluru from 10.30 a.m. to 8 p.m. The Grand Inauguration of the exhibition was  done by famous Cine  Actress Ms Haripriya  at 12 noon on August 23, 19. This show is a very exclusive one as for the first time the expo will showcase never seen before best jewelry designs from top handpicked jewelers from across India, all under one roof.

Asia Jewels Fair ‘19 is a niche event exhibiting exclusive and high-end branded gold and diamond Jewellery among others. The event showcased some of the latest collection from, Fine gold Jewelry, Diamond Jewelry, Platinum Jewelry, Traditional Jewelry, Wedding Jewelry, Precious stone Jewelry, Kundan, Jadau & Polki Jewelry to name a few.

“Asia Jewels Fair “ is one of the finest jewelry exhibitions in the city. Shop for or Pre book your jewelry for the upcoming festivals & for all the prospective grooms and brides, a fair like this is a one stop-shop that brings some of the best jewelry, design and precious stones under one roof. It is the perfect destination to buy exquisite and world class jewelry in South India.”

On display is Luxury jewelry designs from top leading brands of Bangalore, New Delhi, Mumbai, Jaipur, Surat & Hyderabad creating the most glamorous & spectacular platform for all branded jewelry. Adding to the exquisite display was a dazzling array of International jewelry designs, from Best handpicked  Jewellery Designers & Brands from all over India like:

Shobha Asars  - Bangalore / Mumbai, Golden Jewells By Anand Shah – Surat, Aabushan – Bangalore,  P.C.Chandra Jewellers, Creations Jewellery – Bangalore, Sri Ganesh Diamonds & Jewellery –Bangalore,  Nikhaar Jewels – Bangalore Ananya Jewels –Bangalore

Kalasha Jewels, Diamond Mantra – Bangalore, Reyna Gems & Jewels – Mumbai, Gold Karat –Delhi, Seghal Jewellers – Delhi, Ziva Jewellery – Mumbai,   Neha Creations  - Mumbai, Vitrag Jewels – Bangalore,   Kimayas Collection – Delhi,  Diyaash Jewels (By Dolly Gurbani)- Hyderabad

Abira Jewellery –Bangalore / Kolkata, Renuka Fine Jewellery – Mumbai, ModiGold –Delhi,   SSR Jewellers – Bangalore,   Zurie Jewels -Mumbai

The Exhibition is brought to you by Introduction Trade Shows Pvt Ltd. This the 16th successful edition.

Thursday, August 22, 2019

STPI Anounces Opening 28 Centres of Excellence in Emerging Tech at an Investment of Rs 400 Crore

Software Technology Parks of India (STPI), is in the process of opening 28 Centres of Excellence (CoE) in emerging technologies at an investment of more than Rs. 400 crore, said Dr. E.V.  Ramana Reddy, additional chief secretary, Department of IT, Bt and S&T, Government of Karnataka, delivering the keynote address at the CII India Innovation Summit 2019 being held the The Taj Westend in Bengaluru. "He said five centres of excellence are currently operational and in two years, all 28 CoEs will be operational. Emerging technologies such as AI, IoT, Medical Electronics, IoT in Agriculture, Automotive Electronics will be the focus of the CoEs.

STPI is a society established in 1991 by the Indian Ministry of Electronics and Information Technology with the objective of encouraging, promoting and boosting the export of software from India.

Bengaluru has been widely cited as one of the fastest growing technology hubs and startup capitals in the world. Bengaluru is ranked 11th Best Global Startup Ecosystem, as per the Startup Blink Startup Eco-system Rankings Report 2019, moving up from rank 21 in the year 2017. Our Department is in the process of drafting a new policy on innovation and technology with the view to address the new age challenges in regulation for innovation. We are considering innovative concepts such as regulatory sandboxes to ensure adequate legal framework for innovation is available. Our aim is to make the state a leading promoter for all emerging technologies by strengthening existing technology Centres of Excellence in areas such as Cyber Security, Data Analytics, IoT, Artificial Intelligence.”

Kris Gopalakrishnan, Past President, CII & Chairman, India Innovation Summit, said that the march of technology is continuous and the world has made great strides in quantum technology and artificial Intelligence. New business models are continuously emerging, and it is imperative to stay up-to-date in order to be relevant. With industry boundaries blurring, policy makers need to ensure that regulations keep up with innovation. Sandbox models may be needed to test innovation, and business models to ensure the desired outcome is achieved. India Innovation Summit is a platform to deliberate, debate and learn. Citing the current distress in the auto industry, he said it is encouraging that the government is promoting greener technologies. However, in order to successfully implement new policies, we need to adopt a holistic approach that looks at the entire ecosystem right from raw materials to finished products.

Rekha M. Menon, chairman & senior managing director, Accenture said that in India, innovation will be the main pivot for India to be a USD 5 Trillion economy. Innovation will be the cornerstone and there is no other choice. We need to be mindful that in achieving our target of a $5 trillion economy, innovation for socio-economic growth is not overlooked. In order for India to move up the global innovation index, we need to ensure that innovation is a process, a collaborative approach that involves government, academia, research and startups.

Startups are the key in the innovation ecosystem. India now is the third largest hub for technology startups which is a positive sign. The other area to focus on is investment in R&D. India ranks 50th in R&D investment and this number must go up with participation of government, academia and private sector, she added.

Nicole Girard, Consul General, Consulate General of Canada, said that India is Canada’s fastest growing trade partner and people-to-people ties continue to grow in double digits. Canada has a strong innovation partnership with India and there is a strong opportunity to explore. Both countries have phenomenal tech talent and for deeper India-Canada relations, Canada has launched an Innovation Super Cluster Initiative to propel economic growth. She enumerated five super clusters i.e. digital technology, protein industries, advance manufacturing, ocean tech and AI that will be key focus areas for Canada.

Total Pageviews