Saturday, November 12, 2016

Capital First Raises Rs 340 Cr Funds from Affiliate of GIC, Singapore

Capital First announced that it is raising fresh equity capital of Rs 340 crores on a preferential basis at Rs 712.70 per share (face value of Rs. 10.00 and premium of Rs. 702.70 per share) subject to approval of Shareholders. The company will allot 47,80,000 shares to Caladium Investment Private Limited, an affiliate of GIC, Singapore’s sovereign wealth fund.

Post this transaction, the total capital (including Tier 1 and Tier 2 capital) of the company will increase to Rs. 3,263 Crores on a consolidated basis and the Capital Adequacy will increase to 21.6%.

For the recently concluded quarterly results, Capital First Limited reported a Profit after Tax of Rs. 57.6 Crores for Q2FY 17, an increase of 40% from Rs 41.0 Crores in Q2FY 16, which is the highest ever quarterly profit in the history of the company.

The Company’s AUM grew 32% to Rs. 17,937 Crores as on September 30th, 2016 on a year on year basis, with its retail loan portfolio contributing to 90.1% of its overall AUM as of September 30th, 2016. The Gross NPA and Net NPA of the company stood at 0.98% and 0.45% respectively as on September 30th, 2016 on 120 DPD NPA recognition basis.

V Vaidyanathan, Founder and Chairman, Capital First said “We are delighted to receive a firm proposal from Caladium to become a new Shareholder of the company, who will provide growth capital to the Company, and we wholeheartedly welcome them. This reaffirms the strong institution built at Capital First over the years in the Indian Financial Services space. Post this transaction the Capital Adequacy Ratio will increase from 19.1% to 21.6%, which will help the Company to continue its future growth plans on a strong capital base.”

Accenture Among Top 10 Companies for Women Employees in India

Accenture has been recognized in the Top 10 of the 100 Best Companies for Women in India list, which celebrates organizations that champion sustainable careers for women. The inaugural list was published by Working Mother and AVTAR.
 
Accenture was recognized for providing an inclusive and supportive environment for its more than 45,000 women in India. It scored highly on several of the list’s categories, including women’s recruitment, retention and advancement, safety and security, flexible work programs and paid-time off. The company was also recognized for its leading maternity benefits and support for returning moms.

“Creating an inclusive environment that enables women to achieve both their personal and professional ambitions, reflects Accenture’s core values and culture,” said Rekha M. Menon, chairman and managing director, Accenture in India. “We’re pushing barriers to make our company more inclusive, and we’re honored to have our efforts recognized by Working Mother and AVTAR. We remain committed to ensuring that our women feel empowered to drive their own success.”
 
Accenture leads several initiatives in India that enable its female employees to be successful, both personally and professionally. For example, the company:
 
 Offers leadership development programs for its high-potential women, helping them hone the key skills needed to advance and foster relationships with senior leaders;
·  Helps women build and extend their professional networks – both in and outside of Accenture – with Vaahini, its networking forum for women;
·  Offers career-track focused initiatives specifically for women, including one that helps them advance their tech skills and become technical architects; and
·  Provides access to a variety of flexible work programs; the company helps new mothers in their transition back to work by identifying ideal re-entry roles and providing various women’s leadership development programs to support their long-term success.

In Accenture’s 2016 fiscal year, more than one-third of Accenture’s new hires in India were women. The company recently announced that it surpassed its goal to reach 40 percent female new hires worldwide by 2017. Currently, there are more than 145,000 women globally at Accenture.

One Year Old T-Hub Puts Hyderabad on the Start-Up World Map

T-hub, India’s fastest growing start-up engine celebrated its first anniversary announcing strategic initiatives which puts  Hyderabad on the start- up world map. 

The anniversary celebration was inaugurated by Telangana IT Minister KT. Rama Rao amid senior Industry leaders and government officials.  Among those present, included T-Hub Board of Directors, Jayesh Ranjan, IT Secretary, Telangana State, B.V.R. Mohan Reddy, Executive Chairman, Cyient and Srini Raju, Managing Director and Founder of Peepul Capital. 

The event was marked open by the lighting of the ceremonial lamp by Shri K.T. Rama Rao, Board of directors, Srinivas Kollipara, Founder and COO, T-Hub and Jay Krishnan, CEO, T-Hub.

Commenting on the celebrations  KT. Rama Rao, Minister for IT, Govt. of Telangana, India, said, “When we started T-Hub a year back there were many questions about how we will create a mark in the startup world. But looking at what we have achieved, makes me proud. Today the world wants to talk to Hyderabad, and know how we can bring in more investments. Through T-Bridge we will access and bring the best to you to grow and make the city one of the top startup cities in the world.”

Speaking on the occasion, Jay Krishnan, CEO, T-Hub said, “Innovation is the core of what we do. Through the year we have strived each day to build a strong structure that fuels a culture of innovation through capacity building and mentorship. This has enabled us to catalyse deal flow and take Hyderabad on the world map in the start-up ecosystem. Some of the products and services we launched through the year, T-Bridge, Sandbox, Playbooks have truly set us apart. We have brought structure to the madness which investors and corporates are recognising. We are an evolving organization and will constantly keep learning and changing as we go along only to ensure we bring the best to Hyderabad and fulfil our vision to make this city one of the top 10 startup cities in the world.”

Speaking on the occasion Srinivas Kollipara, Founder and COO of T-Hub said, “On this occasion of one year, we would like to thank the support and confidence we have received from our board members.  We are the only ecosystem in the country which is run by professionals. We would like to thank the government for giving us this opportunity and free hand to create a startup world in Hyderabad that is uniquely structured and build to allow for progress and innovation with strong support with policy initiatives and access to the world at large. Today the world wants to talk to us only because we have a structured ecosystem backed by technology with innovation at its core. With this support and interest the sky is the limit.”
The inauguration witnessed MoU signings with several Strategic Partners, Corporate Partners and announcement of Partnership Programs

The Strategic partnerships include:

1.         PwC Innovation Hub Partnership
PwC, one of the leading consulting firms in the world has partnered with T-Hub to create an Innovation Hub within the Catalyst building.  
This strategic partnership is aligned with PwC's Innovation Program to support and mentor startups. The Innovation Hub will give startups access to PwC clients across 157 countries and open floodgates for new opportunities.  
We at T-Hub welcomes this opportunity through which our startups, PwC & its ecosystem of global clients can exchange the role of being an accelerator for collective growth.        

2.         Carnegie’s Policy Hub within T- Hub 
Carnegie Endowment for International Peace, India, a public policy think-tank has partnered with T-Hub to create a ‘Policy Incubator’ within Catalyst. 
a. The objective of this one-of-a-kind ‘Policy Incubator’ is to help startups guide through the regulatory and policy implications of innovation. 
b. Operationalise a tracking system to record exciting innovation within T-Hub and create awareness around the same in collaboration with T-Hub.

The Corporate Partnerships include:

3.         DBS Asia Hub-2 partners with T-Hub to create an ‘Innovation Hub’ for Fintech startups  
DBS Asia Hub-2 & T-Hub today entered into a strategic partnership to reimagine banking and drive innovation in fintech space. This partnership would leverage a network of fintech start-ups to make banking simpler, seamless and joyful for customers. Further to its quest to lead digital transformation, DAH2 aims at driving innovation and agility in banking through this partnership.

Programs announcement include: 

4.         Agri-Tech Accelerator announcement with ICRISAT, RVP & T-Hub
T-Hub’s AgriTech Accelerator Program is a startup focused initiative created in partnership with ICRISAT (International Crops Research Institute for the Semi-Arid-Tropics) and powered by RViP (Riverbridge Ventures Innovation Platform). It is a unique three-month accelerator program, which enables AgriTech start-ups to move game-changing products to market and scale their existing businesses, providing Market, Business Scale, Global Exposure, Funding Support, Expert Advice, Corporate Partnerships, Government Connects, and more game changing opportunities.

5. CL Educate- Innovation Partnership for student innovation
T-Hub and CL Educate entered into an MoU to make innovation accessible to millions of youngsters in schools, colleges and jobs. Awareness, research, Technology-platform, curriculum, access to mentors and funds, are some of the benefits that will reach young entrepreneurship aspirants through this collaborative partnership. 

T-Hub and CL Educate also hope to bring in innovation driven corporations to support and benefit from this program.

Zone Unveils ‘Gateway 91’ to Help International Startups Grow in India

Zone Startups, a joint venture between Ryerson Future, Toronto, and the BSE Institute, has launched, “Gateway 91”, a soft landing program to work with international startups and growth stage companies looking to access the Indian market.
Gateway 91 is the fourth new program announced by Zone Startups in 2016, including empoWer, Rise Accelerator with Barclays and Thought Factory Accelerator with Axis Bank that will offer end-to-end services for international technology companies looking to set up their first office in India.

Canada’s Minister of Innovation, Science and Economic Development, Navdeep Bains also used the platform to announce a partnership between the governments of Canada and Ontario to fund five Canadian financial technology startups to participate in the new program to help Canadian innovators seize the many opportunities provided by the Indian market.
“Through programs like Gateway 91, Zone Startups will continue to assist early stage enterprise software companies as they look to scale in the Indian market. Our extensive connections and programming continue to attract great founders developing innovative solutions. We’re proud to partner with both the Federal and Ontario governments to give Canadian FinTech startups the opportunity to benefit from our leading services to grow and thrive in India,” said Matt Saunders, President of Zone Startups.
Zone Startups India will help companies make the daunting transition to a new market by providing support including workspace within a community of like-minded entrepreneurs, local industry expert mentors, professional and administrative services for business establishment, corporate connections for customer development and; networking opportunities with potential investors
The first set of companies expected to be a part of Gateway 91 will be selected through a competitive program in Canada and will be announced in early 2017.
“Setting up Gateway 91 was a natural extension of what we have been doing at Zone Startups India,” said Ajay Ramasubramaniam, Director, Zone Startups India.
“The ecosystem of mentors, potential partners and professional service providers needed by international startups to succeed in India is something that we have already built. In fact, over the last year, we have supported 16 companies from different areas, helping them with introductions to several potential partners and clients. To a great extent, this also aligns with Government of India’s Invest in India and Make in India vision as these international technology companies will create knowledge economy job opportunities” he further added.

Over 100 To Be Layed Off at eBay India from Its Bangalore Tech Team

It appears that the Trump effect is already working. eBay is laying off nearly 100 odd employees from its product and technology team in Bangalore and shifting work to other global centres.

“As a normal course of business, eBay regularly reviews its operational structure and today we announced some changes to our global product and technology team. As a result, we are reducing our overall technology workforce in Bangalore and shifting work to other global centers around the world,” an eBay spokesperson confirmed to Economic Times.
The layoffs, which were first reported by Tech in Asia, are part of a global reorganization of the tech and product teams, the company says.

“The development centre in Bangalore has two teams, the analytics team and the product and tech team,” the spokesperson added. “The reductions affects the product team, the analytics team is fully intact.”
Without disclosing the exact number of people to be impacted by the decision, the spokesperson said that Bangalore centre will now focus on eBay India – dedicated product and development work. “We remain committed to India and will continue to invest in core product and technology development for eBay India.”
Last year, eBay had cut around 350 jobs across its Bangalore and Chennai development centers, as per several media reports. Employees across eBay Marketplaces and PayPal business were reportedly impacted in those layoffs.

Agencies

TSSC, TiE and IESA Signs MoU for IoT Skill Development Centre


At IoTNext 2016, India Electronics and Semiconductor Association (IESA) with The Indus Entrepreneurs (TiE), Bangalore and Telecom Sector Skill Council (TSSC) announced a MoU for opening a Center of Excellence (CoE) in Bangalore.
With the growth of IoT in every industry, there is an urgent need to train technicians to deploy, manage and maintain the IoT edge Nodes & Gateways. The main objective of the COE is to prepare the current workforce to be industry-ready in the coming years.
The collaboration between TSSC, IESA and TiE, the CoE will help in providing a platform to skill, develop and train blue collared workers in the field of IoT. It will empower the group to focus on gaining competency using some of the best practices and help in creating job opportunities for them as the industry shifts towards automation.
Naganand Doraswamy, president, TiE Bangalore stressed about the need for such initiatives. He said, “Both TiE and IESA are proud to present the second edition of IoTNext. 
As the industry shifts towards automation, it will help empower the group to focus on gaining competency using some of the best practices and also help create job opportunities. The growth of IoT in every industry has led to the need to train technicians in order to deploy, manage and maintain the IoT edge Nodes and Gateways. 
At the summit, TiE-IESA has also launched a unique IoT Startup directory, a compilation of IoT startups across the nation. It will be an online repository with detailed information on the startups and the products they offer. TiE- IESA has also teamed up with HAX Accelerator to support Indian startups.

Thursday, November 10, 2016

New Volvo Coach Range 9400 Unveiled at Busworld 2016, Bengaluru


Swedish coach maker Volvo has unveiled new 9400 range of buses at the Busworld 2016 show that started on November 10, 2016 at the International Exhibition Centre, Bangalore.
The new range of buses include range topping 9400, 14.5-metre long coach powered by new 11-litre engine and 9400, 12-metre long, 7.7-litre engine equipped coach that will replace the popular B7R model.
The 12-metre long 9400 coach gets 7.7-litre engine sourced from the VECV's Pithampur facility. Volvo in association with Eicher started local manufacturing of this engine in line with Make in India initiative of government of India. The new engine replaces 6-cylinder 7-litre engine. BS IV compliant new engine will develop 333bhp and 1,200Nm of torque mated to a 6-speed manual gearbox.
On the other hand, the 9400 multi-axle features 11-litre engine in place of 9-litre engine. The 6-cylinder unit develops 410bhp of power at 1600-1900rpm and whopping 1980Nm of torque at 950-1400rpm mated to I-Shift 12-speed AMT transmission. The bus measures 14.5-metre long (up from 13.8-metre), 3.6-metre in height and 2.6-metre in width. It also has 8.35-metre wheelbase and 19,500kg gross vehicle weight. This coach has been showcased in 2+1 seating layout with dedicated USB charging points at the show. It comes with three-point seatbelt for each seat similar to cars. The coach also comes with optional chemical toilet, and pantry with fridge.
"Volvo Buses has always positioned itself to provide products that deliver the right value to our customers. The engine range is a good example of India's role in Volvo Group's global plans. The way forward for us is to offer in India the latest solutions that can provide the finest ownership experience," said Haken Agnevall, president of Volvo Bus Corporation.
The new range of buses will be manufactured at the plant near Hoskote, Bengaluru. Volvo has sold more than 6000 buses in India from 2001 in which 1,500 Volvo city buses currently operate in 34 cities. The company recently launched 8400 hybrid city bus in Navi Mumbai and it has a parallel hybrid system, which comprises a 5-litre, 4-cylinder, in-line diesel engine and an electric motor.

Digitization of the Indian Legal System the Urgent Need of the Hour

LegalDesk.com, in collaboration with iSPIRT Foundation, conducted a conference on “Digitization of the Indian Legal System”. The event which was held at KSCA Auditorium, discussed the need for digitization and newer concepts such as eNotary. As seen with Aadhaar, digitization brings about simplification of legal formalities, cost-effective and convenient methods to get legal work done.

During the event, LegalDesk.com unveiled a new technology that enables notarization of documents electronically. The proposed eNotary solution will verify a person’s identity by utilizing a combination of Aadhaar based authentication and uses video/audio recorded interview. With the eNotary system attestation, authentication and verification of legal instruments can be done remotely.

The present legal system in India is marred by pendency and it hasn’t evolved from traditional methods as we are highly dependent on paperwork rather than opting for a more digital approach where the entire legal space gets digitized. Digitization of the legal space therefore becomes the need of the hour.

Speaking on this occasion Mr. Prabhuling K Navadgi, Additional Solicitor General of India,
said “This is a phenomenal initiative and a great way to examine the digitization of legal system in India. The concept of eNotary is very appealing and the concept can be further extended to digitize court records, property and document registration procedure in the country and can be considered keeping in mind the preventive measures against misuse”

Sr. Advocate of the Supreme Court of India, Sajan Poovayya was quoted as saying “With e-government initiatives continuing to transform the nature of our interactions, an enquiry into the probable role of technology in aiding a well-functioning judicial system, as is necessary to keep up with the demands of modern democratic society, is definitely well-advised and well-timed. The cascading effect, which would result from a sincere adoption of information technology, including digitization of records, electronic authentication and the use of electronic media, will most certainly go a long way in ensuring access to a more transparent and accountable justice system."

Ashok Kadsur, Co-Founder of LegalDesk.com said “We are aiming at bringing about a significant change to the Indian Legal System by simplifying Legal with Technology. Onceapproved by the Government, the eNotary initiative will be one of its kind as it would help the masses get notarization done in abstensia without them having to run from pillar to post.”

While the current system is functional, it lacks convenience and order at times and that there is need to pave the way for technology to take over traditional methods throughout the country and not limit it to few cities alone.

In the conference held by LegalDesk.com in collaboration with iSpirt, such issues were addressed and effective mechanisms to eliminate impediments in the way of digitizing the legal space was debated upon.

Several prominent personalities were in attendance to speak on the selected topic. The key speakers of the day were -
     Hon’ble Shri. T. B. Jayachandra , Cabinet Minister for Law, Parliamentary Affairs, Higher Education and Tumkur District In-Charge.
     Shri. Prabhuling K Navadgi, Additional Solicitor General of India.
     Shri. Sajan Poovayya, Sr. Advocate of Supreme Court of India.
     Shri. Kishore Mandyam, Co-Founder, DAKSH Society of India.
     Shri. Sanjay Khan Nagra, Policy Expert, iSPIRT Foundation.

Banking, Retail & Healthcare Biggest Adopters of Startup Tech in India


A big push towards digital transformation amongst enterprises is leading to increasing adoption of startup technologies. Banking, Retail, and Healthcare are the top adopters based on their growth potential, willingness to adopt startup solutions, and availability of such complex solutions locally. These are some of the highlights in the Ecosystem Report on Enterprise Ready Startups 2016 released by Microsoft Accelerator. The report is focused on those startups that are serving large and small enterprises through deep and complex technological solutions.

Key highlights from the Report:
The report was unveiled along with a periodic table which showcases the top 151 enterprise ready startups in India and the 10 sectors that have demonstrated momentous growth. Ravi Narayan (Global Director, Microsoft Accelerator), unveiled the report along with Jayanta Dey (Vice President & CTO Manufacturing and Technology SBU at Wipro), Peter Gartenberg, (General Manager, Enterprise and Partner Group, Microsoft Corporation India), Ben Mathias (Managing Director & India Head at Vertex Ventures) and Vinod Muthukrishnan (CEO, CloudCherry), at Microsoft Accelerator in Bangalore today. The report is available to download on aka.ms/entreadyindia.

“We are very happy to note that Indian enterprises are looking at startups for innovative solutions and expertise for their Digital Transformation in India. This Ecosystem Report provides insights into how this enterprise-startup partnership has evolved in last few years, underlining the value of collaboration and building the startup ecosystem.” says Ravi Narayan, Global Director, Microsoft Accelerator.

This report focuses on B2B and B2B2C business models, taking market traction and external funding as indicators of growth. Key findings of the report are:
1)    50% of the Enterprise Ready startups are in the Healthcare, Retail and Banking sectors. Driven by optimization, these three sectors have emerged as the biggest adopters of the enterprise technology solutions. Banking and Healthcare have proven to be the most receptive to startup solutions. With the rise of digitization across sectors, deep technology companies play a pivotal role in empowering these corporates to build innovative ways to engage with customers and address complex business requirements. With the help technology banks manage to increase customer traction and achieve customer satisfaction while companies in the healthcare space are expanding physical reach and affordability through machine learning and data sciences.

2)    Data Sciences and Security startups find it easiest to find customers
This is driven by the broad base of customers and sectors that these startups can address natively. Disruption of technology has helped these businesses to build deep expertise and position them uniquely vis-à-vis other companies in multiple sectors and domains.

3)    Startups catering to Banking sector find it easiest to raise funds
The startups catering to Banking sector are at the forefront of the digital transformation of India. India already has a billion mobile phone users, as well as a billion citizens with active bank accounts that are linked to their digital identities by way of Aadhaar. The tremendous scope of opportunity these startups can leverage is one of the key reasons these startups are successful in attracting funding.

To compile a comprehensive & accurate study, the exercise was restricted to a pool of over 500 enterprise focused startups that were founded post 2000 and are headquartered in India. The report lists the startups based on their Enterprise Readiness Score, which is measured based on three parameters – customer traction, funding velocity of a startup (Total Funds Raised / No. of Rounds of funding) and size of the company.

Post PM’s Announcement, Paytm Sees Over 435% Increase in Traffic


India’s largest mobile payment and commerce platform, Paytm is registering massive growth across India within hours of the Honorable Prime Minister Narendra Modi announcing his plans to have a corruption-free India. The Paytm platform saw an overwhelming 435% increase in overall traffic as millions of consumers across India have taken to using their Paytm Wallets to transact offline.

Within hours of the Prime Minister’s announcement, the company has registered a 200% hike in number of app downloads and 250% surge in number of overall transactions and transaction value. The number of Saved Cards also grew by 30%, pointing at a strong set of repeat customers the platform has now acquired. The company has noted 1000% growth in money added to the wallet and 400% growth in transaction value of offline payments. This is a great showcase of how fast consumers across the country are taking to the ease, convenience and safety Paytm’s cashless payments offer. 

Madhur Deora, CFO – Paytm said, “This is the biggest and most ambitious step ever to crack down on black money and fake currency. We stand by the government in its efforts towards taking black money out of the equation and offering a major boost to the Indian economy. Since Paytm is fast becoming synonymous to all kinds of payments, we are happy to announce we have registered a strong surge in volume on our platform.”

Paytm’s cashless payments are widely accepted across India owing to the ease, convenience and safety they offer. Brick-and-mortar merchants and other Online-to-Offline sectors present a huge opportunity for Paytm to integrate its fast, secure and convenient payment solution. With the country’s overwhelming response to Paytm, it is setting bolder targets to achieve its goal of helping India’s transition into a cashless economy.

Paytm users can pay virtually anyone who has a smartphone just by scanning their QR code or entering their mobile number in the Paytm app. Paytm Cash can be used to pay for local taxi/autos fares, paying at petrol pumps, grocery outlets, restaurants and coffee shops, multiplexes, local tea/vegetable vendors or other service providers who prefer Paytm because of its seamless payment solutions. The platform also allows users to do online recharges and bill payments, book movie tickets, do travel bookings and shop for products online among others. The safety and convenience of the process has triggered mass adoption across various categories, and has seen thousands of new users joining the Paytm cashless ecosystem within hours.

Paytm is charting the next chapter in the evolution of the country’s app ecosystem with the Paytm Super app. Being the segment leader in mobile payments and commerce, Paytm has been ramping up its customer and acquisition efforts as they realize the benefits of the strong positive network effect and its diverse use-cases. The company is already dominating the country’s offline commerce with its seamless online-to-offline (O2O) payment solutions with an aim of building the country’s largest offline payment network.

KSTPA & Tally Solutions to Simplify GST for STPs in Karnataka

Karnataka Sales Tax Practitioners Association (KSTPA) has announced the signing of a Memorandum of Understanding (MoU) with Tally Solutions Pvt. Ltd., the premier Indian software product company to educate STPs across Karnataka on GST compliance.

KSTPA will conduct GST education camps for all its members taking them through the nuances of GST and the impact it will have on their business while Tally Solutions will enable them with the knowledge on how technology and its adoption can help STPs comply seamlessly in the GST era. These GST education camps are stated to commence from early November and aim to address the entire STP community in Karnataka within the next 60 days. 

On the occasion of the MoU signing, Sathya Pramod, CFO, Tally Solutions, said, “The dawn of the GST era would mean that millions of businesses would need to be educated and updated with technological tools to be tax compliant. The STP community will play a major role in this regard. KSTPA’s initiative to on-board all its members with GST information is commendable and being in the technology space since the last 30 years, we see it as our duty to help all our stakeholders be GST ready, in every way we can.”

S Prakash, General Secretary, KSTPA, who was also present at the event said “With GST we are headed towards a new environment of compliance verification and accounting that is entirely computerised with minimum human intervention. In this regard, it is crucial that our members understand this technology based law in time and are fully prepared to embrace it. We are happy to collaborate with Tally in this and hope they will extend full support in imparting GST related know-how, much like what they did when VAT was introduced in the country.”

NVIDIA Brings Best Indian Minds in Deep Learning on Dec 6, 2016

NVIDIA, the pioneer of GPU-accelerated computing, is hosting the first Indian edition of the GPU Technology Conference, the world’s biggest and most important conference for GPU developers. GTCx India will bring together the country’s luminaries in deep learning, high performance computing, artificial intelligence and visual computing from across industry, startups and academia.

From self-driving cars to robotics and AI, the single-day agenda at GTCx India will cover the technologies and concepts that are changing how humans engage with the virtual worlds. This includes professional visualization, virtual reality, deep learning, and high performance computing. A curated selection of presenters will showcase their applications in each of these areas through papers and posters. The NVIDIA Deep Learning Institute will provide hands-on tutorials and training on the subject, offering the only opportunity in India to learn the concept from global experts. The VR village will provide a real life experience the virtual world.

“India has reached an inflexion point where large industries, startups and researchers are realizing the power of parallel programming to accelerate change. For the first time the intent, resources, minds and technology are all available to transform the nation. We want to enable this ecosystem with the tools, support, learning and collaboration needed to capture impending technology waves that are revolutionizing not only technology, but every human endeavor over the next two decades,” said Vishal Dhupar, Managing Director, South Asia, NVIDIA.

The GTCx India program would also feature a variety of keynotes, speakers and hands-on labs across a range of topics. Two eminent personalities would grace the event as keynote speakers. They are:
·  Padma Bhushan Dr. Vijay Bhatkar, internationally acknowledged scientist and a well-respected Indian IT leader
A Padma Shri and Padma Bhushan awardee, Dr. Bhatkar is best known as the architect of India's first supercomputer. He is also the Founder and Executive Director of India's national initiative in supercomputing, C-DAC.
.    Dr. Steven Parker, Vice President, Professional Graphics at NVIDIA
Dr. Parker leads the Professional Graphics division at NVIDIA. Combining a history of ray tracing, rendering and high-performance computing, he has been focused on bringing physically-based rendering systems to interactive applications.

GTCx India will be held on December 6, 2016, at the Renaissance Hotel Convention Centre, Mumbai and will see over 1,000 delegates from industry, academia, scientists, government and startups. Registration is free of cost and can be made at http://www.gputechconf.in/

Mega IT Event BengaluruITEBIZ in City from November 28-30, 2016

Karnataka’s Flagship event on IT and Electronics is set to take off from November 28 to 30, 2016 at Bengaluru Palace Grounds. The event is organized by the Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka, in association with Software Technology Parks of India (STPI), Bengaluru.

Bengaluru leads the country in IT exports and has emerged as the second largest technology hub in the world. Several companies including MNCs deliver cutting-edge products and services with thrust on new disruptive technological innovations. Bengaluru is a leading innovation hub which is home to over 4000 active tech Startups. It is the only Indian city to be ranked within the best 20 Startup eco-systems across the World. 

STPI has been playing vital role in supporting the IT, ITES and ESDM industry not only in policy implementation & monitoring but also in providing various Technology & Communication services which includes internet, datacenter, hosting, technology consultation, IT security audit, support for e-Governance etc.

Keeping in view the fact that technological innovations happen in Bengaluru, the theme of Bengaluru ITE.biz 2016 event is ‘Define the Next’. The event will focus on Artificial Intelligence, IoT, Robotics, Big Data, Virtual Reality (VR) & Augmented Reality (AR), Electronics System Design, Animation, Visual Effects and Gaming, Apps Development, Startups, Entrepreneurship Development etc. 

The event spectrum would include keynote talks, powerful conference sessions, B2B Tradeshows, Experience Zone, CEO Conclave, Awards Function, Start-up Karnataka YESSS. It would be a unique blend of over 1800 registered delegates profiling C-level Executives, thought leaders, policy makers, technology experts, young innovators and investors. 

The 3-day event has the support of leading IT and Electronics Associations, such as NASSCOM, IESA, TiE, ABAI, Data Security Council of India (DSCI) etc. Countries such as UK, Germany, Netherlands, Korea and Japan are participating in various sessions of the event. Day-1 of the event is focused on Technology Leadership, Day-2 on the Emerging and Futuristic Technologies and Day-3 on Startups. Awards to top ICT exporting companies, best employers, best emerging companies etc, will also be given during the event. STPI will be conducting the prestigious IT export awards event on Nov 29, 2016 to recognise the performance of the IT, ITES and EHTP companies under 10 Major Awards Category with 24 sub-categories.

An additional feature of this years’ ITE.biz is the co-location of Creativity World Forum-2016 with the theme, “Cities in Transition.” World Creativity forum, is an annual conference organized by the District of Creativity (DC) Network, founded in 2004 with 13 of the most creative and innovative regions around the world as its members and is being hosted in Bengaluru this year. The forum’s objective is to propagate concepts of creativity and innovation and foster sharing of knowledge and best practices.

At the Curtain Raiser of the 19th edition of the event, UK Minister for International Trade, Rt Hon Greg Hands and Priyank Kharge, Karnataka Minister for IT, BT and Tourism, were present and spoke about collaborating in the field of technology innovation and promotion of entrepreneurship, especially in emerging and futuristic technologies. Rt Hon Greg Handsstated that as a first step towards a more lasting partnership, UK intends to sign a MoU to mutually support and strengthen the innovation ecosystems in Karnataka and the UK, targeting Startups and SMEs.

Priyank Kharge, Minister for IT, BT and Tourism highlighted the role of connected devices in the emerging digital economy having potential to transform the economy, business landscape, governance and society. The BengaluruITE.biz event would provide a platform for enterprises to partake in a digital solutions marketplace and create exciting experience for their customers. Principal Secretary, Department of IT, BT and S&T, V. Manjula, stated that the event has been instrumental in promoting the IT Industry for almost two decades. This year’s event is focused on providing opportunities to fuel innovation and promote entrepreneurship in new technologies, by convergence of software and hardware for connected devices. 

New logo of the event was also unveiled at the function

Earlier in the day,  Priyank Kharge, Minister for IT, BT and Tourism, and  V Manjula and senior officers of the Department participated in the roundtable organised by UK High Commission, wherein CEOs from UK and India working on Smart Cities, Cyber Security, Advanced technologies deliberated on potential business opportunities and partnerships. In a bilateral meet between the Minister of State for Trade and investment, UK and Minister for IT, BT and Tourism, Government of Karnataka, opportunities for mutual cooperation in the field of advanced technologies and furthering the growth of Startup ecosystem in both the countries were discussed.

The Minister for IT , BT and Tourism, GOK stated that ‘’We intend to work together with the Government of UK to strengthen collaboration between the innovation ecosystems and technology hubs of UK and Karnataka, with a focus on furthering the links between academia, Industry and policy makers on both sides, for mutual growth and benefit’’