Peter England and HeiQ, Switzerland Jointly Launch Innovative Antiviral Collection Including Work Wear, Lounge Wear and Face Masks

Peter England, a leading international menswear brand from the house of Aditya Birla Fashion and Retail Ltd, is set to offer a fashionable and stylish collection with virus and bacteria resistant properties. The brand has collaborated with Switzerland-based HeiQ, a global leader in textile innovation, to bring the unique HeiQ Viroblock® fabric technology to India. Under this collection, Peter England will be launching work wear, lounge wear and face masks to meet complete lifestyle demands of the new-age consumer.

The HeiQ Viroblock® fabric is specially infused with virus resistant properties to ensure safety by inhibiting the persistence and growth of viruses and bacteria on its surface. For masks, the fabric retains these properties up to 30 gentle washes*. For apparel, the fabric retains these properties up to 20 gentle washes*.

Elaborating on the launch, Manish Singhai, COO, Peter England, “Safety and protection has never been more important than it is today, given the current situation which the entire world is facing. Peter England has a rich and strong legacy of introducing innovative products catering to spoken and unspoken needs of today’s consumers. We’re happy to announce our partnership with HeiQ, one of the world’s leading textile innovator from Switzerland, to launch our range of apparel and masks enriched with virus and bacteria resistant properties. We will be launching work wear, face masks and lounge wear in phases to address the country’s need for protection and safety. We believe that this new technology is a breakthrough in the lifestyle category and will bring us closer to the hearts of the consumers.”

In addition to the antiviral technology, Peter England has independently enhanced their mask offering with droplet resistant finish & Smart Straps. The droplet repellent finish makes the fabric hydrophobic. This repels contagious droplets on the masks’ outer surface, making it a perfect shield for the consumer. The smart straps used in the mask have a soft-finish and three-way adjustment to provide comfort, fit and a choice to carry the mask around the neck ,when not in use. Face contour design with chin mask and nose-clip make the mask sit over the consumer’s face comfortably. All these power-packed features come in varied styles and patterns, making this a comprehensive offering for protection, comfort and style in one go.

Co-founder and CEO of HeiQ Group, Carlo Centonze stated, “The team at Peter England undertook a through yet rapid learning about HeiQ Viroblock technology in order to quickly adapt it into their offerings, both in fashion masks and apparels. We worked closely with the teams to ensure that products that they have launched are fully validated in their performance to ensure that our stakeholders in India have the opportunity to add these fashionable article for their day to day protection from the current pandemic.”

Peter England’s new collection is currently available at www.peterengland.com and will shortly be available across the country through the brand’s retail network of outlets and multi-brand counters.

*Disclaimer: The fabric used in these products is treated with HeiQ Viroblock Swiss Technology that is tested to provide resistance against common viruses and bacteria, based on AATCC 100 and ISO18184 global testing methods, up to 30 gentle washes in masks & up to 20 gentle washes in apparel. Resistance to COVID-19 is yet to be assessed.

About Peter England:

Peter England is one of the most loved and largest menswear brands in India. It sells more than 14 million garments every year across 1000+ exclusive stores, 3500+ Multi‐brand outlets and across 800+ towns. The brand also holds a strong e-commerce presence. Peter England has been voted as India's Most Trusted Apparel Brand for 7 consecutive years by the Economic Times Brand Equity Survey. The brand is committed to offering varied styles across categories starting at an attractive price point of Rs. 999. Peter England was first launched in India by Madura Fashion and Lifestyle (previously known as Madura Garments) in the mid‐price segment in 1997; the company acquired the world rights for the brand in 2000. What began as a brand of honest shirts in 1997, in India, is today a complete lifestyle brand with merchandise available for every day and for all special occasions. The brand’s formal wear range of crisp formal shirts, well-tailored suits, jackets & trousers combines high fashion, impeccable fits along with a wide selection of highly curated looks for modern professionals. The casual wear range is a highly eclectic line of washed cotton shirts, denims, cargo bottoms, graphic tees, polos & winter-wear. The ‘Select’ line brings together premium formal wear with emphasis on fine detailing with a hint of color, comfort and panache. While the assorted collection of ties, pocket squares, belts, wallets and footwear assert a distinctive style statement, the finely crafted vests, boxer shorts and briefs from the newly launched innerwear line ensures highest comfort and great fit. While the brand continues to expand across India, they introduced a brand new retail identity called the Peter England Men’s Obsession, which is a large format store housing over 2000+ unique designs at an unmatched value, all the while delivering a young, vibrant shopping experience for all.

About ABFRL:

ABFRL is a part of USD 48.3 billion Aditya Birla Group. With revenue of Rs. 8,743 cr. spanning retail space of 8.1 million sq. ft. (as on March 31, 2020), it is India’s first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats.

Blue Dart Encourages the ‘Bonds of Solidarity’ Thanking COVID-19 Warriors with Special ‘Rakhi Express’ Offer

Blue Dart, India’s leading logistics service provider and part of Deutsche Post DHL Group (DPDHL), announces the launch of its annual ‘Rakhi Express’ on the occasion of Raksha Bandhan. Straying from tradition, Blue Dart aims to go one step beyond the celebration of the bond between siblings. This year, Blue Dart encourages the ‘Bonds of Solidarity’ to ship rakhis, not just to siblings within India and internationally, but to go one step beyond and send your love and spread the joy of the festival to all protectors including our COVID-19 warriors who have safeguarded the nation through the Coronavirus Pandemic.

Blue Dart’s ‘Rakhi Express’ is a unique opportunity that has been loved by customers for years. Through its widespread Indian domestic network, Blue Dart will deliver rakhis to 34,000+ locations across India and to 220 countries and territories across the globe, as part of the DPDHL Group’s ‘Express Easy Rakhi’. Customers can avail a special rate of ₹200/- to send rakhis to COVID-19 warriors and ₹250/- to send rakhis to their loved ones between 10th July, 2020 and 05th August, 2020. The special rate applies for up to 0.5kg for domestic shipments (anywhere within India). These offers can be availed at any of the Blue Dart – DHL retail stores across India or by calling 1860 233 1234. Customers can send their rakhis through a specially designed ‘Rakhi Envelope’ and a greeting card for their personalized messages.

Speaking about the initiative, Ketan Kulkarni, CMO & Head - Business Development, Blue Dart said, “The year 2020 was different on every vertical. This year, the world crumbled around us, giving way to a Pandemic that shook businesses and individuals across the world. The only common underlying theme across industries, cities and nations was the ‘Bonds of Solidarity’ amidst people. While most of us stayed in the safety of our homes, our COVID-19 warriors geared up at their action stations to ensure the health and safety of all.

Our goal during this festive season is to ensure that Raksha Bandhan 2020 is more than a festival for sisters to send brothers their love; rather, it is to ensure that Raksha Bandhan 2020 is a festival that celebrates love in all its forms – to parents, to friends and most importantly to send gratitude to all our protectors including our COVID-19 warriors.

This initiative is a tribute to every Government Worker, Health Care Worker, every Armed / Paramilitary / Police Force personnel, every Civil Aviation / Railway / Bank employee who has tirelessly worked through the pandemic for the greater good.”

He further added, “We want to give families that live apart, the opportunity of experiencing Raksha Bandhan to the fullest by staying connected across the country and globe. In the world of social media, the Rakhi and personal note from a loved one delivered with care, holds a very special place. We strive to provide a hassle-free, accurate and timely delivery so that people may enjoy their Raksha Bandhan without any worries.”

Customers can register for the Rakhi Service at any of Blue Dart’s conveniently located stores across the nation. At the store, the customer needs to verbally confirm that the sender or receiver is a COVID-19 warrior. Blue Dart staff then offer the Domestic Rakhi Express at Rs.200/- on domestic Rakhi shipment up to 0.5kg. The Rakhi the customer brings is then inserted in the rakhi envelope along with the Blue Dart greeting card where the sender can write their personal message for their unwavered fighting spirit.

To avail our service or for any further enquiry, customers can call us on Customer Care Number - 1860 233 1234 or email us on - customerservice@bluedart.com.

Radisson Hotel Group South Asia Enters into Strategic Tie-Up with EazyDiner in Indian Market

Radisson Hotel Group South Asia today announced its partnership with EazyDiner – India’s leading table reservation and food discovery platform. The partnership is a significant step to strengthen the Group’s Food and Beverage (F&B) capabilities in the region. The collaboration will serve all 94 operating hotels of the Group’s portfolio in India and will include table booking and home delivery services.

“We are excited to roll out our association with EazyDiner to usher in a new era of restaurant dining and safe food deliveries with participation across our network. This partnership is a very timely step for us as we innovate our business model to reach more guests. Food and beverage constitutes a critical lever of our strategy and is central to our business recovery and brand building efforts in these critical times,” said Zubin Saxena, Managing Director and Vice President Operations, South Asia, Radisson Hotel Group.

Radisson Hotel Group South Asia has devised 20 signature dishes for home delivery. Curated by Chef Rakesh Sethi, a known culinary expert in the Indian F&B industry and presently corporate executive chef for Radisson Hotel Group South Asia, these include items like Paan Kulfi with Gulkand Cake and Supari Cigar, Angaar E Jamun (Chocolate stuffed Gulab Jamun flambeed) and Trio Symphony (Gajar Halwa/Gulab Jamun Terrine/ Kalakand Tart/Kesar Phirni) amongst many others. Guests will be able to order these dishes online along with their favorite cuisines across Radisson Hotel group South Asia’s specialty restaurants through EazyDiner’s EazySafe+ platform that ensures safe takeaways and minimal-contact deliveries.

“Partnering with Radisson Hotel Group, South Asia, is a great value addition for us, and we are delighted to bring their signature dishes to our customers. The Group offers some of the nicest all-day dining restaurants in the country run by top chefs and renowned names like Chef Rakesh Sethi. The EazySafe+ hygiene rating by EazyDiner features these restaurants at the top of the list and we are certain that this collaboration will be mutually rewarding,” said Kapil Chopra, Chairman of the Board, EazyDiner.

Radisson Hotel Group has rolled out Radisson Hotels Safety Protocol, a new program of in-depth cleanliness and disinfection procedures, in partnership with SGS, the world’s leading inspection, verification, testing and certification company. Additionally, exhaustive food safety and hygiene manual and food and beverage protocol guidelines have been laid out for all hotels to ensure safe and secure F&B experience.

This collaboration will provide food lovers an opportunity to discover and book tables at Radisson Hotel Group’s restaurants when they become available for in-person dining while home deliveries can be booked immediately with a simple three-step ordering process and hassle-free online payment.

To order home delivery services across Radisson Hotel Group’s restaurants across India, download the EazyDiner app on your phone and enjoy great offers.

ABOUT RADISSON HOTEL GROUP

Radisson Hotel Group is one of the world's largest hotel groups with seven distinctive hotel brands, and more than 1,400 hotels in operation and under development in 120 countries. Its signature service philosophy is Every Moment Matters.

Radisson Hotel Group portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inn & Suites by Radisson, brought together under one commercial umbrella brand Radisson Hotels.

Radisson Rewards is our global rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers exceptional loyalty benefits for our guests, meeting planners, travel agents and business partners.

Radisson Meetings places its guests and their needs at the heart of its offer and treats every meeting or event as more than just a date on the calendar. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and our signature Yes I Can! service spirit and being uniquely 100% Carbon Neutral.

More than 100,000 team members work at Radisson Hotel Group and at the hotels licensed to operate in its systems.

ABOUT EAZYDINER

Founded in 2015 by a team of experienced hoteliers Rohit Dasgupta, Sachin Pabreja, Ahana Bhutani, Shruti Kaul, Kapil Chopra and Vir Sanghvi, EazyDiner is India’s first online instant restaurant reservation platform.

EazyDiner helps a user find great restaurants and bars, get a guaranteed reservation within 18 seconds and every reservation comes with a deal which enhances the dining experience, whether it is a substantial discount or a glass of wine for every diner. EazyDiner also provides safe & hygienic takeaway & delivery options for its users at restaurants ensuring the safety of its users through the EazySafe+ program.

Diners also have access to and can talk to experienced 24-hour food concierge for personalised recommendations. The EazyDiner Loyalty Program awards points which can be further redeemed for dining vouchers. EazyDiner currently lists over 1.5 lakh restaurants and bars with menus and offers real-time reservations at over 10,000 partner restaurants in 225 cities in India & Dubai. 

Meitra Hospital Appoints Dr. P Mohanakrishnan as the New CEO

Dr. P Mohanakrishnan, a health professional with more than 3 decades of experience in healthcare spanning India and the Middle East, joins Meitra Hospital as Chief Executive Officer (CEO).

“Dr. P Mohanakrishnan brings with him a strong   discipline and prowess in establishing and managing hospitals not just in India, but Internationally as well. We look forward to his wealth of experience and are excited to have him lead Meitra & achieve KEF’s vision of transforming Indian Healthcare.”, said Faizal E. Kottikollon; Chairman, Meitra Hospital & Founder Chairman, KEF Holdings.

He has held leadership roles across premier healthcare facilities in Kerala & GCC. Prior to taking up his current position, Dr. P Mohanakrishnan served as the CEO of Avitis Institute of Medical Sciences, Palakkad. He also founded the prestigious Institute of ENT and Head and Neck Surgery in Kerala and established it as one of the premiere institutes specializing in the discipline of ENT in India.

“The healthcare sector across the world has become the nucleus of sustenance. And Kerala with its well-established healthcare networks and infrastructure is perfectly poised to welcome people seeking quality and advance treatments, not just from the rest of India but from across the globe. Meitra Hospital offers world-class tertiary care by blending the concepts of ‘Evidence Based Guidelines’, modern-day technology, notable clinical expertise and unparalleled infrastructure. I am looking forward to establishing the facility as a well-noted centre and preferred destination amongst those seeking superlative care, in line with international standards,” said Dr. P Mohanakrishnan.

Agastya International Foundation’s Efforts Shines Bright During COVID 19 Pandemic

Amidst this pandemic, Aagstya has been working on developing modules to educate people on COVID-19. The teams across the country have been volunteering their hours to raise funds to buy and provide food supplies and masks to those in need. Summer camps have been conducted through online which is an integral part of Agastya’s pedagogy. The series of art and craft activities were organized like making posters and flipbooks to low-cost model making. They are designed to bring out the best of children’s’ creativity and can be made using the material available in their homes. With a specific focus on skill development, online teacher training sessions were also conducted for teachers in states like Tamil Nadu, NCR, Gujarat, Sikkim, Karnataka, AP, Odisha and others. More than 2 lakh children and 4000 plus teachers have been reached through these sessions so far in the outreach activities spanning 21 states.

The regional teams in Maharashtra and Gujrat have contributed Rs.1 lakh + towards covid-19 relief also Agastya has raised Rs.25+ lakhs for dry ration distribution. About 15000 plus beneficiaries were reached through the relief activities.

In a shining example of the innovative methods promoted by Agastya, two of our instructors, Pandurang and Balaji, converted a cow shed into a classroom when they could not conduct classes in their homes. They reached out to more than a 100 teachers through the online workshops conducted in the shed, proving that learning doesn’t have to stop.

The digital programs have not just been restricted to children. 100+ women across Maharashtra and AP who are parents of children reached by Agastya, are being taught the design thinking process, which is an iterative process that encourages innovative and out-of-the-box thinking to find solutions to problems. Through these classes, the mothers are taught to develop 21st century skills, which are an integral part of the design thinking process. They also helped to recognize and design thinking as a way of life and inspired to teach and pass on the knowledge they gained at Agastya to their peers.

"At Agastya, we believe, every crisis - unprecedented or otherwise - gives birth to an opportunity," says Ramji Raghavan, Chairperson of Agastya. “We are exploring partnerships with both corporate and government organizations to make our infrastructure and people available in the fight against COVID-19 - our Mobile Science Labs, Labs-on-Bikes and Science Centers to deliver personal protective equipment and food,” he added.

About Agastya International Foundation 

Agastya International Foundation is a non-profit Organisation based out of Bengaluru. It is one of the largest hands-on science programs in the world. Its mission is to spark curiosity, nurture creativity and instill confidence in underprivileged children and government school teachers across India.

Kazan Helicopters has Certified the Ansat simulator According to International Standards

Kazan Helicopters of the Russian Helicopters holding company (part of Rostec State Corporation) has received positive qualification of Ansat helicopter training simulator's compatibility to international standards. The evaluation was carried out by the Central Aerohydrodynamic Institute named after N.E. Zhukovsky (TsAGI). 

The comprehensive Ansat simulator was tested for its compliancewith the requirements of the International Civil Aviation Organization (ICAO). Evaluated characteristics included the layout and design of the cockpit, simulation of flight and engine dynamics, controlling on ground, helicopter systems, acoustic, visual and vibration effects and navigation. The assessment result was positive. 

"We consider the certification of the Ansat helicopter simulator according to ICAO standards as one of the important achievements of our company. Our Aviation Training Center is now waiting for the first intake of students to pass the simulator training in August 2020. The training will be organized to foreign customers: pilot training is included in the price of the helicopter in all export orders", pointed out Managing Director of Kazan Helicopters, Yuri Pustovgarov. 

The simulator model was developed on the basis of helicopter flight test data provided by the design bureau of the Kazan Helicopters. The cockpit and interior of the simulator are completely authentic. Instrumentation is replaced with simulator devices, but their appearance and functionality fully correspond to the originals.

The Ansat simulator is equipped with a visualization system that provides full visibility from the pilot's seat. It can be used to reproduce two distinct areas: the city of Kazan along with the Kazan Helicopters flight test center, as well as the city of Sochi. A vibrating platform and audio system help to simulate the vibrational and acoustic effects of flight. Using the simulator,trained pilots will be able to maneuver the helicopter model in various conditions, including in dangerous and emergency situations.

The comprehensive Ansat simulator was designed and produced as part of the investment project "Development Concept for for the Aviation Training Center of the Kazan Helicopter Plant of Russian Helicopters Holding Company".

The KHP Aviation Training Center also has a comprehensive simulator for Mi-8MTV helicopter. The cabin of the simulator has been adapted to simulate training of pilots at night with night vision goggles. Besides, the simulator has a vibroacoustic unit whichimitates vibration and sounds of a helicopter depending on the flight mode and conditions. 

The Aviation Training Center of Kazan Helicopters was established in 1995. In more than 20 years it has trained almost 9,000 specialists. The center provides courses on retraining andprofessional development for pilots, engineers and technical specialists. Teachers constantly improve their skills and undergo practical training in the leading training centers in Russia and abroad, and have registered certificates of aircraft manufacturers. The KHP Aviation Training Center provides training for helicopters of Mi-8/17 and Ansat types. In the future it is planned to create a similar training program for Mi-38 helicopter.

JSC “Russian Helicopters”, a part of Rostec State Corporation, is a leading player in the global helicopter industry, the sole Russian designer and manufacturer of helicopters. The Holding Company was established in 2007 and is headquartered in Moscow. We operate five helicopter assembly plants, two design bureaus, component production and maintenance enterprises, aircraft repair plants and one helicopter service company providing after-sales support in Russia and abroad. The customers of the Holding Company are the Ministry of Defense, the Ministry of Home Affairs, EMERCOM of Russia, and other state customers, Gazpromavia, UTair Aviation company, large Russian and foreign companies.

State Corporation Rostec is one of the largest industrial companies in Russia. It unites more than 800 scientific and industrial organizations in 60 regions of the country. Its key areas of activity are transport engineering, electronics, medical technology, chemistry and innovative materials. Rostec holdings form three clusters: electronics, weapons and aviation. The corporation’s portfolio includes such well-known brands as AvtoVAZ, KAMAZ, Kalashnikov, Russian Helicopters, Uralvagonzavod and others. Rostec is active in the implementation of all 12 national projects. The company is a key provider of Smart City technology, it is engaged in the digitalization of public administration, industry and social sectors, and it is developing plans for the development of 5G wireless technologies, an Industrial Internet of Things, big data and blockchain systems. Rostec partners with leading world manufacturers such as Boeing, Airbus, Daimler, Pirelli and Renault. The corporation’s products are delivered to more than 100 countries worldwide. Almost a third of the company's revenue comes from the export of high-tech products.

GIIS Campuses Win Multiple Awards at MQH Best Practices Competition in India

Global Indian International School, a chain of international schools headquartered in Singapore, won a number of awards recently at the MQH Best Practices Competition organised by IMC Ramkrishna Bajaj National Quality Award (RBNQA) Trust, taking the total tally of awards won by the school to 154.

GIIS, which has 21 campuses across 7 countries - India, Japan, UAE, Singapore, Malaysia, Thailand and Vietnam, is acclaimed for its award-winning educational pedagogy and best practices in education that fosters holistic development among students. The institution has received 154 awards till date and has been recognised by coveted national and international organisations including Asia Pacific Quality Organisation, Institute of Directors, Enterprise Singapore, and Indian Merchants Chamber among many others.

The school has a dedicated Global Centre for Excellence in Education (GCEE) team that is committed to establish the highest standards in education excellence and carve the path to achieve awards and recognition for GIIS across countries.

In the recently held MQH Best Practices Competition organised by IMC Ramkrishna Bajaj National Quality Award (RBNQA) Trust, eight GIIS campuses won awards. The competition was held virtually from 23rd to 26th June during which students and faculty from various campuses presented on different topics and won accolades for their ideas and presentation skills.

The participating GIIS teams were from - Kuala Lumpur, Bangalore (Whitefield), Abu Dhabi, Singapore (Punggol SMART Campus), Singapore (East Coast), Ahmedabad, Tokyo, Pune (Balewadi).

GIIS Abu Dhabi swept the Winner Trophy for their presentation on Heartfulness Intervention. GIIS SMART Campus was the First Runner Up for presenting on #SMART-TECH-ULARS, followed by GIIS Tokyo and GIIS Ahmedabad as the Second Runner-up. GIIS Ahmedabad’s topic was Building Responsible Green Citizens while GIIS Tokyo on The Unival Tree.

Students spoke confidently on their topics and presented information with the help of statistics and data to explain their point of view. Post every presentation, the panel of judges, comprising eminent personalities from various fields, asked questions from the students and the rating was done on were shared during the sessions and along with that are of relevance in today’s times and also of possible solutions to control the situation.

The competition was participated by over 40 organisations from various categories like Service, Health, Education and Manufacturing.

Apart from the above-mentioned eight GIIS campuses, Mahatma Gandhi Global Indian Eklavya School (MGGIES) Tilakwada which is run by GSF participated in NGO category also participated in the competition and won first runner-up for their presentation on Amrut Sandesh.

About Global Indian International School

Winner of 150 international awards, Global Indian International School (GIIS) is a global network of premier international schools with more than 15,000 students across 21 campuses in Singapore, Malaysia, Japan, Thailand, UAE, Vietnam and India. Founded in 2002, GIIS offers a range of International and Indian curricula for Kindergarten to Grade 12 students. These include the International Baccalaureate Diploma Programme (IBDP), Cambridge IGCSE, IB Primary Years Programme, Central Board of Secondary Education (CBSE) and the Global Montessori Plus programme. 

GIIS’ mission is to nurture young minds into global leaders and innovators of tomorrow through skills-based approach to education which believes in academic and extracurricular excellence. This approach, called the Nine GEMS methodology, balances excellence in academics with sports, performing arts, entrepreneurship and character development. GIIS is a member of the Global Schools Foundation (GSF) which has been recognised worldwide for high standards of governance and established academic criteria. 

Legal firms to make hay in slowdown

Fortunes of domestic law firms will continue to rise on account of spurt in layoffs and commercial disputes, even though the government injected a booster dose of over Rs 30,000 crore to propel growth.

"Workload on disputes pertaining to joint venture terminations, franchising problems and layoffs have increased as companies have started taking pre-emptive actions," said senior partner of the law firm Titus and Co, Diljeet Titus.

Although the government has come out with a fiscal stimulus package to boost industrial growth and economy, it is unlikely to have perceptible impact in the short run and raise business confidence, which has led to layoffs, partial and complete closure of plants and termination of joint ventures, especially those involving foreign partners.

According to Titus, who deals mostly with foreign clients, "Recently, we have received more than two dozen references on joint venture terminations, closure of wholly owned subsidiaries, branch offices and liaison offices."

Company law expert U K Chaudhary said, "We have been approached by some big companies for consultation work on compensation package for the employees to be retrenched."

Several big and small companies battling demand slowdown are trying to get rid of surplus employees to save costs.

"It is true that world is suffering from a severe financial crisis, but for many Indian legal firms, it is a boom time and lawyers across the country are getting a lot of works related to litigation and drafting," opined Rabindra Jhunjhunwala, Partner Khaitan and Co.

According to latest IMF estimates, world economic growth rate is expected to slow down to 2.2 % in 2009. Many countries in the world including the US, Eurozone nations and Japan are in recession. Economic growth rate in India too is expected to moderate to 7 % during 2008-09 from 9 % in the previous fiscal.

Source: Agencies

Air fares in India fall in time for New Year

Air fares have finally begun their descent to more reasonable levels this holiday season. On Saturday, Vijay Mallya-owned Kingfisher and low cost carriers — IndiGo and SpiceJet — decided to follow Jet and Air India in cutting fuel surcharge for domestic flights.

While full service carriers have dropped surcharge by Rs 400, LCCs — that had not raised them in last two rounds of jet fuel price hikes — have also reduced by Rs 200 to Rs 300. Now all Indian carriers, whether full service or low cost, have uniform fuel surcharge: Rs 1,950 for short flights and Rs 2,700 for those over one hour flying time.

LCCs like IndiGo and SpiceJet and AI (domestic) don't charge the congestion fee of Rs 150 that Jet and Kingfisher do. In fact, with the difference in fuel surcharge gone, LCCs would be under pressure to cut basic fares. They are looking at re-introducing attractive advance booking fares to stimulate demand. At present, full service carriers' fares are about 20% higher than LCCs and the latter want this gap to be 25-30% to be significantly cheaper.

The airlines' worst fears are coming true as the combined impact of economic glut and terror alerts has cast its shadow on passenger numbers in the ongoing peak travel season. The number of fliers is going to further drop from January to March (traditionally the leanest travel season). "We have to stimulate demand by attractive fares," said SpiceJet director Ajay Singh.

Will the slowdown benefit BPO industry?

Indian industry will feel the real impact of the current meltdown in the US and other developed economies in the first quarter of 2009, with the business process industry likely to see job losses of up to a quarter of a million, said Samir Chopra, President, Business Process Industry Association of India (BPIAI).

Addressing delegates at a session on 'Surviving US Recession- Developing & Transforming Policies', Chopra, however, saw a silver lining in the ongoing recession for the BPO sector, saying that it would compel more companies in the US and Europe to look at outsourcing as a way cut their costs and improve efficiencies.

He said that urgent government measures were needed to boost the domestic business process industry, specially the medium and small enterprises. These included both fiscal and administrative measures, like extending the tax relief for the IT sector for another 5-10 years and export promotion steps, including a market development fund. The session was organised here today by BPIAI in association with Confederation of Indian Industry (CII).

According to him, the current situation had been impacted further by the recent terrorist carnage in Mumbai, which had hit sentiments across the board. "It has led to widespread cancellations of visit and even forthcoming international events. The government must now take suitable remedial steps to boost homeland security and the emergency response system."

For Anand Pillai, the current meltdown was an opportunity for the Indian BPO sector to add value to its services. This, he said, was important if they were to retain and expand their client base. Taking an optimistic view of the current slowdown, he said that a positive response and attitude would help shorten the recession cycle. "For this, it was important workplaces should engender learning, preparing employees for the turnaround, when it happens.

Citing the example of his company, HCL Technologies Ltd, Pillai said that "the core asset in any IT industry were its staff and cost-cutting through retrenchments was not the right policy to follow. The savings resulting from such job cuts are miniscule when compared to the damage they cause in terms of employee satisfaction and service delivery."

Disagreeing with Chopra that the current slowdown was temporary, Praveen Sengar, Head-Software, Services & Industry (Vertical Reserach), IDC India Ltd, said recovery from the last slowdown in 2001 had taken six quarters when the sectors affected were much less. "This time, I see a recovery only around the first half or the third quarter of 2010."

According to Sengar, the current slowdown was likely to slowdown expansion in the BPO industry, with the time taken for signing up new clients taking a longer period of time. "It will also result in greater consolidation and promote diversification into areas hitherto considered as non-core activities."

On his part, S N Zindal, former Director-General, Software Technology Parks of India, said that "it was not true that the Indian IT industry was in recession, though he agreed that there could be substantial decline in its growth rate. This is a period when the Indian IT industry, specially the BPO units, should build on their advantage by improving manpower, developing suitable infrastructure and having the right government policies in place."

Agreeing that the SMEs were the most vulnerable to any downturn, Zindal said that the right policies could help such units move up the value chain. He said that even as the slowdown continued in the US and other developed countries; such units could help tide over the crisis by expanding the domestic market.

Emphasizing the need for more reforms, Kiron Prabhakar, Partner, PAV Law Offices, said that amendments had been proposed several times to the Information Technology Act 2000, "but these are yet to see the light of the day". According to her, the other areas needing reform were Incomes Tax Act and the Stamp Duty Act apart from changes in the immigration laws.

Prabhakar also advocated doing away with the cap on royalty and knowhow fees, saying that were impeding technology transfer to Indian companies.Industry has been seeking a change in the labour regulations for quite some time and the government must ensure that these promote outsourcing, she added.

Proposing the vote of thanks, Deepak Ohlyan, Managing Committee Member, BPIAI, and Director, Dell International Services BPO, said that the recent terrorist incidents in Mumbai were a matter of great concern to Indian industry. He said that it was time for the domestic BPO industry to consolidate on its recent growth and prepare for the turnaround by upgrading both staff and services.

A panel discussion on the impact of the recent terrorist attacks on the business process industry was also organized on occasion, with participants seeking stronger government action and greater political will to tackle the situation.

Some participants in the discussion like Col K C Goswami, Consultant, Special Projects, G4S Security Services; Sanjog Gupta of NDTV, and Arjun Wallia, Founder & Chairman, Managing Director, Walsons -- A Securitas Partner Company, felt that the attacks were a wake-up call for the Indian industry to take immediate steps to improve physical security of their establishments. There was no time for complacency, they added.

Other speakers like Srinivas Pingali, EVP, Quatrro BPO Solutions Pvt Ltd, said that the BPO industry had been directly impacted by the attacks and "any such attack in the future could severely dent the prospects of the domestic industry. The immediate business impact has also been minimized by the forthcoming Christmas and New Year holidays."

Responding to a suggestion, Chopra agreed on the need for the association to come out with its own security standards for the BPO sector. This, he said, would reassure potential overseas investors and clients, even as they would enable domestic companies to be prepared for ongoing security audits and checks.

Source: Times of India