In an endeavour to serve the customers better, National Payments Corporation of India (NPCI) is pleased to launch Unified Payments Interface (UPI) 2.0. Dr. Urjit Patel, Governor, Reserve Bank of India, Nandan Nilekani, Advisor – Innovation, NPCI, Rajnish Kumar, Chairman, State Bank of India launched the service today in the presence of Biswamohan Mahapatra, Non- Executive Chairman, NPCI, Dilip Asbe, MD & CEO, NPCI and senior bankers from the industry.
Dilip Asbe, MD & CEO, NPCI said, “We are happy to witness the revolution brought about by UPI in the last two years. Large number of banks, merchants, third-party players and consumers trusted this platform which resulted in substantial growth in terms of volume and value of transactions since its inception. With the launch of UPI 2.0 we hope to touch new milestones by expanding UPI’s presence especially in person-to-merchant payment space.”
Nandan Nilekani, Advisor – Innovation, NPCI said, “UPI is a path breaking innovation that is unprecedented globally. Its high volume, low cost and highly scalable architecture built on an open source platform is key to India’s transformation to a digital payment economy.”
Rajnish Kumar, Chairman, State Bank of India said, “NPCI has played a stellar role in enabling various payment platforms. From launching a card payment settlement system that competes with Visa and MasterCard to setting up a platform to facilitate instant money transfer service, NPCI has been moving from one success story to other. The success story of UPI has been acknowledged across the world with other countries trying to emulate similar solutions.”
The key features of UPI 2.0 are:
1. Overdraft facility
In addition to current and savings accounts, customers can link their overdraft account to UPI. Customers will be able to transact instantly and all benefits associated with OD account shall be made available to the users. UPI 2.0 will serve as an additional digital channel to access OD account.
2. One Time Mandate
UPI mandate could be used in a scenario where money is to be transferred later by providing commitment at present. UPI 2.0 mandates are created with one time block functionality for transactions. Customers can pre-authorise a transaction and pay at a later date. It works seamlessly for merchants as well as for individual users. Mandates can be created and executed instantly. On the date of actual purchase, the amount will be deducted and received by the merchant / individual user.
3. Invoice in the inbox
This feature is designed for customers to check the invoice sent by merchant prior to making payment. It will help customers to view and verify the credentials and check whether it has come from the right merchant or not. Customers can pay seamlessly post verifying the amount and other important details mentioned in the invoice.
4. Signed intent & QR
This feature is designed for customers to check the authenticity of merchants while scanning QR code. It notifies the user with information to ascertain whether the merchant is verified UPI merchant or not. This provides an additional security to the QR as well as intent. Transactions are processed faster as app passcode is not required in case of signed intent. It also negates the chances of QR tampering. Customers will be informed in case the receiver is not secured by way of notifications.
T. A. Pai Management Institute (TAPMI), a premier B-School in the country, announced the launch of its big new initiative ----TAPMI Virtual, Executive Learning delivered thru synchronous, and live mode to distributed classrooms in 27+ cities. The first flagship program of TAPMI Virtual initiative is a Post-Graduate Certificate Program in Banking, Insurance & Financial Markets (BIFM) and creates a new learning opportunity for working executives.
Speaking on the occasion, TAPMI’s Director Dr. Madhu Veeraraghavan said, “TAPMI Virtual is targeted at corporate executives who are keen to fast track their career. This unique model of LEARNING and APPLYING concurrently is truly designed for Lifelong learning. TAPMI Virtual is really the future of classroom reaching quality education to those who need it where-ever they are.”
TAPMI has created a studio infrastructure in the campus from where its faculty will deliver the program. VC Now, technology partner of TAPMI will deploy its Video Conferencing platform to connect the students at the distributed classrooms across India.
Dr. Meera L. B. Aranha, Program Head - Banking & Financial Services, said, “Penetration of Insurance, credit card, digital payment and retail investment in stock market are extremely low in India and with increasing awareness and the coming of an enabling eco system the entire BFSI sector is poised for a qualitative transformation and quantitative growth”
Prof. Surya, Chairman – TAPMI Virtual Executive Learning added “The 11-month program will be delivered through a mix of the virtual synchronous mode, campus segment, project work and off-classroom engagement. The campus segment will provide participants hands-on applied learning of Market Concepts in the finance lab through the Bloomberg and Reuters terminals. TAPMI Learning and Engagement Platform (LEAP) and Learning Tab will augment the learning of the participants”
The program is scheduled to commence on November 11, 2018 and will have a course fee of Rs 4.00 lakhs. Applicants need to have a minimum industry experience of four years at reputed companies after completion of their graduation.
Vivo, the innovative global premium smartphone brand, is proud to announce the expansion of its India manufacturing operations at the hi-tech manufacturing facility in Greater Noida. With investment of INR 300 crores till date, the facility has increased production to more than 2 million units per month, re-iterating Vivo’s commitment to ‘Make in India’.
The newly added SMT lines are catering to the growing demand for Vivo smartphones in the country, including flagship devices like NEX and X21.
“The expansion of our state-of-the-art Greater Noida facility reflects Vivo’s commitment to India, and signifies the success of the Make in India program,” said Jerome Chen, CMO, Vivo India. “Our latest flagship - the NEX, has been manufactured at this facility which has been made possible through our consistent efforts and commitment towards making the region a manufacturing hub for our smartphones.”.”
With more than 5000 employees, the Greater Noida plant has a capacity of manufacturing almost 25 million products in a year. Besides manufacturing, the Greater Noida plants also resides a ‘Test Lab’ where the manufactured products undergo more than 1000 stringent levels of quality and durability tests.
Vivo NEX has been completely made in India and seen much success in the Indian market, establishing Vivo’s presence in the above 40K category. Leading e-commerce platform Amazon.in recognized NEX as ‘Amazon's Choice’ in the 40K-45K segment for the month of July. According to GfK Q2 2018 report, Vivo is the leader in the INR 20-30K segment.
Besides flagship devices like the X21 and NEX, Vivo will continue to manufacture and assemble smartphones in India across its category and price segments that include Y53, Y71, Y83, V9, and V9 Youth.
Tesco in Bengaluru has collaborated with NASSCOM Foundation to establish the state’s first community Career Development Centre (CDC). To be located at Ambedkar Nagar near Whitefield, the CDC will begin intake of beneficiaries for the course after the formal inauguration in October this year.
Driven by Tesco’s commitment to enhance the socio-economic status of youth from underprivileged communities through digital inclusion, the CDC will host a digital literacy programme in line with the curriculum of the National Digital Literacy Mission. NASSCOM Foundation will implement the three-tiered programme, which aims to touch 700 lives in the initial phase.
Designed to increase job readiness in the IT/ITES and retail sectors, the course will be a comprehensive mix of digital and financial literacy, English language training, personality development and vocational training, where modules include data entry, Business Process Outsourcing, Business Correspondence and Accounting.
Young people hailing from families with average income of less than INR one lakh, who have passed XII Grade, are eligible for the programme. On successful completion of the course, beneficiaries will receive an industry recognized certificate and participation opportunities in job fairs that will be held at regular intervals.
Sumit Mitra, CEO, Tesco Business Services & Tesco Bengaluru, said, “A corporate needs to wear two hats. One is about business and increasing shareholders' value; the other is social responsibility as an obsession to make a difference, change lives and to create a better future.
We believe boosting youth employment is essential to tap the demographic dividend of a country like India. It is also vital to increase employability to maximize opportunities for vocational training, particularly for young people from underprivileged sections of the society. As IT/ITES and retail sectors are buoyant in India, empowering youngsters from less fortunate communities with essential digital skills can ultimately help improve their socio-economic status.
At Tesco in Bengaluru, we are focused on extending our community engagement to bridge the digital divide. We are pleased to partner with NASSCOM Foundation to bring our vision to life.”
Earlier this year, Tesco in Bengaluru partnered with Unnati, a non-government organisation for youth empowerment and Rotary Bangalore Whitefield Central for a 50-day intensive vocational training programme. Nearly 70% of the 320 youngsters who availed the facility were successfully placed for employment at Star Bazaar. To know more about Tesco’s community Career Development Centre, please visit http://www.tescobengaluru.com/tesco-society/communities.
Shrikant, CEO, NASSCOM Foundation, said, “The Tesco community Career Development Centre is aimed to not only make the youth from the underserved communities digitally literate but also employment ready. It promises to provide the people from the local community with a chance at becoming Account Executives, Business Process Executives, Point of Sales Executives amongst others. As NASSCOM Foundation, we would like to extend our gratitude to Tesco for being the trend-setter and partnering with us for the first such center in Karnataka.
Enakshi, an online apparel brand for women has closed their first round of seed fund of 80 lakhs from a private investor. The brand is also in talks with a clutch of other investors to secure a total funding of $1 million over the next two years to build on its distribution network.
Founded in March 2018, by young founders in their early 20s, Maharsh Shah & Namya Patel, launched Enakshi, a virtual boutique for modern women that offers only exclusive pieces of garments with no two pieces alike. The brand plans to utilize the funding amount to increase the brand’s visibility, improve their existing logistics & technology and to empanel more designers from across the nation. Enakshi also plans to expand their business into brick and mortar stores as a next step to giving its customers a first-hand experience of their favorite Enakshi garments.
Enakshi was launched to address two primary concerns of modern women:
* Their everyday worry of ‘what to wear tomorrow’ &
* Their need for exclusivity and novel-ness in their wardrobe
The virtual boutique helps women explore and discover fashion that is as unique as their individuality. With efficient logistics in place, the brand promises a quick turnaround time by ensuring dispatch on the very same day so that the customers get the garment of their choice sooner than anticipated. Enakshi ensures novelty by launching a new collection every 21 days, where each collection is designed by a different pool of designers, empanelled by the brand from across the nation. Through this unique approach, the brand also aims at disrupting the fashion industry by providing a platform to many talented yet underappreciated designers from across the nation, to collaboratively showcase their creativity befitting the theme of the collection.
Adds Maharsh Shah, co-founder Enakshi, “With the largest social media savvy youth population in the world, India as a market is becoming increasingly fashion conscious. With decades of experience in the women apparel industry through our parent brand Deepkala in Ahmedabad, we noticed that increasing number of women have now started seeking novelty in their every buy and aspire to create a wardrobe that showcases their own individuality. This catapulted the launch of brand Enakshi.”
Namya Patel, co-founder, Enakshi further adds, “At Enakshi, we brief our empanelled designers to create designs to suit the modern women’s preferences. Our primary target audience is women in the age group of 18-48 yr, that don many hats in their daily lives and pride over their individuality. Our designs, therefore, are fluid, to adorn the multiple roles of these women and our philosophy of ‘One Woman, One Design, One Garment’ ensures that there is only one distinctive piece per design. Our efficient backend team and tech ensure that every design ordered is altered in the requested size and dispatched for delivery the same day to keep up with the paced life of a modern woman.”
The fourth edition of Women Changemakers Career Fair and Confluence made waves at The Lalit Ashok, Bengaluru recently. An initiative of Stockroom.io, the event was an exciting opportunity for women to identify better job opportunities and understand some diversity initiatives of well-known brands. The excited participants of the Fair had opportunities to network and interact with women corporate leaders as well.
Funded by Mancer Consulting Services, one of India's leading recruitment consultancy firms, Stockroom.io helps companies hire curated technology talent. Women Changemakers is an exclusive career fair and confluence for women, which is the diversity vertical of stockroom.io.
At the venue, about 650 women with work experience ranging from freshers to more than 15 years’ experience, and about 100 re-starters listened to the focused discussions and used networking opportunities. The high-level speaker line up and influencers at the Fair was also a huge attraction for most participants who were looking to learn, grow and take wing in their chosen professions.
Sunil Shah, Deputy CEO- Delivery, Societe Generale Global Solution Center, reiterates, “Diversity and Inclusion, is not only a set of best practices, but a mindset of viewing every person as a unique individual and celebrating the differences irrespective of culture, race, gender or origin. With a remarkably progressive history of 154 years, the Societe Generale Group, houses over 147,000 employees worldwide and 59% are women. Gender Diversity and inclusion, therefore is no longer restricted to the number of women in the organization but in empowerment, enablement and focus on merit based on an individual’s ability. These differences are what make us a thriving fraternity that focuses on functioning Differently Together.”
Tao Li, CEO of APUS Group, who were one of the recruiters at the event said, "APUS is a strong believer of professional equality and women empowerment. In our company about 40% of employees are female, who are experts in their respective fields. We are looking forward to recruit more intelligent women who can contribute towards the growth of the company. Going with the goal of Indian government to empower women, this event is the perfect platform for us towards this big step. It is an inspiring and groundbreaking idea; we encourage the amazing talent pool in this event and wish them for their future endeavor."
The other speakers were, Ashok Pamidi, Senior Director, Diversity & Inclusion NASSCOM, Tina Vinod, Head of Diversity Inclusion, Thoughtworks, Sapna Alva Tariyal, Head – Procurement , Societe Generale, Divya Ganesh, Director, McKinsey and Nidhi Goyal, Disability and Gender Rights Activist and Comedienne, Magesh Sambasivan- Head, HR, Societe Generale .
Naren Krishna, the founder of Stockroom.io observing the participation, said,” While Diversity and Inclusion is not just gender diversity, it is undoubtedly the elephant in the room, which requires our immediate attention. It’s really encouraging for early stage startups like us to see some of the leading companies actively coming forward to embrace and support new platforms and initiatives to solve to problem of gender diversity. A lot of modern day workplaces have also realized that diversity and inclusion is not just a HR problem but also a business problem.”
India’s first exclusive diversity job portal launched
The women Changemakers event also saw a unique product – Equiv, a job portal that helps companies connect with a diversity talent pool- to help with hiring and employee branding.
Speaking during the launch, Naren Krishna, the CEO of Stockroom.io said,” For organization like us it’s not just enough to come up with just enough to come with any solution to solve the problem of D&I but it’s also important to come up with a scalable solution that can create impact at a scale. Our vision at Equiv is to leverage technology and come up with a suite of enterprise products that would help companies in achieving their D&I goals. The Job portal is a first step towards that direction to help companies connect with diversity talent. We have lot of other interesting offerings, which are currently in product development stage”
One of Equiv’s unique offerings is the powerful AI tool that delivers text analysis tool powered by AI will help companies come up with right job description to ensure attracting more diversity applications..
With Equiv, The women Changemakers initiative of stckroom.io gets strength, added to the 4000 plus women and 25 companies that partner in this push for change.
As India enters its 72nd year of Independence, Twitter is proud to announce the launch of Twitter Lite Google Play app in India as a way for more people across the country to celebrate #IndiaIndependenceDay and see what’s happening in India and the world. People can Tweet with #IndiaIndependenceDay to activate a Red Fort emoji on Twitter and Twitter Lite and join in the celebrations.
https://lh6.googleusercontent.com/9J5bgGoyCz6SUZRLb1KMlVPH5zQQgA2EUO0dNH5gaOfscl4ImrN9SfNR-j6oKQqq4VkwYmV5vB7EIO_iUNCSdxVuYeRXPsQBgqrskheWXV73W1NQOnrse6X9sY44Xj691bZoX75Y
Embeddable Tweet: https://twitter.com/TwitterIndia/status/1029198022071083008
Twitter Lite minimizes data usage, loads quickly on slower networks and takes up less space on your device. Last year, Twitter introduced the Twitter Lite as a mobile web browser experience available on mobile.twitter.com and is expanding the solution to the Google Play store today for more people in India to celebrate #IndiaIndependenceDay with. For more info about Twitter Lite, please click here.
The Red Fort emoji is live today on Twitter and Twitter Lite, available until 19th August 2018. Indians across the world can exchange their feelings, greetings and wishes with each other, using the hashtags #IndependenceDayIndia OR #IndiaIndependenceDay OR #स्वतंत्रतादिवस OR #சுதந்திரதினம் OR #ಸ್ವಾತಂತ್ರ್ಯದಿನ OR #ਸੁਤੰਤਰਤਾਦਿਵਸ OR #स्वातंत्र्यदिन OR #à´¸്à´µാതന്à´¤്à´°്യദിà´¨ം OR #à°¸్à°µాà°¤ంà°¤్à°°్యదిà°¨ోà°¤్సవం OR #ସ୍à±ାଧୀନତାଦିବସ when composing a Tweet to activate the emoji. Twitter emojis are a delightful way to bring together people to celebrate cultural moments and give users a fun way to Tweet, share and celebrate the historic day and express love for their country with live conversations. The Red Fort emoji signifies the historical site where the Prime Minister hoists the flag and delivers his speech from every year on the Independence Day.
https://lh6.googleusercontent.com/jywluwI2RyMITHf_95iD_heQ3P6eIzUuTNWFSrCKk8tvoxVNsKnQvy054OleW9D_LGq37uz7-sHeZN1YusC1PYa0TD-bo7l4Dz0emmTGfL-9eCl-OPj_CTnwkW1l0tVz1PK-wHqP
In addition, people can watch the live stream of the Prime Minister’s speech and Independence Day celebrations on Twitter with @ANI, @AajTak, @abpnewstv, @CNNNews18, @economictimes, @CNBCTV18Live, @IndiaToday, @TheQuint, @BloombgergQuint from 7am onwards on August 15. Those who prefer a data-friendly way to follow the celebrations can look forward to live Tweet updates from @IndianExpress and @The_Hindu on Twitter Lite.
Mahima Kaul (@misskaul), Head of Public Policy, Twitter India said, “Twitter is committed to add value to the expression of our users, allowing them to share their experiences and views in a more meaningful and engaging manner. With the launch of Twitter Lite Google Play app, the Red Fort emoji and the live streams from news partners available on Twitter to commemorate India’s 72 years of Independence, we are thrilled to bind Indians across the world with a sense of togetherness and celebration.”
Twitter continues to celebrate all cultures with customized initiatives for key milestones and events across the world. These initiatives are conceptualized keeping in mind the sentiments and are a delightful way to reinforce a sense of unity and harmony amongst Twitter and Twitter Lite users.
With the launch of Twitter Lite Google Play app in India today, here are a few ways people can leverage Twitter Lite for more accessible, fast, and data-friendly access to content and conversations on the platform, starting with India’s independence Day:
* Data saver: Twitter Lite is accessible to people with data, bandwidth, and device constraints. Control which images and videos load on the phone by enabling Data saver. People can still load all this content at any time by hitting “Load image” or “Load video”, helping to save money and data in real time.
* Built for 2G and 3G networks: At 3MB, Twitter Lite saves data and space, and loads quickly on unreliable networks. While using the app on 2G or 3G, people will notice that content will load quickly on Twitter Lite and be able to see what’s happening no matter what network they are on!
* Bookmarks: Running low on data? Want to save a Tweet for later? Bookmarks is an easy-to-use feature that allows people to save important Tweets for later, for when there is more data or a better internet connection.
* Offline mode: Even when connectivity is temporarily lost, Twitter Lite will offer offline support. The user experience will never be interrupted as Tweets last cached will show even when a user goes offline.
* Push notifications: Starting today, Twitter Lite supports push notifications, allowing people to keep up with what’s happening around the world.
* Night mode: Night mode gives the timeline a darker theme, which is easier on the eyes and easier to read — even during the day.
* Threads: Following Twitter’s announcement last year, threaded Tweets are now available on Twitter Lite! We’ve made it easy to create a thread by adding a plus button in the composer, so people can connect their thoughts and publish threaded Tweets all at the same time.
Download Twitter Lite from the Google Play Store and join the conversation today!
