OBOPAY Launches Distribution Management System for Large Distribution of FMCG Companies

OBOPAY, the global financial technology company providing enterprise solutions for Telcos, BFSIs and companies with a dominant supply chain focus, today announced that the company has launched a distribution management system, an end to end state of the art SaaS solution for the entire distribution channel of an organization.

The distribution management system has been deployed for large Distribution / FMCG companies along with some mid-scale firms such as Manna Health Foods in Chennai, Agronic Food Inc in Mumbai, Brownie Cottage in Mumbai, Pee Safe in Delhi, Unicharm India Pvt. Ltd. and EcoBrisk in Kolkata. The distribution management system which offers the convenience of being hosted on cloud will enable the distributor to manage his entire supply chain hierarchy through his individual DMS portal and the companies to access all the reports through the portal.

Using the DMS, the distributor teams will be able to manage end-to-end visibility of the cash flow along with a well-managed trade scheme. The retailers and distribution sales representatives will conduct business through the DMS apps. Multiple benefits of the DMS include better returns for the distributors and retailers, reduction of distribution leakages, ease in handling returns and refunds for distributors, etc.   

Commenting on the development, Shailendra Naidu, CEO, OBOPAY, said “OBOPAY’s Distribution Management System, is a simple, easy to use solution, which allows users to manage all the tasks through an ultra-light “APP” and a feature rich “Portal”. The DMS is uniquely poised to facilitate the payments. For organizations, the distribution management system is capable of handling the inventory and order management, hierarchy management, product and price management, returns management etc. The DMS will also help in receiving and initiating payments, receiving order and payments along with giving end to end visibility of all processes and reports.”   

The newly launched DMS is uniquely poised to give the facility of instant payments through multiple modes including cash, cheque or digital money, thereby reducing the cash cycles. OBOPAY will handle the installation, mapping of DMS along with payment setup, product and price management for the companies. Instead of waiting till the end of the day or for the DSR to finish his beat, the distributors have the visibility to money being collected instantly.   

Hinduja Global Solutions Records a Robust Growth for Q2 FY2019

Hinduja Global Solutions (HGS) (listed in BSE & NSE) has announced its unaudited Second Quarter and Half Year results for FY2019.

Speaking on the results, Partha DeSarkar, CEO of HGS said: “HGS posted a robust revenue growth in Q2 FY2019, driven by demand across Healthcare and CET (Consumer, eCommerce, Telecom & Technology) verticals. Overall revenues stood at Rs. 11,586 million, an increase of 22.9% YoY. Of this, 7.4% was organic, 7.9% from forex gains and the rest 7.6% came from the acquisitions of AxisPoint Health (APH) and Element Solutions. From a margin perspective, Q2 EBITDA margins (excluding acquisitions) improved by 66 bps sequentially to 10.2% as per expectations.

Our Canadian, US and UK businesses have shown strong revenue growth and improved profitability. A large part of the growth was led by some big logos that we signed toward the end of last fiscal. Healthcare vertical continued to ramp up, with the Provider segment registering 52.9% growth YoY in dollar terms. While the India CRM business continued to face challenges from the drop in telecom volumes, we are seeing strong growth in verticals like financial services.

As in Q1, the performance of APH business has had an adverse effect on overall HGS Profitability. Looking ahead, we expect APH’s performance to improve as the cost saving initiatives are completed and start bearing results. Element Solutions, our digital solutions business, is expected to post significant revenue growth, led by the cloud migration segment from Q3 onwards.

Our continued focus on technology-led solutions and domain expertise is helping us open up opportunities in new segments and markets, as evinced by the recent wins for HGS’ RPA and social care services. We continue to invest in strengthening our capabilities to make our clients more competitive.

Make Way for the Gentlest Greetings of the Festive Season

This festive season, give new parents the gift of choosing gentle from the latest range of baby care products from Johnson’s Baby. The range is an ideal gift for new parents as the products now have fewer ingredients to give gentle care, and a modern ergonomic new packaging. The products are not just meant to cleanse and moisturize but are also designed to turn moments of care at every age and stage into opportunities to strengthen a baby’s connection with their parents.

The entire range is available in stores and online on Amazon, Flipkart, Firstcry and Big Basket for you to pick and choose. Buy assorted products to suit best needs. For example: Buy the perfect assortment of products to gently cleanse, moisturize and protect the new baby which could include the Baby shampoo, Top-to-toe wash, Baby lotion & Baby Cream. This can be ideal both as a baby shower gift for expectant parents or a must- have kit for the new parents.

So this festive season, celebrate the joy of choosing gentle.

AP's New Capital Amaravati to Host F1H2O on Krishna River from November 16-18

The F1H2O India Grand Prix is all set to take place in Amaravati on River Krishna from November 16 to 18.

The World Championship returns to Indian shores after a gap of 14 long years. More than 350 international drivers from the F1H2O circuit will compete in the debut season of Amaravati in UIM motorboat racing.

This year the championship began in Portugal on May 18 and will end in Sharjah on December 15. The race in Amaravati will see the world's top teams in action including teams from Portugal, Italy, the UAE, France and our very own, Team Amaravati.
Amaravati has extended a warm welcome to the racing aficionados and sports-lovers of Bengaluru to witness the one of a kind international event.

While addressing a press conference in Bengaluru, Srinivas Rao, CMO, Department of Tourism (Govt. of Andhra Pradesh) said, "We are happy to welcome Bengaluru to come and witness the spectacular event that is followed by millions across the globe. We are confident this will change the way grand sporting events are held in the country. Amaravati is all set to put our country on the global sporting map with the F1H2O grand prix. The Government of Andhra Pradesh and AP Tourism has put together elaborate initiatives in terms of hospitality and logistics for all visitors and participants. Our efforts are an endeavour to create solid resonance for Amaravati with F1H2O."

Amaravati will be decked up and there will be a carnival-like atmosphere with a host of attractions for everyone present. The resident organising committee of the F1H2O Grand Prix is geared to promote water sport culture in the region which will also benefit the local fishermen communities in the area.

Marco Pietrini, Director of Logistics, F1H2O is working closely to set up the teams and is extremely happy with the progress of the state in hosting the gala event, "I'm happy with way this event is shaping up. The state of Andhra Pradesh and the Tourism department has left no stone unturned to put up a gala show for all spectators and visitors and I am confident this initiative will take the sport to greater heights in the years to come. I won't be surprised if India has its own team competing on the global arena in the coming years."

The capital city is gearing up to welcome visitors from across the globe to witness the event. The 23 km stretch along the River Krishna will turn into a carnival site celebrating best of the sport along with a host of other exciting activities.

On November 16, powerboats will have a free practise session. On November 17 , teams will be battling for pole position while on November 18 the India Grand Prix will start.

Sandeep Mandava, CEO, India Xtreme of Malaxmi Group spoke on the occasion and shared further plans "We have made extensive planning over the last few months and have worked relentlessly to make this event a grand success. It would be our pleasure to have the sports enthusiasts from Bengaluru come in big numbers and witness the return of F1H2O to Indian shores. I am also thankful to Marco Pietrini for his guidance and the respected officials of AP Tourism department for their unwavering support."

Canara Bank Posts Rs 300 Crore Net Profit During Q2, 2018

Despite higher provisions, leading public lender Canara Bank has announced a higher Rs 300 crore net profit for second quarter ending September 30, 2018 and said it was looking at more organic growth to boost its profits further.

The company had posted net profit of Rs 284.1 crore in the quarter ended September 2017.

The company's gross NPA was down at 10.56 percent against 11.05 percent, while net NPA was down at 6.54 percent versus 6.91 percent.

The net interest income was down 15 percent at Rs 3,281.3 crore, while provisions were up at Rs 2,835.1 crore versus Rs 2582.3 crore.

In the absolute term its gross NPA was up marginally at Rs 45,233.2 crore against Rs 44,659.6 crore, while net NPA was up at Rs 26,777.6 crore versus Rs 26,693.5 crore, QoQ.

Bank Executive Director P V Bharati told reporters that Canara Bank geared up for organic growth with enhanced focus on domestic business.

The net profit grew by 15.38 per cent YoY backed by a healthy 17.89 per cent YoY growth in Net Interest Income (NII). The good performance in NII growth was driven by 18 YoY growth in domestic advances supported by a retail credit growing at good pace at 35 per cent YoY.

The global business of the bank surged 12.49 per cent to reach Rs. 9.61 lakh crore, with specific thrust on domestic business which registered a robust growth of 18 per cent YoY to reach Rs. 9.12 lakh crore.

The global deposits improved by 11.18 per cent, while domestic deposits growth was higher at 15.95 per cent, she added.

Ultra Toys and Gifts Launches an Exciting Wide Range of Gifting Products this Festive Season

These unique and articulately designed combination of soft toys are all set to woo your kids & toddlers this festive season. All these toys are made from soft materials adhering to the safety standards, which are reliable and harmless to be used by them. The entire collections are premium quality, washable, skin friendly and non - toxic. It can be also be gifted for Diwali, Christmas, New Year, Birthday & for special occasions throughout this season. Soft and adorable, these toys are stuffed with 100% plush fabric which remains fluffy even after multiple number of washes.

These Toys will be available in all leading stores across India. This range of toys are also available just a click away by ordering online at : www.ultragiftbox.com, Firstcry, Amazon, Flipkart, Snapdeal, Shopclues, Paytm’ etc . Each item ordered will be attractively gift wrapped & swiftly delivered anywhere in India for free. Shoppers can pay for the items ordered through: Cash on Delivery and Online Credit/ Debit / Credit Card Payment options.

Let your child build up stories, let him create a new fascinating world of toys, and let him enjoy every moment of his childhood as the holiday season begins. Diwali, Christmas and New Year are just around the corner, it's time when children of all ages create their wish lists. With so many toys, games and sporting equipment to choose from, it's hard for parents and grandparents to know which gifts make the best choices for their love ones.

News Wiz Season 3 Grand Finale Winners get a Chance to Win a Trip to Oxford

India’s popular quiz show NEWS WIZ Season 3, the brain child of Siddhartha Basu of KBC fame, anchored by veteran journalist  Rajdeep Sardesai is back with great aplomb, on India Today Television. The journey has been eclectic as students from as far from Kashmir to Kerala have participated in great numbers to make the show a super success. Now it is time for the GRAND FINALE and three teams from the south have scored over the rest and will battle it out on the 3rd November for the title of NEWS WIZ 2018. The lucky winners will also get a chance to go on a trip to Oxford, England.

According to Vivek Khanna, Group CEO, India Today Group said, “The scale of the show can be gauged from the fact that 7,50,000 students from different schools transcending geographical boundaries of the country participated and 3500 were selected through a process. The News Wiz team under the leadership of Mr Rajdeep Sardesai has travelled widely across the country to pick up Wild Card Entries for the very first time in this 3rd edition. The show has elicited a massive response from schools across the country.to find the brightest brains. Hyderabad was one of the wild card entries that has reached the finale and has a shot at the title this year.”

As the stage is set for the Grand Finale, as three teams hailing from Thrissur (Sreeram Madhavan V & Paul Binu, Bharatiya Vidya Bhavan's Vidya Mandir, Poochatty), Hyderabad (Hussain Ahmed & Syed Abdul, Mannan Little Flower High School, Hyderabad and Bengaluru represented by Dishita Swaika & Rishab Devaiah Sishu Griha Montessori High School, Bengaluru) will gear up for the final challenge and beat the odds to prove their mettle. The News Wiz trophy therefore moves to South India this year.

The on-ground event has been a roaring success, as students from the top schools of India making their mark with their intellect. A total of 3,500 students actively participated in the News Wiz hosted on-ground by the prolific TV anchor Mr Rajdeep Sardesai, as they fought hard for a wild card entry for the first time ever. The Euphoria created by News Wiz has been phenomenal & never seen before in the history of a Quizzing show.

The iconic show is slated for the final countdown on 3rd November on India Today Television at 8 pm.