India Based Frux Technologies, First Of Its Kind Venture Incubation Platform Expends Its Presence To North America

Frux Technologies, an India based incubation platform, today announced its expansion plans into North America.

Talking on this, Dalip Arora, Founder & CEO, Frux Technologies said, “We are bringing this unique platform to North American market, where every participating Vendors, Partners and Customers will have a unique proposition for themselves. Our decade long experience across various global markets, makes us an expert in creating successful partnerships for vendors, partners and customers.

We are excited to use our in-depth knowledge and exposure to bring niche technologies from around the globe to the North American channel community. Our aim is to bridge the gap between the technology creators, who are scattered across the world and the actual users in a defined geographies and to help customers and partners to adopt the technologies from the future in the present.”

“Frux Technologies has helped many niche technology vendors to establish themselves in various markets by providing them market intelligence, GTM strategy and support required in any local market to create new opportunities and build the business from scratch. Entering into a new market and expanding within the market is not a new thing for Frux Technologies. Our past experiences, strategies and learnings will help the company to capture the Market share quickly”, further added Mr. Arora.

Frux Technologies is a first of its kind Venture Incubation platform in the North American channel industry catering markets across North America, Europe, Southeast Asia and Middle-east. Founded by industry veterans with a combined experience of more than 100+ years in the field of Sales & Marketing Leadership and expertise in Channel Recruitment, Enablement and Channel Growth.

Frux offers a platform for niche technology players from different industries like Information Technology, Healthcare and Finance etc. to enter new markets or bolster their existing presence in the markets where they are operating by using well equipped and readily available channel partner base associated with Frux Technologies.

Visit our website www.fruxtech.ca  / www.fruxtech.com   to learn more about Frux Technologies and how we are helping vendors, partners and customers in different parts of the world to stay ahead of the Technology curve and take advantage of our platform.

NPCI Introduces ‘BHIM App Licensing Model’ Across Indian Market

·         With this initiative, NPCI will extend its BHIM App on an open source code license model to all regulated entities participating in the UPI ecosystem

·         BHIM licensing model will empower these entities to offer the benefits of UPI to their customers with a ready UPI application that will help reduce time, efforts, and costs for the entities

·         This initiative will boost financial inclusion in the country

In a step ahead towards attaining the goal of ‘Digital Payments for All’, National Payments Corporation of India (NPCI) has announced the launch of BHIM App open source license model under which source code of BHIM App will be licensed to regulated entities participating in UPI ecosystem, who do not have UPI app of their own, to empower them to launch their own UPI app. Presently, many banks do not have their own mobile banking app and are missing out on extending the benefits of the country’s largest retail payment system – UPI, to their customer base. NPCI intends to bridge this gap by extending all the readily available features of UPI to these entities through this BHIM App licensing model which will be an economical and quick-to-market solution for these entities. Further, under this model new features that get launched on BHIM App in the future, will also be extended to these entities for them to continue accessing BHIM app’s latest features.

About NPCI

National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. An initiative of RBI and IBA under the provisions of the Payment and Settlement Systems Act, 2007, NPCI was initiated for creating a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as Bharat BillPay, RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar and National Electronic Toll Collection (NETC).

NPCI is focused on bringing innovations in the retail payment systems through use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.

ABP News-CVoter Opinion Poll Predicts A Neck-To-Neck Battle For Power Between BJP And INC In Himachal Pradesh

ABP News-CVoter’s (Centre for Voting Opinion & Trends in Election Research) third opinion poll predicts a close contest between the Bharatiya Janata Party (BJP) and the Indian National Congress (INC) in the upcoming assembly elections in Himachal Pradesh.

As per the opinion poll, BJP is expected to lead the assembly elections with 31-39 seats. However, their vote share is likely to decline from 48.8% in 2017 to 44.8%. The INC is a close second and is predicted to win 29-37 seats and their vote share is expected to rise from 41.7% in 2017 to 44.2%. AAP is expected to win 0-1 seats with a vote share of 3.3% while Others are expected to win 0-3 seats and receive a vote share of 7.7%.

ABP News-CVoter also conducted a snap poll in Himachal Pradesh and one of the questions posed to the voters was who do they think is the most preferred candidate to be next Chief Minister of Himachal Pradesh? In response to the question, 33.7 respondents said they were in support of Jai Ram Thakur (BJP), 19.7% respondents voted in favour of Anurag Thakur (BJP), 20.3% respondents voted for Pratibha Singh (INC), 2.4% people were in support of AAP candidate, 7.4% respondents were in support of Mukhesh Agnihotri (INC) and 16.5% respondents were in support of other CM candidates.

Another question posed to the respondents was, what according to them is the most important issue at the moment. 48.7% respondents identified unemployment as the biggest challenge, 13.6% respondents considered Electricity/Water/Roads, 5.5% respondents considered Government's performance during the pandemic to be the most important issue, 5.4% respondents considered farmers’ issue, 2.8% respondents identified law and order, 7.0% people said corruption in government works was the key issue, 2.9% people considered national issues, 6.3% people considered inflation while 7.8% respondents identified other issues as the biggest challenge.

Methodology:

This poll is based on surveys conducted in the second week of November and C Voter has made sure that the analysis is properly represented by statistically balancing the data to make it reflective of the local population according to the most recent census results. This survey is based on CATI interviews with respondents who are adults (18+) and represent all segments.

About ABP Network

An innovative media and content creation company, ABP Network is a credible voice in the broadcast & digital sphere, with a multi-language portfolio of news channels reaching 535 million individuals in India. ABP Studios, which comes under the purview of ABP Creations – the content innovation arm of the network – creates, produces, and licenses original, path-breaking content outside of news. ABP Network is a group entity of ABP, which was incorporated almost 100 years ago and continues to reign as a leading Indian Media Conglomerate.

Emirates And Gulf Air Launch Codeshare Partnership Globally

* Partnership offers Gulf Air customers with global connections across Europe, Africa, South America and the Far East with one convenient stop in Dubai

* The partnership is a significant milestone towards the growing relationship between Emirates and Gulf Air

Emirates and Gulf Air have today officially signed a unilateral codeshare partnership, starting this December*. The new agreement will offer easy connections and expanded choices for Gulf Air customers connecting to Dubai and onwards to a host of Emirates destinations across Europe, Africa, South America and the Far East. 

The agreement was signed on the first day of the Bahrain Airshow, signalling a growing relationship between both airlines following on the framework of cooperation established last year.  The agreement was signed by Sir Tim Clark, President Emirates Airline and Gulf Air’s Chief Executive Officer Captain Waleed Al Alawi in the presence of H.E. Mr. Zayed R. Alzayani, Gulf Air’s Chairman of the Board of Directors. The signing ceremony was also attended by members of each airline’s executive management teams.

The expanded partnership will see Gulf Air place their marketing code “GF” on Emirates operated flights beyond Dubai to a selection of some of the most attractive global tourism hotspots, offering new holiday options for Gulf Air customers. Travellers will be able to connect to points including Budapest, Prague, Warsaw, Algeria, Tunis, Bali, Hanoi, HoChi Minh City, Taipei and Sao Paulo. 

The new codeshare agreement’s mix of unique points comes as travellers from the GCC have become more well-informed, value-driven and savvy, increasingly looking for new, diverse experiences and attractions beyond their traditional holiday destinations. 

The new partnership will also offer customers the convenience of combined ticketing and check-in, a unified policy and seamless transfers for baggage, and competitive single fares on a multi-airline journey when connecting on Emirates. Customers can book their travel on Gulf Air’s website, through Gulf Air point of sales and online travel agencies as well as with local travel agents. 

Sir Tim Clark, President Emirates Airline said: “We are pleased to partner with Gulf Air to offer their customers greater access and strong connection opportunities to unique destinations on our network, complemented by Emirates’ signature in-flight service and hospitality throughout their journey from Dubai.  We look forward to working together and achieving more with Gulf Air in the near future, and further strengthening our relationship." 

Captain Waleed Al Alawi, Gulf Air Chief Executive Officer commented: “Our relationship with Emirates Airline has always been strong and today we are reaching a higher level of collaboration with many more opportunities in the horizon between the two carriers. This partnership will empower both of us to offer a more elevated experience to passengers and widen their travel options.”

Emirates currently has codeshare cooperation agreements in place with 26 airline partners and two rail companies around the world, expanding its network reach to over 300 cities.

*Subject to government approvals.

About Emirates

From its global hub in Dubai, Emirates serves customers on six continents, providing high quality air transport services that facilitate tourism and trade. The airline has earned customer recognition for its industry-leading services on the ground and in the sky, delivered by a passionate workforce representing over 160 nations. Emirates operates the world’s largest fleet of wide-body Boeing 777 and Airbus A380 aircraft, offering spacious cabins and iconic inflight features such as its A380 Shower Spa and Onboard Lounge, and its ice inflight entertainment system available in all seats across its fleet, which has topped "best in sky" awards for 17 consecutive years. Emirates is committed to environmentally-responsible operations and focusses on three areas: reducing emissions, consuming responsibly, and protecting wildlife and habitats.  For more information, visit www.emirates.com.

About Gulf Air

Gulf Air commenced operations in 1950, becoming one of the first commercial airlines established in the Middle East. The airline operates scheduled flights from its hub at Bahrain International Airport to cities in Europe, Middle East, Africa, Indian sub-continent and the Far East. Renowned for its traditional Arabian hospitality, Gulf Air is committed to being an industry leader and developing products and services that reflect the evolving needs and aspirations of its passengers. Gulf Air received the Skytrax Five Star COVID-19 Airline Safety Rating for flying safely throughout the pandemic and enhancing its airport and onboard protocols to combat the spread of COVID-19. Gulf Air is also rated Five Star Major Official Airline by APEX, a rating programme that is based solely on certified passengers’ feedback. Most recently, Skytrax awarded the national carrier with the “World’s Most Improved Airline” award for 2022. These milestones for Gulf Air are a testament to the success of its boutique strategy and the ongoing enhancements to its products and services.

OnMobile Reports Robust Second Quarter For Fiscal Year 2023 Results

* Gross Revenue grew 2.2% for the H1FY23

* Challenges Arena: Growth momentum continued; Revenue increased by 634% YoY –

* 55 customer confirmations and 33 customers live as on 1st November’22

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the Second Quarter and Half year of FY23 ended September 30, 2022.

Highlights:

·       Challenges Arena: Revenue increased by 634% on a YoY basis and grew close to 14x in the last six quarters

·       Challenges Arena: 55 cumulative customer confirmations and 33 customers live as on 1st November’22

·       Challenges Arena: 10.54 Mn gross subscribers as of 1st November’22

·       Challenges Arena: By 1st November 2022, the Net active base increased to 2.3 Mn from 1.66 Mn in Q1FY23

·       ONMO B2B: 18 Customers confirmed (4 live) as on 1st November 2022

·       Q2FY23 revenues at INR 1,367 Mn. Forex (Euro) impact on revenue INR 16 Mn QoQ and INR 61 Mn YoY. Gross profit stood at INR 683 Mn, a growth of 3.3% YoY. Q2FY23 revenue growth would be 4.5% YoY excluding Euro forex impact

·       H1FY23 revenues at INR 2,777 Mn, up by 2.2%.; Gross profit stood at INR 1,391 Mn, a growth of 6.0% YoY basis

·       In Q2FY23, Marketing cost grew by 4.5% QoQ and 100% YoY, primarily due to investments in new launches (CA) and Employee benefit costs include a one-time cost due to staff optimization of INR 30 Mn

·       DSO stood at 123 days in Q2FY23, improved by 11 days on a QoQ basis and 5 days on a YoY basis

Commenting on Q2FY23 results, Sanjay Baweja, CEO & MD, OnMobile, said, “While we have seen temporary impact on revenue and profitability due to some customer issues, we continue to invest in marketing which will increase our profitability in the medium to long run. Challenges Arena, our mobile quiz & gaming app launched in FY’22, continues to gain substantial traction. Our focused execution, along with our ongoing efforts to digitize our core B2B businesses, positions us well to realize our objective of developing cutting-edge mobile gaming solutions.”

Asheesh Chatterjee, Global Group CFO, said, “Revenue was flat on a YoY basis due to one-time Euro depreciation impact and higher marketing spend, but this cost will reduce going ahead. CA is going as per plan, and the cost will stabilize soon. ONMO had a good start and is poised for further growth in the upcoming quarters.”

Hyundai Motor India Commemorates Winners Of The Hyundai National Interschool Golf Trophy

Highlights

427 Amateur Golfers from 147 schools across 5 metro cities of India participated in Hyundai National Interschool Golf Trophy

50 semi-finalists from the age group of 11 to 18 years qualified for finals at Bangalore on 3rd Nov’22

8 winners from Finals were awarded by Mr. Tarun Garg and Ms Aditi Ashok

Ace golfer and 2020 Arjuna Awardee, Ms Aditi Ashok also conducted a masterclass with the winners.

Hyundai Motor India Ltd., country’s first Smart Mobility Solutions Provider and largest exporter since its inception. today announced winners of the Hyundai National Interschool Golf Trophy, India’s biggest junior golf tournament in association with the Indian Golf Union, the apex body of Golf in India. Affiliated with the International Golf Federation, the tournament was conceptualized to nurture and encourage young golfers across India and provide them with a platform to exhibit their budding golfing talent.

Commenting on the announcement of the winners of the Hyundai National Interschool Golf Trophy, Mr. Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Ltd. said, “We are glad to associate with the Indian Golf Union for the Hyundai National Interschool Golf Trophy and felicitate the stars of the tournament. Our aim is to foster talent of more and more young golfers who can represent India on the world map. Our association with Indian Golf Union is a concrete step towards building future Golf champions. We congratulate all the winners as well as the participants for the exemplary fervour and passion they exhibited. As a brand offering premium mobility solutions to our young and dynamic customers, we hope to bring forth fresh golfing talent and establish a strong connect with India's youth”.

Commenting on the announcement of the tournament winner, Ms. Aditi Ashok, World Renowned Golfer and 2020 Arjuna Awardee said : “I feel extremely elated to be associated with  Hyundai Motor India for this unique initiative aimed at extending an opportunity to school students across different age groups in an effort to promote Golf at the grass root level in India. This noteworthy initiative is a huge step towards tapping young talent across the country and offering them a rich experience at competitive Golf. I am especially excited to personally meet and congratulate the young boys and girls who have been a part of the Hyundai National Interschool Golf Trophy”

The tournament’s qualifying rounds took place in five metropolitan cities across India namely, Chandigarh, Pune, Noida/Delhi, Gurgaon, and Bengaluru from October 21- November 2, 2022 with participation from 147 schools. Out of 10,000 amateur golfers, 427 junior players were selected from under 11, 13, 15, and 18 years of age. Following the final tournament held at the KG Prestige Golfshire in Bangalore on November 3, the top 8 scorers of boys and girls category out of 50 finalists were awarded. The winners received an interactive session and a masterclass by World Renowned Indian Golfer and 2020 Arjuna Awardee, Ms Aditi Ashok. This partnership has strengthened brand connect for Hyundai, making it India’s most loved car brand and a popular choice among millennials & Gen alphas.

With the aim of fostering and promoting the overall spirit of sportsmanship, Hyundai has been at the forefront of organizing sports tournaments worldwide. The future of Indian Golf seems upbeat as an emerging tribe of Golf talent reinforces their position as a dominant force in the international realm.

Toyota Kirloskar Motor Announces Its Foray Into The CNG Segment

* Expands its grade line up with introduction of E-CNG technology for Cool New Glanza and the Urban Cruiser Hyryder

* Aimed at offering an eco-friendly as well as economical option for customers to choose from, the E-CNG trims in both the models to be available in S & G grades with Manual Transmission (MT) powertrain

* The Toyota Glanza with E-CNG Technology to be competitively priced at Rs. 843,000 & Rs. 946,000 for grades G & S respectively 

* Bookings for E-CNG trims for both the Glanza and the Urban Cruiser Hyryder to begin today across all Toyota dealerships in India

* Prices for E-CNG trims of Urban Cruiser Hyryder will be announced shortly

Keeping in-line with its Customer-First philosophy, Toyota Kirloskar Motor (TKM) today announced its foray into the CNG segment, thereby providing more options in both the Toyota Glanza as well as the Urban Cruiser Hyryder model line-up, for customers to choose from.

The Toyota Glanza, which was launched earlier this year, will now be available with a CNG variant in the S & G grades, along with a Manual Transmission powertrain.

The first of its kind in the segment, the Urban Cruiser Hyryder too will now be available with a factory fitted CNG kit in both S & G grades. Equipped with a Manual Transmission (MT) powertrain in both the grades, the CNG variant will be in addition to the Self-charging Strong Hybrid Electric as well as the Neo Drive variants, which are already available in the market and have received very encouraging response from customers.

The introduction of CNG grades in both the Toyota models will further enable TKM to enhance its range of sustainable vehicle technology offerings, as well as offer more eco-friendly & economical options for customers to choose from. Thus, catering to a varied range of mobility needs of Indian consumers.

Expressing his delight at the occasion, Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM, said, “Being a customer centric company, TKM believes in placing customer’s interest at the forefront. Our goal at Toyota has always been to serve the markets needs with a clear focus on customers’ aspirations, and by providing the most viable products and services to our customers. With the same vision in mind, we are delighted to announce our foray in the CNG segment, driving in CNG variants for two of our much sought- after offerings, the Toyota Glanza & the Urban Cruiser Hyryder.

With the latest addition, we believe that our customers will get more options in the market to choose from, thereby reiterating our philosophy of ‘Mobility for All’. Apart from the joy of owning a Toyota vehicle, our customers will also benefit from low cost of ownership & complete ‘Peace of Mind’ that Toyota vehicles offer, thus providing ‘Mass happiness to all’, he concluded.

Envisaged with keeping customer convenience in mind, the CNG variant in the Toyota Glanza features a powerful yet fuel-efficient ‘K-Series Engine' and is equipped with a Manual Transmission powertrain. The engine capacity of the new E-CNG Glanza is 1197cc with a power output of 57 KW (77.5 PS) & delivers a superior driving experience. The E-CNG Glanza boasts of a fuel efficiency of 30.61 KM/KG.

The Glanza also boasts of a cool integration of advanced technology and Toyota signature front fascia and has been widely appreciated by our customers. The Cool New Glanza offers a range of advanced connected feature, developed to appeal to the modern & tech-savvy customers.

The new CNG variant available in the Urban Cruiser Hyryder is also equipped with a with a 1.5-liter K-series engine & 5 Speed Manual Transmission, as well as a host of awesome features to ensure top performance and a mileage of 26.1 KM/KG*

On the exterior, the Urban Cruiser Hyryder boasts of LED Project Headlamp, Twin LED Daytime running lamp, Wide Trapezoidal Lower Grille, Sleek& Dynamic R17 Alloy wheels, LED Tail Lamp. Similarly, the interiors of the Urban Cruiser Hyryder are beautifully crafted to perfectly suit the bespoke experience offered by Toyota. To make the ownership experience even more awesome, Toyota offers a customized range of 66 accessories designed exclusively for the Urban Cruiser Hyryder.