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Category: Business

  • ShepHertz AI Bot Transforms Guest Experience at Hotelogix & AxisRooms Connect 2024

    ShepHertz AI Bot Transforms Guest Experience at Hotelogix & AxisRooms Connect 2024New Delhi, 6th September, 2024: ShepHertz, a leading cloud-based platform that offers scalable infrastructure and advanced tools for building, managing, and scaling digital applications, showcased its advanced AI solutions at the Hotelogix & AxisRooms Connect 2024, marking a milestone in India’s hospitality sector. India’s premier event, dedicated to leading homegrown hospitality brands and held in partnership with Booking.com, HostBooks Limited, Restroworks, KePSLA and PayU, highlighted the transformative impact of technology on the mid-market hotel segment.

    At this pioneering event, ShepHertz’s AI bot served as the personal companion for Guests, enhancing their experience with seamless interactions and instant responses. From touchless check-ins to real-time notifications and dynamic visitor management, the AI bot revolutionized event engagement with its advanced features, including facial recognition and comprehensive visitor data analytics. The AI for Hotels suite, which included the AI Concierge, AI Butler, AI-based Banquet Plate Counter, AI Front Desk, and AI-based Interview Assistant, was particularly well-received for its ability to streamline operations and elevate guest interactions.

    Siddhartha Chandurkar, Founder & CEO of ShepHertz, shared his insights on the event’s success, “The overwhelming response at Hotelogix & AxisRooms Connect 2024 has been truly remarkable. We witnessed an impressive footfall at our booth and an unprecedented level of inquiries about our AI-driven solutions. The sheer volume of interest indicates the significant gap in the market for advanced, scalable technologies in the hospitality sector. Our AI bot and talentanywhere.ai platform not only met the demand but also highlighted the industry’s eagerness for innovation. This event has provided us with invaluable insights into the sector’s needs and further reinforces our commitment to bridging these gaps with advanced solutions.”

    In addition to the AI bot, ShepHertz’s talentanywhere.ai platform made a significant impact. This groundbreaking technology was hailed as a game-changer by the majority of Guests. talentanywhere.ai offers a robust AI-driven recruitment process, enabling hoteliers to conduct preliminary interviews and assessments with ease, thereby saving time and ensuring a transparent selection process.

    “Partnering with ShepHertz, Hotelogix will pioneer the use of AI technology and set a new standard in hospitality. Our AI concierge and butler systems offer a highly consistent and enhanced guest experience at a fraction of the cost, making high-quality guest interactions more efficient and affordable”, added Aditya Sanghi, CEO, Hotelogix.

    The event featured other notable industry leaders like Tejarshi Roy, sharing their insights on the evolving landscape of the hospitality industry. The presence of over 100 hoteliers and the enthusiastic reception of ShepHertz’s innovations highlighted the growing recognition of AI as a key driver in the sector.

    ShepHertz, known for its scalable cloud-based infrastructure and advanced tools, continues to lead in providing solutions that enhance digital applications and secure data management. Trusted by global companies such as IndiGo Airlines, Reliance Entertainment, Kotak Bank, and Tata, ShepHertz remains at the forefront of technological advancements.

    ShepHertz offers a range of AI-powered solutions through its platforms, including talentanywhere.ai and workAnywhere. talentanywhere.ai (talentanywhere.ai) an AI-powered advanced platform to help candidates, recruiters, enterprises, and contract-to-hire vendors access, evaluate, and find global skills anywhere. workAnywhere (wAnywhere.com) is a future-ready work-anywhere platform that empowers modern organizations to manage and monitor their workforce in distributed environments.


    Mansi Praharaj

  • VOX India unveils Fronto V Black: Revolutionary façade and

    National, 06 September 2024 – VOX India, a leading interior and exterior building material company, is redefining spaces from floor to ceiling with the launch of its innovative new product, Fronto V Black panels. These panels offer an ingenious solution for façades and ceilings, combining robust features with stunning aesthetics.

    As the global demand for sustainable and low-maintenance building materials continues to rise, Fronto V Black emerges as a game-changing solution. The product addresses the growing market need for versatile, durable, and aesthetically pleasing exterior finishes that can withstand diverse environmental conditions while reducing long-term maintenance costs.

    Commenting on the launch, Mr. Varun Poddar (Founder at VOX India), stated, “Fronto V Black represents our commitment to innovation in the building materials sector. We’ve created a product that not only elevates the visual appeal of any structure but also offers unmatched durability and ease of installation. Fronto V Black is set to redefine how architects and builders approach façade and ceiling design; our panels not only enhance the visual appeal of any structure but also ensure long-lasting durability without the need for maintenance.”

    Key features of Fronto V Black include:

    Three-Dimensional Design: Unique profile shape and specially designed joints create an original, three-dimensional panel effect.
    Weather-Resistant: Robust panels that withstand changing weather conditions without maintenance.
    Authentic Wood Aesthetics: Perfect imitation of wood in both colour and structure, with dark joints for added depth and contrast.
    Versatile Installation: Can be installed vertically or horizontally, including use as soffit.
    Wide Colour Range: Available in various woodgrain colours to complement diverse facade designs.
    Maintenance-Free: Highly resistant to mechanical damage and pests, completely waterproof, and requires no sealing or painting.
    Easy Installation: Features the CLICK lock system for secure and rapid façade coverage.
    Thermal Efficiency: Provides ideal covering for thermal insulation with proper ventilation.
    Hurricane-Proof Lock: Enhances panel adhesion and eliminates wind-induced noise.
    Self-Cleaning Structure: Minimizes dirt and dust accumulation for easy maintenance.


    Mansi Praharaj

  • Bank holiday: Banks will be closed tomorrow on Saturday! Know why RBI has declared a holiday on 7 September

    Bank Holiday on Saturday : Banks are going to be closed on Saturday. All public and private sector banks will be closed on 7 September 2024. This time in September, all public and private sector banks of India will be closed for a total of 15 days.

    These holidays also include all Sundays, second and fourth Saturdays. Now banks will be closed tomorrow on Saturday. Know here why RBI has given Wednesday holiday.

    – Advertisement –

    Why has RBI declared holiday on first Saturday?

    Today is the first Saturday of September and on the first Saturday, banks have regular work. That is, banks open on the first Saturday. But due to Ganesh Chaturthi, banks are closed in many states. According to banking guidelines, banks in India are closed on the second and fourth Saturdays of the month and Sundays. Apart from this, banks are also closed on local and national holidays. Normal work is done on the first, third and fifth Saturdays.

    Banks will be closed on Saturday in these states

    This year, banks will be closed in Gujarat, Maharashtra, Karnataka, Odisha, Tamil Nadu, Andhra Pradesh, Telangana and Goa on Saturday, September 7, due to Ganesh Chaturthi. Banks in other states will remain open as usual.

    Ganesh Chaturthi

    Ganesh Chaturthi, also known as Vinayaka Chaturthi, is an important Hindu festival celebrated to worship Lord Ganesha. On this day, idols of Lord Ganesha are installed in homes and public pandals and devotees worship them with devotion.

    Bank Holidays in September 2024

    This month banks will remain closed for a total of 15 days according to the state. There will be holidays in the states on the occasion of Srimanta Shankardev, Ganesh Chaturthi, First Onam, Milad-un-Nabi, Indrajatra, Sri Narayana Guru Samadhi Day, Maharaja Hari Singh Ji’s birthday.

    List of bank holidays in September

    September 14 (Second Saturday) : Karma Puja / First Onam – Banks across the country will remain closed.

    September 16 (Monday) : Id-e-Milad – Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Andhra Pradesh, Telangana, Manipur, Jammu, Kerala, Uttar Pradesh, Delhi, Chhattisgarh, Jharkhand.

    September 17 (Tuesday) : Indrajatra/Id-e-Milad – Banks will remain closed in Sikkim, Chhattisgarh.

    September 18 (Wednesday): Banks will remain closed in Pang-Lhabsol – Sikkim.

    September 20 (Friday): Banks will remain closed in Jammu and Srinagar – the day after Eid-e-Milad-un-Nabi.

    September 21 (Saturday): Sree Narayana Guru Samadhi Day – Banks will remain closed in Kerala.

    September 23 (Monday) : Birthday of Maharaja Hari Singh Ji – Banks will remain closed in Jammu and Srinagar.

    Due to many local holidays in September, banks will remain closed as per the states. Therefore, customers are advised to check the holidays with their local bank branch before visiting the bank.

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  • Fastn wins HP and secures funding round to lead the composable business revolution

    Fastn is enabling businesses to rapidly integrate existing solutions and streamline operations with unprecedented flexibility and efficiency. HP adopts Fastn to enhance operational agility by orchestrating disparate systems addressing critical data accuracy and security needs.

    Austin, Texas, September 6, 2024 – Fastn, is redefining how enterprise approach software application development with its innovative composable architecture platform, announced a $2.6M Seed funding round today. The round was led by LiveOak Ventures and Antler, positioning Fastn at the forefront of enabling composable architecture, with backing from notable investors, including Netlify Co-Founder and MACH Alliance executive board member Chris Bach and Loop Co-Founder Kyle Hency.

    As the digital transformation landscape evolves, Fastn offers a transformative solution to seamlessly compose and connect modular components, setting a new standard for flexibility and efficiency in composable application development.

    “Each era of application architecture has required a new platform to integrate between components,” said Creighton Hicks, partner at LiveOak Ventures. “Composable – or headless – architecture is rapidly gaining mindshare, yet enterprises struggle to adopt it and rely on custom code to connect components. Fastn is uniquely positioned to be this new platform, enabling enterprises to easily adopt composable architecture.”

    The evolution of enterprise IT began with monolithic systems (pre-2000s), where TIBCO led in data integration. While these systems were powerful, they struggled with scalability and adaptability as business demands grew. The 2000s introduced Service-Oriented Architecture (SOA), with MuleSoft’s Platform emerging as a leader in API integration. SOA improved modularity but faced challenges with complex orchestration and limited flexibility. The 2010s saw the rise of microservices, which enhanced application development through API-centric and event-driven designs. However, this approach introduced significant complexity and difficulties in achieving seamless integration and observability.

    Today, composable architecture2 (late 2010s to early 2020s) is being transformed by Fastn. Leveraging AI, Fastn simplifies the process of composing and connecting modular components, focusing on reusability, adaptability, and observability. Instead of custom-building applications from scratch, businesses can now rapidly compose and connect existing solutions, break down silos, and streamline their technology stacks.

    Founded in March 2023, the company launched its proof-of-concept just a few months later and began to speedily acquire early adopter beta users. “Fastn is redefining application development for the modern enterprise,” said Khalid Muaydh, founder and CEO at Fastn. “Our platform transforms the way businesses create and integrate composable applications, offering a flexible and efficient approach. We’re leading the charge in composable architecture, driving the future of enterprise software.”

    Chris Bach, board member at MACH Alliance which offers a check-mark for enterprise-software, commented: “Composability is the future of development, though it comes with its own set of challenges. While it offers tremendous potential, the complexities of orchestration and operation involved can hinder progress if not done right. Fastn’s mission is promising, as it aims to address something that is core for these challenges head-on, simplifying composing applications and enabling developers to focus on what truly matters—crafting exceptional user experiences.”

    Fastn’s no-code/low-code platform makes complex integrations straightforward, enabling organizations to innovate and adapt with unprecedented speed. The ability to orchestrate different data sources together allows Fastn to address real-time data accuracy, which recent research has shown is, alongside data security, one of the top two most important factors for computer users.

    HP, a leading Fortune 100 company, has adopted Fastn’s composable platform to enhance its composable application development process. “Fastn has enabled us to connect our APIs with our customers’ applications and infrastructure, drastically reducing our time-to-market. With Fastn, what used to take weeks and months now takes hours and days” said Gaurav Roy, VP of Engineering at HP. “Leveraging Fastn, we’ve eliminated development bottlenecks and significantly expanded the customer environments we address, connected disparate systems more efficiently, and significantly the scale our application can handle. By white-labeling aspects of Fastn within our UI, we’ve empowered our customers with guided, self-serve capabilities, allowing us to meet their evolving needs.Backed by robust security and SOC-2, Fastn provides enterprise-grade assurance that HP requires to scale securely.”

    Prerna Sharma, general partner at Antler, commented, “Fastn is now positioned to build the defining solution that will change the way engineers compose workflows and orchestrate real-time data, surpassing existing traditional iPaaS solutions.”

    With recent enterprise contracts and growing user base, Fastn is now open for public access, and is inviting developers to start building with Fastn today. In the coming months, Fastn will expand its platform with enhanced AI agent capabilities, empowering users to orchestrate multiple APIs with AI-driven automation.


    Rekha Nair

  • Sensex tanks 1,017 points; investors lose over Rs 5 lakh crore

    Sensex falls 885 points, investors lose over Rs 4 lakh crore

    Indian benchmark indices closed in the deep redIANS

    Indian benchmark indices closed in the deep red on Friday as investors remained jittery ahead of an important US jobs report that could determine the speed and size of US Fed rate cut in the coming days.

    At closing, the Sensex was down 1,017 points or 1.24 per cent at 81,183 and Nifty was down 292 points or 1.17 per cent at 24,852.

    Due to a sharp fall, the market cap of all listed firms on the Bombay Stock Exchange (BSE) declined by nearly Rs 5.3 lakh crore to Rs 460.04 lakh crore. On Thursday it was Rs 465.3 lakh crore.

    In the Sensex pack, SBI, ICICI Bank, NTPC, HCL Tech, Reliance, Tata Motors, ITC, Axis Bank, Infosys, L&T, M&M, Maruti Suzuki, Ultratech Cement and Wipro fell the most.

    Bajaj Finance, Asian Paints, JSW Steel and HUL contributed the most. Selling was seen in all sectors.

    Auto, PSU banks, fin service, media, energy, private banks, infra, realty and FMCG indices were the top losers.

    sensex

    Sensex was down 1.24 per cent at 81,183 and Nifty was down 1.17 per cent at 24,852IANS

    Nifty midcap 100 index was down 946 points or 1.59 per cent at 58,501 and Nifty smallcap 100 index was down 244 points or 1.25 per cent at 19,276.

    Santosh Meena, Head of Research at Swastika Investmart said, “Indian markets witnessed a surprising decline today after consolidating at all-time highs. One key factor could be weaker job data from the US, fueling concerns about a potential global economic slowdown.”

    “Additionally, India’s weight in the MSCI Emerging Markets index has surpassed China’s, reaching its highest level. This raises the risk of a strategic reduction in weight allocation, especially given India’s relatively high valuations,” Meena said.

    The Foreign Institutional Investors (FIIs) turned net sellers on September 5 as they sold equities worth Rs 688 crore, while domestic institutional investors bought equities worth Rs 2,970 crore on the same day.

    (With inputs from IANS)

     

  • FD Rates: Bank of Baroda has increased the interest rates on FD, check interest rate

    FD Rates: Bank of Baroda has given a gift to its crores of customers. Bank of Baroda, one of the country’s largest public sector banks, has increased the interest rates on FDs.

    BOB Bank has increased the interest rate on FDs of some periods by 0.10 to 0.25 percent. The bank has increased the interest rate on FDs of 211 days to 270 days. The bank is offering a maximum interest rate of 7.80 percent. Check the new FD rates.

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    Interest on BOB FD

    7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent

    15 days to 45 days – For general public: 4.50 percent; For senior citizens: 5 percent

    46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent

    91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent

    181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent

    211 days to 270 days – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

    271 days and above and less than 1 year – For general public: 6.50 per cent; For senior citizens: 7 per cent

    333 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.15 per cent; For senior citizens: 7.65 per cent

    360 days (BOB 360) – For general public: 7.10 percent; For senior citizens: 7.60 percent

    1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent

    399 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.30 percent; For senior citizens: 7.80 percent

    More than 1 year to 400 days – For general public: 7 per cent; For senior citizens: 7.50 per cent

    Above 400 days and upto 2 years – For general public: 7 per cent; For senior citizens: 7.50 per cent

    Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent

    Above 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.00%

    Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent

    Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

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  • India surpasses China as largest weight in MSCI EM Index

    sensex

    India pips China to become largest weight in MSCI Emerging Market IMIIANS

    Strong fundamentals have helped India pip China in the MSCI EM Investable Market Index (IMI) to become the largest weight. The world’s fastest-growing economy is also set to surpass China as the top weight in the broader MSCI Emerging Markets index too.

    The MSCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countries. With 3,355 constituents, the index covers approximately 99 per cent of the free float-adjusted market capitalisation in each country.

    Global brokerage Morgan Stanley said in a note that the rising index weight could be a sign of exuberance or “due to fundamental factors such as improving free-float and rising relative earnings of India Inc.”

    “Fundamental factors definitely apply to India and, to that extent, India’s new found position in EM is not a worry,” the brokerage said, adding that India remains its top preference in the EM region, and its second choice in the Asia-Pacific.

    sensex

    SCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countriesIANS

    According to the note, there are several potential triggers for a market correction but are not significant enough to apply the brakes on the bull run in Indian equities. India’s weight in the EM index could have some more distance to travel before it peaks.

    Market analysts said that the Indian economy continues to do well and the macros are improving as indicated by the 47 per cent growth in foreign direct investment (FDI) in the April-June period in FY25, and the steady decline in Brent crude prices to below $73 now.

    There is financial stability and the growth momentum in the economy continues to be strong. Foreign Portfolio Investors (FPI) have pumped over Rs 1 lakh crore into the Indian debt market in 2024 so far due to the country’s inclusion in JP Morgan’s Emerging Market (EM) Government Bond Indices in June this year.

    There are many other reasons for the sharp rise in the foreign inflow in the Indian debt market like a high growth rate, stable government, reduction in inflation and financial discipline by the government.

    (With inputs from IANS)

     

  • India’s Beauty Market Set to Outpace Global Giants

    India's Beauty Market Set to Outpace Global Giants

    IANS

    India is on track to become a global powerhouse in the beauty and personal care market, surpassing other major markets such as China, the US, Japan, and South Korea. A report by online beauty and fashion marketplace Nykaa predicts a growth rate of 10-11% by 2028, taking the market value to $34 billion, a significant leap from the current $20 billion. This growth rate is considerably higher than other countries, with China expected to grow at 4-5%, the US at 2-4%, Japan at 2-3%, and South Korea at 2-3%.

    The report attributes this rapid growth to several factors, including the rise of e-commerce. E-commerce is expected to be the biggest driver of this growth and the fastest-growing segment, with a projected Compound Annual Growth Rate (CAGR) of around 25%. This reflects a shift in consumer shopping preferences and the expansion of online platforms like Nykaa, which have made beauty products accessible to consumers across the country, including those in remote areas.

    nykaa

    IANS

    Another significant factor contributing to the growth of the Indian beauty and personal care market is the increasing aspirations and higher incomes among Indian consumers. This is driving demand for premium beauty products, which are expected to reach $3-3.2 billion by 2028. This trend is fueled by a growing middle class and higher disposable incomes, which allow for more investment in personal grooming and self-expression through premium brands.

    The report also highlights the role of social media in influencing consumer choices and democratizing beauty expertise. With 520-560 million users expected by 2023, social media platforms are playing a crucial role in shaping consumer preferences and trends in the beauty and personal care market.

    However, the growth of the online market is not without its impact on the offline trade sphere. The report indicates that the share of unorganised offline trade channels, which held an estimated 55% in 2023, is expected to reduce to 35% by 2028. This shift suggests a consolidation and formalisation of the market, likely due to the growth of e-commerce and the expansion of organised retail, which is outpacing the traditional, unorganised sector.

  • Reliance Jio brings a great offer! You will get a benefit of Rs 700 on these recharges

    Reliance Jio : On the occasion of its eighth anniversary, Reliance Jio has brought a special offer for its customers. Now you can get benefits of up to Rs 700 on some recharges. This opportunity is for a limited time.

    Jio customers can get benefits of up to Rs 700 by recharging some quarterly and yearly plans between 5th and 10th September. This information has been given on the company’s website jio.com. This special offer gives Jio customers a great opportunity to enjoy the services according to their needs and avail the benefits.

    – Advertisement –

    You will get benefits on these recharge plans:

    These benefits worth Rs 700 are being offered to the customers on recharge plans of Rs 899, Rs 999 and Rs 3599.

    OTT and Data Pack: Rs 175 benefit includes 10 OTT and 10 GB data voucher with validity of 28 days.

    Zomato Gold Membership : Free for 3 months.

    Ajio Voucher: Rs 500 off on purchase of Rs 2999 or more.

    The Rs 899 and Rs 999 plans will offer 2GB of data per day with a validity of 90 and 98 days respectively. The Rs 3,599 plan will offer 2.5GB of data per day with a validity of 365 days. This special plan includes 10 OTT subscriptions and a 10GB data pack with a validity of 28 days.

    Live

    Jio has crossed the 49 crore customer mark in eight years. Now it carries 8% of the world’s mobile traffic. On average, every user on Jio’s network is using 30 GB of data monthly and Jio has 60% of India’s data traffic. Apart from this, from this Diwali, Jio will also offer 100 GB free cloud storage to its users under ‘Jio AI-Cloud Welcome Offer’.

    At the 47th AGM of Reliance Industries, Chairman Mukesh Ambani said that Jio aims to double its revenue and profits in the next 3-4 years. He said that Jio will continue to play an important role in building the country’s digital capacity and infrastructure.

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  • Demat accounts rise to 171 million in August, up 4 million

    DEMAT

    Demat accounts rise to 171 million in August, up 4 millionIANS

    India’s total demat accounts continue to rise, with over four million new ones added in August, as per the depositories’ data.

    National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) data showed that the total number of demat accounts in the country rose by over four million in August to 171.1 million.

    The demat count was boosted by record IPOs in August.

    Last month, 10 companies raised around Rs 17,000 crore via IPOs.

    On average four million demat accounts have been added since 2024, monthly.

    About 3.2 crore demat accounts have been opened in the first eight months of the current year.

    personal finance trading demat nsdl csdl trading shares bse nse sensex nifty closing price index gains losses retail investors numbers results bse nse

    Stock market has given excellent returns to investors in 2024Reuters file

    The reason for opening of demat accounts in large numbers is also new IPOs in this calendar year.

    More than 50 companies have raised Rs 53,419 crore through IPOs from the beginning of 2024 to August 31.

    A study conducted by the Securities and Exchange Board of India (SEBI) said that a large number of investors are opening demat accounts only to participate in IPOs.

    It was reported in the study that almost half of the demats used for IPO applications from April 2021 to December 2023 were opened after the pandemic.

    The stock market has given excellent returns to investors in 2024.

    Since the beginning of this year, Nifty surged about 15 per cent and 27 per cent in the last one year.

    The Sensex rallied by 13 per cent since the beginning of this year and 24 per cent in the last one year.

    The reason for the rise in the Indian stock market is the strengthening of the economy.

    India’s GDP growth rate was 8.2 per cent in the financial year 2023-24, which is estimated to be 7.2 per cent in the financial year 2024-25.

    (With inputs from IANS)