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Mar 2, 2015

FIRESTORM - Annual Mountain Biking Race

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Firefox, a leading name in the premium bike segment in India, organized the 4th edition of its annual mountain biking race, FIRESTORM on 1st of March, 2015. Ireo, the fully integrated real estate organization with a pan-India footprint, served as the title sponsor for the annual biking event. Kick starting at 7 in the morning, the race witnessed cycling novices and veteran bikers battling the rugged terrain of the Manger forest in Gurgaon, for prizes over Rs. 3 lakhs.

Mr. Shiv Inder Singh, Managing Director Firefox Bikes, commented, “We have been organizing FIRESTORM for some years now. Bike-enthusiasts literally wait for this event to showcase their cycling skills while testing their endurance and mental strength. This year’s racing event saw a good turn out and was packed with energy, excitement and enthusiasm of the competing bikers.”

Mr. Pankaj Dugar, CEO Hospitality & Delhi, Ireo commented, “We are highly elated on associating with Firefox’s annual event FIRESTORM as its title sponsor. It was a great pleasure to see such passionate and zealous bikers converge together on one platform. We look forward to collaborating and adding weight to people’s enthusiasm and interest towards sporting events such as these.”

FIRESTORM was held amidst dirt paths where participants had to combat broken rocks, thorny Kikar trees and the occasional appearance of Neelgai and foxes. Going head to head in a multi lap format, the professional racers were required to cover a distance of approx. 42 kms and bike-fanatics had to cross a distance of 29 kms to win prizes of more than Rs. 3 Lakhs.

As pioneers of high performance biking in India, Firefox continues to fuel the passion of mountain bikers to discover their skill to thrill with FIRESTORM.
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Mar 1, 2015

Budget Reaction Quote By Dr Rajeev K Sharma

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Dr Rajeev K Sharma, Senior Orthopedic Specialist & Joint Replacement Surgeon at Indraprastha Apollo Hospital, New Delhi

Dr Rajeev K Sharma, Senior Orthopedic Specialist & Joint Replacement Surgeon at Indraprastha Apollo Hospital, New Delhi says,
"The most notable part of the budget announcements on the healthcare sector is of course on the health insurance front. We have seen people lose their savings, become indebted and bankrupt to meet healthcare exigencies in the family and we as healthcare providers strongly believe that penetration of health insurance should increase in India. In this direction, increasing of the tax exemption for health insurance is a welcome measure.

"Another welcome announcement is about establishment of more AIIMS like institutions. There is also this initiative by the FM about a new scheme of providing physical aids for senior citizens below poverty line. This is encouraging too. But in India, the devil lies in the implementation. We hope these positive initiatives are implemented with speed and effectiveness.

"The budget’s overall emphasis on cleanliness initiatives in line with the Swatch Bharat Campaign seems fresh and positive. I am particularly happy about the target of 6 crore new toilets. This is a major healthcare issue and I happy that in the past few years our public policy and awareness initiatives have started giving this issue its due.
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Brijesh Parnami, CEO, Destimoney Advisors speaks on Union Budget

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Brijesh Parnami, CEO, Destimoney Advisors speaks on Union Budget
The FM has presented the first full year budget.

A big relief for NBFCs is their inclusion under the SARFAESI Act. NBFCs with assets of Rs.500 crore and above have now the opportunity to use SARFAESI Act against wilful defaulters. This was a much needed level playing field required for NBFCs. The NBFC of course should be registered with RBI.

Housing for all objective focussed at year 2022 sounds more rhetoric. However, if implemented seriously, this would mean 6 crore more houses to be built of which 4 crores would be in rural and 2 crore in urban. With the supply going up, this could put pressure on the real estate prices. On the investment side, the FM has encouraged Real Estate Investment Trusts by rationalising the capital gains at the time of exit. This should help unlock funds which could be further used in other projects.

On the whole, This is a positive budget. It is indeed growth oriented. After having relaxed the norms in the earlier budget for individual tax payers, with further relaxations on medical, increase in transport allowance limit etc. the FM has tried to reach out to the middle class. The phased reduction of Corporate tax rates from 30% to 25%, over a period of 4 years, is indeed welcome.

There has been an attempt to focus spends on sectors that have a higher multiplier effect on the economy. The announcement that GST will get implemented from 1st April 2016 should be a great encouragement to the industry. The gold monetisation scheme could help in making the gold market more dynamic in the country. Attempts to strengthen the social security net through Universal Social Security System and Atal Pension Yojana are steps in the right direction. The implementation though needs to be seen.
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Feb 28, 2015

Benefits of Diversity & Ethics at Workplace

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Rajeev Bhardwaj,Vice President heads the Human Resource Department of SunLife Financial Asia Service Centre
Benefits of Diversity & Ethics at Workplace

Rajeev Bhardwaj,Vice President heads the Human Resource Department of SunLife Financial Asia Service Centre

Our workplace is where we spend almost one half of our life. After our home (some would argue, even before), workplace is the focal point around which our lives revolve. In fact, a workplace should be like a second family where every member, no matter what his or her origin or background, must feel at home. It is also a place that should teach its members, who represent it in the outside world, the absolute importance of ethical behaviour.

Why ethical behaviour and respect for diversity is important for a workplace is a subject often talked about. However, very few organizations make a deliberate and concerted effort to imbibe these two values into their blood by formalizing policies around it. Human resource professionals generally tend to be focussed on the short term ahead, target issues of immediate importance like hiring, retaining and placating. Not many reflect the foresight of looking ahead to construct an organizational fabric that cherishes diversity and make ethical behaviour the hallmark of its culture.

In today’s world of free flow of people and brain, work communities can no longer afford to be monolithic. The diversity that people of multiple origins bring to an organization is immensely enriching. The term diversity itself is an all-encompassing term that may be used to refer to the characteristics in individuals which make them all unique and different from each other. Not just race, color, gender, caste or sexual preferences, even individual personality traits add to the diversity of an organization. Some employees will be more adventurous, and advocate risk taking while others may be more cautious and may suggest safer routes. Some may be brilliant in ideation yet lax in implementation; others may be better executors.

The moral responsibility of an organization is to make sure each individual is respected for his or her abilities and not discriminated against for any reason whatsoever. The majority group should not be sidelining or undermining those in minority, men should not exercise an upper hand over women employees, or an employee’s sexual orientation doesn’t become the subject of ridicule! An organization’s work culture should be cultivated to ensure complete assimilation and acceptance so that the environment is congenial for all.

The question of assimilating diversity and using it to advantage is a burning question in many countries of Europe like France, Germany, Cyprus, Sweden etc which have witnessed a huge influx of migrants from across the world. These migrants who are providing valuable workforce to people starved nations are undoubtedly an asset to these countries. Yet, often the growing diversity presents difficulties in the form of cultural differences and preferences leading to arguments. Socially, some of these countries have seen a rise of a radical right in response to an influx of immigrants. In debt-ridden Greece, for example, an anti immigrant radical right party attracted much negative attention across the world when it offered free food to hundreds of struggling people of Athens, but strictly excluded foreigners from their aid programme.

A workplace in some ways is a microcosm of a nation, representing multiple kinds of people all under one umbrella. India is not new to diversity, yet our behavior often reflects tendencies of racial discrimination. The problems faced by people from the north eastern states in Delhi, is a case in point. An organization however should ensure that its employees do not carry such attitude to the workplace or when amongst their colleagues outside workplace. Similarly an organization’s reputation in client and customer circles has got a lot to do with work ethics and moral guidelines followed there. If your organization works by ethics, its reputation is bound to reach places much ahead of it.

An all assimilating work environment enhances productivity: If your workplace has good assimilation policies where people from all backgrounds are treated well, it will have a positive bearing on the total work environment. The more belongingness your employees feel with the organization, the more wholeheartedly they will contribute to it. Having a diversity-friendly set-up therefore helps enhance the productivity of individual employees and the entire organization.

Cultural Diversity Enriches Individuals & the Organization: Diversity doesn’t just bring together apples and oranges; it also brings together their respective cultures, practices, beliefs and work ethics. This amalgamation provides a wonderful cauldron from where new ideas and systems will originate. Working and living in a culturally diverse place is always enriching for individual employees, and it stimulates the thinking and ideation process.

Ethical Practices Mean Happy Customers: Apart from effective result delivery, what customers and clients look for in a service provider is reliability, trustworthiness and honesty. If a client trusts that you will be ethical and morally driven in whatever transactions are conducted, or whatever deals are struck, their trust will substantiate into their willingness for a longstanding and sustainable relationship.. Since, no organization desires to lose business it is imperative to understand that ethical practices help companies retain clients and produce a long-term relationship.

Adherence to Work Ethics Translates Into a Good Image: It is often stated that reputation – both good and bad – precedes a person. The same is true for an organization as well for which a good word of mouth is always desirable. In a world where unscrupulousness tends to be the norm, ethical behavior, in all streams, always impinge positively upon people. If your employees are ethical in dealing with the customers, the clients, and even fellow industrywallahs, this will translate into a good image for the company outside.

Good Reputation Attracts Good Human Resource: While your dealings with customers and clients will determine your image as a service provider; the way your employees, present and former, associate with the organization, will determine your reputation as an employer. A good and enriching work environment is what most people look for, apart from remuneration. This means the organization will attract good human resource from across the industry. There is no doubt about good human resource being a company’s biggest asset.

We at Sun Life believe in acting ethically and fostering a work environment that reflects the vibrant workforce; unique and diverse but having oneness in the way they relate to the organization. We here celebrate the life journey of our employees that is to say, we believe in making the tenure of every employee one of the best days of his life, by ensuring that his/her individuality is respected and no discrimination is there on the basis of caste, creed, religion, place of origin and beliefs or any other aspect for that matter. We have a robust Code of business conduct to guide our employees and also ensure that the managers by virtue of their position act as ethical role models. And because of this diversity of workforce and the emphasis on ethics, Sun Life is now going to complete 150 years: a glorious past and a bright future ahead. That is why we say, ’Life is brighter under the Sun.’
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Post Budget Reaction comment from Insecticides India Ltd.

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Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd
Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd said ,”The Finance Minister has rightfully recognized the stress on agriculture incomes and put emphasis on investing in rural infrastructure. The allocation of Rs. 5,300 crore towards micro-irrigation, watershed development initiatives is a particularly welcome measure.

We all know that a bulk of our population is dependent on the farm sector and the farm sector in turn is heavily dependent on the monsoon. A rainfall deficit always affects the farm sector and the agro chemical industry. This dependence on monsoon should reduce and we need a thrust on building micro-irrigation facilities which is there in the budget.

Another positive scheme that the government has announced is the soil health card scheme that aims to improve soil fertility. We are optimistic about this scheme and believe it will be highly beneficial to farmers. Besides, we also appreciate the budget’s thrust on manufacturing in line with ‘Make in India’.
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Post Budget Reaction comment from Koenig Solutions

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Mr Rohit Aggarwal, Founder and CEO of Koenig Solutions.
Mr Rohit Aggarwal, Founder and CEO of Koenig Solutions said, “We genuinely welcome the budget’s emphasis on giving a friendly environment and financial incentives to business start-ups, especially in the IT sector. The FM has proposed Rs 1,000 crore to help IT start-ups, and support funding needs of small firms. The FM rightly recognized the IT sector as one of India’s leading employers in the services sector. The financial proposal will boost entrepreneurship in the IT sector and create more jobs.

This is a manufacturing friendly budget, very much in line with the ‘Make in India’ thrust. From the point of view of the IT industry specifically, the streamlining of the Special Additional Duty will pave way for local manufacturing benefits to some IT products.

Overall, it is a positive growth friendly budget that gives the right direction to the economy by giving incentives to business, infrastructure and manufacturing. The proposal to reduce corporate tax from 30 % to 25 % for the next four years will give a healthy boost to spending, business and employment generation.
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FM presents Union Budget in Lok Sabha

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Union Budget in Lok Sabha
Finance Minister Arun Jaitley presented the second Union Budget of NDA coalition government in Lok Sabha today. He reached Lok Sabha ten minutes earlier and met all the opposition leaders in the lower house.

As usual, the budget presentation started at 11 am by the minister. In his address, finance minister said that Indian economy has been one of the fastest growing economies in the world. The economy is likely to achieve the growth rate of 8 per cent in the current fiscal year. Highlighting the macro economic data, the minister said that headline inflation has been moderating and the fiscal deficit declining as well. However, manufacturing sector is the major concern for the economy, but the good news is that, it is revived from the negative steam and moving up. 

Minister praised the government’s policies – Jan Dhan Yojna, Swatch Bharat and Mahatma Gandhi Rural Employment Gurantee Scheme. In the budget, Rs. 5,000 crore additional allocation has been made for MGNREGA.

Other Highlights:

  • Abolition of Wealth Tax.
  • Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
  • Rate of corporate tax to be reduced to 25% over next four years.
  • No change in tax slabs.
  • Total exemption of up to Rs. 4,44,200 can be achieved.
  • 100% exemption for contribution to Swachch Bharat, apart from CSR.
  • Service tax increased to14 per cent.
  • Rs. 25,000 crore for Rural Infrastructure Development Bank.
  • Rs. 70,000 crores to Infrastructure sector.
  • AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
  • Centre of film production, animation and gaming to come up in Arunachal Pradesh.
  • IIM for Jammu and Kashmir and Andhra Pradesh.
  • Allocation of Rs. 2,46,726 crore; an increase of 9.87 per cent over last year.
  • DBT will be further be expanded from 1 crore to 10.3 crore.
  • Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace, Varanasi, Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new tourism scheme.
  • Permanent Establishment norms to be modified to that mere presence of offshore fund managers in the country does not lead to “adverse tax consequences.”
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Feb 27, 2015

NewsX presents ‘Vision 4G LTE’

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NewsX presents ‘Vision 4G LTE
In a special initiative, NewsX presents ‘Vision 4G LTE’, a 3-part series, Presented by Gionee and Powered by Uninor. The series will bring together Thought Leaders, Government Bodies and Industry Stalwarts from the public and private sector to explore and discuss ideas and strategies to implement 4G LTE in India for the growth of telecom sector and to set the roadmap for the future.

Second episode of this exclusive documentary on NewsX, will give an in-depth insight into the world of 4G-LTE in terms of prospects, technology and challenges in its roll out with an overview of measures to address these issues. Industry experts from the telecom sector speak and lay out the plan for 4G LTE implementation in India. Besides, this episode will also give the viewers a sneak peek into the 4G LTE Telecom Conclave which would be aired on 1st March at 7:00 pm, as a culmination to this special series.

Watch the second episode of this special series on 27th February, Friday @ 7.30PM and repeat 7th March, Saturday @7.30PM and Telecom Conclave, Ground event telecast on 1st March, Sunday @ 7PM and with a repeat on 8th March, Sunday @ 3PM, only on NewsX.

About iTV Network:

iTV Network is India’s fastest growing news network. With two national news channels, four regional news channels, two newspapers and various digital assets, it has a reach of 91 million viewers and readers on a regular basis. NewsX, the National English News Channel of the network, has been a trend setter in the English news genre with its crisp format, direct reportage, pointed debates, trending hash tags and engaging mix of stories. In a short span of time, India News the leading national Hindi News Channel of the network has emerged as a leader in the most competitive genre, winning the trust of the Hindi News viewers. India News UP & Uttarakhand, India News Rajasthan, India News Madhya Pradesh & Chhattisgarh and India News Haryana have further strengthened the channel’s dominance in these Hindi speaking regions. The Sunday Guardian is the finest Sunday Newspaper by the network that is sought after by country’s discerning readers for its engaging content and innovative format. The group also publishes Aaj Samaj, a popular Hindi newspaper that caters to the informed readers in Delhi National Capital Region and the state of Haryana. With its innovative approach, extensive research and unbiased outlook, it has managed to stand out in the cluttered landscape. iTV Network is going through an expansion phase and aims to emerge as the biggest independent news network in the country.
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Feb 26, 2015

Aditi Vikas from FIITJEE is a STATE TOPPER in NTSE 2015

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New Delhi, 25 February 2015: ​​87.69% result of Delhi State in NTSE Stage-I, has been captured by classroom program students of FIITJEE. Total 57 out of 65 students from FIITJEE’s long duration classroom program, have demonstrated exemplary scholastic brilliance to qualify in National Talent Search Examination (NTSE) 2015 from Delhi State.

NATIONAL TALENT SEARCH EXAMINATION is the most prestigious scholarship exam for students. The examination was coordinated by the National Council of Education Research & Training (NCERT), Delhi .FIITJEE as an institute has the highest success in any Schooling Program available anywhere across the country.

​​Aditi Vikas is declared as STATE TOPPER and has scored 137 marks out of 140 marks in MAT & SAT. Exuberant with the joy of success, Aditi says “the competition was very tough indeed and it was a battle of brains, where concept and reasoning were the keys to answer the questions in limited time. Qualifying in this kind of exam warrants rigorous practice and I am immensely thankful to my faculty at FIITJEE for raising my IQ to such competitive level through the study materials, doubt-clearing sessions and personalized guidance, which have been one of the notable reasons of my success this far.”

He further added that he would like to join IIT and later, complete PHD with an objective to contribute to the future of science. Other successful students are Lakshya Saggi (Rank 2), Ananaye Agarwal (Rank 3) and Aproov Singh (Rank 4).

​​Aditi Vikas
The result of State Level National Talent Search Examination - 2015 (Stage-I) for class X which was held 2nd November 2014 has been announced on 19th February 2015.

These students have been qualified to appear in the second stage of NTSE -2015, which is to be conducted by NCERT, Delhi on 10th May this year.

NTSE exam is conducted every year for class 10 students and is extremely popular scholarship examination among the bright and talented students of the country. This scheme was initiated in the year 1963 by Government of India to bring up qualitative improvement in the school education.

One change in the scheme was made in the year 2006 wherein the NTSE examination was held at the end of Class VIII. Another change in scheme was made in the year 2012 with NTSE being held for class X students.

FIITJEE is the nation’s premier institute for IIT-JEE training. FIITJEE believes that the ideal time for nurturing and enhancing the IQ of children is when they are in class VI, VII & VIII grade. It is with this belief that FIITJEE started imparting training to develop the nascent raw intelligence of the students from class VI onwards.
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Feb 24, 2015

AIS - Enabling a future to see more

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Asahi India Glass Ltd.
Asahi India Glass Ltd. (AIS) is India's leading integrated glass Solutions Company and a dominant player both in the car and building glass segment. It commands over 70% share in the Indian car glass market. Established in 1986, AIS' footprint today spans the entire spectrum of the automotive and architectural glass value chains. It is a sand-to-solutions organization with products & services for institutional buyers as well as retail customers, including:
  • Automotive glass products: Laminated windshields, tempered back and door glass and value-added glass
  • Architectural glass products: Clear & tinted glass and a range of value added solar control & heat-reflective glass, mirrors, frosted & lacquered glass
  • Windshield Experts: India's first and largest automotive repair & replacement network with 51 specialist centres located in 28 cities across the country
  • Glasxperts: India's only provider of lifestyle solutions in glass whose offerings span Privacy, Aesthetic, Window, Security, Acoustic and Energy-efficiency solutions
  • 4G Solutions: A comprehensive bouquet of solutions that includes consultation services, glass selection & processing, and glass integration, installation and service
  • AIS VUE: A range of uPVC window solutions that includes Silent VUE - Noise cancelling windows, Guard VUE - Burglar-resistant windows, EcoVUE - Energy saving windows, Safe VUE - Safety glass windows and Custom VUE - Customised benefit windows.
The Company's origin can be traced to the JV agreement between the Labroo family, Asahi Glass Co. Ltd. (AGC), Japan and Maruti Suzuki India Ltd. in 1984. As promoter group, the three entities jointly hold about 55% of paid-up equity capital of AIS with the balance 45% being held by the public.

Befitting its status as the leading integrated glass company in India, AIS is synonymous with best in class quality and service in the Indian glass industry due to its people, technology, engineering capability, manufacturing scale and skill. Listed on the National Stock Exchange and Bombay Stock Exchange, AIS epitomises the highest standard of transparency, integrity and most importantly, trust - amongst its customers for whom AIS is a partner of choice, its employees and other stake holders.

Today, more than ever, AIS is driven to market-leading innovations providing the right blend between daylight and energy saving, visual and thermal comfort, technology and sensitivity, enabling an age of Green Buildings and supporting a truly sustainable future.
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