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Friday, January 30, 2026 12:03 PM

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Tredence expands its presence in India with new AI delivery and R&D centres.

Tredence Inc, a leading data science solutions provider, today announced the opening of delivery centres in Bengaluru, Gurugram, and Chennai, which will be operational by May 2022 and have a total capacity of 1400 seats. Through the new delivery centres, the company will provide advanced analytics, data engineering, and data science solutions to retail, CPG, TMT, industrial manufacturing, and healthcare clients around the world. Tredence has been expanding its Bengaluru, Chennai, and Gurugram offices by hiring engineering graduates, lateral recruits, and domain specialists. In the last year, the company has doubled its talent pool and now employs over 1600 people. This year, the company expects to hire another 500 people, increasing the total number of employees to nearly 2100 by the end of the year. The new centres, which use a hybrid flexible work model, can accommodate approximately 1400 employees, making them the company’s largest employee base. “Expanding our reach into new talent markets is a critical component of our growth plan. We plan to do so by constantly looking for top-tier talent in new regions and partnering with premier institutes like IIT Madras to focus on training and talent development. Through ASTHA (our hire, train and deploy model), we assist employees specializing in legacy technologies to modernize by providing them with data science and data engineering opportunities. Opening new offices and extending our presence in Bengaluru, Gurugram and Chennai is making strides in these directions,” said Shub Bhowmick, chief executive officer and co-founder of Tredence. “Expansion and addition of new India delivery centres signifies an exciting chapter for Tredence as we continue to build ground-breaking data science solutions for global industries. Setting up new delivery and talent centres in India reflects the momentum we are experiencing in the market and aligns with our growth imperatives. Bengaluru, Chennai and Gurugram offer a perfect springboard for tech companies looking to strengthen AI innovation and distributed agile delivery models,” said Harish Gudi, chief operating officer of Tredence. Beyond Possible is the company’s new brand identity and strategy, which reflects the company’s new go-to-market strategy and increasing emphasis on vertical-specific data science solutions.

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The combined PVR-Inox pipeline has 2,000 screens and is expected to double in the next 7 years

Inox Leisure and PVR, which announced their merger last month, have a combined pipeline of 2,000 screens and plan to double that number in the next seven years with an investment of Rs 4,000 crore. In a Business Update Conference Call with investors after announcing the merger, Inox Leisure Director Siddharth Jain stated that the merged firm would invest capex of Rs 2.5 crore per screen as part of their expansion. PVR and INOX Leisure announced a merger on March 27 to form the country’s largest multiplex chain, with over 1,500 screens, to capitalise on prospects in tier III, IV, and V cities as well as developed markets. The combined entity will be known as PVR INOX Ltd, with existing screens continuing to be branded as PVR and INOX, respectively. PVR INOX will be the name of new theatres that operate after the merger, the firms said on March 27. “We have almost 2,000 screens in our pipeline combined,” Jain said in response to a question on the combined entity’s screen count. “Our stated goal is to double our size in the next seven years, which will require at least Rs 4,000 crore in CAPEX (capital expenditure) over the next seven years.” However, he added that only about 50 of the 2,000 screens may be competing with one another. “Even mall owners would not put it up across the road from each other because they know there is really no point doing that, and we have not looked at it that deeply, yet to see whether there are any places, which we may not go ahead with. We have not dug that deep into it,” Inox Leisure shared a transcript of the conference call with the bourses on Monday, quoting Jain. The new screen addition will be diverse and across tiers, he added. “It is not that we want to take the movie only to certain Indians. We want to take it everywhere wherever we have potential and there is a market,” Jain added. PVR has 871 screens spread across 181 locations in 73 cities, whereas INOX has 675 screens spread across 160 locations in 72 cities. According to the agreement, INOX will merge with PVR in a share swap ratio of 3 PVR shares for every 10 INOX shares. Following the merger, INOX promoters will join the existing PVR promoters as co-promoters in the merged entity. PVR promoters would own 10.62 percent of the merged firm, while INOX promoters will own 16.66 percent, according to the statement. Source: PTI

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SEBI sets up committee to strengthen governance of stock exchanges, other market institutions

SEBI, the capital markets regulator, set up a committee on Monday to review and make recommendations for improving governance norms at stock exchanges and other market infrastructure institutions (MIIs). The news comes amid allegations of corporate governance failures at the NSE, with various issues surfacing following a SEBI order revealing the presence of a ‘Himalayan yogi’ who influenced the exchange’s previous MD and CEO Chitra Ramkrishna’s decisions. Apart from that, Ramkrishna had discussed with the yogi various internal confidential information, including as the NSE’s financial and business strategies, dividend scenario, and financial outcomes, and even consulted him on the exchange’s employee performance appraisals. According to a statement, G Mahalingam, a former whole-time member of SEBI, would chair the six-member committee. MD and CEOs of stock exchanges NSE and BSE, as well as depositories NSDL and CDSL; J N Gupta, MD of Stakeholders Empowerment Services; Aarti Nihalani, Partner, Oliver Wyman; Sandip Bhagat, Partner, S&R Associates; and Uttam Bagri, former chairman, BSE Brokers Forum are the other members of the committee. The committee’s mandate includes offering recommendations on how to increase the role of MIIs’ governing boards and committees. In addition, the panel will examine the requirements for the appointment, role, and responsibility of board directors and Key Managerial Persons (KMPs), as well as the development of appropriate metrics for monitoring various aspects of MII and KMP operations. The committee will also improve accountability and transparency, evaluate the policy on the safekeeping and sharing of information held by MIIs, and revisit the governing board’s and KMPs’ codes of conduct and ethics. Source: PTI

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Siemens Healthineers expands manufacturing footprint in India with new line of CT scanners

Siemens Healthineers has announced that its manufacturing facility in India will be expanded. The company has launched a new production line (plant) for computed tomography scanners at its Bengaluru facility in order to accelerate the growth of the medical devices industry in the country. Medical devices have been chosen by the Indian government as a priority area for the flagship ‘Make in India’ programme. The Department of Pharmaceuticals launched a Production Linked Incentive (PLI) scheme with the goal of boosting domestic manufacturing and attracting major investment in the Medical Device sector. Siemens Healthineers’ new production line in Bengaluru has been approved under the PLI scheme’s Radiology and Imaging Medical Devices segment. Siemens Healthcare Private Limited, with a committed investment of 91.9 crore for the manufacture of computed tomography and magnetic resonance imaging, is one of the approved applicants for the PLI scheme. “We strongly believe in India’s growth story. The investor-friendly initiatives of the Government of India will give a fillip to the Indian Medical Device industry and the healthcare sector at large. Commencing operations of the new CT scanners production line is our first step in culminating the vision into a reality. It will go a long way in our quest of improving access to high-quality healthcare for all,” said, Vivek Kanade, Managing Director, Siemens Healthcare Private Limited. The PLI scheme, which has been bolstered by the Government of India’s (GoI) investor-friendly efforts, has provided the necessary momentum to India’s ambition of becoming a worldwide manufacturing hub for medical devices. Source: Economic Times  

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UP CM launches ‘School Chalo Abhiyan’, eyes 100% enrolment in primary schools

Yogi Adityanath, the Chief Minister of Uttar Pradesh, launched the ‘School Chalo Abhiyan’ on Monday, with the goal of achieving 100% enrolment in primary and upper primary schools across the state. “We have to give special emphasis on basic education. The campaign is being launched after two years due to the COVID-19 pandemic. It may happen that the children, who did not go to school, might be feeling lazy to return. But we have to ensure that no child is left out and all should be admitted to schools,” Adityanath said while addressing the gathering. According to him, 1.34 crore students were enrolled in basic education schools in 2017, and the scenario was “awavastha aur arajakta” (mismanagement and anarchy). The chief minister stated that the lack of basic amenities such as mid-day meals, toilets, drinking water, furniture, and smart classes “increased the dropout rate more than admissions.” According to Adityanath, the number of students in schools climbed to 1.80 crore in three years (till 2019), and students received free books, two uniform sets, shoes, socks, and sweaters as a result of the state government’s efforts. He urged everyone, including officials and public representatives, to join ‘Operation Kayakalp,’ which aims to give schools a facelift, and to adopt a school to offer basic facilities. He said that all activities had been halted owing to the coronavirus shutdown in 2020, which he said had primarily affected schools. “Now all activities have resumed. The Covid management of country was hailed worldwide. We have administered over 30 crore vaccines. We are providing free tablets and smartphones to students,” the chief minister said, adding that education was the only way to bring about change in society and strengthen the country. He stated that the initiative will last for the next month, with the goal of reuniting every student with their school. According to an official statement issued on Sunday, the chief minister had previously told officials that districts with low literacy rates should be prioritised, and primary schools in the state should be equipped with improved facilities. According to the statement, the ‘School Chalo Abhiyan’ will begin in Shravasti district, which has the lowest literacy rate in the state, followed by Bahraich, Balrampur, Badaun, and Rampur. All government schools must also provide students with essential amenities such as toilets, drinking water, furniture, and smart classes, according to Adityanath. Under the ‘Operation Kayalalp,’ departmental authorities must launch a campaign to engage with alumni (of government schools) and private enterprises to improve state-run schools, he said. The basic education department has also been given orders to prepare for the ‘Abhiyan’ and ensure that teachers are deployed in all state-run schools, according to Adityanath. Source: PTI

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GST rate for COVID-19 medicines pegged at 5% GST: Govt

Since the beginning of the pandemic, COVID-19 medicines and instruments have been sold at a GST rate of 5%, while other medicines have been sold at a GST rate of between 5% and 12%, according to Union Minister of State for Finance Pankaj Chaudhary, who spoke in the Lok Sabha on Monday. The central government, according to Chaudhary, manages 66% of the country’s government-sponsored health insurance plans. “When the COVID-19 pandemic started, it was decided to sell all drugs at a GST rate between 5 and 12 percent, and the GST rate for COVID-19-related medicines and instruments was reduced to 5%,” he stated during Question Hour. According to the minister, the GST rate for health insurance is 18 percent, which is in line with international standards and comparable to the pre-GST period in the country. Senior citizens can get a tax rebate of up to Rs 1 lakh on health insurance premiums, according to him. According to Chaudhary, the GST Council, which is a constitutional body comprised of the Union Finance Minister and ministers nominated by respective state and union territory governments, prescribes GST rates and exemptions on all services (including GST on health insurance premiums). “At present, Goods and Services Tax (GST) on health insurance services is levied at standard rate, i.e., 18 per cent. Specific health insurance schemes catering to the needs of economically weaker sections of the society and differently abled, such as Rashtriya Swasthya Bima Yojana (RSBY), Universal Health Insurance Scheme, Jan Argoya Bima Policy and Niramaya Health Insurance Scheme are fully exempt from GST,” he said. Healthcare services, he added, are also excluded from the GST. The GST Council received representations to lower the GST on health insurance in its 31st meeting on December 22, 2018 and its 37th meeting on September 20, 2019. According to him, the GST Council did not offer a recommendation for a reduction in GST. Source: PTI

GST rate for COVID-19 medicines pegged at 5% GST: Govt Read More »

If society slips in recognising abilities of girls, it can never progress: PM Modi

Prime Minister Narendra Modi urged society on Thursday to treat sons and daughters equally and to treat them as equals, claiming that if a society fails to recognise girls’ skills, it will never grow. PM Modi made these statements while responding to a question during a “Pariksha Pe Charcha” interaction with students, noting that things have evolved since a time when prejudice between males and girls was evident. In terms of new students, girls are expected to outnumber boys, he said, adding that every Indian may now be proud of the spirit and aspirations of girls. “Now, girls have become a big asset and strength for every family. The more this change occurs, the better it is,” he said. He noted that there was a time when many parents believed that their limited resources should be spent on sons so that they can take care of them later because they expected their daughters to not work and instead settle down in their in-laws’ house, but that while such a mindset still exists in some places, things have largely changed. In society, sons and daughters should be treated equally. “It’s a requirement of this era.” It is a requirement of every era,” the prime minister added, citing prominent female figures such as Ahilya Bai and Lakshmi Bai for their contributions to respective areas. He believes that equal opportunities for girls should be institutionalised, noting that they thrive in a variety of professions, from sports to science. He says that there are more women in parliament now than ever before, and that their numbers are growing in the police and security forces. He also says that girls consistently outperform boys in board exams. While women hold half of the elected panchayat seats in Gujarat, they have also been winning general seats, demonstrating society’s faith in their talents, he said. Modi also mentioned the enormous number of women working in the nursing and teaching areas, and joked that males might stage a rally demanding that their quotas be fixed. “If boys and girls are given an equal opportunity, then the latter may do better,” he said. According to the prime minister, he has witnessed daughters who do not marry in order to care for their parents, as well as parents who live in old age homes despite their sons leading a wonderful life away from them. Source: PTI

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India’s richest state Maharashtra to lift mask mandate from April 2

After a sharp drop in the number of active cases and deaths from COVID-19 in recent days, Maharashtra, India’s richest state and home to the country’s financial capital Mumbai, will make wearing masks optional starting April 2. Masks had previously been required in all public locations in the state to prevent the spread of the coronavirus. On Thursday, Maharashtra’s health minister Rajesh Tope stated, “Wearing masks (will) not be compulsory, but people can wear one if they want.” By April 2, all restrictions on public venues, such as hotels, weddings, gyms, and buses, as well as the requirement to be twice vaccinated to enter public places, would be eliminated, according to Tope. So far, India has given out at least 1.84 billion doses of coronavirus vaccine. According to the Reuters COVID-19 tracker, assuming that each individual requires two doses, that would be enough to vaccinate 67.3 percent of the country’s population. Tope stated, “This will help people in celebrating upcoming festivals.” Source: Reuters

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Airtel, Tech Mahindra partner to co-develop, market 5G use cases

Bharti Airtel and Tech Mahindra announced in a joint statement on Thursday that they will co-develop and market 5G use cases in India, as well as establish a collaborative 5G innovation centre to generate ‘Make in India’ use cases for the Indian and global markets. The firms will work together to create and commercialise breakthrough enterprise-grade digital solutions in areas including as 5G, cloud, and content delivery networks, as well as customized enterprise-grade private networks, which will be at the heart of the digital economy. Automobiles, aircraft, ports, utilities, chemicals, oil and gas will be their initial focus, with plans to expand to other industries in the future. “Airtel and Tech Mahindra have a shared vision of supporting the growth of India’s digital ecosystem. With proven technology capabilities and deep customer trust enjoyed by the two brands, we believe this is a win-win partnership,” said Ganesh Lakshminarayanan, CEO-enterprise business, Bharti Airtel. “5G ecosystem will unlock immense opportunities for industries across sectors to improve productivity and enhance customer experience through digitally powered new-age platforms and solutions. We are excited to partner with Airtel to provide innovative and cutting-edge solutions for enterprise customers,” said Manish Vyas, president, communications, media and entertainment business, and CEO, network services, Tech Mahindra. This cooperation is focused on bringing next-generation services to the Indian market by enabling transformation via network, cloud engineering, and customer experience, according to Tech Mahindra’s NXT.NOWTM framework. In India, Airtel has been in the forefront of 5G demonstrations and testing, while Tech Mahindra has created world-class 5G applications and platforms. The news comes after rival Vodafone Idea announced a cooperation with L&T Smart World & Communication earlier this week to establish a use case for a private 5G enterprise network in India.

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Dearness allowance for central government employees hiked by 3%

The dearness allowance (DA) for Central government employees is finally being amended after more than a year and a half of delay. Following ratification by the Union Cabinet, the DA will increase by 3% beginning April 1, 2022. As a result, the DA for Central government employees would now be 34% of their base income. The dearness allowance is the government’s approach of assisting its employees in coping with rising prices and protecting them from inflation’s negative impacts. Employees’ DA fluctuates based on whether they live in metropolitan areas, semi-urban areas, or rural India, since the effect of inflation varies from place to place. All Central government employees and pensioners would benefit from the increase in DA and dearness relief (DR). The rise follows the formula suggested by the Seventh Central Pay Commission, and it goes without saying that it will put more strain on the government’s finances. Every year, more than Rs 9,000 crore will be spent on DA and DR payments. Over 47 lakh Central government employees and 68 lakh retirees will benefit from this. This increase had been postponed due to the pandemic. After a long interval, the DA and DR for Central government personnel were raised to 28 percent in July of last year, up from 17 percent previously. In October of last year, another three percent increase was announced, bringing the DA and DR to 31% of basic salary.

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