WEB NEWS

  Supporting dramatic growth of the Indian RPO market by Suman Gupta  Delhi, India, April 25, 2017:  Pontoon, the global leader in total talent solutions, has today opened a new office in Bangalore, India, to support the business as it continues to scale and grow with its existing clients, as well as to drive an aggressive new client acquisition trail. Pontoon has been operating in India for more than five years, servicing local and regional business needs. They currently have 50 employees, but this is set to grow to approx. 200 in the next 18 to 24 months. “Our expansion plans are in response to a shift we have witnessed in the India market, away from transactional, short-term, execution-only engagements towards a total talent, solutions based demand from our clients and prospects,” commented  Rishi Kapoor, Managing Director of APAC, Pontoon . “As the workplace evolves, organizations are better understanding the advantages of working with a partner to ...

True to its brand ideology, Rag Rag Mein Daude City, Radio City takes award winning initiative Candy Class to Pune   Radio City teaches spoken English to underprivileged children in Pune  by Suman Gupta  Pune, 25.04.2017:  In a first of its kind innovation, Radio City’s award winning campaign Candy Class that won   The RADIO GRAND PRIX at Spikes Asia 2016, today entered its second season in Pune. After a successful first season in Mumbai last year, Radio City partnered with candy vendors yet again, to impart spoken English lessons to the underprivileged children in and around Zed Bridge near Deccan area in Pune. Hosted by RJ Shonali, in 20 minutes of uninterrupted airtime, Candy class aims at imparting a crucial life skill to these children who are asked to listen to Radio city every Sunday at 4 pm in exchange of free candy.  Radio City 91.1FM in association with Grey worldwide together has curated this campaign. Candy vendors on bicycles who vi...

Belgian Economic Mission in Mumbai at the occasion of Brussels Airlines’ New Route to Brussels by Suman Gupta Mumbai, 25 April 2017 –  Since end of March, the Belgian leading airline Brussels Airlines connects Mumbai’s Chhatrapati Airport to Brussels Airport 5 times a week with a direct flight.   On Monday, Bernard Gustin, CEO of Brussels Airlines, and a delegation of Belgian companies led by Secretary of State for Foreign Trade Pieter De Crem, arrived in Mumbai on an economic mission to underline the importance of the route and the relations between India and Belgium.  On 30 March, Brussels Airlines was connected to Mumbai Chhatrapati Airport for the first time since the route was abandoned last year. There was a high demand from various industries (pharmaceutical, diamond, maritime, industry, amongst others), from leisure travelers and cargo forwarders to reinstate a direct service. Brussels Airlines now offers a smooth link to the European Capital 5 times a w...

Eicher Trucks and Buses Launches New BS-IV Pro 5000 Truck Series Eicher Pro 5000 series is a new range of trucks powered by the E694 engine with i3 EGR technology from Volvo Group’s EMS 3.0, tough and robust aggregates and Intelligent Driver Information System. by Suman Gupta Mumbai, April 25th 2017 :  Eicher Trucks & Buses, part of VE Commercial Vehicles Limited, has launched Eicher Pro 5000 series today – a brand new range of heavy duty trucks from 16T to 40T with BSIV technology. With the launch of this advanced technology trucks range at competitive prices, Eicher Trucks and Buses plans to strengthen its presence in the heavy duty segment and this reinforces our vision of driving modernization in the commercial transportation. Eicher Pro 5000 series is a new range of highly durable BSIV trucks designed and developed to deliver unmatched reliability through highly efficient E694 engine with i3 EGR technology from Volvo Group’s EMS 3.0, tough and robust aggreg...

by Suman Gupta National, April , 2017: India has the distinction of being the home of the world's largest number of blind people. According to a WHO report for India, 12 million people were reported to be blind and this figure continues to go up by 30,000 every year. Considering the scenario, Harsh Goenka-led RPG Foundation launched an eye-care intervention initiative Netranjali in 2014-15. The programme has reached out to almost 3 lakh people across the country to help diagnose vision-related problems in a span of less than three years. The foundation has conducted over 2500 extensive eye check-up camps in over 50 cities and towns including Mumbai, Kolhapur, Nasik, Pune and Nagpur in Maharashtra; Ahmedabad, Halol, Rajkot, Surat, Koteshwar, Bhuj and Banaskantha in Gujarat; Bhubaneswar in Odisha; Bengaluru, Mysore, Chennai and Hubli in Karnataka; Jalandhar in Punjab; Delhi; Faridabad in Haryana; Kanpur, Meerut, Varanasi, Lucknow and Noida in Uttar Pradesh; Kolkata an...

by Suman Gupta Hexaware’s Mar’17 quarter results are quite strong with a 4.1% QoQ US$ revenue growth, much ahead of both street/our estimates. EBIT margins at 15.3%, are a tad better than estimates despite currency appreciation and reflect potential benefits from growth leverage. The company has reaffirmed its CY17 revenue guidance of double digit growth (company guided for a 10-12% growth for the year in Feb ’17) , which is decent relative to peers and continues to lend confidence to our sectoral thesis of Tier II companies seeing an uplift in operational/financial performance as client spending environment normalizes in CY17/FY18. We currently have an ACCUMULATE rating with a TP of Rs 240. At CMP of Rs214, stock trades at 12.6/11.4x CY17E/CY18E P/E based on our EPS estimate of Rs16.8/18.8 for CY17/CY18E respectively. We do not see any material changes to our above consensus’ estimates for CY17/18. Mindtree and Hexaware are our top picks in the Tier II coverage universe as we ...