Monday, 21 August 2017

Symposium on RERA & GST addressed concerns

Advocate Parimal Shroff speaking at the TREK symposium

10th August 2017, Mumbai: A session organized in the city by TREK (The Real Estate Kings) witnessed unprecedented crowds and a packed auditorium. The recently inaugurated laws affected realtors, brokers, architects, bankers, construction contractors and vendors, investors, housing finance companies, NBFC’s, etc. It also witnessed presence of chartered accountants, company secretary, real estate advocates, interior designers, real estate associations, broker associations, surveyors and wealth managers who directly or indirectly are in business with the real estate industry. Advocate Parimal K. Shroff of Parimal Shroff & Co. and Advocate Anil Harish of D.M. Harish & Company spoe about RERA whereas C.A. Ravikumar Yanamandra of Ernst & Young spoke about GST.

Advocate Shroff who practices in Constitutional, Corporate, Civil and Property Law has a large practice in property related matters. Mr. Shroff has also drafted The Maharashtra Infrastructure Development And Support Act (MIDAS) for the Government of Maharashtra and the same is in the advance stage of being introduced by the Government of Maharashtra. Speaking on the occasion he said “RERA is a fabulous initiative and it will be a win-win for all the stake-holders.”

Advocate Anil Harish is a Partner of the Law Firm, D. M. Harish & Co. said; “The Real Estate Regulation Act is all set to bring in transparency into the Real Estate Sector. It is a milestone for the Indian Real Estate Industry. The act is bound to forge a symbiotic relationship between the discerning home buyers and genuine real estate developers. Specialized regulation and enforcement ensures consumer protection and fraudulent activities like money trail and curbing money laundering. The bill promotes transparency and fair and ethical practices, through disclosure of project details and contractual obligations between the project and the buyer.”

Ravikumar is a Director in the Indirect Tax practice of Ernst & Young and focuses on clients in the Industrial, Infrastructure and Consumer Sector. He specializes in providing services to clients in the Real Estate, Construction, Pharma, FMCG and Manufacturing Sectors. Speaking at the occasion he said, “A simple single rate tax structure of 12% for home-buyers is a welcome move along with reduction in paper-work. GST will also help cut cash component in construction as products have to be sourced from registered vendors to get input tax credits.”

Mr. Avinash Khater, who’s the chairman of TREK  a group of 69 Highly Professional, Ethical & Experienced Realtors of Mumbai comprising of the ‘Movers-and-Shakers’ in the real-estate consulting business said; “The real estate sector is the second largest employer in the country after agriculture and ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. The housing sector alone contributes 5-6 per cent to the country's Gross Domestic Product (GDP). GST & RERA will surely bring in the boost within the Real Estate sector through their progressive and diversified roles. We at TREK plan to promote regular knowledge sharing sessions like these”

Ganpati Collection by shazé



The first-of-its-kind premium lifestyle brand, shazé launches their latest collection dedicated to Lord Ganesha on the pious occasion of Ganesh Chaturthi. The divine aura of the almighty emanates through these unconventionally designed idols.

Enhance the experience of festive celebration of Ganesh Chaturthi by inviting home these opulent masterpieces by shazé.

The Tranquille: Capturing the magnificent form, ‘The Tranquille’ communicates the positive attitude to relax and let go of the past. The reclining posture of the form accentuates the need for peace. The tranquillity within Lord Ganesha’s form is emphasised through strong artistic lines while different positions of his feet symbolize singular concentration on divine goals recognizing the reality of the world.

The Acuity: Designed in the shape of a witty kid, ‘The Acuity’ reveals a perfect balance between childish humour and absolute knowledge. The human body in his form symbolizes the mischievous self as well as the innocent indulgence in pleasure. The conspicuously bigger head establishes the necessity of knowledge and wisdom over immature mortal preferences.

The Orison: Embossed with a powerful shloka and sculpted out in artistic lines, the trunk gives eminence to the form of ‘The Orison’. The ornate trunk symbolizes his power to overcome all kinds of obstacles, massive or trivial. The symbolic prayer on the trunk is an inspiration to pray for obstacle-free path without stopping.

Price: Rs. 13,900-1,32,000

Available at: https://www.shaze.in

Genpact Announces Secondary Equity Offering on Behalf of Selling Shareholders


 
New Delhi, August 16, 2017 -- Genpact Limited (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, today announced an underwritten public offering of 10,000,000 common shares by certain shareholders, consisting of entities affiliated with Bain Capital Investors, LLC and its co-investor, GIC Private Limited (the "Selling Shareholders"). The Selling Shareholders are offering approximately 15% of the Genpact shares they beneficially own.  After giving effect to this offering, the Selling Shareholders will beneficially own approximately 30% of Genpact's outstanding common shares.  

Genpact is not selling any common shares in, and will not receive any proceeds from, the offering.
Citigroup is acting as the sole underwriter for the offering and proposes to offer the common shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices.  

The issuer has filed a registration statement (including a prospectus) (File No. 333-210729) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates and has become effective. A preliminary prospectus supplement relating to the offering will also be filed with the SEC. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer, the selling shareholders and this offering. 

You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

Swipe launches India’s Most Affordable 5” 4G Smartphone with Gorilla Glass

 ELITE 4G is available exclusively at Flipkart at a competitive price of Rs. 3,999/-


Pune, 16 August, 2017: India’s 4G experience is all set to get more exciting with the launch of ELITE 4G from the house of Swipe. The new launch in Swipe’s celebrated ELITE series promises to offer an unmatched 4G experience to the aspiring Indian youth. The value for money device is expected to cater to the need of the hour by offering cutting edge technology at an astounding price of Rs. 3,999/- for 1 GB RAM.


Swipe ELITE 4G comes with 5’’ FWVGA Display that is made of Gorilla Glass, ensuring great performance throughout. The scratch and impact-resistant qualities in Gorilla Glass, combined with its incredibly thin profile, enable it to protect device displays without adding significant weight or interfering with ELITE 4G’s capacitive touch screen. With an incredible design, ELITE 4G is available in Black, Grey & Gold color variants. Its ergonomically-enhanced design gives this iconic smartphone a cool look and great feel in the hands of the user.
ELITE 4G is powered by 1.3 GHz Quad Core Processor and loaded with Android 6. All new 4G VoLTE-enabled ELITE 4G comes with an internal memory of 8GB (expandable up to 64 GB). The users will be able to enjoy a greater multimedia experience as they can capture sizzling photos and videos in virtually any lighting condition through its 8-MP Rear Camera. Its 5 MP Front Camera ensures great Selfies to share on various social media platforms.

Talking about the launch of new ELITE 4G, Mr. Shripal Gandhi, founder & CEO of Swipe said, “India is fast migrating to 4G as cost of data is becoming affordable. India will be truly empowered only when every common man of the economy will be able to avail the benefit of the revolution that is under way in the field of mobile communications. With the government pushing the use of mobile phones for financial transactions and other associated benefits, not having smartphone is not a choice anymore. Swipe is happy contribute to India’s smartphone revolution with the launch of ELITE 4G, a feature-rich phone that is designed keeping in mind the unique requirements of Indian users. We want to ensure that all Indians feel the experience of 4G speeds at most competitive rates.”

The high-power 2,500 mAh battery ensures that the users do not run out of juice too soon. The battery is rated to give up to 11 hours of talk time and lasts up to 100 hours on standby mode.

The ELITE 4G is a dual SIM. Connectivity options include Wi-Fi, Bluetooth, FM Radio, 3.5 mm Audio port, and Micro USB 2.0 port, 3G and 4G (with support for Band 40 used by some LTE networks in India).

Mr. Ayyappan Rajagopal, Head of Mobiles at Flipkart said, “With 4G smartphones becoming more ubiquitous and affordable, more and more Indians are shopping for smartphones online. As India’s #1 online platform for smartphones, Flipkart is constantly leveraging new technologies and brand partnerships to make innovative technology more accessible to millions of Indians. We are confident that the ELITE 4G will be a hot seller amongst affordable 4G devices on our platform.”

Despite packed with an attractive design, Gorilla Glass and superlative software and hardware features, like all of Swipe products, ELITE 4G is priced competitively at Rs 3,999/-.

The Swipe ELITE 4G is available exclusively on Flipkart.com from 16 August 2017.


About Swipe Technologies:
Swipe Technologies is an innovation-centric mobility solutions company, having started its operations in July 2012. Within a short span of time, Swipe has become the leading tablet and Smartphone maker in India.   Swipe was started with an aim to bring exciting devices in the growing Indian market and today, it is the leading consumer brand with key innovations across products, pricing and customer support. Founded by technocrat Mr. Shripal Gandhi, Swipe raised $5 million in May 2014 from the Venture Capital firm Kalaari Capital. In the last three years, Swipe has won a number of accolades including the “Top 50 Inspiring Entrepreneurs of India” by The Economic Times, the “Most Innovation-driven Company in India” by World Brand Congress, and the “Most Innovative Start-up” by Franchise India, the “Best Integrated Campaign” by the World Brand and Congress& the “Best Youth Brand Tablet” by CNBC. Also, Swipe’s young founder Mr. Shripal Gandhi has been recognized as the “CNBC Young Turks” for his breakthrough strategies and innovation in the field of mobile communication technologies. For details, logon to www.justswipe.com