PHDCCI Economy GPS Index for August 2022

  Economic activity rejuvenated amidst the festive season: PHD Chamber   Economic activity has rejuvenated further in August 2022 in comparison to July 2022 due to the onset of festive season despite the ongoing uncertainty due to geo-political developments, said Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry, in a press statement issued here today.   The PHDCCI Economy GPS Index for August 2022 has increased to 141 as compared to 136.1 in July 2022, said Mr Pradeep Multani.   PHDCCI Economy GPS Index captures the momentum in supply side business activity…

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India has Potential to become the largest producer of Green Hydrogen: Hon’ble Union Minister of Road Transport and Highways, Government of India, Shri Nitin Gadkari

Speaking at the inaugural of  International Climate Summit 2022 – Opportunity for Green Hydrogen in India, which is being held at Bergen, Norway, Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways of India, through virtual joining, states that the Indian government is strongly supporting the cause of renewable energy to fulfill its COP26 commitment of net zero by 2070. The emphasis has been on reducing carbon footprint, reducing energy imports and focusing on green energy alternatives. He also said that we have set a target of 500-GW of…

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ICSI organizes its50th National Convention of Company Secretaries in Kolkata from September 1-3, 2022

The Institute of Company Secretaries of India is organizing its 50th National Convention of Company Secretarieson the theme CS: A Vishwaguru in Governance and Sustainability, from September 1-3, 2022, in Kolkata. With a glorious past aligned with its vision, mission, and motto, the ICSI has had a very remarkable journey of its National Convention, which started in the year 1972, in New Delhi. The 1st National Convention of Company Secretaries was inaugurated at the august hands of the then Hon’ble President of India, Shri V. V. Giri, and since then the annual congregation has become anoccasion of learning, unlearning,…

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Does Flooding Impact Housing Prices and Demand?

– by Akash Pharande, Managing Director – Pharande Spaces Undoubtedly, urban flooding, especially in a country like India, which sees annual monsoons, can have serious economic consequences. These consequences are completely apart from the inconveniences and frayed tempers caused by pothole-raddled, awash streets. For example, excessive rains ruin crops – a serious matter in agriculture-driven nations where food prices are dictated by availability. Flooding can destroy or severely damage assets like automobiles, public utilities, and electrical grids, lead to excessive air pollution due to crawling traffic, and cause other economic…

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Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019

Approx. 25,680 luxury homes (units priced >1.5 Cr) were sold across the top 7 Indian cities in H1 2022, against 17,740 units in 2019; in H1 2022 itself, sales exceed those in entire 2019 MMR saw the highest luxury home sales – over 13,670 units sold in H1 2022, followed by NCR with 4,160 units In overall sales share, MMR’s luxury housing sales share increased from 13% in 2019 to 25% in H1 2022; in NCR, sales share rose to 12% from 4% in the same period Affordable housing (<INR…

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Neiman Marcus Group opens Global Capabilities Center in India

The U.S.-based integrated luxury retailer partners with ANSR to launch its Bangalore Corporate Hub, seeking new strategic talent with ambitions for continued growth BANGALORE, India , July 27, 2022 /PRNewswire/ — Neiman Marcus Group (NMG), the U.S. integrated luxury retailer that includes Neiman Marcus and Bergdorf Goodman, today inaugurated its new Global Capabilities Center (NMG|GCC) in Bangalore. NMG, with its more than 10,000 associates, offers its customers the most exclusive products from the world’s most desirable brand partners. The company delivers exceptional products and intelligent services that are powered by investments…

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Edvoy provides free online IELTS classes for all international students

CHENNAI, India, July 21, 2022 /PRNewswire/ — Edvoy, a tech platform that supports and enables international study abroad, is providing free online IELTS classes, in partnership with New College Group (NCG). IELTS (International English Language Testing System) scores are required to gain admission to undergraduate and postgraduate courses in the UK, Canada, USA, Ireland, Australia and New Zealand. Partnering UK-based NCG, Edvoy offers free online classes by DELTA Qualified Teachers. Students register on the Edvoy website to take part in the classes. There are lessons available for IELTS Reading, IELTS Writing, IELTS…

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STL wins approximately INR 250 crore deal for building Indian telecom operator’s optical network

MUMBAI, India, July 19, 2022 /PRNewswire/ —  STL  (NSE: STLTECH), an integrator of digital networks, today announced a deal with one of India’s leading telecom operators. Pursuant to this arrangement, STL seeks to fulfil the telecom operator’s requirement for setting up a high-performance, modern communication network in India. STL, already a leading network modernisation partner for the telecom player, further strengthens its relationship with the telco with this deal. With this multi-year deal, worth ~INR 250 crore, STL aims to provide specialised optical fibres and deployment services to build the service provider’s…

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Geospatial Industry Luminary Hired as Senior Strategic Advisor at AAM, a Woolpert Company

MELBOURNE, Australia, July 18, 2022 /PRNewswire/ — Zaffar Sadiq Mohamed-Ghouse, Ph.D., a global geospatial leader, has joined the leadership team at AAM, a Woolpert Company. Mohamed-Ghouse will serve as a senior advisor for strategy and innovation within Woolpert’s geospatial leadership team, further strengthening the global geospatial company’s services and capabilities. Mohamed-Ghouse brings more than 25 years of experience with international engineering consultancies, working across government, academic, research and corporate sectors. He has held senior leadership roles at multilateral geospatial organisations, including United Nations Global Geospatial Information Management-Networks and World Geospatial Industry…

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We-Ace to Host 3rd Edition of Spark, a Gender Diversity Leadership Conclave with Support from Google

We-Ace, a leading platform for aspiring women, has announced the 3rd edition of its annual conclave ‘Spark-2022’ to be held on July 15th 2022. The agenda of this conclave is focused on building thought leadership in making the world more balanced. Over 7000 people from different industries and countries are expected to attend this one-day conclave. Google, IBM, Walmart Global Tech, Perfetti Van Melle (PVM), and FutureSkills Prime – a MeitY – NASSCOM Digital Skilling Initiative. are the key Partners of this conclave. 30+ prominent speakers will speak in the…

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