VARINDIA IT MAGAZINE

HSBC is working with IBM to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient for thousands of businesses.  HSBC’s Global Trade and Receivables Finance (GTRF) team facilitates over US$500 billion of documentary trade for customers every year, and in doing so must manually review and process up to 100 million pages of documents, ranging from invoices to packing lists and insurance certificates.... Read More

It’s a little over a month that GST has come into effect and under normal circumstances businesses would be hurrying to file their GST returns. The government with a view to calm the nerves among business owners has provided some relief with the regular filing norms being relaxed for the first 2 months. As a substitute to this, all businesses are expected to submit a consolidated summary of their sales and purchases through a form called 3B. However, this still needs to be a submitted in the GSTN portal like a regular return. Tally Solutions, the premier Indian software company, has announced the release of Tally.ERP 9 Release 6.0.3 which will allow users to generate Form 3B. Given how critical precision of data is in the GST regime, Tally.ERP 9 Release 6.0.3 promises easy generation of accurate Form 3B through its powerful error handling experience which intuitively prompts the user on gaps in transactions and helps correct them. In addition, the release supports vehicle, ...

In a recent announcement, Ziox Mobiles has announced Rs.300-crore investment for FY 2017-18 along with another announcement of Sushant Singh Rajput as its new Brand endorser.  According to the company, the Brand aims to establish a stronger foothold in the Indian market, with the total investment of over Rs.200 crore which shall span for a year. The Brand has announced its plan to set up two new manufacturing units (in Sikkim and Noida) and R&D facilities, apart from the existing New Delhi unit, with a holding capacity of around 1 million units per month. With the induction of Sushant Singh Rajput as its brand endorser along with the total investment of Rs.100 crore this FY 2017-2018, Ziox aims to achieve an estimated revenue of Rs.1,000 crore and a sale of 10 million product units.... Read More