ChannelTimes

The new team of Confederation of IT Association, the Tamil Nadu based IT retailers’ association, concluded their summit on May, 2016 as the new team headed by Balasubramanian assumed charge. The association headed by the previous team has successfully launched their own brand ‘ConCom’. R Balasubramaniam, the new president of the association, said that the new team will focus only on innovation. “True to the theme of the event, ‘Suvadugal Padhippom’ (Let’s make impact), the association and the office bearers will work towards creating positive impact among the members,” he...

A running recap of the top 10 happenings in the IT Channel Industry this week. 1. Re-skilling, Need of the Hour for IT Industry: NASSCOM With the theme “Navigating Uncertain Waters”, NASSCOM kick-started the 13th edition of HR Summit 2016 in Chennai, focusing on how digital technologies are reshaping HR and the proactive role it will need to play while technology leads to new job avenues. (Read more) 2. Microsoft Claims Big Gains in Azure Cloud Biz Growth in revenue of commercial cloud computing business has helped push Microsoft’s quarterly revenue above...

The worldwide smartwatch market saw a year-over-year decline of 32 per cent, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Smartwatch vendors shipped 3.5 million units in the second quarter of 2016 (2Q16), which was down substantially from the 5.1 million shipped a year ago. Apple held the top rank by shipping 1.6 million watches. However, it was the only vendor among the top 5 to experience an annual decline in shipments. In fairness to Apple, the year-over-year comparison is to the initial launch...

Intex Technologies a leading consumer electronics company has appointed Shantanu Das Gupta, a veteran in consumer goods industry. Das Gupta was previously associated with Whirlpool India as the Vice President of Consumer Services, Vice President Marketing, Corporate Affairs and Strategy. According to a report on DQ Channels, Das Gupta said, “It will be my pleasure to work with the young & experience team and contribute to the growth of the Consumer Durables business at Intex. My experience and knowledge in the field will definitely hold me in good stead in my new...

The immense opportunity presented by the large number of consumers in India has led to 2100 - 2500 enterprises being started in India per day. Between 750-800 getting out of business or are becoming dormant, as per a survey conducted by the India SME Forum and SDRC India Advisors. SME Forum in association with Vodafone Business service, organized a day long program “BUSINESS CLASS 2016” to motivate aspiring entrepreneurs. The India SME Forum shared best practices, information and knowledge, as well as seeks and recognizes emerging MSMEs. Recently, it organized...

The Coimbatore District Small Industries Association (CODISSIA), the premium association of the city is planning for ‘Subcon’ SMB event to replicate the success of the previous years. Titled ‘Small is Big’, this event is likely to host eminent leaders from the manufacturing industry and will discuss and empower the SMB sector to take its rightful place as the Growth Engine of the Indian Economy. The city forum claims to have inaugurated this event to encourage manufacturing in and around Coimbatore, SUBCON is one such effort. “On the size of the...

Epson expands its range of digital label presses with the India launch of the SurePress L-6034VW digital label press. The SurePress L-6034VW is Epson’s first single-pass industrial press, the first to use Epson’s new PrecisionCore linehead technology and the first product to use Epson’s new LED-cured UV ink with in-line digital varnish technology. The compact SurePress L-6034VW delivers precise quality with maximum reliability, flexibility and performance. It is the ideal solution for label converters investing in a digital label press for the first time or wishing to expand their production...

Rubique, the one-stop online marketplace providing a technology-enabled end-to-end solution to financing needs of individuals and SMEs, endeavors to further ease the concerns of SMEs as well as acquire and retain a valuable set of customers for banks and FIs. With this objective in mind, it has joined hands with 60 plus leading financial institutions to increase its product offerings for the SME segment. Edelweiss and Mannapuram are the latest addition to the list of financial partners associated with this leading online marketplace platform that aims to ease credit facilitation...

Mywish Marketplaces, fintech startups has raised $15 million to push its financing business into new areas. The capital was proved by Franklin Templeton, the U.S. banking giant with more than $700 billion in assets under management. “We were chased by a lot of venture capitalists and investors globally,” Puru Vashishtha, who is board director at Mywish Marketplaces said. “Because we were profitable, we did not need to raise a lot and didn’t want to dilute too much too soon — that’s one of the reasons we chose Franklin Templeton. Also, Franklin Templeton has built...