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Friday, March 17, 2017

BSE ties up with Sentifi to report social media updates
BSE has tied up with Switzerland's algorithmic based analysis firm Sentifi to report social media updates related to 40,000 globally listed stocks. Under the partnership, Sentifi would track, analyse and report social media messages on various stocks which would be provided on BSE website. The information would be related to ranking of the most talked about stocks, the market attention to stocks from global voices in news and social media, comparison of market attention and stock Price over time. Besides, it would report on the underlying events driving market attention, most relevant and influential voices to each stock on Twitter, news and blogs.

Govt frames solar scheme to promote powerloom sector
The government yesterday said it has formulated a scheme to provide incentives and concessions to loom weavers to utilise solar energy to increase production. Minister of State for Textiles Ajay Tamta said that for the development of the powerloom sector, the government has formulated the 'Solar Energy Scheme'. "The scheme will come into force from April 1," he said in a written reply to the Lok Sabha.

GJSCI signs a tri-party agreement
Gem & Jewellery Skill Council of India (GJSCI), Indian Institute of Gems & Jewellery (IIGJ), Jaipur and Jewellery Association, Jaipur (JAJ) signed a Tri-Party Agreement to train and certify the artisans of Jaipur under the RPL programme Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Scheme. The signing of MoU was witnessed by Pramod Agrawal of IIGJ - Jaipur,  Nirmal Bardiya of JAJ and Premkumar Kothari, Chairman, GJSCI. According to the MOU, IIGJ – Jaipur will act as an RPL training facilitator, JAJ as Mobilization Agency and GJSCI will act as Project Implementation Agency (PIA). As per the MoU, GJSCI undertakes to certify minimum 10,000 artisans in the next 6 months.

Reliance Cap to spin off health biz from general insurance
Reliance Capital will set up a standalone health insurance company by carving it out from the general insurance entity. The board of directors of Reliance General Insurance Company (RGIL), a subsidiary of Reliance Capital, has approved the proposal to separate the health segment. Sector regulator Insurance Regulatory and Development Authority of India (Irdai) is yet to approve the plan. Reliance Health Insurance, the proposed new company, will be a wholly owned subsidiary of Reliance Capital, a company statement said.

CREDAI – MCHI concluded the second successful edition of BIZNET on Wednesday. The  networking forum ensured likeminded partners meet for business purposes, efficiently fulfilling the objective of bridging the demand and supply of building / construction material industry and be a catalyst to bulk buying in real estate. The event was attended by 100 + developers in Pune.
Xrbia to launch two residential projects on 'Gudi Padwa'
Realty player Xrbia yesterday said it plans to launch two residential projects with one each in Mumbai and Pune on 'Gudi Padwa' on March 28. "The two projects are the first locations to launch as part of Xrbia’s new city centre strategy," the company said in a statement. The project in Mumbai 'Xrbia Chembur' will offer 1 bedroom apartment at 40 lakhs, while 'Xrbia Balewadi' in Pune will offer 1 bedroom apartment at 15 lakhs.

Tata Sky launches world series
Direct-to-home operator Tata Sky yesterday announced the launch of its world series which will premiere first with Italian crime drama 'Gomorrah' on March 19. Tata Sky launches Tata Sky World Series, the exclusive home of much admired global content, the operator said in a statement. 'Gomorrah' will be the first TV series on Tata Sky World Series and shall run for one month with English subtitles, it added.

TIES to create modern infra; cut transaction costs: FIEO
The newly launched Trade Infrastructure for Export Scheme (TIES) will go a long way in creating modern infrastructure and cut down transaction cost, exporters' body FIEO yesterday said. TIES will help create modern infrastructure like last mile connectivity to ports, besides testing labs and certification centres, FIEO President S C Ralhan said. "It will address various other challenges and export bottlenecks, thereby helping in reduction of overall transaction and logistics costs," he said.

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