Eyas: Asian Investments Shifting the Tide in Global Real Estate

Business Wire India

Adhum Carter Wolde-Lulu, partner at Eyas said, "The global real-estate found Asian investments at the top of the heap the previous year and according to recent reports, is all set to continue its supremacy well into this year. In 2018, the Asian investments stacked up more than a half of a record USD 1.62 trillion of the capital invested into global real-estate." Eyas.ch raised an impressive 40 million pounds for the Asian real-estate market alone. The Asian buyers made up 46 percent of all overseas investments. Adhum added, "The real takeaway is that the global economy is seeing a boost in activity because of Asian markets. That’s a great indication of the shifting of economic power, globally. The frequency of Asian real-estate projects and quantum of funding involved shows that these numbers are likely to go up in the coming years. The challenge will be to sustain this momentum and not get tangled up in trade wars with western countries. That’s the sweet spot we Asian investors need to capitalize on." Eyas is cognizant to these shifts in real-estate trends. As an investment firm, the Asian market is favorable for them and they are eyeing both the popular and unorthodox areas in Asia. The trend for real-estate in the year 2018 will be more towards refinancing, recapitalization and multi-channel entity level deals instead of single-asset acquisitions. Although the developed nations of Singapore, China, and Japan still dominate, the new markets are attracting a host of mid-segment buyers because of multiple entry points and short to long-term gains.

In India, policies such as GST and RERA proved to be game-changers as India’s Tier 1 cities are expected to move up from their current 36th rank in JLL’s 2018 Global Real-estate Transparency Index because of strong improvements in structural reforms, implementation of RERA and GST. India is likely to become significantly more influential in Asia-Pacific in the next five years. According to reports, 90 percent of 150 Asia Pacific based business leaders expect the number of cross-border transactions involving Indian firms’ to soar because of 100% FDI eligibility in the real-estate sector. The investment volume in India is forecasted to reach $611 billion, up from 4.8 billion last year. The investments in India’s six largest property markets have increased by 100%. Mumbai seems to be a favorite, attracting $1.75 billion, ranking 81st the world over. 2017 saw several high profile investments in India, like Singapore’s GIC purchasing a 33 percent stake in a unit of DLF Cyber City for US$1.4 billion along with Allianz’s real-estate arm announcing its partnership with India’s Shapoorji Pallonji Group to establish a fund of US$500 million to target India’s office market, according to a JLL report. With India’s office and retail sectors looking ripe and promising, 2018 will see many institutional players making a strategic entry into India for long-term economic growth. India with its rich and abundant real-estate opportunities and 100% foreign direct investment is of key interest to Eyas and they plan on making huge investment strides in the region in the near future. Source: Businesswire

Manchester United Shoots for Success with a “Digital Experience Platform” Powered by HCL

Business Wire India
Manchester United (NYSE:MANU) has today announced a major milestone on its digital transformation journey with HCL Technologies, with the successful launch of the Manchester United Official app powered by HCL’s digital experience platform. The launch is part of the ongoing digital transformation of the club to provide a real-time, engaging, personalized, and unified experience to Manchester United’s 659 million global followers, which supports the club’s strategy to become a Digital Sports Enterprise.

At the heart of this transformation is the digital platform developed by HCL, providing the club with a single view of fans across web and app touchpoints, offering fans a one-stop shop for everything Manchester United.

Manchester United’s Group Managing Director, Richard Arnold comments:
“This app will allow our 659 million Manchester United followers to easily connect to the club they love, wherever they are in the world. Fans will now have the opportunity to follow all Manchester United matches through the app with up-to-the-second notifications and updates.

Just days after launch, the Manchester United Official app reached number one in the App Store’s sports category download charts in 68 markets around the world. The app was also top ten within the sports category in a further 123 markets.

The app was created by a dedicated project team from HCL Technologies and Manchester United, ensuring a truly collaborative approach to the project. The team not only built the new app and website, but also created an advanced underlying platform that will give the club the ability to adapt as new technologies emerge.”

HCL Technologies’ Corporate Vice President, Ashish Gupta, comments:
“Our partnership with Manchester United has been one of continuous co-innovation. HCL’s digital experience platform has driven significant business transformation combining digital product strategy and technology innovation to deliver a compelling user experience. The Manchester United official app has received excellent reviews from a worldwide fan base with downloads in over 210 markets. 

Manchester United is a great example of a modern, forward-thinking global organization that is embracing transformative solutions to realize their digital potential. We are excited to help Manchester United achieve this important milestone and look forward to many years of continued success.”
 
Source: https://www.hcltech.com/press-releases/press-releases-business/manchester-united-shoots-success-digital-experience-platform
Source: Businesswire

Vajpayee's Kerala connections

Kottayam: Former Prime Minister A B Vajpayee has passed away in a year which saw rains claiming hundreds of lives in Kerala.


Coincidentally, the state witnessed similar flood in the year when Vajpayee was born in 1924 when the floods claimed hundreds of lives and huge destruction.


Vajpayee had a special liking to the state and he never missed a chance to visit the state when he was a party leader before occupying the chair of Prime Minister.


Even after becoming prime minister Vajpayee was attracted to Kerala where he spent long vacations.


He took off from his busy schedule to undergo ayurvedic treatment at Kumarakam in Kottayam in December, 2000.


Ayurvedic healing of his knees, one of which has undergone a surgery, tops the agenda.


The Prime Minister stayed in the century-old British Baker's Bungalow, which figures in Roy's novel as `History House’ which was part of Taj Garden Retreat.



Three Ayurvedic physicians from Coimbatore Arya Vaidya Pharmacy headed  by K G Ravindran treated Vajpayee.


Ravindran and his team including  K C Narayanan and C Vinod did uzhichal, pizhichal, dhaara, kizhi, avagaham and a whole spectrum of head-to-toe massages, steam therapy and oil bath on the Prime Minister.


The Prime Minister also took houseboat rides on the Vembanad backwater.


Vajpayee was keen to visit the state for party meetings much before he came to power, party sources said.

He was very attracted to the ambience.


Vajpayee and former Prime Minister Charan Singh had held a meeting at Palakkad in 1986 when the groundwork for the formation of NDA was done, the sources said.

Kottayam: Former Prime Minister A B Vajpayee has passed away in a year which saw rains claiming hundreds of lives in Kerala.


Coincidentally, the state witnessed similar flood in the year when Vajpayee was born in 1924 when the floods claimed hundreds of lives and huge destruction.


Vajpayee had a special liking to the state and he never missed a chance to visit the state when he was a party leader before occupying the chair of Prime Minister.


Even after becoming prime minister Vajpayee was attracted to Kerala where he spent long vacations.


He took off from his busy schedule to undergo ayurvedic treatment at Kumarakam in Kottayam in December, 2000.


Ayurvedic healing of his knees, one of which has undergone a surgery, tops the agenda.


The Prime Minister stayed in the century-old British Baker's Bungalow, which figures in Roy's novel as `History House’ which was part of Taj Garden Retreat.



Three Ayurvedic physicians from Coimbatore Arya Vaidya Pharmacy headed  by K G Ravindran treated Vajpayee.


Ravindran and his team including  K C Narayanan and C Vinod did uzhichal, pizhichal, dhaara, kizhi, avagaham and a whole spectrum of head-to-toe massages, steam therapy and oil bath on the Prime Minister.


The Prime Minister also took houseboat rides on the Vembanad backwater.


Vajpayee was keen to visit the state for party meetings much before he came to power, party sources said.

He was very attracted to the ambience.


Vajpayee and former Prime Minister Charan Singh had held a meeting at Palakkad in 1986 when the groundwork for the formation of NDA was done, the sources said.

Zoho Integrates With Uber for Business to Simplify Expense Reporting

Business Wire India

Zoho today announced that it will automatically import Uber for Business trip receipts into Zoho Expense, its expense reporting and tracking software. With direct integration between the Uber and Zoho apps, business travelers no longer need to manually forward Uber receipts to Zoho Expense. Instead, Uber users worldwide will be able to select Zoho Expense from the Uber app, and their receipts will be automatically added to Zoho Expense reports to streamline tracking and reimbursement.

 

“Uber for Business provides organizations with the billing, reporting and management software that they need as employees turn to Uber for safe, reliable transportation across the globe,” said Michael Goodwin, head of business development and partnerships, Uber for Business. “Our integration with Zoho Expense will automate a key step in the process, making that expense-related work faster and easier for business riders and travel managers alike.”

 

“Zoho and Uber are committed to making business simple for our customers,” said Raj Sabhlok, president of Zoho Corporation. "Simplifying expense reporting of Uber rides is a reflection of that commitment. After a long business trip, the last thing travelers want to do is dig through their inboxes for Uber receipts. With Zoho Expense and Uber, they won’t have to.”

 

Pricing and Availability

 

Zoho Expense will be available to Uber app users with a business profile in early September. Zoho Expense offers two subscription plans: the Free plan and the Standard plan ($15/month for 10 users). Each additional user is $2 per month. For more information on Zoho Expense, please visit https://www.zoho.com/expense.

 

Additional Resources

 

Zoho news coverage: https://www.zoho.com/inthenews.html

 

Zoho press releases: https://www.zoho.com/press.html

 

Zoho videos: https://www.youtube.com/user/zoho

 

Zoho blogs: http://blogs.zoho.com

 

Zoho on Twitter: http://www.twitter.com/zoho

 

Zoho on Facebook: http://www.facebook.com/zoho

 

About Zoho Expense

 

Zoho Expense is expense reporting software that automates business and travel expense management. Available in mobile and web versions, it takes the hassles out of expense reporting and reimbursements for sales reps, employees, managers and finance departments. It also works with Zoho's online accounting and customer relationship management applications – Zoho Books and Zoho CRM – to unify an organization’s front office and back office operations. Users can try a 14-day, free trial account of Zoho Expense at https://www.zoho.com/expense/.

 

About Zoho

 

Zoho is the operating system for business—a single online platform capable of running an entire business. With apps in nearly every major business category, including sales, marketing, customer support, accounting and back office operations, and an array of productivity and collaboration tools, Zoho is one of the world's most prolific software companies. In 2017, Zoho introduced the revolutionary Zoho One, an integrated suite of applications for the entire business.

 

Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. More than 35 million users around the world, across hundreds of thousands of companies, rely on Zoho every day to run their businesses, including Zoho itself. Zoho Corporation is privately held and profitable with more than 5,000 employees. Zoho is headquartered in Pleasanton, California, with international headquarters in Chennai, India. Additional offices are in Austin, Utrecht, Singapore, Yokohama, and Beijing. For more information, please visit www.zoho.com/.

 

 

 

 
Source: Businesswire

Indian Women – the Trump Card to Double-Digit GDP: Says Rajiv Ranjan Singh, CEO, Karvy Stock Broking Ltd

Business Wire India

Prime Minister Narendra Modi recently quoted at an event that ‘Financially empowered women are a bulwark against societal evils.’ Mr. Rajiv Ranjan Singh, CEO, Karvy Stock Broking Ltd seconds his opinion and so does the data from the International Monetary Fund (IMF) which reported that India could be 27% richer if more Indian women were involved in the workforce. The Indian economy has grown around 7% for the last two decades, but ironically the number of women working in India has dropped to 26%, as compared to 35% recorded in 2005 and high contrast to the worldwide average 50% recorded in 2017.
 
Indian women struggle with huge disadvantages in most walks of life, resulting in low participation in mainstream social, political and economic activities. The government initiative Beti Bachao Beti Padhao and likes have effectively soared the gender gap in literacy and school attendance to nearly 90 girls per 100 boys from 60 girls per 100 boys recorded in 2001 and the gap between men and women voters have narrowed over time. One of the key factors contributing to this struggle is the early marriage of women. The average age of women getting married in India is 19yrs, leaving little scope for her to complete proper education and gain any social and financial independence. To add to this, domestic violence and abuse is a common problem faced by women. Their lack of education and financial dependence on husband topped with the social stigma of public dishonor trap them in the atrocious environment.
 
Despite these drawbacks, a quarter of the current women population have made it to the workforce, but they deal with issues like sexual harassment at work and the social pressure of balancing their work life, personal life and social life at par. Another reason women in the workforce withdraw from their career is gender discrimination in the form of employment and wages. A recent report from a job portal claims women on average are paid 25% less than their male counterparts. However, it is remarkable that the likelihood of working women is higher in small tribal states like Mizoram, Nagaland and Chhattisgarh which hold 59%, 55.9% and 54% of working women, respectively. On the contrary, the urban areas like Delhi have only 11% of working women population. We need strong policies and government reforms to retain women in the workforce and attract new women to join it, especially in the urban areas which offer more scope for work.
 
Bangladesh, India’s neighbor and offspring, has emerged as a perfect example in this case over the last decade, securing the 47th position in The Global Gender Gap Report where India stands at 108th among 144 countries. The number of women working in Bangladesh has remarkably soared from 16.2 million in 2010 to 18.6 million in 2016-17.
 
Women work more than men globally, performing on an average 75% of the world’s unpaid and domestic work, which is valued at 13% of the global GDP according to a United Nations report. Women in India do 90% of the unpaid and domestic work, the highest proportion in the world. The report claims, if this unpaid work is included in the national account, it can represent nearly 50% of the GDP. But Indian women are by large expected to be homemakers and lack the social support to get employed. If India wants to cross a double-digit GDP, we need to change the mindset of society and make it more supportive towards the idea of women working outside their household.
 
Malala Yousafzai has aptly emphasized that there is a high need to empower women and expand their education, but simultaneously skill provision and economic upliftment of women is also required, but most importantly an attitudinal change is required to achieve women empowerment.
 
There are no disagreements over the fact that the Indian women have considerably progressed in the last seven decades post independence and the government also has made efforts in improving their state. But it is sad that India is still a male-dominant society and is struggling with many social evils and lacks a perspective to view the status of women in society. Even in the current times, women are regarded as liabilities instead of assets and a working woman is merely considered as a better bargain in the marriage market. This has to change to empower women in reality. Factually, 23 women CEOs across the globe leading 500 fortune companies, while amongst the top 100 companies of Indian origin, there are merely four women CEOs.
 
It is also commendable that the Indian government has introduced and implemented several policies like Beti Bachao Beti Padhao, Sukanya Samriddhi Account, Pradhan Mantri Ujjwala Yojana, Mahila Shakti Kendra, Maternity Benefits Program, etc. which have made a significant impact on their lives. But it is notable that only a few reforms are made to make women financially independent or to bring them into the workforce. Indian women have low political participation; only 12% of women are seated in both upper and lower houses of the parliament, according to the Inter-Parliamentary Union. And it is extraordinary that a bill demanding 33% reservation of seats for women in Lok Sabha is pending for nearly two decades now. 
 
We as a nation are actively looking at achieving double-digit GDP, entering the USD5Tn economy and doubling our word trade contribution, but it is hardly practical without one of the major pillars of the economy: women. As Swami Vivekananda had quoted, “There is no chance for the welfare of the world unless the condition of women is improved; it is not possible for a bird to fly on only one wing.” While it is agreeable that it is difficult to change the culture of disregard for women deep-rooted in the Indian society, measures need to be taken for it. The government is required to take a stand and introduce policies that would make women financially independent and reduce the hurdles in her path towards development. Source: Businesswire

In the Wake of the Ongoing Floods in Kerala; UAE Exchange and Unimoni Waive Service Fee on Remittances to Kerala Chief Minister's Distress Relief Fund

Business Wire India

Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of Kerala. The initiative which enables the global Indian diaspora to contribute to the relief efforts, follows a personal contribution of two crore rupees made by the Group Chairman and noted UAE-based businessman and philanthropist, Dr. Bavaguthu Raghuram Shetty, to help those affected by the floods.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180816005229/en/

 
Promoth Manghat, Executive Director, Finablr and Group CEO (Photo: AETOSWire)

Promoth Manghat, Executive Director, Finablr and Group CEO (Photo: AETOSWire)

Promoth Manghat, Executive Director, Finablr and Group CEO, said, “As a committed corporate citizen, who firmly believes in helping communities in times of need, it was our responsibility to do all that is in our power to aid the people of Kerala, who are facing this unprecedented natural calamity. Besides waiving off service fee on remittances to Kerala Chief Minister's Distress Relief Fund, we have also mobilised the India Unit of Unimoni to extend on-ground support to the ongoing relief efforts. With support pouring in from all quarters, we are confident that Kerala will soon recover from this disaster. We are also thankful to Kerala Chief Minister Pinarayi Vijayan & his cabinet for allowing us to support the community in need.”

 

Those seeking to support the relief efforts can walk into their nearest UAE Exchange or Unimoni branches or log on to the website/mobile application and transfer money to Kerala Chief Minister's Distress Relief Fund (CMDRF) at zero transfer fees. Contributions to CMDRF are completely tax exempt.

 

A total amount of Rs 25 lakhs too has been provided by UAE Exchange and NMC to support the flood-affected victims with the help of select media houses.

 

The account details for the same are as stated below.
Name of Donee: CMDRF
Account Number: 67319948232
Bank Name: State Bank of India
Bank Branch: City Branch, Trivandrum, Kerala
IFSC: SBIN0070028

 

*Source: AETOSWire

 

 

 

 
MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20180816005229/en/
Source: Businesswire

Murinjapuzha bridge develops crack and wobbles

The Murinjapuzha bridge between Ernakulam and Vaikom weakened by the strong currents has developed a crack and is seen shaking and moving on its own.
The Murinjapuzha bridge between Ernakulam and Vaikom weakened by the strong currents has developed a crack and is seen shaking and moving on its own.

Protest demanding permission for harvesting toddy

S. Nallusamy, co ordinator of toddy movement met the media personnel in Coimbatore and made an announcement regarding an Ashvamedha Yagna to be performed on January 21, 2019 to demand permission for harvesting toddy. He issued a challenge that if it was proven beyond doubt that Toddy harvesting should be banned, he will disband his organisation.
S. Nallusamy, co ordinator of toddy movement met the media personnel in Coimbatore and made an announcement regarding an Ashvamedha Yagna to be performed on January 21, 2019 to demand permission for harvesting toddy. He issued a challenge that if it was proven beyond doubt that Toddy harvesting should be banned, he will disband his organisation.

Alef Mobitech Launches Mobile Edge Computing Platform in India

Business Wire India

Alef Mobitech (Morristown, New Jersey, USA), a Mobile Edge Technology leader, has launched the first ever Mobile Edge Computing Solution. The Platform powers applications created by Alef, Mobile Network Operators (MNO) and third-party developers.

 

The Alef Edge Computing Platform creates an “Operating System” that enables rapid deployment of new applications and services at the Mobile Edge. Alef provides Operators the ability to support the next generation of applications without requiring costly upgrades. Using Alef Mobitech’s patented technologies and hyper-distributed cloud computing capabilities at the Network’s Mobile Edge, MNOs can provide immersive, interactive and intelligent products and services.

 

“Launching this platform inside of a live mobile network is a major milestone for us, but it is only phase one of our vision,” said Neelakantan Venkataraman, Chief Business Officer for Alef in India. He added, “Phase two leverages the platform to create and co-own products and services. Our vision is to become the gold standard of Edge Computing Applications by defining how products and services on the Mobile Internet should look, feel and interact.”

 

Alef’s solution allows Application Services to communicate and transact effectively with Mobile Network Operators. Instead of providing independent silos of Transmission and Cloud Services, Alef enables third party applications and Mobile Network Operators to work profitably and cooperatively.

 

Steven Spencer, Alef Mobitech’s Chief Operating Officer stated, “Edge Computing is the perfect environment for Augmented Reality, Virtual Reality, IoT, Industry 4.0, Smart Cities and Autonomous Vehicles, and our ambitions are even higher. The Cloud allowed for applications to run much more efficiently; Mobile Edge Computing now moves the Cloud to mobile devices. This is game changing!”

 

About Alef Mobitech

 

Alef Mobitech’s mission is to realize the worldwide potential of the Mobile Internet through a wide range of enablement services by teaming with Solution Providers and Mobile Network Operators. Based on innovative Mobility Cloud Technologies, Alef Mobitech empowers businesses across multiple segments to launch new products and services.

 

Alef Mobitech is headquartered in Morristown, New Jersey, with Offices in India and Brazil. For more information, please visit http://www.alefmobitech.com/

 

 

 

 

 

 
Source: Businesswire

Stranded people airlifted

With entire areas flooded and with no access, many people have been left stranded in their houses . Rescue personnel airlifted them with the help of helicopters. Here is a video clip of such a rescue from Pathanamthiitta and Aluva districts.
With entire areas flooded and with no access, many people have been left stranded in their houses . Rescue personnel airlifted them with the help of helicopters. Here is a video clip of such a rescue from Pathanamthiitta and Aluva districts.