Maintain existing duty for mobile handset under proposed GST: ICA

handset-gstExisting CVD/ED differential duty dispensation of 12.5% Vs 1% to promote domestic manufacturing needs to be maintained in the proposed GST says Indian Cellular Association (ICA).

State GST on entire mobile handset ecosystem i.e. CBU mobile phones and tablets imported, CBU mobile phones and tablets manufactured, inputs, parts, components and accessories imported and manufactured and Capital goods should be fixed at 5 per cent…Read More

 

Vishak Raman appointed head FireEye India & SAARC

Vishak-Raman-Vishak Raman has joined FireEye as a Senior Regional Director for India and SAARC. Vishak is a security industry veteran and joins from Tata Communications where he was Vice-President for Global Product Management for Managed Security Services and Content Delivery Networks.

“As India becomes increasingly connected with technology and its economy grows more reliant on intellectual property, cybersecurity has become a matter of national and economic security. Business leaders and governments across India are growing increasingly concerned by the significant risks posed by cyber attacks,” said Eric Hoh, President for Asia- Pacific and Japan, FireEye. “I have every confidence in Vishak’s leadership and his ability to further our mission helping organizations in the region improves their cybersecurity.”Read More

Worldwide augmented and virtual reality revenues to reach $162 bn

idcThe worldwide revenues for the augmented reality and virtual reality (AR/VR) market will grow from $5.2 billion in 2016 to more than $162 billion in 2020 says IDC.

This represents a compound annual growth rate (CAGR) of 181 percent over the 2015-2020 forecast period.

“For many years augmented and virtual reality were the stuff of science fiction. Now with powerful smartphones powering inexpensive VR headsets, the consumer market is primed for new paid and user generated content-driven experiences. Recent developments in healthcare demonstrated the powerful impact augmented reality headsets can have at the industry level, and over the next five years we expect to see that promise become realized in other fields like education, logistics and manufacturing,” said Chris Chute, vice president, Customer Insights and Analysis, IDCRead More

Switzerland, Sweden, UK, US, Finland and Singapore lead Global Innovation

global-innovationChina joins the ranks of the world’s 25 most-innovative economies, while Switzerland, Sweden, the United Kingdom, the United States of America, Finland and Singapore lead the 2016 rankings in the Global Innovation Index.

China’s top-25 entry marks the first time a middle-income country has joined the highly developed economies that have historically dominated the top of the Global Innovation Index (GII) throughout its nine years of surveying the innovative capacity of 100-plus countries across the globe. China’s progression reflects the country’s improved innovation performance as well as methodological considerations such as improved innovation metrics in the GII…Read More

Micromax launches Canvas Smart LED TV at Rs 19,999

micromax-canvas-smart-tvsMicromax Informatics, the leading consumer electronics company in India has announced the launch of its first Smart LED TV range – Micromax Canvas Smart LED Television at a starting price of Rs 19,999.

The Smart TV range will be exclusively available on Flipkart in 32”, 40” and 50”, priced reasonably at Rs 19,999, 29,999 and 42,999 respectively. Micromax will leverage its existing network of over 300 service centres for the new range.

The TV range will offer wireless smartphone control with an inbuilt Smart OS and preloaded Google Play Store. With built-in Wi-Fi, consumers can access the internet or run their favorite applications; the new televisions will offer consumers with a truly intuitive and interactive television experience…Read More

Livpure launches IoT based water purifier i-taste

Livpure-IoT-based-water-purifie-i-tasteLivpure has launched India’s first IoT based water purifier i-taste which empowers consumers to control the taste of purified water.

Water purifier i-taste is a smart, innovative and Wi-Fi enabled water purifier that can be controlled through one’s smartphone via android app. The device auto communicates with the Livpure service center facilitating proactive preventive maintenance/filter replacement on time.

Water purifier i-taste has six sensors for pressure, TDS, temperature, flow and others from Motorola and Philips. The company is planning to make all models be it solar inverters, water purifiers and others IoT enabled within 12-18 months…Read More

ShopClues Releases Reach Allure Speed 4G smartphone

ShopClues-4GShopClues has launched the Reach Allure Speed smartphone in India. Originally priced at INR 7,000, the power-packed 4G smartphone with a sleek and stylish design is now available on ShopClues at an exclusive price of INR 4,299. The smartphone has a 5 inch display with Dual SIM 4G LTE.

At the launch, Nitin Sharma, Senior Director – Categories at Shopclues said, “The consumer demand for Reach smartphones is steadily increasing on our platform. These quality-packed smartphones are cost-effective and deliver a great performance. We are extremely delighted to welcome another product from the premium mobile brand on our platform. Given its specifications and the trust that people have vested in Reach smartphones, we are confident that the sales figures for Reach Allure Speed are going to break all the previous records set by the brand.”Read More