Oi bankruptcy not to impact financial performance: OnMobile

Telecom value-added service provider OnMobile today said the bankruptcy of its client 'Oi' will have a negligible impact on its financial performance.
Oi, one of Brazil's wireless and broadband telecommunications service provider, has filed a bankruptcy recovery request on June 20 in Rio de Janeiro.
"The outcome of this process will have a negligible impact on OnMobile's financial performance. OnMobile's revenue from Oi constituted less than 0.5 per cent of consolidated revenues in the last financial year," it said in a statement.
For FY2015-16, the company's revenues stood at Rs 387.38 crore.
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LeEco partners HCL Care Services for after-sales services * Chinese handset maker LeEco today said it has partnered HCL Care Services, a division of HCL Services, for its after-sales service for customers.

HCL Care Services will provide one-stop solution for all service requirements to Le Eco customers through existing 265 'HCL Touch' centres in over 240 cities across the country, LeEco said in a statement.

Atul Jain, COO at LeEco India, said the company has a total of 555 service centres, out of which HCL will provide service in 265 centres.
HCL Care Services has a network of more than 300 service centres across 250 cities in India and serves over 3 million consumers in a year.
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Amazon.In launches Bengali, Gujarati language book stores * Amazon.In today launched two new dedicated online language book stores for Bengali and Gujarati readers.

The selection, with over 10,000 titles, ranges from classics, literature, fiction, biographies, business and finance, self-help, cook books and children's books as well as translated versions of various English bestsellers like The Oath of the Vayuputras, Amazon.In said in a statement.
"We started launching our dedicated language book stores last year and have witnessed an enthusiastic response from readers across the country. Having launched Hindi, Tamil, Kannada, Marathi and Malayalam, we are excited to launch the dedicated Gujarati and Bengali book stores on Amazon.In," Amazon India Director Category Management Noor Patel said.
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Ramco sets up subsidiary in Philippines * Buoyed by the addition of new clients in Philippines, Ramco Systems today said it has set up a wholly-owned subsidiary in the country to address the market opportunities in the region.

"To better address the market opportunity arising in Philippines, Ramco Systems has set up an office, its fourth in the region and 21st globally," Ramco said in a statement.
With Singapore as the regional headquarters, and offices in Malaysia and Hong Kong, Ramco Systems in ASEAN has seen a steady growth for its products -- ERP, HCM and Aviation MRO.
Lightsource Renewable Energy bags solar project in Maha
* European firm Lightsource Renewable Energy today announced it has bagged a 50 mw solar project in Maharashtra under the government's solar programme.
This is the maiden solar project secured by the company in India, a company statement said.

Nick Boyle, CEO, Lightsource said: "We are...Taking the first steps towards our ambitions for investment in India's solar PV market. The Indian Government has a huge appetite for solar energy and we believe that Lightsource will contribute significantly towards their targets."
The government has announced a goal of achieving 100 GW of solar capacity by 2022.
Lightsource is Europe's largest developer and operator of solar photovoltaic (PV) projects.
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Olympian Abhinav Bindra invests in health and wellness segment * Olympic champion Abhinav Bindra along with Franchise India has funded a company in the health and wellness segment.

Bindra's Shooting Star Sports and Franchise India has funded Add Veda, which is manufacturing products close to nature with holistic and authentic Ayurvedic formulations.
Commenting on the development Add Veda Founder & CEO Ankush Passi said: "I am extremely delighted to start my company with world renowned Ace Shooter Abhinav Bindra, who is also our brand ambassador."
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Super Plastronics partners Amazon to sell Kodak TVs * Super Plastronics Pvt Ltd, which has the brand licence for Kodak range of TV, today announced its association with online retailer Amazon.
Mahindra Retail sells 100% stake in MICPL

* Mahindra Retail Private Limited (MRPL) today said it has sold its entire shareholding in Mahindra Internet Commerce (MICPL).
"Hence, MICPL has ceased to be a subsidiary of MRPL and as such of the company," Mahindra and Mahindra said in a regulatory filing.
MRPL is an indirect wholly owned subsidiary of Mahindra and Mahindra.
As per the filing, MRPL sold its 100 per cent shareholding in MICPL to Mukesh Bhandari and Pranay Pandya for Rs 14 lakh.
The two buyers have bought 50 per cent stake each.
Turnover of MICPL was Rs 25.19 crore for the year ended March 31.