RPP Infra Projects bags new orders from Karnataka

RPP Infra Projects, engaged in infrastructure development, has bagged new order from Karnataka State Police Housing and Infrastructure Development Corporation, worth Rs 305 million for the construction of residential quarters.
The order comprises of construction of 212 units of quarters for police personnel in Dharwad district in Karnataka under the Police Gruha 2020 scheme, RPP Infra said in a BSE filing.
"India envisages a big growth for infrastructure in coming days and the company is poised to garner a sizable growth by winning orders currently", RPP Infra Projects Chairman and MD, Arul Sundaram said.
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CREDAI starts skill development training for workers * Real estate developers' body CREDAI today said it has initiated skill development training for construction workers to bridge the gap of trained manpower.

"Construction industry contributes the largest to India's GDP. Yet, this industry faces a grave challenge of unskilled workforce. While this sector continues to grow at a rapid pace, it continues to be devoid of skilled manpower," Confederation of Real Estate Developers' Association of India's (CREDAI) Chairman of committee for skill development Jitendra Thakker said.

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Kotak Life Insurance launches 'Kotak Premier Life Plan' * Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today launched 'Premier Life Plan', a limited premium payment, which will offer discounts on premium for higher sum on maturity.
The plan aims to add value to lives of customers by providing Protection And Long Term Savings (PALTs), the private insurer said in a release issued here.

RBI asks IT assesses in National capital to pay advance dues
* Reserve Bank has asked income tax assessees in the National Capital to pay their dues in advance to avoid last minute rush.
RBI said there is a rush for remitting income tax dues at the Reserve Bank and other bank authorised to collect income tax towards the end of March/June/September/December is heavy.
It become difficult for the RBI to cope up with the pressure of receipts although additional counters to the maximum extent possible are provided for the purpose, it added.
"Consequently, the public is required to wait in queues in the RBI for long periods. To obviate the inconvenience involved, assessees in the city are advised in their own interest to avoid last minute rush by remitting their income tax dues sufficiently in advance of the due date," it said.

RBI said the assessees can also make online payment of their dues.
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XL Catlin names Lauren Pollock as VP, Emerging Markets * Global insurance and reinsurance firm XL Catlin today said it has appointed Lauren Tennant Pollock as Vice President, Emerging Markets including India.
She will be based in New York.
"As we continue to play a critical role in expanding our global reach through disaster risk financing and micro insurance, we believe that Lauren has exactly the right experience and expertise to ensure we are out in front and driving the industry forward," Brendan Plessis, XL Catlin's Head of Emerging Markets said in a statement.

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LeEco touches 4,600-mark
* Chinese tech firm LeEco, which had launched its SuperTV panel last month, today achieved a record sale of 4,600 units, after the conclusion of the second flash sale.
LeEco today achieved an industry record by garnering a sales order of 4,600, which is 20 times higher than the industry-per-day average sales in the 55 inch and above segment, the company said in a statement.
Muthoot Finance join hands with TechProcess for digital EMIs
* Muthoot Finance and TechProcess Payments Services have joined hands to facilitate customers repay their loan EMIs digitally.

Under the alliance, customers of Muthoot Finance will be able to repay EMIs over a convenient next generation digital platform powered by TechProcess, Muthoot Finance said in a release.
TechProcess' Next Gen Digital Payments Platform is a multi-mode payment platform which is interoperable with more than 185 payment modes including credit and debit card, net-banking e-wallets and the likes.
The platform is a single integration omni-channel payment solution compatible with online and mobile channels.
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FICO, Lendoo partner for credit risk scoring * FICO, the world leader in credit scoring, today announced a new partnership with Lenddo, a specialist in credit and verification technologies.

Together, the companies plan to develop a credit risk score for consumers in India who have a limited or no formal credit history, FICO said in a release.
The collaboration will combine Lenddo's knowledge in the use of nontraditional data for scoring and online verification with FICO's established strength in credit scores that are predictive, transparent and fair, the release said.