The Institute of Internal Auditors India today organised a national conference on internal audit with focus on continuous skilling and critical thinking, data analytics and monitoring, emerging risks and risk management.
"Auditing and critical thinking skills are emerging today particularly when we are being asked to audit the new age companies. Looking at standards and how it can be applied for critical thinking is very essential in all sense," Protiviti Senior MD Subrata Bagchi said while moderating a session on the opening day of the two-day conference.
Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit.
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Tata Motors launches pick-up Tata Ace Mega in Nepal * Tata Motors today launched its all-new mini pick-up truck Tata Ace Mega in Nepal priced at Nepalese Rupees 13.55 lakh.
The pick-up with a rated payload of one tonne will be sold in the country through the company's authorised distributor Sipradi Trading Pvt Ltd.
Commenting on the launch, Tata Motors Head-International Business, Commercial Vehicle Business Unit Rudrarup Maitra said: "With the introduction of the Ace Mega, we are confident that it will become a key business partner for thousands of entrepreneurs and market load operators across the country."
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E-QUAL calls for two-day conference
* A two day conference is being organised in the city under E-QUAL programme in which students from universities are sharing their learning experience with the faculty members, which may help to enhance quality, access and the governance of undergraduate education in India.
Around 19 students are sharing their learning experiences in a two day symposium organised on February 19 and 20 under a conference "learning from learners".
Four Indian varsities and and two foreign universities are participating in E-QUAL (Enhancing Quality, Access and Governance of Undergraduate Education in India).
Appie raises $1mn in bridge round of funding
* Offline retail discovery platform Appie today raised a funding of USD 1 million (around Rs 6.7 crore) from a clutch of investors.
It plans to use the incoming capital for the launch of the product, to create adequate traction in terms of business and strategic alliances and to build up a consumer base for seamless implementation of the business model, it said in a statement.
It soon aims to launch a new version that changes how apps works and how consumers can use their mobile phones in the real world, it added.
The company plans to acquire 10,000 retailers across 3 cities in the first year and close to half a million users.
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Mumbai Indians most supported team in IPL this season: Study * With Chennai Super Kings suspended for two years, Mumbai Indians has emerged as the most supported team in the Indian Premier League this season, according to a study.
IPLomania, a study done by Hansa Research, is about the correlations between team loyalties and its impact on the recall value of the sponsoring brands.
CSK enjoyed maximum team support since inception and last year stood at first position with 30 per cent, while MI, which was at the second position with 23 per cent last year, has occupied the top slot this year with 33 per cent, it noted.
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Shopmatic ties up with Aramex for logistic support to users * E-commerce website maker Shopmatic today announced partnership with global logistic company Aramex to provide service to its users in India.
"Shopmatic wants to enable its users to take advantage of this growth by simplifying the online selling experience. We feel that the partnership with Aramex is a natural fit because both companies share many of the same values," Shopmatic Group CEO and Co-Founder Anurag Avula said in a statement.
People can use Shopmatic platform where they can create an e-commerce website like a blog by choosing ready made design. Shopmatic integrates payment platform as well with the website developed using its services. Shopmatic charges USD 20 (about Rs 1,300) per month for the platform.
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Essel Green Energy raises stake in PN Renewable, Clean Energy * Essel Green Energy has increased its stake in PN Renewable Energy and PN Clean Energy to 99 per cent from 49 per cent w.E.F. May 19, 2016.
"The company has increase its shareholding from 49 per cent to 99 per cent in PN Renewable Energy Ltd (formerly known as Essel Renewable Energy Ltd) and PN Clean Energy Ltd (formerly known as Essel Clean Energy Ltd) w.E.F. May 19, 2016," Essel Green Energy Pvt Ltd informed BSE today.
After this acquisition, both the companies have become subsidiaries of Essel Green Energy.
TVS Motor launches variants of its Star City+, Sport bikes
* Two and three-wheeler maker TVS Motor has launched two variants of its popular motorcycles Star City+ and TVS Sport models in view of the nearing festive season.
The city-based company has launched Star City+ in Spotlight White variant while the Sport in Black Silver variant. With the launch of new colour variant, Star City will be available in 11 different colours while TVS Sport in nine, a company statement said here today.
"With the new colour variants, we intend to add more style to the overall experience of the rider this festive season," TVS Motor Vice-President Marketing (Motorcycles), Arun Siddharth said.
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Yes Bank, NiYO partner to provide employee benefit via app * Private-sector Yes Bank has partnered with fintech startup venture NiYO to help staff of both the companies claim their employee benefits through a common mobile application.
"Under the partnership, Yes Bank along with NiYO has rolled out the Yes Bank NiYO Benefits Card that makes it easy for organisations to give employee benefits, and for employees to claim the benefits," Yes Bank said in a release.
Yes Bank said there are 30 million salaried employees who can benefit from this app.
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Orsuq launches online operations for gold & diamond jewellery * To increase its sale and customer base, Gold and diamond jewellery firm Orsuq today said it has launched its online operations.
The prices of Orsuq products range from Rs 7,000 to Rs three lakh and above.
"India's online and offline jewellery industry is worth Rs 60 billion, which is further expecting a positive growth of 15-20 per cent CAGR year-on-year," Orsuq Solutions co-founder and COO Minesh Shah said.
