Infosys Finacle Launches Blockchain Based Trade Finance Solution

By Tricitynews Reporter

Chandigarh 29^th November:- Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced the global availability of Finacle Trade Connect, a blockchain based trade finance solution for banks. The solution will help digitize the trade finance business process, including validation of ownership, certifying documents and making payments, while working on a distributed, trusted and shared network. The solution is available for a range of functions, including Bill Collection, Letters of Credit, Open Account for Trade, C2C Transactions for Trade, B2C transactions for Trade, PO Financing and Invoice financing.

Infosys Finacle also launched a pilot trade finance network for banks to trial the Finacle Trade Connect solution. 11 banks have partnered with Infosys Finacle to be on the network.

The solution is based on the EdgeVerve Blockchain Framework, an asset agnostic and permissioned distributed ledger that allows banks to rapidly deploy blockchain-based services for varied business areas. The framework is ledger agnostic and is capable of working with most industry leading blockchain platforms such as Bitcoin, Hyperledger, Ethereum and Corda.

Sanat Rao, Chief Business Officer, Infosys Finacle, said that typically, trade finance processes involve complex documentary processes, high transaction costs, high settlement times and low authenticity rates with physical documents. As a result, a bank’s business customer is straddled with delays, high costs and risks. Besides, most small business customer’s worldwide experience challenges accessing trade credit, with a significant majority of applications for trade finance unable to go through. Finacle Trade Connect holds much promise to help banks ease pressing concerns internally, as well as those faced by their business customers, with advantages increasing exponentially with more banks collaborating. Infosys Finacle is committed to helping our customers through this journey to realize the path breaking benefits of blockchain technology.

Children education Drives Overseas Home Buys for Indian UHNWI: Knight Frank Education Report 2017

By Tricitynews Reporter

Chandigarh 29^th November:- Nearly one in two billionaires (47%) in India believed and invested in overseas education for their children, way above the global average (28%) and the Asia average of 38%, according to The Wealth Report 2017 by Knight Frank. Now, the Knight Frank Education Report 2017, which examines the housing market around key schools in the UK, has revealed that education has become a critical driver of demand across prime residential markets in the country.

Liam Bailey, Knight Frank’s Global Head of Research, said that good schools are a key driver of the housing market and their presence often helps to drive local property prices. The world’s wealthy want their children to be global citizens with school careers often spread across multiple locations whilst they gain insight into different cultures and languages. According to the report findings, ultra-high-net-worth individuals (UHNWI) in Asia rated education at 8 on a scale of 10 among essential factors influencing overseas property buys. It also showed that prime property prices around key London schools have risen significantly over the last five years. While the average surge in property prices around top schools in the British capital was 49.5%, similar neighbourhoods in Home Counties recorded an increase of 45.5%. The global demand for berths in UK schools has also risen over the past 10 years. The number of students from Asia joining UK public schools between school year 2005/2006 and 2015/2016 increased by 41%. Students enrolling in UK schools from India rose by 19% during the same period.

Radio Mirchi Back with Fourth Edition of The Royal Stag Mirchi Music Awards Punjabi

By Tricitynews Reporter

Chandigarh 29^th November:- Radio Mirchi, India’s leading radio station is back with the fourth edition of the ‘Royal Stag Mirchi Music Awards Punjabi’. The awards are aimed at recognizing and celebrating excellence in the Punjabi music industry. The nominees and winners are selected through a rigorous process by an eminent jury comprising music directors, singers, composers, lyricists and film directors. This year the Jury Meet for the awards took place on 27^th& 28^th November, ’17 at the Lalit Hotel, Chandigarh. The Jury was led by living legend Charanjit Ahuja who was joined by personalities like Atul Sharma, Manmohan Waris, Babu Singh Maan, Jaidev Kumar, Jaani, B Praak, Kulwinder Billa, Miss Pooja, Harjit Harman and Kumaar among others.  

This year, the awards will honour winners across 6 categories in the film and non-film categories.  Best Song, Best Album, Best Singer (Male), Best Singer (Female) Best Composer, Best Lyricist.  The winners will be announced and felicitated at a grand show on 22^nd December, 2017 in Chandigarh. 

Sharing his excitement Bhanu Pratap Singh, Senior Vice President and Cluster Head– Upper North, Radio Mirchi said that with the tremendous response received over the last 3 years, Mirchi Music Awards is only getting bigger and better this year. This year, we hope to continue to commemorate the various artists and their work and reciprocate what our fans have showered on us.

To know more about Mirchi Music Awards tune in to Radio Mirchi or visit www.mirchimusicawards.com

 The list of the Jury members,  Atul Sharma (Chairman), Charanjit Ahuja, Baabu Singh Maan, Manmohan Warris, Vijay Dhami, Sarabjeet Kaur, Inderjit Nikku, Tejwant Kittu, Kuljit, Jaidev Kumar, Navaniat Singh, Sanjeev Anand, Dheeraj Rattan, Kumaar, Rohit Jugraj, Harjit Harman, Jaani, B Praak, Feroz Khan, Kulwinder Billa, Sukhpal Sukh, Nachatar Gill, Preet Harpal, Davinder Khannewala and Hardeep Singh.

Magma HDI Forays into Health Insurance Business

By Tricitynews Reporter

Chandigarh 29^th November:- Magma HDI General Insurance Co Ltd (Magma HDI), a joint venture between Magma Fincorp Ltd and HDI Global SE, Germany, forayed into the health insurance business with the launch of OneHealth, the next generation health insurance policy. 

OneHealth is the generation-next health insurance which covers various significant medical conditions as well as lifestyle diseases which are covered rarely in the industry. The India State-Level Disease Burden Initiative's Report released recently states that lifestyle diseases now kill more people than communicable ones like tuberculosis or diarrhoea in every state in India. Very few of the existing health insurance policies cover lifestyle ailments like lasik, bariatric surgery, psychiatric treatments etc. OneHealth is a first of its kind health insurance policy that covers all such ailments which are not yet considered medical conditions in the industry.  

Speaking about the launch of the new policy, Rajive Kumaraswami, MD & CEO, Magma HDI, said that here is an increasing prevalence of lifestyle diseases in India where one out of four Indians is at risk of dying from non-communicable diseases. But hardly are these lifestyle diseases covered under any insurance policy. Therefore, keeping in mind the modern lifestyle and the increase in lifestyle diseases we designed this policy to meet the need of the customer and his entire family. OneHealth, along with covering all major lifestyle diseases will also offer additional benefits like restoration benefit, cumulative bonus, free annual health check up, loss of income etc.

Star Cast of Tera Intezaar Team Reach Chandigarh to Promote Film

By Tricitynews Reporter

Chandigarh 29^th November:- Wednesday: A press conference is organised today at JW Marriott, Chandigarh in the presence of renowned Actor Aarya Babbar, Actress Bhani Singh and Producers Aman Mehta and Bijal Mehta for upcoming film Tera Intezaar starring Arbaaz Khan, Sunny Leone, Aarya Babbar and Bhani Singh.

During the conference Actor Aarya Babbar who is performing a role of Anti-hero (Art Dealer) shared his views about his role in Film Tera Intezaar, he is playing a role of antagonist you can call it Anti-hero, he is an Art Dealer, who uses his power to achieve anything he wants to, basically a go-getter in the film opposite Arbaaz Khan who is a natural painter.

On being asked about his challenging role in a film he shared challenging shots in action and there is one shot where he had to perform a back summersault on a charcoal road in Mauritius and another when he was pulled out of the moving car. He also shared that this film has elements of mystic, romance and thrill and it’s a complete fun mastic film.”

Actress Bhani Singh said little about herself, she said that she is new in this industry and it’s been two years. She is working in this industry.  In film Tera Intezaar she has opposite - antagonist role with Aarya Babbar. She feels very happy to be part of this film and working with talented actors of the industry. Aarya Babbar and Arbaaz Khan have always been supportive to her; she never felt that she is a new person in the team. She wishes this movie to be huge success and liked by our audience.

Further elaborating about the film Tera Intezaar Songs, Producer Aman Mehta & Bijal Mehta said that this is for the first time we have worked in Bollywood and It has been a great experience for us to be part of it. Song like Khali Khali dil sung by Armaan Malik has been a huge hit & loved by the listeners adding to the huge list of hit songs of Armaan Malik. The singers who have are Shreya Goshal, Arman Malik, Kanika Kapoor, Ahmed Hussain-Mohd Hussain, Yasheer Desai, Swati Sharma, Payal Dev, Raja Hassan & Little Golu.