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India News on September 19, 2013


Life Insurance Industry to Record Growth of 12-15% over the Next 5 Years
-- Increase in FDI for Life Insurance Industry to 49% will see inflow of upto US$ 10 billion -- Life Insurance Industry to have close to 5 lakh employees by 2020 Life Insurance Council, the industry body of life insurers in India, has estimated life insurance industry to record a CAGR of 12-15% over the next 5 years Business Wire India

CG Flags Off its First Batch of 500 kV Transformers for State Owned Utility PT PLN
-- Largest rating ever produced in Indonesia and the ASEAN region -- Will reduce PT PLN’s dependence on importing such equipment Avantha Group Company CG today flagged off its first batch of 500 kV Transformers from its state-of-the-art Transformer manufacturing facility located in the industrial area of Cileungsi, Bogor, Indonesia Business Wire India

UST Global Transforming Lives Through Partnership with “Peace One Day”
UST Global, an information technology solutions and services company for Global 1000 enterprises, today announced its partnership with “Peace One Day”, a non-profit organization, to help institutionalize an annual day of ceasefire and non-violence on the 21st of September Business Wire India

Media Workflow and Resource Management (MWRM) in Broadcast can Provide up to 60 Percent Total Time and Cost Savings, Finds Frost & Sullivan
Video transmissions have changed dramatically over the last decade. From what was once a closeted in-home experience, it has transformed into an on-demand anywhere-anytime-anything application that occupies considerable real time in our lives through our Smart TVs, computers, mobile phones, and innumerable portable gadgets Business Wire India

Budli India’s First Instant Online ReCommerce Portal Launched
Apple announced new iPhones on September 10th. Samsung recently launched a plethora of new devices. With technology throwing us ever newer and cooler gadgets at breakneck speed, it isn’t surprising that even relatively new products are becoming outdated soon Business Wire India

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