Thursday, November 7, 2013

Taxsutra and CCH India Launch Domestic TPedia - a Knowledge Portal and Discussion Forum on Domestic TP

Social Media platform helps Indian Tax Professionals navigate newly enacted Domestic Transfer Pricing provisions effective 30 November

Taxsutra and CCH India, a Wolters Kluwer business, today announced the launch of Domestic TPedia, a unique and first of its kind social media initiative around the newly enacted Domestic Transfer Pricing provisions (Domestic TP). Championed jointly by online Tax Update and Analysis portal Taxsutra and CCH, this knowledge/community portal can be accessed by clicking onhttp://domestictp.taxsutra.com/.

With the first compliance due date under Domestic TP just around the corner ‒30 November, 2013 ‒ most tax consultants, CFOs and corporate tax executives and managers are likely to grapple with implementation challenges.

Domestic TPedia has been built as a discussion forum for professionals to raise and discuss various issues, share inputs and views on Domestic TP. The technical discussions and legal debates on various issues surrounding Domestic TP will be led by seasoned tax professionals and experts, with active contribution from the Taxsutra Editorial team to ensure users benefit from rich and relevant technical content on the subject.

Editor of Taxsutra Arun Giri said the forum will continue to be active after its November launch so that Taxsutra and CCH India can continue to build a knowledge base and incorporate the experiences of the inaugural Domestic TP season.

Taxsutra Co-Founder Ameya Kunte added that because the subject of Domestic Transfer Pricing is new, there is limited available guidance and so Domestic Tpedia will allow professionals to collaborate in the implementation of the new law.

Thomas Abraham, Managing Director CCH India said this joint initiative demonstrates CCH's constant endeavour to provide value to the tax professionals community and so he and his team are pleased to expand CCH's partnership with Taxsutra to launch this helpful forum.

Users can access and participate in the on-going discussion forums by completing the simple registration process. The best comments and contributions from users will win attractive prizes from Taxsutra and CCH!

About CCH, a Wolters Kluwer business

CCH India (www.cchindia.co.in), a Wolters Kluwer business, is a global provider of tax, accounting and audit information, books, software and services. CCH India provides information, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. CCH India also runs customised and high quality seminars for professionals in the Tax, Accounting and Legal fields. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

About Taxsutra

Taxsutra.com equips tax practitioners with unrivalled, real time, unlimited access to updates and analysis of important income tax rulings and news both domestic and international. Built on an interactive platform, Taxsutra.com includes special features like blogs, discussion forums, expert columns and litigation trackers that makes it a most vibrant source of information. Taxsutra provides three portals: Realtime portal: www.taxsutra.com ; Transfer Pricing portal: www.tp.taxsutra.com; and Portal on Central Indirect Taxes:www.idt.taxsutra.com.

Polaris Moves up to the 34th Position among Top Global Financial Technology Providers in FinTech 100

Move up by 4 positions reflects the company's growth from innovative solutions

New Jersey, United States, London, United Kingdom and Chennai, Tamil Nadu, India, Thursday, Polaris Financial Technology Limited, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, announced today that it has moved up four positions to rank 34 on the FinTech 100 for 2013. This annual international listing ranks top vertical technology service providers who derive more than one third of their revenue from the Banking Industry as named by American Banker, Bank Technology News and IDC Financial Insights.

"Our move up on the FinTech 100 ranking is recognition of Polaris' leading presence in the global financial services market," said Arun Jain, Founder, Chairman & Group CEO, Polaris Financial Technology Limited. "This year's ranking is a testament to our continued commitment towards delivering innovative, cost efficient and high performance solutions that power the change initiatives of leading global banks and financial enterprises. The current FinTech ranking is a direct result of the growing footprint of our transformative technological solutions across financial institutions worldwide, uniquely positioning Polaris as the transformation specialist."

Polaris launched the world's first financial technology design centre, FT 8012, to engineer solutions that drive unprecedented value by uniquely connecting business, technology and operations in the design process. Polaris' introduction of Design Thinking as a key differentiator in developing solutions for the transformative agendas of CIOs of banks and financial institutions worldwide, has established the company as a thought leader with game changing solutions, emerging from a collaborative design process.

The company's deep domain expertise coupled with design capabilities saw the launch of three path breaking solutions at a recent annual banking and financial conference: iGTB - The world's first complete Global Transaction Banking Platform; Payments Hub - A real-time payments solution that minimizes operational risk and improves the Straight Through Processing rate to over 90%; and the revolutionary Canvas Technology - An Omni-Channel solution that enables role-based efficiencies for Financial Institutions. This follows the growing international foot print of Polaris' Intellect, a pure play Service Oriented Architecture (SOA) based application suite that spans Retail Banking, Corporate Banking, Treasury and Liquidity Management, Core Banking, Capital Markets, Asset & Wealth Management and Insurance. Backed by relentless commitment to better Design, Diagnostics and Delivery, Polaris is fast emerging as the ideal partner for banks' and financial enterprise's transformation initiatives.

For more information about the rankings, visit http://www.idcfi.com/services/fintech100.jsp
To view the FinTech Special report, visit http://www.americanbanker.com/fintech100/

About Polaris Financial Technology Ltd

Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect® Global Universal Banking (GUB) M180. Intellect® is the world's first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure.

This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 13,000 solution architects, domain and technology experts. For more information, please visit http://www.polarisFT.com/.

ixigo Launches Revamped App For Android & iOS Platforms

The All New Ixigo App Wins the Mobby's Award
ixigo.com, India's leading travel planning and search engine has launched a redesigned and revamped ixigo app - India's most comprehensive travel planning & search app. The app allows travelers to find the best hotel rates across 200,000+ hotels by comparing hotel booking site, cheapest flight tickets across all 100+ travel websites, destination travel guides, places to visit, things to do, restaurants, trains and buses all within a matter of a few clicks. The application has been launched for Android and iOS users and can be downloaded from the Google Play Store or Apple App Store for free. Within a few days of launch, ixigo's revamped app has won the prestigious MOBBY's Award 2013 for the best mobile travel app across platforms, at an award function held in Mumbai. The ixigo trains app also won the best Android app award across categories.

Speaking at the launch, Rajnish Kumar, co-founder & CTO, said - "ixigo is known in the travel industry for its unique approach to travel content aggregation and for staying ahead of the curve on mobile apps. We have completely redesigned the ixigo app for iOS 7 and for Android, and have kept it really simple and light-weight for the phone's memory too. This is a big update !"

ixigo's app is unique in its ability to compare information and prices from multiple travel sites, as well as show ratings and reviews aggregated from multiple hotel review websites. The app also features the semantic search functionality of ixigo's website that intelligently deciphers natural language queries and answers them with a rich, useful mobile page as an output. Another useful feature is 'Near me' - which provides useful location-based information on stay, eat, shop and see options nearby to the traveler.

In the last six months, ixigo has launched a series of mobile travel apps including ingoa-Goa travel guide, On the way - indian road trips, ixigo PNR Status
and ixigo buses.

The design language of all ixigo apps is simple, fast and intuitive. The ixigo app allows travelers to install all relevant ixigo apps depending on his/her immediate need. Cumulatively, ixigo's apps across platforms have been downloaded by over 1.3 million users as of date.

About ixigo.com

ixigo.com is India's leading travel planning and search website, voted as the Product of the Year 2013, in the Travel category. Launched in 2007 by IIT, INSEAD and Amadeus alumni, ixigo.com's vision is to simplify the life of travelers through innovative travel products for Internet & mobile. The website searches, aggregates and curates travel information across hundreds of travel sites and allows travelers to access relevant information on tourist destinations, places to visit, things to do, modes of transport, driving directions, hotels, restaurants, weather and more. ixigo is used by over 2.5 million users every month across the website and mobile devices. ixigo.com has launched many industry-first innovations and won several prestigious awards and recognitions from TiE, NASSCOM, Business Today, Red Herring & Mint. ixigo.com is an investee company of SAIF Partners &MakeMyTrip Limited. For more information, visit www.ixigo.com and keep up with updates on Facebook-www.facebook.com/ixigo and Twitter- www.twitter.com/ixigo.

Daiichi Sankyo Recognized for Achieves Position of Leadership for Climate Change Action in “CDP JAPAN 500 CLIMATE CHANGE REPORT 2013”

Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) today announced that the company has been selected “Climate Performance Leadership Index (CDLI)” as a highly achieving company for the action to mitigate the risks of climate change and reduce emissions, as a result of investigation and evaluation on climate change by CDP.

CDP evaluates the company actions to mitigate climate change based on the contents of the provided information from the companies, and the companies featured in the CPLI are recognized with their highest performance to measure, evidence and manage the greenhouse gas emissions.

This time, 12 of the large Japanese 500 companies (FTSE Japan Index 500) are selected.

We believe that the achievement results in the high evaluation of our constant efforts in our environmental managements and information disclosure. We would like to continue to address the global environmental issues and to contribute to create the sustainable society.


About CDP
CDP, formerly known as the Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.