Saturday, July 22, 2023

CLASP Collaborates With EESL At The 14th Clean Energy Ministerial To Accelerate India's Net Zero Transition

CLASP and Energy Efficiency Services Limited (EESL) signed a Memorandum of Understanding (MoU) at a side-event on "Accelerating India's Net Zero Transition through Energy Efficiency, Sustainable Cooling & Mobility" at the 14th Clean Energy Ministerial (CEM14) to support EESL's 10 million Energy-Efficient Fans programme, which will help support India's transition to Net Zero Carbon Emissions. The event was attended by members of the Ministry of Power, Bureau of Energy Efficiency, State ministers from Andhra Pradesh and Orissa among others.

CEM14 brings together energy ministers, business leaders, policymakers, and experts from around the world to collaborate and take collective action through energy efficiency measures across sectors. During the event, Vishal Kapoor, CEO - EESL unveiled EESL's 10 million Energy-Efficient Fan programme, which aims to transform India’s market towards energy-efficient ceiling fans. By raising the efficiency levels of the entire stock of residential ceiling fans, India could save 15% of its residential power consumption annually.

Under the partnership agreement, CLASP will support ceiling fans market transformation programme with technical assistance and capacity building to EESL on Quality Assurance and Quality Control (QAQC).

Vishal Kapoor, Chief Executive Officer, EESL, said, “These partnerships and collaborations reinforce EESL's commitment to driving energy efficiency and sustainability in various sectors. By pooling our expertise and resources with experts, we will accelerate the pace of India's transition towards clean energy solutions. EESL remains dedicated to promoting a clean, sustainable, and inclusive energy future, while addressing the challenges and opportunities associated with energy efficiency.”

Bishal Thapa, Senior Director, CLASP, said, “A programme of this scale and nature is a true representation of the collaboration needed to keep our planet cool amid rising temperatures. CLASP applauds EESL’s efforts in bringing together several organizations, who will bring their shared expertise to work towards a single goal of enabling efficient cooling in India.”

AU Bank Delivers Strong Operating Performance - Net Profit Grows By 44% YoY to Rs 387 Crore


Bank acquired 3.75 lakh customers in Q1’FY24 of which 45% was via digital products and channels   

Total Credit cards reached 6.1 Lacs whereas deposits sourced via Video Banking crosses Rs 1,300 Crore  

Pre-provisioning Operating profit up 39% YoY to Rs 546 Crore; Net interest income up by 28% to Rs  1,246 Crore and Net Interest Margin at 5.7% 

Gross advances up by 29% YoY to Rs 63,635 Crore 

Total deposits up by 27% YoY to Rs 69,315 Crore; CASA ratio stands at 35% while CASA+ Retail Term Deposit stood at 68% 

Total Capital Adequacy Ratio was 21.5% and Tier-1 ratio was 19.9%, excluding profits for the quarter 

GNPA% at 1.76% decreased by 20 basis points YoY, NNPA% at 0.55%  

Provision coverage ratio stands at 73%; Bank is carrying additional provisions of Rs 128 Crore against contingency and against standard restructured assets 

Opened 11 new physical touchpoints taking total touchpoints to 1,038 across 21 states and 3 UTs 

The Board of Directors of AU Small Finance Bank Limited at its meeting approved the financial results for the quarter ended June 30, 2023.  

Executive Summary 

Q1’FY24 saw gradual improvement in inflationary pressures amidst resilient macro-economic indicators. While domestic liquidity saw marginal improvement, the interest rates continued to remain elevated. Against this backdrop, Bank delivered consistent performance across business parameters leading to a steady start for the financial year 2023-24. Despite Q1 being a seasonally weak quarter for banking, the Bank saw growth across its assets and deposits with profitability growing by 44% on a YoY basis supported by a strong NII growth of 28% YoY.   

Bank launched several products during the quarter – most notable was ‘AU IVY’, an-invite only premium banking program for our HNI customers, offering an integrated wealth management journey that is completely paperless and signatureless. Additionally, we launched RuPay Business Credit cards for our MSME customers and also went live with Corporate Salary account opening journey on our video banking. 

Performance at a glance:  


The Bank’s pre-provisioning operating profit (PPoP) for Q1’FY24 grew 39% YoY to Rs 546 Crore compared to Rs 394 Crore in Q1’FY23. The net profit at Rs 387 Crore in Q1’FY24 grew 44% YoY compared to Rs 268 Crore in Q1’FY23 

The Bank’s Net Interest Income (NII) grew 28% YoY to Rs 1,246 Crore compared to Rs 976 Crore during Q1’FY23.  

Net Interest Margin (NIM) for Q1’FY24 stood at 5.7% compared to 5.9% in Q1’FY23  

The Return on Asset (ROA) and Return on Equity (ROE) stood at 1.7% and 13.8% respectively even as we continue to invest significantly in people, digital, branding, products and distribution to build a future ready bank 


The total deposits grew 27% YoY to Rs 69,315 Crore compared to Rs 54,631 Crore in Q1’FY23 

The current account deposits increased by 47% YoY in Q1’FY24 whereas savings account deposits saw an increase of 11% YoY   

The Bank had a Liquidity Coverage Ratio (LCR) of 151% as on March 31, 2023, and thus the focus in Q1’FY24 was to consume this excess liquidity instead of growing high-cost deposits. Accordingly, in June’23, the Bank reduced its peak deposit rates by 25 basis points across savings and retail term deposits. The retail term deposits saw a growth of 8% on QoQ basis 


The Bank’s Gross advances grew by 29% YoY to Rs 63,635 Crore in Q1’FY24 compared to  Rs 49,349 Crore in Q1’FY23 

Of the total advances, Vehicle Loan contributes 33% and Secured Business Loans (SBL), Home Loan as well as Commercial Banking Loans contribute 30%, 7% and 21% respectively 

Asset Quality  

Bank’s asset quality improved on YoY basis with GNPA at 1.76% in Q1’FY24 vs 1.96% in Q1’FY23. On a QoQ basis, GNPA increased 10bps from 1.66% as on Q4’FY23.  

The QoQ growth in GNPA is seasonal in nature with Q1 being a sluggish quarter historically 

Net NPA stood at 0.55% of the Net advances in Q1’FY24 vs 0.56% in Q1’FY23 

Provision coverage ratio remain at 73% including technical write off and floating provision 

Payments and Digital  

Credit Card:  

Crossed a milestone of 6 Lac+ live credit cards  

Monthly spend now at Rs 1,250 Crore in June 2023   

Out of the total live credit cards, 69% cards have been issued to New to Bank (NTB) customers  

Video Banking :  

Total deposits of customers onboarded via video banking channel stands atRs 1,310 Crore+  

82K service and engagement video calls received in Q1’FY24 

Facilitated in opening 3.5 Lac+ CASA account and 1.7 Lac+ credit cards, since the launch  

AU 0101:   

Share of digital transaction by our CASA customers increased to 99% in Q1’FY24 from 98% in Q1’FY23. The consistently improving digital adoption has helped improve the Monthly Active Users (MAU) on our AU 0101 digital banking app 

The customer base using our digital properties like AU 0101 increased to 21.6 Lac in Q1’FY24 from 11.9 Lac in Q1’FY23. Of these, 12.2 Lac customers have been availing services actively on monthly basis 


1 Mn+ UPI QRs installed till Q1’FY24 

Over Rs 250 Crore worth of loans disbursed to the merchants using AU UPI QR by monitoring the transactions on the platform. Average ticket size of this loan has been ~? 2 Lacs 


Keeping in line with our strategy to grow our distribution network, we have added 11 touchpoints and branches during the quarter and for the full year, Bank plans to open 50+ branches and touchpoints additionally 

We are now present in 21 states and 3 UTs with 1,038 physical touchpoints 

Credit Rating  

CRISIL AA+/Stable for Fixed deposit program   

CRISIL AA/Stable for Tier 2 Bonds  

CRISIL A1+ for certificate of deposit program  

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “The first quarter of FY24 saw improved macro environment with moderating inflation, narrowing current account deficit and rising foreign exchange reserves. The rural economy also continued to recover and the monsoon is likely to support the credit demand in rural and semi-urban areas. I am quite optimistic about the Indian economy and the banking sector looks poised for sustained period of growth.  

Amidst this macro backdrop, AU SFB delivered another quarter of consistent performance across parameters with sustainable growth in our assets, deposits and profitability despite some impact on our margins due to deposit repricing and negative carry from excess liquidity buffers. The strong performance in this quarter is a testimony to our highly competent and empowered team and our business model which allows us to capture customer imagination, which in turn allows us to service our customers in an innovative manner. 

Like every other quarter, we have continued to strive to improve the digital adoption by our customers and 45% of our new customer acquisition has been via digital products and channels like ‘AU 0101', which is among the top-rated banking apps in the country.  

Going forward, we will continue to focus on sustainable growth, aiming to improve our balance sheet size while penetrating deeper into rural India, where a significant unbanked population resides.” 

About AU Small Finance Bank:  

AU Small Finance Bank Limited (AU Bank) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country. Starting its journey from the hinterlands of Rajasthan, today AU SFB is the largest Small Finance Bank with a deep understanding of the rural and semi-urban markets that has enabled it build robust business model facilitating inclusive growth. With 28 years legacy of being a retail focused and customer-centric institution, AU started its banking operations in April 2017 and as on 30th June 2023, it has established operations across 1,038 banking touchpoints while serving 41.3 Lac+ customers in 21 States & 3 Union Territories with an employee base of 28,446 employees. The Bank has a net worth of Rs 11,379 Crore, deposit base of Rs 69,315 Crore, Gross Advance of Rs 63,635 Crore and a Balance sheet size of Rs 91,583 Crore. AU Bank enjoys the trust of marquee investors and is listed at both the leading stock exchanges viz. NSE and BSE. It has consistently maintained high external credit Rating from all major rating agencies like CRISIL, CARE Ratings and India Ratings. 

“Embrace Your Potential As Leaders:” Air Chief Marshal At Centenary Investiture Ceremony Of The Hyderabad Public School, Begumpet

* Applauds the school for cultivating effective leaders. 

* Congratulates the school for creating a legacy that extends far beyond itself. 

The Hyderabad Public School organized its traditional annual Investiture Ceremony to recognize and honor its outstanding student leaders. The Investiture Ceremony holds great significance as it instills a sense of leadership and accountability among the student body. The event was graced by Chief Guest- Air Chief Marshal VR Chaudhari PVSM AVSM VM ADC, his gracious lady, Mrs. Neetha Chaudhari, Mr. R Raghuram Reddy Vice Chairman of HPS Board of Governors, President of HPS Society Mr. Gusti Noria, British Deputy High Commissioner Mr. Gareth Wynn Owen and a distinguished HPS alumnus, Lord Karan Bilimoria, Member of the House of Lords, as the Guest of Honour.  

During the ceremony, the school bestowed various leadership positions upon deserving students, including the Student Council, House Captains, Prefects, and other important roles. These positions empower students to lead by example, represent their peers, and contribute positively to the school community. The Chief Guest inspected student troops of 152 NCC Cadets from the Army, Navy, Air Force & Girls wings before walking through a corridor of the Prefects troop and the Color Party. The audience watched in admiration.  

The Investiture Ceremony at The Hyderabad Public School goes beyond the mere conferring of titles; it is an opportunity to inspire and nurture the future leaders of society. The head boy, head girl, shared their experiences and gratitude to the teachers, parents, and management. The ceremony served as an occasion to acknowledge and appreciate the achievements, talents, contributions, and commitment of the students to the school, thus motivating them to continue to excel and raise the bar for themselves. 

Wishing students, the best for their leadership journey, Lord Bilimoria said, “As an alumnus of this esteemed institution, I learned that true leadership lies in empowering others, inspiring collective action, and striving for positive change. It is our duty to lead with integrity, empathy, and a vision that transcends individual ambitions. Guided by the values instilled within us during our time at this remarkable school you can shape a brighter and more inclusive society wherever you go.” 

Addressing the students, the Air Chief Marshal said, “The world needs leaders who are compassionate, ethical, and visionary. Leadership is a journey of continuous learning and growth. Never stop seeking knowledge, developing new skills, and refining your leadership abilities.” 

"Our Investiture Ceremony is a celebration of leadership, character, and the limitless potential of our students. This ceremony encourages and empowers the students to continue making a positive impact within our school and beyond. We are privileged to have Air Chief Marshal and Lord Karan Bilimoria as the guests for our Investiture Ceremony. Their remarkable achievements and commitment to leadership align perfectly with the values we strive to instill in our students. We believe that their presence will inspire them to reach for the skies.” said Dr. Skand Bali, Principal of The Hyderabad Public School. 

The values of integrity, discipline, empathy, and leadership are woven into the fabric of the school's culture. As HPS commemorated its hundred-year-old empyreal heritage, it reaffirmed its commitment to nurturing young minds, imbuing strong values, and fostering leadership qualities. The investiture ceremony was also marked by the launch of the leadership program LEADER that serves as a reminder of the school's mission of paving the way for future leaders. 

About HPS 

Established 100 years ago, The Hyderabad Public School, also known as HPS, has the distinction of being one of the oldest educational institution systems nurturing leaders of tomorrow. The HPS way makes learning the focus instead of teaching, helping it to stay in tune with changing times and delivering top-notch education to its students. What sets HPS apart is its ability to provide an ecosystem for all-round development, incorporating learning methodologies that rely on self-discovery, encourage curiosity, and develop value-based leadership and management skills of the students. With a 120-acre campus, state-of-the-art labs, naturally ventilated classrooms, unparalleled sports infrastructure, residential facilities, and best-in-class faculty students, both day and boarding, have access to the best of facilities and teaching staff. Interestingly, Shaheen - the majestic Eagle - is the mascot of the school and is a reflection of the institute’s philosophy to always conduct oneself with dignity and respect and yet soar above the rest.  

HPS’ alumni base boasts of successful and well-known CXOs who run global corporations or are influencers in their fields. In 2019, the Harvard Business Review placed three of its alumni among the “Top 10” best-performing CEOs globally. These include Satya Nadella, Shantanu Narayan and Ajay Pal Banga. The HBR rating is a testimony to HPS having found the secret sauce to creating leaders of tomorrow. Significantly, Mr. Banga was recently nominated for the post of President of the World Bank by the US President Joseph R. Biden.    

In 2023, HPS is proudly celebrating its centenary completion, and is gearing up to achieve its vision of becoming one of the top schools globally by 2050. 

About HPS Centenary Celebrations: The Centenary Celebrations, which began in January 2023, comprise a year-long series of events for students, staff, parents, and the alumni. 

Photo Caption: Chief Guest Air Chief Marshal VR Chaudhari, Guest of Honor Lord Karan Bilimoria, President of HPSS Mr. Gusti Noria and Principal Dr. Skand Bali pose with the prefectorial board of The Hyderabad Public School during the Centenary Investiture Ceremony

Monsoon Skincare Secrets: 5 Essential Tips For Sensitive Skin

The monsoon season poses unique challenges for every skin type including oily , dry, and combination skin.  The rainy season makes your skin more sensitive than usual, and it’s mainly due to the increased humidity and environmental factors that lead to irritation, breakouts, and imbalances in people of all skin types. However, establishing a proper skincare routine can assist you overcome these barriers and maintain a healthy, radiant complexion. Get ready to embrace the rains as Cetaphil Skincare Experts reveals the secrets to perfect, glowing skin. This carefully curated guide will empower you to navigate this season with confidence:

Embrace Gentle Cleansing for Sensitive Skin

Start your monsoon skincare routine with gentle cleansing to remove excess oil, dirt, and pollutants that accumulate on the surface of your skin. Opt for the Cetaphil Gentle Skin Cleanser, specially designed for sensitive skin. This clinically proven creamy formula effectively removes impurities without stripping away essential moisture. With its science-backed blend of niacinamide, panthenol, and hydrating glycerin, this cleanser improves the resilience of sensitive skin[i]

Lightweight Moisturization and Hydration

Hydration is crucial to maintain the health of sensitive skin even during the monsoon! To avoid clogged pores and breakouts, look for lightweight, oil-free moisturizers that provide the perfect balance of hydration or opt for moisturizers that contain ingredients like hyaluronic acid or glycerin, which attract and lock in moisture. Pro tip: Apply your moisturizer while your skin is slightly damp for enhanced absorption and a refreshed feel throughout the day

Sun Protection, Rain or Shine

Don't be fooled by cloudy skies—harmful UV rays can still reach your sensitive skin. Shield yourself from UV radiation by using a broad-spectrum sunscreen with a high SPF, preferably 30 or above. Look for sunscreens specifically formulated for sensitive skin and free of harsh chemicals like oxybenzone and parabens. Remember to reapply sunscreen every two to three hours, especially if you're spending time outdoors

Combat Excess Oil with Toning

Humidity during the monsoon can make your skin more prone to skin issues. To combat excess oil, incorporating a gentle toner into your skincare routine is advisable. Seek toners that contain natural ingredients like witch hazel or tea tree oil, known for their sebum-balancing properties and inflammation reduction. Use the toner after cleansing and before applying moisturizer to maintain a balanced and shine-free complexion. Avoid toners containing alcohol, as they can further irritate sensitive skin

Unleash the Power of Hydration Boosters

Revitalize and hydrate your sensitive skin during the monsoon with the power of hydration boosters. Look for products enriched with potent hydrating ingredients like hyaluronic acid, ceramides, or vitamin E. These ingredients work wonders by replenishing moisture levels, strengthening the skin's barrier function, and promoting a plump and supple complexion. Consider including a hydrating serum or extract in your skincare routine to boost moisture and give your face that desirable glow. Embrace the unique benefits of hydration boosters and let your skin thrive even on the most humid monsoon days

Bid farewell to the challenges of the monsoon season and embrace a skincare routine that caters to your sensitive skin. By implementing these five essential skincare tips, you can maintain a healthy and glowing complexion even in the face of increased humidity and dampness. Remember, everyone’s skin is unique, so it's important to listen to your skin and adjust your skincare routine accordingly.

Friday, July 21, 2023

Dalmia Bharat Limited Reported Its Consolidated Financial Results For The Quarter Ending June 30, 2023

Q1’FY24 Highlights 

Volume increased 12.4% YoY to 7.0 MnT  

Revenue increased 9.8% YoY to Rs. 3,624 Cr  

EBITDA/T stood at Rs. 872/T 

Installed capacity increased to 41.7 MnTPA  

One of Lowest Carbon footprint in global cement world at 462 kgCO2/Ton of Cement 

Renewable Energy capacity increased to 170 MW 

Net Debt/EBITDA stood at 0.52x 

Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending June 30, 2023. 

Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “We are in midst of a strong demand environment on the back of a sustained push by the Government on infrastructure and a robust real estate cycle already kicking in. Though we have strong conviction in our ability to outperform the industry, this quarter has been a disappointment as against our expectations. Having said so, we remain focused on seizing the emerging demand opportunities, sustaining our position as a cost leader and delivering sustainable return to our stakeholders.” 

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “During the quarter gone by, we delivered a 12%YoY growth in cement volumes and witnessed further softening of fuel prices. Given the promising outlook for cement demand, expectation of stable cement prices during rest of the year and softening in commodity costs, we anticipate a gradual improvement in profitability.” 

2.      Progress on Capacity Expansion 

Commenced commercial production at Bokaro Cement Manufacturing Works, Jharkhand (2.5 MnT). 

Completed debottlenecking at Midnapore, West Bengal (0.6 MnT). Total Plant capacity increased to 4.6 MnT.  

Commenced Trial Run of Greenfield Split Grinding Unit at Sattur, Tamil Nadu (2.0 MnT). 

Key Recognitions during Q1’FY24 

Won CII ITC Sustainability Awards for Excellence in CSR at a corporate level 

Our MD and CEO, Mr Puneet Dalmia won the Best CEO award from Business Today under the Cement category 

Won multiple awards by the following three units at cemWHR Conclave: 

Dalmiapuram - Cement Project of the Year 

Kalyanpur - Innovation for Sustainability  

Meghalaya - Cement Plant of the Year and Innovation for sustainability 

Won 14th CIDC Vishwakarma Awards for Safe Execution of Projects in the Achievement Award for Construction Health, Safety & Environment Category 

Awarded under ISCM 5th India Logistics & Warehousing Excellence Awards 2023 

Won Green Champion Award 2022 for environmental improvement initiatives 

Ranked among the top 3 Most Sustainable Companies in Infrastructure and Engineering Sector and 23rd rank in top 50 Most Sustainable Companies (Overall) at the Sustainable World Conclave 2023.  

About Dalmia Bharat: 

Founded in 1939, Dalmia Bharat Limited (DBL) (BSE/NSE Symbol: DALBHARAT) is one of India’s pioneering cement companies headquartered in New Delhi. With a growing capacity, currently pegged at 41.7 MnT, Dalmia Bharat Limited is the fourth-largest cement manufacturing company in India by installed capacity. Spread across 10 states and 14 manufacturing units, the Company is a category leader in super-specialty cement used for oil well, railway sleepers and airstrips and is the country’s largest producer of Portland Slag Cement (PSC).  Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, prides itself at having one of the lowest carbon footprint in the cement world globally. It is the first cement company to commit to RE100, EP100 & EV100 (first triple joiner) – showing real business leadership in the clean energy transition by taking a joined-up approach. Visit us at  

Union Bank of India Announces Robust Financial Results For Quarter Ended June 30, 2023

The Board of Directors of Union Bank of India approved the accounts of the Bank for the Quarter ended June 30, 2023. 

Key Highlights in Q1FY24 

1.    Strong Financial Performance:  

Net Profit of the Bank increased by 107.67% on YoY basis during Q1FY24. Net interest income of Bank grew by 16.59% on YoY basis during Q1FY24. 

2.    Bank continues to demonstrate a strong Liability franchise:  

The CASA deposits have increased by 7.17% YoY. Bank now have a total deposits base of Rs.11,28,052 Crores as on June 30, 2023. 

3.    Business Growth gaining momentum: 

Total Business of the Bank increased by 13.08 % YoY, wherein Gross Advances increased by 12.33 % YoY & Total Deposit grew by 13.63% YoY. Bank have a total Business of   Rs.19,46,509 Crores as on June 30, 2023. 

4.    Credit in Retail, Agri and MSME (RAM) segments: 

RAM Segment of the bank increased by 14.92 % YoY, where 16.47 % growth in Retail, 13.37% growth in Agriculture and 14.88 % growth in MSME advances is achieved on YoY basis. RAM advances as a per cent of Domestic Advances stood at 55.92%. 

5.    Reduction in NPA:  

Gross NPA (%) reduced by 288 bps on YoY basis to 7.34% and Net NPA (%) reduced by 173 bps on YoY basis to 1.58% as on 30.06.2023. 

6.    Strong capital ratios: 

CRAR improved from 14.42 % as on 30.06.2022 to 15.95 % as on 30.06.2023. CET1 ratio improved to 12.34 % as on 30.06.2023 from 10.68% as on 30.06.2022. 

7. Cost efficiency and improved return: 

Due to reduction in Cost to Income & Credit Cost ratios, Bank’s Return on Assets &  Return on Equity improved to 1% and 18.97% respectively.  

Bank of Baroda Celebrates Its “116th Foundation Day”

* The theme for the Bank’s 116th year is “ACE - Achieve Collaborate Excel: Building a Stronger Future Together” 

Bank of Baroda (Bank), one of India’s leading public sector banks celebrated its “116th Foundation Day”. The theme for the Bank’s 116th year is “ACE - Achieve, Collaborate, Excel: Building a Stronger Future Together”, setting the agenda for the Bank to continue to dream big, strive for excellence and build a stronger, more prosperous and shared future together. 

The Bank was founded by Sir Maharaja Sayajirao Gaekwad III, a visionary and reformer. From the first branch that was set up in Mandvi in Baroda in 1908, Bank of Baroda has today established itself as the 2nd largest public sector bank in the country. The Bank also has a strong international presence with a network across 17 countries.   

On the Bank’s 116th Foundation Day, Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “Bank of Baroda's 116th Foundation Day is an important landmark in the Bank’s glorious history and is a proud moment for us all. Bank of Baroda is a unique blend of old and new. A bank with a rich legacy of 115 years that has stayed ahead of the curve by embracing innovation and constantly reinventing itself to earn the trust and patronage of its customers and other key stakeholders. Today, as we reflect on our achievements and milestones accomplished over the years, it is also an opportune time to look forward as we aim to set new benchmarks in banking.” 

On the occasion, the Bank felicitated customers who have made a significant contribution in the areas of MSME, Science & Medicine, Literature, Social Work, Industry, Sports and Art & Cinema.  

About Bank of Baroda 

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over 150 million through over 70,000 touch points spread across 17 countries in five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The Bank’s bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through video KYC. The Bank’s vision matches its diverse clientele base and instills a sense of trust and security. It is moving well in that direction and bob World is a testimony of its roadmap towards Digital Transformation. 

Visit us at  






Thursday, July 20, 2023

India Should Soon Become A Global Hub For Sustainable Fashion; Says International Apparel And Fashion Experts At ASW 2023

~ Apparel Sourcing Week unveils a global showcase of Specialized Fabrics, Sustainable Technologies, and futuristic textile products in India ~

~More than 10,000 brands, retailers, manufacturers, and D2C brands from 15 countries are taking part in Asia’s premier apparel sourcing event~

Today, from firmly established brick-and-mortar retailers to continuously growing e-commerce giants to omnichannel players, globally known designers to young talent and top emerging brands, all are putting in dedicated efforts for the triple bottom line, People, Planet, and Profit. Having their own corporate structure, legal and ethically responsible; strong collaboration with international brands and retailers; growing consumer awareness and the ability to save on cost are some of the major factors motivating retailers to tread the path of sustainability. International experts from textile, apparel, and fashion industries representing over 15 countries gathered today at Asia’s premier sourcing show for the global fashion and retail industry- Apparel Sourcing Week (ASW) 2023. These internationally acclaimed experts emphasized on the need for India to become the global hub for sustainable fashion. Manufacturers from Bangladesh, Hong Kong, Australia, Sri Lanka, Indonesia, and other countries converged to showcase their innovative solutions, making a resounding commitment to a more sustainable and responsible future.

The much-awaited third edition of Apparel Sourcing Week (ASW) 2023 kickstarted on a remarkable note with its first day witnessing an inspiring display of specialized fabrics and sustainable technologies at the iconic Hotel Sheraton Grand and Convention Center in Bengaluru. The opening day of ASW 2023 was more than just a platform for fashion sourcing; it highlighted the significant benefits such efforts bring to society. By embracing sustainable practices, the event demonstrates the fashion industry's determination to create a positive impact on both the environment and the communities it serves.

The first day of ASW 2023 saw industry leaders representing some of the biggest and most popular apparel manufacturers sharing their thoughts on a host of important aspects of the future of manufacturing, retail, technology and sourcing in the industry. Popular manufacturers from the apparel retail industry such as Aitken Spence Apparel, Timex Garments (Pvt.) Limited, Sarasavi Exports, Colmans Garments Group (all from Sri Lanka); Azim group, Pakiza, Mitali Fashions (all from Bangladesh); Pratibha Syntex, SCM Garments, Creative Garments Pvt Ltd.Texport Industries (all from India), and many more.  The event's success on the first day has set the stage for an exciting second day on July 21st, where industry stakeholders will continue to tap into the immense potential of the booming Indian fashion retail market.

“ASW 2023's ability to bring together over 15 countries and showcase 150 exhibitors exemplifies its pivotal role in shaping the future of apparel sourcing. The event has become more than just a platform; it's a catalyst for transformative change in the fashion industry. By tapping into the booming Indian fashion retail market and embracing sustainable technologies, we are paving the way for a more responsible and vibrant fashion ecosystem. With each edition, ASW sets a new standard for excellence and innovation, and I am thrilled to be part of this remarkable journey towards establishing India as a prominent global fashion and textile hub." said Mayank Mohindra, CEO of ASW and Director, Apparel Resources at the inauguration of ASW 2023.

ASW 2023 plays a crucial role in supporting India's mission to become a global apparel and textile hub. The event boasts 150 exhibitors from various countries, including Bangladesh, Sri Lanka, India, Mauritius, Hong Kong, and Australia, along with 50-plus fabric and accessories manufacturers and 30-plus sponsors offering specialized fabrics to sustainable technology. This makes ASW 2023 the veritable one-stop sourcing solution for supply chain players in the fashion and retail industry.

The event featured an awe-inspiring line-up of speakers, consisting of esteemed industry experts and thought leaders who delved into the changing paradigms in the fashion retail landscape. Notable speakers included Bruce Atherley (Executive Director, Cotton Council International), Arjun Puri (Director, KAS Asia), Dr. Naresh Tyagi (Chief Sustainability Officer, ABFRL), Anant Ahuja (Head of Organisational Development, Shahi Exports), Jayesh Kothari (President - Sourcing, V-Mart Retail), Wicrant Gambhir (Head - Sourcing, Product Integrity & Quality, Babyshop Concept Landmark Group), Ranjan Mahtani (Executive Chairman, EPIC Group), Shreyaskar Chaudhary (Managing Director, Pratibha Syntex), Saikat Mitra (Sr. VP - Design & Creative Director, Van Heusen), Abhishek Bansal (Head of Sustainability, Arvind Ltd.), Pranav Jha (Director of Sourcing, Myntra), Shirish Srivastava (Head of Apparel Sourcing, PUMA India), Chippy Mehta (COO, Bombay Shirts Company), and many other esteemed personalities.

“We are very optimistic about India and introducing our brand here. India’s strong economy is a golden opportunity for companies like us, we are also planning to expand our manufacturing base in Asia,” said David Hillen, GM and Direction, Gildan who further adds that Apparel Sourcing Week (ASW) has proved a good platform for Gildan to enter into India.

With the turnover of US $ 2.9 billion and 50,000 employees Gildan, is one of the world’s leading manufacturers of basic apparel, started in Canada over 30 years ago.

Shreyaskar Chaudhary, MD, Pratibha Syntex Ltd, said, “We are optimistic about long term growth in Indian as well as global apparel retail market. Event like Apparel Sourcing Week (ASW) is helping us to explore new opportunity, to add new clients. We are also expanding and coming up a new massive unit in Madhya Pradesh.”

Pratibha Syntex, having annual turnover of Rs. 800 crores, is a large vertically integrated, sustainability-oriented supplier of knitted textile products. Engineering a new business paradigm, the company streamlines the production of cotton from fibre-to-garment to reflect emerging sustainable values in textiles and fashion.

The highlight of Day 1 at ASW 2023 was the SustainableNXT Conference & Awards, which served as a significant platform dedicated to fostering circularity, green building, sustainable materials, and practices in the fashion industry. The conference aimed to promote sustainability and pave the way for a greener future. ASW's commitment to driving positive changes in the industry was further emphasized through the SustainableNXT Awards, where 20 individuals and entities across five categories were honored for their exceptional efforts in advancing sustainability.


Tata Motors Today Announced The Launch Of Two New Variants In The Altroz Line Up, The XM And XM(S)

Tata Motors has announced the launch of two new variants in the Altroz line up, the XM and XM(S), priced attractively at INR 6.90 lakhs and INR 7.35 lakhs, respectively (ex-showroom, Delhi). The introduction of high-end features in these variants including the electric sunroof in XM(S) makes Altroz the most affordable premium hatchback to be offered with a sunroof. The XM and XM(S) variant will be positioned in between the Altroz XE and the XM+, thereby broadening the appeal of this best-selling premium hatchback. These variants will only be available in the 1.2 L Revotron petrol engine with manual transmission.

About the Altroz line up extensions:

The Altroz XM variant will come equipped with high end features such as steering-mounted controls, driver seat height adjuster, electrically adjustable and foldable ORVMs, R16 full wheel cover and a premium-looking dashboard. The XM(S) will additionally boast an electric sunroof. Customers will also be able to enhance these cars with a bigger infotainment system as per their choice from the Tata Motors accessories catalogue.

As an added advantage, the Altroz will now offer four power windows and remote keyless entry as a standard feature across its manual petrol variants. Along with this there are several additions to the existing Altroz 1.2 Revotron Petrol Manual variants as well.

•            XE variant will now come with rear power windows and remote keyless entry with follow me home lamps

•            XM+/ XM+S will be equipped with Reverse camera, Driver seat height adjuster, Cruise control, top-end dashboard look

•            XT will boast of Driver seat height adjuster, R16 Hyperstyle wheels and Rear defogger.


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Industry Veteran Ranjit Balakrishnan Appointed As 3i Infotech’s Global Chief Sales Officer

3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, committed to accelerating business transformation, announced the appointment of Ranjit Balakrishnan as its global Chief Sales Officer (CSO) responsible for the sales operations of the company. An industry veteran, Ranjit’s expertise lies in driving revenue growth and enhancing business value. He will be focusing on the implementation of 3i Infotech's innovative digital solutions encompassing Cloud, Digital IMS, Edge Computing, AAA to Future Tech.

In his current role as a global CSO at 3i Infotech, Ranjit is responsible for formulating and executing sales strategies that align with the company's goal of becoming a billion-dollar organization by 2030. By identifying and capitalizing on growth opportunities in North America, Europe (including the UK), APAC, and MEA markets, he aims to expand 3i Infotech's presence globally while simultaneously strengthening its stronghold in India.

With over 30 years of varied experience in the technology space, he has worked at global tech hubs of Singapore and San Francisco Bay Area for a large part of his career. Ranjit has held several strategic positions ranging from heading sales, delivery to running a full-fledged business unit, with some of the big technology companies in India and globally. He started his career in the late '90s with Satyam Computer Services Limited, now Tech Mahindra and eventually progressed to leadership roles. Ranjit's professional background includes significant positions at renowned companies such as Cognizant Technology, Tata Consultancy Services, Wipro Technologies, Sasken Communications, Mindteck, and Calsoft. These roles have enabled him to develop a deep understanding of client management, global account partnerships, digital platforms, and sales strategy. 

Commenting on the appointment, Thompson P. Gnanam, Managing Director & Global CEO, 3i Infotech said, “Over the last few years, we have brought in some of the sharpest minds and passionate technocrats into our organisation at senior levels to shape the course of this organisation. Ranjit, we believe is part of the strategic and visionary team we are creating at 3i Infotech. I’m excited on his joining us at this opportune time with the organisation poised for accelerated growth. His deep expertise in IT domains such as Product Engineering, AI, IT Services, Internet of Things (IoT) and Analytics is extremely valued, particularly as customers globally look at 3i Infotech as a digital transformation partner to revolutionize their businesses.”

Speaking about his new role, Ranjit Balakrishnan, Global Chief Sales Officer, 3i Infotech said, “I’m extremely delighted to join the vibrant team of 3i Infotech and be engaged in an incredible journey of intrapreneurship, intuition, and innovation. We are witnessing significant growth this year and I look forward to continuing to build on this momentum by expanding to other geographies and focusing on manufacturing, retail, and other sectors apart from BFSI. We have invested in startups that look at new business models aiming to be future-ready and plan to monetize and build on strategic investments made by 3i Infotech in the business narrative of cloud-first, digital inside cognitive-powered, and edge-ready solutions.” 

With a Bachelor's degree in Computer Science from the eminent Bharathidasan University and an MBA in Marketing and Finance from Bharathiar University, Ranjit possesses a strong academic foundation to complement his practical experience. He is a self-proclaimed tech enthusiast who remains up to date with the latest technological advancements and their impact on the industry.

About 3i Infotech  

3i Infotech Limited incorporated in 1993 and headquartered in Mumbai, India, provides information technology services and software solutions. Since its inception the company has 25+ years of experience in delivering business value to its clients across multiple industry verticals. 3i Infotech has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail, and Government sectors. The company currently stands with a strength of 6000 employees and over 500+ clients across the globe. 

It operates through three key segments, (1) Enterprise Services (includes ADMS, ISMS, Testing, Classic BPS, MVS etc.), (2) Professional Services (includes Human Capital Mgt. Services) and (3) Digital Business Services (includes IT & Digital Consulting, Application-Automation-Analytics (AAA), Digital Infrastructure Management Services (Digital IMS), CloudFirst, Oracle COE, Global Command Centre (GCC), Cyber SOC, Digital BPS, Cognitive Computing Services, 5G Lab as Service, Private 5G, IoT, Cyber Security Services, Secure Access Service Edge (SASE), AgriTech, Telecom Media Entertainment (TME), Edge Computing, Edge Analytics, NuRe Campus, FutureTech, etc.) 


PhonePe Launches India’s First Health Insurance Platform With Monthly Subscriptions

*       Only platform in the country where customers can pay for Insurance in easy installments through UPI on the PhonePe app

*      The company has tied up with multiple leading insurers to offer comprehensive Insurance plans in the market

PhonePe Insurance Broking Services, today announced the launch of health insurance plans offering comprehensive insurance in partnership with leading insurers.  What sets these health insurance plans apart is the introduction of the UPI monthly mode of payment, making them more affordable for customers. PhonePe has been at the forefront of driving Insurance penetration in the country by selling more than 5.6 million policies till date. PhonePe Insurance platform has also sold policies across 98% of India’s PIN codes and has served more than 200 Mn vehicle insurance quotes.

These health insurance plans, which come with coverage up to Rs.1 crore, allow users to choose any hospital room without any cap/limit. A user can also avail of innovative features like a bonus cover up to 7 times the base cover amount for each claim free year.  The Health Insurance plans being offered by PhonePe Insurance Broking are accompanied by pre and post-sales assistance to help users make informed decisions, file claims, and access other services.

Commenting on the launch, Hemant Gala, Vice President Financial Services at PhonePe said, "One of the biggest barriers in buying Health Insurance has been affordability and we have solved the same by creating India’s first Health Insurance marketplace focused on monthly payments. We believe this will drive deep penetration with users being able to pay in monthly subscriptions with a much lower financial burden.’’

Purchasing Health Insurance on PhonePe is simple and easy. All a user needs to do is:

Enter basic details for all the members you want to insure.

Proceed to the quotes page, select the desired quote, and move to the next page to enter personal and health details.

Review the information and either set up your monthly mandate or pay annually

About PhonePe Insurance Broking Services Pvt. Ltd. :

PhonePe Insurance Broking Services is a wholly owned subsidiary of PhonePe Pvt. Ltd. and is registered with IRDAI as a Direct Broker (Life and General)  under Reg. Certificate No. 766 (Valid till 10/08/24).

About PhonePe:

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 47+ crore (470+ Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.5+ crore (35+ Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe has been recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report for two consecutive years (2022 & 2023) by Trust Research Advisory (TRA).

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IIIT-B Successfully Hosts UK Royal Academy of Engineering Workshop On Digital Futures

The International Institute of Information Technology Bangalore (IIIT-B) announces the successful completion of its collaboration with the UK Royal Academy of Engineering for the esteemed workshop, "Digital Futures: Infrastructure for Equity, Inclusivity, Sustainability." The event took place recently and brought together global experts to explore the transformative potential of Digital Public Infrastructure (DPI) in promoting social equity, economic growth, and sustainability, while ensuring accessibility and inclusivity for all citizens.

The workshop served as a crucial platform for participants to engage in insightful discussions, exchange ideas, and collaborate on cross-cutting issues within three key themes: Designing DPI for Sustainability, Social Impacts of DPI and Security, Privacy, and Availability of DPI.

Prof. Debabrata Das, Director of IIIT-Bangalore, said “With the establishment of multiple Digital Public Good (DPG) like Modular Open Source Identity Platform (MOSIP) and Centre for Technology Innovation in Digital Governance (CTRI-DG) and Centre for Digital Public Infrastructure (CDPI) at IIIT-Bangalore, it becomes an ideal venue for a workshop such as the Frontiers Symposium. DPG has emerged as a crucial subject of discussion in both present and future times, as digitization plays a pivotal role in ensuring the inclusivity of all citizens and facilitating the implementation of government policies in India. Within IIIT-B, the CDPI encompasses a fundamental digital infrastructure component that provides individuals a universal digital identity worldwide. Over the past four years, we have successfully introduced MOSIP to 11 countries as national identity and we are receiving numerous inquiries from other nations as well. The advent of digital identities like MOSIP holds the potential to revolutionize the global economy and social landscapes. IIIT-B has been deeply engaged in extensive research, development and product innovation in this domain of DPG.”

Prof. Srinath Srinivasa, Dean (R&D), IIIT-Bangalore who chaired the workshop, said, “Digital Public Infrastructures (DPIs) are heralding a silent revolution worldwide-- with India playing a leading role. Be it authentication or e-commerce or mobile payments, DPIs are fundamentally altering the way societies are organized.  Given the fundamental impacts of DPIs in the foreseeable future, a comprehensive approach toward the design and management of DPIs has become imperative. Against this backdrop, the Frontiers workshop on DPIs is an important event that brings together participants from across the world to collectively envision our new digital future.

Ms. Alice Marks, Senior Manager of Frontiers Programmes, expressed her thoughts on the significance of the event, stating, "An important objective for the Academy is to facilitate international engineering and science partnerships. We are especially interested in India because of the emphasis on innovation and technology, for example in digital public infrastructure. Our plan with this activity is to gather passionate and proactive researchers, innovators and practitioners from the UK and worldwide, fostering collaboration to tackle complex global challenges in the field of digital infrastructure."

The Symposium spanned for three days and was an engaging and carefully curated event that served as a platform for bringing together academics, industry professionals, NGO personnel, and policymakers. By convening participants from diverse backgrounds, we aim to discuss and address various challenges faced globally. Through collaborative efforts, we can harness the collective intelligence and expertise of the participants to find effective solutions. Following the Symposium, successful collaboration proposals will be awarded grants of up to £20,000. This financial support will enable the proposed collaborative projects to implement, further promoting innovation and advancement in the digital infrastructure domain.

The Digital Futures workshop at IIITB marked a significant milestone in advancing the understanding and implementation of digital public infrastructure for a better future. As witnessed in recent times, IIITB remains committed to fostering innovation, research, and collaboration to address real-world challenges and drive societal transformation through technology.

About IIIT-Bangalore

IIIT-Bangalore is a premier institute focused on Post-Graduate IT education and research, located in the heart of Electronic City, Bangalore. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). In the National Institutional Ranking Framework (NIRF) for 2022, IIIT-B has secured 74th ranking. The institute was ranked number 1 among India's Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations. 

The institute’s specially designed courses make the students cognitive of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

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About Royal Academy of Engineering

The Royal Academy of Engineering is harnessing the power of engineering to build a sustainable society and an inclusive economy that works for everyone.

In collaboration with our Fellows and partners, we’re growing talent and developing skills for the future, driving innovation and building global partnerships, and influencing policy and engaging the public. Together we’re working to tackle the greatest challenges of our age.

About Frontiers Programme

The Frontiers Programme works in partnership to connect and empower early-mid career researchers, innovators and practitioners from the UK and around the world to work together on new ways to solve complex global challenges. By putting collaboration and interdisciplinary thinking at the forefront of symposia and funding opportunities, we catalyse creative solutions that deliver impact and build a global community equipped to achieve a sustainable and inclusive society.

Autorickshaw Unions' Rampage: A Menace To Bengaluru's Law And Order*

Bengaluru recently witnessed an alarming spectacle of lawlessness and a blatant disregard for public safety at the hands of autorickshaw drivers affiliated with unions. Unleashing chaos upon the city streets, these drivers crossed all boundaries by orchestrating a violent assault on the Rapido office, while also wreaking havoc on autorickshaws. Shockingly, they brazenly documented their acts of destruction on social media, flaunting their criminal behavior for the world to see. This audacious incident took place during broad daylight, right in the heart of a bustling market, shedding light on the dangerous extremes these drivers are willing to go to safeguard their outdated monopoly and quash any semblance of competition.

The catalyst for this abhorrent display of violence was Rapido's noble initiative to enhance passenger safety by installing seat belts in their autorickshaws. Rather than appreciating and supporting this commendable endeavor to protect the lives of riders and passengers, the autorickshaw unions responded with a disturbing outburst of anger and hostility. Stubbornly clinging to their archaic ways, they view any change or alternative as an existential threat to their livelihood, callously disregarding the evolving demands of the city's residents.

The autorickshaw unions have long harbored resentment towards the burgeoning popularity of bike-taxis in Bengaluru. Driven by their unwarranted fear of losing market share, these unions consistently exhibit audacity and a complete disregard for law and order. They obstinately oppose any form of competition, even when presented with alternative transportation modes that offer regulated, convenient, and affordable services to the public. This blatant prioritization of their own self-interests over the well-being and convenience of the city's commuters is deeply disheartening.

Following the assault, a petitioner by the name of Mr. Reddy Prasad lodged a formal complaint at the HSR Layout police station stating that the company was doing a csr program on road safety with auto drivers who operate on our App. As part of that initiative, we were distributing seat belts, rain curtains for autos and charging points. During the activity few members of bangalore sarathi sene auto union, forcefully entered the campaign activity and started threatening the company employees. The employees were beaten and threatened for life. Thereafter the said mob of auto union stole the seat belts, auto side curtains and chargers from our employees custody.

Astonishingly, the attackers not only vandalized autorickshaw property but also shamelessly looted side curtains and seat belts, all while displaying a complete disregard for the repercussions of their actions. To compound the situation, they boldly showcased their deeds on social media platforms, brazenly challenging the authority of the police and the rule of law.

This incident marks yet another instance where autorickshaw drivers have taken the law into their own hands in Bengaluru. Despite the incident being live-streamed and ample evidence being available, the police have inexplicably failed to take swift action against the perpetrators. The concerning delay of 24 hours in apprehending those responsible casts serious doubts on the commitment of law enforcement agencies to maintaining law and order in the city.

The recent attack by autorickshaw drivers in Bengaluru represents a perilous trend of lawlessness and intimidation. Motivated by their fear of competition and an unwavering desire to maintain their dominance, these drivers pose a significant threat to the safety and progress of the city. It is imperative that the authorities swiftly and decisively respond to these acts of violence, ensuring that they are met with the full force of justice. The people of Bengaluru deserve a safe and efficient public transportation system that places their well-being above the narrow interests of a few unruly individuals.

Shyam Metalics Reinforces Its “Nationwide Presence With The Launch Of S-E-L TIGER TMT Re-Bars”

Shyam Metalics, India’s leading integrated metal producer, has announced the launch of its premium S-E-L Tiger TMT Re-Bars, a significant milestone in the company’s national expansion. The company is one of India’s largest makers of ferroalloys, a leading player in pellet capacity, and the fourth largest player in terms of sponge iron capacity.   

The cutting-edge S-E-L Tiger TMT Re-Bar, featuring MAX AR VALUE, is set to revolutionize the construction industry, with its exceptional cement bonding capabilities. Available in sizes ranging from 5.5/6 mm to 32 mm, these Re-Bars ensure defect-free work, smoother surface conditions and reduced thermal conductivity, making them the preferred choice for residential, commercial and industrial projects. Crafted with meticulous attention to detail, the S-E-L TIGER TMT Re-Bars showcase exceptional strength, durability and reliability. Designed to meet the diverse needs of builders and construction professionals, S-E-L Tiger TMT bars offer unparalleled performance, ensuring the creation of robust and enduring structures. 

By integrating cutting-edge technologies, these high-end TMT Re-Bars have been designed to provide superior strength, durability and design flexibility. Reinforced Cement Concrete (RCC), a vital component of modern construction projects perfectly complements S-E-L Tiger Re-Bars. These TMT bars find extensive application in various construction projects, including buildings, industrial sheds, transmission towers, dams, roads, and more. Alongside wire rods and structural items such as beams, channels and angles, Shyam Metalics provides the best option in high-quality TMT bars. 

Commenting on the launch, Aneesh Mishra, Sr. VP -Sales & Marketing, Shyam Metalics said, “We are poised to witness a groundbreaking transformation in the construction industry with the introduction of the state-of-the-art S-E-L Tiger TMT Re-Bar, featuring the revolutionary MAX AR VALUE. With S-E-L Tiger, Shyam Metalics introduces a game-changing product that not only meets the industry’s growing demands but also embodies our steadfast commitment to national progress. Our strategic plan includes scaling our production capacity to meet the escalating demands of the market.” 

“We aim to achieve an impressive range of 8,000 to 10,000 metric tons per annum (MTPA), with a steadfast long-term goal of reaching 25,000 MTPA. To support this ambitious expansion, we are dedicated to forging valuable partnerships with channel partners and augmenting our team with exceptional talent,” he added 

Rajesh Gupta, DGM – Sales & Marketing, Shyam Metalics highlighted the company’s innovative approach and dedication to delivering top-quality construction materials. He said, “Throughout its illustrious history, Shyam Metalics has consistently upheld a commitment to excellence, earning recognition as a synonymous force in the industry. Our unwavering pursuit of delivering top-tier products and services has been the cornerstone of our success.” 

Shyam Metalics has firmly established its position as one of India’s leading steel bar manufacturers. With an unwavering commitment to the ore-to-metal process, the company excels in manufacturing and selling top-quality steel products, including iron pellets, sponge iron, steel billets, TMT bars, structural products, wire rods and ferroalloys. The company has a consolidated production capacity of 13 MTPA.  

About Shyam Metalics India Limited:  

Shyam Metalics is one of the top steel companies in India. Shyam Metalics and Energy Ltd. also manufactures Ferroalloys and holds a leading position among the other brands, making the company a leader in TMT bar manufacturing company in east India. The company is famous for holding high pellet capacity and ranks fourth in the sponge iron industry. The company has recorded a profit before tax of Rs. 279.9 crores in Q4 FY23 and a revenue of Rs. 12,610.2 crores for the year ended on 31st March 2023.    

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Dalmia Cement Announces “Every Home Happy Offer” In South India

Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major, is enhancing the home-building experience for its customers with its exciting Dalmia Cement “Every Home Happy Offer” in South India. The concept behind this initiative is that while Dalmia Cement is your partner in creating a new home; it believes happiness is not befitting in an empty house and hence it must be accompanied with gifts that add to the joy. During the offer period, customers who make purchases in the highest slab category are guaranteed rewards, and there is also a lucky draw scheme offering the chance to win exciting prizes such as bikes, LED televisions, international travel packages, and a variety of gifts for specific slab purchases. The consumer promo is valid from 15th July till 30th September 2023 across the Southern states of Tamil Nadu, Kerala, Telangana, Andhra Pradesh and Karnataka. 

The Dalmia Cement ‘Every Home Happy Offer’ aims to encourage people to build their own houses. It is providing guidance on various important aspects of building homes from pre-construction to post construction phase in its website and through helpline no. 18002020. 

Commenting on the Dalmia Cement ‘Every Home Happy Offer’, Mr. Rajiv Prasad, Sr. Executive Director and National Head Sales & Marketing, DCBL, “Dalmia Cement is focused on aggressive expansion in the Southern markets and is launching multiple promotional activities to engage with the consumers in the region. The company continues to keep its customers at the center of its business operations with several schemes and offers. The Dalmia Cement 'Every Home Happy Offer' is designed to inspire individuals to build their dream homes while ensuring a gratifying experience." 

The slabs applicable includes 1 coupon on purchase of 100-199 cement bags, 3 coupons on 200-299 bags and 5 coupons on purchase of 300 bags onwards. There is assured gift of free Borosil dinner set with purchase 300 bags. The customers can claim their assured gifts after purchasing Dalmia DSP cement bags from authorized dealers. The customers to accumulate their purchases during promo period & collect lucky draw coupons basis different slabs. For more details about the offer, consumers can visit 

About Dalmia Cement (Bharat) Limited  

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 542216|NSE Symbol: DALBHARAT and listed in MSE), is a leading player in the cement manufacturing segment and has been in existence since 1939. Dalmia Cement (Bharat) Limited prides itself on having one of the lowest carbon footprints in the cement world globally. It is the first cement company to commit to RE100, EP100 & EV100 (first triple joiner) – showing real business leadership in the clean energy transition by taking a joined-up approach. With a growing capacity, currently pegged at 41.1 MnT, Dalmia Cement is the fourth-largest cement manufacturing group in India by installed capacity. Spread across ten states and fourteen manufacturing units, the company is a category leader in super-specialist cement used for oil well, railway sleepers and airstrips and is the country’s largest producer of Portland Slag Cement (PSC). Visit us at? 

NueGo And Bawaal Movie Team Up To Drive Change With Electric AC Buses, Setting New Standards For Sustainable Transport

* Experience Eco-Friendly Travel and avail NueGo's Exclusive Offer using the promotional code "BAWAAL" 

NueGo, India’s leading premium electric bus brand by GreenCell Mobility is delighted to unveil its exciting collaboration with the highly anticipated film "Bawaal" starring actors Janhvi Kapoor and Varun Dhawan. 

"Bawaal" follows the journey of Ajay Dixit, an ordinary history teacher at a high school, who embarks on an extraordinary adventure with his wife Nisha. Teaching history lessons to his students from real World War 2 locations in Paris, Normandy, Amsterdam, Berlin, and Auschwitz, Ajay discovers profound life lessons and hidden qualities of his wife. It's a tale of a man who, through learnings from World War 2, conquers the greatest battle of all—the one within. 

As part of this exciting collaboration, NueGo is delighted to offer to its customers. By booking tickets through the NueGo website and using the promotional code "BAWAAL", users can enjoy a flat 10% discount on all routes. This incredible offer will remain valid until 6th August, providing movie enthusiasts and NueGo riders with a fantastic opportunity to experience cost-effective and eco-friendly transportation while enjoying the perks of the upcoming film. 

Speaking on the occasion Mr. Devndra Chawla, CEO & MD, GreenCell Mobility, "We are thrilled to collaborate with the incredible team behind the movie 'Bawaal' and work alongside Janhvi Kapoor and Varun Dhawan. This partnership allows us to bring together the power of entertainment and sustainable mobility. By offering an exclusive discount to our customers, we aim to make sustainable mobility more accessible with NueGo while celebrating the release of this much-anticipated film”. 

Team of Bawaal shares their excitement about the collaboration, stating, "NueGo is bringing in a revolution in the travel industry with their safe electric buses just like how Bawaal is bringing in a revolution in its unique story and experience. This association is a perfect match, and is communicating the ideologies seamlessly, engaging the audience at the highest level.” 

With safety and comfort as their top priorities, NueGo is plying between some of the most popular destinations in the country, including Indore-Bhopal, Delhi-Chandigarh, Delhi-Agra, Delhi-Dehradun, Delhi-Jaipur, Agra-Jaipur, Bengaluru-Tirupati,Chennai-Tirupati, Chennai-Pondicherry, and Hyderabad-Vijayawada, with more routes to be added soon. 

As a customer-centric brand, NueGo places a strong emphasis on safety and comfort. Its electric buses undergo 25 stringent safety checks, including mechanical and electrical inspections, to ensure the utmost reliability. These eco-friendly buses are capable of running up to 250 kilometers on a single charge, even with air conditioners in use and amidst traffic conditions. 

NueGo prides itself on incorporating innovative technology, offering end-to-end convenience for inter-city travelers, and prioritizing Safety, Punctuality, and seamless customer experiences. As a game-changer in the Indian travel industry, NueGo introduces a new and safe way to travel with its premium electric AC coach service. With their unwavering focus on safety, comfort, and eco-friendliness, they aim to provide their passengers with an unparalleled travel experience. 

To avail the exclusive 10% discount, customers can visit the NueGo website or download the NueGo app and enter the code "BAWAAL" during the booking process. For more information about Nue Go and its services, please visit or download the NueGo app from app store.  

Link for TVC and Offer-  

Tobacco Control Policies Are Deepening Economic Struggle In India

* Can we save people’s lives if tobacco trade remains?

India faces a unique tobacco control challenge due to a large economically weak tobacco using population. It is important for decision makers to consider the economic impact of the habit when drafting India’s tobacco policies. The tobacco industry supports millions of livelihoods and contributes significantly to India's tax revenue and farmer income. Despite significant investments by the government and organizations like WHO, current policies have not effectively reduced tobacco consumption. Cigarette & bidi sales have not reduced. India has 300 million tobacco users, accounting for one in three adults. The tobacco control framework needs to shift towards prioritizing solutions for the tobacco users and embrace insights from tobacco industry.

This is also inducing a vicious cycle of poverty in low- and middle-income countries (LMICs), where the highest consumption of tobacco comes from the lower economic strata. The poverty cycle is driven by three factors. Firstly, increasing taxes leads to a significant portion of their limited earnings being spent on the habit, making individuals even poorer. Secondly, tax inflation contributes to illicit tobacco trade, resulting in reduced government revenues and potentially affecting social welfare investments, further impacting the underprivileged. Lastly, tobacco-related diseases burden individuals with high healthcare costs. Quitting tobacco becomes nearly impossible due to the properties of nicotine as it reduces hunger and increases metabolism, enticing lower-income groups to regular use.

Is there a way to break this conundrum? The tobacco crisis can be controlled or eliminated by combining effective global strategies with tailored country-level approaches, where the govt promotes emotional appeal and science together, to reduce the impairment & threat. If banning tobacco is impossible, the only option left to the user is quit or die; as the existing control policies have not delivered and are now going to extremes of restricting safer alternatives. Several developed countries are adopting harm reducing alternatives to prioritize saving lives while working to reduce tobacco consumption. Governments across LMICs need to seriously consider a path of harm reduction to prioritize saving lives and reducing poverty, caused by tobacco.

For instance, Combustion or burning a cigarette produces temperatures over 850°C, releasing over 6000 harmful chemicals and carcinogenic particles that cause health issues. Some safer alternatives available globally eliminate combustion/burning entirely, significantly reducing the associated risks.

The present precautionary approach of tobacco control, in spite of its intent, is not quite solving for saving lives of existing users, as it doesn’t include safer alternatives to nicotine consumption. Countries like New Zealand & others have found a balance. LMICs should embrace global learnings to build progressive regulations, based on science, to reduce health risks for current users while limiting new ones.

Additionally, Tobacco control policies need to encourage the tobacco industry to invest in science and identify safer alternatives to harmful forms of tobacco, especially when tobacco cannot be prohibited. It is important to bring the tobacco policy makers and tobacco industry together to identify solutions, which is for the betterment of the users.

According to Upendra Nath Sharma, Partner, JSA, “If the government, in collaboration with the relevant stakeholders, puts in place a well-thought-out and publicly debated legislation that allows tobacco consumers the option to benefit from innovative and quality-controlled regulated alternatives (that are 90-99% less harmful versus traditional tobacco), this will go a long way in reducing reliance on harmful tobacco products and impact lives positively.”

Japan, USA, Countries in Europe etc. are all embracing alternatives for public health and achieved transformation through consumer awareness & adoption. However, developing nations face complexities in becoming tobacco-free due to limited awareness, misconceptions, and the lack of evidence-based policies.

Japan and Sweden have proved that adopting a reduced-risk and scientifically backed tobacco control policy does the healthcare expenditure. Between 2016 and 2019, the Japanese smoking rate reduced drastically - almost three in every ten Japanese smokers stopped smoking cigarettes. Sweden has seen a fall in national smoking rates from 15% to a mere 5.6% in the last 15 years and is expected to be smoke-free by 2023 end. Sweden recorded the lowest percentage of tobacco-related diseases and a 41% lower incidence of cancer in the EU.

If the developed world is embracing new science, India needs to lead it for the LMICs to have a positive impact on millions of lives. Harm control has been a strategy that the government has adopted across sectors like sugar and energy. Adopting a similar strategy for tobacco will save & transform many lives. A holistic, consultative & pragmatic approach between the government & the tobacco industry will be pivotal in developing a scientific regulatory framework which caters to the large existing tobacco user base in India while safeguarding public health interest & eliminating youth access completely, thereby minimizing social & economic impact significantly.

Wednesday, July 19, 2023

India Soars High In The Skies As MIT Manipal Students Launch A Rocket At Spaceport America, New Mexico

In a remarkable display of talent and innovation, the esteemed team from thrustMIT, representing both India and the renowned Manipal Institute of Technology (MIT), achieved an extraordinary milestone at the prestigious Spaceport America Cup 2023. As over 1,500 students and faculty gathered in Southern New Mexico for this thrilling event, it was the MIT, MAHE-Manipal students' rocket launch that captured hearts and stirred immense pride. With their cutting-edge rocket technology, the team's impressive launch reached a staggering altitude of 10,000 feet, coming remarkably close to the target apogee of 10,331 feet. The successful recovery of the rocket, showcasing meticulous planning and flawless execution, further highlighted the team's exceptional capabilities. This momentous participation in the Spaceport America Cup, a renowned competition renowned worldwide, serves as a testament to MIT's student-led experiential program and India's prowess in the field of engineering and innovation.

Link to witness the exhilarating launch of a rocket designed by ThrustMIT, the student group from MIT: 2023 Spaceport America Cup: Launch Day 4

About Manipal Academy of Higher Education: Manipal Academy of Higher Education (MAHE), Manipal an Institution of Eminence, Deemed to be University, is a self-financing Higher Educational institution which started its operations in 1953 by establishing the first self-financing medical college, KMC Manipal, as Public Private collaboration model. Over the years various institutions have been added and finally in 1993 June, these group of institutions have been declared as a Deemed to be University by the Govt. of India. The excellent track record in academics, infrastructure and research contributions and its standing in the national and international rankings, culminated in it being declared as an Institution of Eminence Deemed to be University (IoE) by the Ministry of Education, Govt. of India, in October 2020. Presently MAHE Manipal offers 300+ programmes in 30+ streams which includes undergraduate, postgraduate and doctoral levels at its four campuses in India and one overseas campus. It has about 35000 students on its rolls. MAHE Manipal, as an IoE, is committed to provide quality higher education at affordable cost and contribute in increasing the gross enrolment rate ratio in higher education. 

Toyota Kirloskar Motors Delivers A Fleet Of The Iconic Hilux To The Indian Army

* This prestigious milestone comes post a rigorous selection process amongst other potential vehicles by the Army’s Technical Evaluation Committee

Toyota Kirloskar Motor (TKM) is proud to announce the handover of a fleet of Toyota Hilux, marking the company’s first-ever delivery of its Hilux to the Indian Army. The Hilux was put through over 2 months of extensive and rigorous evaluation by the Northern Command of the Indian Army and the globally acclaimed Hilux outperformed in extreme weather and rough terrains – ranging from an altitude of 13000ft to sub-zero temperatures. The Toyota Hilux is an iconic Utility Vehicle that is globally recognized for its toughness, durability, reliability, and off-roading capabilities.

Sharing his views, Mr. V. Wiseline Sigamani, General Manager – Strategic Business Unit (North), said “We are thrilled to deliver the Hilux, marking a significant milestone, fulfilling our first-ever Hilux order to Indian Army. We are truly honoured and proud with this opportunity. The Hilux that offers unique off-roading characteristics, coupled with enhanced safety features, makes it the most ideal vehicle for the army purposes and cater to their special purposes.

We are sure that the Hilux will be a great addition to the army’s fleets and meet the specific needs of our esteemed clientele. This reaffirms our commitment in offering reliable products and we look forward to our continued association with the Indian Army in the future.”

The senior leadership and users of Hilux said, “We are happy to receive the first fleet of Toyota Hilux, which measures up to the requirements of the Indian Army. We acknowledge TKM’s support to customise the Hilux, passing through our stringent road tests with its strong off-roading strengths and extreme performance under stringent weather, difficult terrain conditions, which is key to our requirements. We look forward to utilising these fleet of Hilux for the purposes meant.”

With its global reputation as a reliable off-roader, the Hilux has proven its worth time and again, and the Indian Army’s procurement post rigorous testing only serves to reinforce its reputation.

Globally, the Hilux sales have surpassed 20 million units winning hearts of many discerning customers from over 180 countries. Through more than five decades and eight generations, the Toyota Hilux has created extraordinary experiences and an unbreakable bond with those who desire awesome drives.

Toyota Hilux is aimed to fulfil the needs of customers seeking an awesome utility vehicle that is best suited, not only for off-roading adventure drives on tough terrains, but also for everyday city use. Furthermore, this versatile vehicle is perfectly suited for multiple purpose usages that can cater to new emerging business customers, campervan, farming, defense, mining, construction, rescue van, etc. With its powerful powertrain system of 2.8 L Four Cylinder Turbo-Diesel Engine, the Hilux is available in option of 6- Speed Automatic and 6-Speed Manual Transmission. All the variants of Hilux are equipped with 4X4 drive capabilities along with many first-in-segment features such as 8” Infotainment system, Connected features (such as Emergency Call [e-Call], Vehicle Security, Remote Check, Smart Watch enabled, Vehicle Static Location, Geofence & Speed alerts and more), Dual Zone AC, Tire Angle Monitor & Front Parking Sensors for a smooth drive.

In addition to a variety of remarkable features coupled with a robust engine, the Hilux also offers exceptional endurance, low maintenance cost, and great practicality for a variety of usage purposes. Furthermore, the Hilux's water wading capability of 700mm makes it suitable for driving through Indian trails, setting new standards in its off-road capability. Needless to mention, some of the key features for selecting the legendary Hilux being its gradeability, 4x4 capability, and engine power backed up by Toyota’s renowned QDR (Quality, Durability& Reliability).

Given the rising trend towards owning 4x4 SUVs, the Toyota Hilux has received good customer response by gaining enormous appreciation for its great styling and driving comfort. Recently, in India, Toyota announced their foray into 4X4 X-pedition, designed to connect with the 4x4 enthusiast and provide opportunities to unleash the true potential of their 4x4 SUVs. The first ‘Great 4x4 X-pedition by Toyota’ started with a zonal drive in South of India, creating an unforgettable journey for the 4x4 community and is further set to be held in three other regions across the country, covering North, East and West.

Brigade REAP Onboarded 5 Startups From 150 Applications For Its 14th Cohort

* Unique Hospitality Startup among the 5 chosen for mentorship ~

Brigade REAP, India’s first PropTech focused real estate accelerator program, onboarded 5 startups from 150 applications for its 14th Cohort. The domains covered include robotics, alternate construction material, retail, plastic waste management and hospitality. For the first time since its inception, Brigade REAP have onboarded a hospitality startup, and together with startups from other sectors such as retail tech, green construction and robotics, this cohort stands as one of the most diverse for Brigade REAP. The startups who were chosen are Vividobots, a company that focuses on exterior painting robots for high-rise buildings, Uni-Am is focused on reducing carbon footprint in cement production to revolutionize green construction, Spatic a location intelligence platform for retail expansion, Paving+ a sustainable solution to plastic waste and Raho and high quality but affordable holiday destinations for young families & professionals by upgrading facilities and standardizing services in clusters of properties. The new cohort represents a diverse range of domains, showcasing the breadth and depth of innovation in the PropTech space.

“We are excited to welcome the new startups to Brigade REAP's 14th Cohort. Their innovative ideas and solutions align perfectly with the evolving needs of the real estate industry. The selected startups bring fresh perspectives and disruptive technologies to the table, and we are excited about the potential they hold to drive positive change in the industry. As the real estate sector continues to grow, we are confident that these startups will play a vital role in shaping its future.” said Angie Mahtaney, Chief Business Mentor at REAP.

Of the 62 startups that Brigade REAP has mentored since inception, 40% have been successful in raising funds from external sources, all of them having received orders from the real estate business ecosystem.

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