Toyota Kirloskar Motor Join Hands With Indian Navy For The ‘Eastern Naval Fleet Drive - The Eastern Arc'

Toyota Kirloskar Motor (TKM) today announced its participation in the Eastern Naval Fleet Drive 'The Eastern Arc,' organized by the Eastern Command of the Indian Navy Today, the fleet drive started-off to continue over the next 12  days, covering 17 cities and spanning a total distance of approximately 6000 kilometers, along two radial routes and groups, on the East Coast of India.

The flag-off ceremony of this important event was held at the Naval Dockyard in Visakhapatnam, in the gracious presence of  Vice Admiral Rajesh Pendharkar, Flag Officer Commanding in Chief Eastern Naval Command, Rear Admiral Gurcharan Singh, Flag Officer Commanding Eastern Fleet alongside the TKM representative, Mr. Atul Sood, Vice President – Sales and Strategic Marketing. With a view to support the good cause of Indian Navy , TKM has extended necessary support with a fleet of seven vehicles including Four Hilux and Three Fortuner models, that will be utilized to traverse the challenging terrains and rugged off-road routes across various remote locations. This Eastern Naval Fleet Drive is set on its remarkable journey through the diverse and vibrant landscapes of India's eastern region, with the Toyota vehicles which is renowned for its unmatched performance, versatility, and off-roading capabilities.

The Eastern Naval Fleet Drive, aptly named 'The Eastern Arc,' holds significant importance as it aligns with the Indian Navy's outreach programs and activities, aimed at engaging with the civil populace. It also serves as a unique opportunity to raise awareness about the various roles and responsibilities of the Indian Navy. TKM has provided a fleet of seven vehicles, including four Hilux and three Fortuner vehicles, specially prepared and equipped to endure the challenging terrains and distances. The Eastern Naval Fleet Drive will be conducted in two groups – the Northern group and the Southern group, each consisting of three and four cars, respectively. Both groups will commence their journey from Visakhapatnam and follow separate routes, with the Northern group embarking on this endeavour from Visakhapatnam to Kibithoo and the Southern group setting course from Visakhapatnam to Kanyakumari, creating memorable stopovers along the way, contributing positively to the community development.

Needless to mention, known for Quality, Durability and Reliability (QDR) and unparalleled capabilities, Toyota Hilux and Fortuner have been chosen by the Indian Navy for tackling diverse landscapes enroute their fleet drive. The Hilux, with its ruggedness and powerful performance, exemplifies the unique product strengths, while on the other hand, the Fortuner is well recognised for its premium driving comfort, powerful performance, and with a perfect blend of sophistication and unmatched style the Fortuner compliments every journey with confidence be it on-road or off-road travel requirements. Together, they represent the values of endurance, performance, and resilience, which are deeply ingrained in Toyota’s world-class cars.

Earlier in July 2023, TKM handed over a fleet of Toyota Hilux, marking the company’s first-ever delivery of its Hilux to the Indian Army. Further, in Sep 2023, Toyota displayed two modified (with the support of an authorised external vendor) Hilux vehicles - Field Diagnosis Vehicle (FDV) & Rapid Intervention Vehicle (RIV) at the North Tech Symposium organised by Northern Command of Indian Army. In addition, another customised Hilux (with the support of an authorised external vendor) namely Forest Patrolling Vehicle (FPV), including FDV were showcased at the recently held East Tech 2023 (during Oct ’23), by Eastern Command of the Indian Army.

Commenting on the flag-off of the Eastern Naval Fleet Drive of Indian Navy, Mr. Atul Sood, Vice President – Sales and Strategic Marketing of Toyota Kirloskar Motor, said, “We are honoured to be an integral part of the Eastern Naval Fleet Drive 'The Eastern Arc,' which symbolizes deep values that resonates well with Toyota’s belief in contributing to the community development. This fleet drive serves as a unique platform for us to showcase the remarkable capabilities of our vehicles – Hilux & Fortuner, further supporting the Indian Navy's noble mission of community engagement and fostering awareness about the career opportunities that lies within its ranks.

At Toyota Kirloskar Motor, we have always been driven by a relentless pursuit of excellence, a commitment to quality, and a passion for innovation. These values are reflected in every vehicle we produce, and they have made Toyota one of the most trusted and respected automotive brands globally. As our vehicles embark on this important journey, traversing diverse terrains, covering extensive distances, and tackling challenging conditions with ease, we are confident of creating unforgettable experience.”

TKM believes in going the extra mile, and the association with India Navy through this fleet drive epitomizes such commitment to exceeding expectations, not only by providing its high-quality product but also its dedication to fostering community engagement and supporting endeavours that benefit society. Toyota is proud to be supporting the Indian Navy's initiative to connect with the people of the Eastern Coast. Together, they echo the sentiment, "No land too far, no beach too hard," as they embark on this remarkable journey, united in the commitment to the nation and its people..

Kolte-Patil Developers Limited – Operational Update For Q2 & H1 FY24

Highlights

* H1 FY24 sales value at Rs. 1,333 crore, up 64% YoY

* H1 FY24 sales volumes stood at 1.91 million sq. ft., up 63% YoY

* H1 FY24 collections stood at Rs. 985 crore, up 12% YoY

Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and half year ended 30th September 2023.

·         Recorded sales value of Rs. 1,333 crore during H1 FY24, marking a growth of 64% YoY. Sales volumes at 1.91 million sq. ft. improved significantly by 63% in H1 FY24.

o    New launches contributed ~55% to the H1 FY24 sales value. Launched ~2.73 million sq. ft. during the period -

§   24K Altura project in Baner (Pune)

§   24k Manor project in Pimple Nilakh (Pune)

§   Arezo-JKD project in Life Republic township, Hinjewadi (Pune)

§   Atmos-Phase 1 project in Life Republic township, Hinjewadi (Pune)

§   24K Espada project in Life Republic township, Hinjewadi (Pune)

o    New launches and existing sustenance inventory resulted in strong volumes in H1 FY24.

o    Life Republic (LR), KPDL’s flagship township project, registered sales volumes of 1.3 million sq. ft. during H1 FY24.

·         Strengthened registrations, sales, construction and CRM functions have resulted in accelerated collections.   

Commenting on the performance, Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “We are pleased to report strong operating performance in the first half of FY24. H1 sales at Rs. 1,333 grew significantly by 64% on the back of robust traction for new launches and sustained velocity for on-going projects, reflective of the enduring brand that Kolte-Patil has established through years of commitment to elevating customer experience. In H1 FY24, Life Republic sales volumes stood at 1.3 million sq. ft., highlighting the long-term value creation prospects of our projects. Construction activities maintained a steady pace during this period; combined with increased momentum in sales, registrations, and CRM, resulted in a 12% year-on-year improvement in collections at Rs. 985 crore for H1 FY24. By investing in growth levers, developing products across diverse customer segments, strong launches pipeline and business development (acquired projects with topline potential of Rs. 3,450 crore in H1 FY24) and prudent financial operations, the Company stands on a solid foundation. This foundation supported by sectoral tailwinds, will enable Kolte-Patil to deliver significant value across stakeholder groups in the coming years.”

About Kolte-Patil Developers Limited

Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputation for high quality standards, design uniqueness, corporate governance, transparency and timely delivery of projects. The company has developed and constructed over 58 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of >26 million square feet across Pune, Mumbai and Bengaluru. The Indian Green Building Council (IGBC) has certified several of the company’s projects. KPDL markets its projects under two brands: ’Kolte-Patil’ (addressing the mid-income segment) and ‘24K’ (addressing the premium luxury segment).

Consolidating its leadership position in Pune, the company forayed into the Mumbai market in 2013 focusing on society redevelopment projects that have lower capital intensity. The company has signed thirteen projects (two completed, five on-going, six future projects) till date at prime locations across the city.

KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in the sector. The Company’s long-term bank debt has been rated ‘A+/Positive’, short-term bank loan facilities as A1 and nonconvertible debentures as A+/Positive by CRISIL.

The Company’s growth trajectory, internal processes and corporate governance practices have benefitted from partnerships with marquee financial institutions like KKR, JP Morgan Asset Management, Portman Holdings, ASK Capital, Motilal Oswal, ICICI Ventures, IL&FS, Planet Smart City and Marubeni Corporation.

Over the years, KPDL has received multiple awards and recognitions including Asia’s Greatest Brand 2017 by AsiaOne, The Economic Times - The Game Changers of Maharashtra 2018, Times Realty Icons - Best Realtor 2019, CNN NEWS18 – Developer of the Year Residential 2019, ET Now – Most Trusted Brand India’s 2019, Top Challengers 2019-20 by Construction World Global Awards Online,Trusted Brand of the Year, Times Realty, 2021-22 and Residential High Rise Architecture India2021, Asia Pacific Property Awards (IPA).

For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com

MIA By Tanishq Unveils 'Starburst' Collection, A Cosmic-Ode In Jewellery For Dasara Festivities

As Dasara festivities are on the horizon, Mia by Tanishq introduces the 'Starburst' collection, a cosmic-inspired ode in jewellery. This collection captures the essence of the sun, moon, stars, and planets, resonating with the festive spirit of Dasara. With prices starting from ?2999 onwards, 'Starburst' offers a diverse range, ensuring that every woman's jewellery reflects her individuality. This Diwali, let 'Starburst' be the guiding star to illuminate your celebrations.

Crafted in exquisite 14kt gold, 'Starburst' serves as a radiant reminder that every woman carries a fragment of the universe within her. The collection draws inspiration from the sun, moon, and stars, bringing the cosmos to life in every intricate detail. Each piece is a work of art, with highlights including a low neckline elongated chain adorned with celestial motifs, a true masterpiece that mirrors the beauty of the night sky.

In addition, the collection introduces a modernized version of the timeless Chand Bali earrings, offering a contemporary twist on a cherished classic. From regal blue sapphire arm cuffs exuding sophistication to unique statement earrings, each piece makes a bold impression. 'Starburst' also features hand jewellery like modern haathphools and nail rings, diamonds encrusted within moon and star settings, and pieces representing the sun-moon duality. Through the launch of the Starburst collection during the festive campaign, Mia aims to remind each customer of their stellar potential and experience timeless and dazzling pieces that encapsulate celestial and cosmic themes in vibrant, larger-than-life designs, featuring shimmering diamonds clustered together- perfect for Diwali gifting and self-indulgence.

Speaking on the collection, Ms. Shyamala Ramanan, Business Head, Mia by Tanishq, expressed, “Each one of us carries potential as limitless as the universe. Mia’s 'Starburst' collection is a tribute to this cosmic beauty within you and a gentle reminder that you are quite literally made of stardust.

With a vast range of over 200 designs that include tiny studs to statement danglers, modern forms to contemporary chandbaalis for fusion wear, there’s something for everyone in the Starburst collection. The design story also enabled reimagining traditional motifs like Navratnas, Nakshatras into unique, different and yet extremely relatable styles adding to their versatility in usage. Pendants, earrings, finger rings, bracelets, necklace, sets matching or in combination - there is something for everyone whether you are looking to blend in or stand out. With most of the collection between ?3000 to ?70000, it makes for an excellent precious and memorable gift for loved ones. Do check out our limited-edition neckpiece which is an ode to the universe that cradles us.”

As the season of celebrations dawns upon us, seize the perfect moment to surprise your loved ones with Mia's festive collection, creating heartwarming memories together. Throughout the festive season, 'Starburst' will empower today's discerning fashionistas, adding grace and striking designs to make a statement for traditional festivities, dance nights, parties, or even as an everyday adornment.

Starting at a price of ?2999/- onwards, Starburst has a range of earrings, pendants and neckpieces etc. The collection is available across all Mia stores and on https://www.miabytanishq.com/

Favfairs Presents Excellency Iconic Award To 80 Outstanding Individuals In Bengaluru

Favfairs , a prominent event organization company under Three Finger Entertainment Limited, held a grand event at Novotel Hotel, Bengaluru, where 80 remarkable individuals were bestowed with the prestigious Excellency Iconic Award. The event witnessed the gracious presence of Bollywood celebrity Ameesha Patel as the chief guest, adding glamour and prestige to the evening.

The Excellency Iconic Award, initiated by Three Finger Entertainment Limited, is a celebration of the tireless efforts and contributions made by individuals across various sectors, including health, education, business, entrepreneurship, arts, literature, and more. These exemplary individuals were selected through a rigorous process, guided by an esteemed jury panel representing experts from diverse fields.

In the spirit of recognizing the unsung heroes who have dedicated their lives to improving society, Arun Gee, Founder and Director of Three Finger Entertainment, stated, "The recipients of the Excellency Iconic Award mainly included people from health, education, business, entrepreneurs, art, literature, and other fields. The winners of this award are selected by the jury team, which includes experts from all these fields, and the recipients are chosen after fulfilling the criteria set by them. This honor is dedicated to those sections of society who have been struggling and contributing to the betterment of our community for years."

The event was graced by the presence of distinguished guests, including R. Gopinath Rao, Deputy Director of the MSME Development and Facilitation Office, Government of India, and K Radha Devi, a Nari Shakti Puraskar Winner, who added their appreciation for the exemplary work done by the awardees. BK Jaya ji were also present along with Arun Ji , Founder and Director, Three Finger Entertainment, Ashu Saini, Director of Three Finger Entertainment, and Sunil Kumar, the business head, were also present to extend their support to the cause. This event was supported by Tiger Shree Real Estate, GMS Aviation Training Institute Bengaluru and Powered by Three Fingers Entertainment Ltd.

The Excellence Iconic Award is a testament to the power of collective efforts to bring about positive change in society. It serves as a beacon of hope, inspiring others to follow in the footsteps of these incredible individuals. Three Finger Entertainment Limited is proud to be a part of this initiative and looks forward to many more such events in the future.

Get The Authentic Taste Of Sicilian Cuisine At Enzo Oliveri Kitchen In Indiranagar, Bengaluru

Indismart Hotels, the hospitality sister concern of India’s premiere Hospitality Management School, International Institute of Hotel Management (IIHM) has delightfully announced the opening of its exclusive Italian Restaurant, Enzo Oliveri Kitchen, in Bengaluru. The restaurant has been curated by the iconic Italian Chef, Chef Enzo Oliveri, renowned over the world as the Sicilian Chef, and served his recipes in his signature style. 

Enzo Oliveri Kitchen offers a variety of authentic Italian dishes, such as Fish with Pistachio crust, Lamb Shank and the Chicken Diavola apart from the Italian favourites – mouth-watering, hand-rolled, thin crust Pizzas and perfectly prepared Pastas. The Veg lovers will also find delicious options reflecting the home-made flavours of Italy, right here in Bengaluru. The scrumptious Italian desserts like Tiramisu that played a major role in making the cuisine a household name across the world are served with Chef Enzo’s flamboyant and authentic style. With chosen ingredients from Italy and herbs handpicked for freshness and flavour, the Enzo Oliveri Kitchen offers a mouthwatering treat to the ever-experimenting foodies of Bengaluru. 

The grand launch of the restaurant took place on October 14, 2023, at 4 pm, at the Chocolate Hotel, Indiranagar in the heart of Bengaluru. The event was graced by the presence of Chef Enzo Oliveri and Dr Suborno Bose, along with other eminent personalities from the hospitality industry, media, and academia like Sir Alfonso Taglia Ferri, Hon’ble Consul General. Italian Embassy, Ms Uzma Irfan, Director, Corporate Communications, Prestige Group, Mr Suresh Hinduja, acclaimed Food Critic and Author and Mr Manoj Mathew, Sr. Vice President, Tamara Leisure Experiences among a galaxy of Bengaluru’s Crème-de-la-Crème.  The guests were treated to a sumptuous buffet of Sicilian delicacies, along with live music and entertainment. 

Dr. Suborno Bose, the Chairman, Indismart Group, said, “We are very excited to bring Enzo Oliveri Kitchen to Bengaluru, as part of our vision to provide world-class hospitality as we strive to usher a new era of 21st century Hospitality to India. We are honoured to collaborate with Chef Enzo Oliveri, who is a master of Sicilian cuisine and a global ambassador of Italian culture. We hope that our restaurant will be a destination for food lovers who want to experience the true flavours of authentic Italy, right here in Bengaluru.” Chef Enzo Oliveri said, “I am thrilled to partner with Dr Suborno Bose and open my restaurant in Bengaluru, which is a vibrant and cosmopolitan city with a diverse culinary scene. I have always been passionate about sharing my Sicilian heritage and cuisine with the world, and I look forward to introducing it to the people of Bengaluru. I invite everyone to come and join me at Enzo Oliveri Kitchen and enjoy a taste of Italy in India.”

About Indismart Group:

The Indismart Group is a diversified enterprise focusing on two main areas: Education and Hospitality. The group, led by Founder and Mentor Dr. Suborno Bose, operates businesses that are leaders in their respective fields. In the field of education, the group specializes in delivering graduate education in Hospitality Management from ten campus locations across the globe. In the hospitality sector, the group operates the Indismart Hotel in Kolkata, the Indismart Woodbourne Resort Goa and the Chocolate Hotel in Bengaluru.

About Chef Enzo Oliveri:

Chef Enzo Oliveri is a celebrated Italian chef who specializes in Sicilian cuisine. He is the president of the Federation of Italian Chefs in UK (FIC UK), member of World Association of Chefs Societies (WACS) and a TV presenter for Aldo & Enzo a series that covered the Culinary World of Sicily. He owns a series of restaurants in UK that cater delicious and authentic Italian cuisine.  He has cooked for celebrities such as Arnold Schwarzenegger, Sylvester Stallone, John Travolta, Giorgio Armani among many others. For more information about Chef Enzo Oliveri visit [www.thesicilianchef.co.uk].

BMW Group India Records Best-Ever Year To Date Performance For All Brands – BMW, MINI And BMW Motorrad

* 9,580 cars and 6,778 motorcycles delivered in first nine months 

* September hit an all-time high with highest-ever monthly sales for BMW

* Leadership in luxury electric segment with the most versatile range. Latest launch – BMW iX1 - sold out on first day

* Landmark milestone in luxury electric car sales - over 1,000 units sold in India till date

* Unprecedented demand for BMW Luxury Class, deliveries double

* Highest-ever Online Sales

* Highest-ever BMW 360? by BMW India Financial Services

After posting the best-ever half-year in 2023, BMW Group India continues the success story by posting the best-ever year to date sales (January – September) – for all three brands – BMW, MINI and BMW Motorrad. In the first nine months, 9,580 cars (BMW and MINI) and 6,778 motorcycles (BMW Motorrad) have been delivered. BMW sold 8,998 units and MINI 582 units.

Mr. Vikram Pawah, President, BMW Group India said, “BMW Group India is on an unstoppable record-breaking path. We posted the highest growth in a decade last year and this trend continues in 2023 by first posting the best-ever half-year and now the best-ever January - September sales as well. Our business strategy is playing out well and there are many important factors driving success for us. Most importantly, we are achieving growth across segments in a healthy, balanced and profitable manner. Whether it is the top-end or entry-level, BEV dominance or SAV popularity, our segment-specific strategies and tremendous customer connect are yielding excellent results. We will keep the excitement up with powerful launches from our stable and are dedicatedly focused on ending 2023 on a high note.” 

BMW Group India is the leader in luxury battery electric vehicle (BEV) sales thanks to the most versatile electric range – BMW iX1, BMW i7, BMW iX, BMW i4 and MINI SE. Among all models, BEVs registered the highest growth. Five times more electric vehicles were delivered during January – September 2023 than in the same period in 2022. The BMW iX remains India's most sought-after luxury electric vehicle in India. The first-ever BMW iX1 was gone in a flash on launch day, getting completely sold out for 2023. Provision of complimentary charger with every BMW and MINI BEV and the leading charging infrastructure in premium segment at BMW Group dealer network in 35 cities plays a vital role. A landmark milestone in luxury electric sales has been achieved with over 1,000 electric BMW and MINI cars running on Indian roads today.

With unprecedented desire for BMW Luxury Class, sales for BMW 7 Series, BMW i7, BMW X7 and BMW XM, saw a trailblazing growth of 102% y-o-y. The flagship model – the BMW 7 Series – captured the limelight in ultra-luxury segment. The demand for BMW X7 has nearly doubled as its extremely popular among high-end Sports Activity Vehicles (SAV) customers.

BMW achieved best-ever sales of 8,998 units (+10%). Buoyed by the new launches, September sales hit an all-time high in the history of the brand. BMW Sports Activity Vehicles (SAV) contributed over 50% to YTD sales volumes. The highly successful BMW luxury sports activity vehicle - the BMW X1 – became the first in its segment to offer a new electric avatar (iX1) in addition to the petrol and diesel drivetrains. High number of orders for the new BMW X5 which was introduced in Q3 gave a further impetus to SAV sales.

Big Love drove MINI to record YTD sales with deliveries of 582 units (+10%). The locally produced MINI Countryman dominated with a share of 63% and the iconic MINI Hatch 17%. The contribution of electric MINI 3-Door Cooper SE was also at 17%.

BMW Motorrad thrived with sales of 6,778 units (+26%). Leading the volumes were ‘Made in India’ BMW G 310 R, BMW G 310 RR and BMW G 310 GS with a combined share of 88%. The core bikes available as completely built-up units saw a growth of 36%. The BMW GS Adventure segment, in particular, has been gaining tremendous popularity. The GS community is strong with over 10,000 GS bikes sold in India till date. Another popular segment is Sports with new bikes such as BMW S 1000 RR, BMW M 1000 RR and BMW M 1000 R taking the thrill a notch up.

BMW India Financial Services played an instrumental role by providing customised and flexible financial solutions which are significantly valuable to premium clientele of BMW, MINI and BMW Motorrad. Customers enjoy great value and complete peace of mind with BMW 360? finance solutions which offer attractive monthly instalments, assured buy-back options, flexible term-end opportunities and upgrades to a new BMW among other benefits.

Namma Smaraka Program Call With Indian Diaspora In USA Marks A Historic Beginning For The Adopt A Monument Program

Namma Smaraka Program Call with Indian Diaspora in USA marks a Historic Beginning for the Adopt a Monument Program with representation from Kannada Koota’s, TiE Global, and Individual Adopters from USA

The event commenced with a warm welcome from Shri Devaraju. A, K.A.S, Commissioner, Archaeology, Museums, and Heritage setting the tone for the mission of the Namma Smaraka program – preserving and restoring our historical monuments.

Shri Prashanth Prakash, Chairman, Culkey Foundation & Chairman of the Startup Vision Group, Government of Karnataka, Partner at Accel, and, emphasized the program's significance and shared his insights. ‘The rich heritage of Karnataka is reflected in the numerous heritage sites, palaces, monuments, and forts, which have played a crucial role in promoting tourism both within the state and internationally’ he said.

The event also saw the active participation of eminent figures such as B J Arun, former Chairman of TiE Global Board of Trustees, Kumar Malavalli, Founder of Brocade Communications, Keerthi Swamy, Director of the Indian American International Chamber of Commerce, and many others.

Dr. H. K. Patil, Honorable Minister for Law, Justice, Human Rights, Parliamentary Affairs, Legislation, and Tourism, expressed the theme of #ConnectToRoots through the #NammaSmaraka initiative. He called for active participation and highlighted the state's diverse cultural heritage and the unique experiences it offers to tourists. Karnataka, with its rich cultural heritage and diverse tourism offerings, truly lives up to its brand promise of "One State, Many Worlds." He said

During the event, Shri Satish Shekar, Director, Culkey Foundation, presented an action plan that emphasized the need to establish a comprehensive framework for providing essential amenities and services at Karnataka's heritage monuments. The plan also aims to transform Karnataka's heritage sites into must-visit tourism destinations.

Shri Karthik Kittu, Director of the Culkey Foundation, underscored the importance of archaeological monuments as expressions of India's cultural heritage and national identity, particularly emphasizing the prevalence of temples among known archaeological sites.

Culkey Foundation, appointed as the official partner and project management unit, will facilitate the engagement of High Net Worth Individuals (HNI) and corporate leaders through monument adoption, further strengthening the Namma Smaraka program's objectives.

About Namma Smaraka: The Namma Smaraka program is an initiative of the Government of Karnataka dedicated to preserving and promoting the state's rich cultural heritage and historical monuments. It seeks to engage individuals, organizations, and corporate entities in preserving and enhancing Karnataka's historical treasures, ultimately transforming the state into a prominent tourism destination For more details visit - www.nammasmaraka.in

ONGC Roadshow In Abu Dhabi: Collaboration Opportunities in Offshore Oil And Gas Projects

Oil and Natural Gas Corporation (ONGC) is organizing a roadshow in Abu Dhabi on 16 and 17 October 2023, to invite global oil and gas companies for collaboration opportunities in offshore oil and gas projects. The Roadshow will offer valuable insights into business opportunities within India's offshore oil and gas infrastructure sector. The Roadshow is taking place in Hotel Le Royal Meridien (Abu Dhabi).

In pursuit of strategic growth aligned with the evolving energy landscape, ONGC has meticulously designed an ambitious roadmap, the Energy Strategy 2040. This comprehensive plan reflects its resolute commitment to double oil and gas production, expand refining capacity, diversify into renewable energy, and bolster our non-oil and gas ventures.

To achieve substantial growth and diversify its energy portfolio, ONGC prioritizes the early monetization of discoveries through accelerated project execution. It is also making significant investments in Deepwater exploration, Improved Oil Recovery (IOR), and Enhanced Oil Recovery (EOR) projects, maximizing production efficiency and tapping untapped reserves.

Aligned with its growth plans, ONGC is embarking on an expedited development of multiple offshore fields over the next three years. Its objective is to establish more than 25 offshore facilities, lay over 1000 kilometers of subsea pipelines, and create associated infrastructure, requiring an investment of USD 11 billion.

As a trailblazer in India's energy sector since 1956, ONGC remains dedicated to providing dependable and sustainable energy solutions. Recognizing the vital role hydrocarbons will play in India's energy security and economic growth, we are committed to supporting the nation's evolving energy needs as it strives to double energy demand by 2050, in harmony with the growth of renewable energy sources.

Tata Projects Accelerates Its Future-Ready Pace With Cloud Solutions From SAP

SAP SE (NYSE: SAP) today announced that Tata Projects Limited – one of the fastest growing technology, engineering, procurement and construction companies in India – is accelerating its business transformation journey by leveraging the RISE with SAP solution and surrounding cloud solutions.

Choosing SAP S/4HANA Cloud, through RISE with SAP, Tata Projects now will have access to SAP’s latest cloud innovations in augmented analytics and intelligence to modernize its IT landscape. Having a unified technology platform will empower Tata Projects to simplify complex data sources across the organization while providing a single source of truth for its teams.

“Embracing the cloud is no longer a technological choice, but a strategic imperative,” said Vinayak Pai, CEO and managing director, Tata Projects. “Cloud solutions from SAP will not just help us transform digitally but also empower our teams to innovate, accelerate project lifecycles, drive efficiency and infuse agility across the board.”

With several marquee infrastructure and industrial projects under way, Tata Projects is creating a road map for its mission to deliver predictable and sustainable projects through innovation and technology.

“I’m delighted to continue working with Tata Projects to help them harness the innovative power of the cloud through RISE with SAP,” said Scott Russell, member of the Executive Board of SAP SE and lead of Customer Success. “With the power of SAP S/4HANA Cloud, private edition, Tata Projects will be able to collaborate even more easily across their operations. We’re excited to support Tata Projects’ success with SAP.”

Exciting Offers From Yamaha In Karnataka During Dussehra Festivities

* Offer is applicable on 150cc FZ-X & 125 Fi Hybrid Scooters

To celebrate and welcome the festivities in the state of Karnataka, Yamaha Motor India announced special offers in lieu of Dussehra festivities. Valid till 31st October 2023, the exclusive offers are currently applicable on Yamaha’s 150cc FZ-X and, 125 Fi Hybrid scooters - RayZR and Fascino in the state.

Below are the offer details:

Rs. 3,000/- instant cashback

Attractive finance schemes and low-down payment starting from Rs. 2,999/- only

Yamaha’s current product portfolio includes YZF-R15 V4 (155cc), YZF-R15S V3 (155cc), MT-15 V2 (155cc); FZS-FI Version 4.0 (149cc), FZS-FI Version 3.0 (149cc), FZ-FI (149cc), FZ-X (149cc), and scooters like Aerox 155 (155cc), Fascino 125 FI Hybrid (125cc), Ray ZR 125 FI Hybrid (125cc) and Ray ZR Street Rally 125 FI Hybrid (125cc). 

Shoppers Stop Ropes In- Rakul Preet For Its Diwali Campaign, ‘We-Time Wali Diwali’

Shoppers Stop, India’s leading omnichannel destination for fashion, beauty, and gifting, is all set to ignite the spirit of togetherness this Diwali with an exciting digital campaign “We-Time Wali Diwali” featuring actor- Rakul Preet Singh. 

The campaign's central theme revolves around the tradition of Diwali, a time when families and friends come together to celebrate. However, in today's fast-paced life, these moments of togetherness are often overshadowed. 'We-Time Wali Diwali' encourages individuals to rekindle their relationships by cherishing these precious moments. Whether it's a family gathering, a romantic date night, or a fun outing with friends, Shoppers Stop encourages everyone to allocate time for these valuable connections, emphasizing the importance of 'Rishton ko dein thoda we-time.' 

Commenting on the same Ms. Shwetal Basu, Customer Care Associate and Chief of Marketing and Communication at Shoppers Stop said; "Shopping is not just buying, it is creating moments together. Diwali is the perfect occasion to bond with friends and family. Diwali shopping is one of the moments that gets us together. With ‘We Time Wali Diwali’, Shoppers Stop encourages people to spend time with their loved ones whether it is shopping together or buying gifts together. Just embrace the joy of togetherness this festive season and weave precious memories that last a lifetime.” 

Speaking about the new campaign, Rakul Preet Singh said; “As someone who cherishes moments with my family and friends, I resonate deeply with the concept of 'Rishton ko dein thoda we-time.' It is very important that we spend time with our loved ones, especially during festivities and this campaign is a beautiful reminder of the same. I am absolutely delighted to be part of Shoppers Stop’s Diwali campaign, 'We-Time Wali Diwali" and their endeavour to bring people closer through fashion and heartfelt connections." 

Ms. Basu added that Rakul Preet's association with Shoppers Stop adds a touch of glamour and authenticity to the campaign, making it more relatable to the target audience. 

Shoppers Stop’s diversified omnichannel offering spans over 800+ recognized and trusted brands across an incomparable range of products. Customers can choose from a diverse range of festive collections and exclusive brands spread across multiple categories. Shoppers Stop is home to one of the country's longest-running and most coveted loyalty programs 'First Citizen Club'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indians shop. Customers can also indulge in experiential events such as gift-wrapping workshop, fashion and styling activities, live music performances and many more.  

That's not all; this festive season Shoppers Stop is taking the excitement up a notch with their exclusive "Bill Buster" offers, delivering unbeatable deals on Tommy Hilfiger luggage and BOSS watches. To add to the excitement, customers who make a purchase of Rs. 10,000 /- or more on MasterCard, will get a chance to win World Cup tickets. It's not just a shopping spree; it's a top-notch festive experience. 

Join Shoppers Stop in celebrating Diwali indulging in premium brands, trendy fashion, and unique style.  

For an unforgettable festive season. To shop for the festive collection online visit- www.shoppersstop.com  

Campaign Video: https://youtu.be/qQzisqrRPRs 

About Shoppers Stop Limited: 

Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 102 department stores, in 55 cities the Company also operates 7 premium home concept stores, 87 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, and 22 Airport doors, occupying an area of 4.0M sq. ft. 

Shoppers Stop is home to one of the country's longest-running and most coveted loyalty programs 'First Citizen'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indians shop, bringing more value, comfort, and convenience to customer experiences. The brand's diversified Omni channel offering spans over 800+ recognized and trusted brands across an incomparable range of products that together serve our overarching objective of delivering customer delight. 

Axis Bank Reinforces Its Ethos Of ‘Customer Obsession’, Rolls Out Sparsh Week Initiative

With an aim to reinforce its firm commitment towards Customer Obsession, Axis Bank, one of the largest private sector banks in India, has launched ‘Sparsh Week’, an event focused on strengthening the bond between the Bank and its customers. As part of this initiative, the Bank will organize a series of engaging customer-centric activities for its employees to amplify the spirit and promise of Customer Obsession. The Bank will also organize educative and customer-focused activities during this week, thereby aligning the Bank's employees and customers in their journey of progress, innovation, and transformation. 

Sparsh Week will commence from October 9th - 13th, covering 5000+ Axis Bank branches and retail asset centers across the country. More than 15 events have been planned for the entire week and will be broadcasted LIVE to all 95k+ Axis Bank employees. 

This year, Axis Bank has aligned Sparsh Week with its three core principles: Listen, Act, and Celebrate. It emphasizes on active ‘Listening’ through multiple touchpoints to better understand customers' needs and concerns; promptly ‘Acting’ upon customers' feedback & queries, and ‘Celebrating’ the invaluable connection Axis Bank shares with its customers. 

Commenting on the initiative of Sparsh Week 2023, Mr. Subrat Mohanty, Executive Director, Banking Operations & Transformation, Axis Bank said, “At Axis Bank, we are Dil se Open for our customers and are committed to providing the highest levels of customer service. Sparsh encapsulates this spirit as we aspire to Listen, Act, and Celebrate our customers' insights and feedback. This initiative embodies our ethos of not just being a bank, but a partner and enabler in fulfilling their dreams and aspirations. Our customers have trusted us for decades, and we aim to provide them with a delightful banking experience that truly stands out.” 

The spirit of Sparsh Week revolves around empowering the Bank’s employees to elevate customer experience. Through a week-long series of events, Axis Bank endeavours to empower its customers, foster trust, and embody its promise of prioritizing customer satisfaction. The Bank will host interesting programmes such as ‘MasterClass – Inspire Series’ wherein industry leaders from Swiggy etc. will share their transformational stories of client focus and delight; ‘Call Listening Sessions’ will help the Bank identify and address customer concerns; 'Customer Protection' will create awareness about fraud prevention and security measures, and ‘Timeless Stars’ will celebrate Axis Bank’s association with its customers by felicitating deserving employees with a token of appreciation. 

About Axis Bank:

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 4,945 domestic branches (including extension counters) and 15,798 ATMs across the country as on 30th June 2023, the network of Axis Bank spreads across 2,754 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund, and Axis Bank Foundation.

For further information on Axis Bank, refer to the website: https://www.axisbank.com

Atlassian To Acquire Loom To Supercharge Team Collaboration

Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it has entered into a definitive agreement to acquire Loom, the video messaging platform that has amassed more than 25 million users and was named among the top 50 of Fast Company’s World’s Most Innovative companies in 2023. 

The global movement towards distributed work has fueled a need for new ways to help teams collaborate when they are not in the same location or even the same hemisphere. Asynchronous (async) video has been at the forefront of this movement with Loom’s business users recording almost 5 million videos per month. 

“Async video is the next evolution of team collaboration, and teaming up with Loom helps distributed teams communicate in deeply human ways,” said Mike Cannon-Brookes, co-founder and co-CEO of Atlassian. 

Atlassian has deep expertise in how teams work. It's already the go-to place for over 260,000 customers who plan, track and get work done, and the addition of Loom will further elevate the collaboration experience for teams. Soon, engineers will be able to visually log issues in Jira; leaders can use videos to connect with employees at scale; sales teams can send tailored video updates to clients and HR teams can onboard new employees with personalized welcome videos. 

Furthermore, by integrating Atlassian’s and Loom’s investments in AI, customers will be able to seamlessly transition between video, video transcripts, summaries, documents, and the workflows developed from them, providing multiple ways for teams to connect and collaborate. 

For Loom customers, the acquisition will bring the benefit of Atlassian’s platform and portfolio of products, allowing users to plug async video directly into key workflows in Jira and systems of record in Confluence. 

“Loom’s vision is to empower everyone at work to communicate more effectively wherever they are, and by joining Atlassian, we can accelerate their mission to unleash the potential of every team,” said Joe Thomas, co-founder and CEO of Loom. “We’re excited to weave video into collaboration in a way that only Loom + Atlassian can.” 

Details Regarding the Transaction 

Under the terms of the definitive agreement, Atlassian will acquire Loom for approximately $975 million, inclusive of Loom’s cash balance, subject to customary adjustments. Total consideration will be comprised of approximately $880 million in cash, and the remainder in Atlassian equity awards, subject to continued vesting provisions. 

Atlassian expects to fund the cash consideration through existing cash balances and the transaction is not expected to have an impact on the company’s share repurchase strategy. 

The transaction is expected to close in the third quarter of Atlassian’s fiscal year 2024, subject to customary closing conditions and required regulatory approval. 

The acquisition is expected to be slightly dilutive to non-GAAP operating margins in fiscal years 2024 and 2025. 

Loom Background 

Founded in 2016, Loom is a video messaging platform that helps users communicate through instantly shareable videos. Known for their ease of use, users simultaneously record their desktop screen, camera, and microphone creating rich documentation of institutional knowledge. With transcripts in 50+ languages and AI features that write titles, summaries, chapters, and tasks, Loom videos become important company know-how to be shared, reused, and self-served across teams. 

Sharing many similarities with Atlassian’s mission, product-led go-to-market motion, and culture, today Loom serves over 200,000 customers. 

For further details on the announcement from Mike Cannon-Brookes, head to Atlassian’s Work Life blog. 

About Atlassian 

Atlassian unleashes the potential of every team. Our agile & DevOps, IT service management and work management software helps teams organize, discuss, and complete shared work. The majority of the Fortune 500 and over 260,000 companies of all sizes worldwide - including NASA, Kiva, Deutsche Bank, and Salesforce - rely on our solutions to help their teams work better together and deliver quality results on time. Learn more about our products, including Jira Software, Confluence, Jira Service Management, Trello, Bitbucket, and Jira Align at https://atlassian.com. 

Digitally Empowering Relationship Managers Key To Growth Of Wealth Management Business, Accenture Research Finds

Despite ongoing macro-economic volatility, the size and growth of the underlying client base of the wealth management business at banks and wealth firms in Asia appears extremely robust. In addition, their goals for 2022-26 remain ambitious: to increase assets under management (AUM) by 1.6x and to grow revenue 1.4x according to Accenture’s Future of Asia Wealth Management report. However, they will struggle to attain these goals unless they significantly improve client experience by digitally empowering relationship managers (RMs) and revamping their digital channels.

The report is based on a survey of 3,700 affluent, high-net worth and ultra-high-net worth investors across 12 markets in Asia including India. Accenture also surveyed nearly 600 RMs and interviewed 20 CXOs of wealth firms and banks operating across Asia.

The report finds that the total investor wealth available in Asia is about USD 216.6 trillion. Affluent individuals i.e., those with USD 100k-1 million of assets comprise by far the largest proportion – some 854 million people, or nearly 99 percent of the total wealth segment. They control 75 percent of the assets available, worth USD 163.5 trillion. High net worth investors with assets between USD 1 million and USD 30 million control 15% of the assets available, worth USD 32.2 trillion. Lastly, ultra-high-net worth investors – people with assets over USD 30 million – control the remaining 10% of assets that are worth USD 20.9 trillion.

RMs are burdened with low-value, manual administrative work

The research found that while RMs are key to the wealth business’ growth ambitions and clients value their hands-on counsel, their workdays are tied up by operational and repetitive tasks that could be automated, leaving less than half (44%) of their time for revenue-generating activities. This also impacts the level of service they can provide, as 50% of clients surveyed say their RM’s service quality could be improved.

Wealth management firms and banks need to empower RMs using technologies – notably AI, generative AI and intelligent automation. In addition, digital enablers such as an integrated RM cockpit with single-view dashboards can support the end-to-end client lifecycle – from prospecting and onboarding to sales planning, advisory, and servicing. Giving RMs the necessary digital tools and automating non-revenue-generating work could boost productivity, free up their time for wealth planning. and unlock higher loading ratios.  This can potentially contribute upto a 20 percent rise in the client service experience, which correlates directly to higher assets under management (AUM) capture.

Differentiated omni-channel experiences key to client relationships

The report revealed that even as RMs continue to be important, creating a compelling digital client experience is crucial for the wealth business. In fact, just half of surveyed investors said they enjoy an end-to-end omni-channel experience.

However, successfully targeting investors across the affluent, high-net worth and ultra-high-net worth segments requires different approaches including digital self-serve, omni-channel and RM-assisted channels. For instance, investors particularly in the affluent segments require a smart, digital-first omni-channel approach aligned to moments that matter i.e., “turning point” activities that influence their decision to act. On the other hand, even though ultra-high-net worth investors greatly value mobile and digital capabilities for convenience, firms must also provide them with sophisticated RMs and other human intervention.

Revamping digital channels – particularly mobile apps is crucial

Surveyed investors across wealth bands ranked mobile apps as the most important digital channel provided by their wealth managers. However, less than half (47%) said they were satisfied with their firm’s mobile app and were critical of its experience – including around performance, usability and robustness. Secondly, while the apps delivered on customer expectations of investment execution, serious gaps exist in the advisory coverage and asset classes supported on mobile apps. Around 75% of all assets in Asia including equities, fixed income and private equity are not fully supported by the app despite client demand.

Executive Commentary:

Sonali Kulkarni, Lead – Financial Services, Accenture in India said, “With growing investable wealth in India, banks and wealth management firms have a huge opportunity for growth. It is imperative that they digitally empower their relationship managers using generative AI and intelligent automation so they can significantly step up the value they bring, augment customer experience and thereby, deliver higher assets under management. In addition, they need to go beyond an ‘one size fits all approach’ and adopt differentiated channel approaches – be it digital self-serve, omni-channel or RM-assisted – for different wealth segments.”

Methodology

For the report, Accenture conducted two surveys — one of approximately 3,700 investors and nearly 600 relationship managers at private banks, captive wealth firms, retail banks and independent wealth firms in 12 Asian markets — and interviewed more than 20 CXOs at wealth firms and private banks operating across the region.

The surveys were conducted in December 2022 and January 2023, and the interviews were in late 2022. Investor respondents worked with at least one wealth management firm and had investable assets ranging from at least USD 100,000 to more than USD 30 million. Forty percent of investor respondents were affluent (with investable assets of USD 100k-1 million) while 60 percent fell within the high-net worth (with household assets of USD 1 million - 30 million) or ultra-high net worth stratum (with household assets above USD 30 million).

Respondents for both surveys were from the following markets: India, Australia, China (mainland), China (Hong Kong SAR), Indonesia, Japan, Malaysia, Saudi Arabia, Singapore, Thailand, United Arab Emirates, and Vietnam.

Mahindra Lifespaces® Acquires And Parcel In Wagholi, Pune

~ Acquires 5.38 acres with a development potential of over 1.5 Million Sq.ft.

Mahindra Lifespace Developers Ltd. today announced that it has acquired 5.38 acres of land in the premier neighborhood of Wagholi in Pune. The land is estimated to have a development potential of over 1.5 million square feet of saleable area. 

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “Wagholi is a high potential micromarket of Pune. It has a growing demand for high-quality residential spaces, ready to be absorbed. The proposed land parcel is located within a well-planned Kharadi-Wagholi micro-market, boasting a robust social amenities and civic infrastructure. This land acquisition reaffirms our commitment to Pune and is aligned with our strategy to further solidify our presence in the city's pivotal micro-markets.” 

The site is strategically situated in the upscale East Pune locality, surrounded with well-developed social infrastructure that includes top educational institutes such as Wellington College International, Euro School, and Poddar International school. Moreover, this project is located near major commercial hubs, such as the World Trade Centre and EON Free Zone. Additionally, it also enjoys close proximity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar. 

About Mahindra Lifespaces Developers Limited

Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 34.46 million sq. ft. of completed, ongoing, and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments

/ industrial clusters across four locations.

Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.

The first real estate company in India to have committed to the global Science Based Targets initiative (SBTi), all Mahindra Lifespaces’ projects are certified environment friendly. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces® is the recipient of over 80 awards for its projects and ESG initiatives.

Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

SAP Labs India Opens Its Second New Office In Kharadi, Pune

* The office supports Hybrid Work model, underscoring SAP's employee friendly policy

SAP Labs India announced the opening of its second Pune office today. With the expansion, SAP Labs India will elevate its position as a strong employment provider in the Pune technology landscape. The new office will accommodate 300 professionals spanning over 30,000 square feet.

The inauguration of the new office in Pune marks a significant milestone for SAP Labs India and reflects the company's continued dedication to fostering growth and innovation within India's vibrant technology landscape.

On the occasion, Sindhu Gangadharan, SVP & MD of SAP Labs India, and Head of SAP User Enablement, said, “Our expansion to a new office in Pune underscores the city's rise as a vibrant hub for innovation and growth. SAP Labs India, Pune holds a pivotal position in our overarching growth strategy in the region, and our expanded presence in the city is a testament to continue fostering a workplace that truly empowers our people and focuses on their wellbeing.”

With an exciting office space, SAP Labs India promotes creative potential through "Pledge to Flex," emphasizing employee appreciation and a trusting, empowering workplace. The office space is designed to cater to diverse work styles and accommodates neurodiversity. It offers sensory-friendly areas, quiet zones, collaborative workspaces, and recharging stations. The office's design philosophy blends subtle hues with honest materials like timber and concrete, complemented by whimsical graphics to inspire creativity.

Located in Kharadi, SAP Labs India's Pune office symbolizes the company's dedication to nurturing innovation, fostering collaboration, and providing a supportive environment for its employees.

About SAP

SAP’s strategy is to help every business run as a sustainable intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world’s total global commerce touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into sustainable intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives.

For more information, visit www.sap.com

SIDBI And IPPB Enter Into MoU For Development Of Informal Micro Entrprises

India Post PaymentsBank (IPPB) and the Small Industries Development Bank of India (SIDBI) entered into a strategic partnership to promote extension of formal financial services and other support services to MSMEs, especially enterprises in rural and remote areas of the country. Shri Sivasubramanian Ramann, CMD SIDBI and Shri J. Venkatramu, MD & CEO, IPPB signed an MoU on October 11, 2023 in the august presence of Shri Vivek Joshi, Secretary, Department of Financial Services, GoI and Smt.Vandita Kaul, Member (Banking and DBT), Postal Services Board, Department of Posts, GoI. 

The partnership aims to leverage IPPB’s rural reach and deep connect with village level communities and SIDBI’s lending and credit risk assessment models in reaching to informal and micro enterprises in rural and remote areas as may be permitted under the extant regulations. IPPB shall also support SIDBI’s customers in digitising the payment mechanisms through its merchant onboarding system and collection solutions like UPI, QR based solutions, etc. The two Institutions will also undertake joint programmes to upgrade skills of Dak Sevaks in supporting credit and other services to micro enterprises. They will jointly work together to identify other areas of mutual interest and undertake the various activities to support MSMEs and MSME ecosystem across the country with special focus on informal micro enterprises. 

Along with signing of the MoU, announcements were also made for organising a hackathon involving the Fintech community for innovation in financial services in rural areas as also a Swavalamban Challenge Fund to promote rural livelihood enterprises. 

Speaking on the occasion, Secretary, DFS emphasised on the potential that the proposed partnership between SIDBI and IPPB holds in furthering the financial inclusion in the country, especially by targeting informal and micro enterprises in rural and remote areas. 

Member (Banking & DBT), PSB highlighted the efforts made by IPPB within a short span of time since its inception in promoting financial inclusion as also in digitising financial transactions to improve affordability and ease of access to the very small enterprise. 

Mr. Sivasubramanian Ramann, said “we look forward to a fruitful and meaningful partnership with  IPPB which can make a positive impact on millions of informal rural enterprises in the country by improving their access to financial services and  financial literacy.” 

Shri J. Venkatramu, MD & CEO, IPPB expressed the institutional desire to strengthen financial inclusion initiatives and looked forward to the partnership with the principal Financial Institution for MSMEs in the country.   

Photo Caption: Shri Sivasubramanian Ramann, CMD, SIDBI and Shri J. Venkatramu, MD & CEO, IPPB signs MoU for development of informal micro entrprises.

Empowering Vision: LG Electronics India's ‘KAREIN ROSHNI’ Initiative Illuminates Lives

* Partnering with six charitable hospitals in India, LG aims to aid 14,500 people through cataract surgeries

Ahead of World Sight Day, LG Electronics India proudly embarks on the next phase of its Corporate Social Responsibility (CSR) endeavour, "KAREIN ROSHNI: Light For Every Sight," aimed at transforming lives through comprehensive eye care and surgical interventions. This year's initiative marks a significant expansion of the program's reach as LG India collaborates with six new partners to support 14,500 cataract surgeries across India to amplify its impact.

Under the banner of "KAREIN ROSHNI," LG India has forged strategic partnerships with six esteemed hospitals across the country, thereby solidifying its commitment to improving eye care accessibility and eliminating preventable blindness. Through these partnerships, a projected total of 14,500 surgeries are anticipated to be performed during the fiscal year 2023-24 across India, a remarkable testament to LG's dedication to making a difference through six charitable hospitals namely - Dr. Shroff’s Charity Eye Hospital, Icare Eye Hospital, Noida (unit of Ishwar Charitable Trust), Sankara Eye Foundation (A unit of Sri Kanchi Kamakoti Medical Trust, H.V. Desai Eye Hospital (The Poona Blind Men’s Association), Sri Sankaradeva Nethralaya Guwahati (a unit of Sri Kanchi Sankara Health and Educational Foundation), Sri Akhand Jyoti (Yugrishi Shriam Sharma Acharya Charitable Trust).

Furthermore, the initiative encompasses a comprehensive awareness campaign about eye care to educate and empower individuals to take charge of their visual health. By promoting eye care awareness, LG endeavours to prevent avoidable blindness and enhance the quality of life for countless individuals across India.

Commenting on the initiative, Hong Ju Jeon, MD, LG Electronics India said, "At LG, our commitment goes beyond innovation – it's about illuminating lives. Building on the incredible response to the flagship initiative KAREIN ROSHNI, we're thrilled to take this forward on a bigger scale. With this initiative, we're not just offering vision, but also awareness, choices, and possibilities to the lesser privileged society. For over 25 years, we've constantly elevated lives, and our “KAREIN ROSHNI- Light For Every Sight” CSR initiative is another stride on that path. We extend heartfelt thanks to our partner hospitals for joining us in this noble cause."

Karein Roshni has been LG India’s one of the flagship CSR project. Under the aegis of this initiative, this year LG India has pledged to support 14,500 cataract Eye surgeries across India through 6 charitable Hospitals. As LG Electronics India continues to champion social responsibility through innovative initiatives like "KAREIN ROSHNI: Light For Every Sight," the company is set to reaffirm its dedication to creating a brighter, more inclusive, and healthier future for all.

About LG Electronics Home Appliance & Air Solution Company 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com. 

VOX India Showcases Innovative Interior Décor Products At Acetech Bangalore 2023

VOX India, a renowned name in the realm of building finishing materials, took the design world by storm, showcasing its range of innovative interior décor products at the recently concluded Acetech Bangalore 2023.

Acetech is Asia’s leading trade fair focused on architecture, interior design, building materials, and related industries. The exhibition endeavors to provide a comprehensive display of all aspects of architecture and design, putting a spotlight on the latest innovations in the space. Each year, Acetech plays host to eminent brands, architects, real-estate developers, hoteliers, equity investors, builders, engineers and designers, from India and across the globe. The event is organized by Asian Business Exhibitions & Conferences Ltd.

VOX India’s booth was a key highlight at Acetech Bangalore this year, exhibiting a wide and impressive range of the company’s products, including its Soffit ceilings, Facades and SPC Flooring. The VOX India booth was inaugurated on the first day of the trade show by renowned actress and model, Ms. Srinidhi Shetty.

Speaking about the event, Mr. Varun Poddar, Founder, VOX India, said “Acetech is the perfect platform for developers, product manufacturers, service providers from diverse areas of the design and architecture sector to showcase the revolutionary solutions that will shape the future of the space. VOX India is a brand that is at the forefront of delivering innovative and sustainable products to the design industry, and our presence at Acetech Bangalore significantly enhances our ability to engage with key stakeholders and further our mission to redefine interior décor.”

About VOX India:

VOX started its operation in India in 2018 with its flagship products – Infratop ceiling systems, Facade system, Kerradeco decorative wall system, SPC Flooring and Acoustic ceilings. VOX is a renowned European brand at the forefront of designing, manufacturing, and distributing furniture, home furnishings, and building materials. Since 1989, the Voelkel family, the driving force behind the brand, has established VOX as a symbol of independence, originality, and creativity in business. With a legacy of over three decades, VOX has now established a presence in India through its association with the former promoters of Ashirvad pipes. Founded in 1975, Ashirvad pipes, renowned as the largest CPVC and column pipe manufacturer globally, concluded its operations in 2018 after being acquired by the Aliaxis group.

Godrej & Boyce Launches 'Conscious Collective' An Annual Event To Redefine Sustainable Living Through Design

~ Exploring the Intersection of design and sustainability with 30+ creative visionaries to inspire, innovate and reshape a better future ~

Godrej & Boyce, a pioneer in driving sustainable practices in business, announced the launch of the Conscious Collective, a new platform that aspires to drive sustainability beyond the boardroom and into homes and communities of designers, architects and other professionals that hope to build a conscious future.

The Conscious Collective is a long-term initiative led by Godrej & Boyce that aims to herald a new era of design-led innovation with a strong focus on sustainable built spaces, use of conscious materials and the protecting the environment.

The Conscious Collective platform will kickstart in December with an annual 3-day event that will celebrate successes and individuals who are at the vanguard of reimagining a more sustainable future and often act as ambassadors to explore possibilities of a world that is healthier, greener and more sustainable for future generations.  

It will feature an annual showcase of celebrated minds and their work to fostering ideas by young professionals in the space through a fellowship programme and annual report on responsible choices that one can adopt, Conscious Collective is committed to shape a better future.

“With a rapidly growing economy, India can set an example for the world by  fast-tracking innovative design-driven solutions to champion sustainable living. It is crucial that now, all of us work together as a collective force towards meaningful and scalable actions to address the impending climate crisis”, said Mr. Jamshyd Godrej, Chairman and Managing Director, Godrej & Boyce.

Godrej & Boyce has been spearheading the integration of Sustainable Development Goals (SDGs) into business operations by consistently demonstrating that development and conservation do not necessarily have to be mutually exclusive. The balance can be optimised by consciously increasing the footprint of products that are better for the planet, processes that are circular and aim to reduce waste at every  step, creation of an ecosystem of partners and suppliers that can operate with these priorities and decades of protecting livelihoods and of blue carbon systems like the mangroves.

Nyrika Holkar, Executive Director, Godrej & Boyce said, “Pioneering progress has been our purpose for over a century and currently our progress will be defined by how we are able to combat climate change by integrating sustainability in the core business and not as an afterthought. It is the 98% and not the 2% that can really push the needle to being net zero. We hope to bring together professionals and experts to foster ongoing dialogues that bring new possibilities to shape a more conscious future for our children.”

The Conscious Collective is a meticulously curated experience, featuring immersive installations of conceptual spaces, thought-provoking exhibitions on materials,  special keynotes, and discussions with experts, as well as interactive workshops held over 3 days. The event promises to accelerate the journey towards conscious living. From professionals, the common man to children, there will be inspiration for all on this platform.

At the heart of Conscious Collective are strategic partnerships with key professionals and leaders in the fields of architecture, interior design, research, art, and design, as well as industry influencers who are instrumental in driving the event's core mission of promoting sustainable living practices. Among the acclaimed minds involved are Rahul Mehrotra, Anupama Kundoo, Brinda Somaya, Krittika Aggarwal, Mangesh Lungare, Madhav Pai, Karthik Ganesan, Liza Goldberg, Manoj Kumar and many more.

The event also features conscious brands such as Phool, Carbon Craft, Anuvad and more. Visit the site (https://consciouscollective.in/) for the program and collaborator details. Register Now

Follow the social media pages:

Instagram: https://www.instagram.com/godrejdesignlab/?hl=en

Facebook: https://www.facebook.com/GodrejDesignLab/

Don't miss the chance to be part of a transformative journey towards a sustainable future. Join us at the "Conscious Collective" and be a part of the change-makers, innovators, and dreamers shaping a brighter tomorrow for our planet.

About Godrej & Boyce:

Godrej & Boyce (‘G&B’), a Godrej Group company, was founded in 1897, and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and since then, has diversified into 14 businesses across various sectors from Security, Furniture, Aerospace to Infrastructure and Defence. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily. For more information, visit www.godrej.com.

SAP Labs India’s 5th Edition Of Startup Social, A Collaboration Between SAP Startup Studio And Capgemini A Roaring Success

* 235 startups and 530 attendees featured the event

SAP Labs India recently hosted the 5th Edition of Startup Social in collaboration with Capgemini. The event acknowledges itself as an initiative fostering collaboration among industry leaders, startups, and customers to shape the future of Software as a Service (SaaS) and enterprise technology.

This year saw close to 285 start-ups founders participating in a richly curated one-day program with 10+ sessions and around 530 attendees, panel discussions and hand-on workshops, while engaging with their peers and learning from experts through mentor clinics, expert talks and more. Commencing in 2016, this event has not only emerged as a highly anticipated gathering but has also established itself as a unified platform for diverse stakeholders within India's vibrant startup ecosystem. From enterprises and startups to investors and thought leaders, this forum brings together a large group of collaborators under one roof.

The event was kicked-off by Sindhu Gangadharan, SVP and MD, SAP Labs India, where she highlighted the transformative potential of SAP Startup Studio and its significant influence within the Indian startup ecosystem. During the program, a series of enriching fireside chats and insightful panel discussions revolving around digital transformation and the evolution of modern startups were organized.

Among the many significant dignitaries present at the event, Sokrates Koutounidis, Vice President & Global AE for SAP at Capgemini, highlighted the partnership between SAP Labs India and Capgemini. Meanwhile, Dev Ramnane, Head - Early-Stage Startups, AWS, discussed the collaboration between AWS and SAP Labs India, whereas, Chaitanya Ramalingegowda represented Wakefit and provided insights as a valued customer of SAP, shedding light on the how to navigate success in a dynamic world. The day also featured other key luminaries from the Unicorn ecosystem in India such as Mabel Chacko (Open), Sudarshan Ravi (LetsTransport), Amuleek Singh Bijiral (Chaipoint) among others.

These engaging sessions fostered thought-provoking discussions and a wealth of knowledge exchange.

Addressing the audience at the event, Sindhu Gangadharan said, “India is the third largest startup ecosystem globally and will continue to grow exponentially with its large talent base in the region. Our commitment to innovation extends beyond SAP itself. Over the last 25 years, India’s startup community has been an integral part of SAP’s journey. We recognize the importance of startups in India's tech growth and support them by providing access to SAP's services, technologies, customers, partners and more. We are here to support startups thrive and SMEs succeed, contributing to India's ongoing tech evolution and economic growth in the digital era.”

Adding to Sindhu’s comments, Justin Paul, Head - SAP Startup Studio said, “The startup studio program facilitates growth-stage startups within the SAP ecosystem, fostering safe and collaborative expansion opportunities. Over the 12-month duration, our partners benefit from expert guidance encompassing industry, technical & Go-To-Market domains, nurtured under the guidance of the Product Management, Product Engineering teams at SAP Labs India and active collaboration with various sales & marketing teams from SAP India Market Unit. With 62 startups incubated to date and 22 engaged in co-innovation with SAP and over 50+ Joint Go-To-Market engagements as of 2023, we have facilitated a significant total of $150+ million in funding. Our commitment is to sustain and enhance this initiative, nurturing startups poised to drive transformative change.”

The 5th Edition of Startup Social stood as a testament to SAP Labs India's unwavering commitment to promoting innovation, fostering collaboration, and enabling startups to drive the digital transformation agenda in the region. Through initiatives like SAP Startup Studio, SAP Labs India continues to pave the way for a vibrant and forward-thinking startup ecosystem, poised to shape the future of enterprise technology.

About SAP

SAP’s strategy is to help every business run as a sustainable intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world’s total global commerce touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into sustainable intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives.

For more information, visit www.sap.com

upGrad Signs MoU With SRM University, Chennai, Joins Forces To Empower Students With Future Skills

upGrad, Asia’s largest integrated learning skilling and workforce Development Company, has entered into a transformative memorandum of understanding (MoU) with SRM Institute of Science and Technology in Chennai. This strategic alliance marks a significant step towards bridging the gap between traditional academia and the ever-evolving demands of modern industry. 

Designed specifically for SRM students, this partnership aligned with the National Education Policy (NEP) and UGC guidelines, aims to offer a comprehensive training experience to learners through workshops, certifications, and boot camps, promoting a hybrid learning model that combines online education with on-campus engagement for a dynamic educational atmosphere. The focus areas encompass cutting-edge fields such as data science, web development, artificial intelligence, and digital marketing, with programs meticulously designed to equip students with advanced skill sets in alignment with contemporary technological trends, ultimately bolstering their employability in the tech industry. 

Prof. Jayakumar, Dean School of Engineering and Technology, SRM Vadapalani campus added “SRM looks forward to this partnership with upGrad as an industry education partner to provide emerging tech skill programs to the students and faculty members to expand their employment opportunities in India and around the globe”

Pavan Boggarapu, Vice President - Product at upGrad and an alumni of SRM Institute Chennai, said "I am thrilled about the incredible opportunities that this partnership has unlocked for learners at SRM Institutions. It goes far beyond preparing them for traditional jobs; it's about empowering them to embrace a future filled with limitless possibilities. Through this collaboration, students will gain access to upGrad's state-of-the-art learning resources, online courses, and cutting-edge technologies, further enriching their educational experience. We strongly believe that these programs will encompass both essential soft skills and emerging technical competencies, bridging the gap between academic excellence and industry readiness, fostering a seamless transition for students into the professional world."

This partnership is not only limited to course offerings. Recently, upGrad also served as the technology partner for SRM's Hackfest 2.0, involving eight participating colleges. They organized a two-day, hands-on workshop for computer science engineering students, preparing them for the Hackathon competition. The strategic collaboration is set to enhance the institute's course offerings, providing learners with increased global job prospects at accessible rates propelling Indian students to become the hallmark standard of talent. Thus, offering ample global opportunities to the Indian talent.

About upGrad

Started in 2015, upGrad is Asia’s largest integrated Learning, Skilling, and Workforce Development Company. The offerings range from online & hybrid Degree programs to pathway and study abroad programs to certification and Bootcamps to Diploma, Master’s and Doctorate programs for working professionals. upGrad provides most of these programs to enterprise clients through its B2B arm along with recruitment and staffing services. To date, upGrad has enrolled 10 million+ learners from 70+ countries, boasts a network of 300+ direct global university partners, wide line-up of 2500+ pathway connections, 20,000+ recruitment partners, and an enterprise arm with 3000 corporate partners, worldwide. www.upgrad.com

Scoot Awarded Best Low-Cost Carrier At TTG Travel Awards And Travel Weekly Asia Readers’ Choice Awards 2023

Scoot, the low-cost subsidiary of Singapore Airlines, has been awarded “Best Low-Cost Carrier” at the TTG Travel Awards and Travel Weekly Asia Readers’ Choice Awards 2023. Scoot has won these awards for consecutive years, underscoring its commitment to delivering operational and service excellence, and reaffirming its position as a leader in the industry.

Scoot’s Chief Commercial Officer, Mr. Calvin Chan, attended both award ceremonies and expressed his gratitude. He said, “We are honoured to receive these awards once again and would like to thank our valued customers and industry partners for their support through the years. These awards reflect the unwavering dedication, passion, and hard work of the entire Scoot family. We remain committed to connecting people and cultures through travel and redefining the experience in the low-cost carrier industry.”

TTG Travel Awards 2023 – Best Low-Cost Carrier

The TTG Travel Awards is organised annually by TTG Asia and honours the best of Asia Pacific’s travel industry. Winners are determined through online voting by TTG publication readers and travel trade industry professionals.

The 32nd Annual TTG Travel Awards Ceremony and Gala Dinner was held in Thailand on 28 September 2023. This year marks Scoot’s third consecutive year in winning the award.

Travel Weekly Asia Readers’ Choice Awards 2023 – Best Low-Cost Carrier (Asia Pacific)

The Travel Weekly Asia Readers’ Choice Awards acknowledges excellence in the travel and hospitality industry. Winners were selected from votes casted by industry professionals based on overall excellence, professionalism, innovation and other criteria according to their area of expertise.

The award ceremony was held at Conrad Centennial Singapore on 3 October 2023.

This is Scoot’s second win in the same award category.

Earlier this year, Scoot was also named the “Best Low-Cost Long-Haul Airline” at the Skytrax World Airline Awards 2023. Since 1999, the World Airline Awards has been regarded as ‘the Oscars of the aviation industry’ and remains fully independent and impartial, with travellers of over 100 nationalities deciding on the winners via a passenger satisfaction survey.

Photo Caption: (Scoot’s Chief Commercial Officer, Mr. Calvin Chan, representing Scoot at the award ceremonies for TTG Travel Awards and Travel Weekly Asia Readers’ Choice Awards 2023).