Saturday, November 18, 2023

Bank of Baroda Inaugurates 6th Edition Of “Baroda Kisan Pakhwada” – An Annual Outreach Programme For Indian Farmers

* Through Baroda Kisan Pakhwada, the Bank engages with farmers and creates awareness of various agri initiatives taken by the Bank as well as agri products & schemes offered  

* The Bank aims to reach out to 4 lakh farmers during the Baroda Kisan Pakhwada programme 

Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the 6th edition of “Baroda Kisan Pakhwada”, the Bank’s annual, fortnight long engagement programme focused on the Indian agrarian economy. The farmer engagement programme commences on November 16, 2023, and will conclude on November 30, 2023, with the Baroda Kisan Diwas celebrations. During the two-week long agri festival, the Bank’s semi-urban, rural and select metro and urban branches across the country will actively participate. The Bank is targeting to reach 4 lakh farmers during the course of the Baroda Kisan Pakhwada through a number of outreach events. 

During the fortnight, the Bank will reach out to farmers and create awareness about various initiatives such as the Kisan Credit Card drive in the name of "Ghar-Ghar KCC Abhiyaan" as well as create awareness on agri products, schemes/offers and delivery channels offered by Bank of Baroda for the benefit of the farming community. The event will also help to promote various Atmanirbhar Bharat schemes introduced by the Government of India such as the Agriculture Infrastructure Fund (AIF), Animal Husbandry Infrastructure Development Fund (AHIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), PM Formalisation of Micro Food Processing Enterprises Scheme (PM-FME), etc.  

The Bank will organise farmer meetings, choupals, kisan melas and health camps (for the soil, animals and farmers) during the fortnight and will also use this occasion to promote awareness on financial literacy and cyber frauds to participants.  

Speaking on the occasion, Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “The Baroda Kisan Pakhwada is a one-of-its-kind farmer engagement and outreach programme in the Indian banking industry. Through this programme, our aim is to acknowledge and appreciate the contribution of the agriculture sector to the Indian economy and help them grow by offering them a range of agri-specific lending products as well as other banking products & services. Bank of Baroda has a rich legacy of serving its agri customers and the Baroda Kisan Pakhwada is one such initiative aimed at strengthening this bond.” 

During the Baroda Kisan Pakhwada held in 2022, a total of 20,152 outreach programmes like Farmer Meetings, Choupals, Kisan Melas, Health Camps (Soil, Animal, Farmer) etc were organised and the Bank connected with 3,87,179 farmers during this period.  

Bank of Baroda’s lending to the agriculture sector stands at Rs 1,30,694 crore as on September 30, 2023, recording a 13.7% year-on-year growth.  

To apply for an agri loan from Bank of Baroda, customers can visit –   

Legends League Cricket All Set To Start Its First Leg In Ranchi Tomorrow

* Munaf Patel, Pravin Tambe and Hashim Amla along with Andrew Leipus and Raman Raheja unveiled the trophy of the Legends League Cricket 

The cricketing world is set to witness a grand reunion as legendary cricketers, Munaf Patel, Pravin Tambe, and Hashim Amla along with Andrew Leipus and Raman Raheja took center stage to kickstart the highly anticipated season of Legends League Cricket (LLC) on Saturday at the JSCA Stadium in Ranchi. The league will see Bhilwara Kings and India Capitals, led by Irfan Pathan, clash against the other, promising fans a nostalgic journey and a spectacular display of cricketing prowess. 

Speaking on the eve of tournament, former Indian cricketer Munaf Patel said, "Legends League Cricket is one of the biggest leagues of the country. And talking about starting the league in Ranchi, only one name comes to mind, my captain, M.S. Dhoni. The stadium that also has his name on the pavilion, is definitely one of the best stadiums in the country. "

Talking about India clash with Australia, he further added that “we are really excited and looking forward for India’s win in the finals of ICC World Cup.”

The Legends League Cricket, a six-team tournament will be played across five cities in India - Ranchi, Dehradun, Jammu, Vizag, and Surat and is scheduled to run from November 18 to December 9, 2023. The much-anticipated season will commence with a thrilling rematch between Bhilwara Kings and India Capitals on Saturday, a repeat of last season's final where India Capitals emerged victorious, lifting the coveted trophy.

Bhilwara Kings boast a potent lineup comprising cricketing stalwarts and emerging talents. The explosive batting duo of Irfan and Yusuf Pathan, combined with the strategic prowess of Shane Watson, adds a dynamic edge to the team. The bowling attack, featuring the likes of Ryan Sidebottom and Iqbal Abdulla, promises to keep opponents on their toes. 

The India Capitals present a formidable combination of seasoned campaigners and rising stars. The team's bowling arsenal is strengthened by the presence of   Pravin Tambe, the dynamic Ashley Nurse, and the experienced Fidel Edwards. 

Star spinner Pravin Tambe said, "Legends League Cricket is a platform to relive the joy and passion for cricket. India Capitals is a team filled with talent, and I am honored to be part of this journey."

Raman Raheja, CEO and Co-founder, Legends League Cricket said, “We are hoping for an exciting and scintillating season starting from November 18. We would like to take the opportunity to thank our fans for the huge response and are looking forward to packed stadiums for all the matches. The matches will be reminiscent of cricketing talent that the entire country has loved over the years.” 

19 matches will be played across 22 days in what promises to be a mouth-watering tournament. After Ranchi, the action will shift to Dehradun on November 24, with the Bhilwara Kings clashing with the Gujarat Giants in what will be the sixth match of the season.

Six teams; India Capitals, Bhilwara Kings, Gujarat Giants, Manipal Tigers, Southern Super Stars, and Urbanrisers Hyderabad will be fighting their way to the coveted trophy.

Bowring Institute ITF World Women's Tour begins today; Sharmada, Suhita given wildcards

The Bowring Institute, which is renowned for its history tracing more than a century ago, is all set to continue its legacy when it hosts the Bowring Institute ITF World Women's Tour which kicks off with the first qualifying round on Sunday.

Players from as many as ten countries including hosts India will be seen in action at the spruced-up clay courts of Bowring Institute in the event which boasts of a total prize purse of US $25,000.  

“We are thrilled to host the Bowring Institute ITF World Women's Tour and welcome players from across the world to showcase their talent on our courts. This tournament adds another chapter to our tennis legacy, said Bhaskar, Vice President, Bowring Institute.

Sunil Yajaman, Tournament Director and Hon. Jt. Secretary of the Karnataka State Lawn Tennis Association (KSLTA) said: "We sincerely thank Bowring Institute for taking up the responsibility to host the ITF Women’s 25,000 prize money event and we are extremely happy that Bowring Institute, which has a rich tennis history, is again back on the Global Tennis Map. I thank the Hon. Secy Mr.  HS Srikanth and the entire team who have made some amazing arrangements for the players.”

Emphasizing on the significance of hosting international events in the country and especially Karnataka, Yajaman said: “We have taken a conscious decision to activate the various districts in Karnataka which will not only put them on the world tennis map but give our players an opportunity to earn valuable ATP points. We are proud to say that we are hosting six ITF events and one ATP Challenger event in a span of just five months.”

As many as six Indians – Rutuja Bhosale, Vaidehi Chaudhari, Pranjala Yadlapalli, Zeel Desai, Shrivalli Rashmikaa Bhamidipaty, and Humera Baharmus – are a part of the 20 players who have earned a direct entry in the main draw of 32. The rest of the 12 spots will be filled up by eight qualifiers and four wild cards.

Karnataka’s top player Sharmada Balu and the promising Suhitha Maruri have been given wildcards along with Anjali Rathi and Sahira Singh. The wildcards for the qualifying include Vidhyalakshmi S, Sai Janvi, Sanjitha Ramesh (all Karnataka), Lakshmi Prabha and Sejal Gopal Bhutada.  

LN Ajay Singh, Director Sales and Marketing, Advait Hyundai who was one of the guests of honour said: "The Bowring Institute holds a special place in the hearts of sports enthusiasts. As the presenting sponsor, Advait Hyundai is honoured to be associated with an event that continues the rich legacy of this iconic institution."

The Bowring Institute has long been a bastion of tennis tradition, having witnessed thrilling matches and iconic moments on its courts with players like Ramanathan Krishnan, Joydeep Mukherjea, former World No.1 Ilie Nastase and former singles top-10 tennis player Ion Tiriac (who became so rich that he opened a bank), amongst others treading the soils of Bowring Institute.

With a competitive field comprising some of the best players, the tennis buffs are in for a feast of high-quality tennis action.

Photo Caption: From left: Dharaka Ellawala, ITF Supervisor, Sharmada Balu, Bhaskar, Vice President, Bowring Institute, Sunil Yajaman, Tournament Director and Hon. Jt. Secy, KSLTA, Suresh Rao, Tennis Member In-charge, Bowring Institute and LN Ajay Singh, Director Sales and Marketing, Advait Hyundai during the press conference of the Bowring Institute ITF World Women's Tour on Saturday.

Friday, November 17, 2023

Fedbank Financial Services Limited IPO To Open On Wednesday, November 22, 2023

·         Price Band fixed at Rs  133 to Rs  140 per Equity Share of face value of Rs  10 each (“Equity Share”) Employee discount of Rs 10 per Equity Share;

·         The Floor Price is 13.30 times and the Cap Price is 14.00 times the face value of the Equity Shares;

·         Bid/ Offer will open on Wednesday, November 22, 2023 and close on Friday, November, 24, 2023. The Anchor Investor Bidding Date shall be Tuesday, November 21, 2023;

·       Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter;

·       RHP Link:

Fedbank Financial Services Limited (The “Company”), shall open its initial public offering of Equity Shares on Wednesday, November 22, 2023. The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ? 600 crore (“Fresh Issue”) and an offer for sale up to 35,161,723 Equity Shares by selling shareholders (the “Offer for Sale” and together with the Fresh Issue, the “Offer”).

 The Anchor Investor Bidding Date shall be Tuesday, November 21 2023.  The Offer will open on Wednesday, November 22, 2023 for subscription and will close on Friday, November 24, 2023.

 The Price Band of the Offer has been fixed at Rs  133 to Rs  140 per Equity Share. Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter. The offer include reservation of upto Rs  10 crore for Employees at a discount of Rs  10 per equity share.

 The Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting Company’s Tier – I capital base to meet Company’s future capital requirements, arising out of the growth of its business and assets. Further, a portion of the proceeds from the Fresh Issue will be used towards meeting Offer Expenses.

 The Offer for Sale comprises of up to 5,474,670 Equity Shares by The Federal Bank Limited (“The Promoter”) and up to 29,687,053 True North Fund VI LLP (“The Investor Selling Shareholder”)

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock   Exchange of India Limited (“NSE”). For the purposes of the Offer, the Designated Stock Exchange shall be National Stock Exchange of India Limited.

The Offer includes a reservation aggregating up to Rs  10 crore for subscription by Eligible Employee (The “Employee Reservation Portion”) and a discount of up to Rs 10 per shares of the offer price to eligible employee bidding in the employee reservation portion. (“Employee Discount”)

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders of which (a) one third shall be reserved for applicants with application size of more than Rs 200,000 and up to Rs 1,000,000; and (b) two third shall be reserved for applicants with application size of more than Rs 1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders (defined hereinafter), in which the corresponding Bid Amounts will be blocked by the SCSBs to participate in the Offer. Anchor Investors are not permitted to participate in the Offer through the ASBA process. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. For details, see “Offer Procedure” on page 465.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited are the Book Running Lead Managers to the Issue.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

Provident Launches Deansgate: Manchester Townhouse-Style Residences In Bengaluru

Provident Housing Limited, a leading name in large-scale community development in India, announced the launch of its latest project, Provident Deansgate. Located at IVC Road in Bengaluru, this exclusive development redefines luxury living, seamlessly blending the charm of Manchester townhouse-style architecture with contemporary design.

Sprawling over 15 acres of land, Deansgate offers 288 meticulously designed townhouses, each a masterpiece of architectural finesse. The development features two distinctive configurations of 3 BHK: the Garden Townhouses, spanning 1,900–1,950 sq. ft., and the Terrace Townhouses, ranging from 2,100–2,200 sq. ft.

Mallanna Sasalu, CEO of Provident Housing Limited, said, “Deansgate embodies our dedication to creating spaces that not only exude thoughtful luxury but also prioritise sustainability and customer delight. By incorporating unique design aesthetics, innovation, and technology into this project, we aim to elevate our customers' lifestyles with homes designed for more.”

“This project lays emphasis on open floor plans and a seamless blend of both indoor and outdoor living.

Large windows and glass doors are incorporated into the design to bring in natural light and create a sense of spaciousness. The use of expansive terraces and garden spaces further blurs the boundaries, facilitating a seamless transition between living spaces, much like the Manchester townhouses that we have drawn inspiration from,” he further added.

The redbrick facade, distinguished clock tower, vintage-themed lampposts, English sculptures, Victorian way-finders, picket fencing, and a distinctive chimney feature as the lift shaft exterior facade collectively create an ambience of refined aesthetic.

Deansgate offers residents the luxury of over 25 thoughtfully curated amenities, such as a 12,000 sq. ft. clubhouse, multipurpose hall, gymnasium, badminton and squash courts, a bowling alley, a lap and leisure pool, a football court, a multiplay court, an amphitheatre, a children's play area, a nature trail, etc. The project also boasts 4 acres of lush green spaces, adorned with over 1,550+ trees, symbolising a commitment to nature with the unique concept of ‘five trees per family’.

The project perfectly aligns with the preferences of new-age homebuyers, focusing on sustainability. The development incorporates eco-friendly elements such as solar panels, energy-efficient fixtures, water-saving innovations, and a curated selection of indigenous plants and trees. With sustainable community design at its core, Deansgate offers an unparalleled living experience for those seeking a harmonious fusion of classic elegance and modern convenience.

The project is registered under Karnataka RERA – PRM/KA/RERA/1250/303/PR/041123/006373 and is slated for completion in the next three years.

Thursday, November 16, 2023

LAN Passive Components Launched by Finolex Cables. Extends Its LAN Portfolio

Finolex Cables, India’s leading manufacturer of electrical and communication cables announced the introduction of “LAN Passive Components” to its existing business of LAN cables. The product range includes patch cords, information outlet, patch card and faceplates. These are especially useful in places like data centres, IT networks, conference rooms and branch office connections with high-density switches. 

Speaking on the launch, Mr. Mahesh Viswanathan, Dy CEO & CFO, Finolex Cables Ltd. said, “We have decades of experience and immaculate track-record in manufacturing telephone cables, JFTC, signal cables, CCTV cables, LAN cables and Fiber Optic Cables (from 6 cores to 576 cores). The company truly understands how to provide better and smarter solutions for our consumers. The number of structured cabling users, including government agencies, educational bodies, telecommunications companies, financial institutions, retailers and social networking services, are growing in tandem with the rising urbanization rate, thus putting additional strain on the current communication infrastructure. Our LAN offerings will deliver a much-needed solution for the structured cabling industry.” 

India is undergoing a digital revolution driven by the rapidly changing business requirements and increased usage of data for decision making. The Indian government aims to develop 100 smart cities, where the internet of things (IoT) will play a pivotal role. At the same time, the need for intelligent buildings is increasing, as more companies are working to make their campuses and facilities world class, while saving costs and responding to the government’s smart building initiative. Due to the growing need for data transmission systems, particularly in metropolitan areas, the number of telecommunication companies have exploded in recent years. Structured cabling offers the critical support for high-performance and unified communication systems; and hence rapid digitization has become a key trend in the structured cabling market for India. 

Mr. Amit Mathur, President – Sales & Marketing said “Our high performing LAN components surpass industry parameters to meet stringent functionality requirements. We believe our Passive systems are the best option for delivering speed consistently, thus, providing Stress Free Smart Solutions for our customers.” 

In India, demand for high bandwidth has risen as internet penetration has increased. Structured cabling enables high bandwidth that is necessary for commercial operations to run smoothly. This ecosystem has evolved at an exponential rate due to its increased data transfer capability, low cost, and flexibility. 

About Finolex Cables Limited (BSE Code: 500144; NSE Code: FINCABLES) 

Finolex Cables is among India’s leading electrical and telecommunication cable companies. It is rapidly transforming from a manufacturer of wires and cables into an electrical products company, by expanding its product portfolio to market products like lighting, water heaters, fans, switches, switchgear, room heaters and electrical conduits. This reinforces its reputation of offering innovative products that cater to the needs of modern households. 

The company started its operation with the manufacture of PVC-insulated electrical cables for the automobile industry. Besides a wide variety of Wires & Cables, the Company is also manufacturing lighting products, electrical wiring accessories, switchgear, fans, and water heaters. The company has manufacturing facilities at Pimpri and Urse in Pune as well as at Goa & Uttarakhand. Finolex Cables is constantly working at introducing innovative technologies and enhancing technical competencies while prioritizing customer requirements, quality, and environmental concerns. 

Union Bank of India Secures 2nd Rank In EASE Reforms

Union Bank of India is ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2023-24 by Indian Banks’ Association (IBA).  

Union Bank of India has been doing well in areas related to enabling various digital and digitally assisted journeys for Customer Convenience, Delivering Excellence in Customer Service with Digital Enablement, Inclusive Near-Home service delivery, Increased adoption of Cloud technologies, Automation and new operating models for Cost and Quality Excellence, Developing People and Enhancing HR operations. 

The performance of Public Sector Banks is measured on four themes under EASE 6.0, in which, Union Bank of India has successfully achieved 1st Rank under the two themes i.e., “Delivering excellence in customer service with digital enablement”, “Developing people and enhancing HR operations” and stood 2nd in two themes i.e. “Digital and analytics- driven business improvement”, “Tech and data enabled capability building. 

Enhanced Access & Service Excellence (EASE) is an initiative by the Department of Financial Services, Ministry of Finance, Government of India’s part of the PSB Reforms Agenda and is currently under its sixth iteration which focuses on “Customer-friendly banking enabled by modern capabilities”.  

Schaeffler AG Published Offer Document For Unsolicited Tender Offer For Vitesco Technologies Group AG

Vitesco Technologies acknowledges that Schaeffler today published the offer document for the unsolicited voluntary public tender offer for Vitesco Technologies. The Executive Board and Supervisory Board of Vitesco Technologies will comprehensively assess the offer document taking into account the interests of all stakeholders and publish a reasoned statement on the offer in due course.

 The Executive Board and the independent Special Committee of the Supervisory Board will determine whether the price offered by Schaeffler is financially adequate for all shareholders. Vitesco Technologies notes that several shareholders have publicly stated that the offered price of €91 per share is inadequate given Vitesco Technologies’ value and attractive growth prospects as an independent company. It is further the intention of the Vitesco Technologies boards to ensure that the success factors of Vitesco Technologies will be maintained and protected in any potential future corporate structure. Vitesco Technologies is therefore in talks with Schaeffler on the parameters of a potential business combination. 

Canara HSBC Life Insurance Launches New Product – GAIN (Guaranteed Assured INcome)

* A limited premium, non-linked, non-participating, individual, life insurance, savings cum protection plan

Canara HSBC Life Insurance has launched a non-linked and non participating product Guaranteed Assured INcome (GAIN) – a life insurance cum savings plan designed to provide financial stability and security to the customers with the flexibility to tailor their coverage period basis the financial requirements and aspirations.

Guaranteed Assured INcome is a new age solution that empowers individuals to secure their alternate income or long term savings and achieve their dreams. Insurance plan comes with three flexible income options, allowing customers to select a period that aligns best with their financial goals.

Guaranteed Assured INcome is a guaranteed regular income stream, ensuring policyholders maintain a stable financial condition. Customers opting for GAIN enjoy flexibility of choosing an income period between 5 to 39 years, aligning with different life stages and income requirements. The plan further accommodates to various budgets of the customers with flexible premium payment terms.

The flexible Option offers three distinct plans to meet customer requirements. Short Term and Long Term Income Options provide parallel income and a lump sum at maturity. The Early Income Option offers immediate income with a final benefit equal to 100% of total premiums.

The plan provides life insurance for family’s financial stability, an alternate savings source for one’s goals, and guarantees a regular income stream with premium return flexibility. GAIN seamlessly combines life insurance and wealth creation, ensuring a family's financial well-being and a secure investment with benefits.

Commenting on the launch of the product, Mr. Akshay Dhand, Appointed Actuary, Canara HSBC Life Insurance says, “Canara HSBC Life Insurance is proud to launch "Guaranteed Assured INcome - GAIN", the name itself  affirms that a customer while opting for the policy stands assured of the guaranteed returns basis their purchase and desired requirements.  The life insurance plan is thoroughly designed to provide families with unmatched financial stability and security in a longer run. GAIN offers guaranteed regular income stream with the flexibility to get the premiums back at the end of policy term.”

About Canara HSBC Life Insurance: 

Established in 2008, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (51 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (26 per cent). Punjab National Bank is also a shareholder of the Company, holding 23% as an investor. One of the major bancassurance led insurance company with its head office at Gurugram, Harayana and more than 100 branch officer pan India brings together the trust and market knowledge of public and private bank.

For more than 15 years now, the Company sells and services customers though multiple channels and well diversified network of Canara Bank and HSBC located in Tier 1, 2 and 3 cities of the country. The Company has a vast portfolio of life insurance solutions and offers various products across individual and group space comprising of life, health, online term plans, retirement solutions, credit life and employee benefit segments through direct, digital, agency model and direct field force.

With the support of distribution partners, the Company is able to maintain an aggressive growth trajectory since inception. The Company continues to focus and invest in agile and technologically advanced methods of soliciting business, servicing customers and marketing products. With an aim to provide simpler insurance and faster claim process, the Company intends to keep the promises of their customers alive with their “Promises Ka Partner” philosophy.

Fast Facts about the company

MD and CEO – Mr. Anuj Mathur

Shareholders - Canara Bank: 51% and HSBC: 26%, Punjab National Bank: 23%

Products – Online Term Plans, Term Insurance Plans, Savings Plans, Retirement Solutions, Child Insurance Plans and Health Insurance.

Visa Tokenisation Report Forecasts Six Digital Payment Trends In India

Key Highlights:

Underscores the rapid progress India has made, issuing over 560 million tokens in a year

The progress in tokenisation, backed by regulator and payment ecosystem collaboration, signals a secure and connected digital future for India.

Visa’s 300 million tokens is a substantial portion of its over 7.5 billion tokens issued globally[1] and has led to card authorisation rates rising by 4.5%[2] since the introduction of tokenisation

Visa, the global leader in digital payments, unveiled a comprehensive report detailing how tokenisation is driving India's digital economy. The report, "Enabling the Digital Shift: Tokenisation in India’s Economic Landscape", marks one year since the effective date of the RBI’s mandate on tokenization for ecommerce transactions. It underscores the rapid progress India has made, issuing over 560 million tokens within a year[3], including 300 million tokens issued by Visa. This is a substantial portion of its over 7.5 billion tokens issued globally, and leading to card authorisation rates rising by 4.5% since the introduction of tokenisation.

The report provides a comprehensive view of India’s tokenisation journey, considering the perspectives of key stakeholders such as merchants, issuers, and payment processor and identifies six future trends on account of India’s tokenisation success:

Simplified Payments: Tokenisation will make payments much easier including through voice assistants and smart devices that employ augmented and virtual reality.

Revolutionising Commerce: Issuing digital cards will be faster, subscription-based services simpler, and even change the retail experience with grab-and-go stores.

Faster Token Provisioning:  Simplified ways of tokenisation will make the process of moving tokens (digital representation of card information) between the card issuer and destination wallets and website faster and easier

Frictionless Authentication: Tokenisation can be combined with biometric authentication (like fingerprint or facial recognition) to reduce card-related fraud.

Improved B2B Payments: Thanks to tokens, businesses can streamline reconciliation, issue unlimited virtual cards and set transaction spending limits to mitigate risks

Contextual Commerce: By combining tokenisation with social media, users can enjoy a seamless shopping experience right within their favorite platforms.

Shri Vasudevan P, Executive Director, RBI, while commenting on the report, said, “The Visa report provides valuable insights into the transformative role of tokenisation in India's digital payments landscape. As the country pushes towards a digital economy with an increasing volume of transactions, tokenisation has immense potential to further digitise the payment ecosystem. We appreciate the efforts of all ecosystem players, including Visa, in championing tokenisation and highlighting its benefits. With a substantial 560M tokens already in circulation and a fast-paced growth rate, we foresee tokenisation becoming a pivotal force in the evolution of digital payments.”

Sandeep Ghosh, Group Country Manager for India & South Asia at Visa, commented, "The RBI’s visionary policies and supportive regulatory framework have positioned India as a global leader in digital payments. This has catalysed the rapid growth of digital payments and the seamless implementation of innovations like tokenisation. We, at Visa, are proud to have issued over 300M tokens in India and by embracing innovations such as biometric authentication, contactless payments, and integrated commerce solutions, we aim to enhance customer experiences, reduce fraud, and drive the expansion of digital payments."

Insights gathered from an industry survey conducted as part of the report forecast:

Lower data breach risk, fewer frauds, and easier compliance for the industry

Better security, increased trust in digital payments, and improved payment experiences for consumers

Mobile based contactless payments and payments through wearables emerged as top use cases

94% of respondents anticipate reduced data breaches while 88% expect enhanced consumer security going forward

76% predict a rise in contactless payments across devices and merchant categories

As India marches towards a $1 trillion digital economy by 2030[4], the rise in cyberattacks from 0.2 million in 2018 to 1.3 million in 2022[5], necessitates growth, sustainability, and robust consumer protection. The progress in tokenisation, backed by regulator and payment ecosystem collaboration, signals a secure and connected digital future for India.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at 

SIDBI, Finance Department UT of J&K Entered Into Agreement For Availing of SIDBI Cluster Development Fund For MSME Cluster

Small Industries Development Bank of India (SIDBI) signed Agreement for SIDBI Cluster Development Fund (SCDF) with UT of Jammu & Kashmir to accelerate MSME Cluster infrastructure development in UT of Jammu & Kashmir. SIDBI and UT of J&K partnered for supporting modernization/ upgradation or establishment of infrastructure / development of MSME Cluster related infrastructure in the Jammu & Kashmir region. SCDF would facilitate to augment the low cost, longer repayment funds for holistic coverage of cluster development projects falling under three broad categories viz (1) Industrial and Agri-allied sectors in the MSME eco-space, (2) Social Sector projects in and around MSME clusters and (3) Connectivity to MSME Clusters. The Agreement was signed at office Honorable Lieutenant Governor of Jammu & Kashmir in the august presence of Shri Manoj Sinha, LG UT of J&K and Shri S Ramann, CMD SIDBI. While SIDBI shall facilitate availability of SCDF to enhance infrastructure development of both greenfield (induced clusters) and brownfield clusters, Finance Department, Jammu & Kashmir would act as nodal agency to coordinate and submit the proposals to be considered under SCDF.  

On this occasion Shri Sivasubramanian Ramann, Chairman and Managing Director of SIDBI said, “We are poised to be an ever strong and vibrant MSME ecosystem in the country and more so in Jammu and Kashmir. To further strengthen the infrastructure gap, SIDBI join hands with State government and Union Territories and transforming both hard and soft infrastructure shall be mainstay of such collaborations. This structured support will lend impetus to the culture of enterprise development in the Union Territory of Jammu and Kashmir.  

Dr S.S. Acharya, CGM SIDBI while signing the Master Agreement reiterated SIDBI’s commitment for MSMEs and vision to take forward the industrial growth in the country.  We envision that by creating such focused MSME infrastructure development fund, States and Union Territories may improve the ease of doing business and aspire youth to become entrepreneurs and be a job creator than job seeker. 

Shri Santosh D Vaidya, IAS Principal Secretary to Govt., Finance Department expressed happiness at the signing of Agreement with SIDBI and said that “this partnership with SIDBI shall lead to many innovative infrastructure improvement and development in the UT and in overall growth of the entrepreneurship ecosystem in Jammu & Kashmir. It will be an endeavor to build processes and systems with the support of SIDBI to utilize SCDF by key departments supporting MSMEs like Industries and Commerce, Tourism, Power and Skill Development etc.”  

About SIDBI:  

SIDBI is India's principal financial institution in India for promotion, development and financing of Micro, Small, and Medium Enterprises (MSMEs). SIDBI plays a critical role in supporting entrepreneurship, economic growth, and financial inclusion across the nation though various programs like credit guarantee, direct credit, venture capital, digital platforms, government program management, etc. 

For more information, visit:   

Pump Up Your World Cup Finals With The Ultimate Sound Upgrade From GOVO At Just Rs. 12,999/-

* Experience Cricket Cheers Like Never Before with Dolby Audio

GOVO a new challenger in the audio technology space recently introduced its newest addition to its soundbar lineup, the GoSurround 970 Soundbar. This exceptional product is the ultimate ticket to a sensational World Cup finals experience. This new addition is not just a soundbar but a front-row pass to audio nirvana at just Rs. 12,999/-

The soundbar market in India achieved a total size of US$ 153.5 Million. Looking ahead, IMARC Group anticipates substantial growth, with the market projected to reach US$ 284.1 Million by 2028. This expected growth reflects a robust compound annual growth rate (CAGR) of 10.9% during the period from 2023 to 2028. Soundbars are audio systems designed to deliver stereo effects and provide high-quality audio and immersive surround sound while requiring minimal space

Commenting on the launch of the GOVO GoSurround 970 Soundbar, Mr. Varun Poddar, Founder of GOVO said, “We’re excited to introduce the GOVO GoSurround 970 – the perfect sound upgrade for the Cricket World Cup finals. As cricket fans gear up for this epic event, our aim is simple: to enhance the excitement with top-notch audio. With Dolby Audio, every cheer and boundary will resonate with the energy that defines the game. The GOVO GoSurround 970 isn't just a soundbar; it's your way to take the sound experience of the Cricket World Cup finals to a whole new level!"

Here are the salient features of the GOVO GoSurround 970 Soundbar:

Dolby Audio : Enjoy dramatic, high-quality surround sound from 5.1 separate audio channels with Dolby Audio

DSP Enabled Subwoofer: Enjoy your theatre experience with the deep bass of the 6.5" subwoofer

Dynamic LED Lights: Get the acoustic experience to the next level with the most stylish LED lights in the GOVO's signature colour

5 Equalizer Modes: Switch through Movie, News, Music & 3D modes, and enjoy your home cinema experience

Remote control: Adjust the Bass, treble & volume with the most stylish remote control

Multiple Connectivity: Connect with HDMI (ARC), AUX, USB & OPT

Bluetooth V5.3: Connect automatically your mobile device and enjoy the music louder than ever

Integrated Controls: Control your music experience and pairing through the key panel on the soundbar

LED Display: Check the status of your soundbar through the LED display

Dynamic Mounting (Wall/Shelf): Place it in front of the TV or mount it on the wall, the choice is yours.

The GOVO GoSurround 970 Soundbar is available at GOVO and Amazon at an exclusive price of Rs.12,999/- This product comes with a one-year warranty and is available in the colour Platinum Black.

About GOVO:

GOVO is an emerging audio technology company that is making waves in the industry. With a passion for innovation and a commitment to delivering exceptional audio experiences, GOVO is quickly gaining recognition for its cutting-edge products. From wireless Bluetooth speakers to powerful Soundbars, GOVO seamlessly integrates advanced technology with sleek designs to create immersive audio solutions. With a strong emphasis on quality, performance, and customer satisfaction, GOVO is poised to become a leading player in the competitive audio technology market. 

CHARGE+ZONE Unveils 360KW SuperCharging Station, Adds To Its High Speed EV Charging Network

CHARGE+ZONE, India's fastest growing EV charging company, today announced the launch of India's first-ever SuperCharging Network, pioneering comprehensive solutions for high-speed EV charging. This network strategically places superchargers on major highways and within city centers, offering amenities such as washrooms, restaurants, and shopping facilities. Additionally selected stations also incorporate solar panels on canopies for sustainability.

The first supercharging stations are set to become operational in Mumbai and CCD, Vellore in November 2023. These stations are equipped with 180 KW dual gun chargers and 360 KW power cabinets, which include a groundbreaking feature: four guns that can deliver 60 KW each at 200 Amp, and one gun that can deliver 500 A (DC) current with liquid cooling. This is the first time this technology has been introduced in India. CHARGE+ZONE's superchargers are designed to convert alternating current (AC) to direct current (DC), supplying high-power DC voltage and current directly to EV batteries for swift charging.

Speaking on the occasion, Mr. Kartikey Hariyani, Founder and CEO at CHARGE+ZONE, expressed his enthusiasm, stating "The introduction of our SuperCharging Network signifies our unwavering dedication to transforming the landscape of EV charging in India. We are proactively addressing the escalating need for rapid, efficient charging solutions, both along the highways and within the bustling city hubs as a new generation of EV buses and EV trucks are being launched in the country. CHARGE+ZONE's SuperCharging Network is positioned to meet the growing demand for convenient and swift EV charging options, which are crucial for facilitating the widespread adoption of electric vehicles. Whether on long highway journeys or within the bustling city centers, the network aims to provide accessible and high-speed charging, aligning with the evolving needs of Indian EV users. This initiative showcases CHARGE+ZONE's commitment to being a trailblazer in the EV charging sector and contributing to a sustainable and electric vehicle-friendly future.”

Additionally, Mr. Ravindra Mohan, Director (Operations & Technology), CHARGE+ZONE also shared his thoughts on the launch stating, “The EV charging process is seamlessly managed by the vehicle's Battery Management System, incorporating system health checks and automatic cost deductions. These superchargers possess high capacity, with at least one capable of delivering 400/500 A DC current. They serve the needs of long-haul transportation and city-based EVs, providing a comprehensive charging solution with an estimated charging time of 15 to 20 minutes, depending on the vehicle's battery capacity.”

This network is a component of CHARGE+ZONE's larger strategy to establish over 150+ superchargers throughout the country, creating a robust and reliable EV charging infrastructure. The decision to expand the supercharger network in these specific cities was prompted by the high traffic volume on the Chennai-Bengaluru highway, one of South India's busiest routes, and the need for fast and convenient charging options in prime commercial complexes like BKC, Mumbai. These superchargers will provide truck and bus fleet operators the opportunity to transition their mid-mile transportation fleet to EVs, with quick and reliable charging. The dedicated EV tariff line laid by the Tamil Nadu Electricity Board (TNEB) and the separate substation installed by CHARGE+ZONE at CCD Vellore will make charging even more convenient for fleet operators.

As an early leader in the EV industry, CHARGE+ZONE has forged partnerships with various OEMs, eMobility companies, and locational collaborators, including Hyundai, Mahindra & Mahindra, Ashok Leyland, Volvo Eicher, Tata Motors, MG Motors, KIA Motors, Marriott, Hyatt, Fortune, Landmark Group – all prominent players in India's growing EV ecosystem. By March 2023, CHARGE+ZONE had more than 3,200 charging points across over 1,600 EV charging stations operational or under construction in 37 Indian cities. Their network has covered over 10,000 kilometers of highways, with an ambitious goal to reach one million charging points by 2030. Additionally, CHARGE+ZONE plans to integrate solar and wind power generation for their charging stations wherever possible, in accordance with state policies and electricity regulations.


CHARGE+ZONE is a leading tech-driven EV Charging network company specializing in B2B and B2C charging services on both dedicated and opportunity-based charging using smart-grid networks. Based in India, with indigenous development of the technology of mobile-app and CMS with firmware/web-socket cloud-based computing for super-fast EV charging as well as battery swapping. CHARGE+ZONE is on a mission to establish one million charging points across important markets of EVs in India for cars, buses and even trucks. To know more, please visit or email at

Wednesday, November 15, 2023

Global Training Initiative: Empowering Doctors From Africa and Asia In IVF Embryology

In a significant development for reproductive health and infertility treatment in Africa and Asia, twelve doctors from countries including Burundi, Gambia, Kenya, Nepal, Uganda, Tanzania, Botswana and Nepal have completed their specialized training in IVF Embryology at Manipal Academy of Higher Education (MAHE), India. This milestone was achieved through the collaborative effort of the Merck Foundation's 'Merck More Than a mother' campaign and MAHE’s Centre of Excellence in Clinical Embryology.

The Vice Chancellor of MAHE, Lt. Gen. Dr. MD Venkatesh, highlighted that the training program is a beacon of hope for childless women in Africa who face severe social challenges due to infertility. This initiative is expected to bring about a positive change in societal attitudes and provide much-needed medical assistance to infertile couples in Africa.

Since 2017, approximately one hundred African doctors have received training at the Centre of Excellence in Clinical Embryology, making significant strides in improving healthcare in this sector. "MAHE is committed to scaling up the Embryology training program to also include Southeast Asian countries and to strengthen industry participation in our programs," said Dr. Sharath Rao, The Pro Vice Chancellor of MAHE.

The beneficiaries of this program, like Dr. Tomusange Simon, a Gynecologist from Uganda, express immense gratitude for the opportunities provided by Manipal. This training has been instrumental in shaping their careers in IVF and enabling them to make a profound impact in their home countries. The event, which also saw the distribution of certificates to the graduating doctors, Dr. Satish Kumar Adiga, the Coordinator of IVF Embryology training gave overall brief about the program. Dr. Padmaraj Hegde, Dean of KMC Manipal, welcomed the gathering, while Dr. Prathima conducted the master of ceremony and rendered the vote of thanks.

This initiative by MAHE and the Merck Foundation is a significant step towards enhancing reproductive health services in Africa and beyond, empowering doctors with the knowledge and skills to combat infertility and make a lasting impact in their communities.

VST Tillers Tractors Unveils 3 New Tractors At AGRITECHNICA 2023

* The company showcased its Indigenously developed Electric Tractor.

VST Tillers Tractors Ltd, a leading farm equipment manufacturer, displayed 3 brand new tractors, including its indigenously developed electric tractor, at the Agritechnica 2023 at Hanover in Germany. VST has showcased its technological superiority by the display of these innovative machines under the FIELDTRAC brand. The 3 products, 929 EV, 932 DI with Stage V engine and 929 with HST Transmission are displayed at AGRITECHNICA, the 7-day exhibition that commenced on 12th November 2023. VST has also showcased its state-of-the-art Stage V engine (24.5hp)

929 EV is the outcome of thorough research and testing by the company’s R&D team for the past 3 years, VST has been already supplying EV solutions for agricultural machines and drive trains for electric tractors to leading farm equipment manufacturers in the US.

VST promised to keep unveiling new products to bring in the desired change in farm mechanization practices for sustainability and eco-agriculture. The company introduced 6 tractor models under Series 9 as the most advanced compact range in August this year. In October 2023 VST-ZETOR brand came into existence and new feature-loaded higher HP tractors will soon be available in the Indian market, unveiling of these latest technological models under the VST FIELDTRAC brand will further revolutionize the farm mechanization in this segment and establish VST brand on global Platform.

Antony Cherukara, CEO, VST Tillers Tractors Ltd said “Agritechnica is of strategic importance for VST as we are showcasing our technical prowess and our feature-filled products to the world.  As we are rapidly expanding our global footprint, the trade fair offers the perfect stage for us to showcase our products and meet prospective businesses”.

‘VST wants to utilize this opportunity to spread awareness of the brand globally, understand the latest innovations and solutions for smart agriculture, and expand our business network with global companies as Agritechnica is expected to see participation from almost all leading international farm equipment brands from countries across the world. The unveiling of these technologically superior products is significant for us as we are planning to expand our footprint globally and looking to enter the US market soon” Antony Cherukara added.


VST has introduced its fully in-house developed Electric Tractor, VST FIELDTRAC 929 EV at the Agritechnica. The electric tractor is equipped with a 25kWH battery, and its motor delivers a maximum torque of 110 Nm. VST 929 EV is a feature-filled non-polluting tractor that is equipped with dual-acting power steering, superior styling, and great ergonomics and is suitable for multiple applications. The tractor comes with a lift capacity of 1250 kgs.


The third tractor showcased by VST at Agritechnica 2023 is the VST 932 DI Stage V Techno-Compact Tractor. This 3-cylinder Engine in the 32 HP category gives a maximum torque of 109.4n.m and offers best-in-class power and torque in its segment. VST 932 DI Stage V is capable of handling a wide range of applications and can be used with a range of attachments.

FIELDTRAC 929 HST with Loader

Specially designed smaller operations of landscaping keeping in mind flexibility and ease of operation, better control on steering to ensure more comfort. The HST tractor comes with a power-packed 4-cylinder Stage-V 1306 cc Engine that gives 72.2 nm torque.

Agritechnica is the world's leading trade fair for agricultural machinery. All globally operating agricultural machinery companies are represented at the venue in Hanover. Offering the most comprehensive and varied trade fair programme for international arable and crop farming, Agritechnica presents the whole range of agricultural machinery, from crop protection sprayers to drones, from tractors to autonomous equipment systems and from combine harvesters to digital assistance systems.

VST Tillers Tractors Limited

VST Tillers Tractors Limited (VST) is India’s leading farm equipment manufacturer. VST was established in the year 1967 by the VST Group of companies. With a legacy of more than 55 years, VST continues to drive farm mechanization and empowerment of Indian farmers. The organization is the largest Indian manufacturer of Tillers and Pioneer of 4WD Compact Tractors. Amongst the leading producers of the other categories of Tractors, Engines, Transmission, Power Reaper, and Precision Components. VST also exports products to European, Asian, and African markets.

For more details, visit and

Unearth The Enigmatic Treasures Of India's Past With Maniesh Paul In 'History Hunter' - Warner Bros. Discovery' Channel

* The eight-part docuseries premieres on Discovery Channel and discovery+ on November 20, airing on Mondays at 9:00 PM

Indian history continues to fascinate people across the country to this date with its enigmatic tales surrounding heritage landmarks, notable people and historic events. The enchanting stories in the series range from a world-class Indian university that existed 1500 years ago, then suddenly disappeared from the map and human memory; to an unexplained engineering marvel that allowed an 80-tonne rock to be hoisted 200-feet high, without any modern machinery. Warner Bros. Discovery will delve into unearthed mysteries of India’s greatest legends and tales with the premiere of ‘History Hunter’, on November 20 on Discovery Channel and discovery+ .

Hosted by  popular actor & host Maniesh Paul, the eight-part docuseries will unravel remarkable unknown facts from Indian history from across the country. Maniesh will be supported by experts on his quest to find a logical explanation and reasoning behind the questions that present themselves. From discovering how Tipu Sultan and his father Hyder Ali created the world’s first viable militarised rockets that went to be an inspiration for the British  to revealing whether the famous Saraswati river is a myth or reality and how the city of Lakpath went from being a city of millionaires to an abandoned barren land, ‘History Hunter’ will captivate audiences while attempting to solve the mysterious unanswered questions.

Maniesh Paul shared his excitement, saying, "History Hunter has provided me with the opportunity to embark on an exhilarating journey across India, uncovering the hidden intricacies of age-old legends scattered throughout our diverse landscape. Collaborating with Warner Bros. Discovery has been a delightful experience. I eagerly anticipate sharing this thrilling series with the audience and believe it will captivate them, keeping them on the edge of their seats."

The eight-episode series, 'History Hunter,' will shine a spotlight on historical landmarks such as Nalanda University, Golconda Fort, Mahabalipuram, Brihadeeswara Temple in Tamil Nadu, the city of Lakhpat, and the Saraswati River. The show will also explore theories regarding the disappearance of Nana Saheb Peshwa II and whether Tipu Sultan was the first to introduce the world to militarized rockets.

Sai Abishek, Head of Factual and Lifestyle Cluster, Discovery, South Asia shared, “Warner Bros. Discovery continues to remain at the forefront of the factual entertainment genre, offering a diverse range of docuseries that resonate with audiences across the country. Our content slate showcases several Indian originals that take viewers through lesser-known facets of various historic subjects spanning decades and centuries. 'History Hunter,' our upcoming series, aims to unveil numerous mysteries surrounding historical landmarks, captivating viewers as it unravels enduring theories. We are excited to collaborate with Maniesh Paul on this project and are confident it will provide an enriching experience for our audience.”

History Hunter' premieres on November 20th at 9:00 PM on Discovery Channel and will be available for streaming on discovery+. History Hunter is co-powered by MG Motor Hector, Phonepe and Harpic.

8th Turkish Airlines World Golf Cup Played In Mumbai On 10th November 2023

* The Mumbai champion will represent the city in the Turkish Airlines World Golf Cup Grand Finals

Turkish Airlines, flying to more countries than any other airline, arrived in Mumbai at Willingdon Sports Club with the Turkish Airlines World Golf Cup on Friday 10th November. Local high-profile figures and members of the business community attended the event.

Since its inception in 2013, the Turkish Airlines World Golf Cup now brings together over 8,000 players who compete against one another in 88 tournaments worldwide.

The event at Willingdon Sports Club was the last tournament in this year’s Turkish Airlines World Golf Cup – with the victors competing in the Grand Finals in Türkiye later this year. From a global total of 88, those that win will go through to the Grand Finals and have the chance to play at Gloria Serenity Resort on the Turkish Golf Coast.

Representing Mumbai, Sanjay Mariwala secured their champion position with 46 points, and Archanna Tyagi was runner-up, while Nadeem Khan came third.

The Closest to the Pin competition for men was won by Asish Aggarwal and the ladies winner was Archanna Tyagi. The lowest gross score was won by Ketan Desai.

Turkish Airlines General Manager in Mumbai, Fatih Karakoç said: “We warmly thank all of our guests who made the Turkish Airlines World Golf Cup here in Mumbai a huge success. Once again, it was a thrilling tournament in the TAWGC series, congratulations to our winner, Sanjay Mar?wala. We wish him the best of luck in Türkiye.”

All Turkish Airlines World Golf Cup finalists will fly to Türkiye with the comfort and luxury of the Turkish Airlines’ Business Class.

Turkish Airlines’ support makes the past events, such as the Turkish Airlines Open and TAWGC in Antalya, an international premium destination for golfers with outstanding facilities

The Turkish Airlines World Golf Cup 2023 is supported by Gloria Hotels & Resorts and Ruck & Maul.

About Turkish Airlines:

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 393 (passenger and cargo) aircraft flying to 342 worldwide destinations as 289 international and 53 domestics in 129 countries. More information about Turkish Airlines can be found on its official website or its social media accounts on Facebook, Twitter, YouTube, LinkedIn, and?Instagram.

About Star Alliance:

The Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, worldwide recognition and seamless service. Since inception, it has offered the largest and most comprehensive airline network, with a focus on improving customer experience across the Alliance journey.

The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United. Overall, the Star Alliance network currently offers more than 10,000 daily flights to almost 1,200 airports in 184 countries. Further connecting flights are offered by Star Alliance Connecting Partners Juneyao Airlines and THAI Smile Airways.

Students From IIT Delhi And IIM Ahmedabad Win The Accenture Innovation Challenge 2023

* 182,000+ students from 6600+ colleges participated in this contest showcasing their innovative spirit towards solving real-world problems

A three-member team from the Indian Institute of Technology, Delhi, and an all-women four-member team from the Indian Institute of Management, Ahmedabad won the top spots at the 2023 edition of the Accenture Innovation Challenge in the engineering and the business schools’ category, respectively. Aimed at inspiring students to develop innovative technology-led solutions for real world problems, the 3.5 month-long competition saw participation from over 182,000 students from 6600+ colleges, of which 37% were women.

In line with the 2023 Accenture Innovation Challenge theme of ‘Reinvent businesses and accelerate change with the power of technology’, the students leveraged advanced technologies such as artificial intelligence, machine learning, automation, the cloud, blockchain, the internet of things and digital twins to develop and present novel solutions.

Each member  of the Grand Prize-winning teams was awarded prizes worth INR 100,000. The members of the First runner up and second runner up teams received prizes worth INR 75,000 and INR 50,000 each, respectively. Additionally, all eligible participants were given the opportunity to participate in a fast-track recruitment process for Accenture’s Advanced Technology Centers in India (ATCI).

Raghavan Iyer, senior managing director and Innovation lead, Advanced Technology Centers, Accenture said, “Advanced technologies have the potential to not just solve for business challenges but also address critical challenges facing society such as climate change, clean energy, and responsible consumption. They can play a vital role in enabling equitable access to education, skilling, healthcare, and accelerate advances in agriculture, financial inclusion, and governance. Through the annual Accenture Innovation Challenge, our aim is to inspire technology-led creative thinking among young minds to address real world problems with affordable and scalable solutions.”

Given below are the details of the solutions developed by the winners of the challenge:

Engineering schools track and other academic disciplines - for those pursuing graduation:

Grand Prize winner: Team Svar from the Indian Institute of Technology (IIT) Delhi developed an AI and machine learning-based mobile app that automates and personalizes speech therapy for children with speech impairments. Currently available in English and Hindi, the app plans to add more regional languages, and offers a 24×7 virtual speech therapist. It rewards points to children who pronounce words correctly, thereby motivating them to continue their therapy.

First Runner up: Team ToKyO from International Institute of Information Technology, Naya Raipur built BreaTHE, an AI and deep learning-based diagnostic system, meant to empower healthcare workers to diagnose pulmonary disorders by listening to  the audio of patients’ breathing. The affordable solution can diagnose and categorize’ the audio into respiratory conditions like Chronic obstructive pulmonary disease (COPD), pneumonia, bronchiectasis, bronchiolitis, upper respiratory tract infections, and healthy lungs.

Second Runner up: Team Learnhattan from B.M.S College of Engineering, Bengaluru presented a blockchain and web3 platform called 'Learn, earn, thrive', which aims to transform the way people learn coding or software development. While learners typically pay to learn, this solution is intended to help them monetize their learning journey instead by earning blockchain-based tokens for learning engagements. It aspires to promote a collaborative community of learners and course creators where everyone earns.

Jury’s Choice award winner: Team Aquaman from Indian Institute of Technology (IIT) Madras presented  a  technology-assisted aquaponics system, which has the potential to transform agriculture by ensuring scalability, sustainability and profitability. The solution integrates the Internet of Things, cloud computing, and AI.

Business schools track - for those pursuing postgraduation

Grand Prize winner: The all-women TARS team from the Indian Institute of Management (IIM) Ahmedabad put together a virtual stylist app that can curate fresh new looks and outfits from people’s existing wardrobe, promoting thriftiness and responsible consumption. Based on AI, machine learning and digital twin technology, it  promotes a sustainable way of expanding one’s wardrobe through sharing – by mixing and matching outfits from the wardrobes of one’s friends and family. It has the potential to prevent millions of kilograms of clothes from being discarded each year.

First Runner up: Team Sankalp from Indian Institute of Management (IIM) Calcutta used microfluidics to create a Virtual Organ Simulator which can create the digital twin of a patient’s organs to bring in more efficacy in breast cancer treatment. Doctors can  test treatment methods and medicines over the virtual organ in the simulator, and accordingly devise a personalised treatment plan for the patient.

Second Runner up: Team Case Catalyst from Institute of Management Technology (IMT), Ghaziabad presented a solution that leverages computer vision and AI to detect, prevent, and eliminate microplastic pollution. The solution includes an educational ‘Eco-Guard’ app that promotes eco-friendly alternatives.

Jury’s Choice award winner: Team Tech Reinventors from Indian School of Business (ISB), Hyderabad developed a social app called FinChat that enables first-time investors to invest in the stock market by giving them access to recommendations based on their risk profile, personalized news and market data, and related learning resources.

The winners of the Accenture Innovation Challenge 2023 presented their solutions and were mentored by a jury panel that comprised of venture capitalists, start-up founders, members of academia and senior leaders from Accenture. The winning teams were recognized for their innovation potential, proficiency in emerging technologies, creative thinking and ability to present a business case.

Microfinance Sector Added 87 Lakh New Women Clients During 22-23

Microfinance Industry Network (MFIN), industry association for Microfinance and RBI-recognized self-regulatory organization, launched the 3rd Edition of Micro Matters: Macro View – India Microfinance Review FY 2022-23. Dr Alok Misra, CEO & Director of MFIN shared key highlights of Financial Inclusion and Microfinance from the report. This was followed by the unveiling of the report by Mr. Amitabh Kant, G20 India Sherpa in the gracious presence of Mr. Sivasubramanian Ramann, CMD-SIDBI.

The report is the third edition of Micro Matters: Macro View, a report conceived in 2021 to provide a holistic view of the sector to the reader. It is based on MFIN’s in-depth understanding of the sector derived from interactions with policy makers, regulator, industry players, funders, and analysts. This year’s report besides microfinance also covers macro-economic context and broader progress under financial inclusion. The report highlights that despite global headwinds, India could hold its ground and grow by 7% in 22-23. The share of micro under MSME credit by Scheduled commercial banks has risen to 17.9% by March 23, insurance penetration is now 4.2% of GDP and bank account ownership is now ubiquitous with no gender gap. Microfinance sector (NBFC-MFIs, Banks, SFBs and NBFC) added 87 lakh new women clients during 22-23 with credit outstanding reaching 3.48 lakh crore across 729 districts to 6.64 crore low-income women clients. The report also demonstrates the immense growth potential of the sector, and the microfinance potential market size is estimated by MFIN at Rs 13 lakh crore during FY 23-24. The report also documents the work done by MFIN during 22-23 to strengthen the sector, future initiatives, and also list key areas of work/concerns for the sector.

Delivering his keynote address, Shri Amitabh Kant, G20 India Sherpa said, “In last few years, India has laid the building blocks of growth in the form of infrastructure -both physical and digital. Now India needs to grow at around 10% for three decades to become a developed country.  The building blocks will have multiplier effect only if the credit demand is met as credit will be the driver of India’s next phase of growth. MFIs are presently the most important institutions in the country as they have the ability to penetrate into rural areas, lend to last mile clients and contribute to Inclusive growth. Honourable Prime Minister’s vision is also centred on universality and women led development. Microfinance caters to both Equitable growth and Universality. I congratulate MFIN and its Members on the excellent work being done and wish them luck.”

Sivasubramanian Ramann, Chairman and Managing Director – SIDBI in his special address said, “SIDBI has been a partner in the great journey of microfinance institutions and the sector has grown together and delivered. It is heartening to note that microfinance institutions have recovered post COVID and are showing strong performance. SIDBI has taken key steps to boost credit to micro entrepreneurs need for formalisation by having Udyam Assist Portal and around 1 crore enterprises are already part of it. MFIs with their client base of nearly 7 crores need to onboard them on to the portal. Further, the co-lending scheme of SIDBI combines the power of origination of microfinance with financial resources of SIDBI and MFIs must make use of it. The need of the hour is to address the persisting high share of informal finance and SIDBI is fully behind microfinance initiatives furthering last mile inclusion. We also need to think beyond technology in last mile outreach, where personal connect of MFIs is critical."

The panel discussion on “Leaving No one behind - Balancing Economic Growth with Equitable Distribution had Ittira Davis, MD & CEO, Ujjivan SFB, Dr. Samiran Chakraborty, MD & Chief Economist, Citigroup, Manish Kothari, President & Head, Commercial Banking, Kotak Bank  and Devesh Sachdev, Founder, MD & CEO, Fusion Microfinance as panellists and Dr. Vinay Singh, SRO Head, MFIN as the moderator. The discussion focussed on policy and operational imperatives for ensuring that we reverse K shaped growth and build an inclusive growth model with higher incomes.  

Vistara Inaugurates Non-Stop, 6x Weekly Flights Between Mumbai And Frankfurt

Vistara, India’s finest full-service carrier and a joint venture of the Tata group and Singapore Airlines, today, inaugurated non-stop, 6x weekly flights between Mumbai and Frankfurt. The inaugural flight, operated on Vistara’s Boeing 787-9 Dreamliner, commenced from Chhatrapati Shivaji Maharaj International Airport, Mumbai at 13:00 Hours (IST) on 15 November 2023 and will arrive at Frankfurt International Airport at 17:30 Hours (GMT). Vistara has already been flying 6x weekly between Frankfurt and Delhi.

Mr. Vinod Kannan, Chief Executive Officer, Vistara, said, “Sensing a need for an Indian airline offering world-class experience and connecting to long-haul destinations in Europe from Mumbai; we started 5x direct flights to London Heathrow. We are now delighted to start 6x weekly service to Frankfurt as our second European destination from India’s financial capital. We are confident that our customers will appreciate and prefer flying with India’s finest airline when planning to travel on this route.”

Vistara accepts all eligible customers meeting visa/entry requirements in both countries, as specified by the respective government bodies. Vistara strongly encourages its customers to fully understand these guidelines before making their bookings.

Vistara is India’s highest-rated airline on Skytrax and TripAdvisor, and it has been the winner of several ‘Best Airline’ awards, besides being lauded for world-class cabin cleanliness and upholding high safety standards. The only Indian carrier to feature amongst World’s Top 20 Airlines, Vistara has been named ‘16th Best Airline’ globally while also being recognised as the ‘Best Airline in India and South Asia’ for the third time in a row, ‘Best Airline Staff in India and South Asia’ for the fifth consecutive year, ‘Best Cabin Crew in India and South Asia’ for the third time in a row and ‘Best Business Class Airline in India and South Asia’ for the second time in a row at the coveted World Airline Awards 2023 by Skytrax. Vistara also received the ch-aviation Asia’s Third Youngest Airline Fleet award for the second consecutive year. 

About Vistara (TATA SIA Airlines Limited): TATA SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines Limited (SIA). Vistara brings together Tata’s and SIA’s legendary hospitality and renowned service excellence to offer the finest full-service flying experience in India. Vistara commenced its commercial operations on January 9, 2015, with an aim to set new standards in the aviation industry in India and it today connects destinations across India and abroad. The airline currently, has a fleet of 63 aircraft, including 48 Airbus A320neo, 10 Airbus A321 and 5 Boeing 787-9 Dreamliner and has flown more than 50 million customers since starting operations.

For more information about Vistara, visit

Coca-Cola Ignites Diwali Celebrations With Unique Personalized AI – Generated Wish Cards

* Bid adieu to mundane greetings and forwarded messages, and embrace your creativity with the power of AI

This Diwali, Coca-Cola proudly introduces a pioneering fusion of art and technology; bringing an exciting development to help consumers send customised wishes to their near and dear ones. Harnessing the incredible capabilities of Open AI’s DALL-E and GPT-4 models, this festive season wish love and light to friends and family with magical Diwali greetings on

Coca-Cola has always been a part of consumers’ cherished celebrations and this year they're bringing an innovative way to create personalised Diwali wishes. Imagine a wish card that's as quintessential and vibrant as this festival of light, one that blends tradition with innovation and leaves behind the conventional messages. From wish cards adorned with colourful diyas to quirky auto-rickshaws - a classic symbol of Indian markets, from Coca-Cola's iconic cans and bottles, to colourful rangolis, consumers can create a masterpiece that encapsulates the heart of India's Diwali. The campaign is active across India, Bangladesh, Nepal, Sri Lanka and Bhutan.

Global Head of Generative AI at Coca-Cola, Pratik Thakar, said, “We, at Coca-Cola are connecting the dots between culture, creativity and technology. Create Real Magic platform invites consumers to use AI for crafting original artwork using iconic creative elements from the Coca-Cola archives. In India, #MagicWaaliDiwali wish cards are a perfect way for us to celebrate people and culture using AI. We are humble but iconic, real yet magical and our latest Diwali campaign is a testament of the same.”

Commenting on the campaign, Sumeli Chatterjee, Head - Integrated Marketing & Experiences, Coca-Cola India & South West Asia said “The ‘Create Real Magic’ platform beautifully weaves in technology, intelligence, art, culture, and the Coca-Cola brand philosophy. Contextualized to Diwali, the platform is a creative playground for fans to create and express their emotions during the festivities. With this, one can send a unique & personalized wish to each of their friends. OpenAI’s DALL-E and GPT-4 have made the experience simple, interactive, intuitive, and truly magical for our fans.”

Brad Lightcap, COO, OpenAI, said, “It’s remarkable to see the innovative spirit of Coca-Cola come alive through the use of DALL·E and GPT-4. The Create Real Magic platform not only resonates with the joy of the Diwali season, but also showcases a delightful fusion of technology and creativity. It’s heartwarming to see how our AI models have played a role in adding to the festivities, making the campaign truly memorable.

This year, don’t forward the same messages and season’s greetings and create a one-of-a-kind Diwali wish card, powered by AI. Embrace tradition and celebrate #MagicWaaliDiwali by being unapologetically YOU. The best creations will be proudly displayed on prominent digital billboards in Mumbai and Delhi NCR, with due credits.

About The Coca-Cola Company

Coca-Cola in India is one of the country’s leading beverage companies, offering a range of high-quality and refreshing beverage options to consumers. The company in line with its vision of ‘Beverages For Life’ offers a wide portfolio of products which includes hydration, sports, sparkling, coffee, tea, nutrition, juice and dairy based products. In India its beverage range includes Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Thums Up, Charged by Thums Up, Fanta, Limca, Sprite, Maaza, Minute Maid range of juices. The Company also offers hydration beverages including Limca Sportz, Smartwater, Kinley, Dasani and Bonaqua packaged drinking water and Kinley Club Soda. Premium products constitute Schweppes and Smartwater. In addition, it offers Costa Coffee range of tea and coffee. The Company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market.

The Company along with its owned bottling operations and franchise bottling partners has a strong network of close to 4 million retail outlets through which it refreshes millions of consumers across the country. It seeks to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable agriculture initiatives and carbon emission reductions across its value chain.

Globally together with its bottling partners, The Coca-Cola Company employs more than 700,000 people, helping to bring economic opportunity to local communities worldwide. Learn more at and follow us on Twitter, Instagram, Facebook and LinkedIn.

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