Tata Motors Passenger Vehicles Business Joins Hands with HDFC Bank to Provide Exclusive Festive financing Offers

 

Key Highlights:

* EMI per lakh per month starting as low as Rs. 799/- at attractive rate of interest

* Flexible EMI options available

* Enjoy up to 100% ex-showroom funding on the entire PV range

* Loan tenure of up to 5-years

* Schemes available on all passenger vehicles

Tata Motors, India’s leading automotive brand, in collaboration with HDFC Bank has rolled out exciting finance offers for its passenger vehicle customers. In a bid to make their products more accessible while contributing to the enthusiasm of this year’s festive season, the Company has introduced 2 new schemes in association with the Bank - the ‘Gradual Step Up Scheme’ and the ‘TML Flexi Drive’ scheme. Available till the end of November 2020, these offers can be redeemed on the entire New Forever BS VI range of cars and SUVs along with the company’s EV range.

Details of the schemes:

Scheme 1 - Gradual Step Up Scheme

Under this scheme, customers can now avail EMI options as low as INR 799/- per lakh per month, depending on the product and variant at an attractive interest rate. As per the scheme, the EMI payments gradually increase over a period of 2 years depending on the payment convenience of the buyer. This scheme will help customers fast track their buying process, in turn making personal mobility available to all at pocket friendly rates.

Scheme 2 – TML Flexi Drive

According to the Flexi Drive scheme, the option to the consumer is to choose any 3 months every year, where he/she can pay minimum EMI (INR 789/- per lakh per month, depending on the product and variant) as per his/her convenience. The above scheme will help the customer map their EMI payment properly so that they can tide over the high outflow months easily, giving the customer the flexibility and power to choose.

Commenting on the roll out of these finance scheme offers, Mr. Vivek Srivatsa, Head - Marketing, Passenger Vehicle Business Unit, Tata Motors said, “We are humbled to be partnering with HDFC Bank to roll out exciting offers for our customers. This is in alignment with our constant endeavour to make safe personal mobility solutions more affordable and accessible to individuals and families, while contributing to the joy of this year’s festive season. We hope, that these offers will boost customer morale and make the process of purchasing a car more convenient, thereby allowing them to truly celebrate the festivities with their friends and families.”

Commenting on the joint offers campaign, Mr. Arvind Kapil – Country Head, Retail Lending, HDFC Bank said, "At HDFC Bank, the objective is to offer the very best in class products and services to our customers. We are extremely excited to be partnering with Tata Motors, this festive season, which is just around the corner and stay committed to bringing in attractive and never before finance offers via our Festive treats platform. We believe this partnership offers affordable and viable financing solutions, in that, creating a valuable proposition for our customers, thereby facilitating the ownership of their dream car”

Adding to the above, the Company is also providing up to 100% ex-showroom financing on the entire PV product range under both schemes. Furthermore, to avail these offers, customers can reach out to their nearest Tata Motors dealer or through an HDFC Bank branch and register their interest in buying a Tata car.

To know more about offers and car buying options, call your nearest dealership or visit https://cars.tatamotors.com/.  Customers can also enquire, request a test drive, make bookings and select their preferred financing option via the recently launched ‘Click to Drive’, an end-to-end online platform from the comfort and safety of their homes.

*T&C apply

upGrad and BookMyShow Partner to Build a Cohesive LifeLong Learning Ecosystem for India’s Workforce

After catering to the educational and entertainment needs of millions of Indians over the years, upGrad, India's largest online higher education company and BookMyShow, the leading entertainment platform in the country today announced a strategic partnership, enabling users to opt for their preferred upskilling, career advancement courses and choice of entertainment - all at a single destination.

Bringing two of fastest-growing sectors of entertainment and education together, this unique collaboration aims to build and offer quality education, career-oriented and upskilling formats to millennials and young working professionals across metros along with tier 2 cities and beyond, where BookMyShow has a strong consumer connect across its plethora of entertainment offerings. Online programs offered by the edtech major will now be available on the BookMyShow platform.

Talking about the partnership, Arjun Mohan, CEO – India, upGrad said, “With this one-of-a-kind arrangement with BookMyShow, we will now be enabling millions of interested individuals with quality higher education options at the ease of their fingertips. We operate in times when optimism for online education is growing at a rapid speed, and such an alliance will only accelerate it further.”

Highlighting the importance of the category and its uptake, Albert Almeida, COO – Live Entertainment, BookMyShow said, “With millions locked indoors through this pandemic, adoption of virtual upskilling workshops and masterclasses have seen a huge surge on BookMyShow. This specific category that enables individuals hone their professional skills and helps them with career advancement has risen to become one of the top 3 paid categories on the platform. With geographical constraints and physical learning making way for virtual education, our partnership with upGrad will enable millions of BookMyShow users get access to quality learning and skilling.”

upGrad is the higher edtech leader with a plethora of online programs in partnership with top-notch national and international universities across Management, Data, Tech, and Law. The programs are well structured suiting the industry requirements and demands and is available for professional with a brief to extensive work experience and to the first-time job seekers. With a world-class learning platform available at their disposal, learners can easily shortlist programs based on their competencies and career prospects that shall help them achieve meaningful career outcomes.

Over the last 5 months, virtual workshops and masterclasses on educative, upskilling content have been hugely successful on BookMyShow with the formats gaining ground to become among the top 3 paid categories on the platform. This has enabled a large adoption of upskilling and educative workshops across a wide audience demographic of millions of users on BookMyShow.

Atlassian Launches $50M Venture Fund to Propel the Cloud-Based Startup Ecosystem

Atlassian Corporation Plc (NASDAQ:TEAM), a leading provider of team collaboration and productivity software and the maker of Jira, Confluence, Bitbucket and Trello products, has announced the launch of Atlassian Ventures, a new US$50 million fund that will invest into the up-and-coming startups, including established companies that are building products in the overall Atlassian ecosystem. The company which set up its world-class R&D centre in Bangalore last year and with plans to expand it further, is keen to interest India’s vibrant startup ecosystem and rich technical talent pool.        

Atlassian Ventures, with the objective of supporting cloud-based products and services will invest in three types of companies. Firstly, the early-stage startups, who are building apps for any of Atlassian’s cloud products, whether it be - Jira, Confluence, Bitbucket or Trello.  Secondly, the larger, more established ecosystem product partners scaling their businesses. These investments will be made in partnership with institutional investors and will generally target series A onwards. And finally, the existing sales channel partners looking to step up their cloud services and create new products that support the future of teamwork. 

On the company being extremely bullish about the India market, Dinesh Ajmera, Site Lead and Head of Engineering, Bengaluru, Atlassian said, “Atlassian Ventures is a global program with the objective of supporting cloud-based products and services and unleashing the potential of teams all over the world. With India’s cloud market among the largest in the Asia Pacific region, we believe this fund will be an ideal opportunity for up-and-coming startups in India to access funding when building apps for our cloud products. India is a significant market for Atlassian, one that’s teeming with an extraordinary developer community and a vibrant startup ecosystem that we plan to tap into.” 

“We have kept the applications open to our existing Marketplace Partners and developers, as well as new-to-Atlassian app developers who are looking for the first funding for their start-ups. As part of this program, companies that receive funding are also eligible for mentorship as well as global exposure at Atlassian events,” he further added. 

As more and more customers transition to Atlassian’s cloud products, the company is committed to supporting their journey by fostering a robust ecosystem of cloud-based apps that enhance their experience and satisfy all use cases. Atlassian has 4,200+ apps already available in its Marketplace and offers integrations with popular tools like Slack, Zendesk, and GitHub.  

To further consolidate its offerings and capabilities, the company has recently acquired a slew of companies in the ecosystem, which include Code Barrel (the company behind Automation for Jira), Mindville and Halp – the creator of Slack. 

Atlassian serves more than 174,000 customers worldwide and has been named a “Best Place to Work” by Great Place to Work Institute in every market where they have a staff presence.

About Atlassian 

Atlassian unleashes the potential of every team. Our team collaboration and productivity software helps teams organize, discuss, and complete shared work. Teams at more than 174,000 customers, across large and small organizations - including General Motors, Walmart Labs, Bank of America Merrill Lynch, Lyft, Verizon, Spotify and NASA - use Atlassian’s project tracking, content creation and sharing, and service management products to work better together and deliver quality results on time. Learn more about our products, including Jira Software, Confluence, Trello, Bitbucket, Opsgenie, Jira Service Desk, and Jira Align at https://atlassian.com/. 

Kuchipudi Parampara Foundation - Presents its Seventh Edition Natya Parampara Utsav 2020

Kuchipudi Parampara Foundation,Bengaluru Presents its Seventh edition Natya Parampara Utsav 2020 on Saturday Oct 31, 2020,  6.30PM live streamed online on Kuchipudi Parampara Foundation Youtube channel, Facebook page and Instagram.

Programmes will include Recognition & Honouring of the works of senior Kuchipudi Guru of Kuchipudi village Pasumarthi Keshavprasad, Bharatanatyam danseuse Mamatha Karanth Bangalore, Kuchipudi Solos presentation by Raktim chanda disciple of Guru Deepa Narayanan Sashindran, Padmaragini Puttu from Moscow Russia, Geetha Padmakumar from Kerala, Anna Mashak from St Petersburg Russia, Mohiniattam by Gopika Nath from Kerala and concludes with an talk by Guest Guru Sailaja, Kuchipudi Exponent from Chennai.

The event is curated by Deepa Narayanan Sashindran, Kuchipudi Exponent and Life Trustee Kuchipudi Parampara Foundation, Bangalore.

Kuchipudi Parampara Foundation, Bengaluru a Non Profit Trust founded by Kuchipudi Exponent and Managing Trustee Deepa Narayanan is presently offering systematic Kuchipudi dance training and choreography in Bengaluru to bring forth artists of high calibre.

For more information’s contact kpf.bangalore@gmail.com/ 9845315272.

www.kuchipudiparamparafoundation.com

Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure today announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.   

With a plan to deliver several subsea tie-back projects over the next 10 years, Shell Deepwater Projects has recognized a significant opportunity to accelerate capital project delivery and cut project delivery time by implementing an integrated digital project & engineering environment.  The solution spans project conception in the early phase design through to handover.   

“Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. “The platform is being developed in partnership with Bentley leveraging Bentley’s iTwin open, scalable Azure cloud-based platform which provides interoperability across owner and supply chain systems. We believe that an end-to-end platform that gives us visibility and transparency to Project and Engineering data across our portfolio will be a key driver to delivering competitive projects.” 

Commenting on the project, Nicholas Cumins, Chief Product Officer – Bentley Systems, said “Think Big – Prove Small – Scale Fast – sums up the overall approach Shell and Bentley share in this initiative.  Bentley’s iTwin platform is ideally suited to providing aligned, secure and visual access to project data across the supply chain and capital projects ecosystem.  Shell’s selection of Bentley’s iTwin platform validates our open approach to digital twins and underscores the ability of the platform to scale to the largest, most complex capital projects and dynamic engineering use cases.” 

Bentley Acceleration Fund Investment 

In addition, Bentley announced that it is providing investment funds to FutureOn, a Norwegian software company supporting deepwater subsea projects, to accelerate going digital within the oil and gas industry. The investment sets the stage for FutureOn and Bentley to deliver the next-generation digital twin technology required for oil and gas ecosystems to manage and analyze data, integrate with existing systems, provide analytics visibility, and rapidly explore ideas collaboratively.   

FutureOn builds on more than 20 years of visual engineering experience specifically in the oil and gas subsea domain. The company will combine its award-winning field design application (FieldAP) and its API-centric collaboration platform (FieldTwin) with Bentley’s digital twin platform (iTwin) to advance user organizations like Shell Deepwater.  Both FutureOn and Bentley platforms use open web standards to facilitate complex integration and customization, and the combined offerings are already being implemented in exploration and production workflows for the creation and curation of subsea digital twins.  

“The Bentley Acceleration Fund investment is a significant milestone for FutureOn and will help drive the growth of our business by advancing the FutureOn technology as well as extending our reach,” said FutureOn CEO Paal Roppen. “Today, digitalization is more important than ever for the oil and gas industry as challenging market conditions persist. Innovative and disruptive digital twin technologies such as those we develop alongside Bentley will help farsighted organizations like Shell Deepwater to improve project and asset performance.”   

Equitas Small Finance Bank Limited IPO to Open on October 20, 2020

* Price band fixed at Rs 32 to Rs 33 per equity share

* Offer to remain open from October 20th to October 22nd 2020

Equitas Small Finance Bank Limited (the “Company’), the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. (Source: CRISIL Report), will open the initial public offer of equity shares of face value of Rs. 10 each (“Equity Shares” and such initial public offer, the “Offer”) on 20th October 2020. The Offer will close on 22nd October 2020. The price band of the Offer has been fixed at Rs 32 to Rs 33 per Equity Share.

The Initial Public offering consists of a fresh issue aggregating up to Rs. 2,800 million (the “Fresh Issue”) and an offer for sale of up to 72,000,000 Equity Shares by Equitas Holdings Limited (the “Promoter Selling Shareholder”, and such Equity Shares the “Offered Shares”). The Offer includes a reservation aggregating up to Rs. 510 million, for subscription by Eligible EHL Shareholders (“EHL Shareholder Reservation Portion”) and a reservation aggregating up to Rs. 10 million, for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less the EHL Shareholder Reservation Portion and the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. 

Bids can be made for a minimum of 450 Equity Shares and in multiples of 450 Equity Shares thereafter.

The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited and the National Stock Exchange of India Limited (“NSE”) post the listing. For the purpose of the Offer, NSE is the designated stock exchange. JM Financial Limited, Edelweiss Financial Services Limited and IIFL Securities Limited are the book running lead managers to the Offer (“BRLMs”).  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 (“SCRR”) 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 Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”) provided that our Bank and the Promoter Selling Shareholder 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 undersubscription 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 shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders 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 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 Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being 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 RIBs and Eligible EHL Shareholders Bidding in the EHL Shareholder Reservation Portion) if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

Aakash Student Chirag G from Bengaluru Secures AIR 113 in NEET 2020 Examination

Chirag G, a student of Aakash Institute, has made Bengaluru and the Institute proud by securing All India Rank (AIR) 113 in the prestigious NEET 2020 by scoring 697 out of 720 marks. NEET is one of the major exams for admission to noted medical colleges in the country, results for which were announced by the National Testing Agency (NTA) today.   

Including Chirag, there are as many as nine other students who have secured positions in the Top 1000 AIR from Karnataka. The top scorers from the state are Yashas MS from Mysuru (AIR 148), Srija Chattopadhyay from Bengaluru (AIR 154), Veeresha R Sabarad from Bengaluru (AIR 157), Jathin ALD from Bengaluru (AIR 412), Yadhunandan D from Mysuru (AIR 537), Leroy D’Souza from Mangaluru (AIR 588), Sreya Jha from Bengaluru (AIR 712), Prajjwal Kashyap from Bengaluru (AIR 900) and Purva Reddy from Bengaluru (AIR 934). 

Congratulating the students, Mr Aakash Chaudhry,Director and CEO of Aakash Educational Services Limited (AESL) said, “It is a matter of great pride for us that our 10 students from Karnataka centres including 7 from Bangalore centres have excelled in the highly competitive NEET 2020 entrance exam. The credit goes to the hard work of our students, the support of their parents and instructors who have guided them throughout their journey. Our quality test preparation is renowned in the industry for preparing students to excel in medical and engineering entrance exams. I wish all of them all the best for their future endeavours.” 

The students credited the outstanding performance to burning the midnight oil and the excellent coaching provided by instructors of Aakash for the NEET examination, which is considered among the toughest in the world. The NEET Exam is applicable for admission to all the medical colleges in India and few colleges in abroad. 

The Top 3 Rank holders of NEET 2020 are students of Aakash, from its classroom and distance learning programs. This is an impressive feat considering that 15.97 lakh students have registered for the test this year.  

About Aakash Educational Services Limited (AESL) 

Aakash Educational Services Limited (AESL) provides comprehensive test preparatory services for students preparing for Medical and Engineering Entrance Examinations, School/Board Exams and Competitive Exams such as NTSE, KVPY, and Olympiads. AESL believes that the “Aakash” brand is associated with quality coaching and a proven student selection track record in various Medical and Engineering Entrance Examinations, Scholarship exams & Olympiads. 

With over 32 years of operational experience in the test preparatory industry, the company has a large number of selections in Medical & Engineering Entrance Exams and several Foundation level Scholarship exams/Olympiads, a pan India network of 200+ Aakash Centers (including franchisee), and a student count of more than 250,000. 

The Aakash group also owns famous K-12 EdTech brand, Meritnation.com as well.