HDFC ERGO Launches ‘Pay As You Drive – Kilometre Benefit’ Add-On Cover Empowering Customers

* Claim up to 25% of own damage premium based upon the number of kilometers driven during the year

* At the time of purchase, no commitment pressure of maximum kilometers one intends to drive during the year

* During the year, policy cover continues with no extra charge for driving extra kilometers and no hassle of updating kilometers

* Benefit opted will be applied at the end of the policy year on submission of distance traveled, even if you decide not to renew the policy with us

* At the end of the policy period, the customer is eligible to take a refund at the applicable rate based on the distance covered and will get an additional 5% discount if the policy is renewed with HDFC ERGO with no claims history 

HDFC ERGO General Insurance Company, a leading private sector general insurance company, has launched the ‘Pay As You Drive – Kilometre Benefit’ add-on cover for all its private car owners. Anyone driving less than 10,000 km in a year can benefit up to 25% of their own damage premium, subject to the odometer reading.

Speaking about the launch of the ‘Pay As You Drive – Kilometre Benefit’, Mr. Parthanil Ghosh, President – Retail Business, HDFC ERGO General Insurance Company said, “The disruption of technology in the insurance sector has acted as a stimulus for the insurance players who want to keep pace with the evolving needs of customers. The innovative solution we have launched today will not only do away with ‘one-size-fits-all car insurance premium’ but will also empower customers to customize their own damage policy with better control over the premium, keeping intact the simplicity of the traditional motor insurance policy. The company has meticulously designed the customer onboarding journey to avoid any commitment pressure of maximum kilometers and stress of disclosure. During the policy period, we want our customers to enjoy their drive rather than tracking their usage and get bothered with some time intruding top-up reminders. Even if customers drive beyond a certain limit, they will not be penalized for it and they will stay covered under their private car insurance policy. In addition, at the expiry of the policy period, the customer subject to providing distance traveled, has the flexibility to claim the benefit irrespective of their decision to renew or not to renew their policy with us. In case the customer renews the policy with us, the company will provide an additional 5% discount, for all claim-free policies.”

In the aftermath of the pandemic, many people do not drive frequently, however, they still have to pay the same premium as a person with high vehicle usage. The ‘Pay As You Drive – Kilometre Benefit’ feature will help those insured customers who prefer not to drive as much or own multiple cars, some of which are used less frequently than others.

About HDFC ERGO:

HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG; the primary insurance entity of the Munich RE Group of Germany. HDFC ERGO is one of India’s largest non-life insurance companies in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer consumers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), Robotics, and IBM Watson. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~93% of retail policies issued digitally. The self-help tech platform developed by HDFC ERGO has empowered the customers to avail 58% of the services virtually in a self-help mode on a 24x7 basis with ~40% of the customer requesting services digitally.

The Company offers a complete range of General Insurance products including Health, Motor, Two-wheeler, Home, Travel, Cyber, Agriculture, Credit, and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health, and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes, or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Meru Launches FREEDOM DRIVE And Salutes The War Veterans Pn Independence Day

 

~ Commits to contribute 10% of its 15th August Ride revenue to Veterans India under #FREEDOM DRIVE ~

Meru, a pioneering airport brand in Indian mobility space, announced that it will be contributing 10% of its ride revenue generated on August 15th to Veterans India, a non-governmental organization (NGO) that works with the veterans and their families.  This will be done under the latest campaign titled ‘#FEEDOM DRIVE’ which salutes war veterans on the occasion of this Independence Day. 

Mr. Kannan Chakravarthy, CEO, MERU says “The war veterans have been contributing to building stronger India for the last so many decades. On the occasion of India’s 75th Independence Day, Meru would like to appreciate the invaluable contributions of the war veterans and their families. As a small contribution, I would like to announce that we will be donating 10% of ride revenue to Veterans India which supports Veterans families and disabled veterans. We are extremely proud to be associated with these warriors who had devoted their entire lives to serving the nation. We request our customers to contribute to this cause”

Speaking on the association, Colonel HV Sharma (Retd) National Vice President of Veterans India said, “The fund generated by this drive would enable Veterans India to carry on with its patriotic activities. With help of organisations like Mahindra Logistics Veterans India strives to continue its activities for spreading and inculcating nationalism and patriotism across the country, especially the youth of the country”, he adds. 

Commenting on the association, Mr Anand Mahindra, Chairman, Mahindra Group, Tweeted “A small step can go a long way. Well done @MeruCabs, for leading a cause for our army veterans, who guard our freedom, and their families for whom duty for the nation is above everything. We’re proud you are a @MahindraRise company.”

About Veterans India Foundation

Veterans India utilises the experience of its Veteran Members into nation building. The organisation in last seven has helped large number of ex-servicemen, Veer Naris (defence widows) and specially abled soldiers with the help of its state, district and block units. Especially in natural calamities and during corona pandemic the organisation distributed food and clothes to needy people.

About MERU

Meru, a pioneering brand in the shared mobility space in India, is now a part of Mahindra Logistics Limited (MLL). MLL is a leading logistics and mobility solutions provider with over a decade of experience in offering integrated, customized, scalable, innovative and technology-enabled solutions to its customers across diverse industries. Leveraging on the strong foundation provided by MLL's capabilities and resources, Meru now aims to take its service offerings to newer heights, delivering on its promise of customer excellence, safety and sustainability.

For more information, visit www.meru.in

Yellow.ai Announces The Launch Of Its Proprietary DynamicNLP - A First In The Enterprise Conversational AI Space

* Powered by zero-shot learning, Yellow.ai’s DynamicNLP™ enables zero training of NLP 

* models, go-live within minutes; while delivering over 97% intent accuracy

Yellow.ai, a leading enterprise-grade Conversational AI platform trusted by 1000+ enterprises globally, today announced the launch of its proprietary DynamicNLP™, a first in the enterprise Conversational AI space to enable enterprises to go-live within minutes with lower operational costs and an intent accuracy of over 97%.

According to the future of conversational AI from Deloitte, training AI agents with manual methods can take as long as six to nine months, making it one of the most common setup challenges faced by enterprises. Yellow.ai DynamicNLP™ eliminates the tedious process of training and labeling Natural Language Processing (NLP) models manually. This enables Dynamic AI agents to learn on the fly, helping enterprises to set up Conversational AI flows within minutes, and reduce training data-related costs and efforts. Yellow.ai DynamicNLP™ comes with a pre-trained model built using billions of anonymized conversations, which helps in the reduction of unidentified utterances by up to 60%, making the AI agents more human-like and scalable across industries with wider use-cases.

Commenting on the launch, Raghu Ravinutala, co-founder and CEO, Yellow.ai said, “Yellow.ai DynamicNLP™ is a first of its kind proprietary technology in the global enterprise Conversational AI industry; a breakthrough innovation that can help enterprises save time, effort, and operational cost while accelerating their go-live strategy. It enables our pre-trained Dynamic AI agents to deliver superlative moments of truth across the entirety of customers' and employees' life cycles. As global tech innovators, we see our DynamicNLP™ as a significant step forward in realizing the true potential of NLP as a game-changing technology.”

Eric Hansen, CIO, Waste Connections, said “Yellow.ai has helped us accelerate our AI automation journey for some of the most important use cases, and with the launch of DynamicNLP™ which enables zero training for NLP models, would elevate customer and employee experiences from day one. We firmly believe that Yellow.ai DynamicNLP™ will open new avenues to scale up additional use cases of customer support and agent productivity.”

With DynamicNLP™, Yellow.ai’s platform is capable of improving the accuracy of seen and unseen intents in utterances right from day one. The elimination of manual labeling also helps remove the errors propagated, leading to a stronger, more robust NLP with better intent coverage for all types of conversations. With the agility offered by Yellow.ai DynamicNLP™, enterprises can successfully maximize efficiency and effectiveness across a wider gamut of use cases, including Customer Support, Customer Engagement, Conversational Commerce, HR and ITSM Automation.  

About Yellow.ai 

Yellow.ai is a leading enterprise-grade Conversational AI Platform, enabling enterprises to unlock business potential at scale. The platform is trusted across 85+ countries by 1000+ enterprises, including Domino’s, Sephora, Hyundai, MG Motors, Biogen International, Edelweiss Broking, Siemens Limited, Food Panda, Carrefour, Kuwait Food Company (Americana), Choithrams, Amouage Oman, Arabian Radio Network,  Bharat Petroleum, Waste Connections US and Tata. Powered by Dynamic AI agents for enterprises, the company aims to deliver human-like interactions that boost customer satisfaction and increase employee engagement at scale, through its no-code platform. Recognized by Frost & Sullivan, Gartner, Forrester, IDC, and G2 as a leader, the company has raised more than $102M from blue-chip investors and has offices across six countries.

Majority Of Ivanti’s India 2022 Internship Program Cohorts Are Now Ivanti Employees

* 90% of 39 Indian interns transition to full-time employees at Ivanti in July and join development centres in Bangalore and Hyderabad

Ivanti, the provider of the Ivanti Neurons automation platform that discovers, manages, secures, and services IT assets from cloud to edge, today announced that 35 (90%) of its recent 39 Interns in India have transitioned to fulltime employees at Ivanti. They joined the Bangalore and Hyderabad development centres in July.

“The number of our intern cohorts who are now full-time Ivanti employees speaks not only to the caliber of education Indian engineer students are receiving but also to the success of Ivanti’s internship program at preparing these students for the workplace,” said Chaithanya Rao, Director of Human Resources at Ivanti. “Our internship program provides hands-on work experience that helps students put their education into practice while developing their technical and interpersonal skills, giving them a competitive advantage in the marketplace. We look forward to repeating and expanding this internship program and the success we have seen on an annual basis.”

As part of its partnership with engineering colleges in Bangalore, Hyderabad, and Chennai, Ivanti offers six-month internships beginning each January. The rigorous selection process includes a pre-placement discussion followed by an online coding test. From there, a shortlist of applicants are then interviewed by Ivanti technology and management panels.

Ivanti’s Internship Program features bootcamp-style training that includes valuable real-time performance feedback from colleagues, managers, and department heads, allowing interns to maximize their experience. Every intern is assigned a mentor to help guide them through the program.

“Our internships are designed to help shape the next wave of engineers,” said Nagesh Ayyagari, Vice President of Engineering and India country lead at Ivanti. “Ivanti provides avenues for students to gain valuable real-world experience by participating in on-the-job technical training, as well as being exposed to real-world product development and encouraged to be proactive in their self-learning.  As a result of their success in our internship program, I’m excited to see future contributions these new employees will bring to Ivanti.”

About Ivanti

Ivanti makes the Everywhere Workplace possible. In the Everywhere Workplace, employees use myriad devices to access IT applications and data over various networks to stay productive as they work from anywhere. The Ivanti Neurons automation platform connects the company’s industry-leading unified endpoint management, cybersecurity, and enterprise service management solutions, providing a unified IT platform that enables devices to self-heal and self-secure and empowers users to self-service. Over 40,000 customers, including 96 of the Fortune 100, have chosen Ivanti to discover, manage, secure, and service their IT assets from cloud to edge, and deliver excellent end-user experiences for employees, wherever and however they work. For more information, visit www.ivanti.com and follow @GoIvanti.

Over 14000 Unacademy Learners Crack JEE Mains Exams In 2022

* 1500+ Learners have secured 99 percentile and above

* 5 Learners have secured Top 10 All Category Ranks

Unacademy, India’s largest learning platform*, today announced that over 14,000 of its Learners have secured top ranks in the JEE Mains 2022 Exam, thereby qualifying for JEE Advanced 2022. Among the top rankers from Unacademy are Palli Jalajakshi (AIR 9 | Vijayawada), Shrenik Sakala (AIR 11 | Amravati), Koyyana Suhas (AIR 22 | Vijayawada). 

1500+ Learners have secured 99 percentile and above, and over 500 Learners have scored exceptionally in All Category Ranks. 

Key highlights of the results: 

In All India Open Category Rank

·         1 Learner in Top 10

·         7 Learners in the Top 100

·         105 Learners in the Top 1000

In All Category Ranks

·         5 Learners in the Top 10

·         42 Learners in the Top 100

·         562 Learners in the top 1000

Unacademy is the leading online learning platform for the JEE exam preparation. Through Top Educators like Piyush Maheshwari, Brijesh Jindal, Mohammad Kashif Alam and others, Learners are now able to excel in their educational journey. Further with the recent launch of Unacademy Centres in Kota and Lucknow for IIT-JEE and NEET UG, JEE Learners have access to a premium learning experience with high-tech infrastructure. 

About Unacademy Group:?

Unacademy was founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015. Started as a YouTube channel by Gaurav Munjal in 2010, Unacademy is India’s largest learning platform with a growing network of 91,000+ registered Educators and over 92 million Learners. With education being imparted in over 14 Indian languages to Learners across 10,000 cities, Unacademy is changing the way India learns. Unacademy Group comprises Unacademy, Graphy, Relevel, and CodeChef.

Aakash BYJU’S Launches ‘Education For All’ Towards Inclusivity And Empowerment Of The Girl Child

Highlights

* To Offer Free NEET & JEE Coaching and Scholarships to nearly 2,000 Underprivileged and Girl Students as part of ANTHE 2022 – its Flagship National

Scholarship Exam 

Initiative set to benefit students, especially girls, economically weaker families and families with one girl child or a single parent (mother) 

As per the project, all identified students will appear for Aakash BYJU’S National Talent Hunt Exam - 2022 (ANTHE 2022), the institute’s flagship scholarship exam, scheduled to be held between November 5 -  13, 2022 across the country both in online and offline mode. 

The scholarships from Education for All initiative are in addition to the regular ANTHE scholarships. As in the past, ANTHE 2022, the 13th edition, will offer upto 100% scholarships to meritorious students as well as cash prizes to top performers. 

Besides the scholarships, 5 students will also win a free trip to NASA along with a parent.  

Since its launch, ANTHE has offered scholarships to over 33 lakh students.  

For more information, log on to anthe.aakash.ac.in 

To celebrate the Government of India’s Azaadi ka Amrit Mahotsav initiative, Aakash BYJU’S, the national leader in test preparatory services, is organizing a major drive towards inclusivity and empowerment of girl students in the arena of private coaching for higher education through ‘Education for All’, a nationwide project to offer free NEET and JEE coaching and scholarships to nearly 2,000 Class VII-XII students from underprivileged families, especially girls.  

The launch took place today across India simultaneously at 45 locations with the main event taking place at the JW Marriott Hotel, Aerocity in Delhi that was graced by Mr JC Chaudhry, Chairman; Mr Aakash Chaudhry, Managing Director and Mr Abhishek Maheshwari, CEO, Aakash BYJU’S along with other company officials.  The event was also attended by alumni of Aakash BYJU’S who became a part of the institute through ANTHE. The alumni were felicitated for their academic achievements with trophies and bouquets.  

As per the project, all identified students will appear for Aakash BYJU’S National Talent Hunt Exam - 2022 (ANTHE 2022), the institute’s flagship scholarship exam, scheduled to be held between November 5—13, 2022 across the country both in online and offline mode. The top 2,000 students would be given free coaching to Aakash BYJU’s most sought after NEET and IIT-JEE coaching programs, based on special considerations.  

For identifying the beneficiary students, Aakash will partner with select NGOs, who can nominate students from economically weaker section, only girl child, and single parent (mother). Aakash BYJU’S has a pan India network boasting nearly 285+ centres, the highest for any coaching institute in the country. Each centre conducts 9 classes on an average.  

Commenting on ‘Education for All’ initiative, Mr. Aakash Chaudhry, Managing Director, Aakash BYJU’S, said, “Being in the industry for so long, we see that the aspirations for medical and engineering education are only growing in our country. Our young minds are in awe of these two fields and the opportunities they afford for self-development and social contributions. However, there are millions of students who cannot afford private coaching that can hugely further their chances of cracking the entrance exams. What compounds the issue of affordability is gender disparity, where families do not come forward to spend on educating girl students beyond a certain grade. These contexts lower the morale of the students from underprivileged communities and girls in general. Through ‘Education for All’ we are doing our bit to lift the scope and expand the opportunities of coaching for professional courses for these students.” 

He pointed out that there will be no compromise on the quality of coaching offered to the beneficiary students. “The idea is to convert each of our centre in Aakash BYJU’S fast expanding network as a centre of excellence not only in coaching but also in inclusivity and women empowerment. We are confident that this initiative will get an overwhelming response from poor families and the ones with a single girl child or a single parent or both.”  

The scholarships from Education for All initiative are in addition to the regular ANTHE scholarships. As in the past, ANTHE 2022, the 13th edition, will offer upto 100% scholarships to meritorious students - it will also offer cash prizes to top performers. Besides, 5 students will also win a free trip to NASA along with a parent. Since its launch, ANTHE has offered scholarships to over 33 lakh students.  

ANTHE is a one-hour exam. ANTHE online will be held between 10:00 AM – 07:00 PM during all exam days, while the offline exam will be conducted on November 6 and 13, 2022 in two shifts: 10:30 AM – 11:30 AM and 04:00 PM–05:00 PM at all 285+ centres of Aakash BYJU’S across the country. Students can choose a one-hour slot convenient to them.  

ANTHE carries a total of 90 marks. It comprises 35 multiple-choice questions that are based on grade and streams the students aspire. For class VII-IX students, the questions will be from Physics, Chemistry, Biology, Mathematics and Mental Ability. For class X students aspiring medical education, the exam covers Physics, Chemistry, Biology and Mental Ability, while for the engineering aspirants of the same class, it covers Physics, Chemistry, Mathematics and Mental Ability. And, for class XI-XII students who aim for NEET, questions will be from Physics, Chemistry, Botany and Zoology, and for engineering aspirants, from Physics, Chemistry and Mathematics.  

About Aakash BYJU’S 

Aakash BYJU’S provides comprehensive test preparatory services for students preparing for Medical (NEET) and Engineering Entrance Examinations (JEE), School/Board Exams and Competitive Exams such as NTSE, KVPY, and Olympiads. The “Aakash BYJU’S” brand is associated with quality coaching and a proven student selection track record in various Medical (NEET) and JEE/Engineering Entrance Examinations, Scholarship exams & Olympiads. 

With over 33 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 285+ Aakash BYJU’S Centers (including franchisee), and an annual student count of more than 3,30,000. 

The Aakash BYJU’S group has investments from Think & Learn Pvt. Ltd (BYJU’S) as well as by the world's largest Private Equity firm Blackstone.  

www.aakash.ac.in 

IRCON Q1FY23 Revenue Up By 76% YoY At Rs. 2068 Crore; PAT Jumps 62% YoY At Rs.145 Crore

Key Financial Highlights for Quarter ended 30th June 2022 (Consolidated): 

Total Income increased to Rs.2,068 Crore as against Rs.1,176 Crore in Q1FY22. 

Revenue from operations increased to Rs.2,002 Crore as against Rs.1,142 Crore in Q1FY22. 

Core EBITDA increased to Rs.173 Crore as compared to Rs.119 Crore in Q1FY22. 

PAT stands at Rs.145 Crore as compared to Rs.89 Crore in Q1FY22. 

EPS stands at Rs.1.54 per Equity share of the Face Value Rs.2 per share. 

Order Book: 

As of 30th June 2022, the total order book stands at Rs.42,066 Crore. The break-up is which is as follows: 

Railways        : Rs.32,700 Crore 

Highways      : Rs.  7,395 Crore 

Others                        : Rs.  1,971 Crore 

Financial Performance: 

The Board of Directorsof Ircon International Limited (NSE: IRCON | BSE: 541956), at its meetingtoday, approved the results for the quarter ended 30th June 2022.  

Industry Outlook/Way forward: 

India is a major market with a growing need for more sophisticated and more sustainable structures. Significant growth in infrastructure is likely, thanks to the policy-driven focus on the sector.  The government's continued impetus on infrastructure development has been beneficial for the whole industry though headwinds arising out of rising cost pressure and inflationary impacts could have some volatilities. 

However, the scope for development across the sector is huge, given the substantial number of ongoing and proposed projects. The current scenario, therefore, presents a competitive landscape for the company to buckle up and take the opportunities to grow the business and continue to create value for its stakeholders. 

The global Infrastructure sector has grown from strength to strength throughout the disruption and uncertainty in the last year. As we move into 2022 and beyond, it is evident that infrastructure is consistently innovating and developing. Hence, FY23 will be another rewarding but challenging year, and the industry looks to be poised to capture growth opportunities. 

About Ircon International Limited (https://www.ircon.org/; BSE: 541956; NSE: IRCON): 

Ircon International Limited is a Miniratna (Category - I) Schedule A, Public Sector Enterprise and a leading turnkey Construction Company in the public sector known for quality, commitment, and consistency in terms of performance. 

The core competence of IRCON is in Railways, Highways & Extra High Tension substation engineering and Construction. The company has executed projects operated in the areas of Railway construction including ballast less track, electrification, tunneling,  

signal & telecommunication as well as leasing of locos, construction of roads, highways, commercial, industrial & residential buildings and complexes, airport runway and hangars, metro and mass rapid transit system, etc.  

IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria, Myanmar and Sri Lanka). Company has completed more than 128 projects in 25 countries across the globe and 395 projects in various states in India.