SIDBI Partners With M1xchange As Financier To Provide More Liquidity To MSMEs

Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchange as the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates.

M1xchange offers early liquidity to MSMEs within 24 hours through its online bidding platform through end-to-end digital process. This is a highly effective and efficient solution for addressing the issue of delayed payment of MSMEs.

M1xchange is one of three TReDS platforms. TReDS is regulated by RBI that enables discounting of bills of Micro, Small & Medium Enterprises (MSMEs) resulting in improvement of cash flow and liquidity and overall improvement in functioning of MSMEs. The Micro, Small, and Medium Enterprises sector accounts for the major share in the number of enterprises in India. This sector is also a major employment provider next only to agriculture and therefore, growth of this sector assumes greater importance.

“The cost of funding outside the banking system is very high for MSMEs. With this unique proposition offered by M1xchange TReDS, MSME enterprises will be able to utilise TReDS for discounting of receivables from their corporate buyers in which multiple financial institutions like SIDBI can play a big role. Corporate buyers in turn will be able to procure at better prices. M1xchange is privileged to welcome SIDBI for coming onboard” said Mr. Sundeep Mohindru, MD & CEO -M1xchnage. “

“TReDS have become an effective tool for prompt realization of MSME’s receivables and it provides for an effective solution to their working capital requirements. We expect that more and more Buyers will join and use TReDS platforms for effecting payments to their MSME suppliers and contribute to resolving the issue of delays in payment of MSME receivables to a larger extent. SIDBI being an apex institution for promotion & development of MSMEs is fully committed towards increasing the flow of credit to MSMEs for their growth” said Sh. Sivasubramanian Ramann,  CMD, SIDBI.

Till date M1xchange facilitated bill discounting of more than Rs 37,000 crores to over 14,000 MSME suppliers spread across 1,400 towns across the country at competitive rate of interest. TReDS enables the financial inclusion of MSMEs on a high scale, digitally, and with a positive social impact. This financing is without any collateral security and without recourse to MSMEs. The platform looks forward to increase its footprints in digital factoring by 25 percent to 30 percent in the current fiscal alone and this partnership with SIDBI gives a fillip to it.

About M1xchange: M1xchange is a TReDS (Trade Receivables Discounting) exchange that started in April 2017. M1xchange facilitates the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). In a short span of time, M1xchange has onboarded 49 Banks, 1,200+ corporates, and 13,500 + MSMEs and has facilitated discounting of invoices more than Rs 36,000 Crores. Transactions on the TReDS platform happen digitally and start when the MSME Supplier of Goods & Services raises the invoice, and the Buyer validates the same. This permits the financiers (Banks/ NBFCs) to bid against the verified and approved invoice. Once the supplier accepts the bid, the payment is processed in 24 hrs. and credited to the MSMEs bank account. Through this platform, M1xchange promises MSMEs greater access to finance at competitive rates and without providing any collateral. Further, the financing is without recourse. MSMEs pass on the risk of receivables to the financiers (NBFCs/Banks) by selling their receivables.

About SIDBI: SIDBI is the principal Financial Institution for promotion, financing and development of the MSME sector in India. It also co-ordinates the functions of various Institutions engaged in similar activities. SIDBI has more than 32 years of experience in Development Finance in areas of SME Credit, Credit Guarantee, Venture Capital, Cluster Development, Institutional Finance, development programs, etc.

To know more, check out: https://www.sidbi.in

GoodWorker Launches India’s First-Ever Digital Walk-In Interview Platform For Hiring Of Blue And Grey Collar Workers

*   Platform OWVI (Online Walk-in & Video Interactions) will bring the traditional offline walk-in interview experience to an online mode through the GoodWorker App benefiting the entire recruitment ecosystem

GoodWorker, a digital platform that aims to transform the lives of millions of workers, today announced the launch of first-of-its-kind digital interaction platform named OWVI (Online Walk-in and Video Interactions) for hiring of blue and grey collar workers.  Built-in on its app, the platform connects both the interviewer and the interviewee through a virtual walk-in, face-to-face call, in a time efficient manner eliminating physical and digital barriers like travel requirement and inexperience with video conferencing tools.

OWVI’s functional process begins with an employer creating a job listing on the GoodWorker app that also has a video hiring event with date and time for the interview.  Following this, GoodWorker gets into action where it identifies a pool of right-fit candidates by reaching out to them on real time basis through both the app notifications and in person calls.  Once the candidate chooses to participate in the interview event, by clicking on the option in the app, they are kept informed through regular communication about the interview day and time. 

On the scheduled day and time, the interviewer starts interview process by logging in through their GoodWorker employer app and the candidates start getting connected into the call one-by-one in an orderly manner through OWVI interface.  While in conversation with an interviewee, the employer also has a complete visibility of the candidate profile on screen enabling them with complete candidature information.  In case, during the call if the interviewee faces connectivity problems or there be any other hinderance, the employer has the option to push the candidate to the back of the line giving him time and space to realign. This remedial measure ensures the candidate does not lose out on an interview opportunity.

Once the call is done, employer can either shortlist or reject the interviewee on real time basis and move on to the next candidate seamlessly.  The candidate is updated on their status in real time, making the entire process both transparent and time efficient. For the entire duration of the interview process, the employer stays connected on the single login while the candidates get moved in-and-out of the session, making OWVI an online format of an offline experience.

Speaking about the launch, Mr. Amit Jain, CEO, GoodWorker said, ‘"We're building a full stack digital career building platform that helps workers improve employability, find jobs and in the process makes workers owners of rich digital identities which they use to access quality of life services. OWVI is a big step in that direction as it digitizes crucial steps in the hiring journey that have hitherto remained fragmented and broken."

Mayank Mohan, Senior Director and Business Head said, “For the first time, OWVI will stitch together the pieces of job applications and interviews in a seamless, online way!  This will save time and effort for employers- enabling more and better interviews and save effort for applicants as well.  The platform demonstrates GoodWorker’s commitment to bring first to market solutions that will change the hiring ecosystem works.”

Teeshant Dhiman, Associate Director – Product, GoodWorker said, “OWVI will transform the blue-collar worker job space by democratizing its hiring process.  Our app-based convergence of job availability and talent supply is an industry game changer as it enables convenience without the trouble of technology barrier. OWVI enables a seamless chain of job listing, to interviews and immediate status update helping employers to choose the right-fit talent faster and helping the job seeker get clarity on next steps without delay.”

OWVI is an industry-first platform created by GoodWorker, over time the company intends to evolve the platform into a one-stop talent-help service with elements like career counselling, mock interviews with mentors, assessment, group discussion sessions, and employer branding session among others.  The expressed vision of GoodWorker is to help improve the lives of India’s blue-collar and grey-collar employees by offering access to career advancement possibilities and other quality of life services.

Using the newly launched OWVI feature, Ambar Gupta HR Head from Square Ring Enterprises had this to say “The new Online interview platform is fantabulous, and it saves the time of a recruiter like me and also the candidate’s time and money. Hassle-free hiring is what this brings in and it is highly recommended.”

About GoodWorker:

GoodWorker is a digital job matching platform that aims to improve the lives of India’s blue-collar and grey-collar workers by offering access to jobs, career advancement possibilities and other quality of life services.  Founded in 2020, the company has been steadily expanding its national footprints through an array of bespoke service offerings like learning community and jobs classifieds among others. Some of its recent offerings include city specific job listing app that enables blue collar job seekers to find jobs in the cities of their choice.

Backed by Temasek, GoodWorker is on a mission to democratize access to better lives by empowering a billion lives globally.  The company has been in the forefront of providing all its communities with trusted ownership, sharing, and distribution of their data.   

KFin Technologies Limited Initial Public Offering To Open From December 19-21, 2022

·         Price Band fixed at Rs 347 to Rs 366 per Equity Share of face value of Rs 10 each of KFin Technologies Limited

·         Offer will close on Wednesday, December 21, 2022

·         Bids can be made for a minimum of 40 Equity Shares and in multiples of 40 Equity Shares thereafter

KFin Technologies Limited (“KFintech” or the “Company”), proposes to open on Monday, December 19, 2022, its initial public offering through offer for sale of equity shares with face value of Rs 10 each (“Equity Shares”). (The “Offer for Sale”). The Offer for Sale comprises of Equity Shares for an amount aggregating up to Rs 15,000 million by General Atlantic Singapore Fund PTE. Ltd. (the “Promoter Selling Shareholder”). The Offer will close on Wednesday, December 21, 2022.

The Price Band of the Offer has been fixed at Rs 347 to Rs 366 per Equity Share. Bids can be made for a minimum of 40 Equity Shares and in multiples of 40 Equity Shares thereafter.

This is an Offer in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”). The Offer is being made through the Book Building Process in terms of Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company and the Promoter Selling Shareholder in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 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 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 (other than Anchor Investors), 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 Net QIB Portion for proportionate allocation to QIBs. Further, 15% of the Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one third of such portion shall be reserved for Non-Institutional Bidders with Bid size exceeding Rs 200,000 and up to Rs1,000,000; and (b) two third of such portion shall be reserved for Non-Institutional Bidders with Bid size of more than Rs 1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) 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 mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA Process. For further details, see “Offer Procedure” beginning on page 464 of the RHP.

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

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, IIFL Securities Limited and Jefferies India Private Limited are the Book Running Lead Managers to the Offer.

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

Notes to the Editor:

KFin Technologies Limited (the “Company”) a leading technology driven financial services platform provides comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.

The Company provides several critically important services to the Indian capital markets ecosystem. Its clients utilize their platform for different service offerings for a substantial part of their operational requirements.  It provides a wide array of investor and issuer solutions including omni-channel transaction origination and processing, channel management, which is mapping of mutual fund schemes of AMCs to distributors selected by the AMCs and related distributor management, including brokerage computation and channel servicing which includes brokerage pay-out, query solution and GST compliance assistance, customer on boarding with integrated KYC, unit allocation and redemption, reporting and compliance checks on a real time basis. The Company also offers asset-servicing products including a distributor platform, an investor platform, and an online transaction platform together with data analytics. The technology products, solutions and platforms help its clients to focus on their core business functions such as investment management and sales and marketing functions whilst entrusting bulk of operational front office, middle office and back office activities on Kfintech platform.

Land Rover Introduces Unique Travel Experiences, Defender Journeys, In India

·       Curated self-drive adventure program, in Defender vehicles, across India

·       Multi-day travel experiences will offer luxury stays and hospitality, lifestyle experiences, cultural immersion and drive across some of the most iconic routes in India with off-road trails, that offer a complete Defender driving experience

·       Cougar Motorsport has been authorised to plan and execute Defender Journeys in India

·       The first Defender Journey, the ‘Konkan Experience’ will take place from 16th January 2023. To know more click here

Jaguar Land Rover India has introduced specially curated and unique travel experiences, Defender Journeys, in India. This is a self-drive, multi-day, adventure program, in Defender vehicles, that will include many aspirational and sought-after itineraries across India. Each Defender Journey will include luxury stays and hospitality, lifestyle experiences, cultural immersion and drive across some of the most iconic routes in India with off-road trails, that offer a complete Defender driving experience. There will be 5 Defenders deployed in each Journey, thus offering just 5 drive slots, to provide a highly exclusive and personalised experience.

The first Defender Journey known as Konkan Experience is scheduled from 16th January 2023.

Rohit Suri, President and Managing Director, Jaguar Land Rover India, said: “The Defender clients are active and adventurous. Defender, with its iconic driving capabilities and design, offers the perfect opportunity to engage our discerning clients with a program to explore the cultural diversity of our beautiful country; be it the stunning coastal regions, whitewashed peaks of the Himalayas or the ephemeral dunes of the Thar. Each journey is bound to be a trip of a lifetime.”

To begin with, four Defender Journeys have been curated, as follows:

Konkan Experience

A journey between Goa and Bengaluru over seven days, to explore the towns along the Konkan coast, the hills of the Western Ghats and everything in between. The Konkan Experience is an adventure filled with surprises, whether it is exploring the beaches that dot the coast or sipping artisanal coffee in the cool mountain air. It includes luxurious accommodations that offer rich culinary experiences and exciting activities.

Nilgiri Experience

A journey between Bengaluru and Coimbatore, surrounded by lush nature, through the Western Ghats, and the famous tea plantations of the Nilgiris. Over seven days, The Nilgiri Experience includes travel through majestic forests, exploring a tiger reserve, stay in luxurious locations, and unwinding with a gorgeous sunset cruise.

Coromandel Experience

A journey between Coimbatore and Chennai across the Eastern Ghats and the extraordinary coast that straddles the Bay of Bengal. The Coromandel Experience is a culturally rich journey providing complete immersion into the region’s colourful heritage and tradition.

Malabar Experience

A journey between Coimbatore and Kochi to explore the region filled with unique geography, tranquil backwaters, unspoiled beaches, rich culture and spices. The Malabar Experience is a pursuit that will amaze you every step of the way and more.

More such journeys will be curated and introduced throughout 2023.

Jaguar Land Rover India has authorised Cougar Motorsport to plan and execute Defender Journeys in India. A team of trained Land Rover instructors will lead and guide every journey to make the overall experience seamless and convenient for participating clients.

31st Taiwan Excellence Awards: Honouring Taiwan's Innovation In Tech

This year Taiwan Excellence Awards received a huge number of registrations with around 547 brands and a total of 1,109 products. Established by the Ministry of Economic Affairs in 1993, Taiwan Excellence is committed to using wisdom and creativity to make sure Taiwan's best products enter the daily life of every consumer across the globe.

Every year they award products with innovative value after a meticulous selection process that evaluates products on the parameters of R&D, Design, Quality, and Marketing. This year, the awards entered its 31st session, from the annual award of Taiwan Excellence.

The proportion of award-winning products reflects the competitive advantage of Taiwan's important industries, especially the information and communications category which is the highest at 42.3%, a significant increase from 29.8% last year. This reflects a surge in demand for ICT products during the pandemic. The ICT category is followed by machinery and components category accounting for 23.6%. Ranking third is the household equipment, hardware and building materials category accounting for 12.4%.

The registered list of enterprises shows how they have grown when it comes to the application of AI, IoT and other technologies, echoing the spirit of "Taiwan Excellence" emphasizing that "only innovation can bring changes to life". In response to the changes in life and business models triggered by the recent pandemic, these enterprises have also produced many innovative products and solutions in the field of remote education, online meetings, e-sports, and health and epidemic prevention.

Products that have received this mark of excellence from Taiwan are the ones that impact how we live. With the assistance of AI, Innolux Corporation’s Medical Volume N3D system combines the naked-eye 3D display and the company’s exclusive N3D algorithm to produce real-time light field. Medimaging Integrated Solution Inc., a Taiwanese telemedicine maker, has introduced an AI-assisted diagnostic device for diabetic retinopathy. The accuracy of AI will help the product users diagnose with added precision. As proactive steps toward more ESG-compliance, some brands like BenQ Materials Corp. and Innolux Corp. have initiated launch of green building materials like the PDLC Smart Optical Film and the Smart Dimming LC Window.

James Huang, Chairman, Taiwan External Trade Development Council, said “Since its establishment in 1993, after 31 years of hard work, Taiwan has reversed its industrial image towards high quality and innovation and has also selected many outstanding Taiwanese enterprises from various industries to represent Taiwan in marketing to the world.”

People's ubiquitous desire for simplified solutions is the key driver for innovation and Taiwanese enterprises have been consistent in making this goal a reality. Combining technological vantages with an innovative spirit, they have made affordability accessible to millions around the globe: be it media, climate action or healthcare. The Taiwan Excellence Award, now regarded as a benchmark in industrial innovation, has not only emphasized Taiwanese entrepreneurial excellence but also brought to light bigger environmental concerns and the importance of sustainability.

To know more check out https://www.taiwanexcellence.org/en

About Taiwan Excellence:

Taiwan Excellence, set up by Taiwan’s Ministry of Economic Affairs in 1993, comes to mind, as a body committed towards ensuring that the world gets to explore cutting-edge technology from Taiwan. They select and recognize products with an innovative edge every year by strictly evaluating them on the parameters of R&D”, “Design”, “Quality” and “Marketing”. Taiwan Excellence is Taiwan’s proposition to the world on how to live an innovative life. Building on the values of empathy, dependability, excellence, and innovation, Taiwan Excellence highlights domestic products as well as capabilities to paint a creative image for Taiwanese businesses worldwide.

Jackfruit365 & BeatO Combined Study Published By The International Diabetes Federation

* Study highlights using BeatO app with Jackfruit365 green jackfruit flour leads to a significant reduction in average blood glucose levels in just three weeks

National award winning start-ups, Jackfruit365, the company behind the patented green jackfruit flour known for its proven efficacy to control blood sugar among persons with diabetes (PWD) and BeatO, a comprehensive digital care platform that provides easy solutions for controlling and managing diabetes, partnered to evaluate the efficacy of medical nutrition therapy (MNT) with Jackfruit365 green jackfruit flour combined with BeatO’s smartphone integrated connected care for Indian patients with diabetes. This study was published today at the International Diabetes Federation (IDF) Congress in Lisbon.

The study suggests that incorporation of Jackfruit365 g reen jackfruit flour in medical nutrition therapy (MNT) combined with an online CDE (Certified Diabetes Educator) counselling triggered by real-time self-monitoring of blood glucose levels on BeatO app using a smartphone-connected glucometer significantly reduced average blood glucose levels in three weeks with higher efficacy in the higher HbA1c subgroup.

Green jackfruit flour has been reported to lower glycaemic load (GL) because of its high fiber, both soluble and insoluble, and lower carbohydrate and calorie content. Jackfruit365 green jackfruit flour used in medical nutrition therapy (MNT) along with pharmacological interventions led to a significant reduction in HbA1c levels and PPG (post prandial blood glucose), demonstrating its efficacy in MNT (medical nutrition therapy) in T2DM (type 2 diabetes mellitus) patients.

Mr. James Joseph, Founder, Jackfruit365.com said, “Diabetes is a serious & rapidly growing health issue among the masses in India. There are more than 70 million people suffering from diabetes which is expected to rise to over 134 million by 2045. Partnering with BeatO has led us towards the digital revolution in diabetes care. This study with closely monitored BeatO’s smartphone integrated connected care service demonstrates reduction in average blood sugar level in just three weeks of consumption of green jackfruit flour. We are glad the scientific committee of IDF accepted our joint study to demonstrate the opportunity to combine MNT with green jackfruit flour with a more frequent and affordable smartphone integrated monitoring of blood sugar levels with BeatO App. We commend BeatO for coming up with such an innovative, easy to use solution.”

A gold standard study on Jackfruit365 green jackfruit flour conducted at the Government Medical College, Srikakulam, Andhra Pradesh, India, has been published in American Diabetes Association and Nature group journals. BeatO’s real-world evidence-based studies have been published in global forums such as the prestigious American Diabetes Association (ADA), International Diabetes Federation (IDF) and at the Advanced Technologies and Treatment for Diabetes (ATTD).

While this gold standard clinical study highlights the therapeutic potential of green jackfruit flour integration in everyday meals for persons with diabetes, the real-time monitoring of blood glucose in diabetics through the BeatO app during green jackfruit flour consumption has enabled both patients and healthcare professionals to experience the combined efficacy much faster. This study comprising 353 people has highlighted the potential of technology combined with intake of a clinically proven dietary ingredient in effectively monitoring and controlling blood sugar in individuals with diabetes.

Gautam Chopra, Co-Founder and CEO of BeatO said, “My greatest source of satisfaction and motivation at work comes from hearing stories of our members, and how BeatO has helped improve their sugar levels, overall health and quality of life. It’s heartening to see our users live a better, healthier and happier life because of the small changes they could make with BeatO. We keep customers at our core, and persevere to build products according to their needs. Partnering with Jackfruit365 has paved way for an affordable diet solution to diabetes management for the masses; making the green jackfruit available in the form of flour for consumption round the year has opened avenues for majority of population to intake a healthy diet and clubbed with real-time self-monitoring, they can see the improvements and move towards an aspirational lifestyle.”

Dr. Mudit Sabharwal, Consultant Physician at BeatO talking about digital diabetes care said, “App-based connected care ecosystem for management of chronic conditions like diabetes helps with patient management and results in better health outcomes. BeatO is bridging barriers and has enabled doctors to track various biomarkers and make individualised precise treatment strategies for better outcomes. For patients, it has resulted in ease of monitoring their medical conditions and better compliance. Real-time glucose self-monitoring clubbed with an appropriate meal plan has reflected improvements in conditions of many BeatO users. With the incorporation of green jackfruit flour in the diet plan, the reduction in average blood glucose levels were seen in just three weeks. BeatO can facilitate the scaling of such a practice and contribute immensely towards prevention and management of diabetes.”

A multi-centric retrospective study of the digital medical records of uncontrolled DM (Diabetes Mellitus) patients (n=353) who had a smartphone-connected glucometer (SCG) (BeatO) for real-time monitoring of their blood glucose levels was conducted. The mean age of the subjects was 52.76±13.07 years, with a mean BMI of 26.46±4.93 kg/m2. These patients consumed Jackfruit365 green jackfruit flour (30g/day daily for 3 weeks, replacing an equal volume of rice or wheat flour) alongside pharmacological interventions and regular counselling by BeatO’s CDE (at least one session) for 3 weeks.

In the 3rd week of consumption, the average blood glucose levels significantly reduced from 185.4±68 to 151.1±80 (p <0.001) with a significant decrease (20.84%; p<0.002) in post-meal blood glucose levels, compared to one week before Jackfruit365 green jackfruit flour consumption. For the two subgroups (HbA1c>10% & HbA1c 8-10% at the week prior), a significantly higher reduction in average blood glucose was observed i.e. 223±103 to 175±101 (21.3%; p<0.002), in the high baseline HbA1c group, compared to 204±93 to 164±95 (19.4%; p<0.003), in the latter group. Similar higher reduction in HbA1c levels was also seen in the latter group (2.17% vs 1.01%), respectively. No new hypoglycaemic events were seen during the treatment period.

About Jackfruit365

Jackfruit365 green jackfruit flour is a patented product made from 100 per cent green jackfruits of India, a single ingredient with no preservatives or additives added. It is an evidence-based natural remedy that helps in controlling blood sugar in people with type 2 diabetes (T2DM).

Available in 200 and 400 gram packs, Jackfruit365 green jackfruit flour is sold via 5,000 kirana shops to supermarkets to ensure regional availability and via online channels for a greater national reach. Jackfruit365 green jackfruit flour has successfully claimed the national bestseller spot on Amazon with over 10,000 reviews and has over 500,000 consumers pan India. Other than Amazon, the product is also sold through Jackfruit365.com, Flipkart, Tata 1MG, Jiomart, and Big Basket.

About BeatO

BeatO is a digital app-based platform that provides clinically proven, comprehensive diabetes care programs to prevent, control & reverse diabetes under the guidance of experts. The results of these programs have been published by top institutions such as the American Diabetes Association (ADA) & International Diabetes Federation (IDF). BeatO’s ecosystem includes its innovative smartphone-connected glucometers that work in unison with the BeatO app and an experienced team of experts - health coaches, nutritionists and top doctors. BeatO's AI powered app provides personalized insights & real-time, data-driven care via its experts. BeatO also provides a complete one-stop solution for all daily diabetes essentials such as medicines, lab tests, diabetes friendly foods & products.

Shyam Steel Launches “Z Huzoor”; A B2B Marketplace For Procurement Of All Construction Materials

Shyam Steel, one of the leading producers and manufacturers of primary TMT bars announced the launch of Z Huzoor, a new age B2B marketplace for all construction materials. The B2B marketplace provides a complete ecosystem in providing construction material and services under one roof and aims to bridge the gap between suppliers & buyers of construction materials in infrastructure sector. Z Huzoor understands the need of the customer and carries out all the tasks to deliver a frictionless procurement experience. 

Z Huzoor takes orders from all business customers which includes infrastructure contractors, builders etc for all construction materials of any brand and fulfils it by sourcing from suitable manufacturers/suppliers. The marketplace provides value for money proposition and there is no hassle in vendor management. Z Huzoor provides best in quality and best price of material sourced from wide range of approved manufacturers. It also ensures doorstep delivery of procured materials, fulfilled through established network of transporters. Z Huzoor also provides conducive credit facility & financing terms, easing the working capital stress of consumers. Customers will also have clear visibility over material movement. 

Speaking on this initiative Mr Manish Beriwala, Director, Shyam Steel Industries Ltd said, “Z Huzoor will be a gamechanger in construction material segments. Buying construction materials will be hassle free and we will be able to engage with the customers in a timely manner. We have always been in forefront with business-driven technology innovation and Z Huzoor will aim to address all the concerns of buyers and suppliers and uplift the business of dealers by providing them a huge market.” 

The products available in Z Huzoor includes TMT Bars, Structural Steel, Pipes & Tubes, Metal Beam Crash Barrier, Scaffolding & Shuttering Material, Poles & Towers, Fabrications, Construction Chemicals, Bitumen & Fly Ash, Construction Equipment, Construction Related Hardware & Software, Inspection & Testing Services etc. Along with construction materials, Z Huzoor offers reliable inspection & testing services for bridges, structures, roads and all other infrastructure projects. To enable companies digitally and to enhance business efficiency, Z Huzoor also offers whole suite of software and hardware products to infrastructure players. 

“We have got a very positive response from the customers, and we have already associated with leading infrastructure constructors. Our sales have already crossed INR 65 crore and we are very confident to increase our business further. We will be also tying up with more infrastructure players to increase our database and also introduce new methods to make procurement hassle free”, added Mr Beriwala. 

Z Huzoor has started its operation as a pilot few months back and till date, it has been successfully dispatched TMT Bars, Structural Steel, DI Pipes etc. of considerable quantity across all states. It has catered to 50+ renowned infrastructure contractors and customers have been delighted with the source of all construction materials under one roof and fast delivery at competitive price. The materials have been used in key infrastructure projects like national highway, bridge, hospital, metro railway, airport etc.  

Website: www.zhuzoor.com 

Email Id: enquiry@zhuzoor.com 

About Z Huzoor Infratech Private Limited: 

Z Huzoor Infratech Private Limited is a marketplace for construction materials, providing construction materials under one roof. The company takes orders from all business customers (infrastructure contractors, builders etc.) for construction materials like TMT bar, structural steel etc. of any brand and fulfils it by sourcing from primary as well as secondary manufacturers and established traders. Z Huzoor is from the house of Shyam Steel, renowned TMT Bar Manufacturer and Supplier in India and having rich legacy of 70 years in this domain. 

About Shyam Steel: 

Shyam Steel is one of the leading primary TMT Bar manufacturers in India with an annual turnover of Rs 4,500 crore. Guided by a philosophy to produce safe and sustainable steel, it is a pioneer in quality production of steel. Starting its operation with a small factory in Howrah, Shyam Steel has created a legacy of 60 years and has emerged as a large, growing, competitive and multi-product steel organization by delivering quality material through innovation, excellence, and dedication. The group has four state of the art integrated steel plant located in Durgapur, Mejia, Bamunara and Howrah. Shyam Steel has been associated with various government bodies such as National Highway Authority of India (NHAI), railways, military engineering services, Nuclear Power Corporation of India (NPCI) and various state governments. Shyam Steel has signed Sonu Sood as their Build India Brand Ambassadors. The brand is also associated with Virat Kohli and Anushka Sharma as the face of the company. The company has also recently launched Shyam Steel Apna Ghar app to provide consumers hassle-free purchase of TMT bars and to boost the sales of their dealer distributor network.  

Shyam Steel believes that sustainable community development is essential for harmonious development of nation. They have always put forward and contributed towards various corporate social responsibilities for social development which have social, economic and environmental impacts. Their CSR are focused on education, poverty, gender equality, hunger and environment