JARVIS Invest Launches JARVIS Protect To Equip Investors With Stock Exit Strategies To Optimize Their Portfolio

·         JARVIS Protect will provide recommendations on when to exit the stock and book profits or minimize loss

·         Any investor with a minimum portfolio of five stocks can avail this service

JARVIS Invest, India’s first AI based investment advisory platform, has launched JARVIS Protect, a risk management service that will enable investors to book profits and cut losses from any portfolio uploaded on JARVIS system. This is their second product after the successful launch of JARVIS portfolio.

Often, Do-It-Yourself (DIY) investors build their stocks portfolio based on unsolicited tips and rumours, without any authentic and validated exit calls. This leads to accumulation of junk or irrelevant stocks costing investors their fair returns. JARVIS Protect is designed to address the challenge that DIY retail investors’ face – knowing when to exit a stock/strategy and thus book profits or minimize losses. This service will act as an efficient risk management tool for investors thereby helping them turn their underperforming portfolio into a winning one. The service will be available at affordable prices for any portfolio in the Indian equity markets.

JARVIS Protect will equip investors with stock exit strategies in the following ways:

·         Alerts the user to either book profits or cut losses against the stocks held in an existing portfolio

·         Minimum investment to be able to use Jarvis Protect is as low as having at least five stocks in the portfolio

·         No minimum tenure requirement as it will keep recommending exit strategies, until you clean up your portfolio

·         Rebalancing recommendations based on free risk profiling on the basis of individual risk appetite and timely alerts for the same

JARVIS Protect, like the portfolio tool, is also completely AI run and free from human bias. JARVIS takes into account 1.2 crore data points to make its recommendations to the investor. It also provides solutions by analyzing the common problems faced by an investor while managing a portfolio on their own.

Speaking on JARVIS Protect, Sumit Chanda, Founder and CEO, JARVIS Invest said, “Long term wealth creation is not just about buying stocks at the right time and price, but also about knowing when to exit a stock or exit a portfolio. With sharp surge in the number of demat accounts in India, it becomes critical to empower investors to make informed decisions and help them manage the risks that come with investing in equities. Retail investors typically miss golden years of investing by either holding on to non-performing stocks for a long period or by investing in stocks that do not suit their individual risk appetite/investing goals. Timely exit or booking profits is only as good as your decision making, and we believe that our AI-driven platform providing bias free suggestions will assist an investor in his journey of wealth creation. Jarvis Protect will provide investors with timely stock exit strategies and portfolio rebalancing. Our AI-driven model has a high downside accuracy which makes JARVIS Protect relevant to all investors.”

Through JARVIS Protect, the company further aims to simplify the decision making for investors and assist in efficient portfolio creation.

About JARVIS Invest:

JARVIS Invest is India’s first Artificial Intelligence (AI) based investment advisory startup, founded by Sumit Chanda in December 2016. ‘JARVIS’ is an exceptionally intelligent Portfolio Management tool created by a team of seasoned individuals in the field of investments, research, & technology. With an aim to address limitations in the equity investments model such as no access to personalized research, influence of human emotions and biases, absence of risk management system, and a one size fits all (model portfolio) approach, JARVIS Invest aims to democratize portfolio management for the retail investor, with a minimum investment of INR 30,000.?? 

JARVIS Investment philosophy takes into consideration over 12 million local and global data points across fundamentals, price & volume time series, corporate actions, government policies, regulations & compliance, global & domestic events, sentiment data among other macros to achieve predictability and accuracy. JARVIS uses proprietary risk management system that monitors client wise investments 24x7 & manage the entire investment lifecycle and provides real-time advisory to client on – Profit booking, partial profit booking, stock exit, auto-rebalancing, and portfolio reset.? 

JARVIS curated portfolio has provided average returns of 50-80% across portfolio categories. JARVIS Invest’s risk management system (RMS) efficiency could recently predict the market crash of March, 2020 and January, 2022.??? 

For more information, visit https://www.jarvisinvest.com/

Lux Industries Releases Its “New TVC Campaign For Lux ONN”

~ The campaign projects ONN as a global premium wear brand for Men~ 

ONN, from the house of Lux Industries (BSE: 539542 | NSE: LUXIND), one of the country’s largest innerwear manufacturers, known for its innovative and customer-demand-driven product offerings, manufacturing more than 100 products across 14 major brands comprising a complete range of innerwear and outerwear for men, women, and children, has yet again created a buzz with its new TVC campaign film highlighting premium collection of the brand. Targeted to every individual consumer across ages, the campaign has been created by Wunderman Thompson, Kolkata and is directed by Hypno.  

Speaking on the launch of the new campaign, Mr. Saket Todi, Executive Director, Lux industries said “We always wanted to project ONN as youthful and footloose. We have kept the brand aspirational and the pricing within reach. The primary objective was to get noticed, which is why, we went ahead with advertising themes, locations and cast which have the potential to grab eyeballs and help the brand to build a stronger connection with its target audience. To meet the expectations and aspirations of the young people of today, a wide variety of designs of the highest quality and most practical styling have been offered”. 

The campaign projects ONN as a premium wear providing comfort to men in all in all situations, no matter how trying or testing it is. The TVC also highlights ONN as global wear while reinforcing the brand’s positioning of complete comfort. ONN is the Premium Innerwear/Athleisure brand under the umbrella of Lux Industries Limited. Specially crafted for the young, energetic, and suave generation, the ONN range of premium wear brings luxury into casual fashion and effectively touches the style nerve of the modern Indian male. ONN’s collection includes vest, brief, polo & tees, boxers, shorts, hoodies, track and sweatshirts. Over the years, ONN has experienced remarkable growth and has built a niche for itself in the hosiery industry and has a robust customer acquisition management which has resulted in a strong brand recall. The campaign will be be promoted heavily across all digital platforms, television and OOH and engage with the audience through multiple touchpoints. 

Arjun Mukherjee, VP & Senior ECD, Wunderman Thompson, Kolkata, said, “The biggest challenge was to tell an interesting story with a twist in 20 seconds. That’s why we thought of scripts with minimum or zero dialogue which would establish the product positioning without impeding the pace of the storyline. Similar to our previous films for ONN, international settings and actors have been used to amplify the aspiration levels”.  

Lux Industries has always been proactive in adopting newer methods of production developing innovative products and targeting the right audience through first-of-its-kind branding and promotional activities. Its customer-centric approach has helped the brand to expand its visibility and created strong brand equity for the entire brand portfolio across 47 countries. A strong assortment of 15 brands offering mass, mid-premium, and premium products across demographics, has helped the brand outperform the market and generate a pricing premium.   

Link to the film: (14) ONN Piggy Back TVC |ONN Polos & Tees | Total Comfort #Premiumwear - YouTube 

The IPRS Hosts Two Sessions At The “iconic Kala Ghoda Arts Festival 2023”

* “SADDA HAQ AITHE RAKH” - An exclusive session on songwriting and securing the rights to your creations 

* “Women Changing Music” A roundtable celebrating women in Music by IPRS 

After a two-year absence, the iconic and much-awaited Kala Ghoda Arts Festival is back to celebrate cinema, food, literature, visual art, culture, music and more.   

The Indian Performing Rights Society (IPRS) will host two events at the festival: “Sadda Haq Aithe Rakh” on 7th February, between 6 pm- 7 pm at NGMA, Colaba. The workshop will be conducted by Eminent Lyricist, Screenwriter & IPRS Board Member Mayur Puri, who will take the audience through the nuances of Songwriting and How to Manage your Rights as a Creator. 

‘Women Changing Music’ is a roundtable conversation organized by the IPRS at the festival celebrating women game changers in the Indian music industry. Srushti Tawde, Priyanka Khimani, Mercy Tetseo from The Tetseo Sisters, Gauri Yadwadkar, and Nirmika Singh will be among the notable panelists. The engaging roundtable will be hosted by Stutee Ghosh.  On 9th February, 6 pm – 7 pm at NGMA, Colaba. 

IPRS has initiated a slew of initiatives aimed at identifying, empowering, and promoting female music creators. The IPRS, ‘Women Changing Music’ roundtable will provide an inspirational and enlightening chance to hear prominent women in music who are smashing the glass ceiling by making history and leading the way for others to follow. 

Commenting on the same, Lyricist, screenwriter, filmmaker, and IPRS Board Member Mayur Puri said, “As a long-time member of IPRS, I am excited to host the Sadda Haq Aithe Rakh workshop for songwriters, composers, and those interested in music. From the moment children are born till they breathe their last breath; music plays a significant role in their life. This workshop will take the audience on a journey of music creation, and how a lyricist and composer come together to make music.  It will benefit all music makers who are primarily concerned with their creativity and are unaware of issues such as copyright, royalties, and other technicalities that go with the music they create. The line between the audience and the creator is blurred, making it very important for creators to understand their rights. I am delighted that one of the city’s largest cultural festivals, the Kala Ghoda Arts Festival, has partnered with the IPRS on this initiative.” 

Brinda Miller, Chairperson, Kala Ghoda Association, spoke about the glorious legacy of the festival, “It is a festival for and by the people. We are thrilled that the city’s beloved festival will return after a two-year hiatus. Much has happened during this period, and our theme “Past Forward” pays tribute to our 22-year legacy while designing a festival of the future. It represents the slow transition from a period of inactivity to an era of optimism, change and growth. Every year, people and enterprises from across the country come together to make this festival possible, and this year is no exception.” 

Educational and interactive programs like "Sadda Haq Aithe Rakh" aims to raise awareness about current developments in the music industry and help musicians understand their rights, the importance of music royalties and how to make more with the music they create. The “Women Changing Music” roundtable is another step taken by IPRS to identify, empower and promote female creators and celebrate the women in music, who are creating history, and paving the path for others to follow.     

Founded in 1999, the Kala Ghoda Arts Festival has become one of the biggest street art festivals in the country. It draws visitors from Mumbai and all over the world. With the aim of promoting arts, crafts, music and cultural heritage.  

PM Modi Inaugurates India's Largest Helicopter Manufacturing Factory In Karnataka

* Asia's largest helicopter manufacturing facility, this helicopter factory will initially produce Light Utility Helicopters (LUH).

Prime Minister Narendra Modi inaugurated the helicopter factory of Hindustan Aeronautics Limited (HAL) on Monday in Karnataka's Tumakuru. He also unveiled Light Utility Helicopter made in the latest helicopter factory. The event was also attended by Defence Minister Rajnath Singh and Chief Minister Basavaraj Bommai.

It is a dedicated new greenfield helicopter factory that will enhance the capacity and ecosystem to build helicopters. Asia's largest helicopter manufacturing facility, this helicopter factory will initially produce Light Utility Helicopters (LUH). 

LUH is an indigenously designed and developed 3-ton class, single-engine multipurpose utility helicopter with the unique feature of high maneuverability, informed the government on Saturday.

The factory will be expanded to manufacture other helicopters such as Light Combat Helicopter (LCH) and Indian Multirole Helicopter (IMRH) as well as for repair and overhaul of LCH, LUH, Civil ALH and IMRH in the future. 

The factory also has the potential for exporting the Civil LUHs in the future. This facility will enable India to meet its entire requirement of helicopters indigenously and will attain the distinction of enabling self-reliance in helicopter design, development and manufacture in India.

The factory will have a manufacturing set-up of Industry 4.0 standards. Over the next 20 years, HAL is planning to produce more than 1000 helicopters in the class of 3-15 tonnes from Tumakuru. This will result in providing employment for around 6000 people in the region.

OnMobile Reports Robust Third Quarter Of Fiscal Year 2023 Results

* Challenges Arena: The expansionary trend continued; revenue grew 21x since its launch and 62 cumulative customer agreements by Q3FY23

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the Third quarter and Nine months FY23 ended December 31, 2022.

Highlights:

·           Challenges Arena: Revenue increased by almost 52% on a QoQ and ~7x on a YoY basis and grew ~21x over the last 7 quarters

·           Challenges Arena: 62 cumulative customer confirmations and 35 customers live as on Q3FY23

·           Challenges Arena: 13.64 Mn gross subscribers as on Q3FY23

·           Challenges Arena: By Q3FY23, the Net active base increased to 3.1 Mn from 1.98 Mn in September 2022

·           ONMO B2B: 18 customers confirmed and 4 customers live as on Q3FY23. Revenue grew 77% QoQ

·           Q3FY23 revenues at INR 1,369 Mn, flat QoQ. Gross profit stood at INR 706 Mn a growth of 3.4%. Gross margin improved by 170 basis points QoQ (~53.9% gross margin in Q3FY23)

·           9MFY23 revenues at INR 4,145 Mn, up by 0.8%; Gross profit stood at INR 2,101 Mn, a growth of 4.3% YoY basis. Gross margin improved by 150 basis points YoY (~52.9% gross margin in 9MFY23)

·           Q3FY23 PAT grew by 555% QoQ to INR 41 Mn from INR 6 Mn in Q2FY23

·           In Q3FY23 Marketing cost grew by 10.5% QoQ and 87.3% YoY primarily due to investments in new launches

Commenting on Q3FY23 results, Sanjay Baweja, CEO & MD, OnMobile, said, “Revenue was flat on a sequential basis. According to our strategy, we will continue to invest in marketing to increase our profitability in the long run. The worst is behind us, and CA and ONMO are gaining traction. We are well-positioned to achieve our goal of creating cutting-edge mobile gaming solutions thanks to our targeted execution and continued efforts to digitize our core B2B businesses.”

Asheesh Chatterjee, Global Group CFO, said, “EBITDA saw substantial growth from last quarter, lead by improvement in gross margins on account of revenue mix increasing in favor of CA which has higher margin. We are making good progress in both CA & ONMO and would see CA contributing to profitability and ONMO towards revenue growth in the coming quarters.”

Enlarged Air India Group Continues Progressive Network Optimisation

* Strengthens network with convenient flight options

Air India, India's leading airline and a Star Alliance member, has announced the latest step in its progress optimisation of network following the full subsidiarization of Air Asia India in November 2022.

In this current phase, three stations - Bhubaneswar (BBI), Bagdogra (IXB) and Surat (STV) - will now be served by Air Asia India, rather than Air India. Delhi- Visakhapatnam and Mumbai-Lucknow will be operated exclusively by Air India. In all cases, the flight frequency remains the same.

Additionally, Air India will enhance connections from Delhi and/or Mumbai to Cochin (COK), Trivandrum (TRV), Visakhapatnam (VTZ) and Nagpur (NAG) to enable seamless, two-way domestic-international-connectivity with long-haul international flights operating from the two metros. Air India will also be increasing frequencies between Delhi and Chennai, Hyderabad and Bengaluru, and between Mumbai to Chennai, Kolkata and Bengaluru. These changes in schedule are set to commence from 13th February, 2023.

Commenting on this expansion, Mr. Campbell Wilson, CEO and MD, Air India, said, "The acquisition of Air Asia India, together with the ongoing restructuring and expansion of Air India, accords an unprecedented opportunity to optimise the Group's flight network. Specifically, it allows us to better match routes with the most appropriate airline business model, focusing the full-service airline on metro-metro markets and high connectivity routes, and the low-cost airline on more leisure oriented or price sensitive markets. This will improve our attractiveness to corporate travellers and leisure travellers alike, as well as improve connectivity between key domestic cities and Air India's fast-expanding international network.”

About Air India:

Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a Government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

Vihaan.AI is Air India’s transformational roadmap over five years with clear milestones. It will be focussing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance. The airline will also be taking a leadership position in technology, sustainability, and innovation, while aggressively investing in the best industry talent. Vihaan.AI is aimed at putting Air India on a path to sustained growth, profitability and market leadership.

About the Tata Group:

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture. In 2020-21, the revenue of Tata companies, taken together, was $103 billion (INR 7.7 trillion). These companies collectively employ over 800,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $314 billion (INR 23.4 trillion) as on December 31, 2021. Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Communications, Indian Hotels, Tata Digital and Tata Electronics.

Meta Partners With Ministry of Electronics And Information Technology For The G20 Stay Safe Online Campaign

* Also launches #DigitalSuraksha on Safer Internet Day, with several new initiatives for online safety

Meta today announced its partnership with the Ministry of Electronics and Information Technology (MeitY) for the G20 Stay Safe Online Campaign. As part of the partnership with MeitY, Meta will create and share helpful resources in multiple Indian languages through various channels, to spread awareness on how to stay safe online.

The resources under the G20 Stay Safe Online will cover themes such as tackling online frauds, how to report harmful content, tips to keep yourself safe when interacting online and more. India is at the cusp of becoming a $ trillion digital economy and at the time when India is holding the G20 presidency, this strategic partnership will not only support and equip the existing Internet users but will also be beneficial for the rapidly increasing new Internet users in India.

Speaking on the partnership, Akash Tripathi, CEO, MyGov said, “Under PM Modi’s vision of India’s Techade, we are witnessing rapid digital adoption and with this growth, there is a need to create easy to access tools and resources to protect users from increasing cyber crimes. We, at MeitY, have designed a Stay Safe online campaign in this year of India's G20 Presidency and we are glad that tech companies like Meta are taking a lead in supporting the government’s vision of building an inclusive digital space which is free of severe online threats.”

On Safer Internet Day, Meta has also launched #DigitalSuraksha campaign builds on the company's efforts to offer a safer and inclusive internet to everyone.  The first phase of #DigitalSuraksha includes a partnership with Delhi Police to provide digital literacy to users in Delhi. The current phase of #DigitalSuraksha also includes a slew of measures on enabling digital education and literacy across youth well-being, child safety, tackling misinformation as well as the overall education of users towards various safety tools and resources available across Meta platforms.

Natasha Jog, Head, Public Policy, Instagram and Policy Programs, Facebook India (Meta), said, “The G20 Presidency opens up a great opportunity for India to design and create an ever-inclusive Internet model for the world, and we are excited to partner with the Ministry of Electronic and Information Technology in this endeavor. Creating a $1 trillion digital economy requires an ecosystem that is safe and empowering and we will support the government’s campaign by providing users with education, tools and resources to protect themselves in this rapidly evolving digital world.”

Providing Digital Literacy

Law enforcement agencies are a critical partner in ensuring online safety, under its #DigitalSuraksha campaign Meta will work with the Delhi Police on a 2-month long programme to provide digital literacy to 10,000 students across various schools and colleges in Delhi. Further, Meta and Delhi Police will jointly build resources to educate users about protecting themselves against online/ digital scams. As part of this partnership, Meta will also train Delhi police personnel on Meta’s various safety tools.

The #DigitalSuraksha campaign finds expression through a Digital Nagrik Pledge, which was also launched by Meta today, encouraging people across India to become responsible digital citizens (Nagriks). Built on Meta’s partnership with CBSE to provide Digital Citizenship course to 10 million students and 1 lac teachers, Digital Nagrik Pledge will further support the Indian Government’s objective to ensure an open, safe, trusted and accountable internet. The goal of the program will be to get 1 million people to pledge and to become safe digital citizens over the next one year.

Building Consumer Awareness

Underscoring the critical importance of educating users, Meta has also unpacked a series of consumer awareness initiatives on the tools and resources available for people to stay safe.

Building on the partnership with Delhi Police, for a period of one month, Meta will wrap one train on Delhi Metro’s Yellow line to educate users about safety tools available for them on Meta’s platforms.  Commuters will be redirected to Meta’s safety tools through a QR code.

A new ‘Help protect children. Don’t Share. Don’t Comment. Report.’ campaign was also launched, to prevent the sharing of child sexual abuse material (CSAM) and encouraging people to report such content instead. The campaign will educate users on the harm of sharing CSAM, and the impact it has on the victim and will encourage anyone who sees harmful videos and images of children to protect the victim by reporting it immediately to Facebook. The new campaign builds on the ‘Report it, don’t share it,’ campaign launched by Meta last year.

This year’s theme for Safer Internet Day underlines a crucial aspect of supporting young children by having conversations on life in the online world. With an aim to support and encourage meaningful conversations between parents and children around critical topics like use of social media, mental health and digital wellbeing, Meta has launched UnGap. A series of six episodes, UnGap is a chat show featuring pairings of well-known parents and children that includes actor Sheeba Chaddha and daughter Noor, actor Ahsaas Channa and mother Kulbir Badesron, comedian Abhishek Kumar and father Sundar Baalaji  and entrepreneur Roshan Abbas and daughter Ayatal Abbas, among others.

Additionally, an awareness campaign on ‘tips for tackling misinformation’ was also launched with Yuvaa, through short videos. Available in Hinglish, 15-second campaign videos will feature six simple tips and tricks on tackling and identifying misinformation.

Meta will continue to add more initiatives to the #DigitalSuraksha campaign over the year. These will be geared towards reaching a larger set of users by educating them, creating more awareness and advancing India’s agenda of digital inclusion and growth.

About Meta Platforms

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.