Godrej & Boyce Appoints Dev Sarkar As Head Of Godrej Interio’s Consumer Business

Godrej & Boyce, the flagship company of the Godrej Group announced that it had appointed marketing veteran Dr. Dev Sarkar to lead the next phase of growth in Godrej Interio’s retail and consumer business.

Godrej Interio, a business of Godrej & Boyce, is India’s leading end-to-end furniture solutions brand that operates in the home and institutional segments.

With over 20 years of experience, Dr. Sarkar served as Director, Sales and Marketing – Beverages for India, Nepal, Bhutan, Sri Lanka and Bangladesh at PepsiCo prior to joining Godrej & Boyce.  He has also worked with several other leading global and national brands.

Commenting on the appointment, Nyrika Holkar, Executive Director, Godrej & Boyce said, “We are excited to have Dev join the team. With his vast knowledge of working with consumer-led brands, we believe Dev can help drive profitable growth in a sustainable manner for Godrej Interio by catering to the evolving needs of retail consumers”.

Swapneel Nagarkar, Business head, Godrej Interio said: “To further expand our customer base in FY24, we will continue to strengthen our customer connect by investing in R&D and engineering capability to provide a range of furniture and furnishing solutions suited to the needs of Indian homeowners.”

With revenues of around Rs 3,000 crore, Godrej Interio is also focused on expanding its global footprint by exporting to specific markets across the world. Aside from its consumer and institutional business, it also has a growing projects business that handles turnkey interior projects for offices and institution. Couple of their recent projects have been for organisations like Mumbai Metro Rail and Cochin Airport.

About Godrej Interio:

Godrej Interio is India’s leading premium furniture brand in both home and institutional segments with a strong commitment to sustainability and centers of excellence in design, manufacturing and retail.

Led by the largest in-house design team in the country in the furniture category and awarded with 34 India Design Mark Awards till date, GODREJ INTERIO aims to transform spaces with its thoughtfully designed furniture to create brighter homes and offices with products that have the highest design quotient in aesthetics, functionality, and technology. With consistent pursuit of excellence and a special focus on health and ergonomics, GODREJ INTERIO’s product portfolio comprises of a wide range of solutions.

Today, Godrej design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories and more. Along with furniture, the company offers Audio Visual and 360 Degree Turnkey solutions. Each of our product range revolves around comfort and aesthetics while delivering well-designed, long lasting, and functional furniture solutions. In short, Godrej Interio helps the consumers to make every space the perfect setting for their myriad moods and moments.

Currently present in over 450 cities with 450 exclusive showrooms and 520 dealer outlets, is one of the largest divisions of Godrej & Boyce Mfg. Co. Ltd., part of the Godrej Group, one of India's largest engineering and customer product groups.

Godrej Interio has 7 manufacturing facilities situated at Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GODREJ INTERIO is widely known for its comprehensive sustainability certifications for its products in furniture category

Toyota Kirloskar Motor Announces Prices of Top Grades of The New Innova Crysta

Highlights

Powered by 2.4L Diesel Engine with a 5 speed Manual Transmission with Eco and power drive modes.

Safety features include  7 SRS Airbags, Front and Rear Parking Sensors, Vehicle Stability Control and Hill-Start Assist Control, Anti-Lock Braking System (ABS), Electronic Brakeforce Distribution ( EBD) and Brake Assist (BA), 3-point Seatbelt and Headrest for improved safety.

Enhanced passenger comfort with Rear Auto AC with Digital Display, 8-Way Power Adjust Driver Seat, Smart Entry System, Seat Back Table, TFT MID with detailed Drive Information, Leather Seat Color Options( Black & Camel Tan), Ambient illumination and One Touch Tumble Second Row Seats.

Smart Playcast 8’’touchscreen audio with Android Auto/Apple Carplay is available for a richer multimedia experience.

Toyota Kirloskar Motor (TKM) today announced the prices of top two grades (ZX & VX) of the New Innova Crysta. The vehicle comes with an enhanced front fascia that has been designed keeping in mind the specific preferences for a rugged and robust appearance, thereby meeting the requirements of Indian families, Businessmen and Corporates.

The iconic MPV has been a leader in its segment since its introduction in India in 2005, having sold over one million units till date. The vehicle has received an overwhelming response since bookings commenced earlier this year.

Speaking on the occasion, Mr Atul Sood, Vice President, Sales and Strategic Marketing, Toyota Kirloskar Motor, said, "We are happy to announce the pricing of top two grades of the New Innova Crysta Diesel, a vehicle which has been much appreciated in all its new avatars. With its tough and rugged front fascia, and a perfect blend of style, comfort, and performance, the New Innova Crysta is sure to carry forward the legacy of the renowned Innova. The vehicle boasts of advanced safety features that ensure utmost safety of passengers and we are confident that our customers will appreciate and enjoy the enhanced driving experience offered by this vehicle.”

The New Innova Crysta is available for bookings for Rs 50,000/-. Customers can now book at the dealer outlets as well as online on www.toyotabharat.com. The New Innova Crysta is available for bookings in four grades G, GX, VX & ZX and in five colors – Super White, Attitude Black Mica, Avant-Garde Bronze Metallic, Platinum White Pearl and Silver Metallic.

Kotak Mahindra Bank Standalone PAT For FY23 Rs 10,939 Crore, Up 28% YoY Q4FY23 Rs 3,496 Crore, Up 26% YoY

* Consolidated PAT for FY23 ?14,925 crore, up 23% YoY Q4FY23 Rs 4,566 crore, up 17% YoY

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2023, at the Board meeting held in Mumbai,

Kotak Mahindra Bank standalone results

 The Bank’s PAT for FY23 increased to Rs 10,939 crore from Rs 8,573 crore in FY22, up 28% YoY and for Q4FY23 stood at Rs 3,496 crore, up 26% YoY from Rs 2,767 crore in Q4FY22.

Net Interest Income (NII) for FY23 increased to Rs 21,552 crore, from Rs 16,818 crore in FY22, up 28% YoY and for Q4FY23 increased to Rs 6,103 crore, from Rs 4,521 crore in Q4FY22, up 35% YoY. Net Interest Margin (NIM) was 5.33% for FY23 and 5.75% for Q4FY23.

Fees and services for FY23 increased to Rs 6,790 crore from Rs 5,413 crore in FY22, up 25% YoY and for Q4FY23 increased to Rs 1,928 crore from Rs 1,575 crore in Q4FY22 , up 22% YoY.

Operating profit for FY23 increased to Rs 14,848 crore from Rs 12,051 crore, up 23% YoY and for Q4FY23 was Rs 4,647 crore, up 39% YoY (Q4FY22: Rs 3,340 crore).

Net customer additions in Q4FY23 was 2.2 mn. Customers as at March 31, 2023 were 41.2 mn (32.7 mn as at March 31, 2022).

Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 19% YoY to Rs  3,52,652 crore as at March 31, 2023 from Rs 2,95,273 crore as at March 31, 2022. Net Advances increased by over 18% to ? 3,19,861 crore as at March 31, 2023 fromRs 2,71,254 crore as at March 31, 2022.

CASA ratio as at March 31, 2023 stood at 52.8%.

As at March 31, 2023, GNPA was 1.78% & NNPA was 0.37% (GNPA was 2.34% & NNPA was 0.64% at March 31, 2022). Credit cost on net advances for Q4FY23 was 24 bps (annualised) (including standard provisioning; excluding reversal of COVID & restructuring). The provision coverage ratio stood at 79.3%.

Capital Adequacy Ratio of the Bank, as at March 31, 2023 was 21.8% and CET I ratio of 20.6%.

The Board of Directors of the Bank has recommended dividend of Rs 1.50 per equity share having face value of Rs 5, for the year ended March 31, 2023, subject to approval of shareholders.

Consolidated results at a glance

 Consolidated PAT for FY23 increased to Rs 14,925 crore from Rs 12,089 crore in FY22, up 23% YoY and for Q4FY23 was Rs 4,566 crore, up 17% YoY from Rs 3,892 crore in Q4FY22.

HOSMAT Giant Leap Dialysis Centre At Magrath Road & CATH Lab At Kalyan Nagar Unit

HOSMAT announced dialysis centre at Magrath Road facility & Cath lab at Kalyan Nagar facility. Magrath road facility is the lead hospital In the HOSMAT group.

After the Launch of their first dialysis centre at HOSMAT Hospital Kalyan Nagar in February this year, HOSMAT now launches Dialysis centre in their Magrath Road Hospital: Speaking on this occasion Dr Sunil Nephrologist at HOSMAT who will head the centre said, Each dialysis session lasts for 4-5 hours depending on the need of the patient hence each day we can serve 25 sessions of dialysis. Due to non-availability of dialysis services in HOSMAT several patients who come here for orthopaedic surgeries and Road traffic accidents were being referred out for treatment.With addition of dialysis services HOSMAT will now cater to patients requiring regular OPD haemodialysis as well as patients who come here for other treatments requiring dialysis as a support service. Patients who undergo dialysis require ongoing medical supervision and support to manage their condition effectively. It is important for dialysis patients to take an active role in their treatment, follow a healthy lifestyle, and work closely with your healthcare team to achieve the best possible outcomes.

As we all know Cardiac Catheterization Lab also commonly known as Cath Lab is majorly used for elective as well as emergency diagnosis and treatment of Heart Attack, other non-cardiac vascular intervention slike Cerebral angiograms , acute stroke interventions ,Uterine artery embolization  ( non-surgical treatment for fibroid uterus ) , Prostatic artery embolization ( Non-surgical treatment for enlarged prostate ) and several other procedures can also be done using a Cath Lab, speaking on this occasion Dr Tahsin Neduvanchery who is a interventional cardiologist who also specialized in performing other non-cardiac interventions and Chairman of KarunysHrudalaya ( KH ) group with Whom HOSMAT has partnered for running the cardiology services    said, “ This is the 10th Cath Lab KH group has started in last Two and Half Years”. Dr Tahsin while answering to a question:Is another Cath lab in Bangalore really required? said the cardiovascular diseases in India are on the rise and with The huge traffic problem Bangalore faces, in an emergency situation it becomes very difficult for a patient to reach the Cath lab hence in a city like Bangalore a Cath lab is must for every 5 KM

HOSMAT ventured into healthcare services with the mission to offer world-class Healthcare services in 1993 with an emphasis on quality, efficiency, and reliability, HOSMAT Hospitals have set high standards based on these parameters with three tertiary care Specialty hospitals. The most advanced hi- tech hospital was launched at Kalyan Nagar, Bengaluru, with 100 beads equipped with state-of-the-art medical technology. From a courageous start as one of Bengaluru’s First Private Trauma and orthopaedic Hospitals, we have grown to become one of the most recognized and trusted household names in the healthcare sector today.  Our Fully Loaded Cardiac and Vascular Cath Lab was much needed and a long pending one for the people in and around Kalyan Nagar. Speaking on the occasion Chairman Dr Thomas Chandy said, “Our expertise is in treatment of Trauma,orthopaedic, Neuro and Spine, Sports Injuries and Plastic Surgery we have partnered with KarunyaHrudalaya who are experts in Cardiac Sciences for running our Cardiology services to give best outcomes to patients at an affordable cost”.

Reliance General Insurance Now Offering “insurance Protection To Swiggy’s Delivery Partners”

* Covers health insurance, personal accident and accidental death, and mobile phone damages 

Reliance General Insurance, one of India’s leading Private General Insurance Companies, announced that it has partnered with Swiggy, India’s leading on-demand convenience delivery platform to cover its Delivery Partners with a tailored Insurance Protection plan. Reliance General Insurance is providing a unique health insurance product along with personal accident and mobile phone insurance coverage to Swiggy’s fleet of 3 lakh delivery partners across the country through Gallagher Insurance Brokers Pvt. Ltd.  

The insurance coverages offered by Reliance General Insurance come loaded with several essential benefits. With the Group Mediclaim policy, Swiggy’s delivery partners can avail OPD treatment, medical hospitalization, maternity cover, and many more benefits as per the eligibility criteria of the master policy. Under the Group Personal Accident policy, the delivery partners will be covered in the unfortunate event of accidental death and accidental permanent partial disablement. In the case of accidental temporary total disablement, the insured partner will receive a loss of pay benefit during recovery.  

For a delivery partner, his/her mobile phone is the most important device used constantly throughout the delivery journey. To enhance the financial protection of the delivery partners, Reliance General Insurance is also providing coverage for damage to mobile phones due to an accident.  

Excited about the initiative, Anand Singhi, Chief Distribution Officer, Reliance General Insurance, said, “We are proud to have associated with Swiggy and Gallagher to offer insurance protection to the delivery partners. The delivery partners represent India’s fast-growing gig economy. We jointly recognized the need for a robust insurance product for the gig workers and developed just that together. Our insurance coverage ensures gig workers’ financial protection and increases their propensity to avail timely healthcare. This will further help pave the way for a healthier population that is vital to our country’s long-term prosperity.”   

“The safety and well-being of our delivery partners is at the front and center for Swiggy. Swiggy was one of the first platforms to offer a well-rounded insurance product spanning accident and hospitalization, Covid and other illnesses, maternity cover, paid recovery time-off, and mobile insurance to name a few. To continue these industry-best benefits, we have now partnered with Reliance General Insurance so our partners know that Swiggy will always have their backs,” said Kedar Gokhale, VP of Operations, Swiggy. 

Yashesh Sampat, Head - Affinity & Association, Gallagher Insurance Brokers Pvt. Ltd., said, “We are immensely proud of our association with Reliance General Insurance and Swiggy in providing insurance coverage to gig workers. We are sure this product will protect the gig workers’ financial liability on account of healthcare costs, and in case of any damage to mobile phone and devices. The aim is to introduce the concept of insurance for delivery partners that will positively impact their lives and support their livelihood. The simplicity of the product and easy access to claims service, the technology platform will help them to experience insurance in the best possible way.”  

Boats sail In High Spirits As Meghalaya Inaugurates The First “Northeast Regatta At Pristine Umiam Watersports Complex”

~ The first Northeast Regatta was inaugurated by Bah Paul Lyngdoh, Minister of Tourism, Meghalaya in a befitting opening ceremony~ 

~ 100+ participants from over 10 states across India, 12 clubs are participating in this 5-day regatta ~ 

~ 5 days will have headlining performances and thrilling concert by acclaimed International and National artists ~ 

Meghalaya Tourism Department, in collaboration with Umiam Sailing Club and Yacht Association of India set sails for the first exciting Northeast Regatta along with a thrilling concert extravaganza at the picturesque and pristine Umiam Watersports Complex. The grand inauguration was presided by Bah Paul Lyngdoh, Minister of Tourism, Meghalaya. The event is set to witness 100+ participants from over 10 states across India, that includes 12 clubs during this 5-day racing spectacle. Teams from Indian Army and Naval Services are also actively taking part.  

Speaking at the inaugural ceremony, Bah Paul Lyngdoh, Minister of Tourism, Meghalaya, stated, “The Beauty of Meghalaya must be honoured, and through the efforts of the Department of Tourism, Government of Meghalaya, the focus has been on creating unique initiatives that can build sustainable access to Meghalaya for its admirers around the world. Tourism has the potential to feed every family in Meghalaya. It’s a huge leap forward for Meghalaya. We not only have national talents but capable of producing international talents in this particular sport. Meghalaya aspires to host massive national level water sports event in the years to come. Such an event of this stature will motivate our young generation to excel in this sport. He also praised the Tourism Department for it’s infectious energy that would propel Meghalaya to the next level.” 

The regatta would witness exciting boat races along with electrifying music concerts on April 29 and 30, featuring a diverse lineup of local, national, and international artistes to make it a high-octane event. With nature in bounty, there are nature excursions, food and flea markets, a tour package for sailors and tourists, paintball, camping spots, and the introduction of river cruise boats at picturesque Umiam.  

The concert will feature thrilling K-Pop artiste Kim Woojin from South Korea as the headliner, while Day 2 will showcase Delhi-based band Twin Strings as the headlining act. Some other equally brilliant and diverse artistes like Lynx, Ricaa Stella, Banrap, Rum & Monkeys, LB3, Young Natee, Larger Than 90, and DJ Favian are also lined up. 

The opening ceremony was also graced by Titosstarwell Chyne, Chief Executive Officer, Khasi Hills Autonomous District Council, L.R Bishnoi, Director General of Police, Dr. Vijay Kumar D, Commissioner and Secretary, Govt. of Meghalaya, Cyril V Diengdoh, Director of Tourism and Lt. Col. Alok Yadav, Technical Director, Umiam Sailing Club. 

Renault KIGER Launches Enhanced Range of Kiger Across India

* Renault KIGER enhances its strong value proposition with a tailored approach towards hatchback upgraders and SUV intenders 

* Renault KIGER further enhances its strong value proposition for customers making it more competitive and attractive 

* RXT(O) equipped with strong features such as 16” Diamond cut Alloy Wheels, 8” touchscreen with wireless smart phone replication, LED Head and tail lamps and a renewed price tag of INR 7.99 lacs. KIGER proposition is unmatched in the market and will ensure KIGER allures more hatchback upgraders and first time SUV buyers 

* For SUV intender customer base, our most popular variant RXZ gets the best offers underlining its already strong value proposition 

* Safety as priority. As part of the Human First Program launched alongside BSVI Step 2 transition, following features were made standard in all Renault models at all variant levels.  

Electronic Stability Programme (ESP) 

Hill Start Assist (HSA) 

Traction Control System (TCS) 

Tyre Pressure Monitoring System (TPMS) 

* Awarded with 4-Star Safety Rating for Adult Occupant Safety by Global NCAP 

Renault, the leading European brand in India, has refreshed KIGER’s variant portfolio with enhance value proposition, now offering KIGER RXT (O) MT variant at an attractive pricing of INR 7.99 lacs with class leading features like 8” touchscreen with wireless connectivity, LED Head lamps, Alloy Wheels & High Center Console and a whole gamut of features offering enhanced driving experience. The company has also launched best ever offers on RXZ version which includes benefits up to INR 10,000 cash, INR 20,000 under exchange, corporate benefits up to INR 12,000 and loyalty benefits up to INR 49,000. 

According to Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations, “Renault India remains committed to deliver world-class products and services that meet the evolving needs of our customers. With the introduction of enhanced range of Renault KIGER, we are thrilled to offer our customers a perfect blend of style, performance, along with safety. As per our global commitment to human first program, we are committed to expand our product reach by democratising next gen technology therefore, we have ensured that the KIGER is priced competitively, at the same time equipped with enhance value in terms of the safety, quality and features. In addition, we have also introduced attractive offers and financing options, to make the ownership experience of our customers even more delightful. We are confident that the new enhanced range of Renault KIGER will exceed the expectations of our customers and reinforce our position as a trusted brand in the automotive industry.” 

Renault KIGER Portfolio Now Boasts Of Innovative And Class Leading Safety Features which includes: - 

Electronic Stability Program (ESP) – Curvy roads can test the skills of an amateur driver & even challenge the experienced ones. To keep the car stable through twists & turns of curvy roads, Renault KIGER range now comes with an in-built electronic stability program. Its helps you maintain control of the direction and prevents rollovers or crashes. 

Hill Start Assist (HSA) – The feature in Renault KIGER prevents car from rolling back as you release the brakes to move uphill after a halt. 

Traction Control System (TCS) – While the slippery areas serve as accident hotspots and could result in drifting, the traction control system works a step ahead by recognising irregular wheel speed and automatically reducing the spins to maintain its grip on the road. 

Tyre Pressure Monitoring System (TPMS) – The tyre pressure monitors in the KIGER range alerts in real time if any of the car’s tyres are under-inflated. 

Renault KIGER, an outcome of a collaboration between the design teams in France and India, has been instrumental in driving India among Renault’s top five global markets. Powered by world-class 1.0L Turbo petrol & 1.0L Energy Petrol engine, Renault KIGER offers enhanced driving experience and comfort with X-Tronic CVT & 5 Speed Easy-R AMT transmission. Renault KIGER is one of the most affordable offerings in the compact SUV segment with cost-effective maintenance. Renault KIGER has been recognized with multiple awards in the compact SUV category, highlighting its success in the Indian market. Powered by a world-class turbocharged 1.0L petrol engine, it not only offers more performance and a sporty drive, but also boasts best-in-segment fuel efficiency of 20.62 KM/L. 

Renault KIGER has also been awarded with the 4-Star Safety Rating for Adult occupant safety by Global NCAP, the foremost global car assessment programme. For driver & front passenger safety, the Renault KIGER comes equipped with four airbags – front and side along with seatbelts with pre-tensioner and load-limiter (for driver occupant). Additionally, Renault KIGER also features an impact sensing door unlock, speed sending door lock, 60/40 split rear row seat with adjustable headrests, and ISOFIX anchorage for child seat. 

Renault KIGER has also bagged at least 10 awards including the coveted Autocar India Compact SUV of the Year 2022, C&B Sub-Compact SUV of the Year 2022, and TopGear Compact SUV of the Year 2022.