Friday, June 23, 2023

Joyalukkas Unveils ‘Sita Kalyanam’ - An Epic Bridal Collection Inspired By A Celestial Love


The world’s favourite jeweller, Joyalukkas is renowned globally for creating timeless jewellery for every occasion and all kinds of jewellery aficionados. The brand is known for their impeccable quality and an inimitable sense of aesthetic styles. Their flair for consistently attaining a fine balance between tradition and trend is incomparable.  

The latest launch from Joyalukkas truly manifests the eternal allure of traditional temple jewellery in the most exquisite fashion. Sita Kalyanam Bridal Collection is a glorious tribute to the everlasting bond of love and devotion immortalized in the epic Ramayana. It is a magnificent celebration of the celestial union of Lord Rama and his soulmate Sita.  

The painstakingly crafted exquisite ornaments in the Sita Kalyanam Bridal Collection truly capture the finest nuances of traditional temple jewellery. Each majestic piece is designed to be an integral part of a bride’s trousseau. Made by specialized craftsmen, the Sita Kalyanam Bridal Collection is the epitome of meticulous workmanship and uncompromising attention to detail for achieving a flawless finish. 

Speaking on the occasion of the launch, Joy Alukkas, Chairman & MD, Joyalukkas Group, said, “We are celebrating our rich heritage and paying tribute to the mythical divinity of one of the world’s epic bonds of love with the Sita Kalyanam Bridal Collection. This unique collection is designed for today’s modern bride who cherishes traditional Indian values. At Joyalukkas we always strive to create jewellery that exemplifies style and signifies superior value. The Sita Kalyanam Bridal Collection is inspired by this philosophy which has enabled us to be the world’s favourite jeweller.”  

The Sita Kalyanam Bridal collection will be available at all Joyalukkas showrooms across India. This range features a wide range of choices for brides to pick from. 

P&G Whisper & UNESCO Collaborates To Launch Menstrual Health And Hygiene Campaign In Bengaluru


1 out of 5 girls in India drop out of school due to lack of period education and products. Mothers are a girl’s first teacher, but reports say 7 out of 10 mothers do not fully understand the science of periods and find it ‘dirty or impure’. Whisper, over the last 30 years, have been driving menstrual education, distributing free pads, and debunking period related myths and taboos. They have educated and given pads to more than 10 crore girls and mothers in India.

To address menstrual education and hygiene management further, P&G Whisper and UNESCO India joined forces with Gender Equality and Integrated Holistic Health working groups of C20 India at Amrita Vishwa Vidyapeetham’s Bengaluru campus with the support of Omnex to raise awareness, particularly among women, including young girls attending school. An event was organized introducing five teaching-learning modules developed by UNESCO India with Whisper, these modules are tools to drive menstrual health and hygiene management for educators, young adults, persons with disability, with focus on gender, and nutrition.

Titled "Spotlight Red," the teaching-learning modules offer comprehensive resources and strategies for learners, educators, menstruators, and community leaders. Their purpose is to enhance understanding and skills related to menstruation management while fostering awareness about its societal impact. The modules aim to empower adolescents from diverse backgrounds, including girls with disabilities, by providing them with access to period and puberty education. Moreover, they seek to create a supportive environment through interventions at the school, state, and national levels, enabling these adolescents to continue their education.

P&G Whisper and UNESCO India also launched a National Survey and Gap Analysis report on Menstrual Health and Hygiene Management under the #KeepGirlsinSchool campaign. The report revealed that in poor urban areas, 50% of adolescent girls (aged 15 to 19) lack access to hygienic methods for managing their periods. More than 220 people attended the event, including girl students, teachers from various schools in Hyderabad, along with civil society organizations.

Distinguished guests attending the launch included Chief Guest Mrs. B. B. Cauvery, IAS, State Project Director, Samagra Shikshana Karnataka; Mrs. Rupali Ganguli, Indian Television, Actress; Dr. Akkai Padmashali, Transgender rights activist; Dr. Huma Masood, Senior Gender Specialist, UNESCO India; Ms. Kruti Desai, Communications Head, Whisper, Procter and Gamble India; Dr Manoj P., Dean, School of Business, Campus Director, Amrita Vishwa Vidyapeetham, Bengaluru, Dr. Sriram Devanathan, Principal, School of Engineering, Amrita Vishwa Vidyapeetham, Bengaluru

Actress Rupali Ganguly who was present to support the Whisper’s Keep Girls in School campaign said, “Today, 1 in 5 girls drop out of school due to a lack of menstruation education and products. Shockingly, 70% of girls are unaware of periods when they first experience them. Even mothers who are girl’s closest friends, teachers, lack knowledge about the science of periods. I take immense pride in collaborating with Whisper and UNESCO to unveil inclusive and exhaustive teaching modules. All of us can be changemakers and contribute in our own small ways to ensure that the daughters of this country can attend school and experience their first period without confusion or embarrassment. They should be able to live, play, and study with confidence and comfort. I am glad that I got the chance to spread awareness about menstrual hygiene and health and be the changemaker.”

Chief Guest Mrs. B. B. Cauvery, IAS, State Project Director, Samagra Shikshana Karnataka, said, “Menstrual health and hygiene management is a crucial topic that demands our attention. Cultural practices that ostracize women and perpetuate discrimination must be challenged. We need to empower girls, break barriers, and provide clean facilities in schools. Access to sanitary pads and clean water is essential. Let's prioritize nutrition and address the societal factors that lead to school dropouts and child marriages. We must unite and include all children, including transgender and those with special needs. Collaboration with knowledge partners is vital, and we need to break the silence and remove the taboo surrounding menstruation. Acceptance and equality should be embraced by all. Together, we can create a society where everyone is treated with dignity and respect.”

Dr. Huma Masood, Gender Specialist at UNESCO New Delhi Multisectoral Regional Office, stated, “Spotlight Red – A UNESCO and P&G Whisper initiative, #KeepGirlsinSchool, is a comprehensive approach to address the urgent need for menstrual health and hygiene management in schools. With 23 million girls dropping out annually due to lack of proper facilities and information, we combine education and advocacy to empower every learner and menstruator."

During the event, UNESCO showcased a comprehensive survey and gap analysis report, accompanied by a series of short films that effectively portrayed different dimensions of Menstrual Health and Hygiene Management. These films shed light on the diverse experiences and perspectives related to this vital subject matter, spanning across seven states in India. To further break down barriers and eliminate stigma surrounding periods, an empowering "Pride of Period Anthem" was also presented, fostering a more promising and inclusive future for all individuals who menstruate.

AdaniConneX Seals The Largest Data Center Financing Deal In India With A USD 213 Mn Construction Financing Facility


* The ground-breaking transaction paves the way for implementation of sustainable digital infrastructure platform with pan-India roll-out

Editor’s Synopsis

·         AdaniConneX, a 50:50 JV between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has executed a USD 213 Mn senior debt facility with participation from international banks to finance its under-construction data center portfolio of 67 MW in Noida and Chennai.

·         The financing embarks on AdaniConneX capital management plan to deliver the critical digital infrastructure to empower Digital India with 1 GW of data center capacity by 2030.

·         Adani’s expertise in full-stack energy management, renewable power, and project development, combined with EdgeConneX extensive data center expertise and industry-leading technology solutions, is set to bring a digital revolution in the sector.

AdaniConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising USD 213 Mn for its under-construction data center asset portfolio. The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes ‘Chennai 1’ campus with Phase 1 of 17 MW and Noida campus of 50 MW.

India is one of the fastest-growing data center markets in the world, and as per CRISIL estimates the data center capacity in India is expected to double from ~870 MW in FY22 to 1700-1800 MW by FY25. To address the growing need for reliable IT infrastructure, AdaniConneX is investing capital with a mission to build a 1 GW Green Data Center platform, enabled by hyperscale to hyperlocal data center investments across the country.

The Platform Infrastructure Financing finalized through the Framework Agreement with international lenders shall institutionalize the development agenda for AdaniConneX. ING Bank N.V., Mizuho Bank, Ltd., MUFG Bank, Ltd., Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation have committed to the facility. The access to the wide pool of liquidity strengthens AdaniConneX strategy to fast-track the implementation of the under-construction asset portfolio in sync with accelerating demand.

“The construction facility is the key ingredient of AdaniConneX capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data center capacity of 1 GW by 2030,” said Mr Jeyakumar Janakaraj, CEO of AdaniConneX. “The achievement marks a significant milestone in developing this transformative initiative, which is set to revolutionize the digital infrastructure in India.”

“We are committed to delivering a pan-India Data Center platform,” said Mr. Anil Sardana, Director of AdaniConneX (Adani representative on the board). “The facility shall encourage overall implementation philosophy to power the digital infrastructure by delivering clean and long-term renewable energy solutions aiming toward a carbon-neutral footprint. EdgeConneX extensive data center expertise and industry-leading technology solutions combined with Adani’s expertise in full-stack energy management, renewable power, and project development are set to transform the sector.” 

“We welcome the banking partners through their participation with AdaniConneX. We are excited about our overall journey with Adani in India that has started with a robust implementation plan and a tremendous customer pipeline that will quickly establish AdaniConneX as the leading digital infrastructure platform for all of India. Leveraging Adani’s proven infrastructure experience and EdgeConneX data center record, we are keen to play an integral and pivotal role - bringing in a digital revolution,” said Edmund Wilson, Director – AdaniConneX (Chief Operating Officer and Co-Founder, EdgeConneX).

The construction facility finances two data center projects in Chennai (Tamil Nadu) and Noida (Uttar Pradesh), with customized enterprise colocation offerings and hyperscale solutions. The ‘Chennai 1’ campus with ‘Phase 1’ 17 MW data center capacity is Tamil Nadu’s first pre-certified IGBC[1] Platinum Rated data center providing customized colocation solutions to enterprise segment. The under-construction Noida campus is being implemented with a 50 MW capacity to support strategic expansion needs of hyperscale customers in India.

ING Bank N.V., Mizuho Bank Ltd., MUFG Bank Ltd., Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation acted as Mandated Lead Arranger, Bookrunner (MLAB). Among other partners, Allen & Overy and Saraf & Partners were the borrower’s counsels. The lenders’ counsels were Clifford Chance and Cyril Amarchand Mangaldas.

About AdaniConneX Limited:

AdaniConneX, a 50:50 JV between Adani Enterprises and EdgeConneX, was founded with a vision to redefine the data center landscape in India. AdaniConneX envisions to build an environmentally and socially conscious 1GW data center infrastructure platform by leveraging the complementary capacity of the Adani Group, India’s largest infrastructure player, and EdgeConneX, one of the largest private data center operators. In a land of innovators, data center solutions need to be ahead to accelerate ambition and AdaniConneX mirrors this vision of Digital India.

Aditya Birla Sun Life Insurance Launches New Guaranteed Pension Plan - ABSLI Nishchit Pension Plan


-     The plan enables the policyholders to accumulate a 100% guaranteed corpus for their retirement

-     Offers accrued guaranteed additions during the policy term and loyalty addition at the end of the policy term

-     Provides flexibility to defer the Vesting Benefit by up to 10 years.

Aditya Birla Sun Life Insurance Company Limited (“ABSLI”), the life insurance subsidiary of Aditya Birla Capital Limited (“ABCL”), announces the launch of a comprehensive retirement solution ABSLI Nishchit Pension Plan. It is a Non-linked, Non-Participating Individual Pension Plan that enables the policyholders to plan for their retirement. The plan helps in accumulating a 100% guaranteed corpus, this corpus can be used to secure an uninterrupted income throughout the golden years.

ABSLI Nishchit Pension Plan provides utmost simplicity and flexibility. This plan offers accrued guaranteed additions during the policy term and loyalty addition at the end of the policy term, provided the policy is in-force and all due premiums have been paid. Under this plan, the policyholders will be able to accumulate 100% guaranteed corpus at desired retirement age and will get to be a benefactor of uninterrupted guaranteed income, post their retirement. The plan also provides the flexibility to defer Vesting Benefit by up to 10 years.

Commenting on the launch of ABSLI Nishchit Pension Plan, Mr. Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “As our country continues to witness robust growth, it’s only natural that the life expectancy will continue to improve, that’s where the role of pension plans become crucial. Our newest offering, ABSLI Nishchit Pension Plan entails an optimal blend of simplicity & flexibility. It nudges the policyholder to inculcate the habit of disciplined savings in their lifestyle and empowers them to make their retirement more financially secured. We believe in providing our customers with the tool and support to protect their financial needs and ABSLI Nishchit Pension Plan is a testament to our commitment.”

ABSLI Nishchit Pension Plan enables the policyholders to customise their plans according to their retirement goals, in that, it provides flexible PPT (Premium Payment Term) & PT (Policy Term) options.

Policyholders can choose from multiple premium payment term options, ranging from 5, 6, 8, 10, 12 years & Regular Pay options.    

The maximum entry age to avail ABSLI Nishchit Pension Plan is 65 years, while the minimum entry age is 30 years. The minimum annualized premium is Rs. 20,000. The maximum age to avail the vesting benefit is 75 years, while the minimum vesting age is 45 years.

The plan also offers Life Insurance cover throughout the Policy Term. In case of an unfortunate circumstance, the plan provides a lump sum Death Benefit to the Nominee(s)/heir(s), provided that the policy is In-force.

Lam Research Unveils Plans To Advance India's Semiconductor Workforce Development Goals At White House Today


* Launches Semiverse™ Solutions to Connect the Virtual and Physical Semiconductor Fabrication Worlds and help the Industry Tackle its Greatest Challenges

Semiconductor technology is critical in enabling a global digital economy. With device complexity on the rise, advanced technology scaling is harder than ever. It means finding new ways to accelerate innovation, at lower cost, across a globally distributed industry, all while reducing the industry's environmental impact. To overcome these challenges, a new paradigm must be embraced: A physical and virtual connected semiconductor ecosystem that will enable labs and fabs to unleash the power of innovation for a better world.

Today, Lam Research Corp. (Nasdaq: LRCX) made multiple announcements to usher in a new era of collaborative innovation, taking a leadership role in the creation of a virtual nano fabrication environment intended to significantly speed up and reduce the cost of industry breakthroughs:

In a significant stride forward in the creation of a physical-virtual semiconductor ecosystem, Lam unveiled its newly formed Semiverse Solutions business unit led by Corporate Vice President David Fried. Semiverse Solutions leverage Lam's significant expertise in the areas of software development, simulation and modeling, data systems and advanced analytics. The organization will focus on delivering breakthrough solutions and services to enable a virtual fabrication environment for the semiconductor industry.

The Semiverse Solutions portfolio is comprised of advanced software platforms to solve process modeling, design automation, and integration challenges. Also included are solutions to enable advanced plasma, fluid, electromagnetic and particle simulations. Together, they provide "building blocks" to create and foster an interconnected ecosystem of virtual tools and digital twins, allowing researchers to explore promising ideas and refine new processes more rapidly, at significantly lower cost, and with less physical materials usage.

Lam has also announced its proposal to put the virtual-physical ecosystem in action to tackle one of the biggest issues in the semiconductor industry today – developing the pipeline of future semiconductor talent. Announced as part of a JOINT STATEMENT and FACT SHEET issued by governments of the United States and India at the White House today, Lam Research's Semiverse Solutions with SEMulator3D® will deliver a virtual nano fabrication environment to help train the next generation of semiconductor engineers in India. Combined with program management and course curriculum customization, this program is targeted to educate up to 60,000 Indian engineers in nanotechnologies, over a ten-year period, in support of India's semiconductor education and workforce development goals.

"The role semiconductors play in enabling everything from artificial intelligence to electric vehicles is fueling a greater need for nanotechnology expertise around the world. We look forward to working with the government of India in support of their goal to fast track the education and training of the next generation of semiconductor engineers," said Lam Research President and CEO Tim Archer.

Closing the Semiconductor Talent Gap in India and Around the World

The semiconductor industry faces a major talent shortage to meet anticipated future demand. Educating future semiconductor engineers is even more daunting as it is cost-prohibitive for academic institutions to provide physical access to the most advanced nanotechnologies. In addition, experimenting with volatile chemistries critical in the development and creation of semiconductors can be dangerous for students as they learn to work with semiconductor manufacturing equipment. Simulating real-world labs virtually provides greater democratization of engineering skills training, heightened safety, improved sustainability, and greater access to new talent pools around the world. Virtual skills training with the Semiverse Solutions portfolio is already in use by Lam, its customers, and partner academic institutions in the United States.

"Lam's Semiverse Solutions portfolio is a gamechanger that provides a foundation to create a virtual semiconductor innovation universe," says Fried. "As the semiconductor ecosystem races to scale to address the criticality of chips, the virtual-physical fabrication world made possible with Semiverse Solutions opens the door for exciting new opportunities for collaboration, workforce development and advanced technology breakthroughs."

About Lam Research

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com.

DCB Bank Goes Live On New Income Tax Collection Portal (TIN 2.0)


~ Taxpayers will now get a single platform for tax payments and e-filing of tax returns ~

DCB Bank, a new-generation private sector bank, today announced          that it had successfully implemented a new Direct Tax collection system integrated with the Government of India Income Tax Portal (TIN 2.0). This integration will provide taxpayers with a convenient single platform for both tax payments and e-filing of tax returns.

DCB Bank customers can seamlessly make Direct Tax payments through three primary channels – personal and business internet banking or visiting a DCB Bank branch and availing of payment options such as cash, cheque or demand draft.

Customers can use the tax collection platform by creating an account on the Income Tax Department's e-filing portal, which will enable them to obtain a challan reference number with  PAN/TAN details for their tax payments anytime, anywhere with just a few clicks. Authorised channels can then be used to make payments using the challan reference number.

DCB Bank, Head Retail Banking, Mr. Praveen Kutty said, “DCB Bank provides taxpayers with a quick, secure and efficient direct tax payment facility. This online facility is convenient and enables taxpayers to submit the payment from the comfort of their home or office, resulting in substantial time and cost saving. The process involves the benefit of instant payment acknowledgement and the issuance of a challan receipt, all without incurring any charges. Our grateful thanks to the Central Board of Direct Taxes (CBDT), Government of India for their support in this endeavour.”

About DCB Bank Ltd.

DCB Bank is a new generation private sector bank with 427 branches (as on 31st March 2023) across India. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure including state of the art internet banking for personal as well as business banking customers. DCB Bank’s business segments are Retail, micro-SME, SME, mid- Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non-Banking Finance Companies (NBFC). DCB Bank has approximately one million customers.

For details, visit www.dcbbank.com

Accenture Completes Acquisition Of Indian AI Company Flutura


Accenture (NYSE: ACN) has completed its acquisition of Flutura, an industrial artificial intelligence (AI) company, headquartered in Bangalore, India. Terms of the transaction, which Accenture announced on March 21, 2023, were not disclosed. Flutura strengthens Accenture’s industrial AI services for clients in the energy, chemicals, metals, mining, and pharmaceutical industries.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 732,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

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