Raymond Realty Rapidly Expands Its Presence In Thane With The Launch Of Its Fourth Project

* The total RERA carpet area of the newly launched project is about 9,40,000 square feet with a revenue potential of over Rs 2,000 crores -

New project launch will take total RERA carpet area under development in Thane through the 4 projects is about 4 million square feet

Having sold over 80 percent of the inventory, the latest project Address by GS 2.0 has been launched for public

After the phenomenal success of the first phase of Address by GS, Raymond Realty unveiled The Address by GS 2.0

The first phase of maiden project TenX Habitat was delivered 2 years ahead of RERA timelines

The first phase of this project, The Address by GS, has sold over 480 units since its launch

Address by GS 2.0 offers exquisite 3, 4, 5, and 6 BHK apartments with the latest amenities

Raymond Realty, the real estate arm of Raymond has expanded its presence in Thane market with the launch of its fourth project Address by GS 2.0. Having received unprecedented success in its first three projects, the launch of The Address by GS 2.0 showcases the soaring popularity of Raymond Realty as real estate developer in the MMR region. After the successful launch of first phase of The Address by GS and the recent handover of the first phase of TenX Habitat, Raymond Realty is emerging as a strong player in the real estate segment.

Speaking about the latest venture of Raymond Realty, Harmohan Sahni, CEO Raymond Realty said; “The Address by GS 2.0 is testimony to the surging popularity of Raymond Realty in Thane region. Having delivered our maiden project 2 years ahead of RERA timelines, this is yet another finest creation that is poised to set new benchmarks in the field of construction. The overwhelming success of our first edition of The Address by GS has fueled our passion to create homes that resonate with the aspirations of a new age India.”

Raymond Realty’s maiden project was TenX Habitat - an ‘aspirational district’ spread across 14 acres housing in Thane with 3,100 residential units, followed by The Address by GS. The business set a new benchmark in the real estate sector in India by delivering the first three towers of the Ten X Habitat project, two years ahead of the RERA timeline. In February 2023, Raymond Realty launched its third project, Ten X Era, in Thane and received an overwhelming response from the customers. It has received about 100 bookings within seven days of the launch, with an overall ~25% of the launched inventory being sold within a period of two months. This performance reaffirms customers’ confidence and acceptance of their high-quality product, coupled with the fast-paced construction momentum in the ongoing project. The total value of the bookings for the three projects amounted to over Rs1,600 crore during FY23.

The latest launch Address by GS 2.0 promises to uphold Raymond Realty’s conviction to Go Beyond all conventions in the real estate space. Nestled in a prime location, it presents exclusive tower-level amenities that epitomise luxury and convenience. Complementing the lavish interiors with modern amenities is a three-acre Roman-inspired landscaped podium, artfully designed to provide residents a serene oasis in the midst of bustling city. Residents will be able to experience holistic living as the premises will have wellness centers, clubhouse with latest amenities spread across 25,000 sq. ft and a 70,000 sq. ft high-street retail space.

To Learn more about The Address by GS 2.0 at https://thsr.co.in/theaddressbygs/

About Raymond

Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabrics and garmenting. Over the years, Raymond has been synonymous with quality, innovation and market leadership. It has some of the leading brands within its portfolio – ‘Raymond Ready to Wear’, ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’ and Ethnix by Raymond amongst others. Raymond has one of the largest exclusive retail networks in the country with around 1,400 stores in more than 600 towns. The group has presence in engineering space engaged in precision engineered products with an expansive presence in national as well as international markets.

Raymond forayed into realty sector through the launch of its maiden project TenX - an ‘aspirational district’ spread across 14 acres housing ~3,100 residential units and has recently launched a premium residential project – The Address by GS.

To know more, visit us today at www.raymond.in

About Raymond Realty

The Raymond Group entered the real estate space with Raymond Realty, a venture exclusively spearheaded by Gautam Hari Singhania. The same dedication to quality, minute details and absolute style that is the Group’s legacy, will now take a form in luxurious residential spaces. The fabric of choice this time is brick and mortar. They have woven into residences that offer the man-about-town and his family a complete lifestyle. With the simple belief that the Indian consumers deserve more than what is being offered; Raymond Realty’s conviction is to Go Beyond all conventions in real estate.

Introducing a new standard of living – one which pushes the bar on quality, design, comfort, convenience, technology and service to give today’s home buyer the kind of space they are genuinely proud to own. Built on the principle of ‘Go Beyond’ each project under Raymond Realty aims to re-imagine every expectation you have from your home by going the extra mile. Every home incorporates our virtues of excellence, style and a timeless appeal in creating modern living spaces like never before.

To know more, visit us here: https://raymondrealty.in/ 

upGrad Forms Advisory Board With Seven Global Leaders To Scale upGrad Institute (UI) In Singapore

upGrad, Asia’s largest integrated learning, skilling, and workforce Development Company announces the appointment of seven industry leaders to the Advisory Board of upGrad Institute (UI) - a government-approved PEI (Private Education Institution) in Singapore. 

Joining the Advisory board as Chairman, Prof. Arnoud De Meyer, Ex-President of Singapore Management University. Along with him, Prof S Sadagopan, Chairman, BoG, IIITDM-Kancheepuram and Founder Director, IIIT-Bangalore, brings extensive experience in academia and education. 

With the increasing focus on skilling and job outcomes, upGrad Institute has also on-boarded accomplished industry leaders from diverse backgrounds: Magdalene Ew, Head of Content – Entertainment, Southeast Asia, Taiwan and Hong Kong, Warner Bros. Discovery, contributes expertise in global media and marketing, Jeremy Williams, Managing Director of PropertyGuru Marketplaces, brings insights from the largest property technology company in Southeast Asia, Laura Parsons, Vice President, Human Resources, BBC Studios, contributes her people and culture experience at a globally recognised brand, Larry Bradley, CEO of SolasAI, Inc, brings expertise on responsible AI, and finally, Mohit Nayyar, Vice President – Human Resources, Global Skin and Personal Care, P&G, adds insights from driving HR development at a multinational consumer goods corporation. Together, this diverse and accomplished board will play a crucial role in upGrad's endeavours to shape and grow Asia’s higher education and skilling landscape.

The Advisory Board will provide insights to help accelerate upGrad’s mission of building a robust government-approved learning institute that will empower the global workforce with an industry-ready experiential curriculum backed by top university credentials. “The opportunity to provide job-ready education delivered flexibly and affordably through upGrad Institute’s proprietary content and accomplished faculty is exciting and I am pleased to support this endeavour”, commented Prof. Arnoud De Meyer, Chair of the Advisory Board at upGrad Institute.

The skilling giant has invested $5 million to establish and scale upGrad Institute and is inviting active enrolments for its debut Doctorate programmes along with select skilling courses in Data Science and Management with top global universities. The first batch is expected to commence in the next 60 days. 

Designed carefully to suit the learning needs of Singapore and the region’s workforce, upGrad Institute will be launching innovative programmes and pathways in the coming months. “With such thought leadership on our Advisory Board, we are confident of building on our insights to make world-class higher education more accessible and mainstream. This strategic expansion not only benefits the future focussed market of Singapore but also provides learners from everywhere with government-approved formal education and modern-day skill competencies to ensure enhanced employability,” commented Myleeta AgaWilliams, CEO - International, upGrad.

“We are on a mission to make Lifelong learning a global mindset and with such profound leadership onboard, we've just got a few more steps closer. Fuelled by the success of our domestic operations and continued business momentum, we see this as an opportune time to strengthen our international footprints and build a stronger camaraderie between academia and industry. These latest appointments not just reassure our commitment but also power our ambition of rewriting the global skilling landscape,” concluded Ronnie Screwvala, Co-founder & Chairperson, upGrad. 

More details on the programs could be found here: https://www.upgrad.edu.sg/

About UI

upGrad Institute (UI) located in Singapore, is a premier Private Education Institution (PEI), built to accelerate the global delivery and adoption of world-class career skilling programs powered by innovation. UI holds a 4-year EduTrust certificate which is the Singapore government standard for PEIs and distinguishes schools that are able to consistently maintain a high standard of quality. UI programs are developed with a strong outcome-focus that will empower learners with industry-ready formal education and skills. UI will offer a range of Post Graduate Diplomas, Masters and Doctorate programs in partnership with top global universities along with skill-based Bootcamps.

UI is a subsidiary of upGrad - Asia’s largest integrated learning, skilling and career development company that has touched over 7 million total registered learners across more than 100 countries, to date. It further boasts an alumni base of over 500 in Singapore alone, while also enjoying a strong network of 300 direct global university partners, over 20,000 recruitment partners, and an enterprise arm with a clientele of 3,000 corporate partners worldwide.

Over 120 Online Skill Gaming Companies Seek Distinction From Fantasy Sports In GST

Over 120 online Casual Skill Gaming Companies wrote to the Honorable Ministry of Finance, and all GST Council Members seeking distinction on tax treatment from Fantasy Sports citing fundamental differences in business models and how they generate revenues. The industry highlights that Fantasy Sports, with guaranteed prize pools, are taxed differently from Online Skill Gaming Globally. Moreover, the consumption patterns of Online Skill Gaming differ markedly from Fantasy Sports and Lotteries.  

The Casual Gaming category, even when played with money, is starkly different from Fantasy Sports or Large Tournament (Lotteries) payouts. Quick Casual Games have a very different business model, consumption pattern, social relevance, as well as unit economics when compared with Large Payout Tournaments (such as Fantasy). Even several marquee research experts, such as KPMG, Redseer, etc., classify Fantasy Sports as a separate category within the real money gaming industry. In Online Skill Gaming, players engage in live matches based on their skills in the games such as First Person Shooter Games, Card Games Carrom, 8 Ball Pool, Chess, etc., playing against each other in quick succession. However, in Fantasy Sports, it differs with a large guaranteed prize pool that users participate in by way of teams. 

The gaming companies with a combined user base of over 400 million users, urged to not be clubbed with games of chance in their submission. They also highlight in this representation that GST on Deposits would result in closure of all continuous game formats that have very weak price elasticity as up to 75% of the deposit money is withdrawn back by the user in a way of winnings. The gaming companies also confirmed submitting this information to the Ministry of Finance for their consideration.  

The representation that was made by companies that represent Esports, Card Games, Casual Games claimed that in the case of Fantasy Sports, players don't play live against each other, but rather in a Tournament Model where even if platforms are asked to pay GST @ 28% on Full Face Value, the fundamental proposition will not change. (Small Entry Fee and Large Life-changing Winnings). 

Users of online skill gaming will move to offshore platforms for entertainment as they will not have any winnings left due to high taxation. This will lead to the shutdown of more than 120 online skill gaming companies. However, for Fantasy Sports, the hike in tax does not affect the winnings, and hence users will continue to play and the Fantasy Operators will survive on GST on Deposits. 

Online Gaming companies also cited examples from other major jurisdictions where Online Skill Gaming is protected and taxed differently from Fantasy Sports.

The proposed 28% GST rate on the Full value or deposit poses a severe threat to the online skill gaming industry's survival, particularly to startups currently in the research and IP generation phase. Many of these companies are incurring losses, and the new GST structure could lead to their immediate collapse. 

The GST Council is requested to look into the distinction in the business model of the thriving Casual Gaming segment even if played for a small entry fee, which has the largest user base in the country and pays 50% of the Rs. 2,000 annual GST paid by the Online Gaming sector.  

The decision to charge 28% GST on Full value or deposit is threatening legitimate activity of online games of skill played with a monetization model of entry fee and playing for winnings. To mitigate the potential repercussions and preserve the thriving Online Skill Gaming industry, industry representatives are seeking urgent discussions with the GST Council to advocate for a more sustainable tax structure that acknowledges the unique characteristics and potential of the sector. 

Bank of India Q1FY24 Results Reports An Increase Of Net Profit By 176% YoY To Rs.1,551 Cr.

The Board of Directors of Bank Of India approved the audited financial results for the quarter ended 30th June 2023.

Appended below are the Results Summary for Q1 – FY2024

Key highlights:

Net Profit increased by 176% YoY to Rs.1,551 Cr.

Operating Profit increased by 72% YoY to Rs.3,752 Cr.

Net Interest Income increased by 45% YoY to Rs.5,915 Cr.   

NIM (Global) improved by 49 bps YoY.

Yield on Advances (Dom.) improved by 157 bps YoY.   

Gross NPA ratio down by 263 bps YoY.

Net NPA ratio down by 56 bps YoY.

Provision Coverage Ratio (PCR) improved by 156 bps YoY.   

CRAR stood at 15.60%, with CET-1 ratio at 13.02%.

Global Business crossed 12 lakh crore mark, increased by 8.61%.   

Global Deposits increased by 8.71% YoY.

Gross Advances increased by 8.48% YoY.

RAM Advances grew by 11.75% YoY and it constitutes 55.39% of Advances.   

Retail Credit grew by 15.05% YoY.

Agriculture Credit grew by 10.10% YoY.    MSME Credit grew by 9.19% YoY.

CASA deposits increased by 7.56% YoY and CASA ratio at 44.52%.

Profitability Q1FY24:

Net Profit increased by176% YoY to Rs.1,551 Cr in Q1FY24 against Rs.561 Cr in Q1FY23.

Operating Profit increased by 72% YoY to Rs.3,752 Cr for Q1FY24 against Rs.2,183 Cr for Q1FY23.

Net Interest Income (NII) increased by 45% YoY to Rs.5,915 Cr for Q1FY24 against Rs.4,072 Cr in Q1FY23.

Non-Interest Income increased by 27% YoY to Rs.1,462 Cr in Q1FY24 against Rs.1,152 Cr for Q1FY23.

Ratios:

NIM (Global) improved by 49 bps to 3.03% in Q1FY24 against  2.54%  in Q1FY23. NIM (Domestic) improved by 51 bps to 3.37% in Q1FY24  against 2.87% in Q1FY23.

Return  on  Assets  (RoA)  improved  by  42  bps  to  0.71%  in  Q1FY24  against 0.29% in Q1FY23.

Return on Equity (RoE) improved by 806 bps to 14.90% in Q1FY24 against 6.84% in Q1FY’23.

Cost to Income ratio (Global) improved by 908 bps to 49.14% in Q1FY24 against 58.22% in Q1FY23.

Slippage ratio improved to 0.53% in Q1FY24 against 0.69% in Q1FY23.

Credit Cost stood improved to 0.64% in Q1FY24 against 1.21% in Q1FY23.

Yield on Advances (Global) improved by 157 bps to 8.10% in Q1FY24 against 6.53% in Q1FY23.

Cost of Deposits (Global) stood at 4.22% in Q1FY24 against 3.49% in Q1FY23.

Productivity Ratios:

Business per employee improved to Rs.23.21 Cr in Jun’23 from Rs.21.26 Cr in Jun’22.

Business per branch improved to Rs.237.04 Cr in Jun’23 from Rs.218.24 Cr in Jun’22

Net Profit per employee improved to Rs.11.85 lakh in Jun’23 from Rs.4.27 lakh in Jun’22.

Net Profit per branch improved to Rs.121.06 lakh in Jun’23 from Rs.43.82 lakh in Jun’22.

Global and Domestic Business Growth:

Global Business crossed 12 lakh crore and reached Rs.12,14,808 Cr with a growth of 8.61% YoY in Jun’23.

Global Advances grew by 8.48% YoY and reached Rs. 5,18,264 Cr in Jun’23.

Global Deposits increased by 8.71% YoY to Rs. 6,96,544 Cr in Jun’23.

Domestic Deposits increased by 7.98% YoY to Rs. 5,89,517 Cr in Jun’23.

Domestic CASA went up by 7.56% YoY to Rs. 2,60,615 Cr in Jun’23 and CASA ratio stood at 44.52%.

Savings deposits increased by 6.21% YoY to Rs.2,25,020 Cr in Jun’23.

Current deposits increased by 16.94% YoY to Rs.35,596 Cr in Jun’23.

Domestic Advances increased by 7.98% YOY to Rs. 4,33,246 Cr in Jun’23.

RAM advances increased by 11.75% YOY to Rs.2,39,954 Cr, constituting 55.39% of Advances in Jun’23.

Retail Credit grew by 15.05% YOY to Rs.95,963 Cr in Jun’23.

Agriculture Credit grew by 10.10% YOY to Rs.72,801 Cr in Jun’23.

MSME Credit grew by 9.19% YOY to Rs.71,190 Cr in Jun’23.

Overseas Deposits increased by 12.91% YOY to Rs. 1,07,027 Cr and Overseas Advances increased by 11.08% YOY to Rs. 85,018 Cr in Jun’23.

Capital Adequacy:

As on 30.06.2023, Bank's total Capital Adequacy Ratio (CRAR) was at 15.60% against 16.28% in Mar’23.

CET-1 ratio stood at 13.02% as on Jun’23 against 13.60% in Mar’23.

Priority Sector, Financial Inclusion & Digital Banking:

Priority Sector Advances increased by 8.89% YOY and achieved 43.14% of ANBC as on Jun’23. Agricultural advances achieved 18.98% of ANBC.

Advances to Small & Marginal Farmers achieved 12.09% of ANBC in Jun’23 against regulatory norm of 9%.

Advances to Weaker Sections achieved 15.05% of ANBC in Jun’23 against regulatory norm of 11%

PMJDY accounts increased to 285 lakhs as on Jun’23 from 271 lakhs in Jun’22. (No. in Lacs)

Internet Banking users: Increased to 8.55 million in Jun’23 from 8.08 million in Jun’22.

Mobile Banking users: Increased to 8.46 million in Jun’23 from 6.11 million in Jun’22.

Number of UPI transactions increased by 1.45 times to 8,625 lakh in Q1 FY24 from 5,911 lakh in Q1FY23.

Digital Products:

Bank has since created end to end Digital products, viz. SB accounts on the deposit side and Mudra/KCC/Personal loan/pensioner loan on the loan segment.

Customers can open SB accounts and avail loans without visiting branch.

There are more than 20 products that will be rolled out in Q2 & Q3 of this year.

We are targeting at least Rs.10,000 Cr of business through Digital products by the end of this financial year.

Branch Network:

As on 30th June’23, the Bank has 5129 number of Domestic branches.

Rural: 1852 (36%), Semi-Urban: 1456 (28%), Urban: 829 (16%), Metro: 992 (19%).

Awards & Accolades:

PT Bank of India Indonesia, the Subsidiary of our Bank has been ranked as no. 1 bank in Indonesia in the category of “Best Conventional Bank under KBMI I Category’ as declared by CNBC Indonesia.

Our Bank was awarded of Digidhan Awards 2021-22 by the Union Ministry of Electronics and Information Technology for achieving top position in overall performance in Digital Payments

Bank has received Infosys “Finacle Innovation Awards 2023” (Gold Winner) under Category of Product Innovation for Product: HMCQR Menu.

Bank has won for “NUMERO UNO” Award in “APY National Championship Cup” campaign from PFRDA for good performance in APY Campaign (01.10.2022 to 14.11.2022).

Bank has won for “Exemplary Award of Par Excellence” Award in “Circle of Excellence” campaign from PFRDA for good performance in APY Campaign (01.10.2022 to 14.11.2022).

Bank has been nominated for “Annual APY Exemplary Award of Excellence” for achieving 162% of Annual APY target (FY 2022-23) from PFRDA.

Bank has won “NUMERO UNO” Award in ‘Old Age  Financial  Freedom” Campaign for best performer Bank in PSB (FY 2022-23).

Adani Wilmar’s Iconic Kohinoor Brand Showcases Power of Aroma In Visual Masterpiece With ‘Khushboo Kuchh Khaas’ Campaign

- Directed by renowned ad-filmmaker Prakash Varma, the campaign is conceptualised by DDB Tribal-

Adani Wilmar Limited (AWL), one of India's leading foods FMCG companies, has unveiled the comeback of Kohinoor Basmati Rice, in a 360-degree campaign, that helps viewers visualize the aroma of Basmati. The film – Khushboo Kuchh Khaas - has been conceptualised by DDB Tribal and directed by renowned ad-filmmaker Prakash Varma. It features 48 actors and dance performers from 12 different Indian cities, guided by a choreographer from London, set to an original composition.

Based on fact that in our daily lives we often grow accustomed to mundane meals that are served without much thought. Kohinoor aims to revive the enchantment of dining by awakening a renewed passion for meals. Premium Basmati rice such as Kohinoor has a unique, rich aroma that is universally understood and enjoyed. The film’s powerful cinematography and music takes viewers on a delightful journey of an orchestral symphony evoking a longing for the brand.

"Our campaign for Kohinoor Rice aims to forge a deep emotional connection with consumers by highlighting its captivating aroma and lineage," said Mr. Vineeth Viswambharan, Associate Vice-President of Marketing & Sales at Adani Wilmar. "Setting a new benchmark for creative storytelling, the film is sans dialogues or voiceovers or texts and yet it communicates in a universal language of music & visualization which is instinctively understood across the country, while powerfully communicating brand USPs.” he added.

Prakash Varma, Director, Nirvana Films said, “As a director it’s rare to get an opportunity where you can creatively explore this kind of theme in an Ad film. It was fun to collaborate with Fraz and the agency team along with the clients who gave me the freedom to explore my craft. I was entrusted with a lot of room to play and have fun with the style. The film is operatic, theatrical and dramatic which is quite clutter breaking. Of course it always helps to have a single focused idea, in this case ‘aroma’, to drive home the point effectively. My team of assistants, DOP, production designer, costume designer, food stylist, artists, casting director, choreographer, music director, editor and support team were thrilled to be able to work on this project because the process was quite magical.”

Adani Wilmar’s strategic bid for widespread reach and engagement through Meta and Google platforms includes Facebook, Instagram, YouTube, and the Google Display Network, as the key channels to drive the campaign's communication. By leveraging the immense popularity and influence of these platforms, the brand aims to connect with a diverse range of consumers, delivering captivating content and immersive experiences that showcase the allure of Kohinoor Rice.

Back in 2022, Adani Wilmar acquired the renowned Kohinoor Brand – domestic (India region) from McCormick Switzerland GMBH. Kohinoor as a brand is dedicated to bringing the authentic taste and aroma of traditional Indian biryani to your kitchen and has built a strong reputation as a trusted name in the industry through some of its iconic commercials in the past. With a total of 27 Variants, Kohinoor sources their basmati rice from the finest farms in India, known for producing the longest and most aromatic grains.

About Adani Wilmar Limited

Adani Wilmar Limited (AWL) is one of the largest food FMCG companies in India offering most of the primary kitchen essentials for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company’s products are offered under a diverse range of brands across a broad price spectrum catering to different customer groups. Its flagship brand ‘Fortune’ is one of the largest selling edible oil and food brands in India. It has a wide array of packaged foods including packaged wheat flour, rice, pulses, besan, sugar, soya chunks and cereals-based products such as ready-to-cook khichdi. It also offers a diverse range of industry essentials, including oleochemicals, castor oil and its derivatives and de-oiled cakes and HPC category under brand Alife, which includes soaps, hand washes and hand sanitisers.

Link: https://youtu.be/u5laeswSWa0

Srinivasan Services Trust Invests INR 20 Million In Tiger Conservation Initiatives Across Tamil Nadu And Karnataka

Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Limited, has invested INR 20 million in various conservation initiatives, including water conservation, forest equipment, transportation, and anti-poaching camps across six tiger reserves in Tamil Nadu and Karnataka. SST is dedicated to improving living conditions for staff members of the forest department and to construct anti-poaching camps equipped with solar power and drinking water facilities. SST’s tiger conservation program aligns with their broader mission of developing tribal villages, for which SST has invested over INR 250 million over the past 16 years.

Sharing his views, Mr. Swaran Singh IAS (R), Chairman, Srinivasan Services Trust, “Our commitment to tiger conservation exemplifies our determination that goes beyond just corporate social responsibility. At Srinivasan Services Trust, we embrace the responsibility to lead, inspiring other corporates to take the mantle of environmental stewardship. By each corporation taking a step forward, we collectively amplify the impact of conservation efforts, ensuring a brighter future for our wildlife. It is not just about us; it is about fostering collaboration between governments, non-governmental organizations, and all stakeholders, united under a common cause towards a sustainable and thriving world.”

In 2022, SST donated a minibus to the Sathyamangalam Tiger Reserve. Additionally, SST contributed to the Bandipur Tiger Reserve by donating two forest-road-friendly motorcycles and provided tractors for water transportation in Mudumalai and Bandhavgarh. To boost conservation efforts, the trust also supplied high luminescent search lights and GPS devices to Mudumalai, Sathyamangalam, and Kalakkad-Mundanthurai tiger reserves.

Apart from this, Srinivasan Services Trust, in collaboration with Nagarahole Tiger Reserve, is executing a pilot project of electronic surveillance to gather information and data on human-animal conflicts and to use the data for better management of the reserve. SST's commitment to wildlife conservation and tribal development showcases how businesses can make a significant impact in preserving our natural heritage and empowering marginalized communities.

About Srinivasan Services Trust (SST): Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Limited started working in villages from mid 1990s. Starting with a model of philanthropy, it matured into a model centred on community participation in all its projects. Today, SST works in ,2500 villages in the country with 2,000 villages in Tamil Nadu. It follows a holistic and participatory approach of village development, working very closely with the community and the government. SST’s focus is to bring about sustainable development in villages through Total Community Involvement. Society building through development of women and children, conservation of water, providing holistic health and education infrastructure by renovating the government infrastructure and preserving the environment are its main focus areas. SST works towards economic development of the community by helping them to set up microenterprises and supporting them to improve agriculture and livestock income. SST nudge communities to embrace practices towards better quality of life by ensuring a participatory approach right from planning to execution of activities. SST’s long-term goal is to create robust communities, through a strong bonding and a sense of ownership among community propelling sustained growth of the villages.

Hero Motocorp Receives An Overwhelming Response For Harley-Davison X440

* ONLINE BOOKINGS TO CLOSE ON 3rd AUGUST 2023

* DELIVERIES TO COMMENCE FROM OCTOBER 2023

Harley-Davidson X440, the first co-developed premium motorcycle of Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters and iconic American motorcycle-maker Harley-Davidson has received highly positive response in customer bookings, since its launch on July 3rd, 2023.

The company will close the online booking window on August 3rd 2023, as the test rides at national scale for the pre-booked customers will begin from September 1st 2023 onwards. Hero MotoCorp will start the production of the Harley-Davidson X440 in September at the company’s Garden Factory at Neemrana, in the northern Indian state of Rajasthan, and commence customer deliveries from October 2023. Deliveries to customers will be made on a prioritised basis as per booking dates.

The ramp up of production capacity is already in progress in response to the demand trends. The resumption date of online bookings and the price for the next window  will be announced later.

Niranjan Gupta, Chief Executive Officer, Hero MotoCorp said, “It is heartening to see  the increasing inflow of enquiries and bookings for Harley-Davidson X440. The  volume so far has surpassed our expectations and we have reached a point where we have decided to close the online booking channel temporarily.

“The  response is reflective of the brand love and trust that riding enthusiasts hold for Harley-Davidson and Hero MotoCorp. As we prepare for production and deliveries of Harley-Davidson X440, we are confident of offering an exceptional riding experience to the customers with best-in-class power, performance, and value proposition.”

The motorcycle is available in three variants – Denim, Vivid and S at an introductory price point of INR 2,29,000/- (Denim), INR 2,49,000/- (Vivid) and INR 2,69,000 (S) respectively. The Harley-Davidson X440 can be booked online till August 3, 2023, by visiting  www.Harley-Davidsonx440.com with a booking amount of INR 5000/-.

The Harley-Davidson X440 inherits the character of the iconic Harley-Davidson brand with its commanding road presence. With its distinctive design, all-metal body, and a powerful engine, the motorcycle showcases its persona of a true performer in style. Nimble and agile in traffic, yet supremely robust and comfortable over rough terrain, Harley-Davidson X440’s ride quality opens a whole new world of inspiring riding experience. 

About Harley-Davidson

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Since 1903, Harley-Davidson has defined motorcycle culture with an expanding range of leading-edge, distinctive and customizable motorcycles in addition to riding experiences and exceptional motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get Harley-Davidson riders on the road. Learn more at www.harley-davidson.com.