Experian Recognised Among “Top Employers For Tech Talent In India”’ By Everest Group

Experian India, one of the leading data analytics and decisioning companies, announced its inclusion in the esteemed list of “Top Employers for Tech Talent” in India (Top 25), by Everest Group.  

Everest Group, a renowned research firm known for guiding business leaders in making confident decisions, conducted a comprehensive evaluation of over 400 leading tech employers in India, the United States, and the United Kingdom. In the Indian market, they meticulously assessed the top 135 employers for tech talent. Among them, only 25 were recognised as Top Employers, with Experian securing an impressive position in this elite group. 

Experian has achieved a highly favourable ranking in key areas such as the work environment, career development, employee satisfaction, diversity, and inclusion. It has also received a favourable rating in terms of attrition, compensation, and benefits. 

“This prestigious recognition underscores our unwavering commitment to cultivating a highly skilled and dynamic workforce. At Experian, our aim is to attract and retain top-notch tech talent, empowering them to thrive and deliver exceptional solutions that elevate operational and financial performance for our esteemed clients across the globe. This accolade reaffirms our holistic approach to nurturing talent and further strengthens our determination to lead in the ever-evolving tech landscape.” said Saikrishnan Srinivasan, Managing Director, Experian Credit Information Company of India (ECICI).  

“I am thrilled that Experian has been recognised as one of the Top Employers for Tech Talent in India and the United States," said Ravi Devesetti, Global Chief Technology Officer, Experian Software Solutions. "This award reflects our commitment to 'Engineering Excellence Everywhere'. We have invested significantly in our employees' growth and upskilling through innovative Learning & Development programs. At our core, we promote innovation and continuous learning through engaging hackathons. Our early careers and university partnerships have been instrumental in attracting top talent." 

Experian’s dedication to promote innovation has set it apart as a prominent player in the field. 

India's Rental Market Continues To Grow With Average Rents Increasing 4.9% QoQ: Magicbricks

* Rental demand increased 18.1% QoQ; Rental supply increased 9.6% QoQ 

* NCR (27.25%), MMR (18.35%), Pune (19.3%), Hyderabad (22%) and Bengaluru (12.8%) witnessed the highest increase in rental demand 

* Demand for 1 & 2 BHK units accounted for 80% of total rental searches; indicating preference towards compact and small apartments 

India's leading real estate platform, released its flagship Rental Index for April-June 2023, (https://property.magicbricks.com/microsite/research-insights/index.html)  observing that the rental demand across 13 major cities in India increased 18.1% QoQ , supply increased 9.6% QoQ while rents increased 4.9% QoQ. 

Based on the behavior and preferences of over 2 crore customers on Magicbricks platform, the report (https://property.magicbricks.com/microsite/research-insights/index.html) also observed that notable cities such as Bengaluru (8.1%), Navi Mumbai (7.3%), and Gurugram (5.1%) displayed the highest increment in average rents QoQ. Conversely, Delhi (- 0.9%) and Mumbai (-0.1%) witnessed marginal decline in rents QoQ. 

Sudhir Pai, the CEO, Magicbricks, commented, "Over the past year, rental housing demand surged in major Indian cities, driven by returning employees and students. Return to office culture boosted the need for workplace-proximate housing while educational institutions resumed in-person activities, drawing students back to city centers. Meanwhile, as property values soared, homeowners seized opportunities for profitable property sales over rentals, reducing supply. This, coupled with high demand, notably hiked rents across prominent Indian cities." 

As per the Magicbricks Report, the popularity of 2 BHK units remains unchallenged, commanding a significant 53% share in both demand and supply, followed by 1 BHK (27%) and 3 BHK (18%). The demand for 3 BHK units declined from 36% in Q1 2023 to 18% in Q2 2023, while the demand for 1 BHK units increased from 17% in Q1 2023 to 27% in the present quarter. This shift highlights a growing inclination toward compact apartments.  

The report concludes that beyond the factor of proximity to employment hubs, a significant driving force for demand this quarter is affordability. Rental accommodations with a monthly rent within INR 10,000 to 20,000 emerged as the favored choice among tenants. These preferences were predominantly observed within unit dimensions spanning from 500 to 1,000 square feet of covered area.

About Magicbricks: India's no 1 property site   

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with 15+ services including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice. 

With 15+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.  

PFRDA Organized A Conference On Implementation Of NPS In Central Government

Pension Fund Regulatory and Development Authority (PFRDA) organized a Conference on Implementation of National Pension System (NPS) in Central Government, with the objective of efficient and effective implementation of the scheme. 

The NPS was introduced for Central Government employees (except armed forces) in 2004 and most of the state governments have also adopted it for their employees. Presently, there are 21.89 lakh subscribers from Central Government with Assets under Management (AUM) of Rs 2.39 lakh croresas on 31st July, 2023. 

Dr. Deepak Mohanty, Chairman, PFRDA in his keynote address said that achieving broad pension coverage in an affordable and fiscally sustainable way has remained an aspiring goal worldwide. Open-ended and unfunded pension liabilities can have cascading and costly fiscal implications, including crowding out of other social and developmental expenditures. 

He added that PFRDA is committed to creating awareness among the stakeholders to ensure smooth operations of the scheme and laying a strong foundation for building a pensioned society as envisioned by the Government of India.  He alluded to PFRDA’s digital solutions for NPS subscribers for on-boarding, servicing, direct remit, paperless exit and withdrawals, online Aadhaar e-KYC, partial withdrawals through self-declaration and eNPS for government subscribers. He emphasized on the adoption of digital safety norms by government nodal offices. He released a handbook for government nodal offices on NPS activities. Top 5 government nodal offices were felicitated for effective implementation of NPS in their offices. 

He highlighted that, the option to choose a pension fund and investment pattern has been provided. Also, the employer contribution for the central government employees has been increased to 14% from 10%. He emphasized that if the timelines stipulated under the NPS Rules is adhered by the nodal offices, subscribers’ interest will be better protected. 

Mrs. Mamta Shankar, Whole Time Member (Economics), PFRDA highlighted the valuable efforts of nodal offices right from enrolment of employees till the time of exit/retirement, which comprise generation of PRAN, deduction, and uploading of contributions, exit and annuity related steps.  

She added that the PFRDA in its endeavor to oversee the efficient implementation of NPS at all stages under the regulatory framework of PFRDA conducts review meetings, workshops, seminars and conferences from time to time with central government offices, to ensure old age income security of the NPS subscribers.  

Bank of Baroda Introduces “Video Re-KYC For Individual Resident Customers”

* Customers can complete Re-KYC digitally in just a few minutes in a secure manner without even having to visit their branch 

Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of “Video Re-KYC” for eligible Individual Resident Customers. Available in English and Hindi, this is an alternative and more convenient method for customers to complete the periodic updation of KYC (Know Your Customer) digitally. Customers, whose Re-KYC is due, can complete their Video KYC in a few minutes without having to visit the branch. 

To avail the Video KYC facility, customers must be resident individuals, above 18 years of age and must have their Aadhaar number and original PAN Card. In the first stage, customers have to visit the Bank of Baroda website and complete the online Re-KYC application by submitting some basic information online. Once the online application is submitted, the Video KYC call with the bank executive will be conducted. For the Video call, customers will require original PAN Card, a blank white sheet of paper and a blue/black pen. 

Video Re-KYC calls will be undertaken during business hours (10:00AM to 6:00PM) on all working days.  

On successful completion of the video session, the customer details will be updated in the Bank’s records and a confirmation text message will be sent to the customer.  

Periodic updation of KYC (Re-KYC) is a mandatory requirement of the Reserve Bank of India (RBI) and customers need to immediately update their KYC documents with the bank when KYC update is due. The rollout of the Video Re-KYC facility makes the Re-KYC process much simpler, more convenient and elevates the entire customer experience. Customers of the Bank whose Re-KYC update is pending can now make the most of this facility and complete the process with ease. 

Bank of Baroda introduced Video KYC in the year 2021 to open full-fledged digital savings accounts. The Bank has now extended Video KYC for Re-KYC facility for the convenience of its customers.  

About Bank of Baroda 

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The Bank’s bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through video KYC. The Bank’s vision matches its diverse clientele base and instills a sense of trust and security. It is moving well in that direction and bob World is a testimony of its roadmap towards Digital Transformation. 

Visit us at www.bankofbaroda.in  

Punjab National Bank Launches “Pensioner's Lounge” On World Senior Citizen’s Day

On World Senior Citizen’s Day, Punjab National Bank (PNB), the nation's leading public sector bank, has introduced the "Pensioner’s Lounge", a dedicated space within the branch that serves pensioners and senior citizens with all their banking needs. As the part of the celebration, the bank honoured pensioners for their accomplishments and contributions to the society at its Bhikaji Cama Place branch in Delhi. The inauguration ceremony was held in the presence of Bank’s MD&CEO, Executive Director, CGMs, GMs, Zonal Managers, other bank officials and customers. As an additional gesture of gratitude, the bank also conducted health check-up camps for PNB's pensioners at 121 centres.  

Congratulating all the senior citizens at the World Senior Citizen’s Day, Shri Atul Kumar Goel, MD & CEO, Punjab National Bank, said: “The pensioners, who have contributed greatly to our country’s development, are one of the most valuable customer segments of Punjab National Bank. The Pensioner’s Lounge is a step toward creating a dedicated space within the branch premises for the pensioners and senior citizens where they will get all type of banking services. At present, we have set up 11 Pensioner’s Lounge across Delhi-NCR, Mumbai, Kolkata, Ahmedabad, Hyderabad, Chandigarh, Jaipur, Shimla, Varanasi. As part of a multipronged strategy, we are also revamping Savings, Investment, Insurance, Healthcare schemes, related to senior citizens and promoting doorstep banking for them. In addition to that we are also leveraging digital initiatives and technology to offer specialised products and services tailored to this niche segment.”  

PNB MD & CEO also unveiled an informative booklet (Spandan) for senior citizens on the occasion wherein details of various schemes of the Bank for the senior citizens and the pensioners are given.   

Uber Rolls Out Group Rides, An All New Way To Share Rides With Friends And Save Money

* Offers opportunity to save up to 30% on each ride by splitting fare with friends

* Share ride,  split fare, save money and reduce cars on roads

Uber today announced the launch of ‘Group Rides’ in India, a new feature that allows sharing of rides with up to 3 friends when headed to a common destination. Group rides offer riders the option to save up to 30% of their fare, depending on the number of friends they split it with.

The feature allows riders to add their friends to their Uber ride by sharing details of the ride through messaging apps. Upon joining the journey, the friends would have the option to add their own pickup locations, which would get updated to the ride. The feature also aims to decongest roads by reducing the need for individual vehicles when groups of friends or colleagues or relatives are headed towards  the same destination.

Commenting on the launch of the new feature, Nitish Bhushan, Director of Central Operations, Uber India, said, “We are always innovating for our customers and looking at ways to make travel more affordable and seamless. With Group Rides we are offering customers the option to save more while they are riding with people they know. Not only do riders save money and arrive at the common destination together, they also do the good deed of reducing vehicles on the road by getting more butts in fewer cars.”

Group Rides ensures the driver’s earnings aren’t impacted negatively, as they would continue to receive the same amount according to the route they take, as they would in an Uber Go or Uber Premier ride.  

How to book a Group Ride trip:

Tap the Group Ride icon in the updated Uber app.

Begin a request for a Group Rides, and review the booking details in the app

Invite friends to join ride by sending them a link to the trip

Allow friends to add their own stops

Wait for the driver-partner

Enjoy the ride

About Uber

Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Luxury fan Retailer Fanzart Opens Its Flagship Showroom In Worli, Mumbai; 114th Showroom In The Country

Pioneers of luxury fans in India, Fanzart opened its flagship showroom in Mumbai, its first company owned showroom in the country’s financial capital. The flagship showroom is located in Atria Mall in Worli South Mumbai and is the 114th showroom of Fanzart in the country.

It is to be recalled that in 2012 Fanzart brought in a revolution of sorts into the luxury fan segment by opening their finest luxury fan showroom in Bengaluru offering a wide range of designs and solutions in fans that were almost unthinkable at that time. The last decade has seen Fanzart galloping in its growth to offer the very latest innovations in the luxury fan segment, starting from incorporating human sensors, blue tooth enabling, fandeliers that double up as also lights, customisable blades, summer winter feature, power saving BLDC motors, to mention a few.

Commending the opening of the flagship showroom, Mr. Anil Lala, Founder and Managing Director said, “It gives us immense pleasure to start our operations in Mumbai through the physical presence of our flagship showroom. The showroom will house some of the most outstanding luxury fans under one roof that mark the highest quality and innovation in the luxury fan segment. We have been seeing a huge demand for luxury fans in India which spurred us to start Fanzart 12 years ago and the demand is only increasing”.

The flagship showroom in Mumbai will have a mindboggling range of designer fans on display, each proving to be a connoisseur’s delight while filling in the current lacuna in the luxury fan segment in the city. The collection will include the latest trends, styles, designs as well as innovations, bringing to the discerning customer the very best the industry has to offer across the globe.

Speaking at the opening,  Mr. Tarun Lala, Co-Founder & Director, Fanzart, stated, “The flagship showroom in South Mumbai marks a new chapter in our operations as Mumbai is not only the financial capital but also the consumer capital, given the quality and design conscious customers the city abodes. We currently have 3 franchised showrooms in Mumbai but are extremely happy to open our company showroom in South Mumbai to address the long felt need for a boutique retail space in fans here.”

“The range we have on offer is literally spellbinding, leaving the customer spoilt for choice. Each fan has a story to tell with its new dimensions, lending itself to conceptualisation as per the differing needs, expectations of each customer. The technological innovation and expansive possibilities in customisation increases the variety of models on offer, expanding the choice.”

Fanzart has presence today in all major metros and mini metro cities across India catering to discerning customers, who have a penchant for Luxury Fans.

For more information log on to: www.fanzartfans.com  

About Fanzart:

Fanzart is a company that specializes in luxury ceiling fans, designer fans, and other ventilation solutions for residential and commercial spaces. Fanzart is known for its unique and stylish ceiling fans that are designed to be not just functional, but also aesthetically appealing and visually striking. Fanzart was founded in 2012 by Anil Lala, and it is headquartered in Bangalore, India. The company's vision is to transform the concept of ceiling fans from being just functional appliances to pieces of art that enhance the interior design of a space. Fanzart's product range includes a variety of designer ceiling fans that are inspired by different themes, styles, and materials, such as wood, metal, and acrylic. With over 114 outlets in India, Fanzart has a presence in several other countries as well, including the United Arab Emirates (UAE), Singapore, and the United States, and its products are available through a network of authorized dealers and showrooms.