Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO Collects Nearly Rs 200 Crore

Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, collected nearly Rs 200 crore for its Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO from 16th October 2023 to 30th October 2023.

Aditya Birla Sun Life US Treasury 1-3 Year Bond ETFs Fund of Funds is suitable for investors with shorter investment horizon and who have a relatively conservative risk profile. Aditya Birla Sun Life US Treasury 3-10 Year Bond ETFs Fund of Funds is suitable for investors with long term investment horizon and who have a higher risk profile. The benefits of investing in these instruments include locking in multi decade high yields for long-term, adding duration to portfolio and an opportunity to earn capital gains.

Notably, when investing through Indian mutual fund schemes, the exposure is not treated as an overseas investment under the Liberalised Remittance Scheme (LRS) and there is no limit to investment value along with non-applicability of Tax Collected at Source (TCS) that makes this a compelling investment option. It also creates a currency hedge i.e. protects against INR depreciation. Lastly, asset class and geographical diversification can also be achieved by investing in these funds.

As per the current regulatory provisions, Mutual Funds can make overseas investments in Exchange Traded Fund (ETF(s)) subject to a maximum of US $ 300 million per Mutual Fund, within the overall industry limit of US $ 1 billion.

Commenting on US Treasury fund of funds NFO collection, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, "I am happy to share that almost 7000 investors have capitalized on this unique opportunity and invested in Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO. At ABSLAMC we believe the Federal Reserve is unlikely to hike rates going forward and any increase in yields should be looked upon as an opportunity to buy US treasuries as rate cuts to start from end of next year or early 2025. I firmly believe this passive offering is an excellent tactical opportunity to diversify your investments in US denominated assets. Both funds are open for continuous investment being part of the open-ended product suite." 

Tata Chemicals’ Mambattu Facility Recognised With Gold IGBC Certification For Green Practices

Tata Chemicals Limited, Mambattu Plant, was awarded the Gold rating for the second time in a row under the Green Factory Building project by the Indian Green Building Council (IGBC) Hyderabad. The IGBC Green Factory Building Rating System is designed to promote sustainable and environmentally responsible practices within the industrial sector, addressing critical national priorities such as waste management, water efficiency, energy conservation, and the preservation of natural resources.

The IGBC rating, in effect from September 2023 to August 2026, covers a three-year span. The evaluation encompassed five key environmental categories: Site Selection and Planning, Water Conservation, Energy Conservation, Material Conservation, and Indoor Environmental Quality and Occupational Health, supplemented by an additional category focusing on Innovation in Design.

The IGBC Green Factory Building Rating System incorporates non-negotiable mandatory requirements. These include meticulous documentation of legal clearances, adherence to Central Pollution Control Board (CPCB) standards, and the implementation of soil erosion control measures in accordance with the National Building Code (NBC). Tata Chemicals Limited, Mambattu, proactively addressed these prerequisites, demonstrating their commitment to compliance with environmental regulations and standards.

About Tata Chemicals Ltd. 

A part of the US $150 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to Glass, Detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company Rallis India Ltd. Tata Chemicals has world-class R&D facilities in Pune and Bangalore.

Another Mega Order Win For L&T Energy Hydrocarbon In Middle East

The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for mega Offshore order from a prestigious client in the Middle East.  

The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.

Commenting on the award, Mr Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T said, “This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business. Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets.”

The Hydrocarbon Business is executing several domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-conducive geographies.

Organised under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT) and Offshore Wind Farm Business Groups, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, LTEH has been setting global benchmarks in all aspects of project management, corporate governance, quality, health safety environment (HSE) and operational excellence.

Background: 

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Over 3000 Runners At Kanha Shanti Vanam And 13000 From Around The World Participate In The “Granules Green Kanha Run’s 2nd Edition”

Heartfulness Institute in association with Granules India launched its “second edition of the Granules Green Kanha Run” at Kanha Shanti Vanam (the headquarters of Heartfulness in the outskirts of Hyderabad) with over 3000 participantsfrom Kanha Shanti Vanam and 13000 more joining virtually from 60 cities from India and abroad. The first edition was successfully held earlier this year edition of the Green Kanha Run. The second edition is aimed at ‘racing into a greener future’ – an initiation of a grand venture to plant 25,000 trees in the three editions of the half marathon. The Granules Green Kanha Run is being supported by the Ministry of Youth Affairs & Sports and Fit India. Noted Indian cricketers Ravi Shastri, R Shridhar and Bharat Arun have also voiced their support for the run. 

The run was flagged off by Ms. Nandini Agasara (Asian Games Bronze Medalist in athletics) and Coach Mr. Ramesh for the 21km timed Sai Reddy Gudda Lake Run category. 10km timed Yatra Garden run was flagged off by Ms. Uma Chigurupati- Director of Granules India, (the Title Sponsor of the Granules Green Kanha Run), and Mr. Prateek Srivastav, Community Impact Lead, PayPal Hyderabad flagged off the 5km timed Forest run. Mrs. Pratima K. Patel- wife of beloved Rev. Daaji – Spiritual Guide of Heartfulness and President of Shri Ram Chandra Mission flagged off the 2km Family run. This is the first time the global run category has been introduced to encourage participants worldwide to join in from their locations, ensuring that distance is no barrier to making a difference. 

Mr. Anil Arora- President and Head of Global Operations of Granules India, Mr. Anant Sanjeev Doogar- Director of Nile Mile, Marathon Partner of Granules Green Kanha Run; and Rev Daaji – Spiritual Guide of Heartfulness and President of Shri Ram Chandra Mission gave away the awards.  

The flag off timings (race timings) are 21km- 05:45am; 10km- 06:25am; 5km- 07:30am and 2km- 07:50am. Overall Winner was chosen based on Gun Time; Age Category winners were chosen based on Chip Time. A runner would start his race within 15 minutes from their respective Flag Off Time of the race. Cut off time for finishing the race were 3hrs 30 mins for 21km; 90 mins for 10km; 60 mins for 5km: no cut off time applicable for 2km.  

Mrs. Uma Chigurupati, Executive Director – Granules India Limited said, “It is an exhilarating experience to see the level of participation. Fitness and environment are the core of my heart. The Granules Green Kanha run has given the platform for the runners to show their support for both fitness and environment. I hope the message reaches more and more people and they start taking fitness and environment as part of their daily lives.” 

Rev. Daaji – Guide of Heartfulness and President of Shri Ram Chandra Mission said, “Our mission is to raise the green cover on earth and sensitize people on the importance of a healthy ecosystem. It also begins at holistic wellness and our relationship with the environment. Our ancient traditions have always taught us to worship nature. We have also associated our holistic wellness with respect for nature. The Granules Green Kanha Run is successfully driving the message.” 

This year’s marathon editions are themed around Water, and the subsequent two-year marathons will be themed around Fire and Earth respectively – making for the three important nature elements that symbolize Heartfulness’s commitment to nurturing and safeguarding the environment. At the end of the three-year cycle, participants will interlock their earned medals from each year, forming a unified symbol of their contribution to a unified, healthier world. 

In the first edition, 3,500 dedicated runners joined the movement, leading to the plantation of 4,000 trees. Esteemed personalities like Pulella Gopichand, Honourable Union Minister of Sports Shri Anurag Thakur ji, Honourable Minister of Sports for Telangana, Shri Srinivas Goud, and Uma Chigurupati from Granules were present, adding luster to the event and showing their staunch support for a healthier environment. 

The Granules Green Kanha Run is being supported by Granules Trust as title sponsor apart from Hyderabad Runners as community partners, Medicover Hospitals as Recovery and Medical partner, Decathalon as Gifting partner, Timing Miles as timing partner, Nile Mile as marathon partner, Hira Pipes as goodwill sponsor and T-tales and Smart Farmers as Goodies Partner, Westin, Eblu, HTC Global Services and Fever FM. All the proceeds of the marathon will go towards Forests by Heartfulness initiative.  

The Granules Green Kanha Run is a groundbreaking marathon event aiming to combine physical fitness and environmental responsibility. The event is a stride towards a significant change, nurturing a culture of health, unity, and environmental conservation. 

Photo Caption :Rev. Daaji – Guide of Heartfulness and President of Shri Ram Chandra Mission, Mr. Anil Arora – President and Head of Global Operations of Granules India give away prizes to the winners of Granules  India Green Kanha Run at Kanha Shanti Vanam. 

GreenCell Mobility’s Premium Electric Bus Brand “NueGo” Expands Operations In Karnataka

* Announces the launch of sustainable connectivity between Bengaluru-Puducherry and Bengaluru-Coimbatore  

GreenCell Mobility, a leading provider of sustainable mobility solutions, is pleased to announce its further expansion in the state of Karnataka by launching two new routes. India’s leading electric bus brand NueGo will now be offering sustainable connectivity between Bengaluru – Puducherry and Bengaluru – Coimbatore. Currently, the brand is successfully operating in more than 45+ cities across the country offering a seamless booking process, premium travel experience and a safer, more sustainable ride.  

NueGo is poised to change the way commuters travel by providing environmentally sustainable and convenient transportation solutions. NueGo has been providing premium services across India, including Delhi-Chandigarh, Delhi-Agra, Delhi-Dehradun, Delhi-Shimla, Delhi-Jaipur, Agra-Jaipur, Delhi-Ludhianain the North and Bengaluru-Tirupati, Chennai-Tirupati, Chennai-Bengaluru, Chennai-Puducherry, Hyderabad-Vijayawada, Hyderabad-Eluru in the South. 

Devndra Chawla, MD & CEO, GreenCell Mobility said, "We are excited to expand our operations in Karnataka by adding network routes under our NueGo brand.  GreenCell Mobility is dedicated to offering ecologically responsible and convenient transportation options to our customers. We hope that by implementing these routes, we will improve commuters' travel experiences while also contributing to a greener future." 

NueGo, known for its emphasis on accessibility and customer happiness, provides a wide choice of buses that operate around the clock. NueGo ensures a pleasant and seamless experience for both business and leisure travelers. With various boarding stations throughout Bengaluru, NueGo provides travelers with unrivalled flexibility and convenience with buses stop in Attibele, Bommasandra, Electronic City, Silk Board, Madiwala, Dairy Circle, Nethaji Nagar, Shanthinagar, Majestic, Yeshwantpur, and Nagasandra Circle.  

NueGo buses serve several drop-off places in Puducherry, allowing customers to exit at their desired destinations. The New Bus Stand, the Indira Statue, and Jipmer are key drop-off spots in Puducherry, giving travelers with easy access to their ultimate destinations. 

NueGo, by GreenCell Mobility, stands as a primary brand for inter-city travel across India with its collaborative, diverse, and electric approach to their transportation model. Commuters on these routes are ensured an exceptional journey, where they are assisted to their seats, provided with clean, disinfected tissues and water bottles, and can indulge in a serene ride aboard NueGo's noiseless AC electric buses. The coaches are also equipped with state-of-the-art advancements, offering comprehensive convenience to passengers.  

Positioned as the premier choice for safe and sustainable travel, NueGo sets the bar high with an array of safety features. These include robust measures such as CCTV surveillance, driver breath analyzers, driver monitoring systems, and speed limit checks. To ensure utmost safety, NueGo's coaches undergo 25 meticulous safety checks, encompassing both mechanical and electrical inspections. This focus on safety makes NueGo a preferred travel companion, especially for female passengers seeking a secure journey. 

NueGo leaves no stone unturned in delivering a flight-like experience to its passengers. Mobile charging points, generous leg space, and comfortable reclining seats create an environment akin to air travel. Remarkably, these electric coaches can cover 250km on a single charge, even while running air conditioners in traffic conditions. 

Infused with cutting-edge technology, NueGo coaches epitomize convenience for inter-city travellers. With an unwavering commitment to safety, punctuality, and an exceptional travel experience, NueGo excels on all fronts.  

Tickets for travel on its operating routes can be conveniently booked through NueGo's official website (https://nuego.in/) or via digital platforms like the NueGo app, Redbus, Paytm, and Abhi bus. 

About NueGo:  NueGo is India’s leading premium electric bus coach brand from GreenCell Mobility. A customer centric brand, NueGo coaches go through 25 stringent safety checks including mechanical and electrical inspections. These electric coaches can run 250 kilometers in a single charge, with the air conditioners on, in traffic conditions. NueGo coaches are fitted with innovative technology and offer end-to-end convenience for inter-city travellers with focus on Safety, Punctuality, and seamless customer experience. NueGo has well trained and courteous staff, offers airport-like premium lounges in selective cities. These lounge offers customer assist, luggage management services and curated F&B menu and on board with on-time performance.  

Mother's Recipe And Fortune Sunlight Oil Join Hands To Spread Festive Cheer

Mother's Recipe, a renowned brand known for its delectable and traditional flavors, is excited to announce its collaboration with Fortune Sunlight Oil, a trusted brand from the Adani Wilmar Group, for a grand festive promotion. With a focus on the vibrant states of Karnataka, Telangana, Andhra Pradesh, and the culturally rich regions of Kerala and Tamil Nadu, this collaboration aims to bring joy and culinary delight to countless households during the upcoming festive season. 

Under this exciting collaboration, customers can avail of a special offer on the purchase of Fortune Sun Lite 5 Liters, wherein they will receive a complimentary 200g pack of Mother's Recipe Ginger Garlic Paste. This promotional offer aims to enhance the festive spirit and elevate the culinary experience for families across these states. 

In conjunction with this campaign, Adani Wilmar has launched an extensive TV campaign on leading channels such as Zee Kannada, along with placed Point of Sale Materials (POSM) including posters for high retail visibility. This multi-faceted promotional approach ensures that the message of this exclusive collaboration reaches every household, creating a buzz and anticipation for the upcoming festivities. 

Ms. Sanjana Desai, Executive Director of Mother's Recipe, expressed her enthusiasm about this collaboration, stating, "Diwali is one of the momentous festivals that holds a special place in the hearts of Indians. And to make this Diwali even more special for our consumers, we have collaborated with Fortune Sunlight Oil. Mother’s recipe Ginger Garlic Paste with the rich aroma & free from Class II Preservatives, we are confident that this promotion will add an extra layer of joy and flavor to the festive celebrations of our customers." 

With this festive offer, Mother's Recipe aims to bring families together to celebrate the joyous occasions with festive dishes without any Class II preservatives and any added colours. 

About Mother’s Recipe  

Desai Foods Private limited owns the brands Mother’s Recipe, ELMAC, Spread On & Dabee. The company with a robust distribution network across the country caters to diverse formats ranging from mom & pop stores, modern trade outlets, multi-functional outlets, e-commerce, Defence and to Hotel Restaurants & Cafes (HORECA) / Food Service outlets. The company is one of the largest providers of traditional & authentic Indian taste exported to more than 45 countries in the world. The current product portfolio in India consists of Pickles, Condiments Pastes, Blended Spices, Ethnic Chutneys, Papad, Ready to Cook Spice Mixes and Instant Mixes. The company has 3 state of the art manufacturing facilities – in Pune, Kolkata & in Bharoda and is certified under ISO 9001-2008 and ISO 22000-2005. Mother’s Recipe have won various awards like the Consumer Voice Award, the Super brand Award, Product of the Year award along with ‘Two Star Export House’ status by the Ministry of Commerce and Industry, Government of India.  

All the products are available to buy online on www.mothersrecipe.com   

Canara Bank Conducted Its First Marathon At Sree Kanteerava Stadium On 19th November 2023

Canara Bank has conducted its first Marathon in the vibrant city, Bengaluru at Sree Kanteerava Stadium on 19th November 2023.

The event was flagged off by the MD & CEO of Canara Bank, Shri K Satyanarayana Raju along with Non-Executive Chairman of the Bank, Shri Vijay Srirangan and Executive Directors of the Bank, Shri Debashish Mukherjee, Shri Ashok Chandra, Shri Hardeep Singh Ahluwalia, Shri Bhavendra Kumar.

Over 7000 participants have competed in three different categories of the Marathon: Canara Fun Run (3K), Canara Savings Run (5K), and Canara Premium Run (10K). The winners of 10K & 5K were awarded with Rs.2.00L & Rs.1.00L respectively. After the event, MD & CEO of Canara Bank Shri K Satyanarayana Raju has felicitated various international sports dignitaries.