Monday, February 26, 2024

FundsIndia Unveils Comprehensive “Employee Benefits Program” Amidst Ambitious Growth Plans


 * FundsIndia empowers employees with ESOPs and NPS

 In a strategic move to foster employee loyalty and encourage long-term commitment, the FundsIndia, India's leading online investment platform, has officially launched its Employee Stock Ownership Plan (ESOP) and National Pension Scheme (NPS) for all its employees.

The ESOP is an unprecedented initiative covering employees across all levels, demonstrating FundsIndia's commitment to inclusivity and recognizing the integral role each staff member in the company's success. By granting stock options to all employees, FundsIndia seeks to align their interests with the organization's long-term objectives, fostering a shared sense of ownership and motivation.

Furthermore, FundsIndia is extending the opportunity for its employees to participate in the National Pension Scheme (NPS), reinforcing its commitment to employee welfare and financial security. The company will make the first contribution on behalf of its employees, providing them with an additional social security cover and the chance to benefit from higher tax breaks while building a robust retirement fund.

Mr. Girirajan Murugan, CEO of FundsIndia, expressed enthusiasm about the initiatives, stating, "FundsIndia has been committed to supporting the career growth and aspirations of our employees. This announcement reiterates our commitment to inclusivity and shared access to long-term financial benefits for them. FundsIndia is in a growth phase now. So, we want our employees to be onboard at the beginning of this growth phase itself, so they gain considerably from the future growth."

“Moreover, offering NPS, introduced as part of the comprehensive employee benefits program, serves as an extra layer of financial protection and stability for employees, complementing the existing array of benefits provided by the company," he adds.

FundsIndia, currently well-positioned to enhance its investment offerings and expand its presence as one of India's most trusted financial services brands, invites aspiring individuals to consider joining the company. The company envisions hiring a large number of new talents by December 2024 as it enters a phase of rapid growth. The firm is particularly interested in candidates with a strong technical background and a deep understanding of financial markets, products, and services to meet the evolving needs of its diverse customer base.

As fintech continues to evolve, FundsIndia is at the forefront, providing users with a simple, faster, cheaper, and more convenient way to access financial services, thus supporting multiple aspirations, from tapping new market segments to exploring opportunities in foreign markets.

For more information about FundsIndia and career opportunities, visit https://www.fundsindia.com/

iOPEX Launches Compliance And Governance Add-On For ServiceNow's Creator Workflows


• iOPEX is ServiceNow's lead launch partner for Creator Workflow Solutions to enable adoption and developing solutions focus towards, compliance, governance & optimizing cost to serve and cost to book.

• iOPEX’s industry expertise and solutions to drive byte-size transformation powered by ElevAIte AI-led platforms, integrated with ServiceNow's Creator Workflow platform enables end-to-end digital transformation.

• iOPEX newly assembled ServiceNow Creator workflow Business Group will bring in an integrated offerings to deliver next-generation, easy to implement, cost-optimized digital solutions for clients.

iOPEX Technologies, a leader in innovative digital transformation solutions, proudly announces its latest offering: a Compliance and Governance add-on designed exclusively for ServiceNow's Creator Workflows. This state-of-the-art add-on is specifically engineered to enhance the capabilities of ServiceNow by integrating comprehensive compliance and governance functionalities, including advanced integrated risk management strategies.

This add-on empowers organizations to proactively manage compliance and governance challenges within their ServiceNow environment. By automating compliance tasks, risk assessments, and reporting, the add-on ensures that businesses can adhere to regulatory requirements more efficiently and effectively. Features include streamlined compliance processes, enhanced risk visibility, and automated governance controls, all built on the flexible and powerful platform of ServiceNow Creator Workflows.

"Building custom apps and intelligent workflow automations that ensure all business procedures, operations and practices comply with legal standards, industry regulations, and internal policies is a growing requirement in the market as clients rush to digitally transform as much as possible. Because all organizations run and operate a bit differently, ServiceNow’s Creator Workflows has the flexibility required to build any solution for automating intelligent workflows, and custom applications for use cases we don’t have out of the box”, said Craig Steel, Global VP ServiceNow – Creator Workflow.

"Our Compliance and Governance add-on, enriched with integrated risk management capabilities, signifies our commitment to providing robust, innovative solutions that address the complex needs of modern enterprises," said Shiva Ramani, CEO of iOPEX Technologies.

iOPEX’s experience with ServiceNow allows them to leverage Creator Workflows to build custom solutions unique to an organization and business on the ServiceNow platform. ServiceNow and iOPEX have a great partnership that customers can leverage to streamline operations, scale business, drive smart innovation at optimal cost to build and improve operational efficiencies. 

About iOPEX Technologies

iOPEX Technologies is a global provider of digital transformation and operational excellence solutions, leveraging advanced technologies such as AI and automation to optimize business processes. With a focus on innovation, sustainability, and customer-centricity, iOPEX delivers tailored solutions that drive efficiency, improve customer experiences, and foster digital growth. From digital transformation consulting to next-gen IT services, iOPEX is dedicated to delivering excellence and value to businesses looking to navigate the digital landscape.

For further details about iOPEX Technologies and its solutions, visit www.iopex.com.

Canadian Wood Showcases The Versatility Of Its Five Timber Species At The India Wood 2024 In Bengaluru


The British Columbia (B.C.) provincial government's crown corporation, Forestry Innovation Consulting India Pvt Ltd (FII India), popularly known as Canadian Wood, participated in India Wood 2024, the 13th edition of Asia’s leading international trade fair for the woodworking and furniture manufacturing industry. The exclusive event, which took place from 22nd – 26th February 2024 at Bangalore International Exhibition Centre (BIEC), garnered immense success as it attracted renowned industry experts, architects and visionaries from all over the world to participate in it.

Canadian Woods' stall at the recently concluded fair spanned an impressive 130 sqm and offered a unique and immersive experience for visitors. The exhibition featured a diverse range of timber applications, displaying the versatility and sustainability of responsibly sourced wood in various settings. It presented a meticulously designed model of a high-end luxury hotel room suite with an outdoor balcony. The layout was crafted by renowned architect Gurpreet Singh from Aakar Design Consultants in collaboration with renowned wood manufacturers such as Mas Furniture and Bram Woodcrafting from Mysuru, Josmo Studio from Goa and few products of FJEG boards were made by Colonial Lumbers, Kannur to demonstrate the quality and craftsmanship of their furniture achievable with Canadian Wood species.

The high-end luxury hotel room suite model showcased the seamless integration of the brand’s timber in various applications, including bedroom and living room furniture, doors and doorframes, windows, panelling, timber screens, sliding windows, bar units, and outdoor furniture. Two lumber companies from Canada - Sundher Group and LumberX Resources – were also part of the exhibition, further strengthening the global collaboration and supply for the timber industry in India.

Talking about the experience, Pranesh Chhibber, Country Director of Canadian Wood, “"At Canadian Wood, our commitment to sustainability goes beyond borders. Anything under the Canadian Wood umbrella is not just legally harvested and certified; it's a testament to our dedication to environmentally friendly practices, as we source from sustainably managed forests, ensuring a renewable raw material. Our participation in India Wood is not just about showcasing products; it's a strategic move to connect with our target audience, facilitating a bridge between buyers and sellers. We collaborate with top-line manufacturers in India, educating them on our five unique wood species suitable for various applications. The exclusivity lies in Canada's possession of four softwood species found nowhere else in the world—Western Hemlock, Douglas-Fir, Yellow Cedar, Spruce-Pine-Fir, and Western Red Cedar. From the naturally resistant outdoor applications of the cedars to the elegant interiors crafted from Western Hemlock and Douglas-Fir, Canadian Wood stands as a global beacon for quality, innovation, and environmental responsibility."

Shabbir & Alifiya Vagh from Masfurniture says, “We've been collaborating with Canadian Wood for many years, dating back to the inception of FII in India. We've utilized various formats, including solid wood, laminated wood, edge-glued wood, and finger-jointed wood, across different timber types like Western Hemlock, Spruce-Pine-Fir, Yellow Cedar, Douglas Fir, and Red Cedar for exterior applications. Each wood type demonstrates excellent workability, and we've gained a deep understanding of their unique attributes for various purposes. In our display at India Wood, the Hemlock stands out for its exceptional staining capabilities and workability. Contrary to common misconceptions about softwoods, we've successfully furnished an entire hotel room with it, and the positive reception indicates its well-appreciated quality. Our experience with Canadian Wood has been exceptional, and we are pleased with the results.”

Tony Kordolia from JOSMO says, "Our team's latest masterpiece: a beach-inspired bar cabinet was a great success at #IndiaWood2024. Crafted with precision using premium Canadian timber, this bar exudes a distinct beachy feel, capturing the essence of relaxation and style. The impeccable grain design of the Douglas Fir elevates its uniqueness, turning it into a true work of art. Strengthening the structure is our innovative use of cross-lamination, showcasing not only aesthetic brilliance but also structural integrity. When it comes to reliable wood quality, Canadian Wood is undoubtedly our go-to name, ensuring that every detail of this bar cabinet reflects excellence and craftsmanship.”

Bram from Bram Woodcrafting Studio says "As a woodworker with two decades of craftsmanship, wood is not just my profession but my lifelong passion. Growing up in France, I developed a deep connection with woodworking, and now, teaching this art is my way of giving back. In India, where the vocation of woodworkers is not widely known, we have found immense fulfilment. Wood, to me, is more than a material; it's a source of endless inspiration and earthy warmth in interior spaces. The response at India Wood has been truly rewarding, especially through collaborations with Mass Furniture and Canadian Wood. Across four collaborations with Canadian Wood, we've explored different species, and the standout Yellow Cedar, for instance, has proven excellent for crafting windows. Canadian Wood's high-quality species facilitate timeless designs, making each creation an ode to the beauty and versatility of wood."

Top of Form

Canadian Wood also participated in the Wood in Architecture & Design Conference (WAD 2024), a parallel event at the five-day trade fair, which also included a discussion on the topic of ‘Harvesting Hope: Pioneering Sustainable Future through Timber Construction’.  One of the panel speakers at the discussion also featured Mr Pranesh Chhibber, Country Director of Canadian Wood. He contributed with valuable insights and perspectives, emphasising Canadian Woods' commitment to sustainable practices in the timber industry.

The brand made a significant impact at the Wood in Architecture & Design Conference (WAD 2024), where crucial aspects of the timber industry were brought to light. The conference delved into the global wood trade, emphasizing that wood is the most traded natural resource, but a staggering 10 to 30% of this trade is illegal. The discussions also highlighted the pivotal role wood can play in helping India achieve its COP26 commitments, emphasizing the importance of legally harvested and certified wood for a sustainable future. Myth-busting sessions addressed misconceptions surrounding sustainability, revealing the untapped potential within the industry. Despite the substantial annual import of about 7 million cubic meters of wood to India, there remains a large cross-section of individuals unaware of the opportunities in this sector. Notably, the conference shed light on the significant growth in the import of softwood from Canada over the past decade, showcasing the expanding market for Canadian timber. Through platforms like WAD 2024, Canadian Wood aims to raise awareness and reach out to a broader audience, fostering a greater understanding of the industry's potential and sustainability practices.

Canadian Wood was at the centre of all activities at the exhibition, which gave them an opportunity to engage with industry professionals, showcase their innovative timber solutions, and contribute to the discourse on sustainable timber construction at India Wood 2024.

FII largely promotes five wood species in India that are sourced from the sustainably managed forests of B.C., Canada. These five species, namely Douglas, Western Hemlock, Western Red Cedar, Yellow Cedar and Spruce-Pine-Fir (SPF), are recommended for different applications. They are available in 23 cities across India through a strong network of 40+ stockists.

About Forestry Innovation Consulting India Pvt Ltd (Canadian Wood)

FII India is a crown corporation of the government of British Columbia (B.C.), the western most province of Canada. Its mandate is to promote wood products from B.C. Canada in the offshore markets and to position it as a global supplier of quality, environmentally responsible wood products from sustainably managed forests by creating awareness, spreading education through information and technical support on the wide variety of timber products available from B.C. Canada. Its brand/logo Canadian Wood was established in 2013 to reach out to the ease of understanding of its activities by its target audience globally.

Learn more about Canadian Wood. Visit: www.canadianwood.in

What is rank of Axis Bank in India?

It is India's third largest private sector bank by assets and Fourth largest by Market capitalisation.

D K Shivakumar, Hon’ Deputy Chief Minister of Karnataka inaugurates 21 Branches Of Axis Bank In The State


* Axis Bank now has a total of 324 branches & 1525+ ATMs in Karnataka state

Axis Bank, one of the largest private sector banks in India, today inaugurated 21 new branches in Karnataka. These branches were inaugurated by Chief Guest – Shri. DK Shivakumar, Honorable Deputy Chief Minister of Karnataka and Shri. Priyank Kharge, Honorable Cabinet Minister, Minister of State for IT, BT and Science & Technology in the presence of senior leadership from Axis Bank – Mr. Amitabh Chaudhry, MD&CEO; Mr. Subrat Mohanty, Executive Director – Banking Operations & Transformation; Mr. Ravi Narayanan, Group Executive & Head – Branch Banking, Retail Liabilities and Products and Arnika Dixit, President & Head- Branch Banking. 

These new branches are strategically located across various regions of the state namely Bengaluru, Udupi, Vijayapura, Haveri, Hassan, Koppal, Tumkur, Shimoga and Vijayanagara. Among these, 9 branches are situated in metropolitan areas, 4 in urban centers, 3 in semi-urban regions, 2 in rural areas, and 3 in rural unbanked regions. The newly inaugurated branches will be equipped with state-of-the-art facilities and technology-driven banking solutions, aimed at enhancing customer convenience and efficiency.

Speaking on the occasion, Amitabh Chaudhry, MD & CEO, Axis Bank said "Axis Bank is proud to be part of Karnataka’s incredible growth and development journey. The state has evolved as a nucleus of economic development, not only for India but for the global stage. It is home to hundreds of start-ups and entrepreneurs. Our 21 new branches located at strategic locations represent more than just physical space, it is a promise—to empower, support, and serve. Our business in the state has seen significant expansion in the last few years, and we will strive to keep raising the bar with tailored solutions, exclusive benefits and value-driven approach that resonate with our customers’ aspirations.”

Commenting on the branch inauguration, Ravi Narayanan, Group Executive & Head - Branch Banking, Retail Liabilities and Product, said, "It is a proud moment for all of us as we add these 21 new branches to our robust branch network in Karnataka. The inauguration of these branches stands as a testament to our commitment to empower businesses, facilitate financial inclusion, nurture talent, and drive socio-economic progress in Karnataka and beyond. We strive to expand our reach and bring our services closer to our valued customers and ensure convenience and ease of access for all.”

In addition to expanding its physical footprint, Axis Bank has been deeply committed to promoting economic growth, community development, and environmental sustainability in Karnataka. As the founding sponsor of the India Global Innovation Connect (IGIC), a Bengaluru-based global landmark event focused on startups, the Bank has played a crucial role in nurturing startup innovation and entrepreneurship. The SPLASH initiative of Axis Bank creatively engaged over 33,000 children from all over Karnataka, encouraging them to express their thoughts through art, craft, and literature.

Moreover, Axis Bank has reaffirmed its dedication to sustainability with the successful implementation of its Green Initiative in Karnataka. Remarkably, 92% of all branch transactions in the state occur through digital platforms, thereby marking a substantial reduction in paper usage and a significant contribution to environmental conservation. Additionally, the Bank earned two prestigious titles in the Asia Book of Records for its Clean-A-Thon cleanliness campaign, with notable efforts in the state. These initiatives underscore Axis Bank’s holistic approach to banking, combining financial services with responsible corporate citizenship and environmental stewardship, thereby fostering a meaningful impact within the communities it serves.

About Axis Bank:

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 5,252 domestic branches (including extension counters) and 15,931 ATMs across the country as on 31st December 2023. The network of Axis Bank spreads across 2,910 centres, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation. 

For further information on Axis Bank, refer to the website: https://www.axisbank.com

Suzuki Motorcycle India Celebrates 1 Million Two-Wheelers Produced Within FY 2023-24


Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan today announced a significant achievement in its history. With unparalleled dedication to excellence and innovation, SMIPL has reached the remarkable milestone of producing 1 million two-wheelers within the financial year 2023-24. This milestone marks the full utilization of the plant’s annual production capacity in less than a year.

The very popular Suzuki Access became the 1 millionth celebratory unit that was rolled out from SMIPL’s Kherki Dhaula plant in Gurugram. Since its inception in February 2006, SMIPL has continued to grow and expand its presence in the industry. This accomplishment reinforces the company’s dedication to providing high-quality, reliable, and innovative two-wheelers to the riders.

Expressing his gratitude on reaching this momentous milestone, Mr. Rajneesh Kumar Mehta, Executive Vice President, Production, Suzuki Motorcycle India Pvt. Ltd. said, “Achieving the production of one million units in less than a year is a remarkable accomplishment for Suzuki Motorcycle India. In order to keep up with the consistently increasing demand for Suzuki Two-Wheelers both from the domestic market and our overseas markets, we have gone beyond our original installed capacity of 1 Million Units per year. Our Workmen and Engineers have demonstrated very high level of ingenuity and commitment while operating the plant at its peak capacity and simultaneously taking steps to enhance delivered capacity. We are thankful to all our employees and our suppliers whose efforts have made this significant milestone possible.”

Commenting on this achievement, Mr. Yasuyuki Ikeuchi, Executive Officer, Production, Suzuki Motorcycle India Pvt. Ltd. said, “This milestone underscores our unwavering commitment to meet our customer expectations not only in terms of demand but also in terms of quality standards that are associated with Brand Suzuki. I thank all our employees and business associates for their continuous support in enabling us to come upto our customer expectations both in terms of quantity and quality.”

ABOUT SUZUKI MOTORCYCLE INDIA PVT LTD (SMIPL)

Suzuki Motorcycle India Private Limited is a subsidiary of Suzuki Motor Corporation, Japan wherein they have the same manufacturing philosophy of PRODUCTS OF SUPERIOR VALUE right from the inception. SMIPL manufactures two-wheelers best suited for valuable Indian customers. The Company started its India operation in February 2006, having an annual production capacity of 1 million unit.

Camla Barcelona AutumnWinter'24 Roadshow – The Brands Exclusive Showcase In Delhi


Camla Barcelona, the renowned fashion brand celebrated for its premium designs, showcased its AW’24 collection at the WelcomHotel by ITC in Dwarka, Delhi, on February 20th and 21st, 2024.

The Camla Barcelona Roadshow, the collection preview event, offered an exclusive experience, inviting industry experts, collaborators, and media representatives to witness the brand's newest creations. The event was a captivating episode, offering attendees a glimpse into global trends that will define Camla Barcelona's signature style in the next season.

The AW’24 collection features vibrant hues, intricate patterns, and awe-inspiring silhouettes that radiate the essence of cosmopolitan charm. From chic casual wear to elegant evening ensembles for men and women, Camla Barcelona continues to push the boundaries of fashion.

"We are thrilled to bring the Camla Barcelona Roadshow to Delhi and showcase our AW’24 collections” said Ashish Jain, Director, Camla Barcelona. "This event presents a unique opportunity for us to connect with our B2B Partners, Industry experts, and introduce them to the upcoming offerings by our brand.”

In addition to the fashion showcase, attendees look forward to interactive sessions with Camla Barcelona's design team, providing insights into the creative process and inspiration behind each collection. The event features live music, refreshments, and networking opportunities, ensuring a memorable experience for all.

About Camla Barcelona  -

Camla Barcelona  is an International brand, designed in Barcelona that captures the restless spirit of young modern men & women, who’re confident in their own skin, and like to create their own style. Camla Barcelona provides them wide-ranging options for effortless & essential dressing, inspired by International vibes.  The range reflects the global vibes of the young & restless tribe of men and women, who live life by their own rules, and for whom fashion is a way to express their mindset.

Owned by the Jain Amar House of Fashion, Camla Barcelona is today available in over 100 retail points as well as leading fashion portals, including its own platform www.glamly.com

Yamaha Track Day Event In Bangalore Thrills Over 300 Ardent Yamaha Fans


~ Over 100 Yamaha owners experienced the exhilaration of riding on a track

~ An exclusive display of the latest YZF-R3 and MT-03 along with the existing and most sought-after Yamaha line-up was also arranged

India Yamaha Motor (IYM) Pvt Ltd., organised an exclusive Track Day event for its customers, at Aruani Grid in Bangalore on 25th February 2024. The event, organised as part of the exciting "The Call of The Blue" brand campaign, witnessed an enthusiastic participation of over 100 Yamaha owners and more than 300 ardent Yamaha fans from Bangalore and nearby areas, making it an extraordinary success.

The Track Day Event at Aruani Grid, Bangalore provided Yamaha owners with a wonderful opportunity to experience the thrill of riding their own Yamaha motorcycles on a track. Participants got the chance to explore the dynamics of lean angles, high-speed cornering, precise braking, and body movement, while also discovering the benefits of advanced features such as quick shifters and traction control systems available on their machines.

Along with the display of Yamaha’s favourite bikes, the spectators were treated to a mesmerising YZF-R3 and MT-03, two new additions to Yamaha India’s lineup that promise to redefine the standards of performance and style in their respective categories. Several other engagement activities were also integrated, that include Yamaha Apparels & Accessories display, Photo-op zone, and Gaming zone, adding an extra layer of excitement and engagement to the event.

This event serves as one of many platforms organized by Yamaha to reinforce its global identity as an exhilarating brand with a rich racing legacy, fostering a sense of pride and community among its customers.

With “The Call of the Blue Track Day Activity”, Yamaha aims to engage with a wider audience across India and promote the updated 2024 line-up of Exciting, Stylish & Sporty two-wheeler range comprising of the YZF-R3 (321cc), MT-03 (321cc), YZF-R15 V4 (155cc), YZF-R15M (155cc), YZF-R15S (155cc), MT-15 V2 (155cc), FZS-Fi Version 4.0 (149cc), FZS-Fi Version 3.0 (149cc), FZ-Fi Version 3.0 (149cc), FZ-X (149cc) and scooters like AEROX (155cc), Fascino 125 FI Hybrid (125cc), Ray ZR 125 FI Hybrid (125cc), Ray ZR Street Rally 125 FI Hybrid (125cc).

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