Philip Morris International’s India Affiliate Appoints Kingshuk Das As Director- People & Culture

Philip Morris International (PMI)’s India affiliate IPM India announced the appointment of Kingshuk Das as Director- People & Culture, effective January 1, 2025. With over 16 years of experience, he brings a wealth of expertise in strategic and operation HR, driving sustainable and inclusive growth, pivotal to IPM India’s transformational journey.

PMI has recently been featured among top 10 companies in the WSJ Management Top 250 Annual Company Ranking. In addition, IPM India is an Equal Salary certified organization and has received the Great Place to Work and Top Employer certifications for three & five years, respectively.

Kingshuk’s association with PMI began in 2012. Over the years, he moved across roles- People & Culture commercial in India, Talent Management in Hongkong, People & Culture Commercial role in Australia. In his last role, he was partnering the Global Operations organization, at Philip Morris Operational Centre, Switzerland.

Commenting on the appointment, Navaneel Kar, Managing Director, IPM India said, “Kingshuk has deep understanding of our business and applies this knowledge to the people and culture solutions he delivers. He is curious and intellectual, full of energy and enthusiasm, with a strong hunger for learning. With his experience working across markets, Kingshuk will bring a valuable perspective to this role. His entrepreneurial spirit and commitment to continuous learning makes him ideal to lead the next phase of growth for our India business & achieve our strategic objectives.” 

Kingshuk Das, Director - People & Culture, IPM India said, “I am excited to join the new role at this interesting phase of the organization and contribute to its growth & success. My passion lies in people-centric leadership along with elevating employee experience and fostering a dynamic culture of growth and innovation. I'm delighted to be a part of IPM India, where values like agility, collaboration, employee well-being, shape the ethos and culture of the organization.”

Beyond work, Kingshuk likes to spend his free time developing his culinary skills by exploring new recipes. He also enjoys going for long hikes to experience nature.  

About IPM India Wholesale Trading Private Limited 

IPM India Wholesale Trading Private Limited is a joint venture between Philip Morris Brands Sarl of Switzerland and two Indian partners, Godfrey Phillips India Limited (GPI) and K.K. Modi Investment & Financial Services Private Limited.

Landmark MoU Between Apollo Hospitals And Mayapada Healthcare To Boost Medical Excellence In Indonesia

·         MoU signed in the presence of the Hon’ble Minister of health, Government of Indonesia, Mr. Budi Gunadi Sadikin

Apollo Hospitals Enterprise Limited (AHEL), one of Asia’s leading integrated healthcare providers, has signed a significant Memorandum of Understanding (MoU) with Mayapada Healthcare Group, Indonesia. The partnership is set to transform the region’s healthcare landscape by enhancing medical capabilities, clinical programs, and operational excellence.

The MoU was signed in the esteemed presence of the Hon’ble Minister of Health, Government of Indonesia, Mr. Budi Gunadi Sadikin, reaffirming both organizations’ commitment to improving healthcare delivery in Indonesia and the surrounding region.

Through this collaboration, Apollo Hospitals will provide management expertise and operational services for Mayapada Healthcare’s upcoming hospital in Batam, Indonesia. The agreement also includes the exchange of clinical knowledge and program development in specialized fields such as oncology, cardiology, neurology, and transplant surgery.

Both organizations will leverage advanced technologies like Tele-Radiology, E-ICU, and Artificial Intelligence (AI) programs to enhance patient care and accessibility. Training programs for doctors and nurses will focus on evidence-based practices, specialized care, and advanced medical techniques. Apollo Hospitals plans to deploy up to 1,000 specialists, including doctors, nurses, and technicians, to support Mayapada Healthcare’s facilities.

The collaboration will also promote online education for healthcare professionals through Apollo’s Medvarsity platform and initiate a Double Degree Nursing Program, providing Indonesian healthcare professionals with global exposure. Additionally, Mayapada Healthcare and Apollo Hospitals will jointly conduct Continuing Medical Education (CME) programs and host international healthcare events to foster professional development.

Dr. Prathap C. Reddy, Founder and Chairman, Apollo Hospitals, said, "This partnership marks a significant milestone in our journey to extend world-class healthcare services beyond India. By collaborating with Mayapada Healthcare Group, we aim to bring our clinical expertise, advanced technologies, and best practices to Indonesia. Together, we aspire to build a robust healthcare ecosystem that empowers people with access to quality care and improved outcomes."

Dr Sangita Reddy, Joint Managing Director, Apollo Hospitals, said, “At Apollo Hospitals, we believe in building strong global partnerships to ensure that healthcare innovation transcends borders. Through this MoU with Mayapada Healthcare, we are committed to creating a strong foundation for excellence in healthcare delivery in Indonesia, introducing cutting-edge programs, and enabling knowledge transfer to empower healthcare professionals."

Mr. Jonathan Tahir, Chairman and Group CEO, Mayapada Healthcare Group, said, "We are delighted to partner with Apollo Hospitals, a globally renowned leader in healthcare. This collaboration aligns with our vision to redefine healthcare standards in Indonesia. Together, we will not only enhance our operational capabilities but also provide our patients access to advanced treatments, innovative technologies, and a network of skilled healthcare professionals."

This collaboration marks a new chapter in healthcare for Indonesia, driving knowledge sharing, technological innovation, and improved access to high-quality services.

TKM, B.L.D.E.A's V.P. Dr.P.G.Halakatti College Of Engg And Tech Signs MoU To Establish 26th Centre of Excellence For Skill Development

* Strengthening commitment to India’s 'Skill India Mission' by fostering grassroots skill development

As part of its continuous efforts to bridge the gap between industry and academia, Toyota Kirloskar Motor (TKM) has signed a Memorandum of Understanding (MoU) with B.L.D.E.A's V.P. Dr.P.G.Halakatti College of Engineering and Technology to establish a Centre of Excellence (CoE) on campus. This initiative aims to equip students with practical knowledge and technical expertise in engines, powertrains, and their functionalities. By aligning academic learning with real-world industry demands, TKM aims to foster innovation, drive skill development, and prepare a future-ready workforce capable of addressing the evolving needs of the automotive sector.

The inauguration ceremony was graced by Hon’ble Minister for Industries, Government of Karnataka, Dr. M. B. Patil, Dr. V. G. Sangam, Principal - BLDEA's V.P. Dr. P.G. Halakatti College of Engineering along with Mr. Sudeep S Dalvi, Chief Communication Officer, Senior Vice President & Head State Affairs, and other senior officials.

Guided by Toyota’s global philosophy of excellence, the CoE is designed to provide students with immersive, hands-on training in automotive technology. The CoE will feature cut-section models of Toyota engines, transmissions, and powertrain components, along with do-it-yourself setups, enabling students to assemble and disassemble these systems while gaining in-depth knowledge of automotive mechanisms. To further enhance academic research and practical learning, TKM will equip the facility with advanced engine, transmission, and powertrain cut sections.

In addition, TKM will also organize extensive training programs for both teachers and students, equipping them with the latest knowledge and skills in automotive technology. The Center of Excellence (CoE) will feature a meticulously designed curriculum supported by expert trainers, cutting-edge facilities, and advanced equipment to deliver industry-leading skill education. To further enhance learning, comprehensive manuals will be provided to ensure clarity and in-depth understanding of complex concepts. Additionally, the initiative places a strong emphasis on faculty capability development, empowering educators with the necessary tools and expertise to impart high-quality training. This holistic approach reaffirms TKM’s commitment to fostering innovation, equipping students with industry-relevant skills, and nurturing a highly proficient workforce ready to meet the demands of the ever-evolving automotive industry.

Commenting on Toyota’s support in developing world-class infrastructure and skill programs, Dr. M. B.  Patil, Hon’ble Minister for Industries, Government of Karnataka said, “It is indeed a moment of pride to witness this collaboration between Toyota Kirloskar Motor and B.L.D.E.A's V.P. Dr. P.G. Halakatti College of Engineering and Technology to establish a state-of-the-art Centre of Excellence. This initiative is a testament to Toyota's unwavering commitment to fostering skill development and empowering the youth of Karnataka. By nurturing grassroots talent, initiatives like these not only uplift individual communities but also contribute to building a sustainable and self-reliant nation. I commend Toyota Kirloskar Motor for their vision and dedication to creating a robust ecosystem of learning and excellence and look forward to seeing the transformative impact this Centre of Excellence will have on students and the industry alike.”

Speaking on the occasion, Mr. Sudeep Dalvi, Chief Communication Officer, Senior Vice President & Head State Affairs - Toyota Kirloskar Motor said, “At Toyota Kirloskar Motor, our core belief is that the foundation of a strong and sustainable automotive ecosystem lies in the development of skilled talent. This partnership with BLD Engineering College to establish a Centre of Excellence is yet another step in our commitment to fostering grassroots-level skill development in line with the nation’s 'Skill India Mission.' This initiative goes beyond technical education—it is about nurturing a mindset for quality, innovation, and excellence that aligns with Toyota’s global philosophy. By creating a robust ecosystem of learning with expert trainers, state-of-the-art facilities, and a well-structured curriculum, we hope to inspire and empower the next generation to meet the demands of a rapidly evolving industry. Through such endeavours, we reaffirm our long-standing commitment to contributing to India’s vision of self-reliance, while also preparing the youth for the exciting opportunities that lie ahead in the automotive industry."

Over its 25-year journey in India, TKM has consistently championed skill development initiatives, ensuring that the rapidly growing manufacturing sector is equipped with a trained workforce.  The establishment of the CoE at B.L.D.E.A's V.P. Dr.P.G.Halakatti College of Engineering and Technology, Vijayapura is another significant step towards bridging the skill gap and building a sustainable future for India’s automotive industry. Looking ahead, TKM envisions fostering the next generation of engineers through the establishment CoE in various educational institutions across Karnataka. Through such initiatives, TKM aims to uphold its legacy of fostering innovation, quality, and self-reliance, empowering India’s youth with the skills required to thrive in a rapidly evolving industrial landscape.

Samsung Galaxy S25 Series Will Include At Least 50% Recycled Cobalt

* For The First Time in Galaxy History, the Battery of the Galaxy S25 Model Will Be Made With Recycled Cobalt Sourced From Previously Used Galaxy Smartphones

Following Galaxy Unpacked 2025, Samsung Electronics held its Galaxy Tech Forum event on January 23 in San Jose, California. Tech leaders and experts from around the world discussed the future of AI at Blanco, an Urban Venue, a three-story space located in the heart of Silicon Valley that blends historic architecture with a modern white design.

Samsung Newsroom visited the first Galaxy Tech Forum session, titled “How Mobile Technology Can Accelerate a Sustainable Future,” to learn about Samsung’s mobile innovations and partnerships that are contributing to a brighter tomorrow.

Samsung is committed to accelerating a sustainable future for both people and the planet.

Despite the numerous benefits offered to modern society, the rapid growth of the mobile industry has also brought significant environmental challenges. To address those challenges, Samsung has made the actualization of a sustainable future a cornerstone of the company’s vision for mobile devices.

“We’ve made significant progress in fostering sustainable practices throughout our product lifecycle and this is only possible through open collaboration with like-minded partners. And there is even more to come,” said Daniel Araujo, Head of Sustainability Management Office, Mobile eXperience Business at Samsung Electronics.

“Each device of the S25 series will include at least 50% recycled cobalt, and for the first time in Galaxy history, the battery of the S25 model will be made with recycled cobalt sourced from previously used Galaxy smartphones,” he continued, highlighting Samsung’s advancements in product circularity.

Leveraging Galaxy Camera Technology To Restore Vital Marine Ecosystems

Since the launch of the Galaxy S22 series in 2022, Samsung has incorporated over 150 tonnes of discarded fishing nets — equivalent to the weight of 15 million plastic water bottles — into Galaxy products. Along the way, the company has recognized the critical threat ocean-bound plastic poses to coral reefs and has taken a leading role in restoration efforts through strategic partnerships.

Dr. Stuart Sandin, a professor at the Scripps Institution of Oceanography, University of California San Diego said coral reefs are home to a quarter of all marine life, and over half a billion people depend on reefs for food, income and protection from storms and erosion. He added that with more than 50% of the world’s coral reefs already lost and ocean-bound plastic threatening the remaining marine ecosystems, new restoration methods using mobile technology are gaining traction.

“We partnered with Samsung because of our shared commitment to innovation and collaboration.

Our optimistic and technology-forward approach is contributing to new solutions for coral reef

restoration,” said Michael Stewart, co-founder of Seatrees — a nonprofit dedicated to protecting marine ecosystems. His announcement of the organization’s partnership with Samsung was followed by a trailer for an upcoming documentary about the collaborative efforts between the companies.

Araujo explained that to support Seatrees’ efforts, Samsung developed Ocean Mode[1] — a new camera setting that optimizes underwater photography on the Galaxy S24 Ultra. He discussed how the feature will provide valuable visual data that can be used to 3D map coral reefs to aid efforts for their restoration. The panelists acknowledged that mobile technology is making environmental conservation more accessible since high-quality data can now be collected with lightweight, user-friendly smartphones.

The Sustainability session provided an in-depth exploration of how mobile technology can address environmental and social challenges. Samsung’s unwavering commitment to innovation and sustainability is paving the way for meaningful change on a global scale.

Samsung hosted the Galaxy Tech Forum on January 23 in San Jose, California. The panels provided an in-depth exploration of Samsung’s AI innovations and the challenges they address across four key areas — Sustainability, Health AI, Galaxy AI and Home AI. During the Sustainability session, experts explored how Samsung's forward-thinking technology and strategic collaborations are building a more sustainable future.

The forum was organized into four sessions — Sustainability, Health AI, Galaxy AI and Home AI, — each addressing the transformative changes and challenges innovation will bring to these areas. With around 100 media representatives and industry professionals in attendance, the panels centered on the disruptive potential of AI and offered blueprints for future technologies across various sectors.

Photo Caption: (From left to right) Tamara Gondo, Michael Stewart, Dr. Stuart Sandin, Daniel Araujo and Cassie Smith.

Introducing Starlight Bar: Your Friendly Neighborhood Watering Hole In Sahakar Nagar

In the heart of Sahakar Nagar, a new star has emerged on the wine & dine scene. Starlight Bar, the latest offering from Shilton Hospitality, promises to be the go-to destination for those seeking a casual, affordable, and enjoyable drinking experience.

Located in a convenient spot, Starlight Bar is designed to be a friendly neighborhood bar where patrons can drop by any day of the week to unwind with a drink. The brainchild of Shilton Hospitality, Starlight Bar aims to fill the gap in the market for a laid-back, no-fuss bar that serves solid drinks and good food at great prices.

A Haven for Budget-Conscious Patrons

At Starlight Bar, the focus is on simplicity and affordability. The bar offers a wide range of drinks, including beers, IMFL, and cocktails, at unbeatable prices. Whether you're a beer aficionado or a cocktail connoisseur, Starlight Bar has something for everyone.

But what really sets Starlight Bar apart is its commitment to affordability. In an era where bars and pubs are increasingly pricey, Starlight Bar is a breath of fresh air. As Mr. Rajanish Babu, COO at Shilton Hospitality, notes, "Starlight Sahakar Nagar is all about affordability and comfort – a place where you can drop by any day of the week for a drink without worrying about the bill."

Delicious Bar Snacks and Comfort Food

No bar experience is complete without delicious food to accompany your drinks. At Starlight Bar, the menu features a range of tasty bar snacks and comfort food that are sure to hit the spot. From classic natti bar bites to more substantial comfort food options, there's something for every palate and preference.

A Welcoming Atmosphere

At Starlight Bar, the atmosphere is relaxed and welcoming. The bar's no-nonsense, friendly vibes make it the perfect spot to catch up with friends, watch a game, or simply unwind after a long day. As one satisfied customer, Ramesh, notes, "I've been to Starlight Bar a few times, and I love the laid-back atmosphere. The prices are great, the food is delicious, and the staff is always friendly. It's my go-to spot for a casual drink with friends."

Convenient Location

Located in the heart of Sahakar Nagar, Starlight Bar is easily accessible by public transport or ride-hailing services. The bar's convenient location makes it an ideal spot for those living or working in the area.

With its focus on affordability, delicious food, and welcoming atmosphere, Starlight is the perfect spot for anyone looking for a casual, no-fuss drinking experience. Whether you're a local resident or just visiting the area, Starlight Bar is definitely worth checking out. So why not drop by and experience it for yourself?

Kotak BizLabs Accelerator Programme Unveiled, Aims To Transform India's Startup Ecosystem

Kotak Mahindra Bank Ltd. (KMBL) has launched the Kotak BizLabs Accelerator Programme along with a nationwide marketing campaign. This initiative, part of Kotak’s CSR efforts, aims to help early-stage startups overcome growth challenges and scale their businesses.

In collaboration with incubators like IIMA Ventures, NSRCEL, and T-Hub, Kotak BizLabs Accelerator Programme will offer mentorship, market access, funding opportunities, and advisory support. The programme has already enrolled over 200 startups and conducted 15 roadshows in Tier-2 and Tier-3 cities such as Indore, Surat, and Warangal.

Kotak BizLabs Accelerator Programme aims to support around 1,000 startups in sectors like agritech, climatech, fintech, healthcare, edtech, and sustainability. The accelerator programme features a Virtual Knowledge Centre, providing resources like the Online Startup School, guides, and networking opportunities as well as mentoring and grant funding of Rs. 15 lakhs to select startups.

In order to spread awareness about the programme, Kotak has launched an integrated marketing campaign that includes a digital film that captures the spirit of entrepreneurs, set to the tune of “Ohh Dreamers, Tere Crazy Dreams Ki Talaash Hai.” The film highlights how entrepreneurs live and breathe their ideas, with Kotak BizLabs offering up support to further their growth.

Kedarswamy Ravangane, Executive Vice President – Marketing, Kotak Mahindra Bank, said, “Small businesses are the backbone of the Indian economy. With Kotak BizLabs Accelerator Programme, we provide a platform to help them navigate challenges, grow sustainably, and scale their operations. This campaign is our commitment to reaching out to small business owners across India and showing how this programme can help them chase their dreams.”

This initiative aligns with Kotak Mahindra Bank’s CSR strategy, focusing on fostering innovation, supporting job creation, and driving economic prosperity through entrepreneurship.

Aspiring Startups can apply for the Kotak BizLabs accelerator programme at: https://kotakbizlabs.accubate.app/ext/form/2802/1/apply

Capri Global Capital Ltd. (CGCL) Announced The Unaudited Financial Results For Quarter Ended December 31, 2024

* Consolidated Key Performance Highlights for 3QFY25 & 9MFY25

The Board of Directors of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI) announced the unaudited financial results for the quarter ended December 31, 2024. 

Key takeaways are as follows:

Business and Earnings Performance

Continued Growth Momentum in AUM; Crosses Rs 20,500 crs

CGCL continued the strong growth momentum in 3QFY25. The consolidated AUM including co-lending AUM increased 54.6% YoY to touch Rs 20,663 Crores. Retail growth was driven by Housing Loans up by 31% YoY and Gold Loans up by 196% YoY. In addition, our Micro Lap segment which we started in last quarter is seeing strong growth as well. Co-lending AUM stood at Rs 3,681 Crores comprising 17.8% of consolidated AUM compared to 8.9% in 3QFY24. Disbursement grew by 52% YoY. The overall AUM growth was granular with live customer relationships touched 720K.

Strong Improvement in Profitability.

The PAT for 3QFY25 stood at Rs 128 crores a strong growth of 88% YoY and 32% QoQ. PAT for 9MFY25 stood at 301 crs up by 53% YoY. Our RoAE and RoAA for 9MFY25 stood at 10.1% and 2.4% respectively. Net Interest income for 3QFY25 stood at 347 crores up by 41% YoY and for 9MFY25 stood at 953 crores up by 30% YoY. Our yields and spreads expanded further in the quarter to 16.7% and 7.3%, respectively. Net total income for 3QFY25 was up by 30% YoY and 9MFY25 up by 28% YoY.  

Non-Interest Income Continues to Grow

Our non-interest income for 9MFY25 increased by 20% YoY supported by growth in co-lending fee income and insurance distribution fee income. CGCL continues to focus on non-interest income with its share in total income at 25.1% in 9MFY25.

CGCL’s car loan business saw distribution origination of Rs 2,972 crores in 3QFY25, up by 5% YoY and 16% QoQ. On the Insurance distribution front, we generated net fee income of Rs. 39 crores in 9MFY25. We expect this to be an important source of fee income going forward.

Operating Leverage driving Improvement in Cost Efficiency

Our branch network expanded to 1,066 branches as we added 69 branches in 3QFY25 and employee base increased to 11,022, up by 13% YoY. Our investment in expanding branch network and employee base over past 3 years has started to yield results with improvement in productivity and cost efficiency. CGCL cost/income ratio stood at 58.3% in 3QFY25, further improving by 12.2% from the peak of 70.5% in 4QFY24 and 6.0% from 2QFY25. We continue to make investments in strengthening our technological systems and with key applications live, we expect our cost/income ratio to improve further going forward. As a result, our pre-provision operating profit for 3QFY25 increased to Rs 189 crores, up by 46% YoY.

Asset Quality under Control with Adequate Provision Coverage Ratio

CGCL is investing in advanced analytics and data science capabilities to enhance customer risk profiling, which will further improve underwriting and allow better risk based pricing. Our credit cost for 9MFY25 stood at Rs 82 crores, a decline of 6.5% YoY. Gross Stage 3 ratio improved to 1.7% in 3QFY25, down by 40 bps YoY. Net Stage 3 ratio improved to 1.0%, down by 40 bps YoY. PCR on Stage-3 loans stood at 39.4% in 3QFY25.

Strong Capital Adequacy

CGCL maintains a robust financial position with a strong standalone CAR of 22.9% in 3QFY25, supported by a Networth of Rs 37bn. Similarly, CGHFL boasts a CAR of 29.3% and a Networth of Rs 8bn ending 3QFY25.

Founder & Managing Director Mr. Rajesh Sharma Commented:

“We continue to see strong growth momentum across all our business segments including the new products we launched recently. Our substantial investments in technology, along with enhanced branch and employee productivity driven by operating leverage, have begun yielding benefits, and we anticipate a gradual improvement in our cost-to-income ratio. With steady growth in fee income and improvement in spreads, we see further upside to our profitability. We will continue to maintain a strong focus on asset quality and strengthen our coverage ratio whilst maintaining healthy capital adequacy. As we move ahead with same vigour, we remain confident to achieve Rs 300bn AuM by FY27 and 15%+ RoE over medium term.”