Saturday, January 19, 2019

Mary Kom unveils the Fearless Girl statue at Kanakia Wall Street

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Two Powerful Icons at One Powerful address #KanakiaWallStreet by #KanakiaSpaces from #KanakiaGroup. Unveiling Ceremony of the #KanakiaBull and ##FearlessGirlInIndia at #KanakiaWallStreet . Guest Of Honour, Icon Of india, Six time World Champion, Olympian Boxer Ms. Mary Kom

If Mary can do it , so can you. You can fulfil your dream of being a World Champion in any category you wish for, just like Mary : says Mary Kom. " Accept the challenge and work passionately to achieve your goal " is Mary's winning mantra for all #FearlessGirls



Six-time world champion Mary Kom recently unveiled the Bull and the Fearless Girl Statue replicas at the Kanakia Wall Street, Andheri. The Fearless Girl statue signifies the ambition and the goals of women which they chase without an iota of fear.

                

Mary Kom shares that she is excited to be a part of the event as she feels a deep connection with what The Fearless Girl stands for. “Everyone faces challenges in life, overcoming them and your fear is what makes a person truly successful. Looking at the Fearless Girl statue reminds me of all the hardships I have withstood to stand where I am today.”




Talking about the statue, Himanshu Kanakia, Managing Director, Kanakia Group added, “We want to create symbols that captures the essence of our rapidly changing society. Fearless Girl replica is a salute to all the strong and brave women who have fought tirelessly in face of numerous difficulties. The Charging Bull reflects the tenacity and zealousness of the new age entrepreneurs and business landscape.”

About Kanakia Group: It is one of the premium and leading developers in India. Established in 1986, Kanakia Spaces Realty Pvt. Ltd. is Kanakia Group’s flagship real estate company. In the last 30 years, they have developed and successfully delivered 14 million sq. ft. of commercial, residential, entertainment, education and industrial spaces. This statue at Wall Street is another feather to their cap.



instagram: @kanakiagroup
facebook: @kanakiagroup
twitter: @kanakia_spaces

BMA commemorates 65 years by launching a slew of new initiatives


Bombay Management Association's commemoration of 65 years and announcing of 2 new initiatives - 'The 10X Scale-Up Conclave' and 'Innothon'. This was announced by  Dr Murtuza Khorakiwala, President BMA and Managing Director, Wockhardt Ltd. Mr Rajesh Sharma, Chairman Innothon, Chief Facilitator, Aquilla Resource Partner Ms Chhaya Sehgal, Vice President BMA & CEO, Winning Edge Mr Vimal Nathan, Executive Director, BMA

 Established in 1954, the Bombay Management Association popularly known by the acronym BMA; is one of India’s leading managerial communities striving for managerial excellence in business and corporate management. BMA has trained over 1.5 lakh managers who have had a dynamic impact on the Indian corporate scene. Skilled for success and instilled with the highest standards of managerial ethics, their combined achievements have resulted in the BMA being awarded the ‘Best Local Management Award’ by the All India Management Association 7 times since its inception. To commemorate the 65 years of BMA, it has come up with a slew of new initiatives which include two key programs namely – ‘The 10X Scale-Up Conclave’ and ‘Innothon’.

Speaking on the occasion Dr Murtuza H. Khorakiwala, President, BMA; Managing Director, Wockhardt Ltd said “The 10X Conclave by BMA will be an intra-industry effort to support entrepreneurial innovation in India. The daylong session will be moderated with a vision to connect Indian entrepreneurs to a supportive ecosystem of customers, funding partners and mentors.” Adding to this Mr Rakesh Kumar Mehra, Chairman, 10X Scale Conclave and Group Advisor, Bulk MRO said; “The conclave is a pioneering thought by BMA designed for companies ranging from start-ups to SMEs seeking to grow, buy and raise further capital in their journey to large scale success.”

The conclave which is set to take place on 25th January 2019 will be attended more than 300 delegates from corporate and start-ups operating across the country. It will also feature prominent speakers from diversified sectors from the Indian corporate industry, including eminent scientist, Dr Raghunath Anant Mashelkar, Nandan Nilekani, Jaideep Mehta, Rahul Mirchandani, R Narayanan, Ashish Vidyarthi amongst others. One of the major highlights of the conclave is the India launch of R Gopalakrishnan’s book ‘CRASH: lessons from the entry and exit of CEOs’

BMA also announced the launch of Innothon, a new industry connect platform. Mr Rajesh Sharma, Chairman, Innothon and Chief Facilitator, Aquilla Resource Partner said; “The BMA has envisioned INNOTHON, which will act as a unique platform to crowdsource ideas for resolving critical issues facing the organisation or for charting ways to help the organisation keep ahead of the competition. Young brains from Management Institutes will collaborate with managers and leaders from the industry to provide sustainable solutions for business problems.” The Innothon presentations to the jury will take place on 18th & 19th Jan 2019 and the winners will be declared on 21st Feb 2019.

Mr E A Vimal Nathan, Executive Director, BMA said “We at the BMA are always focused on finding innovative ways of managing complex challenges faced by organisations today. We felt that the10X Scale-Up Conclave and Innothon are the perfect platforms for entrepreneurs and budding managers in the country. We plan to come out with many more such initiatives in the near future which will support the organisations and aid the managerial development in the country.”

Friday, January 18, 2019

Versova festival branding by Dr. Bharati Lavekar made it possible to reach out to public at large - Devendra Fadnavis, CM

Shri Manohar Kumbhejkar, a senior correspondent was felicitated by CM Devendra Fadnavis with the Versova Gaurav Puraskar

Eminent  personalities, including Bollywood, were awarded Versova Gaurav Puraskaar.


Devendra Fadnavis, Chief Minister while addressing a big gathering on the occasion of Versova Festival admired the social work being carried out by Dr. Bharati Lavekar, BJP MLA from Versova.  He congratulated her for making all-round development of Versova.  He stated that not only she put the problems faced by Versova people in the Legislative Assembly but also make a follow up rigorously to see that the problems get resolved in a proper way.   He admired her work and expressed faith  that the people of Versova shall strongly support  her in her work.

CM further stated that for the last 4 years he has been inaugurating the Versova Festival.  He further stated that Dr. Lavekar has really done excellent work in branding the Versova Festival thereby reaching out to the public at large.  He further stated that Versova is the land of eminent personalities and he had the honour to felicitate them.   This time also the Versova Festival was inaugurated at the hands of Shri Fadnavis.  He gave away awards to the  personalities in  various fields including Bollywood.  The grand function was Chaired by Vinayak Mete – the chairman of Shivasmarak Samiti.  Mr. Vinayak Patrudkar was the Chief Guest.   The dais was shared by eminent personalities like Subhash Ghai -  renowned Film Producer, Anandji – renowned maestro,  Dr. Bharati Lavekar, MLA  and convener and other dignitaries.  

Fadnavis while appreciating her work, further stated that the credit goes to Dr. Lavekar who constantly followed up the matter of constructing the  Amarnath Tower to AVP Nagar linking bridge.  He also stated that BJP believes in practical  working and not breaking the coconuts without doing any work.  There was a demand from Dr. Lavekar to construct a sports stadium  at Versova.  On this,  he assured that soon instructions to MMRDA shall be given to construct a sports stadium where sports activities on Olympic level could be conducted.   He also stated that the government shall give a thought to have Bollywood hub in Versova.  He further stated that he shall request Piyush Goyal – Railway Minister to erect an escalator on the west side of Jogeshwari Railway Station.  He also stated that a Post Office shall be opened at Lokhandwala soon.

Fadnavis remembered that last year he had  declared that the Koliwadas in Mumbai shall be demarcated  and today he was proud to announce that this work has been completed.  He clarified that the new CRZ rules shall change the life style of the sons of the soil.  He informed that after completing the road construction work from Bandra to Versova See Link and Coastal Road,  it will take only 30 minutes to reach the Versova Festival ground from Nariman Point.

Shri Manohar Kumbhejkar, a senior correspondent was felicitated at the hands of Shri Devendra Fadnavis.  CM conferred him with the Versova Gaurav Puraskar  for his remarkable social work.   Lokmat  Editor Mr. Vinayak Patrudkar was the chief guest on the occasion.  While appreciating his constructive work for the last 23 years, the CM stated that Mr. Kumbhejkar  was following up the problems particularly of the Koli community and general public  with the government.   At this function M/s Sajid Nadiadwalla – Film Producer, Nishigandha Wad – Actress, Boney Kapoor – Film Producer, Salma Aaga – Actress, Bharat Yadav – Wrestling Trainer,  Ramkaran from Anupa Public School, Dr. S. K. Bulchandani – Ophthalmic Surgeon, Milind Kulkarni – Solid Waste Management and other dignitaries were felicitated at the hands of Devendra Fadnavis  by awarding them Versova Gaurav Puraskar.  

In her inaugural speech Dr. Bharati Lavekar stated that the problems pertaining to Versova remained unattended and  unresolved for the last 20 years before 2014 which is known to the Versova citizens.  However,  our Chief Minister took initiative and called for a meeting on 26th August, 2015 and she  was happy to say that during the last 4 years, she  could  resolve majority of the long pending issues, of course  with the help of the present government.  She further stated that a fund of Rs.55 crores has been sanctioned thereby the Phase-1 work of  sand-erosion-resistant-bund and the construction of joint road could be started.  Due to this work, it would be possible for the public here to take  a comfortable walk on the sea beach.  Further, in Phase-2 work, 320 crore fishing jetty would be constructed thereby the Koli community would be benefited in future.  Further, with the fund of Rs.4 cr 1 lakh arranged by Shri Devendra Fadnavis and Shri Nitin Gadkari,  1 lakh 31 thousand cubic meter silt could be pulled out.   At this juncture, Dr. Lavekar put a demand to Shri Fadnavis  to make available balance fund of Rs.38 crores  from the Sagarmala Yojana for pulling out balance silt.  She further requested the Chief Minister to make an effort to construct a well equipped drama theatre in the Andheri Sports Complex.

Why marathon runners must avoid dehydration and over-hydration

A marathon runner’s sports performance is highly efficient when the runner is adequately hydrated. An excess or deficit of fluids can lead to fatal consequences.
Running creates excess heat. This leads to sweating- a coping mechanism of the body to cool down. The blood fluid becomes thicker as a result of the decline in fluid content in the body. Greater force is required to pump blood through the veins. This overloads the heart eventually leading to a heart attack.
“When training for a marathon, runners must drink water at regular intervals. This is to avoid dehydration especially with such variables like warm weather, running intensity, rate of sweating. Dehydration is common, leads to muscle cramps due to fluid and electrolyte loss and so must be avoided,” says Dr. Santosh Dora, Senior Cardiologist, Asian Heart Institute.
“Similar to the effects of dehydration is over-hydration. When runner’s gain weight while training, it is a sure sign of over drinking. Slow runners are more likely to over hydrate. This is a serious condition and in medical terms is called hyponatremia,” says Dr Vijay D'Silva, Director- Critical Care and Medical Affairs, Asian Heart Institute & Medical Director, Tata Mumbai Marathon.   

Tips to hydrate yourself:
Consume at least 500 ml of fluid two hours before exercise so as to give your body enough time to get rid of excess ingested water.
Make sure you drink water every time an aid station comes. It is ideal if one drinks water from early on and at regular intervals so as to counter the loss through sweating.
Fast runners must drink more fluids to avoid dehydration.

Tips to avoid over-hydration:
Slow runners bear the risk of over hydration. In such a case, drink fluids after longer periods. The trick is to ‘drink to thirst’ rather than ‘drink to max’.
Drink only that much fluid that you lose over sweating.
Try to choose such drinks which have sugar or electrolytes so that you can easily lose it through sweating.

Some symptoms of dehydration are feeling light-headed, rapid heart rate, sunken eyes, dry mouth, thirsty, and headache.
Symptoms of over-hydration include headache, puffy or bloated hands and feet, nausea, dizziness, disorientation, and feeling sleepy. 

GTTES 2019 Opened Today To An Enthusiastic Response From Business Visitors




India ITME Society’s much awaited key event of 2019, GTTES 2019 opened today with new optimismnew opportunities & new prospects for the textile industry with 400+ Exhibitors, 49+ Countries & 65 International Business Delegations. Esteemed Dignitaries from Embassies &Ministry & numerous guests from Industry along with International business delegates attended the opening ceremony of this Textile Technology & Engineering event.

With a commendable growth of 26%, GTTES has set the standard in its very 2nd Edition & is a testimony to global reach of GTTES as a trusted opportunity for business & gateway to India. First time participation from Sri Lanka & Slovenia and countries like Belgium, China, France, Germany, Italy, Japan, Spain, Turkey, UK, USA, Taiwan, Morocco, Algeria, Djibouti, Kuwait, Azerbaijan, Kyrgyzstan, Senegal etc. indicate that this event has achieved its place as a reliable international business platform for both domestic and overseas companies. 

GTTES 2019 shall facilitate interaction with all Export Promotion Councils which again shall help industry to know more about export opportunities, various Government subsidies, market initiative schemes available for Indian manufacturers & help to gain information and develop new opportunities for exports from India.

The product launch of Colorix Digital Printing Solution by Orange Group to unveil dye-sublimation solution at GTTTES was again a highlight of the event.

Concurrent to GTTES 2019 India ITME Society also proudly announced the Launch of an International Event – ITME AFRICA 2020. Set to initiate a revolution in generating employment, encouraging skill development, motivating entrepreneurship in Textiles, ushering investment, economic growth and thus bringing new aspirations for younger generation of African countries, 1st edition ITME Africa is to be held in Millennium Hall, Addis Ababa, Ethiopia from 14th to 16th February 2020. In a first of its kind joint venture, India ITME Society and Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) a premier organization in Ethiopia, along with International Trade Center brings this unique and exclusive business facilitator opening up an entire continent of new opportunities. This event was exclusively covered by CNBC.

With an effort to open up all possible opportunities for Trade & Investment with other countries & to review & expand further trade activities in this regard India ITME Society had invited several foreign buyers / delegates from Egypt, Ethiopia, Bangladesh, Sudan, Rwanda, Uganda, Ghana, Nepal, Tanzania, Russia & Cambodia for B2B meetings. In the specially designed B2B matchmaking area, the registered participants had a chance to meet with International Business delegates, with a personalized service which gave them an opportunity to make the right connections with the right people they wanted to meet through prearranged meetings. This initiative showed tremendous response & many of the interested participants had to be waitlisted.

Apart from the B2B meetings, there was an Industry Interactive Session to facilitate Govt / Industry Interaction. Ms. Surina Rajan, IAS, Director General, Bureau of Indian Standards (BIS) was available for open interaction with Industry members. This helped the Industry in direct representation towards formulation of policy for standardization, promoting exports / imports & control proliferation. The main points of discussion  included, Overview of Standardization work done by BIS in the field of Textile Machinery and Accessories. Issues related to Noise emissions and Safety aspects of textile machinery and adoption of related ISO standards & Inputs required for identified new subjects such as Embroidery Machines and Baby diaper making machines.

GTTES 2019 is the apt platform to connect the exhibitors with many new markets which has never looked at India as sourcing opportunity.  Both for Indian manufactures and foreign exhibitors this new and developing markets shall bring future opportunity for business and expand their customer networking in an unprecedented way.

GTTES is a must to visit event for every big, small companies in textiles and textile engineering as it is the largest and key business event for the year 2019.

6th Edition of India m2m + iot Forum 2019 concluded

The two-day forum witnessed industrious deliberations on smart cities & villages

  The 6th edition of India m2m + iot Forum 2019 (www.m2m2iotforum.com), the national forum on machine-to-machine (m2m) and internet of things (iot) focused on applications of these disruptive technologies in smart cities and villages space was concluded on 15th January after 2 days of enthralling series of Panel discussions, Keynote addresses, Technology show at India Habitat Centre, New Delhi. The forum was jointly organized by the Department of Management Studies, Indian Institute of Technology Delhi (DMS, IIT - Delhi), FI Media (Future Internet and Electronic Media - a prestigious project of the European Union) and India m2m + iot Forum.
The forum highlighted the need of forward-looking policies and a proactive government to play a role in the development of smart cities & villages on the bedrock of JAM Trinity which has 1bn bank accounts (Jan Dhan) + 1bn Aadhaar + 1bn mobile broadband users, already organized for the technological revolution in this space, thus, Capitalizing the connected World with the help of modern & niche technologies like 5G, GIS, IoT, m2m and others. Likewise, the government’s effort to connect 2.5 lakh Gram Panchayats with BharatNet project was discussed to leverage the smart villages concept in India.
5G vision for India was also one of the major highlights of the 2-day forum, as 5G technology has the potential for ushering a major societal transformation in India by enabling a rapid expansion of the role of information technology across manufacturing, education, healthcare, agriculture, finance and social sectors. The panelists voiced that India must embrace this opportunity by deploying 5G networks early, efficiently, and pervasively as well as emerge as a significant innovator and technology supplier at the global level. Emphasis should be placed on 5G touching the lives of rural and weaker economic segments so as to make it a truly inclusive technology.

Ms. Aruna Sundararajan, Honorable Secretary, Department of Telecommunications, Ministry of Communications, Government of India via her message highlighted, “A city is a complex system, involving many different domains, infrastructure, organizations and activity which need to be integrated for that city to emerge as a smart city. Standardisation forms a critical part of the work that needs to be done. Being smart cities, a new holistic and cross functional standardization approach is needed, breaking the old ‘vertical silos’ approach, through better cooperation and synergies.”
“While the cities of India are fast progressing towards digitalization, it is encouraging to note that digital solutions are being readily accepted amongst the rural population of India as well. To support this technology adoption, the Department of Telecommunications (DOT), Ministry of Communications, Government of India, has initiated projects to provide broadband connectivity for connecting various digital services and solutions across our Urban and Rural Landscapes”, added Ms. Sundarajan.


Elated about the forum Mr. Kunal Kumar, Joint Secretary (Mission Director - Smart Cities), Ministry of Housing and Urban Affairs stated, “The forum can make noteworthy contributions to the Smart City Program at large. By sharing and collaborating on topics such as technology, multi-country experiences and innovative approaches, I am sure that we can bring together the best minds, and the surest hands to co-create cities of the future.”

The attraction of the forum was, NOT TO BE MISSED ‘Technology Show – by FIWARE Foundation member companies namely – NEC Technology India, APInf, MobilePedia and Smart Cities Lab Ltd where they demonstrated the OPEN SOURCE PLATFORM designed and developed by the FIWARE FOUNDATION– a market-ready open source software, combining components that enable the connection to IoT with Context Information Management and Big Data services in the Cloud.

The forum also hosted a dedicated session on 'India-EU Dialogue on ICT for Smart Cities' which was organized by the prestigious project, namely, ‘India-EU ICT Collaboration Standardization’ of the Delegation of European Union to India, highlighting the absolute need for ‘Leveraging Standards for Smart Cities’, which brought together key stakeholders and smart city officials.

Participants from across the globe got the opportunity to meet Stellapps Technologies – an end-to-end dairy technology solutions company – the first of its kind in India, Sensorise – an IOT Services and Solutions company, Phoenix Robotix – a network-IoT and Big data company, Sensable – an IoT company offering end-to-end smart solutions using artificial intelligence and machine learning, C-DOT – an autonomous Telecom R&D Centre of Department of Telecommunications (DOT), Government of India – showcasing Common Service Platform for m2m communications on oneM2M Specifications.

“We appreciate the participation from our key partners, showing trust in the forum and the vision it stands for. The key speakers, thought leaders and industry leaders have made this forum a thought provoking one with dialogs on disruption these modern technologies can bring to make cities & villages smarter, and at the same time, mentoring the startups in this segment. We are proud to have EU partners to share their insight on business possibilities from across the globe. Thus, making the 6th edition of this forum a success” concluded Ms. Shilpi Batra, Director, India m2m + iot Forum 2019


About India m2m+ iot Forum
India m2m + iot Forum is a cohesive and shared platform, which validates united and collective vision of the global m2m and iot ecosystem. It is the most awaited annual congregation of m2m + iot stakeholders representing the entire ecosystem comprising of academics, analysts and researchers, enterprises and industry, governments – policy makers and regulators, industry associations and organizations, media organizations, standards organizations, the student’s community and above all the end users from businesses, citizen services and government.

Thursday, January 17, 2019

IIFL Finance to raise up to Rs. 2,000 crore via Bonds

IIFL Bonds offer yield of 10.50% p.a. for individuals and 10.35% for institutional category for tenor of 120 months


IIFL Holdings Limited, today said, its subsidiary, India Infoline Finance Limited (IIFL Finance), a leading Non-Banking Financial Company, will open a public issue of bonds on January 22, 2019, to raise up to Rs. 2,000 crore, for the purpose of business growth and expansion.  
The UK-based CDC Group backed IIFL Finance will issue secured and unsecured redeemable non-convertible debentures (NCDs), aggregating to Rs 250 crore, with a green-shoe option to retain over-subscription up to Rs 1,750 crore (aggregating to a total of Rs 2,000 crore).
The IIFL Bonds offer highest yield of 10.50% p.a. for Individual and Other categories, and 10.35% for Institutional category, for tenor of 120 months with frequency of monthly and annual payment. The other tenors offered are for 39 and 60 months.
CRISIL has rated the instrument as AA/Stable, which indicates that the instruments are considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk.
Prabodh Agrawal, IIFL Group CFO said: “The funds raised through this Issue will be used for the purpose of onward lending, financing, and for general corporate purpose. Each of the previous bond issues from IIFL Group have been over-subscribed and repaid in a timely manner.”
Sumit Bali, CEO, IIFL Finance said, “Through our strong physical presence of 1,755 branches across India and a well-diversified portfolio, we are able to meet the credit requirement of various  segments of underserved population. The funds raised will help us in expanding our operation in more such areas.”
IIFL Finance’s profit after tax stood at Rs 357.2 crore for the half year ended September 30, 2018 , posting a growth of 69% y-o-y and its loan assets under management (AUM), predominantly retail, showed a strong growth of 40% y-o-y to reach Rs 36,373 crore, mainly driven by small-ticket home loans, which grew 59% y-o-y, SME finance loans which grew 113% y-o-y and microfinance loans which grew 259% y-o-y as on September 30, 2018.
Retail loans, including home loans and small business finance, constituted 85% of the loan book, and 46% of the loans were compliant with RBI’s priority sector lending (PSL) norms. The securitized loan book constituted 15% of the AUM and asset quality remained sound with Gross NPA of 2.2% and Net NPA of 1.0%. IIFL Finance is well-capitalized NBFC with a net worth of Rs 4000 crore and Total Capital Adequacy Ratio (CAR) of 18.7% as at September 30, 2018, including Tier I capital of 15.5%, as against the statutory requirement of 15% and 10% respectively.
The step-down subsidiary IIFL Home Finance focusses on affordable housing segment and is one of the leading players in disbursing Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojna. Since the launch of the scheme in 2015, CLSS beneficiary numbers of IIFL Home Finance has grown from 65 in FY 2015-16 to about 20,000 in December, 2018. 
The lead managers to the issue are Edelweiss Financial Services, ICICI Securities, IIFL Holdings Limited, and Trust Investment Advisors. The NCDs will be listed on the BSE Limited and National Stock Exchange of India Limited (NSE), to provide liquidity to investors. The IIFL Bonds would be issued at face value of Rs 1,000 and the minimum application size is Rs 10,000 across all categories. The public issue opens on January 22, 2019 and closes on February 20, 2019, with an option of early closure. The allotment will be made on first come first served basis.