Thursday, June 24, 2021

Transasia donates over 5 lakh tablets worth more than Rs. 50 lakhs for COVID-19 treatment to various NGOs, Government and Mission Hospitals

Mumbai, Jun 24, 2021: Transasia Bio-Medicals Ltd., India’s Leading In-vitro Diagnostic Company, has donated over 5 lakh tablets worth more than Rs. 50 lakhs for recovery of COVID-19 patients. These medicines have been identified as a part of India’s COVID-19 treatment protocol and are enabling in mitigating the widespread human impact of the pandemic. The medicines are from reputed pharmaceutical manufacturers and come with a long-dated shelf life of up to 2023.

The procurement and distribution of the medicines has been executed by the Vazirani Foundation, the CSR arm of Transasia Bio-Medicals and closely co-ordinated by Transasia’s team of over 700 on-field personnel who have a deep presence across the country, along with various charitable trusts.

Speaking on the initiative Mrs. Mala Vazirani, Executive Director, Transasia Bio-Medicals said, “Today, we are all experiencing a truly unprecedented situation. Over the past few months, India has been reeling under increased cases of COVID-19 that has strained the country’s health resources to the limit.”

She further added, “We are honoured to support those fighting tirelessly to treat our many fellow Indians suffering from COVID-19. Transasia has stepped up its ongoing efforts to fight the virus. In our endeavour to make quality healthcare available to the needy and underprivileged, we are partnering with NGOs and mission hospitals to fight against this disease and are quickly working to mobilize the largest humanitarian relief effort in our company’s history.”

This initiative comes close on the heels of the organization’s recent COVID-relief efforts, whereby the company donated equipment worth more than Rs. 3.30 crores, which included 200 BiPAP machines, 43 cell counters and 32 coagulation analyzers, that are critical for COVID patients and aid in monitoring the disease severity.

As India’s leading IVD Company, Transasia has already committed its resources and technology to help India fight back, right from the beginning of the pandemic. Its COVID-19 IgG antibody test, RT PCR kit, and those for critical parameters such as D Dimer, CRP, Ferritin are being effectively employed by thousands of laboratories and hospitals all over India and in over 100 countries to monitor the progression of infection.

Going forward, Transasia will continue to evaluate the crisis and commit additional resources as needed. Over the last four decades, Transasia has a long history of supporting social causes, which include development programs for school children, educational scholarships and thalassemia detection and awareness camps.

Caption 1 - Transasia donates medicines to Bada Maharaj(Bijon Maharaj) & Swami Mrityuananda Maharaj at  Ramakrishna Mission Hosp (Khar, Mumbai)

Caption 2 - Transasia donates medicines to Shri SS Jain Mahaveer Medical Relief Society, Secunderabad

Caption 3- Transasia donates medicines to Sevabharati Trust 
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Runwal Group unveils its latest offering ‘South Avenue’, bringing the South Mumbai lifestyle to Runwal Gardens, Dombivli

Mumbai, June 24, 2021: Runwal Group, one of India’s leading real estate developers announced the launch of their new phase ‘South Avenue’ at Runwal Gardens, located right on Kalyan-Shil Road at Dombivli East. Runwal Gardens is bringing the ever-charming life of South Mumbai to Dombivli with open & lush green spaces, upmarket shopping experience & superior connectivity. South Avenue is a part of a 115 acres township that will feature multiple high-rise residential towers with 100+ amenities.

 

The proposed 32 storeys, South Avenue will feature spacious 2 and 3 bed homes with starting prices as low as Rs 50 lakhs. The carpet areas of the apartments will range from approx 485 sqft – 910 sqft. Residents of this phase are the closest to the retail spaces proposed to be built within the township. One of its biggest USPs is its convenient location that offers excellent connectivity to Thane, Navi Mumbai, and Mumbai. Located right on the main Kalyan-Shil Road, the township will be just 200m away from the proposed Diva-Manpada metro station and will have easy access to public transport available right at their doorstep. The integrated township is in very close proximity to several existing and upcoming modes of transportation. These include the proposed Kalyan-Taloja Metro line, the Airoli-Katai tunnel road, the Vasai-Panvel railway and the Virar-Alibaug Multi-Modal corridor.


Speaking on the occasion, Mr. Rajat Rastogi, Executive Director, Runwal Group said, “With over 5000 units sold, Runwal Gardens is one of the most successful projects in the country. After the grand success of East Avenue, North Avenue & West Avenue, we are delighted to announce the launch of our newest development, South Avenue at Runwal Gardens. South Avenue is inspired from South Mumbai’s superior lifestyle & connectivity. We want the residents to experience the ease of living in a township with massive spaces of lush greens, while having all the conveniences just a short walk away. Dombivli fits the bill perfectly not just in terms of location but also accessibility to the workplace, premium amenities, infrastructure and value for money and South Avenue will be an epitome of world-class living.”

 

Runwal Gardens is planned keeping in mind basic and lifestyle needs of its residents where everything is built within just a 5-minute walk. Homes here will have access to world-class retail spaces, Euro School, 11-acres central park, 14+ gardens, 21 acres of green spaces, large clubhouses spread over 1,17,000 sq.ft, a 3.4kms jogging & cycling track, office spaces and a multi-specialty hospital. The township offers over a hundred amenities such as a cricket ground, amphitheatre, dedicated kids’ play area, senior citizens’ corner, infinity swimming pool, indoor pool for ladies, music room, tennis court, squash, snooker, mini-theatre, natural water holding pond, picnic areas, reflexology garden, pet garden, Wi-Fi pillars, star gazing deck, temple, and many more to spend your leisure time. With all these amenities accessible to you and your family, there is something for everyone.


Dombivli has emerged as one of the most promising destinations in the MMR real estate market. The location is witnessing the development of new residential projects at a very rapid pace. The increasing prices in Mumbai suburbs and growing demand for affordable housing has expanded the boundaries which is why homebuyers have been favoring Dombivli due to its affordable rates and proximity to key business and social hubs. The rise in the ‘Work from Home’ trend has also paved the way for customers preferring larger homes in the suburbs of the city. With various infrastructure projects in the pipeline, the realty market here is showing positive trends and is expected to offer good price appreciation in the next few years.

 

About Runwal Group

 

Mumbai based Runwal Group was established in 1978 by its visionary Chairman - Mr. Subhash Runwal. Four decades later, the group has emerged as a leading name in India’s real estate sector with a huge portfolio that comprises over 65 projects and millions of square feet of quality developments. With 50 delivered projects, the group has brought smiles to more than 25,000 happy families across all corners of Mumbai. Apart from residential projects, the group is also a pioneer in the mall development arena and is well known for its iconic project in Mumbai – R City apart from R Mall and R Galleria. Runwal Greens and Runwal Pinnacle at Mulund West, Runwal Bliss and Runwal Avenue in Kanjurmarg East, Runwal Forests in Kanjurmarg West and Runwal Gardens in Dombivli are amongst the groups recent projects known for their quality lifestyle offerings. 

 

All the projects by Runwal Group are located in areas which have splendid connectivity to the rest of the city & have been curated with special care and attention to ensure they are large sized projects which help in creating huge open, green spaces & premium amenities. Our vision is to fulfil the dream of every homebuyer to live in the lap of nature away from the hustle and bustle even while being in the heart of the city.

 

For more information visit: http://runwalgroup.in/

VACCINATION DRIVE AT UNION BANK OF INDIA



Mumbai -24 June, 2021: Union Bank of India, Regional Offices, Mumbai–Borivili & Mumbai-Andheri today conducted a special Vaccination Drive at their Office premises for the benefit of Staff and their family members.

Union Bank of India had tied up with Thunga Hospital, Malad for this initiative. The event was well organized and more than 400 Staff members benefited from this drive.

Earlier, Union Bank of India tied up with Conwest & Manjula S. Badani Jain Hospital for the benefit of Staff members in its Corporate Office

The PHDCCI Economic and Business Momentum (EBM) Index

April 2021 economic activity significantly higher than April 2020: PHD Chamber

 

Though the second wave of Covid-19 has severely impacted the country as compared to the first wave in 2020 with record active cases, daily new cases and deaths, lead economic and business indicators have shown a higher growth in April 2021 as compared with April 2020. PHDCCI Economic & Business Momentum (EBM) Index of 25 lead economic and business indicators at 99.8 for April 2021 is significantly higher as compared with 78.3 for April 2020 at the base of 2018-19 = 100, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry, in a press statement issued here today.

 

PHDCCI EBM Index

2018-19=100

April 2017

April 2018

April 2019

April 2020

April 2021

95.8

100.2

101.3

78.3

99.8

Source: PHD Research Bureau, PHDCCI EBM Index

 

Lead economic and business indicators such as cement, steel, consumer durables, GST collections and external commercial borrowings have shown a noteworthy improvement  in April 2021 as compared to the April 2020, said Sanjay Aggarwal.

 

However, sequentially, the PHDCCI EBM Index has shown a slight decline for April 2021 to the level of 99.8 as compared to 100.3 for March 2021. Amid an uncertain economic environment created by 2nd wave of coronavirus, the trade and industry have been impacted by the restrictions in various parts of the country, depressed demand and investment scenario and reduced spending on non-essential items, said Sanjay Aggarwal. 

 

PHDCCI EBM Index

2018-19=100

January 2021

February 2021

March 2021

April 2021

99.3

99.2

100.3

99.8

Source: PHD Research Bureau, PHDCCI EBM Index

 

Based on the April economic activity and movement of EBM Index, a significantly higher growth trajectory is anticipated for Q1 FY 2021-22. The quarterly movement of PHDCCI EBM Index and quarterly GDP growth rates are highly correlated at 0.9 as depicted in Chart-2, said Sanjay Aggarwal.

 

 

Chart-1 : PHDCCI EBM Index: Monthly Trend (Base: 2018-19=100)

Chart-2 : PHDCCI EBM Index (Base: 2018-19=100) and GDP Growth Rates (in %): Quarterly Trend

 

Source: PHD Research Bureau, PHDCCI EBM Index; GDP growth figures compiled from MOSPI

 

Going ahead, effective policy measures are needed once again to support demand and to have a multiplier effect on production possibilities, expansion of employment in factories, expansion of capital investments and overall virtuous circle of the growth trajectory, said Sanjay Aggarwal.

 

There is a need to lower interest rates for consumers and businesses, lesser compliances for MSMEs vis-à-vis ease of doing business at the ground level and a lower tax regime to increase the personal disposable income of the people, he said

 

Frontloading the National Infra Pipeline expenditure would provide a much needed multiplier effect to create aggregate demand in the economy and to strengthen the economic recovery,  said Sanjay Aggarwal

 

More and more direct benefit transfers needs to be considered for the urban and rural poor under the various welfare schemes in addition to the free distribution of dry rations till Diwali as already announced by the Hon’ble Prime Minister, he said

 

A substantial stimulus to create effective strides for futuristic growth trajectory and to diminish the daunting impact of the second wave of the pandemic coronavirus on trade and industry would be crucial to support the economic momentum in this extremely difficult time, said Aggarwal

 

At least 75% of the population of country needed to be vaccinated with both doses of vaccination by December 2021 to do away with the uncertainty in the economy, said Sanjay Aggarwal.

 

PHDCCI EBM (Economic and Business Momentum) Index has shown steady recovery from the lows of 78.3 in April 2020 to 85.7 in May 2020, 91.6 in June 2020, 95.5 in July 2020, 95.9 in August 2020, 96.5 in September 2020, 96.8 in October 2020, 98.4 in November 2020, 99.2 in December 2020, 99.3 in January 2021, 99.2 in February 2021, 100.3 in March 2021 and 99.8 in April 2021, with a base of 2018-19=100.

 

PHDCCI EBM Index is a composite index of 25 lead economic and business indicators with base year at 2018-19=100, which considers the demand and supply indicators to present a broad perspective of the economy. The 25 indicators include the IIP Consumer durable goods, IIP Consumer non-durable goods, IIP Capital Goods, IIP Intermediate Goods, Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilisers, Steel, Cement, Electricity, Consumption of Petroleum products, Export Merchandise, Export Services, India Freight Traffic, Credit to Agriculture, Credit to Industry, Credit to service sector, Personal Loans, GST Collections, SENSEX, FDI Equity Inflows, External commercial borrowings and Unemployment.

 

Full PHDCCI EBM Index report attached


 

PHDCCI EBM Index

 

Base: 2018-19=100

Sr No

Economic Indicators

Apr-20

Apr-21

(Apr'21 - Apr '20)

1

IIP Consumer durable goods

5

93

88

2

IIP Consumer non-durable goods

64

125

61

3

IIP Capital Goods

8

89

81

4

IIP Intermediate Goods

39

120

81

5

Coal

97

106

9

6

Crude Oil

86

84.3

-2

7

Natural Gas

86

107

21

8

Petroleum Refinery Products

81

107

25

9

Fertilisers

101

103

2

10

Steel

22

109

87

11

Cement

17

113

96

12

Electricity

88

122

34

13

Consumption of Petroleum products

58

105

47

14

Export Merchandise Growth

50

147

97

15

Export Services

121

128

8

16

India Freight Traffic

98

107

9

17

Credit to Agriculture

104

111

7

18

Credit to Industry

102

100

-1

19

Credit to service sector

111

101

-10

20

Personal Loans

112

113

1

21

GST Collection

32

141

109

22

SENSEX (Daily average)

112

177

65

23

FDI Equity Inflows

74

73

-1

24

External commercial borrowings

54

129

75

25

Unemployment

84

96

12

Composite Weighted Index

78

100

22

Source: PHD Research Bureau, PHDCCI EBM Index Note: For calculation purpose, theFDI figure for April 2021 is average of last 3 months; figures are rounded off