Federal Bank Announces Strategic Collaboration with NeML for Enhanced eProcurement and eAuction Integration

30th November 2023, Mumbai: Federal Bank is pleased to announce a pivotal collaboration with NCDEX e Markets Limited (NeML) to fortify the integration of eProcurement and eAuction systems. NeML, a wholly owned subsidiary of National Commodity & Derivatives Exchange Limited (NCDEX), holds a commanding market share in transparent price discovery across more than 90 commodities. 

This strategic alliance is set to facilitate an advanced eProcurement solution, streamlining the processes for Central and State Government organizations. Under this initiative, farmers can seamlessly list crop details on NeML's platform, and the government will subsequently purchase them at the approved Minimum Support Price (MSP). The integration of Federal Bank's Host-to-Host with NeML's eProcurement platform ensures a seamless and efficient payment processing system for these critical government transactions. In addition, NeML's eAuction solution brings significant benefits to the Government of India by providing a robust price-discovery mechanism for various commodities. 

The key advantages of this system include nationwide participation, improved price discovery, and safeguarding against possible cartel formations, ensuring a fair chance for participants to enhance their bid value as per market scenarios. 

Salient Features of the Collaborative Endeavor:

• End-to-end digital execution of payments and collections. 

• A plug-and-play solution tailored for government clients. 

• Simplified one-time documentation process with clients. 

• Automated reconciliation of each remittance within NeML's web portal. 

• Customizable payment advice to each beneficiary against the payout. 

• No additional charges or costs involved. 

Delegates Signing the Memorandum of Understanding (MOU): Mr. Indraneel Pandit (Senior Vice President & Zonal Business Head Federal Bank, CIB West), Mr. Vikas Mulay (Deputy Vice President - I & Head - GIB West), Mr. Sagar Deshpande (Senior Manager & Circle Business Head, GIB) and Mr. Dhawal Shah (Chief Operating Officer, NeML), Mr. Anand Ganapathy (Assistant Vice President - Special Projects, NeML) 

This collaborative effort underscores Federal Bank's unwavering commitment to innovation and transparency in financial services, aligning seamlessly with NeML's stringent governance and compliance standards.

 

Photo caption: Delegates Signing the Memorandum of Understanding (MOU): Mr. Indraneel Pandit (Senior Vice President & Zonal Business Head Federal Bank, CIB West), and Mr. Dhawal Shah (Chief Operating Officer, NeML).

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Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1408 banking outlets and 1,935 ATMs/Recyclers spread across the country and the Bank’s total business mix (deposits + advances) stood at ₹ 4.26 Lakh Crore as on 30th September 2023. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 15.50 % as on 30th September 2023. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve center for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress.

Ministry of Textiles to host 81st Plenary Meeting of the International Cotton Advisory Committee from 2nd December till 5th December in Mumbai

Shri Piyush Goyal, Union Minister of Textiles, Consumer Affairs, Food & Public Distribution and Commerce & Industry to inaugurate the Meeting

Over 400 delegates from 35 countries likely to participate in the Meeting

Posted On: 29 NOV 2023 5:03PM by PIB Delhi

The Government of India, Ministry of Textiles is hosting the 81st Plenary Meeting of the International Cotton Advisory Committee (ICAC) in Jio World Convention Centre, Mumbai during 2nd - 5th December, 2023 through the Office of Textile Commissioner in association with the Cotton Corporation of India Limited (CCI), the Confederation of Indian Textile Industry (CITI) and the Cotton Association of India (CAI). It is a matter of honour and pride for India to host this event after nearly 8 years.

Shri Piyush Goyal, Union Minister of Textiles, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Government of India would be inaugurating this Plenary on December 2, 2023 at 02:00 p.m. in Jio World Convention Centre, Mumbai. It is expected that over 400 delegates from 35 countries across continents consisting of Government representatives from various cotton growing and consuming countries/ regions, reputed industrialists, important business delegates, eminent scientists and researchers etc would be participating in the 4 day long conference. This will be the first in-person Plenary Meeting since 2019 due to Covid-19 pandemic. The previous event was hosted by India in 2015 with the theme “From Farm to Fabric: The Many Faces of Cotton” focusing on value addition. Moving forward it is to take the agenda from economics to ecology. This is also the 5th time that the ICAC Plenary Meeting is being held in India in the last 6 decades.

As all may be aware, ICAC is an inter-governmental body covering cotton that is recognized by the United Nations. ICAC was formed in 1939 and has 28 Member countries at present. India along with Brazil, Egypt, France, Sudan and USA is one of the founder members of this forum. In addition, other countries which are not ICAC members are also participating in the Conference. The 80th Plenary Meeting was held through virtual platform between November & December, 2022 with the theme “Driving Sustainability through Innovation and Leadership”. The Plenary Meeting of ICAC is held every year in the member countries of ICAC at their invitation. The Plenary Meetings of the ICAC provides a forum for discussions on international issues of importance to the World Cotton industry, and provides an opportunity for the industry and the government leaders from cotton producing, consuming and trading countries to deliberate on matters of mutual concern.  The ICAC Plenary is also very important for promotion of Trade, Industry and Culture.

The theme of this Plenary Meeting is “Cotton Value Chain: Local Innovations for Global prosperity”. The 81st Plenary aims to serve as a platform for sharing innovations, benchmarks, good practices and experiences across the globe on productivity, climate resilience and circularity for a vibrant cotton economy. Focus is on local innovations and cutting edge technologies for sustainability developed locally but have global implications and potential for the prosperity of the cotton value chain touching the livelihoods of millions engaged in production, processing, trade, fashion and textile industry.

This Plenary Meeting encompasses a broad range of topics around cotton, including Technologies to increase productivity, Climate-smart Innovations as Game Changers for Cotton Production, Recent Impactful technological advances, Industry 4.0 for textiles: smart manufacturing in textiles, Global efforts in branding sustainability and Quality assurance, Genetics, Diversity to enhance cotton productivity, Cotton and Climate Resilience, Technological  innovations for global collaborations and other sessions to glean opportunities from challenges as well as focusing of possible Collaborations for the growth in cotton textile value chain. Hon’ble Prime Minister during his presidency of G20 exhorted nations to collaborate the knowledge and technology sources for this planet earth. The collective effort would be to bring best practices and resources together for sustainability of enterprises while contributing positively to One People and One planet.

The event will give India an unique opportunity to showcase the strength, growth and resilience of the cotton based textile industry in India; share case studies, success stories and inventive steps of small and marginal farmers; highlight local initiatives for enhancing productivity, sustainability through Carbon sequestration: recent breakthroughs; pest management strategies, advancements in water management  for Cotton and Textile Value chain;  quality assurance and traceability; harmonizing the certification regimes, cotton by-products, herald the launch of the Indian brand of Kasturi cotton to the World, importance of price discovery mechanisms, Arbitrations for Cotton trade ; fostering Entrepreneurship in support services , impact of digital revolution and contribution to process as well as product on farm for higher value creation.

Prioritizing the need for transparency required in the global cotton value chain, India is leading from the front emphasizing the local innovations, diversity and values of sustainability, integrity and inclusiveness across cotton value chain. The launch of ‘Kasturi Cotton Bharat’ brand marks the country’s foray in providing complete end-to-end traceability and transparency solutions using Blockchain technology across the cotton textile value chain to deliver softer, stronger and purer cotton. Advancing good agricultural practices will provide fair economic benefits for farmers, encouraging circularity in the local economy and building the foundation of sustainable living for future generations. With the Hon’ble Prime Minister’s '5F' Formula guiding the way, India's textile sector is poised for sustained growth, and 'Kasturi Cotton' stands as a shining example of the nation's dedication to Quality and Assurance.

The meeting will include daylong sessions on different aspects of cotton economy followed by evening receptions and dinners hosted by Industry and Trade. Leadership has strengthened convergence between Ministry of Textile, Ministry of Agriculture and participating State Governments and Ministry of Commerce and Ministry of External Affairs has lent due facilitative support to this forum looking forward to confluence of best ideas and practices.

After the high-level-four-day Plenary Meeting, a Technical Tour is arranged for interested delegates from 6th to 8th December, 2023 in and around the textile city of Ahmedabad. The tour would aim to provide an insight into the textile industry in the country, highlighting the journey from farm to fashion, with a special focus on cotton.

India is also gearing up to host the world's largest textile exposition, Bharat Tex 2024, scheduled to take place from 26th to 29th February, 2024, in the International Exhibition cum Convention Centre (IECC) at Pragati Maidan, New Delhi. The international participants would also be engaged with an exposure to the spectrum of Textile products Bharat Tex is poised to showcase to the world with more than 10,000 exhibitors across handlooms, made-ups as well as technical textiles.

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15 YOUTHS FROM FIVE COUNTRIES TRIUMPHED AT YOUNG SOCIAL ENTREPRENEURS BACKED BY STRONG MENTORSHIP SUPPORT

YSE breaks record for total number of hours committed by volunteer mentors

India, 23rd November 2023 – Six social enterprise teams from five countries emerged as winners at this year’s Young Social Entrepreneurs (YSE) Global Programme organised by the Singapore International Foundation (SIF). The teams were represented by 15 youths from China, India, Indonesia, Laos, and Singapore.

They presented the strongest business ideas that addressed social and environmental causes including mental health services, water conservation, the provision of skills and technology for underserved communities, and women empowerment. 

The YSE Global Programme also enjoyed the highest level of mentorship support in its 14-year history. 

A total of 82 volunteer mentors spent more than 330 hours working with participant teams this year, a 32 per cent increase in hours compared to the previous year.

Mentorship support began at the YSE Global 2023 Workshop held from 7 to 10 June. The mentors comprised business professionals and established social entrepreneurs and they helped 46 teams to strengthen their business fundamentals and strategies.

A total of 15 teams from the June workshop advanced to the next phase of the programme and were assigned up to three mentors from July to October. The volunteer mentors comprised leading business consultants from McKinsey & Company, Temasek International, Bain & Company, and seasoned industry professionals. 

During this four-month phase, the volunteer mentors played a crucial role in guiding participants on running a social enterprise. They also helped prepare the teams for an event called Pitching for Change, scheduled for November, which serves as the finale and closing event for YSE. During this event, the teams presented their refined business plans to a panel of judges to secure funding.

Ms Mahdiyyah Ardhina, a member of Rumah Briket and YSE 2023 participant from Indonesia said: “YSE Global has been an intensive boot camp for our team as we are still new in our business. We thank our mentors for their experience and input. They have been invaluable these past few months. They imparted critical knowledge based on years of professional experience and provided fresh perspectives on our business plans.” Rumah Briket created a zero-waste solution that processes organic and non-organic waste and converts it into charcoal briquettes and paving blocks.

Dr Yoke Pean Thye, co-founder of WISE, a non-profit organisation that works towards a sustainable and equitable Southeast Asia, and mentor to Rumah Briket, said: “It has been my privilege to support the team. Having benefited from a YSE Regional workshop myself several years ago, I am grateful for the opportunity to give back and help Rumah Briket reflect on and refine their business model. I was heartened and inspired by their passion to address the waste management crisis in Indonesia, dedication to their social enterprise and benefiting the community, as well as motivation to learn and challenge themselves.”

She also encouraged more people to sign up as mentors for YSE Global. She said: "It is a meaningful avenue for people who are keen to share their experience with youths who are figuring out their social impact journey.”

Mr Lian Wee Cheow, SIF Vice-Chairman and Lead Judge of YSE Global 2023 said: “Mentorship is a key component of YSE Global. Our YSE mentors, who are industry leaders with vast experience, have committed their time to share their expertise and networks with our aspiring changemakers. This broadens the horizons of our young participants who are at an early, critical juncture of their journey as a social entrepreneur.”

He added: “Since 2010, YSE Global has been nurturing a growing network, which now comprises more than 1,400 youths of 43 nationalities, representing 674 social enterprises. By providing mentorship, capacity-building workshops, and regional learning opportunities, YSE supports budding social entrepreneurs to kickstart their journey.”

Winning Teams Announced at YSE Global 2023 - Pitching for Change

Six out of the 15 shortlisted teams were announced as winners when they gathered virtually at Pitching for Change on 17 November. They were chosen based on the impact and scalability of their business ideas, as well as their commitment level. They are (in alphabetical order):

1. Anubhuti Samiti (India)

2. China House (China)

3. HomePal (Singapore and China)

4. LeLao (Laos)

5. ReservoAir (Indonesia)

6. Rumah Briket (Indonesia)

Each team was awarded funding of up to S$20,000 to launch or scale up their social enterprises. A mentor will be assigned to guide them on how to use the funds and to support their development for the next one-and-a-half years.

Mr Eric Chua, Senior Parliamentary Secretary, Singapore’s Ministry of Culture, Community and Youth & Ministry of Social and Family Development, was the Guest of Honour at the event. In his speech, he applauded the determination of the teams who tackled tough problems with creativity and resilience.

He said: “These teams advocated for social causes they care deeply about. They presented an exciting range of ideas – from access to mental health services, to sustainable practices, educational equity, and support for vulnerable communities. Many spoke passionately on creating meaningful change in society. I am humbled by their passion in wanting to serve others, and their dedication in looking beyond immediate needs to innovate solutions for the wider community. This is no easy feat.”

Mr Lai Hoi Bing, co-founder of Homepal from Singapore, said: “YSE Global has been a positive and enriching experience like no other. The business clinics and training workshops have provided my team with relevant skills and knowledge such as the use of the social enterprise business model canvas tool to refine our go-to market strategy and social impact calculation. We hope to apply these new learnings to propel our social enterprise to the next level. We look forward to scaling up our social enterprise with the grant.” HomePal is a social enterprise from Singapore and China that supports the elderly through the development of an Internet of Things (IoT) system using privacy-preserving home monitoring and safety solutions. 

Ms Manithip Vongphachanh, co-founder of LeLao from Laos, was inspired by other YSE Global teams. She said: “The programme introduced me to a global network of like-minded peers who are doing amazing work to make a positive difference for the society. My favourite part of the programme was when we exchanged ideas and learned new facts about our respective communities. I felt less alone and more inspired to keep pursuing our work in empowering vulnerable communities through eco fashion.” LeLao’s employees produce affordable and sustainable fashion products recycled from fabric waste and the products are designed to showcase the rich cultural heritage of Laos. 

The YSE Global programme seeks to inspire, equip, and enable youth of different nationalities to launch or scale up their social enterprises in Singapore and beyond. The programme is chronicled on social media with the hashtag #sifyse. 

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About the Singapore International Foundation

The Singapore International Foundation (SIF) makes friends for a better world. SIF builds enduring relationships between Singaporeans and world communities and harnesses these friendships to enrich lives and effect positive change. The work of SIF is anchored in the belief that cross-cultural interactions provide insights that strengthen understanding. These exchanges inspire action and enable collaborations for good. SIF’s programmes bring people together to share ideas, skills and experiences in areas such as healthcare, education, arts and culture, as well as livelihood and business. SIF does this because they believe we all can, and should, do our part to build a better world, one they envision as peaceful, inclusive and offering opportunities for all. Find out more at www.sif.org.sg

Empowering Women Entrepreneurs: TiE Women Global Pitch Competition successfully concluded at TiE Global Summit Singapore

Mumbai, November 30, 2023: The TiE Women Global Pitch Competition, held at the prestigious TiE Global Summit in Singapore, concluded with resounding success showcasing innovation and empowerment. Organized by TiE (The Indus Entrepreneurs), the competition provided a platform for female entrepreneurs to shine, emphasizing diversity and inclusion in the entrepreneurial landscape.

TiE Women program features a diverse array of innovative business ideas and ventures led by exceptional women entrepreneurs from across the globe. The event was a testament to the impactful strides made by women in the entrepreneurial sphere.

The program received over 1600 applications from across the globe with representation from 62 countries. There were 39 finalists spread over different tracks competing for equity-free prize money of up to $50,000.

The competition saw an impressive lineup of female-led startups presenting groundbreaking concepts, spanning various industries such as technology, healthcare, sustainability, and more. Participants demonstrated exceptional creativity, resilience, and determination, captivating the audience and judges alike with their pitches.

Asha Jadeja, founder of the Jadeja Motwani Foundation and platinum sponsor of the TiE Women program shared her thoughts about the competition ‘I am delighted that top women entrepreneurs from the global south now have this powerful international platform created by Motwani Jadeja Foundation and TiEGlobal. We will be taking these stellar entrepreneurs all the way to Silicon Valley, our own home. Becoming an integral part of the Valley and our MJ Women Entrepreneurs program will provide unparalleled access to the heart of innovation, entrepreneurship and disruptive tech breakthroughs of our planet. We want these new connections to energize and catalyze future generations of women entrepreneurs back in the home countries of our recipients.  Exciting times ahead.’ 

The esteemed panel of 23 judges spread across different tracks evaluated the pitches based on innovation, market potential, scalability, and impact, making the selection process both rigorous and insightful. 

Askhita Sachdeva, Co-Founder, Trestle Labs from TiE Bangalore and the winner of this year’s competition shared her experience - ‘It's an honour to win the TiE Women Global Pitch Competition 2023. It's not just about the win, but what went behind and what lies ahead. TiE Women Global Pitch Competition 2023 indeed has been a life-changing experience for Trestle Labs with amazing mentorship from TiE Bangalore and the global network of TiE members that TiEWomen Global Pitch 2023 win has opened up. With all this, we are sure to scale #Kibo and its impact farther and faster’.

TiE Tampa finalist, Shama Rathi was the first runner up and here is what she had to say about her win ‘Feels amazing to be surrounded by so many brilliant ideas and innovation across sectors. So thankful to TiE Global, TiE Singapore and TiE Women team for the experience’. 

Wafa Alobaidat, Founder and CEO of Playbook from TiE Dubai - Saudi Arabia pitched virtually and stood second runner-up. She encapsulated her experience saying “Winning the TiE Women Global Pitch Competition 2023 is an honor. Grateful for the journey from chapter finals to victory. Excited for what lies ahead! Being part of TiE Global is an inspiring journey of entrepreneurial growth, filled with opportunities and connecting to great networks that propel innovation and success. It's a supportive community where ideas flourish, and connections thrive.”

About TiE Women:

TiE Women is an initiative of TiE Global, a global non-profit organization that fosters entrepreneurship through networking, mentoring, incubating, educating and funding. TiE Women has representation of women entrepreneurs from over 60 countries. The 2023 Global Pitch competition will culminate in Singapore on November 17th. In less than four years, the program has achieved significant milestones with over 5500 applications till date from across the globe. More than 600 women entrepreneurs have received mentoring at the local chapter level with over 100 mentors and experts engaged. The program has seen 13 women-led startups receive equity - free grants worth $350,000 and more through the annual global pitch competitions. To take the program to the next level, TiE Global will launch a dedicated TiE Women Mentoring program with an ambitious global cohort of nearly 100 women founders”. For more information, please visit https://www.tiewomen.org/ 

About Asha Jadeja:

As one of Silicon Valley’s most highly respected venture capitalists, Asha Jadeja has invested in over 200 well known technology startups in the Valley such as Paypal, Mimosa, AppDynamics, Meraki and Pinterest.  

As founding stakeholders in Google, Asha and her late husband Prof. Rajeev Motwani of Stanford University played a critical role in establishing the DNA of the company. Not only was Rajeev the author of Google’s search algorithms, but he was critical to determining who were the first 100 employees of Google, the startup. The company now has over 70,000 employees. Asha continues to work closely with Google Ventures, Gradient (Google’s AI investment arm) and Google Foundation on various joint investments.  

Asha founded the Motwani Jadeja Family Foundation in 2012 to make philanthropic investments in promoting entrepreneurship in underserved pockets in Bay Area and India. Her flagship program the RajeevCircle Fellowship now has about 150 Fellows that Asha has worked closely with. The goal in this fellowship is to accelerate the problem-solving repertoire of her fellows and helping them “pay it forward”.   Her fellows collaborate with TED, INK and Acumen Fellows all of which Asha has supported over the years. 

In 2023 Asha launched the Motwani Women Entrepreneurs Fellowship in partnership with TiE Global. This new program will support 40 disruptive women entrepreneurs from India, Middle East and Africa.

Indian Renewable Energy Development Agency Limited IPO makes a remarkable debut on the exchange; lists at 56% premium

After IRCTC, IREDA stands as the second most successful PSU to be listed.

Mumbai, November 29, 2023: Shares of Indian Renewable Energy Development Agency Limited made a remarkable debut on the exchange listing at a 56% premium.

The scrip listed Rs 50 per share on BSE and NSE respectively, at a premium of 56.25%. The company's share price closed at Rs 59.99 per share on the BSE, a 87.47% premium, and at Rs 60 per share on the NSE, a 87.50% premium.

As per NSE, the total quantity traded stood at 5798.10 lakh shares, on BSE the total Quantity stood at 381.55 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 3393.13 crore. 

Shri. Pradip Kumar Das – CMD – Indian Renewable Energy Development Agency Limited said "I extend my heartfelt gratitude to all the investors who have placed their trust in Indian Renewable Energy Development Agency Limited. Your support fuels our commitment to drive renewable energy growth and sustainability. We embark on this new chapter with enthusiasm, aiming to create lasting value for our stakeholders. Thank you for joining us on this transformative journey towards a greener future." 

The Market Capitalization of the Company at today’s closing price stood at Rs. 16123.90 Crore as per BSE and Rs. 16126.59 Crore as per NSE.

The company had offered Rs 2150-crore issue for subscription from November 21 to November 23. This garnered substantial interest, and the offer was subscribed 38.80 times. Qualified Institutional Buyer Portion was subscribed 104.57 times, Non-Institutional Investors Portion subscribed 24.16 times, whereas Employee Portion was subscribed 9.76 times and Retail Portion was subscribed 7.72 times. 

Indian Renewable Energy Development Agency Limited, a Government of India (“GoI”) enterprise notified as a “Public Financial Institution” (“PFI”) registered as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. 

It is a financial institution with over 36 years of experience in promoting, developing and extending financial assistance for new and renewable energy projects, and energy efficiency and conservation projects. 

It is also India's largest pure-play green financing NBFC in India. IREDA is the issuer of first debt security (green masala bond) in India listed on IFSC exchange. IREDA is the first financial institution in India to raise green masala bonds IREDA is among the first financial institution to raise global funds for climate financing from DFIs / multilaterals in India.

IDBI Capital Markets & Securities Limited, BOB Capital Markets Limited, and SBI Capital Markets Limited are the book-running lead managers.

Arvind Chandra joins Aliaxis as the new Divisional CEO of India and Executive Committee Member

National, November 28, 2023 – Aliaxis, a world leader enabling access to water and energy through inventive fluid management solutions, welcomes Arvind Chandra to the Executive Committee. As the new Divisional CEO of Aliaxis India (Ashirvad Pipes), he will report directly to Eric Olsen, Chief Executive Officer. 

Eric Olsen, Aliaxis CEO said, “We are excited for this next chapter of our Indian business under the dynamic leadership of Arvind Chandra. Arvind brings an impressive 30-year global track record driving growth and profitability in a wide range of industries. India is a high-growth market for Aliaxis for the years to come and Arvind will help bring our Indian operations to the next level.”

Arvind Chandra, Divisional CEO Aliaxis India, commented, “I am thrilled to join Aliaxis to address India’s pressing water challenges. Together with the Ashirvad team, we will drive growth with a strong focus on both sustainability and innovation, as we deliver a high-quality range of solutions that our customers expect.”

Arvind Chandra joins Aliaxis from his prior role at Minda Corporation (NSE:MINDACORP) as CEO of their largest business vertical in the automotive sector. During his tenure, the company registered a 400+% stock price gain with significant top line and bottom-line growth. 

He brings 30+ years’ work experience across 8 countries, 4 continents and multiple functions of strategy, marketing, sales, R&D, manufacturing, quality plus P&L at various top technology companies such as Toyota, ZF-Wabco, Borg Warner-Phinia, Forvia and others leading various transformation projects. He has also consulted extensively during this period in both B2B and B2C environments. 

Arvind holds a BS degree in chemical engineering from the University of Mumbai, a MS degree in industrial engineering from Oklahoma State University, and an MBA from the University of Michigan, USA.

     

About Ashirvad by Aliaxis

Ashirvad Pipes, an Aliaxis group company, is India’s leading provider of advanced plastic piping systems for residential, commercial, infrastructure, industrial, and agricultural use. The world’s largest manufacturer of CPVC and uPVC pipes and fittings, Ashirvad has grown into a global, integrated ‘Tank to Tap’ provider of comprehensive water management solutions, exporting to over 30 countries. Headquartered in Bengaluru, the company’s 5000-strong team spans sales, manufacturing, and distribution facilities. Its state-of-the-art Research and Technology Center in Bangalore is one of three such facilities in Aliaxis globally. 

Aliaxis is a global leader in advanced piping systems for building, infrastructure, industrial and agriculture applications. The company provides communities around the world with sustainable innovative solutions for water and energy, leading the industry in a way that anticipates the rapidly evolving needs of its customers and of society.  Headquartered in Brussels, Belgium, Aliaxis is present in over 40 countries with over 15,000 employees.

Vietnam surgeon shows new treatment techniques for Facial Palsy in Thane Advanced treatment for Facial palsy now available in Solaris Hospital

Mumbai- Thane :- With the hope of newer treatment options for Facial Palsy  in Thane Dr. Ashesh Bhumkar –Advisor AOI, Thane, Dr Sunil Budhalani President of Association of Otolaryngologist of India (Thane Zone) Dr Deepak Aiwale Neurologist and chairmen of Solaris Hospital, Thane, Dr. Amit Aiwale, Neurosurgeon and Director of Solaris Hospital Thane and the entire team of AOI thane chapter has conducted seminars where international guest speakers from Vietnam Dr. Ha and Dr. Huyen elaborated on the different techniques for facial palsy. This meeting was attended by more than 200 Doctors in Thane. The newer options for treatment of Facial Palsy include facial nerve selective necrolysis, facial masseter nerve anastomosis, facial hypoglossal anastomosis, gracilis muscle graft and reconstruction. The outcome of these techniques is very successful narrated by Dr. Ha and Dr. Huyen from Vietnam.

Commenting on this Dr. Amit Aiwale, Neurosurgeon says, “Many patients have one side facial paralysis which causes deviation of angle of mouth and difficulty in closing eyes. The smile becomes unbalanced. It creates social embarrassment to many patients who avoid going to social gatherings and over all affects the social life. The causes of facial paralysis are like bell’s palsy, skull base tumors, trauma, stroke, infection of ears and skull base. 70% managed with medical management and steroids. But many have permanent palsy or residual defects. After 1 year of treatment many have facial muscle atrophy and the treatment outcome is poor. Our initiative of Advanced Facial Palsy Clinic at Solaris Hospital a leading center for facial paralysis surgery in India. We are a specialty center for the correction of drooping mouths. This most commonly is caused by facial paralysis. We offer advanced treatments with the latest innovations from around the world.”
Dr. Ashesh Bhumkar who is one of renowned international faculties all over the world in microtia patients for ear reconstruction has taken step forward to give proper smile to facial palsy through Facial palsy clinic in association with Dr. Deepak Aiwale (Neurologist) and Dr. Amit Aiwale (Neurosurgeon) from Solaris Hospital in Thane. Solaris hospital is one of the advanced hospitals in Thane for all Neurology and Neurosurgery patients. Dr. Ashesh Bhumkar has always done work to put India's name on the World Map. This initiative of Facial Palsy Clinic at Solaris Hospital will definitely help the patient to get back their smile and such kind of advanced clinics where these specialised treatment options are possible in India are needed, said by Dr. Deepak Aiwale, Chairman of Solaris Hospital, Thane. 

www.solarishospitals.com 

LIC of India introduced new plan “LIC’s JEEVAN UTSAV (Plan No. 871)”

 In tune with our market talk, Chairperson, Shri Siddhartha Mohanty, Life Insurance Corporation of India launched a new plan, LIC’s Jeevan Utsav with effect from 29.11.2023. LIC’s Jeevan Utsav is Individual, Savings, Whole Life Insurance plan. It is a Limited Premium plan with Guaranteed Additions throughout Premium Paying Term. The Unique Identification Number (UIN) for LIC’s Jeevan Utsav Plan is 512N363V01.

• This plan is available for age starting from 90 days to 65 years. It gives guaranteed Life Long income and Life Long Risk Cover.

• The minimum premium paying term is 5 years and maximum premium paying term is 16 years

• For each policy year for which premium is paid, the Guaranteed Additions @ Rs. 40 per thousand Basic Sum Assured shall accrue at the end of each policy year during the premium paying term.

• On survival of the Life Assured after Premium Paying Term, the Policyholder can choose from:

Option I- Regular Income Benefit - which is 10% of the Basic Sum Assured, payable at the end of each policy year, starting after 3 to 6 years of the deferment period.

Option II- Flexi Income Benefit – Policyholder can opt for Flexi Income Benefit under which 10% of the Basic Sum Assured payable can be accumulated and withdrawn later, subject to the terms and conditions of the policy. LIC shall pay interest on such Deferred Flexi Income payments @ 5.5% p.a., compounding yearly.

As the Policyholder is offered life cover for the whole life, the Death Benefit will be payable as follows:

• On death of the Life Assured after the date of commencement of risk, Death Benefit equal to “Sum Assured on Death” along with accrued Guaranteed Additions shall be payable, provided the policy is in-force. This Death Benefit shall not be less than 105% of total premiums paid up to the date of death. “Sum Assured on Death” is ‘Basic Sum Assured’ or ‘7 times of Annualized Premium, whichever is higher

• Maturity benefit is not available under this plan as Regular/Flexi Income Benefits are continued for life as peer option exercised 

• Additional Liquidity is available through loan

• Attractive High Sum Assured Rebate is available.

• This product satisfies the long pending demand of lower and flexible Premium Paying Term.

• Five optional riders are available under this plan. The policyholder can opt for either LIC’s Accidental Death and Disability Benefit Rider or LIC’s Accident Benefit Rider and/or the remaining three riders, i.e. LIC’s New Term Assurance Rider, LIC’s New Critical Illness Benefit Rider and LIC’s Premium Waiver Benefit Rider are also available by paying additional premium subject to the eligibility conditions.

• The Plan is a Non-Linked, Non-Participating Plan.

Please refer to the full Product Prospectus and Sales Brochure for details or visit our website www.licindia.in.

This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers, Insurance Marketing Firms as well as Online directly through our website www.licindia.in

अभ्युदय बँक खातेधारकांमध्ये विश्वास निर्माण करण्यासाठी आमची युनियन प्रयत्नशील ----- आनंदराव अडसूळ

काल शुक्रवार दि.24/11/2023 रोजी  रिझर्व बँकेने Banking Regulation Act 1949 च्या कलम 36 AAA अन्वये मुंबईतील बहुराज्यीय सहकारी बँक असलेल्या अभ्युदय को- ऑप. बँकेचे संचालक मंडळ पुढील 12 महिन्यासाठी बरखास्त करुन प्रशासकाची नेमणूक केली आहे. 

अभ्युदय बँकेची स्थापना मुंबईतील काळाचौकी सारख्या कामगार वस्तीतील अभ्यूदय नगरमध्ये अभ्यूदय या नावाने 1965 साली करण्यात आली. अल्पावधीतच मुंबईतील इतर अनेक सहकारी बँकांना मागे टाकून या बँकेने मोठया प्रमाणात आर्थिक भरारी घेतली.  आज भारतातील जवळपास 1540 सहकारी बँकांमध्ये अभ्यूदय सहकारी बँकेचा क्रमांक चौथा लागतो.  या बँकेने अनेक स्थित्यंतराचा सामना करत तसेच अनेक प्रकारचे आर्थिक अडथळे पार करुन आपला कारभार चढत्या क्रमानेच चालू ठेवलेला आहे.  पंरतु करोना सारख्या जागतीक महामारीमुळे भारतातीलच काय परंतु संपूर्ण जगभरातील बँका अडचणीत आल्या.  सहकारी बँकांना राज्य किंवा केंद्र शासनाकडून कोणत्याही प्रकारची आर्थिक मदत मिळत नसल्याने सहकारी बँकांना सावरण्यासाठी अधिक कालावधी लागत आहे. 

उपरोक्त बाबी लक्षात घेता अभ्यूदय बँक काही प्रमाणात आर्थिक संकटात सापडली असल्याने 31 मार्च 2023 अखेर बँकेस रु.193 कोटी तोटा सहन करावा लागला.  खरे पाहता नफा तोटा हा व्यवसायाचा भाग असतो. आज फायदयात असलेल्या बँका उद्या तोटयात येऊ शकतात. त्याचप्रमाणे तोटयातील बँका देखील अल्पावधीत फायदयात येऊ शकतात. याचे ज्वलंत उदाहरण म्हणजे जवळपास 16 राष्टीयकृत बँका मोठया प्रमाणात तोटा सहन करुन आज फायदयात आलेल्याचे दिसून येते.

सध्या अभ्युदय को- ऑप. बँकेच्या महाराष्ट्र, कर्नाटक व गुजरात या राज्यांमध्ये एकूण 109 शाखा कार्यरत आहेत.  बँकेचे सध्याचे भांग भांडवल रु.216 कोटी असून बँकेच्या एकूण ठेवी रु.10 हजार कोटी, बँकेची एकूण कर्जे रु.6300 कोटी तसेच खेळते भांडवल रु.13 हजार कोटी आहे. बँकेमध्ये एकूण साधारणपणे 2800 कर्मचारी/अधिकारी कार्यरत असून ते कर्मचारी/अधिकारी उत्कृष्ट सेवा देऊन बँकेंस उर्जिता अवस्थेत आणण्यासाठी प्रयत्न करीत आहेत. आमच्या आतापर्यंतच्या प्रदिर्घ अनुभवातून खात्रीपूर्वक सांगू इच्छितो की, अभ्यूदय बँक लवकरच आर्थिक फायदयामध्ये आलेली दिूसन येईल.  

मी गेली 38 वर्षे मुंबईत आणि राज्यातील 10 जिल्हयात सहकारी बँकांतील कर्मचारी अधिकाऱ्यांच्या युनियनचे नेतृत्व करीत आहे.  अभ्यूदय बँकेमध्ये देखील आमची युनियन गेली 40 वर्षापासून कार्यरत आहे. परंतु काही अघटीत बाबींमुळे गेल्या 4 वर्षापासून अभ्युदय बँकेत स्थानिक पातळीवरील व्यवस्थापन धार्जिणे युनियन कार्यरत आहे.  तरी देखील संपूर्ण सहकारी चळवळ आणि त्यावर अवलंबून असणाऱ्या इतर घटकांबरोबरच कर्मचारी/अधिकारी यांच्या भविष्याची काळजी वाहण्याचे काम आंम्ही निरंतरपणे करीत आलो आहोत. यास्तव आंम्ही अभ्युदय बँकेतील कर्मचारी अधिकारी यांना देखील वाऱ्यावर सोडणार नाही,  हे खात्रीपूर्वक सांगतो.

रिझर्व बँकेने अभ्युदय सहकारी बँकेवर उच्च दर्जाच्या प्रशासकाची नेमणूक करुन त्याच दर्जाच्या सहाय्यकांची  नेमणूक देखील केली आहे.  सदरच्या प्रशासक मंडळाची नेमणूक ही बँकेचे सभासद, ठेवीदार, कर्जदार, कर्मचारी/अधिकारी यांचे भवितव्य उज्वल करण्याच्या उद्देशाने  केली आहे.  बँकेंचा सर्व आर्थिक व्यवहार नित्य नियमाप्रमाणे चालू राहणार असून अभ्युदय बँकेंवर इतर कोणतेही आर्थिक निर्बंध लादलेले नाहीत. बँकेचा आर्थिक व्यवहार नियमानुसार चालवून व्यवस्थापकीय व प्रशासकीय शिस्त लावण्याचे काम प्रशासकीय  मंडळ करणार आहे. 

आंम्ही बँकेंच्या सर्व घटकास शाश्वत करीत आहोत की,  प्रशासकीय मंडळाच्या नेमणूकीमुळे बँकेच्या आर्थिक स्थेर्यास कोणतीही बाधा पोचणार नाही. उलट बँक सुस्थितीत येईल यासाठी प्रशासकीय मंडळ प्रयत्नशील राहणार आहे. आतापर्यंतचा अनुभव सांगतो की, आर्थिक संकटात सापडलेल्या सहकारी  बँकांवर रिझर्व बँकेने प्रशासकीय मंडळ नेमून सर्व बँका सुस्थितीत आणलेल्या आहेत, याचा अर्थ अभ्युदय बँकेच्या ठेवीदारांसाठी ठेवी तसेच सभासदाचे भाग भांडवल आज देखील सुरक्षित आहेत. त्यामुळे सर्वसामान्य खातेदारांनी, ठेवीदारांनी अजिबात घाबरुन जाण्याचे कारण नाही. आंम्ही ही बँक पुन्हा कशी सुस्थितीत येईल यासाठी प्रशासकीय मंडळास सहकार्य करु.  सर्वसामान्य खातेदार व ठेवीदारांनी सुध्दा  विश्वास ठेऊन सहकार्य करावे.

धन्यवाद

(आनंदराव अडसूळ)

         अध्यक्ष

Abdul’Baha : A Beacon of Helpfulness and a Figure of Mystery

Abdul’Baha, the son of Baha’u’llah, the Founder of the Baha’i Faith, was a truly remarkable figure in history. This article aims to shed light on his significant role within the Baha’i Faith and explore why he is regarded as such an exceptional individual. Additionally, it will provide an introduction to Baha’u’llah, the founder of the Baha’i Faith, to provide a broader context.

Abdul Baha assumed leadership of the Baha’i Faith after the passing of his father, Baha’u’llah. As the appointed successor, he carried the responsibility of guiding the Baha’i community and promoting its principles worldwide. His leadership spanned nearly three decades, during which he worked tirelessly to advance the teachings of Baha’u’llah and to foster unity among the believers.

Baha’u’llah, born in 1817 in Persia (modern-day Iran), is the founder of the Baha’i Faith. He proclaimed that he was the Manifestation of God for this age and brought teachings that emphasized the unity of all religions, the oneness of humanity, and the need for global peace. His writings, which include the Kitab-i-Aqdas (The Most Holy Book) and the Kitab-i-Iqan (The Book of Certitude), provide guidance for individuals and societies to establish a just and harmonious world.

Abdul’Baha’s remarkable qualities were evident in his embodiment of the teachings of Baha’u’llah. He possessed a deep spiritual insight, which he shared through his extensive writings and public addresses. His wisdom and guidance provided a profound understanding of the Baha’i teachings, inspiring countless individuals to embrace the principles of the Faith.

One of Abdul Baha’s most significant contributions was his efforts to promote unity and peace. He traveled extensively, spreading the message of the Baha’i Faith and advocating for the elimination of prejudice and the establishment of a unified global society. His vision of unity encompassed all aspects of human life, including the unity of religions, races, and nations. He believed that through unity, humanity could overcome its challenges and achieve lasting peace.

:Abdul’Baha was a passionate advocate for social justice, particularly for the rights of women and the upliftment of the poor and marginalized. He actively worked to address societal inequalities and called for the education of both men and women, recognizing the importance of empowering all members of society. His efforts to promote social justice and equality were ahead of his time and continue to inspire social reform movements today.

Abdul’Baha’s legacy extends beyond his leadership of the Baha’i Faith. His profound impact on individuals and communities can be seen in the countless lives he touched through his acts of kindness, compassion, and service. His teachings and example continue to inspire individuals to strive for a more just, unified, and peaceful world.

Conclusion:Abdul Baha’s remarkable qualities, leadership, and dedication to the principles of the Baha’i Faith make him an exceptional figure in history. As the son of Baha’u’llah, the Founder of the Baha’i Faith, he played a pivotal role in advancing the teachings of his father and promoting unity and peace. His commitment to service, social justice, and the empowerment of all individuals continues to inspire and guide people around the world, making him a truly remarkable and influential figure in history.

Reflections on a Night of Design Extravaganza and Celebration

 

Designers Group, powered by Fairfield By Marriott, Mumbai, toasted to 35 years of pushing the boundaries of design.

Mumbai, Maharashtra: Designers Group, a trailblazer in India's hospitality industry, recently commemorated 35 years of design excellence with an exclusive event, powered by Fairfield By Marriott. The event was held on November 22nd, 2023, from 5:30 PM onwards and unfolded as a remarkable celebration of creativity, innovation, and the enduring legacy of Designers Group.

The event reached an esteemed status with the notable presence of editors and other High Net Worth Individuals (HNIs) from leading media houses like Conde Naste, Burda Luxury, Ogaan media, ITP media and significant other publishers from the hospitality & travel segment. Their involvement not only added an extra layer of magnitude to the occasion but also reaffirmed the exceptional design capabilities of Designers Group with resonance. The presence of these distinguished figures emphasised the industry-wide acknowledgment of the organization's ability to push the boundaries of design excellence, reinforcing the event as a crucial milestone in recognizing the firm's position in the creative landscape. 

The evening kicked off with a cordial reception for the guests. An engaging session unfolded, fostering interactions between guests and the DG team including Sujata Chitalwala, Partner and Principal Designer and Ar. Alisha Chitalwala, Associate Architect followed by a delightful high tea. The spotlight then shifted to an engrossing journey through Designers Group's history, accompanied by an exclusive tour of the Fairfield by Marriott property by the first lot of the guests, personally guided by the visionary Ar. Khozema Chitalwala. Conceived by Chitalwala himself, the design concept reflects a minimal and contemporary ambience while seamlessly incorporating the cultural and local influences of the region. 

Visitors experienced the standout aspects of the hotel, starting with the entrance that skillfully incorporates diverse patterns and textures to elevate the overall guest experience. Reflecting the nautical vibe of the city, a carefully curated colour palette ranging from white to blue was chosen. The lobby is enriched with parametric elements, featuring a circular rug on the floor, curved couches supported by wooden logs, and an unconventional chandelier that enhances the illumination. The parametric design of the stone backdrop for the lobby reception ensures a seamless blend with the surroundings. From the contemporary-designed banquet hall, bar, private dining room, and the all-day dining venue to the suite rooms and the swimming pool area, every space was covered in the tour. The design principles of DG, emphasizing simplicity and a deep appreciation for local context and cultural values, have been skillfully interwoven into the design of Fairfield By Marriott. 

Sustaining the momentum, Ar. Khozema Chitalwala delivered a comprehensive presentation on the hotel's design, accompanied by impactful speeches from Ajoy Balkrishna, Vice President, and Rafiq Balwa, Executive Director and Vice President of Balwa Group, acknowledging the completion of 35 years for Designers Group. Subsequently, the second group of guests embarked on a tour of the property.

As the night progressed, guests were treated to a gourmet dinner, a meticulous fusion of design and gastronomy, offering a sensorial banquet that mirrored the dedication to excellence shared by Designers Group and Fairfield By Marriott. The meal was themed around 'Mumbai,' aligning with the design inspiration of the hotel.

The grand finale featured a gesture of appreciation, with attendees receiving meaningful gifts, marking the perfect conclusion to a night filled with design, culinary delights, and celebration. A heartfelt thank you from Designers Group goes out to everyone who played a part in making this event an outstanding success.

Mastercard and U GRO Capital collaborate to extend financing solutions to small businesses and support business growth

23rd November 2023, India: Mastercard, today announced a collaboration with U GRO Capital, an NBFC specializing in MSME financing, to extend financing solution to small businesses in India that require financial support to maintain and grow their operations. MSMEs in India have long grappled with substantial challenges, including constrained access to capital. According to recent reports, out of over 64 million MSMEs in India, only 14 per cent have access to credit.

This strategic collaboration between Mastercard and U GRO Capital aims to address this challenge by enabling a holistic digital supply chain financing solution for millions of small businesses in India. U GRO Capital will leverage its proprietary underwriting and cash flow backed assessment model to offer short term credit to dealer-distributors and last-mile retailers, among other small merchants and women entrepreneurs. Through its vast network, Mastercard is bringing together the demand and supply side ecosystem stakeholders on a common platform to facilitate the adequate support for the growth of small businesses. 

Vikas Varma, Chief Operating Officer, South Asia, Mastercard, commented, "Mastercard understands the substantial challenges faced by MSMEs in accessing capital, thus, posing a barrier to the growth of their businesses. The credit gap requires a collective effort, and it is imperative to forge right partnerships within the ecosystem to overcome the existing divide. U GRO Capital and Mastercard are joining forces to deliver an accessible working capital solution and the collaborative commitment aims to fuel the growth of small businesses across India, paving the way for sustained success in the entrepreneurial landscape."

With its progressive approach to MSME financing, U GRO Capital leverages data tech platform to extend credit to MSMEs. The approach emphasizes cash flow-backed assessments based on data analysis, transcending traditional financial and collateral-based evaluations. U GRO Capital's proprietary underwriting model, the GRO Score, goes beyond traditional lending by harnessing the power of ecosystems and leverages alternate data sources to evaluate customers based on their banking, bureau, and GST behaviors, facilitating credit extension to the last mile.

Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital, said, “We are truly excited to collaborate with Mastercard, a recognized global leader in the payment industry. This strategic partnership complements our vision of reshaping the MSME finance landscape and meeting the pressing demands for instant working capital. We are confident to onboard millions of small businesses through the Mastercard network, thereby magnifying our collective impact on the MSME sector. This alliance, underpinned by innovation and a shared commitment, holds the potential to be a pivotal force in addressing the intricate credit needs of MSMEs nationwide.”

Mastercard announced a global commitment to bring a total of one billion people and 50 million micro and small businesses, including 25 million female entrepreneurs into the digital economy by 2025. This collaboration with U GRO Capital aligns with Mastercard’s mission to drive financial inclusion for businesses across India.

###

About Mastercard (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About UGRO Capital Ltd (NSE: UGROCAP I BSE: 511742), www.ugrocapital.com

UGRO Capital Limited is a Data Tech Lending platform, listed on NSE and BSE. Pursuing its mission of “Solving the Unsolved” for small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach.

The Company’s prowess of Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end to end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers and GRO X application to deliver embedded financing option to MSMEs.  

The credit scoring model GRO Score (3.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.

UGRO has pioneered the "Lending as a Service" (LaaS) model in India and has effectively operationalized Co-lending relationship with 10+ Large Public Sector Banks and large NBFCs and built a sizeable LaaS book of more than 10% of its AUM through the GRO Xstream platform.

The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018 and INR 340 Cr in 2023) and aims to capture 1% market share over the next three year.

Union Minister Shri Rajeev Chandrasekhar to Deliver Keynote atI ndia’s Largest Online Gaming Convention on December 5

New Delhi, November 23, 2023: The Internet and Mobile Association of India (IAMAI), in collaboration with the Federation of Indian Fantasy Sports (FIFS) and the E-Gaming Federation (EGF) is all set to organise the first edition of the nation’s largest gaming conference, the Indian Gaming Convention (IGC), on December 5, 2023, at the Taj Palace, New Delhi. Shri Rajeev Chandrasekhar, Minister of State for Skill Development and Entrepreneurship, and Electronics and Information Technology, Government of India, will deliver the keynote address at the valedictory session. 

Leading policymakers, regulators, gaming industry captains, marketers, game developers and service providers will converge on one platform to address the IGC, which is expected to draw more than 700 delegates, including senior professionals of the online gaming ecosystem of the country.

Among stalwarts of the gaming landscape who will share their insights at the IGC will be Dr. Trivikraman Thampy, Co-founder, Games24x7; Dilsher Singh Malhi, Founder & CEO, Zupee; Salone Sehgal, General Partner, Lumikai; Ishita Grover, Director (Marketing), Oneplus; Deepak Jacob, General Counsel, DreamSports, and Anuraag Saxena, CEO, EGF. 

International speakers, addressing the IGC will include Jean Major, a former Canadian regulator currently on the Board of the Ontario Lottery and Gaming Commission, and Sarah Ramansaukas, a player safety expert from the UK, who co-founded The Game Safety Institute.

Elaborating on the context of the Convention Harsh Jain, Chairman, IAMAI and CEO and Co-founder Dream Sports, said, “2023 has been a defining year for India’s Online Gaming industry, marked by multiple positive developments like MeitY’s appointment as our nodal ministry, notification of the IT regulations and clarity on taxation. These developments will facilitate the industry’s sustainable and responsible growth over the long term. I look forward to insightful discussions at IGC, where the focus will be on exploring collaborative strategies between industry, Government, and the ecosystem to enable a safe, trusted, and accountable Indian online gaming industry that can emerge as the global hub for gaming.”

Bhavin Pandya, Chairman of the IAMAI Online Gaming Committee, and Co-founder & Co-CEO of Games24X7 said, “The Indian online gaming industry is going through a tectonic shift, with 2023 being a landmark year in its evolution. Key tax and policy frameworks have laid a robust foundation for the online gaming sector, but there is a long way to go from here. This underscores the need for platforms like the Indian Gaming Convention (IGC) where open and honest dialogues between industry and government, stakeholders and partners, and visionaries and innovators are earnestly facilitated. Such platforms are crucial for our industry to seize opportunities and face challenges collectively. I'm confident that the IGC will evolve into a central platform which will play an instrumental role in shaping the future of the online gaming industry in India.”

More than 35 of subject-experts will deliberate upon the opportunities and challenges before India’s online gaming industry 360 degrees in 10 of sessions, including keynotes, fireside chats, and panel discussions. Some of the key sessions of the IGC will be on “Future of Gaming: Fuelling Innovation to Make India a Global Gaming Hub”, “Empowering the Digital Landscape: Online Gaming's Role in Fueling Digital India”, ”Building a Robust National Regulatory Framework for Online Gaming”, “Investor Insights: How Can the Industry Build Through Regulatory Shifts”, “Gaming's Role in Promoting Culture, Education, and Sports”, and “Voices of the Game: Online Gaming in India, A User-Speaks Experience”. 

Value Leaf is the Platinum Partner of the IGC, and it is being supported by the Government of Telangana. 

For more information on India’s largest gaming convention please visit IAMAI Event | Indian Gaming Convention

About IAMAI:

Established in 2004, the Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body and the country's only organization representing the digital services industry with over 550 Indian and multinational corporations as its members. IAMAI is dedicated to presenting a unified voice of the businesses it represents to the government, investors, consumers, and other stakeholders. IAMAI represents varied sectors such as digital payments, fintech, digital commerce, digital advertising, digital entertainment, traveltech, online gaming, edtech, healthtech, agritech, big data, ML, AI & IoT, AR/ VR, logistics-tech, D2C, EV, VC, gift cards, and so on.

  

Laghu Udyog Bharati launches a Survey Campaign on ‘Empowering MSMEs’ in Maharashtra

- Survey to provide a centre point for data for the industry’s issues -

Mumbai, November 23, 2023: Laghu Udyog Bharati (LUB), an organization dedicated to serving micro and small industries in India, has announced a new Survey Campaign called "Empowering MSMEs – (To March Towards One Trillion Dollar Economy)" in Mumbai. The survey covers eight key topics including subjects such as Banking & Finance, Industrial Land & Infrastructure, Pollution Control, Power Supply, Business Environment, Labor Issues, and Poor Grievance Mechanisms Related to Government. LUB will conduct an outreach program through a survey to reach and instrument feedback from over 1,00,000 entrepreneurs, factory owners, and service providers to manufacturing industries across all regions and districts of Maharashtra. LUB will analyze and share the results of the survey with the state government to address issues faced by businesses and provide solution within estimated turnaround time of 45 days.

LUB will share a survey QR code with registered participants via WhatsApp and emails. Interested individuals and organizations can also take the survey by scanning the code or accessing the form on LUB's website. For maximum outreach, QR codes linking to the survey will be prominently displayed on banners positioned outside all industrial parks located in both MIDC and non-MIDC areas across the state of Maharashtra. Additionally, the QR codes will be posted on the main social media pages of LUB. This broad-based approach aims to distribute awareness of the survey opportunity to stakeholders throughout the region by leveraging multiple physical and digital channels. For the convenience of participants, the survey is available in both English and Marathi languages.

Shri Ravindra Vaidya, President, Maharashtra LUB said, “Maharashtra is a powerhouse for India's economy and the largest contributor of micro, small and medium-sized enterprises (MSME) businesses. It contributes more than 15% of India's gross domestic product, 20% to industrial production, and 20% to Indian exports. Through this digital survey, we aim to assess data in real-time and provide findings from the data within a 45-day timeframe for faster resolution of issues. This will help entrepreneurs and businesses quickly resolve problems categorically. This survey will provide a roadmap for this sector regarding ease of doing business, which will help accelerate growth. These findings will serve as a ready reference for relevant authorities to acknowledge problems and bring solutions. The data will demonstrate how successfully the portal has resolved issues for this industry with quick turnaround times.” 

Shri. Bhushan Marde, General Secretary, Maharashtra LUB said, “Policy advocacy, policy intervention, implementation are the key issues that LUB focus to resolve. The thought process behind this survey is to address the industrial lag on the topics we have chosen and help the entrepreneurs and business owners to overcome the challenges. Trivial issues related to banking, acquiring land parcels for businesses, huge cost margins, delay in getting power connections, no quick resolutions from government authorities on complaints filed etc. will be put under focus through this survey. 

About Laghu Udyog Bharati:

Laghu Udyog Bharati is a registered all India organization of Micro and Small Industries in India since 1994. Today, Laghu udyog Bharati has its membership spread over the length and breadth of the country. It has membership in more than 580  Districts with 250 Branches all over the Country. In a genuine effort to organise MSE sector Laghu Udyog Bharati is fighting the various ills plaguing the sector and to remove impediments coming in the way to MSEs.

Gopal Vittal urges customers to consider adopting E-Sims for convenient and efficient connectivity

• Bharti Airtel's CEO and MD, Gopal Vittal, in a customer letter today emphasises the advancements in mobile technology with embedded SIMs (e-SIMs)

• In the times of interconnected devices, e-SIMs can provide seamless connectivity

New Delhi, November 21, 2023: Bharti Airtel (“Airtel”), one of India’s leading telecommunications service provider, today, in a customer letter emphasized the advancements in mobile technology with embedded SIMs (e-SIMs) and encouraged Airtel users to make the switch to an e-SIM. Bharti Airtel has streamlined the e-SIM upgrade process through the Airtel Thanks App, simplifying the transition from a physical SIM to an e-SIM.

An e-SIM is an online extension of one’s regular SIM card, eliminating the need to physically access SIM card on one’s phone. In today’s digital first lifestyle and with increasing penetration of newer models of smart wearables, smartphones, etc being e-SIM enabled, the shift from physical SIM can provide seamless connectivity between multiple devices. 

In the customer letter, Gopal Vittal, MD and CEO, Bharti Airtel cited a few examples where an e-SIM comes in handy for users. Like when going for a morning jog, now Airtel e-SIM users can just wear their smartwatch and be connected to their phone without having to physically carry it.  e-SIMs also help against theft as it makes it more difficult for the criminals to disconnect the e-SIM from the stolen device as compared to physical SIMs; also making a lost phone easily traceable. e-SIMs let customers use multiple mobile phone numbers on single SIM and device and makes shifting from a device to the other easy and seamless. 

Airtel has tried to make the switch to an e-SIM as seamless as possible for customers. Airtel CEO highlighted that all devices supporting the e-SIM feature are compatible with Airtel e-SIM. Customers can easily convert a physical SIM into an e-SIM through the Airtel Thanks App, available for download on both the Google Play Store and Apple iOS App Stores.

For more information on e-SIM for smartphones or smartwatches and a step-by-step conversion process, Airtel customers can visit www.airtel.in/esim. Airtel ensures efficient connectivity by activating the e-SIM profile as soon as it's downloaded and enabled. Further details and Airtel e-SIM Card FAQs can be found on the provided URL.

About Bharti Airtel Limited

Headquartered in India, Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data center services, cyber security, IoT, Ad Tech and CPaaS (Airtel IQ). For more details visit www.airtel.com

RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED (A Government of India Undertaking) 'Viksit Bharat Sankalp Yatra' campaign across the country

Mumbai : With the aim of reaching the benefits of the Flagship schemes of the Government of India to the target beneficiaries, the nationwide campaign 'Viksit Bharat Sankalp Yatra' is being Organized  by the Central Government and this campaign was inaugurated by the auspicious hand of Hon'ble Prime Minister Shri Narendra Modiji on 15th November 2023 at District Khunti, Jharkhand  on the occasion of Janjati Gaurav Din.

A leading Navratna status awarded company Rashtriya Chemicals and Fertilizers Limited with other fertilizer manufacturing companies, are participating in the campaign. In agriculture sector, important information is being given regarding the balanced use of fertilizers to maintain the proper health of the soil by avoiding the excess use of chemical fertilizers along with the spraying of nano urea, nano DAP and other micronutrient fertilizers through advanced drone technology. RCF is always trying to create awareness among the farmers community by conducting farmers meeting, soil testing, agricultural exhibitions and fairs, crop demonstrations etc.

This campaign is being implemented by various ministries under Government of India with the special participation of Ministry of Information and Broadcasting, Ministry of Agriculture and Department of Fertilizers. The aim of the said campaign is to create awareness general public about the various people oriented schemes which are implemented by the central government. This initiative has been started from all the tribal districts of India will be continued till 24th January , 2024 in PAN India.

With best wishes,

RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED

(A Government of India Undertaking)

Corporate Communications Department

     Gr Floor,"Priyadarshini"Sion, Mumbai - 400 022.

             Telephone: 02225523124,email: ccandcsr@rcfltd.com

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प्रसिध्दीपत्र

                   देशभर में 'विकसित भारत संकल्प यात्रा' अभियान

मुंबई : भारत सरकार की महत्वाकांक्षी योजनाओं का लाभ लक्षित लाभार्थियों तक पहुंचाने हेतू केंद्र सरकार द्वारा देशव्यापी अभियान 'विकसित भारत संकल्प यात्रा' चलाया जा रहा है और इस अभियान का उद्घाटन माननीय प्रधानमंत्री श्री नरेंद्र मोदीजी के करकमलों द्वारा दिनांक 15 नवंबर 2023 को जिला खूंटी, झारखंड में किया गया. इसका शुभारंभ “जनजाति गौरव दिन” के अवसर पर किया गया है।

देश के उर्वरक क्षेत्र की अग्रणी नवरत्न दर्जा प्राप्त कंपनी राष्ट्रीय केमिकल्स एंड फर्टिलाइजर्स लिमिटेड सहित अन्य उर्वरक निर्माता कंपनियां इस अभियान में सहभाग ले रही हैं। कृषि क्षेत्र में उन्नत ड्रोन तकनीक के माध्यम से नैनो यूरिया, नैनो डीएपी एवं अन्य सूक्ष्म पोषक उर्वरकों के छिड़काव प्रात्याक्षिक के साथ-साथ रासायनिक उर्वरकों के अनावश्यक दुरुपयोग से बचकर मिट्टी के उचित स्वास्थ्य को बनाए रखने के लिए उर्वरकों के संतुलित उपयोग के संबंध में महत्वपूर्ण जानकारी दी जा रही है। आरसीएफ किसानों के बीच जागरूकता पैदा करने के लिए लगातार प्रयास कर रहा है और किसानों के लिए मिट्टी परीक्षण, कृषि प्रदर्शनी और मेले, फसल प्रदर्शन से किसानोकों नयी तकनिक का अवगत करनेका प्रयास करता हैं।

यह अभियान सूचना एवं प्रसारण मंत्रालय, कृषि मंत्रालय और उर्वरक विभाग की विशेष भागीदारी के साथ भारत सरकार के अधीन विभिन्न मंत्रालयों के माध्यम से कार्यान्वित किया जा रहा है। उक्त अभियान का उद्देश्य आम जनता को केन्द्र सरकार द्वारा चलायी जा रही विभिन्न जनोन्मुखी योजनाओं की जानकारी देना है। यह पहल भारत के सभी आदिवासी जिलों से शुरू की गई है और 24 जनवरी 2024 तक यह पहल पूरे देश में लागू की जाएगी।

शुभकामना सहित,

Utkarsh Small Finance Bank Limited expands its presence with the opening of its new banking outlet in Bhayandar, Thane Maharashtra

With this, the Bank has 72 banking outlets in Maharashtra and 877 banking outlets across the country.

Mumbai, November 21, 2023-: Utkarsh Small Finance Bank Limited (USFBL), today announced the inauguration of its new banking outlet in Bhayandar, Thane in the state of Maharashtra.

With this launch, the Bank has reached 72 branches in the state of Maharashtra and 877 in the country spread across 26 States and Union Territories.  

Addressing the inauguration, Ms. Kalpana Prakash Pandey, Independent Director at Utkarsh Small Finance Bank Limited, stated, " It is heartening to see the Bank entrenching its footprint and growing from strength to strength, spreading its presence across the country. I wish the Bank the very best in its future endeavors”.

Commenting on the expansion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited said, “Maharashtra is an important state for us. The inauguration of this banking outlet not only supports and nurtures the entrepreneurial spirit of the local community, but also provides them with a valuable opportunity to enhance their financial confidence. Moreover, it serves as a catalyst for fostering a thriving environment of employment and accomplishment."    

The Bank is in a position to provide an array of financial products and services to its customers, which includes savings and current accounts, fixed deposits and recurring deposits along with various loan products such as housing loans, business loans and loan against property. With its branch infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service.

This launch is aligned with the Bank’s strategy to extend its reach and offer entire gamut of financial services including current & savings accounts, fixed & recurring deposits, loans, credit, insurance and investment products to customers across our network. The customers can access banking through multiple channels like branches, 24*7 ATMs, Internet banking, Mobile banking, Unified Payment Interface (UPI) and Call Centre.

 

Utkarsh SFBL aims to provide financial services to underserved and unserved customer segments while serving other segments of society including micro-banking loans (JLG loans), MSME loans, housing loans and loan against property amongst others. Also, the Bank provides facility to customers for opening a bank account without having to visit the branch through the tablet-based application assisted model, “Digi On-Boarding”.

Keller’s Arthroplasty procedure saves diabetic patients foot in Apex Group of Hospitals

Mumbai- In India there are nearly 101 million Diabetic patients. Out of these patients 20% used to develop foot ulcers in their lifetime. According to WHO, diabetes is a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputations. Foot ulcer is the pivotal event which leads to major amputations in Diabetic patients. So, the prevention of ulcer and if ulcer is there then healing of ulcer and prevention of recurrence is the most important strategy to prevent these amputations in Diabetic patients. Commenting on this Dr. Shrikant Bhoyar, Diabetic Foot Surgeon from Apex Superspeciality Hospital, Borivali says, “About 85% of ulcers are because of Neuropathy. Neuropathy makes the foot insensate and small injuries go unnoticed which later becomes the cause of major amputations.  45-year-old diabetic patient from Mira Road admitted in Apex Superspeciality Hospital, Borivali for foot ulcer treatment, as many doctors suggested amputation surgery. We decided to conduct Keller’s arthroplasty procedure which is a procedure to remove bone from the spot where your big toe joint meets the metatarsal bone and replace it with soft tissue. In this case Keller's arthroplasty 6 mm to proximal 1/3 of proximal phalanx bone is cut releasing all the adhesions and insertion of tendon on the base of proximal phalanx saving the blood supply and flexor and extensor tendons inserting at the base of distal phalanx. The patient is discharged after 48 hours of surgery and advised not to put pressure or weight on the operated foot for at least 10 days. This procedure is often done when your toe joint is affected by ulcer or wound. A Keller’s gap arthroplasty can help to heal this Inter phalangeal ulcer almost permanently and help you use your foot more freely.”

Dr. Shrikant Bhoyar further added that we have operated on about 38 cases of IP joint ulcers. The 1 st case was operated 6 years back and not a single patient has come back with recurrence. So, I can say that and supported by the data world over the treatment of this simple looking ulcer is Kellers’s gap arthroplasty to get almost permanent relief from this ulcer and prevent further complications. Neuropathy also makes the joints stiff and alters the biomechanics of the foot leading to focal points of increased pressure which again becomes the cause of ulceration. The Great Toe ulcers form 33% of all the ulcers in Diabetic patients. If not treated early the ulcers can become the cause of infection and amputation of the Great toe and of the leg. The main causative factors of ulceration are Neuropathy , vasculopathy and limited joint mobility. Prolonged hyperglycemia contributes to all these factors. In India Neuropathy plays an important part in causation of foot ulcers, so heal the ulcers and prevent amputation whenever possible. There are many preventive surgeries in diabetic patients with ulcers which most of the patients were not aware of which need to be addressed immediately in the Indian healthcare industry.  

Apex Group of Hospitals is a chain of Hospitals managed and run by expert Medical Professionals with experience of 25 years. Currently Apex group of Hospitals manages more than 350+ beds and provides qualitative healthcare services to the people of Mumbai and surrounding areas. Apex Hospitals is located in Borivali, Kandivali & Mulund.

www.apexgroupofhospitals.com