Union Minister of Ports Shipping and waterways Shri Sarbananda Sonowal meets Italian Minister, Vows Stronger Maritime Cooperation

 

Ministry of Ports, Shipping and Waterw

Shipping Minister Shri Sonowal visited the Italian Naval Ship ‘Amerigo Vespucci’ & the model village of Italy at the Indira Dock in Mumbai Port

 Shri Sarbananda Sonowal calls upon Italy to collaborate for the National Maritime Heritage Complex (NMHC) in Gujarat

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal met the Minister of Enterprises, Govt of Italy, Adolfo Urso, in an effort to deepen the maritime cooperation between the two countries here today. The meeting took place on the sidelines of the docking of Italian Navy School Ship, The Amerigo Vespucci, at the Indira docks in the Mumbai Port. Sonowal also joined Urso to visit the ‘Villagio Italia,’ a model village of Italy to showcase its culture.

🇮🇳🤝🇮🇹 | Glad to join Italy Minister HE @adolfo_urso and Ambassador of Italy to India HE Antonio Bartoli
at the welcome ceremony of ITS Amerigo Vespucci, the 93 year old Italian Naval Sailing Vessel at @MumbaiPortTrust.

This is the first visit of the heritage vessel to India.… pic.twitter.com/dda3JQAXuM

— Sarbananda Sonowal (@sarbanandsonwal) November 30, 2024

Speaking on the occasion, the Union Minister, Sarbananda Sonowal said, “It is a moment of great satisfaction that both the countries, India and Italy, are committed towards deepening the bilateral relationship. Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the economic cooperation between the two countries has surged as Italy remains among the top trading partners of India, with significant inroads in sectors like trade, infrastructure, automobile and renewable energy. Today, we enjoy the Strategic Partnership as we are working in sectors like cyber security, innovation, defence, outer space, green economy, energy security, and transition, as well as Blue Economy. Given the growing trading relationship, it is important that we must deepen our maritime cooperation to unlock economic wealth for both the nations. We know that Cochin Shipyard Limited is already working with Fincantieri in the field of shipbuilding. We remain committed to look for more possible collaborations and explore opportunities how the rich potential of Blue Economy can be explored to deepen our bilateral maritime relationship.”

Speaking at the inaugural session, the Union Minister Sarbananda Sonowal also requested for support and collaboration in National Maritime Heritage Complex (NMHC), which is being built by the MoPSW at Lothal in Gujarat. The Minister highlighted how the maritime expertise as well as the cultural prowess of Italy can add value to this maritime museum.

An Italian Village was created on the wharf facility where the above vessel was berthed for showcasing the best of Italian creativity and craftsmanship. At the Villagi Italia, many exhibitions like ‘We Are Sea’ exhibition, Expo Leonardo, Giotto Experience, The Art of Jago, Sanremo Festival among others will be showcased. Apart from this, the visitors can also visit the Vespucci, dubbed as the ‘world’s most beautiful ship’, which is travelling across the world.

A symbolic celebration of India - Italy bilateral ties, also visited #VillagioItalia, an Italian village being built for the occasion and jointly inaugurated #ItaliaGeniale, an exhibition of Italian products.

Hon'ble PM Shri @narendramodi Ji's leadership is scripting new… pic.twitter.com/xArwkMr07Y

— Sarbananda Sonowal (@sarbanandsonwal) November 30, 2024

India and Italy share a healthy bonding in Maritime Trade and MbPA handles EXIM cargoes viz. steel, automobiles, project cargo, etc., from/to Italy. An Italian Flag cruise vessel m. v. COSTA SERENA was home ported and during F.Y.2023-24, there were 20 calls of this vessel at MbPA. Mumbai Port Authority is the second oldest Major Port in India. Mumbai Port Authority has completed 151 years of existence.

AMERIGO VESPUCCI is a Tall Ship of the Italian Navy named after the explorer Amerigo Vespucci.  The ship was commissioned during May 1931 with a length of 100.5 metres, beam of 15.56 metres and draft of 7 metres.   The propulsion of the ship includes, 26 sails, 2 Diesel Generator engines and 1 Electrical Propulsion Engine.  The ship can cruise at a speed of 15 knots (28 kmph) and has a complement of 15 Officers, 64 Non-Commissioned Officers, 185 Sailors and 130 Naval Academy Cadets and support staff. As part of the ship’s Word Tour 2023-2025, the ship visited Los Angles in USA, Tokyo in Japan, Darwin in Australia, Singapore and is now at Mumbai after which it shall visit Doha, Abu Dhabi and Jeddah.

pic.twitter.com/OVxZrubAEB

— Sarbananda Sonowal (@sarbanandsonwal) November 30, 2024

The inaugural session on the Space and Blue Economy was also attended by Sushil Kumar Singh, IRSME, Chairperson, MbPA, Rajesh Kumar Sinha, IAS, Additional Secretary, MoPS&W, Govt. of India, Adesh Titarmare, IAS, Deputy Chairperson, MbPA, ADM. Antonio Natale, Italian Navy, Ambassador Antonio Bartoli, Ambassador to India, Ambassador Mario Cospito, Diplomatic Advisor to the Minister of Enterprises, Ambassador Francesco Maria Talo, Senior Adviser to the Minister of Defence and Luca Andreoli, AD Didesa Servizi were present on the occasion.

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DS/AK

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Welcome to CXO incubator, your C suite journey

Future of India Inc., India’s biggest CXO event to be held in Mumbai

Mumbai, 29th November, 2024: India’s biggest CXO event, Future of India Inc., with associate partner Federal Bank, is set to be held at Jio World Convention Centre, Mumbai. CXO Incubator program is designed to fast-track your growth to a CXO position so that you can create the professional and personal life you desire. In this community, you will get insider secrets to becoming the most purpose-driven and influential leader within your organisation. Prominent guests in this event include: Harsh Mariwala, Chairman - Marico Ltd, Founder - Ascent Foundation, Dr. Mickey Mehta - Global Leading Hollistic Health Guru and Spirirtual Life Coach, Khurshed Batliwala - Meditation Teacher and Alternative Healer, Art of Living, Sanjay Muthal - CEO , Argolynx Consulting, Investor &Advisor - Refyne, Hrishi Kannan - National Brand Head - 94.3 Radio One Network, Murali Ramakrishnan - Independent Advisor - RBL, Bain & Co, MArkytics.AI, Smriti Mehra - CEO English& Business News CNBC TV18, CNN News 18, CNBC Awaaz, Bajaar, Gautam Khanna - CEO P.D.Hinduja Hospital & Medical Research Center and Rubeena Singh - MD India - NP Digital.

There are various challenges that can come between you and your dream position. From inherent biases to external influence, success planning is a tumultuous time for a company. CXO incubator helps to turn the tide in your favour. Every change, every growth in you requires a certain mindset– a set of new actions that are different, yet maintaining the core essence of who you are. To help you in this journey, CXO Incubator has been designed and curated specifically to help you in your Leadership journey. You do not lack in knowledge or skills but certainly you need to build your Leadership Mindset. Every step requires preparation, a new set of learnings, and often you are left alone to find your path without any guidance. That’s where a coach can handhold you to find your path.

CXO Incubator steps in to accelerate this transition. It is a space where you Unlearn, Relearn, Discover Yourself and Design your own Leadership Path that is unique to you.

Radhika Balakrishnan, Founder and Director of CXO Incubator, was upbeat in talking about her company. “CXO Incubator is an 18 month online Executive Group Coaching program. Here, I use the learnings from behaviour science, philosophy, psychology to help leaders increase their self awareness, build emotional resilience and find out their Passion, Purpose and Core Values and Design their Road Map to take their Big Leap. The purpose of this initiative is to form a community of leaders who draw strength from each other and continue their learning, growth, giving back and creating an impact.” Dr Mickey Mehta, Global Leading Holistic Health Guru, also had positive views when addressed about CXO incubator. “CXO incubator is a platform to make ready the future leaders of India and is a great platform for working professionals to climb up the corporate ladder. I'm honoured to address the keen learners at Jio World Convention Centre.”

Future of India Inc. is an exclusive event that brings together industry leaders, visionaries and thought leaders, to discuss the evolving role of future CXO’s in shaping the future of corporate India. It will be held on Sunday, December 8, at Jio World Convention Centre, BKC, Mumbai, from 7:30 am to 5:30 pm. 

Padma Shri Suresh Wadkar and Kumarr's "Ae Zindagi Gale Laga Le" to Premiere on My FM from December 1st

In today’s fast-paced life filled with responsibilities, listeners will get a chance to take a breather every Sunday night from 8 PM to 9 PM, starting December 1, 2024, with Padma Shri awardee Suresh Wadkar and Kumarr's soulful radio program, “Ae Zindagi Gale Laga Le,” exclusively on My FM Radio Station. This unique show is designed to transport audiences back to the golden moments of their lives.

The official announcement of this special radio show was made at Ajivasan Hall in Mumbai, where Kumar from Studio Refuel shared the news in the presence of the legendary Suresh Wadkar.

About the Show

Suresh Wadkar, known for his melodious voice and soul-stirring songs, shared his thoughts on the timeless classic “Ae Zindagi Gale Laga Le” from the film Sadma. He spoke about the song’s unparalleled popularity and its creators, lyricist Gulzar and composer Ilaiyaraaja.

Expressing his excitement, Suresh Wadkar said,

"The wait for this radio show is finally over. We are thrilled to announce that the program will be on air from December 1st. I pray to God for its success and want to thank Kumar Ji for creating this show with immense dedication, research, and passion."

The Concept and Theme

Host Kumarr explained the essence of the show:

"Listening to any song by Suresh Wadkar Ji instantly uplifts your mood. The theme of the program is to provide listeners with peace and tranquility. Every Sunday, families can set aside time to relax and rejuvenate with Suresh Ji's soulful voice. His voice is like a soothing balm that brings comfort to millions."

Kumarr also thanked Siddharth from My FM and his team for partnering with the shared goal of bringing moments of peace and calm to millions of listeners through Suresh Wadkar’s mesmerizing voice.

"His voice carries honesty, a rare quality that makes you want to keep listening to him. The show is a heartfelt conversation with Suresh Ji, unplanned and unscripted, where every word is healing."

Program Highlights

The show will feature 8 songs per episode.

Suresh Wadkar will share fascinating anecdotes and lesser-known stories behind each song.

The program is an hour-long “healing experience” where music becomes the ultimate therapy.

It is entirely unscripted, creating an authentic and heartfelt connection between Suresh Ji and the listeners.

Suresh Wadkar said,

"I will share the sweet and bitter experiences of my career and life on this show. It will also feature some delightful stories about the songs that I’ve sung. Radio is the perfect medium for this, as it is widely accessible and deeply personal."

Kumarr hinted at future plans, saying,

"My next project with Suresh Ji will be on television. But this radio show is special because it allows listeners to absorb the energy and healing power in Suresh Ji’s voice. Music is the greatest medicine, and Suresh Ji’s family has been doing an incredible service by teaching music and singing to thousands of people."

A Journey of Healing and Peace

Listeners will not only enjoy the enchanting melodies but also feel a sense of calm and humility after tuning in. With “Ae Zindagi Gale Laga Le,” My FM promises to deliver a unique experience that celebrates music as a source of healing and inner peace.

Make sure to tune in every Sunday at 8 PM on My FM and let Suresh Wadkar's timeless melodies and stories touch your heart and soul.

The biggest release ever! Pushpa 2: The Rule will release in 12,000+ screens across the world!*

The excitement around Pushpa 2: The Rule is certainly at its peak, and the film is all set to leave everyone stunned upon its release. As much as the audience is thrilled, the makers are leaving no stone unturned in bringing the film closer to fans before its release. With each passing day, the film is becoming even grander. It is now set to release on a massive scale, across 12,000+ screens worldwide.

While making this exciting announcement, the makers shared a video of producer Yalamanchili Ravi Shankar from the press meet in Mumbai on their social media and wrote in the caption:

"#Pushpa2TheRule will release in 12,000+ screens across the world 💥💥

The film will have the biggest release ever in IMAX version for an Indian Film 🔥🔥

Audience can enjoy the film in all the 6 languages across the globe using the Cinedubs App.

- Says @Mythriofficial's producer #RaviShankar

Watch #Pushpa2IconicPressMeet live now!

▶️ https://youtube.com/live/ZUZxcroF1gI

#Pushpa2TheRuleOnDec5th"

https://www.instagram.com/reel/DC8--ict5AW/?igsh=dDZrZG02bXhvc2Qw

Slated to release in theatres on December 5th, 2024 Pushpa 2: The Rule is directed by Ace director Sukumar and produced by Mythri Movie Makers in association with Sukumar Writings. Music of the film is on T-Series.

Here's the reason why young sensation Sreeleela was chosen for Pushpa 2: The Rule's special number Kissik!

The Young Sensation Sreeleela has truly created a buzz ever since her sizzling dance number Kissik from Pushpa 2: The Rule was released. From social media to live audiences, the actress is ruling everywhere with her sensational aura and captivating dance moves in the song. She has set a new benchmark with her electrifying performance alongside National Award-winning icon star Allu Arjun. There are many actress who desired to be a part of this iconic song, but Sreeleela is indeed a perfect fit for making this song even more appealing than ever expected. 

While she has proven to be the perfect choice for this fabulous dance number, she also revealed why she was chosen to perform the Kissik song.

Recently during a press meet, Sreeleela revealed, "The song itself will justify my choice. It’s not your typical item song. There’s a strong narrative reason behind it, which will become clear when the movie releases". Moreover, it's interesting to know that Sreeleela learned the steps for the song on the set and shot it the same day. This demonstrates not only her natural talent but also her commitment to delivering the best performance possible, even under tight time constraints.

Sreeleela, who made waves with the popular song Kurchi Madathapetti from Guntur Kaaram starring Mahesh Babu, has returned with yet another epic dance number Kissik in the biggest film of the year, Pushpa 2: The Rule. Since the announcement of her involvement in the song, Sreeleela has been the talk of the town, and she has truly delivered an exceptional performance.

With the release of Kissik from Pushpa 2: The Rule, Sreeleela proves that her dedication, hard work, and undeniable talent are paving the way for a bright future in the industry. She’s certainly a star to watch out for in the coming years.

Mark Your Calendars! ‘Sonic The Hedgehog 3’ Hits Theaters January 3, 2025 Watch the Trailer Now!

Three times the speed, three times the thrills, and three times the fun - get ready to race into a whirlwind of action, humor, and high-speed adventure as Sonic the Hedgehog 3 gears up to hit the big screen! Following the success of its predecessors, this third installment promises to up the ante with a thrilling new chapter in Sonic's saga as Sonic and his friends, Tails and Knuckles, gear up to face their greatest challenge yet! The movie teases the arrival of Shadow the Hedgehog, a fan-favorite character whose mysterious past and intense rivalry with Sonic will set the stage for an epic showdown. Expect jaw-dropping visuals, heart-pounding chases, and the signature wit that has made Sonic a beloved icon!

Paramount Pictures India Trailer link - https://www.youtube.com/watch?v=CyK0bEaNkG8 

The film is led by a stellar cast featuring Jim Carrey, Ben Schwartz, James Marsden, Tika Sumpter, Idris Elba, Keanu Reeves, Krysten Ritter, Lee Majdoub, Natasha Rothwell, Adam Pally, Shemar Moore, Colleen O’Shaughnessey, Alyla Browne and James Wolk.

Directed by Jeff Fowler, the film continues to honor the spirit of the classic Sega games while delivering an experience for viewers of all ages. Sonic the Hedgehog 3 is set to be a rollercoaster ride of speed, friendship, and heroics - get ready to experience action, heart, and high-speed thrills in the most epic chapter yet! 

Produced by Neal H. Moritz, p.g.a., Toby Ascher, p.g.a.,Toru Nakahara, Hitoshi Okuno and Directed by Jeff Fowler, Paramount Pictures Presents this film in association with Sega Sammy Group. 

Mark your calendars for 3rd January 2025 and get ready to speed into Sonic's world once again in English in 4Dx!

Yardley London Relaunches its Talcum Powder range with Kalyani Priyadarshan as the New Brand Ambassador

Mumbai, 25 November 2024: Yardley London, the iconic 254-year-old fragrance and personal care brand, proudly relaunches its signature Perfumed Beauty Talc range. With a sleek, contemporary design, the collection is crafted to appeal to today’s modern, driven women while preserving Yardley’s time-honored legacy of elegance and quality.

Kalyani Priyadarshan, known for her grace in South Indian cinema, is the new face of Yardley’s Talc range. Her natural beauty perfectly complements Yardley's timeless sophistication. In the latest TVC, Kalyani exemplifies the idea of stepping up, showing how the talc enhances her confidence and daily routine. Her charm, strength, and confidence reflect Yardley’s values, inspiring women to embrace individuality and self-expression.

The TVC opens with Kalyani chatting with her friend about a beauty contest as she applies Yardley Talc, highlighting its 97% naturally derived ingredients for a natural glow and long-lasting fragrance. Walking confidently through the venue, she draws admiring glances. A junior manager mistakes her for a contestant, but Kalyani smiles and clarifies she’s just there to watch. Impressed by her poise and beauty, the scene reflects how Yardley helps women step up and showcase their best selves with confidence.

With a new ambassador and an empowering message, Yardley’s Perfumed Beauty Talc now features sleek, modern packaging that reflects its global identity and enduring legacy. Made with 97% naturally derived ingredients, it refreshes the skin with a long-lasting floral fragrance, adding luxury to daily routines. Vegan, cruelty-free, and free from parabens and sulfates, it’s gentle for everyday use. Infused with Yardley’s signature scents, the talc enhances natural beauty while inspiring confidence and style, encouraging users to step up and embrace life’s challenges.

The refreshed Yardley London Beauty Talc range features 8 fragrant variants, including English Lavender, English Rose, Morning Dew, Royal Red Roses, and Imperial Jasmine. Designed to suit different preferences, these talcs naturally absorb sweat, leaving the skin glowing and fragrant all day.

Commenting on the relaunch, Mr. Manish Vyas, Senior Vice President and Business Head of Yardley India and Thailand, said, "Yardley is undergoing a global relaunch with new packaging and improved product performance. In India, we’ve started with talcum powders, soaps, and handwash, with deodorants and perfumes to follow. We remain committed to delivering world-class products, honoring our 254-year legacy while helping today’s women step up as their best selves. With 97% naturally derived ingredients, premium packaging, and a wide range, we’re confident consumers will embrace the new Yardley offerings."

Yardley London invites you to rediscover the elegance of its new Beauty Talc range, now reimagined with nature-inspired ingredients and a lasting floral fragrance. Elevate your daily beauty routine with Yardley’s timeless luxury, available now at leading retailers and online on Yardley London’s official website.

About Wipro Consumer Care and Lighting 

Wipro Consumer Care and Lighting, a part of Wipro Enterprises, is among the fastest-growing FMCG businesses in India and has achieved the remarkable INR 10,000 crore milestone in FY23.  Wipro Consumer Care’s business includes personal wash products, toiletries, facial care products, home care products, electrical wire devices, Domestic and Commercial Lighting, and seating solutions and the foray into Foods business. With 51% of its revenue coming from international businesses, 10,000+ employees, and 52% women employees globally, it has a strong brand presence with significant market share across segments in India and Southeast Asia and a growing presence across Africa and the Middle East. For more information visit www.wiproconsumercare.com 

For media inquiries, please contact:

Ms. Sahifa Mehta 

Global Head, Corporate Communications 

Wipro Enterprises Limited 

sahifa.mehta@wipro.com

Ms. Bristi Mondal

Senior Account Manager 

Burson Genesis India

bristi.mondal@bcw-global.com

Apollo Hospitals Navi Mumbai proudly hosted a Patient Support Meeting for prostate cancer survivors — a heartfelt event filled with connection, celebration and community building

Left to right:

Dr Shrikanth Atluri (Consultant Uro Oncology & Robotic Surgery, AHNM)

Dr Vivek Venkatramani (Consultant Uro Oncology & Robotic Surgery, AHNM)

Dr Kiran Shingote (Unit Head, AHNM)

Mr Arunesh Punetha (Regional CEO- Western Region, Apollo Hospitals)

Dr Ravi Kiran (Director Medical Services, AHNM)

Dr Ashwin Tamhankar (Consultant Uro Oncology & Robotic Surgery, AHNM)

Navi Mumbai, 27 November 2024: Celebrating Strength and Resilience: Prostate Cancer Survivors Unite!Led by our dedicated Uro-oncology and Robotic Surgery team — Dr. Ashwin Tamhankar, Dr. Shrikanth Atluri and Dr. Vivek Venkatramani, the gathering was a testament to hope and healing.

Snapshots from the event highlight the inspiring stories shared, the bonds formed, and the collective commitment to fostering hope and raising awareness.

Together, we continue to set new benchmarks in cancer care and survivorship.

About Apollo Hospitals, Navi Mumbai: JCI accredited, Apollo Hospitals Navi Mumbai is one of the most advanced multi-specialty quaternary care hospitals in the region of Mumbai and Navi Mumbai. The hospital offers comprehensive and integrated super-specialty services under one roof with highly experienced doctors of national and international repute supported by a well-trained team of nurses, technicians, and other support staff. 

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From Parinda to Welcome: 10 Nana Patekar Movies You Need To Watch Ahead of His Film Vanvaas’ Release!

*10 Must-See Films of Nana Patekar Ahead of His Film Vanvaas' Release on December 20!*

Vanvaas is an upcoming emotional family saga. It explores the relationships between a family and an elderly father suffering from dementia. Written, produced, and directed by Anil Sharma, Vanvaas will be released in theaters on December 20, 2024. It will star Utkarsh Sharma, Simratt Kaur and notable actor Nana Patekar in the lead. As we are about to witness another remarkable performance by the legendary actor, let’s look at 10 must-see films of Nana Patekar before Vanvaas. 

*Natsamrat*

In the acclaimed Marathi film, Nana Patekar plays Ganpatrao Apte, a popular theatre actor, who following his retirement, must deal with the agonizing realities of diminishing fame, diminished respect, and isolation.

*Aapla Manus*

Aapla Manus is a family drama with elements of a thriller. Nana Patekar plays a dual role in the film: the elderly Aba Gokhale and Senior Inspector Maruti Nagargoje. 

*⁠Khamoshi*

 Directed by Sanjay Leela Bhansali, Khamoshi: The Musical tells the story of Annie, the daughter of a deaf-mute couple. Nana Patekar plays Joseph, Annie's father and his character is deeply emotional and protective of his family, 

*⁠Kranti Veer*

Krantiveer is a social-action drama centered on Nana Patekar's character, Pratap Narayan Tilak, a rebellious and carefree man who, after seeing the injustices, communal strife, and corruption that permeate society, becomes a fierce defender of justice.

*⁠Parinda*

Parinda is a crime drama that stars Nana Patekar as Anna, a psychopathic gangster, and the film's primary antagonist. His character is driven by paranoia and a relentless thirst for control. 

*Ghulam-E-Mustafa*

In the film, Nana Patekar plays Mustafa, a loyal henchman of a powerful underworld don, who is deeply devoted to his values despite being involved in criminal activities. Mustafa’s life takes a transformative turn when he falls in love with Kavita (Raveena Tandon).

*Agni Sakshi*

Agni Sakshi revolves around the story of Suraj (Jackie Shroff) and Shivangi (Manisha Koirala), a happily married couple whose life takes a dark turn when Vishwanath (Nana Patekar), Shivangi's estranged husband, re-enters her life.

*Tiranga*

Nana Patekar plays Inspector Shivajirao Wagle, a tough, no-nonsense cop with a sharp mind in this patriotic-action drama,

*Prahar: The Final Attack*

Prahaar: The Final Attack, directed by and starring Nana Patekar, follows his character Major Pratap Chauhan, a highly skilled soldier in the Indian Army. His life changes when he witnesses the apathy and inaction of civilians in the face of corruption and crime.

*Ab Tak Chhappan*

In Ab Tak Chhappan, Nana Patekar played Inspector Sadhu Agashe from the Mumbai Encounter Squad famous for having killed 56 people in police encounters. He brought his intensity and sheer seriousness in this role and truly delivered a top notch performance.

Streambox Media Disrupts Home Entertainment with the Launch of Dor - India’s First Subscription TV Service

• Solving content discovery challenges with Single Sign-On, Single Subscription, and a Unified Interface for 24+ Apps and 300+ Channels

• Partners include premium OTTs like Prime Video, Jio Cinema, Disney Hotstar along with Zee 5, Sony Liv, Youtube, Discovery+, Sun Nxt, Aha, Hoichoi, Lionsgate Play, Manorama MAX, Travel XP, Shemaroo, Fancode, Nammaflix, Dangal Play, Dollywood Play, Hungama, Stage, VR OTT, Distro TV, Chaupal, Playflix, ETV Win, Raj TV and more. 

National, 26th November 2024: Streambox Media, a strategic media-tech venture founded by Anuj Gandhi and backed by Micromax Informatics, along with Nikhil Kamath and Stride Ventures, proudly unveils Dor — India’s First Subscription-based Television Service. Focusing on technological innovation and seamless user experience, Dor is set to transform how Indian households access and enjoy entertainment at home and on the move. This one-of-its-kind product-as-a-service model is set to go live in India through Flipkart on December 1st, 2024, subsequently opening to other platforms and the offline distribution ecosystem.

This groundbreaking subscription service integrates a high-performance 4K QLED TV with SVOD OTT streaming platforms, AVOD platforms, Live channels, Gaming, News and more into a single, affordable monthly subscription plan. Powered by India’s indigenously designed and developed, Dor TV OS, the subscription platform ensures an intuitive and unified viewing experience for consumers, eliminating fragmented navigation across multiple devices or apps

Rahul Sharma, Co-Founder of Micromax Informatics, also shared his thoughts: "The home entertainment landscape is witnessing a tectonic shift with the rise of subscription and leasing models. Younger audiences, Gen Y and Zoomers, prefer renting over owning, prioritizing flexibility and value. With Dor, we are introducing a market disruptor that meets these evolving consumer preferences. Leveraging India’s indigenously designed and developed  Dor OS, this TV Subscription Service captures what a future-ready technology can achieve across Global Markets. We strongly believe Dor is poised to be a game-changer in the Indian entertainment ecosystem, offering a unified service to address affordability and innovation for our customers."

Anuj Gandhi, Founder and CEO of Streambox Media, expressed his enthusiasm about the launch: "The Indian connected TV ecosystem is rapidly evolving, with the number of connected TV households expected to grow from 50 million to 100 million within the next five years. However, fragmented services and high upfront costs continue to deter a large segment of potential users. Dor bridges this gap by integrating cutting-edge AI technology, multiple content platforms, and the proprietary Dor OS with its hyper-personalization and intuitive content discovery into a subscription-based model. As a first-of-its-kind TV-as-a-service model in India, Dor positions itself as a future-ready innovation, offering unmatched value to an addressable market with immense growth potential. We strongly believe that Dor has the potential to become a must-have for consumers in times to come, and that's why we offer a 4-year warranty along with security and software upgrades. We are here to make a real difference.”

A  Future-Ready  Subscription  Model                                                                                  

Dor TV’s unique subscription model offers consumers a flexible and cost-effective way to access high-quality entertainment. The upfront cost of ₹10,799 includes the activation fee and one month of subscription service. The customers can enjoy a comprehensive package that combines hardware, content, and continuous software updates. Beyond the first month, the subscription fee for the TV will be ₹799 per month till the end of the 12-month subscription period. Post this, one can opt for customized packages based on their viewing preferences. The television comes with a four-year warranty and product upgrade options, allowing the consumer to freely enjoy their content at their convenience.

Unmatched  Viewing  Experience

Dor’s first offering, the 43-inch QLED TV offers 4K Ultra HD resolution - delivering sharp, lifelike visuals, Dolby Audio - for an immersive sound experience and comes with a Solar-Powered Remote control and  a Companion App. The integrated Dor OS consolidates 24+ OTT apps alongside 300+ channels under a Single Sign-On & a Single Subscription, ensuring a seamless entertainment experience. This unified experience is further enhanced by Dor’s AI-powered search and discovery capabilities and intuitive navigation built on extensive knowledge graphs.

Availability

The 43-inch Dor subscription TV will be available through Flipkart starting 1st December 2024, priced at ₹799 per month and with an upfront activation fee of ₹10,799(which includes one month’s subscription fee). The 55-inch and 65-inch variants are slated for launch in early 2025, expanding the offering for Indian consumers.

About Streambox Media:          

Streambox Media, founded by Anuj Gandhi and backed by Micromax Informatics, Nikhil Kamath & Stride Ventures, is a Media-Tech company redefining India's Connected Screens & Streaming landscape. Positioned at the cutting edge of Media-Tech innovation, the company offers a unique subscription service that integrates world-class TV technology with a comprehensive OTT content suite—all powered by India’s indigenous  Dor OS for Smart TVs. With its pioneering Single Subscription & Single Sign-On experience, Streambox Media simplifies how audiences discover and experience entertainment, setting a new standard for intuitive, user-centric viewing. It’s more than just a service; it’s a bold vision for the future.   

For more information: www.dorworld.in

Celebrating Complex Family Bonds: Boman Irani’s Directorial Debut The Mehta Boys Shines at its Asia Premiere at the 55th International Film Festival of India (IFFI), Goa*

An Irani Movietone LLP and Chalkboard Entertainment LLP production, The Mehta Boys marks the directorial debut of Boman Irani who has co-written the film with Alex Dinelaris and has also produced the film alongside Vikesh Bhutani, Shujaat Saudagar, and Danesh Irani 

The film boasts a stellar cast, featuring Boman Irani, Avinash Tiwary, Shreya Chaudhry and Puja Sarup and will premiere soon on Prime Video in India and 240+ countries and territories

 *Goa, India – November 26, 2024 – Prime Video’s* award-winning original movie The Mehta Boys received an outpouring of praise at its highly anticipated Asia premiere at the 55th International Film Festival of India (IFFI), today. The film captivated and deeply resonated with audiences through its authentic, and compelling portrayal of a father-son relationship. The Mehta Boys, is a Irani Movietone LLP and Chalkboard Entertainment LLP production and marks Boman Irani’s directorial debut, showcasing his signature blend of emotional depth and nuanced storytelling. Featuring Boman Irani himself alongside an exceptional cast including Avinash Tiwary, Shreya Chaudhry and Puja Sarup, the film is produced by Boman Irani, Danesh Irani, Vikesh Bhutani, and Shujaat Saudagar and written by Boman Irani along with Alexander Dinelaris Jr. The Mehta Boys will premiere soon on Prime Video in 240+ countries and territories.

The Mehta Boys explores the nuanced bond between a father and son as they navigate generational gaps, contrasting perspectives, and shifting ideas of masculinity. Through a two-day journey, the film captures the tension and affection within this complex relationship, highlighting the universal nature of family dynamics while challenging traditional views of being ‘the man of the house’ in today’s world.

“The first time we heard the story of The Mehta Boys, what struck us were the universal themes of family and identity. The story beautifully treats the conflict between a father and son and narrates it in a manner that is universally relatable,” said Nikhil Madhok, head of originals, Prime Video India. “Boman Irani is an incredible storyteller, and with The Mehta Boys, Boman and Alexander Dinelaris Jr have woven a powerful and heartwarming narrative and the performances of our wonderful actors – Avinash, Shreya, Puja and Boman himself, have added depth to the movie. It gives us great pride to be a part of the Gala Premiere showcase at IFFI, and are grateful for the love the audience has given to the film. At Prime Video, we have always believed that the best stories are the ones’ that venture into the complexities of human relationships and The Mehta Boys is a sublime example of that. It at its heart is simple yet effective storytelling done well”

Speaking at the premiere, Boman Irani expressed his enthusiasm for showcasing the film at IFFI, “The Mehta Boys is a movie that everyone will relate to- whether you’re a father, mother, son, daughter, sister or brother. It’s an emotional movie with a lot of depth. This is an incredible moment for me and the entire team of The Mehta Boys and we are absolutely thrilled to be at the 55th IFFI for the Asia premiere of our movie, which is also my directorial debut. We are grateful for the love and appreciation we have received from the audiences at IFFI.”

The gala premiere was attended by the film’s cast, including actor, writer, director, and producer Boman Irani, along with co-writer Alexander Dinelaris Jr, actors Avinash Tiwary, Shreya Chaudhry and Puja Sarup, Nikhil Madhok, Head of Originals, Prime Video India, producers Danesh Irani and Vikesh Bhutani. They were joined by Ms. Vrunda Manohar Desai, Joint Secretary (Films), Ministry of Information and Broadcasting and Smt. Delilah Lobo - Vice Chairperson, Entertainment Society of Goa (ESG). The team was also felicitated by Mr. Ajay Dhoke, General Manager, National Film Development Corporation.

Earlier this year, The Mehta Boys had its world premiere at the prestigious Chicago South Asian Film Festival where it won the Best Feature Film Award. It was later showcased at the International Film Festival of South Asia in Toronto, where actor Boman Irani won the Best Actor award for his powerful performance.  The Mehta Boys is slated to premiere on Prime Video soon, reaching audiences across 240 countries and territories worldwide.

She has arrived: the new sensational dancing queen of India, Sreeleela, mesmerizes everyone with her stunning moves in Pushpa 2: The Rule's new song Kissik!

The much-awaited song Kissik from Pushpa 2: The Rule, featuring  Sreeleela, is finally out, and the actress looks absolutely sensational. While she sets the stage on fire with her electrifying moves in the song, her entry at the song launch event was nothing short of a spectacle. Looking stunningly glamorous, Sreeleela undoubtedly raised the glamour quotient at the event.

India’s dancing queen, Sreeleela, emerged as the biggest highlight of the Kissik song launch event in Chennai. While her bold and sensational performance in the song left everyone speechless, her arrival at the event turned heads and stole the spotlight.

The actress, who made waves with the popular song Kurchi Madathapetti from Guntur Kaaram starring Mahesh Babu, has returned with yet another epic dance number in the biggest film of the year, Pushpa 2: The Rule. Since the announcement of her involvement in the song, Sreeleela has been the talk of the town, and she has truly delivered an exceptional performance, making a buzz all over.

https://www.instagram.com/reel/DCwqjNaSJE3/?igsh=azc3OHVhbmRudzZk

ANMI unveils StockTech Survey 2024-25 83.6% Stockbrokers plan to Increase IT Budgets to leverage Emerging Technologies

● Survey reveals 83.6% of stockbrokers plan increased IT budgets, with 41.8% targeting a 20% rise.

● AI, algorithmic trading, and blockchain top the list of technological priorities

● StockTech 2024-25, themed around “Safety, Simplicity, and Scalability,” brought together leading fintech players and brokers.

Mumbai, November 22, 2024: The Association of National Exchanges Members of India Western region (ANMI WIRC), India’s largest pan-India body of over  900 exchange brokers and members, today launched its StockTech Survey 2024-25, highlighting the latest trends and challenges in the stockbroking sector. The findings were unveiled at the flagship StockTech 2024-25 event held at NESCO, Mumbai.

The survey reveals that a staggering 83.6% of stockbrokers plan to increase their IT budgets in 2024-25, with 41.8% targeting a 20% rise. The focus remains on deploying cutting-edge technologies such as Artificial Intelligence (AI), algorithmic trading, and blockchain to enhance efficiency, scalability, and customer experience.

Survey Highlights

● Investing in Technology:

○ 34.3% prioritize AI and ML to drive predictive analytics and personalized trading strategies.

○ 32.9% focus on algorithmic trading, emphasizing precision and automation.

○ 7.1% embrace blockchain for secure and transparent operations.

● Digital Transformation:

○ Over 60% of stockbrokers have digitized more than 50% of their business processes, reflecting a strong push toward operational modernization.

● Safety and Simplicity:

○ 84.8% of respondents cited safety as a critical priority, underscoring the need for robust risk management and cybersecurity strategies.

○ 90.9% value simplicity, emphasizing user-friendly platforms to foster retail investor participation.

Shri V S Sundaresan, Executive Director, SEBI said  : “The StockTech Survey 2024-25 underscores the transformative potential of technology in India’s capital markets. As stockbrokers increasingly prioritize investments in AI, blockchain, and algorithmic trading, SEBI remains committed to fostering an environment of innovation, transparency, and investor protection. By embracing emerging technologies alongside robust risk management frameworks, the industry can achieve sustainable growth while safeguarding the interests of market participants.”

Mr. Harin Mehta, Chairman,ANMI said: "The StockTech Survey 2024-25 offers a deep dive into the technological evolution of India’s stockbroking industry. With growing investments in AI, automation, and security, the industry is poised to deliver enhanced resilience and inclusivity. ANMI’s commitment remains steadfast in equipping the sector with the roadmap for sustainable growth in an increasingly digital world."

The StockTech 2024-25 event, themed “Safety, Simplicity, and Scalability,” brought together leading fintech exhibitors, brokers, and industry thought leaders. Attendees explored cutting-edge technologies designed to address the dynamic needs of India’s capital markets.

About ANMI

The Association of National Exchanges Members of India (ANMI) represents trading members of India’s leading exchanges, including NSE, BSE, MCX and NCDEX. Dedicated to fostering ethical practices and skill development, ANMI acts as a bridge between brokers, regulators, and stakeholders to promote sustainable growth in capital markets.

For Media Queries, Contact:

PROSE Integrated

Palak : +91 77388 91134

Samson : +91 91369 30803

Email :  anmi@proseintegrated.com

 

Sugar.Fit Launches ‘Live Again Series’ With Sachin Tendulkar, Bringing To You Untold Stories Of Some Unbelievable Comebacks

• Watch All Episodes – https://www.sugarfit.com/

• The ‘Live Again Series’ is now streaming on https://www.sugarfit.com/ and Sugar.fit’s YouTube Channel.

Bengaluru, 19th November 2024 — Sugar.fit, a health-tech startup dedicated to managing and reversing Type 2 Diabetes and Pre-diabetes, launched their new brand campaign, ‘Live Again Series – The Comeback Stories’ with the legendary cricketer Sachin Tendulkar. Hosted by the renowned sports commentator Joy Bhattacharya, this series lets viewers go through the journey of Tendulkar’s most iconic comebacks with some untold anecdotes from Sharjah 1998, Sydney 2004, his tryst with Tennis Elbow and his journey into cricket while drawing inspiration from real stories of resilience and victory over diabetes by Sugar.fit users.

The ‘Live Again’ brand campaign underscores Sugar.fit’s mission of helping individuals regain control of their lives, celebrating resilience, transformation, and triumph. Through this initiative, Sugar.fit aspires to inspire a broader audience to take action against diabetes, a silent pandemic making India the diabetes capital of the world.  

The ‘Live Again Series’ features inspiring tales of individuals who overcame health challenges to make extraordinary comebacks. Real-life stories from Sugar.fit users who reversed Type 2 diabetes through the platform’s comprehensive program demonstrate how targeted interventions, lifestyle modifications, and resilience can rewrite the narrative of living with diabetes.  

Madan Somasundaram and Shivtosh Kumar, Co-founders of Sugar.fit say, “This series represents our core values—resilience, transformation, and empowerment. India’s battle with diabetes is reaching a tipping point, and we believe that every comeback story has the potential to inspire millions facing similar health challenges. Sachin’s journey is a powerful parallel to the stories of our users who have reversed diabetes with Sugar.fit’s comprehensive program. Partnering with him allows us to amplify this message of empowerment, as he embodies perseverance and victory over setbacks.”

Viewers can look forward to engaging episodes that explore Sachin’s untold stories, including his legendary comebacks, while diving into the experiences of Sugar.fit users who have overcome the challenges of Type 2 diabetes. Each episode offers a blend of real insights on resilience, determination and results of a strong mindset.

The ‘Live Again’ campaign signifies a broader vision for Sugar.fit to redefine diabetes management through innovative technology, continuous glucose monitoring, and personalized care. With Sachin Tendulkar as Brand Ambassador and Strategic Investor, Sugar.fit continues to establish itself as a leader in digital health solutions, empowering users to achieve sustainable health outcomes.

About Sugar.fit

Sugar.Fit is an innovative Health-tech startup that seeks to manage and reverse Type 2 diabetes through a highly consumer-centric data-driven digital health experience. Backed by Mass Mutual Ventures, Cure.Fit, Endiya Partners, Tanglin Venture Partners and B Capital, Sugar.Fit uses continuous glucose monitoring technology (CGM), which helps users see real-time impact of various food and lifestyle activities on blood sugar levels of people with diabetes to optimize metabolic health.  

Sugar.fit’s comprehensive program further combines medical experts with deep technology, including coaching, personalized analytics, and integrated devices and testing. Sugar.fit’s founding team includes Madan Somasundaram and Shivtosh Kumar and the core founding team comes with vast experience in building and scaling products at Walmart Labs, Cure.Fit, Dailyhunt, Flipkart, Myntra, Samsung etc.  

For more information on Sugar.fit, visit: https://www.sugarfit.com/  

Media Contact:  

 

Pratvii Ponnappa, Weber Shandwick | M: 9886321381  

E: PPonnappa@webershandwick.com

Hamsa Yogitashri, Weber Shandwick | M: 9686410006  

E: HYogitashri@webershandwick.com

After the Massive Success of Kanguva, Makers Unveil New Song “Maafi” Featuring Suriya

The makers of Kanguva have unveiled a new song titled “Maafi” from the highly anticipated film, which is rapidly gaining attention for its theatrical success. The film has recorded a whopping box office collection of  gross total, 127.64 crores worldwide. Directed by Siva, Kanguva has not only captured the imagination of audiences with its stunning visuals but also resonated deeply with fans due to its heartwarming portrayal of the bond between Surya (played by Suriya) and a young child.

The song "Maafi" beautifully encapsulates the emotional core of the movie, which revolves around Suriya’s character navigating the trials and tribulations of life in the mesmerizing world of Kanguva set in the year 1070. This emotional track brings to the forefront the tenderness and love between the protagonist and the little one, a relationship that forms the backbone of the entire film. 

The makers have shared the link on all social media platforms, In the silence of forgiveness, love whispers its gentle song 🌼Here is the #Maafi video song ▶️ https://youtu.be/DQh9iqFaodg

The film’s breathtaking visuals transport viewers to the fantastical world of Kanguva, an ancient era filled with rich cultures and grand landscapes. The music, composed by D. Imman, complements the epic storytelling, and “Maafi” is no exception, with its haunting melody and poignant lyrics adding another layer to the narrative.

‘Kanguva’ is the biggest and most expensive film of this year which was released on November 14, 2024 also starring Disha Patani and Bobby Deol. With an estimated budget of over 350 crore, it's bigger than the likes of Pushpa, Singham, and several other big films. Moreover, the film has been shot across seven different countries on various continents of India. The makers had a very specific look in mind, as this is a very unique film showing the prehistoric period. The makers hired experts from Hollywood for the technical departments like action and cinematography. The film has one of the biggest war sequences, featuring over 10,000 people. Studio Green has signed up with top distribution houses to release the film on a massive scale across the globe.

Organ Donation By Family Of Brain Dead Man Gives New Life To 2 Persons In Mumbai

Navi Mumbai, 18 November 2024: Mr Nair, 65-year-old resident of Panvel was rushed to a local hospital after collapsing at his home. Medical investigations revealed that the patient had suffered a haemorrhagic stroke or brain bleed. The medical team at this local hospital informed the family that they could not do anything to improve the condition of the patient. The distraught family was not willing to accept the situation and decided to shift the patient to Apollo Hospitals Navi Mumbai (AHNM) where advance care facilities were available. 

Medical investigations at AHNM revealed that the patient was extremely critical & injury to the brain was significant. As no progress was seen in the condition of the patient, the medical team at Apollo Hospitals counselled the family with available options which included shifting the patient to another hospital to provide supportive care as well the option to support the cause of organ donation. 

Mr Nair’s son said, “As a family we were not ready to accept our father’s condition, we were prepared to do everything that was possible to make him live & be with us. Infact, we were ok even if he stayed in a comatose state with us. However, it began taking an emotional toll on us & we started to dwell on the possibility of donating my father’s organs & that we would be saving the lives of people. Most importantly, our father could continue living through others and this decision brought much comfort to our family. All our family members supported our decision of organ donation & we gave our consent to the Apollo team. Today I feel, just as seniors make their will or even their funeral preparations, one should also consider registering to be an organ donor before their death”

Organ donation is the need of the hour. As of 2022, an estimated 1.5-2 lakh people need a kidney transplant each year, but only around 10,000 people received a kidney transplant. Additionally, less than 3,000 liver transplants and only 250 heart transplants were performed in 2022, despite 80,000 people requiring a liver transplant and 10,000 needing a heart transplant. Building awareness & encouraging people to become organ donors is crucial to those suffering from end stage disease of organs like kidney, liver & heart. 

Dr Bharat Shah, General Secretary ZTCC, Mumbai said, “Organ donation is often the only way a life can be saved when suffering from end stage organ disease and for the donor & his/her family, it is a lasting consolation that even though their loved one has died, one or more persons can live on through their gift of life. India lags far behind Western nations in organ donation with a donation rate of only 0.65 per million population. Examples of organ donation like Mr Nair’s family will help to create more awareness for this noble cause. 

No cadaver transplant programme can be successful unless there is time bound co-ordination amongst the hospitals and the society at large and I would like to acknowledge the efforts of Apollo Hospitals Navi Mumbai for their successful transplant program” 

Mr Arunesh Punetha, Regional CEO Western Region, Apollo Hospitals said, “We are grateful to the family of Mr Nair for supporting the noble cause of organ donation which has resulted in a new lease of life for 2 patients – a 59 yrs female at Fortis Hospital, Mumbai & a 55 yrs male at Nanavati Max Hospital, Mumbai. Apollo Hospitals Navi Mumbai has a robust transplant program having performed more than 650 transplant procedures of kidney, liver, heart as well as bone marrow transplants. While our transplant clinicians are crucial to the transplant program, our emergency medicine, pulmonologists, intensivists, anaesthesiologists, nursing teams and rehab therapists play a critical role in supporting the program” 

For further information contact:- Rajesh Dabhade 9594061617, Adfcators PR

SBI Empowers Rural Youth Entrepreneurs through Jagriti Yatra 2024 to Drive India’s Vision of a ‘Viksit Bharat’

Supporting a transformative 8,000-km entrepreneurial journey to inspire 500 young aspirants across Tier 2 and Tier 3 regions

Mumbai, November 17, 2024: State Bank of India, the country’s largest bank has partnered with Jagriti Yatra 2024, supporting an inspiring 8,000-km, 15-day entrepreneurial journey across India’s Tier 2 and Tier 3 regions. Through this partnership, SBI is helping create opportunities for 500 young aspirants to explore entrepreneurial avenues, receive expert mentorship, and engage in practical, hands-on learning. By fostering the growth of young entrepreneurs, SBI aims to advance the vision of a 'Viksit Bharat' by 2047, ensuring that aspiring innovators have the skills and resources necessary to drive sustainable economic development and contribute to a self-reliant India.

In a continued effort to encourage entrepreneurship across the nation, State Bank of India has been empowering every Indian with training and financial assistance. The bank has established 152 Rural Self Employment Training Institutes (RSETIs), focusing on skill development and training rural youth to help them build their own micro-enterprises. These institutes have successfully trained over 11.5 lakh candidates, with 74% of them establishing self-employment opportunities. Additionally, with a SHG loan portfolio exceeding ₹50,000 crores, SBI is a market leader in the Self-Help Group (SHG) loan segment, providing financial support to more than 1 crore women members. Beyond SHGs, the bank has disbursed over ₹49,000 crore Mudra loans and approximately ₹1,550 crore PM SVANidhi loans during FY24, reinforcing its role in enabling sustainable entrepreneurship and economic empowerment across India.

Reflecting on the partnership, Shri Rana Ashutosh Kumar Singh, MD, SBI, said, “At SBI, we believe that entrepreneurship is the cornerstone of a self-reliant and progressive India. As we work towards the vision of a Viksit Bharat by 2047, it is essential to empower young entrepreneurs with the skills, resources, and opportunities they need to drive innovation and growth across the nation. Our association with Jagriti Yatra underscores our commitment to fostering a new generation of entrepreneurs who will play a pivotal role in shaping India's future. By supporting initiatives like Jagriti Yatra, we aim to contribute to a thriving entrepreneurial ecosystem that drives sustainable development and prosperity for all.”

About State Bank of India 

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also one of the largest mortgage lender in the country which has so far fulfilled the home buying dreams of around 30 lakh Indian families. The home loan portfolio of the bank has crossed Rs. 7.64 lakh crore. As of September 2024, the bank has a deposit base of over Rs. 51.17 lakh crore with CASA ratio of 40.03% and advances of more than Rs. 39.20 lakh crore. Ranked as the 4th most trustworthy bank in the world by Newsweek, SBI commands a market share of 27% and 19.2% in home loans and auto loans respectively. SBI has the largest network of 22,640+ branches and 63,000+ ATMs / ADWMs in India with close to 80,300 BC outlets. The number of customers using internet banking and mobile banking stand at 132 million and 287 million respectively. With SBI’s digital strategy right on track – the bank witnessed 61% of new savings accounts being opened through the integrated digital and lifestyle platform YONO in Q2FY25. YONO, which has more than 8.1 crore registered users, witnessed 37 lakh new YONO registrations in Q2FY25. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 1,253 crores through YONO during Q2FY25. SBI also has the highest number of followers on Facebook and X amongst all banks worldwide.

REC Limited receives Adam Smith Awards ASIA 2024 for Best Funding Solution

Singapore – REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been honored with the Adam Smith Awards ASIA 2024 in the “Best Funding Solution” category.

 

The award was presented at a ceremony held in Singapore by Ms. Sophie Jackson, Joint Publisher at Treasury Today Group.  Sh. Hemant Kumar, Chief Compliance Officer, and Sh. Koshal Puri, Sr. General Manager (Finance) received the award on behalf of REC. 

 

The Adam Smith Awards ASIA is regarded as a benchmark in Corporate Treasury and acknowledges organizations that exemplify innovation, efficiency, and strategic expertise in financial management. The award highlights REC Limited’s commitment to implementing forward-thinking funding solutions that align with India’s sustainable development goals.

 

As a key enabler of India’s energy sector, REC continues to support the nation’s growth trajectory by providing financial assistance for vital projects in generation, transmission, and distribution.

 

About REC LIMITED

 

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

 

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The loan book of REC stands at ₹5.46 lakh crore and Net Worth at Rs. ₹72,893 crores as on 30^th September, 2024.