Jan 6, 2024 | Uncategorized
CoverYou, as one of India’s most trusted, fastest-growing, leading providers of comprehensive insurance solutions, a licensed insurance broker authorized by the IRDAI today has entered into a partnership with Indian Dental Association (IDA), an independent and recognized voice of dental professionals in India.
As a testament to CoverYou’s commitment to providing unparalleled insurance services, this collaboration aims to cater to the specific needs of the dental community. The partnership allows IDA members to access a wide range of insurance products designed to safeguard their professional and personal well-being.
Key Highlights of the Partnership:
Professional Indemnity Insurance: CoverYou will offer tailor-made professional indemnity insurance solutions, addressing the unique risks faced by dental professionals in their practice.
Health Insurance: Comprehensive health insurance plans will be available, ensuring IDA members and their families receive top-notch healthcare coverage and financial protection.
Motor Insurance: CoverYou’s extensive range of motor insurance products will provide IDA members with options that align with their preferences and needs.
Commenting on the occasion, Mr. Deepanker Mahajan, Co-Founder & CEO, CoverYou said, “We are delighted to join forces with the Indian Dental Association, an esteemed organization dedicated to the advancement of dental professionals. This partnership underscores our commitment to delivering top-notch insurance solutions that cater to the unique needs of the dental community. We look forward to a mutually beneficial relationship, ensuring the peace of mind and security of Indian Dental Association’s members.”
Dr. Ashok Dhoble, Hon. Secretary General, Indian Dental Association, shared their enthusiasm and said, “The collaboration with CoverYou is a significant step in ensuring our members receive comprehensive insurance coverage. This strategic partnership aligns with our commitment to creating awareness as well as supporting the well-being of dental professionals, allowing them to focus on providing optimal oral health for all.“
Jan 5, 2024 | Uncategorized
Adani Gangavaram Port the deepest and the most modern port in the country as a part of their CSR program inaugurated several community infrastructure projects in the nearby villages. The initiatives include a sports ground facility at Dibbapalem Village and an Open Air Gym & Childrens park at Gangavaram Villages. The facilities were inaugurated by Shri Nagireddy Tippala, Member of the Legislative Assembly from Gajukawa constituency along with Mr. BG Gandhi, CEO, Adani Gangavaram Port & Mr. Anil Balakrishna, Adani Foundation. A cultural program was organized by the students of Adani Evening Education centers to welcome the guests.
Speaking on the occasion, Shri Nagireddy Tippala, MLA from Gajukawa constituency, Andhra Pradesh mentioned that the initiatives and the infrastructure being created by the Adani Foundation & the port under their CSR scheme are commendable. He expressed hope that the community engagement by the Adani Gangavaram Port continues to benefit the students and the villages.
Speaking on the occasion Adani Gangavaram Port Limited management said” These initiatives are progressive steps undertaken by Adani Gangavaram Port as part of the community infrastructure and welfare education initiative. The port has created infrastructure at schools over the past year and established a Computer center at ZPHS, Gangavaram. Adani group believes in empowering the younger generation with education, skills, and create a healthy environment for overall growth for long term benefit to the society.”
Jan 5, 2024 | Uncategorized
The Changemaker Awards, hosted by Bharti Foundation recently, brought together corporates and individuals who have undertaken initiatives and/or are working on projects focused on creating a better world for the current and future generations. Mr. Rakesh Bharti Mittal, Co-Chairman at Bharti Foundation (Vice Chairman, Bharti Enterprises), Ms. Mamta Saikia, CEO at Bharti Foundation, Lt. Col. Vijay Chadda, Member of the Governing Board of Bharti Foundation, Mr. Akhil Gupta, Vice-Chairman at Bharti Enterprises, leaders from Bharti Group Companies and partner organisations, along with supporters and volunteers of the Foundation graced the occasion.
This year, the awards received 85 nominations under 6 award categories ranging from Employee Engagement for Bharti Group Companies, Social Initiatives – National & International to Individual Philanthropy – National & International. The nominations boast of positive impact made on society through strategic, innovative, and sustainable practices in various sectors – education, environment, healthcare to livelihood, sports, etc. This year’s winners include:
Individual Philanthropy National:
- Popat Chandu Rasal from Sterlite Technologies Limited planted more than 20,000 indigenous trees in Aurangabad, Maharashtra in 2022-23 alone
- Sathyanarayana K from HP Inc. has been volunteering for hunger mitigation in children and enabling better infrastructure in Government Schools in Bangalore, Karnataka.
- Another winner from HP Inc., Arundhati Bhattacharya, volunteered for IAHV (International Association for Human Values), positively impacting 200+ women through mental well-being classes and counselling sessions.
- Sudarshan Bengani from Airtel Payments Bank Limited for his regular contribution towards community services such as blood donation, supporting bird hospitals, food donation and supporting children from slums.
- Poornima Kapoor from Bharti Airtel Limited won Special Jury award in the for supporting students from economically challenged background with limited access to quality education, career opportunities and guidance.
Social Initiative National:
- Sumitomo Mitsui Banking Corporation for their project Medical PODS, conceptualised for regions where health infrastructure is in deficit.
- Signify Innovations India Limited’s project, ‘Khel Jyoti,’ encourages sports in rural areas by providing safe and well-lit spaces for children.
- Avaya India Pvt. Ltd. for their initiative ‘Road to Career,’ providing skill-building opportunities and increasing employability of marginalized youth and adolescents.
- Indus Towers’ ‘innovative project, ‘Digital Transformation Van’ under their flagship CSR program ‘Saksham’, has brought digital literacy on wheels to isolated and disadvantaged groups in rural and urban parts of India.
- ECI Telecom India Pvt. Ltd.’s initiative ‘Right to Education for Every Child’ supports capacity building of school run by a grassroot NGO, benefitting more than 2,000 underprivileged students.
- Ericsson India Pvt. Ltd. won Special Jury Award in the category for its initiative, ‘Ericsson’s Centre of Excellence,’ that addresses skill gaps in Telecom Industry through training students on 5G and emerging technologies along with ensuring their job placements.
Employee Engagement Award (recognising efforts of Bharti Group Companies towards volunteering and payroll giving towards supporting education for underprivileged children from rural parts of the country):
- Bharti Realty engaged 100% employees through payroll giving for the noble cause for more than 3 years in a row.
- Del Monte Foods continuously engaged with Bharti Foundation and encouraged more than 80% its employees.
- 60% employees from Beetel Teletech Ltd. participated in payroll giving program.
Individual Philanthropy International: Harifidy Rakotobe (Airtel Madagascar S.A.), Michael Opwonyo (Airtel Uganda Ltd.) and Anne Njeri (Airtel Kenya Networks Limited)
Besides, Airtel Nigeria, Airtel Kenya Networks Limited, Airtel Tanzania Limited, Airtel Networks Zambia PLC and employees from various Airtel circles in India received the award for their exemplary contribution towards Sustainable Development Goals.
Ms. Mamta Saikia, CEO of Bharti Foundation, expressed her thoughts the Changemaker Awards, stating, “At Bharti Foundation, we believe in the power of transformative practices that are sustainable. Changemaker Awards stand as a testimony of the collective efforts of individuals and corporates in creating a positive impact on society through their exemplary work. Their commitment towards corporate social responsibility serves as an inspiration for others in various industries.”
Established in 2008, the Changemaker Awards extend acknowledgment to the commendable efforts of individuals at national and international level besides corporates towards Sustainable Development Goals. The award provides a common platform for applicants to showcase their work in community transformation, environmental initiatives and volunteering programs, thereby making a meaningful difference in the society.
Jan 5, 2024 | Uncategorized
Gems & jewellery industry belongs to Mumbai as Mumbai accounts for 72% of the annual USD 37 bn of exports, proclaimed Dr. Devendra Fadnavis, Hon. Dy. Chief Minister of Maharashtra, while inaugurating the largest-ever IIJS Signature & IGJME 2024 twin Exhibitions organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO Goregaon.
For the first time ever, the New Year’s first top-of-the-line design centric jewellery trade show IIJS Signature (India International Jewellery Show Signature) along with the India Gem & Jewellery Machinery Expo (IGJME) is being held at two venues in Mumbai: Bombay Exhibition Centre, NESCO, Goregaon (5-8 January)and JIO World Convention Centre, BKC (4-7 January).
Dr. Devendra Fadnavis was accompanied by Shri Uday Samant, Hon. Minister of Industries, Govt. of Maharashtra at the inauguration ceremony in the presence of Ms. Reshma Lakhani, Director General, DGEP; Mr. Paul Rowley, Executive Vice President, De Beers; Shri Sunil Nayak, CEO, Reliance Jewels; Mr. Vipul Shah Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirav Bhansali (Convener, National Exhibitions, GJEPC); Shri Sabyasachi Ray (ED, GJEPC), along with the doyens of international & Indian diamond, gem & jewellery sector.
While speaking at the IIJS Signature, Dr. Fadnavis said, “Prime Minister Shri Narendra Modi ji has set a target of USD 75 bn for gem & jewellery exports by 2030. This will be possible with the pivotal role played by the apex body GJEPC, which has instrumental in making India one of the biggest international players in the global gems & jewellery industry. Maharashtra Government has worked closely with GJEPC to complete the new Common Facility Centre (CFC) at SEEPZ in just 17 months and this will allow gem & jewellery exporters especially MSMEs to have hassle free shipment, paper work and facilitate ease of doing business. Maharashtra Government and GJEPC have collaborated for the new India Gems & Jewellery Park at Navi Mumbai and this initiative will also help achieve export target. Jewellery Park will create new ecosystem in gems & jewellery industry wherein Maharashtra will preserve its status as ace exporter and set new records in gem & jewellery exports. Indian jewellery has been part of the global trade since time memorial not is just economic but also an emotional investment. As India prospers and economy and industry expands, Maharashtra will continue to make new investments. Maharashtra Govt. is working tirelessly to help gem & jewellery entrepreneurs in key parameters such as ease of doing business and cost of doing business. As Maharashtra targets to become USD 1 trillion economy, we shall continue to collaborate with GJEPC to create unique institutions such as the Bharat Diamond Bourse, which symbolises unique ecosystem. And whenever GJEPC wishes to create any new ecosystem, the natural and first choice has to be Maharashtra.”
Maharashtra’s Industries Minister Uday Samant urges GJEPC to develop indigenous gem & jewellery industry in rural India.
While thanking Dr. Devendra Fadnavis for his support and vision, Mr. Vipul Shah, Chairman, GJEPC, said, “Now, with the Jewellery Park coming up in Navi Mumbai with the support of Maharashtra Government, our industry is getting ready to bring in more investments from abroad. The Jewellery Park brings with it several government-backed advantages. It’s a one-stop-shop with the Single Window Clearance for government approvals under the Maitri Policy, making processes smoother and faster. Additionally, the State Government has offered relief in power tariff and electricity charges, among other benefits. These initiatives significantly ease the path for businesses, ensuring efficiency and reducing operational costs, ultimately fostering a thriving environment within the park.”
Talking about the mega CFC in SEEPZ, Mumbai, Shri Shah said, “GJEPC, with the support of the Ministry of Commerce and Industry has set up a Mega CFC at SEEPZ in Mumbai, which will be launched soon. This groundbreaking initiative aims to enhance the manufacturing capacity of the industry, foster technological advancements, and provide comprehensive skill development opportunities.”
Shah said, “The Indian gem & jewellery industry shares our beloved Prime Minister’s dream of becoming a US dollars 5 trillion economy by 2030 and be a first world nation by 2047. To take part in that Sankalp to be Viksit Bharat, our goal is to reach USD 75 billion exports by the year 2030 and USD 100 billion by 2047. Maharashtra is already a big player in the Indian gem and I am sure that Maharashtra will continue to be leading exporters from the country as we set higher goals.”
Mr. Paul Rowley, Executive VP, De Beers, said, “As seen here at IIJS Signature, India truly inspires and Indian entrepreneurship and their drive and passion is infectious. As India progresses towards becoming the largest economies of the world, massive infrastructure investment is changing face of country rapidly and supporting economic development, nurturing businesses and enhancing people’s lives.
“India’s sustainable growth provides optimum environment for business and facilitates innovation to shine. India’s fast growing global stature is the heartbeat of the new global economy. New exciting opportunities are emerging with industrialisation, urbanisation and consumption. The world is eyeing India’s affluent middle class segment of 30 mn households as potential customers. This will lead to increased spending on fashion jewellery. The gem & jewellery industry in India is also maturing.
The diverse & distinct worlds of natural diamonds and Lab Grown Diamonds (LGDs) have started to diverge. Natural diamond is unique miracle rare and breath-taking beauty. They symbolise precious enduring love ties across generations, deepest human emotions and the most profound connections humans could have – real diamonds are the most desired cherished and richly symbolic objects in the world. LGDs do not have the qualities or symbolism of natural real diamond. G7 sanctions are major concern to everyone in global trade and industry has to speak as one voice in a collective and collaborative way. Diamond industry is cyclical and the industry should be optimistic for the next wave.”
The 16th edition of GJEPC’s IIJS Signature will witness 30,000+ visitors (including international buyers) from 800 Indian cities and 60 countries. The show boasts of 1,500+ exhibitors occupying 3,000+ stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.
Shri Kirit Bhansali, Vice Chairman, GJEPC, requested Dr. Devendra Fadnavis to consider GJEPC’s plea of land for building residences for workers near the India Jewellery Park and first of its kind Gem & Jewellery University in the country.
“The IIJS Signature show alone is set to enable a staggering Rs. 35,000 crore worth of business. When considering the collective impact of all three IIJS shows, the total business generated will amount to an impressive Rs. 1.25 lakh crore. This establishes the IIJS as a truly unparalleled platform within the global gems and jewellery industry, added Nirav Bhansali, Convener, National Exhibitions, GJEPC.
GJEPC has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of a grant of ₹1.50 lakh each, which will help them cover costs and enhance their visibility and competitiveness in the global market.
Additionally, GJEPC has introduced a dedicated section for luxury connoisseurs and couture jewellery buyers called “The Select CLUB” at IIJS Signature 2024 in the Jio World Convention Centre. This exclusive section allows Couture jewellery manufacturers to showcase their extensive collection of high-end, exclusive jewellery designs to a curated audience
Jan 5, 2024 | Uncategorized
Gurugram-based One MobiKwik Systems Limited, a platform business with a two-sided payments network, consisting of consumers and merchants, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Sebi to raise Rs 700 crore for its initial public offering (IPO).
The IPO is with a face value of Rs 2 is entirely a fresh issue of equity shares with no offer for sale component.
The Issue is being made through the book-building process, wherein not less than 75% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the issue shall be available for allocation to non-institutional investors, and not more than 10% of the issue shall be available for allocation to retail individual bidders.
The company, in consultation with the book-running lead managers, may consider a further issue of specified securities including private placement, preferential allotment, rights issue, or any other method aggregating to Rs 140 crore as “Pre-IPO placement”. If such placement is completed, the fresh issue size will be reduced.
The proceeds from the fresh issue, to the extent of Rs 250 crore will be used for funding growth in the financial services business, Rs 135 crore for funding growth in the payment services business, Rs 135 crore for investment in data, ML and AI and product and technology, Rs 70.28 crore for Capital expenditure for the payment devices business, and general corporate purposes.
Established by Bipin Preet Singh and Upasana Taku, leveraging their prior experience in developing scalable technology and financial products. The company’s primary goal is to utilize technology to enhance financial inclusion for underserved populations in India. It caters to businesses and merchants with extensive payments and financial services such as online checkout, Kwik QR scan and pay, MobiKwik Vibe (Soundbox), MobiKwik EDC Machine, and Merchant Cash Advance.
Additionally, through its subsidiary Zaakpay, it operates a B2B payment gateway for e-commerce businesses and has received RBI approval for its Payment Aggregator (PA) business.
MobiKwik, the company’s flagship application, provides consumers access to various payment options and financial products in digital credit, investments, and insurance has acquired approximately 18.29 million new users every year, between Fiscal 2021 and September 30, 2023.
As of September 30, 2023, the company has amassed 146.94 million registered users and enabled 3.81 million merchants to conduct online and offline payments. Its Payment GMV has grown annually by 32.33%, while MobiKwik ZIP GMV (Disbursements) surged by 354.86% from Fiscal 2021 to Fiscal 2023.
As per the RedSeer report quoted in the DRHP, the company’s commitment to growth through cost-effective, technology-driven innovations is evident in its array of scaled products and its ability to maintain one of the lowest employee cost-to-revenue ratios among digital financial service platforms in Fiscal 2023
For fiscal 2022–23, the company’s revenue from operations has increased to Rs 539.47 crore against Rs 526.56 crore for fiscal 2021–22. Loss for the year decreased by 34.60% from Rs 128.16 crore in fiscal 2022 to Rs 83.81 crore in fiscal 2023.
For the six months ended September 30, 2023, revenue from operations stood at Rs 381.09 crore and profit after tax stood at Rs 9.48 crore.
SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead manager for the IPO, and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.
Jan 5, 2024 | Uncategorized
Amazon miniTV – Amazon’s free video streaming service recently released its comedy-drama series Mera Bhai. Revolving around the story of two brothers Bittu and Sittu, the series highlights the ups and downs of their lives, capturing the essence of a brotherly bond. With different personalities, the brothers stand at opposite ends in every situation yet stay together and stronger. Along with its heartwarming storyline, and relatable characters, the series is a roller-coaster ride of emotions. Here are the top reasons why Mera Bhai must be on your binge-watch list.
- Relatable narrative, brimming with emotions: Mera Bhai is a wholesome blend of emotions, comedy, and realism. Each character, including Bittu and Sittu, not only depicts their struggles but also holds significance in mirroring stories that resonate with our daily lives. The narrative strongly holds the honesty and sentiments of their bond. The brothers stick together and emerge stronger and closer than before despite unexpected events and circumstances at every turn.
- An ode to the bond of siblings: Bittu and Sittu’s unusual yet relatable bond binds the story together. While they may not always agree with each other and engage in occasional arguments or fights, their love for each other deepens with each passing episode. The series gracefully depicts the struggle and sacrifices of the elder sibling along with the crazy and mischievous nature of the younger brother. They are each other’s strongest supporters, standing for one another when in need. The series reminds us of the value of our siblings and their love.
- Nostalgic ride of heart-warming memories: With heart-touching moments, and deep-rooted characters, Mera Bhai transports us back to childhood memories of our siblings, leaving us with many emotions. The constant fights, leg-pulling, sharing secrets, lots of laughter and love, the series perfectly captures the nitty-gritty of a sibling bond. Focusing on the strength of their bond and highlighting how they stand together through thick and thin; the series is a trip down memory lane for all of us.
- Skillful ensemble of the cast: The series boasts an ensemble of a talented cast featuring the famous Chinmay Chandraunshuh and Badri Chavan in pivotal roles. Their honest approach towards their character will leave a lasting impact on the viewers. With an immersive experience filled with laughter, tears, flashbacks of memories, and hard-hitting emotions, their on-screen presence feels like a breath of fresh air amidst warm sunlight.
- Watch for Free: Explore the journey of two siblings and how their relationship evolves, facing the hardships of life for free. There is no need for any subscription to watch this heartening delight. Mere Bhai is streaming for free on Amazon miniTV and Fire TV, as well as on the Amazon Shopping App and the Google Play Store.
Produced by ‘The Screen Patti’, Mera Bhai is streaming exclusively on Amazon miniTV available on Amazon’s shopping app, on Fire TV, and Play Store.
