Sep 29, 2023 | Uncategorized
PayWorld Digital Services Pvt Ltd, a pioneering fintech platform dedicated to bringing financial inclusion to the citizens of Bharat, has yet again demonstrated its commitment to empowering small businesses and communities. Through its innovative services, PayWorld has transformed the story of P Santhosh, a humble print and fax shop owner in Telangana, into a remarkable tale of growth and success.
Since its inception in 2006, PayWorld has been on a mission to build a Digital India, offering a wide array of online financial services, including AePS (Aadhaar Enabled Payment System), Aadhar Pay, Remittances, Recharges, CMS, and Digi Gold, among others. With an extensive distribution network that covers 720 districts and 28 states, PayWorld has become a trusted partner for millions of individuals and businesses.
Santhosh’s journey with PayWorld began in early 2017 when he faced challenges in expanding his modest print and fax shop business. However, by partnering with PayWorld, his business experienced a remarkable transformation.
Empowering Small Business Owners
PayWorld introduced Santhosh to a suite of services tailored to his retail business. First and foremost, Santhosh embraced the Aadhaar Enabled Payment System (AePS), a game-changer that allowed his customers to perform a wide range of banking activities, including deposits, withdrawals, and checking account balances, all within the convenience of his shop.
Additionally, Santhosh expanded his offerings to include money withdrawal services, becoming a trusted source for local residents to access cash from their bank accounts. His shop evolved into a comprehensive service center, offering hassle-free bill payments for gas, water, and even mobile and DTH recharges.
A Transformation in Just One Year
Santhosh’s journey with PayWorld exemplifies the platform’s commitment to empowering small businesses and communities. Within just a year of partnering with PayWorld, his business underwent a significant transformation. PayWorld’s services and solutions enabled him to offer essential financial and utility services, turning his shop into a trusted hub for banking activities and diversifying his offerings to meet the diverse needs of his customers.
PayWorld’s mission aligns perfectly with the vision of a rising and self-reliant India, where everyone has the opportunity to pursue their dreams. The platform’s dedication to financial inclusion and wellness has made it a driving force in Bharat’s economic empowerment journey.
PayWorld’s journey continues to inspire countless individuals and businesses across the nation, empowering them to achieve their financial goals and contribute to the growth of Bharat.
Sep 29, 2023 | Uncategorized
The wave group has identified seven to eight properties to expand its cinematic footprint, which will add about 35 screens shortly, said Rajiv Gupta, Managing Director of Wave Group, on Wednesday on the sidelines of the launch of a premium 7-screen multiplex Wave Cinemas at the resplendent M3M Urbana Premium, Sector 67, Gurgaon. Wave now operates 10 multiplexes and 42 screens, with the goal of providing viewers with an exceptional cinematic experience.
“We have identified seven to eight more properties that will add about 35 screens shortly. We are going to invest around Rs 100 crore in this expansion,” Mr. Gupta revealed during a media interaction.
Wave Group on Wednesday announced the grand opening of Wave Cinemas, Gurgaon, a premium 7-screen multiplex at the resplendent M3M Urbana Premium, Sector 67, Gurgaon, aiming to revolutionize India’s cinematic experience with a magical, immersive, and fascinating experience. This marks the foray of Wave Cinemas into India’s millennium city, Gurgaon.
Speaking on the occasion, Mr. Rajiv Gupta, Managing Director of Wave Group, said, “Modern Indian cinema viewing is more about socializing and an immersive experience where every aspect of comfort is important. All aspects of the experience must be flawless, including top-of-the-line technology, food and snacks, seating, ambience, hygiene, and accessibility. We at Wave Cinemas understand the requirements of today’s evolving customers and have tailored our offerings accordingly. We are excited to offer our patrons the most sophisticated movie viewing experience and hope that our latest offering will cater to every aspiration of our patrons and their families.”
Designed to offer patrons the ultimate cinematic experience, Wave Cinemas, Gurgaon, has an overall seating capacity of 899 people and is boasted with the latest cinematic technology, which includes 4K laser projectors with Dolby Atmos high-definition immersive audio. It offers premium seating arrangements and a wide selection of food and beverages, as well as excellent sound and screening systems.
The multiplex is also equipped with a Gold Class Lounge designed to provide patrons with a luxurious cinematic experience. Apart from this, it also offers a Gold Class auditorium with opulent interiors, comfortable reclining leather seats with ample legroom, and opulent reclining leather couches that provide a comfortable viewing ambience for the audience.
Sep 29, 2023 | Uncategorized
Aviva Life Insurance, India’s most trusted private life insurance company, today announced the appointment of Gyanendra Singh as the Chief Technology Officer. Mr. Singh will play a pivotal role in shaping Aviva’s digital transformation, Product Development, innovation, R&D, Information Security and innovation initiatives.
In this role, Gyan will drive the company to remain at the forefront of the rapidly evolving digital landscape. His leadership will be instrumental in harnessing the power of emerging technologies, optimizing operational efficiencies, and further enhancing Aviva’s digital products and services. He will report directly to Asit Rath, CEO & MD, and take over the Product & Technology responsibility, previously handled by Kunal Anand, Chief Operations and Customer Services Officer.
Asit Rath, CEO & MD, Aviva India said, “We are pleased to welcome Gyan to the Aviva India family. He has joined at an exciting time of growth and transformation. He brings exceptional leadership qualities and a profound understanding of the technology landscape. As we continue to invest in cutting-edge technology, Gyan’s leadership will be instrumental in helping us deliver innovative solutions that meet the evolving needs of our customers.”
Commenting on the role, Gyan, Chief Technology Officer, Aviva India said, “I am excited to take on this role at Aviva India and look forward to collaborating with talented professionals to deliver innovative technological solutions that will revolutionize the insurance experience for Indians. Together, we will continue to strengthen and drive our company’s success.”
With a career spanning over 20 years in BFSI technology development, Gyan has expertise in application development, data engineering, business intelligence, platform engineering, Info Sec, various Artificial Intelligence disciplines, and vendor management. Prior to joining Aviva India, Gyan was the CTO at Toffee Insurance where he scaled and built Digital Insurance distribution and Auto loan aggregation capability. Prior to that, he was Director, Technology Development at BlackRock India & Singapore, and Product Delivery Head at Polaris Financial Technology. He holds a degree in Computer Science from the University of Pune and is also a certified Project Management Professional from PMI.
Sep 29, 2023 | Uncategorized
Transworld Holdings Ltd (“THL”), the promoter of Shreyas Shipping has presented a counter-offer at a price of INR 400.00 per Equity Share as part of the delisting process. As per SEBI Delisting Regulations, the counter-offer price provided by THL is above the book value of the company as on June 30, 2023 i.e. 373.48. In accordance with the revised SEBI norms, promoters or acquirers have the option to reject the discovered price or present a counter offer.
NovaaOne Capital Pvt. Ltd., a SEBI-registered Merchant Banker, is acting as the Manager to the Offer to Transworld Holdings Limited on the delisting process. JSA Advocates & Solicitors are acting as legal advisors in connection with the Offer.
Shreyas Shipping & Logistics Limited successfully completed the book building process for delisting the company from the stock exchanges. The bidding period for reverse book building started on September 20, 2023 and ended on September 26, 2023. The promoters were able to achieve more than 90% of shareholding even after having majority of shareholders being retail shareholders. About 4.3 million shares were tendered by the shareholders surpassing the minimum requirement of 4.07 million shares. The discovered price as per reverse book building process was Rs. 890.0. The number of Equity Shares successfully bid at or below discovered price were 40,73,075 which amounted to 18.55% of the total issued capital and 18.76% of the remaining shares.
THL, had previously offered to acquire the shares of the company from public shareholders at an indicative revised price of Rs. 375. The floor price determined as per Delisting Regulations was INR 292.00. All the Public Shareholders holding Equity Shares were eligible to participate in the Counter-Offer in accordance with the procedure set forth in the counter offer documents.
According to stock exchange filing, Promoter and Members of Promoter Group Shareholding comprised 1,54,66,650 shares which amounted to 70.44% of the total issued capital and 71.25% of the remaining shares.
THL had announced its intention to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. (“SSL”) vide Initial Public Announcement dated May 21, 2023. The Delisting Offer is in accordance with Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (“Delisting Regulations”), from NSE and BSE on which SSL’s equity shares are listed (“the Offer”). THL obtained in-principle approval for the proposed delisting from Bombay Stock Exchange and The National Stock Exchange of India on September 07, 2023.
Sep 29, 2023 | Uncategorized
In an endeavour to underline the significance of creative expression, IILM University is delighted to announce the upcoming “PressPsyche Palooza,” a five-day celebration of Journalism, Media and Psychology.
The event will be held at the IILM University’s Greater Noida campus from October 9th to 13th, 2023 and will witness the convergence of esteemed personalities, experts, and enthusiasts delving deeper into diverse facets of liberal arts, journalism, and creative expression.
The event has been meticulously designed to foster intellectual curiosity, creativity, and a comprehensive understanding of the liberal arts.
Some of the notable speakers who will grace the occasion with their esteemed presence include-:
- Nidhi Razdan (Senior Journalist): Nidhi Razdan will lead a thought-provoking session on “Reclaiming News: Can We Rescue Journalism from Opinion?”
- Somya Lakhani (Associate Editor- Hindustan Times): Somya Lakhani will share her expertise in an expert talk session on “Women at Work: Exploring Experiences, Challenges and Triumphs”
- Tripura Kashyap (Movement Therapist/Dance Educator & Choreographer): Tripura Kashyap will conduct a Dance Movement Therapy Workshop, emphasising the therapeutic aspects of dance and movement.
- Sanjiv Singh (Founder, PR Mantra): Sanjiv Singh will deliver an insightful talk on “Media Fusion: Unveiling the PR and Influencer Synergy”
The five-day event will also feature an array of enthralling activities, including-:
- Captivating performances and competitions: Experience the thrill of musical, dance, and theatrical performances, as well as exciting competitions and productions.
- Workshops: Visitors can immerse themselves in arts and crafts and photography workshops.
- Expert Talks and Panel Discussions
- Stalls: Explore a host of stalls offering distinctive products and experiences.
“PressPsyche Palooza is a reflection of IILM University’s commitment to empowering minds through the prism of liberal arts. With this, we aim to nurture curiosity and creative thinking and future-proof our students in a constantly evolving world. Going forward, we will continue to organise such events to shape the change agents and managers of the future,” said Prof. Aditi Gupta, English Literature, Journalism and Communication, IILM University, Greater Noida.
About IILM
The IILM Educational group was founded by Ram Krishnan and Sons Charitable Trust in 1993. With more than 28 years of experience in training future entrepreneurs and leaders, it has emerged as one of the distinguished Universities in Delhi NCR. The University has been set up under the Uttar Pradesh Private University (Amendment) Act 2022, which focuses on fields such as Computer Science and Engineering, Technology, Innovation, Law and Entrepreneurship. It is located at 16-18 Knowledge Park II Greater Noida, with a built-up area of over 26 acres. The educational group has another university campus in Gurugram. The University has been set up under The Haryana Private Universities (Amendment) Act, 2018 (Haryana Act No. 10 of 2018). It is located in Sector 53 Gurugram, with a built-up area of over 1.5 lac sq feet known for its state-of-the-art facilities.
Sep 28, 2023 | Uncategorized
Eveready Industries India Ltd (EIIL), India’s No. 1 Battery Brand, with more than 50% market share in the battery category, has introduced their new and improved range of Ultima Alkaline batteries. The brand has introduced their new range of Ultima batteries through a dynamic campaign ‘KhelengeTohSikhenge’. The campaign has been unveiled alongside a captivating TVC that showcases Ultima and Ultima Pro range of premium alkaline batteries with increased power and longevity.
The new range comprises of the AA/AAA Eveready Ultima batteries, which present an impressive 400% longer-lasting claim, as well as the AA/AAA/D Eveready Ultima Pro, which boasts a remarkable 800% longer-lasting claim and is the most POWERFUL battery with Alkaline Technology. These batteries aim at delivering a consistent performance across a spectrum of modern devices and high-drain applications which have become more common in recent years such as toys, video games, smart remotes, wireless keyboard/mouse setups, trimmers, and medical equipment.
Conceptualized by Ogilvy, the campaign shares a fresh perspective on play – highlighting its importance for children and moving the needle from play being just fun to learning through play with battery-powered toys. Thus, challenging society’s existing notion. The TVC campaign showcases a mother’s point of view as her young children play non-stop with battery-powered toys and engage in meaningful ways with those around them to learn important values and life-lessons every single day – like friendship, sharing and compassion. The campaign also unveils the new and improved alkaline range of batteries – Ultima, with 400% more power for longer running toys and gadgets. With a transformation in both appearance and capability, this battery encapsulates Eveready’s commitment to innovation and power, setting new benchmarks for excellence in the industry.
Anirban Banerjee, Sr. Vice President & SBU Head (Batteries & Flashlights) of Eveready Industries India Ltd. said, “Empowering the present, energising the future – defines the revamped Ultima battery series from the house of Eveready. Its smarter appeal and long-lasting power embodies our commitment to solving for emerging consumer needs and innovation. Demanding devices like battery operated toys, smart remotes, wireless mouse, BP machines etc need more power. The new and improved Ultima batteries, push our boundaries, with 400% and 800% longer-lasting performance, highly suitable for the high drain devices. The batteries are also equipped with a unique Turbolock Technology which prevents leakage and protects the consumer’s precious devices from damage caused by the batteries. As a testament to our vision of responsible innovation, Ultima batteries are eco-friendly, devoid of Mercury, Lead, and Cadmium. This is not just a product upgrade; it’s a step towards shaping a better tomorrow.”
Sukesh Nayak, CCO, Ogilvy India said, “Khelenge Toh Sikhenge” is an empowering platform that helps look at playing with toys in a new way. The games children play with their toys have a lot to teach them. Lessons on partnership, sharing, caring, teamwork, empathy and more can be learnt by continuous play. Eveready, India’s No. 1 battery with its new long lasting Ultima batteries wants to own and build this empowering platform. And help enable every child in every household across India to learn something new and meaningful, every single day.”
The Ultima Alkaline Battery range offers Ultima (MRP 22) – a pack of 10 batteries and Ultima Pro (MRP 45) – a pack of 6 batteries, with Anti-Leak Turbolock Technology, reinforcing leak protection and ensuring users’ devices remain secure and functional.
Recently, Eveready also unveiled its new logo that marks a strategic brand transformation, forging a future-ready, self-aware brand committed to innovation, vibrancy, modernity, trust and empathy. The new logo reflects inspiration from the infinity loop which transforms into a fluid shape symbolizing an endless source of power and energy. Eveready with its continued aspiration aims to steer high-growth businesses in India that are sustainable, scalable, and profitable, and deliver lasting value for all the stakeholders through excellence, and customer-centricity.
Note:
- 400% longer lasting than IS 8144 : 2018 R6P standard for motor/toy. Results may vary as per device or usage pattern
- 800% longer lasting than IS 8144 : 2018 R6P standard for pulse test. Results may vary as per device or usage pattern
