Archives March 2023

March 05, 2023: PlayerzPot is on a revolutionary streak to amplify the reach of online gaming countrywide. The leading fantasy gaming platform today launched #CelebrationKaSeason, a campaign that offers a chance to win big prizes and indulge in bigger celebrations on the platform. Featuring its brand ambassador Indian women cricketer and now a representative of Royal Challengers Bangalore in the upcoming Women’s Premier League, Smriti Mandhana will be seen across the brand’s traditional and digital channels in their new campaign #CelebrationKaSeason.

The campaign has four exciting digital films targeting diverse audiences. Each film depicts Smriti Mandhana in 4 different moods to convey that it is always a time to celebrate with PlayerzPot. The gaming platform has an array of in-game offers and features that lift the cricketer’s spirits and help her play, win and celebrate. Instant withdrawal, lowest commission, the opportunity of a 2^nd inning and Refer & Earn are some of the many features of the campaign that attract young gamers.

Commenting on the launch, Sunil Yadav, CEO of, PlayerzPot said, “We are very excited about this new campaign with Smriti. The past two years of associating with her as our brand ambassador has been very rewarding. In fact, our user base has grown almost seven-fold in this time too. This has also been on the back of PlayerzPot’s on-going innovations in terms of offers, unique features, and rewards. Nurturing a loyal user base, our constant endeavor is to set new industry standards in delivering a safe and secured gaming experience to our audience.”

Speaking about the campaign, PlayerzPot’s brand ambassador Smriti Mandhana said, “The association with PlayerzPot has been my very first introduction to the skilled based gaming and I have become quite an expert at it now (if I may say so myself!). This is the second year of our association and being a part of the brand’s growth journey has been enriching, indeed. The online gaming industry in India has grown from strength to strength in the past few years and I believe PlayerzPot is spearheading this revolution. #CelebrationKaSeason campaign truly reflects the potential of the platform to let their users win and celebrate. It was a great experience shooting the campaign and I am really looking forward to seeing it live,” she added.

Getting gamers across the country to engage in the fantastic world of online gaming, PlayerzPot is winning hearts through this campaign as that’s how — ‘CELEBRATION MAIN JYADA MAJA AAYEGA’

Her Royal Highness, The Crown Princess of Denmark address the ‘Water Track’ during her visit to Grundfos India’s headquarters in Chennai

Chennai, March 05, 2023: Grundfos India celebrated the completion of 25 successful years of operations in India. The company started its India operations in 1998 with an aim to transform the Indian pump manufacturing industry with new benchmarks in sustainability, urbanization, and digitalization solutions to solve water and climate challenges in the country.

To mark the momentous milestone, Grundfos is the host for the Danish Royal delegation visit to India and organizing for the events running in the ‘Water Track’, to enhance the co-operation in the water sector between Denmark and Tamil Nadu. In Chennai, the company hosted a seminar on water sector cooperation between Denmark and Tamil Nadu at its India headquarters in Chennai. Her Royal Highness, The Crown Princess of Denmark along with the Danish Minister for Foreign Affairs, Lars Løkke Rasmussen, and other members of the Danish Delegation were part of this seminar.

Mumbai, 05 March 2023: Pearl Global Industries Limited (“Pearl Global”), a listed global apparel manufacturing company with a presence across the globe, has recently secured a receivables financing facility through the Olea and Vayana partnership.

The partnership has already gained good traction since its onset in May 2022, and Pearl Global is the latest company to benefit from the hassle-free, competitive, and fast access to alternative liquidity provided through Olea and Vayana.

According to the Government of India, India’s textile exports have been the highest ever at USD 44bn in 2022. The export tally indicates a substantial increase of 41% and 26% over the corresponding figures in 2021 and 2020, respectively.

Letitia Chau, Deputy CEO of Olea, said: “We are proud to offer financing options that help our customers achieve their business goals and succeed in today’s competitive marketplace. We are committed to providing our customers the support they need to grow, and our financing solutions offered through the Olea and Vayana partnership are a testament to that commitment.” 

Ram Iyer, Founder, and CEO, of Vayana, said, “Keeping in mind the importance of fresh pools of capital required for India to achieve the target of USD 2 trillion exports by 2030, we are delighted to have facilitated the receivables financing facility for Pearl Global. Strategic partnerships like the one we have with Olea are critical to our mission of delivering innovative and efficient trade finance solutions to our customers.”

Sanjay Gandhi, Group CFO of Pearl Global, said: “Pearl Global has presence across the globe and we are happy to have been able to capitalize on the cross-border financing opportunity available to us through the Olea-Vayana collaboration. Strategic financial product collaboration like the one with Olea and Vayana is essential not only for efficient working capital management but also act as risk mitigation strategy. We are hopeful of leveraging Olea’s and Vayana’s strengths to provide a seamless and superior experience across geographies at competitive prices, delivering value in today’s ever-evolving business landscape.” 

The Olea-Vayana partnership aims at financing trade deals worth more than USD 500mn in the next few years.

Asian Games Gold Medallist for India in golf, Rishi Narain and his team teed off the initiative

Mumbai, 05 March, 2023: Allcargo Group, India-born global logistics conglomerate, held the maiden edition of its corporate golf event, Allcargo Invitational Golf Tournament, on 26th February 2023, at the Oxford Golf Resort, Pune.

The tournament, which was an extension of Allcargo’s overarching ESG theme — sustainability — was organised in collaboration with former Asian Games Gold Medallist for India in golf, Rishi Narain, and his team. The tournament focused on creating awareness on ESG and sustainability through a number of unique initiatives. Nearly 100 corporate and business leaders travelled from across India to participate in it. Allcargo has also made the platform available for raising funds for the DEC Turkey-Syria Earthquake Appeal, with a $ 50,000 goal, to aid in the recovery and rebuilding of lives affected by earthquakes in southern Turkey and northwest Syria.

The topmost priority for Allcargo Group is to ensure that its companies across countries have a common framework for their ESG initiatives at different stages of evolution to create sustained outcomes whilst strengthening the group’s commitment to environment and societies. Keeping its consumers, stakeholders and employees at the core of all their activities, the Group strives to make a difference in the world with the overarching theme of sustainability. Present in 180 countries, Allcargo Group takes its Corporate Social Responsibility (CSR) goals seriously and its initiatives have already touched over 360,000 lives.

Making the tournament truly one-of-a-kind, was the tournament’s ESG focus. In keeping with the pledge to make the world a better place, Allcargo Group donated money to the Isha Foundation’s Isha Vidhya programme on behalf of all the participants to jointly finance the education of 30 students for a year. In addition, 10 trees were planted on behalf of each participant to green the earth’s surface and as a way to represent a long-lasting relationship that would blossom and become stronger. In a first for any competition, all 65 of the course’s caddies were outfitted. Both sides expressed gratitude for these significant initiatives.

“We are delighted to have created a platform where CSR is seen in the ambit of ESG. We are especially happier because this happened through golf, which is a passion of mine. At Allcargo Group, we are committed to the environment and society. We are proud of our initiatives and hope to catalyse some good, and inspire everyone to commit to do whatever else they can for the benefit of mankind. I am so happy that the Allcargo Invitational Golf Tournament got such a wonderful response from India Inc.’s top leaders and our focus on ESG and sustainability was very well-received,” said Shashi Kiran Shetty, Founder and Chairman, Allcargo Group.

The Allcargo Group is committed to building a sustainable future by adhering to Environmental, Social, and Governance (ESG) and Health, Safety, Security, and Environment (HSSE) standards, people-centric policies, corporate governance, and environmentally conscious initiatives. Allcargo is consistently working to reduce environmental impact by participating in CSR initiatives such as Maitree, which has planted over 710,000 trees to restore the ecosystem and diversify tribal farmers’ incomes. Avashya Foundation, the CSR arm of Allcargo Group, has been actively engaged in various CSR activities that cover a wide range of areas, such as health, education, environment, women’s empowerment, sports, and disaster relief. Allcargo Group was amongst the first to recognize the importance of skilling the community they operate in and was instrumental in setting up a multi-skill development centre in collaboration with JNPT and CIDCO.

March 05, 2023:  Holi is a festival of colors, a festival of spring, and a festival of love. It is celebrated all over India, families gather to play with colors, and the fun all day long is something everyone loves about this celebration. Holi can also be exhausting after the fun, and there is nothing more relaxing and soothing than a cup of tea to invigorate.

This Holi, celebrate the colors of love with Luxmi tea’s colorful blends. This 111 years old tea brand produces different organic, herbal, and functional tea blends perfect for your tea thirst this festive season. Every color of holi represents the different qualities of the tea blends. 

Below are the tea blends representing certain colors- 

Yellow Turmeric Timeout- The yellow colour of the packaging represents turmeric which is proven to have anti-inflammatory and immune-boosting properties. refreshing cup, hot or cold. Turmeric Spice Herbal Immunity Tea, the premium “Haldi ” or turmeric used in this earthy fusion is grown in the foothills of the Himalayas in Fulbari Assam. Auspicious and sacred, this root has been used ceremonially and in ayurvedic healing. 

Pink African Rose- The soothing tranquil blend with aromatic rose and hibiscus is known to be a good source of vitamin C. The hibiscus serves a tart and full-bodied fruity palette and, when combined with delicate aromas of rose becomes a balance of both bold & delicate flavors existing in the same. The color pink is a nurturing and playful color and so does these aromatic blends make one feel

Purple Valerian Dream- Valerian dream, as the name suggests, helps in relaxed sleep in the season that calls for resting well.  The valerian root also known as ‘sugandhbala’ in India grows on the rolling hills and deep valleys of Kalimpong in the temperate Himalayas. Tranquil terroir produces ingredients used in this calming blend. The result is a light, earthy, and gently floral cup of tea that will steep you into relaxation and give the royal and magical feel just like the colour purple.

Green Citrus Sky- Ginger and lemongrass make for an interesting mix of ingredients for this blend. This nuanced cup starts in the fertile rolling hills of Darjeeling, where lush, bright green tea meets the sky at 6000 feet. Each sip tells a story, with “Adda’ or wild ginger as the main character and the Eastern Himalayan Lemongrass as the loyal companion, layering aromatic citrus accents throughout and taking you deeper into this cup’s delicious journey.

Available- www.luxmiestates.in

Mumbai, 05, March 2023: Siddha Group has successfully started handing over ‘Siddha Seabrook’, its first premium project in Mumbai. This iconic 57 floors premium tower is strategically located at Kandivali(W), Mumbai, and boasts of being the tallest residential tower in this zone. It comprises 2 &3 BHK + Sky Garden premium apartments. It offers residents numerous lifestyle features, with spectacular views of Mumbai’s skyline, against the backdrop of Sanjay Gandhi National Park.

Siddha Group has begun the process of handing over the keys to the respective homebuyers at fit out stage. Speaking on the occasion Mr. Samyak Jain, Director, of Siddha Group said, “We are absolutely delighted to deliver our first project to the citizens of Mumbai. We worked against all odds during the pandemic, setting strict timelines so that we could deliver our project as per schedule. This project promises to be a landmark address at Kandivali(W) due to its location advantage and connectivity to the rest of the city.”

This edifice rising up to 57 floors will comprise of well-designed, spacious 2 BHK Smart & Premium along with 3 BHK Premium + Sky Garden apartments. The size of apartments range from 496 sq ft to 1258 sq ft. Prices of apartments start from 1.59 crores to 3.85 crores. The tower has a total of 282 units.

Residents are pampered with a host of luxurious amenities that promises to offer them a healthy and holistic living experience. These include a premium clubhouse for members to socialize, gymnasium to keep fit, sun deck to lounge, mini theatre for family entertainment, swimming pool, landscaped rooftop terrace, and a Jain temple.

‘Siddha Seabrook’ is strategically located at Mathuradas Road and the junction of Link road which is considered the central hub of Kandivali. It is within walking distance of Dahanukarwadi Metro station and in close proximity to the upcoming coastal road and the Goregaon-Mulund Link Road. This will provide the residents with improved connectivity to western and central suburbs. The Mumbai airport is also in close proximity to the project.

Kandivali (W) is developing into a preferred residential hub for home buyers in Mumbai. It is well connected through Link Road, SV Road, and Western Express Highway. It is also well-connected to Thane via Ghodbunder Road and Gujarat via Mumbai-Ahmedabad Highway through Dahisar Check Naka. The newly opened Metro Line 2 will connect Dahisar (E) to DN Nagar passing through the area, making easy commute for residents of Kandivali. Kandivali is also close to several major employment hubs in Goregaon, Malad, and Andheri.

Bengaluru, March 05, 2023: Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV evolution in India, today proudly announced that India’s most trusted and driven EV – the Nexon EV has successfully entered the India Book of Records by covering the ‘Fastest’ Kashmir to Kanyakumari drive by an EV.

The Nexon EV – India’s number one electric vehicle completed the drive of 4003kms in just 95 hours and 46 minutes (under 4 days), successfully proving its ability to undertake multi-city trips. Furthermore, this non-stop drive was also possible because of the enhanced uninterrupted Public Charging network present on the Indian Highways. Having spent a total of 28 hours resulting in only 21 stops for fast charging throughout the trip, the Nexon EV not only saved up on time in the completion of the total trip but also saved up a considerable amount on the cost when compared to an ICE vehicle.

During the drive, the Nexon EV, which was driven just like any other car across challenging terrains and extreme weather conditions, delivered an average real-world range of 300+kms with ease. This beautiful drive was also enjoyed by the company’s very own leadership team, who drove the Nexon EV along the landscapes of India. In addition to the ‘Fastest’ K2K drive by an EV record, the Nexon EV has created 23 additional records.

Commenting on this remarkable achievement, Mr. Shailesh Chandra, MD, Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd., said, “The Nexon EV has further validated its capabilities by entering the Indian Book of Records, for the fastest K2K drive by an EV. This achievement is a testament of the enormous competency of the product and the availability of a healthy charging infrastructure across the country – further bolstered by Tata Power’s presence across the country. There was a fast charging station at regular intervals, between 75kms -100kms, which itself is a great feat for India’s EV ecosystem. 

This drive has been special for us, as my colleagues and I ventured onto something like this for the very first time – driving 4003 kms through the length of the country, in the shortest recorded duration by an EV yet. The aim here was to showcase that our customers can confidently plan long journeys with the Nexon EVs enhanced range in addition to the ever-growing charging infrastructure. I am positive that this K2K drive will inspire more customers to adopt EVs and evolve to electric.” 

To know more about Nexon EV, call your nearest dealership or visit https://nexonev.tatamotors.com.

Details of all the records can be referred to on the website.

Hyderabad, 03 March 2023: NMDC’s iron ore mines – Kirandul Deposit – 14 MZ, Kirandul Deposit – 14 NMZ, and Bacheli Deposit – 5 have been awarded 5 Star Ratings by the Indian Bureau of Mines (IBM) in Nagpur on Wednesday. Honourable Minister of Parliamentary Affairs, Coal and Mines Shri Pralhad Joshi presented the award to NMDC’s Director Production Shri Dilip Kumar Mohanty.

NMDC’s mines consistently feature in the best-performing mining leases of the country and receive 5 Star Rating in the Star Rating System of IBM, Ministry of Mines. The mines are assessed based on their efforts and initiatives taken for the implementation of the Sustainable Development Framework (SDF). Assessment parameters include impact management through scientific and efficient mining; addressing social impacts of resettlement and rehabilitation; local community engagements and welfare programmes; progressive and final mine enclosure; and adoption of international standards.

Congratulating the team, Shri Dilip Kumar Mohanty said, “As India’s largest producer of iron ore, it is NMDC’s responsibility to adopt mining practices that are sustainable, efficient, and environment friendly. We will continue to innovate and digitalize our production processes while being an eco-friendly miner to the nation.”

NMDC participated in the Special Mining Exhibition celebrating the 75th Foundation Day of the Indian Bureau of Mines (IBM) in Nagpur. Shri Vivek Bharadwaj, Secretary, Ministry of Mines inaugurated the NMDC Pavilion highlighting the strides and recent initiatives of the company and India’s mining sector.

Mumbai: ICICI Bank today announced the launch an array of digital solutions for parti cipants of the capital market and clients of custody services. The solutions enable various participants in the sector including stock brokers, Portfolio Management Service (PMS) providers, Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Alternative Investment Funds (AIF) to seamlessly meet all their banking requirements. The Bank has launched these solutions to offer expeditious onboarding and convenience to all participants of the Indian capital market which has seen significant growth in the last few years.

The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in few hours from anywhere across the country. The facility empowers stock brokers to integrate their trading and depository systems with the Bank through API, providing them with the advantage of real time information on availability of investor funds.

The Bank has also enabled providers of PMS services to digitally open savings account and demat account in a single working day, significantly reducing onboarding and activation time.

Additionally, the Bank has launched a digital platform for onboarding and registration of FPIs/FDIs from any country across the globe. The platform helps FPIs/FDIs to upload documents and information seamlessly for pre-verification, thereby paring the registration and onboarding time down to a few days.

Speaking on the launch, Mr. Sumit Sanghai, Head- Large Clients Group, ICICI Bank said, “Indian capital market has witnessed significant growth over the last few years which can be gauged from the increase in number of demat accounts, rise in AUM of the mutual fund industry and surge in capital flows into the country. The market capitalisation of listed Indian corporates has increased from ~ INR 148 trillion to ~ INR 257 trillion over last five years. We believe that the market will continue to experience robust growth and provide impetus to India’s journey towards becoming a USD 5 trillion economy by 2025. The digital set of solutions launched by the Bank will help the participants of the capital market and custody services meet regulatory requirements, significantly decongest manual processes, thereby improving their operational efficiency and scalability in business.”

The key services and offerings of the digital solutions for entities in Capital Markets and Custody Services:

· ‘3-in-1’ account facility for stock brokers and clients: The facility enables investors to open a demat, savings bank and trading account simultaneously in a completely digital manner, within few hours. This facility enables the investors to simply block funds in the account towards a particular transaction, instead of transferring the funds to the brokers. This gives the investors the flexibility to pay only when the trades are executed. Additionally, the brokers can integrate their systems with the Bank to get real-time information on availability of investors’ funds.

· Digital account opening for PMS clients: As a custodian, the Bank offers first-of-its-kind solution to open digital demat and bank account for end clients of PMS. The account is opened with a simple digital journey in a single day as against the physical account opening process which takes 7 to 10 days.

· Digital on-boarding and pre-verification of FPI/FDI clients: The Bank offers state-of-art digital platform for onboarding of FPIs/FDIs. The digital process does away with longer turn-around time required for dealing with multiple time zones. The clients can fill the application form online and upload the supporting KYC documents such as Certificate of Incorporation, Memorandum of Association, Regulatory Licenses, etc. for pre-verification process. Once queries, if any, are resolved through the interactive query resolution mechanism on the platform, the clients are required to send the physical documents to the Bank, as required by the regulator. The digital process simplifies the on-boarding journey and reduces the time taken to open custody account, to few days from industry practice of 2 to 3 weeks and eliminates exchange of documents over email.

· Self-service portal: The Bank offers a self-service portal to clients of Custody Services including PMS, AIF and Foreign Institutional Investors (FIIs) that provides 24*7 digital access to custody holdings, transactions and various reports through ‘Web Custody’, a new feature of Corporate Internet Banking. The Bank also provides access to ‘E-Protector’ application, a digital dashboard for real time monitoring of margin utilisation, margin per script and authorisation of trades for clients availing derivative clearing services.

· Value added services for AIFs: The Bank offers solutions to AIFs including services such as fund accounting, forex, escrow arrangement, digital collection and payment solutions. The Bank’s latest fund accounting software has the capability to manage all asset classes including regulatory reporting apart from web based access to AIF and its investors. The Bank also extends customised escrow services for diverse requirements of AIF portfolio companies such as share purchase agreement, share buyback, merger, demat escrow, RERA accounts and credit linked arrangements.

· Digital collection solutions: The Bank offers customised solutions to collect funds and margin money from investors. The list of collection solutions include digital channels such as e-collections, e-mandates, e-NACH and UPI interfaces. These channels are integrated with the client’s systems through state-of-art APIs. It helps them for automated reconciliations and efficient cash flow management.

· Digital payment solutions: The Bank offers tailor-made solutions to participants of capital market and custody services to carry out various payments such as exchange pay-in, investor payment, expense payment to vendors and statutory payout. The participants can directly integrate with the Bank’s systems and UPI stack, and embed the payment solutions within their ERP systems. This can be done with API integration with the Bank in a secured and speedy manner. The integration helps the participants with real time status update, faster credits and automated reconciliation and validations with the client systems.