Archives May 2023

New Delhi, 16th, May 2023Eighty-three members of the Internet and Mobile Association of India (IAMAI) would be contesting the election to the 24-member IAMAI Governing Council. The nominees of the top three firms, in terms of votes received in this election, would become the Chairperson, Vice Chairperson and Treasurer of the association, and form its Executive Council. Elections are conducted every two years at IAMAI and the terms of both the Governing Council and the Executive Council are two years. The results of the election will be declared at the end of May 2023, and the new Governing Council will take over after the Annual General Meeting in June 2023.

All 500-plus members of IAMAI, with the exception of a few companies which are less than two years old, are eligible to contest as well as vote in the elections.

IAMAI has a composite membership of large global and Indian companies as well as smaller global and Indian companies. At present 65% of the membership of IAMAI is comprised of Indian companies.

Commenting on the election process, IAMAI president Dr. Subho Ray said, “IAMAI has a very transparent and regular process of elections to the extent that we do not allow solicitation and post-election if any member has any concern the results can be duly audited.”

15th  May 2023: Purva Land, the plotted development brand of one of India’s most trusted real estate developers, Puravankara Limited, has launched its latest plotted development project, Purva Raagam, in Thirumazhisai, Chennai. Thirumazhisai is the birthplace of Thirumalisai Alvar, one of the 12 Vaishnavite poet-saints of the Bhakti era whose work is compiled as Divya Prabandham. Divya Prabandham is a collection of 4,000 Tamil verses. In Tamil, “hisai” translates to music, and Purva Raagam will beautifully capture the essence of Thirumazhisai’s long-standing connection to music.

Located at the epicentre of culture and economic prosperity in Tamil Nadu, this uniquely themed development offers spacious and open residential plots. The project has been developed, keeping music as its central theme. Purva Raagam puts forth a musical theme in its development spread across 33 acres of project area, the clubhouse, and more than 15 lifestyle amenities.

Purva Raagam would provide residents luxury and comfort, keeping music at the core of the experience. Located at a distance of 15 minutes from Poonamallee junction, this project is built to offer plots ranging from 431 sq. ft. to a grand 3,359 sq. ft. with abundant common open spaces.

Abhishek Kapoor Chief Executive Officer at Puravankara Limited, said, “We are excited to announce the launch of our newest project Purva Raagam, an ode to the city’s musical heritage. The project is a first-of-its-kind development that promises to enthral residents with its unique theme. The project is also located just 10 minutes from an upcoming metro station. It has several educational institutions like the Chennai Public School, engineering, and medical colleges, making it an amiable location for residents across the spectrum. We believe this unique plotted development, located close to an industrial growth corridor, will blend in and strengthen the cultural milieu of Thirumazhisai. At Purva Land, we are committed to providing the best-in-class residential experiences, and this project will serve as a flagship for those values.”

16th, May 2023 Admissions are open for ICRI’s BSc in Radiography and BSc in Medical Lab Healthcare in collaboration with Aakash Hospital, New Delhi. ICRI students of BSc Radiography and Medical Lab Technology will get a chance to be recruited by Aakash Hospital, after the completion of the program. Leading doctors and health experts of Aakash Hospital will train students. ICRI is the only Institute providing practical exposure to leading hospitals upon course commencement.

BSc in Radiography and Imaging Technology is a demanding course in the allied healthcare industry. It is a 3-year undergraduate program split into six semesters and can be pursued after Class 12th. The curriculum has been designed to meet the growing needs of professionals in clinical radiography, radiation safety, image processing technology, imaging modalities, etc. The radiography field will continue to show higher-than-average job growth in the future. The requirement for educated and professional radiology technologists in hospitals, clinics, and physicians’ offices continuously increases.

BSc in Medical Laboratory Technology (MLT), also known as clinical laboratory Technology, is a 3-year undergraduate program that can be pursued after Class 12th. It is an allied health profession that is concerned with the diagnosis and prevention of disease through the use of clinical laboratory investigations and findings. Medical technologists are an integral part of the medical profession. These professionals get involved in practical and technical work to aid in correct diagnosis and the effective functioning of Biochemical Laboratories.

Interested candidates can apply online at the ICRI India website. The candidate must pass class 12th with a minimum of 50% marks to apply for the courses. The admission process includes a mandatory entrance test conducted by ICRI. The shortlisted candidates must qualify for a final round of interviews conducted by ICRI. The last date to apply is 30th May 2023.

ICRI was established in 2004 for Indian students in the areas of futuristic careers offered by industries like Aviation, Logistics, Clinical Research & Healthcare, Psychology and Allied health through practical-oriented PhD/MBA/BBA/ MSc/ BSc courses along with a vision to bring an edge in education through providing practically oriented courses in partnership with leading hospitals. ICRI is the largest Institute in India that offers new-age careers with a 19000+ Alumni network.

Kanishk Dugal – COO of ICRI, said, “With the upcoming admissions, we are thrilled to welcome creative and intellectual minds to extend the Institute’s talent nexus. We pride ourselves on our cogent education plan, which focuses on two key areas – deep learning and career growth. It is our continuous endeavour to make students job-ready professionals in New Age sectors, and our campus placements are a strong reflection of the success of ICRI.”

New Delhi, 16th, May 2023:Patel Engineering Limited (NSE – PATELENG & BSE – 531120), one of the pioneers in integrated infrastructure and construction services in Indiahas announced its financial results for the quarter and year ended March 31, 2023.
Key Financials at a Glance:

                                                                                   Rs. In million

*not annualized

Rupen Patel, Chairman & Managing Director, Patel Engineering Limited said,“This year has been exciting with new projects coming onboard and taking our orderbook to an all-time high beyond Rs. 2,00,000 Mn. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment. I also like to thank all stakeholders for their trust in us on our recent successful Rights Issue. Moving forward we remain committed to achieving exponential developments in the infrastructure segment of the country contributing to the overall economic development.”

Commenting on the result, Ms. Kavita Shirvaikar, Director & CFO said, “I am extremely pleased to share the outstanding Q4 & FY 23 results we have achieved. The quarter has been incredible with the winning of water tunnel and irrigation projects in Maharashtra, Karnataka, and Madhya Pradesh. With such a steady stream of orders, we believe our revenue will increase significantly. Also,we continue with our efforts to monetize non-core assets and have reduced debt by more than Rs. 5,000 million in FY23 and we expect to continue further reduction in overall debt going forward.”

New Delhi, 16th  May 2023: Commemorating International Climate Day today, The Asian Venture Philanthropy Network (AVPN) – Asia’s largest network of social investors – has launched two new climate impact videos featuring members Axis Bank Foundation and ATE Chandra Foundation. The videos have been launched as part of AVPN’s Climate Impact Leaders video series, an initiative of AVPN’s Climate Action Platform 2.0. The Climate Action Platform aims to drive Asian leadership in the global climate agenda, channel more resources into climate action, and accelerate the global transition to a resilient, sustainable, positive future for all.

The next set of Climate Impact Leader videos shares insights into climate best practices from Dhruvi Shah, CEO, Axis Bank Foundation and Gayatri Nair Lobo, ATE Chandra Foundation in generating positive climate impact.

In the third video, Gayatri shares how ATE Chandra Foundation is scaling climate-positive solutions with tremendous support from Governments and local communities. These long-term solutions are being worked on at the intersection of climate and livelihoods, with a focus on farmers. She shares a rare insight into the challenges that the Foundation faced while deploying these solutions, especially when it came to the water rejuvenation system that they had created to tackle the water crisis in Rajasthan – and how they started inculcating farmers’ feedback in developing unique conservation models and systems.

In the fourth video, Dhruvi sheds light on the inception of Axis Bank Foundation’s Sustainable Livelihoods Programme, which since 2010 has been supporting rural families especially those who are small and marginal farmers, to enhance their income. She urges climate actors to be present, open, and listening to partners on-ground, while also negotiating for better outcomes for the community. She ends the video by requesting a call for collaborative action, where she states that networks like AVPN provide an opportunity for organisations and people to come together to have the hard talk and walk the hard talk.

On the occasion of International Climate Day and the launch of the videos for the Climate Impact Leaders series, Naina Subberwal Batra, CEO, AVPN said, “We are proud to capture the journey of India’s changemakers who have embraced the fight against climate change and integrated positive climate action into their business models. What we can all learn from them are exemplary models of tackling climate change with an intersectional lens – as climate change is disproportionately impacting areas spanning from healthcare to poverty alleviation. We hope by sharing these stories and various programme outcomes, we will be able to urge organisations to integrate a climate lens across their business models”.

The first two videos launched as part of the series last month on Earth Day featured the inspiring work of two foundations – Raintree Foundation and Rainmatter Foundation. Over the next few months, AVPN will launch their last set of videos as part of the series, in hope of influencing greater participation of philanthropy in India’s climate landscape.

May 16th, 2023: Coca-Cola India and Zepto announced the expansion of their successful, first-of-its-kind collaboration in India to reinforce their commitment to plastic circularity. The ‘Return and Recycle’ initiative was launched in November 2022 as a pilot project in select locations of Mumbai. The unique initiative established an organized process of collecting PET bottles with 100% traceability, to ensure effective plastic waste management. It received an overwhelming response from consumers with over 100kgs of PET bottles collected and recycled as a part of the 60-day pilot.

Zepto and Coca-Cola’s collaboration is driving the digitization of their collection strategy by leveraging e-commerce platforms. This move towards digitization not only makes the process more efficient but also raises consumer awareness about sustainable collection models, making them a key stakeholder in the journey towards sustainability.

The initiative will now be scaled with collection bins deployed across hundreds of Zepto delivery hubs in Delhi NCR, Mumbai, Bangalore, Hyderabad, Chennai, Pune, and Kolkata.

Commenting on the expansion of the initiative, Abhishek Gupta, Chief Customer Officer Coca-Cola India and Southwest Asia, said, “The success of Coca-Cola’s partnership with Zepto has been characterized by strong synergies in sustainability and social responsibility. We are delighted to extend the partnership to other cities, continuing our efforts towards plastic circularity. With the ‘return and recycle’ initiative across India, we are furthering the company’s global goal of creating a world without waste.” 

Coca-Cola India’s partnership with Zepto intends to create a circular economy for plastic by connecting all participants in the PET recycling value chain. Leveraging the Zepto two-wheeler distribution network, the “self-sustainable initiative” seeks to ‘collect’ empty PET bottles of any brand from consumers, which then goes to the recycler as a raw material The initiative also demonstrates Coca-Cola’s commitment towards the Government of India’s Swachh Bharat Mission which promotes recycling as one of its core principles. It further aims to encourage its consumers to recycle PET by raising awareness on the importance of recycling and its positive impact on the environment.

Vinay Dhanani, Chief Operations Officer at Zepto, said, “This collaboration has been an exciting opportunity to demonstrate the potential of new-age e-commerce beyond business. We are proud to have built an agile and efficient last-mile network that seamlessly extends itself to innovative initiatives like this. Our aim is to constantly innovate and embed sustainable practices in all areas of operations at Zepto. Be it route optimization, EV or bicycle-led deliveries, sustainable packaging, or reducing waste, we are committed to reducing our footprint and sharing our vision with brands and the Government of India.” 

Coca-Cola India and Zepto’s ‘Return and Recycle’ initiative aims to promote and build lasting sustainable behaviour and reduce the environmental impact of plastic waste through shared purpose. This programme further serves as a testimony of how joint brand collaborations can help in creating a culture of sustainability and responsible consumption.

This message contains information which may be confidential and privileged. Unless you are the intended recipient (or authorized to receive this message for the intended recipient), you may not use, copy, disseminate or disclose to anyone the message or any information contained in the message. If you have received the message in error, please advise the sender by reply e-mail, and delete the message. Thank you very much.

15 May 2023: Wockhardt Hospitals Nagpur is a leading healthcare provider with a tradition of care and innovation that makes this hospital a boon for patients in Central India. Wockhardt Hospitals Nagpur , which handles critical patients, successfully treated yet another critically ill 14 year old boy. Wockhardt Hospitals Nagpur again proved their mettle and saved the boy from being handicapped for the rest of life.

Master Pranav Thombare is a 14 year old boy living in Village near Akola. On the 3rd day after the Holi festival, he complained of weakness in his legs with pain. Thinking it to be a trivial complaint or the boy’s reluctance to go to school, parents sent him to school anyway and a few hours later they got a call from school that he had collapsed in his classroom and was unable to get up. Frantically, his parents went to see their only son and then to a local hospital where he was initially diagnosed with dehydration and syncope.

When he progressively worsened and started experiencing difficulty breathing, he was referred to Wockhardt hospitals Nagpur . Dr Amit Bhatti, who is the consultant neurologist and stroke specialist diagnosed him with a rare disease of nerves known as Guillain Barre syndrome aka GB syndrome in which there auto immune destruction of the myelin coating of nerves and sometimes even the peripheral nerves leading to inability of transmission of signals from brain to the muscles all over body.

When he came to hospital he was so weak, he could barely move his fingers and was not able to breath due to respiratory muscle paralysis. He was promptly intubated and put on a mechanical ventilator and was started on IVIG therapy which is immunoglobulin derived from pooled plasma of blood donors. To add to the complications, the patient had also developed an inability to swallow anything, even his own saliva, which led to development of aspiration pneumonia and sepsis.

Wockhardt Hospitals Nagpur multidisciplinary approach between neurology, intensive care and other departments , prompt initiation of therapy and with mechanical ventilation, he was initially stabilized and then over a period of next 4 weeks improved progressively where he is now independent for activities of daily living and able to walk with minimal support.

Dr Amit Bhatti said this is a very rare case but he is of the opinion that with good physiotherapy and neuro rehabilitation, he should be back to his previous physical level in a few months.

This case highlights the importance of early diagnosis and treatment initiation and multidisciplinary approach between neurology, intensive care and physiotherapy departments for better recovery because delay in initiation of immunotherapy may lead to permanent damage to peripheral nerves which at times may even be permanent and life-threatening. And this is where the hospitals approach helps to treat the patient successfully.

Dr. Amit Bhatti is a virtuoso clinical neurologist with further specialization in Intervention Neurological procedures and Stroke. He is an expert in the comprehensive care of patients with brain stroke and diseases related to the blood vessels of the brain. Apart from stroke, he is an expert in the management of various types of headaches, epilepsy, and Neuroimmunological disorders. He has a sharp research acumen and has many international and national research articles to his credit including the pioneering work on Indian pediatric stroke treatment using mechanical thrombectomy and rescue Stenting for brain strokes in adults.

Financial Performance

                                                                                                     INR in Crores

Financial Highlights

•  Net Revenue for FY23 increased by 46%.
•  Revenue from operations grew to INR 453 Cr in FY 23 as against INR 311 Cr in FY22
•  EBITDA grew by 22% to INR 172 Cr in FY23 as against INR 141 Cr in FY22
•  PBT for FY23 grew by 29% to INR 165 Cr as against INR 127 Cr in FY22
•  Profit after Tax for FY23 grew by 32% to INR 124 Cr as against INR 94 Cr in FY22

Bangalore, May 15, 2023: Canara Bank slashed the rate of Interest on Home loans & Vehicle loans for customers. Canara Bank is offering Home loan interest rates starting from 8.55% & Vehicle loan interest rates starting from 8.80%.

Bank is also providing the benefit of 100% documentation charges waiver and concession in processing charges to all customers irrespective of the loan amount. The reduced Rate of interest will help customers to fulfill their dreams of owning a house and car with lower EMI.

Mumbai, May 15, 2023: RBK Educational Institutions CBSE Schools, Mumbai & Gujarat is proud to announce 100% result in CBSE Class 10 board examinations, March 2023. Total 42 students secured above 90% percent this year in grade 10th in RBK Global School, Mumbai. Similarly, in RBK Hanumant High School, Mahuva, Gujarat 1 student secured above 90% this year in 10th board examination.

Students, who appeared for the examinations this year from RBK Educational Institutions CBSE Schools, Mumbai & Gujarat, displayed commendable performance. The school students 100% result is reflecting the highest quality of education provided with the help of well trained and qualified teachers in the most suitable learning environment.

In RBK Global School number of students appeared for this year grade 10th board exam were 135 out of which 42 students secured 90% and above in examination. In RBK Global School the highest scorers are Akshat Asati and Inaya Joad who secured 98%. While, Hriday Saraf, Yash Pandey and Shreya Prasad secured 97.8% in grade 10 board exam. Akshat Kedia, Hriday Saraf, Manthan Jain and Yash Pandey successfully scored 100 marks in Maths. Akshat Kedia again with another student Yash Pandey secured 100 marks in Social Science and Inaya Jaod, Krina Pardiwala and Krutika Agrawal secured 100 in Information Technology.

Similarly, in RBK Hanumant High School, Mahuva, Gujarat number of students appeared for grade 10th were 40 and 1 student secured 90% and above this year in grade 10th. In RBK Hanumant School Mahuva the highest scorers are Prasanna Satikuvar who secured 91.33%. Whereas, the other students who topped in school are Rudradattsinh Valla with 88.50%, Mishri Chhag – 87.50%, Nutvika Kalsariya – 87.17%, Riva Doshi – 86.33%, Takshil Madhwani – 86.50%, Dhwanit Padiya – 86.33%, Yashvi Doshi – 86.00%, Fazal Husain Naqvi – 81.00%, Nandani Dhrangdhriya – 80.67% in 10th board exam.

Commenting on the school’s successful results, Dr. Shitala Prabhu- Principal, RBK Global School, Bhayandar, said, “We owe these successful results to the unwavering dedication of our students, complemented by the invaluable support and guidance provided by our exceptional teachers. I extend my heartfelt congratulations to all my students for their outstanding performance. It brings me great satisfaction to witness our collective effort in nurturing the future leaders. While the overall CBSE results may have declined, our students have demonstrated their utmost commitment. This year marked the first occasion for this batch to face the 12th board exams after the pandemic, presenting them with formidable challenges. Nonetheless, numerous individuals have emerged triumphant, showcasing remarkable achievements.”

Echoing the sentiments of Dr. Shitala Prabhu, Mr. Rajesh Tiwari, Principal at RBK Hanumant High School, Mahuva, Gujarat, said,”We are delighted to announce that our grade 10th and 12th students have achieved remarkable success in their board exams, surpassing all expectations. Despite facing the challenge of taking physical board exams for the first time, their accomplishments are truly praiseworthy. The ongoing pandemic has undoubtedly impacted the overall pass percentage; however, we remain optimistic that this is merely a temporary setback. With confidence, we anticipate even better results in the coming year.”

The educational programme at RBK Educational Institutions not only provides academic expertise to students but also grooms them to meet the challenges of a dynamically changing world. The RBK Global School of Mumbai and RBK Hanumant High School, Mahuva, Gujarat offers CBSE education to students till grade 10th. Further, the State-of-the-art facilities like the ICT Lab with supervised Internet connectivity, science and math labs, classrooms that are conducive to learning, well-equipped library facilitating, interactive whiteboards and other audio-visual aids provided by the school supplement classroom teaching.