Archives July 2023

New Delhi,31st July 2023 Energy solutions company Sheru has announced the launch of EnergyBox, a battery charging dock designed to charge detachable e-2 wheeler batteries. The device is set to provide convenience to electric 2-wheeler users in charging batteries safely at home, as well as in providing power backup for homes.

With a number of EV players providing the option of removing the battery from the EV and charging it at home, the need for a device that provides safety and security in this process becomes necessary. Ebox (EnergyBox) is designed to ensure that users can place the battery in the box and not worry about the charging process.The device is also equipped with the technology to send power back to the home and power appliances, something that Sheru has previously demonstrated at grid scale as well. With time-of-day (ToD) tariffs being rolled out across India, Ebox would help users reduce their electricity bills by powering their homes during higher tariff hours.

“India’s EV journey is markedly different from that of other countries and we need to have tailored solutions to enable this. Our previous technologies such as combining V2G with battery swapping was one such innovation which is being implemented with power utilities. Ebox brings that technology to individual users to safely charge their EV batteries as well as use it to power their homes” said Ankit Mittal, CEO, Sheru.

Delhi, 31st July 2023 Anusha Technovision, a technology and innovation-driven company, elevates the bar for luxury living with its cutting-edge home automation and technology integration featured in its brand-new artwork, Bajaj Residence. This magnificent property exhibits a seamless mix of sophisticated furnishings and cutting-edge technologies, providing the prestigious Bajaj family with unsurpassed comfort, ease, and control.

The Pawan Bajaj Residence, which is located on the 32nd level of Kalpataru Avana, showcases the incredible realm of leading-edge home automation. An iPad is used to access the Crestron automation system, which provides sophisticated features that add to the luxurious experience. Home automation has been meticulously designed in order to provide exclusivity and a living experience that is unmatched in every way.A custom-designed user interface was provided for ease of use of all technology by ATPL.

The core of the automation system is Lutron’s comprehensive lighting and shade control, complemented by elegant Palladium controls. These intuitive controls effortlessly manage the mood, scenes, curtains, and roller shades throughout the house. Wireless sensors detect occupancy in bathrooms, instantly illuminating the space upon entry. The silent motors in Lutron shades efficiently block the sun’s rays, ensuring comfort. Seamlessly, the entire home can be controlled using iPads and iPhones, with personalized wireless Pico keypads matching client preferences. One of the non-novel aspects of lightning controls is that not only is the intensity of light controlled but also the color temperature of light can be changed from cool white to warm white depending upon the activity and the time of day.

The Forrest curtain motor with a specifically designed C pelmet in the master bedroom is a prominent feature, providing a magnificent Arabian Sea vista while preserving seclusion. Honeywell cameras provide 24/7 security, and the cutting-edge E-key allows effortless access with a finger scan, eliminating codes and cards. Furthermore, Sonance ceiling speakers positioned in every room provide a premium audio experience, with Russound technology allowing customized music in each room. The 7.1 Dolby Atmos home theatre system provides immersive sound, while the Triad LCR speaker ensures a powerful and authentic performance. Additionally, ubiquitous access points in the ceiling provide seamless Wi-Fi connectivity throughout the home.

The Bajaj Residence stands as a modern-day marvel of a tech-savvy home, where every need is met (answered) with a simple touch of a button.

Anusha Technovision’s managing director commented on their forward-thinking expedition, saying, “We have made great strides in our efforts to revolutionize the automation sector, and our main goal in doing so is to use technology to make people’s lives more convenient and comfortable”. The Bajaj residence is just another illustration of the services we have provided to this point and the quality that still continues to be maintained in the face of the market’s constantly shifting expectations, reinforcing the successes of our sector position.

Anusha Technovision is a renowned automation firm that specializes in user-controlled and convenient automated services. With over a decade of experience, they have gained recognition for their expertise in creating and implementing innovative technologies in India. Anusha Technovision is well-known for their high-quality goods and great customer service, having been the first distributor of Crestron Automation Systems and Lutron Lighting Control Systems in India.

Chennai 31st July 2023: Amidst an air of triumph and hope, Apollo Proton Cancer Centre (APCC) together with Apollo Cancer Centre (ACC) and Apollo Shine, to successfully host the second edition of ‘Winners on Wheels’ Cyclothon. The exceptional event was dedicated to accelerating awareness about Sarcoma, a type of cancer that predominantly affects children. The response from participants, spectators, and cancer warriors alike was nothing short of overwhelming, as they united with unwavering determination to make a difference.

Sarcoma, a rare and often misunderstood form of cancer, poses unique challenges to patients and their families. As a part of its ongoing commitment to supporting cancer warriors, Apollo Proton Cancer Centre along with Apollo Cancer Centre and Apollo Shine took the initiative to shed light on Sarcoma during the ‘Winners on Wheels’ Cyclothon with an aim to raise awareness and bring hope to those facing the complexities of this disease.

The inaugural edition of ‘Winners on Wheels’ in 2022 witnessed resounding success, with over 100 cyclists coming forward to support the cause alongside the brave cancer warriors. This year, the 5 km Cyclothon, flagged-off at APCC, focussed to spread the powerful message that “Cancer is Conquerable” with timely diagnosis and the right treatment. The inspiring event showcased sarcoma survivors leading the charge, symbolizing the indomitable spirit and resilience of those fighting cancer.

Renowned Film Director & Entrepreneur, Ms. Kiruthiga Udhayanidhi, flagged off the event, expressing her admiration for Apollo’s efforts. “It is heart-warming to witness the impact that Apollo is driving among the lives of cancer patients. I am humbled to be part of this noble initiative, and events like ‘Winners on Wheels’ inspire all to unite in the fight against cancer.”

Dr. Vishnu Ramanujan, Consultant – Musculoskeletal Oncology, said, ” Sarcoma is a complex and less common type of cancer, especially in children, which makes it crucial for us to enhance awareness and understanding about the condition. Through the ‘Winners on Wheels’ Cyclothon, we aim to break the silence surrounding Sarcoma and provide a platform for survivors to share their inspiring stories of courage and tenacity.”

Speaking at the event, Mr. Harshad Reddy, Director Group Oncology & International, emphasized, “At Apollo Proton Cancer Centre and Apollo Cancer Centre, we firmly believe in supporting cancer warriors at every stage of their journey. The ‘Winners on Wheels’ Cyclothon provides a platform to raise awareness about sarcoma and offer hope to those facing the challenges of this disease.”

The ‘Winners on Wheels’ Cyclothon 2023 was a triumphant achievement, with enthusiastic participation from over 300 cyclists, including sarcoma survivors, medical staff, students, and members of the community. The unity displayed by the dedicated medical professionals and cancer warriors, demonstrated commitment towards the fight against cancer. By coming together as a community it has strengthened the belief that cancer is conquerable and that there is a bright future beyond sarcoma.

New Delhi, India – The All India Institute of Occult Science, a prestigious institution dedicated to promoting ancient Vedic sciences and spiritual wisdom, organized its 19th Convocation Ceremony. It was a grand event in which more than 520 students all across the world were honored by their successful course certifications, and the good scorers received respective awards and medals, which were given by our honorable chief guests and celebrities.

Among these countless pupils were several who belonged to the BPL; despite having fewer resources, they were nonetheless honored with diplomas, honors, and medals.

The Convocation Ceremony held special significance as it marked a momentous occasion for the All India Institute of Occult Science and, recognized the achievements and dedication of its exceptional students, who come from diverse backgrounds encompassing Defense, administration, doctors, and engineers.

The entire Ceremony became more graceful in the presence of the respected Chief Guests including esteemed Ministers and Members of Parliament, who had kindly consented to grace the event with their presence, they include Vijay Goel, Dharamvir Sharma, Kaushal Kishor, Janardan Singh Sigiriwal, Gopal rai, Ram Kripalu Yadav

The convocation ceremony began with the lighting of a lamp. A welcome speech was given about each guest who arrived at the venue. The event began with the speech of chairman and founder, Gurudev Shrie Kashyap, who showered his blessings over the students and wished them a great future.

Gurudev Shrie Kashyap, Chairman and Founder of All India Institute of Occult Science addressed students and said: “I am glad to have such esteemed students who, with their hard work and wisdom were able to achieve their course completion certificate. I’m so obliged that I was able to transmit vedic knowledge and they grasped it with such brilliance.”

The convocation ceremony was such a wonderful event. It included celebrating and awarding the success of students trained in occult subjects, belonging to various disciplines like military, government, medicine, and many others. The event was held to show the physical representation of the institute’s commitment to developing and supporting students for their future.

The chief guest gave a speech and explained the importance of education, emphasizing how education and training can bring change in society. The other guests also shared their life experiences and explained the importance of education. Celebrities are entertained by their humor and stories related to success.

The event concluded with a heartwarming ceremony of distributing certificates and awards to the graduates, recognizing their dedication and accomplishments. With a newfound sense of purpose and determination, the graduates stepped into the world, ready to make a positive impact and carry forward the institute’s legacy of ancient wisdom and Vedic knowledge.

Hyderabad: 31st July 2023 Freedom Healthy Cooking Oils unveiled the new ‘Freedom Catch the Masala’ promotional offer to its customers. In the Freedom Catch the Masala offer, for every purchase of 1 Litre pouch/bottle of Freedom Refined Sunflower Oil the customer will get 1 Catch Garam Masala pack worth Rs. 10 free.

Freedom Refined Sunflower oil is fortified with Vitamins A & D. It is also rich in naturally occurring Vitamin E. It is thus a healthier choice for the entire family. Freedom is a leading brand of Sunflower oil and currently ranks No. 1 by market share in the Sunflower Oil category in India. (Source: Nielsen MAT March 2022).

According to Mr. P. Chandra Shekhara Reddy, Senior Vice President – Sales & Marketing, Freedom Healthy Cooking Oils said, ”We are pleased to announce the new Freedom Catch the Masala offer where 1 packet of Catch Garam Masala will be given free with every 1 Litre (pouch/bottle) of Freedom Refined Sunflower Oil. We always explore avenues to create and maintain consumer excitement by enhancing customer value. With Freedom Catch the Masala offer we hope that the customers will get the Freedom to eat, Freedom to enjoy.”

Students of Class IV B at MRG School organized a compelling and thought-provoking assembly centered on the theme of “Child Rights and Gender Equality.” The initiative aimed to raise awareness about the challenges faced by children, particularly girls, and the importance of safeguarding their rights. The assembly effectively shed light on prevalent gender stereotypes while highlighting government initiatives that play a crucial role in protecting child rights and fostering gender equality.

Through engaging discussions and impactful visual content, the students sensitized their peers and educators about dismantling societal biases and empowering every individual. The faculty and administration wholeheartedly supported the students’ endeavor, recognizing the importance of nurturing young minds to become agents of positive change in society. They praised the students’ dedication and passion for addressing pertinent issues and encouraged the entire school community to actively participate in creating a more inclusive and equitable environment.

Ms. Anshu Mittal, Principal, MRG School, expressed her appreciation for the student’s efforts, stating, “The special assembly on ‘Child Rights and Gender Equality’ organised by the students was truly inspiring. It is heartwarming to see our young learners engage with such crucial topics and actively advocate for equality and justice. We believe in nurturing compassionate and responsible individuals who will contribute to building a better world. This assembly reflects our commitment to instilling values of empathy and social responsibility in our students.”

The assembly concluded with a resounding message of unity and hope for a better future, emphasizing that each individual’s contribution, no matter how small, can significantly impact creating a more inclusive and just society.

The anticipation for the 2023 ODI World Cup has reached a fever pitch as cricket fans around the globe eagerly await the spectacle of talent, passion, and national pride. India, a nation with an insatiable appetite for cricket, is set to host the extravaganza, captivating billions of fans worldwide. In a special preview of the tournament, Cricket Maestro Eoin Morgan, the 2019 ODI World Cup-winning captain, shared his views and predictions in an exclusive interview with Digvijay Singh Deo, Sports Editor of WION.

Speaking to WION Sports Editor Digvijay Singh Deo, Eoin Morgan identified India as the favourites to clinch victory in their home conditions. Morgan acknowledged the exceptional growth and popularity of the game, predicting that ODI Cricket might eventually be limited to World Cup events. Highlighting the pressure faced by the 50-over format, he said, “The cricketing landscape is gradually shifting towards more T20 cricket, with the Future Tours Programme (FTP) reflecting this trend.”

Eoin Morgan lauded the Indian cricket team and said, “The enthusiasm and passion displayed by Indian fans are unparalleled, which makes this special. The team has formidable skills, and can, indeed, be strong contenders in the upcoming World Cup. They also need to engage with and learn from the experiences of those who participated in the 2011 World Cup.”

Identifying the top contenders for the 2023 ODI World Cup, Eoin Morgan singled out England, India, Australia, and Pakistan as the four favourites. Expressing his views on the Olympics, Morgan further suggested, “The 2023 ODI World Cup presents a golden opportunity for players to leave an indelible mark on the cricketing world. In fact, the T10 format should also be considered, allowing cricket to expand its reach and inclusivity.”

Known for its fervent cricket fans, the World Cup is a momentous occasion for the country. The upcoming 2023 Cricket World Cup is poised to be a celebration of cricketing excellence, sportsmanship, and camaraderie.

“For some, the World Cup will be the stage to announce their arrival at the grandest level, while for others, it might mark the end of illustrious careers,” added Morgan.

The Shri Ram Wonder Years, Rohini Sector 13, celebrated Daddy Day with a heartwarming event, ‘Window into the Classroom’. This special initiative, held from 24th July to 28th July, 2023, offered fathers a unique opportunity to experience their child’s school routine. Fathers accompanied their children to classes during the event, engaging in interactive learning activities and witnessing the teaching and learning process.

The immersive experience provided fathers with a deeper understanding of their child’s education and strengthened the bond between fathers, children, and the school community. Through diverse activities, such as PE activities, Art & Craft, Loose Parts Play, Circle Time, and Free Play with TLMs, fathers actively participated in their child’s learning journey, contributing to their overall growth and development.

“We believe that an involved parent is an asset to a child’s education. The ‘Window into the Classroom’ event reflects our strong belief in strengthening the three-way handshake between students, teachers, and parents. By inviting fathers to be a part of our school day, we aim to empower parents in their child’s learning journey,” said Ms. Shubhi Soni, Principal, The Shri Ram Wonder Years.

The event exemplified the school’s commitment to creating a supportive and inclusive environment that fosters collaboration between parents and educators. The Shri Ram Wonder Years School remains dedicated to promoting meaningful parent engagement, recognising that parents and educators can create a strong foundation for children’s future success.

Hyderabad/NEW DELHI /31st July 2023 – Each year, on the occasion of JRD Tata’s birth anniversary, Tata Group companies come together to celebrate the legacy of the visionary leader. This year, Tata 1mg Labs is launching a crucial campaign to raise Anemia awareness in India and offer vital health support to those in need. As a tribute to JRD Tata’s unwavering commitment to a healthier nation, they will conduct 10,000 free Anemia tests for women and children, ensuring a better and healthier future for them.

Anemia, a condition characterized by low hemoglobin levels, primarily caused by iron deficiency, poses a significant health challenge, leading to chronic weakness and fatigue. In India, a staggering 57% of women aged 15-49 years are anemic, forming a substantial proportion of the global Anemia-affected population. An alarming contributing factor to this issue is the lack of visibility of Anemia, especially among females.

The Tata 1mg Labs Anemia Screening Campaign aims to build awareness about timely testing by conducting 10,000 free tests for women and children residing in underprivileged areas. The initiative will focus on early detection and timely medical intervention to combat Anemia’s detrimental effects on affected patients.

To ensure the success and reach of this life-transforming campaign, Tata 1mg Labs will be joining hands with multiple NGOs. Through these partnerships, the Anemia screening tests will be conducted via a series of camps held over the next two quarters across multiple cities, bringing essential healthcare services closer to those in need.

Gaurav Agarwal, Co-Founder, Tata 1mg, expressed his thoughts about the campaign, stating, “Anemia has emerged as a critical health concern for our nation. The Anemia rate among women and children in India surpasses the global average. By conducting these screening tests for the more vulnerable population and providing them with holistic treatment and prevention, we hope to make a tangible impact on the lives of 10,000 people.”

The Tata 1mg Labs Anemia Awareness Campaign is a heartfelt tribute to the values cherished by JRD Tata, and it epitomizes the group’s commitment to giving back to society. Through this initiative, Tata 1mg Labs aims to contribute to a healthier nation, fulfilling its brand promise of making healthcare accessible, affordable and understandable, with utmost dedication and care.

New Delhi, 31stJuly 2023 The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the Quarter ended June 30, 2023, at their meeting held on Friday, July 28, 2023.

Performance Highlights Q1 FY24

• Total Revenue increasedby 24% YoY at₹4,046 Crin Q1 FY24v/s ₹3,263 Cr in Q1FY23
• PAT decreased by 5% YoY at ₹593 Cr in Q1 FY24 v/s ₹627 Cr in Q1FY23
• ROAA at 5.1% in Q1 FY24 v/s 7.0% in Q1FY23
• ROAE at 23.3% in Q1 FY24 v/s 30.8% in Q1FY23
• Capital Adequacy Ratio at 22.9%; Tier 1 at 20.3%

Business Highlights

•  New accounts volume at 1,097K in Q1 FY24 up by 22% v/s 902K new accounts in Q1FY23
• Card-in-force grew by 21% YoYat 1.73 Cr as of Q1FY24 v/s 1.43 Cr as of Q1FY23
• Spends grew by 24% YoY at ₹73,913Cr inQ1FY24v/s ₹59,671 Cr inQ1FY23
• Receivables grew by 30% YoY at₹43,271 Cr inQ1FY24 v/s ₹33,215 Cr inQ1FY23
• Market share for Q1 FY24 Card-in-force is at 19.6% (Q1 FY23: 18.2%), Spends is at 17.8% (Q1 FY23: 18.2%); #2 for both, Cards-in-force and spends, in industry.

 Profit & Loss Account for the Quarter ended June 30, 2023

•  Total income increased by 24% at₹4,046 Cr inQ1FY24 v/s ₹3,263 Cr This movement was a result of the following key factors:
• • Interest income increased by 30% at₹1,804 Cr inQ1FY24 v/s ₹1,387 Cr inQ1FY23
  • Fees and commission income increased by 23%at ₹1,898 Cr inQ1FY24 v/s ₹ 1,538 Cr inQ1FY23
• Finance costs increased by 85% at₹571 Cr inQ1FY24v/s₹308 Cr inQ1FY23
• Total Operating cost increased by 18% at ₹1,960 Cr inQ1FY24from ₹1,663 Cr inQ1FY23
• Earnings before credit costs increased by 17% at ₹1,515 Cr inQ1FY24 v/s ₹1,291 Cr inQ1FY23
• Impairment losses & bad debts expenses increased by 60% at ₹719 Cr inQ1FY24 v/s₹450Cr inQ1FY23
• Profit after tax decreased by5% at ₹593 Cr inQ1FY24 v/s ₹627 Cr inQ1FY23

 Balance Sheet as of June 30, 2023

 Total Balance Sheet size as of June 30, 2023, was ₹47,916 Cr as against ₹45,546 Cr as of March 31, 2023

• Total Gross Advances (Credit card receivables) as of June 30, 2023, were ₹43,271 Cr, as against ₹40,722 Cr as of March 31, 2023
• Net worth as of June 30, 2023, was ₹10,496 Cr as against ₹9,902 Cr as of March 31, 2023

 Asset Quality

 The Gross non-performing assets were at 2.41% of gross advances as ofJune 30, 2023, as against 2.24% as of June 30, 2022. Net non-performing assets were at 0.89% as ofJune 30, 2023,as against 0.79% as ofJune 30, 2022.

Capital Adequacy

As per the capital adequacy norms issued by the RBI, the Company’s capital-to-risk ratio consisting of Tier I and Tier II capital should not be less than 15% of its aggregate risk-weighted assets on – balance sheet and of risk-adjusted value of off-balance sheet items. As of June 30, 2023, Company’s CRAR was 22.9% compared to 24.7% as of June 30, 2022.

The Tier I capital in respect of an NBFC-ND-SI, at any point of time, can’t be less than 10%. The company’s Tier I capital was 20.3% as of June 30, 2023, compared to 21.5% as of June 30, 2022.

Rating

CRISIL Long Term         –              AAA/Stable

CRISIL Short Term        –              A1+

ICRA Long Term            –              AAA/Stable

ICRA Short Term           –              A1+

 Summary Profit and Loss Statement (₹Cr)

 Summary Balance Sheet (₹ Cr)