Archives August 2023

Zonal Level Convention Addresses Challenges Faced by Pastoral Communities in Eastern India

Ranchi, 21 August 2023: – Two-day zonal convention on “Rights of Pastoral Community” under the theme “Sheepherders as Climate Justice Activists!” concluded at the Press Club in Ranchi today. SAMVAD, a grassroots civil society organization and ActionAid Association organized the meeting to highlight the unique challenges pastoral communities face in Eastern India.

Esteemed speakers, including members of pastoral communities, government officials and subject experts, convened to discuss and debate the invaluable experiences and multifaceted challenges pastoralists face. These discussions aimed to chart a path towards solutions tailored to the unique needs of these communities.

Shankar Bhagat, a pastoralist from Raniganj, West Bengal, highlighted his challenges in sheep rearing and the generational shift in preferences, as the youth are less inclined to engage in pastoralism. Abhimanyu Bhagat from the same region emphasized the shortage and inadequacy of government incentives and how economic hardship forced some pastoralists to abandon their traditional work. Sabar M Debasi, a pastoralist from Rajasthan, also shared his challenging first-hand experiences as a sheepherder.

Sandeep Chachra, Executive Director of ActionAid Association, shared alarming statistics concerning grazing lands. “Over the last 15 years, grazing lands have been diminished by 31 per cent,” he disclosed. Climate change is a driving force behind these changes, creating disparities for livestock and affecting market conditions. Sandeep highlighted the challenging reality that pastoral communities face as climate justice advocates and the need for collaborative efforts to address this. He reiterated the aspiration to extend the reach of this initiative to the village level across states, as well as the need to involve youth in the process.

Ghanshyam, Director of SAMVAD, Jharkhand, brought attention to the community-oriented features of pastoralism. He asserted that “pasture is not a caste; it is a community with collective feelings and living patterns. These communities operated based on scientific principles that deserve understanding, recognition and documentation.” Ghanshyam’s words remind us of the rich cultural fabric that pastoralists contribute to society.

Sudhir Pal, an activist specializing in animal husbandry, took the stage to emphasize the significant challenge of pastoralists’ invisibility within policy-making circles. His words drew attention to the unfortunate consequences of this neglect: the lack of policy interventions that could uplift and support pastoral communities. His statement resonated as a stark reminder that pastoralists often find themselves overlooked in policy discussion and formulation. Sudhir’s assertion serves as a call to action for policymakers, urging them to acknowledge the vital role of pastoralists and the urgent need for targeted interventions to empower and uplift these communities.

Ms C. Thakur, Research Scholar, shared key findings from her study on pastoral communities, poised to shape the discourse around the communities’ challenges and rights. Her dedication to capturing the essence of pastoralism contributes significantly to fostering awareness and informed dialogue on these vital topics.

Debabrat Patra, Zonal Director, East Zone, ActionAid Association, underscored the significance of pastoral communities’ contributions to the ecosystem. He shed light on how pastoral communities enhance soil productivity through their livestock’s manure, emphasizing pastoralists’ vital role in maintaining the genetic diversity of approximately 50 million livestock under their care. Debabrat remarked that by safeguarding pastoral communities and recognizing their essential contributions, we are equipping ourselves to combat climate change more effectively.

Saurabh Kumar, Regional Manager of ActionAid Association, leading work in Bihar, Jharkhand and Chhattisgarh, emphasized the pressing need to balance environmental conservation efforts with the space required for pastoralists’ livelihoods. In his poignant words, “We can make an elephant corridor – a passage marked by the government to allow the passage of elephants, but we must also ensure adequate space for livestock and the people caring for them.”

India is home to a thriving community of pastoralists whose lifestyles represent one of the oldest and most sustainable systems. These herders practice mobility, moving their livestock from one climatic region to another every year in search of adequate food, suitable pastures and grasslands. Livestock rearing yields essential resources such as milk, meat, leather and wool, with the latter often being exported. Remarkably, women pastoralists play a pivotal role in collecting sheep’s wool for producing warm clothing and blankets. Additionally, pastoralists contribute significantly to conserving biodiversity and maintaining domestic animal diversity.

In the eastern Indian states of Bihar, Jharkhand, Odisha, Chhattisgarh and West Bengal, more than 2.5 million people from diverse communities rely on sheep rearing to sustain their livelihoods. These nomadic pastoralists traverse with their animals, encountering challenges such as limited resources, shifting climatic conditions, and restrictions on entering forest and grazing lands. Furthermore, pastoral communities are not uniform and experience a myriad of identifications in the state as they are not officially recognized as “pastoralists” by the government. In some states, they are recognized as scheduled castes, while in others, they are deemed as other backward classes. They are marginalized communities with difficulty accessing basic amenities such as drinking water, shelter, medicine, education and health services. As nomadic, they also face problems accessing social security and other entitlement services. Furthermore, pastoralists do not receive grazing rights under the Forest Rights Act, and government veterinary services often do not reach migratory communities.

It was in recognition of the diversity within pastoral communities and the pressing need to make them the true custodians of ecological justice that SAMVAD and ActionAid Association hosted the Zonal Level Convention.

Lexar launches Professional 1800x SDXC UHS-II Card GOLD Series in the Indian market

New Delhi, 22nd August 2023: Lexar, a leading global brand in flash memory solutions, recently announced the launch of the Lexar® Professional 1800x SDHC/SDXC™ UHS-II Card GOLD Series in the Indian market. Engineered for photographers, videographers, and digital content creators, this card sets a new benchmark for high-speed performance and durability with a read speed of 280 MB/s.

This high-performance card boasts the highest UHS Speed Class rating of 3 (U3) and a V rating of 60, guaranteeing a minimum speed of 60 MB/s second, making it ideal for shooting 4k Quality videos and pictures with immaculate details. Sequential burst shots will be much faster, smoother, and simpler with such a high-speed performance offering of 210 MB/s.

More importantly, the Lexar® Professional 1800x SDHC/SDXC™ UHS-II Card GOLD Series minimizes internal buffers in file transfer. Its cutting-edge technology offers a transfer speed of 280 MB/s allowing you to transfer your raw pictures and videos within a matter of minutes for the post-production process, thereby giving you more time to invest in creation and mastering your skills.

With the latest innovation from Lexar, users can hope to shoot and capture from anywhere, anytime. Flash memory technology is vulnerable to data corruption when exposed to heat, or water, but thanks to Lexar 1800x’s rugged design and quality build, the card is waterproof and has the capacity to stand against temperature extremes, allowing professionals to work in the harshest conditions, be it under water or on top of a volcano or mountain. Furthermore, it’s X-ray proof, so one can travel without worrying about damage from security machines.

Professional 1800x SDXC™ UHS-II Card GOLD Series (quick specifications)

  • Speed up to 280MB/s read, up to 210MB/s write (64-128GB), up to 280MB/s read, up to 205MB/s write 256-512GB)
  • Capacity: 64GB, 128GB, 256GB, 512GB
  • Interface: UHS-II
  • Operating Temperature: 0℃ to 70℃ (32℉ to 158℉)
  • Storage Temperature: -25℃ to 85℃ (-13℉ to 185℉)
  • Dimension: 32mm x 24mm x 2.1mm / 1.25”x 0.95”x 0.08”
  • Weight: 2.0g / 0.004lbs
  • Warranty: Limited lifetime warranty

In addition to high-speed, it also offers storage capacity ranging from 64GB to 512GB, giving users enough space to capture long hours of 4k UHD and FHD videos seamlessly at high frame rates. The company also claims that the cards are backwards compatible with UHS-I devices, performing up to the maximum thresholds of UHS-I speed capabilities.

The Lexar Professional 1800x SDXC™ UHS-II Card GOLD Series is now available at leading retailers and online stores in India and pricing starting at at Rs. 3,500 for 64GB, Rs. 5,900 for 128GB, Rs. 11,000 for 256GB, and Rs. 24,000 for 512GB.

Celebrating Innovators and Visionaries: Entrepreneurs Day

In the ever-evolving landscape of technology, where groundbreaking ideas are transforming the way we live, work, and connect, a special day emerges to honor those who dare to dream and disrupt. Entrepreneurs Day stands as a tribute to the brilliant minds who drive innovation forward, leveraging their ingenuity to bring about solutions that revolutionize industries and enhance human experiences. This day not only celebrates their achievements but also acknowledges the challenges they navigate, the risks they undertake, and the relentless spirit that propels them to create the future. As we observe Entrepreneurs Day, we recognize the indispensable role these trailblazers play in shaping the world through their unwavering commitment to pushing the boundaries of what is possible in the realms of technology and business, here’s what the tech entrepreneurs have to say:

Sameer Aggarwal, CEO Revfin, India’s leading EV finance company.

Being an entrepreneur in India today is both challenging and exhilarating. The ever-evolving business landscape, regulatory dynamics, and market complexities demand constant adaptation and innovation. Navigating through these hurdles requires a potent blend of resilience, resourcefulness, and relentless pursuit of one’s vision.

On this Entrepreneurs Day, let’s celebrate the spirit of individuals like Sameer Aggarwal, who exemplify the true essence of entrepreneurship. With his insightful leadership and unwavering determination, Sameer has not only embraced the challenges but turned them into opportunities for growth. His journey inspires us to fearlessly chase our dreams, transform obstacles into stepping stones, and contribute to India’s dynamic entrepreneurial ecosystem.

Entrepreneurship is a transformative journey of turning possibilities into reality. Today’s challenges mold tomorrow’s successes. Happy Entrepreneurs Day!

Sandeep Agrawal Director Teamlease Regtech, India’s leading regulatory solutions company

The 21st-century Indian entrepreneur does not wait for the right moment or opportunity. They shape their future with their own hands and perseverance. However, a business-conducive environment can be the difference between prolonged periods of struggle and plain sailing. The regulatory environment is fraught with microscopic prescriptions that do not allow much leeway to the employer and end up tying their hands down. With the ease of doing business becoming a central theme, there have been several positive developments, but this is a long road. From rationalising business laws to introducing digitisation and removing criminalisation, much needs to be done to empower entrepreneurs to engage in nation-building. –

Krish Ramineni CEO at Fireflies.ai, A generative AI startup known for its AI notetaker & meeting assistant

The bar for Saas entrepreneurs in India has always been very high. They have to go global from day 1. B2B is growing but not the size of the B2C market so it is harder to get off the ground. More traction and capital efficiency is needed especially supporting SMEs.

Prateek Maheshwari, Co-founder at Physics Wallah, India’s leading edtech platform

Being an entrepreneur in any country has its challenges, and India is no exception. According to me entrepreneurship is a tough yet exciting journey filled with uncertainties. As an entrepreneur, one is often unsure of how the product will be received, how to manage a team, and where to secure funds. However, despite these challenges, India is currently one of the best countries to embark on an entrepreneurial journey.

India’s economy is highly supportive of entrepreneurship, with a domestic market that boasts a record-high consumption rate. Moreover, the government is actively taking steps to foster an entrepreneurial ecosystem, providing support and incentives for startups. This favorable environment makes India an ideal place to kickstart a new venture or startup.

While the path of an entrepreneur is undoubtedly challenging, the opportunities in India are abundant. The support available, both from the economy and the government, can greatly enhance the chances of success. I would like to encourage aspiring entrepreneurs to consider India as a favorable destination for their entrepreneurial aspirations.

Shemaroo TV Presents Tulsi Dham Ke Laddoo Gopal

Shemaroo TV Presents Tulsi Dham Ke Laddoo Gopal

The timeless tales of Lord Shri Krishna have etched an indelible mark in the hearts of viewers worldwide through numerous television portrayals. The myriad personas of Krishna – Bal Gopal, Kanha, Kanhaiya, Muralidhar, Nandlala, Gopala, and Laddoo Gopal – have continuously captivated audiences. Laddoo Gopal holds a special place in the hearts of devotees due to his charming nature. Many see him as the God closest to their heart due to the intimate and personal connection they feel with him. Building on this rich legacy, Shemaroo TV ventures into uncharted territory with its debut original socio-mytho show, ‘Tulsi Dham Ke Laddoo Gopal,’ highlighting these cultural connections and emotional resonances. The show will capture an exceptional bond between a devotee named Tulsi and her cherished playful and innocent deity, Laddoo Gopal. Starring Akshita Mudgal as Tulsi, Het Makwana as Laddoo Gopal and Dayashankar Pandey as Pundit Radheshyam in the lead roles, ‘Tulsi Dham Ke Laddoo Gopal’ premieres from 21st August 2023 from Monday to Saturday at 8 PM.

‘Tulsi Dham Ke Laddoo Gopal,’ promises a one-of-a-kind and enchanting experience for viewers, transcending the ordinary into the realm of the divine. Tulsi holds a unique place as Laddoo Gopal’s unwavering devotee, being the sole individual with the divine ability to perceive his presence. In a world where his existence remains invisible to all others, Laddoo Gopal becomes her guiding light, her saviour through every twist of fate. The narrative unfolds against the picturesque backdrop of Mathura, revolving around Tulsi and her family who are fervent devotees of Laddoo Gopal, interwoven with Tulsi’s relentless battle against her malevolent in-laws.

Will Tulsi’s faith in Laddoo Gopal falter amidst adversity, or will her unshakable devotion serve as a guiding beacon through the storm? ‘Tulsi Dham Ke Laddoo Gopal’ weaves a mesmerizing tapestry of emotions, faith, and resilience that is certain to leave viewers spellbound.

Lead actress Akshita Mudgal, portraying the role of Tulsi, expressed her enthusiasm, stating, “For me, stepping into this extraordinary role feels like destiny has chosen me itself! Growing up in Agra, where every mother affectionately addresses her child as ‘Lalla,’ much like Mother Yashoda with her beloved Laddoo Gopal, I feel an intensely profound connection with him. It’s an honour to embody a character that resonates so deeply with my heart. As I bring Tulsi to life, I can already sense the devotion and love she holds for Laddoo Gopal. I am confident that Tulsi’s devotional journey will resonate with viewers and leave them mesmerized. Hope the audience watches us on Shemaroo TV. “

Seasoned actor Dayashankar Pandey, added, ” When I was offered this role, I was captivated by the concept of the show, and instantly gave it a nod. The tales of Laddoo Gopal have always fascinated me, and I found myself engrossed in reading several stories about him while preparing for the character. This is a story that is close to my heart, another reason to say yes was I love to chant Radhe Radhe and while doing this show I will be on the path of Dharam while I am doing my job. I’m glad to be a part of the show on Shemaroo TV. Portraying the character of Pandit Shayamsunder is an experience I cherish, and I can’t wait for people to get enchanted with this one-of-its-kind heartwarming story.”

Child artist Het Makwana, who plays Laddoo Gopal, expressed, “I am very happy to play this character. For me, this character is very different from the previous characters I have played. When I dress up as Laddoo Gopal, I feel closer to him. It is an amazing feeling as many people share a secret friendship with Laddoo Gopal in their hearts, and I get to bring that connection to life. I get to hear so many fascinating stories related to Laddoo Gopal, and I’m learning a lot from this role. I’m excited to see myself on screen as Laddoo Gopal and see how people react to it.”

A unique blend of devotion, love, and faith, Tulsi Dham Ke Laddoo Gopal, will take viewers on an unforgettable spiritual expedition. Witness the soul-stirring journey of Tulsi and her Laddoo Gopal on Shemaroo TV starting 21st August 2023 from Monday to Saturday at 8 PM. Embark on an extraordinary tale of steadfast faith and devotion that is certain to resonate with hearts far and wide.

E2E Networks Ltd. Achieves Remarkable Q1FY24 Growth as Revenue Soars by 30 percent, PAT Surges 175 percent

India, 22nd August 2023: E2E Networks Ltd (NSE: E2E) India’s fastest-growing accelerated cloud computing platform, announced its financial results for the quarter ending June, 30, 2023 (Q1FY24). The company reported robust performance and significant growth across key financial metrics. During the quarter, the company’s consolidated Net Revenue increased by approximately 29.75% year-over-year to reach Rs. 19.81 Cr.

EBITDA margin was 52.82% and Profit After Tax was Rs. 6.97 Cr a growth of 173% over the same period last year. The company’s consistent outstanding achievements across a range of metrics reflect its steadfast commitment to advancing and excelling within the cloud computing industry.

Consolidated Financial Highlights – Q1FY24

Particulars Q1FY24

₹. in crores

Q4FY23

₹. in crores

Change Q-o-Q % Q1FY23

₹. in crores

Change Y-o-Y%
Revenue 19.81 17.98 10% 15.28 30%
PBT 8.53 3.26 162% 3.49 144%
PBTMargin (%) 43.06% 18.13%   22.84%  
PAT 6.97 2.53 175% 2.55 173%
PAT Margin (%) 35.18% 14.07%   16.69%  

Commenting on the Company’s performance, Megha Raheja, Chief Financial Officer at E2E Networks Limited said, “We are delighted to share our exceptional quarterly results, which underscore our unwavering commitment to innovation, strategic planning, and customer-centric focus. These achievements reflect the collective efforts of our dedicated team and the steadfast trust of our valued customers. As we navigate a dynamic business landscape, these results reinforce our position as a leader in cloud computing industry and motivate us to continually raise the bar.”

Mr. Amitabh Kant, G-20 Sherpa, Government of India to present 14th Social Entrepreneur of the Year Award India, 2023

The Jubilant Bhartia Foundation

22nd August 2023- The Jubilant Bhartia Foundation and the Schwab Foundation for Social Entrepreneurship, the sister organization of the World Economic Forum, are pleased to announce that Mr. Amitabh Kant, G-20 Sherpa, Government of India will be the Chief Guest at the 14th Social Entrepreneur of the Year Award India, 2023 on August 25, 2023. The award will be presented by Mr. Kant at a ceremony in New Delhi amongst distinguished global leaders and representatives from various sectors gathered to celebrate the spirit of social entrepreneurship. This year, the award ceremony is being held on the side-lines of B-20.

The winner of this year’s Social Entrepreneur of the Year Award India, 2023 will be chosen by a distinguished jury comprised of industry stalwarts and eminent personalities from different backgrounds.

The winner will be selected from amongst the four high-impact social innovators as finalists.

These four social innovators have been selected after an extensive selection process based on parameters such as the organization’s orientation towards addressing social inequalities, exclusion and marginalization; uniqueness of the social model, ability to create sustainable systemic level changes and demonstrated social impact:

  1.  Dr. Aparna Hegde from ARMMAN, Mumbai – ARMMAN leverages mHealth to create cost-effective, scalable, gender-sensitive, non-linear, systemic solutions to improve access of pregnant women and mothers to preventive information and services along with training health workers to reduce maternal and child mortality/morbidity.
  2.  Ms. Bijal Brahmbhatt from Mahila Housing Sewa Trust, Ahmedabad – Aimed at improving the habitat of poor women from the informal sector in cities, MHT invests in women’s collectives and leadership that advances a constructive dialogue and responsible urban development.
  3.  Mr. Dhimant Parekh & Ms Anuradha Parekh from The Better India, Bengaluru – The Better India (TBI) ushered a whole new positive movement in the country – by using the power of stories to effect large-scale social impact.
  4.  Dr. Shuchin Bajaj from Ujala Cygnus Healthcare, New Delhi – Ujala Cygnus through its chain of low-budget-and-patient-friendly-tertiary-care hospitals is enabling access to high-quality integrated healthcare infrastructure and services for underserved communities.

Vishnu Prakash R Punglia Limited’s Initial Public Offering to open on Thursday, August 24, 2023, sets the price band at ₹94 to ₹99 per Equity Share

Vishnu Prakash R Punglia Limited

Mumbai, ,22nd August 2023:Jodhpur-based Vishnu Prakash R Punglia Limited is an integrated Engineering, Procurement and Construction (“EPC”) company, which specializes in water supply projects (WSP) has fixed the price band at ₹94to ₹99per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Thursday, August 24, 2023, for subscription and closes on Monday, August 28, 2023. Investors can bid for a minimum of 150 Equity Shares and in multiples of 150 Equity Shares thereafter.

The Public Issue of face value of ₹10 per Equity Share is entirely a fresh issuance of equity shares up to 31,200,000.

Led by Promoter Vishnu Prakash Punglia, the EPC Company has a strong operational understanding with a consistent track record in carrying out infrastructure projects for over three decades. It owns a fleet of about four hundred and ninety-nine construction equipment assets which includes including crushers, excavators, loaders, dozers, paver machines, ready mix concrete plants, concrete mixtures, cranes, tractors and transportation vehicles from some of the leading suppliers.

Its major activities include constructing, designing, building, implementing, operating, maintaining and developing Water Supply Projects (WSPs) including Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water, as well as other projects such as Roads, Bridges, Tunnels, Warehouses, Buildings, Railway Buildings including platforms, stations, quarters, administrative buildings, Rail-Over-Bridges and Waste Water Treatment Plants (WWTPs). It also undertakes operations and maintenance services.

The Company’s revenue from operations has increased from ₹4,857.31 million in financial year ended March 31, 2021 to ₹7,856.13 million in financial year ended March 31, 2022 and further to ₹11,684.04 million in financial year ended March 31, 2023 showcasing a CAGR of 55.1%, profit after tax stood at Rs 90.6 crore, whereas EBITDA margin stood at 13.7%.

Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book running lead managers and Link Intime India Private Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.

DISCLAIMERS:VISHNU PRAKASH R PUNGLIALIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an Initial Public Offer (“IPO”) of its Equity Shares and has filed the Red Herring Prospectus (”RHP”) dated August 17, 2023 with RoC. The RHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e., BSE at www.bseindia.com and NSE at www.nseindia.com and is available on the websites of the Book Running Lead Managers (“BRLMs”), i.e. Choice Capital Advisors Private Limited at www.choiceindia.com and Pantomath Capital Advisors Private Limited at www.pantomathgroup.com. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” on page 46 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. Specified attention of the investors is invited to “Risk Factors” on page 49 of the DRHP and page 46 of the RHP.

DISCLAIMER CLAUSE OF SEBI: It is to be distinctly understood that submission of the Red Herring Prospectus (“RHP”) to the Securities and Exchange Board of India (SEBI) should not in any way be deemed or construed that the same has been cleared or approved by SEBI. SEBI does not take any responsibility either for the financial soundness of any scheme or the project for which the issue is proposed to be made or for the correctness of the statements made or opinions expressed in the RHP. The lead managers, has certified that the disclosures made in the RHP are generally adequate and are in conformity with the Regulations. This requirement is to facilitate investors to take an informed decision for making investment in the proposed issue.The investors are advised to refer to pages 434 of the RHPfor the full text of the disclaimer clause of SEBI.

DISCLAIMER CLAUSE OF BSE:

“BSE Limited (“the Exchange”) has given vide its letter dated June 06, 2023, permission to this Company to use the Exchange’s name in this offer document as one of the stock exchanges on which this company’s securities are proposed to be listed. The Exchange has scrutinized this offer document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to this Company. The Exchange does not in any manner: –

a) warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; or
b) warrant that this Company’s securities will be listed or will continue to be listed on the Exchange; or
c) take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of this Company and it should not for any reason be deemed or construed that this offer document has been cleared or approved by the Exchange. Every person who desires to apply for or otherwise acquires any securities of this Company may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/acquisition whether by reason of anything stated or omitted to be stated herein or for any other reason whatsoever”.

DISCLAIMER CLAUSE OF NSE (the Designated Stock Exchange):

“As required, a copy of this Offer Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter Ref.: NSE/LIST/2317 dated June 08, 2023, permission to the Issuer to use the Exchange’s name in this Offer Document as one of the Stock Exchanges on which this Issuer’s securities are proposed to be listed. The Exchange has scrutinized this draft offer document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to this Issuer. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; nor does it warrant that this Issuer’s securities will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of this Issuer, its promoters, its management or any scheme or project of this Issuer.

Tamilnad Mercantile Bank selects Jocata to transform its MSME lending business

Mumbai, ,22nd August 2023 Private sector lender Tamilnad Mercantile Bank (TMB) has collaborated with Jocata, India’s leading FinTech platform provider, to offer digital-first lending products to its growing customer base. TMB will leverage Jocata’s low-code Digital Lending Platform (DLP) to drive its digital transformation strategy, providing MSMEs with an end-to-end digital, personalized, and experience-led value proposition.

The Retail, Agri, and MSME (RAM) segment of TMB contributed around 90% of the overall advanced portfolio, of which MSMEs constituted around 36%, a significant contribution as reported in the Bank’s Q1 results. To cater to the growing MSME segment, the Bank is committed to digitizing its comprehensive MSME Financing Program offering both secured and unsecured products covering funded and non-funded facilities. Implementing Jocata’s DLP aims to improve the current process and reduce the total time-to-credit for MSMEs, addressing a key improvement area in servicing the customer while enabling operational ease for the Bank.

Mr. S. Krishnan, MD & CEO of Tamilnad Mercantile Bank Ltd, said, “We are happy to partner with Jocata, and this alliance is a step forward in our efforts to become a preferred digital bank for our customers. TMB has embarked on a large-scale digital transformation agenda along with business process re-engineering, and one of the key milestones for us will be to bring digital credit products to our MSME customers through technology. By harnessing the potential to scale digital lending with Jocata’s platform, we aim to grow our presence pan India by delivering a seamless and hassle-free borrowing experience for MSMEs.”

Mr. Shailesh Deshpande, Director of Growth at Jocata, said, “We are delighted to partner with the Tamilnad Mercantile Bank in their digital transformation journey. Their commitment to digitizing their operations, coupled with our state-of-the-art digital lending platform, will boost credit access for MSMEs while aiding in rapid loan book growth for the Bank. Jocata’s future-ready technology platform and credit expertise align seamlessly with TMB’s vision of driving digital inclusion and innovation.”

What’s New Summit: Unraveling the New Age of Digital Marketing

 Summit

22nd August 2023 New Delhi: The Economictimes.com, in collaboration with global marketing agency KIT Global, is gearing up to host the What’s New? Summit on August 31st in New Delhi. This much-awaited event will shed light on critical themes and unexplored opportunities in the dynamic realm of modern marketing.

This on-ground summit will be a symposium bringing together visionary industry leaders, CXOs, CMOs, performance marketers, digital marketers, media planners, buyers, and forward-thinking decision-makers to convene and engage in high-impact discussions. Attendees can look forward to gaining incredible insights from engaging panel discussions, interactive workshops, and in-depth presentations centered on the big opportunities in the new marketing landscape.

“We are excited to partner with KIT Global for the What’s New? Summit. It promises to be a transformative event for the digital marketing community, and will be a unique opportunity for professionals to exchange ideas, share experiences, and explore the untapped potential that lies ahead,” said Sanjeev Kumar, Business Head, Economictimes.com

The summit will feature a stellar lineup of key speakers, including:

  • Gaurav Khatri, Co-founder, Noise
  • Gopa Menon, Digital Head – Mindshare, South Asia
  • Priti Murthy, President, GroupM Nexus
  • Nitin Sethi, Chief Digital Officer (Consumer Business) Adani Group & Founding Leader – Adani Digital Labs
  • Shalini Pillai Banerjee, Head of Consumer Apps Marketing, Google India
  • Sumeet Singh, Group Chief Marketing Officer at Info Edge India Ltd.
  • Punit Chahar, Asia Head of Digital & Performance Marketing, OLX Group
  • Rahul Khurana, Country Manager, KIT Global
  • Alexei Archinov, Google Lead, gTech EMEA Emerging Markets
  • Sukhleen Aneja, CEO, Good Brands Co, The Good Glamm Group
  • Shweta Srivastava, Head of Digital & Omni Channel Marketing, Global Emerging Markets, Dr Reddy’s Laboratories
  • Monika Mishra, Marketing Director, Mobikwik
  • Juhie Gorawara, Head – Brand, Communications, Digital Philips Indian Subcontinent
  • Abhishek Gupta, Senior Vice President Online revenue (D2C), Mamaearth

These industry pioneers will share their insights, experiences, and visions for the future of digital marketing, offering attendees an opportunity to learn from the best in the business.

Commenting on the association, Rahul Khurana, Country Manager, KIT Global said, “This summit couldn’t have come at a better time. With the ever-evolving landscape of digital marketing and the rise of artificial intelligence, this event is a golden opportunity for all attendees to gain valuable insights and stay ahead of the curve.”

Honda Motorcycle & Scooter India launches special 10 year ‘Extended Warranty’ & ‘Extended Warranty Plus’ programs for CB350 H’ness & CB350RS

Honda Motorcycle & Scooter

Mumbai, 22nd August 2023: Honda Motorcycle & Scooter India (HMSI) takes another monumental leap in the industry with the introduction of revolutionary ‘Extended Warranty’ & ‘Extended Warranty Plus’ programs for its Big Wing customers.

As an introductory offer, the first 10,000 new vehicle purchase customers get enrollment in the Extended Warranty program at zero cost. The no cost offer is applicable for first 10,000 new H’ness CB350 & CB350RS customers (valid from 8th Aug 2023 onwards) on a first come first served basis. This pioneering move not only reshapes the premium segment but also sets entirely new industry benchmark that promises unmatched benefits and ensure ultimate peace of mind for customers.

Customers can acquire an ‘Extended Warranty Plus” within a flexible window ranging from 91 days to 9th year from the date of vehicle purchase. This program grants customers a comprehensive 10-year warranty coverage as well as renewal options that remain transferable even in the event of change in ownership. With a commitment to cost-effective ownership experience, the program further ensures vehicle longevity through regular maintenance leading to unparalleled customer satisfaction.

At the heart of the ‘Extended Warranty Plus’ program is comprehensive coverage, safeguarding critical high-value engine components and essential mechanical and electrical parts. Offering flexibility and choice, the Extended Warranty Plus program presents customers with three tailored options: a 3-year policy for vehicles up to the 7th year, a 2-year policy for vehicles in their 8th year, and a 1-year policy for those in their 9th year. These options extend coverage up to 1,30,000 kilometers for all their H’ness & CB350RS motorcycles.

Features of Extended Warranty Plus Benefits for Customer
Period of sale 91 days to 9th Year from date of vehicle purchase Ø  Complete “Peace of Mind” for customers

Ø  Covers the failure occurred due to manufacturing defect.

Ø  Warranty coverage up-to 10 Years – unique initiative in the premium 2Wheeler industry.

Ø  Longer vehicle life with regular maintenance, leads to higher resale value.

Ø  Renewal option available upto 9 years of vehicle purchase.

Ø  All India applicability

Ø  Policy is transferrable

 

Point of Sale Workshop
Policy Options Available 3 Year policy till 7th Year age vehicle,
2 Year policy for 8th Year age vehicle,
1 Year policy for 9th Year age vehicle.
Potential Customers Existing EW and Non-EW customers

Introducing the special Extended Warranty programs for BigWing, Mr. Yogesh Mathur, the Director of Sales & Marketing at Honda Motorcycle & Scooter India expressed, “At HMSI, our unwavering commitment to delivering an unmatched ownership experience stands as our highest priority. The ‘Extended Warranty’ & ‘Extended Warranty Plus’ programs naturally evolves as a seamless extension of our commitment. Witnessing the overwhelming response from our Red Wing customers, we are extending this unique initiative further for our popular CB350 motorcycles. Celebrating 1,00,000 customers milestone, we are confident that this program will set new satisfaction standards. With its unique features and warranty coverage of up to 10 years, inclusive of high-value parts, customers can enjoy complete peace of mind and Honda’s assurance across the country. We firmly believe that this program will further strengthen the unwavering trust and reliability bestowed upon us by our valuable customers.

 Customers can conveniently access this service at nearest authorized Honda BigWing, with price starting from Rs. 5,321 only. The pricing structure varies based on the purchase year of the vehicle, ensuring flexibility and affordability for all customers.

Introducing the special Extended Warranty programs for BigWing, Mr. Yogesh Mathur, the Director of Sales & Marketing at Honda Motorcycle & Scooter India expressed, “At HMSI, our unwavering commitment to delivering an unmatched ownership experience stands as our highest priority. The ‘Extended Warranty’ & ‘Extended Warranty Plus’ programs naturally evolves as a seamless extension of our commitment. Witnessing the overwhelming response from our Red Wing customers, we are extending this unique initiative further for our popular CB350 motorcycles. Celebrating 1,00,000 customers milestone, we are confident that this program will set new satisfaction standards. With its unique features and warranty coverage of up to 10 years, inclusive of high-value parts, customers can enjoy complete peace of mind and Honda’s assurance across the country. We firmly believe that this program will further strengthen the unwavering trust and reliability bestowed upon us by our valuable customers.

Customers can conveniently access this service at nearest authorized Honda BigWing, with price starting from Rs. 5,321 only. The pricing structure varies based on the purchase year of the vehicle, ensuring flexibility and affordability for all customers.