Archives August 2023

Hyderabad/Mumbai, 9th August 2023: Union Bank of India MD & CEO Ms. A. Manimekhalai virtually inaugurated the launch of 200 Micro Processing Centres (MPCs) pan India which will facilitate sourcing, sanction & disbursement of Micro Credit Applications with the help of Business correspondent.

The main agenda is to meet the growing demand in microcredit proposals, including various Govt. Sponsored Schemes like PM SVANidhi, PMSBY, PMJJBY, APY, NULM etc. This will give a thrust to financial inclusion & will ensure digital onboarding of the borrowers from the bottom of the pyramid.

MPCs will bring banking services closer to the community by establishing dedicated desks within our branches. This improves accessibility, and convenience, and encourages greater engagement between customers and the bank.

Mumbai, 9th August 2023: TeamLease EdTech, India’s leading learning and employability solutions provider, has released its extensive Career Outlook Report HY2, 2023, revealing some interesting insights about the job market for freshers. There is an increase of 3% in HY2 of 2023 vs HY1 of 2023 (65% Vs 62%) in freshers hiring in India. Additionally, the overall hiring intent for all categories of jobseekers has risen to 73% from 68% over the same duration. Such sustained growth implies an optimistic job market in the coming months, especially for freshers.

As per the report, the top three industries with the highest hiring intent for freshers are E-commerce & Technology Start-ups (59%), Telecommunications (53%), and Engineering & Infrastructure (50%). The IT industry sees an overall decrease in the intent to hire freshers as compared to HY1 2023 (49% in HY2 2023 vs 67% in HY1 2023 – a decrease of 18%). Whereas some new and trending sectors like Travel and Hospitality have emerged with an increase of 5% (HY2 2023 Vs HY1 2023).

Roles such as DevOps Engineer, Chartered Accountant, SEO Analyst, and UX Designer are in high demand across industries for freshers. Among cities, Bangalore leads the way with a hiring intent of 65% though a decrease of 10% as compared to HY1 2023, followed by Mumbai at 61% and Chennai at 47%, an increase of 5% for both cities in comparison to HY1. Delhi is at 43%, a decline of 4% from HY1 2023. Though the demand for new talent has only marginally increased, the Indian freshers’ job market has witnessed an increase of 6% in the current HY(Jul-Dec, 2023) when compared to the same period of the last HY (Jul-Dec, 2022).

Reflecting the clear market sentiments, some in-demand courses that freshers can undertake to increase their employability include Certification Courses in Digital Marketing, Business Communication, Data Science, Blockchain and PG programs in AI and ML. The report also has, now, included a new segment on Degree Apprenticeship and its growing popularity amongst students and employers. The top three industries planning to hire degree apprentices during the same period are Manufacturing (12%), Engineering & Infrastructure (10%), and Power & Energy (7%). Among the cities, Chennai and Pune stand out with 10% each, while Bangalore and Mumbai follow closely with 9% each, and Ahmedabad at 7%. The survey covers 737 small, medium, and large companies across 18 sectors across India. The coverage is spread across 14 geographical areas [metros, tier-1, & tier-2] reflecting the hiring sentiment.

On the release of the report, Shantanu Rooj, Founder and CEO, TeamLease Edtech, said, “Amidst a challenging hiring scenario, the Indian job market indicates a marginal uptick with a 3% increase in the intent of hiring freshers. Moreover, the overall rise in hiring intent to 73% for all jobseeker categories reinforces the optimistic outlook for the coming months. It’s particularly encouraging to witness the emergence of new and trending sectors like Travel and Hospitality, with a 5% increase in hiring intent for freshers in HY2 2023. Additionally, the demand for roles such as DevOps Engineer, Chartered Accountant, SEO Analyst, Cybersecurity Analyst, Digital Marketing Specialist, Artificial Intelligence Engineer and UX Designer across industries signals a promising landscape for the young talent entering the job market.”

Neeti Sharma, Co-Founder and President of TeamLease EdTech, further added, “In the dynamic world of technology, the future belongs to those who embrace change and continuously enhance their skills. We are currently witnessing a noticeable shift in the kind of skills employers are seeking from freshers. Employers are keen to hire freshers that are digitally savvy and are capable of learning in the constantly changing world of work. Technology such as AI/ML, Blockchain, Data Science and Business communication are changing the way we work. Individuals investing in these fields and skills will always have an advantage when looking for job opportunities”

Jaideep Kewalramani, Head of Employability Business & COO, “The report reiterates the relevance of staying ahead in the dynamic job market by identifying the leading roles, skills and sectors when looking out for opportunities. It’s important to recognize the value of work integrated degree programs that raise the employability quotient. These programs integrate top-class learning with work opportunities through internship / apprenticeship, for developing pathways for a successful career.”

Complementing the findings of COR, Digivarsity (by TeamLease EdTech), India’s First AI-powered Work-Integrated Degree, and Career Discovery Platform, seamlessly integrates academic learning with real-world experience, empowering higher education learners. It aims to transform India’s higher education and employability landscape by impacting 10 L students in the next 5 years. Equipping students with workplace skills alongside academic knowledge essential for long-term career success, Digivarsity bridges the gap between education and employment.

Mumbai, 9th August 2023: Taking forward the legacy of the brand SP, Honda Motorcycle & Scooter India (HMSI), today launched the all-new SP160. The bold, sporty and stylish SP160 has been designed to deliver power with great performance suitable for daily commuting.

Speaking on the launch, Mr. Tsutsumu Otani, Managing Director, President & CEO, Honda Motorcycle & Scooter India, said, “Since its debut in 2015, brand SP has revolutionized the 125cc motorcycle segment, setting unprecedented standards in technology, style and performance. Now, as we confidently progress into the future, we are delighted to extend the legacy of brand SP a notch higher and introduce the all new SP160. This sporty motorcycle is a representation of cutting-edge engineering and advanced innovation that is sure to fulfill the customer expectations.”

Introducing the all-new SP160, Mr. Yogesh Mathur, Director, Sales and Marketing, Honda Motorcycle & Scooter India, said, “The all-new SP160 motorcycle is inspired by the ambitious young enthusiasts who desire a perfect blend of sportiness and utility. Setting a remarkable standard, the SP160 combines exceptional performance, outstanding fuel efficiency, seamless power distribution and unmatched comfort. With its bold design and comfortable features, riders can effortlessly embark on long journeys with ease and convenience.”

SPORTY AESTHETICS

The all-new SP160 is meticulously designed to align with the preferences of riders who seek a blend of sportiness and practicality. The motorcycle’s bold tank design paired with sporty shrouds presents a powerful amalgamation of fierceness and vitality. The sporty nature of the motorcycle is further emphasized by its aerodynamic under cowl. The bold LED Headlamp grants it a premium aesthetic, while the bold design of the LED Tail lamp confers an exceptional identity.

Further adding sportier demeanor to the all-new SP160 is its 130mm wide rear tyre which provides improved traction during acceleration. The inclusion of a sporty muffler with a chrome covering amplifies the stylish & sporty DNA of the motorcycle.

ADVANCED TECHNOLOGY

At the core of SP160 lies the OBD2 compliant Honda’s mid-size advanced 160cc Programmed Fuel Injection (PGM-FI) engine that provides improved performance and an unparalleled level of fuel efficiency.

The Solenoid valve in engine acts as an automatic choke mechanism during engine start and warmup. It provides extra air to the engine at the time of ignition and when the engine is warming up. The opening and closing of the solenoid valve are regulated by the Engine Control Unit (ECU) depending on the engine oil temperature and pressure of intake air.

The advanced & efficient engine is designed with a long stroke that provides extra torque and superior efficiency. The high compression ratio of 10:1 contributes to powerful performance of the motorcycle.

To enhance cooling capabilities and minimize distortion of the inner cylinder, spiny sleeves have been integrated into the outer surface. The implementation of a roller rocker arm ensures seamless power delivery and minimizes frictional losses.

Additionally, the inclusion of a counterweight balancer decreases vibrations and facilitates seamless acceleration from low rpm to high rpm range.

Its advanced digital meter keeps the rider updated with all the information on the go. The meter displays details like Clock, Service due indicator, Gear position indicator, side stand indicator, Fuel gauge and other mileage related information such as average fuel mileage, fuel consumption and average speed.

COMFORT AND CONVENIENCE

The all new SP160 is equipped with single channel ABS (Anti-lock brake system) that gives an enhanced braking performance on the roads. It effectively prevents the wheels from locking up in emergency situations or on slippery surfaces, thus ensuring greater sense of confidence while riding. The petal disc brake dissipates heat effectively which improves the overall braking efficiency. A combination of Front & Rear* disc brakes provides effective braking and better control.

The high-performance Rear Mono Shock suspension is housed below the seat and mounted on the advanced tough and flexible diamond frame. It offers superior riding comfort and excellent stability.

Its high ground clearance (177mm) prevents engine & frame hitting surface on uneven roads. The longer & spacious seat (594mm) provides comfortable ride experience to both rider as well as pillion. Its long wheelbase (1347mm) gives stability & comfortable riding experience.

The SP160 comes with Engine Stop Switch for the convenience of turning-off the engine at signals and other brief stops with the flick of a button. Additionally, it has a hazard switch which is a critical safety component that activates the flashing indicator lights, playing a vital role in emergency stops and poor visibility conditions.

NEW VALUE PROPOSITION

HMSI is offering a special 10-year warranty package (3 years standard + 7 years optional extended warranty) on the all-new SP160.

Bangalore, August 8, 2023: ICICI Bank launched ‘Monsoon Bonanza’ to provide customers with a wide range of exciting deals and discounts on various categories ranging from electronics, travel, online shopping, dining and food ordering, health and beauty, gifting, and more.

The customers can enjoy the benefits of the bonanza in the form of discounts and cashback of up to 50%, which can be availed using the Bank’s credit or debit cards and internet banking. Attractive EMI offers are also available on credit and debit cards.

In the third edition of Monsoon Bonanza, customers can avail of exclusive offers from top brands like Flipkart, Apple, Dell, Samsung, LG, MakeMyTrip, OnePlus, Qatar Airways, Tata CliQ Luxury, Yatra, and more. With special offers during the Independence Day sale, this latest edition of Monsoon Bonanza, the Bank aims to provide its customers with an unparalleled shopping experience, packed with exciting deals and discounts across a wide range of products and services.

Highlights of Monsoon Bonanza:

Independence Day special:

•        Flat 10% discount on Flipkart Big Saving Days
•         Get 10% discount on Croma
•         Up to ₹6,017 discount on Yatra
•         Get 7.5% discount on Urban Ladder

 Laptops:

•         Purchase a MacBook Air for an EMI of ₹2,934 per month at select Apple reseller stores
•         Up to ₹10,000 cashback on select HP laptops and desktops
•         Up to ₹10,000 discount on Dell laptops

 Mobiles:

•        iPhone 14 at ₹2,341 per month at no extra-cost EMI at select Apple reseller stores
•         Up to ₹5,000 on OnePlus Mobiles, TV, and Internet of Things (IoT) devices
•         Get up to ₹8,500 cashback on Vivo, Xiaomi, and Motorola mobiles

 Electronics:

•         Up to ₹26,000 cashback on brands like LG, Samsung, Haier, Panasonic and more
•         Up to ₹10,000 discount on TVs from TCL and Xiaomi
•         Up to ₹10,000 discount on Whirlpool, Hitachi, Carrier Midea, Electrolux, and Eureka Forbes
•         Flat ₹5,000 instant discount at Croma on minimum purchase of ₹1 lakh

 Fashion:

•         10% instant discount up to ₹1,500 at Westside retail outlets
•         10% instant discount up to ₹1,000 at Centro retail outlets

 Flights:

•        Up to ₹2000 instant discount on domestic flights on MakeMyTrip every Monday
•         Up to 10% discount on business class and up to 7% discount on economy class on Qatar Airways
•         Up to ₹2023 discount on domestic and up to ₹5,000 on international flights on EaseMyTrip and Paytm Flights

 Hotels:

•        Up to ₹5,000 discount on domestic and ₹20,000 on international 3, 4 & 5-star hotels on MakeMyTrip
•         Up to ₹2023 discount on domestic hotels with EaseMyTrip, clear trip
•         Up to 25% discount on The Postcard Hotel, WelcomHeritage, Sahara Star, and more

 Online shopping & Grocery:

•         Up to ₹1,500 discount on Tata Cliq Luxury
•         Get up to ₹250 discount on Blinkit and Swiggy Instamart

 Food ordering & Dining:

•         Get 15% discount on dining with Zomato
•         Get 15% discount on eazydiner

 Grooming and gifting:

•         Up to 50% discount on Tata Cliq Palette, Sugar, Brown Skin Beauty and Tattva Wellness Spa
•         Get up to 20% discount on Ferns & Petals, IGP and Florista on online purchases

Health and Fitness:

•         Get up to ₹5,000 discount on Medika Bazaar
•         Up to 20% discount on Redcliffe Labs and Aanya Wellness
•         Up to ₹2,000 discount on The Sleep Company

 Entertainment:

•        Instant 40% discount on Sony LIV Premium Mobile on its annual pack.
•         Flat ₹100 discount on movie ticket booking through Paytm

Bengaluru, 9th August 2023: Randstad India, one of the largest organizations in the HR services industry, strengthens their India management team with the appointment of Nitin Nangia as Chief Sales Officer, Revathi Raghunath as Chief Marketing Officer, and Anand Vaitheeswaran as Chief Information Officer for the Asia Pacific (APAC) region. This strategic decision is aligned with Randstad’s commitment to reinforcing its market position and its ambition of becoming the most equitable and specialized talent company in the world. Randstad is poised for its next phase of growth in the country, and the new management team members will be a catalyst in that direction.

Nittin Nangiabrings over 22 years of rich industry experience in key leadership roles in HR services, leading teams across sales, operations, and key account management. His experience, expertise, and proven track record of enabling profitable B2B sales and revenue maximization will be invaluable to Randstad India’s growth plans. As the Chief Sales Officer of Randstad India, Nittin will be responsible for spearheading the company’s sales strategy and empowering Randstad’s sales & key accounts teams to deliver unparalleled value to client partners.

With two decades of experience in marketing and sales leadership, Revathi Raghunath’s appointment as the Chief Marketing Officer is in line with Randstad’s goal of driving operational excellence and establishing world-class offerings for India’s vibrant employment landscape. Revathi will spearhead the planning and execution of the company’s integrated marketing efforts in India. As the CMO of Randstad India, Revathi will play a pivotal role in shaping and implementing the company’s marketing strategy in alignment with Randstad’s global marketing vision. Her responsibilities will include driving a harmonized Asia Pacific marketing strategy while ensuring strong local execution.

Further, the company has also appointed Anand Vaitheeswaran as Chief Information Officer for the APAC region. Anand comes with over 27 years of experience in delivering innovative technology solutions to key business problems for organizations across industries. His experience in driving strategy, managing principal partnerships, establishing and running innovation hubs, building organizational capabilities, managing digital engagements, and offshore teams will be a crucial asset for Randstad. Anand’s deep understanding of new-age technologies and cost optimization of IT Operations will play a vital role in sustainably shaping Randstad’s technology landscape, embracing digital transformation, and delivering exceptional value to their customers across the country and in the APAC region.

Commenting on the appointments, Viswanath PS, MD & CEO, Randstad India said, “I am excited to work closely with seasoned professionals like Anand, Nittin, and Revathi, and chart the next phase of growth for Randstad India. Their deep industry expertise and growth mindset will be an added boost for us as we continue on our journey to become the world’s most equitable and specialized talent company. I am confident that Anand, Nittin, and Revathi’s able leadership will enable integrated transformation across the organization and reinforce our core objective of helping talent meet the right opportunities, while ensuring that we exceed client expectations and consistently deliver unparalleled value.”

Randstad India is optimistic that these new appointments will accelerate its growth trajectory, foster innovation, and uphold its commitment to delivering exceptional talent solutions.

By Shweta Sastri, Managing Director, Canadian International School, Bangalore

Social service and volunteering are acts of kindness benefiting the community. At international schools, students are encouraged to volunteer with numerous NGOs and schools for the underprivileged to understand societal problems and work toward the betterment of society. It greatly helps students in the long run in developing a benevolent approach in life. Here’s why social service is fundamental for students and a great learning experience:

Helps develop and learn new skills: Social work is a diverse field and students are encouraged to learn new skills such as fundraising, networking, and communication, to name a few, and multi-task accordingly. For some, volunteering during school can be a route to experience new career paths. Volunteering also helps students decipher what to pursue in university and opens up doors to several different opportunities.

Gives a sense of purpose: Participating in social service can be meaningful and interesting for students, especially when they partake in activities that they are passionate about. Volunteering also helps students develop empathy, get a sense of fulfilment when the people they work with are benefitted, and develop their character, and this, in turn, gives them a sense of accomplishment and purpose.

Motivates students: One of the primary reasons students of international schools choose to partake in social service is to make a positive impact on the lives of others. Students that are volunteering feel that their efforts are benefiting others and their skills are making a difference to the community, thus a motivational factor.

Gives a greater understanding of societal problems: Social service is known for its impact on the betterment of the community. Volunteering allows international students to connect with society and understand the problems that the communities face. Students that volunteer can also develop their community awareness and help them integrate into the local communities outside of school, contributing to the development of socially-sensitive adults.

Provides career opportunities: Students at international schools are given the opportunity to try out various fields of work and gain experience without making a long-term commitment. Providing an option to sample various fields allows students to identify the things that they enjoy and help them build their career goals. If every once in a while, they get the opportunity to volunteer to do a new job, they can personally explore for themselves the career path they wish to take.

There are numerous NGOs that work in the social service field and very experienced people reach out to and mobilise people to lead a better life. These days, social work is recognized globally and governments present awards to those who have worked very hard to create a better society. After the Nobel Prize, the Ramon Magsaysay Award, which is considered the Asian Nobel, is presented every year to people who have demonstrated social commitment. Students can look up to award winners and develop community work as an option. Students get the opportunity to work in different sectors such as animal welfare, helping underprivileged children, and assisting in a home for the elderly, which may then play a major role in the choice they make in the future.

International schools also develop their skill sets in ways that will offer multiple options to students to work in communities across the country or even abroad. With volunteer work being recognised as one of the best means to reach out to people, students can proudly associate with any one of them to work and get a sense of satisfaction. At the end of the day, service to society is the best possible choice to make in generating a sense of fulfilment.

Bangalore, 08-August’23 – Kauvery Hospital, Bangalore a renowned name and the fastest-growing healthcare chain in Southern India, takes another giant leap towards transforming surgical excellence with the launch of the Kauvery Institute of Robotic Surgery. This new initiative is set to redefine patient care, precision, and affordability in the realm of surgical advancements.

The program is designed to achieve unprecedented precision and visualisation, with high-definition cameras, the increased degree of movement of robotic arms such of a surgeon’s arms. The institute will bring together surgeons skilled in robotics surgeries in the fields of Surgical Gastroenterology, Surgical Urology and Gynaecological surgeries, the centre will offer the most advanced surgical solutions in a compassionate and empathetic environment.

As part of the launch phase, the Kauvery Institute of Robotic Surgery is committed to prioritizing the well-being of senior citizens which will enable them to have shorter hospital stays and faster recovery times and to return to their normal activities sooner, enhancing their overall quality of life. The institute will consider a rigorous patient selection process ensures that only suitable candidates undergo robotic-assisted surgeries. To make this groundbreaking technology accessible to all, Kauvery Hospital offers robotic-assisted surgery at the cost of a regular laparoscopic procedure during this launch phase.

The Institute collaborates closely with Intuitive Surgical Systems, the manufacturer of Da Vinci X, to provide future surgeons with comprehensive training on this futuristic surgical marvel. This partnership aims to empower the medical community with advanced knowledge and skills, ensuring seamless integration of robotic technology into surgical practices.

For senior citizens, the rigorous patient selection process ensures that only suitable candidates undergo robotic-assisted surgeries. The Da Vinci X Robotic-Assisted Surgical System offers less invasive procedures, leading to reduced pain, blood loss, and scarring. Additionally, the shorter hospital stays and faster recovery times with robotic-assisted surgeries enable them to return to their normal activities sooner, enhancing their overall quality of life.

The Kauvery Institute of Robotic Surgery is an essential component of Kauvery Hospital’s rapid expansion across India. Within just three years from its launch in Bangalore, Kauvery Hospital has consistently invested in best-in-class medical technology and state-of-the-art facilities, making advanced healthcare affordable and accessible to all its patrons.

“This launch of the Kauvery Institute of Robotic Surgery is a significant step towards our brand’s vision of becoming the most respected and trusted healthcare provider,” said Dr. S. Chandra Kumar, Founder & Executive Chairman, Kauvery Hospital. “Our mission is to make great healthcare affordable, and with this latest technological advancement, we continue to uphold our values of Continual Improvement, Ethical, Empathetic Care, Real Accountability, and Service Excellence.”

“We are thrilled to introduce the Kauvery Institute of Robotic Surgery, where our mission is to deliver transformative surgical care, powered by cutting-edge technology and compassionate values,” said Dr. S. Vijayabaskaran, Executive Director, Kauvery Hospital.

The inaugural event, scheduled for 08 August 2023, will witness esteemed guests, including Padma Bhushan Dr. Senapathy Kris Gopalakrishnan, Chairman of Axilor Ventures & Co-founder of Infosys, and Dr. S. Chandra Kumar, Founder & Executive Chairman, Kauvery Hospital.

Kauvery Hospital invites all media representatives, medical professionals, and the public to be part of this momentous occasion as they embark on a new era of surgical excellence with the Kauvery Institute of Robotic Surgery.

About Kauvery Hospital:

Kauvery Hospital group is one among the fastest growing healthcare providers in the southern region of India. With presence in 6 cities and 11 multispecialty units including the Bangalore unit the group has over 2000 operational beds. The hospital group was founded in 1999 and is accredited by NABH. Kauvery Hospital, Bangalore boasts of having renowned practitioners in both surgical and medical practise area who along with the patient care teams offers a wide range of tertiary care services, including cardiac surgery, neurosciences, orthopaedics, Renal sciences, Organ transplantation, a dedicated unit for Mother and Child under the name of maakauvery.

The hospital is committed to providing high-quality care to its patients and has a strong focus on research and innovation. Kauvery Hospital also focuses on Academics and offers DNB and other academic programs in Neurosciences and GI. Kauvery Hospital is a leading healthcare institution committed to excellence and patient-centric care. The Kauvery Institute of Robotic Surgery represents the hospital’s unwavering dedication to providing the highest quality surgical care using state-of-the-art technology while ensuring affordability and inclusivity.

– By Akash Pharande, Managing Director – Pharande Spaces

As we await the RBI’s monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market.

There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the money supply, weakening of the Indian rupee, global economic factors such as a significant increase in international crude oil prices or global market instability, inflation expectations, and overall financial stability concerns.

The real estate sector certainly hopes that the repo rate will remain unchanged because high interest rates have a significant impact on home buying decisions.

Do only affordable housing buyers have to worry about costlier home loans? The dampening effect of high interest rates varies depending on the buyer segment. Let’s examine the impact of higher interest rates on the three broadest home buyer segments:

Affordable Homes Segment:

This segment generally caters to buyers with limited income and purchasing power who invariably rely on home loans to finance their purchases. High interest rates have a substantial impact on this segment as they directly affect the EMI payments these buyers must shell out.

As a result, they may either delay their home purchase decisions or opt for even smaller-sized homes in the already compact housing segment to manage the financial obligations. The first eventuality is likelier.

Mid-Range Homes Segment:

The mid-range homes segment typically comprises buyers with moderate income levels and purchasing power across a wide spectrum of the Indian middle class. Buyers in this segment tend to have a relatively higher capacity to handle increased interest rates compared to the affordable segment.

However, they are still sensitive to changes in borrowing costs, especially since this segment has been focusing on the largest homes within their means since the pandemic. The previous trend of beginning with a smaller ‘starter home’ with a view to later upgrading to a ‘forever home’ has reduced significantly. These buyers are willing to stretch their budgets to go straight for the forever home.

Higher interest rates have a bigger impact on costlier homes, and mid-range home buyers may have to adjust their budgets or compromise on certain features, size, and location preferences to accommodate the increased cost of borrowing. With the highest aspiration among this buyer segment being large-sized homes with at least two and even three bedrooms, more of them may react to higher interest rates by postponing their purchase decisions.

Luxury Homes Segment:

The luxury homes segment caters to high-income individuals and investors seeking premium properties. Buyers in this segment often have stronger financial stability and greater access to alternative financing options. Consequently, the impact of high interest rates on the luxury segment may differ from that of the affordable and mid-range segments.

Luxury home buyers can also afford higher down payments, reducing their loan-to-value ratios. This mitigates the impact of increased borrowing costs to some extent. Luxury home buyers often prioritize factors such as location, exclusivity, and lifestyle amenities over the cost of borrowing. However, this does not mean that they remain unaffected. High interest rates can still indirectly affect the luxury segment.

If steeper interest rates lead to a marked dip in the stock market and industrial activity, there is invariably a decrease in overall investment sentiment. This pertains even to luxury home buyers. Wealth also spans a wide spectrum, and high-net-worth individuals who grew wealthy through prudent spending, not reckless splurging, remain sensitive to financial implications.

In conclusion:

The RBI primarily considers domestic factors when determining the repo rate. However, the Indian story is closely tied to the global economy., and the US Federal Reserve has strongly indicated that it may need to raise interest rates further to bring down inflation in the US.

When major central banks adopt a tightening monetary policy stance to tackle inflation, it can influence other central banks’ decisions, including the RBI. In such cases, the Indian repo rate may be adjusted to maintain consistency with global monetary policy trends.

The real estate market, as well as India’s other key industries, are justified in hoping that the upcoming monetary policy remains amenable to lending-driven consumption for a while longer.

About the Author:

Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township properties in West Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in West Pune.

Hyderabad: August 8th, 2023: Hungry Hawk, the newest dining destination in Hyderabad, is excited to announce its grand launch and promises an unmatched culinary experience with a tantalising selection of Global cuisine. Hungry Hawk is positioned to become the ideal destination in the city for foodies looking for an exceptional dining experience because of its prime location. Offering a World of flavours our multi-cuisine restaurant has a diverse selection of dishes from Asia, Mughlai, and beyond, including the savoury delights of Japanese Teppanyaki, the zesty flavours of Thai curries, the comforting tastes of classic Italian pasta and the aromatic spices of Indian cuisine. This will enable you to have a distinctive eating experience that you would cherish for a long time.

Discover the ultimate culinary illusion to indulge your senses with the flavorful menu, which includes Soups like Eight treasure, Tom ka ghai, Chiang mai noodle soup, Burmese khow suey, (Ramen) – Miso, Tanatanmen and Kimchi, (Dimsums) – Truffled Edamame, Chicken chilli Oil, Prawn hargao, (BAO) – Chilli basil silken tofu bao, Soft shell crab bao are few of our signatures. The appetizers include dishes such as (Veg) – Korean potato bites, Cauliflower Dynamite, Nawabi mushroom tikka, Achari Soya chaap, (Non-Veg) – Korean chicken wings, Crab Rangoon, Phuket fish, Tandoori Red Roast chicken, Panch phoron fish tikka, Zafrani jhinga besides a wide options of Pizza’s & Sushi.

The main course includes Thai Curries, Pad Thai, Bibimbap, Burrito Bowls, Biryanis, Mandi, sizzlers and many more. Save room for our delightful desserts like Banofee pie, Apricot Delight, Watalapan, Red Velvet Cream Cheese Brownie and Fried ice cream, and many more.

Speaking on this Mr. P V Suresh Kumar, Managing Partner, Hungry Hawk said, “At Hungry Hawk, we set out to design a place that combines two of our personal passions: fine dining and gaming entertainment. Our aim is to offer a singular experience where visitors may savour exquisite cuisine from all around the world while immersing themselves in the excitement of gaming. We are eager to welcome both foodies and gamers. We are committed to using only the finest and freshest ingredients to create our culinary masterpieces. Our talented chefs employ their expertise to craft each dish with passion and precision, ensuring an unforgettable dining experience.

Adding more to it Mr.Sanjeev Dhawan, Managing Partner, Hungry Hawk, said, “Our team of talented Chefs have designed some amazing set menu’s to craft each dish with passion and precision. In order to satisfy the varied palates of our customers, we have taken great care in curating a range of dishes that combine creative flavours by special preparation methods and artistic presentation.

Chef Jude Pereira, Executive Chef, Hungry Hawk, known for the global Cuisine said, I am pleased to present the Hungry Hawk menu. Each dish has been thoughtfully crafted to showcase the finest flavours and ingredients as the apex of my enthusiasm for culinary creation, promising an unparalleled culinary experience that blends the best of Teppanyaki, Mughlai, and Asian flavors under one roof.

August 8, 2023, Bengaluru: New Jaisa Technologies Ltd, a full-stack Direct-to-Consumer (D2C) electronics brand headquartered in Bengaluru, today announced that it has filed its Draft Prospectus with NSE Emerge for an Initial Public Offering (IPO). This development is a milestone for the rapid-scaler start-up founded in 2020. NewJaisa Technologies aims to be the market leader in providing best-in-class, quality-checked refurbished electronics at affordable and economical prices.

The raised capital shall be strategically allocated towards expansion of facility and building an omnichannel proprietary framework for process-oriented refurbishment.

Commenting on the IPO filing, Mr. Vishesh Handa, CEO, and Co-Founder of New Jaisa Technologies Ltd, said, “We are thrilled to reach this significant milestone in our journey. The IPO will allow us to further expand our operations, strengthen our market position, and enhance our product offerings. We believe that this will be a great opportunity for investors to be a part of our growth story and share in our success.”

Indorient Financial Services Limited is the lead manager for the proposed IPO and Pooja EquiResearch Pvt Ltd, Mumbai is acting as the advisor to the Company.

For more information, please visit newjaisa.com