Archives December 2023

Cristina Fonseca, Head of AI, Zendesk- “More and more companies will trust AI to fully automate resolutions in the CX context. With the latest advancements in AI and large language models (LLMs), there will be seamless blending between bots and human agents. Additionally, we expect the number of interactions touched by AI to be at least 10x higher compared to 2023 – moving the industry even closer towards this reality of fully digital agents.”

 

Arick Goomanovsky, VP of Tenable Cloud Security- More Consolidation Ahead: “Consolidation of cloud security products and vendors will accelerate throughout 2024 because of demand from customers, who now understand the power of cloud native security to transcend traditional silos and provide a unified, contextual risk picture. This means not only more secure applications, but better optimization of resources, skills and time, during a period when organizations are stretched to the limit.”

Dr. Mukesh Gandhi, Founder and CEO, Creative Synergies Group- 2024 will usher in an era of realistic and deliberate technological trends, and with everything that has taken shape in 2023, it’s hard to disagree. Businesses must embrace digital transformation, and although this has been evident since 2020, this year made it very clear that moving things slowly is not a viable option. This especially holds true for sectors where innovation intersects necessity such as, transportation, manufacturing, process industry, edtech, and e-commerce.

The catalyzing force in 2024 will stem from strategic deployment of applied generative AI. It can significantly impact every aspect of business from refining and enhancing predictive maintenance models, optimizing fleet management and streamlining operational efficiency. Applied generative AI will also be pivotal in manufacturing in the coming year, accelerating production and design iterations, and cultivating a culture of continuous innovation.

Next-gen technologies will make a major impact across industries in the coming year. They will emerge as the linchpin in autonomous vehicles and intelligent traffic management systems. These technologies will also fuel smart factories and autonomous logistics industries, pushing the boundaries of efficiency and agility. Additionally, with the ongoing electric vehicles boom, green technologies will continue to dominate the transportation industry and make significant inroads into the manufacturing sector.

Sustainable manufacturing, processing and shipping practices will be huge in 2024, reducing the environmental impact of the sector overall. In the process industries, intelligent connectivity is set to be a major investment avenue. By leveraging interconnected devices and IoT technologies, the sector can optimize production workflows, and elevate operational resilience.

Edtech and e-commerce sectors will also double down on next-gen technologies to provide a personalized and frictionless experience for users worldwide. Personalization will be elevated with productionized machine learning, analyzing intricate user patterns, gauging preferences, and tweaking their experiences accordingly. These trends could be instrumental in breathing new life for the resurgence of edtech globally.

Security works in tandem with digital overhaul, and the several cases of data breaches in 2023 have served as a reminder that security cannot be taken lightly. In 2024, businesses will seek out advanced technological support to establish hyper-secure environments across their devices, applications, and networks.

These trends point to a transformative narrative that businesses can achieve with collaborative digital transformation. Innovation, connectivity, and sustainability will be the defining aspects of 2024, and we, at Creative Synergies Group, are positive that these technological integrations will empower businesses to thrive regardless of the economic landscape.”

Mr. Amol R Deshmukh, Founder and CEO, MedRabbits- ’2023 marks a pivotal juncture in healthcare, witnessing the convergence of two dynamic trends – the burgeoning demand for home-based care driven by demographic shifts and the evolving landscape of medical tourism. As the aging population gravitates towards personalized, home-centric healthcare solutions, and with the persistent pursuit of cost-effective treatments, the demand for home healthcare services continues its ascent.

Simultaneously, in the sphere of medical tourism, this year reflects a nuanced narrative. While the allure of seeking specialized treatments abroad persists, the global landscape is witnessing a recalibration. Patients now prioritize safety, quality, and holistic care experiences over mere cost arbitrage, reshaping the very fabric of medical tourism.

These trends underscore a transformative phase where Artificial Intelligence emerges not only as a catalyst but as a linchpin. While AI’s impact on pharmaceuticals and acute care remains substantial, its integration into home healthcare and medical tourism stands at the precipice of profound change. The maturation of AI technologies promises real-time insights, empowering caregivers and transforming patient experiences, ensuring better outcomes, and amplifying satisfaction across both home-based care and the evolving paradigm of medical tourism in 2024.’

Mr. Binod Singh, CEO and Chairman, Cross Identity-  “As we bid farewell to another transformative year in cybersecurity, the challenges posed by fragmented Identity and Access Management (IAM) systems seem more prominent. This year, organizations navigated the dynamic landscape, grappling with risks of vulnerabilities and breaches. The strain of implementing multiple IAM systems was felt, draining resources and diminishing overall efficiency, compounded by the lack of a unified dashboard hindering comprehensive visibility. Against this backdrop, the recently published report by IDSA adds a poignant layer to the narrative. The report reveals a stark reality – 90% of organizations faced at least one identity-related breach in the past year, reflecting a 7.1% YoY increase. The rise in both the number and complexity of identities has fundamentally altered the dynamic of identity management, underscoring the need for a unified and resilient approach.

In response, upskilling programs emerged as a cornerstone, empowering organizations to shift from a defensive to a proactive cybersecurity stance. Foundational cybersecurity practices – from robust passwords to vigilant defense against phishing – have paved the way for a more secure digital future.

Reflecting on the year’s trends, integrating AI and ML in identity management took center stage, emphasizing precision and breach prediction. Advanced Multi-Factor Authentication, Zero Trust principles, and Converged IAM solutions emerged as pivotal components. As we navigate the path ahead, the lessons learned in 2023 emphasize the need for a strategic shift towards identity first security, leveraging advanced technologies and comprehensive strategies to fortify defenses and ensure a resilient cybersecurity posture.”

Mr. Krishna Rangasayee, CEO and Founder of Sima.Ai- “Embarking on the threshold of 2024, we stand witness to a pivotal moment in the embedded edge market, where the synergy of artificial intelligence (AI) and physical devices heralds transformative changes across diverse industries. The initial surge of generative AI unfolded predominantly in the cloud, offering a consumer-like experience. However, the real watershed moment, the second and more significant wave, is poised to occur at the edge.

OpenAI’s recent decision to pause ChatGPT Plus sign-ups serves as a signal that the cloud infrastructure faces challenges in meeting the scale and performance demands essential for mission-critical operations at the edge. This pause serves as a stark reminder of the inherent limitations of the cloud, particularly when considering scenarios involving unmanned drones or actively-used medical devices.

As we navigate the uncharted territory of multimodal AI at the edge, one thing becomes abundantly clear – 2024 will be a year marked by fundamental changes to the machinery that humans rely upon. The landscape is set for the proliferation of generative AI models tailored for specific functions, influencing not only the technical aspects but also instigating a paradigm shift in societal norms.”

Mr. Padmakumar Nair, CEO & Co-founder of Ennoventure Inc- “In today’s technology-driven era, countering counterfeiting has become a complex challenge. As businesses shift towards digital platforms, the demand for effective brand protection solutions has become critical. In 2024, the growing threat of forgery requires a proactive approach, utilizing state of the art technology based anti-counterfeit solutions. Software as a Service (SaaS) emerges as a valuable ally, providing adaptable tools to tackle the increasing presence of counterfeit products.

Authenticity holds a key role in navigating the intricate landscape of international trade. The effectiveness of anti-counterfeit SaaS surpasses a mere solution; it embodies a dedication to upholding integrity, promoting transparency, safeguarding consumer trust, and ensuring continual genuine innovation in the digital era, where counterfeiting poses a challenge to every transaction. The emergence of the anti-counterfeit software as a service trend in 2024 highlights a dedication to preserving the legitimacy of goods in the digital realm. Ennoventure Inc.’s development of these covert brand protection solutions promises a robust defense against illicit practices while adeptly adapting to the evolving counterfeit challenges.

This urgency is reinforced by a joint report by CRISIL and the Authentication Solution Providers’ Association (ASPA), which presents statistics. Almost 25-30% of all products sold in the country are counterfeit, particularly affecting sectors like apparel, fast-moving consumer goods (FMCG), pharmaceuticals, automotive, and consumer durables. These findings emphasize the seriousness of the issue, reinforcing the need for proactive measures to address the pervasive problem of counterfeit goods.’’

Mr Sandeep Agarwal, Global CTO, and Managing Director, Visionet India- “Reflecting on the insights from 2023 and looking ahead at the trajectory of the Indian IT sector in 2024, the momentum of digital transformation emerges as a pivotal lesson. The transformative trends of last year, notably the widespread integration of generative AI into daily applications, are poised to redefine innovation in India. As generative AI becomes an integral part of search engines, office software, and communication tools, its potential as a savvy personal assistant, enabling efficiency and productivity, becomes increasingly evident in the Indian tech landscape.

Furthermore, the convergence of augmented reality (AR), virtual reality (VR), and the immersive internet is dismantling the barriers between the physical and digital realms. In 2024, this trend is expected to intensify in India, blurring the lines between reality and the virtual, making the digital experience more realistic while imbuing the real world with digital-like flexibility.

Sustainable technology (ESG) is also set to play a prominent role in India throughout 2024, aligning with the nation’s commitment to environmental responsibility. As the country strives for net-zero goals, both corporations and individuals in India will leverage technology to minimise their ecological impact, contributing to the global movement towards a greener future.

In the face of an escalating cyber threat landscape, cyber resilience takes precedence. With over 500 million cyberattacks being blocked in Q1 2023, the cost of cyber security measures is projected to exceed significant sums by the end of 2024. Consequently, robust cybersecurity solutions that fortify defences and offer effective countermeasures become imperative for every organisation operating in the Indian IT sector.

In conclusion, 2024 holds the promise of an Indian IT landscape defined by continuous digital transformation, the pervasive influence of generative AI, seamless integration of physical and digital realms, a steadfast commitment to sustainable practices, and an unwavering focus on cybersecurity. The Indian tech ecosystem stands at the forefront of these innovations, poised to shape the future of technology in the country.”

Raj K Gopalakrishnan, Co-Founder & CEO, Mappls KOGO– “As we stand at the crossroads of another remarkable year, Mappls KOGO proudly embraces a future defined by our revolutionary application of AI to the travel sector. Our journey, fueled by cutting-edge AI technology, geospatial intelligence, and real-time travel data, is poised to reshape the very landscape of travel experiences. Founded with a vision to empower individuals to effortlessly plan journeys, save time, and explore the world, KOGO is more than an app—it’s a gateway to a new era in travel.

Looking ahead in the dynamic realm of AI Travel, the year ahead holds exciting prospects for further integration of artificial intelligence. From KOGONAUT- our proprietary AI chatbot providing real-time assistance to predictive analytics enhancing travel predictions, the synergy of AI and travel is set to redefine the way we explore the world. In the coming year, we can foresee technology not only meeting but exceeding the expectations of discerning travellers, making every journey a uniquely personalised adventure.

Automated bookings have ushered in a new era, simplifying the travel planning process, and making reservations and execution seamless from start to finish. At the heart of our success lies the KOGONAUT—a beacon guiding users through cultural insights, hidden gems, and unforgettable experiences. The follow-up rounds of funding not only showcase a boost in investor confidence but are also a catalyst that will propel Mappls KOGO’s capabilities and data refinement to unprecedented heights. With a user base exceeding 2 million and strong collaborations with travel brands globally, we eagerly anticipate the transformative experiences that lie ahead for Mappls KOGO and our global community of explorers. Here’s to a year filled with boundless discovery and unparalleled adventures!”

Mr. Jose Ramapuram, Marketing Director at Evolve Back Resorts- “Remarkably, in 2023, the surge in travelers seeking upscale accommodations that align with their preferences for wellness, adventure, and authentic yet immersive experiences continued. The demand for enlightening and culturally unique activities remains on the rise, with our historical treks and trails in Hampi, coffee plantation trails in Coorg, and safaris unveiling India’s biodiversity in Kabini captivating the interest of many. In keeping with this trend, we tweaked our existing experiences and introduced several new experiences for your guests. These include our Plantation 4×4, visit to the Dubare Elephant Camp, Spirit of Kabini and Elkhill 4×4.

Beyond these evolving travel preferences, a significant industry transformation has unfolded in recent years, marked by a rising call for ethical and sustainable travel. Foreseeing the environmental implications within our sector, Evolve Back’s foundational philosophy of safeguarding the ‘Spirit of the Land’ and shaping experiences rooted in local culture and heritage has taken center stage. We anticipate the enduring popularity of these trends throughout 2024 and eagerly anticipate another year of successfully crafting unforgettable experiences.”

Manish Sinha, Founder & Chief Technology Officer, PatSeer– “As we bid farewell to another transformative year in Intellectual Property (IP) research, PatSeer is proud to stand as a testament to the advancements driven by artificial intelligence (AI). In 2023, we find ourselves at the crossroads of innovation and efficiency, where AI has not only reshaped the landscape of patent research and intelligence but has also become an indispensable ally in the pursuit of streamlined operations and cost reduction.

Looking ahead into 2024, the democratisation of AI, coupled with the collaborative efforts of IP and IT teams, has ushered in a new era for the IP space. With AI’s unparalleled potential to increase efficiencies and reduce costs, patent departments are poised to witness extraordinary benefits. In the face of the US Patent & Trademark Office’s proposed plan to increase filing costs, organisations increasingly turn to AI to uncover efficiencies and cut costs.

Two prominent use cases for generative AI in the IP space that saw increased adoption in 2023 were the ability to filter complex patent documents or portions thereof into concise summaries and the ability to generate new patent application drafts that can serve as a baseline for further refinement for attorneys. Both law firms and companies are gaining from this efficiency increase. As AI use cases evolve, opportunities abound, from facilitating deeper and more complex analysis to responding rapidly to office actions.

Embracing the uncertainty of AI’s future, staying attuned to emerging trends, and actively evaluating its potential has become imperative for IP professionals. Beyond mere time and cost savings, AI provides a competitive edge crucial in the current economic climate. For those yet to explore AI’s capabilities in intellectual property processes, the time is ripe to embark on this transformative journey. By integrating AI into their practices, IP professionals can not only unlock new efficiencies but also redefine the art of IP, ensuring a future where innovation and efficiency converge seamlessly.”

New Delhi, 29th December 2023: FORE School of Management (FSM), New Delhi, held the XXVIII Convocation on Saturday, December 23, 2023 at Bharat Mandapam, Pragati Maidan, New Delhi. The event was graced by Shri Rakesh Verma, Co-Founder, Chairman & Managing Director, MapmyIndia.

Dr. Subir Verma, Director, FSM welcomed the Chief Guest and addressed the passing out students that “In FORE School of Management, we take pride in that we do not just teach you the principles and grammar of management. More than that, we build character. I know that this array in your portfolio will enable each one of you to bring laurels to yourself, your family, and to this Institute. Our best wishes are always there for you.”. He wished all the post-graduating students success and encouraged them to bring more laurels to yourself, your family, to FSM and to the nation. Our best wishes and life-long support are always for you all.

Presenting the activity report, Dr. Verma highlighted the milestones that FSM achieved for the year 2022-23.

Dr. Verma mentioned that “Our Faculty members have to their credit 95 publications including publications of high-quality research articles in A and A* star category journals along with high no. citations”.

Dr. Verma also highlighted that “Our final placements for Batch 2021-23 were both faster and better. Better was manifested in a higher median CTC, better quality of Companies and multiple job offers for students. Apart from higher salary packages, there has been an improvement in the diversity of recruiters as well. Batch 2021-2023 witnessed the participation of leading companies like McKinsey & Company, PwC India, Arcesium, IBM, Adani Group, Nestle, Bank of America, Maruti Suzuki India Limited, HSBC India, Deloitte USI, ITC, Capgemini, Gartner etc. The highest package was Rs. 30 Lakhs per annum and the average being Rs. 14.5 lakhs per annum. We are glad to inform, that placements for the batch of 2022-24 are going strong and we expect to scale even greater heights. For Summer Placements, both the highest and average stipends are higher than in previous years. The highest stipend offered was Rs. 1 Lakh per month.”

Emphasizing the importance of the role of faculty, Dr. B.B.L. Madhukar, Chairman said, “The members of the faculty at FSM are drawn from leading national and international institutions and industries, are engaged in extensive research and consulting, and possess myriad management skills. Eminent personalities and senior corporate professionals are invited from time to time to share their experiences and discuss real-world managerial practices and market opportunities and challenges with the students”. He also announced that “FORE School of Management is in the process of starting extended Campuses and Courses in various places.” He concluded his address by wishing the Post-Graduating Students Good Luck and said “Certainly, remember the institute; remember your guardians and parents, who may have sacrificed a great deal to get you here”.

Chief Guest, Shri Rakesh Verma addressed the post-graduating students “Over time, the trajectories of each will start to move differently, some will go on to do very well, some better than average and some may not be able to navigate their careers to their satisfaction. What may be those differentiating factors that will allow you to shine. The dos and don’ts. You can find many such from so many channels of information available today.” He shared a few pointers to bring focused prospective at this point i.e., Your dependability – Your Reputation – You have a clean slate when you are starting out but soon your actions will speak louder than work and your reputation will start taking shape. And opportunities flow from your reputation. You will not be taken seriously if you are not viewed as being dependable; Innovate, Innovate, Innovate – it’s about building upon existing ideas, enhancing processes, and pushing boundaries.; Dealing with Challenges – Embrace the challenges without getting demoralized or demotivated by these roadblocks; Seek Mentors – seek out mentors who can guide and inspire you; Culture of your Organisation – The culture of an organization is like its unique fingerprint, crafted by the collective beliefs, values, and behaviours of its members ; It is all about people – your success is intrinsically tied to how you build your team, and the positive impact you are able to create in the lives of your team members.”

Dr. Vinayshil Gautam, Vice Chairman while proposing a vote of thanks, addressed the guests that “ Over the years, FSM have been evolving and also made progress. But, few of the dots have become constant such as creating dependability. He concluded the convocation by quoting “You must be willing to dare if you wish to become an entrepreneur. Risk taking is necessary for profit maximization.”

A total of 900 participants including faculty members, students, parents, delegates from media, witnessed this XXVIII convocation of FSM.

Bengaluru, 29th Dec 2023: The International Cricket Council (ICC) and Coca-Cola are thrilled to announce an eight-year global partnership encompassing ICC World events across all three formats, up until the end of 2031.

The official signing ceremony which took place at ICC’s Headquarters marked a historic milestone for the partnership and demonstrated Coca-Cola’s commitment to sports. This eight-year partnership as a Global Partner of the ICC, confirmed the collaboration as one of the longest-ever associations formed by the ICC with a single brand, spanning a total timeline of 13 years (2019 – 2031).

The relationship will see The Coca-Cola Company’s brands becoming exclusive non-alcoholic beverage partners. The agreement includes all men’s and women’s events at the pinnacle of the sport including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies through to the end of 2031. During the course of the partnership, there will be both a major international men’s and women’s event every year as well as a World Test Championship Final every two years.

ICC Chief Commercial Officer, Anurag Dahiya said: “I am thrilled to welcome back The Coca-Cola Company as an ICC Global Partner as we enter a landmark eight-year partnership, which unites one of the world’s leading brands with the second largest sport in the world. This long-term collaboration ushers in a new commercial era, filled with exciting prospects for the sport. With the Men’s T20 World Cup in the USA and West Indies, and the Women’s edition in Bangladesh just around the corner, we’re poised for unprecedented global growth and engagement. This partnership not only celebrates our sport’s expansion but also promises innovative opportunities to enhance our fans’ experience worldwide.”

Bradford Ross, VP Global Sports and Entertainment Marketing & Partnerships at The Coca-Cola Company, stated, “In alignment with our rich history of global sports partnerships, the collaboration with ICC reinforces our commitment to refreshing sports fans and elevating their entertainment experiences. Sports holds immense power to unite people, and this partnership provides us with a unique opportunity to blend our brand affinity with the fervor for the world’s cricketing game. We endeavor to continue to delight consumers with our diverse portfolio and create unique experiences for fans.”

During the recent ICC Men’s Cricket World Cup India 2023, Thums Up and Limca Sportz were the exclusive beverage and sports drink partners, activating a host of online and offline fan engagement activations. Additionally, Sprite took center stage with its captivating ‘Thand rakh’ campaign, aimed at elevating and sustaining the enthusiasm of cricket fans throughout the biggest World Cup ever.

Coca-Cola has been globally committed to supporting local sporting events and organizations around the world. The Coca-Cola Company has an eight-decade-long association with the Olympics. Moreover, for over four decades, it has been associated with the FIFA, T20 World Cup, and using the power of sports to bring people together and transform lives. The recent association of ThumsUp with the Olympics and Paralympics in India is a testimony to the Company’s belief in sports and its enduring journey towards making a refreshing difference.

Unveil the essence of traditional Indian spirituality with the Hari Darshan Guggal Havan Sambrani Cups, a sacred and aromatic offering that encapsulates the beauty of age-old rituals.
Hari Darshan Guggal Havan Sambrani Cups has a sweet and earthy aroma. It is believed that burning guggal cups helps to purify the environment and creates a conducive atmosphere for meditation, prayers, and rituals.

About Guggal Havan Sambrani Cups:

• Guggal Havan Cups is one of the oldest fragrances used in Ayurveda. It is used for pooja, hawan and the fragrance purifies the environment and kills the anti-bacterial elements and harmful bacteria.
• Guggal Havan Cups are filled with natural herbs and are safe to breathe.
• These mini dhuni cups for puja are easy to use, can be carried, and burnt anywhere whether you are at home or office.

Each box contains 12 cups with a holder.

Burn Time – 25 mins Approx

Fragrance – Traditional, devotional and natural.

Make a positive and energized atmosphere precisely like the atmosphere  subsequent to leading a Havan Pooja from the prestigious house of Hari Darshan. These exquisite Sambrani Havan Cups are crafted by hand from natural materials such as flowers and Guggal. You will have a natural and healthy experience with these Sambrani Havan Cups because none of their ingredients contain any harmful materials.

Following are the key features of the Gau Stuti Havan Cups:

• Clears the airways
• Promotes peace and tranquility
• Dispels negativity
• Restores inner equilibrium
• Is best for meditation
• Offers warmth and comfort
• Pure Ingredients
• Divine Fragrance
• Easy to Use
• Spiritual Significance
• Multiple Benefits
• Eco-Friendly
• Beautiful Packaging

These Havan Cups from Hari Darshan are handy for everyday puja, rituals and festivals. Hold the Sambrani Dhoop Cups from below, light the outer rim uniformly and place the cup on the plate/heat-resistant surface.

Hari Darshan’s  entire range is now available for purchase at https://www.haridarshan.com/, Hari Darshan retail stores, and online marketplaces (Amazon, Flipkart, Jio Mart, Big Basket, Blink It, Milk Basket)

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Mumbai, 29th December 2023: Despite hardening property prices and home loan interest rate hikes in early 2023, it has been a superlative year for Indian residential real estate. Latest ANAROCK Research data indicates that housing sales in the top 7 cities have created a new peak in 2023, breaching the previous high of 2022. Approx. 4,76,530 units were sold in 2023 against 3,64,870 units in 2022 across the top 7 cities – rising by 31% Y-o-Y. The last peak in the decade was seen in 2022, after 2014, when approx. 3.43 lakh units were sold in the top 7 cities.

MMR witnessed the highest sales of approx. 1,53,870 units in 2023, followed by Pune with approx. 86,680 units. The two western markets together led residential sales in 2023.

New launches across the top 7 cities saw a 25% annual rise – from approx. 3,57,640 units in 2022 to approx. 4,45,770 units in 2023. MMR and Pune saw the most new launches, together comprising an nearly 54% share of total new launches in the year.

Anuj PuriAnuj Puri, Chairman – ANAROCK Group, says, “2023 has been phenomenal for the Indian housing sector, despite global headwinds, rising domestic property prices, and interest rate hikes over the first half this year. Housing sales in the top 7 cities breached the previous high of 2022, and new launches stayed in step with the current housing demand.”

“It was widely expected that rising property prices and interest rates, along with global market upheavals and uncertainties, would impact residential sales,” says Puri. “The market put paid to these predictions. Q4 2023 maintained the strong momentum set during the entire year with more than 1,27,370 units sold in the period. Interestingly, NCR was seen as deliberately restricting new supply in the year, to approx. 36,735 units, though it witnessed extremely healthy sales at approx. 65,625 units. With this cautious approach, NCR reduced its unsold inventory stock by a very significant 23% annually.”

Demand is likely to remain undeterred in 2024, even with average prices likely to appreciate by 8-10% across the top 7 cities. The unchanged home loan rates in the second half of 2023 helped maintain the overall positive consumer sentiment.

“While housing price hikes over the year did give rise to demand concerns, the unchanged home loan rates helped keep sales on an even keel,” says Puri. “Inflation in India has also more or less stabilized, and further hikes in the lending rate seem less than likely. The Indian economy remains bullish, and this directly correlates to residential demand. And, equally importantly, new supply is dominated by Grade A developers who are completing their projects on time. This is a strong housing demand bulwark.”

Among the budget categories, luxury housing demand increased exponentially as homebuyers continue to look for bigger livable spaces post the pandemic. The new luxury supply addition across the top 7 cities in 2023 has jumped up five times when compared to 2018. There is no reason to expect luxury housing demand to taper off in 2024.

Housing Sales Overview City-wise

Source: ANAROCK Research

Residential sales stood at approx. 4,76,530 units in 2023 against 3,64,870 units in 2022 across the top 7 cities – rising yearly by 31%. MMR, Pune, Bengaluru, Hyderabad, and NCR, together accounted for 91% of the sales in the year.

• MMR recorded the highest sales in 2023 across the top 7 cities. With nearly 1,53,870 units sold in 2023, the city witnessed an annual increase of a significant 40%.
• Pune recorded sales of around 86,680 units in 2023 – an increase of 52% over 2022.
• NCR recorded sales of approx. 65,625 units in 2023, increasing by 3% over the last one year.
• Bengaluru saw approx. 63,980 units sold in 2023 – an annual increase of 29%.
• Hyderabad recorded sales of approx. 61,715 units in 2023 – a yearly increase of 30% over 2022.
• Kolkata recorded sales of approx. 23,030 units in 2023 – an annual increase of 9% over the previous year.
• Chennai saw approx. 21,630 units sold in Chennai in 2023 – a yearly jump of 34% over 2022.

New Launches Overview – City-wise

Source: ANAROCK Research

The top 7 cities saw approx. 4,45,770 new units launched in 2023, as opposed to 3,57,640 units in 2022 – an annual increase of 25%. The key cities contributing to new unit launches in the year were MMR, Hyderabad, Pune, and Bengaluru, together accounting for 83% of the total supply addition.

• MMR saw the highest number (approx. 1,57,700) of new units launched in 2023 among the top 7 cities. Over 61% of the new supply was added in the INR 40 lakhs to INR 2.5 Cr budget segment.
• Pune added approx. 83,625 units in 2023, a significant annual increase of 30% over the previous year. Over 80% of the new supply was added in the INR 40 lakhs – INR 2.5 Cr budget segment.
• Hyderabad added new supply of approx. 76,345 units in 2023 – an increase of 12% over 2022. Over 82% of the new supply was added in the INR 40 lakh to INR 2.5 Cr budget segment.
• Bengaluru added approx. 54,435 units in 2023, a yearly increase of 11%. Approx. 92% of the new supply was added in the INR 40 lakhs – INR 2.5 Cr budget segment.
• NCR launched approx. 36,735 new units this year – a significant 45% rise over 2022. Over 51% of the new supply was added in the INR 40 lakh to INR 2.5 Cr budget segment.
• Chennai added approx. 20,140 units in 2023, a whopping annual increase of 102% over the previous year. Over 82% of the new supply was added in the INR 40 lakh to INR 2.5 Cr budget segment.
• Kolkata added approx. 16,790 units in 2023, an annual increase of just 4% over 2022. Approx. 78% new supply was added in sub-INR 80 lakhs budget segment.

Price Movement

Source: ANAROCK Research

On annual basis, housing prices rose by between 10-24% across the top 7 cities, primarily due to increased input costs and strong demand. Hyderabad recorded the highest yearly jump of 24% in average residential prices – from INR 4,620 per sq. ft. in 2022 to nearly INR 5,750 per sq. ft. in 2023.

Available inventory as of 2023-end

On an annual basis, available inventory declined by 5% in 2023-end across the top 7 cities despite strong new housing supply during the current year. Approx. 6 lakh units are available for sale across the top 7 cities in India. Interestingly, NCR saw the highest decline of 23% in unsold stock on a yearly basis – from approx. 1,23,690 units by 2022-end to approx. 94,800 units as of 2023-end. This is the first time since 2013 that NCR’s unsold stock is less than a lakh units.

 29th December 2023: Troo Good, India’s foremost millet snack enterprise, proudly announces the selection of Wunderman Thompson as its advertising agency, solidifying a multi-year, multi-crore collaboration. This transformative partnership positions Wunderman Thompson to spearhead comprehensive advertising campaigns and promotional initiatives for Troo Good, strategically conveying the brand’s ethos to its target audience while fortifying and perpetuating the brand’s market standing.

Under the terms of this pivotal mandate, Wunderman Thompson assumes responsibility for crafting compelling advertising and digital communications strategies for Troo Good across various social media platforms too. The agency’s integral role encompasses the development of communication and creative frameworks, ensuring the brand’s messaging is articulate and resonant with consumers. Wunderman Thompson is set to orchestrate Troo Good’s inaugural mass media campaign, spotlighting the brand’s distinctive attributes, centered on taste, nutrition, and affordability.

In the meticulous selection process for its advertising partner, Troo Good invited agencies nationwide to vie for the mandate. Following a rigorous shortlisting process, Wunderman Thompson emerged triumphant among 43 participating agencies, excelling in criteria such as national presence, business acumen, experience in managing comparably scaled high-growth enterprises, and a demonstrated prowess in creative communication strategies.

Troo Good, a trailblazer in the millet snacking industry, has significantly expanded its footprint from 15,000 to 30,000 outlets within the past six months. Presently operating six state-of-the-art factories, the brand’s reach extends across Telangana, Andhra Pradesh, Chhattisgarh, Odisha, Karnataka, Uttar Pradesh, and Jharkhand. Notably, Troo Good has achieved a commendable revenue of ₹53 crores for the fiscal year 2022-23, projecting an ambitious revenue target of ₹100 crores for the fiscal year 2023-24. This strategic collaboration with Wunderman Thompson underscores Troo Good’s commitment to elevating its brand presence and market share in the evolving landscape of millet-based snacks.

Speaking on the announcement, Raju Bhupathi, Founder and CEO, Troo Good, said, “Troo Good has seen exponential growth since inception. We are making heavy investments in brand building and retail to further expand on that momentum and are exploring the utilization of all possible channels to highlight the benefits of millet-based snacks to consumers and make them aware of our affordable and healthy offerings. As a means of achieving this, we have assigned our advertising mandate to one of the top agencies in the country, Wunderman Thompson, after a detailed shortlisting process. We see a strategic fit and a professional alignment in this association that will help us accomplish our marketing goals.”

Commenting on winning Troo Good’s advertising mandate, Vijay Jacob Parakkal, Managing Partner at Wunderman Thompson, said, “We are delighted to partner with the new exciting millet brand Troo Good. Our strategy weaves affordability and nutritional excellence into Troo Good’s brand story. By amplifying the brand’s unique selling proposition, we are poised to deliver a compelling narrative that not only captures attention but also reinforces Troo Good’s market distinction.”

Headquartered in New York, Wunderman Thompson was founded in 2018, after Wunderman was merged with J. Walter Thompson Co., and is an industry leader with a rich legacy of expertise in advertising, branding, digital marketing, and data analytics.

Delhi: In a remarkable achievement, Bhai Parmanand Vidya Mandir students showcased their exceptional talents at the state level solo folk dance and solo folk song competitions organized by the Department of School Education and Literacy, Ministry of Education (MOE), Government of India.

Kala Utsav is an initiative by the Department of School Education and Literacy, Ministry of Education, Government of India, aimed to celebrate and showcase the rich cultural diversity of our nation. The event underscored the dedication to nurturing diverse skills, allowing students to shine on a broader artistic platform.

School student Arhan Ansari’s dance performance not only secured first position at the state level but also earned the privilege of representing Delhi in the upcoming National Solo Folk Dance Competition. Following closely, Dron Jog, a student from Class XII H achieved the 2nd position in Kala Utsav 2023 for the Solo Folk Song Competition. The school is gearing up to participate in the national arena, showcasing the exceptional talent that distinguishes Bhai Parmanand Vidya Mandir.

Speaking on this, Pratibha Sharma, Academic Director of Bhai Parmanand Vidya Mandir, said, “These achievements not only reflect the dedication and hard work of the students but also underscore the school’s commitment to holistic development and cultural enrichment. As we prepare to represent Delhi on the national stage, the entire school community rallies behind its talented students, anticipating continued success and recognition at the highest levels of artistic achievement.”

Bengaluru, 29th December 2023 The Power Transmission and distribution business of L&T Construction has secured key orders in the Middle East region.

In the United Arab Emirates, the business has received an order for Engineering, Supply, Construction, Installation, Testing and Commissioning a 400/132kV Substation. The scope also includes associated Transformer, Reactor and Substation Control & Monitoring Systems (SCMS).

In Kuwait, the business has won an order to establish 400kV Overhead Transmission Lines along with associated 400kV Underground Cable interconnections. This transmission segment of more than 100KM route length will help to evacuate and generate power.

Additional orders have been won in ongoing substation orders in the region.

Background:

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

* Project Classification

India, 29th December 2023 CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited (Ascott), has announced the signing of a management agreement with Sensation Hospitality Avenues LLP (hospitality arm of Sensation Infracon, a real estate and hotel developer based out of Hyderabad), regarding the development of its new hospitality property in Erode, Tamil Nadu under the Oakwood brand. With a commitment to unparalleled hospitality, Oakwood Erode Resort will mark a significant milestone in Ascott’s expansion strategy across India, offering the ultimate luxury and comfort to esteemed guests. The agreement was signed in graceful presence of Mr. Hoshang Garivala, Country General Manager, Ascott International Management India Pvt. Ltd along with Dr. Bhavishya Gupta, Founder & Managing Director, Sensation Infracon Private Limited, Mr. Rohit Kumar Matta, Executive Director, Sensation Infracon Private Limited and Ms. Khushbu Kumari, Partner, Sensation Hospitality Avenues LLP.

Erode has several potential advantages making it an ideal investment destination for the hospitality sector.Located on the banks of Kaveri River and surrounded by the Western Ghats, Erode is the seventh-largest urban agglomeration in Tamil Nadu. Erode’s connectivity through the Bangalore-Coimbatore-Kerala route and the rapid infrastructural development around the district has further propelled it as travel and business destination. The start of Oakwood Resort’s development here will further elevate the fusion of contemporary amenities and regional charm, enhancing the district’s rich cultural legacy and lively neighbourhood.

Estimated to be operational by December 2026, Oakwood Erode is located strategically in Periyasemure , Sathy Road in Erode city. The hotel will have a modern façade and will feature an inventory of 90 rooms, eclectic Food & Beverage offerings, Meetings and Banqueting spaces, catering to the diverse need of every guest and ensuring delightful stay for both leisure and business travellers.

“We are thrilled to unveil our latest addition in the vibrant city of Erode in collaboration with Sensation Infracon. Nestled in the heart of the city, the new property epitomizes elegance, offering guests an oasis of tranquility and sophistication. This property embodies our unwavering commitment to redefining luxury and delivering exceptional hospitality. We’re excited to introduce guests to an experience that combines the region’s rich culture with our signature standards of service.”, said Mr. Hoshang Garivala, Country General Manager, Ascott International Management India Pvt. Ltd.

“It is our absolute delight to partner with Ascott International Management India Pvt Ltd, one of the leading hospitality brands in India and globally, for the prestigious Oakwood Resort brand and bring our latest property to Erode, a city known for its cultural heritage and economic significance. We aim to elevate the hotel to high international standards and offer our guests an exceptional stay experience while they explore the scenic beauty of the state.”, said Ms. Khushbu Kumari, Partner, Sensation Hospitality Avenues LLP.

The Ascott Limited is one of the leading international lodging owner-operators with properties across Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its portfolio of serviced apartment coliving and hotel brands includes Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, Lyf, Preference, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite, and POP! Ascott has strengthened its position as the world’s leading player and operator in hotel apartments, expanding the portfolio to over 1,60,000 units across 900 properties. In India, with the Oakwood acquisition last year, Ascott has now 6 properties in its current portfolio across the cities of Bangalore, Hyderabad, Pune and Chennai.

In the ever-evolving landscape of technology, 2023 stands as a pivotal year marked by groundbreaking innovations and unprecedented advancements. As the digital realm continues to shape the way we live, work, and connect, it is crucial to acknowledge the driving forces behind this transformative era. Enter the “Top Tech Titans of 2023,” an exploration into the formidable entities spearheading innovation and setting new benchmarks in cybersecurity excellence.

SEQRITE

SEQRITE is a leading enterprise cybersecurity solutions provider. With a focus on simplifying cybersecurity, SEQRITE delivers comprehensive solutions and services through our patented, AI/ML powered tech stack to protect businesses against the latest threats by securing devices, applications, networks, cloud, data and identity. SEQRITE is the Enterprise arm of the global cybersecurity brand, Quick Heal Technologies Limited, the only listed cybersecurity products and solutions company in India.

BARRACUDA NETWORKS

At Barracuda, we strive to make the world a safer place. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customer’s journey. More than 200,000 organizations worldwide trust Barracuda to protect them — in ways they may not even know they are at risk — so they can focus on taking their business to the next level.

ARETE

Arete is a global cyber risk company whose mission is to transform the way organizations prepare for, respond to, and prevent cybercrime. It has recently launched a Cloud Security offering. This offering aims at serving those who often have the greatest unaccounted-for risk, small and medium-sized businesses. This newly developed service is designed to mitigate risk and reduce business interruption with proactive monitoring and custom security controls informed by threat intelligence.

As our reliance on cloud computing continues to expand, the role of cybersecurity in protecting sensitive data and infrastructure becomes increasingly paramount. Through their innovative solutions, dedication to ongoing research and development, and unwavering vigilance against emerging cyber threats, these companies are at the forefront of the battle to keep our information and systems secure in the cloud. As individuals, organizations, and governments come to recognize the profound significance of cybersecurity, it is these trailblazers who stand as beacons of hope in an ever-evolving digital landscape. Cybersecurity Awareness Month serves as a poignant reminder of the continuous work required to protect our online world, and these companies are leading the way, ensuring that our data remains safe and our digital futures secure.

As we bring our journey through the top tech titans of 2023 to a close, it becomes evident that these industry leaders are not merely creators of products but architects of the future. Their unwavering commitment to innovation and cybersecurity excellence has not only elevated the tech landscape but has also redefined the boundaries of what is possible. In an era where digital prowess is synonymous with influence, these titans have proven themselves as the vanguards of progress. As we step into the next chapter of technological evolution, it is these entities that will continue to shape our digital destiny, leaving an indelible mark on the ever-expanding canvas of innovation.