Archives 2023

22nd December 2023 PhonePe, announced the launch of a new ‘Credit’ section on its platform. The new section will allow users to view their credit bureau score without any additional cost, conveniently manage their credit/ Rupay cards and repay loans and credit card bills. The Credit bureau report also provides users with summarized credit insights such as their credit utilization, credit age, on-time payments, and more.

PhonePe started with the objective of making payments ubiquitous on the UPI platform. Following its leadership in Payments, PhonePe segued into providing simple & intuitive tools for customers to achieve their financial goals by launching financial services like Insurance, Stock Broking and Mutual Funds. In today’s day and age where financial management is extremely critical, PhonePe has launched “Credit tab” where customers can easily access their credit score, repay credit card/ loans – while also being apprised on ways to improve their credit score.

Speaking on the launch, Hemant Gala, CEO, PhonePe Credit said, “We are excited to launch the Credit section on the PhonePe app, inching a step closer towards our aim of catering to the credit needs of our consumers across various segments. We believe that financial empowerment starts with understanding and managing your credit health. This launch is a significant step towards providing our users with the tools and knowledge they need to make informed financial decisions.’’

In the coming months, PhonePe will expand its credit offerings by introducing consumer loans within the app. This marks the beginning of its commitment to address the diverse credit requirements of its customer base across various segments. PhonePe is committed to building a lending platform distributing diverse products by partnering with the Banking and NBFC industry while adhering to the policy and guidelines set by the regulator. With the goal of providing accessible and responsible lending services, PhonePe is closely working with its lending partners to build a sustainable lending business.

Consumers can access the Credit Section on the homepage of their app as below:

Mumbai, 22nd December’23: Avaada Foundation, the philanthropic arm of the Avaada Group, continues to make significant strides in its mission to uplift lives for the betterment of society and has announced a transfusion blood donation drive. This unique event is set to take place on December 27th, presenting a fresh and engaging approach to addressing the persistent blood shortage in Mumbai. The initiative serves a dual purpose – supporting Tata Hospital, Asia’s largest cancer care facility, and creating awareness about the critical need for blood donations.

In India, the demand for blood occurs every 2 seconds, with an annual requirement of 14.6 million units. Unfortunately, there exists a chronic shortage of 1 million units. Mumbai, facing a daily demand of 1000 units, needs help to meet 40% or more of this need. The situation intensifies during festive seasons, exacerbating the shortage.

At Avaada Group, we firmly believe in engaging with our community, and through Avaada Foundation, our focus is on a vision that transforms lives for the better. It’s more than just a blood drive; it’s about making a meaningful impact in our community, says Vineet Mittal, Chairperson, Avaada Group.

With a particular focus on engaging the youth, while concurrently raising awareness about the critical importance of regular blood donation. Scheduled for December 27th from 9:00 am to 5:00 pm at the Avaada Foundation Office Premises in the lobby of Solaris One ( previously known as Hubtown). Attendees will have the opportunity to contribute to the blood donation drive, and actively participate in addressing the blood shortage crisis faced by Mumbai.

Bangalore, December 22, 2023 — Curated Living Solutions Private Limited, A Divyasree Group Alternative Housing Company has inaugurated its first Green Field project in Andhra Pradesh Medtech Zone in Visakhapatnam. The Project comprising 500 beds in 2 Phases has delivered 250 beds built in 50000 SF in a sprawling one-acre campus in Phase 1. The same is inaugurated on the 22nd of December 2023.

The said accommodation is intended for use by both, the employees of the Companies operating out of AMTZ precincts as well as students who enrols in the courses offered by AMTZ. The facility is first of its kind collaboration where the land is allotted by AMTZ on a lease cum sale basis while CLSPL has invested and built the facility to operate it. This is the only housing facility on the AMTZ campus as of today and is part of the ancillary infrastructure that would help in furthering its cause.

Industrial Housing, which is a fairly nascent concept in the Indian context is fast picking up pace considering the support Industrialisation is witnessing from Governments, both State and Centre. Manufacturing Companies would want some or all of their employees living within their campuses for Cost Savings, Efficiency, and Business Continuity reasons. The company intends to seize this opportunity by actively collaborating with Public Sector Undertakings, Industrial Development Corporations, and similar establishments across India.

The Alternative Housing Division of Divyasree Group represented by its Flagship Company Curated Living Solutions Private Limited operates around 10000 beds in India covering Delhi, Pune, Bengaluru, Chennai, Hyderabad, Dehradun, Durgapur in Co-living, Student Housing, and Industrial Housing Sub Verticals. Their clients include REVA University, Manipal Group, VNRVJIT, DY Patil, and Bajaj to name a few.

The Company has recently acquired a 766-bed Student Housing Accommodation in the Campus of NSHM Academy in Durgapur, West Bengal. The vertical has a healthy 1:1 ratio of Leased beds vs Owned Beds where in the first case, properties are taken on lease and operated while in the latter, buildings are acquired/built to be operated. The MD & CEO of AMTZ Dr. Jitendra Sharma says ”As the newest addition to the AMTZ campus, Ivy League strives to contribute to the campus culture by offering a unique blend of comfort, convenience, and community, fostering an atmosphere that promotes growth, collaboration, and well-being.”

Speaking on the Occasion, Chief Executive Officer Jai Kishan Challa has said, “The idea is to grow to a 50000 Beds operational size while owning at least 25000 Beds across India in the next 5 years. To enable this, we are in the process of creating a platform by raising USD 200 mn to acquire/build Alternative Housing assets in all three sub-verticals, namely Co-living, Student, and Industrial Housing.”

Mr Bhaskar Raju N, Managing Director of Divyasree Group remarked “Considering how Alternative Housing has progressed across developed Economies in the last 30 years, this is one Vertical of Real Estate Business to watch out for in India. This domain is likely to attract significant investments in the near future simply because in Purpose Built Accommodations, Rental yields coupled with services are comparable to Commercial Real Estate”

comprising 500 beds in 2 Phases has delivered 250 beds built in 50000 SF in a sprawling one-acre campus in Phase 1. The same is inaugurated on the 22nd of December 2023.

The said accommodation is intended for use by both, the employees of the Companies operating out of AMTZ precincts as well as students who enrols in the courses offered by AMTZ. The facility is first of its kind collaboration where the land is allotted by AMTZ on a lease cum sale basis while CLSPL has invested and built the facility to operate it. This is the only housing facility on the AMTZ campus as of today and is part of the ancillary infrastructure that would help in furthering its cause.

Industrial Housing, which is a fairly nascent concept in the Indian context is fast picking up pace considering the support Industrialisation is witnessing from Governments, both State and Centre. Manufacturing Companies would want some or all of their employees living within their campuses for Cost Savings, Efficiency, and Business Continuity reasons. The company intends to seize this opportunity by actively collaborating with Public Sector Undertakings, Industrial Development Corporations, and similar establishments across India.

The Alternative Housing Division of Divyasree Group represented by its Flagship Company Curated Living Solutions Private Limited operates around 10000 beds in India covering Delhi, Pune, Bengaluru, Chennai, Hyderabad, Dehradun, Durgapur in Co-living, Student Housing, and Industrial Housing Sub Verticals. Their clients include REVA University, Manipal Group, VNRVJIT, DY Patil, and Bajaj to name a few.

The Company has recently acquired a 766-bed Student Housing Accommodation in the Campus of NSHM Academy in Durgapur, West Bengal. The vertical has a healthy 1:1 ratio of Leased beds vs Owned Beds where in the first case, properties are taken on lease and operated while in the latter, buildings are acquired/built to be operated. The MD & CEO of AMTZ Dr. Jitendra Sharma says ”As the newest addition to the AMTZ campus, Ivy League strives to contribute to the campus culture by offering a unique blend of comfort, convenience, and community, fostering an atmosphere that promotes growth, collaboration, and well-being.”

Speaking on the Occasion, Chief Executive Officer Jai Kishan Challa has said, “The idea is to grow to a 50000 Beds operational size while owning at least 25000 Beds across India in the next 5 years. To enable this, we are in the process of creating a platform by raising USD 200 mn to acquire/build Alternative Housing assets in all three sub-verticals, namely Co-living, Student, and Industrial Housing.”

Mr Bhaskar Raju N, Managing Director of Divyasree Group remarked “Considering how Alternative Housing has progressed across developed Economies in the last 30 years, this is one Vertical of Real Estate Business to watch out for in India. This domain is likely to attract significant investments in the near future simply because in Purpose Built Accommodations, Rental yields coupled with services are comparable to Commercial Real Estate”

Mumbai, 22nd December 2023 HDFC Life, one of India’s leading insurers, and NKGSB Co-operative Bank Ltd, having a legacy of 106 years, have entered into a Corporate Agency tie-up enabling NKGSB Co-operative Bank customers to avail life insurance products of HDFC Life.

NKGSB Co-operative Bank is a leading multi-state co-operative bank and has always been at the forefront of adding value to its products by establishing correspondent relationships and strategic alliances. Keeping pace with changing times and changing customer habits, the bank offers digital banking solutions such as mobile banking, internet banking and SMS banking to its customer base.

India remains vastly underinsured, both in terms of penetration and density. Such tie-ups are good for the consumers, as access to life insurance products improves. This distribution creates an opportunity to penetrate the underserviced segments. NGKSB customers will be able to avail a bouquet of traditional, term, pensions and annuity products of HDFC Life.

In FY 2023, HDFC Life, known for its innovative products and customer-centric approach, has secured more than 68 million lives with an overall claim settlement ratio of 99.7%.

Speaking about the new association, Sunil Panse, MD of NKGSB Co-operative Bank expressed, “NKGSB Co-operative Bank with a Banking legacy of 106 years is delighted to enter into strategic and momentous alliance with HDFC Life Insurance Company to provide life insurance solutions that cater to various needs of individuals – protection, pension, savings, investment and annuity. This alliance reflects our Bank’s commitment in ensuring the well-being and financial security of its valued customers.”

Speaking on the launch, Suresh Badami, Deputy MD of HDFC Life said, “We are delighted to announce our partnership with NKGSB. Given their rich legacy and loyal customer base, we hope to leverage our bancassurance expertise and strong product proposition and work closely together towards achieving India’s vision of ‘Insurance for All’ by 2047.”

Mumbai, 22nd December 2023: Amazon miniTV- Amazon’s free video streaming service, has collaborated with India’s leading digital storytelling platform, Pratilipi, to launch its latest series, Dehati Ladke, into a comic adaptation. The streaming service recently premiered this coming-of-age drama series, featuring Kusha Kapila, Shine Pandey, Raghav Sharma, Tanish Neeraj, Saamya Jainn, and Aasif Khan, which has now been brought back to life in a comic version. The series, originally published as a book on Pratilipi, is currently streaming exclusively on Amazon miniTV, available on Amazon’s shopping app, on Fire TV, and on Play Store.

The comic revolves around the story of Rajat, who goes from living a simple life in the village of Gonda to navigating the hustle and bustle of Lucknow, finding his identity, chasing his dreams, and learning the true essence of life. The comic is now available to read on the Pratilipi for free of cost. Taking viewers down memory lane, compelling them to reminisce about their fun-filled teen life, the bond of college friendships, and the jitters of first love, Dehati Ladke is receiving widespread acclaim for its heart-warming storyline, relatable characters, and nostalgic factor.

Talking about this endeavor, Ranjeet Kumar Singh, CEO/Co-founder, Pratilipi said, “Bringing this slice-of-life series into the comic world has been an amazing and memorable experience. From the adaptation of a book to a series, and then to a comic, we are grateful for the support from Amazon miniTV in this journey. Pratilipi always strives to bring something unique to the table for comic lovers, and this venture has added yet another feather to our cap. We are extremely excited to see the response of readers for Dehati Ladke’s comic adaptation.”

Gurugram: KIIT World School, Sohna Road, hosted a seminar on the Common University Entrance Test (CUET) program. Empowering students with crucial insights and knowledge, the seminar focused on illuminating the significance of the CUET Examination. Stuti Gupta coordinated the seminar in association with IMS Learning Pvt. Ltd.

During the seminar, Stuti Gupta highlighted that CUET as an Entrance Test provides a centralized platform for students to explore admission opportunities in various participating universities and institutes nationwide, streamlining the application process into a single window. She pointed out the common mistakes that students often make during the exam and offered guidance on how to avoid them. Students of 12th grade were allowed to understand the culture of continuous learning and adapting to recent changes in the education system.

Neelima Kamrah, Principal of KIIT World School, said, “It was truly an enriching experience for the students, providing valuable insights into the CUET examination. The seminar offered a detailed overview of CUET’s objectives and structure. It is very commendable that students actively participated and engaged in the seminar. The exposure will certainly contribute significantly in their academic journey.”

Potential 5G enterprise applications across the agriculture value chain – from supply to in-the-field operations to production and distribution – is the motivation behind a strengthened technology partnership between Ericsson (NASDAQ: ERIC) and Australian not-for-profit organization AgriBusiness Connect.

Under a new Memorandum of Understanding (MOU), the partners aim to create new industry value by utilizing the high speed, low latency, and large real-time data handling capabilities of Ericsson’s 5G solutions in public and private networks.

The partners seek to accelerate innovative productivity and efficiency solutions for agribusiness and related sectors to secure Australia’s position at the forefront of Industry 4.0 adoption.

Founded in 2021 as AgriFood Connect, the recently renamed AgriBusiness Connect (ABC) is an incubator supporting Australian agribusinesses and the broader industry to help meet digitalization, Net Zero, and renewable energy adoption challenges.

In addition to direct agribusiness players, the Ericsson 5G partnership will address organizations supporting the sector with processing, packaging, warehousing, and transport.

The partners will target education and training for existing agribusiness workers and work to increase policymakers’ awareness of the difference 5G can make to the digitalization of agriculture value chains.

Grant Statton, AgriBusiness Connect’s Chief Executive Officer, says: “Our partnership with Ericsson is another important step in our journey to drive innovation across the agribusiness-related ecosystem and ensure that science and technology translate to the real needs of industry. With our market standing, knowledge of the sector, and ecosystem of relationships, we are uniquely positioned to orchestrate end-to-end across the agribusiness value chain. This opens the door for Ericsson and AgriBusiness Connect to create tangible pathways to prove the difference 5G can make to business, decarbonization, safety and creating new high-value skills within the agribusiness sector.”

Emilio Romeo, Head of Ericsson, Australia and New Zealand, says: “Australia can rightly be proud of its international reputation as a frontrunner in technology change adoption. In the case of 5G rollout, Australia is among the global leaders. The outcome of this partnership between Ericsson and AgriBusiness Connect could see pioneering Enterprise 5G use case ideas with the potential to transform the agribusiness value chain around the world. Partnerships like this one, working alongside the Government’s digitalization plans, are key to ensuring enterprise, industry, society and citizens benefit from 5G as soon possible.”

Ericsson has an ongoing collaboration with AgriBusiness Connect and the AgTech & Logistics Hub in the AATLIS precinct – an industrial-scale precinct in Toowoomba, Queensland. An Ericsson Private 5G system was deployed at the site in partnership with Telstra in 2022.

Bengaluru,22nd December 2023 The Tata Steel Group and PGTI will be hosting the Tata Steel Tour Championship at the Beldih and Golmuri golf courses in Jamshedpur from December 21 to 24, 2023. The tournament offers a prize purse of INR 3 crore, the largest in PGTI. The tournament will showcase an elite assembly of 75 professionals.

The Tata Steel Tour Championship is the season-ending event of the 2023 Tata Steel PGTI season. The tournament is a 72-hole stroke-play championship and there will be no cut applied. There is guaranteed prize money for all participants. The Pro-Am event preceding the tournament was played on December 19.

The format for the event is as follows: In all four rounds, half the field will play their first nine holes at Golmuri and second nine at Beldih while the other half will play their first nine at Beldih and second nine at Golmuri. From round two onwards, the leading/front half of the leaderboard (leading groups as per the scores) will play their first nine holes at Golmuri and second nine at Beldih. The prize presentation ceremony will be held at Beldih Golf Club on Sunday, December 24.

The tournament will feature a glittering field including some of the biggest names in Indian golf such as Gaganjeet Bhullar (2020 champion), SSP Chawrasia, 2022 Tata Steel PGTI Ranking champion Manu Gandas, defending champion Chikkarangappa S, 2023 Tata Steel PGTI Ranking leader Om Prakash Chouhan, Karandeep Kochhar and Veer Ahlawat, to name a few.

The tournament will decide the 2023 Tata Steel PGTI Ranking champion, a race that is likely to be a closely contested one. The 2023 PGTI No. 1 will earn a full card on the DP World Tour for the 2024 season.

D B Sundara Ramam, Vice President, Raw Material, Tata Steel cum Jamshedpur Golf Captain said: “Jamshedpur is abuzz with excitement for the upcoming Tata Steel Tour Championship. This year’s tournament is poised to be an exhilarating conclusion to the 2023 season, featuring renowned golfers vying for the prestigious title. We take pride in hosting these top-tier players and presenting the city’s lively golfing scene to the world.”

Uttam Singh Mundy, CEO, PGTI, said: “Tata Steel and PGTI have had a long-standing association and we thank Tata Steel for being a pillar of support for PGTI since its inception. The Tata Steel Tour Championship 2023 promises a grand finale to the exciting 2023 season with some of India’s leading players being part of the star-studded field even as the contest for the No. 1 position in the Tata Steel PGTI Ranking enters its final phase with a spot on the DP World Tour up for grabs. We thank Tata Steel for their continued commitment to the growth of Indian professional golf.”

The two venues, Beldih & Golmuri golf courses, are both lush green, beautiful, and very well-maintained, with the charming Dalma Hills in the background. While the Beldih Golf Course flaunts long fairways, Golmuri Golf Course is a smaller, greener, boutique course disallowing golfers any room for error.

Greater Noida, 22nd December 2023:With an ambitious vision to empower students for Industry 5.0, the School of Management at IILM University, Greater Noida, is pleased to announce the launch of an industry-leading MBA program in Management Technology.

Acknowledging the increasing significance of technology in organizational growth and management, this unique MBA program integrates technology courses with core management principles.

Delivering further insights into the course and its crucial role in the digital era, Dr. Nihar Amoncar, Director of the School of Management at IILM University, said, ”In a rapidly evolving business landscape, the need for leaders with a blend of technological prowess and managerial expertise is more crucial than ever. Our MBA program in Management Technology addresses this demand by offering a comprehensive curriculum that integrates essential technology courses with strategic management skills.”

The program is open to graduates with a bachelor’s degree in STEM (Science, Technology, Engineering, and Mathematics) and a minimum overall score of 50%. Students who enroll in this program will have the opportunity to enhance their technical skills in emerging technologies such as AI, Data Science, and Web 3.0.

Additionally, they will cultivate managerial skills necessary for contributing to the digital integration and transformation of organizations in diverse verticals.

Other key highlights of the program include specialized courses in AI for Managers, Fintech, Business Analytics, and management courses like Strategic Management, Design Thinking, Product Management, and Managing People.

Incorporating management principles with emerging technologies like AI and Business Analytics ensures that these tools are utilized effectively and are aligned with organizational objectives. Furthermore, effective management also plays a vital role in the ethical deployment of these technologies.

With an extensive focus on experiential learning, the curriculum also incorporates lab-based workshops, a CXO speaker series, internships, and activities aligned with the on-campus incubation centre.

Greater Noida, India, 22nd December 2023 – Coforge Limited (NSE: COFORGE), a global digital services and solutions provider, has announced an initiative with Microsoft Azure OpenAI Service to aid the adoption of Generative Artificial Intelligence (AI) across enterprises. Coforge’s Generative AI solutions offer enterprises a comprehensive toolkit to address complex challenges and unlock new growth opportunities using AI.

Coforge’s Generative AI solutions, using Azure OpenAI Service, support innovation by enabling creative problem-solving and optimizing processes at scale. They enhance decision-making with data-driven insights, elevate customer interactions, streamline operations, and accelerate digital transformation efforts. This collaboration between Coforge and Microsoft empowers enterprises to embrace AI’s potential for growth and efficiency across various aspects of their operations.

Coforge already has an impressive track record of developing POCs and explorations for several cases utilizing Generative AI with its clients are underway. Coforge also offers Gen AI solutions on the Azure Marketplace.

Coforge’s collaboration with Microsoft underscores its commitment to develop a collaborative ecosystem that fosters innovation, knowledge sharing, and the exchange of best practices in Generative AI adoption. As a part of the initiative, Coforge will be rolling out specialized workshops, training sessions, and resources to help enterprises understand the benefits of Generative AI and successfully implement it in their operations.

Vic Gupta Executive Vice President, Microsoft Business Unit, Coforge said, “Coforge’s collaboration with Microsoft to develop Generative AI solutions marks a significant milestone in our journey to transform enterprise possibilities. Benefitting from Microsoft Azure OpenAI Service, we are committed to delivering innovative solutions that empower businesses to embrace AI-driven transformation.”

“We are pleased to collaborate with Coforge to accelerate Generative AI adoption among enterprises worldwide,” said Sangita Singh, General Manager IT&ITES, Microsoft India. “Over the course of our collaboration, Coforge has consistently demonstrated expertise in harnessing the power of Generative AI, utilizing Microsoft Azure OpenAI Service. Their comprehensive approach to innovation, spanning research, development, and deployment of seamlessly integrated solutions, showcases their commitment to driving transformative outcomes.”

This announcement follows Coforge’s recent launch of Coforge Quasar, a Gen AI Platform designed to build Enterprise AI capabilities. It comes pre-loaded with a comprehensive set of APIs readily available for integration. Coforge also recently launched Quasar Responsible AI- a comprehensive solution to ensure AI is ethical, fair, transparent, and regulatory compliant.

Coforge’s Generative AI solutions, using Azure OpenAI Service, are poised to reshape the business landscape by ushering in a new era of AI-driven possibilities. Enterprises that embrace this initiative will be better equipped to navigate the challenges of today’s evolving business environment and seize the opportunities of tomorrow.