Archives January 2024

Bengaluru, 31 January 2024: In the spirit of festive giving, Magic Bus India Foundation announced that Marvell Technology, Inc. showcased its commitment to skill development and empowerment through – an Employee Volunteering Programme (EVP) in Bengaluru. Marvell donated 85 laptops to Magic Bus, which will be utilised for day-to-day functions and programme training across India. Marvell, a leader in data infrastructure semiconductor solutions, recognises the importance of bridging the digital divide, aiming to empower the dedicated Magic Bus staff to transform the lives of underserved youth through skill development.

As part of the Employee Volunteering Programme (EVP), Marvell employees actively engaged with Magic Bus India Foundations’ youths, providing valuable assistance in building resumes, offering tips on cracking interviews, and conducting mentoring sessions. The youths reciprocated by sharing their experiences and expressing how this exercise strengthens their skills. These collaborative efforts showcase the holistic approach Marvell takes in supporting skill development endeavours of Magic Bus India Foundation.

Arun Nalavadi, Executive Director – Sustainability and Livelihoods, Magic Bus India Foundation, said, “We are deeply touched by Marvell’s support as we forge ahead in our mission to catalyse transformative change in the lives of India’s youth. This partnership has been instrumental in propelling the youths we serve from mere efficiency to efficacy. The synergy between our organisations continues to redefine the possibilities for underprivileged youth, fostering a journey from potential to impactful outcomes.”

Mark Casper, Chief Legal Officer, and Executive Vice President, Marvell, said, “We are pleased that Marvell is continuing its long-standing partnership with Magic Bus which falls squarely within Marvell’s philanthropy and social responsibilities pillars. Our donation of laptops will help empower the next generation through technology and education, shaping a brighter future.”

Bharathi Kanuj, Company Secretary and India CSR Lead, Marvell, said “This initiative is reflective of our commitment to advancing education and narrowing the digital divide, it underscores the company’s dedication to making a positive impact in the lives of people and communities.”

The ‘Connect With Work’ programme, designed to impart employment skills such as communication, basic digital and financial literacy, problem-solving, goal setting and time management, and interview preparation, has demonstrated a profound impact. It successfully placed nearly 3000 youths from marginalized communities in dignified jobs across Bengaluru, Chennai, and Hyderabad. This achievement underscores the programme’s efficacy in creating substantial livelihood opportunities with renowned companies, including TeamLease Services Ltd, ICICI Prudential Life Insurance, Wipro Ltd, Quess Corp, among others.

 Mumbai, India, January 31, 2024: Glenmark Pharmaceuticals Ltd. (Glenmark), a leading, research-driven, global pharmaceutical company, and Ichnos Sciences Inc. (Ichnos), its global fully integrated, clinical-stage biotech subsidiary, today announced the launch of their alliance – Ichnos Glenmark Innovation – to accelerate new drug discovery in cancer treatment. This alliance combines Glenmark’sresearch and development proficienciesin small molecules with those of Ichnos in novel biologics to continue developing cutting-edge therapy solutions that treat hematological malignancies and solid tumors.

 The newly formed IGI features a robust pipeline of three innovative oncology molecules targeting multiple myeloma, acute myeloid leukemia and solid tumors currently undergoing clinical trials. Two of these molecules have received orphan drug designation from the U.S. FDA. Additionally IGI has two autoimmune disease assets that have been out licensed to leading companies.

 Harnessing the combined proficiency of over 150 scientists, IGI will leverage the capabilities of its three global centers of innovation. These comprise the Ichnos’ headquarters in New York City, NY, USA, which is focused on clinical development; the biologics research center in Lausanne, Switzerland, and Glenmark’s small molecule
research center at Mahape in Mumbai, India.

 “We are proud to announce the Ichnos Glenmark Innovation alliance, which brings together the legacy of Glenmark and passion of Ichnos to accelerate the search for curing cancer. Innovation is an integral part of our organization’s fabric and through IGI, we are confident of getting closer to our quest to develop a novel cancer drug for the world. Additionally, this will also enhance shareholder value by optimizing the cost of
development.” remarked Glenn Saldanha, Chairman and Managing Director, Glenmark Pharmaceuticals Ltd.

 Cyril Konto, President and CEO, Ichnos Glenmark Innovation, said, “Ichnos Glenmark Innovation is a collaborative venture backed by a strong, collective pipeline of novel multispecifics and small molecules. Supported by an experienced leadership and comprising a team that ardently believes in challenging the frontiers of science, IGI seeks to accelerate drug development by combining technologies, expertise, and forces while leveraging Glenmark’s footprint in India. We look forward to joining hands with other like-minded entities, including biotech companies and academia.”

As the Founder & CEO of PaySprint Private Limited, with a deep-rooted commitment to driving innovation and fostering financial inclusion, my expectations for the India Budget 2024 revolve around key measures that can propel the fintech sector forward. With over two decades of experience as a Senior Techno-Functional professional, I bring a unique perspective, anticipating policies that can support the industry’s growth and impact.

Now, as we brace ourselves for the upcoming elections, the Union Finance Minister is consciously driven to present the Union budget 2024-25, with it being a prerequisite to anticipated financial planning and fueling economic growth.

SMEs play a crucial role in the Indian Economy and are considered the driving force behind socio-economic development in India. Currently, there are more than 90 million SMEs in India, which have generated over 110 million job opportunities and contribute more than 30% to India’s GDP, as stated by Niti Ayog.

However, Despite making progress and advancing toward financial inclusion, SMEs’ potential is yet to be chased optimally. For instance, in many cases, SMEs are not bankable, due to lengthy/ complex paperwork, lower capitalization, longer duration to get credit & no-online modes for tracking of loan applications. Making these challenges one’s superpower, Business Banking solutions by SMEs should be made more accessible and convenient, by integrating services under one unified platform, making it a one-stop shop offering financial services or non-financial services, encompassing insurance, payment of taxes, utility bills, and e-ticketing.

With it being a catalyst, SMEs have found themselves non-bankable due to no credit rating as well as disturbed cash flows. The issues mainly breed around low technology innovation, inadequate product as well as less security or no collateral. To its rescue, there should be solutions such as customer innovation or reduced complexities.

By addressing these challenges and providing comprehensive business banking solutions, SMEs can unlock their full potential and contribute even more significantly to the Indian economy.

I anticipate that Contextual finance should be at the forefront, providing personalised experiences to customers’ businesses on a larger scale. Additionally, this approach would allow these platforms to use data to improve financial access and reduce costs. It is by introducing banking solutions in a way that would streamline SME operations with utmost efficiency. It is the introduction of such steps, which can propel this sector forward and help SMEs move away from the tag of underserved.

Picture this, remote account openings for businesses, effortlessly user-friendly digital banking experiences, seamless integrations that connect all aspects of our financial lives, and bespoke financial solutions tailored to meet requirements of each business.

As per the budget of 2024, we look forward to a push to opening of Current Account for SME and thereby, leading to tech solution/platform of Account Aggregator of Current Account’s along with all transactions in a single platform, thereby contributing to a better user experience, effective fund management and the ability to attract capital/funds.

Continuing the discussion related to business banking, we anticipate a breakthrough in technology, with the government introducing provisions to support SMEs in supporting the adoption of real-time banking with quick payments.

In light of this, it is envisaged that staying ahead in technology and being backed by supportive policies is not only a requirement but the need of the hour.

Additionally, the banking landscape must undergo development, with proposed investments for SMEs regarding payments, digital reforms, and small-finance banks, as underpinned by many. Also, Awareness was found lacking about government programs, implemented through banks for the development of the SME sector. Therefore, we expect intervention in this regard from the Government.

As we approach the unveiling of the budget on the 1st of February, the fintech community looks forward to policy initiatives that align with these expectations. A budget that recognizes fintech’s pivotal role in shaping financial services’ future and provides the necessary support will undoubtedly contribute to India’s more inclusive, technologically advanced, and thriving fintech ecosystem.

· Jubilant Pharma Limited, Singapore (‘JPL’), a wholly owned subsidiary, in Nov’2020 invested USD 25 Million in Sofie Biosciences Inc., USA (‘Sofie’) and currently holds 25.8% stake.

· Sofie is engaged in developing and delivering molecular diagnostics and therapeutics (theranostics). It has radiopharmaceutical production and distribution network, mature contract manufacturing services, and high-value theranostic intellectual property.

· Sofie has now entered into a definitive merger agreement with certain private equity funds managed by [Trilantic Capital Partners, North America (‘Trilantic North America’)], a US private equity firm. The merger transaction is expected to close by 30th June 2024, subject to customary conditions and regulatory approvals.

· Consequently, JPL plans to sell its entire 25.8% equity stake in Sofie for aggregate proceeds of about USD 139.43 Million, including certain preferred returns. Of this, USD 113.63 Million (subject to certain customary adjustments at closing) is expected to be received upon completion of the merger while receipt of balance sum of USD 25.8 Million is contingent upon achievement of certain future milestones. JPL plans to use these proceeds to reduce leverage and for capex and other corporate purposes.

New Delhi, January 2024 – Novotel New Delhi Aerocity, is poised to underscore its dedication to sustainability with the introduction of an Electric Vehicle (EV) charging station in collaboration with Charge Zone. This strategic step aligns with the hotel’s broader vision of incorporating eco-friendly practices into its operations, further solidifying its position as a frontrunner in sustainable hospitality.

 Conveniently situated near the porch, the EV charging station at Novotel New Delhi Aerocity offers guests an accessible and efficient way to charge their electric vehicles while enjoying various amenities. This service is available to guests staying at both Novotel and Pullman, reinforcing the hotel’s dedication to providing sustainable solutions. Demonstrating a long-standing pledge to environmental responsibility, the establishment
has implemented various eco-friendly initiatives on its premises.

 Within its array of sustainable initiatives, the property boasts a 5500 sq ft herb garden dedicated to organic farming, an operational glass bottling plant that further reinforces the establishment’s sustainable practices. This commitment extends to the reduction of single-use plastics in the hotel, aligning with brand-wide initiatives to eliminate single-use plastic by 2050. Significantly, the hotel has substituted in-room amenities, plastic straws,
and stirrers with sustainable alternatives. The incorporation of Fairtrade-certified and labelled products, like Kimirica and Oriental Lotus amenities, emphasises the establishment’s pledge to ethical and environmentally responsible practices.

 “We are happy to announce the launch of the EV charging station at Novotel New Delhi Aerocity. It not only symbolises our dedication but also provides a practical solution for our discerning guests who increasingly prioritise eco-friendly options,” expressed Mr. Vineet Mishra, Cluster General Manager, Pullman & Novotel New Delhi Aerocity.

 Novotel New Delhi Aerocity seamlessly integrates environmental consciousness with unparalleled comfort. The EV charging station’s launch is a pivotal step in the hotel’s journey towards a greener future, setting new standards in responsible hospitality.

Bengaluru (India), January 31th, 2024: In a significant development, HirePro, an AI-powered recruitment automation firm, has announced a profound brand promise, centred around the theme of ‘Fearless Hiring’. By delivering Fearless Hiring, HirePro aims to redefine the landscape of talent acquisition, ensuring operational efficiency and instilling a profound sense of confidence and fearlessness in the hiring decisions of recruiters. The brand promise is built on the pillars of AI-powered cutting-edge technology, profound expertise, and impeccable service.

With a history of making hiring processes frictionless, the company takes a bold step forward with a commitment to Fearless Hiring, promising both functional and emotional benefits to its clients. The strategic repositioning establishes how HirePro converts the stress of recruiting large numbers into the joy of hiring and makes the unpredictable world of hiring predictable. The company aims to leverage the power of new-age innovation and next-gen intelligence alongside two decades of transformative recruitment experience to unleash a brave new era of high-volume hiring. Its AI-powered platform expedites various aspects of the hiring process, emphasizing automation to streamline sourcing, screening, assessments, interviews, and onboarding.

Following the announcement, Mr. S Pasupathi, Chief Operating Officer, HirePro elaborated, “A year ago, amid post-pandemic uncertainties, I sat across from a Fortune 500 Talent Acquisition Head grappling with the stress of a substantial hiring mandate. As our conversation unfolded against this looming backdrop of uncertainties and challenges, revealing HirePro’s offerings and track record, relief and optimism replaced his initial anxiety.

This scenario wasn’t unique; leaders often oscillate between excitement and fear in challenging times. The realisation dawned that, to take on challenges, one needs more than technology – a partner to inspire belief, instil confidence, and embody fearlessness to pursue any and every audacious goal. This sparked ‘Fearless Hiring,’ a commitment to be unyielding in the pursuit of the best talent, powered by cutting-edge technology, deep expertise, and impeccable service to unlock the joy of achievement for our clientele.”

Through this repositioning, HirePro is set to redefine the hiring landscape with advanced AI-powered innovative solutions and tailored service. It includes a website overhaul and logo updates designed to enhance the user experience. These visual changes are in line with the theme of Fearless Hiring, ensuring an immaculate experience for customers.

This strategic repositioning is a pivotal moment in HirePro’s journey, symbolising a continued commitment to revolutionising the recruitment industry. It aims to not only alleviate the stress associated with large-scale hiring but also foster streamlined hiring processes and costs, and sustainable growth for businesses.

Nitya Sharma, Founder and CEO, Checkout Network, Simpl’

 The Indian startup sector, if nurtured well, has the potential to significantly accelerate commerce in the country, elevate people’s lives and fastrack the journey of India’s internet economy to $1 trillion by 2030. While the early initiatives have helped establish India as the third largest startup ecosystem, the next decade of growth would be set by the decisive calls taken now in strengthening the ecosystem. This year’s Vote on Account followed by the full year’s Union Budget should view startups as the sunrise sector, provide easy financing for sellers akin to MSMEs and open up more avenues in the era of Unbundling of E-commerce which has started with ONDC. We would expect a greater collaboration between the government and industry in further simplifying the Ease of Doing Business in India and resolving bottlenecks swiftly.

   Siddharth Banerjee, CEO, UNIVO Education
“India has the potential to emerge as a global superpower in education. Aided by the framework of the NEP 2020 and the recent positive developments for the online higher education industry, we are well positioned to accelerate our GER from current 27% levels. Given the importance of quality online education, the government will surely consider relevant Tax exemptions and lower GST rates to bridge the skill gap, along with encouraging reduced and subsidized interest rates on educational loans for aspiring students across the nation. Online Higher Education in India goes across socio- economic strata and across Metro/ Tier 2-3-4 cities and we look forward to continued support from
the government to continue aiding the nation-building efforts by providing quality higher education and helping improve lives and careers.”

 Ujjwal Singh, Founding CEO, Infinity Learn by Sri Chaitanya
The onus of Viksit Bharat@2047 rests on the shoulders of our youth in India. Therefore, education stands as a cornerstone for global prominence. We appeal to the government to join us in surmounting the challenges that plague our education system. Bridging the digital divide is imperative, and we propose fortifying the digital backbone of educational institutions across the nation. Our plea includes substantial support to make education accessible and inclusive for all, transcending geographic and socio-economic barriers.
In this context, we seek tax exemptions and lowered GST rates, aligning with our mission to narrow the educational gap. Additionally, reduced and subsidized interest rates on educational loans are crucial for fostering optimal growth and development within the education sector, paving the way for affordable education for every aspiring learner.
With optimism, we look forward to the 2024 interim budget, envisioning its potential to transform the EdTech sector into a resilient, reliable, inclusive, and innovative force. Our collective goal is to ensure that every child has the opportunity to learn, grow, and contribute, embodying the spirit of ‘Baccha Seekha ki Nahi.’

 Mr. Akshay Munjal, Founder & CEO, Hero Vired “Anticipating the Interim Budget 2024, our
expectations center around fostering the growth of startups and establishing a robust policy framework for an enduring ecosystem. To promote research and development in the education sector, we call for a review of the 18% GST on education services, aiming to alleviate financial burdens. In this budget, emphasis must be placed on skill development, accompanied by a crucial need for the recognition of online degrees, which enhances the credibility and overall operations of EdTech firms. Additionally, we anticipate comprehensive support through priority-sector lending, facilitating all-encompassing expansion for both conventional and modern education. To forge a digitally proficient and futuristic educational system, the acceleration of technological adoption to boost the skilling industry is paramount. Smooth access to funds becomes equally critical in this pursuit. The budget’s potential to invigorate the EdTech sector lies in expediting innovation,
improving accessibility, and fostering inclusivity through policies that create a harmonious
environment for sustained progress.”

Dr. Dhruv Galgotia, CEO, Galgotias University
“Dr. Dhruv Galgotia, at the helm of Galgotias University, eagerly anticipates a budget that not only prioritizes education but harmonizes seamlessly with the ambitious ‘Viksit Bharat@2047’ vision. The recently unveiled 2023-24 budget, allocating a record Rs 1.12 lakh crore to education, raises expectations with an impressive 8.26 percent surge, marking a substantial increase of Rs 8,621 crore from the previous year. Aligned with the holistic goals of Viksit Bharat@2047, encompassing economic growth, social progress, environmental sustainability, and good governance, Dr. Galgotia underscores the crucial
need for a budget that integrates AI and technology into education. This integration stands as a pivotal step towards aligning the educational system with the future demands envisioned by the Prime Minister’s initiative. Looking forward to 2024, Galgotias University sets its sights on pioneering pedagogical approaches tailored to the 21st-century landscape. Actively investing in advanced teaching methodologies, fostering interdisciplinary collaborations, and cultivating an environment that champions exploration and creativity, the institution’s forward-looking approach goes beyond conventional education, aiming to empower students with the skills, mindset, and resilience necessary for success in our ever- evolving global landscape.”

Devroop Dhar, Co-Founder & Managing Director, Primus Partners
From the perspective of the IT and Tech industry, the forthcoming Union budget is the right platform to consider expediting Government expenditures directed towards the creation and improvement of digital public goods, with a particular emphasis on domains like healthcare, education, agriculture and MSMEs. Introducing a comprehensive digital initiative for family-based benefits could prove instrumental in ensuring the widespread implementation and saturation of schemes, leaving no eligible beneficiaries overlooked.
With significant discussions and deliberations on AI during the recently concluded G20 summit, there is a likelihood that the Government may focus on advancing and localizing AI, particularly generative AI. Incentives for startups and innovators in emerging technologies such as AI and blockchain may also be on the cards. Quantum computing is another sector where we anticipate further Government attention and financial support.
Now that the Digital Personal Data Protection Act is in effect, the Government might shift its focus towards fortifying data protection and cybersecurity measures across public institutions, critical sectors, and sensitive installations. Another anticipated outcome from the budget includes clear and comprehensive guidelines and policies regarding crypto regulations and the future trajectory in this domain.

 Mr. Gaurav Aggarwal, CEO and Founder, CarLelo, A Capri Loans Venture
“The landscape of online new car sales has experienced a substantial surge over the past 4-5 years, driven by an increasing preference for consumers buying cars digitally.  We are expecting some key developments from the budget like a reduction in the GST rate that will support home-grown players in investing in newer technologies for enhanced mobility offerings on a global scale. Then, re- evaluation of the import structure for electric vehicles is also sought to address disparities in GST rates, providing a much-needed boost to the start-up community through government loans and investments. As an online new car market player, we are closely monitoring these developments, recognizing their potential impact on the electric vehicle market. Our commitment is to adapt our platform to the evolving landscape, ensuring that our customers have access to the latest and most sustainable automobile options. We look forward to the Union Budget introducing measures that not only support the growth of the electric vehicle industry but also contribute to a more sustainable and eco-friendly future.”

 Mr Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd.
“The visionary stance of the Union Budget 2023-24 towards sustainable mobility played a pivotal role in the successful realization of the target of 1 million electric two-wheelers, providing crucial support to the industry. Looking ahead to the Union Budget 2024-25, there is anticipation for a further boost in support for Electric Vehicle (EV) infrastructure in the country. Optimism surrounds the potential reduction in both input and output Goods and Service Tax (GST) for EVs and spare parts—a move that would significantly enhance accessibility and broaden the reach to the masses. Additionally, hopes are high for increased financing opportunities, propelling research and development to a larger scale. This, in turn, would open doors for substantial investments in the ecosystem, accelerating India’s overall adoption of electric vehicles. A crucial aspect lies in the call for added incentives specifically directed at Indian Original Equipment Manufacturers (OEMs), aiming to stimulate advancements in localizing EV technology, fortifying the indigenous industry, and contributing to a more self-reliant and progressive economic landscape for the industry.”

SK Chaudhary, Founder Director, Safex Chemicals
“I anticipate Budget 2024 to be a catalyst for transformative change in agriculture. With India’s imminent elections, the government’s focus on our sector is crucial. I urge increased allocation for research and infrastructure development. Strategic investments in irrigational infrastructure will significantly contribute to the growth and sustainability of Indian agriculture. The persistent challenge of El Niño has exposed the vulnerabilities of agriculture by impacting not only yields but also livelihoods. Hence, it is important to allocate funds to research institutions for developing climate tolerant crops. These strategic investments in irrigation & research will mitigate the impact of climatic uncertainties, fostering resilience in the agrochemical industry. I believe, together, we can
cultivate a brighter, more resilient future for our farmers and the nation”. Pre-budget quote by Unicommerce “India’s vibrant retail sector, supported by the expanding e-commerce ecosystem, continues to evolve to meet the needs of its users.Over the years, the government has integrated technology tools to simplify taxation, streamline logistics and promote the use of e-commerce to boost exports. We anticipate continued support of the government in facilitating the use of technology to make India’s retail sector future ready and aligned with growth opportunities. At Unicommerce, we look forward to supporting this.”

Mr. Rohit Arora, CEO and Co-founder, Biz2Credit and Biz2X
“We anticipate a budget that prioritizes financial inclusion and ease of doing business, fostering a conducive environment for growth. Measures such as simplified regulatory procedures and reduced compliance burdens can empower startups and MSMEs, promoting a more agile and competitive landscape. Access to affordable credit remains a cornerstone for these entities; thus, the budget should consider incentivized lending rates, credit guarantee schemes, and increased funding channels to enhance financial resilience. Targeted tax incentives for research and development activities can further stimulate innovation within these sectors. In alignment with the digital era, investments in
digital infrastructure, cybersecurity, and skill development are essential for the sustainable growth of startups and MSMEs. A comprehensive budget addressing these expectations will not only fortify their financial foundations but also propel these sectors to play a more significant role in driving economic recovery and job creation.”

 Raj Ramachandran, Partner, JSA Solicitors and Advocates
Incentive for new manufacturing domestic companies under section 115BAB of the Income Tax Act: The benefit of a concessional income tax rate of 15% applicable to new manufacturing domestic companies is expected to be extended beyond March 31, 2024. When originally introduced, the condition was that the new manufacturing domestic company should have set up and commenced manufacturing on or before March 31, 2023, which was extended by a year in the 2023 budget. Given the focus on domestic manufacturing, and to provide the necessary incentive and attract more investments, an extension of the date is expected. More sectors to the benefits of production-linked incentive scheme: Currently, about 14 sectors are covered under the production-linked incentive scheme. The various stakeholders are expecting more sectors being covered under the PLI scheme, and these include handicrafts, jewellery, etc. These are typically sectors which are localised and have the potential to generate employment opportunities, boost exports, and will further augment the “atmanirbhar” goal. Easing of rules for domiciling companies in India To encourage companies to domicile in India, the investor and promoter companies expect that the Government will ease the rules of domiciling/ re-domiciling. These could include tax benefits, clarity on taxation on transfer/ swap/ sale of shares, and easier procedural norms under foreign exchange regulations. This would in the short term help with generation of employment opportunities, foreign capital for operations, and also create the environment for such companies to consider accessing
capital markets in India. Rooftop solar: An additional push for rooftop solar power (under the Suryodaya Yojana) is also expected. The stated intent of the scheme is to reduce the electricity bill of the poor and to make India self-reliant in the field of energy. As per reports, the government’s expectation was to achieve installation of 40 GW in rooftop solar, although up until recently, the installed capacity has been only about 12
GW, out of which over 75% are non-residential. Adoption of the technology will not only result in lower electricity bills, but result in sustainability and reduce the carbon footprint.

Leading holistic wellness brand Rasayanam is entering the retail market, starting with Apna Chemist, a medicine delivery company under Parsa Group, Genitech NSAN Pharmaceutical Private Limited. This expansion is poised to not only enhance accessibility but also introduce a commitment to fast and reliable delivery through Apna Chemist outlets.

Rasayanam, a stalwart in the realm of holistic well-being, is known for crafting Ayurvedic formulations backed and proven by modern science. Now, individuals seeking natural and holistic wellness solutions can experience the added convenience of fast delivery, ensuring that Rasayanam’s products reach them swiftly through Apna Chemist outlets on the same day.

The expansion underscores the importance of authenticity and efficacy in holistic health solutions. Rasayanam’s commitment to creating formulations prioritizing purity and effectiveness aligns seamlessly with Apna Chemist’s dedication to providing high quality healthcare products quickly. This collaboration extends beyond transactions; it empowers consumers to make informed and health-conscious choices with the added assurance of prompt delivery.

“We are happy to share the news that Rasayanam is expanding its wings to the retail segments, beginning with Apna Chemist. Our customers should get their beloved products at the earliest. Whilst we are taking steps to enhance the same-day delivery experience, we decided to make it a minute delivery experience by expanding in the retail market.” Ayush Aggarwal, Founder, Rasayanam

Mumbai, 31st  January 2024: Madame Tussauds New York, the world-renowned wax attraction, today revealed the wax sculpture of the eminent “Yoga Guru” Swami (Baba) Ramdev, at an event graced by the presence of the yoga guru himself. The wax figure will be available for fans to meet and interact with at Madame Tussauds New York.

Baba Ramdev, recognized as a new-age youth idol for his inspirational approach to yogic practices, has effectively influenced individuals of all ages, promoting healthy living through Yoga and ancient Ayurvedic treatments. His noteworthy contributions to Ayurveda, Business, and Agriculture have garnered him a dedicated global fan base. The unveiling of his wax figure serves as both a gift to his audience and a tribute to the yogi who continues to inspire millions, reflecting the unwavering faith of his followers in the present and projecting into the future.

Speaking on behalf of Madame Tussauds New York, spokesperson Tiago Mogo Douro remarked, “Today, we are delighted to unveil the wax figure of Baba Ramdev. His commitment to society through the promotion of Yoga, introduction of Ayurveda culture, and advocacy for healthy living is truly a gift for us all. This moment is a source of pride for us, having the figure of this charismatic personality displayed in our world famous, Madame Tussauds New York wax attraction.”

He continued, “The unveiling transcends the immortalization of the yoga guru in a wax figure, it stands as a testament to the profound impact and global reach of his teachings. Baba Ramdev’s figure represents a harmonious blend of spiritual wisdom and health, mirroring the admiration and respect he commands worldwide. We take immense pride in honouring his contribution to yoga and wellness, anticipating that his presence will inspire our visitors to embrace the journey of self-improvement and holistic wellbeing.”

Speaking on the occasion, Yog Rishi, Swami Ramdev said, “Today it is a moment of great honor as my wax figure in ‘Tree Pose – a classic standing posture which establishes strength and balance’ – has been unveiled at Madame Tussauds New York. I consider this as an important recognition of the global influence of Indian culture, especially Yoga and Ayurveda.

This wax figure symbolizes much more than my personal journey. It represents the ancient and spiritual wisdom of India which is based on the principles of ‘Vasudhaiva Kutumbakam’ and “Sarve Bhavantu Sukhinah, Sarve Santu Niramaya” which present the ideal of life.

Furthermore, I would like to express my gratitude to Madame Tussauds for this honor and all those who have embraced the teachings of Yoga and Ayurveda. Let us continue to share this Indian heritage with the world, and foster a healthier and more harmonious global community.”

Baba Ramdev, the co-founder of Patanjali Ayurveda Ltd, one of India’s largest and most prestigious Ayurveda businesses, has played a pivotal role in encapsulating the true essence of Ayurveda, blending ancient wisdom with the latest technology. Madame Tussauds artisans, in a previous visit to London, meticulously took over 200 exact measurements and pictures during the figure sitting with Baba Ramdev, ensuring a realistic resemblance in the creation of his wax figure.

January 31st, 2024:TECNO, the global smartphone brand, is turning their slogan “Stop At Nothing” into reality and making premium hardware and software tech accessible for Indian consumers with the unveiling of the SPARK 20 – the latest addition to its all-rounder Spark series on January 30, 2024.

Before delving into the details, the teaser of the smartphone on Amazon and TECNO’s social handles reveals a premium-looking device in the hands of mesmerizing Deepika Padukone. Shifting gears in 2024, TECNO with its dynamic brand ambassador, seem to already be makingbold moves into the future of making innovation more stylish and catering to the evolving needs of today’s users.

SPARK series from TECNO has consistently won the hearts of users, being the go-to all-in-one smartphone that checks all the boxes for a complete user experience. Now, taking it up a notch, TECNO’s latest addition is here to serve THE UNCOMPROMISED user experience.

The journey of crafting the Spark 20 started with a simple question: What do Indian consumers really want in a smartphone? Are they giving up some cool features for others? This proudlyMade-in-India smartphone challenges the status quo!

Designed specifically for today’s dynamic Indian users who want it all – crazy storage, epic camera, and a sleek design – the TECNO SPARK 20 delivers the whole package without breaking the bank!It’s the smartphone that refuses to compromise on experience!

With a mind-blowing 256GB storage and a cool 8GB+8GB RAM combo, unheard of in the segment, this device makes space for saving all your precious memories. Further, Spark 20 flaunts a segment-first32MP front camera and a whopping 50MP rear camera, perfect for everyone wholoves takingultra-clear selfies for Instagram or capturing breathtaking landscapes. And why should users have to compromise on design just because they are not paying a hefty price for the device? This smartphone is designed for perfection, showcasing a sophisticated ultra-premium design that effortlessly blends style with functionality.

And there’s more to love! The SPARK 20 goes the extra mile, catering to those who live for entertainment. By including a complimentary OTT Play premium subscription valued at ₹5604, Spark 20 offers a whopping 23 must-watch OTT platforms right to their fingertips, making it an ultimate value-for-money smartphone.

So be ready to experience this all-rounder as TECNO is dropping the Spark 20 series at nearby retail outlets and on Amazon, ensuring every detail is UNCOMPROMISED!