Archives January 2024

Bengaluru: A team of medical professionals from Ramakrishna Super Speciality Hospital at Jayanagar has successfully treated chronic multiple fistulae-in-ano of a 39-year-old person from Somaliland, Africa. Ahmed (name changed), the patient who is a health inspector, was referred to the hospital for treatment by the Head of the Department of a reputed medical college.

Ahmed’s was a complex case involving multiple fistulae-in-ano (six fistulae, comprising high and low types), which led to recurrent pus discharge, pain, and compromised quality of life over a prolonged period. The patient had a history of diabetes and suffered from recurring perianal abscesses over the past year. He had been operated on at his hometown by surgeons with no permanent relief in sight.

Soon after Ahmed was brought to and admitted at the Ramakrishna Hospital, a team of doctors and the Minimally Invasive Proctology department conducted a thorough diagnosis, which involved performing a Transrectal ultrasound and MRI fistulogram to assess the extent of the fistulae. A limited colonoscopy was also carried out to eliminate the possibility of inflammatory bowel disease and tuberculosis.

Dr Rajeev Premnath, General Laparoscopic Surgeon and Endoscopist, Minimally Invasive Proctology Department at Ramakrishna Hospital, elaborating on the procedures, said, “Considering the intricate nature of the fistulae and the presence of multiple tracts, a two-stage surgery was planned to safeguard the anal sphincter. A fistula is characterized by an abnormal connection between the skin and mucosal surface, causing a recurrent discharge of pus and discomfort. As for the anal region, it specifically denotes an anomalous link between the anal canal and the surrounding skin, leading to persistent pain and discharge.”

During the initial surgery, fistulectomies were performed using a laser for the low fistulae, along with the protection of the anal sphincter complex. For the high fistula, a Seton application was employed. Seton is a thread-like material used to maintain openings in the body, facilitating drainage and promoting healing in conditions like abscesses or fistulae, explained Dr Premnath.

Following a smooth post-operative period of two months, Ahmed underwent a second surgery for the high fistula, involving the removal of the Seton. Subsequently, post-procedure observation for three months revealed successful healing and the patient recovered well, returning to his home country hale and hearty.

“When ignored, a fistula can increasingly complicate over time, affecting the individual and quality of life. The more intricate the fistula, the more complex the surgical procedure, heightening the risk of harm to the anal sphincter. Consequently, early diagnosis and treatment are crucial for effectively managing a fistula. This case illustrates a staged approach to complex fistulae, emphasizing the significance of protecting the anal sphincter,” summed up Dr Premnath.

“I express my profound gratitude to the doctors and the entire team at Ramakrishna Super Speciality Hospital for their unwavering support and utmost care during my treatment,” beamed Ahmed, adding, “I endured a challenging period of suffering before seeking medical attention. Dr Premnath and his team offered me a beacon of hope, and with their dedicated support, I have achieved a complete and robust recovery, returning home with a sense of relief. Words truly fall short in conveying the depth of my appreciation for them.”

New Delhi 31st January 2024 – Mrs. Namrata Singh, emerges victorious as the Golden Face of South India 2024, amidst a dazzling evening celebrating beauty, talent, and a noble cause. The prestigious Golden Face of South India 2024 event, held recently, marked not only a celebration of beauty but also a profound commitment to a noble cause – raising awareness about skin donation for acid attack victims. The event was orchestrated through the collaborative efforts of visionaries Gopinath Ravi and Saravanan from Wyndow Entertainment, alongside Hemanth, the Founder & CEO of ACTC Studio.

Distinguished chief guests Amy Jackson and Shreya Saran graced the event. Also, the event was graced by AL Vijay, the director and chairman of Wyndow Entertainments along with Paravati Nayar, the brand ambassador of Wyndow Entertainments.

The event drew over 1000 registrations from Tamil Nadu, Karnataka, Telangana, and Kerala. Beyond its glitz and glamour, GFSI stands out as a noteworthy event with a commendable mission of aiding acid attack victims.

Mrs. Namrata Singh, who is also a diet counselor with her elegance and charisma, stood out among the talented participants, reflecting the essence of the pageant’s vision. Her journey, marked by dedication and passion, underscores her commitment not only to the world of beauty but also to the advocacy for social causes.

Expressing her gratitude, Mrs. Namrata Singh shared, “I am deeply honored and humbled to be bestowed with the prestigious title of Golden Face of South India 2024. Participating in events like these is not just about showcasing outer beauty but also about contributing to noble causes that impact lives positively.”

GFSI, introduced by Wyndow Entertainments, serves as a platform to unearth and celebrate budding talent while championing meaningful causes that resonate with societal welfare. The evening was a vibrant tapestry of talent, glamour, and advocacy, symbolizing the spirit of inclusivity and empowerment.

Through initiatives like GFSI, the beauty pageant fraternity continues to redefine beauty standards, fostering a culture of acceptance and compassion.

As Mrs. Namrata Singh embarks on this remarkable journey as the Golden Face of South India 2024, her presence promises to inspire generations, resonating with the values of beauty with purpose and compassion.

 31st Jan 2024: PhonePe’s Indus Appstore, in collaboration with Startup India, today announced the launch of the Indus Appstore Emerging Startup Awards. This initiative, set to run from January 16th to March 30th, 2024, will identify and celebrate the most innovative and impactful startups across various key sectors, including Fintech, e-commerce, social impact, HealthTech, AgriTech, and gaming.

The Indus Appstore Emerging Startup Awards, are designed to provide a level playing field for emerging startups in India, thereby positioning them to compete with global players. This aligns with the overarching goal of bringing Indian entrepreneurship to the forefront of the global stage. The awards are aimed at identifying and applauding startups that demonstrate exceptional innovation, potential for growth, and a positive impact on the market. Startups registered under the Startup India initiative, operational for at least one year, and having their applications listed on the Indus Appstore Developer Platform, are eligible to participate.

This initiative features a prize pool of Rs 12 lakhs INR, with Rs 2 lakhs INR allocated to the winner in each category. Beyond the financial rewards, winners will secure direct entry into the Indus Accelerate Program – which brings an opportunity for Developers to cut the clutter and make their Apps standout amongst the crowded App markets, by providing them higher visibility, optimized user acquisition avenues within the store and ability to market and build their identity within the entrepreneurial community.

The awards are a testament to Indus Appstore’s commitment to encouraging Indian startups to build applications and solutions that cater to both local needs and global aspirations.

Speaking on the initiative Akash Dongre, Co-founder/CPO of Indus Appstore, said, “We are thrilled to collaborate with Startup India for the Indus Appstore Emerging Startup Awards. Our goal is to foster a vibrant ecosystem where Indian entrepreneurs can thrive and create solutions that cater to our unique market. The awards are not just about recognizing talent; they are a testament to our commitment to empowering startups to build for India. We believe that these awards will ignite the spirit of innovation and contribute significantly to the Indian startup landscape.”

Speaking on the latest season of Indus Appstore Emerging Startup Awards, Aastha Grover, Head- Startup India, said, ‘Startups that embrace innovation are better equipped to adapt to market volatility, identify new trends, and seize emerging business opportunities. They are agile, flexible, and quick to respond to market needs, giving them a significant advantage over their counterparts. Through this program, Phone Pe is recognizing some of the finest and most talented innovators who hold the potential to transform the startup landscape.

How to Apply

Interested startups can apply by uploading their app on the Indus Appstore and completing the required questionnaire on the Startup India website. The winners will be announced on 30th March.

New Delhi, 30 January 2024: PNB MetLife, one of India’s leading life insurers, has launched 10 new branches across India. This strategic expansion reflects the company’s continuing commitment to enhance customer service for its growing clientele.

With a network of 149 branches, PNB MetLife is able to offer customer-centric products and solutions customers across the country. The convenient and seamless access to the full spectrum of services at its branches ensure an enhanced and personalized experience for all customers.

The 10 new branches are set across India in key markets for PNB MetLife: New Delhi, Ujjain, Ayodhya, Betul, Bhadrak, Ongole, Kota, Perinthalmanna, Kanpur and Bhubaneshwar.

Commenting on the launch, Sameer Bansal, Chief Distribution Officer, PNB MetLife said:

“Opening 10 new branches in key cities across India is a pivotal milestone for PNB MetLife and marks a continuing investment in delivering services to our customers, wherever they reside. This expansion, complemented by our extensive network of banca partner branches, brings our total access points across to over 18,000 in the country.”

He additionally pointed out “Supplementing our physical presence in the country are our digital tools and our active outreach to remote areas, which means that customers can file claims, check on their policies, and do much more. We are proud to fully embrace “phygital” in delivering the type of interaction our customers want and need, wherever and however they choose.”

The launch of these new branches is in line with PNB MetLife’s strategy to better serve the needs of the evolving customer base across the country by giving them the choice and ease to be connected with the organization.

The 8th Edition of The Times Group Global Business Summit (GBS), one of the largest conclaves of its kind in Asia, is scheduled to take place on February 9 and 10, 2024 at Taj Palace, New Delhi –India. This year, Hon’ble Prime Minister Narendra Modi will set his vision for a New India at the summit and will be complimented by other key cabinet ministers that will underscore that goal for the country.

 Deliberations will pivot on the theme of Disruption, Development, and Diversification, where global leaders from across the world, such as; Bill Winters, CEO, Standard Chartered Bank; Jennifer M. Johnson, CEO, Franklin Resources Inc; Ravi Kumar S, CEO, Cognizant; Michael Schoellhorn, CEO – Defence and Space, Airbus; Andrés de León, CEO, Hyperloop TT; Michael Spence, Economist & Nobel Laureate, and David Hanson, CEO & Co-Founder, Hanson Robotics among others, will be seen collaborating to find solutions to the most critical problems humanity is facing today.

 The Times Group Global Business Summit, curated and executed by ET Edge, is a forum for global leaders to discuss current issues and map the future. This year, government leaders, opinion-makers, business magnates, corporate heads, academicians, and technocrats from across the world will gather to understand the complexities being faced globally, predict the world’s trajectory, and propose practical solutions for current and future challenges.

 Mr. Vineet Jain, Managing Director of The Times Group said, “In an era marked by escalating global uncertainties, we must harness the intellectual prowess of some of the best minds to collaboratively devise solutions that will help us in building a resilient world. This year’s summit will once again serve as the fertile grounds on which thought-provoking discussions and exchange of ideas will contribute to resolving some of the most pressing global challenges plaguing our communities and lives.”

The 2024 edition is expected to be attended by 2000+ delegates from diverse industries, sectors, and backgrounds from over 20 countries.

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By-Mr. Prithviraj Kothar, Managing Director of RSBL

 Central Bank buying is the main factor supporting Gold prices to trade above $2000 in the last few months. Central banks around the world have been buying gold with both hands for the last 2-3 years as they want to diversify their reserves out of Dollar to other asset classes. The Reserve Bank of India has been actively buying around 40 tonnes of gold every year for the last six years. India now stands at ninth position in terms of gold reserves with holdings over 800 tonnes in 2023. India’s central bank has surpassed the central banks of the Netherlands, Turkey, the UK, and Saudi Arabia in terms of gold reserves lately.

The Country’s largest power generator – NTPC Ltd., with a present group installed capacity of almost 74 GW, declared unaudited financial results for third Quarter and Nine Months ending 31 December 2023.

NTPC Group generated 315 Billion Units in 9M FY24 as compared to 295 Billion Units in 9MFY23. NTPC’s standalone gross generation in 9MFY24 is 268 Billion Units as compared to 255 Billion Units in the corresponding previous period.

NTPC Coal stations achieved a Plant Load Factor of 76.40% as against the National Average of 68.51 % during 9M FY24.

On standalone basis, the Total Income of NTPC for 9M FY24 is ₹ 1,21,486 crore as against the corresponding previous period total income of ₹ 1,24,685 crore. Profit After Tax (PAT) for 9MFY24 is ₹ 12,523 crore as against ₹ 11,524 crore in the corresponding previous period, registering an increase of 8.67%.

On consolidated basis, the Total Income of the group for 9M FY24 is ₹ 1,32,349 crore as against the corresponding previous period total income of ₹ 1,33,231 crore. Profit After Tax (PAT) of the group for 9MFY24 is ₹ 14,842 crore as against ₹ 12,250 crore in the corresponding previous period, registering an increase of 21.16%.

The Board of Directors has approved Second interim dividend for FY24 @ 22.5% of paid-up share capital i.e. ₹2.25 per equity share of face value of ₹10/- each.

Hyderabad, 30th January 2024: Swarg Vatika which redefined final resting places with green initiatives a decade ago, dedicated a mortuary capable of storing up to 4 bodies, to address the growing needs of the community for extended body storage during unavoidable circumstances. The facility was formally inaugurated by Lt. General Shri JS Sidana, Commandant, MCEME; at Swarg Vatika today.

Swarg Vatika, a pioneering collaboration between the Telangana Government and Swarg Vatika Trust, has transformed the concept of final resting places with its commitment to love, compassion, and reverence towards departed souls. The eco-friendly cremation ground, strategically located in RTC Colony, Trimulgherry, is designed to provide solace to bereaved families while embracing environmentally conscious practices.

Founder Trustee & President Surender Pal Singh of Swarg Vatika reveals upcoming initiatives, including the construction of three more manual pyres, one of which will be larger, akin to the existing one at Maha-prasthanam. Additionally, plans are underway to launch an Any-Time Clinic (ATC) offering cost-effective health tests like ECG, blood tests, urine tests, CBC, HBA1C, and Chest X-rays, charging only 10-20% of the market price.

The total cost of setting up the mortuary, around 20 lakhs, has been covered by generous donations from Trustee Shri Ram Goyal for equipment and civil construction, Trustee Shri J C Jodhani for generator backup, and Trustee Jayant Jain for CCTV.

Conceived with the primary goal of Going Green and being Eco-Friendly, Swarg Vatika, the green haven incorporates eco-friendly procedures, practices, cleanliness, ample parking space and adherence to spiritual Vedic practices has solidified Swarg Vatika’s reputation as a steward of environmentally conscious final rites.

Swarg Vatika achieved an environmental milestone by adopting Gokashta (Lakadi made from Gomay—Gobar of desi breed cow/bull) for cremation. This eco-friendly method utilizes Gobar logs with superior burning capacity compared to traditional wood, offering a cost-effective solution that supports cattle feed and benefits up to 40 Gomash in a day.

Some the recent innovations at Swarg Vatika has introduced recent innovations, including modern LPG and gasified furnaces, and a cast iron steel structure for natural piers, resulting in a 25% reduction in wood usage and reinforcing its eco-friendly commitment. The facility has operationalized two new AC hearse vans and offers body freezer boxes, along with lockers for preserving ashes for up to 1 month. Notably, it has transitioned to 100% Green practices by embracing Gokashta for cremation.

Swarg Vatika collaborates with LV Prasad Eye Hospital for eye donation, offering free cremation for donors. The facility also provides free cremation for unclaimed bodies and extends a 50% discount to BPL families. Pooja halls are available for last rites ceremonies.

Mumbai, India January 30th, 2024: Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302), a leading diversified NBFC, today announced its consolidated results for the Third Quarter (Q3) FY2024 ended 31st December 2023.

Ajay Piramal, Chairman, Piramal Enterprises Ltd., said, “We have achieved significant milestones outlined in our strategic roadmap earlier in this financial year. We have made progress across key areas, including AUM growth momentum, business mix optimization, enhanced underlying operating profitability, and improved asset quality. Notably, we are surpassing our medium-term guidance in terms of growth and business mix.

In response to the RBI circular issued in December, we made complete provisions for our investments in AIFs, subsequently removing them from our AUM. Our confidence in the full recovery of these investments remains strong, which is evident in the positive payment record thus far.

We have made substantial enhancements to our net interest margins, achieved robust fee income growth, and optimized opex ratios to deliver a strong core operating profit. Our commitment is to further enhance profitability by optimizing operating leverage in our growth business and reducing the contribution of the legacy business.

Positioned as an at-scale player in both retail and wholesale segments, PEL is poised for continued growth and improved profitability. The trajectory forward involves steadily scaling up our growth business, strategically winding down legacy wholesale assets, and divesting non-core assets. We believe, this approach will drive future growth and sustained profitability.”

Bengaluru, India – January 30, 2024 – Samsung’s flagship smartphones have done really well in India, where the premium segment is witnessing double-digit growth. Galaxy S23 series sales in India was 1.4 times compared to Galaxy S22 series, thanks to S23’s powerful performance and epic camera capabilities.

“This year, we have changed the industry paradigm by integrating the power of AI with Galaxy S24 series. Mobile phones were created to bring people together, and we use them in so many parts of our lives. We believe mobiles will become the primary access point for AI technology as people already use their smartphones for just about everything, making it the perfect vessel. With Galaxy S24 series, we strongly believe in revolutionizing user experience through Galaxy AI. Samsung is the leader in the mobile industry with over 1 billion Galaxy customers. By using customer insights accumulated over decades, years of innovation to optimize AI for mobiles and open collaboration with industry leaders, we have come up with Galaxy AI, which will become the ‘global standard for mobile AI.”

Galaxy S24 series takes a Hybrid approach to optimizing the AI user experience whether on-device or in the cloud, to provide a meaningful user experience with tangible benefits. With Galaxy S24, our first AI phone, we have opened a new era of AI phones and Galaxy AI enables users to break communication barriers, enhance their productivity, and unleash creativity like never before.

Our R&D centres in Noida and Bengaluru have played a major role in the development of Galaxy AI. From commercialization of language AI and optimization of AI for mobile to framework development, both Noida and Bengaluru centres made a great contributions. This helped us provide customers with practical and useful AI experiences.

Including Galaxy S24 series, we’re committed to bringing Galaxy AI to approximately 100 million Galaxy mobile devices worldwide this year. This will also amplify mobile AI usage and bring benefits to Galaxy customers that cannot be found anywhere else.

Starting from the S24 series, we will provide seven-generations of Android OS upgrades and seven years of security updates, ensuring customers enjoy a long-lasting and secure premium experience.* Galaxy S24 series also continues our efforts to reduce our carbon footprint. For the first time, Galaxy S24 features components made with recycled cobalt and rare earth elements.

* Availability and timing of Android OS upgrades and security updates may vary by device model and market.

**TM Roh, President and Head of MX business, Samsung Electronics was in India.