Archives May 2024

Mumbai,7th May 2024 Welspun Living Ltd, a leading player in Home Textiles, Flooring Solutions, and Advanced Textiles, proudly announces the appointment of Naiyya Saggi as an Independent Director, effective from April 25th, 2024.

Ms. Saggi will serve her first term as an Independent Director for four years, ending on April 24, 2028. With an illustrious career spanning 16 years, she is the founder of BabyChakra and currently Group Co-Founder and President of The Good Glamm Group, a digital-first beauty & personal care conglomerate. Naiyya Saggi brings a wealth of experience and expertise to the boardroom. She is an accomplished leader in consumer-centric industries and holds an MBA from the Harvard Business School, where she was a Fulbright and JN Tata Scholar. Naiyya also did her BALLB (HONS) from the National Law School of India University, Bangalore. Naiyya is a pivotal figure in the start-up ecosystem, known for building new-age consumer brands, and communities and for being one of India’s top voices for women in technology. In addition to her entrepreneurial endeavors, Naiyya is a member of The National Taskforce for Regulatory Issues at DPIIT Ministry of Commerce & an elected Governing Council member of The Tech Entrepreneurs Association of Mumbai, a body representing the $50 BN Mumbai tech ecosystem and comprising of 50 Unicorn & Soonicorn founders. Naiyya is also an Advisor to STEER World, a globally recognized advanced manufacturing Deep Tech company. She is also an Advisory Board member of The Contract Manufacturing & Private Label Association. Naiyya has been a mentor at Facebook’s #SheLeadsTech & Google for India, an advisor to the Govt of India’s National Startup Awards, and is also a prolific angel investor.

Naiyya is one of the few Indian entrepreneurs featured for her journey of building & merging her first company BabyChakra in a Harvard Business School case study. Recognized as one of India’s Top Entrepreneurs and Women in Tech, Naiyya has received accolades from the Economic Times, Entrepreneur India, Business World, Wharton India Economic Forum, and many other international and domestic forums. She initiated a partnership between Mint, Startup India, and others to publish a ground-breaking report on ‘100 Women Entrepreneurs Building India’. Passionate about financial inclusion, she founded ‘The Mompreneur Platform’ Asia’s largest initiative to support 1 lakh mom micro-entrepreneurs in collaboration with Startup India & Hindustan Times.

“Dipali Goenka, CEO & MD of Welspun Living, on the appointment of Naiyya Saggi, said, ‘Naiyya’s joining marks a strategic milestone for Welspun Living. Her profound expertise, honed through years of entrepreneurial journey in consumer-centric industries, brings a fresh perspective to our board. Naiyya’s strategic insights, particularly gleaned from her B2C and e-commerce experience align seamlessly with our vision for propelling Welspun Living’s B2C growth trajectory. With AI and ML disrupting the space, the importance of digital takes center stage. Naiyya’s deep understanding of the digital landscape and consumer behavior will help us leverage the power of technology and innovation to create delightful experiences for our customers.

Naiyya Saggi, in her statement on the appointment, says, “It is my privilege to join Welspun Living Ltd. as an Independent Director. Welspun’s commitment to excellence and innovation is commendable, and I look forward to contributing to its continued success. I believe my experience in consumer-focused industries, bringing in a robust digital DNA in brand building and my passion for sustainable, inclusive growth with profit and purpose align perfectly with Welspun’s values. I look forward to collaborating with the board and management team to drive strategic initiatives and create value for all stakeholders.”

India, 7th May 2024 — Magnifi by VideoVerse an AI-powered video editing and automated highlights generation SaaS product, by VideoVerse, is pleased to announce a strategic partnership with Linius Technologies Limited (ASX: LNU) , the only cloud-based solution that unlocks the value of video archives with immersive and deeply personalized viewer experiences, to revolutionize personalized video streaming experiences by integrating cutting-edge AI-driven video technology with innovative video virtualization capabilities.

This transformative collaboration introduces groundbreaking solutions that seamlessly merge live and historical archive content, delivering automated, personalized highlights and highly tailored video streams. By combining Magnifi’s expertise in AI-driven video editing and Linius’ advanced video virtualization platform, users will benefit from a new level of interactivity and customization in their video consumption.

“The automated highlights market is a well-established market with both Magnifi and Linius seeking to disrupt that market with our technologies,” stated Linius CEO, James Brennan “Together, the companies will accelerate that disruption and bring even greater value and innovation to customers. I am excited to be working with the Magnifi team on several near-term opportunities and to further integrate our technologies into highly differentiated offerings.”

The collaboration enables Magnifi and Linius to enhance value to customers through bundled offerings that provide control over preferred content directly to the fans.

Key benefits:

Monetizing Archives: By adding Linius’ Whizzard Portal archive product to their portfolio, Magnifi extends their market-leading solution for live content to their clients’ vast archives. With Magnifi’s AI integrated into Linius, AI-generated highlights from large historical archives can be combined with live content. These are then transformed into multiple mobile-friendly aspect ratios through Magnifi’s ball & player tracking AI – offering unique automated fan engagement solutions with personalized video streams.

Viewer Engagement through Personalisation: Customers can create new revenue streams and monetize data in ground-breaking ways. By leveraging Linius’ Whizzard Captivate product along with Magnifi’s AI-generated metadata, personalized highlights can be generated in milliseconds based on user preferences, enabling broadcasters/OTTs, federations, and teams to forge deeper connections with audiences and capitalize on their engagement.

Cost Savings and Efficiency: Using the Linius platform to create virtual highlights reduces the need for processing and storage of actual video files. Linius’s just-in-time approach to rendering and distribution of video streams combined with Magnifi’s automated publishing workflows provide customers with enormous operational efficiencies and substantial cost benefits.

“Our new partnership with Linius will allow us to bring greater capability to our customers, unlocking the full value of their live and archived content,” said Vinayak Shrivastav, CEO, Magnifi. “We are excited to be creating the world’s first truly personalized AI-driven automated highlights solution for our customers and their viewers. This unique capability will change the way viewers consume content.”

The joint solution was demonstrated at the recent NAB Show in Las Vegas in April 2024. Both companies will continue to target broadcasters, sporting federations, leagues, and rights holders globally. Magnifi and Linius will combine sales efforts in certain markets to target accelerated growth.

Kolkata, 7th May 2024 Following a successful home-chefs prepared food delivery option and serving as the platform for city women culinary entrepreneurs, Nanighar has tied up with Zomato to take its coveted associates to the next level of serving much-loved delicacies on a live-on-day delivery basis.

So now, customers can order freshly made basic meals from certified Momchefs and Homechefs of Nanighar and get the food within 1 hour through Zomato App. For the pre-order, Nanighar has the option of 6 hours to 15 days of bookings.

Home chefs and mom chefs prepare freshly made meals, and many of them do their shopping daily to ensure that they provide fresh ingredients so that nothing is pre-cooked which is promoted on the Nanighar app. This time, a few Nanighar chefs will be accepting live orders for the basic meals and the food will be delivered promptly in an hour through the Zomato app. It is specially curated to cater to office orders and people having busy schedules. Moreover, it continues with the existing format of pre-booking as it would be giving a wide array of chef moms to serve the customers. Further, food like Echorer Dalna, Chital Macher Muithya, Biriyani, Mughlai Parathas, Mutton Dak Bungalow, Ilish Bhapa, Bhetki Paturi, etc. all these extravagant delicacies mainly have to be pre-ordered.

Aiming to empower homemakers with a penchant for cooking, Nanighar has been the brainchild of entrepreneur Debjani Mookherjee launched in 2019. Nanighar was established to empower individuals, especially mothers and homemakers by harnessing their culinary skills. It has successfully transformed talented home chefs into independent entrepreneurs.

According to Ms. Mookherjee, this is an attempt to give more opportunities to those mom chefs who can deliver food daily. “We have integrated our app where interested customers can avail the option of booking process in two options – pre-order (minimum 6 hours advance) and live or instant order (you will receive food within 1 hour). The live one will take them to the Zomato app for delivery purposes. Further, Momchefs have the best cooking skills, and Nanighar helps them with attaining all the necessary food licenses, training on hygiene, undertaking photo shoots, proper packaging, digital marketing, etc. so you get the best home-cooked meals delivered on time. We make sure all our chefs are well trained in all these aspects and you get fresh, hygienic daily home food with pure love. It’s like from another mom to my children #maakahatkakhana,” Ms. Mookherjee explains.

Rishabh Pant, the dynamic wicketkeeper-batsman for the Indian cricket team, has made a remarkable comeback after a serious accident, bolstered significantly by a dedicated dietary regimen that facilitated his substantial weight loss of 16 kg in just four months. His nutritional strategy, which was central to his recovery and return to peak physical form, has been extensively documented in a detailed feature on TheHealthSite.com, which is also one of the digital assets of IndiaDotcom Digital Private Limited.

The cornerstone of Pant’s diet, as highlighted by TheHealthSite.com, was an emphasis on gut health. This was achieved through a diet incorporating natural debloating powders made from herbs and spices, under the guidance of his nutritionist Shweta Shah. These preparations were crucial in enhancing the gut lining and preventing digestive issues, particularly important given Pant’s intensive medication regimen during his recovery.

Key Elements of Pant’s Diet as revealed by TheHealthSite.com:

1. Khichdi:

In the initial recovery phase, the diet prescribed by Shah included khichdi, a nourishing traditional Indian dish made from rice and lentils. This meal was specifically chosen for its ease of digestion and high nutritional value, enhanced further with vegetables and spices to aid recovery when Pant’s body was most vulnerable.

2. Ayurvedic Foods:

Shah, an advocate of Ayurvedic principles, avoided synthetic supplements and instead, incorporated natural, wholesome foods that are foundational to Ayurvedic medicine. As detailed on TheHealthSite.com, these foods were selected to improve Pant’s energy and stamina, critical for his athletic performance.

3. Alkaline Juices:

To address the gastric issues caused by ongoing medication, Shah included alkaline juices in Pant’s diet. These were crafted from a mix of anti-inflammatory ingredients like carrot, beetroot, amla (Indian gooseberry), mint, coriander, celery, and cucumber, helping to neutralize stomach acid and enhance overall health.

4. Spinach Dal Idli and Lean Meat Preparations:

Further diversifying Pant’s recovery diet, Shah introduced protein-rich and fiber-rich foods like spinach dal idli and carefully prepared lean chicken curry, using minimal oil. These dishes, as reported by TheHealthSite.com, were designed to be nutritious yet supportive of weight management, supplying essential proteins for muscle repair and strength, vital for Pant’s rigorous training demands.

The disciplined approach to nutrition, as described in detail on TheHealthSite.com, underscores the pivotal role targeted dietary strategies play in an athlete’s recovery and performance. Pant’s comeback not only highlights his dedication and resilience but also showcases the critical influence of specialized nutritional planning in professional sports.

Bangalore, 6th May 2024: VST ZETOR Private Ltd., the joint venture between VST Tillers Tractors Ltd and HTC Investments a.s (Owner of the “ZETOR” brand), announced the launch of three best-in-class higher HP tractors in the country today. Mr. Antony Cherukara, Managing Director, VST Zetor, and Mr. Filip Soka, Vice Chairman, VST Zetor, jointly announced the launch in Bengaluru. The three new tractors launched in the range of 41 to 50 HP are VST ZETOR 4211, VST ZETOR 4511, and VST ZETOR 5011. These products are jointly developed by VST & ZETOR after rigorous testing and technological integration post taking valuable inputs from the farming community in India.

VST Zetor tractors developed at the VST Zetor plant in India, features an indigenously made powerful, best-in-class DI Engine, fully constant mesh transmission with helical gears, and VZmatic hydraulics. Its wider Platform, dual diaphragm clutch, optimum turning Radius, adjustable premium seat, dual-acting power steering and aerodynamic styling ensure ease of operation with desired comfort.

VST ZETOR tractors are best suited for a wide range of applications starting from land preparation to post-harvest operations. It is highly compatible with all heavy-duty non-agriculture tasks along with all primary, secondary tillage, and haulage applications of Agriculture.

Mr. Antony Cherukara, MD VST Zetor, said “The launch of these tractors is a significant milestone as with these models we are entering into the 60% of the tractor industry of India, i.e. the higher HP segment. These tractors will help to strengthen our brand and build a much stronger tractor portfolio to cater to a wide range of farming applications and geographical market needs. VST Zetor has launched these tractors after thorough research and understanding of the requirements of the Indian farming community. These tractors are engineering marvels developed with the FAST FRUGAL and FUTURE READY approach of VST with TRUSTED, TIMELESS & TOUGH Identity of ZETOR, to offer technological efficiency for better earnings to the farmer. Going with its vision statement to emerge as the best solution provider for farm mechanization VST Zetor will introduce many more products in the Indian and International markets soon”.

Mr. Filip Soka, Vice Chairman of VST ZETOR, highlighted ZETOR’s 60-year legacy in India, renowned for its durability, reliability, and versatility. “Today, we fulfill the long-awaited desire to see ZETOR tractors in action on Indian soil. Our launch unveils three models tailored to meet the diverse needs of Indian farmers. Leveraging VST’s expertise in 4WD compact tractors, well-received in Europe, this collaboration promises to raise agricultural standards in India”.

“With a global presence in 130+ countries, our partnership with VST aims to strengthen our footprint in India, the world’s largest tractor market. Together, we empower Indian farmers with machinery embodying trust, timelessness, and toughness”.

Some of the Key features of the VST Zetor Tractors are –

 VZ Series Powerful Engines with Unit Cylinder Wet Liner Technology (UC-WLT)
 Helical Constant Mesh Gearbox with Forced Lubrication System
 Heavy Duty Rear Axle & Cold Forged Differential Gear
 Heavy Duty Hydraulics with Auto Depth & Draft Control (ADDC) and VZ-Matic
 Side Gear Shift, Under Hood Muffler, Heavy Duty Fenders
 Heavy-duty Box type Front Axle for application versatility.
 Spacious Wider Platform with Adjustable Deluxe Seat

Taking operational comfort to the next level These Tractors have Integrated Car-like Headlamps, Compact packaging with under hood Muffler, a Stylish SMC Bonnet, a Stylish Dashboard with a Digital Cluster, a Heat Deflector, a Stylish & fully Covered Fenders, a Side Shift lever, and GSPTO.

06 May 2024, Chennai, India: Holoware is an emerging computer manufacturing company headquartered in Chennai. Started in 2020, the company currently manufactures and supplies products like desktop computers, tablets, mini pc’s and workstations. As part of its expansion efforts, the company has now announced that they are entering into the laptop segment. Mr. Raghavendra Ganesh, Founder and CEO of Holoware, introduced 4 new types of laptops and 1 tablet to the audience at an announcement event held in Chennai today. Holoware has become the 1st Indian OEMto launch laptops which are manufactured by Indian ODM. A first Make in India laptop and a great milestone achieved.

He introduced 4 new laptops namely Gizmos Edu laptop for students, Executive Laptop for working professionals, Gizmos Fiery Laptop for gaming enthusiasts Gizmos Rugged Laptop and Rugged Tablet for industrial grade works. These new series of laptops and tablet have been manufactured under the guidelines of Holoware’s own research and development department. It is significant that Holoware operates its own dedicated research and development facility focused on the computer hardware sector.

Holoware Started with the vision of innovating Holographic Computer i.e. computer without monitor and use air as monitor with projection to touch, feel and control objects like usually do in regular touch computers. Holoware is now planning to open 20 exclusive experience centers across India by the end of this financial year. The company reported that they are showing growth of 200% YoY since its inception.

About the development of Holoware, Mr. Raghavendra Ganesh, Founder and Chief Executive Officer of the company said “As part of our business expansion strategy, we are very excited to step into India’s laptop market today. Holoware operates under the Atmanirbar Bharat with the mission of ‘Made for the World’. The company is committed to being one of the leading “Made in India ” companies in the computer hardware manufacturing sector. And Holoware operates its own research and development facility to focus on the computer hardware space.“

He added, “Today I am delighted to introduce our 4 unique new ranges of laptops and 1 tablet – Gizmos Edu, Gizmos Executive Gizmos Fiery and Gizmos Rugged to you. Gizmos Edu, dedicated to empowering students, our Education Laptops are built with durability and accessibility in mind. They feature robust educational tools and software to support interactive learning environments. Gizmos Executive, engineered for the modern professional, our Executive Laptops offer superior performance, enhanced security features, and sleek design, ensuring seamless productivity and style. Gizmos Fiery, for gaming enthusiasts and Gizmos Rugged with an industrial grade standard and Rugged tablet. Our laptops and tablet provide cutting-edge graphics, high-speed processing, and cooling solutions that deliver an unparalleled gaming experience”.

News Source: Chennai Public Relations

Bengaluru (May 6th, 2024) — Bridgestone India today announced the launch of its new marketing campaign, “Trailblazing with Dueler A/T,” for the latest addition to its tyre lineup, the Bridgestone Dueler Tyre. This robust campaign is engineered to showcase the Dueler Tyre’s exceptional ability to perform in any terrain, emphasizing its aggressive tread pattern, enhanced traction, and excellent grip in both wet and dry conditions without compromising safety and driving comfort.

The 360-degree campaign is designed to target SUV and 4×4 owners, who demand durability and performance. Engineered with a 5 Rib technology featuring hexagonal blocks and a staggered pattern architecture, this tyre ensures even stiffness and contact pressure distribution, resulting in superior wear life.

This new generation, premium quality tyre is specially designed to enhance off-road capabilities. In addition, its low noise and superior ride comfort attributes make it an ideal choice for adventurous drivers who encounter diverse driving conditions from urban landscapes to rugged off-road terrains.

The 140-second ad films will be shown on digital platforms such as YouTube, Facebook, and Instagram. The campaign vividly showcases the tyre’s trailblazing capabilities through intense, real-world scenarios and highlights the Dueler’s aggressive pattern design and advanced traction features.

“Our new Dueler Tyre is a testament to Bridgestone’s commitment to quality and innovation. The ‘Trailblazing with Dueler A/T’ campaign is designed to communicate the resilience and adaptability of our latest product. We’re excited to demonstrate how Dueler can enhance the driving experience for SUV owners across various terrains. The campaign highlights Bridgestone Dueler’s readiness to tackle challenges, whether navigating the busy streets of the city or traversing challenging off-road trails, making it the best choice for drivers seeking reliability and performance’’ said Deepak Gulati, Chief Marketing & Innovation Officer, Bridgestone India.

“It is interesting that the Dueler drives are being done across a wide cross-section of terrains. I can relate to that as no matter what, one must give their best. I’m sure the convoy will have a great time driving with Dueler A/T 002, across the scenic and diverse landscapes of our country. I’m proud to be associated with Bridgestone, a brand that consistently delivers on Quality and Performance.” – said Bridgestone India Brand Ambassador P.V. Sindhu.

Dealers are a key influencer in consumer’s tyre purchase journey and hence Bridgestone Channel Partners have been actively engaged in the communication developed as well as with a series of activations in a high-impact focused campaign.

The brand will also be “Trailblazing with Dueler A/T”, a roadshow covering 6 states to engage ‘Bridgestone Select Dealers’ & consumers at the same time while demonstrating product performance. The flag-off will be done by Bridgestone brand ambassador and ace athlete Padma Shree P.V. Sindhu.

Hyderabad, 6th May 2024: Telangana Chamber of Events Industry (TCEI) – India`s largest Regional Events Industry Association, is hosting the 3rd Edition of South Indian Wedding Planners Congress, the 3rd TCEI SIWPC GLOBAL 2024 and the 7th TCEI Events Excellence Awards 2024, on June 18th and 19th, 2024 at Hitex Exhibition Centre. Hyderabad.

The details of the largest congregation of national and international Wedding planners was formally announced by Chief Guest TG Srikant, Head -HITEX Exhibition Centre; Alla Balaram Babu, President-TCEI; Ravi Bura, General Secretary- TCEI; Md Toufiq Khan, Treasurer- TCEI; at the curtain raiser event held today at MAAYA Convention, Kondapur. Members of TCEI spearheading both the initiatives Sai Shravan Madiraju, Convenor-SIWPC Global 2024 and Ramm K Muppana, Convenor – TCEI Event Excellence Awards 2024 and Co-Convenors Hirish Reddy, Kumar Raja, Sudhakar Yarabadi, Dr Saurabh Sureka; graced the occasion.

Speaking on the occasion Chief Guest TG Srikant said, the wedding industry in India is valued at $130 billion, according to The Economist. Given its unorganized nature, the actual figures could be significantly higher, with this estimate representing just the tip of the iceberg. The size of the Industry suggests that weddings for Indians are not merely ceremonies; they are lifetime celebrations intertwined with emotions, traditions, and bonding. People are increasingly opting for destination weddings, with popular choices being Jaipur, Udaipur, and the backwaters of Kerala. Surprisingly, Hyderabad does not seem to be among these favoured locations. TCEI hosting an event of this magnitude, focused on wedding planning, is a significant initiative aimed at elevating Hyderabad to the status of a preferred destination for such celebration. Hyderabad doesn’t lag behind any other destination be it infrastructure, mesmerising venues, proficient wedding planners, best connectivity to the rest of India and the world. We must vigorously strive to establish Hyderabad as a prominent wedding destination on the global map.

Alla Balaram Babu said, the TCEI Events Excellence Awards, have set a new benchmark for the events industry, both nationally and internationally, filling us with pride at the Telangana Chamber of Events Industry. The SIWPC hosted by TCEI has evolved into a highly anticipated event, not only among wedding planners in Hyderabad and across India but also among renowned planners from around the globe. Its reputation for excellence, innovation, and networking opportunities has transcended borders, making it a must-attend gathering for professionals in the wedding and event planning industry worldwide. This year’s event promises an array of enticing offerings, designed to captivate and inspire the delegates. From engaging keynote speeches by industry leaders to immersive workshops and interactive panel discussions, participants can expect a wealth of knowledge and insights to enhance their skills and expertise. Additionally, there will be opportunities for networking with peers and exploring the latest trends and innovations in the wedding and event planning realm. With an exciting lineup of activities, this year’s event is poised to be a transformative experience for all who attend.

SIWPC brings together experts from various facets of the Indian wedding industry. This event aims to showcase South India’s significant contributions to the world of weddings and provide a platform for collaboration and knowledge sharing. Renowned national and international speakers from the events fraternity will grace the conference, delivering insightful sessions on different aspects of the Indian wedding industry. Delegates will have the opportunity to gain valuable insights, learn from industry experts, and exchange ideas with like-minded professionals.

This Convention is eagerly awaited by all the Wedding Planners, Wedding Designers, Wedding Stylists, Decorators, Event Managers and all other crafts of the Event Industry across India and more than 20 Countries. The event is poised to showcase the upsurge of Grand scale weddings and events in Telangana and across India. This event will be attended by globally acclaimed Industry Experts and Peers including John Emmanuel, Australia; Teddy Emmanuel, Philippines; Michael Ruiz, Philippines; Nicolas (Roni Flowers), France; Bryan, Ghana, Africa and several other stalwarts from the Industry from across the globe.

Anticipated to host a distinguished gathering, this esteemed event is poised to welcome over a thousand delegates from both India and abroad. Dubbed ‘Event Bazaar,’ the expo will feature a grand display of more than 60 stalls, each showcasing a diverse array of products, services, and cutting-edge trends prevalent in the dynamic event industry.

Other Salient Features of the Event will be Master Classes delivered by Industry Leaders and peers; Panel Discussions & Workshops by Stalwarts; Parallel sessions on several key topics such as Event Safety, role of technology etc., Business Networking Lounges; widely spread cuisines for all meals, served by the top most hospitality catering companies in the country and an array of multi-diverse entertainment performances to enthrall the audience of all genres. The glittering awards ceremony focused on Wedding Industry achievers, SIWPC Global Wedding Academy Awards, is scheduled on June 18th, 2024, from 5.00 pm onwards.

The 7th Edition of TCEI Event Excellence Awards is set to be organized on 19th June 2024 from 5.00 pm onwards in concurrence with 3rd TCEI SIWPC Global 2024. The event has garnered a great distinction of being the most sought-after Event Industry Awards in the region. The transparency of the Awards selection process has been commended by many Industry leaders and delegates. Primarily there are 2 Categories of awards, Pearl of Hyderabad, is awarded to an exceptional Event or achiever who hails from the Telangana region. The Award is a symbolic resonance of Hyderabad which is also called as City of Pearls. The Gem of India award is bestowed on an exceptional Event or Achiever, hosted or performed in any part of India.

There are special recognitions for industry veterans such as

* Jade of India, Special recognition to Industry leaders who have an experience of working with Event Industry for more than 15 years.

* Lifetime Achievement, a distinct recognition to industry leaders and peers who have an experience of working in Event Industry with more than 30 years.

* Koh-E- Noor of India, the highest honour and distinction to the Event Manager or Company who have organized or managed an Event in Hyderabad which has brought worldwide recognition and acclaim to Hyderabad.

The entire event is fully organized by the Telangana Chamber Of Events Industry. With the able support of its allied Associations, the Telangana Event Managers Association, Telangana Event Facilitators Association, Telangana Sound Light Vendors Association, Telangana Entertainers Association, Telangana Event Venues Association, Telangana Event Caterers Association and Telangana Entertainers Association.

Hyderabad, 6th May 2024: The Civil Services Examination (CSE) is a nationwide competitive examination in India conducted by the Union Public Service Commission for Recruitment to higher Civil Services of the Government of India, including the Indian Administrative Service, Indian Foreign Service, and Indian Police Service.

Vision IAS conducted a seminar on UPSC preparation strategy by our students who secured All India Rank Mr. Navneet Anand ( AIR Rank. 499, UPSC CSE 2023 ) & Mr. Harshit Srivastava ( AIR Rank. 521, UPSC CSE 2023 ) which was attended by many aspirants.

Navneet Anand (Purnia Dst, BIHAR) – 3rd attempt, Optional -Sociology

10th – 12th from – Sainik School, Chittorgarh, Rajasthan, B.A(HONS)- Ambedkar University, Delhi. and

M.A. Sociology – Delhi School of Economics, University of Delhi. CAPF(ACS)

Mr. Harshit Srivastava (Prayagraj, Uttarpradesh) – 5th attempt, Optional -Geography

Completed his School & Intermediate in Maharshi Patanjali Vidyamandir – CBSE and B tech Electronics and Communication- Institute of Engineering and Technology, Lucknow.

In this session, both shared their inspiring journey with the aspirants and offered them strategies for managing time effectively, developing practical study plans, and maintaining motivation throughout their preparation journey. The session was appraised by all the aspirants who reached the VISION IAS Hyderabad centre in Telangana to attend the open session, leaving a mark on the future nation leaders.

India – 6th May 2024 – Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2% —according to the 2024 Prime Time for Real-Time (hyperlink) report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.

While previous reports highlighted the economic benefits of real-time payments and consumer uptake around the world, this year’s report—now in its fifth edition—takes a deep dive into some of the world’s leading real-time payments markets, highlighting the factors that have enabled those countries to build successful end-to-end real-time payments ecosystems. The report also reveals that many of the newer market entrants around the globe are quickly catching up, with lawmakers and central banks around the world pushing for adoption, determined to reap the economic benefits of real-time payments and drive financial inclusion for their citizens.

Key Findings at a Glance

• Globally, 575.1 billion real-time transactions are forecast by 2028, representing a 2023-2028 compound annual growth rate (CAGR) of 16.7%. By 2028, real-time payments are expected to account for 27.1% of all electronic payments globally.
• India continues to dominate the global real-time payments market, with 129.3 billion transactions in 2023 – more than the rest of the world’s top 10 real-time payments markets combined. Of all electronic payments made in India, 84% are now real-time.
• Brazil saw a remarkable YoY growth of 77.9% in 2023, with 37.4 billion real-time payment transactions. Brazil is the undisputed real-time payments leader in Latin America, responsible for 75% of all transactions in the region. Other Latin American countries are pushing ahead with real-time payment modernization initiatives, looking to replicate Brazil’s success. Peru and Colombia are predicted to have the highest 2023-2028 CAGRs in the region, with 51.2% and 42.6%, respectively.
• Asia Pacific (APAC) is the largest real-time payments market, with 185.8 billion transactions in 2023, representing 24.0% of all electronic payments in the region. With four of the top five real-time payments markets by volume, the APAC region is projected to see over 351.5 billion real-time transactions by 2028, a 2023-2028 CAGR of 13.6%.
• The Middle East is the fastest-growing real-time payments market globally. Oman, Kuwait, and Qatar all launched schemes in 2023, joining more established regional players like Saudi Arabia, Bahrain, and UAE. The 2023-2028 CAGR for the region is 28.8% – transactions are expected to rise from 855 million to 3.0 billion by 2028.
• The European Union (EU) Instant Payments Regulation, passed in February 2024, is expected to drive instant payments volume across the Single Euro Payments Area, including the 27 EU member states. By 2028, instant payments are forecast to account for 13% of all electronic payments in Europe, up from 8% in 2023.
• North America is a major growth market to watch—primarily due to the launch of the FedNow service in the U.S. in 2023—with a projected 2023-2028 CAGR of 27.1%.
• Nigeria is the undisputed real-time payments leader in Africa, another major growth market. The country recorded 7.9 billion transactions in 2023; real-time payments had an impressive 82.1% share of all electronic payments in 2023.

Market Deep-Dives: Lessons from the Most Successful Real-Time Payments Markets

For the first time, this year’s report (hyperlink) takes a deep dive into five of the most successful real-time payments markets worldwide—India, Brazil, Indonesia, Malaysia, and the Netherlands—analyzing the driving factors and use cases that have allowed those countries to develop thriving real-time payment ecosystems with the power to transform businesses and improve consumers’ lives.

• The Power of Collaboration: Whether by government mandate or industry consensus, real-time payment systems thrive through active collaboration. Financial institutions, payment service providers, central banks and government institutions, merchants, and third-party stakeholders must work together to build and operate successful real-time payment ecosystems.
• Open and Inclusive Payments Ecosystems: The most successful real-time payments markets are fostering fintech-rich environments. The research shows that fintechs and smaller banks play an increasingly significant role in the real-time payment ecosystems of the world’s leading markets. Larger banks will need to reevaluate strategies and forge new partnerships with fintechs to remain competitive in the rapidly growing real-time payments markets across the world.
• Strong Incentives for Merchants: Merchant adoption and uptake are crucial for real-time payment growth. The Indian government, for example, removed merchant discount rates and issued all merchants with QR codes for UPI acceptance, actively incentivizing merchants of all sizes to accept UPI payments.
  Constant Flow of New, User-Friendly Use Cases: Real-time payments thrive in countries where innovative use cases have found mass adoption by consumers or businesses. Whether utility or tax bills, transport tickets or road tolls, subscription payments, or the weekly grocery shop, consumers in the most successful markets are now paying in real-time.
• Cross-Border Real-Time Payments Links are the next Big Frontier: Efforts to extend real-time to cross-border payments are finally paying off, and Asian countries are leading the way. Payments using India’s popular UPI scheme can now be made in Malaysia, Indonesia, UAE, and France, and users of Malaysia’s DuitNow can now make QR code real-time payments from Indonesia, Singapore, Thailand, and China.
• Real-time payments fraud: Generative AI is changing the nature and scale of fraud attacks, but the industry is rising to the challenge. Consumer rights initiatives, education programs, and government interventions—combined with new AI-based anti-fraud technology and methods— are starting to make an impact.

“This year’s report highlights the key success factors that have allowed some countries to forge ahead with real-time payments modernization and reap enormous benefits for consumers and businesses,” said Craig Ramsey, global head of real-time payments, ACI Worldwide. “Modern real-time payments require collaboration, and they encourage a new generation of market entrants for banks to either compete or cooperate with – often both. The world’s most successful real-time payments schemes, notably those in India and Brazil, also feature use cases that have proved popular beyond imagination.”

“Real-time payments—and especially cross-border payments—are the future. They remove payments friction, provide greater liquidity in the financial system, and ultimately drive economic growth and financial inclusion,” said Debbie Guerra, chief product officer, ACI Worldwide. “Banks should consider whether they are truly maximizing the real-time rails in their market, and whether limiting their commitment to the minimum also means limiting their potential share of the future of payments.”

Disclaimer: This report is for informational purposes only. The views expressed are those of the author and not necessarily the organization. While efforts have been made to ensure accuracy, no guarantee is given. Readers are advised to conduct their research and seek professional advice. The author and the organization are not liable for any loss or damage resulting from the use of this report.