Archives June 2024

24th June 2024 Mumbai, Maharashtra, India Amidst soaring temperatures, a rising population, fluctuating crop yields, and changing dietary patterns, India’s nutritional security faces complex challenges. Food companies are under increased scrutiny from consumers, and investors, and rising regulations on supply chain disclosures for sustainability. What is the current state of India’s listed food companies regarding their protein sourcing and supply chains? How do they compare with other major Asian companies, and what are the key sustainability issues and interdependence in India? The latest Asia Protein Buyers 100 report by Asia Research & Engagement (ARE) reveals that there is some progress since the 2022 baseline report, but still a significant distance to cover in the journey towards responsible and sustainable sourcing across the region. This is especially urgent in India, presenting an opportunity for leadership and greater nutritional security.

Cover Image of Asia Protein Buyers 100 Report

The assessment by ARE evaluated 100 regional protein buyers on 40 indicators across 10 sustainability themes, per the Asia Protein Transition Platform investor expected disclosures. The companies include listed manufacturers, restaurants, retailers, and hotels across more than 10 markets, with a combined market capitalisation exceeding USD 563 billion. Designed as a benchmark for investors, banks, and companies striving for responsible and sustainable sourcing, ARE plans to conduct the assessment every two years. The findings highlight a pressing urgency for responsible and sustainable sourcing among Asian food companies, focusing on the supply chains of animal protein as the most resource-intensive and impacting aspect of our food system. This issue is especially critical for India, where food systems account for 14% of the country’s total greenhouse gas (GHG) emissions. Enteric fermentation in livestock is the leading cause, contributing to more than half of these emissions.

“Asia’s protein buyers still need to confront the deeply problematic social and environmental impacts and dependencies along their supply chains,” said Kate Blaszak, Director of Protein Transition and Co-author of the report, “The Asia Protein Buyers 100: An Assessment of Responsible and Sustainable Sourcing.” “These direct and indirect impacts pose direct risks to the companies, their investors, lenders, and customers. Forward-thinking protein buyers are tackling these risks as a market opportunity, gaining a competitive and financing edge, and working gradually to rebalance our food system with new plant-based and other smart protein offerings.”

The average overall score for the 100 companies was just 9%, with no company scoring above 50%. The average score across 12 major listed Indian companies was only 7%. “Such low scores might seem disheartening,” said Rituj Sahu, India Director for Protein Transition, ARE. “But there’s increasing awareness of the impacts and inefficiencies of our food system, a strong push from the regulatory authority SEBI, and an opportunity for Indian companies to demonstrate leadership and set integrated sustainability strategies, targets and policies by 2025.”

ARE identified the ten highest scoring companies—listed in Thailand, China, and Japan—as “Evolving Strategically”, for making it into tier three of six possible tiers. Companies scored best in the assessment of public disclosure related to protein supply chains on Water & Waste (20%), and poorest on Governance (2%). Results of key themes of priority to Platform investors include:

Labour & Just Transition: average score of 13%. While 23 companies have supplier codes of conduct, only two demonstrate due diligence in labour practices along their supply chains.

Responsible Antibiotic Use: average score of 3%. Only one company has a policy to avoid routine preventive antibiotic use, reflecting a low recognition of the risks associated with this major use of antibiotics and resistance.

Animal Welfare: average score of 7%, with only one company aligning its policy with Farm Animal Responsible Minimum Standards (FARMS) and three setting cage-free commitments.

Climate Change: average score of 12%, with emerging inclusion of indirect emissions but reluctance among most companies to tackle indirect emissions in their supply chains and set science-based reduction targets.

Deforestation & Biodiversity: average score of 5%. 26 companies acknowledge the risk of deforestation in their supply chains, but only two have set zero-deforestation deadlines.

Protein Diversification: average score of 5%. While 33 companies offer plant-based proteins, only two have set targets to increase sales, or to help capture the potential flexitarian consumer segment.

The report highlights significant economic and trade implications for India, particularly the risks to its USD5 billion annual shrimp export business from antibiotics overuse or labour concerns. Against this backdrop, the growing importance of sustainability in decision-making, driven by customers, suppliers, governments, and investors, alongside SEBI’s stance on ESG reporting, offers Indian companies an opportunity to lead in ESG disclosures and nutritional sustainability regionally. The report urges Asia’s protein buyers to enhance their efforts through integrated sustainability strategies, emphasising indirect risks and prioritising interdependencies. This approach will protect and create value for themselves, investors, and lenders while also securing nutritional security and sustainability.

Interdependencies include the linkages between GHG emission reduction and protein diversification for long-term mitigation. They also encompass the connections between improved farm animal welfare, enhanced food quality, reduced antibiotic use, better public health, and, in some cases, reduced emissions, feed requirements, and production costs in the short term.

Actionable recommendations include:

• Protein buyers to develop and publish policies, targets, and commitments by 2025 that:
• strengthen governance around protein sustainability, as part of an integrated business strategy,
• strengthen traceability, transparency, and labour due diligence,
• protect health and safety via clear principles on responsible antibiotic use,
• improve animal welfare towards FARMS, starting with policies and cage-free commitments for eggs and no permanent tethering of dairy cows;
• commit to zero-deforestation, to protect biodiversity and help reduce emissions,
• source seafood sustainably, growing the use of independent verification, and
• diversify further with alternative proteins, setting a sales target to help drive uptake and scale.
• Companies can refer to the Platform to support their sustainability journey and reach out to ARE with the confidence of investor-backed engagement.
• Buyers, suppliers, investors, and financiers should collaborate, accelerating the implementation of a responsible and sustainable protein transition in Asia by 2030.

Protein buyers assessed in this report and their respective tiers can be found here: drive.google.com/file/d/1txt6kuYbdmx2sXmyHyr9dwjbQ6_uWatB/view.

India’s listed companies are highlighted in bold. Note: The names of these companies have been abbreviated for ease of presentation. Please refer to the report for full names and company details.

24th June 2024 Mumbai, Maharashtra, India Platinum Guild International (PGI)-India is pleased to announce the highly anticipated 7th edition of its prestigious flagship event, the Platinum Buyer-Seller Meet. The marquee event will be held on 4th and 5th of July 2024, bringing together 16 official platinum jewellery manufacturers and leading names in the retail jewellery business under the PGI programme. Renowned for its focus on design and innovation, this annual meet serves as a premier platform for PGI partners to expand their platinum business.

This year’s edition emphasizes driving long-term demand for platinum jewellery and strengthening partnerships both existing and new. The event will showcase the impactful marketing programme for PGI’s flagship branded categories – Platinum Love Bands, Platinum Evara, and Men of Platinum. The programme will aim to stimulate demand this season by innovative marketing ideas, expanding occasions and enabling last-mile conversion.

The Platinum BSM is a platform that allows the manufacturers to present their new design collections across the 3 branded categories. This year will also see the scaling up of incremental business opportunities for retailers through product innovation and new ideas. The Platinum Buyer-Seller Meet reinforces PGI’s vision of creating consumer demand by identifying and fulfilling new demand opportunities for platinum in jewellery.

Vaishali Banerjee, Managing Director India, Platinum Guild International (PGI)

Commenting on the launch of the upcoming Platinum Buyer-Seller Meet, Vaishali Banerjee, Managing Director, Platinum Guild International-India said, “This event was conceptualised to work with our partners for the growth and expansion of platinum jewellery in the country. This year, our aim is to focus on building a robust future for platinum jewellery. Innovation is at the heart of this year’s BSM. Both in product and marketing. By showcasing cutting-edge designs and launching our new marketing programmes, we’re confident that this exclusive gathering will solidify platinum’s position as a coveted choice for discerning consumers. We look forward to the collaborative spirit and business growth this meet will inspire.”

Rajesh Kalyanaraman, Executive Director, Kalyan Jewellers, “Our customers always seek contemporary designs with minimalistic narratives and the Platinum Buyer-Seller Meet provides us with a great opportunity to explore new designs and stock up on pieces that will attract our customers. At Kalyan Jewellers, we are excited to witness bi-metal jewellery in platinum across various categories to meet the evolving preferences.”

Dipu Mehta, Managing Director, ORRA, “As we embark on a growth plan for ORRA, platinum jewellery continues to play an integral role in our growth story. We are excited for the upcoming Platinum Buyer-Seller Meet to further bolster our network of established industry manufacturers, who have been instrumental in unlocking our business potential for platinum jewellery through metal and design innovations.”

Suvankar Sen, CEO & MD, Senco Gold & Diamonds, “From launching Sencoverse, to constantly updating our design offerings to meet the contemporary and minimalistic design demands of the younger demographic, we at Senco are committed to expanding our reach. Platinum jewellery fits in beautifully with this demographic. We look forward to the upcoming Platinum Buyer-Seller Meet to stock up on some truly unique pieces across all brand categories for the upcoming wedding and festive season.”

Avinash Pahuja, Director ORO Precious Metals Pvt. Ltd., “We are excited to participate in another edition of the Platinum Buyer-Seller Meet. It is an invaluable opportunity to meet industry leaders, decision makers and potential buyers all under one roof! Innovation is entrenched in our DNA at ORO and platinum allows us to create unique, almost bespoke designs. We can’t wait to showcase our strengths in platinum jewellery at the upcoming meet.”

Colin Shah, Founder & Managing Director, Kama Jewelry, “The Platinum Buyer Seller Meet continues to be one of the most important business events in the industry. It gives us the platform to explore new business opportunities with existing partners and expand and build new partnerships. Our collections will spotlight the latest platinum jewellery trends shaped by the younger demographic that desires sleek, elegant, and contemporary designs. We look forward to our partners’ reactions to bi-metal platinum jewellery.”

Madhu Jethwani Dhabuwala, CEO – Jewellery, India & Middle East at Jewelex India Pvt. Ltd., said, “The annual Platinum Buyer-Seller Meet is an important platform for us to showcase our prowess in design, innovation and technology. Over the years we have been the leaders in machine made platinum love bands and Men of Platinum’s rings and we look forward to showcasing our extended portfolio of offerings that embody global trends and noteworthy craftsmanship.”

Nirmal Rawal, MD BN Jewellers added, “We have seen remarkable growth in the men’s jewellery segment. The platinum machine chains have always been one of our best-selling categories and this year we look to further differentiate based on design and innovation, to enable our retail partners to expand the consumer base of first-time buyers. We are excited to showcase our latest portfolio of cutting-edge designs and brilliant craftsmanship at the upcoming Platinum Buyer-Seller Meet.”

The 2023 Platinum Buyer-Seller Meet witnessed an outstanding response, with leading manufacturers displaying a diverse portfolio of contemporary platinum jewellery. The differentiated designs in core categories like Platinum Love Bands, Platinum Evara, and Men’s platinum jewellery reflected changing consumer narratives and global trends, significantly boosting platinum jewellery sales during the wedding and festive season.

24th June 2024 Gurugram, Haryana, India Get ready for an unparalleled entertainment experience as iluzn Club and Kitchen, the largest and most luxurious nightclub in the region, opened its doors on June 19th, 2024. This magnificent two-story venue, spanning an impressive 10,000 square feet on Gurugram’s iconic Golf Course Road, promises to elevate the city’s nightlife to new heights with the ultimate in light and sound experience.

The launch event on June 19th was a star-studded affair, with over 450+ lifestyle and fashion influencers gracing the occasion, adding to the glamour and excitement of this highly anticipated opening. The club was a celebrated spot, with the launch event exuding style and panache amidst Gurugram’s elite: well-heeled socialites and fashion influencers marking a fabulous beginning. The guests had a gala evening, with patrons in high spirits keeping the fervor alive, and DJ Mudit and DJ Mash set the stage for an extraordinary night to remember.

Brought to life by visionary founder and entrepreneur Suman Bharti, iluzn Club and Kitchen is an architectural masterpiece. The ultra-modern design, crafted with meticulous attention to detail, features an amphitheater-style seating layout divided into distinct, high-end theme based sections – Hell, Heaven, Earth, Fire. Each section embodies its name, providing a unique and immersive experience for guests.

The centerpiece of the club is a breathtaking, world-class light system suspended from the ceiling, and is the largest of its kind in the region. This innovative design enhanced by MI Bar lights, casts a mesmerizing glow across the dance floor, creating an enchanting illusion that makes it the undisputed highlight of the venue. Additionally, the club boasts a separate, Japanese-inspired humidor room that features a unique water body system designed to recycle and filter the ash, promoting an eco-conscious and sustainable approach.

With a capacity to accommodate up to 600 guests, iluzn Club and Kitchen takes pride in being an inclusive space, offering separate LGBTQIA-friendly washrooms.

Suman Bharti, Founder at iluzn Club & Kitchen, said “We are thrilled to introduce iluzn Club and Kitchen to Gurugram’s vibrant nightlife scene. From the moment the concept of iluzn took shape in my mind, I knew I wanted to create something that would transcend the ordinary nightlife experience. iluzn is not just a visual masterpiece; it is a multisensory journey that tantalizes every facet of your being. Every aspect, from the architectural grandeur to the mesmerizing performances and culinary artistry, has been thoughtfully curated to transport people into a realm of unparalleled indulgence.”

The culinary experience at iluzn Club & Kitchen promises to be a fusion of global flavors, with a menu crafted from the finest ingredients and a passion for innovation. Cuisine offerings range from Japanese, Italian, Oriental European, North Indian, and Chinese, complemented by exclusive iluzn platters and delights. The expertly curated drinks menu features signature drinks, beverages, and a noteworthy iluzn collection, perfectly paired with the club’s vibrant atmosphere. Privacy and exclusivity are paramount at iluzn Club and Kitchen, with personal butlers assigned to each table.

Multiple dance floors and a massive stage for electrifying performances by renowned DJs, such as DJ Mudit and DJ Mash, who performed on the opening night. The club aims to keep the energy levels of the patrons soaring with the electrifying sound and beats of Club commercial, Techno and EDM music.

With its unparalleled luxury, cutting-edge design, and commitment to delivering an unforgettable experience, iluzn Club and Kitchen is poised to become the premier nightlife destination in Gurugram.

24th June 2024 New Delhi, Delhi, India Industry leaders from diverse sectors have resoundingly expressed support and optimism as Prime Minister Narendra Modi embarks on his third consecutive term. His tenure has been characterized by bold economic reforms and ambitious policy initiatives, earning accolades for creating an enabling environment for growth and development.

PM taking charge of the office of the Prime Minister of India at South Block, in New Delhi on June 10, 2024. Photo Credit: PM India Media Gallery

Under PM Modi’s guidance, India has made significant strides in economic reform, infrastructure enhancement, and business facilitation. Optimism abounds among industry leaders regarding continued economic growth and stability under PM Modi’s leadership. Anticipated improvements in manufacturing, agriculture, technology, and healthcare sectors are poised to generate fresh opportunities and employment for millions of Indians.

Overall, industry sentiment is one of confidence and anticipation, as leaders eagerly collaborate with the government to unlock India’s potential as a dynamic economic force under Prime Minister Modi’s visionary leadership.

“Heartfelt congratulations to Prime Minister Narendra Modi on his tremendous victory and forming the government once again with a vision of progress in the third consecutive term. We commend his steadfast leadership and eagerly anticipate further strides in India’s economic growth. Danube Group, deeply connected to Indian expats and their aspirations, looks forward to contributing to India’s prosperity and global advancement,” expressed Mr. Rizwan Sajan, Founder and Chairman, Danube Group.

Mr. Ajay Chaudhary, CMD of Ace Group, remarked, “We are optimistic that the newly formed government will take significant steps to bolster the real estate sector. We hope that critical issues, such as the implementation of single-window clearance, will be addressed promptly. This will not only expedite projects but also foster a more efficient and transparent regulatory environment.”

Reflecting on the implications for the real estate sector, Mr. Vijay Jain, Managing Director of Star Estate, stated while congratulating Modi 3.0 team, “We eagerly anticipate continued progress and growth under his leadership, expecting this victory to pave the way for industry-friendly policies that will enhance the stability and prosperity of the real estate sector.”

“We eagerly anticipate the country’s progress and global recognition to strengthen further. With the continuation of Prime Minister Modi’s term, we look forward to building upon the transformative policies initiated during his previous tenure, creating an environment conducive to high-quality real estate development and stronger global admiration of the country’s infrastructural growth,” said Mr. Arjunpreet Singh Sahni, Executive Director, Solitaire Group.

Mr. Hari Kaimal, president and Development at Supersonic Imagine, conveyed, “PM Modi’s unwavering dedication to fostering economic growth in the country has been instrumental in achieving this remarkable milestone. Supersonic Imagine eagerly looks forward to continuing its support and confident of remarkable tenure of Modi 3.0 in history of the country.”

“It is a historic victory which showcases Prime Minister’s inspiring leadership that continues to pave the way for India’s growth and development. We look forward to a future of progress and prosperity under his steadfast guidance,” added Mr. Kushal Patel, Managing Director, Axita Cotton.

Mr. Aman Choudhary, Executive Director Marketing at Anmol Industries Limited, added, “We must commend Prime Minister for successfully igniting a renewed optimism in the Indian economy, so much so, we have been a witness to the country’s rise as the world’s third largest economy. As industrialists, we eagerly anticipate his progressive policies to continue in his third term as well. Anmol Industries stands committed to actively contribute its bit to the country’s progress under his dynamic leadership.”

“We believe the clear policy direction of the stable government will continue to bring about a sizable difference in the overall economic scenario of the country, keeping it strongly on a high growth trajectory,” highlighted Dr. Sanjay Gupta, Chairman, Ramagya Group.

Mr. Manoj Gupta, Director, Fortune Marketing Pvt. Ltd emphasized, “We applaud his unwavering leadership and look forward to continued progress under his guidance, believing that the government’s steadfast policies, including ‘Make in India’ will further bolster India’s growth and development on the global stage.”

Mr. Sanchit Sekhwal Goyal, Director of Su-Kam Power Systems Limited, noted, “Prime Minister Narendra Modi’s leadership has fostered a conducive environment for industrial growth and innovation. We look forward to the sustained progress of the country under his guidance.”

Mr. Gautam Kanodia, Co-Founder, Kanodia Group, “Warmest congratulations to Prime Minister Narendra Modi for his historic third consecutive term victory. His visionary policies have laid a strong foundation for India’s economic resurgence. We pledge our support to propel the industry towards greater heights.”

Md. Sharique Khan, Sr. Vice President-India Formulation Business, ArEx Laboratories said, “Heartiest congratulations to Prime Minister on his resounding victory and forming the government for the third consecutive term. His leadership inspires confidence and promises a bright future for India. Arex Group remains committed to supporting the nation’s healthcare sector and contributing to its robust growth under your visionary leadership.” Mr. Lokesh Vats, Director, Easy Solar Solutions Pvt. Ltd. shared, “We appreciate his government’s significant steps to promote renewable energy, particularly in the solar segment, during its earlier terms. The government’s continued commitment to this sector in its new term is expected to further bolster the renewable energy landscape.”

“Winning the faith of voters for third time is undoubtedly the result of PM Modi’s continued commitment to promoting common man and industry-friendly policies, such as Make in India and digital interventions in the industry. As a distinguished player in the power sector, we expect the industry to gain confidence from a stable government and look forward to further advancements that will drive growth and prosperity for all,” added Mr. Rajinder Kaul, CMD, Sharika Enterprises.

“Congratulations to Prime Minister Narendra Modi on his decisive victory and forming the government for the third term. His visionary policies have paved the way for India’s progress, particularly in healthcare,” shared Mr. Sumit Arora, Director, Alniche Lifesciences adding that Alniche is dedicated to advancing healthcare solutions and India’s journey towards health and prosperity under your capable guidance.

The resounding support from industry leaders signifies confidence in Prime Minister Narendra Modi’s leadership to drive India’s growth trajectory forward with sustained economic reforms. The unwavering commitment to policy consistency and reform continuity has bolstered investor confidence, reinforcing India’s allure as a promising global investment destination.

PM taking charge of the office of the Prime Minister of India at South Block, in New Delhi on June 10, 2024. Photo Credit: PM India Media Gallery

PM taking charge of the office of the Prime Minister of India at South Block, in New Delhi on June 10, 2024. Photo Credit: PM India Media Gallery

24th June 2024 Bangalore, Karnataka, India Whatfix, a global leader in digital adoption platforms (DAP), today announced a strategic collaboration with Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries. The collaboration will accelerate the adoption of data-driven digital solutions for enterprises globally.

Together, Whatfix and Tech Mahindra will help enterprises deliver personalized experiences and optimize application efficiency. This will enable enterprises to effectively measure and drive the value of their software investments and digital transformation strategies, ensuring the successful adoption of next-generation technologies. In addition, this collaboration will enable Tech Mahindra’s customers across industries to achieve significant business value outcomes, such as cost reduction, increased revenue, risk compliance, among other benefits.

Nikhil Malhotra, Global Head – Makers Lab, Tech Mahindra, said, “As enterprises navigate the complexities of today’s dynamic digital landscape, leveraging analytics-driven insights becomes imperative for staying ahead of the curve. In this direction, our collaboration with Whatfix will offer personalized user experiences and optimize enterprise applications to drive productivity and digital maturity. This collaboration underscores our commitment to helping enterprises scale at speed by embracing technology and leveraging tools for success in the digital era.”

Whatfix is recognized as a “Leader in DAP” as per industry reports from IDC, Gartner, Forrester, and Everest Group, among others. The company’s comprehensive product suite offers analytics (Product Analytics and Enterprise Insights), application simulation (Mirror), and adoption (DAP mobile, web, and desktop, and Hub). These products enable data-driven decisions, immersive training and onboarding, and seamless adoption with sustained effectiveness throughout the entire application lifecycle, which enhance user productivity and experience and accelerate ROI from the enterprise’s digital investments. For instance, Sentry saved $950K in training resources, Experian observed a 72% increase in productivity, REG experienced a 50% improved time to productivity, and Grifols saved $107,000 in reduced seller training and support costs using Whatfix.

“Our collaboration with Tech Mahindra reinforces our commitment to empowering organizations worldwide with data-driven digital adoption solutions, powered by AI and built on the foundation of userization to make technology user-savvy,” said Vispi Daver, Chief Revenue Officer at Whatfix. “Together, we will transform the way businesses embrace and leverage technology for enhanced efficiency and productivity at scale.”

This collaboration aims to drive global digital transformation and technological innovation, empowering enterprises with cutting-edge solutions to drive efficiency, enhance user experiences, and unlock unparalleled business value. Today, Whatfix’s data-driven product suite, powered by AI, offers an enhanced userized digital experience and supports 700+ customers, including 80 Fortune 500s across 40+ countries. Recently, Whatfix has been the only vendor to be recognized as the “Customer Choice” in Gartner’s Voice of Customer report.

24th June 2024 New Delhi, Delhi, India Otipy, a leading player in the Indian agritech sector, has released a comprehensive analysis of per-kilogram prices for various fruits and vegetables. This analysis examines trends from March to May and offers predictions for market conditions from June to August. The Price Analysis Index provides crucial insights into price tendencies, helping stakeholders make informed decisions for the upcoming months.

Key highlights from the Price Analysis Index:

Price Analysis Index for fruits

The pricing dynamics within the fruits and vegetables sectors have revealed a noticeable correlation in recent months. Take, for example, the trajectory of Mango (Dasheri, Carbide-Free), where prices plummeted from Rs. 194/kg in April to Rs. 102/kg in May, projected to dip further to Rs. 86/kg in June before peaking at Rs. 100/kg in July. Similarly, Watermelon prices saw a decline from Rs. 44/kg in March, further dropping to Rs. 28/kg in April and Rs. 24/kg in May. Based on this trend, forecasts suggest an increase to Rs. 31/kg in June and further to Rs. 44–Rs. 48/kg in July and August.

The price of pomegranates has been on a rollercoaster, initially rising to Rs. 169/kg in March, then dropping to Rs. 175/kg, only to surge again to Rs. 211/kg in May. Forecasts suggest a further increase to Rs. 236/kg in July, followed by a drop to Rs. 172/kg in August. This trend reflects wider market volatility, mirrored by fruits like Papaya, which experienced slight fluctuations from Rs. 58/kg in May, projected to rise to Rs. 68/kg in June before sharply ascending to Rs. 73/kg in July, then dropping to Rs. 53/kg in August. Large Bananas maintained a steady trend around April but saw a slight decrease to Rs. 65/kg in May, expected to drop further to Rs. 58/kg in June before gradually climbing to Rs. 69/kg in July and Rs. 74/kg in August. This pattern highlights the growing demand for staple fruits regardless of the season.

The prices of Tender Coconuts saw a gradual increase to Rs. 62/kg in May, stabilizing at Rs. 65/kg from June to August, aligning with other essential fruits. Small Apples witnessed a notable price escalation from Rs. 200/kg in March and April, with projections indicating a further increase to Rs. 239/kg by August, making them increasingly preferable among consumers. Conversely, Imported Small Green Kiwis plummeted to Rs. 81/kg in May, and remained fluctuating around Rs. 85-Rs. 90/kg during the summer months, highlighting the impact of imports on the domestic market.

In the vegetable segment, onions fluctuated to around Rs. 40/kg in March and Rs. 33/kg in May. Expectations indicate stability within the Rs. 35-40/kg range from June to August, mirroring the supply and demand dynamics observed in the fruit markets.

Hybrid tomatoes exhibited significant price fluctuations, starting at Rs. 45/kg in May and dropping to Rs. 31/kg. Projections suggest a rise to Rs. 41/kg by June, with an anticipated peak of Rs. 90/kg in August. French beans followed a similar pattern, with prices at Rs. 92/kg in March, Rs. 111/kg in April, and Rs. 89/kg in May, dropping to Rs. 69/kg in June, before rising to Rs. 97/kg in July and peaking at Rs. 115/kg in August. Ginger, known for its frequent price fluctuations, is expected to reach a peak of Rs. 247/kg in August.

The price trends for lemons exhibited a gradual increase, rising to Rs. 217/kg in May, peaking at Rs. 284/kg in July, before gradually declining to Rs. 182/kg in August. Similarly, okra prices followed a similar pattern, dropping to Rs. 78/kg in May, and reaching a low of Rs. 50/kg in June and August. Premium red and orange carrots experienced consistent market demand, with prices increasing from Rs. 43/kg to Rs. 45/kg between April and May, and slightly rising to Rs. 55/kg in August.

Button mushrooms saw a steady escalation in prices, climbing to Rs. 222/kg in May, and further increasing to Rs. 275/kg in August. Conversely, seedless cucumbers experienced price variations, dropping to Rs. 41/kg in May and approximating Rs. 55/kg in August.

In the vegetable market, the long bottle gourd (lauki) rose to Rs. 44/kg by May and is expected to further increase to Rs. 57/kg in August. Similarly, green capsicum declined to Rs. 66/kg in May but is forecasted to rebound to Rs. 88/kg in August. Meanwhile, potatoes exhibited moderate price stability, rising to Rs. 31/kg in May, with prices expected to remain around Rs. 35-36/kg in the coming months, reflecting consistent demand for this staple vegetable throughout the year.

According to Varun Khurana, CEO of Otipy, “We remain committed to empowering both farmers and consumers with valuable insights into the fluctuating dynamics of the agricultural market. Our comprehensive analysis sheds light on the intricate price movements of fruits and vegetables, providing stakeholders with the knowledge needed to navigate through market volatility effectively. Through this endeavor, Otipy reaffirms its dedication to fostering a fair and sustainable agricultural ecosystem in India, ensuring equitable opportunities for all involved.”

This corroborates the fact that changes in demand and supply are pivotal to the fruits and vegetables market characterized by consistent price changes in line with the market and seasonal changes. While often the price of certain fruits such as mango, and watermelons has seen the normal trend of having lower prices during times of high supply of the produce, other commodities like onions, tomatoes and ginger have seen their prices change sharply due to unpredictable fluctuations in supply and demand. Nevertheless, certain items such as bananas, tender coconuts and potatoes show the least fluctuation in demand and have some reasonable price variations. It also accentuates the need to have a broader perspective of various price fluctuations in the sector while noting the tricky issue of consumers’ demand and seasonal supply.

24th June 2024 New Delhi, Delhi, India A TERI-UNOPS (The Energy and Resources Institute – United Nations Office for Project Services) collaborative initiative on “Capacity Building Programme Targeting School Children on Climate Change, Health, and Hygiene across 11 Districts of Uttar Pradesh, India”, concluded with a National Conference held in New Delhi on Thursday. The national workshop involving various stakeholders from ministries, UN agencies, and partners was held to share lessons from the field, exchange best practices from the project, and discuss scaling-up efforts. The project, is conceptualized around the combination of three Sustainable Development Goals (SDGs), namely SDG 3 (ensure healthy lives across all ages), SDG 6 (ensuring the availability and sustainable management of water and sanitation for all) and SDG 13 (limiting and adapting to climate change), aims to improve public health and raise community awareness. It incorporates climate change adaptations into the curriculum for school children in 11 districts of Uttar Pradesh, where unique challenges related to water, sanitation, health, and climate change are prevalent. The project especially focuses on teenage girls, providing them with the tools to effectively manage and preserve water sources.

Launch of TERI-UNOPS Project Manual

Dr Dipankar Saharia, Senior Director, TERI, welcomed the guests, dignitaries and particularly congratulated the students emphasizing their role as ambassadors of climate change. “You all are the torch bearers of the initiative and shoulder the responsibility of taking forward this message to the community to tackle the changing climate and make the environment clean. This will go a long way in achieving our sustainability initiatives,” he said.

Elaborating on the on-ground initiatives, Mr Vinod Mishra, Country Manager, UNOPS India, expressed the organization’s delight in collaborating with the Government of Uttar Pradesh to organize vital workshops for 27000 children across 162 schools. “Students can be the champions, if trained, can be the Ambassadors”, expressed Mr Mishra giving a rationale of the very project which has been conceptualized on the basis of three SDGs. Taking the audience through the objectives of the project, he further added, “By focusing on critical areas such as access to clean water, the impact of climate change, and comprehensive WASH (Water, Sanitation, and Hygiene) facilities, we are directly addressing Sustainable Development Goals 3, 6 and 13. This initiative not only aims to enhance public health but also empowers communities by incorporating climate change adaptations into the educational curriculum.”

Highlighting the project’s achievements, Dr Neha, Senior Fellow, TERI, stated that the initiative raises awareness of climate change, water conservation, and menstrual health among school children. It also promotes sustainable water-saving practices in schools and aims to influence water management and conservation at family and community levels. This was followed by the student climate champions sharing their experiences and the screening of a project video.

Mr. Bharat Lal, Secretary General, National Human Rights Commission, Mr Shombi Sharp, UN Resident Coordinator, H.E. Freddy Svane, Ambassador at the Royal Danish Embassy in India, and H.E. Dr Muawia Elbukhari, Ambassador of Sudan in India, delved further into the achievements of the project in their special addresses. Highlighting the importance of the Jal Jeevan Mission and the factors necessary to contribute towards its success, Mr Bharat Lal, said, “There is a need for UN agencies and organizations like TERI who have an important role to play in the success of such projects through the children and youth. Achieving the mission of Vikshit Bharat will not be possible without children. A clean and green India can happen only by training and educating the children,” he emphasized.

Referring to the current situation of triple planetary crisis, Mr Shombi Sharp, said, “There is no better engine than youth for achieving sustainability.” Highlighting power of the large youth base in India, he further added, “India has more young minds, which means more young people bringing solutions to the problems than any country had before. So, this is about the youth and India is pushing the action climate action and climate justice for a sustainable future.”

H.E. Freddy Svane emphasized the need to bring about change at an individual level. “Take individual responsibility, for you are the ones who can harness the dividend of the young democracy. Do it through individual change,” was his message to the children present.

“Students would be the leaders of the community. We are surrounding them with the messages on climate change, health and sanitation means we are empowering them so that they tackle the issue individually,” underscored H.E. Dr Muawia Elbukhari. The launch of the Project Manual was followed by a panel discussion on the role of students as change agents in disseminating knowledge and building community capacities on climate change, environment, health, and hygiene. The panel, moderated by Mr RR Rashmi, Distinguished Fellow, TERI, included Mr Yugal Kishore Joshi, Adviser, NITI Aayog, Government of India, as the chair, alongside representatives from embassies, UN agencies, state and central governments, CSOs, and international partners. Further, the Student Climate Champions were felicitated by notable figures including the Panama First Secretary, H.E. Freddy Svane, and Dr Dipankar Saharia, Senior Director, TERI.

The event concluded with a strong commitment from all stakeholders and closing remarks by Ms Elizaveta Zalkind, Coordination Specialist at the UNOPS Office of the Regional Director for Asia. She emphasized the importance of continuing to support and expand such initiatives to build a more sustainable and resilient future by creating climate-resilient communities.

24th June 2024 Greater Noida, Uttar Pradesh, India The Gautam Buddha University (GBU), Greater Noida, supported by Chartwells – Compass Group India is proud to announce its esteemed recognition of the Eat Right Campus (ERC) Certification by the Food Safety and Standards Authority of India (FSSAI). The ‘Eat Right Campus’ initiative led by FSSAI aims to promote safe, healthy, and sustainable food in campuses across the country to improve the health of people and the planet.

Prof. Ravindra Kumar Sinha, Vice-Chancellor, Gautam Buddha University, and Mr. Ashwani Vohra, CEO – Food Services, Compass Group India

This achievement signifies GBU’s commitment to providing safe, nutritious, and high-quality meals to its students and staff, significantly impacting their well-being.

Chartwells by Compass Group India, GBU’s food service partner, played a pivotal role in securing the ERC certification. The group’s expertise in implementing robust food safety measures, curating balanced and nutritious menus, and ensuring the highest standards of hygiene in food preparation and service proved instrumental in this success.

Mr. Vikas Chawla, Managing Director at Compass Group India, expressed his enthusiasm about the achievement and stated, “Right from high-quality sourcing to health, safety, environment and quality processes (HSEQ) across the value chain to meticulous staff training, balanced menu planning, and technology-driven interventions, we follow global best practices. The prestigious ERC certification is a validation of that commitment.”

Commenting on the achievement, Mr. Ashwani Vohra, CEO – Of Food Services, Compass Group India, said, “We are deeply passionate about nourishing young minds and supporting the well-being of the entire academic community by providing fresh and high-quality meals. Receiving the prestigious ERC certification reaffirms our dedication to excellence in providing safe, nutritious, and balanced meals. Our cherished partnership with Gautam Buddha University in its journey towards achieving the Eat Right Campus Certification reflects our shared dedication to prioritizing the health and wellness of all stakeholders. It is a very proud moment for all of us.”

The ERC certification program acknowledges educational institutions that prioritize food safety, and hygiene and offers a food solution focussed on the holistic development of their student community. GBU, renowned for its academic excellence, reinforces its dedication by working hand-in-hand with Chartwells to implement robust food safety protocols, ensuring all meals served adhere to the highest FSSAI standards.

Prof. Ravindra Kumar Sinha , Vice – Chancellor, Gautam Buddha University stated, “At Gautam Buddha University, we strongly believe that providing nutritious meals is fundamental to supporting their academic journey, physical and mental health and the overall campus experience. Earning the Eat Right Campus Certification is a significant step towards nurturing our students’ holistic well-being. We appreciate the dedicated efforts of Chartwells in achieving this milestone together. This distinguished recognition motivates us to continuously improve and offer a vibrant campus environment that prioritises both intellectual and physical nourishment. We are committed to continually improving the campus experience and ensuring the safety of our students. We eagerly await students from all corners of India to join us in this educational revolution.”

Understanding the crucial role nutrition plays in student health and academic performance, Chartwells curates balanced, and nutritious meal plans that cater to the diverse dietary needs of students. A robust supply chain that focuses on high quality, seasonal, and regional supplies, technology intervention to ensure adherence to HSEQ best practices and processes, and continued investment in talent development play a crucial role in achieving this milestone.

GBU and Chartwells are dedicated to maintaining the highest levels of cleanliness and safety throughout the entire food preparation, and serving process and through state-of-the-art kitchen facilities.

Together, GBU and Chartwells set a benchmark for creating a culture of health and wellness on campus. The ERC Certification serves as a key milestone in their shared journey towards providing a safe, secure, and nourishing dining experience for the entire university community.

24th June 2024 Chennai, Tamil Nadu, India Orchestrated by the visionary Barkha Nangia and Abishek Nangia, founders of Glamour Gurgaon, Mrs. World International 2024 celebrated the diverse achievements of married women worldwide. The event featured around 140 contestants divided into two groups and took place at the splendid Leela Ambience in Gurgaon on June 1st 2024.

Amudha Subramanian

Under Barkha Nangia’s guidance, the event recognized the invaluable contributions of married women to their families and communities, while empowering them to pursue their passions. Esteemed guests from the fashion and entertainment industries added to the night’s unparalleled glamour and sophistication.

The grand finale, the culmination of rigorous global auditions, showcased participants’ confidence, stage presence, and runway skills. Contestants underwent four days of intensive grooming and training sessions before the finale. The event also highlighted Glamour Gurgaon’s commitment to social responsibility, particularly breast cancer awareness through annual camps and free medical check-ups for underprivileged women, supported by volunteer doctors.

Tamil Nadu’s Amudha Subramanian, claimed the prestigious title of Mrs. World Harmony, embodying resilience, determination, and perseverance.

Other winners included Shraddha Vadalia (Group A) and Anuradha Gupta (Group B), alongside distinguished titleholders such as Saumya Shree (Mrs. World Unity), Dr. Chandrika Gunturu (Mrs. World Peace), and Nithanya (Mrs. World Peace).

Dr. Amudha Subramanian’s Journey of Perseverance:

In the grand theatre of life, where the spotlight often shines on the moments of triumph and celebration, there exists a silent yet profound narrative of resilience, courage, and unwavering determination.

Dr. Amudha Subramanian, a dental graduate, currently serves as a Human Resources professional at Star Health Insurance Company in Chennai and an aspiring executive management professional at IIM Raipur. She embraced the management program at IIM as a thirst for knowledge knows no bounds, igniting a passion for lifelong learning that fuels her journey forward.

Her journey is not just a personal odyssey but a testament to the indomitable spirit of womanhood, fueled by the unwavering support of her lovely husband, son, mother (a cancer survivor whose resilience serves as a guiding light in her path), sister, blessings from her late father, her father in law and mother in law and the workplace mentor Mr. Surendhar VP-HR, and IIM Raipur faculty members – IIM Raipur Director. Prof. Ram Kumar Kakani and Chairperson (eMBA) – Prof. Dhananjay Bapat and Gym Proprietor & Head Coach Mr. Gokul Srinivasan, personal trainer Mr. Bharath Radhakrishnan.

Balancing academia, caregiving, and her career, she excelled in dance, oratory, and swimming while maintaining her fitness routine.

With her victory, she aims to underscore that age should never be a barrier. Through steadfast perseverance and unwavering determination, she has achieved significant milestones as a working mother, devoted daughter, and graduate of IIM. For optimal success, there’s nothing more vital than excelling in multiple domains.

Dr. Amudha’s story reflects the superpowers of marriage and motherhood, proving that with support and determination, women can reach unimaginable heights.

24th June 2024 Panaji, Goa, India “gcarb+” Offers High-Quality, Sustainable Carbon Solutions for the Steel and Foundry Sectors.

Launch Event Highlights Commitment to Innovation and Environmental Responsibility.

Goa Carbon Ltd., one of the oldest and leading manufacturers of calcined petroleum coke (CPC), proudly announces the launch of its first branded product, “gcarb+” aimed at revolutionizing the recarburiser & carbon additive markets.

From left to right – Mr. Shrinivas Dempo, Chairman, Dempo Group of Companies & Anupam Misra, Executive Director, Goa Carbon Ltd.

With manufacturing units strategically located across India, Goa Carbon Limited serves largely to the Aluminium, Steel, and Foundry sectors. Continuing its legacy of excellence, the new brand “gcarb+” highlights the company’s commitment to quality, sustainability, and industry leadership with an intent to provide ‘Total Carbon Solutions’.

“gcarb+” stands out for its superior quality and is derived from the finest raw materials sourced globally. The product comes with guaranteed specifications, including low sulfur content, significantly reducing harmful emissions and supporting environmental sustainability. “gcarb+” is a high-performance carbon raiser/additive, meeting the specific requirements of the primary and secondary steel manufacturers and foundry industries.

The brand launch event was attended by Mr. Shrinivas V. Dempo, President – Goa Chamber of Commerce and Industry (GCCI) and Chairman of Dempo Group of Companies, Mr. Anupam Misra, Executive Director of Goa Carbon Limited along with other senior officials of Dempo Group and all the three units. The unveiling of the “gcarb+” logo and brand was a significant moment, symbolizing the company’s forward-looking vision and commitment to innovation.

Mr. Shrinivas V. Dempo congratulated the entire Goa Carbon team for launching their first branded offering and applauded the initiative to offer differentiated and superior solutions for the ‘Recarb’ industry. He highlighted the core values of Dempo group i.e. Integrity, Fairness, Solicitude, Teamwork, Innovation and Social Responsibility, and was happy to learn that the brand’s philosophy is aligned with our core values.

Mr. Anupam Misra highlighted that the introduction of “gcarb+” marks a significant milestone in Goa Carbon Limited’s illustrious journey. “Goa carbon has been one of the most trusted names in the recarb industry and it was incumbent upon us to bring in creative and innovative solutions for the recarb industry. We would also like to start offering need-based value added services apart from supplying only CPC. This is in line with our vision to be the total carbon solution provider to the industry. The new brand is set to redefine industry standards, offering a blend of quality, performance, and value added services that strengthens Goa Carbon Limited’s market leadership.”