Archives July 2024

Gurgaon, Haryana, India  Pathways World School has achieved a significant milestone by being re-certified with the prestigious LEED Platinum certification, the highest level awarded by the Leadership in Energy and Environmental Design (LEED) program by the United States Green Building Council (USGBS). This accomplishment highlights the school’s dedication to environmental sustainability and aligns seamlessly with its ethos of being Nature’s Own School.

The LEED Platinum certification is a globally recognized benchmark for green building design, construction, and operation. It signifies excellence across various sustainability metrics, including energy savings, water efficiency, CO2 emissions reduction, and improved indoor environmental quality.

Enhancing the Learning Environment

The re-certification has a profound impact on both the school and its community. The green building features contribute to a healthier and more productive learning environment, providing natural lighting, improved air quality, and energy-efficient systems. These elements create an optimal setting for students to excel academically and personally.

Educational and Community Leadership

The school’s commitment to sustainability is integrated into its curriculum, offering students hands-on learning experiences about environmental stewardship. The campus serves as a living laboratory where students can observe and participate in sustainable practices, enhancing their understanding and appreciation of environmental issues.

By achieving the highest level of LEED certification, Pathways World School sets a powerful example for other educational institutions and organizations. The school’s leadership in sustainability inspires the community to adopt greener practices and contributes to broader environmental awareness.

Future Aspirations

Looking ahead, Pathways World School remains dedicated to its mission of fostering environmental stewardship and sustainability. The school plans to continue innovating in green building practices, expanding its sustainability curriculum, and engaging with the wider community to promote a greener future.

Mumbai, Maharashtra, India We are delighted to announce that Avinash Kasinathan has joined Innoterra as the Head of India business, effective immediately. Avinash brings with him rich experience in strategy, technology, and the agriculture sector.

Avinash started his career as a consultant at McKinsey. Prior to joining Innoterra, he served as the CTO of WayCool and CEO of CENSA (Waycool’s technology wing), where he played a pivotal role in building a scalable, well-governed, and sustainable food and agri-tech platform. He has been instrumental in conceiving, conceptualizing, and building the Censa platform as one of the most comprehensive tech stacks in the food economy.

At Innoterra, Avinash will focus on building Innoterra’s India business portfolio, including but not limited to our agri-tech platform, Farmlink, our high-quality milk and cattle feed business Milklane, and the domestic sales and business relating to our banana vaccine, BanacXin.

“We are thrilled to welcome Avinash to our Group Executive Board,” said Pascal Foehn, CEO of Innoterra. “His background in technology coupled with his affinity for the Indian agricultural sector will be invaluable as we continue to grow the Innoterra footprint in India. We look forward to growing together.”

“The sector is at an inflection point, and Innoterra is well-positioned to disrupt the Indian agri value chain. I’m excited to join Innoterra and drive further margin expansion,” said Avinash Kasinathan.

2nd Ju ly 2024  Mumbai, Maharashtra, India IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunities for loan growth with high asset quality. The overall asset quality of the Bank continues to be good, with a GNPA of 1.88% and an NNPA of 0.60% as of March 31, 2024. In the retail, rural, and sme finance book, the Gross and Net NPA continue to be quite low at 1.38% and 0.44% respectively as of March 31, 2024.

The Bank is also well positioned in terms of experience, team, technology, systems, risk management, and controls, to take advantage of the growth opportunities in a stable manner. The business is also profitable with the profit after tax increasing to Rs. 2,957 crores in FY24, an increase of 21% over Rs. 2,437 crores in FY23. The capital adequacy as of March 31, 2024, is strong at 16.11%. To take advantage of upcoming growth opportunities, the Bank intends to raise funds of Rs. 3,200 crores by issuing equity shares of the Bank on a preferential basis. With this proposed capital raise of Rs. 3,200 crores, the overall capital adequacy of the Bank will further increase to 17.49%, as computed on the risk-weighted assets as on March 31, 2024, which will put the bank in a strong position to participate in future growth.

With the aforesaid intention, the Board of Directors (“Board”) of the Bank at its meeting held today i.e., May 30, 2024, has, inter-alia, considered and approved to Issue, offer and allot 39,68,74,600 (Thirty-nine crore sixty-eight lakhs seventy-four thousand and six hundred) equity shares of face value of Rs. 10/- each fully paid-up, on a preferential basis, to the allottees, as mentioned in Annexure

1 (“Proposed Allottees”), for Rs. 80.63/- per equity share, amounting to Rs. 3,200 crore (Rupees Three thousand and two hundred crore only) (round off) (“Preferential Issue”), by the applicable provisions of the Companies Act, 2013 and SEBI ICDR Regulations, and also subject to approval of the shareholders of the ‘Bank’.

Further, the Board of Directors of the Bank has approved a process of carrying out Postal Ballot to seek approval of the shareholders of the Bank for issuance and allotment of equity shares by way of preferential issue to the Proposed Allottees. Also, the Board has approved the draft Postal Ballot Notice to be issued to the shareholders to seek their approval for the Preferential Issue.

National, July 01, 2024 – Decimal Technologies, a global leading no code platform company, is pleased to announce the appointment of Yasas K V as its new President – Sales, India. He has twenty-five years of industry experience and is known for his prior work in achieving significant revenue growth and market share expansion in the Enterprise segment.

In this role at Decimal Technologies, he will be responsible for driving technology-led business transformation for customers in the Banking, Financial services and Insurance sectors. His proven track record of achieving significant revenue growth and leading customers in their technology-driven business transformations journeys will undoubtedly contribute to Decimal Technologies’ continued success.

Speaking about his appointment Yasas expressed, “I am thrilled to join Decimal Technologies and look forward to further enhancing Decimal’s reputation as an innovator & disruptor in the platform software business. In this new role, I am really excited to take our sales team towards creating trusted advisor relationships with our customers; together, we will drive innovation and deliver exceptional value to our clients, reinforcing Decimal’s position as a leader in the digital transformation space.”

Mr. Yasas’s career includes over 11 years at Salesforce, where he most recently served as the RVP Enterprise Sales. During his tenure, he successfully led regional & industry teams, spearheaded expansions into new verticals, established new relationships with market leading companies in the Enterprise segment , and achieved impressive sales growth. He has a deep understanding of Cloud, CRM, and Enterprise Solutions and is a certified internal sales coach. His previous roles also include leadership positions at Innoveer Solutions Inc., GE Capital, Accenture, Infosys, and Sonata Software.

His experience in strategic planning, client relationship management, and market expansion will be invaluable as Decimal continues to grow their presence in India.

Lalit Mehta, Decimal Technologies Co Founder & CEO said “Over our 14 years journey, we have built a strong platform and customer base. We now feel ready to dream larger. It is time to expand our reach and deepen our presence. In this endeavor, Yasas with his extensive experience of selling platforms & solutions in the industry made him a straight fit and invaluable addition to our leadership team. I am confident that his leadership and experience will be instrumental in laying rails for and achieving our ambitious growth plans.”

Jeannot Ceuticals Soft Cleansing Gel

Say goodbye to oil-heavy cleansers and welcome the refreshing feel of our oil-free Soft Cleansing Gel. Part of our Derma Clean range, this gentle yet effective cleanser is formulated for all skin types.

Jeannot Ceuticals Hydrating Cleansing Milk

Picture your skin bathed in the velvety touch of milk, a soothing escape after a day adorned with makeup. This gentle cleanser effortlessly lifts away makeup and impurities, leaving your skin impeccably clean without sacrificing its essential moisture balance.

Jeannot Ceuticals Radiance Glow Tonic

Transform your skincare routine with the Radiance Glow Tonic from our Derma Clean range—an absolute essential for those seeking a refined and luminous complexion. If you’ve been longing for a solution that effectively minimizes pores and enhances the natural glow of your skin, look no further.

Jeannot Ceuticals Skin Purifying Foam

Elevate Your Cleansing Experience with Jeannot Ceuticals’ Skin Purifying Foam. Are you in search of a cleansing foam that goes beyond the ordinary? Look no further—Jeannot Ceuticals presents the Skin Purifying Foam, a transformative solution designed to combat pore-clogging impurities while bestowing a radiant finish to your skin.

Jeannot Ceuticals Triple Concentrate Peel

Indulge in the epitome of daily skin renewal with Jeannot Ceuticals’ Triple Concentrate Peel from the exclusive Derma Clean range. Elevate your skincare routine as this potent formula not only revitalizes your skin but also expedites cellular renewal and boosts collagen production.

Jeannot Ceuticals Micellar Water 5 in 1

Elevate Your Skincare Ritual with Micellar Water 5 in 1. Treat your skin to the ultimate cleansing experience and bid adieu to sleeping with makeup on. Introducing Micellar Water 5 in 1—an exquisite blend crafted to not only remove impurities and makeup effectively but also to pamper your skin with the benefits of Hamamelis and White Peony.

Mumbai, 1st July 2024: NTPC Ltd, India’s largest integrated power utility, recorded a generation of 113.87 billion units (BU) in Q1 FY25, at a growth of 9.5% as compared to the corresponding period of previous year.

During the quarter, NTPC coal stations recorded a plant load factor (PLF) of 79.5%.

NTPC has significantly ramped up its power generation, ensuring a steady and reliable supply of electricity as the nation’s electricity demand continues to soar to newer peaks.

NTPC Ltd. is India’s largest integrated power utility, contributing 1/4th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

1st July 2024: E-commerce has significantly enhanced MSME capabilities by offering global market access, reducing operational costs, and providing efficient tools for inventory management and payment processing. While e-commerce platforms have enabled MSMEs streamline their logistics and use digital marketing to enhance visibility and sales certain GST registration requirements have proved a limiter their growth and economic contributions. The Bengal Chamber of Commerce and Industry (BCC&I) hosted a session, titled ‘Seamless E-Commerce Platform Operation for Sellers and Compliance,’ where experts deliberated on the challenges faced by MSMEs in the e-commerce sector under the current GST regime and deliberated possibilities to enhance ease of doing business.

Sellers highlighted that many MSMEs find the registration procedure rigorous as it varies from state to state, with numerous applications being denied for reasons that at times appear unclear. They also highlighted that the current Principal Place of Business (PPOB) registration regulations, which mandates a brick and mortar set up to accommodate business operations, compulsory employee presence, specification on space dimension impose financial and operational burdens on MSMEs in an increasingly digital-oriented business environment. Sellers are also facing issues with biometric requirements, since they need to be physically present for verification, complicating remote or digital business operations. While appreciating contributions of the state government of West Bengal towards MSME’s platformed on e-commerce, the sellers urged support from the State of West Bengal in inclining the need of one home state PPOB registration with other States to provision Ease of Business based on their optimism of the state of west Bengal

During the session, experts praised the State of West Bengal government for embracing shared space model in respect of registration while exercising due caution. However, they emphasized the urgent need for broader acceptance and swift integration of the PPOB model for MSMEs. This model simplifies regulatory compliance, reduces administrative burdens, and streamlines operations for MSMEs in shared e-commerce spaces. Secondly, the PPOB model promotes resource sharing among MSMEs, enabling them to pool logistics, warehousing, and other essential services. Thirdly, by easing entry barriers and fostering a more supportive environment for MSMEs, the PPOB model can stimulate entrepreneurship and innovation. They also recommended that the government introduce digital invoicing to simplify GST compliance for MSMEs, helping reduce paperwork and errors, and enhance efficiency. They also called for clearer guidelines tailored to the unique nature of co-working spaces to address classification and taxation issues. Collaboration between retailers and tax authorities was highlighted as crucial for addressing concerns and establishing mutually agreeable solutions.

Sri Devi Prasad Karnam, Commissioner, State Tax, West Bengal, said “We have adopted a pragmatic approach to business registration that aligns with the realities of modern e-commerce. Our policy understands shared space and coupled with exercising due caution we endeavour to foster a more conducive environment for MSMEs and small sellers. We hope to see ease in compliance and more acceptance for MSMEs in the times to come across states. By doing so, we can collectively support our MSME sector, drive economic growth, and create a more competitive and inclusive business landscape across India.”

Speaking on this, Sri Debashis Bandyopadhyay, IAS, Special Secretary, Department of MSME & Textiles, Government of West Bengal said, “West Bengal stands at the forefront of India’s MSME landscape, hosting nearly 89 lakh units across manufacturing, trading, and other sectors. The state boasts over 29 lakh MSME entrepreneurs, constituting 32.7% of the nation’s MSME enterprises and providing employment to 1.36 crore individuals, prominently in manufacturing. The state government has catalyzed growth with initiatives like the expansion of the textile sector, easing monitored yet safe entrance norms to the State which showcases the state’s commitment towards supporting local industries and fostering MSME growth through strategic policies.”

New Delhi, 1st July 2024: Bakingo, a leading online bakery, in partnership with Naz Foundation, hosted a cake decorating workshop to celebrate Pride Month. The event witnessed a diverse group of people participating in the workshop organised at Naz Foundation Community Center, highlighting creativity and inclusivity.

The workshop kicked off with participants receiving a DIY cake decorating kit containing a pre-baked cake and a variety of cake decorating items. The activity showcased participants’ creativity in an artistic way. A day filled with fun, frolic, and excitement brought people together and helped them express the uniqueness of their individuality.

On the occasion, Mr. Himanshu Chawla, Co-founder of Bakingo, said, “We are excited to celebrate the month of gender diversity and inclusivity in collaboration with one of the leading NGOs making a difference in society. The event showcased Bakingo’s ideology of being a part of every celebration and spreading happiness with cakes and desserts. Moreover, it created a space for people celebrating the colours of life and love. It was our honour and delight to host a workshop letting people express themselves in a unique way.

The ambience, filled with positivity, laughter, and enthusiasm, was an experience for the participants. Moreover, it was a platform for artistic expression for the LGBTQIA+ community. The event concluded with participants expressing heartfelt gratitude for the opportunity and supporting the community.

Additionally, the participants shared their stories and decorated cakes, which created a sense of joy within the community. The success of the workshop showcased the importance of collaborative efforts in creating an inclusive environment where everyone can express themselves.

Maharashtra, 1 July 2024: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, is determined to promote and support high quality education for future generations. Through CSR efforts, Ambuja Cements has enabled the complete transformation of Zilla Parishad (ZP) upper primary school, Bhoygaon in Korpana block of Chandrapur, Maharashtra, into an award-winning educational institution. The school recently won first place at the district-level in ‘Mazi Shala, Sunder Shala’ competition by the Government of Maharashtra, along with prize money of Rs. 14 lakhs.

The ZP school was established in Bhoygaon in 1935, and not much had been done to improve its facilities ever since. Looking at its dilapidated state, most of the 1,478 residents here had preferred sending their children to a private English medium school in the area.

Identifying the need for an intervention, Ambuja Cements’ CSR teams got to work on various interventions. Along with the school management committee, they began with a drive to collect funds for a library at the ZP school, and also donated books for the same. Guidance was also provided to students on competitive examinations, vocational education lessons, summer and winter camps, sports promotion as well as stationery distribution.

To encourage the communities and their kids to take ownership of keeping the campus clean and green, the CSR team had organised a cleanliness competition. They collectively even created a beautiful garden and courtyard at the campus, while also promoting good hygiene through the WASH programme.

Various reading classes were also conducted to ensure the students have proficiency with using the English language. The CSR teams enabled the school to also receive an ISO rating. The transformation of the school has led to many other charitable organisations coming forward with financial support for the school.

Ambuja Cements is proud to be an enabler of such an absolute turnaround, as it understands the importance of investing in boosting education through academic as well as infrastructural support, as each student represents a ray of hope for a brighter tomorrow.

Bengaluru/India – July 1, 2024: Cautio, a startup in the visual telematics space, announced a pre-seed raise of INR 6.5 cr led by Antler, 8i and AU Bank. The funding, a mix of equity and debt, was led by Antler, 8i Ventures, and AU Small Finance Bank; with additional participation from Cautio’s early believing customers and prominent angel investors.

Founded by Ankit Acharya, former senior executive – Namma Yatri, Bounce & Bounce Infinity and Pranjal Nadhani, former senior engineer – Virtualness, Dream11 & Urban Company; Cautio is dedicated to addressing safety concerns within India’s mobility and transportation space. Offering cost-effective video telematics products, Cautio delivers tailored solutions aimed at mitigating safety issues prevalent in India. Through customizable dash cam devices and an AI-powered operating system, Cautio ensures accountability, improves driver conduct, minimises revenue loss, and adopts an API-first strategy.

Ankit Acharya – Co-founder & CEO, Cautio said – “Telematics in India has rapidly advanced from GPS, Bluetooth, and portable navigation to embedded connectivity. Initially focused on passive road safety measures, the emphasis is now shifting towards active real-time responsiveness due to high accident rates. India, ranking first in global road fatalities, recorded 1,68,491 deaths in 2022, with overspeeding responsible for 70% of these fatalities, along with approximately 4.4 lakh injuries. Video telematics and dash cams, driven by demand from the commercial vehicle sector, will be crucial in eliminating hearsay and enhancing road safety.”

Pranjal Nadhani – Co-founder & CTO, Cautio added: “With the support of our friends at Antler, 8i and AU, we are primed to escalate our efforts in deploying cutting-edge safety solutions across the country.”

Focusing on India’s passenger commercial sector, the startup counts among its clients prestigious institutions, mobility and logistic companies etc. It is also actively involved in multiple pilot projects across the country.

Commenting on the round, Nitin Sharma, Partner at Antler said – “As investors, we are excited to back founders like Ankit and Pranjal. Their ability to integrate cutting-edge technology into accessible and cost-effective solutions positions them uniquely to redefine road safety. During the Antler Residency, the team’s customer obsession and their exceptional adaptability stood out to us. The Cautio model is not just about capturing telematics data but transforming it into actionable insights to enhance driver behaviour, increase safety, and pave the way for autonomous vehicles.”

“With Cautio, as Ankit and Pranjal are solving a pressing problem that affects vehicle owners & drivers. From our first meeting, we were struck by the founders’ clear insight. Cautio’s solution should lead to a mass adoption of video telematics – bringing in safety and accountability on our roads.” – added Vishwanath V, General Partner at 8i Ventures.

Ranjan Agarawal, EVP and National Business Manager at AU Small Finance Bank added: “AU Bank is excited to support Ankit, Pranjal and Cautio in their journey. By supporting Cautio, we are investing in our belief of a future where technology seamlessly enhances safety and efficiency for all in every sector whether it be banking or mobility. The impressive lineup of clients and ongoing pilots nationwide are just the beginning of what Cautio is poised to achieve. We believe that with such dynamic leadership at the helm, Cautio will redefine the standards of excellence in this sector.”

As India progresses towards implementing active surveillance in mass transportation, states such as Uttar Pradesh, Kerala, Karnataka, and others are endorsing the necessity for in-vehicle monitoring, showcasing a collective dedication to fostering a safer transport environment. The increasing adoption of dash-cams in Bengaluru, encouraged by law enforcement urging citizens to install these devices, underscores the crucial role of technology in augmenting road safety measures.

Cautio’s unwavering dedication to safety has attracted widespread interest from cab, auto and fleet owners and drivers. The enthusiastic support from operators highlights the critical need for proactive safety measures within our transportation networks.