Archives July 2024

RR Kabel Limited Reports Highest Ever Quarterly Revenue

New Delhi, July 31, 2024 – RR Kabel (RRK), the leading consumer electricals player & strong presence in Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter ended on June 30, 2024.

Commenting on the Results, Mr. Shreegopal Kabra, MD said, – “We are pleased to report our highest ever quarterly revenue, driven by strong volumes in both our wires and cable domestic businesses and FMEG business, despite the challenges posed by elections and heatwaves. This achievement highlights our solid position in the industry. We remain committed to our growth in FY25, while continuing to focus on sustaining margins amidst volatile copper prices. The outlook remains strong with government capital expenditure and a resilient residential sector. Our FMEG segment also saw significant growth due to our strategic decisions. We continue to focus and accelerate on expanding capacity, targeting high-margin products, and implementing strategic initiatives to lead us in FY25.”

India, July 31, 2024 – BharatCares and United Breweries Limited (UBL) announced the launch of EmpowerHer, a Corporate Social Responsibility (CSR) initiative. The launch marks a significant milestone in empowering women through education, enhanced vocational training, and skill development. Implemented by BharatCares, the project is aimed at upgrading the capabilities and infrastructure of the Government Women’s Industrial Training Institute (ITI) in Ch. Sambhajinagar, Aurangabad, to address the critical need for quality technical education and skill development for women in the region.

As an esteemed guest at the launch, Ms. Geetu Gidwani Verma, Chairperson – CSR & ESG Committee, United Breweries Limited addressed the gathering and stated, “Project EmpowerHer reflects UBL’s commitment to create lasting positive impact in our communities. Given a chance, a woman will use her skills with determination to change the lives of not just her family but many more in her environment. This project, through women’s education and skill development, aims to empower them, thereby contributing to the larger goal of economic growth for the entire community.”

The project will demonstrate a strong commitment to fostering gender equality and providing women with the tools and skills needed to thrive in today’s competitive job market. By upgrading the ITI, the project will create a more conducive learning environment for the beneficiaries. The project is expected to benefit hundreds of women annually, providing them with improved facilities, updated curriculum, and enhanced training opportunities that align with industry needs.

6th Investiture Ceremony of the Telangana Chamber of Events Industry held

Hyderabad, 31st July 2024: A new Executive Committee was installed at the 6th Investiture Ceremony of Telangana Chamber of Events Industry (TCEI), at a glittering ceremony attended by members of the TCEI at the Dr MCR HRD Institute of Telangana. Guests of Honour Mr Rosi Reddy, IRS (Retd.), Election Officer, TCEI; Mr Ashok Ramkumar, Designated Senior Counsel, High Court of Telangana, Chief Election Officer, TCEI; Ms Vishala Reddy Vuyyala, Startup Entrepreneur, Election Officer, TCEI; Mr Surat Singh Malhotra, Founder President TCEI and His Excellency Counsel General Lesotho; graced the occasion.

Speaking on the occasion Mr Rosi Reddy said, the future of the event industry is exceedingly promising. I foresee it surpassing even the tourism industry in terms of foreign exchange earnings in the coming years. India boasts some of the most beautiful monuments and historical sites in the world. If the event industry can effectively leverage these locations and promote them as prime destinations for people to celebrate their special and memorable occasions, event industry has the potential to rapidly grow into a $1 trillion industry. To elevate India’s event industry to new heights, it is crucial to educate and train event managers to provide exceptional value for money to their patrons. By achieving this, India will become an attractive destination for foreigners looking to celebrate their special occasions.

Mr Ashok Ramkumar said, the event industry here has continually raised the bar of excellence. The recent events organized by TCEI showcased remarkable calibre, high standards, quality, and professionalism. The entire industry came together in unison to rise to the occasion. Notably, the recent election saw 100% polling—an extraordinary feat for any industry association. The camaraderie between those who won and those who didn’t was commendable, as they all celebrated the industry’s success together at the end of the day. Unity helps us navigate the toughest challenges, and working as a team provides immense strength.

Ms Vishala Reddy Vuyyala said, giving is the fundamental quality of TCEI and its members, and this spirit of generosity is evident among all of you. You go out of your way to help each other in times of need, putting aside competition. This quality has deeply inspired me, and the skills and knowledge I possess are my contributions to the event industry. The next decade is poised to be India’s decade, with global leaders like Elon Musk predicting remarkable growth due to the abundant opportunities ahead. The event industry can play a pivotal role in this growth, as it brings people together, fosters partnerships, spurs business growth, promotes cultural flourishing, and lays the foundation for social development. In this way, the event industry is a vital component of India’s growth story. The recent TCEI election was the most transparent and flawless process, and my heartfelt congratulations go out to all the newly elected EC members. Let us work together to grow this industry and achieve new heights.

The President elect Shri Alla Balaram Babu said, the recent elections were conducted with utmost transparency, and each one of us deserves to be applauded for this achievement. I want to emphasize to all the elected office bearers and vertical association leaders of TCEI that the high stature of TCEI must not be compromised in any aspect. TCEI is the trendsetter in the country’s event industry, and today, the entire event industry ecosystem looks up to us. We cannot afford to falter. The event industry across the country holds TCEI in the highest regard. They aspire to emulate our success story and are keen to follow in our footsteps to achieve success with their associations. Our reputation has been built because we consistently think outside the box and deliver beyond everyone’s imagination. This is why we command such respect. Let us maintain those high standards and continue to rise as an industry.

From A Humble beginning in 2014 with 4 Like Minded friends who envisioned to seed an association which could weave the Event Tribe Together, TCEI – Telangana Chamber of Events Industry today is being referred as Largest Regional Event Management Industry Association in the Country.

The unique Chamber format of TCEI encompasses industry vertical Association such as TEMA – Telangana Event Managers Association; TEFA – Telangana Event Facilitators Association; TSLVA – Telangana Sound Light Vendors Associations; TECA – Telangana Event Caterers Association; TEFA – Telangana Event Facilitators Association & TEA – Telangana Entertainers Association. The Association boasts of 450+ members across all the above verticals of Event Industry.

TCEI with its dynamic leadership & members has been organizing many Reputed annual IP Events such as TCEI Event Excellence Awards, SIWPC Global, Diwali Milan, Daawat-E-Iftar, EPL cricket league, Badminton League, Event Managers Day, Stri Shakti Awards & Many … some aligned to few National Event Industry events. The IP Events of TCEI have surpassed the expectations year on year & have indeed raised the Bar of Event Management Association Events across INDIA.

The Elections for Electing the New Leadership was concluded on 7th July & 21st July 2024.

The Newly Elected, appointed Executive committee for 2024 – 2026 is as follows

Telangana Chamber of Events Industry (TCEI) – 2024- 2026

• Shri Alla Balaram Babu, Violet Worldwide Events P Ltd – President
• Shri Ravi Kumar Bura, Goldline Events & Promotions – General Secretary
• Shri Toufiq Md Khan, N M Company – Treasurer
• Shri Shravan Madiraju, Akarshana Events & Entertainment – Vice President: TCEI – TEMA
• Shri Venkateshwar Akulapally, Avens Expositions – Vice President: TCEI TEFA
• Shri Karthik Vepuri, Sujatha Sound – Vice President: TCEI TSLVA
• Shri Aditya Deenadayal, Aalankrita Resort & SPA – Vice President: TCEI TEVA
• Shri Shankar Krishnamurthy, Fusion 9 – Vice President: TCEI TECA
• Shri Joseph Sunder, Joyess Life Style – Vice President: TCEI TEA
• Shri Ramesh K Muppana, Impulse India Events & Trade Fairs – Joint Secretary

EC Members: Ms. Shwetha Neeraj Thakur, Expresso Hospitality; Shri Ravi Nair, Splash Event Management, Shri Anup Rao, ALKR Marketing; Shri Mohiuddin, Grand Suppliers & Facilitators; Shri Amit Agarwal, Sushma Florists & Shri Saurabh Surekha, Celebration Makers

Telangana Event Managers Association (TEMA) – 2024- 2026

• Shri Hirish Reddy Jakkidi – President
• Shri Sudhakar Y – Secretary
• Shri Vibhu Agarwal – Treasurer
• Shri Abhilash P – Vice President
• Shri Santosh Shivakoti – Joint Secretary
• Shri Uma Praveen – EC Member
• Shri Saketh V – EC Member
• Shri Kaushik Kanna – EC Member
• Shri Bobby Marnni – EC Member

Telangana Event Facilitators Association (TEFA) – 2024- 2026

• Shri Kumar Raja – President
• Shri Karan Soma – Secretary
• Shri Surya Narayana Raj – Treasurer
• Shri Sai Raj Reddy – Vice President
• Shri Santh Rohit – Joint Secretary
• Shri Sheik Gouseuddin – EC Member
• Shri Uday Kumar – EC Member
• Miss Sanju Deeti – EC Member
• Shri Veer Kumar Dacha – EC Member

Telangana Entertainers Association (TEA) – 2024- 2026

• Shri Aaryan Rajput – President
• Shri Harish Bharadwaj – General Secretary
• Miss Preeti Shah – Treasurer
• Shri Krupa Patel – Vice President
• Shri Amit Gupta – Joint Secretary
• Shri Vighnesh Shukla – EC Member
• Shri Mynu – EC Member
• Shri Neha Gupta – EC Member
• Shri Pavan Kumar – EC Member

Telangana Event Venues Association (TEVA) – 2024-2026

• Shri Praveen Agarwal – President
• Shri Pradeep Reddy Koti – Vice President
• Shri Anand – Secretary
• Shri Bharat Lakhotiya – Joint Secretary
• Shri Akshith Agarwal – Treasurer
• Shri Md. Yousuf – EC Member
• Shri Mallela Shiva – EC Member

Telangana Event Caterers Association (TECA) – 2024-2026

• Shri Kalyan – President
• Shri Vinod Gandhi – Vice President
• Shri Gajula Praveen – Secretary
• Shri Srinivas – Joint Secretary
• Shri Ayush Kedia – Treasurer
• Shri Sharan Kandala – EC Member
• Shri Santosh – EC Member
• Shri Shiva Prasad – EC Member
• Shri Arun Reddy – EC Member

Telangana Sound Light Video Association (TSLVA) – 2024-2026

• Shri Shaik Mahboob Ali – President
• Shri Jona Johnstone – Vice President
• Shri Md Shakiruddin – Secretary
• Shri Vijay Kumar Mane – Joint Secretary
• Shri Nitesh Ahuja – Treasurer
• Shri Ashwin Kumar – EC Member
• Shri Md Parvez – EC Member
• Shri G. Venkatesh – EC Member
• Shri Syed Fazaluddin – EC Member

National, July 31, 2024: Capital Small Finance Bank Limited, India’s first small finance bank to commence operation in 2016 announced its unaudited financial results for the quarter that ended June 2024.

Mr. Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank said, “Our growth journey, re-energized with growth capital infusion has started showing upright progress, with growth in gross advances of ~12% and disbursement of ₹1400 crores + + (during last six months, post growth capital infusion). During the quarter, advances and deposits grew by ~4% Q-o-Q and stood at ₹6,391 crores and ₹ 7,778 crores respectively, with PAT for the quarter of ₹30 crores. The RoA for Q1FY25 is 1.3%.

Advance and deposit growth during the quarter is in line with the Bank’s estimate, despite a sequential decline in advances historically during Q1. We are confident of growing the loan book as initially targeted for the year with ROTA expansion.

The progress is attributed to the dedication of our team, the trust of our valued customers, and our commitment to stakeholders. Through tailored financial solutions, we aim to help MSMEs, farmers, and the middle-income group to achieve their financial goals, driving sustainable growth and delivering enduring value to our stakeholders.”

Key Highlights:

Balance Sheet growth:

•  Total Business increases by 13% to Rs. 14,168 crore in Q1-FY’25 from Rs. 12,584 crore in Q1-FY’24
•  Gross Advances increases by 4% Q-o-Q and 16% Y-o-Y to Rs. 6,391 crore in Q1-FY’25.
•  Deposit increased by 4% Q-o-Q and 10% Y-o-Y to Rs. 7,778 crore in Q1-FY’25.
•  CASA is 39.5% in Q1-FY’25 against 38.3% in Q4-FY24
•  Total Net Worth stood at Rs. 1,231 crore in Q1 FY-‘25.
• The average CD ratio increased from 78.3% in Q4FY24 to 79.6% in Q1FY25 with an outstanding CD ratio of 82.2% as of June 30, 2024.

Profitability Growth:

•  Net Interest Income increased by 14 % Q-o-Q to Rs. 99 crore in Q1-FY’25 from Rs. 87 crore in Q4-FY’24.
•  Profit after Tax increases to Rs. 30.02 crore from Rs. 28.21 crores in Q4FY24 with Q-O-Q growth of 6%.
•  NIM increased to 4.2% in Q1 FY 25 against 3.8% in Q4 FY24.
•  ROA increased to 1.3% in Q1-FY25 against 1.2% in Q4-FY24.

Other Aspects:

•  Capital Adequacy Ratio has increased to 26.25% in Q1-FY’25 compared to 20.81% in Q1-FY’24.
•  Gross NPA and Net NPA of 2.7% and 1.3% respectively in Q1-FY’25 against 2.8% and 1.4% in Q4FY24.
•  Almost NIL write-offs & ZERO NPA Sell-off since inception
•  Collection efficiency of 98.6%
•  Secured Advance portfolio of 99.80%

The Bank offers a range of banking products on the asset and liability side. Its asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans, etc.), and mortgages (housing loans). It targets to be the primary banker to its customers and endeavours to achieve this objective through a mix of (i) a suite of our product offerings; (ii) customer service orientation; (iii) a deeply entrenched physical branch network; and (iv) evolving digital channels of service delivery.

New Delhi, 31 July’24: Servotech Power Systems Ltd. (NSE: SERVOTECH), a prominent manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, revealed its impressive financial performance for the quarter that ended June 30, 2024, at its Board of Directors meeting on 30th July 2024.

FINANCIAL HIGHLIGHTS

Consolidated

•  Total Revenue witnessed stellar growth of 41% in Q1 FY25 to Rs. 11,243.92 lacs from Rs. 7,981.35 lacs in Q1 FY24
•  EBITDA increased by 20% from Rs. 712.89 lacs in Q1 FY24 to Rs. 853.74 lacs in Q1 FY25
•  Gross Profit increased by 29% from Rs. 1,577.52 lacs in Q1 FY24 to Rs. 2,038.34 lacs in Q1 FY25
•  PBT stood at Rs. 614.47 lacs in Q1 FY25, compared to Rs. 549.14 lacs in Q1 FY24, witnessing a growth of 12%
•  Net PAT stood at Rs. 448.94 lacs in Q1 FY25, compared to Rs. 410.97 lacs in Q1 FY24, witnessing a growth of 9%

Standalone

•  Total Revenue witnessed stellar growth of 43% in Q1 FY25 to Rs. 9,775.48 lacs from Rs. 6,838.98 lacs in Q1 FY24.
•  EBITDA increased by 25% from Rs. 696.60 lacs in Q1 FY24 to Rs. 869.66 lacs in Q1 FY25
•  Gross Profit increased by 35% from Rs. 1,439.27 lacs in Q1 FY24 to Rs. 1,940.26 lacs in Q1 FY25
•  PBT stood at Rs. 630.44 lacs in Q1 FY25, compared to Rs. 538.39 lacs in Q1 FY24, witnessing a growth of 17%
•  Net PAT stood at Rs. 474.33 lacs in Q1 FY25, compared to Rs. 402.93 lacs in Q1 FY24, witnessing a growth of 18%

Commenting on the results, Raman Bhatia, Founder and Managing Director, Servotech Power Systems Ltd. said we got outstanding results in Q1FY25, but we are not satisfied and working for even better and are confident that we will achieve our goals in the coming quarters. We are committed to providing our customers with the best possible products and services and are constantly innovating and improving them. We are also expanding our sales and marketing efforts. We are excited about the future of our company. With the Safiabad plant set to become fully operational soon, we will be able to significantly increase our production capacity to meet the growing demand of our products and this plant will become a major asset to our company. We are confident that we have a bright future ahead and remain committed to achieving high growth and becoming a leading player in the global market.

New Delhi, 31 July 2024 — The All India Steel Bottles Association extends its heartfelt gratitude to the Government of India for the implementation of the Bureau of Indian Standards (BIS) guidelines for stainless steel bottles, effective from June 5, 2024. This important initiative supports the ‘Make in India’ and ‘Aatma Nirbhar Bharat’ programs, as well as the larger goals of promoting a healthy India (‘Swasth Bharat’) and protecting the environment. The Quality Control Orders (QCO) for stainless steel vacuum-insulated water bottles and portable stainless steel water bottles represent a major step forward for the industry, predominantly in the MSME sector.

The BIS guidelines mandate that no stainless steel bottles can be imported into India without BIS certification. Additionally, all stainless steel bottles manufactured and sold domestically must carry the BIS certification. The Ministry of Consumer Affairs, Food & Public Distribution has clarified that there will be no further extensions for the implementation of these guidelines. Large and medium manufacturers are strictly prohibited from selling non-BIS certified bottles, while small and micro manufacturers have been granted an exemption period of 6 to 9 months, respectively.

The government has highlighted its commitment to supporting and promoting the domestic industry. To facilitate this, BIS is offering faster approvals, licenses, and discounts for manufacturers setting up units within India, differentiating products based on their place of manufacture. Indian-made products are eligible for these benefits, ensuring that domestic manufacturers can quickly adapt to the new standards and maintain their market competitiveness.

Mr. Bharat Agarwal, Director of Crown Craft India and Treasurer of the All India Steel Bottles Association, expressed his gratitude, stating, “We are immensely grateful to the government for implementing the QCO for stainless steel bottles. This move will provide a lifeline to our industry and offer Indian consumers better quality products. As per the recent conference by the Bureau of India Standards on 2nd July during the HGH trade show in Mumbai, the officials mentioned that selling any imported items is now illegal and can lead to confiscation. In preparation for the same, Indian companies already have the installed capacities to replace import volumes immediately, showcasing our dedication to meeting BIS standards.”

As part of the BIS Act, 2016, it is a punishable offense to import, manufacture, promote, store, sell, and distribute any product which is not BIS certified. It has also been advised to always check the CML Number and below-stated ISI Markings before purchasing and accepting the product:

• IS 17526 – for Vacuum Insulated Flasks & Bottles

• IS 17803 – for Non-Insulated Bottles

Disclaimer to all consumers and traders who are unaware of how to raise a complaint against a non-BIS product being offered in the market,

Kuda Villingili Resort, Maldives (July 2024) — Fire Restaurant has been honored for its outstanding wine program in Wine Spectator’s 2024 Restaurant Awards, which celebrate the world’s best restaurants for wine.

“We are immensely delighted to receive the Wine Spectator’s 2024 Award of Excellence,” said Amjad Thaufeeq, Commercial Director of Kuda Villingili. This award is a testament to our team’s dedication to providing our guests with an outstanding dining experience and a wide range of wine choices. Our wine program is designed to cater to both connoisseurs and casual wine lovers, ensuring that every guest finds something to enjoy.”

“The restaurant industry is growing and thriving, with restaurant openings surpassing pre-pandemic levels for the first time. To take advantage of the uptick, restaurateurs are re-investing in their wine programs,” said Marvin R. Shanken, Editor and Publisher, Wine Spectator. “Restaurants that make wine a priority are what the Wine Spectator Restaurant Awards program is all about. I’m pleased to congratulate all 3,777 restaurants for their dedication to wine and exemplary wine lists.”

Launched in 1981, the Restaurant Awards represent the world’s only program focused exclusively on restaurant wine service. They are assigned on three levels: the Award of Excellence, the Best of Award of Excellence, and the Grand Award, with 2,150; 1,531; and 96 winners this year in each respective category.

Fire Restaurant has won the Award of Excellence

The Award of Excellence recognizes restaurants whose wine lists feature a well-chosen assortment of quality producers along with a thematic match to the menu in both price and style.

About Fire Restaurant, Kuda Villingili Resort, Maldives

FIRE is inspired by the all-time classic American steakhouse experience, and the concept explores the art of grilling meat to perfection. A team of talented chefs, under the guidance of Executive Chef Lalith Sharma, delivers the finest prime-cut meat plated succulently alongside mouthwatering condiments and a selection of homemade sauces. This fine-dining experience is enhanced further with organic, free-trade certified, and free-range ingredients sourced from around the world. Each plate served is a heartily rich enhancement of timeless flavors. Nestled within the chic and well-balanced ambience of The Restaurant, Fire opens for lunch and dinner while the salty breeze and the gently lapping waves perfect this partially overwater experience.

The Wine list at Fire is intended to reflect the diversity of producers’ terroirs and grape varietals, showcasing an exquisite selection of wines ranging from classic to rustic and modern to vibrant. A particular importance was given to ensuring a balanced and generous sampling of the diverse flavors of both the Old World and the New World with exceptionally high quality and value, encouraging guests to experiment throughout their stay.

About Kuda Villingili Resort, Maldives

Kuda Villingili Resort Maldives is an exclusively private island, promising guests of all ages and personalities the opportunity to redefine time and space and the independence to discover themselves while strengthening bonds of togetherness and creating unique experiences. Located at a convenient 30-minute speedboat ride in the picturesque North Male Atoll, this picturesque slice of paradise offers 75 spacious villas sprawled on the beachfront and over the turquoise lagoon. The resort offers a diverse array of gastronomic experiences, from casual Hawker-style to fine dining on the beach, with three diverse dining venues and three unique concepts sure to appeal to everyone’s taste buds.

About Wine Spectator

Wine Spectator is the world’s leading authority on wine. Anchored by Wine Spectator magazine, a print publication that reaches around 3 million readers worldwide, the brand also encompasses the Web’s most comprehensive wine site (WineSpectator.com), mobile platforms, and a series of signature events. Wine Spectator examines the world of wine from the vineyard to the table, exploring wine’s role in contemporary culture and delivering expert reviews. Parent company M. Shanken Communications, Inc., also publishes Cigar Aficionado, Whisky Advocate, Market Watch, Shanken News Daily, and Shanken’s Impact Newsletter.

July 31, 2024 – Nestasia, renowned for its dedication to design excellence, announces the launch of an innovative campaign set to transform homes this festive season. The campaign introduces new kitchen, dining, and decor collections, promising a wave of freshness across categories. Contemporary designs in glassware, all-new storage solutions with smart space-saving features, luxury vanity , premium decor, and the most gift-worthy products for the season are set to launch on Nestasia in the upcoming days.

At the heart of the campaign is Sanya Malhotra, the dynamic actor celebrated for her sociable yet artsy persona. Embodying the campaign ethos, “Home So Beautiful, You Never Want to Leave,” Sanya captivates audiences with her genuine portrayal of a homebody who finds the “Joy Of Nesting In” (JONI) an elevated feeling beyond the “Joy Of Missing Out” (JOMO).

The campaign unfolds with Sanya Malhotra delicately balancing the temptation of social engagements against the vivacious allure of her meticulously curated home. In one captivating scene, she exudes joy as she gracefully dances in the kitchen, transforming everyday tasks into moments of artistic expression. The rhythmic clinking of pots and pans blends harmoniously with her movements, painting a vivid picture of culinary creativity and personal fulfillment.

Transitioning seamlessly to another vignette, Sanya is seen meticulously arranging fresh flowers on a beautifully adorned dining table with Nestasia dinnerware. The scene unfolds like a visual symphony, revealing an immaculately laid out tablescape where every detail—from the table setting to the ambient lighting—evokes a sense of elegance and comfort and makes her choose her home to dine in over any other place.

A third visual of her stopping in her tracks on her way out to enjoy a vacation shows her being overtaken by the beauty of the art and decor in her living room. It makes her smile and forgets that she ever needed a vacation. Her lounge decorated with Nestasia’s newest decor objects and art becomes her sanctuary she doesn’t want to leave and she feels JONI, yet again!
These moments not only showcase Sanya Malhotra’s innate charm and artistic sensibility but also underscore Nestasia’s unwavering commitment to enriching the lives of its customers by transforming their homes into havens of beauty and serenity.

The concluding twist adds a touch of humor, with a satirical disclaimer playfully cautioning viewers about the potential addictiveness of Nestasia products in creating a home so inviting, that one may never wish to venture out again.

Commenting on the same Aditi & Anurag Aggarwal, founders of Nestasia add, “We wanted to capture the essence of JONI – Joy Of Nesting In. Sanya’s warmth and on-screen presence beautifully amplify the emotion, making it irresistible to create a beautiful home with our latest collections of vibrant and design-driven products across dining, decor, and kitchen.”
Speaking on the occasion Sanya Malhotra adds, “Turning my home into a beautiful space with Nestasia has been an absolute joy! From dancing in my kitchen to hosting dinners, every moment feels like a celebration of creativity and comfort. Honestly, with a space this beautiful, who needs to go out?”
–

With weekly launches and a relentless focus on design-driven home products, Nestasia ensures every home becomes a haven of happiness and beauty. Embrace the Joy of Nesting In with Nestasia this festive season.

New Delhi, 31st July 2024: Egro Space, a leading manufacturer of workplace solutions, is thrilled to announce the launch of its new Integrated Training Program aimed at enhancing product knowledge and expertise among its employees. Under the motto “Pleasure at Work,” Egro Space personifies the spirit of providing accuracy, punctuality, and value with a strong emphasis on health and well-being. The company’s commitment to excellence in all facets of its operations is unwavering, and this new training initiative underscores that dedication.

The Integrated Training Program is designed to equip Egro Space employees with a comprehensive understanding of the technical aspects of their products. This includes an in-depth exploration of different types of chairs, highlighting the distinctions between office chairs and other varieties. By focusing on the unique features and advantages of Egro Space products, the program ensures that employees are well-versed in the specifics that set their offerings apart in the market.

A key component of the training involves understanding the intricate details of chair mechanisms, such as gas lifts and other vital components. These technical sessions are crucial for employees to gain a thorough knowledge of how these parts contribute to the overall functionality and ergonomics of the chairs. By mastering these elements, Egro Space staff can provide more informed recommendations and support to their clients, enhancing the overall customer experience.

Mr. Prashant Garg, Founder and Managing Director of Egro Space, shared his enthusiasm for the initiative, stating, “To appreciate continuous learning and product knowledge as essential pillars of our commitment to delivering exceptional service and solutions. Today’s session provided a valuable opportunity for our team to align on our product strengths and innovations, enabling us to better serve our clients and elevate their workplace experiences.”

Maintaining high-quality standards is a cornerstone of Egro Space’s operations, and the Integrated Training Program plays a vital role in upholding these standards. By ensuring that employees are knowledgeable about the technical aspects and quality benchmarks of their products, Egro Space reaffirms its commitment to delivering top-notch workplace solutions.

The Integrated Training Program not only reinforces Egro Space’s commitment to product excellence but also demonstrates the company’s dedication to fostering a culture of continuous learning and professional development. By investing in the knowledge and skills of its workforce, Egro Space ensures that its employees are well-equipped to meet the evolving needs of their clients and the demands of the workplace solutions industry.

As Egro Space continues to innovate and expand its product offerings, the Integrated Training Program will play a vital role in maintaining the high standards of quality and service that the company is known for. This initiative is a testament to Egro Space’s unwavering dedication to excellence and its mission to create workplace solutions that enhance the well-being and productivity of its clients.

New Delhi July 31, 2024, FICCI Ladies Organisation (FLO), the apex body of business women as part of its ‘entrepreneurship initiative has trained 22 South African women to fabricate and maintain solar panels, home lighting systems, street lights mini and microgrids, and photovoltaic circuits.

The training of these 22 women was imparted in partnership with the famous Barefoot College in the village of Tilonia in the Ajmer District of Rajasthan. With these new capabilities, they have been accredited as ‘Solar Mamas’ and the training will help them spread light on their communities in South Africa.

“This journey of training 22 South African women is a step towards FLO’s ‘Trained in India’ initiative and marks a significant milestone in FLO’s journey towards empowerment. We have been at the forefront of empowering women and promoting their socio-economic development, advocating for gender equality, and providing a platform for women to excel in various fields. Our commitment to global engagement is exemplified by the Solar Mama Project.” Said Ms Joyshree Das Verma, National President, of the FICCI Ladies Organisation (FLO).

“This initiative is a testimony to the collaborative endeavor within the FLO fraternity, the government, and other countries. Our various initiatives, training programs, and advocacy efforts have been instrumental in fostering leadership and growth opportunities for women in diverse sectors. This particular initiative was aimed to bridge the skill gap in the solar energy sector.” Ms Verma said.

The Training program was initiated, conceptualized, and materialized by Ms Sudha Shivkumar, Immediate Past President, of FLO

In August 2023, Sudha led a delegation to South Africa upon the request of FICCI. The delegation included eight members, and FLO participated in significant events, including the BRICS Women’s Business Alliance Annual Meeting, the BRICS-Africa Trade Conference, the BRICS Business Forum, panel discussions in Durban, and a closed-door session of the Women’s Business Alliance.

“A significant outcome of this delegation was the South African government’s sponsorship of a group of women to receive the Solar Mama training at Barefoot College’s campus in Tilonia, India. The need for such a program was highlighted during an interaction with Dr. Nkosazana Dlamini Zuma, Minister of Women, Youth, and Persons with Disabilities, Government of South Africa, at the BRICS Women’s Business Alliance in Durban.” Said Ms Sudha Shivkumar, Immediate Past President, FLO speaking on the occasion.

“Through this training program, the women have been equipped with the technical expertise needed to harness solar energy for the benefit of their communities.” She said.

“This is the 50th year of South Africa and India diplomatic relationship, training of 22 South African women in India was part of the FLO initiative under its this year theme of ‘Collective vision and collaborative action’, the training program aimed at empowering them with skills in solar technology and renewable energy. When they return home they will they will empower many women. They will work like ambassadors of their family, community, and country Said His Excellency Mr Cedrick C Cowley, Acting High Commissioner, South Africa, High Commission, New Delhi

“FICCI FLO has a strong network of professionals, resources, and experience in facilitating initiatives related to women’s empowerment, entrepreneurship, and community development. Collaborative projects like this foster stronger ties between India and South Africa, aligning with FLO’s core mission of empowering women and promoting gen” said Ms Hena Usman, Joint Secretary, Ministry of Skill Development and Entrepreneurship (MoSDE)

Those present on the occasion included Dr Aarti Gupta, Lead, of the Flo Start-up initiative, Sowmya Kidambi, director & CEO of Barefoot College, and Ms Ravisha Sanghi, director, of Risha Electric.