Archives November 2024

NEW DELHI – [November 12,2024] Ammucare marked its 21st anniversary with a grand celebration, unveiling ambitious plans for nationwide expansion of its social welfare initiatives. The event was graced by Chief Guest Shri Iqbal Singh Lalpura, Chairman of India’s National Commission for Minorities, alongside distinguished guests from various sectors.

Since its inception, Ammucare has touched millions of lives through various social welfare programs, environmental initiatives, and educational projects. The organization announced plans to expand its presence across India, focusing on underserved communities through its multi-faceted approach to social development.

Mohanji, Founder of Ammucare, shared the organization’s founding principles: “Two decades ago, we embarked on this journey with a profound understanding that true greatness lies in giving ourselves completely to serving Earth and its children. Today, we’ve created a sustainable impact through our initiatives, from planting over 100,000 fruit trees across India to establishing nurturing spaces for underprivileged children. Our strength lies in transparency and organic growth.”

A significant highlight of the anniversary celebration was the announcement of major expansions to the Mohanji Home for Seniors program. The initiative, which provides dignified living spaces and comprehensive care for elderly citizens, will be expanded to many new locations across the world in the coming year. These facilities will offer:
– 24/7 medical care and support
– Recreational and wellness activities
– Spiritual and cultural programs
– Specialized care for seniors with specific needs

The trust announced significant expansion of its Annadan food seva program, which will now reach many locations nationwide. The enhanced program includes:
– Daily meal services in underprivileged communities
– Emergency food relief during natural disasters
– Nutrition programs for school children
– Community kitchen initiatives in rural areas

Building on its commitment to all forms of life, Ammucare revealed plans for expanded animal welfare programs including:
– New animal shelters in major cities
– Mobile veterinary units for street animals
– Sterilization and vaccination camps
– Wildlife conservation partnerships
– Community education programs on animal welfare

The anniversary event highlighted Ammucare’s significant environmental achievements:
– Successful plantation of 1,000 saplings in Turkey
– Implementation of the innovative Energy Forest project in South Africa
– Support for Amazon forest preservation
– Launch of the World Tribal Colonies initiative empowering indigenous communities
– Development of fruit-bearing forests benefiting local populations

Through “Mohanji ka Aangan” centers, Ammucare provides comprehensive development programs for underprivileged children. The anniversary celebration featured captivating performances by children from these centers, demonstrating the program’s positive impact on young lives.

Shri Iqbal Singh Lalpura Cabinet Minister and Chairman of the National Commission of Minorities praised Ammucare’s dedication: “The remarkable journey of Ammucare exemplifies the power of selfless service. Their transparent approach and clear vision in uplifting marginalized communities align perfectly with our national goals for inclusive development. The government recognizes and supports such meaningful initiatives that create lasting social impact.”

The event also recognized key contributors and volunteers who have been instrumental in Ammucare’s success. Looking ahead, the organization announced new initiatives focusing on sustainable development and community empowerment, reinforcing its commitment to social transformation.

Mumbai, November 11, 2024: Home-grown financial conglomerate, Pantomath Group has released its quarterly report “Market Kaleidoscope: Quarterly Market Insights” capturing current market trends, sectoral performance, and economic forecasts. This report provides key highlights, an overview of the Indian and global markets, and insights into the Indian IPO market.

Government’s push towards infrastructure development and solid economic growth will support consumption is mass as well as the luxury segment, aided by the generational shift. Rising private sector investment, undergirded by an evident revival in both rural and urban demand, is expected to boost the pace of India’s economic expansion, underscoring the crucial role domestic consumption plays in ensuring predictability for the country’s growth story. There are some lead indications already of new capacity creation in a few industries and a marked pick- up in investment intentions.

The structural long-term equity bull market for India is intact driven by strong domestic fundamentals, government policies and Reforms. The Geopolitical tensions, Higher Interest rate & Food Inflation are potential risks for global economic growth. Budget is long term positive and monsoon development looks strong from July onwards. The stable Commodity prices and strong demand environment will keep earning momentum to continue for Indian Corporates. We  continue to reiterate positive views on a market for medium to long term Investment perspectives.

Indian Outlook

The Indian market remained volatile in early June following the final results of 2024 Lok Sabha elections but eventually settled & rallied further in second quarter of FY2025 followed by strong Q1FY25 earning season, economic data and positive global clues. India’s growth surged to 8.2% in FY24, driven by a better-than-expected 7.8% expansion in the March quarter, surpassing the anticipated 6.7%, largely due to robust manufacturing. The fiscal deficit was contained at 5.6% of GDP, below the revised estimate of 5.8%, thanks to improved resource mobilization and reduced revenue expenditure.

The BJP, despite a drop in seats compared to 2014 and 2019, secured 272 seats with allied support, leading to a total of 292 for the NDA. This is viewed positively for long-term economic growth, with ongoing optimism for policies and reforms, supporting a medium to long-term positive outlook for Indian equities.

We have seen good monsoon development across country in the month of July and The IMD reiterated again above normal rainfall in August and September month as well. It’s positive for overall economic growth and additionally for rural growth revival.

The RBI’s maintained growth forecast for the fiscal year 2024-25 remains optimistic at 7.2%, despite indications of a slowdown. Overall, the RBI is navigating a complex economic environment with a focus on balancing growth with inflation control.

The Union Budget 2024-25 is viewed as financially and fiscally balanced, aiming to sustain economic growth.

Mr. Devang Shah, Head of Retail Research, ACMIIL, said, “As per the recent update, so far Festival Season turned out to be good across all categories from consumer durables to Automobile. The customer preference shifted towards premiumisation. The moving forward Wedding season & Christmas will further help to continue this momentum.”

Auto and Auto Ancillary Sector

As the festive season approaches, there is cautious optimism for recovery with the potential for improved rural demand due to a favourable monsoon and upcoming harvest. The recent developments regarding India’s productivity-linked incentive (PLI) scheme highlight its significant benefits for the automotive sector. The government has approved 50 out of 74 applications for the scheme, providing 13-15% grants on the sales value of electric vehicles (Evs). This support helps offset the high manufacturing costs of EVs, making them more competitive with internal combustion engine vehicles. Such favourable policy and demand environment continue to be positive for Auto & Auto ancillary sector for medium to long term perspectives.

Semiconductor Industry and sustainable mobility

The Indian government is extending fiscal support for the India Semiconductor Mission (ISM) from five to eight years, offering benefits such as additional grants for skill training and interest-free loans. This extended support, along with reduced incentives for technology transfer and increased focus on chip fabrication, aims to attract more chip fabrication companies to India.

Electronics Manufacturing Sector (EMS)

The government plans to revive the PLI scheme for white goods to enhance domestic manufacturing of high-value components like compressors and copper tubes. With an aim to boost domestic value addition significantly, the scheme targets increasing local content from current levels to 75-80% by FY29, focusing on reducing import dependency in the ACs and LED lights sectors. The government has started approving investments by Chinese companies, prompting Indian firms to seek joint ventures with Chinese partners. The collaboration will enhance capacity and capability, aligning with the broader electronics industry trend of increasing local production and reducing dependence on imports. It also underscores the importance of foreign expertise and investment in advancing India’s electronics manufacturing sector.

Sugar Sector

Positive development for Sugar Sector with a notification, issued by Ministry of Consumer Affairs on August 29, the government announced that ethanol can now be produced from all available feedstocks, including sugarcane juice, B-heavy, C-heavy molasses, and grains. This move marked a reversal of policies imposed in December 2023, which had restricted ethanol production from these routes due to rising sugar prices in the lead-up to the 2024 general election. The government’s recent decision to lift restrictions on ethanol production from sugarcane juice and B-heavy molasses routes is likely to drive up ethanol prices before the new season begins.

Cement Sector

In the cement sector, major players are expanding through acquisitions, expecting 6% to 7 % compounded growth in the coming years, with top players set to dominate over half the market by March 2025.

We continue to be bullish on some of the key sectors like Auto & Auto Ancillary, Power, Telecom, Building Materials, Railways, Consumer Durables, Energy, Logistics, FMCG, Capital Goods & Engineering, Infrastructure, Banking and Financials, etc. which are going to be outperformers in the rally ahead. Some of the laggard sectors also have some value buying opportunities to accumulate at lower levels including Information Technology, Specialty Chemicals and Metals, etc

Ms Madhu Lunawat, CIO & Fund Manager, Bharat Value Fund, Stated, “Overall Investment environment remains strong due to favorable economic condition supporting with government policies & reforms. The Sustainable Inflow from domestic Investors is going to support Indian equity market in any kind of correction. The long term bullish structure of Indian economy will continue to attract new domestic & global Investors to Participate in India’s growth story through various Investment avenues.”

Global Outlook

The US economy grew at an annual rate of 3% in the second quarter of CY2024 as per the Second estimate, up from 2.8% in the initial estimate and 1.4% in the first quarter. The upward revision was mainly due to increased consumer spending.

The US economy added 2,54,000 jobs in September 2024, significantly surpassing the revised 1,59,000 in August and forecasts of 1,40,000 marking the strongest growth in six months. This robust data reinforces Fed Chair Jerome Powell’s view that the economy is in solid condition, suggesting the Federal Reserve is not in a hurry to cut interest rates, which dampens hopes for a significant rate cut in November.

President Joe Biden announced he will not seek re-election and endorsed Vice President Kamala Harris as the Democratic nominee. However, analysts noted that Biden’s decision was widely anticipated by the markets, and Donald Trump so far remains the favourite to win in November. Although, the presidential debate raised chances for a Kamala Harris election victory.

China reported second- Quarter GDP growth of 4.7% missing expectations of a 5.1% growth. It’s slower than the 5.3% GDP increase in the first quarter. China’s economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping  alive    expectations Beijing will need to unleash even more stimulus. China has unveiled its largest set of economic stimulus measures since the pandemic in an attempt to kick-start growth in the world’s second largest economy.

Primary Market

In the first half of 2024, while global IPO markets cooled, India’s IPO market saw a remarkable surge, defying the trends observed in the US, Japan, and China. Globally, IPO volumes declined by 12%, with proceeds down 16% year-over-year. However, India’s primary market experienced strong growth, with fundraising nearly doubling compared to the previous year. During H1 of FY25, 40 Indian companies raised INR 51,365 crore through mainboard IPOs—a 95% increase over the INR 26,311 crore raised in the same period of FY24. This growth helped India emerge as a global leader in IPO activity, reaching 78 mainboard IPOs in FY24—the highest annual total since FY17 and a 111% rise from the 38 listings in FY23.

“The Indian primary market witnessed a robust influx of IPOs in the first half of the year, supported by positive market conditions, strong economic growth, lower inflation, and stable interest rates. Around 40 mainboard IPOs took place in H1FY25, many of which saw high demand from investors and substantial post-listing gains, reflecting prudent pricing strategies and a favorable market environment. This momentum has increased confidence among promoters to raise funds via IPOs and encouraged investor participation in public offerings,” stated Mr. Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Private Limited.

Mr. Lunawat added, “As the Indian stock market continues to exhibit robust growth despite global uncertainties, a record 15 companies registered their IPO documents with SEBI on the last day of September. This pushed total filings for the month to 41—the highest-ever IPO document filings in a single month.”

India’s benchmark indices, the NSE Nifty 50 and the S&P BSE Sensex, have risen by 15% and 13.2%, respectively, making them the fifth and seventh best-performing indices in Asia this year.

 QIP Fundraising Hits Record High

Fundraising through qualified institutional placements (QIPs) has reached a record high this year, driven by favorable valuations and liquidity support, encouraging large corporations to pursue significant fundraising rounds. So far, 71 companies have raised INR 88,678 crore through QIPs—the highest in a calendar year.

“QIPs involve only institutional investors and are completed much more quickly. Growth capital in the form of equity is being favored, as growth based on leverage is considered less appropriate,” noted Mr. Mahavir Lunawat, Managing Director of Pantomath Capital Advisors.

 Way Forward

Looking ahead, the IPO pipeline for the rest of CY24 remains robust. A total of 25 companies, planning to raise approximately INR 63,550 crore, have already secured SEBI approval, while another 48 companies are awaiting SEBI’s nod to raise an estimated INR 91,805 crore. Both domestic and international investors are channelling capital into companies with strong expansion plans, further fuelling India’s IPO boom.

Hyderabad, 12 November 2024 – Hyderabad-based Bhanzu, a global math-learning edtech startup founded by Neelakantha Bhanu, the World’s Fastest Human Calculator, has raised $16.5 million in a Series B funding round led by Epiq Capital, with continued support from Z3 Ventures, Eight Roads, and Lightspeed Ventures. This investment will help Bhanzu reach 100 million students in the next five years, spreading the love for math across India, the U.S., the U.K., and the Middle East. Bhanzu has achieved impressive success with 8X growth since its last funding round. This growth is driven by the faith and confidence of both parents and students, highlighted by a 5X increase in resubscriptions

Bhanzu courses make math interactive and relatable by connecting it to real-life situations, helping students see math as a useful skill for both academics and everyday problem-solving. Using advanced Artificial Intelligence, Bhanzu customizes lessons to each student’s pace and needs, making learning smoother and more enjoyable. This adaptive approach keeps students engaged, builds their confidence, and prepares them for exams and real-world challenges. With this new funding, Bhanzu is set to become a global leader in math education, inspiring a generation of confident math learners.

Bhanzu’s Founder and CEO, Neelakantha Bhanu, is celebrated as the first Indian to win a gold medal in the Mental Calculation World Championship at the 2020 Mind Sports Olympics in London, an achievement that earned him recognition from the President of India. Driven by his passion for math, Bhanu is on a mission to make math enjoyable, accessible, and relatable for young learners everywhere. During the COVID-19 lockdown, Bhanzu’s innovative and engaging approach provided essential support to thousands of students, allowing them to stay connected to math learning from home.

Neelakantha Bhanu, Founder and CEO of Bhanzu, shared: “This funding is a major milestone in our mission to transform how children learn math. The positive response in India has been overwhelming, and we’re excited to expand our engaging, hands-on approach to the U.S., U.K., Middle East, and other countries. Parents and children value our platform for building real confidence in math. With this support, we’re eager to expand further, refine our platform, and create a global math learning experience—built in India, for the world.”

Chennai, 12th November 2024 CADD Centre proudly hosted its highly anticipated International Design Competition ’24 (IDC’24), a celebration of creativity, innovation, and engineering excellence. The grand finale, held at Welcomhotel by ITC Hotels in Chennai, brought together industry leaders, esteemed guests, and aspiring student designers to celebrate the remarkable talent within the design community. IDC’24 saw impressive participation, with 31,000 students from across India competing in categories of Product Design, Building Design, and Electrical & Electronics Design. Reaching out to 500 plus colleges, students embarked on a rigorous journey, starting with the Knowledge Hunt for foundational skills, progressing through Talent Hunt phases from ideation to model creation, and culminating in the Skill Hunt design challenge. The finale brought together the top 22 teams from Tamil Nadu, Karnataka, Maharashtra, and Kerala, showcasing exceptional talent and creativity.

The keynote address was delivered by Dr. Suresh Kumar, Head of Cabin & Cabin Systems at Daimler India Commercial Vehicles, who emphasized the role of innovation in the automotive industry, with a particular focus on embedded systems. Dr. Ravichandran Kandaswamy, Dean of MIT at Anna University, highlighted the responsibility of today’s engineers, emphasizing that access to advanced technologies empowers them to excel and shape a future of innovation and efficiency.

The jury, comprising esteemed professionals across sectors, assessed the presentations and engaged in discussions on best practices in design and engineering. The winners of IDC’24 showcased exceptional talent and innovation across categories. Team Fusion from Vimal Jyothi Engineering College, Kannur, Kerala, won the Building Design category; Team ASIET_EE_G3 from Adi Shankara Institute of Engineering & Technology, Angamaly, Kerala, topped Electrical & Electronics Design; and Terma Mech1 from Terna Engineering College, Vashi, Mumbai, claimed victory in Product Design.

Speaking at the event, Mr. R. Parthasarathy, Chairman of CADD Centre, highlighted the evolving engineering landscape: “Core engineering is increasingly becoming automated, making it essential for students to learn emerging technologies to remain relevant. We are committed to providing platforms that enhance our students’ engineering design skills and foster collaboration with industry professionals, preparing them for successful careers in a competitive marketplace.”

IDC’24 stands as a powerful reminder of the creativity and innovation driving the future of design and engineering. CADD Centre remains dedicated to nurturing the next generation of visionary designers and looks forward to future collaborations that inspire and empower. This year’s event was proudly sponsored by Tech Data, a global leader in IT products and services.

November 12th, 2024 : 90+ My Tuition App, a leader in school-aligned online tuition for CBSE students, has expanded its presence in the Gulf Cooperation Council (GCC) region with a new physical office in Fareej Sudan, Doha, Qatar. This office marks a significant commitment to building accessible, local support for CBSE students, creating a centralized hub for personalized educational assistance in the heart of Doha.

The establishment of this facility underscores 90+ My Tuition App’s vision of making quality, school-based tuition available to students and parents in Qatar. By providing a dedicated space, the company aims to make it easier for the community to connect directly with 90+’s educational resources, staff, and curriculum-aligned support services. Working closely with educational partners like Bright Eduway, the new office will facilitate daily live tuition classes tailored specifically to the CBSE curriculum, fostering better access and ongoing support for students across Qatar.

“Our physical presence in Doha allows us to connect more deeply with the community, providing a local space where students and families can directly engage with our resources,” said Mr. Smijay Gokuldaas, CEO of 90+ My Tuition App. “This office reinforces our commitment to supporting students in achieving academic excellence through a structured, curriculum-aligned approach. It is a critical step in our broader vision of making high-quality, personalized tuition accessible to CBSE students throughout the Gulf region.”

This educational center will streamline the delivery of 90+ My Tuition App’s services, offering a dedicated team and space to support daily live tuition for CBSE students in Qatar. With projections for the Middle East’s ed-tech market to reach $11.2 billion by 2030, this expansion into a physical facility supports the growing demand for accessible, high-quality education in the region.

New Delhi, 11^th November 2024: Nupur Recyclers Limited (NSE: NRL), a leading player in the recycling and processing of non-ferrous metal scraps announces its upcoming expansion into processing various metal scraps and Planning recycling lithium-ion batteries, in line with the increasing demand for sustainable and eco-friendly industrial solutions. The company’s strategic decision to diversify its operations reflects NRL’s commitment to meeting the evolving needs of the market while promoting environmental responsibility.

As part of this expansion initiative, NRL is planning to establish a new state-of-the-art plant by 2027 dedicated to processing metal scraps and recycling lithium-ion batteries. This expansion not only aims to enhance NRL’s production capabilities but also anticipates a significant boost in the company’s revenue. The company’s focus on Non-ferrous metals scrap and planning lithium-ion battery scrap is a strategic move, likely to cater to the rising demand for recycling in the electric vehicle (EV).

“We are thrilled to embark on this new journey towards further sustainability and innovation,” said Rajesh Gupta, Managing Director of Nupur Recyclers Limited “Our investment in the processing of metal scraps and planning lithium-ion battery recycling underscores our dedication to providing eco-friendly solutions while adapting to the changing landscape of the industry.”

NRL’s expansion into these sectors is poised to not only benefit the company but also contribute to the promotion of a greener and more sustainable industrial ecosystem.

The University of Tasmania (UTAS), is now inviting applications for its Master of Marine and Antarctic Science program for 2025.

The course provided by University of Tasmania offers students a doorway to Antarctica and a natural marine laboratory right outside their home. An excellent place to start learning if a candidate wants to work in aquaculture, fisheries, or marine biology. This master’s degree is the only one in the world that combines marine science with an emphasis on Antarctica and the Southern Ocean. The Institute for Marine and Antarctic Studies (IMAS) provides world-class facilities, as well as globally renowned professionals, to help students launch their careers.

In addition to academic studies, the Master of Marine and Antarctic Science program offers practical skills that expand a student’s expertise and provide them a competitive advantage in the job market. With study trip units that extend learning to the Southern Ocean and Australia’s largest fisheries, aquaculture, and seafood industries, this program offers students more than just lectures, labs, and tutorials. Students can also access internationally recognised marine science and ocean governance institutions based in Tasmania, as well as international partner organisations. It also includes a one-year research project in the research stream, an individual project in the professional stream, and the development of employable skills.

Program Delivery: The postgraduate program is provided full-time in English for two years. Eight coursework programs, consisting of four core units and four specialisation units (including Fisheries Management, Governance and Policy, Marine Biology, and Sustainable Aquaculture), are required of first-year students. Students in their second year might choose between a professional stream and research.

Entry Requirements: A Bachelor of Marine and Antarctic Science or Graduate Diploma in Marine and Antarctic Science from the University of Tasmania, or equivalent. An example of an equivalent qualification is a Bachelor of Science with a major in life sciences (such as biology, environmental science, zoology, plant science, marine biology, ecology etc).

English Entry Requirements :

• IELTS (Academic) result with a minimum overall score of 6.0 and no individual band less than 6.0, OR
• TOEFL (iBT) overall score of 72 (no individual skill must be lower than: Reading 16; Listening 16; Speaking 18; and, Writing 22) OR
• PTE Academic overall score of 50 with no score lower than 50

Application Deadline: While there is no deadline, students are expected to apply for their COE 2.5- 3 months prior to the course start date.

Course ​Start Date:​

• Semester 1 – 24 Feb 2025 (All Specialisations)
• Semester 2 – 21st July 2025 (All specialisations)

Pune, 12, 2024 – Amanora School hosted the 5th edition of the Amanora Model United Nations (AMUN) conference recently at the campus.  The two-day event brought together 146 students from 27 schools across Pune to discuss and debate global issues.

The conference commenced with an auspicious lamp-lighting ceremony, followed by a cultural dance performance to welcome the guests and delegates. The school had invited senior  MUN participants across Pune as chairpersons and vice chairpersons of executive boards.

Ms. Meera Nair, Director-Principal of Amanora School, in her opening remarks. “Model United Nations empowers young minds to become global citizens, promoting critical thinking, diplomatic skills, and a deep understanding of international relations. Through such platforms, we aim to nurture tomorrow’s leaders who will champion peace, collaboration, and sustainable solutions for our world’s most pressing challenges.”

AMUN 2024 simulated various committees, including the United Nations Human Rights Council, Social, Cultural, and Humanitarian Committee, Disarmament and International Security Committee, United Nations Economic and Social Council, and the All India Political Parties Meet. The delegates engaged in lively discussions, negotiations, and problem-solving to propose resolutions for the assigned agendas.

“The participants expressed great satisfaction and reported having a good experience. Many felt that the AMUN conference is an excellent platform for newcomers, as they were able to fully comprehend the manner in which Model United Nations conferences are conducted,“ said one of the organizing members.

The event concluded with a heartfelt closing ceremony, where Ms. Meera Nair addressed the attendees, emphasizing the importance of diplomacy, collaboration, and the skills developed by the students throughout the event.

The success of AMUN 2024, with its increased participation and engaging debates, reflects the growing interest among students in understanding global governance and international diplomacy. As these young delegates return to their schools with newfound knowledge and perspectives, they carry forward the spirit of diplomatic discourse and collaborative problem-solving, essential skills for the leaders of tomorrow.

Mumbai, 12^th November 2024: Adani Wilmar Limited, one of India’s largest Food & FMCG companies has been recognized for its commitment to sustainability. The company’s manufacturing plants at Mundra and Hazira in the state of Gujarat have been recognized at the 10th Edition of the India Green Manufacturing Challenge (IGMC), held at ITC Maratha, Mumbai, for their contribution to upholding sustainable manufacturing practices. The Mundra facility was awarded the Gold Medal, while the Hazira plant won the Silver Medal, reflecting Adani Wilmar’s continued focus on sustainable manufacturing practices.

The IGMC, now in its 10th year, is a distinguished platform that celebrates outstanding achievements in manufacturing across industries. Organized by the International Research Institute for Manufacturing (IRIM), the IGMC acknowledges organizations that go beyond conventional practices to implement strategies and processes that prioritize environmental stewardship and operational efficiency.

Speaking on this achievement, Mr. Anghsu Mallick, MD & CEO, Adani Wilmar Limited said, “We extend heartfelt thanks and gratitude to International Research Institute for Manufacturing (IRIM) for recognizing our consistent efforts in ensuring sustainable practices. At Adani Wilmar’s Mundra and Hazira plants, two of the largest edible oil facilities in the country, we are prioritizing sustainability through Zero Liquid Discharge system through our Effluent Treatment Plants (ETP) for 100% water recycling. We have also installed solar rooftops at most factories to generate renewable energy and are actively substituting coal with biomass wherever possible. As a responsible company, we are committed to sustainable practices that benefit not only the environment but also the communities where we operate.”

These awards are part of the National Awards for Manufacturing Competitiveness (NAMC), instituted by International Research Institute for Manufacturing (IRIM) in 2013, to inspire organizations to undertake unique and tailored strategies to remain competitive. NAMC assesses each participant’s performance across ten indicators of manufacturing competitiveness, a comprehensive assessment that evaluates a facility’s progress towards achieving sustainable goals. As a third-party evaluator, IRIM provides an unbiased rating based on its Manufacturing Competitiveness Index, which gauges each facility’s effectiveness in developing and executing a winning strategy. This rating is achieved through a structured assessment of the manufacturing facility on 10 indicators of manufacturing competitiveness, which are building blocks behind the calculation of this index. The assessment is customized for each facility by assigning unique weightage to each of these indicators based on organization’s priorities to become more competitive.

The recognition of Adani Wilmar’s Mundra and Hazira plants reflects the company’s overarching commitment to sustainability, aligning with its vision to spearhead responsible manufacturing practices in India’s food and oil industry.

12th November 2024: Unstop, the leading talent engagement and hiring platform for students and graduates, has commenced its Online Off-campus Hiring Drive, the largest initiative of its kind. Open to students and working professionals, the drive provides opportunities to secure tech and non-tech jobs in leading companies, such as Airtel, Tata, EY, NoBroker, Axis Bank, Bajaj, L’Oreal, and Asian Paints, among others.

Offering a streamlined process for job seekers, Unstop’s online off-campus hiring drive allows candidates to apply for jobs with a single click, choosing from three categories – Hiring Challenges, Jobs, and Internships. Companies participating in the drive will shortlist candidates based on their specific eligibility criteria, offering an inclusive and accessible process for all applicants.

The highest package being offered in this drive comes from IntegrateUs, offering a CTC of INR 30 LPA, while Clinikally offers the highest internship stipend of INR 70,000. Additional competitive offers include a CTC of INR 26 LPA from L’Oréal, with a stipend of INR 1.6 lakh per month.

“The hiring landscape is rapidly evolving, and Unstop’s mission is to ensure that the right talent, regardless of location and educational background, gains access to the best opportunities,” commented Ankit Aggarwal, Founder and CEO of Unstop. “With this hiring drive, we are connecting top companies to the versatile talent they seek while creating an inclusive and more efficient hiring process, benefitting both employers and potential employees. Unstop remains committed to bridging the talent and opportunity gap to offer a chance for every candidate to succeed.”

The deadline for the applications is 30th November 2024. To register, candidates simply need to visit Unstop’s Online Off-Campus Hiring Drive 2024 page, select the opportunity they are interested in and start applying. All opportunities across major categories, like engineering, management, design, media, and more, are available free of cost.