All posts by Neel Achary

New Delhi 6th March, 2023: PropsAMC, the asset management services and data intelligence arm of Square Yards, said it has raised INR 100 Cr+ AUM for its first Grade A commercial project in Hyderabad in a record time of three months. The project is Square Yards’ maiden venture into the fractional product category, with an average investment participation of INR 40 lakhs from a pool of over 250 investors totalling to 100,000+ square feet.

“We are excited by the response we have received in just three months since the launch of our fractional investment platform last year. This INR 100 Cr+ AUM milestone is testament to the unbridled faith reposed by investors on our platform and will play a significant role in establishing ourselves as a trusted investment partner for both clients and developers. Our prime focus is to help investors earn lucrative returns through rental income and capital appreciation of the property. We plan to reach AUM of INR 1000 Cr within the next six months by building a gamut of assets across tier 1 cities, while focusing on properties that offer better periodic yields and exit returns,” said Tanuj Shori, Founder and CEO, Square Yards.

The Hyderabad commercial property will provide investors with 8% gross returns on their investment and a targeted XIRR of 14-15%, post fees and pre-tax. Amid the digital transformation of the commercial real estate sector, investing in commercial assets through fractional ownership is slowly becoming the next big thing for people looking to build stable wealth. It has opened the commercial real estate market for middle-class investors who want to enjoy high-yielding assets alongside HNIs.

“The fractional ownership market in India is at a very nascent stage and have 4-5 players collectively today, having approx. INR 1200Cr asset under management (AUM). Presently most players are only investing in commercial yielding asset. We see this market growing at 10x within 3 years with an average return of 14-15% XIRR (post fees, pre-tax) and would also start fractional offering in industrial assets, schools, student housing, hospitals, land etc. beyond just commercial assets,” said Anand Moorthy, CBO, Asset Management Services and Data Intelligence, Square Yards.

With the help of real estate tech platforms like PropsAMC, it has become easier for investors to identify, buy, track and scale fractional property investments without any fuss. Furthermore, investing in CRE via fractional ownership meets all criteria of returns, has the safety of capital preservation, and can generate steady monthly or quarterly cash flows.

The fractional ownership market in India is pegged to become a big investment vehicle in the coming years, with the market now valued at $5 billion and expanding. Demand for CRE and office leasing has grown significantly in the past couple of years in India as MNCs are dropping anchor in tier 1 cities to become a part of India’s growth story. With the CRE market estimated to grow by 16%, fractional investing will play a stellar role in substantial infusion of capital in several upcoming commercial projects and in the same breath earn handsome returns for investors.

6th March 2023, New Delhi : Leher Sethi (Secretary – ICUNR & Founder – Something Creative) & Neeraj Kumar (Founder – Le Magnifique Group) hosted an afternoon to celebrate International Women’s Day on Sunday, 3rd March 2023 at Le Meridien, New Delhi in the presence of Chief Guest, Hon’ble Minister, Raaj Kumar Anand, GNCTD (Government of the National Capital Territory of Delhi) and Guests of Honour, Dr. Arun Gupta (President – Delhi Medical Council), Seema Gupta (Chairperson – Delhi Social Welfare Development Board) and the Ambassador of Nepal, H.E. Dr. Shankar P. Sharma.

The panelists Dr. Arun Gupta, Dr. Deepika Krishna, Manoj K. Chandra, Sarvesh Mishra and Yogita Bhayana discussed “Women and the Mental Health Crisis Understanding the crisis in context of the Indian Society”, moderated by Sarvapriya Sangwan, YouTube Head, India – BBC. The need for a collective effort from civil society and government agencies in recognizing mental health needs of women, while dispelling the stigma associated with seeking help was discussed in the context of both rural and urban Indian society.

The event was commemorated in the presence of UN delegates, Embassy Heads, Select Diplomats and guests. International Women’s Day was celebrated by awarding women achievers from different genres for their exceptional contribution in their respective fields.

The event was organized in partnership with Aryan Infraheight Developers. The Associate Partners were Cancer Healer Center & Immunosciences. The event was supported by Le Meridien Hotel, that hosted the event. The awardees were gifted products by Pink Knots and The Woman’s Company.

The guests were welcomed with a note by Leher Sethi and the UN General Secreatry General’s address by Mr. K.L. Malhotra, which was followed by the panel discussion and awards ceremony. The evening witnessed some power packed acceptance speeches along with encouraging and inspiring words from the Chief Guest, Mr. Raaj Kumar Anand, who spoke about the role of his grandmother in shaping his life and encouraging him to come out of poverty with sheer determination and hard work.

Aruna Abhey Oswal was awarded the Lifetime Achievement Award for her contribution towards Women and Child Development, Philanthropy, and Social Work. The other awardees of the ICUNR International Women’s Day Awards were:

1. Aartika Bhayana for Sports

2. Aditi Swain for Fashion Design

3. Alka Kapur for Philanthropy and Education

4. Anushree Mahajan for Education & Skill Training

5. Aparna Challu for Social Entrepreneurship

6. Devika Jeet for Tourism

7. Isheeta Ganguly for Music

8. Minakshi Goil for Social Activism

9. Mona Munjal for Brand & Marketing Strategy

10. Monica Sharma for Hospitality

11. Peggy Bhohi for Corporate Relations

12. Rachna Kalra for Environment Activism

13. Rashme Oberoi for Writing

14. Shreepriya Bindal for Social Work

15. Sonali Chaudhari for Art

On this occasion, Mrs. Leher Sethi, Secretary – ICUNR said, “We need to keep talking about the need for equality while celebrating the accomplishments of the amazing and empowered women all around us, because while it is important to celebrate the distance we have covered, it is also important to remind ourselves of how far we still need to go.”

Mr Neeraj Kumar of Le Magnifique Group said, “Women are the strongest and most beautiful souls on earth, juggling their responsibilities immaculately at home and at work. Here’s wishing all a very Happy Women’s Day 2023!”

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Kochi, March 6th, 2023: Ahmedabad Defenders clinched the trophy in the second season of RuPay Prime Volleyball League powered by A23 with a 15-7, 15-10, 18-20, 13-15, 15-10 win over the Bengaluru Torpedoes at the Regional Sports Centre, Kochi on Sunday. Angamuthu was named the player of the match for his dominating show.

LM Manoj and Nandhagopal combined early on to put blocks on Bengaluru’s attacks. As Ibin and Pankaj got involved in attacks, the Torpedoes showed they are there to fight. But with incessant attacks from Angamuthu, the Defenders maintained their composure. As skipper Muthusamy Appavu began setting up Danial and Manoj, Ahmedabad drew block errors from the Torpedoes and picked up a hefty lead.

With service pressure building, the Torpedoes struggled to run their attacking plays from the middle. Ahmedabad’s in-form defence tackled well with Bengaluru’s attack, while Angamuthu and Santhosh dismantled the Torpedoes’ momentum.

Just when it looked like Ahmedabad will run with the game, Sethu’s magic from the service line brought Bengaluru back into the business. Danial almost ended the show with his powerful spikes. But Bengaluru held themselves on, drawing errors from Ahmedabad.

Abalooch tried to use his height to bully Santhosh, but the dual block line of Santhosh and Manoj kept making crucial blocks for Ahmedabad. But with a block on Mujeeb and a magical super-serve, the Torpedoes truly brought the contest back to level pegging and pushed the match to the fifth set.

The battle between the middle Danial and Jishnu raged on in the final set. A clever block from Abalooch brought Bengaluru back into the see-saw battle. Angamuthu’s spikes kept testing the Torpedoes’ defence. A soft super-serve from Santhosh ended the contest and the Defenders closed out the final set to clinch the trophy.

The Celebrity Cricket League 2023 is Reloaded off to a great enthralling match between Bengal Tigers Vs Bhojpuri Dabanggs. The match was amazing with some blitzing performances by players from both sides. The game was entertaining and a powerhouse of cricketing fun in an all-new format.

It is the first time in cricket history that a T20 match will be played in 2 innings of 10 overs each. The new format offers More Cricket, More Entertainment, and More Fun with the Cine Stars from 8 teams representing the respective Film Industries (Telugu Warriors, Karnataka Bulldozers, Chennai Rhinos, Kerala Strikers, Bengal Tigers, Bhojpuri Dabanggs, Mumbai Heroes and Punjab De Sher) competing for the CCL 2023 crown.

Match 11: Bengal Tigers Vs Bhojpuri Dabanggs

Playing XI Bengal Tigers: Jisshu(c), Yusuf(wk), Jeetu, Uday, Indrasish, Jammy, Ratnadeep, Sandy, Aditya, Rahul, Joy, Ananda, Mohan, Shogo, Monty, Suman

Playing XI: Bhojpuri Dabanggs: Manoj Tiwari(c), Dinesh Lal Yadav Nirahua, Pravesh Lal Yadav, Vikrant Singh, Uday Tiwari, Aditya Ojha(wk), Anshuman Singh, Ayaz Khan, Asgar Khan, Raghav Naiyyar, Sudhir Singh, Ravi Kishan Shukla, Jay Yadav, Vaibhav Rai, Vikash Singh Virappan

Toss: Bhojpuri Dabanggs won the toss and elected to Bowl First

Highlights:

1st Innings Bengal Tigers: Bengal Tigers struggled to score 59 Runs for 10 wickets in the 9.5 Overs

Jammy top scored with 17 Runs. Captain Manoj Tiwari and Aditya Ojha from Bhojpuri Dabanggs shared 3 wickets each and played a vital role in containing Bengal Tigers.

In reply:

1st Innings Bhojpuri Dabanggs: Bhojpuri Dabanggs scored 116 Runs for 5 wickets in the allotted 10 Overs securing the lead of 57 Runs. Pravesh Lal Yadav top scored with 57 runs off 25 balls with Aditya Ojha chipping in with 30 runs off 14 balls.

In the 2nd Innings

2nd Innings Bengal Tigers: Bengal Tigers scored 105 Runs for 2 wickets in the allotted 10 Overs setting a target of 49 to win for Bhojpuri Dabanggs.

Jisshu Sengupta top scored with an unbeaten 68 Runs followed by Yusuf Chisti with 13 Runs.

and Aditya Ojha took 1 wicket in the allotted quota of 1 Overs.

In reply: Requiring 49 Runs to win

2nd Innings Bhojpuri Dabanggs: Bhojpuri Dabanggs achieved the target in the 6.1 over of their innings.

Result: Winners: Bengal Tigers / Bhojpuri Dabanggs Bengal Tigers / Bhojpuri Dabanggs by 5 wickets.

The league has Parle as the Title Sponsor for CCL 2023 and A23 – a skill-based gaming platform- as this season’s Presenting Sponsor.

According to Mr. Vishnu Vardhan Induri, Founder & Managing Director of Celebrity Cricket League, “We are delighted to bring back the Reimagined, Refreshed, and Reloaded edition of Celebrity Cricket League 2023. This season offers More Cricket, More Celebrities, and More Fun for the visitors with the new format of a T20 with 2 innings of 10 overs per team. We are excited at the response to CCL 2023 so far and look forward to more excitement in the rest of the games.”

Actor-producer Riteish Deshmukh is leading Mumbai Heroes, Punjab De Sher captain is actor Sonu Sood, Bhojpuri Dabanggs has actor Manoj Tiwari as their captain, actor Jisshu Sengupta is leading Bengal Tigers, Karnataka Bulldozers will be led by actor Kiccha Sudeep, Telugu Warriors is headed by actor Akhil Akkineni, Kerala Strikers has actor Kunchacko Boban as their captain and actor Aarya is captain of Chennai Rhinos.

The matches will be telecasted live and exclusively across the ZEE TV network on 6 different channels.

All 19 Games of CCL are to be telecasted on Zee Anmol Cinema, 4 League Matches of the home team, and 2 Semis + 1 Final in their respective Regional language Commentary. Matches of Mumbai Heroes will be telecasted on & Pictures Hindi, PTC Punjab will telecast matches of Punjab De Sher, Zee Cinemalu, Zee Thirai, Zee Pichar, Zee Biskope, Zee Bangla will telecast matches of Telugu Warriors, Chennai Rhinos, Karnataka Bulldozers, Bhojpuri Dabanggs, Bengal Tigers and matches of Kerala Strikers will be telecasted on Flowers TV.

CCL 2023 is all set to thrill cricket and movie fans alike in its new season – Reimagined, Refreshing, and Reloaded!

Fasten your seatbelts for more Fun!!

March 2023: Burma Burma Restaurant and Tea Room is a brand known to offer cuisine from Burma (Myanmar), delicately made from cherished family recipes. Post the successful launch of its restaurant business and bb pantry, the brand now forays into launching artisanal ice creams and merchandise t-shirts. Deep rooted connections with flavors, stories and nostalgia, Burma Burma now introduces gourmet ice creams in 6 unique and premium flavours. Each of the icecreams brings an irresistible mix of flavor profiles, set to satisfy every taste and inspire moments of everyday happiness. To match their yummy ice creams, Burma Burma collaborated with Pure Waste to design a range of responsibly produced recycled t-shirts. Talking about the t-shirts designed by Rushil Bhatnagar, the designs pay homage to 80’s ice cream parlours coupled with chequered decors and stencil-painted texts. These t-shirts are exclusively made to celebrate Burma Burma’s new range of nostalgic artisanal ice creams.

The icecream flavours are so unique that you might be spoilt for choices. “Honeycomb & Sweetcorn”, “Dark Chocolate & Olive Oil”, “Caramelised Chocolate & Cheese”, “Pineapple Energee” , “Avocado & Honey” and “Durian Fruit” are the scrumptious whipped up scoops to choose from the ice cream menu. With palette friendly flavors & people’s favorite, the experimentation goes beyond the kitchen to innovate with nostalgia. At its core, the team at Burma Burma is constantly inspired by everyday ingredients living with them since they were kids. These ice creams are created with some very unique and unusual ingredient combinations like a Sweet corn ice cream popsicle and honey comb, the after school drink of every kid Pineapple Energee which is flavoured milk, churned to an ice cream, served with brown butter crumble, Avocado ice cream topped with honey caviar and coconut fumes and the forbidden Asian Durian Fruit known for its distinct taste and flavour churned into one-of-a-kind handmade ice cream exclusively available at Burma Burma.

Offering the yummiest Ice Creams in a variety of flavours for Indian homes is a new dimension added by the recognised multiple outlet brand. These delectable scoops by Burma Burma are here to win your hearts with the best quality ingredients.

Commenting on the launch Co-founder, Ankit Gupta says “The recently introduced flavours are a reflection of the preferences of Millennials and Gen Z. We have played upon the nostalgia of ice cream rituals such as visiting parlors, birthday parties, bowls shared with families & guests which to an extent helped us in creation of each flavour. Thus making this new range accessible and enjoyable for all ages. These new flavors represent our passion and commitment to creating what’s ‘next’ on our menu. Our packaging is equally nostalgic and breaks through the monotony by encapsulating the feeling of Vintage Parlors and Ice Cream Trucks.”

Burma Burma Artisanal Icecreams and merchandise t-shirts are available exclusively at all Burma Burma Restaurant and Tea Room. Icecreams are also available for delivery in Mumbai, Noida, Bengaluru, Gurugram, Delhi and Kolkata priced at Rs 500 onwards.

T-shirts are available on the Burma Burma pantry website too- www.shopburmaburma.in.

World Book Fair is a platform for various book launches, author discussions, and literary events. As World Book Fair is on full swing at Pragati Maidan, the series of book launching events are on its way. Among the most talked-about book releases today, there was book release of Pendown Press’ books Driving Digital Transformation by Raktim Singh, Bhuwan Pant’s Don’t Delay Act to Play, Ajay Adlaka’s Why Nobody Cares for Your Brand, Dr. Taara Malhotra’s MIndful Miracles and Sanjay Narwal’s books, namely Rich Practitioner Kaise banein and Pashupalak Apni Amdanee kaise badhayein.

Among these books, Raktim Singh’s book is in both Hindi and English which is written on the topic of Digital Transformation, whereas Sanjay Narwal’s both books are in Hindi language which are written for the purpose of making the readers aware, especially the farmers of this country, about the importance of cattle wealth and how to nurture and preserve this wealth.
The author corner of Pragati Maidan was jam-packed just before and during the release of these books.

As the guests took their seats, the host of the event welcomed everyone and introduced the authors of these books in concise but effective way. Firstly, the founder and CMD of Pendown Press Dinesh Verma was called upon the stage and were asked to address the audience. Amid the thunderous clapping, Mr Verma Greeted the Gathered with his quintessential smile and said,

” Releasing books through the prestigious place of Author Corner in Pragati Maidan is indeed a proud moment for us. The Pendown Press authors have made all these possible. All the books being launched today carry great values and significance for the readers and this is what the aim of Pendown Press is.”

Soon after that the authors read a brief excerpt of their books to give the audience a taste of the books being launched.
Following the author’s presentation, Q&A session began. After the Q&A, there was book signing event. Readers met the author, and took his signed book. The entire book launching ceremony was quite electrifying and engaging.

Mumbai, March 2023: A recent survey of Chief Financial Officers (CFOs) in India, conducted by Dun & Bradstreet India, a leading global provider of business decisioning data and analytics, found that CFOs’ confidence in financial and macro-economic conditions has declined over the same quarter in the previous year. The pan-India survey compared the confidence levels of CFOs for Q1 2023 with the previous quarter.

Key findings from the survey:

• The Composite CFO Optimism Index declined by 7.8% (y-o-y) to 96.1 in Q1 2023. However, the index increased by 8.3% on a q-o-q basis

• The optimism level for overall macroeconomic scenario declined by 18.2% (y-o-y) in Q1 2023

• Only 35% of CFOs expect an increase in the operating margin of their company in Q1 2023, lowest in 10 quarters

• Only 7% of CFOs in the industrial sector expect the level of financial risks to decrease in Q1 2023, lowest since Q2 2012

• Optimism for raising short term funds is highest since Q2 2012

• Overall scenario for mergers and acquisitions is highest since Q2 2022

• Risk appetite of the CFOs in the industrial sector is highest since Q1 2020

The Dun & Bradstreet India Composite CFO Optimism Index analyses the optimism level of CFOs on 12 parameters: operating margin, liquidity position, level of financial risk on company’s balance sheet, risk appetite, need for raising short-term and long-term funds, cost of raising funds, availability of funds, domestic and global macroeconomic scenario, overall scenario for mergers and acquisitions, and level of financial risks for corporate sector.

Commenting on the findings of the survey, Arun Singh, Global Chief Economist, Dun & Bradstreet, said: ”The optimism level of CFOs has been subdued for five consecutive quarters, although the pace of decline moderated in Q1 2023. Even as the outlook for domestic growth remains positive, businesses remain wary about the economic developments in the domestic and global market. India’s growth forecast has been revised downwards in the last few months as core inflation has not yet abated, and interest rates are still inching up. As the global economy is headed towards a synchronized economic slowdown, export prospects remain weak. Reflecting upon the risk to the economic and business environment, CFOs remained cautious about operating margin and liquidity position – the optimism for which fell to a 10-quarter low in Q1 2023. Amidst the low optimism for profitability and liquidity position, the need for short term funds – an indicator for working capital – has surged to the highest level since Q2 2012, indicating a tightening of cash flow conditions. Businesses should remain vigilant and increase the close monitoring of strategic accounts and focus on effective recovery system”’.

India:  TriVeda Capital, a new-age Indian real estate investment platform and SEBI-registered category II AIF, today announced their partnership with integrated marketing business impact consultancy, One Source. The partnership will involve integrated marketing communication and creative duties across PESO platforms.

The founders, Mr. Ravindra Pai and Mr. Raj Inamdar, have over 40+ years of real estate investment & development experience. The management team at TriVeda Capital has collectively raised over $1.1 Bn capital for real estate projects, and have a development portfolio of 15+ mn sqft. TriVeda Capital in turn is focused on residential assets in major South Indian metropolises.

The partnership will be co-led for One Source by Senior Counsellors, Akanksha Srivastava and Tanya Chaudhary, supported by the national team.

Opining on the partnership Tripti Agarwal, Business Head, TriVeda Capital, said, “At TriVeda, we enable investor participation in the Indian real estate growth story. Hence we looked for partners who believe in mutual growth. It is the same thought process we bring to our investors as well, one of ‘we grow when you grow’. With their extensive experience in the financial space, One Source was an unequivocal choice, demonstrating a partner-and-not-vendor attitude”.

Sandeep Rao, Co-founder & CEO, One Source added, “Over the last five years, we have been defined less as a marketing firm by our partners, and more as a business impact marketing consultancy, or one I heard recently – a scale-up marketing firm. Helping our partners raise billions in valuation and tens of thousands in headcount are the business impact we have created year on year. We are honoured to be working with Ravindra, Raj, and the team at TriVeda, and hope to grow alongside for years to come”.

One Source has offices in New Delhi, Mumbai, and Bengaluru which service Indian and global market leaders across start-ups, BFSI, fintech, edtech, construction, e-commerce, fast fashion, manufacturing, packaging, business consulting, ICT, foodtech and more. Over the last five years, the consultancy has seen consistent 100+% growth across partners and people, beating average industry appraisals along the way at 27% YoY.

Mumbai, India, 5 March 2023 – AVEVA, a global leader in industrial software, has announced Caspar Herzberg as CEO.

With more than 25 years’ software and industry experience, Caspar brings a deep understanding of how technology can transform and reshape industries, enabling innovation and driving responsible use of resources.

Caspar joined AVEVA in 2021 as Chief Revenue Officer and assumed the role of Chief Operating Officer in 2022. AVEVA has recently been acquired by Schneider Electric, and as AVEVA CEO, he will also be a member of the Schneider Electric Executive Committee.

Prior to joining AVEVA, Caspar led all aspects of Schneider Electric’s business in over 80 countries as President, Middle East & Africa. He started his business career at Accenture based out of its London office and worked in extensive digital transformations for the global energy sector. At Cisco, Caspar led sales and services for over ten years, developing smart cities strategies, technology innovation and business master plans for the private and public sector in China, Asia, Japan, Australia, the USA, and Europe.

Caspar replaces Peter Herweck, who will become CEO of Schneider Electric from May 4th, 2023.

Caspar Herzberg, CEO of AVEVA, said: “It is a privilege to take over from Peter Herweck, who has led the company through a time of transformation and renewal. We have a great opportunity ahead of us, having brought together three market-leading software portfolios– Schneider Electric Software, AVEVA and OSIsoft. We are now one of the world’s top industrial software providers, trusted by over 90% of industrial companies from energy, water and food to manufacturing, pharmaceuticals and smart cities. We plan to drive value for our customers with integrated data, AI-infused applications, accelerating their journey to the cloud and providing Software-as-a-Service (SaaS) to reduce total cost of ownership.

“My vision for the future is a completely connected world, where industrial teams use integrated data to collaborate beyond their own four walls. Together with suppliers, partners and customers, they uncover new synergies, reduce waste and create new opportunities. At AVEVA, we are uniquely positioned to enable our customers to thrive in this new connected industrial economy. I’m looking forward, alongside our hugely talented teams, to empowering our customers to design better, operate more efficiently and solve the most critical challenges for industry, infrastructure and our planet.”

Mumbai, March 2023: Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered monthly domestic sales of 6,086 units in February 2023. The export numbers for HCIL stood at 973 units in Feb’23.

Sharing thoughts on Feb’23 sales performance, Mr. Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said, “Our sales performance in the month of Feb’23 has been as per our plan towards seamless transition of our models to new emission norms. We are currently gearing up for the launch of New City, and we are confident that it will generate new excitement and appealing options for customers.”

The company had registered 7,187 units in domestic sales and exported 2,337 units in February’ 22.