All posts by Neel Achary

Four Seasons Resor

Mumbai, 1st March: Four Seasons Resort Maldives at Landaa Giraavaru welcomes two-Michelin-starred Italian
culinary artist and chef Gaetano Trovato back in residence from February 27 to March 5, 2023, as he continues his exclusive collaboration with his Maldivian proteges at Blu Beach Club.

With support from the Blu culinary team, Chef Trovato will debut his new Amolfo degustation menu, inspired by the adventures, dishes and flavours of his Sicilian childhood. Sicilian Branzino seabass, Caciocavallo Ragusano and Pantellaria capers will join island-grown herbs and Landaa-laid eggs in dishes driven by the “zero waste” philosophy Trovato is now imparting to the Resort chefs as part of his mentorship, along with his passion for producing and cooking with the highest quality ingredients.

The exciting collaboration between Chef Trovato and Blu sees the Chef visit for a week-long residency twice a year when his menu is available to the whole Blu Beach Club. Throughout the year, his Tuscany-meets-Maldives magic is available via his on-site proteges who serve just two tables of up to four diners per night, carefully honing the skills that they also polish during regular visits to Trovato’s acclaimed Tuscan restaurants. It’s a fruitful exchange that allows the next generation of already accomplished Resort chefs to elevate their craft to
Michelin-star standards.

To book this special gastronomic experience with Chef Trovato at Blu Beach Club, contact the Central Reservations Department team at tel: (960) 66 00 888 or email: reservations.mal@fourseasons.com

Mumbai, 1 March 2023: The bull run in Indian luxury housing continues even while property prices are on the rise. As per Inspector General of Registration (IGR), Maharashtra, India’s most expensive city – Mumbai – saw revenue collections from property registrations touch new high in February 2023 at INR 1,102 Cr. This was a whopping 79% jump against February 2022 collections when it stood at INR 615 Cr.

Anuj Puri, Chairman– ANAROCK Group, says, “Interestingly, even while revenue collections went up significantly in the period in Mumbai, the total number of property registrations saw a drop of 8% in the year – from 10,379 total registrations in February 2022 to nearly 9,511 registrations in February 2023. This clearly indicates that the sale of big-ticket price homes (i.e. luxury homes) saw significant movement.”

If we deep-dive into data further, February 2023 has seen the highest revenue collection in Mumbai in the last five years during the same month. Also, in entire FY 2023, we saw February to record the maximum revenue collections.

One major factor for high sales of big-ticket price homes in Mumbai and other top cities could be the government’s recent move in the Union Budget 2023-24 to cap capital gains at INR 10 Cr. This new move will come into effect from April 2023. Thus, to save tax on capital gains, the HNIs across top cities including Mumbai are rushing in close luxury housing deals before the financial year ends in March.

Under this new move, if one sells a house/other assets including equities and his/her gains are more than INR 10 crore, then maximum benefit that can be availed is only up to INR 10 crore when invested into another property. Capital gains of over INR 10 Cr will henceforth be taxed from April 2023.

Previously, to save on tax from their capital gains, HNIs/ultra-HNIs would mostly re-invest into an ultra-luxury property. Thus, the new move could be a deterrent for luxury housing sales to an extent once the new provision comes into effect. However, to say that it will have a major impact on this segment will remain to be seen.

Luxury Sales Share Up at 18% across Top 7 Cities

The luxury housing segment has performed remarkably well post the pandemic, with overall sales rising steeply across the top 7 cities. Year 2022 has been even better. As per ANAROCK Research, out of the total 3.65 lakh units sold across the top 7 cities in 2022, about 18% (approx. 65,680 units) were in the luxury category priced >INR 1.5 Cr.

Contrastingly, of the total 2.61 lakh units sold in entire 2019, just 7% (approx. 17,740 units) were in the luxury category.

MMR, NCR and Hyderabad have led luxury homes sales in 2022 with approx. 50,100 units sold in these three cities altogether. Back in 2019, together they saw sales of mere 14,050 luxury homes in the entire year.

Data further reveals that in terms of overall sales share, MMR’s luxury housing sales share increased from 13% (of 80,870 units) in 2019 to nearly 30% (of approx. 1.10 lakh units) in 2022.
In NCR, the sales share rose to 15% (of approx. 63,710 units) in 2022, from 4% (of total 46,920 units sold) in 2019.
In Hyderabad, it increased to 16% (of total 47,490 units sold) in 2022 from 10% of 16,590 units sold in 2019.

Source: ANAROCK Research

Bangalore,1st March 2023: Aditya Birla Capital Ltd (ABCL), the holding company for the financial services businesses of the Aditya Birla Group (“Aditya Birla Capital”) announced its collaboration with National Payments Corporation of India (NPCI) to develop and promote digital payment methods through subsidiaries to its customers.

This collaboration marks entry of Aditya Birla Capital into payments space through its operating subsidiaries and envisages faster adoption of the new technologies in collaboration with NPCI and its subsidiaries with an objective to promote digital payments.

Mr. Pankaj Gadgil, Head Digital Platforms and Analytics, Aditya Birla Capital “We are delighted to partner with NPCI to offer a complete set of digital payment options to our customers. It is our intention to offer a comprehensive suite of financial solutions to our customers and the digital payment solutions is a significant addition to the financial services portfolio offerings. This gets us closer to becoming a one stop shop for all finance needs of our customers. We will create distinctive propositions for existing customers of Aditya Birla Capital and also focus on acquiring new customers from market. Given the group’s focus on building presence across products, we foresee a huge potential to target the requirements of untapped customers. Our foray into digital Payments in partnership with NPCI will give us the competitive edge to offer a frictionless digital payment experience to our customers”

Ms. Praveena Rai, Chief Operating Officer at NPCI, said, “NPCI has always looked to expand the digital payments universe and bring more and more netizens/ citizens into it. For us, it has always been about seamless, simple digital payments experience to all of India and beyond. As Aditya Birla Capital embarks on their journey into payments, the partnership enables both of us to leverage each other’s strengths and expertise to create value and enhance the overall customer experience. This shall bring all of the offerings of Aditya Birla Capital and its subsidiaries together, driving access to financial services and financial inclusion.”

Mumbai, India, March 1, 2023: Hinduja Global Solutions Limited (HGS) (Listed on NSE & BSE, India), a leading provider of solutions in digital consumer experience (CX), business process management (BPM) and digital media services, today announced it has completed the acquisition of 100% stake in TekLink International, Inc for US$ 58.8 million, subject to earnouts and other customary and agreed adjustments.

TekLink International Inc. is a full-service financial planning and analytics service provider to over 60 clients across multiple industries, including consumer products, retail, pharmaceuticals, manufacturing & distribution, utilities, and high tech. TekLink is headquartered in Warrenville, IL, US, with presence in Europe and delivery centers in Hyderabad and Indore in India. The company has strong credentials in the industry, with established partnerships with Microsoft, SAP, Anaplan, etc. TekLink has recently been named a 2022 Gartner® Peer Insights™ Customers’ Choice for Data & Analytics Service Providers.

The acquisition will strengthen HGS’ digital solutions business by adding enhanced expertise in building data platforms, analytics, and financial planning. It will also add complementary digital workforce bench strength, with 275 seasoned technology and implementation professionals joining HGS as part of the transaction. HGS’ digital solutions business currently employs over 750 core technology and digital marketing experts, primarily across the US and India, who are transforming customer experiences (CX) for leading brands.

FOOTHILL RANCH, Calif. _ As fusion developers around the world race to commercialize fusion energy, TAE Technologies has pioneered the pursuit of the cleanest and most economical path to providing electricity with hydrogen-boron (also known as p-B11 or p11B), an abundant, environmentally sound fuel. Today the company is announcing, in collaboration with Japan’s National Institute for Fusion Science (NIFS), a noteworthy research advancement: the first-ever hydrogen-boron fusion experiments in a magnetically confined fusion plasma.

In a peer-reviewed paper published by Nature Communications (“First measurements of p11B fusion in a magnetically confined plasma”), scientists explain the outcome of the nuclear fusion reaction of hydrogen-boron in an experiment in NIFS’ Large Helical Device (LHD). This paper describes the experimental work of producing the conditions necessary for hydrogen-boron fusion in the LHD plasma and TAE’s development of a detector to make measurements of the hydrogen-boron reaction products: helium nuclei, known as alpha particles. The finding reflects years of collaborative international scientific fusion research, and represents a milestone in TAE’s mission to develop commercial fusion power with hydrogen-boron, the cleanest, most cost-competitive, and most sustainable fuel cycle for fusion.

“This experiment offers us a wealth of data to work with, and shows that hydrogen-boron has a place in utility-scale fusion power. We know we can solve the physics challenge at hand and deliver a transformational new form of carbon-free energy to the world that relies on this non-radioactive, abundant fuel,” said MichlBinderbauer, CEO of TAE Technologies.

TAE is the world’s leading and largest private commercial fusion energy company, and this result represents an important step toward development of hydrogen-boron fusion. In layperson’s terms, the company is one step closer to the realization of a fusion power plant that will ultimately produce clean electricity, with only helium, also known as three alpha particles, as a byproduct. These three alpha particles are the hallmark of hydrogen-boron fusion energy, and inspired TAE’s founders to name the company Tri Alpha Energy, now TAE Technologies.

Pioneers in Fusion Science
More than 30 groups are now pursuing the development of fusion energy around the world, and approaches vary widely—from style of reactor configuration to the type of fuel the future reactors will rely on. Since TAE’s founding in 1998, the company has built five National Laboratory-scale devices and has successfully generated and confined fusion plasma more than 140,000 times. TAE is currently building and designing two more machines, Copernicus and Da Vinci, which will be able to demonstrate net energy and deliver power to the grid, respectively.

Inventing fusion reactors that produce net energy is one thing, delivering it as a reliable, grid-ready source of electricity is another. By choosing to pursue hydrogen-boron as a fuel cycle, TAE has anticipated the true demands of commercial, daily use of fusion energy. Most fusion efforts around the world are focused on combining hydrogen isotopes deuterium-tritium (D-T) to use as fuel, and the donut-shaped tokamak machines commonly used in fusion concepts are limited to D-T fuel. Unlike those efforts, TAE’s compact linear design uses an advanced accelerator beam-driven field-reversed configuration (FRC) that is versatile, and can accommodate all available fusion fuel cycles, including p-B11, D-T and deuterium-helium-3 (D-He3 or D3He). This benefit will uniquely enable TAE to license its technology on the way to its ultimate goal of connecting the first hydrogen-boron fusion power plant to the grid in the 2030s. With the FRC, TAE is advancing a modular and easy-to-maintain design that will have a compact footprint with the potential to take advantage of a more efficient magnetic confinement methodology, which will get up to 100x more power out, as compared to tokamaks.

As TAE’s colleagues at NIFS note, hydrogen-boron is considered an advanced fusion fuel because it “enable(s) the concept of cleaner fusion reactors. This achievement is a big first step towards the realization of a fusion reactor using advanced fusion fuel.”

As the paper published in Nature Communications puts it: “While the challenges of producing the fusion core are greater for p11B than D-T, the engineering of the reactor will be far simpler. … Stated simply, the p11B path to fusion trades downstream engineering challenges for present day physics challenges. And the physics challenges can be overcome.”

The hydrogen-boron approach is part of TAE’s core vision for commercial fusion energy, born of the company’s technology co-founder Dr. Norman Rostoker’s philosophy of keeping the “end in mind.” This vision for truly clean, abundant, cost-competitive energy is what sets TAE apart from a growing field of fusion companies. While this reaction did not produce net energy, it demonstrates viability of aneutronic fusion and reliance on hydrogen-boron.

TAE expects to demonstrate net energy on its next research reactor, Copernicus, around mid-decade.

Tradition of Scholarship and Collaboration
TAE announced its partnership with NIFS in 2021, teaming up with esteemed scholars at the inter-university research institute located in Toki City, Japan. The three-year joint research project bloomed from a longstanding collaboration between American and Japanese fusion researchers to explore aneutronic fusion.

Mumbai, India, 1st March 2023 – SBI Securities, a leading stockbroker in India, has partnered with Tara Sansthan, a non-governmental organization committed to providing free eye care and cataract operations to tribal and needy rural people, to facilitate free cataract surgeries for 500 patients across five hospitals in India. The surgery camp will run from 22nd February to 2nd March 2023.

Cataract is the leading cause of blindness in India, and it is a significant issue for people who cannot afford the treatment. To reduce the waiting list and help people in need, SBI Securities has stepped forward and facilitated cataract surgery for 500 patients this year. The company has also helped Tara Sansthan meet the cost of staff, medicines, surgical items, and devices.

On the occasion of this announcement, Mr. Deepak Kumar Lalla, MD & CEO of SBICAP Securities Ltd, expressed his satisfaction with the CSR initiative undertaken by the company. He said, “This initiative by SBI Securities will impact society and help patients achieve better livelihoods. As responsible corporate citizens, we ensure good health and well-being through our CSR activities.”

The patients who have received treatment are delighted and relieved. They can now perform their routine activities efficiently and have a better view. The initiative by SBI Securities and Tara Sansthan is a significant step towards promoting good health and well-being in society.

SBI Securities aims to be an investor to every Indian and takes a customer-first approach. With a nationwide presence, the brand believes in delivering all investment products under one roof with a seamless investment experience.

1st March 2023: Dive into the art of audio with Noise’s latest TWS, Noise Buds X. The leading connected lifestyle tech brand’s recent addition to their TWS portfolio is curated to offer an authentic audio experience while staying light on the pocket. Noise today launched the new Noise Buds X, equipped with Active Noise Cancellation (ANC) up to 25 db along with up to 35 hours playtime. Packaged in an uber cool design, the new Noise Buds X are seamlessly compatible with iOS and Android devices, making them functional in style. Priced at just INR 1,999, Noise Buds X will be available in Carbon Black and Snow White on Amazon and GoNoise.com starting today.

With the importance of sound quality increasing worldwide, it is vital to have a product that is able to provide the users with premium sound quality. Staying true to this, the new Noise Buds X feature the brand’s proprietary and industry-leading technology, InstachargeTM which provides 120 minute playtime in a 10 minute charge giving up to 35 hours of total playtime in a single charge, coupled with Quad Mic ENC (Environmental Noise Cancellation) for an uninterrupted calling experience at callers’ end. Transparency mode on Noise Buds X makes your life seamless as you can use voice commands to turn on the mode when in public or turn it off when not, to cut down on the background disturbance. Furthemore, the 12mm drivers along with Bluetooth 5.3 make this latest addition ideal for an authentic audio experience. Noise Buds X come with HyperSync™ technology that lets the earbuds go into pairing mode as soon as you open the charging case. This technology is also equipped with a power saving feature that turns off the earbuds as soon as you place them inside the charging case and close the lid.

Commenting on the launch, Amit Khatri, Co-Founder, Noise, said, “With an unwavering focus on delivering superior audio quality and user experience packaged at an aspirational price, the Noise Buds X is truly revolutionary in the world of true wireless earbuds. A testament to our commitment to innovation and excellence in providing top-quality audio products, we are confident the new addition will resonate well with our new age customers looking for superior sound quality, comfort, and convenience.”

The Noise Buds X come with a USB Type-C charging connector and IPX5 sweat and water resistance feature making them safe to wear while working out or near water. The 12mm drivers provide a deep and rich in ear bass while also maintaining the highs and lows of the music.

Product Specifications

Noise Buds X

Bangalore 1st March 2023: SonicWall, publisher of the world’s most quoted ransomware data and trusted cyberattack intelligence, today released the 2023 SonicWall Cyber Threat Report. The bi-annual report details an increasingly diversified cyberattack landscape amid shifting threat actor strategies. SonicWall recorded the second-highest year on record for global ransomware attempts, as well as an 87% increase in Internet of Things (IoT) malware and a record number of cryptojacking attacks (139.3 million) in 2022.

“The past year reinforced the need for cybersecurity in every industry and every facet of business, as threat actors targeted anything and everything, from education to retail to finance,” said SonicWall President and CEO Bob VanKirk. “While organizations face an increasing number of real-world obstacles with macroeconomic pressures and continued geopolitical strife, threat actors are shifting attack strategies at an alarming rate.”

“Organizations today face an evolving threat landscape where threat actors are finding new and creative ways to stay ahead of the enterprise,” said Debasish Mukherjee, Vice President, Regional Sales APJ at SonicWall Inc. “Cyber risks and their impacts on organizations globally continue to dominate headlines and boardrooms. The 2023 SonicWall Cyber Threat Report helps elevate us as a credible source and strengthens our ability to provide sound security measures to our customers.”

Threat Actors Shift Strategies, Opt for Covert Cyberattack Methods

Global malware volume increased 2% year-over-year, but it was jumps in IoT malware (+87%) and cryptojacking (+43%) that offset the decline of overall global ransomware volume (-21%), signifying a strategic shift. Threat actors have embraced slower and more stealthy approaches to achieve financially-motivated cyberattacks.

“Cyberattacks are an ever-present danger for companies of all sizes, putting their operations and reputation on the line,” said SonicWall Threat Detection and Response Strategist Immanuel Chavoya. “It is crucial for organizations to understand attackers’ tactics, techniques and procedures (TTPs), and commit to threat-informed cybersecurity strategies to defend and recover successfully from business-disrupting events. This includes stopping sophisticated ransomware attacks as well defending emerging threat vectors, including IoT and cryptojacking.”

In addition to cyberattacks becoming more sophisticated and covert, threat actors are showing clear preferences for certain techniques, with notable shifts toward weak IoT devices, cryptojacking and potentially soft targets like schools and hospitals.

Prominent ransomware attacks impacted enterprises, governments, airlines, hospitals, hotels and even individuals causing widespread system downtime, economic loss and reputational damage. Following global trends, several industries faced large year-over-year increases of ransomware volume, including education (+275%), finance (+41%) and healthcare (+8%).

Diverse Attacks Offset Global Ransomware Decline

Cybercriminals are using increasingly advanced tools and tactics to exploit and extort victims, with state-sponsored activity growing as a concern. While ransomware continues to be a threat, SonicWall Capture Labs threat researchers expect more state-sponsored activity targeting a broader set of victims in 2023, including SMBs and enterprises.

The 2023 SonicWall Cyber Threat Report provides insight on a range of cyber threats, including:

• Malware – Total volume was up 2% in 2022 after three straight years of decline — just as SonicWall predicted in the 2022 SonicWall Cyber Threat Report. Following that trend, Europe as a whole saw increased levels of malware (+10%) as did Ukraine, which had a record 25.6 million attempts, suggesting malware was used heavily in regions impacted by geopolitical strife. Interestingly, malware was down year-over-year in key countries like the U.S. (-9%), U.K. (-13%) and Germany (-28%).
• Ransomware – Although overall ransomware numbers saw a 21% decline globally, the total volume in 2022 was higher than 2017, 2018, 2019 and 2020. In particular, total ransomware in Q4 (154.9 million) was the highest since Q3 2021.
• IoT Malware – Global volume rose 87% in 2022, totaling 112 million hits by year’s end. With no corresponding slowdown in the proliferation of connected devices, bad actors are likely probing soft targets to leverage as potential attack vectors into larger organizations.
• Apache Log4j – Intrusion attempts against the industry’s Apache Log4j ‘Log4Shell’ vulnerability eclipsed 1 billion in 2022. The vulnerability was first discovered in December 2021 and has been actively exploited since.
• Cryptojacking – Use of cryptojacking as a ‘low and slow’ approach continued to surge, rising 43% globally, which is the most SonicWall Capture Labs threat researchers have recorded in a single year. The retail and financial industry felt the sting of cryptojacking attacks, seeing 2810% and 352% increases, respectively, year-over-year.

“Cyberattacks of all varieties continue to hinder organizations worldwide,” said Logically Chief Operating Officer Keith Johnson. “SonicWall’s annual intelligence report gives us a deeper understanding of the current threat landscape and helps breakdown why cyberattacks continue to be successful, as well as the drivers and trends behind them. By making this report available to partners, SonicWall helps elevate us as trusted advisors and strengthens our ability to provide sound security measures to our customers.”

Patented RTDMI Discovered more than 465,000 ‘Never-Before-Seen’ Malware Variants in 2022

SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMITM) technology identified a total of 465,501 never-before-seen malware variants in 2022, a 5% year-over-year increase and an average of 1,279 per day. Dating to 2019, this is the ourth straight year RTDMI increased its total of malware discoveries.

 India Numbers

To learn more about SonicWall and get the complete 2023 SonicWall Cyber Threat Report, please visit SonicWall.com/ThreatReport.

1st March 2023, New Delhi – GotChosen, one of the most favoured social media platforms, introduced the monetization program for influencers – GotChosen Ads Program. Under this unique program, creators will be allowed to monetize their short videos on the GotChosen App. Through this innovative earning model, creators can earn a guaranteed compensation of 60% of the advertising revenue generated.

The GotChosen Ads Program will guarantee monetization of all videos with no time limits on date of the post creation. Users will have access to the complete analytics. The ads format available for monetization are display, native and interstitial ads. Creators will also have the option of monetizing video ads on GotChosen’s web platform.

For creators, GotChosen has introduced a number of monetizing avenues, like the CPM advertising model. This model ensures that for every 1K views on a video, creators get a guarantee earning of INR 15/-, with increases based on continued growth in traction. Creators can also earn royalty rights to referral ad monetization. In addition, The GotChosen Ads Program is also linked with the company’s referral program that pays a 5% bonus. Once a user brings in their friend or acquaintance to the platform, the referral and the user both stand to earn through the ads program. It is available for all users that have more than 10k followers on Instagram, Twitter, YouTube or Facebook.

Commenting on the GotChosen Ads Program, Oz Silva, Founder and CEO, GotChosen said, “At GotChosen, we are committed to democratising the monetization of content on social media platform. We are constantly looking at creating opportunities for our creators to maximise traction of their content, while providing an uninterrupted and unhindered user experience. The GotChosen Ads Program is a result of this objective.”

As a digital nation, we are witnessing the rise of a new wave of content creators, in India. The GotChosen Ads Program allows all our influencers, whether celebrity or nano-influencers, to access opportunities to monetize their content regularly, creating a powerful and sustainable revenue stream.” he added.

GotChosen is offering a true partnership opportunity for influencers and content creators, as the one platform that is adopting total transparency and sharing the revenues with the influencers and content creators. In the ever-chaotic social media space, and among social media platforms, GotChosen is set to raise the bar for all the players in this segment. It is a game changer.

Bengaluru, 1st March 2023: Jiraaf, one of the fastest-growing high-yield alternative investment platforms in India, has recorded more than 15x growth and deployed more than INR 1,000 cr in investments as of January 2023. Jiraaf is the first horizontal fixed-income platform enabling digital participation from investors with a minimum investment size of INR 1 lakh. Investors can earn yields ranging from 8% to 20% for a period of 30 days to 3 years.

Founded in September 2021 by Vineet Agrawal and Saurav Ghosh, Jiraaf has emerged as a reliable fintech platform for alternative fixed-income opportunities repaying INR 550 cr with zero defaults or delays.

Speaking about this, Vineet Agrawal, Co-founder, Jiraaf, said, “Investments are key to financial wealth creation, and in the modern era, alternative investment options have emerged as great opportunities for those seeking predictable & high returns. While equity markets have seen enormous participation from the public, fixed income remains underpenetrated. Our mission at Jiraaf is to make fixed-income opportunities mainstream by innovating and making them more accessible. We are thankful to our partners like Caratlane, Homecredit, Everest Fleet and Rupeek among others for sharing our journey. We have created a strong team across functions including technology, investments, and credit risk to present a wide range of curated investment opportunities.”

Jiraaf takes a cautious approach to curating investments. It works with select borrowers across the yield spectrum which facilitates investors to create a diversified robust portfolio. Delivering INR 550 cr+ repayments without delays or defaults, Jiraaf has established an early track record. Jiraaf started in September 2021 and raised $7.5 mn in funding in April 2022 led by Accel Partners & Mankekar Family Office.

“In today’s market environment, retail investors have a growing appetite for alternative fixed-income products, and we believe there is a gap in the market for products vetted by professionals. Jiraaf has effectively democratised the debt market and has provided access to a wide array of products for wealth creation beyond the traditional asset classes. This milestone achievement aligns with what Saurav and Vineet were set to achieve. We are proud to be part of this journey of Jiraaf in revolutionizing wealth creation.” – Barath Shankar Subramanian, Partner at Accel

Adding further, Saurav Ghosh, Co-founder, Jiraaf said, “We are extremely happy to have crossed the INR 1000 crore investment mark. The trust of our users remains our biggest asset. It gives us great confidence that 93% of our customers are return investors. Our endeavour in the next 12 months is to grow our user base and increase our monthly run rate of investments from 100 cr to 300 cr. Bringing new opportunities and building a robust digital platform will be our key focus areas in the next 1-2 quarters. We are grateful to our investors Accel partners, Aspire family office, Mankekar family office and others who have supported us through our journey.

2022 has been tough for investors with tremendous volatility in the stock markets. With continued uncertainty on several factors including high inflation, and challenging macro growth, there is a strong need for investment options that are predictable, transparent, and capable of delivering good returns. Studies have shown that diversifying 15-20% of your investment portfolio with alternative investments can provide great portfolio returns. Jiraaf has understood this need well and is fast emerging as a leader in the space of alternative investments.