Category business

Mumbai, 16th May 2023: Color Bangla Cinema has already been entertaining movie lovers across the region with ultimate evergreen and captivating movies. The go-to- destination for the biggest Bengali blockbusters, Colors Bangla Cinema now brings the new primetime of 8:00 pm to screen a series of super hit movies for the audience.

Kicking off with a seven-day movie festival, starting from 29th May to 4th June, the first two movies would feature the Dada of the Bengali & Hindi Film industry, Mithun Chakrabarty in the lead role in the films ‘MLA Phatakeshto’ and ‘Minister Phatakeshto’ respectively, followed by Superstar Jeet & Srabanti starrer superhit blockbuster, ‘Wanted’ and ‘Refugee’ starring, the megastar of Bengal, Prosenjit Chatterjee. ‘Phande Poriya Boga Kande Re’, starring Soham Chakraborty & Srabanti, ‘Challenge’ starring Superstar Dev & Subhashree Ganguly and ‘Josh’ starring Jeet and Srabanti are other names of the movies which adds to the list of films for the seven-day movie festival.

Sagnik Ghosh, Business Head, Colors Bangla and Colors Bangla Cinema said, “We are excited to announce the launch of our new primetime lineup on Colors Bangla Cinema, featuring the biggest Bengali blockbusters on television. As the go-to destination for high-quality entertainment, we ensure to provide our viewers with the best possible cinematic experience. With this new lineup, we are enriching the experience of the big screen to the comfort of your home, allowing our viewers to enjoy the greatest and the most entertaining Bengali films with your family and loved ones. In tune with our vision to satiate the entertainment appetite for family viewing every day at 8’o’clock, we believe this small step would strike the right chord with our audiences and would further hook them to the small screen especially post the 2 months of Cricket fever.”

To build awareness and tune-ins, the movie festival will be heavily promoted on air and on social media platforms for better reach and engagement.

Block your calendar and enjoy this series of Blockbusters from 29th May to 4th June at 8pm only on Colors Bangla Cinema!

16th, May 2023  Nestlé India, in partnership with GreenLine, pioneers of LNG-fuelled heavy trucking logistics in India, has taken one more step towards a sustainable future with an LNG-powered fleet. The partnership will help reduce the carbon footprint of the logistics operations of Nestlé India. GreenLine has custom created 46 feet long containers which will be deployed between Nestlé’s factory in Sanand, Gujarat, and Bhiwandi, Maharashtra.

GreenLine’s LNG-powered fleet, comprising state-of-the-art trucks manufactured by Blue Energy Motors, significantly reduces Carbon dioxide, Sulphur Oxides, Nitrogen Oxides, Carbon monoxide and Particulate Matter emissions, thereby enabling emissions reduction from road logistics operations.

Commenting on this initiative, Mr. Sanjay Khajuria, Director, Corporate Affairs and Sustainability, Nestlé India said, “We are accelerating our sustainability initiatives. We are committed towards net zero emissions and sustained logistics is a step in that direction. With this aim we are deploying different modes of transportation using alternate fuel and using bigger vehicles to optimize vehicle capacity utilization. We are hopeful that the association with GreenLine would help us to achieve our objectives.”

Commenting on its partnership with Nestlé India, Anand Mimani, CEO, GreenLine, said, “We are delighted to partner with Nestlé India to help them achieve their emissions reduction goals through adoption of our green mobility solution. Our mission is to enable companies in achieving their sustainability objectives by providing innovative green mobility solutions to decarbonise their road logistics operations. We are committed to creating a cleaner environment and a more sustainable future for generations to come.”

GreenLine is working towards decarbonizing heavy trucking in India and the widespread adoption of LNG-fuelled long-haul trucks by showcasing its immense advantages for corporates. GreenLine has collaborated with multiple organizations to create an integrated green mobility ecosystem to make low-emission LNG trucking a reality in India.

Mumbai, 16th May 2023: Sunprotek brand offers an ultimate sun protection range of products designed to provide a long-lasting shield against harmful UV rays.

“We are excited to present Sunprotek, a brand that has been carefully designed to meet the needs of our customers. With a rise in the number of skin cancer cases and other skin-related conditions, it is more important than ever before to use a reliable sun protection solution. We believe Sunprotek will make a significant difference to the lives of our customers by providing long-lasting protection from harmful UV rays” says Mr. Ajay Kakar, CEO and Founder, Salve Group of Companies.

The Sunprotek range has been formulated using advanced technology, combining a blend of active ingredients that work together to offer superior sun protection. The products are non-comedogenic, water-resistant, and sweat-proof and have a lightweight formula that does not leave a greasy residue on the skin. The products are cosmetically accepted, scientifically validated & authenticated formulations for all the label claims.

The Sunprotek range includes

•  Sunprotek 30+ Gel
•  Sunprotek 50+ Gel
•  Sunprotek 30 Lotion

The Sunprotek range is based on a USFDA-compliant sunscreen solution and is an ideal, smooth and elegant protection for all skin types. It is a gel-based, broad-spectrum sunscreen introduced in India with unique water-in-oil-emulsion encapsulation nanotechnology.

India is a land of diverse cultures and cuisines, but one thing that unites all households is the use of cooking oil. With a wide range of options available in the market, choosing the right cooking oil for your family’s health can be a daunting task. Rice bran oil, with its numerous health benefits, has emerged as a popular choice among health-conscious Indian households. It is suitable for traditional Indian dishes, Asian & Continental dishes, and dressings for salads.

Rice bran oil is a type of vegetable oil that is extracted from the outer layer of rice grains. It has gained popularity in recent years as a healthy cooking oil option due to its high nutritional value and health benefits. For India, rice bran oil will become an important part of many households.

Rice bran oil is rich in antioxidants, such as vitamin E and gamma oryzanol, which help to protect the body from damage caused by free radicals. This is important for maintaining good health as oxidative stress is a major cause of chronic diseases, such as heart disease, diabetes, and cancer.

Speaking at the recently held International Conference on Rice Bran Oil (ICRBO), Dr. Rohini Sharma, Ph. D. Food Science and Nutrition, Consultant Food Technologist, Consultant Nutritionist, and Life Coach said, “Rice Bran Oil is a very healthy oil and more people should know the benefits of using the Rice Bran Oil. Rice Bran Oil has a balanced fatty profile with PUFA and MUFA in the ratio of 1:1, and very low saturated fatty acids. It is rich in nutraceuticals – Oryzanol, tocopherol, and tocotrienols which are natural Antioxidants. Gamma-Oryzanol present in Rice Bran Oil reduces Bad Cholesterol (LDL) and maintains Good Cholesterol (HDL). Furthermore, rice bran oil has a high smoke point, which means that it can be used for high-temperature cooking, such as deep frying, as it remains stable and retains nutrients at high temperatures, ideal for cooking food in the Indian Kitchen. We suggest people shift to rice bran oil for daily cooking and make a healthier choice.”

Health Benefits of Rice Bran Oil

Rice bran oil is rich in antioxidants, vitamins, and minerals that provide numerous health benefits. Here are some of the health benefits of rice bran oil

•  Lowers Cholesterol Levels: Rice bran oil is rich in plant sterols, which have been shown to lower LDL (bad) cholesterol levels in the blood. This helps to reduce the risk of heart disease and stroke.
•  Improves Heart Health: The high levels of monounsaturated and polyunsaturated fats in rice bran oil can help to reduce the risk of heart disease by improving blood lipid levels and reducing inflammation in the body.
•  Helps with Weight Loss: Rice bran oil contains compounds that can help to boost metabolism and increase fat burning. This makes it a useful addition to a weight loss diet.
•  Supports Brain Health: The vitamin E and gamma-oryzanol in rice bran oil have been shown to improve cognitive function and memory. This makes it a valuable addition to the diet, especially for older adults.
•  Anti-inflammatory Properties: The high levels of antioxidants in rice bran oil can help to reduce inflammation in the body, which is a major cause of chronic diseases such as arthritis, diabetes, and cancer.

Adding to this, Dr. Sheryl Salis, Registered Dietician (RD), Certified Diabetes Educator, Insulin Pump Specialist, and Founder -of Nurture Health Solutions, said, “We recommend people to use Rice Bran Oil, as it is Made in India and ideally suited to our Indian palate. The National Institution of Nutrition (NIN), ICMR, WHO, and several heart organizations have regularly promoted the use of Rice Bran Oil. In clinical practice, we are witnessing a lot of young people suffering from diabetes and heart diseases. We are constantly copying Western countries and are not focusing on our own products like Rice bran oil, which offers immense health benefits and is ideal for Indian household daily usage. We recommend people to lead an active lifestyle and eat food cooked in rice bran oil to lead a healthy life.”

Adding to this Mr. P. Chandra Shekhara Reddy, Sr. Vice President, Sales & Marketing – Freedom Rice Bran Oil said, “According to experts, physically refined rice bran oil contains over 10,000+ parts per million (PPM) of Oryzanol. Oryzanol helps to reduce the absorption of cholesterol in the body by blocking the absorption of dietary cholesterol in the intestines. This helps to lower bad cholesterol levels and maintain good cholesterol levels in the body, which is essential for maintaining heart health. Also, tocopherol in rice bran oil is important because it can help to increase the oil’s antioxidant properties, making it even more beneficial for human health. Freedom Rice Bran Oil is also stable at high temperatures and has a neutral taste, making it the best choice for Traditional Indian Cooking. Rice bran oil is healthy oil suitable for the Indian household’s daily cooking needs. Therefore, we urge people to #Switch to Freedom for a healthy life.”

In conclusion, rice bran oil is an important cooking oil option for Indian families due to its high nutritional value and health benefits. Its antioxidant properties, unique fatty acid profile, and rich vitamin and mineral content make it a healthy choice for cooking. In India, where heart disease and diabetes are prevalent, switching to rice bran oil can be particularly beneficial. The high levels of antioxidants, healthy fats, and vitamin E in rice bran oil make it a great choice for reducing the risk of heart disease and other chronic ailments.

16th, May 2023  India’s leading stock exchange, National Stock Exchange (NSE), post receipt of approval from the Securities & Exchange Board of India (SEBI), has launched the rupee-denominated NYMEX WTI Crude Oil and Natural Gas futures contracts in its Commodity derivatives segment, on May 15, 2023.

Earlier, NSE had signed a data licensing agreement with CME Group allowing NSE to list, trade and settle rupee-denominated NYMEX WTI Crude Oil and Natural Gas derivatives contracts on its platform. The addition of these contracts has expanded NSE’s product offering in the Energy basket as well as its overall commodity segment. The launch of these contracts will provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said: “It gives us immense pleasure to inform the market participants that NSE has launched the NYMEX WTI Crude Oil and Natural Gas futures contracts today. NSE has been the trusted exchange of market participants for close to three decades, due to its robust technology platform with high levels of safety and resilience for trading. With NCL providing settlement guarantee and ease of collateral fungibility across all NSE market segments, we hope that these two contracts will provide market participants with an efficient avenue to hedge their price risk and meet their trading objectives.”

New Delhi, 16th, May 2023Eighty-three members of the Internet and Mobile Association of India (IAMAI) would be contesting the election to the 24-member IAMAI Governing Council. The nominees of the top three firms, in terms of votes received in this election, would become the Chairperson, Vice Chairperson and Treasurer of the association, and form its Executive Council. Elections are conducted every two years at IAMAI and the terms of both the Governing Council and the Executive Council are two years. The results of the election will be declared at the end of May 2023, and the new Governing Council will take over after the Annual General Meeting in June 2023.

All 500-plus members of IAMAI, with the exception of a few companies which are less than two years old, are eligible to contest as well as vote in the elections.

IAMAI has a composite membership of large global and Indian companies as well as smaller global and Indian companies. At present 65% of the membership of IAMAI is comprised of Indian companies.

Commenting on the election process, IAMAI president Dr. Subho Ray said, “IAMAI has a very transparent and regular process of elections to the extent that we do not allow solicitation and post-election if any member has any concern the results can be duly audited.”

15th  May 2023: Purva Land, the plotted development brand of one of India’s most trusted real estate developers, Puravankara Limited, has launched its latest plotted development project, Purva Raagam, in Thirumazhisai, Chennai. Thirumazhisai is the birthplace of Thirumalisai Alvar, one of the 12 Vaishnavite poet-saints of the Bhakti era whose work is compiled as Divya Prabandham. Divya Prabandham is a collection of 4,000 Tamil verses. In Tamil, “hisai” translates to music, and Purva Raagam will beautifully capture the essence of Thirumazhisai’s long-standing connection to music.

Located at the epicentre of culture and economic prosperity in Tamil Nadu, this uniquely themed development offers spacious and open residential plots. The project has been developed, keeping music as its central theme. Purva Raagam puts forth a musical theme in its development spread across 33 acres of project area, the clubhouse, and more than 15 lifestyle amenities.

Purva Raagam would provide residents luxury and comfort, keeping music at the core of the experience. Located at a distance of 15 minutes from Poonamallee junction, this project is built to offer plots ranging from 431 sq. ft. to a grand 3,359 sq. ft. with abundant common open spaces.

Abhishek Kapoor Chief Executive Officer at Puravankara Limited, said, “We are excited to announce the launch of our newest project Purva Raagam, an ode to the city’s musical heritage. The project is a first-of-its-kind development that promises to enthral residents with its unique theme. The project is also located just 10 minutes from an upcoming metro station. It has several educational institutions like the Chennai Public School, engineering, and medical colleges, making it an amiable location for residents across the spectrum. We believe this unique plotted development, located close to an industrial growth corridor, will blend in and strengthen the cultural milieu of Thirumazhisai. At Purva Land, we are committed to providing the best-in-class residential experiences, and this project will serve as a flagship for those values.”

New Delhi, 16th, May 2023:Patel Engineering Limited (NSE – PATELENG & BSE – 531120), one of the pioneers in integrated infrastructure and construction services in Indiahas announced its financial results for the quarter and year ended March 31, 2023.
Key Financials at a Glance:

                                                                                   Rs. In million

*not annualized

Rupen Patel, Chairman & Managing Director, Patel Engineering Limited said,“This year has been exciting with new projects coming onboard and taking our orderbook to an all-time high beyond Rs. 2,00,000 Mn. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment. I also like to thank all stakeholders for their trust in us on our recent successful Rights Issue. Moving forward we remain committed to achieving exponential developments in the infrastructure segment of the country contributing to the overall economic development.”

Commenting on the result, Ms. Kavita Shirvaikar, Director & CFO said, “I am extremely pleased to share the outstanding Q4 & FY 23 results we have achieved. The quarter has been incredible with the winning of water tunnel and irrigation projects in Maharashtra, Karnataka, and Madhya Pradesh. With such a steady stream of orders, we believe our revenue will increase significantly. Also,we continue with our efforts to monetize non-core assets and have reduced debt by more than Rs. 5,000 million in FY23 and we expect to continue further reduction in overall debt going forward.”

New Delhi, 16th  May 2023: Commemorating International Climate Day today, The Asian Venture Philanthropy Network (AVPN) – Asia’s largest network of social investors – has launched two new climate impact videos featuring members Axis Bank Foundation and ATE Chandra Foundation. The videos have been launched as part of AVPN’s Climate Impact Leaders video series, an initiative of AVPN’s Climate Action Platform 2.0. The Climate Action Platform aims to drive Asian leadership in the global climate agenda, channel more resources into climate action, and accelerate the global transition to a resilient, sustainable, positive future for all.

The next set of Climate Impact Leader videos shares insights into climate best practices from Dhruvi Shah, CEO, Axis Bank Foundation and Gayatri Nair Lobo, ATE Chandra Foundation in generating positive climate impact.

In the third video, Gayatri shares how ATE Chandra Foundation is scaling climate-positive solutions with tremendous support from Governments and local communities. These long-term solutions are being worked on at the intersection of climate and livelihoods, with a focus on farmers. She shares a rare insight into the challenges that the Foundation faced while deploying these solutions, especially when it came to the water rejuvenation system that they had created to tackle the water crisis in Rajasthan – and how they started inculcating farmers’ feedback in developing unique conservation models and systems.

In the fourth video, Dhruvi sheds light on the inception of Axis Bank Foundation’s Sustainable Livelihoods Programme, which since 2010 has been supporting rural families especially those who are small and marginal farmers, to enhance their income. She urges climate actors to be present, open, and listening to partners on-ground, while also negotiating for better outcomes for the community. She ends the video by requesting a call for collaborative action, where she states that networks like AVPN provide an opportunity for organisations and people to come together to have the hard talk and walk the hard talk.

On the occasion of International Climate Day and the launch of the videos for the Climate Impact Leaders series, Naina Subberwal Batra, CEO, AVPN said, “We are proud to capture the journey of India’s changemakers who have embraced the fight against climate change and integrated positive climate action into their business models. What we can all learn from them are exemplary models of tackling climate change with an intersectional lens – as climate change is disproportionately impacting areas spanning from healthcare to poverty alleviation. We hope by sharing these stories and various programme outcomes, we will be able to urge organisations to integrate a climate lens across their business models”.

The first two videos launched as part of the series last month on Earth Day featured the inspiring work of two foundations – Raintree Foundation and Rainmatter Foundation. Over the next few months, AVPN will launch their last set of videos as part of the series, in hope of influencing greater participation of philanthropy in India’s climate landscape.

May 16th, 2023: Coca-Cola India and Zepto announced the expansion of their successful, first-of-its-kind collaboration in India to reinforce their commitment to plastic circularity. The ‘Return and Recycle’ initiative was launched in November 2022 as a pilot project in select locations of Mumbai. The unique initiative established an organized process of collecting PET bottles with 100% traceability, to ensure effective plastic waste management. It received an overwhelming response from consumers with over 100kgs of PET bottles collected and recycled as a part of the 60-day pilot.

Zepto and Coca-Cola’s collaboration is driving the digitization of their collection strategy by leveraging e-commerce platforms. This move towards digitization not only makes the process more efficient but also raises consumer awareness about sustainable collection models, making them a key stakeholder in the journey towards sustainability.

The initiative will now be scaled with collection bins deployed across hundreds of Zepto delivery hubs in Delhi NCR, Mumbai, Bangalore, Hyderabad, Chennai, Pune, and Kolkata.

Commenting on the expansion of the initiative, Abhishek Gupta, Chief Customer Officer Coca-Cola India and Southwest Asia, said, “The success of Coca-Cola’s partnership with Zepto has been characterized by strong synergies in sustainability and social responsibility. We are delighted to extend the partnership to other cities, continuing our efforts towards plastic circularity. With the ‘return and recycle’ initiative across India, we are furthering the company’s global goal of creating a world without waste.” 

Coca-Cola India’s partnership with Zepto intends to create a circular economy for plastic by connecting all participants in the PET recycling value chain. Leveraging the Zepto two-wheeler distribution network, the “self-sustainable initiative” seeks to ‘collect’ empty PET bottles of any brand from consumers, which then goes to the recycler as a raw material The initiative also demonstrates Coca-Cola’s commitment towards the Government of India’s Swachh Bharat Mission which promotes recycling as one of its core principles. It further aims to encourage its consumers to recycle PET by raising awareness on the importance of recycling and its positive impact on the environment.

Vinay Dhanani, Chief Operations Officer at Zepto, said, “This collaboration has been an exciting opportunity to demonstrate the potential of new-age e-commerce beyond business. We are proud to have built an agile and efficient last-mile network that seamlessly extends itself to innovative initiatives like this. Our aim is to constantly innovate and embed sustainable practices in all areas of operations at Zepto. Be it route optimization, EV or bicycle-led deliveries, sustainable packaging, or reducing waste, we are committed to reducing our footprint and sharing our vision with brands and the Government of India.” 

Coca-Cola India and Zepto’s ‘Return and Recycle’ initiative aims to promote and build lasting sustainable behaviour and reduce the environmental impact of plastic waste through shared purpose. This programme further serves as a testimony of how joint brand collaborations can help in creating a culture of sustainability and responsible consumption.

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