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As the Founder & CEO of PaySprint Private Limited, with a deep-rooted commitment to driving innovation and fostering financial inclusion, my expectations for the India Budget 2024 revolve around key measures that can propel the fintech sector forward. With over two decades of experience as a Senior Techno-Functional professional, I bring a unique perspective, anticipating policies that can support the industry’s growth and impact.

Now, as we brace ourselves for the upcoming elections, the Union Finance Minister is consciously driven to present the Union budget 2024-25, with it being a prerequisite to anticipated financial planning and fueling economic growth.

SMEs play a crucial role in the Indian Economy and are considered the driving force behind socio-economic development in India. Currently, there are more than 90 million SMEs in India, which have generated over 110 million job opportunities and contribute more than 30% to India’s GDP, as stated by Niti Ayog.

However, Despite making progress and advancing toward financial inclusion, SMEs’ potential is yet to be chased optimally. For instance, in many cases, SMEs are not bankable, due to lengthy/ complex paperwork, lower capitalization, longer duration to get credit & no-online modes for tracking of loan applications. Making these challenges one’s superpower, Business Banking solutions by SMEs should be made more accessible and convenient, by integrating services under one unified platform, making it a one-stop shop offering financial services or non-financial services, encompassing insurance, payment of taxes, utility bills, and e-ticketing.

With it being a catalyst, SMEs have found themselves non-bankable due to no credit rating as well as disturbed cash flows. The issues mainly breed around low technology innovation, inadequate product as well as less security or no collateral. To its rescue, there should be solutions such as customer innovation or reduced complexities.

By addressing these challenges and providing comprehensive business banking solutions, SMEs can unlock their full potential and contribute even more significantly to the Indian economy.

I anticipate that Contextual finance should be at the forefront, providing personalised experiences to customers’ businesses on a larger scale. Additionally, this approach would allow these platforms to use data to improve financial access and reduce costs. It is by introducing banking solutions in a way that would streamline SME operations with utmost efficiency. It is the introduction of such steps, which can propel this sector forward and help SMEs move away from the tag of underserved.

Picture this, remote account openings for businesses, effortlessly user-friendly digital banking experiences, seamless integrations that connect all aspects of our financial lives, and bespoke financial solutions tailored to meet requirements of each business.

As per the budget of 2024, we look forward to a push to opening of Current Account for SME and thereby, leading to tech solution/platform of Account Aggregator of Current Account’s along with all transactions in a single platform, thereby contributing to a better user experience, effective fund management and the ability to attract capital/funds.

Continuing the discussion related to business banking, we anticipate a breakthrough in technology, with the government introducing provisions to support SMEs in supporting the adoption of real-time banking with quick payments.

In light of this, it is envisaged that staying ahead in technology and being backed by supportive policies is not only a requirement but the need of the hour.

Additionally, the banking landscape must undergo development, with proposed investments for SMEs regarding payments, digital reforms, and small-finance banks, as underpinned by many. Also, Awareness was found lacking about government programs, implemented through banks for the development of the SME sector. Therefore, we expect intervention in this regard from the Government.

As we approach the unveiling of the budget on the 1st of February, the fintech community looks forward to policy initiatives that align with these expectations. A budget that recognizes fintech’s pivotal role in shaping financial services’ future and provides the necessary support will undoubtedly contribute to India’s more inclusive, technologically advanced, and thriving fintech ecosystem.

· Jubilant Pharma Limited, Singapore (‘JPL’), a wholly owned subsidiary, in Nov’2020 invested USD 25 Million in Sofie Biosciences Inc., USA (‘Sofie’) and currently holds 25.8% stake.

· Sofie is engaged in developing and delivering molecular diagnostics and therapeutics (theranostics). It has radiopharmaceutical production and distribution network, mature contract manufacturing services, and high-value theranostic intellectual property.

· Sofie has now entered into a definitive merger agreement with certain private equity funds managed by [Trilantic Capital Partners, North America (‘Trilantic North America’)], a US private equity firm. The merger transaction is expected to close by 30th June 2024, subject to customary conditions and regulatory approvals.

· Consequently, JPL plans to sell its entire 25.8% equity stake in Sofie for aggregate proceeds of about USD 139.43 Million, including certain preferred returns. Of this, USD 113.63 Million (subject to certain customary adjustments at closing) is expected to be received upon completion of the merger while receipt of balance sum of USD 25.8 Million is contingent upon achievement of certain future milestones. JPL plans to use these proceeds to reduce leverage and for capex and other corporate purposes.

New Delhi, January 2024 – Novotel New Delhi Aerocity, is poised to underscore its dedication to sustainability with the introduction of an Electric Vehicle (EV) charging station in collaboration with Charge Zone. This strategic step aligns with the hotel’s broader vision of incorporating eco-friendly practices into its operations, further solidifying its position as a frontrunner in sustainable hospitality.

 Conveniently situated near the porch, the EV charging station at Novotel New Delhi Aerocity offers guests an accessible and efficient way to charge their electric vehicles while enjoying various amenities. This service is available to guests staying at both Novotel and Pullman, reinforcing the hotel’s dedication to providing sustainable solutions. Demonstrating a long-standing pledge to environmental responsibility, the establishment
has implemented various eco-friendly initiatives on its premises.

 Within its array of sustainable initiatives, the property boasts a 5500 sq ft herb garden dedicated to organic farming, an operational glass bottling plant that further reinforces the establishment’s sustainable practices. This commitment extends to the reduction of single-use plastics in the hotel, aligning with brand-wide initiatives to eliminate single-use plastic by 2050. Significantly, the hotel has substituted in-room amenities, plastic straws,
and stirrers with sustainable alternatives. The incorporation of Fairtrade-certified and labelled products, like Kimirica and Oriental Lotus amenities, emphasises the establishment’s pledge to ethical and environmentally responsible practices.

 “We are happy to announce the launch of the EV charging station at Novotel New Delhi Aerocity. It not only symbolises our dedication but also provides a practical solution for our discerning guests who increasingly prioritise eco-friendly options,” expressed Mr. Vineet Mishra, Cluster General Manager, Pullman & Novotel New Delhi Aerocity.

 Novotel New Delhi Aerocity seamlessly integrates environmental consciousness with unparalleled comfort. The EV charging station’s launch is a pivotal step in the hotel’s journey towards a greener future, setting new standards in responsible hospitality.

Bengaluru (India), January 31th, 2024: In a significant development, HirePro, an AI-powered recruitment automation firm, has announced a profound brand promise, centred around the theme of ‘Fearless Hiring’. By delivering Fearless Hiring, HirePro aims to redefine the landscape of talent acquisition, ensuring operational efficiency and instilling a profound sense of confidence and fearlessness in the hiring decisions of recruiters. The brand promise is built on the pillars of AI-powered cutting-edge technology, profound expertise, and impeccable service.

With a history of making hiring processes frictionless, the company takes a bold step forward with a commitment to Fearless Hiring, promising both functional and emotional benefits to its clients. The strategic repositioning establishes how HirePro converts the stress of recruiting large numbers into the joy of hiring and makes the unpredictable world of hiring predictable. The company aims to leverage the power of new-age innovation and next-gen intelligence alongside two decades of transformative recruitment experience to unleash a brave new era of high-volume hiring. Its AI-powered platform expedites various aspects of the hiring process, emphasizing automation to streamline sourcing, screening, assessments, interviews, and onboarding.

Following the announcement, Mr. S Pasupathi, Chief Operating Officer, HirePro elaborated, “A year ago, amid post-pandemic uncertainties, I sat across from a Fortune 500 Talent Acquisition Head grappling with the stress of a substantial hiring mandate. As our conversation unfolded against this looming backdrop of uncertainties and challenges, revealing HirePro’s offerings and track record, relief and optimism replaced his initial anxiety.

This scenario wasn’t unique; leaders often oscillate between excitement and fear in challenging times. The realisation dawned that, to take on challenges, one needs more than technology – a partner to inspire belief, instil confidence, and embody fearlessness to pursue any and every audacious goal. This sparked ‘Fearless Hiring,’ a commitment to be unyielding in the pursuit of the best talent, powered by cutting-edge technology, deep expertise, and impeccable service to unlock the joy of achievement for our clientele.”

Through this repositioning, HirePro is set to redefine the hiring landscape with advanced AI-powered innovative solutions and tailored service. It includes a website overhaul and logo updates designed to enhance the user experience. These visual changes are in line with the theme of Fearless Hiring, ensuring an immaculate experience for customers.

This strategic repositioning is a pivotal moment in HirePro’s journey, symbolising a continued commitment to revolutionising the recruitment industry. It aims to not only alleviate the stress associated with large-scale hiring but also foster streamlined hiring processes and costs, and sustainable growth for businesses.

New Delhi 31st January 2024 – Mrs. Namrata Singh, emerges victorious as the Golden Face of South India 2024, amidst a dazzling evening celebrating beauty, talent, and a noble cause. The prestigious Golden Face of South India 2024 event, held recently, marked not only a celebration of beauty but also a profound commitment to a noble cause – raising awareness about skin donation for acid attack victims. The event was orchestrated through the collaborative efforts of visionaries Gopinath Ravi and Saravanan from Wyndow Entertainment, alongside Hemanth, the Founder & CEO of ACTC Studio.

Distinguished chief guests Amy Jackson and Shreya Saran graced the event. Also, the event was graced by AL Vijay, the director and chairman of Wyndow Entertainments along with Paravati Nayar, the brand ambassador of Wyndow Entertainments.

The event drew over 1000 registrations from Tamil Nadu, Karnataka, Telangana, and Kerala. Beyond its glitz and glamour, GFSI stands out as a noteworthy event with a commendable mission of aiding acid attack victims.

Mrs. Namrata Singh, who is also a diet counselor with her elegance and charisma, stood out among the talented participants, reflecting the essence of the pageant’s vision. Her journey, marked by dedication and passion, underscores her commitment not only to the world of beauty but also to the advocacy for social causes.

Expressing her gratitude, Mrs. Namrata Singh shared, “I am deeply honored and humbled to be bestowed with the prestigious title of Golden Face of South India 2024. Participating in events like these is not just about showcasing outer beauty but also about contributing to noble causes that impact lives positively.”

GFSI, introduced by Wyndow Entertainments, serves as a platform to unearth and celebrate budding talent while championing meaningful causes that resonate with societal welfare. The evening was a vibrant tapestry of talent, glamour, and advocacy, symbolizing the spirit of inclusivity and empowerment.

Through initiatives like GFSI, the beauty pageant fraternity continues to redefine beauty standards, fostering a culture of acceptance and compassion.

As Mrs. Namrata Singh embarks on this remarkable journey as the Golden Face of South India 2024, her presence promises to inspire generations, resonating with the values of beauty with purpose and compassion.

New Delhi, 30 January 2024: PNB MetLife, one of India’s leading life insurers, has launched 10 new branches across India. This strategic expansion reflects the company’s continuing commitment to enhance customer service for its growing clientele.

With a network of 149 branches, PNB MetLife is able to offer customer-centric products and solutions customers across the country. The convenient and seamless access to the full spectrum of services at its branches ensure an enhanced and personalized experience for all customers.

The 10 new branches are set across India in key markets for PNB MetLife: New Delhi, Ujjain, Ayodhya, Betul, Bhadrak, Ongole, Kota, Perinthalmanna, Kanpur and Bhubaneshwar.

Commenting on the launch, Sameer Bansal, Chief Distribution Officer, PNB MetLife said:

“Opening 10 new branches in key cities across India is a pivotal milestone for PNB MetLife and marks a continuing investment in delivering services to our customers, wherever they reside. This expansion, complemented by our extensive network of banca partner branches, brings our total access points across to over 18,000 in the country.”

He additionally pointed out “Supplementing our physical presence in the country are our digital tools and our active outreach to remote areas, which means that customers can file claims, check on their policies, and do much more. We are proud to fully embrace “phygital” in delivering the type of interaction our customers want and need, wherever and however they choose.”

The launch of these new branches is in line with PNB MetLife’s strategy to better serve the needs of the evolving customer base across the country by giving them the choice and ease to be connected with the organization.

The Country’s largest power generator – NTPC Ltd., with a present group installed capacity of almost 74 GW, declared unaudited financial results for third Quarter and Nine Months ending 31 December 2023.

NTPC Group generated 315 Billion Units in 9M FY24 as compared to 295 Billion Units in 9MFY23. NTPC’s standalone gross generation in 9MFY24 is 268 Billion Units as compared to 255 Billion Units in the corresponding previous period.

NTPC Coal stations achieved a Plant Load Factor of 76.40% as against the National Average of 68.51 % during 9M FY24.

On standalone basis, the Total Income of NTPC for 9M FY24 is ₹ 1,21,486 crore as against the corresponding previous period total income of ₹ 1,24,685 crore. Profit After Tax (PAT) for 9MFY24 is ₹ 12,523 crore as against ₹ 11,524 crore in the corresponding previous period, registering an increase of 8.67%.

On consolidated basis, the Total Income of the group for 9M FY24 is ₹ 1,32,349 crore as against the corresponding previous period total income of ₹ 1,33,231 crore. Profit After Tax (PAT) of the group for 9MFY24 is ₹ 14,842 crore as against ₹ 12,250 crore in the corresponding previous period, registering an increase of 21.16%.

The Board of Directors has approved Second interim dividend for FY24 @ 22.5% of paid-up share capital i.e. ₹2.25 per equity share of face value of ₹10/- each.

Hyderabad, 30th January 2024: Swarg Vatika which redefined final resting places with green initiatives a decade ago, dedicated a mortuary capable of storing up to 4 bodies, to address the growing needs of the community for extended body storage during unavoidable circumstances. The facility was formally inaugurated by Lt. General Shri JS Sidana, Commandant, MCEME; at Swarg Vatika today.

Swarg Vatika, a pioneering collaboration between the Telangana Government and Swarg Vatika Trust, has transformed the concept of final resting places with its commitment to love, compassion, and reverence towards departed souls. The eco-friendly cremation ground, strategically located in RTC Colony, Trimulgherry, is designed to provide solace to bereaved families while embracing environmentally conscious practices.

Founder Trustee & President Surender Pal Singh of Swarg Vatika reveals upcoming initiatives, including the construction of three more manual pyres, one of which will be larger, akin to the existing one at Maha-prasthanam. Additionally, plans are underway to launch an Any-Time Clinic (ATC) offering cost-effective health tests like ECG, blood tests, urine tests, CBC, HBA1C, and Chest X-rays, charging only 10-20% of the market price.

The total cost of setting up the mortuary, around 20 lakhs, has been covered by generous donations from Trustee Shri Ram Goyal for equipment and civil construction, Trustee Shri J C Jodhani for generator backup, and Trustee Jayant Jain for CCTV.

Conceived with the primary goal of Going Green and being Eco-Friendly, Swarg Vatika, the green haven incorporates eco-friendly procedures, practices, cleanliness, ample parking space and adherence to spiritual Vedic practices has solidified Swarg Vatika’s reputation as a steward of environmentally conscious final rites.

Swarg Vatika achieved an environmental milestone by adopting Gokashta (Lakadi made from Gomay—Gobar of desi breed cow/bull) for cremation. This eco-friendly method utilizes Gobar logs with superior burning capacity compared to traditional wood, offering a cost-effective solution that supports cattle feed and benefits up to 40 Gomash in a day.

Some the recent innovations at Swarg Vatika has introduced recent innovations, including modern LPG and gasified furnaces, and a cast iron steel structure for natural piers, resulting in a 25% reduction in wood usage and reinforcing its eco-friendly commitment. The facility has operationalized two new AC hearse vans and offers body freezer boxes, along with lockers for preserving ashes for up to 1 month. Notably, it has transitioned to 100% Green practices by embracing Gokashta for cremation.

Swarg Vatika collaborates with LV Prasad Eye Hospital for eye donation, offering free cremation for donors. The facility also provides free cremation for unclaimed bodies and extends a 50% discount to BPL families. Pooja halls are available for last rites ceremonies.

Hanle, Ladakh, January 30, 2024: In the heart of Ladakh’s challenging winters, the “Lamas of Light” initiative celebrated a significant milestone with the successful launch of its first phase at Hanle Monastery School on January 22, 2024. Spearheaded by the Headlight Foundation, this initiative endeavors to bring warmth, education, and hope to the resilient students of Hanle Monastery School.

The Chief Guest for the event, Shri Ishey Spalzang, Hon’ble Councillor, Nyoma, graced the occasion, highlighting the collaborative effort dedicated to the betterment of Hanle’s educational landscape.

Message from Headlight Foundation Founders:

“As founders of the Headlight Foundation, our mission has always been rooted in creating a lasting impact in remote regions. The Lamas of Light initiative reflects our vision to empower young minds in Hanle, providing them with the tools for a brighter future. We believe education is a transformative force, and with the support of our partners and well-wishers, we aspire to make a meaningful change in the lives of these students,” shared Rajendra Prasad & Manish Bhaskar, Co-Founders of Headlight Foundation & Royal Bikers who had accomplished some more similar initiatives in the region.

Empowering Lives in Phases:

The first phase of the Lamas of Light initiative focuses on installing room heaters, ensuring a comfortable learning environment even during the harshest weather conditions. This transformative step aims to address the challenges posed by extreme weather, enabling students to pursue education without disruption.

Impact Beyond Warmth:

The Lamas of Light initiative aims to transcend the immediate provision of warmth. It envisions creating an atmosphere where education thrives, resources are abundant, and the future becomes brighter for the resilient students of Hanle. The first phase lays the foundation for subsequent phases, where additional deliverables, including electronic and computer equipment, a full-time teacher, and school infrastructure enhancements, are planned.

Gratitude to Supporters:

The successful launch of the first phase wouldn’t have been possible without the unwavering support from all quarters. The Headlight Foundation expresses heartfelt gratitude to Hanle Monastery Management, residents of Hanle village and all individuals who had come forward & contributed, whose belief in the initiative has set the stage for positive change in Hanle.

Looking Ahead:

As we celebrate this milestone, the journey continues. The Lamas of Light initiative invites individuals, communities, and organizations to join hands for subsequent phases. While the first phase brings warmth, subsequent phases promise to enhance educational resources, infrastructure, and overall opportunities for the students in Hanle.

For further information or to express your interest in supporting the ongoing initiative, please find details on the foundation’s website- www.headlightfoundation.org/initiatives

Raichur, 30 January 2024: Toyota Kirloskar Motor (TKM) today held the annual event of the ABCD (A Behavioural Change Demonstration) sanitation and hygiene awareness program in Raichur, that was launched earlier in August 2023, since then, the program has made significant and strong progress. This event, saw the enthusiastic participation of school children and teachers of 100 participating government schools demonstrating strong engagement and contribution towards the advancement of the  sanitation program in Raichur district.

The event was graced by Shri Shashikant Shivapure Deputy Secretary Zilla Panchayat, Shri. Venkob Rao In charge of Block Education Officer Raichur, along with Mr R Roshan, General Manager, EA State, CSR & BIA, TKM

The event witnessed various impactful activities aimed at promoting hygiene practices among school children like puppet shows, quiz and drawing competitions, experience sharing by students and teachers, fostering a platform to gain knowledge and motivate children to overcome taboos and adopt good sanitation, hygiene practices and spreading awareness amongst the society through child-to-community approach.

As the world’s most populous country, India is grappling with a pressing demand for enhanced sanitation facilities, prompting the initiation of government-led programs like “Swachh Bharat Abhiyan.” The inception of TKM’s ABCD Program dates to 2015, and its successful implementation across 1004 government schools in Ramanagara District, have had a positive impact on more than 58,000 students. Considering the transformational outcome of this program on society, this initiative was published in the Harvard Business Review and is a part of the collection of case studies at the prestigious Harvard Business School. Besides the program stands as a notable accomplishment in empowering students, encouraging behavioural shifts towards enhanced hygiene and sanitation, and nurturing ambassadors within their schools and communities, this program has been expanded to Raichur district from August ’2023.

Speaking on the occasion, Shri. Chandrashekhar Nayaka L, Deputy Commissioner, Raichur said, “Today’s event marks a significant milestone in our collective journey towards a cleaner and healthier Raichur. We are delighted to witness the continued success and progress of Toyota Kirloskar Motor’s ABCD sanitation program, which continues to be a proven catalyst for positive transformation and improved well-being for all. It is heartening to see enthusiastic participation of our young minds embracing their roles as ambassadors of change within their schools and communities. We appreciate TKM’s dedication to social responsibility and believe that such initiatives not only contribute to the immediate well-being of our community but also lay the foundation for a sustainable and healthier future. We look forward to continued collaboration for the betterment of Raichur and its residents.”

Speaking on the occasion, Mr. Vikram Gulati, Country Head and Executive Vice President, Corporate Affairs & Governance, Toyota Kirloskar Motor, said, “We are elated to have conducted the annual event of the ABCD program with a series of impactful activities for school children at Raichur. This event exemplifies Toyota Kirloskar Motor’s unwavering dedication to corporate social responsibility and community development. The profound impact of the ABCD sanitation program on the community, coupled with its effectiveness in empowering students and catalysing a mindset change, has truly been inspiring. We are deeply honoured by the widespread recognition and appreciation received from key stakeholders, including the community and the Government. Our collaboration with the education department, local authorities, and stakeholders remains resolute, aiming to create a lasting transformational impact in the Raichur district, fostering positive change and improved well-being for all. Through this initiative, our goal is to initiate a significant behavioural shift towards better sanitation practices, not only within schools but also in homes and communities.”

In Raichur, the ABCD Program is planned to cover over 1600 schools in phased manner over benefitting over 2,50,000 students. In the first phase is currently underway covering 100 Government schools and approximately 26,700+ students, while the remaining schools will be covered in the subsequent phases.

TKM is committed to making a meaningful difference in the lives of people through its community development initiatives. The ABCD sanitation program is a testament to the company’s commitment to creating a healthier and more sustainable future for the community and the country.

Overview of TKM

Overview of TKM 1st Plant:

Overview of TKM 2nd Plant: