Zero Brokerage and Beyond: Exploring the Future of Online Trading

The landscape of online trading has undergone a significant transformation over the years, and one of the most disruptive innovations has been the emergence of discount brokers and zero brokerage platforms. These platforms have redefined the way investors and traders participate in the financial markets, bringing down costs and expanding access like never before. In this article, we will delve into the concepts of discount and zero brokerage, and take a closer look at some prominent players in the field, including Shoonya by Finvasia, Zerodha, Groww, Angel One, and Upstox.

The Evolution of Zero Brokerage Platforms and Discount Brokers

Traditional brokerage firms have historically charged commissions or fees on trades, which could significantly eat into the profits of traders and investors. Discount and Zero brokerage platforms emerged as a response to this challenge, aiming to democratize trading by eliminating these fees altogether. Presenting another form of low-coast trading, discount brokers charge a flat or fixed fee per trade, usually regardless of the size or value of the trade. Following are some prominent zero/discount brokerage platforms in India:

  • · Shoonya by Finvasia: A notable example in the zero brokerage space, Shoonya by Finvasia offers zero-brokerage trading on stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds and ETFs across NSE, BSE, MCX and NCDEX. This innovative approach has garnered attention, particularly from active traders, allowing them to execute trades without the burden of traditional brokerage costs. Shoonya by Finvasia also has a dedicated portal for mutual fund investing called SMART (Simplified Mutual Fund Analyzer for Research and Trading), that allows investors to access direct mutual funds across categories such as equity, debt, hybrid, liquid, tax saving, balanced, etc., without paying any commissions or fees.
  • · Zerodha: Zerodha is a leading name in the online trading space. Its disruptive approach to trading introduced flat fees for intraday and delivery trades, making it a discount broker. Despite not being a pure play zero brokerage player, the platform nevertheless is shattering the traditional brokerage model. Zerodha’s success has inspired several other players to enter the discount brokerage arena.
  • · Groww: Groww initially gained popularity as a mutual fund investment platform. However, it gradually expanded its services to include stock trading as a discount broker. This move attracted a large user base, particularly among newcomers to the stock market who value the simplicity and cost-effectiveness of discount brokerage.
  • · Angel One: Angel Broking’s Angel One platform offers zero brokerage services on equity delivery trades, and charges a flat fee of Rs. 20 per trade for other segments. The platform provides a user-friendly interface and a range of trading and investment options. Angel One’s discount brokerage approach has positioned it as a strong contender in the online trading industry.
  • · Upstox: As a discount broker, Upstox has gained a substantial user base with its business model. The platform offers a suite of trading tools and technologies to empower traders and investors. Upstox’s commitment to low-cost trading has contributed to its rapid growth.

Why Discount/Zero Brokerage?

Zero brokerage platforms offer some significant advantages to traders in online trading space, irrespective of their expertise:

  • · Cost Advantage: According to a study by Finology, traders who switch to zero brokerage platforms can save anywhere from 50% to 95% on trading costs compared to traditional brokerage firms. This significant reduction in costs has played a pivotal role in attracting a diverse range of investors, from beginners to seasoned traders.
  • · User Engagement: The user engagement with discount brokers and zero brokerage platforms has been impressive. Zerodha, for instance, has surpassed over 5 million active traders as of 2021. The ease of access and lower costs have encouraged increased participation in the stock market.
  • · Millennial Preference: A survey conducted by Moneycontrol found that millennials show a strong preference for investing via digital platforms. This trend can be attributed to millennials’ affinity for technology, cost-consciousness, and willingness to explore new avenues for investment. By charging discounted or zero commission and fees on trades, combined with intuitive user interface, discount brokers and zero brokerage platforms make an attractive option for millennials.
  • · Expanding Market Access: Discount and zero brokerage platforms have led to the democratization of trading. A report by the Indian Brand Equity Foundation (IBEF) highlights that the rise of online trading, including zero brokerage platforms, has contributed to increased market participation from Tier 2 and Tier 3 cities, thus expanding the reach of the stock market.
  • · Tech-Driven Innovation: The success of discount brokers and zero brokerage platforms is intertwined with technological innovation. Shoonya by Finvasia, Zerodha, Upstox and other such investment partners provide advanced trading tools, real-time data, and intuitive interfaces that empower traders to make informed decisions.

The Road Ahead

While discount brokers and zero brokerage platforms have certainly disrupted the trading landscape, the future holds even more possibilities. Here are some potential directions for the future of online trading:

  • · Advanced Trading Algorithms: The integration of artificial intelligence and machine learning could enable platforms to offer advanced trading algorithms, personalized recommendations, and risk management strategies.
  • · Global Access: The rise of blockchain technology and tokenization could pave the way for seamless global trading, allowing investors to access markets around the world with ease.
  • · Educational Resources: New age trading platforms may increasingly focus on providing comprehensive educational resources to empower traders and investors with the knowledge they need to navigate the markets successfully.
  • · Social Trading: The convergence of social media and trading could lead to the emergence of platforms where users can follow successful traders, learn from their strategies, and even automatically replicate their trades.

Conclusion

Discount brokers and zero brokerage platforms have reshaped the world of online trading, making it more accessible and cost-effective for a wide range of participants. The success of platforms like Shoonya by Finvasia, Groww, Angel One, Zerodha, and Upstox underscores the demand for low-cost, tech-driven trading solutions. As technology continues to evolve, the future of online trading holds exciting prospects, from advanced algorithms to global market access, ultimately empowering traders and investors like never before.

Enclosed is the listicle for your reference, requesting you to please have a look and let me know if you can use the same over your esteemed platform.

MRG School Hosts Spectacular ‘Confluence 2023’ the Annual Interschool Festival, Fostering Unity and Talent

MRG School Hosts

MRG School orchestrated the dazzling ‘Confluence 2023’ interschool festival, witnessing the participation of more than 400 students from 23 distinguished schools of the region, where heights of talent and the spirit of teamwork came together. The event showcased an enchanting interplay of creativity, skills, and unity as students collaborated to create unforgettable memories.

Students had the opportunity to showcase their artistic skills, intellectual understanding, and sporting spirit through a plethora of events and activities, including role play, music performances, dance presentations, nukkad natak, Sanskrit karaoke, graffiti painting, short documentary/film shooting, etc. The festival resonated with moments that glistened with exceptional talent and fervour.

Ms. Ayushi Jain, Interschool Incharge, said, “We are really grateful for the remarkable zeal and participation exhibited by all the students in embracing the theme of “People, Planet, and Prosperity” during the CONFLUENCE this year. The enthusiasm displayed by the students not only created an electrifying atmosphere but also set an example for others to follow.”

Speaking about the event, Ms. Anshu Mital, Principal, MRG School, said, “We are thrilled to have witnessed the remarkable culmination of efforts and talents at the ‘Confluence’ interschool festival. This event provided a platform for students of different schools to showcase their abilities and fostered a sense of unity and collaboration among them. It’s heartwarming to witness young minds coming together with such enthusiasm and creative energy. We are grateful to all the schools who came together to be a part of this unforgettable event.”

The festival also threw a spotlight on the importance of unity and collaboration, transcending boundaries to create an atmosphere of collective growth and learning. Students’ active involvement went above and beyond in promoting awareness about the critical issues that revolve around the well-being of our people, the conservation of our planet, and the pursuit of prosperity for all. With ‘Confluence,’ MRG School continues its legacy of nurturing holistic development and providing a platform for young minds to flourish. The event was a celebration of talent, unity, and unforgettable memories.

PSB Alliance appoints Veefin Solutions Ltd. to deploy and operate Unified cloud-based Supply Chain Finance ecosystem

Mumbai, 2nd September 2023PSB Alliance, the entity setup by India’s 12 Public Sector Banks (PSBs), has appointed Veefin Solutions Ltd. to deploy and administer a Unified cloud-based Supply Chain Financing (SCF) ecosystem in the country. This is the first time in the world when so many large banks have come together to setup a SCF and SME finance ecosystem to provide SME customers with financing, sourced through various Fintechs and B2B marketplaces. This cloud-based platform will go live within this financial year.

This initiative of PSB Alliance is consistent with the Indian government’s efforts to encourage PSBs to build technology solutions to expedite the credit decisioning process, and loan disbursements to the MSME segment.

Veefin’s unified digital platform will standardize all interactions and enrich the credit requests with new-age data and analytics while connecting the lenders’ core banking systems with corporate and SME sourcing partners like Fintechs, B2B marketplaces, SME account service providers, e-invoicing players. The unified platform will enable PSBs and other lenders to get better access to SMEs, lower the cost of sourcing loans, and eliminate the need for capital investment and resources in establishing their own tech stacks and connecting with hundreds of parties. SMEs will get access to supply chain financing from PSBs, other banks, and NBFCs through this platform.

Veefin is a global pioneer in SCF solutions and the clear market leader in SCF deployments amongst the lenders in India. The technology player enjoys partnerships with some of the top global banks and financial institutions for its SCF platform.

Rajinder Mirakhur, CEO and Managing Director, PSB Alliance said, “With the unmet credit needs of MSMEs estimated to be INR 20-25 Tn, the time has come to unify and collaborate for the national cause of supporting one of the most crucial pillars of the Indian economy. This project, brings all the PSBs together as a cohesive force, powered by their combined balance sheet strength and resources, to reduce the cost of sourcing customers and expand their opportunity to provide access to credit. Veefin Solutions’ domain expertise in SCF aligns with PSB Alliance’s aim of providing the greatest technology platform for our partner institutions that is simple, unified, and expedites faster go-to-market.”

Raja Debnath

Raja Debnath, Managing Director of Veefin Solutions Ltd. said, “This opportunity to deploy a unified platform that will bring all PSB banks, private and small finance banks, and NBFCs together to provide liquidity to the ecosystem of B2B marketplaces and fintech players who are all attempting to provide financing to SMEs is unprecedented in its scale and aspirations. We commend the forward thinking that PSB Alliance has demonstrated in embarking on this nation building project. Veefin has been chosen to not only supply the technical solution, but also to manage this entire ecosystem. This partnership is an endorsement of the role that Veefin has been playing in developing the SCF ecosystem and platform in the country.”

Eric Anklesaria, Head of Strategy, PSB Alliance added, “This is the first time in the world that a program of this size and complexity is being undertaken. This unique unified, cloud-based platform will power all the PSBs to play to their strengths, which is providing capital at the scale that only the PSBs can deploy. There has been a long felt need within the PSBs to have such a platform that would ease the challenges of integrations with tens and hundreds of data providers and platforms. Maximum number of lenders including a few PSBs are already using Veefin. Their platform is a ready-to-use product that makes multiple integrations with fintechs and marketplaces a thing of the past for banks. We believe this will be a game-changer for the SCF business in the country.”

The products supported on the platform will have all SCF variations including Sales Invoice Discounting, Purchase Invoice Discounting, Factoring, Reverse Factoring, Dynamic Discounting, Distributor Financing, Inventory Financing,

Deep Tier Vendor Financing. In addition, all variants of MSME Loan Products including Term Loan, Overdraft, Loan against Property, other Collateral based loans, CGTMSE loans and Mudra loans will be offered through the platform.

PSB Alliance includes Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank, Punjab & Sind Bank, State Bank of India, UCO Bank and Union Bank.

Lexus India embarks on ‘Taste of Trails – an Indian Gastronomic Journey’

Lexus India

2nd September 2023, Mumbai: Driven by the philosophy of Omotenashi and a commitment to offer exclusive & luxurious experiences to its guests, Lexus India has introduced ‘Taste of Trails’ a new experiential program as part of Lexus Life and Taiken Card offering. The new program will create unforgettable gastronomic encounters for its discerning guests in India.

The program is being introduced with the one of its kind collaboration with Masque, India’s culinary gem, that has been on the top of many well-revered ‘World’s Best Restaurant’ lists since its introduction. Lexus’ involvement as the exclusive crafts and luxury mobility partner brings innovation, as well as an amazing experience to Lexus guests at Masque. Chef Daniel Humm of Eleven Madison Park and Chef Totlani of Masque will serve up a 10-course, plant-based menu that bridges each of their approaches to food, cooking and cuisine.

Creating food and elevating that into culinary art is fundamentally human and comprises an evolved level of craft. This thoughtful detail and craftsmanship are basic cultural pillars supporting the Lexus brand. This gastronomic experience is in line with the Lexus Taiken Card’s offerings. The Lexus Taiken Card was introduced to provide experiences to the world’s most sought-after events. It provides exclusive access* to the most amazing events and bespoke experiences. The card not only enhances the ownership experience but also creates a strong connection between customers and the brand, fostering a sense of loyalty and admiration for the exceptional quality and craftsmanship that Lexus represents. This service was created as a tribute to the guests who are genuine connoisseurs of experiences, whether it is an award show after party, a celebrity meet-and-greet, or a VIP box at a sporting event, among many others.

Commenting on the culinary partnership, Naveen Soni, President, Lexus India, said, We are extremely pleased to be Masque’s exclusive crafts and luxury mobility partner. As veteran Lexus owners know, driving a Lexus isn’t just a premium automotive experience—it’s an expression of a life well-lived. This collaboration is in alignment with Lexus’ core values of passion, dedication, and imagination. As with the exemplary hospitality that Masque honours, it attests to our brand values of innovation, craftsmanship, and authenticity, making this collaboration a perfect fit.”

 Aditi Dugar, Founder of Masque says, “We’re grateful to be able to work with the Eleven Madison Park team here in Mumbai, and to the team at Lexus India for being an integral support both to this collaboration and to the research and development that has gone into this season’s tasting menu. We share a passion for our respective crafts that makes this partnership a seamless one.”

 Situated in Mumbai, Masque restaurant was established in 2016 by Aditi Dugar and a pioneering concept under Chef Varun Totlani’s culinary guidance. Masque has earned global recognition by being a part of the top 100 restaurant lists. This exquisite restaurant uniquely blends tradition and innovation, driven by locally sourced ingredients from farmers, producers, and foraging trips. Its culinary ethos spotlights local elements and maximizes flavors from India’s rich produce.

Masque along with Eleven Madison Park, the New York restaurant that has built an unmatched legacy for itself, will deliver a one-of-a-kind dining experience with a 10-course meal. This gastronomical journey will be embarked upon by Chef Daniel Humm. Under his leadership, Eleven Madison Park has earned several accolades, including 4 stars from the New York Times and 3 stars from the Michelin Guide – the first and only plant-based restaurant in the Guide’s history to do so.

For the entirety of the year, Lexus guests can savour contradicting dishes like the Barbecued Sea Bass, fried Idiyappam and Shallot Chai to create an intriguing dish that has never been attempted before – ‘The Lexus Soiree’. While the Sea Bass Barbecued makes for a great summertime dish, the fried idiyappam calls for the traditional idiyappam maker and the Shallot Chai is a Middle-Eastern tea made with a special member of the onion family that has a milder, delicate flavour. These delectable dishes will be presented by Chef Totlani of Masque.

 The Masque x Eleven Madison Park dinner in collaboration with Lexus India will be held on 1st and 2nd September at Masque, Unit G3, Shree Laxmi Woollen Mills, Shakti Mills Lane, off Dr. E. Moses Road, Mahalaxmi, Mumbai 400 011.

Mumbai: Driven by the philosophy of Omotenashi and a commitment to offer exclusive & luxurious experiences to its guests, Lexus India has introduced ‘Taste of Trails’ a new experiential program as part of Lexus Life and Taiken Card offering. The new program will create unforgettable gastronomic encounters for its discerning guests in India.

The program is being introduced with the one of its kind collaboration with Masque, India’s culinary gem, that has been on the top of many well revered ‘World’s Best Restaurant’ lists since its introduction. Lexus’ involvement as the exclusive crafts and luxury mobility partner brings innovation, as well as an amazing experience to Lexus guests at Masque. Chef Daniel Humm of Eleven Madison Park and Chef Totlani of Masque will serve up a 10-course, plant-based menu that bridges each of their approaches to food, cooking and cuisine.

Creating food and elevating that into culinary art is fundamentally human and comprises an evolved level of craft. This thoughtful detail and craftsmanship are basic cultural pillars supporting the Lexus brand. This gastronomic experience is in line with the Lexus Taiken Card’s offerings. The Lexus Taiken Card was introduced to provide experiences to the world’s most sought-after events. It provides exclusive access* to the most amazing events and bespoke experiences. The card not only enhances the ownership experience but also creates a strong connection between customers and the brand, fostering a sense of loyalty and admiration for the exceptional quality and craftsmanship that Lexus represents. This service was created as a tribute to the guests who are genuine connoisseurs of experiences, whether it is an award show after party, a celebrity meet-and-greet, or a VIP box at a sporting event, among many others.

Commenting on the culinary partnership, Naveen Soni, President, Lexus India, said, “We are extremely pleased to be Masque’s exclusive crafts and luxury mobility partner. As veteran Lexus owners know, driving a Lexus isn’t just a premium automotive experience—it’s an expression of a life well-lived. This collaboration is in alignment with Lexus’ core values of passion, dedication, and imagination. As with the exemplary hospitality that Masque honours, it attests to our brand values of innovation, craftsmanship, and authenticity, making this collaboration a perfect fit.”

Aditi Dugar, Founder of Masque says, “We’re grateful to be able to work with the Eleven Madison Park team here in Mumbai, and to the team at Lexus India for being an integral support both to this collaboration and to the research and development that has gone into this season’s tasting menu. We share a passion for our respective crafts that makes this partnership a seamless one.”

Situated in Mumbai, Masque restaurant was established in 2016 by Aditi Dugar and a pioneering concept under Chef Varun Totlani’s culinary guidance. Masque has earned global recognition by being a part of the top 100 restaurant lists. This exquisite restaurant uniquely blends tradition and innovation, driven by locally sourced ingredients from farmers, producers, and foraging trips. Its culinary ethos spotlights local elements and maximizes flavors from India’s rich produce.

Masque along with Eleven Madison Park, the New York restaurant that has built an unmatched legacy for itself, will deliver a one-of-a-kind dining experience with a 10-course meal. This gastronomical journey will be embarked upon by Chef Daniel Humm. Under his leadership, Eleven Madison Park has earned several accolades, including 4 stars from the New York Times and 3 stars from the Michelin Guide – the first and only plant-based restaurant in the Guide’s history to do so.

For the entirety of the year, Lexus guests can savour contradicting dishes like the Barbecued Sea Bass, fried Idiyappam and Shallot Chai to create an intriguing dish that has never been attempted before – ‘The Lexus Soiree’. While the Sea Bass Barbecued makes for a great summertime dish, the fried idiyappam calls for the traditional idiyappam maker and the Shallot Chai is a Middle-Eastern tea made with a special member of the onion family that has a milder, delicate flavour. These delectable dishes will be presented by Chef Totlani of Masque.

The Masque x Eleven Madison Park dinner in collaboration with Lexus India will be held on 1st and 2nd September at Masque, Unit G3, Shree Laxmi Woollen Mills, Shakti Mills Lane, off Dr. E. Moses Road, Mahalaxmi, Mumbai 400 011.

MX Player’s International Slate Promises an Unforgettable September 2023

MX Player's

This September, MX Player brings you an exciting mix of stories with a blend of drama, action, romance, and fantasy that will transport you to a new world of emotions. From gripping dramas to thrilling action and enchanting fantasies – let MX Player’s VDesi slate immerse you in a cinematic experience like none other, all from the comfort of your home.

6th September 2023 – The Rebel Princess

The Rebel Princess, a Chinese drama, follows the story of Wang Xuan (Zhang Zi Yi), a young woman forced into marriage with powerful but low-born general Xiao Qi (Zhou Yi Wei). Their strong bond helps them navigate power struggles and plots threatening the Imperial court. They rise to power and become joint emperors, but the Imperial family schemes against them. The series is directed by Cheng Yuan Hai and Hou Yong and is adapted from Mei Yu Zhe’s novel. Watch ‘The Rebel Princess’ in Hindi on MX Player from 6th September 2023.

16th September 2023 – Black Fox: Age of the Ninja

Black Fox: Age of the Ninja is a Japanese film set in the Samurai and Ninja era. Rikka Isurugi, raised as the future head of the Kitsune ninja clan, meets Miya, who seeks the clan’s help against the Negoroshu gang. Despite her reluctance to kill, Rikka confronts Negoroshu, leading to an unexpected alliance with Miya. As they bond, a hidden figure manipulates Negoroshu against Miya. Spanning 3 episodes, the film unveils the mysterious character’s motives and challenges Rikka to risk her life to save her friend. Watch ‘Black Fox: Age of the Ninja’ in Hindi on MX Player and experience the action from 16th September 2023.

20th September 2023 – Familiar Wife

Familiar Wife, a romantic fantasy K-Drama, follows the story of a married couple living entirely different lives after their fates magically change through an unexpected incident. Cha Joo-hyuk has been married to Seo Woo-Jin for five years. A strange incident happens, and Joo-hyuk makes a decision that unexpectedly impacts his life and those around him. Suddenly, his life with Woo-Jin and his best friend, Yoon Joong-hoo, is gone, and he is leading a very different life. How will his first love, Lee Hye-won, factor into his new life? And will it be possible to get his old life back. Watch ‘Familiar Wife’ on MX Player in Hindi to unravel the mystery from 20th September 2023.

27th September 2023 – Clean With Passion For Now

‘Clean With Passion For Now’ is a K-Drama that follows the story of Jang Sun Gyeol (Yoon Kyun Sang), who has wealth and good looks but suffers from germophobia. He owns a cleaning company and meets messy Gil Oh Sol (Kim Yoo Jung), who joins his company. Oh Sol’s carefree nature clashes with Sun Gyeol’s cleanliness obsession. With her support, Sun Gyeol overcomes his fears and discovers love. The heartwarming series shows how love can bloom in unexpected places. Watch ‘Clean with Passion For Now’ in Hindi on MX Player from September 27, 2023.

Announcement of Strategic Partnership between Witty Group of Institutions and Global Schools Foundation, facilitated by Anand Rathi Advisors

Witty Group of Institutions, founded by the renowned educationist couple, Dr. Vinay Jain and Dr. Raina Jain has four state-of-the-art campuses situated at Udaipur, Bhilwara, Malad, and Borivali offering CBSE, ICSE, ISC and IGCSE – A Levels certifications. The top-ranked schools are known for the value-based quality education offered along with the most upbeat infrastructure and facilities that kindle student interest in innovative pursuits to make them inquisitive, informed, self-aware and ethical citizens.

GSF, founded and headquartered in Singapore, is a not-for-profit entity focused on the K12 education sector. It owns and operates a network of 64 international schools across eleven countries, which offer multiple curricula from IB to Cambridge IGCSE, through a data-driven, technology-intensive approach. Founded in 2002, Global Schools Foundation is a community-oriented institution whose mission is to nurture young minds into global leaders of the future. Students of GSF schools have been recipients of several top accolades in IB & Cambridge curricula.

In 2021, GSF was recognized as the “World’s Most Awarded Network of Schools” by World Book of Records, WK & Switzerland, for being a recipient of 235 awards in different categories from innovation to sustainability.

Welcoming the partnership, GSF Chairman Mr. Atul Temurnikar said, “We are delighted to work with Witty leadership to support their vision of high academic standards to students. In the next few years, we will assist Witty to establish more campuses pan India.”

“We are thrilled and excited to be partnering with GSF. This partnership will open up a panorama of opportunities for our children and staff. The diversified geographies that GSF operates in will help students and teachers exchange ideologies and learning methodologies. The strong IT infrastructure and education pedagogy of GSF will help all our schools and its stakeholders attain the next level of excellence. It will also help us expand our education network from schools to higher education and skill based education projects”, commented Dr. Vinay Jain, Founder – Witty Group of Institutions.

Dr. Raina Jain, Co-founder said, “this partnership will help strengthen our ideology of igniting the spark of genius in every child. We look forward to working closely with GSF to the best of our capabilities in preparing our students for the 21st century.”

This strategic partnership between Witty Group of Institutions and GSF will help both groups leverage their strengths, and will help them expand their reach and ideologies. The schools will now benefit from the synergies, learning technologies and innovation capabilities of GSF.

Anand Rathi Advisors (ARAL) played a significant role in facilitating the strategic partnership between Witty Group of Institutions and Global Schools Foundation, by leveraging its deep expertise and knowledge in the Education sector. ARAL believes that this strategic partnership will result into immense opportunities for both groups in terms of geographical integration and augmenting operational capabilities.

Blend Bazaar returns with its spectacular 2nd edition: Bengaluru’s Ultimate Fusion Festival on October 7-8

Blend Bazaar returns

Bengaluru, 2nd September 2023 Blend Community, a vibrant hub for creators, consumers, and brands announces the 2nd edition of Blend Bazaar, India’s only creator community-powered festival. The event is set to take place on the 7th and 8th of October, at Bharatiya Mall, Bengaluru, from 11 AM to 10 PM. Blend Bazar promises an exhilarating mix of diverse worlds and experiences, offering eventgoers an unforgettable journey into a paradise for foodies, an electrifying music lineup, and captivating, crafted fashion, lifestyle, and art experiences that will leave a lasting mark.

With a meticulously curated lineup of events, Blend Bazaar, this year promises to be an inclusive platform where imagination knows no bounds. The experience will encompass a distinguished lineup of national and international artists, interactive coffee brewing classes, captivating book reading sessions, a one-of-a-kind shopping extravaganza, and tempting mixology sessions, to name just a few highlights.

Blend Bazaar has joined forces with esteemed partners like Gourmet Tales Company, Benki Coffee, Socials, BookNerds and more to curate and execute various exclusive zones. These activations will reverberate with enthusiasm and are sure to entice eager crowds to be part of the most extraordinary event in Bengaluru.

This year, Blend Bazaar is all set to host an electrifying multi-genre music festival, featuring the biggest names in the industry like lot! Seedhe Maut, Garbaz, Lost Stories, Akhlad Ahmed, Bebetta, and Answer Music. With two thrilling days packed with EDM, Hip-Hop, R&B, and Indie music, there’s something for everyone. And that’s not the end of the excitement—there’s a sensational headliner yet to be unveiled, creating an air of anticipation and wonder!

Besides performances, the two-day festival weekend will offer its guests a packed schedule with plenty of things to do, see and experience. The festival will be intricately organised into various

captivating zones, each having a unique look & feel, offering an immersive experience. Given below are the Zones of Blend Bazaar:

Roasted- This unique zone is certain to delight the taste buds of every coffee enthusiast in the city! At Roasted, visitors can enjoy the enticing fragrance of freshly roasted coffee, guided by skilled baristas, which takes them on a journey into the world of coffee brewing. The zones will be hosted by the event partner and caffeine superstore Benki Coffee, who will be hosting barista championships, brewing masterclass and cupping session for event-goers. The zone also provides delicious treats accompanied by live Indie music that soothes their senses as event goers can indulge in carefully prepared coffees.

Entreecourse- Through Entreecourse, Blend Bazaar is poised to become India’s first festival to present a comprehensive luxury dining experience. This zone will boast an ambience of redefined luxury and an exclusively curated five-course menu, complemented by a selection of fine wines and champagne. Blend will also bring to the city some of Mumbai’s best F&B brands & chefs to entice Bengalurians taste buds. Access to Entreecourse and its exceptional offerings will be available through a ticketed entry.

Bazaar Street: A vibrant tapestry of food and fashion intertwines with the pulse of street culture, celebrating the creativity and diversity that define urban life at Bazaar Street. The single captivating zone will consist of new-age fashion & accessory brands like House of Fashion, Mosegi, Sumaaya, T Tattle, Fashka etc. The zone will also transport event goers to a world of unparalleled taste and sophistication, with emerging F&B brands like Chichabas Taj, Theka Coffee, Bakeree, Nachos Bar, and many more offering some delectable delicacies.

Blend Central Park- Manhattan’s Central Park meets India at this zone offering a serene escape where nature’s beauty and relaxation converge in a tranquil oasis. The zone offers a perfect retreat with sunset cinemas, incredible music and vibrant activities. Sprawled across the event area this will be the zone where the event goers can find their community through creative workshops and engaging in heartfelt conversations that will take place throughout the two-day festival.

Blend Global – This zone reckons event goers on a captivating expedition that traverses continents without leaving Blend Bazaar. Offering a vibrant tapestry of international cultures through an array of global cuisines and fashion that celebrates the rich diversity of flavours and styles across the world. Get Global is more than a zone; it’s an odyssey that underscores the beauty of unity in diversity, a testament to today’s global village narrative.

Blend Bar- In this zone, guests will experience refined indulgence and sophisticated socialising. Blend Bar offers an elegant, relaxing ambience where expert mixologists craft exquisite cocktails. Attendees unwind in style, enjoying their favourite drinks with like-minded companions. With mixology sessions led by celebrated bartenders, a curation of exclusive Blend’tastic cocktails, captivating musical ambience, and an electrifying vibe, the festival-goers’ experience is destined for pure excitement.

Blend Chronicles- The magic of movies and books intertwines with captivating films and intriguing literary journeys. Blend Chronicles will let one indulge in the enchantment of storytelling and embark on unforgettable adventures! This is where the convergence of art, culture, and entertainment creates an enriching tapestry of experiences.

Hari Shetty, CEO & Co- Founder of Blend Community said, “At Blend Bazaar, we set out to create something more than just a festival; we envisioned a tapestry of unity, where diverse threads of culture, creativity, and camaraderie intertwine. Following the exclusive and intimate inaugural edition in 2021, this second edition is a manifestation of a larger vision, a witness to the magic that occurs when we allow ourselves to be open to the beauty of blending. We celebrate the power of collaboration and the strength found in our differences as we bring together Indian and global influences in fashion, fiction, music, and beyond.”

He added, “We are thrilled to launch the edition and make it bigger this year. We invite all to come and celebrate not only what makes us unique but also what binds us as a global community of creators.”

Blend Community in partnership with Tessarakt Experiential (one of the leading experiential marketing firm, known for setting standards in large-scale brand activations and bringing bold visions to life) is set to take Bengaluru by storm with an electrifying and immersive journey that amalgamates various elements of where diverse worlds intersect. They are set to redefine the festival landscape, and attendees can expect unparalleled excitement and create memories that will leave a lasting impression. Official tickets for Blend Bazaar can be purchased on blendbazaar.in and Paytm Insider. Don’t miss your chance to secure a coveted seat in the grand tapestry of Blend Bazaar’s riveting journey!

50 Percent of MSMEs ask for monetary incentives to adopt sustainability – SIDBI – D&B SPeX

Mumbai,2nd September 2023 The SIDBI – D&B Sustainability Perception Index (SPeX – the green pulse indicator) has been reported at 46 for April – June 2023. This marks a return to the level of 46 observed in October – December 2022, following a peak of 54 during January – March 2023.

SPeX thoroughly examines the assessment of both internal and external factors that contribute to the perception of sustainability in businesses across three key dimensions: awareness, willingness, and implementation.

In the April – June quarter, the index indicates a reduction of 20% in implementation scores, a 17% decrease in willingness scores, and an 11% downturn in awareness scores. The narrative centers primarily around awareness, orientation, and preparedness of MSMEs on sustainability.

The significant fluctuation in the index is due to lack of knowledge about institutional products and internal expertise of enterprises regarding sustainability in different pockets. 8 out of 10 MSMEs feel the need to improve the awareness of sustainability measures, policies and procedures for adoption of sustainable practices.

50 Percent of MSME

Dr. Arun Singh, Global Chief Economist, Dun & Bradstreet said, “It is encouraging to see around 80% of MSMEs recognize the importance of raising awareness about sustainability measures, policies, and procedures. However, to improve sustainability adoption by MSMEs in India, the policymakers should provide financial incentives and tax benefits to MSMEs that implement eco-friendly practices. Additionally, creating accessible training programs and workshops focused on sustainable business strategies would empower MSMEs to make informed decisions that positively impact the environment and their bottom line.”

Dr. R.K Singh, CGM, SIDBI stated, “SIDBI – D&B Sustainability Perception Index Survey, April-June 2023 clearly indicates that there is a compelling need to augment the ongoing efforts to increase both awareness and willingness among MSMEs about sustainable development. While awareness and willingness remain high for larger companies, the level of implementation remains low across all sizes of businesses. Even while MSMEs might view the concept of sustainability in a variety of ways, from helpful guidelines for responsible governance to client demand, it is important for MSMEs to be aware of the benefits to adopt sustainable initiatives as part of their business strategy. Thus, it is important to understand how a company’s leadership understands the potential benefits of implementing sustainable initiatives. SIDBI is committed to provide all out support to MSMEs moving towards sustainability, green investments including energy efficiency, cleaner fuel, renewable energy, waste management, adoption of EVs etc in mission mode. While SPeX, the index reflects the preparedness of MSMEs towards sustainability, it will help and guide the policy maker to align with sustainability & green goals and orient MSME participation on larger scale.”

Highlights of the SPeX Report:

  • 67% of MSMEs said their level of understanding of sustainability measures has improved since the previous quarter.
  • 1 in 4 MSMEs have no internal expertise regarding sustainability measures.
  • Half of MSMEs ask for direct monetary incentive for adopting sustainable measures.
  • 8 in 10 MSMEs feel need to improve awareness of sustainability measures, policies, procedures for adoption of sustainable practices.
  • 73% of the MSMEs are yet to set their sustainability targets.
  • Only 1 in 10 MSMEs are recycling more than 75% of water consumption.
  • MSMEs face a pressing requirement for technical support and capital to embrace sustainability initiatives and these are among their top three challenges.
  • Cost reductions via efficiency gains and external factors are major drivers of MSMEs’ sustainability actions.
  • Positive impact on revenue and employee morale are the top expected positive outcomes of their sustainability actions.
  • Around 50% of MSMEs claimed that they use energy efficient and climate friendly equipment and reduce, reuse and recycle emissions, waste, water, energy.
  • Only 33% stated that they have prompt & full compliance with regulations related to sustainability while only 38% source from ethical suppliers.

Malabar Gold & Diamonds launches the Hunger-Free World campaign in Mumbai

Malabar Gold & Diamonds

Mumbai, 2nd September 2023: Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, has rolled out Malabar Group’s Hunger-Free World campaign at Vasai, Mumbai. As part of the inauguration programme, Goa Governor Adv. P S Sreedharan Pillai flagged off a food distribution vehicle. Popular Actor and Rajya Sabha member Suresh Gopi, Malabar Gold & Diamonds Bullion Head Dilip Narayanan, Regional Head (West) A T Fanseem Ahmed, and others were also present for the event.

‘Hunger-Free World’, the Corporate Social Responsibility (CSR) campaign of Malabar Group, aims to provide daily meals to people in need. Malabar Group has launched this initiative in collaboration with Thanal, a voluntary organisation known for its commitment to social service. Under the campaign, over 30,000 food kits are distributed daily from 24 distribution centres in different states.

Commenting on the launch, M P Ahammed, Chairman of Malabar Group, said, “At Malabar Group, we aim to run our business aligned to the best industry standards in a manner that is safe, environment-friendly, and sensitive to the necessities and concerns of the communities. We are dedicated to catering to society’s expectations and giving back to the community in general and the underprivileged in particular. Our ‘Hunger-Free World’ initiative reflects our ethos, and we are pleased to launch it at Vasai to reach out to more people.”

To carry out the ‘Hunger-Free World’ campaign, kitchens equipped with modern facilities have been set up in different locations. Trained cooks and other support staff are assigned to prepare food. Food packages are delivered directly to people living on the streets.

Malabar Group allocates five percent of its profits to various social welfare activities. The fund is spent on women empowerment, providing shelter and food to people in need, medical support, and the education of girl students. Malabar Group has already spent over Rs. 200 crore on such activities.

UKG launches social impact initiative empowers women

UKG launches social impact

2nd September 2023 UKG, a prominent provider of HR and workforce solutions, has unveiled its impactful initiative, The Udaan Centre, in collaboration with Lok Bharti, a renowned vocational institution in India. This initiative is aimed at empowering women in Noida, India, by offering them a sewing machine operator training course. The course, leading to certification by the National Skill Development Corporation, equips these women for a lifelong career in India’s textile industry.

Operating six days a week with two shifts per day, The Udaan Centre caters to 50 students in each batch, providing education and skills training entirely funded by UKG. The women are instructed by qualified teachers in advanced cloth-making skills, highly sought after by export firms, ensuring their integration into the country’s workforce. Despite its soft launch during the COVID-19 pandemic, the project recently celebrated the graduation of its inaugural batch of 50 students.

The initiative’s overarching goal is to transform the lives of over 200 women annually, enabling them to attain skills for sustainable employment, bolstering self-reliance and confidence. In alignment with UKG’s commitment to people, The Udaan Centre is a testament to the company’s environmental, social, and governance (ESG) program, dedicated to fostering positive impacts with measurable progress.

Claire Lock, VP of Talent Business Partners, International Markets at UKG, highlighted the power of purpose and community upliftment. Nitin Wadhwa, HR Director, India at UKG, emphasized the collaborative effort involving employees, the government, and local communities, all contributing to empowering women for self-reliance.

This initiative isn’t isolated; UKG India has launched other projects to further their ESG initiatives. “Getting Girls to Code” imparts vocational training in web design and digital marketing to young women, while “The UKG ANK Learning Centre” partners with a nonprofit to provide education to underprivileged children.

Heather Geronemus, Senior Director of Social Impact at UKG, highlighted the importance of these initiatives in fostering potential among underrepresented groups. The company’s values of unity, kindness, and growth are embodied in events like the “Month of Giving,” where UKG employees volunteer in multiple CSR programs benefiting the community.

Nitin Seth, CEO at Lok Bharti, stressed the significance of empowering women for economic progress and innovation. The initiative not only equips these women with skills but also instills economic independence and empowerment.

In a nutshell, UKG’s Udaan Centre is a transformative initiative empowering Noida’s women with skills and purpose. By imparting valuable skills and fostering a sense of self-reliance, UKG is making a tangible impact in the lives of these women and the community at large.