Ugro Capital Limited is Rated ‘ind a’/stable by India Ratings

Mumbai, February 25, 2023: India Ratings and Research (Ind-Ra) has rated UGRO Capital Limited’s bank

loans ‘IND A’/Stable. This rating reflects UGRO Capital’s diverse product offering for MSMEs, as well as its geographic and sectoral diversification, strong analytics and usage of data science, adequate capital buffering, and diversified borrowing profile.

UGRO Capital has invested in technology infrastructure, data analytics, human resources, and systems and processes in order to expand the franchisee in the short to medium term. The company has an experienced management team with lending and technology expertise and employs a hybrid of physical and digital frameworks for sourcing, underwriting, disbursements, and collections. On the underwriting side, UGRO Capital uses a data science-based credit decisioning model which underwrites loan proposals using bureau data, banking data and GST data.

Mr. Shachindra Nath, Vice Chairman and Managing Director of UGRO Capital said, “At UGRO Capital, we have already assisted over 38,000 MSMEs and disbursed over INR 10,500 crores. This rating reaffirms the strength of the organization and its leadership along with its financial and operational excellence. This is an important step in our journey to become a leader in the MSME lending space, and it demonstrates our commitment to building a strong institution.”

UGRO Capital is a DataTech NBFC and pioneer of LaaS in India. It continued its growth momentum in the third quarter of FY23 and crossed INR 5,000 Cr AUM market. UGRO Capital’s AUM stood at INR 5,095 Cr (as on Dec’22), up 97% compared to Dec’21. The company’s Total Income for Q3’23 stood at INR 189.6 Cr (up 123% YoY and 22% QoQ) and INR 466.6 Cr for 9M’23 (up 134% compared to 9M’FY22).

UGRO Capital has effectively leveraged the co-lending partnerships with off-book AUM at 35%, up from 29% as of September 2022. It has achieved its FY23 guidance of 35% off book AUM mix a quarter in advance. UGRO Capital has collaborated with ten co-lending partners, over 65 lenders, 25 fintech, and 1,000 GRO partners to provide data-backed customized credit solutions to a large number of borrowers in the

“Understand your limits and sing something you feel for” says Singer Shilpa Rao

Mumbai, 25 February 2023: “There is still so much to learn and to be motivated even when you are already being successful. We come from some country rich in great lyricists and they are my motivation to keep going and learning.” Indian playback singer, Shilpa Rao said here today. Speaking at the second edition of the “Ideas of India” Summit, Vocalist Rishi Singh, who was also performing at the summit said, “The ladder to success relies on letting go of your fear. The love and messages a small-town boy like me has received through the platform of Indian Idol. This is proof that talent can be born anywhere.”

The ABP Network’s “Ideas of India” Summit 2023 was discussing the topic of “Being Unique, The Colours of Music” & From Ayodhya to Mumbai, The Reality of Indian Idol. The summit has brought together policymakers, cultural ambassadors, industry experts, celebrities, and business leaders to discuss the critical role of India during the global churn and changing dynamics. ABP Network is a leading multi-language channel reaching 535 million individuals in
India therefore this summit provides one of the biggest platforms for the brightest minds across various sectors to express their views.

“OTT is a massive wave but it is not demise of bollywood” says Actor Ayushmann Khurrana

Mumbai, 25 February 2023: “The arrival of OTT is not a demise of Bollywood, if we see the content on OTT platforms, it is similar to Bollywood. So, the content should be on the right platform and address the target audience. The consumer is on OTT platforms as it can be adjusted as per their comfort” Indian film actor, Ayushmann Khurrana said here today.

He added, “When you are unconventional, you don’t have an option and you need to do something different with your character and the movie you choose. My father always supported me and pushed me to take these tough decisions. I can’t leave my staple genre, I am living until I am taking risks and that has always been my USP.”

Speaking at the second edition of the “Ideas of India” Summit, actress Sara Ali Khan said, “Truth is important for me while taking up any stories but I want to take up a variety of films. I don’t care what people say about my personal beliefs and trolling me on social media but yes if my fans don’t like the work that affects me. ”

The ABP Network’s “Ideas of India” Summit 2023 was discussing the topic of “Mr. Original Changing Bollywood, One Film at a Time” & Representing the New Gen, Movies, and Stardom in the age of Social Media. The summit has brought together policymakers, cultural ambassadors, industry experts, celebrities, and business leaders to discuss the critical role of India during the global churn and changing dynamics. ABP Network is a leading multi-language channel reaching 535 million individuals in India therefore this summit provides one of the biggest platforms for the brightest minds across various sectors to express their views.

Today’s entrepreneurs are younger and younger than ever before: Jayesh Ranjan

Hyderabad, February 25, 2023….A fashion show was organized at T-Hub-2 on Thursday night with the theme ‘convert passion into a business and to highlight the importance of passion Ms Manasa Varansi, Miss India World-2020 and Mr. Jayesh Ranjan Principal Secretary, Dept of IT, Govt of Telangana graced it Speaking on the occasion Mr Jayesh Ranjan said today’s entrepreneurs are younger and younger than ever before. The reason for that is today they have younger role models than before. Many tech wizards left top-class B-schools to pursue their passion. Everyone can have a dream but convert that into a reality, Mr. Ranjan said. Curiosity is the mother of passion. Find your passion said beauty pageant Mansa. The host of this fashion Denaurlen is a beautiful name, Dena (giving) aur lena (taking). Giving and taking are super important. Giving is more important than receiving. Give love, give attention, and give a hand to lift others, she said. Denaurlen is a first-of-its-kind gamified social media company being incubated at T-Hub said Sowmya Ravula, COO of the Denaurlen Startup. The Fashion Show curated by Mr Srikanth Gatla of SG Fashion was organized as part of the 3C (Create, Collaborate, Conquer) Festival. The show had three sequences and eight models walking on the ramp. They sported, Pret & Indo western, and ethnic Bridal collections Denaurlen is a dream venture of Mr. Tagore Sr, CEO; Mr. Tagore Jr, MD, Founders if Denaurlen and Ms. Sowmya Ravula, CEO, Denaurlen. They have all dreamt of it and made it into a reality. The startup has gained a firm foothold and going places.

Hyderabad, February 25, 2023….A fashion show was organized at T-Hub-2 on Thursday night with the theme ‘convert passion into a business and to highlight the importance of passion

Ms Manasa Varansi, Miss India World-2020 and Mr. Jayesh Ranjan Principal Secretary, Dept of IT, Govt of Telangana graced it

Speaking on the occasion Mr Jayesh Ranjan said today’s entrepreneurs are younger and younger than ever before. The reason for that is today they have younger role models than before.

Many tech wizards left top-class B-schools to pursue their passion. Everyone can have a dream but convert that into a reality, Mr. Ranjan said.

Curiosity is the mother of passion. Find your passion said beauty pageant Mansa.

The host of this fashion Denaurlen is a beautiful name, Dena (giving) aur lena (taking). Giving and taking are super important. Giving is more important than receiving. Give love, give attention, and give a hand to lift others, she said.

Denaurlen is a first-of-its-kind gamified social media company being incubated at T-Hub said Sowmya Ravula, COO of the Denaurlen Startup.

The Fashion Show curated by Mr Srikanth Gatla of SG Fashion was organized as part of the 3C (Create, Collaborate, Conquer) Festival. The show had three sequences and eight models walking on the ramp. They sported, Pret & Indo western, and ethnic Bridal collections

Denaurlen is a dream venture of Mr. Tagore Sr, CEO; Mr. Tagore Jr, MD, Founders if Denaurlen and Ms. Sowmya Ravula, CEO, Denaurlen. They have all dreamt of it and made it into a reality. The startup has gained a firm foothold and going places.

Mamaearth’s Ubtan Gives You Shaadi Wala Glow Everyday Through Its Latest Tv Campaign With Shilpa Shetty Kundra

SHILPA SHETTY KUNDRA

February 25, 2023, | Gurugram- Mamaearth, the fastest-growing FMCG brand from the House of Honasa Consumer, launched its latest campaign, #Shaadiwaalagloweveryday, with celebrated actor and Brand Ambassador Shilpa Shetty Kundra. The TV Commercial highlights the goodness of natural ingredients in the Ubtan Face Wash that gives #ShaadiWalaGlowEveryday, naturally.

Everyone desires glowing skin every day and mostly relates to the glow they or their friends had during their wedding Haldi ceremony. Mamaearth Ubtan Facewash has been crafted with the goodness of natural ingredients like turmeric and saffron which are key ingredients in the haldi ceremony ubtan as well. Hence, using Ubtan Face Wash can give you the Haldi ceremony glow, without hosting an elaborate haldi ceremony.

Conceptualized by Korra Worldwide, the new TVC showcases the unique proposition of Mamaearth’s Ubtan Face Wash, which gives a glow similar to the one from the Haldi ceremony during weddings. The film captures a delightful banter at a Haldi ceremony, where the bride’s radiant glow after wiping away the

haldi catches everyone’s attention. Even the younger sister of the bride is amazed by the bride’s glowing skin and is staring at her in awe. Shilpa notices this and playfully nudges the sister, asking if she also feels like getting married after seeing the bride’s glow. The sister responds by complimenting Shilpa’s flawless skin and expresses her desire to have the same glow every day without getting married. Shilpa then reveals her secret to glowing skin – Mamaearth’s Ubtan Face Wash. The film effectively communicates the unique benefits of the product, making it a must-try for those seeking flawless and radiant skin.

The 35-sec film closes with the ingredient benefits of Mamaearth Ubtan facewash in a no-toxin proposition giving the perfect #ShaadiWalaGlowEveryday.

Commenting on the campaign, Ghazal Alagh, Co-Founder and CIO at MamaEarth said “Ubtan has been treasured for generations as the secret to glowing and radiant skin. Typically used in Indian ceremonies, such as the haldi ceremony during weddings, Ubtan has been known to detain and lend a radiant glow. For our customers to experience the Ubtan glow every day, we’ve taken the best of traditional Ubtan ingredients and crafted them into a hassle-free formula in a facewash so that the benefits of Ubtan can be achieved every day. Our new TV commercial establishes the Ubtan range as synonymous with achieving the ShaadiWalaGlowEveryDay, naturally with Mamaearth Ubtan Facewash. I hope this resonates with our consumers and they choose the goodness of natural ingredients with us.”

Gaurav Nabh, Founder & Director, of Korra, said “Indian wedding preparations are incomplete without the grand Ubtan ceremony, thanks to the radiant glow it brings to the bride and groom’s skin. Our latest work on Mamaearth’s Ubtan Facewash is built on the same insight and answers one simple question – How do you get this shaadi waala glow every day? The campaign features Shilpa Shetty, who’s known for her timeless beauty and glow. We are proud of this work by Korra and are looking forward to continuing the great work together and helping Mamaearth build a deeper connection with the consumers.”

Mamaearth is a brand built on the principles of Honesty, Natural, and Safety, and believes that goodness starts with the small things that each of us can do daily! The brand continues to live up to its promise of using the best of nature, with no toxins and no harmful chemicals, while being cruelty-free and plastic positive.

Sayaji brings its grill & barbeque legacy now in Vadodara with Kebabsville

Sayaji brings its grill

Vadodara, 25th February 2023; Sayaji Vadodara get its signature restaurant Kebabsville now in Vadodara. A destination well known for its sizzling kebabs, hearty grills and barbeque, North-Indian delights, healthy salads, lip-smacking desserts, and best of beverages is now open to serve the cultural capital of Gujarat. Kebabsville Vadodara brings a luxury dining experience by the poolside on the top floor of the property.

Kebabsville is a class apart- buffet restaurant based On the D-I-Y (Do It Yourself) concept from the legacy of Sayaji Indore from 2003. Kebabsville in Vadodara is the 3rd outlet of the brand which will now serve and cater the taste buds of Vadodara. The outlet amped with live soulful music by the poolside is the signature takeaway for the guests. After catering to the Madhya Pradesh market for over two decades will now move to other parts of the country and look forward to catering the taste palettes of guests across the length & breadth of the country.

Mr. Karthick Vincent, General Manager, Sayaji Vadodara on the occasion of the launch commented “We have gained a reputation of providing enriching experiences to all our patrons for ages. Guests can relax after a hectic day and enjoy dining by the pool. They can indulge in an unlimited barbeque experience with our highly skilled cuisine curated by our expert chefs.”

Sayaji Hotels is India’s premier upscale lifestyle hospitality brand, renowned for its bespoke experiences, signature hospitality, and ushering in new standards of opulence in the 4-star and 5-star hotels category. Each of the properties boasts luxurious rooms with a host of banqueting and F&B facilities. The company will soon expand its footprints nationally with property openings in Gujarat, Maharashtra, Madhya Pradesh, Telangana, Andhra Pradesh, and Rajasthan.

Risk-taking is important for success says Motivational Speaker Avadh Ojha

ABPIdeasOfIndia_AvadhOjha&Khan Sir

Mumbai, 24 February 2023: “School education needs to be transformed, without learning and curiosity, education is a waste. Therefore, the education pattern should be observation-based and education infrastructure needs to be promoted.” Founder, Ray (Renaissance & Youth), Teacher, and Motivational Speaker, Avadh Ojha, said here today.

Sharing his experience, a Teacher & Social Worker, at Khan GS Research Centre, Khan Sir said, “Students pursuing competitive exams must listen to their parents, and not get pressured by the outside world. My life’s best decision was to quit English medium for Hindi medium.” He earlier said his dream is to ensure that a laborer’s son is able to understand Quantum Physics.” He further added, “We need education, skill, and experience for success.”

The ABP Network’s “Ideas of India” Summit 2023 was discussing the topic of “Crash Course, Lessons in Learning” and “Young India, Making the Right Choices.” The summit has brought together policymakers, cultural ambassadors, industry experts, celebrities, and business leaders to discuss the critical role of India during the global churn and changing dynamics. ABP Network is a leading multi-language channel reaching 535 million individuals in India therefore this summit provides one of the biggest platforms for the brightest minds across various sectors to
express their views.

V-Guard Industries bags Best Green Office Award

V-Guard Industries Green Awards

Kochi: Leading electric and electronic manufacturer V-Guard Industries has bagged the ‘Best Green Office award’ constituted by a leading Magazine in association with the RPG Group. The award promotes creating a positive work atmosphere conducive to happiness and satisfaction among the workforce in companies and corporations. The award also celebrates the culture of happiness at the workplace.

V-Guard as an organization has always focused on green and sustainable practices in everything we embark on. This in turn has helped the organization maintain a very energy-efficient and ‘green’ workspace over the years. Mr. P T George, Vice President, HR and Administration, V-Guard Industries received the award from Mr. Uday Samant, Minister of Industries, Government of Maharashtra at the first ever Happiness@Workplace Summit and Awards held in Mumbai.

“The achievement is a recognition of our efforts and commitment to ensure an employee-friendly workplace that puts a premium of happiness in the workforce,” said Mr. P T George. He also added that V-Guard’s headquarters is built on the concept of green building to create a positive work environment as well as prove its commitment to sustainability

Empowered young women emerge as a driving force in the rural economy

Rupa's

By Ms, Rupa Bohra is Managing Director at TNS India Foundation

A movement of young women trained as “Agricultural Guides” are now leading effective action on climate change through sustainable agriculture in rural Africa. More than 8,500 individuals, mostly young women, have been approached by these Agricultural Guides.

These Guides are part of an initiative that was launched in 2013 to train young women from poor, marginalised farming communities across sub-Saharan Africa. As guides, these young women have become champions of sustainable agriculture. They have improved the productivity, sustainability and profitability of their own smallholdings as well as encouraged wide adoption of practical, affordable and locally-relevant climate-smart techniques. This includes inter-cropping and drip irrigation using waste plastic bottles and technologies that value indigenous traditions.

Similarly, in Dodola district, about 300km south of Ethiopia’s capital, Addis Ababa, more than 2,000 smallholder young women farmers are involved in a joint United Nations (UN) programme to boost sustainable agricultural production and rural women’s economic empowerment, through training and cooperatives. Such agricultural cooperatives, especially those established by young women in rural areas, play a crucial role in enhancing productivity through sustainable farming practices.

A UN report suggests that giving women the same opportunities as men can increase agricultural production by 2.5-4% in the poorest regions and the number of malnourished people can be reduced by 12-17%.

Notwithstanding the huge importance of women in food production, they are often regarded as assistants on the farm and not as economic agents or farmers in their own right. Rural women lack equality in terms of ownership of family land that they work on in most cases.

According to a research by the Food and Agriculture Organisation of the UN, in the Indian Himalayas, a pair of bulls works 1,064 hours, a man 1,212 hours, and a woman 3,485 hours in a year on a one-hectare farm-almost thrice as much.

On the other side, a 2018 study by the University of Maryland and the National Council of Applied Economic Research (NCAER) reveals that women are part of 42% of the agricultural labour force in India, yet own less than 2% of farmland. It is, therefore, imperative to improve these metrics at the national level.

Furthermore, women have faced challenges in accessing financial services that can be attributed to low literacy levels among rural women, specifically in financial matters, lack of a formal trail of documentation, amongst others.

To cite an example close to home, a not-for-profit organisation TNS India Foundation (TNSIF) has been working with 1,500-plus mango farming households across the 14 villages of Talala block of Gir Somnath district of Gujarat, since October 2020. A crucial aspect of the program, which is aimed at helping agricultural households (farmers) come together to establish farmer producer companies (FPC) in order to eliminate middlemen who buy from individual households and sell to an institutional buyer.

It was discovered that only 4 of the 1,100 FPC shareholders are women. And even in these cases, the women joined as their husbands had passed away and, they were the sole nominees. While all women FPCs are equally encouraged by the government through schemes like Support to State Extension Programmes for Extension Reforms, National Food Security Mission, National Mission on Oilseed & Oil Palm, and National Mission on Sustainable Agriculture, to name a few, they only have token power, which is quite unfortunate.

Challenges Faced by Young Women to Excel in Rural Economy

A 2022 UN report lists key challenges faced by women in rural economy. In many regions around the world, farming is the main source of livelihood and an important income source for the rural population. Rural women, who often struggle to secure their own land to farm in the first place, are facing heightened difficulties in the wake of global crises such as conflict and climate change. In many countries, rural women and girls spend most of their time on unpaid care and domestic work.

Lack of access to financial, government and other services is a common obstacle for rural women around the world. Gender inequalities, rooted in discriminatory patriarchal systems and social norms, mean that women are less likely to access agricultural extension services, markets, land and formal financial services despite their high participation in the agriculture sector. Other challenges that women face in the rural economy include a lack of information on job availability, as well as opportunities for training and education.

In addition, young rural women face restricted mobility after certain hours of the day and limited interaction with people outside their families. At times, mobility issues could also arise for women who are dependent on males for commuting between places.

On average, across countries, long-run gross domestic product (GDP) per capita would be almost 20% higher if gender employment gaps were closed, as per the World Bank report. Studies estimate global economic gains in the order of US$5-6 trillion if women started and scaled new businesses at the same rate men do. Addressing critical gender gaps is an opportunity to boost incomes and stimulate growth.

In this regard, governments and corporates through their corporate social responsibility (CSR) initiatives in terms of policy and awareness and funding have a bigger role to play.

Rural Economy Areas Where Women Contribute

According to the International Labour Organisation (ILO), a significant number of women in the rural economy work as subsistence farmers, small-scale producers, own-account workers, and in plantations and agro-industries, but women in rural economy are also employed in other sectors, such as education, tourism and domestic work.

To this effect, TNSIF has developed a program to help the sustainable livelihoods of local farming households which aims to help their economic development by sustainably improving household incomes. In addition, the organisation has also developed a comprehensive mentoring program to push women to break social and cultural barriers and polish their entrepreneurial skills to establish and grow their own businesses.

Way Forward for Young Women in Rural Economy

By 2030, about 1.6 billion people will reach working age in low and middle-income countries—the number is lower in high income countries, but the need to stimulate job creation is just as urgent, as per the World Bank. Fifty per cent of the world’s population is and will be female, but women currently comprise only about 39% of the labour force globally. Economies that discriminate against women—in entrepreneurship and labour force participation—undermine their own growth trajectory. As per a few researches, gender gaps cause an average income loss of 15% in the Organisation of Economic Cooperation and Development (OECD) economies and losses are estimated higher in developing economies.

In the Indian context, in rural communities, agriculture and allied sector is the primary source of livelihood that includes 80% of all economically active women, out of which 33% constitute agricultural labour force and 48% are self-employed farmers. Rural women are engaged at all levels of agricultural value chain, that is, production- pre-harvest, post-harvest processing, packaging, marketing to increase productivity in agriculture.

Taking all these factors into account, there is a need to invest in and make easily accessible affordable time- and labour-saving in technologies to reduce rural women’s and girls’ disproportionate share of unpaid care and domestic work. Also, it is essential to promote rural women and producer organisations by raising their capacity, skills and services and build linkages to new markets and existing services offered by governments or NGOs.

Going a step further, there is also the need to tackle discriminatory social norms, including through engaging men and boys in measures and programmes for rural women and gender equality. All such efforts can fructify into empowering women in the true sense, especially young individuals in the rural economy.

Unmatched Tax Benefits of Investing in NPS

The impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond retirement age. Therefore, it is essential that one should take early and active steps toward planning, saving, and investing for retirement.

Towards this, National Pension System (NPS) offers multiple benefits of systematic retirement planning, creating a pension corpus along with tax benefits. NPS is one of the most customer-friendly and flexible pension plans in today’s time. It is a Regulated, Professionally managed, Low cost, Transparent, and Portable pension plan well suited for any individual.

Here are some of the compelling reasons to opt for NPS :

Tax benefits on investment of Rs 1.5 lakhs u/s 80C – NPS is one of the listed investment options which is eligible for deductions u/s 80C. The total deduction limit u/s 80C is Rs 1.50 lakhs and the amount contributed towards NPS can be claimed as a deduction subject to a ceiling of 10% of salary (20% of gross income for non-salaried).

Tax benefits on additional investment of Rs 50,000 u/s 80CCD (1B)- This additional tax benefit is exclusively available to NPS subscribers to claim tax deductions upto Rs 50,000 over and above the deduction u/s 80C. Effectively this translates into a total deduction of Rs.2.00 lakh for NPS subscribers i.e. Rs.1.50 lakh u/s 80C & Rs.50,000 u/s 80CCD (1B).

Tax benefits under Section 80CCD(2) – If an Employer contributes towards the NPS Account of an employee (subscriber), the employee can avail deductions u/s 80 CCD(2) in addition to the tax benefits available u/s Sec. 80C, subject to a ceiling of 10% of salary or Rs 7.50 lakh.

Tax benefits on returns and maturity amount – NPS belongs to a covetous category of financial products that offers a tax treatment of EEE- exempt-exempt-exempt. Not only on investment but the returns and maturity proceeds of NPS are effectively tax exempt. This EEE tax treatment is available only to a selected few financial products.

Low-cost product – NPS is the lowest-cost pension scheme in the world. The compounding effect achieved through regular investment and low-cost advantage provides an opportunity to accumulate a higher pension corpus during working life.

In conclusion, it can be said that investing in NPS helps reduce one’s taxable income apart from building a pension corpus for post-retirement life. Investing in NPS is easy and a subscriber has the flexibility to contribute any amount above Rs 500 anytime and there are no restrictions on the number of transactions one can undertake during a year.