Muthoot Exim Launches Gold Point Centre in Pitampura, Delhi NCR

Delhi, 2nd September 2024Muthoot Exim (P) Ltd., the precious metal arm of 137-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the inauguration of its newest Gold Point Centre in Pitampura, Delhi NCR. This marks the 28th Gold Point Centre in India and the fifth in Delhi NCR. The new center, located at Muthoot Gold Point, Ground floor – Shop No. 1, Opposite Metro Pillar No. 346, Property No. 1, Kapil Vihar, Pitampura, Delhi 110034, offers a trustworthy venue for customers to sell their gold, promising a seamless and transparent process.

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Since the inception of its first Gold Point Centre in Coimbatore in 2015, Muthoot Exim has steadily expanded to major cities, including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, and now Pitampura. The addition of the Pitampura branch underscores Muthoot Exim’s commitment to growing its presence across India, providing reliable and transparent gold recycling services.

The launch of the Gold Point Centre in Pitampura is not just a business expansion; it is a strategic move to strengthen the financial ecosystem of Delhi NCR. By providing a trusted platform for gold transactions, Muthoot Exim empowers residents with a reliable means to monetize their gold assets. This centre is poised to significantly enhance the financial flexibility of the local population, offering them immediate liquidity in times of need.

Moreover, the new centre embodies the principles of transparency and fairness. Customers can personally witness the valuation process, ensuring they receive accurate assessments and instant cash payments for gold valued up to Rs 10,000. For higher amounts, payments are made via IMPS, NEFT, or RTGS, further simplifying the transaction process.

Keyur Shah, CEO of Muthoot Exim, emphasized the importance of this launch: “Pitampura has experienced remarkable growth, establishing itself as a vital part of Delhi NCR. Expanding our Gold Point Centers here aligns with our strategic vision. The new Pitampura branch brings us closer to our customers, providing them with a unique, reliable process for transparent gold testing and fair valuation.”

Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, added: “Opening in Pitampura is a significant milestone as we continue to strengthen our presence in Delhi NCR’s gold recycling market. Our goal is to expand nationwide, opening more centers to meet the rising demand for retail gold and delivering exceptional service through our Gold Point Centers.”

While the Pitampura center is a significant addition, it is part of a broader strategy that includes expanding into key cities like Trivandrum. The launch of the first Gold Point Centre in Trivandrum will offer the capital city a reliable option for gold recycling, driving economic benefits and enhancing the financial resilience of its residents.

Yatri App Offers Lifetime Zero-Commission Cab Rides on ONDC Network in Delhi NCR

Delhi, Aug 9, 2024: MovingTech, the company behind the Namma Yatri app, has launched its lifetime zero-commission cab rides under the brand “Yatri” in Delhi NCR. Yatri, part of the ONDC Network, is India’s first open and community-driven app for cabs and autos. After a successful pilot with autos, the app is now fully launching its services under the revamped “Yatri” brand.

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Yatri and its family of apps, including Namma Yatri, operate on a community-first, zero-commission model. It empowers drivers with higher earnings while providing affordable and convenient transportation for the people of Delhi NCR. Drivers typically earn 15-20% more with the Yatri App, enabling them to better maintain and keep their vehicles clean. The Yatri app also prioritizes safety, offering best-in-class safety features.

Shri Sanjiv Singh, Jt Secretary, DPIIT, Ministry of Commerce, inaugurated the services. He interacted with cab drivers and presented them with awards and financial support. He added, “I am excited to launch Yatri cabs in Delhi NCR. The app’s 100% open and community-first approach is commendable. Its expansion on the ONDC Network is crucial as we aim towards enabling an open, affordable and sustainable transportation ecosystem in India.”

Yatri is India’s first app that is 100% open source, open network, and open data. It offers fast booking through the dynamic ‘Book Any’ feature and smart dispatch processes. The app provides Auto, AC Mini, AC Sedan, and AC XL Cab services at low prices and lifetime zero commission. ONDC Network, already established in food, grocery, and e-commerce, aims to integrate all modes of transportation, solidifying its vision of a nationwide multi-modal network.

Shireesh Joshi, Chief Business Officer of ONDC, said, “ONDC’s open architecture and network-centric approach are paving the way for better affordability and accessibility of transportation options. It brings in a level playing field for drivers with higher earnings. We remain committed to catalyzing such community-driven initiatives that put people at the center while driving India towards a future of smart, efficient, and inclusive mobility solutions.”

Shan M S, Co-Founder of MovingTech, shared, “We’re excited to expand our cab services in the heart of the nation. Yatri is more than an app; it is a movement committed to transforming the lives of drivers and citizens. Yatri fosters close collaboration between Samaaj, Sarkar, and Bazaar to create a more connected and empowered city. In our commitment to support the EV mission, we won’t charge any subscription fees or commission for Electric Autos & Cabs in Delhi NCR till Mar 2026.”

With an impressive rating of 4.8, the Yatri family of apps is India’s top-rated mobility solution, serving over 4.1 lakh drivers and 72 lakh customers across the country. It has enabled drivers to earn over ₹700 crores without any commission. Yatri’s announcement to launch cabs marks a new chapter in building a community-first, sustainable mobility solution in Delhi NCR. It is committed to deepening its integration with Delhi’s transportation network and offering a seamless, efficient, and inclusive travel experience for all.

Devnagri Raises Pre-Series A Funding Led by Inflection Point Ventures

Delhi NCR, 25th July 2024: Devnagri, a Gen-AI company that personalizes business communication for non-English speakers raised an undisclosed amount in a Pre-Series A Round led by Inflection Point Ventures. Funds will be allocated to marketing, sales, technology scaling, R&D, infrastructure and administrative expenses.

nakul kundra

Devnagri specializes in personalizing business communication to cater to non-English speakers, making it hyper-local and more accessible. By leveraging advanced NLP and SLM models, Devnagri excels in contextualizing and personalizing content, seamlessly integrating their technology into both private and government infrastructures. Their innovative solutions address the unique linguistic needs of diverse audiences, enhancing communication and engagement.

Devnagri was co-founded by Nakul Kundra and Himanshu Sharma, both of them bring over 15 years of entrepreneurial experience to the company. Nakul Kundra, an MBA in Marketing & Finance, has a rich background in business strategy and management. Himanshu Sharma, also an MBA in Marketing and a skilled coder, combines technical expertise with business acumen. Together, their diverse skill sets, and extensive experience drive the innovative vision and growth of Devnagri.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages.”

With top-quality BLEU scores in Indian languages, Devnagri is significantly penetrating the Indian language ecosystem. By expanding from NLP products to GenAI and SLM, they empower customers to personalize their content, meeting the urgent need for localized communication.

Their innovative solutions, utilizing GenAI and SLMs, enable businesses to scale operations efficiently to Tier II and Tier III cities. This cost-effective approach broadens reach and engagement, helping companies tap into new markets and expand their presence across India.

Nakul Kundra, Co-Founder, Devnagri, says, “Communication is for the Receiver” Hence, Law of Attraction will only work when business communicates well with their audiences. As part of the vision, we are focussed on our approach of creating a layer of Hyper Local communication to enable the businesses to communicate with their customers in their language. Taking a step forward, we are moving towards offering the enterprises and Government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer. “Privatisation of Business Communication” is the need of an hour.”

Devnagri has garnered multiple prestigious awards both in India and globally, highlighting their innovative contributions. Their accolades include the TieCon Award 2024 in San Francisco, the Graham Bell Award 2023, a feature in the special edition of Shark Tank India 2022, and recognition as NASSCOM‘s Emerging NLP Startup of India.

The opportunity market for Devnagri is valued at $100 Billion Globally by 2030 ($53 Billion in India growing at a CAGR of 6.7%) which keeps on growing with the growth of all content rich industries. As the language industry is just getting form in India, it will further create sub industries and will change the way of communication for everyone.

The 2nd North India Garment Fair (NIGF 2024) by CMAI Commences; Brings Together 200+ Exhibitors and Expected to attract about 7000 Trade Visitors

New Delhi, June 11, 2024: The 2nd North India Garment Fair (NIGF 2024) organised by the Clothing Manufacturers Association of India (CMAI) commenced on Jun 11 till June 13, 2024, at the Yashobhoomi Convention Centre (IICC), Dwarka, New Delhi. NIGF 2024 features over 200 exhibitors showcasing a diverse array of menswear, womenswear, and kidswear.

The inauguration ceremony was graced by leading North India retailers, including Manik Jain & Sahil Jain of Aristocrat Garments, Bharat Bhushan Taneja of Paul Garments, R D Gupta of Bindals Group, Ranjit Surana of Bachoomal Collection, Sanjeev Garg of Stanmax, Mohinder Chaudhary and Saurabh Chaudhary of Suvidha Stores, Tarun Langer & Chander Shekhar Mahajan of Yougal Sons as Guests of Honour. Key dignitaries from CMAI present at the Inaugural included Rajesh Masand – President; Rohit Munjal – Vice President; Santosh Kataria, Chairman – NIGF; Rahul Mehta – Chief Mentor and Pankaj Jain – Hon. Secretary – North and other office bearers of CMAI.

CMAI Dignitaries and Leading Retailers inaugurates 2nd edition of NIGF 2024 - IMG 1

Rajesh Masand, President, CMAI, expressed, “The Domestic Garment industry in India is poised for significant growth, driven by the country’s dynamic demographic and economic potential. NIGF 2024 is a testament to CMAI’s commitment to supporting MSMEs and enhancing the garment trade in North India. The upcoming festival season is a crucial period for the Garment industry and hence NIGF 2024 plays a pivotal role in connecting manufacturers with thousands of buyers ensuring they are well-prepared to meet market demands”.

At the Inauguration, Santosh Katariya, Chairman said, “NIGF 2024 has fast developed as a successful platform for Manufacturers from across the country. It offers North India’s Retail industry a fantastic opportunity to meet new Suppliers, new Brands and refresh their merchandise for customers from across India. For the benefit of Exhibitors, we have also organized a Business Networking Session tomorrow with leading Agents & Distributors from pan India”.

NIGF 2024 features a diverse array of garment manufacturers, with over 95% representing MSMEs from various parts of India, including key hubs like Mumbai, Surat, Jaipur, Bengaluru, Indore, Ludhiana, Uttar Pradesh, and the Delhi-NCR region. Retailers from across the country have pre-registered to visit the fair and expected to attend the fair.

Celebrate Holi in Style with Courtyard by Marriott Aravali Resort's Exclusive Holi Package

Delhi NCR, March 2024Courtyard by Marriott Aravali Resort is excited to unveil its exclusive Holi Package, inviting guests to revel in the festivities amidst the serene ambience of the property. Crafted to offer an unforgettable experience, this package promises a perfect blend of relaxation, indulgence and celebration for couples or families seeking a quick getaway during the festive period and the long weekend. Immerse in a truly enchanting Holi experience at Courtyard by Marriott Aravali Resort where patrons can enjoy a seamless stay in the well-appointed rooms, offering a perfect sanctuary amidst the picturesque surroundings.

 Guests can indulge in the festivities with exclusive access to the Organic on-property Holi party and kickstart their day with a scrumptious breakfast for two at The Aravali Kitchen. Savour the special delights curated by the talented chefs, including a vibrant Holi welcome drink upon arrival and delectable treats showcasing the essence of the festival. Extending relaxation with a complimentary late check-out till 4 pm, guests can embrace the festive spirit with 02 complimentary beer glasses per person, adding a refreshing touch to the celebrations.

 Guests also get to experience the magic of the Satrangi Holi Chaupal, an evening high-tea event filled with colourful gourmet treats and live entertainment. They can enjoy complimentary valet parking and Wi-Fi throughout their stay, along with a 20% discount on food, soft beverages, and spa services, ensuring a hassle- free and indulgent getaway.