NIU Hosts Associate Partner Meet at Hotel Kelinworth, Kolkata

Kolkata, March 2, 2024Noida International University (NIU) successfully hosted an Associate Partner Meet at Hotel Kelinworth in Kolkata, bringing together distinguished guests and luminaries from academia and the corporate world.

 The event facilitated collaboration and strengthened ties between NIU and its affiliated partners. Professor Santanu Ray, a renowned academician and esteemed Fellow Chartered Accountant (FCA) and Chartered Financial Analyst (CFA) based in Kolkata, was the event’s Guest of Honour, while Mr. Akash Sharma, Director of Outreach & Admissions at Noida International University, served as the Chief Guest.

Kolkata event niu

 Professor Santanu Ray gave his perspectives on the changing educational landscape, as well as the role of academic-industry collaborations in promoting innovation and development. His experience and vision enriched the conversations, inspiring participants to consider new options and opportunities for collaboration.

 Mr. Akash Sharma, Director of Outreach & Admissions at NIU, said that the institution is committed to creating a suitable atmosphere for study, research, and industry engagement. He emphasized NIU’s proactive approach to cultivating talent and encouraging students to excel in their chosen disciplines, which contributes to the nation’s socioeconomic progress.

 The Associate Partner Meet ended on a high note, with participants enthusiastic about future collaborations and activities targeted at improving educational quality and encouraging academic excellence. The Associate Partner Meet allowed NIU to demonstrate its commitment to educational quality as well as its desire to form significant connections within the education ecosystem. During interesting talks and interactive sessions, attendees explored opportunities for collaboration, idea sharing, and mutual growth.

Pvr Inox Broadens Its Presence in West and East by Unveiling Two Cinemas

Kolkata, March 2, 2024Noida International University (NIU) successfully hosted an Associate Partner Meet at Hotel Kelinworth in Kolkata, bringing together distinguished guests and luminaries from academia and the corporate world.

 The event facilitated collaboration and strengthened ties between NIU and its affiliated partners. Professor Santanu Ray, a renowned academician and esteemed Fellow Chartered Accountant (FCA) and Chartered Financial Analyst (CFA) based in Kolkata, was the event’s Guest of Honour, while Mr. Akash Sharma, Director of Outreach & Admissions at Noida International University, served as the Chief Guest.

Kolkata event niu

 Professor Santanu Ray gave his perspectives on the changing educational landscape, as well as the role of academic-industry collaborations in promoting innovation and development. His experience and vision enriched the conversations, inspiring participants to consider new options and opportunities for collaboration.

 Mr. Akash Sharma, Director of Outreach & Admissions at NIU, said that the institution is committed to creating a suitable atmosphere for study, research, and industry engagement. He emphasized NIU’s proactive approach to cultivating talent and encouraging students to excel in their chosen disciplines, which contributes to the nation’s socioeconomic progress.

 The Associate Partner Meet ended on a high note, with participants enthusiastic about future collaborations and activities targeted at improving educational quality and encouraging academic excellence. The Associate Partner Meet allowed NIU to demonstrate its commitment to educational quality as well as its desire to form significant connections within the education ecosystem. During interesting talks and interactive sessions, attendees explored opportunities for collaboration, idea sharing, and mutual growth.

Colors Bangla Cinema partners with Videocon D2H in its aim to reach every household

Kolkata, 29 February 2024 – Colors Bangla Cinema, the leading Bengali movie channel renowned for its unparalleled cinematic experience, proudly announces its strategic partnership with Videocon D2H, a player in the DTH space. This collaboration marks a significant milestone in enhancing accessibility to quality entertainment for viewers across diverse demographics.

CBC New Off-air Logo - Reverse

As one of the top 2 Bengali movie channels in the market, Colors Bangla Cinema has garnered acclaim for its meticulously curated film selection, captivating audiences of all demographics. Experiencing record-breaking growth in fiscal 2024, the channel’s popularity surged among Videocon D2H subscribers, reaffirming its widespread appeal. This strategic alliance reinforces its position as a premier destination for Bengali cinema enthusiasts while addressing the evolving preferences of today’s viewers.

Vivek Modi, Business Head, Colors Bangla and Colors Bangla Cinema said “We are thrilled to join forces with Videocon D2H to expand our reach and serve a wider audience base. It is our constant endeavour to ensure that all enthusiasts of Bangla cinema have access to Colors Bangla Cinema and this partnership strengthens that commitment.”

Mr. Sukhpreet Singh- Corporate Head Marketing- DishTV, D2H, and Watcho said, “This partnership marks an exciting inclusion in our commitment to deliver compelling content to our viewers. Bangla subscribers are key to our plans and a critical segment for us. The addition of Colors Bangla Cinema showcases the diversity in our entertainment bouquet. Together, we look forward to enrich the viewing choices for our subscribers not only in that region but also widening our reach to Bangla viewers pan India. Dish TV India with its DTH brands D2H and DishTV is determined to remain at the forefront of delivering high-quality programming.”

From February 20th, viewers have been enjoying the rich tapestry of films on Colors Bangla Cinema, available on channel no. 1839 on Videocon D2H. This collaboration not only celebrates cinema but also underscores the channel’s commitment to delivering quality entertainment in every household across the region.

Dhanvesttor Secures PMS SEBI License to promote Women-Centric Wealth Management and Community Empowerment

Kolkata, February 14: Dhanvesttor, India’s newest boutique wealth management and co-learning and community building platform has announced that it has received PMS License (R.A. No. INP000008570) from the Securities and Exchange Board of India (SEBI) to begin PMS (Portfolio Management Services) operations. The grant of this licence has enabled the company to undertake the administration of funds and provide clients with strategic insights for navigating the financial landscape. This newly-acquired licence has allowed the company to further its cause of increasing women’s economic opportunities and participation in the capital markets by supporting their efforts to generate and control their own income.

anooshka

Commenting on the development Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor said, “The grant of the SEBI PMS License (R.A. No- INP000008570) is a big leap in our commitment to offering women-focused portfolio management services which will empower them to participate in the economy on equal terms with men. Our aim is to deliver unparalleled financial insights to optimise returns for our clients and shape their path to financial success.”

In tandem with its wealth management services, Dhanvesttor also provides co-learning sessions and community-building exercises to create an intimate and safe environment for women to discuss their queries about personal finance and wealth management. These sessions, conducted both in groups and one-on-one, aim to enhance financial literacy and inspire women to engage with like-minded individuals and financial experts, guiding them through their personalized journey of financial growth.

Anooshka further adds, “We strongly believe that financial empowerment for women involves not only monetary gains but also gaining financial knowledge. This knowledge helps women become more independent and confident in making both short-term and long-term money decisions. This knowledge is then passed on to their children, friends, and communities and pays dividends in terms of inclusive economic growth and human capital.”

Furthermore, Dhanvesttor is poised to introduce an extensive array of brokerage services and expand its market reach in tier-2 and tier-3 cities in addition to its existing focus on tier-1 cities. The firm has strategically expanded its presence and service portfolio, reinforcing its standing as an inclusive platform with a competitive edge.

Sawansukha Jewellers is spreading “HUGS” everywhere

HUGS

12th February, Kolkata: Sawansukha Jewellers, an eight-generation legacy jewellery house based in Kolkata & Siliguri, has launched an emotional jewellery collection called “Hugs”. This is a limited edited collection of chic pendants that forms a shape of hug. This exclusive collection is a celebration of bonds we share with our family and friends. It is available in white, yellow & rose gold and studded with finest quality diamonds. As a token of love, these pendants help you stay close to the people you love even when you are not physically present with them. The stunning pendants emanates pure connection and elegance made with 18kt gold. Speaking about the launch of “Hugs” collection, Siddhartha Sawansukha, MD, Sawansukha Jewellers said, Sawansukha always think a step ahead to give our customers designs that are unique and stylish. “Hugs” is an emotional jewellery made by Sawansukha, specially designed to highlight bond and emotional connection between two individuals. The meticulously crafted pendants have two designs- one has a shape of two arms meeting together and other pendant has a shape of two people hugging each other. The collection is sure to add panache and extend warmth to the wearer. We hope “Hugs” continue to celebrate connections, bond and emotions. Sawansukha added. These pendants can be personalized as per customer’s choice. Anyone can easily engrave their loved one’s name in the pendant itself. This collection is available in all Sawansukha stores. About Sawansukha: Sawansukha has a reigning history of eight generations as the house belongs to the beautiful royal state of Rajasthan. Today, well established in jewellery industry as one of India’s leading jewellers, with precision quality systems ensure right standards and also ensure the right quality and value to our customers. Our range comprises exclusive Calcutta craftsmanship in gold, platinum, diamond, jadau. Our collection includes Diamond jewellery, gold jewellery, Casual wear jewellery, Exquisite jadau/polki jewellery, Solitaire rings and Men’s jewellery. Our operation extends from manufacture, design, retailing, export and wholesale to Singapore, USA, UAE, UK and Bahrain. We are honoured and grateful to our well-wishers for showing immense faith in us which leads us to win 87 international and national awards. Last but not in the least we have established Sawansukha Institute of Gemology & Jewellery Design, flourishing and introducing award-winning young professionals in the industry for over a decade.

4th edition of E3 organised by IEEMA flags off in Kolkata

Kolkata, 8th February 2024: The 4th edition of IEEMA Eastern Region flagship event –Energise Empower East – E3 kicked off at Biswa Bangla Convention Centre, Kolkata today. Inaugurated by Mr. Reuben Ahimbisibwe, Director, Access and Distribution Dept., Energy Development Corporation, Rwanda, Mr. Debasish Banerjee, Managing Director (Distribution), CESC Ltd, Mr. Bibhu Bhuyan, Managing Director, Assam Power Generation Corporation Ltd, Mr. Sunil Singhvi, President – Elect, IEEMA, Mr. Devesh Goel, Chairman, IEEMA Eastern Region & E3, Ms. Charu Mathur, Director General, IEEMA, Mr. Vikram Gandotra, Vice President, IEEMA and Mr. Siddharth Bhutoria, NEC Member, IEEMA along with other delegates.

ENGLISH PRESS

Over the next three days, companies from Eastern India will conduct focussed business meetings with large number of buyers. They will talk about their projects and technology and procurement requirements. In a significant development, large buyers from the utility and non-Utility sector will also share their procurement plans.

Speaking at the occasion, Mr. Sunil Singhvi, President Elect, IEEMA, “E3 is not only an exhibition, it’s a platform for sharing ideas, innovation and business opportunities. The whole world electricity market is transforming and energy transition is taking place and for India, everybody in the world is looking for the opportunities beyond China. He added, this decade belongs to India and this year IEEMA will work to create awareness about the quality, reliability and safety.”

Mr. Devesh Goel, Chairman, IEEMA Eastern Region & E3 2024 said, “The 4thedition of E3 has many first and unique features, there is power-packed three-day conference along with Buyer Seller Meets.”

E3 is organised by Indian Electrical and Electronics Manufacturers Association (IEEMA), which is the apex industry association of manufacturers of electrical, industrial electronics and allied equipment. The event brings together Electrical Industry, Technocrats, Government, Utilities, New Industry segments like Oil Refineries, Cement, Railways, Steel etc on the same platform.

Birla Corporation December quarter net profit up 87%

Kolkata, 7 Feb.: Birla Corporation Limited reported a consolidated net profit of Rs 109 crore for the December quarterup 87% sequentially, as the Company managed to ramp up sales and scale back operating expenses. The Company’s EBITDA for the December quarter at Rs 395 crore and cash profit at Rs 298 crore represent a year-on-year growth of 160% and 359%, respectively.

 Total cost per ton of cement production for the December quarter at Rs 4,375 represents a decline of 8% year-on-year and 3% sequentially. With several internal cost optimization measures starting to deliver results, Birla Corporation is now among the most efficient cement manufacturers in the country in terms of production cost. The Company’s operating profit margin from cement for the December quarter was 17% and for the nine-month period, 13%.

  In the March quarter of the last fiscal year, Birla Corporation had launched Project Shikhar, a multi-pronged drive to improve operating efficiency and optimize costs. It has led to various nuts-and-bolts tweaking, and so far resulted in savings of at least Rs 55 per ton in cement production cost for the quarter.

 The Company’s consolidated revenue for the quarter at Rs 2,328 crore represents a 15% growth over last year, as cement dispatches from Mukutban were steadily scaled up and sales of premium products expanded in key markets.

 Mukutban continued its scaling-up journey on track and clocked positive EBITDA through each month of the December quarter. This significantly boosted the Company’s profitability. Beating projections, Mukutban crossed the 200,000-ton mark in sales and dispatches in January 2024 (earlier expected to be achieved in March 2024).

 Commenting on the Company’s performance, the Chairman, Mr Harsh V. Lodha, said: “The results are a reflection of our focus on improving operating efficiency in all parameters. We are firmly focused on reducing costs, improving capacity utilization and realization through a balanced brand portfolio, with equal emphasis on premium and value segments, geo-mix and go-to-market supply chain optimization, and accelerated ramp-up of Mukutban. Having established a strong base across North India, the Company is now ready for the next phase of its journey to become a 30- million-ton player by 2030. At the same time, the Company remains committed to Sustainable Development Goals of increasing share of renewable energy. We have one of the highest share of green and blended cement, which accounts for more than 80% of our cement sales.”

 Cement sales by volume at 4.2 million tons were up 13.2% year-on-year. The Company achieved a capacity utilization of 85% for the quarter compared to 74% a year earlier and 83% in the September quarter.

  Q3/FY24 Q3/FY23 Change 9M/FY24 9M/FY23 Change
Revenue Rs 2,328 crore Rs 2,024 crore 15.0% Rs 7,066 crore Rs 6,284 crore 12.4%
EBITDA Rs 395 crore Rs 152 crore 159.9% Rs 1,025 crore Rs 562 crore 82.4%
Cash profit Rs 298 crore Rs 65 crore 358.5% Rs 736 crore Rs 312 crore 135.9%
Net profit Rs 109 crore (Rs 50 crore)   Rs 227 crore (Rs 44 crore)  
Realization per ton* Rs 5,278 Rs 5,155 2.4% Rs 5,214 Rs 5,198 0.3%
EBITDA per ton* Rs 903 Rs 376 140.2% Rs 749 Rs 424 76.7%

*for Cement Division only

 The Company has been following a balanced portfolio strategy with equal thrust on the premium and value segments. The share of premium brands now stands at 52%, with almost equal volume of both value and premium brands, and increased 7% year-on-year. The price positioning of Perfect Plus has been systematically improved, to be at par or above the mother brands of leading players. The Company operates at dual price points in the value segment with its heritage brands, Samrat Advance, Samrat and Chetak. Its super premium offering of waterproofing cement Rakshak is steadily gaining share in the niche super-premium category.

 The cement industry witnessed a turnaround from the beginning of 2023 as fuel prices started to climb down following a sharp spike owing to the Russia-Ukraine war.

 Now, into the fourth straight quarter of recovery, Birla Corporation’s power and fuel cost per ton of cement production fell 25.3% from Rs 1,552 in the same period last year to Rs 1,158 in the quarter ended December. It represents a sequential decline of 8.6% from Rs 1,267 in the September quarter, which was achieved through optimum fuel mix, apart from decline in fuel prices.

 Thanks to falling coal prices, the Company stepped up generation from its captive thermal plants at integrated units. The Company’s own thermal  plants supplied 60% of the power consumed by the integrated units compared to 12% in the same period last year. Power generated from Waste Heat Recovery System was up 1% year-on-year. Renewables accounted for 23% of the power consumed by Birla Corporation in the December quarter—almost the same as last year.

 The Cement Division’s raw materials cost per ton for the December quarter was at Rs 557 against Rs 593 in the same period last year, down 6%. Sequentially, it came down 10% from Rs 620 per ton in the September quarter.

 With the implementation of the Integrated Logistics Management System and geo-mix optimization, freight and forwarding costs per ton for the December quarter could be contained at Rs 1,317—almost the same as last year—but increased marginally from Rs 1,228 in the September quarter despite levying of busy season surcharge during the quarter.

  Q3/FY24 Q3/FY23 9M/FY24 9M/FY23
Sales (by volume) 4.20 mt

(up 13.2%)

3.72 mt 12.79 mt

(up 13.3%)

11.29 mt
Capacity utilization 85% 74% 86% 79%
Blended cement 83% 89% 85% 90%
Trade channel 69% 75% 73% 77%
Premium cement 52% 51% 53% 49%

 Despite strong demand, cement manufacturers struggled to raise prices. Prices raised in September-October had to be partially rolled back later in the quarter. Sales and realization were impacted by unseasonal heavy rainfall in November in Uttar Pradesh, Madhya Pradesh, Rajasthan and Maharashtra. Operations were also disrupted by Assembly elections in November in Madhya Pradesh and Rajasthan.

 Outlook:

Demand remained subdued through January and the spurt usually seen in the fourth quarter was largely missing, due to extreme winter and fog across North India. As a result, prices have remained soft and dipped a bit in the last few days.

 Although volumes are expected to pick up in the coming days, the announcement of general elections and the imposition of the Model Code of Conduct may impact demand. Therefore, the Company is taking a cautious view of the fourth quarter.

 Though fuel prices have remained stable, it is feared that the escalating conflict in West Asia and Red Sea could lead to increase in pet coke prices due to higher freight cost.

 Jute Division:

Jute had a difficult quarter due to poor demand for value added goods, both in the domestic and overseas markets. The division reported a cash profit of Rs 1.38 crore in the December quarter against Rs 7.04 crore a year ago. However, the demand and pricing scenario are improving and it is expected that performance in the March quarter is going to be significantly better.

 Birla Corporation Limited is the flagship Company of the MP Birla Group. Incorporated as Birla Jute Manufacturing Company Limited in 1919, it was given shape by Syt MP Birla. The Company has interest in cement and jute goods. Its Birla Jute Mills is the first jute mill started by an Indian entrepreneur. The Company and its subsidiary, RCCPL Pvt Ltd, have 11 cement plants in eight locations across the country, with an annual installed capacity of 20 million tons. The Company produces an array of cement products, under the MP Birla Cement brand, suited to different climatic conditions as well as consumer segments. It also sells construction chemicals and wall putty.

Kolkata witnesses rise in Office Space

Kolkata: With 1.4 million square feet leased last year, demand for office space is at a nine-year high. Driven by strong tenant demand in all industries, the city saw the greatest level of office space sale in nine years in 2023—1.4 million square feet. The next-highest amount was leased in Kolkata in 2019 for 1.3 million square feet.

As per CBRE, the number of commercial real estate projects is expected to rise from 37% in 2022-23 to more than 40% in 2023-24. A lot of projects that had been delayed last year due to rising costs and other delays are in line to be finished by year-end and 2024, with several big-name developers behind them.

Significantly, demand and expansion have been propelled by the rise in transactions, particularly in outlying areas such as Rajarhat, Salt Lake Sector V, Topsia, and EM Bypass.

It must be noted that besides enterprises located in Kolkata, numerous national brands are also growing their corporate offices in the city, with a particular emphasis on the rapidly increasing startup and service sector companies searching for suitable space in the city.

Speaking on this, Mr B.P.Singh Roy, COO of Keventer Realty said, “As the modern office undergoes a transformative journey, Keventer Realty recognizes the pivotal role of open-concept workspaces, remote collaboration, and employee well-being. Embracing change is essential in shaping a dynamic and efficient work environment. We believe that by fostering collaboration, prioritizing technology, and emphasizing well-being, we not only enhance productivity but also redefine the very essence of work itself.”

Echoing similar lines, Mr Hemanshu Pathak COO of Keventer Realty, mentioned, “We recognize the pivotal role of space planning in shaping the modern office environment. Strategic design is not just about aesthetics; it’s a powerful lifestyle tool for optimizing collaboration, accommodating remote work, and prioritizing employee well-being. Keventer Realty is committed to innovative space planning that goes beyond physical layouts, creating environments that seamlessly integrate technology, foster teamwork, and adapt to the evolving needs of our workforce. Our approach ensures that our workspaces are not just places to work but dynamic hubs that inspire health, productivity, and innovation.”

ABID Exhibition 2024 To Celebrate Creativity of Interior design with the Theme Harmony in Design

Kolkata, 3rd February 2024: ABID Interiors 2024 International Architecture and Interior Design Expo, an exclusive architecture and design B2C exhibition was inaugurated today by Chief Guests Ms. Sussanne Khan, Celebrity Interior Designer and Ms. Ridhi Khosla Jalan, Premier Interior Design Influencer along with ABID President Kamlesh Agarwal at Milan Mela Fair Ground. This four-day expo will be thrown open to public from 2nd February, 2024 till 5th February, 2024. This year

abid

The exhibition curated by a team of dedicated talented designers, focuses on the world of aesthetics but not without functionality. This year over 200 stalls will be created by visionary designers that will set the trend in the interior world. Driven by a passion for creativity and a keen understanding of spatial dynamics, most of the stalls that encompass diverse domains have brought forth a collection that transcends all conventional boundaries. With the theme ‘Harmony in Design’– they are sure to be the talk of the town not just among the industry stalwarts but also for common people who take an interest in interiors, something that has been the aim of ABID Interiors since its inception.

The special attraction of this year is the Art exhibition and workshops that will be showcase various art forms of Bengal such as the Dokra Art, Mark Making art and others. Four special stalls will hold Cermic Workshop, the Dokra Workshop, the Mask Making Workshop and Print Making Workshop have been dedicated to this purpose where the visitors will get the opportunity to learn various art forms. There are also various life size Installations such as “The Life”, “Feelings”, “Generations by Generations” etc. to give a clear vison of design and art forms. A model sustainable Village has been set up to showcase crafted furniture and artifacts by underprivileged Artisan. Visitors can enjoy several art works at the Art Gallery of Eminent Artists and ABID members and also those of interiors students.

Mr. Kamlesh Agarwal said, “This is the only expo which houses top interior designing firms, companies but is also committed to promote the indigenous art and craft of Bengal. In an era of Environmental Consciousness, our designers have embraced sustainability without compromising on elegance.”

Vice-President Mr. Raja Sinha thanked the attendees and the participants stating, “We extend our heartfelt gratitude to the designers, whose unwavering dedication has made this exhibition an occasion.”