Archives April 2023

New Delhi, 11th April 2023: Today consumer perception has evolved with people investing by insuring their life and health. With changing lifestyles, it has become more than imperative for people to also invest in a sound sleep for good health. With this in mind, Magniflex India (Made in Italy), a luxury mattress company with a legacy of over 60 years, today launched – the Magniflex Investment Plan (MIP) on the occasion of World Health Day.

The strategic MIP by Magniflex aims to inspire the consumers of our country to invest in their health by opting for a high-tech & good quality mattress, which will take care of their spine and address other health issues like sleep deprivation. This can be availed through Magniflex’s interesting EMI options for across their category of products.

Speaking on the initiative, Mr. Anand Nichani, MD, Magniflex India said, “People have always invested in a variety of insurance schemes with a view to build their wealth and safeguard their future expenses on health. Today’s evolved consumers have realized the importance of investing in healthy living to avoid future health problems. Our EMI-based Magniflex Investment Plan aims to cater all our aspiring consumers who wish to invest in a good high-quality mattress to ensure having a sound & quality sleep.”

Sleep is a crucial element in our day-to-day existence that significantly affects both our physical and mental health. The issue of sleep deprivation has become widespread, and recent research has revealed that Indian adults have been experiencing sleep-related disorders since the onset of the pandemic. According to several studies, a substantial proportion of the population (37%) struggle to fall asleep, while 27% find it challenging to remain asleep. This erratic and hectic lifestyle along with sleep deprivation is leading to experiencing health issues such as back pain and other orthopedic problems.

People tend to invest more in their homes, luxury cars, world tours, and so on, while ignoring their most basic need, which is their health. Investment in health should not be jeopardized.

Our health is dependent on how much sleep we get. A good mattress can also help you get a good night’s sleep. Magniflex’s goal is to encourage people to begin investing in their health through the Magniflex Investment Plan (MIP).

Dehradun, April 11, 2023: ABP Ganga, the leading news channel of Uttar Pradesh and Uttrakhand, organized a successful music concert, NAAD, at Uttaranchal University of Dehradun. The event celebrated the music and culture of Uttarakhand and witnessed a massive turnout of more than 8000 music enthusiasts.

ABP Ganga’s NAAD brought together some of the most renowned names in Uttarakhand folk music and administration for a captivating mix of musical performances, engaging conversations, and insightful discussions. The event provided a platform to showcase the rich cultural heritage and musical brilliance of the region and the state.

The four-hour event featured top performers in Uttarakhand’s folk music heritage, including Jubin Nautiyal, Narendra Singh Negi, Pritam Bhartwan, Sangeeta Dhoundiyal, Kalpana Chauhan, Priyanka Mehar, Digvijay Singh Pariyar, Inder Arya, Jitendra Tomkyal and Pandavas – The Band. These legends and doyens of Uttarakhand’s folk music were joined by a new generation of artists who expressed themselves on a national stage while keeping their roots and heritage intact.

Pushkar Singh Dhami, Chief Minister of Uttarakhand, graced the event as a chief guest. His presence highlighted the government’s support for the event and its recognition of the importance of promoting Uttarakhand’s music and culture.

The event also featured a session with a panel of Uttarakhand bureaucrats who are active in the performing arts. These sessions provided insights into the role of music and culture in Uttarakhand’s development and showcased the state’s commitment to promoting its rich cultural heritage.

Overall, ABP Ganga’s NAAD was a resounding success, showcasing the best of Uttarakhand’s music & culture, and highlighting the state’s commitment to preserving and promoting its rich cultural heritage.

Witnessing the overwhelming response from the audience, ABP Ganga looks forward to organizing many more such events that celebrate the diverse cultures and traditions of India.

ABP Ganga’s ‘NAAD’ will be aired on ABP Ganga on 15th April from 5 pm to 8 pm.

As stated by ‘Bridging the Skills Gap – Towards an Equal Workplace’, a comprehensive research report by NTT DATA – a digital business and IT services leader, and NLB Services – leading technology and digital talent solutions provider, India contributes nearly 31.7% of the world’s total STEM graduates while cementing its position as one of the largest STEM job marketplaces in the world. The Indian women workforce (nearly 56%) to is gearing up for ambitious career opportunities.

The study surveyed a total sample size of 250 employers from different organizations of 12 sectors spread across 15 Tier-1 and Tier-2 cities. Furthermore, the study surveyed 500 women employees from organizations of various sizes, sectors, and cities.

As per the report, women employees in STEM look forward to certain work benefit expectations from employers. They expect prioritization of work-life balance, family-friendly policies, and an environment full of learning and development. Some of the key expectations are stated below:

1. Flexible/remote work policies – Flexible remote work policies can be particularly beneficial for women in STEM fields. These policies can help to address some of the challenges that women face in these fields, such as the lack of work-life balance, and difficulties of balancing family responsibilities with work commitments. 51% of women in STEM respondents of the survey showed keen interest in availing this work benefit from their employers. Both married and unmarried women have similar expectations for flexible/remote work policies.
2. Maternity/Paternity policies – Maternity and paternity policies are critical for supporting women in STEM fields who choose to start families. These policies can help to ensure that women can take the time they need to care for their newborns without sacrificing their careers or facing discrimination. 45% of women in STEM respondents of the survey showed keen interest in availing this work benefit from their employers. Of that, 61% of married women have a higher expectation for maternity and paternity policies.
3. Learning and development – Learning and development opportunities are important for women in the STEM field as they can help promote career advancement, increase confidence and skills, and provide networking opportunities. Organizations can help to promote gender equity in STEM and create a more inclusive workplace culture. Around 44% of women in STEM respondents of the survey showed keen interest in availing this work benefit from their employers. STEM courses/fields such as Computer Programming, Web Development, Analytics, AI and ML, Cybersecurity, and User Experience (UX) Design are most preferred by women.
4. Mentorship opportunities and innovation – Mentorship and innovation opportunities can be particularly valuable for women in STEM because they can help to address some of the challenges that women face in these fields, such as lack of representation, isolation, and difficulty advancing their careers. 44% of unmarried women employees in STEM have a higher expectation for Mentorship opportunities whereas 47% of them have a strong inclination towards innovation opportunities.

Mumbai, 11th April 2023: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for March’23 for the State of Maharashtra.

March’23 Retails

Commenting on how March’23 performed, FADA Maharashtra State Chairperson, Mr. Sachin Vasantrao Mahajan said, “The Maharashtra Auto retail industry witnessed a robust growth of close to 15% YoY. All the categories were in green except Tractors. 2-wheelers grew by 18%, 3-wheelers by a massive 68%, Passenger vehicle & Commercial vehicle grew by 7% & 5% respectively but for Tractors which saw a de-growth of 15%.”

The 2-Wheeler category witnessed a growth of 18% YoY but was down by 26% from its pre-covid levels. The diminished demand in rural markets has been a key factor.

The 3-wheeler segment achieved record-high retail sales by growing 68% YoY. This is mainly because of the extensive use of 3Wheelers in the last mile connectivity, but the sales numbers have not yet achieved the pre-covid numbers.

The Passenger Vehicle segment saw a growth of 7% YoY. Supply chain issues being under control & lot of festivities in the month kept the sales figures on the positive side.

The Commercial Vehicle category has also grown by growing 5% YoY. The continuous ongoing infrastructure development has been the key driver.

Also, the year-end discount bonanza & OBD price hike encouraged the pre-buying.”

The continuous unseasonal rains resulted in low output of Kharif as well as Rabi Crops which in turn directly impacted tractor sales in the State of Maharashtra, which saw a steep decline of 15% in tractor sales.”

Chart showing Vehicle Retail Data for March’23

Maharashtra Vehicle Retail Data for March’23

Source: FADA Research

All India Vehicle Retail Data for March’23

Source: FADA Research

Disclaimer:

1. The All India numbers above do not have figures from TS & LD.
2. Vehicle Retail Data has been collated as on 02.04.23 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,349 out of 1,435 RTOs.

Bengaluru, 11-04-2023 – The Institution of Engineering and Technology (IET) is inviting applications for the 7th edition of its prestigious IET India Scholarship Award which carries a combined prize money of Rs 10 Lakh. Open to students of all AICTE, UGC-approved and national institutes, the programme aims to reward and celebrate individual excellence and innovation among undergraduate engineering students in India. This is the largest national scholarship prize for undergraduate engineering students in the country.

The last date to apply is the 3rd of June, 2023.

Previous winners have gone on to join leading global companies like Apple, Boeing, Deloitte and MIT, and some have even become entrepreneurs themselves. Applying for the programme is the first step in a detailed 4-stage process which tests students on academic and technical parameters, as well as creativity, innovation and presentation skills.

Mr. Shekhar Sanyal, Director and Country Head, IET India, said, ” As we embrace a tech-driven future, it is more important than ever to nurture, recognize and inspire young engineering leaders of tomorrow. The IET India Scholarship Award is our commitment to championing individual excellence in engineering and technology. Having seen the tremendous response and high-quality levels of applicants last year, I am sure this year will be even better. I wish the applicants all the very best and look forward to new standards of creativity and innovation.”

The IET India Scholarship Award 2023 is led by a highly empowered and respected Advisory Committee, comprising academicians and corporate professionals of national repute who helped build a strong framework for the award. The committee is chaired by Prof. Abhijit Chakrabarti, Former Vice-Chancellor, of Jadavpur University, Kolkata, and Chairman of, IET India Scholarship Award Advisory Committee.

Echoing Mr Sanyal’s views, Prof. Chakrabarti said, “It gives me immense pleasure to announce the opening of the seventh edition of the IET India Scholarship Award. This scholarship provides a platform for undergraduate engineering students to showcase their abilities and innovation in front of industry stalwarts and academicians. We hope that through this program, we can inspire and empower undergraduate students to pursue excellence in engineering, as well as motivate these young minds to think about the role of technology in solving challenges that we face today.”

The award evaluation comprises four stages. The initial stage involves an online application where applicants are evaluated based on their academic, extra-curricular, outreach, and professional performance, with varying weights assigned to each category. In the second stage, shortlisted candidates are required to take an online test to have their proficiency and technical knowledge gauged in relevant subjects. The highest scoring 10% of students will be invited to take part in the in-person Regional Assessments at 5 regional centres where candidates present their technological solutions to region-specific challenges, to be evaluated by a panel of experts. The Regional winners then proceed to the 4th stage – National Finals – where the national winner will be awarded.

The previous edition of the award drew close to 29,000 entries, with the national and regional winners felicitated by Mr. Suresh Prabhu, Former Union Minister and 6-time Member of Parliament, at the IET India’s Future Tech Congress 2022. The programme aims to reward innovative thinking from the next crop of engineers entering the workforce and is part of a wide number of IET India initiatives focused on improving the quality of engineering in India.

New Delhi, 11th April 2023: Zee Delhi NCR Haryana, one of the most trusted Hindi News Channels catering to Delhi- NCR and Haryana, is celebrating its 1st anniversary today. Within a short span of time, the channel has become one of the leading news channels extensively reporting on politics, entertainment, sports, etc.

With the launch of Zee Delhi NCR Haryana on 10th April 2022, the channel has been focusing on reporting on-ground news happenings, especially in the Delhi/NCR/Gurgaon- Haryana region. In the year gone by, while the MCD elections took the centre stage, it has witnessed an increased viewership through marque shows like ‘Auto Reporter’, ‘Dilli Nukkad’, ‘Chunavi Chauraha’, and ‘MCD ka Mahasangram’. In addition to these exclusive programming, Zee Delhi-NCR Haryana was the first Hindi news channel that covered the rescue operations on the fire incident in Delhi’s Mundka area, the inside story on Tik Tok star and BJP leader Sonali Phogat’s death etc.

Mr.Abhay Ojha, CBO, ZMCL, highlighted “We are extremely thankful to the viewers of the Delhi-NCR Haryana for making Zee Delhi NCR Haryana channel one of the most-preferred Hindi news channels. Zee Delhi NCR Haryana will continue to be the voice of the wider population across the Delhi/NCR/Gurgaon regions. We, at ZEE Media, look forward to launching many such channels that can cover the niche segments of unnoticed regions/ markets and allow the local population of the respective regions to stay informed on a timely basis.”

Mr Anindya Khare, Marketing Head, ZMCL, further added, “It has been a roller-coaster ride for Zee Delhi-NCR Haryana team, exclusively covering impactful stories across the Delhi-NCR Haryana regions. The changing market demand in terms of content consumption and revenue-generating opportunities were assessed on a timely basis. This has helped our team to achieve maximum stakeholders’ engagement about branding strategies, unbiased news telecast, customizing shows that can explain the impact of latest happenings in Delhi –NCR Haryana etc.”

New Delhi, 11 April 2023: Servotech Power Systems Ltd., a leading player in the solar, EV charging and green power solutions space, announced the appointment of B. Tripati Patro as Senior Vice President – Operations. His appointment is one of the strategic steps that will help the company to achieve new benchmarks. Patrowill be leading all the operations of the Servotech’s manufacturing plant at Sonipat. Also, mentor staff members, ensure customer service performance, lead a cohesive team of senior managers in operations with consistent employee engagement across levels. Implementation & development of annual operating plans to ensure increased revenue & profits, considering cross-functional and digitization initiatives to strengthen the business will also become core responsibilities of his work profile.

Patro comprehends 33 years of rich experience across the Solar and Power Industry in sales, servicing, manufacturing, plant operations, training, quality assurance, Integrated Management Systems ,greenfield projects etc. Prior to his arrival at Servotech, he was in charge as Director – Li-Ion Operations at UTL Solar, CEO at Max Pacific Corporation, Head-Product Development & Certification Lab at Microtek International, General Manager – Plant Operations at Fuji Electric Chennai Plant , Operations Head at Emerson Network Power (Vertiv) and Vice
President at Numeric India (A Group Brand Legrand). After B.Tech in ECE, he did MBA from Pondicherry University and the Senior Management Programme from IIM, Calcutta. He is passionate about process excellence and gold medallist in QMS LA course. He has successfully completed the IRCA certified Lead Auditor (LA) course for QMS, EMS, OSHAS & ISMS.

Talking about his new role, Patro said, I am very excited to join the team ervotech, there is enough opportunity to contribute here as we have high ambitious goals and he will be a catalyst in the transformation of the manufacturing with kaizen-based lean manufacturing, zero defect products, on- time and in-tact deliveries to enhance the customer satisfaction. As a transformational coach I will build a winning team with the 4 important mantras (Founder mindset, Customer first, Quality first & Team first) so that the brand “SERVOTECH” will be most coveted brand in the world.

Commenting on the appointment, Raman Bhatia, Founder and Managing Director, of Servotech Power Systems, said, I am elated to have someone like Tripati Patro in the Servotech Team. His expertise in operations will help the company to grow and develop with renewed enthusiasm. I am confident about his potential of optimising growth and business through innovative ideas and visionary approach.”

As the summer comes knocking at our door – it’s time to swap out lingering cool-weather staples, making it the perfect moment to embrace cool, breezy, and sustainable silhouettes that will keep you comfortable all day long.

So, as the temperature increases — Fabindia has introduced a luxe comfort collection — Cotton Core. From everyday work wear to high-tea rendezvous, these breathable fabrics and easy colors make for a capsule closet must.

1. Cotton striped shirts: Cotton striped shirts available in subdued colors make for an excellent addition to your summer wardrobe. Pair them with cotton trousers or shorts, they are a sure shot keeper.

2. Floral cotton shirts: Inspired by nature, floral cotton shirts are all you need for your upcoming trips. Team them with a pair of shorts or easy linen trousers to complete your ensemble.

3. Traditionally crafted cotton shirts: For those who love exotic ethnic motifs these shirts are all you need this season. Pair them with cotton or linen trousers to instantly elevate your summer look.

4. Floral midi dresses: Made with love, these breezy floral midi dresses are the perfect pick for a brunch date or picnics. Team them with strappy flats and a straw hat to finish your summer look.

5. Hand-embroidered midi dresses: Celebrate the traditional crafts of India with the hand-embroidered midi dress that are perfect for this season. The elegant neck, dramatic sleeves and soothing colors make it hard to pass.

***
For questions or more information please contact:
Mansi Bhasin | 98738 70318
Vaishnavi Gupta | 9999142540

Hyderabad, April 10, 2023….. Speaking about periods openly is no more taboo, Mayor Gadwal Vijayalakshmi tells NBT Nagar, Govt High School for Girls.

Let us shun old ways of managing periods. You must change along with changing times. Use sanitary pads. Pay attention to personal hygiene. Periods are a natural and biological process. And every girl goes through this process. Pain is also attached to Periods. You must face it and you must also attend School, she said while addressing 100 plus girls of the school.

Earlier Gadwal Vijayalakshmi, the Mayor of Hyderabad inaugurated the Sanitary Pads Vending Machine and an Incinerator along with Ms. Ritu Shah, Chairperson of FICCI Ladies Organisation (FLO). Later she distributed pads to girls.

FLO under its ‘Sustain her health’ initiative donated both machines and pads. They will continue to provide pads free of cost for the benefit of the girls.

No one should skip school due to periods or periods related to pain, or uneasiness. Education is also equally important, said Ritu Shah while addressing the girls.

Later Dr. Sweta Agarwal spoke about menstrual hygiene, Physical Wellness, and Ms. Kanika Jain about Mental Wellness.

Dr. Sweta Agarwal told them to follow three rules of periods. One is to pay utmost importance to hygiene. Two always use sanitary pads. Three is to dispose of used pads hygienically.

No one needs to feel shy talking about periods. She asked them if they watched the Padman movie, and if not asked them to watch it. Please talk openly, she told them. She told them to eat such fruits which contain a lot of water such as Water Melon, Cucumber, etc.

Ms. Kanika Jain while talking about Mental Wellness I am sure you all are prone to menstrual-related stress, which is normal. You need to learn to cope with it, she told them. She suggested some home remedies. And asked them to use medicine when the pain becomes unbearable sometimes. She also told them to play outdoor sports to deal with stress.

Anita Headmistress of the school also participated in the function.

Gurgaon, 10th April 2023: Institutional investments in real estate remained strong during Q1 2023 at USD1.7 Bn, led by office sector, lending an optimistic outlook for the year. The office sector continued to drive the investment inflows accounting for 55% of the total inflows during the quarter, followed by residential sector at 22% share. Investment inflows in office sector rose by 41% YoY at USD0.9Bn, led by select large deals. Owing to the strong growth prospects in office sector, key institutional investors are entering into strategic partnerships to strengthen their presence and expand their office portfolio in India.

Investments from domestic investors rose 4X YoY during the quarter. Domestic investors remained committed towards residential assets during the quarter, despite higher lending rates. On the other hand, global investors remained inclined towards office and industrial assets, and dominated the total investment inflows at 76% share. Larger markets such as Delhi-NCR and Bengaluru attracted 1/3rd of the total investments during the quarter, led by increased activity in these markets. However, majority of the inflows (63%) were through multi-city deals.

City wise investment inflows (USD million)

Note:

The data has been compiled as per available information in the public domain

The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds.

“Indian real estate investment cycle is now transitioning into a phase to witness secondary market transactions and may see more institutional owners partially or fully divesting portfolios. In the coming quarters, we shall see some large quality assets traded in office and select logistics assets. The preference of India in developing Asia Pacific markets is getting stronger,” said Piyush Gupta, Managing Director, Capital Markets & Investment Services at Colliers India.

Investments inflows –

*Note: Alternate assets include data centres, life sciences, senior housing, holiday homes, student housing, etc.

Source: Colliers

“Global institutional investors’ appetite for office assets remains strong owing to India’s growing talent pool, digitization, enhanced transparency in deal structures and stable returns. Foreign investments accounted for about 93% of the total investments in office assets during Q1 2023. Led by increased opportunity, we are likely to see more collaborations to develop platforms for developing high quality Grade A office assets.” Vimal Nadar, Senior Director & Head of Research, Colliers India.

Investments in industrial assets surge; alternatives continue the momentum

Investment inflows in industrial assets witnessed a 20% YoY rise during Q1 2023 at USD216.3 mn, led by foreign investments. Industrial sector is witnessing consistent growth owing to increased opportunities in manufacturing, favourable government policies and growth in E-commerce, leading to a significant amount of investible assets in the region.  Along with core assets, investors also continued to allocate funds towards alternative assets and infused USD158.2 mn, 4X more than same period last year. Significant inflows in the alternatives wash led by a large deal in the hospitality sector. This portfolio diversification has enhanced the ability of many funds to grow their portfolios and remain resilient in these uncertain market conditions.