Archives July 2023

Bangalore,3rd July 2023- The State Bank of India, the country’s largest lender, as part of the 68th Bank Day celebrations, launched its enhanced digital banking application, ‘YONO for Every Indian’ and Interoperable Cardless Cash Withdrawal (ICCW) facilities.

With ‘YONO for Every Indian’, now any Bank customer will have access to the UPI features like Scan and Pay, Pay by contacts, Request money, among others on YONO’s new avatar. This milestone upgrade further expands SBI’s commitment to providing inclusive and customer-centric digital banking services to every Indian citizen.

Since its launch in 2017, YONO, the digital face of the Bank, has emerged as one of the most trusted mobile banking apps in the country with over 6 Crore registered users. In FY23 itself, 64% or 78.60 Lakh savings accounts were acquired digitally through YONO. The upgraded version of the YONO app will empower customers of other banks to embark on the YONO journey, thereby encouraging them to become a part of the ever-growing SBI family.

With the rollout of the Interoperable Cardless Cash Withdrawal facility, both the customers of SBI and other banks can withdraw cash seamlessly from ICCW-enabled ATMs of any bank by using the ‘UPI QR Cash’ functionality. The transaction will be facilitated through a single-use dynamic QR code displayed on the ATM screen. Users can conveniently withdraw cash by employing the Scan and Pay feature available on their UPI application.

While the groundbreaking facility simplifies the cash withdrawal process, it also ensures enhanced security for customers. By eliminating the need to enter a PIN or physically handle a debit card, the ICCW facility minimizes the risks associated with shoulder surfing or card cloning. Customers can enjoy the benefits of instant cash withdrawal through a user-friendly and secure digital channel, offering them a hassle-free banking experience. As part of the bank’s commitment to delivering innovative and customer-centric solutions, SBI has been actively strengthening its digital platforms.

On this occasion, Shri Dinesh Khara, Chairman of the State Bank of India, said, “SBI is dedicated to offering cutting-edge digital banking solutions that empower every Indian with financial independence and convenience. The YONO app has been revamped, keeping in mind the expectations of our customers for a seamless and pleasant digital experience. This will further fulfill our goal of making the ‘YONO for Every Indian’ mission a reality.”

Chennai, 3rd July 2023 Indian Bank, launched new digital services under its ongoing digital transformation initiative “Project WAVE”. These new services were launched by Shri S.L Jain, MD & CEO, at Chennai, in the presence of Executive Directors of the Bank, Shri Imran Amin Siddiqui, Shri Mahesh Kumar Bajaj and Shri Ashutosh Choudhury, along with other Senior Officials of the Bank.

In collaboration with National E-Governance Services Limited (NeSL), electronic bank guarantee (e-BG) service has been introduced to reduce traditional paper-based processes. This will shorten the turn-around time of the BG issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes. Moreover, it replaces the need for physical stamp paper and physical signatures with digital stamping and e-signing and making the whole process entirely digital.

Customers who regularly file GST can avail 25% of the Annual turnover, as an overdraft cash credit facility without additional collateral security under the IND GST Advantage scheme. The Bank also rolled out facility to avail Pre-Approved Business Loan, an end-to-end digital journey, for eligible individuals and proprietor firms to cater to their business needs.

The newly launched digital vehicle loan product enables individual Customers of the Bank to get their dream vehicle with hassle–free loan processes. This facility will be available for loan value upto Rs. 25 Lakhs.

In the launch event, several other digital products such as Jewel loan- MSME – Branch Assisted for business needs upto Rs. 35 lakhs, Loan against Insurance – upto Rs.10 lakhs for endowment Insurance policy with SBI Life, fully digitalised Pre-Approved Credit card (ETB) application facility for Bank’s customers were also launched. Bank’s Chatbot – ‘ADYA’ has further been enhanced to accept cheque book request from customers.

Mumbai,3rd July 2023: Dr. Mazel Ampareen Lyngdoh, the Minister of Health and Welfare for Meghalaya, graced the 6th edition of The Economic Times’ Best Healthcare Brands 2023. Dr. Lyngdoh delivered the Chief Guest’s address, based on her role in spearheading initiatives that ensure accessibility and affordability of healthcare facilities at the grassroot level. The award ceremony was also attended by Shri Vishal Chauhan, Joint Secretary, Ministry of Health and Family Welfare, Government of India, Dr. K. Madan Gopal, National Health Systems Resource Centre, Ministry of Health & Family Welfare, Government of India, and several prominent figures from the healthcare industry.

Expressing her joy in addressing the esteemed congregation, the Minister of Health and Welfare Dr. Mazel Ampareen Lyngdoh said, “I commend ET Edge for organising the 6th edition of the Doctors Day Conclave. The networks that brought us here today will help us collaborate and share insights, demonstrate expertise, innovation, and compassion on a unique platform that is striving to shape the future of healthcare. Our healthcare sector has demonstrated remarkable resilience and adaptability, and the leaders in these sectors have recognised the importance of building robust and inclusive healthcare for everyone. The real change lies in our collective and collaborative strength. I am honored to witness this gathering of brilliant minds and dedicated professionals who are at the forefront of revolutionising healthcare in our country.”

Dr. Lyngdoh further added, “The state of Meghalaya has adopted a positive healthcare model that addresses the technical problems and the socio-economic determinants of its citizens. Our three-dimensional approach focuses on building not only the curative aspects of healthcare but more importantly the preventive and educational aspects. Through the Meghalaya Health and Insurance Scheme, our state is aiming to provide easy access to all segments of society to effective healthcare solutions. Meghalaya is one of the few states in India, that has a dedicated Early Childhood Development Mission, launched in 2021, aimed at enabling the state’s children to achieve their full potential by providing good healthcare, nutrition, and cognitive development opportunities during early childhood. Meghalaya is a young 51-year-old state and we will learn crucial lessons in these knowledge-sharing platforms.”

Highlighting the extraordinary efforts of healthcare workers, Dr. Lyngdoh expressed her admiration for their unwavering commitment. The Minister took the opportunity to acknowledge doctors’ relentless dedication and sacrifices, as well as their families’ unwavering support. Further reflecting on the pandemic’s impact, Dr. Lyngdoh emphasized the bravery and resilience displayed by healthcare professionals.

The award ceremony also included a thought-provoking panel discussion on the topic of achieving wellness through value-based care, with an emphasis on key elements like innovation, technology, and therapeutics, better and less expensive treatments, utilizing data and AI for improvement and optimization, and challenges and barriers to implementing value-based care, such as data privacy concerns, financial constraints, and resistance to change.

Mumbai,3rd July 2023: NTPC Ltd., India’s leading integrated power producer, has reported a substantial growth of 99% in coal production from its captive mines during the first quarter of the fiscal year 2024, as compared to the corresponding period in the previous year. The company achieved an impressive coal production of 8.48 million metric tonnes (MMT) during Q1 FY24, as compared to 4.27 MMT in Q1 FY23.

In addition, NTPC has also achieved a coal despatch of 8.82 MMT in Q1 FY24, marking a significant 112% increase over the previous year for the same period. This outstanding performance reflects NTPC’s relentless commitment to enhancing coal production from its captive mines and ensuring efficient supply to meet the nation’s energy needs.

To achieve sustained growth in coal production, NTPC has implemented a range of strategies and technologies. These include the adoption of rigorous safety measures, improved mine planning, equipment automation, workforce training, and the implementation of continuous monitoring and analysis systems. These initiatives have played a vital role in optimizing operations, enhancing productivity, and ensuring the safety of the workforce.

NTPC remains committed to delivering reliable and sustainable power to the nation. This remarkable growth in coal production and despatch is a testament to NTPC’s dedication to operational excellence and its contribution to meeting India’s energy demands. The company will continue to explore innovative technologies and sustainable practices to further enhance its performance and support the nation’s energy goals.

NTPC Ltd. is India’s largest integrated power utility, contributing 1/4th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

New Delhi, 3rd July 2023: Punjab National Bank (PNB), nation’s leading public sector bank, has partnered with Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMFL), better known as “AMUL” to offer financial services to Federation’s supply network pan India under the MUDRA scheme. An MoU to this effect was signed between PNB and GCMMFL (Amul) on July 1st, 2023 at PNB’s corporate office at Dwarka, New Delhi in the august presence of Sri Jayen Mehta, MD, GCMMFL, Sri M. Paramasivam, Executive Director, PNB, Sri Sunil Kumar Chugh, CGM (PNB), Sri Sunil Goyal, CGM (PNB), Sri Atul Agarwal, SGM & CFO, GCMMFL and other senior officials of PNB and Amul.

Via small ticket financing under MUDRA, the Bank will be financing Amul’s Retailers, Wholesale Dealers/Area Milk Distributors and exclusive AMUL Preferred Outlets-Milk Parlours. Other services include, integrating various digital channels like QR Codes, POS, UPI, etc., Supply Chain Finance and EMI collection digitally; providing working capital limits and more. By the association both the partners are aiming to provide support to more than 11 Lakh Retailers, Wholesale Dealers, etc.

Sharing his thoughts on the partnership, Sri M. Paramasivam, ED, PNB said, “We are happy to be partnering with one of India’s largest food product marketing organizations. This association will not only accelerate Amul’s supply chain but also, open unique opportunities for the Bank by expanding its customer base.

Speaking on the occasion, Sri Jayen Mehta, MD, GCMMFL (Amul) hailed the tie-up as a milestone that will help both Amul and PNB in creating more employment and livelihood in the country. He also expressed that this association will cater to the whole value chain of Amul in the long run, starting from cows to consumers and create win-win opportunities for all stakeholders.

As PNB continues to explore newer associations and innovation towards the growth of nation’s economy, the Bank will continue to offer accessible and digitally empowered solutions to both its partners and customers.

Gurugram,3rd July 2023 Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 5832 units for the month of June 2023. Domestic wholesales stood at 2552 units, while export wholesales stood at 3280 units.

Rakesh Srivastava, Managing Director, Nissan Motor India, commented, “During Q1 of this fiscal we announced the launch of the Nissan Magnite GEZA Special Edition which marked the 100,000 Magnite rollout milestone. The Magnite Geza Special Edition is the first among many product interventions planned this year, and with the onset of normal monsoons, high single digit GDP growth and positive consumer sentiment, we confident of delivering strong value to our customers”

The Big, Bold and Beautiful, Nissan Magnite recently achieved a significant milestone with the 100000th Magnite produced at the Alliance plant in Chennai. The best-selling Nissan Magnite is now offered across 16 variants where the base model of Magnite is the XE and the top variant Nissan Magnite is the Turbo CVT XV Premium (O). Nissan Magnite’s competitive pricing and unmatched value proposition makes it a formidable choice in the BSUV segment.

Nissan recently introduced the Nissan Magnite GEZA Special Edition, at a starting price of INR 7,39,000 (ex-showroom, Delhi). The Magnite GEZA offers a compelling combination of an advanced infotainment system, power packed performance, advanced features and safety enhancements that will redefine journeys for the discerning Indian customer.

The Nissan Magnite has achieved a 4-Star Safety Rating for Adult Occupant Safety from Global NCAP offering the best safety standards within its segment. Nissan has recently enhanced the Magnite by introducing additional safety features across all variants, in addition to transitioning to BS6 Phase 2, increasing its value. These safety features include, Electronic Stability Programme (ESP), Traction Control System (TCS), Hill Start Assist (HSA) and Tyre Pressure Monitoring System (TPMS).

The Big, Bold and Beautiful Nissan Magnite is exported to 15 global markets, with its most recent launches in Seychelles, Bangladesh, Uganda, and Brunei. In recent years, Nissan India has shifted its primary export market from Europe to Middle Eastern countries such as Saudi Arabia, the United Arab Emirates, Oman, Qatar, Bahrain, and Kuwait.

WoodenStreet, a leading online furniture store, is thrilled to announce its participation in HGHIndia 2023, one of the country’s most prominent trade shows for home textiles, home decor, and housewares.

The company is delighted to showcase its premium collection of home furniture, decor &furnishings at HGHIndia 2023, from 4th to 7th July 2023 at the Bombay Exhibition Centre, Goregaon (E).

HGH India, renowned for showcasing the latest trends and innovations in the home and lifestyle industry, and provides a platform for businesses to connect with industry experts and potential customers. It is India’s most popular bi-annual trade show for home textiles, home furniture, home décor, houseware and gifts.

WoodenStreet is excited to be a part of this esteemed event, showcasing its exceptional range of furniture & home décor segments.

The company’s show stealer will be the newly launched Veda Collection, that includes premium quality furniture items.

Lokendra Ranawat, CEO, WoodenStreet, said, “Participating in HGHIndia 2023 is a fantastic opportunity for WoodenStreet to connect with design enthusiasts, industry professionals, and potential customers. We are excited to showcase our exquisite wooden furniture collection that reflects our dedication to craftsmanship and design excellence. We look forward to engaging with visitors, discussing their needs, and providing them with the perfect furniture solutions for their homes.”

Starting in 2015, WoodenStreet has 8 years of experience in delivering exceptional craftsmanship, design excellence, and unparalleled customer satisfaction. With a diverse range of 30k+ home furniture, décor & furnishing solutions, WoodenStreet has catered to 1 million+ satisfied customers across India.

With a commitment to superior design and exceptional durability, WoodenStreet aims to provide customers with furniture that elevates their living spaces.

Event Details:
HGH India 2023
Dates : 4th – 7th July 2023
Venue: Bombay Exhibition Centre, Goregaon (E)
Booth: B50/C01(A)
Hall No. :3

Kolkata, 3rd July 2023: The Institute of Chartered Accountants of India (ICAI) proudly celebrates its 75th Chartered Accountants’ Day, marking its establishment on July 1, 1949. This significant occasion aligns with the nationwide celebration of Doctors’ Day, recognising the vital roles and responsibilities both professions hold in society. Chartered Accountants are often regarded as the doctors of financial health, underscoring their crucial contribution to the well-being of businesses and the economy.

Embracing the spirit of nation-building, The Institute of Chartered Accountants of India actively engages professionals, stakeholders, and the public at large to participate in various programs across the country. These initiatives aim to foster growth, and development, and contribute to the overall progress of the nation.

This year’s celebration coincides with the yearlong nationwide observance of “Azadi Ka Amrit Mahotsav,” commemorating 75 years of India’s Independence. To mark this milestone, a diverse range of activities has been organized throughout the country. These include Financial and Tax literacy drives through Jan Jagrukta Abhiyaan, promoting sustainability through widespread tree plantation, conducting blood donation camps, engaging in corporate social responsibility efforts, and much more.

Established by an Act of Parliament in 1949, the Institute of Chartered Accountants of India (ICAI) is a statutory body responsible for regulating the profession of Chartered Accountancy in India. With unwavering commitment, ICAI upholds the principles of accountability, integrity, and transparency, championing their application in every aspect of the country’s economic system.

As a dedicated partner in nation-building, the Eastern India Regional Council of ICAI takes great pride and enthusiasm in organising the “Iconic Day” event on July 1, 2023, to commemorate the Institute’s 75th Foundation Day. The festivities began with the hoisting of the CA Flag at the Institute Premises on Russell Street, Kolkata, led by CA. Debayan Patra, Chairman of the Eastern Region, alongside the esteemed members of the Eastern India Regional Council. The celebration further included planting 75 saplings, a cleanliness drive as part of Swacch Bharat Abhiyan, an investor awareness program, and blood donation camps.

Nagpur(S.N)-Aortic valve of a 67-year-old patient had failed and this was developing cardiac complications. Open heart surgery was the option before him to replace the valve. However, now all state-of-the-art medical facilities are available in Nagpur too, ‘Transcatheter Aortic Valve Replacement’ (TAVI) is an option to replace the valve without surgery. At Wockhardt Hospitals Internationally renowned cardiologist Dr. Anmol Sonawane completed this process on patient. Dr. Anmol Sonawane was assisted by cardiologists Dr. Nitin Tiwari, Dr. Amey Beedkar, Cardiovascular Surgeon Dr. Sumit Pathak, Anesthetist Dr. Pankaj’s team .

Open heart surgery was a risk for the patient , as the patient had comorbidities like hypertension, kidney problems. In such cases ‘Transcatheter Aortic Valve Replacement’ is the only option. If the aortic valve fails, the patient’s quality of life may be less than that of cancer patients and the risk of sudden cardiac arrest increases. The patient also took a decision to undergo a valve replacement procedure without delay. Now the condition of the patient is good and the blood supply is normal.

In Transcatheter Aortic Valve Replacement, just like angiography and angioplasty, a tube (catheter) is passed from the arm through a blood vessel to the heart. With help of a pacemaker the heart beats are increased up to 250 beats per minute. Once the heart is stabilized, a valve is opened in the heart, guided by an artificial catheter. Once the patient stabilizes over time, the catheter is removed. What is special about this is that patient does not need anesthesia to perform this surgery. This procedure can be done while the patient is conscious. There is no risk of bleeding as there is no need to make an incision. The patient is discharged from the hospital in three-four days.

For patients who are at risk of open heart surgery, this treatment is effective. Wockhardt Hospital has all specialist doctors and a well-equipped intensive care unit to enable this procedure. Such procedures are now possible in Nagpur, the patient do not have to go to other places for treatment. Apart from this, it is observed that patients from outside are flocking to Nagpur to undergo this procedure. Hence, Nagpur is being called as a medical hub.

Hyderabad, 3rd July 2023..Federation of Telangana Chambers of Commerce and Industry (FTCCI), the 106-year-old and one of India’s most dynamic regional chambers today announced 22 winners of the FTCCI Excellence Awards.

Mr Anil Agarwal, President-FTCCI; Mr Arun Luharuka, Chairman, FTCCI Excellence Awards Committee; Mr Meela Jayadev, Sr. Vice President and Mr Suresh Kumar Singhal, Vice President disclosing the list of award winners in a media meet held at Federation House on Saturday.

The winners are Excellence in Industrial Productivity–Vasant Too Crafts; Excellence in All Round Performance –Mahindra & Mahindra; Excellence in Agro-Based Industry–Karan Spices; Excellence in Marketing Innovation–Kloudportal Technology Solutions Pvt. Ltd; Excellence in Export Performance–Nava Limited; Excellence in Export Performance (MSE)–Hans Products; Excellence in New & Renewable Energy Development/Application–Windstream Energy Technologies India Pvt. Ltd; Excellence in Employees Welfare Initiatives–NCL Industries Ltd; Excellence in Corporate Social Responsibility–My Home Industries Pvt. Ltd; Excellence in Product Innovation—Shivnarayan Jewellers Pvt. Ltd; Excellence in Product (MSE)–HC Robotics Pvt. Ltd; Excellence in Innovative Product/Service in Healthcare with Highest Impact–Relysis Medical Devices; Excellence in Research & Development (MSE)–Motion Dynamic Pvt. Ltd; Outstanding Contribution to the Aerospace and Defence Industry–MQS Technologies Pvt. Ltd; Excellence in Information Technology—The Adarsh Co-operative Urban Bank Ltd; Excellence in Tourism Promotion–Usha Kiran Movies(Ramoji Film City); Excellence in Association/Chamber for Serving Industry, Commerce and Economy–Telangana and Andhra Pradesh Plastic Manufacturers Association; Excellence in Science or Engineering–Dr. Nayani Kishore Nath; Outstanding Women Entrepreneur–Mrs. Garima Bhargava, Director, Ammonia & Chemicals Pvt. Ltd; Outstanding Self-Sustaining Effort by a Differently SAbled Person–Harmehar Kaur Grewal; Excellence in Social Welfare Initiatives for Women Empowerment–Cheyuta Foundation(NG0) and Best Start-up of the Year–Smart Check.

While nominations were called in 23 categories, nominations were received only in 22 categories. No nomination was received in Excellence in Research & Development category. FTCCI used to give awards in 22 categories until now. But this year it introduced a new category called Best Start-up of the Year.

These awards will be presented to the winners in a glittering function to be held at HICC on 3rd July by Mr, K. T. Rama Rao, Minister for Industries and IT. Mr Jayesh Ranjan, Principal Secretary; Mr. Anil Kumar Chalamalasetty, Chief Executive and MD of Greenko Group will be guests of honour.

The Jury divided into six groups and selected the winners. They Panel of Jury include Sri Ajay Misra, IAS. (Retd); Sri R Ravi Kumar Whole-time Director, Motion Dynamic Pvt. Ltd; C Shekar Reddy, Past National President, CREDAI; Sri Srinivas Garimella, Director, Vega Conveyors & Automation Ltd; Sri Vikas Raj, IAS, Chief Electoral Officer & Principal Secretary-Government of Telangana; Sri K. Harischandra Prasad, Past President, FTCCI; Prof. Abhirama Krishna, Director General, Badruka Group of Institutions; Sri Koteswara Rao SSR., Past-President, FTCCI; Sri Prakash Chandra Garg, Managing Committee Member, FTCCI; Hon’ble Justice Sri S. Govindarajulu, Retd. Judge, High Court of Andhra Pradesh; Sri S. Thirumalai, Past-President – FTCCI; Dr Nirmalya Bagchi, Director General (I/c), Administrative Staff College of India; Sri V.S. Raju, Past President, FTCCI; Sri C.V. Anirudh Rao, CVSV Agritech & Exim Ltd; Dr M. Gopala Krishna, IAS. (Retd.); Sri Shekhar Agarwal, Past President, FTCCI; Ms. Rakhi Kankaria, MC Member, FTCCI, Sri Shiv Kumar Rungta, Past President, FTCCI; Sri Ramakanth Inani, Past President, FTCCI; Hon’ble Justice Sri Ch. Kodanda Ram, Retd. Judge, High Court of Telangana & Andhra Pradesh; Sri K K Maheshwari, CIL Securities Ltd., Managing Director; Sri K. Mohan Raidu, Informatics India; Sri Meela Sanjay, Sudhakar Marketing Agencies P. Ltd.; CA. Sudhir V. S. Hiregange & Associates; Dr Surendra Kumar, Former Director & Senior Scientist, ARDE, DRDO; Sri P. Krishna, Director, Eqic Dies & Moulds Engineers P. Ltd.; Sri D. Sunil Reddy, Mg. Director, Dodla Dairy Limited and CA. Naresh Chandra Gelli V., Chartered Accountant

The 22 winners were chosen from 150 entries received.

Speaking on the occasion Anil Agarwal, President of FTCCI said these awards are different from the rest as they are given by the apex body of trade, unlike individuals or organisations. Hence, are highly sought after and respected.

Sri Mr Arun Luharuka, FTCCI Excellence Awards Committee Chairman said the companies known for quality and high production and whose contribution is significant to GDP etc were some of the considerations for choosing the winners.