Archives October 2023

Bengaluru, 30th October 2023 : T A Pai Management Institute (TAPMI), in collaboration with Southampton Business School, UK, kickstarts two-day Global Leadership Conference 2023 at Manipal Academy of Higher Education (MAHE), Bangalore campus today. Focused on the theme “AI Powered Leadership: Navigating the Future of Business and Society”, the event saw participation from business leaders of corporate organisations. Dr. Ekroop Caur, Secretary, IT, BT and S&T, Government of Karnataka inaugurated the conference and delivered a keynote address on “The Impact of Artificial Intelligence on Governance”.

Talking about the importance of using AI for the benefit of the society at large, Dr. Ekroop Caur, said, “AI has become an integral part of our daily lives and the business world. It is reshaping industries, redefining leadership paradigms, and influencing society in profound ways. As we embrace AI in leadership, we must confront critical societal impacts. We must ensure that technology we harness aligns with our values, and promotes fairness, transparency, and accountability. It is also imperative for us to prepare our future talent pool for this technology and integrate it at an institute level. It’s thrilling to see B-schools like TAPMI embracing it at an early stage and initiating proactive conversations around adoption of AI.”

Prof Madhu Veeraraghavan, MAHE Pro VC, highlighted the need for a strong regulatory and ethical framework in harnessing AI for Social good. He said, “In the age of AI-powered future leadership, we must consider its societal impact and foster collaborations. Our world operates as a vast game of information and data, and there is a need for a strong regulatory and ethical framework to harness AI. With 8 billion carriers of natural intelligence, our approach should be humane, human-centric, and in alignment with the principles of Mother Nature.”

During the conference, TAPMI and Southampton Business School announced their partnership and signed a Memorandum of Agreement (MoA) for a unique program where TAPMI BBA (Honors) students will have the opportunity to pursue a one-year MSc at the University of Southampton and receive the MSc degree from SBS-UoS.

Prof Aditya, Dean TAPMI Bengaluru highlighted that the partnership with SBS will create an opportunity for TAPMI BBA ( Hons) Students for dual certification ( BBA from TAPMI and MS from SBS) in a 4 year time span.

Prof Stephan Onggo from University of Southampton Business Schoolsaid “ This agreement between TAPMI and SBS is the beginning of a bigger and stronger collaboration between the two institutions. I am very happy that we have reached this important milestone in our relationship. This stronger relationship benefits the students from both institutions and brings the two countries closer together.”

On the first day of the conference, TAPMI hosted various panel discussions on new-age technology, where experts from across industries deliberated on adoption of ONDC, generative AI, prepping future workforce for new-age tech and use of AI in various industries.

Mr Shireesh Jain from Chief Business Officer from ONDC elaborated that the network democratized E commerce opportunity, empowering millions of small retailers and service providers to generate incremental sales opportunities. The design of the network will connect buyers and sellers with an enabling ecosystem all at a very low transaction cost.

Speaking about the future of AI, Mr. Amit Nahat, Director of Content, Tata Digital said, “Gen AI holds tremendous promise in education, particularly in the early discovery phase. It’s a powerful tool for upskilling and offers a unique perspective on product design. However, it’s essential to refine the areas where elements were like AI hallucinations. It facilitates a personalized teaching experience, acting as a virtual assistant when students encounter challenges, allowing for personalized learning plans. But, as we move forward, we must be mindful of the ethical concerns surrounding the extent to which we may infringe on human intelligence. Gen AI is incredibly efficient, yet it’s crucial to remember that it’s not a one-size-fits-all solution.”

The discussions elaborated on the pivotal and disruptive nature of AI and how it could fundamentally change business, automation and decision making.

Mumbai, 30th October 2023: The luxury housing segment maintains a seemingly unstoppable growth curve in 2023, with overall sales rising steeply across the top 7 cities. Latest ANAROCK Research data finds that out of approx.- 3.49 lakh units sold in these cities in the first nine months of 2023, about 24% or approx. 84,400 units were luxury homes priced >INR 1.5 Cr.

In the same period of 2022, just 14% (approx. 39,300 units) of approx. 2.73 lakh units sold in same period of 2022 were in the luxury category. This denotes a steep 115% annual rise in the number of luxury units sold between January to September 2023 against the corresponding period in 2022.

Anuj Puri Anuj Puri, Chairman – ANAROCK Group, says, “MMR, NCR and Hyderabad out-performed the other cities in luxury housing sales in 9M 2023, with these three cities together accounting for approx. 63,390 units sold. In the same period in 2022, just 30,820 luxury homes – less than half of the current year’s 9-month tally – were sold in these three cities. Interestingly, none of the top 7 cities saw any deceleration in luxury housing sales. In fact, they all went into overdrive.”

Luxury Housing Sales across Top 7 Cities (Units)
Cities	9M 2023	9M 2022	% Y-o-Y Change
NCR	13,630	6,210	119%
MMR	36,130	20,820	74%
Bangalore	9,220	3,810	142%
Pune	6,850	2,350	191%
Hyderabad	13,630	3,790	260%
Chennai	3,330	1,370	143%
Kolkata	1,610	950	69%
Total	84,400	39,300	115%

Source: ANAROCK Research

 

• Hyderabad saw luxury housing sales increase by a whopping 260% in this period with approx. 13,630 units sold in 9M 2023, from approx. 3,790 units sold in 9M 2022. Approx. 44,220 homes across all budget categories were sold in the city in 9M 2023, with the luxury share at 31%.
• MMR saw luxury housing sales increase by 74% annually – from approx. 20,820 units in 9M 2022 to approx. 36,130 units in 9M 2023. The city saw approx. 1,11,280 units sold across all budget categories in 9M 2023, of which the luxury share was 32%.
• NCR saw luxury housing sales rise by 119% in this period – from approx. 6,210 units in 9M 2022 to approx. 13,630 units in 9M 2023. Approx. 49,480 units were sold in the region across all budget categories in 9M 2023, of which luxury accounted for 28%.
• Pune saw luxury housing sales increase by 191% annually – from approx. 2,350 units in 9M 2022 to approx. 6,850 units in 9M 2023. Approx. 63,480 units were sold in the city across all budget categories in 9M 2023, of which the share of luxury stood at just 11%.
• Bengaluru saw a 142% annual jump in luxury units sold – from approx. 3,810 units sold in 9M 2022 to approx. 9,220 units sold in 9M 2023. The city saw approx. 47,100 units sold across all budget categories in 9M 2023, of which the share of luxury stood at 20%.
• Chennai saw luxury housing sales rise by 143% in this period – from approx. 1,370 units in 9M 2022 to approx. 3,330 units in 9M 2023. Of approx. 16,310 units sold in the city across all budget categories in 9M 2023, luxury accounted for a 20% share.
• Kolkata saw luxury housing sales increase by 69% annually – from approx. 950 units sold in 9M 2022 to approx. 1,610 units in 9M 2023. Of approx. 17,280 units sold in the city across all budget categories in 9M 2023, luxury accounted for just 9%.

 

30th October 2023, Hyderabad: Music lovers gathered eagerly at The Hyderabad Public School in Begumpet to witness a magical ghazal concert by the renowned maestro Talat Aziz. The grand event presented by Jagirdars College & The Hyderabad Public School Old Students Association was part of the school’s year-long centenary celebrations and was made more special with the ghazal rendition from its stellar alumnus Mr. Talat Aziz.

The ghazal evening was filled with nostalgia and celebrations. It united individuals through their shared love for Ghazals and created lasting memories for everyone present.

For Talat Aziz Maestro, performing at his alma mater was more than just a typical event. It was a homecoming, a return to his roots. His joy and excitement were evident as he prepared to pour his heart into his performance for the school that had played a significant role in nurturing and shaping his life. On performing at HPS he said, “It is wonderful to be back to the place that shaped me as a person and educated me in multiple ways. It was as if I was here only yesterday filled with the joys of schooling under the watchful eyes of my dear teachers. I have been coming back here, and every visit is worth cherishing. It is great to see Hyderabad grow the way it has by leaps and bounds, and very nice to see HPS celebrating its hundred years. I wish you more success in the future.” He shared anecdotes from his school days giving the audience a glimpse into the artist’s formative years at HPS which added a personal touch to the evening.

The open-air theater, with a capacity of 2,000 enthusiastic audiences, was transformed into a realm of melodies and emotions for this musical spectacle. Talat Aziz began by singing some of his timeless Ghazals, each note infused with nostalgia. His voice resonated through the hearts of the audience, leaving them spellbound.

From the classics to his own compositions, the maestro had everyone swaying to his tunes. It was an evening that transcended time and transported the audience to a world of poetic beauty.

The Hyderabad Public School’s centenary celebrations were a tribute to the school’s remarkable journey over the past hundred years. Distinguished alumni who had achieved great success in various fields were honored, making it a truly momentous occasion. The two-hour concert was a beautiful blend of music and emotions, leaving an enduring mark on all those fortunate enough to be there.

Mumbai/Jaipur | 30th October 2023: The Board of Directors of AU Small Finance Bank Limited at its meeting held today, approved the financial results for the quarter ended September 30, 2023.

Executive Summary

Q2’FY24 domestic inflationary pressure was persistent, and the monsoon progress remained below the historical average for the month of August. This coupled with uncertain global macro situation ensured that the interest rates remained elevated, and the systemic liquidity continued to remain tight. Amidst this backdrop, the Bank once again delivered a stable quarter with growth seen across business parameters be it deposit mobilization, credit growth, acquisition and engagement in digital products and others. The Bank delivered a consistent performance and saw sustained growth in each of these metrices.

Bank has launched its new brand campaign “Soch Badlo aur Bank Bhi” continuing our “Badlaav Humse Hai” philosophy to bolster our brand and connect with our customers.

On World Sustainability Day, Bank had launched its first “Green Fixed Deposits” called “Planet First” to cater and support renewable and green projects and address climate change risks and reduce emissions. This product, rated by CRISIL, is compliant with RBI’s latest framework.

Performance at a glance (Q2’FY24):

Profitability

• Pre-provisioning operating profit (PPoP) for Q2’FY24 grew 30% YoY to ₹ 648 Crore compared to ₹ 499 Crore in Q2’FY23
• Net profit at ₹ 402 Crore in Q2’FY24 grew 17% YoY compared to ₹ 343 Crore in Q2’FY23
• Net Interest Income (NII) grew 15% YoY to ₹ 1,249 Crore compared to ₹ 1,083 Crore in Q2’FY23.
• Net Interest Margin (NIM) for Q2’FY24 stood at 5.5%
• The Return on Asset (ROA) and Return on Equity (ROE) stood at 1.7% and 13.9% respectively even as we continue to invest in digital, branding, products and distribution to build a future ready bank.
• Cost of funds rose by 12bps QoQ to 6.70% with average CoF for H1’FY24 at 6.64%
• CRAR was 22.4% and Tier I at 21.0% as on 30^th Sep’23

 

Deposits

• The total deposits crossed ₹ 75,000 Crore mark to reach ₹ 75,743 Crore compared to ₹ 58,335 Crore in Q2’FY23; Growth of 30% YoY and 9% QoQ
• CASA deposits increased by 4% YoY to ₹ 25,666 Crore compared to ₹ 24,674 Crore in Q2’FY23; CASA ratio stand at 34%
• Bank has hiked FD rates and SA rates up by 25 basis points in selective buckets during the quarter

Advances

• The Bank’s Gross advances grew by 24% YoY to ₹ 65,029 Crore in Q2’FY24 compared to ₹ 52,452 Crore in Q2’FY23; CD ratio at 85%
• Of the total advances, Vehicle Loan contributes 32% and Micro Business Loans (MBL), Home Loan as well as Commercial Banking Loans contribute 29%, 8% and 23% respectively
• Wheels and MBL (erstwhile SBL) portfolio (incl. securitized) crossed landmark of ₹25,000 Cr and ₹20,000 Cr respectively
• 88% of loan book is retail in nature and 91% remains secured

Asset Quality

• Bank’s asset quality stand (GNPA) at 1.91% in Q2’FY24 vs 1.90% in Q2’FY23. On a QoQ basis, GNPA increased 15 bps from 1.76% as on Q1’FY24. ~8bps of GNPA increase can be attributed to low base effect as we have securitised ₹2,922 Cr of loan assets in this quarter
• Net NPA stood at 0.60% of the Net advances in Q2’FY24
• Provisioning Coverage Ratio (PCR) remain stable at 69% (73% including technical write-off and floating provision)
• Bank is carrying ₹96 Cr of provisions against contingency and standard restructured book. Additionally, bank has Floating provision of 41 Cr

 

 

Payments and Digital Bank AU 0101

• Credit Card:

o   Crossed a milestone of 7 Lac live credit cards

o   Monthly spend now at ₹ 1,350 Crore in Sep 2023

o   Out of the total live credit cards, 72% cards have been issued to New to Bank (NTB) customers

 

• Video Banking:

o   Total deposits of customers onboarded via video banking channel stands at₹ 1,400 Crore+

o   90K service and engagement video calls received in Q2’FY24

o   Facilitated in opening 3.7 Lac+ CASA account and 2.3 Lac+ credit cards, since the launch

 

• AU 0101:

o   Share of digital transaction by our CASA customers remain stable at 98% in Q2’FY24. The consistently improving digital adoption has helped improve the Monthly Active Users (MAU) on our AU 0101 digital banking app

o   The customer base using our digital properties like AU 0101 increased to 24.2 Lac in Q2’FY24 from 14.3 Lac in Q2’FY23. Of these, 13.1 Lac customers have been availing services actively on monthly basis

• AU UPI QR:

o   ~1.1 Mn UPI QRs installed till Q2’FY24

o   Over ₹ 320 Crore worth of loans disbursed to the merchants using AU UPI QR by monitoring the transactions on the platform. Average ticket size of this loan has been ~₹ 2 Lacs

Network

• Keeping in line with our strategy to grow our distribution network, we have added 4 touchpoints during the quarter and for the full year, Bank plans to open 50+ touchpoints additionally
• We are now present in 21 states and 3 UTs with 1,042 physical touchpoints

Credit Rating

• CRISIL AA+/Stable for Fixed deposit program
• CRISIL AA/Stable for Tier 2 Bonds
• CRISIL A1+ for certificate of deposit program

 

 

H1’FY24 highlights

Profitability

• The Bank’s pre-provisioning operating profit (PPoP) for H1’FY24 grew 34% YoY to ₹ 1194 Crore compared to ₹ 893 Crore in H1’FY23. The net profit at ₹ 789 Crore in H1’FY24 grew 29% YoY compared to ₹ 610 Crore in H1’FY23
• The Bank’s Net Interest Income (NII) grew 21% YoY to ₹ 2,495 Crore compared to ₹ 2,059 Crore during H1’FY23.
• Net Interest Margin (NIM) for H1’FY24 stood at 5.6% compared to 6.0% in H1’FY23
• The Return on Asset (ROA) and Return on Equity (ROE) stood at 1.7% and 13.9% respectively

 

Other key updates

• Net worth of the Bank has now surpassed ₹ 11,750 Cr, a growth of 5x in ~5 years
• The Bank has expanded its presence and its physical network is now spread across 1,042 touchpoints as on September 30, 2023 across 21 states and 3 UTs
• All 3 rating agencies, CRISIL Ratings, CARE Ratings and India Ratings have rated the Bank as “AA/Stable”
• The Bank has tied-up with Max Life Insurance, Bajaj Alliance and Star Health Insurance as Bancassurance partner with a view to expand the Bank’s third-party product offering to our customers.
• On the CSR front, AU Ignite, the bank’s skills training academy, celebrated its fifth year of success, having imparted skills training to over 15,800 candidates with an impressive 78% record in providing placement assistance.

Awards and Recognitions

• AU Bank received “India’s Best Small Finance Bank 2021-22” by Financial Express Awards 2023.
• AU Bank won “Award of Excellence” by PFRDA for achieving 100% target in Atal Pension Yojana (APY).
• AU Bank was awarded “Most Impactful Women Employment Initiative of the Year” by Indian CSR Awards 2023 for “AU Udyogini” initiative.
• 

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “The global environment remains challenging with uncertainties around geo-politics, supply chain disruptions and inflation continuing to put persistent pressure on interest rates. The Indian economic environment looks strong and resilient and continues to provide a multitude of growth opportunities across various sectors. However, challenges around inflation, liquidity and disruptions in weather patterns remain, warranting caution as a lender and we remain watchful and responsive in calibrating our strategy.

 In this backdrop, our performance in Q2’FY24 was resilient and sustainable with growth across deposits, digital and advances. This resilience is further complemented by the positive outlook in AU markets, where there are promising prospects for growth and market penetration. Our key strategic focus is on building low-cost retail deposits, even in the current environment of elevated costs and intense competition. Our newely created ‘Swadesh Banking’ group is focused on furthering our financial inclusion strategy by penetrating deeper in rural India, where a significant unbanked population resides. Additionally, our new brand campaign “Soch Badlo aur Bank Bhi” will continue to establish a robust brand presence and foster top-of-mind recall. 

While being watchful, I am quite optimistic about the Indian economy in the long term and the banking sector looks poised for sustained period of growth. The business is excelling on all fronts, instilling great confidence in us to affirm our FY24 guidance set forth at the start of this fiscal year and we continue to focus on sustainable growth, aiming to further fortify our balance sheet.”

The Country’s largest power generator – NTPC Ltd., with a present group installed capacity of almost 74 GW, declared unaudited financial results for the Quarter and half years ending on 30th September on 28 October 2023.

NTPC Group generated 212 Billion Units in H1 FY24 as compared to 204 Billion Units in H1 FY23. NTPC’s standalone gross generation in H1 FY24 is 179 billion Units as compared to 176 Billion Units in the corresponding previous period.

NTPC Coal stations achieved a Plant Load Factor of 76.62% as against the National Average of 68.75 % during H1 FY24.

On a standalone basis, the Total Income of NTPC for H1 FY24 is ₹ 81,199 crore as against the corresponding previous period’s total income of ₹ 82,537 crore. Profit After Tax (PAT) for H1 FY24 is ₹ 7,951 crore as against ₹ 7,048 crore in H1 FY23, registering an increase of 13%. This increase is largely attributable to capacity addition and higher station availability.

On a consolidated basis, the Total Income of the group for H1 FY24 is ₹ 88,775 crore as against the corresponding previous period’s total income of ₹ 88,242 crore. Profit After Tax (PAT) of the group for H1 FY24 is ₹ 9,634 crore as against the corresponding previous period PAT of ₹ 7,396 crore, registering an increase of 30%.

The Board of Directors has approved First interim dividend for FY24 @ 22.5 % of paid-up share capital i.e. ₹2.25 per equity share of the face value of ₹10/- each.

Hyderabad: 30th October 2023: In order to usher in the festive fervor, Mercure Hyderabad KCP hosted an extravagant “Cake Mixing Ceremony”. The environment was filled with the sound of pre-Christmas songs and cheerful background music. Spreading the spirit of the festivities, the event brought together socialites, hotel associates, corporate guests, senior management and the in-house guests actively participating in the cake-mixing ceremony.

The event was held at the newly revamped terrace on the 12th floor of the hotel, overlooking beautiful Hussain Sagar Lake. A large table was set with candied ginger strips lining the bottom, and huge trays filled with fruit including glazed red cherries, tutti-frutti, black currants, dates, dried apricots & figs. These fruits along with spices like cardamom, cinnamon were used for the cake mixing. And of course, the all-important ‘spirit of the season’ in bottles, including wine, rum and whiskey etc., was flown in abundance to soak the fruit in. Guest were provided with gloves, aprons and Chef Caps. Everyone began mixing with a handful of fruits, ceremoniously dumped into the table. This delightful event served as a warm welcome to the upcoming Christmas and New Year celebrations, setting the stage for a season filled with good tidings and happiness.

Speaking on the occasion, Mr. Parag Shah, General Manager, Mercure Hyderabad KCP, said, “The Cake Mixing Ceremony has become a tradition at Mercure Hyderabad KCP, celebrated in a fun-filled atmosphere every year and we wanted to continue this tradition. The cake mixing ceremony is symbolic of all the good times ahead and starting the season of giving on a happy note cherishing the bond each team member shares with the other.” This is a great opportunity for us to bond with our guests and create memorable events at the property”.

Venus Industries has been the hallmark of excellence in hospitality supplies in India for over six decades. With a legacy spanning 63 years, Venus brings rich experience in manufacturing top-notch products for royalty and 5-star hotels worldwide. The company’s alliance with premium hotels such as The Oberoi, Hyatt, Taj Hotels, ITC, Shanri-La, and more is a testament to its outstanding quality and service.

Owing to their success in the hospitality sector, Venus Industries is happy to share the exclusive collection now for homeowners. Venus Industries, India’s leading designer and manufacturer of luxury homeware, tableware, flatware, holloware, and barware, proudly presents its most ambitious collection to date, promising an era of opulence and grandeur in Indian households. With a catalog of over 1600 exquisite products, each infused with aristocratic charm, the Royal 2023 Collection is a testament to the company’s dedication to bringing a touch of regal living to homes across India.

The main highlights of the Royal 2023 collection are, the majestic 3-tier fruit stand with an antique silver finish and glass trays, this stand lends palatial charm to living rooms. For lavish dinner parties, the gold and silver ice buckets keep drinks chilled in a resplendent style. The buckets come with leather handles for carrying convenience and make excellent barware. Inspired by royalty, the intricately designed Silver Enameled Peach Pooja Thali and the Crystal Aroma Candles create an aura of luxury and celebration that is worth the mention.

“The Royal 2023 Collection is a tribute to India’s rich heritage of craftsmanship and artistry,” said Mrs Seema Khurana, MD, Venus Industries. “We believe that every home should be a sanctuary of opulence, and this collection is a testament to our commitment to bringing aristocratic grandeur into the daily lives of our discerning clientele.”

The Royal 2023 Collection encompasses a wide range of meticulously crafted products, including fine bone China dinnerware, crystal glassware, intricately designed silverware, and opulent home decor. From elegantly hand-painted plates to intricately etched crystal wine glasses, every piece is designed to elevate the art of dining and home decor.

Venus Industries is proud to maintain its commitment to sustainable and ethical practices in the creation of its luxurious homeware. All materials used in the Royal 2023 Collection are responsibly sourced, and the manufacturing process adheres to the highest ethical and environmental standards, in line with the brand’s dedication to corporate responsibility.

“With the Royal 2023 Collection, we invite homeowners to transform their living spaces into havens of luxury and refinement,” said Mr. V. Khurana, MD at Venus Industries. “This collection is a true embodiment of our commitment to creating exceptional homeware and tableware that reflects India’s rich cultural heritage. Homeowners can find over 1600 products in the complete range across Venus Industries’ store at Basai or visit www.venusindustries.in . From statement furniture to dinner sets, barware, kitchenware, serve ware, and more, the new collection has something for every space and need, he added.

Mr. Khurana further added, “With this new range, it is our aim to make designer luxury more accessible to our patrons. Our partnerships with premium hotels allow us to understand fine living and reflect it within reach of Indian homes.”

Established in 1963 by Mr. J K Khurana, Venus Industries is a pioneering force in manufacturing exceptional homeware and tableware for the luxury hospitality industry in India and abroad. In a journey spanning over six decades, Venus has become synonymous with aristocratic living and royalty through its craft.

Thailand,30th October 2023 Going right down to the last corner of the last lap, Marc Marquez kept the crowd on the edge of their seats as he put it all on the line to snatch fourth place in true Marc Marquez fashion. Behind, Joan Mir authored one of his strongest comebacks to make up seven positions.

Saturday in Buriram was another intense day of MotoGP action as lap records fell from almost the first moment of the day. Marc Marquez triumphed through a hard-fought Q1 session to start the day in Thailand, joining the fight for the top 12 soon after. A best lap of 1’29.622 later in the session earned the eight-time World Champion eighth place on the grid for the day’s Sprint Race and Sunday’s Grand Prix. Starting just behind his brother, Alex Marquez, the #93 shot off the line and immediately began working his way forward.

Sitting comfortably in the group battling for the top five, Marquez saved himself and his tyre for the end of the race. Dropping as low as sixth place, Marquez dug deep and put it all on the line in the final two laps to pass Bezzecchi and enter into an intense battle with Aleix Espargaro for fourth place. As in 2019 with a World Championship on the line, it came down to the final corner and in repeat fashion Marquez got the crowd on their feet as he slipped ahead to seal fourth.

From 19th on the grid after a difficult Q1 session, Joan Mir was immediately in attack mode as he began to relentlessly march forward. Making up a handful of places in the first corners, his progress through the field was steady as he matched the lap times of the top ten. Crossing the line in 12th, the 2020 MotoGP World Champion finished seven places higher than he started. Content with the speed he showed, Mir is hoping to put his learning into action on Sunday and return to a point scoring finish.

Tomorrow’s main event, the Thai GP, is scheduled to start at 15:00 Local Time and will run over 26 laps.

Marc Marquez (Fourth)

“It was a really busy day today, it’s always like that when you go through Q1. The team did a really good job and we were able to improve, I could ride in a better way and made it to Q2. From starting on the third row we were able to stay in contact with the front group and we were able to put on a good show and have a fun race. The Sprint overall was much better than I expected, we made a good start and battled until the end. The last corner was the opposite of 2019, I attacked and made it stick instead of defending from someone else’s attack. It looks like I have the correct braking point at that corner!”

Joan Mir (12th)

“It was a harder day than I was expecting. Starting from 19th you have a lot to deal with and even when you have the speed like we had today, there’s still a lot of work to do. Finishing 12th is not bad, it was quite a real position and I think we need to be content with what’s been achieved today. My pace wasn’t for the top five, but certainly if we started ahead we could have been there in the points. Anyway, we learned some more about the bike and we will use this knowledge tomorrow.”

Thai GP – Sprint Race

 

Pos.	Rider	Num	Nation	Points	Team	Constructor	Time/Gap
1	MARTIN JORGE	89	SPA	12	Pramac Racing	Ducati	19’41.593
2	BINDER BRAD	33	RSA	9	Red Bull KTM Factory Racing	KTM	0.933
3	MARINI LUCA	10	ITA	7	Mooney VR46 Racing Team	Ducati	1.841
4	MARQUEZ MARC	93	SPA	6	Repsol Honda Team	Honda	3.503
5	ESPARGARO ALEIX	41	SPA	5	Aprilia Racing	Aprilia	3.581
6	BEZZECCHI MARCO	72	ITA	4	Mooney VR46 Racing Team	Ducati	4.029
7	BAGNAIA FRANCESCO	1	ITA	3	Ducati Lenovo Team	Ducati	4.121
8	MARQUEZ ALEX	73	SPA	2	Team Gresini Racing MotoGP	Ducati	6.727
9	ZARCO JOHANN	5	FRA	1	Pramac Racing	Ducati	7.323
10	MILLER JACK	43	AUS	0	Red Bull KTM Factory Racing	KTM	9.24
11	QUARTARARO FABIO	20	FRA	0	Monster Energy Yamaha MotoGP	Yamaha	9.339
12	MIR JOAN	36	SPA	0	Repsol Honda Team	Honda	10.356
13	BASTIANINI ENEA	23	ITA	0	Ducati Lenovo Team	Ducati	12.312
14	FERNANDEZ RAUL	25	SPA	0	RNF MotoGP Team	Aprilia	15.39
15	MORBIDELLI FRANCO	21	ITA	0	Monster Energy Yamaha MotoGP	Yamaha	15.535
16	ESPARGARO POL	44	SPA	0	Tech3 GASGAS Factory Racing	KTM	15.644
17	OLIVEIRA MIGUEL	88	POR	0	RNF MotoGP Team	Aprilia	17.753
18	VINALES MAVERICK	12	SPA	0	Aprilia Racing	Aprilia	22.675
19	NAKAGAMI TAKAAKI	30	JPN	0	LCR Honda	Honda	37.854
20	DI GIANNANTONIO FABIO	49	ITA	DNF	Team Gresini Racing MotoGP	Ducati	DNF
21	FERNANDEZ AUGUSTO	37	SPA	DNF	Tech3 GASGAS Factory Racing	KTM	DNF

 

Rider Standings

 

Pos.	Rider	Num	Nation	Points	Team	Constructor
1	BAGNAIA FRANCESCO	1	ITA	369	Ducati Lenovo Team	Ducati
2	MARTIN JORGE	89	SPA	351	Pramac Racing	Ducati
3	BEZZECCHI MARCO	72	ITA	297	Mooney VR46 Racing Team	Ducati
4	BINDER BRAD	33	RSA	233	Red Bull KTM Factory Racing	KTM
5	ESPARGARO ALEIX	41	SPA	190	Aprilia Racing	Aprilia
6	ZARCO JOHANN	5	FRA	188	Pramac Racing	Ducati
7	VINALES MAVERICK	12	SPA	170	Aprilia Racing	Aprilia
8

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Bangalore,30th October 2023 VS Credit Services Limited, one of India’s leading NBFCs, published its unaudited financial results for the quarter and half-year ended September 30, 2023, which reflect the Company’s robust growth and financial stability.

The NBFC reported a net profit after tax of Rs.252 Crore for H1 FY24. The Company’s AUM as of Sep’23 grew by 14% to Rs. 23,516 Crore as compared to Rs.20,602 Crore as of Mar’23. The Company reported a quarterly net profit after tax of Rs.134 Crore for Q2 FY24.

Q2 FY24 Results Summary:

• · Total Income was Rs.1,399 Crore for the quarter, a rise of 46% as compared to Q2 FY23
• · Net profit after tax for the quarter was Rs.134 Crore as compared to Rs.96 Crore in Q2 FY23, a growth of 40%

In the first half of FY24, credit demand continued to be strong aided by higher consumption and infrastructure outlay by the Government. During H1 FY24, TVS Credit’s business witnessed significant growth, led by the robust performance of Consumer Loans with a book growth of 59% compared to H1 FY23. The Company also added 20 Lakh new customers during H1 FY24, resulting in a total customer base exceeding 1.2 Crore. As part of the digital transformation initiatives, TVS Credit has also transitioned all applications onto the cloud platform, enhancing operational efficiency and performance.

With the festive season on the horizon, TVS Credit is set to unveil a range of special product schemes and exciting consumer promotions to help individuals fulfil their aspirations.

Delhi, 30th October 2023 – Madrid Software, a preeminent provider of education in data analytics, is thrilled to report that their Advanced Data Analytics program has increased by an astounding 200% by 2023. Their growth has been ascribed to steadfast dedication to providing their students with excellent placement options and high-quality education. Madrid Software’s exceptional growth has been attributed in large part to its commitment to providing project-based learning opportunities. Employers in the data analytics field particularly value the practical experience with Advanced Data Analytics programs to work on real-world projects.

About 400 students in 2022 and 1000 students in 2023 have been trained by Madrid Software Data Analytics. The notable surge in the number of students opting for Madrid Software is an indication towards the commitment offering the best learning environment in the data analytics domain. “We are overjoyed to witness our Advanced Data Analytics program’s explosive expansion in 2023. The industry’s response to Madrid Software’s commitment to preparing students for successful employment in data analytics has been extremely positive, according to the company’s founder, Amit Kataria.

The modern facilities of Madrid Software in Delhi, where the sessions will be hosted guarantee a supportive learning environment. Additionally, the courses offer flexibility to accommodate individual preferences by being available for both in-person and online attendance.

Madrid Software’s increasing popularity has fueled it with an excellent placement record. Their industry ties and career counseling services guarantee that students are equipped with highly sought-after skills and are well-prepared for the