Archives November 2023

4th November 2023: Khadim India, the homegrown second-largest retail footwear brand launches the Diwali campaign, ‘Dil Mein Diwali Pairon Mein Khadim’ to celebrate the joyous festival in this market. The campaign highlights the festive collection of the brand designed for the entire family to celebrate the festival of lights. Furthermore to add on to the festivity the brand is also offering attractive offers for its consumers to enjoy.

The campaign reassures its users that their beloved footwear brand is a one-stop destination for fashion footwear and accessories for all. The brand has launched its festive range of footwear under the primary brand Khadim and its sub-brands British Walkers, Lazard, Turk, Sharon, Cleo, Softtouch, PRO, Bonito & Adriana. Also have introduced in-store offers for consumers on purchases of Rs.1000 & above.

The campaign ‘Dil Mein Diwali Pairon Mein Khadim’ is specifically curated for this market. The festive range launched is best in quality and available in a right budget that will complement any festive attire. Consumers can take their pick from across the range for the entire family.

The campaign has been brought to life through a number of elements Print Campaign, Movie Theatre Ads, OOH, In-Store communication and digital promotions.

Bengaluru; 4th November 2023: – Pantaloons, India’s leading fashion brand from Aditya Birla Fashion and Retail Ltd., in a historic step towards transforming the fashion retail environment, announced the grand launch of its very first Pantaloons OnLoop store in JP Nagar, Bengaluru today.

Pantaloons OnLoop is a playful, distinctive, technology-first experiential store, designed for the young and modern customer who is seeking fun and excitement in all they do.

The new store spread over a sprawling 70,000 sq. ft. is a sensory feast, offering experiences beyond fashion, with a spectrum of 50+ fashion brands across categories of Apparel, Footwear, Watches, Sunglasses, Cosmetics, Bags and more. The store will house renowned ethnic wear brands Tasva, and Jaypore alongside Pantaloons exclusive brands like Rangmanch, Akkriti, Indus Route etc. Also, present are iconic sportswear classics such as Puma and Skechers, alongside brands like GIVA, Korean skincare brand Quench, all under one roof, guaranteeing a fashion-first experience. The store also hosts the first Coco Leni eyewear store in Bengaluru.

Smart Trial Rooms, Endless Aisle, and a Customisation zone with heat transfer technology as well as options like embroidered badges, customized bag tags & more, elevate the shopping experience, allowing for seamless browsing and trying on your favorite ensembles.

Commenting on the launch of the new concept, Sangeeta Pendurkar, CEO, Pantaloons, Style Up and Marigold Lane said, “Pantaloons has over the years become a fashion playground for the young modern shopper. Taking this to the next level, I am delighted to introduce Pantaloons OnLoop as the ‘go-to’ destination for the Gen Z, seeking all things lifestyle and fashion. Envisioned as a theatre of imagination, Pantaloons OnLoop offers the customer an unparalleled shopping experience.”

Mumbai, 4th Nov, 2023: Thermo Fisher Scientific in India has once again been recognized with two prestigious awards, strengthening its position as a leading workplace in the country. The company has been certified as a Great Place to Work by the Great Place to Work Institute for the fifth consecutive year and ranked among the 100 Best Companies for Women in India for the second year in a row by Avtar and Seramount.

These recognitions demonstrate Thermo Fisher’s dedication to fostering a people-centric culture and implementing policies and practices that enable employees to build rewarding careers while delivering excellence to customers.

“As a purpose-driven organization we have an important role to play in supporting our customers, colleagues and communities. I am immensely proud that we continue to remain deeply rooted in our culture defined by our values while delivering on our commitments,” said Amit Chopra, Managing Director, India and South Asia, Thermo Fisher Scientific. “We take pride in nurturing a workplace that recognizes our colleagues as our greatest assets and championing a culture where unique perspectives are respected.”

Great Place To Work® is a renowned global authority on workplace culture that partners with more than 1,400 organizations annually across 22 industries in the country to help them build High-Trust, High-Performance Cultures designed to deliver sustained business results.

As a part of the comprehensive assessment process, Great Place To Work evaluated Thermo Fisher on various factors that included credibility, fairness, respect and camaraderie, among others, to measure employee satisfaction.

Further, Thermo Fisher’s inclusion in the top 100 Best Companies for Women India list, out of more than 350 companies across various industries, reinforces the company’s commitment to upholding equal opportunities and diversity.

The study slated as India’s most comprehensive gender analytics exercise was conducted by Avtar, India’s premier Diversity, Equity, & Inclusion solutions firm along with Seramount, a strategic professional services and research firm dedicated to supporting high-performing, inclusive workplaces.

Bangalore, 4th Nov 2023 — CarePal Group, a prominent name in India offering integrated healthcare financing solutions, is proud to announce the appointment of Pankaj Nawani as the Chief Executive Officer of ‘CarePal Secure,’ the company’s integrated health protection marketplace.

With a robust and extensive 16-year background in the finance and insurance sector, Pankaj Nawani brings a wealth of experience to his new role. Pankaj joined CarePal Secure as the Chief Business Officer last year, having previously held key positions at prestigious organizations such as Standard Chartered Research & Technology, Max Life Insurance Company Ltd, Bajaj Finserv, and Polaris Software Labs.

“India faces a pressing healthcare financing challenge, with an annual gap of $72 billion attributed to high out-of-pocket expenses. The out-of-pocket expenditure (OOPE) in India stands at a staggering 62%, which is three times the global average. Under the guidance of Pankaj Nawani, CarePal Secure is poised to emerge as a comprehensive integrated health protection marketplace, delivering tailor-made solutions to address the escalating healthcare expenses in India. In his new role, Pankaj will spearhead the overall business and strategic direction of CarePal Secure,” said Piyush Jain, Co-Founder and CEO, CarePal Group.

Khushboo Jain, Co-Founder and COO of CarePal Group, said, “Pankaj brings a wealth of experience and a proven track record in the healthcare and insurance industry. His visionary leadership will be instrumental in driving CarePal Secure’s mission to revolutionize healthcare insurance and protection. Together, we are committed to providing innovative solutions that empower individuals and families to take charge of their well-being.”

“India’s out-of-pocket healthcare expenses are among the highest globally, causing financial distress to many. We believe that healthcare financing and protection represent a significant business and social responsibility in India today. We intend to build an ecosystem combining insurance, fintech, and health tech along with Carepal’s extensive hospital partnerships to make a full spectrum solution available in the country,” said Pankaj Nawani.

In its inaugural year, CarePal Secure successfully served over 10,000 customers, a milestone that quickly surged to an impressive 30,000 within the following six months. Demonstrating their commitment to enhancing their offerings, CarePal Secure aspires to serve approximately 50,000 customers within the current financial year.

Mumbai, Friday, 4th November 2023: The key highlights of the unaudited consolidated financial results for the second quarter ending September 30, 2023, as declared by the Company on 02 November, 2023, are listed below:

(All amounts represented in the table are in Rs Crores)

 BUSINESS AND FINANCIAL PERFORMANCE HIGHLIGHTS

During the quarter, the Exchange recorded a trading volume of 26.53 BU, an increase from 23.12 BU in Q2 FY’23, marking a growth of 15% YoY. This volume includes 24.07 BU from the conventional power market and 747.64 MU from the Green Market segment. The Exchange also traded 13.91 lakh Renewable Energy Certificates (REC), equivalent to 1391 MU, and 2.79 lakh ESCerts, equivalent to 279 MU.

On a consolidated basis, the revenue for Q2 FY24 saw a YoY increase of 17%, rising from Rs. 113.8 Cr. in Q2 FY23 to Rs. 133 Cr. in Q2 FY24. The PAT grew by 21.5% YoY, moving from Rs. 71.2 Cr. in Q2 FY23 to Rs.86.5 Cr. in the current quarter.

*PowerX is the price index of Indian Energy Exchange (IEX) and is calculated based on weighted average price of Day-Ahead Market and Real-Time Market discovered for the previous day delivery.

Power demand was higher than anticipated for the monsoon months, with peak power demand reaching nearly 240 GW in September first week. States like Maharashtra, Uttar Pradesh, Gujarat, and Tamil Nadu witnessed soaring demand this quarter.

On the fuel side, India’s coal production increased by a robust 16.2 % YoY to reach 205 million tonnes in Q2 FY24 and E-auction coal premium continued its decline since the beginning of this financial year. This improved supply side scenario resulted in increased sell liquidity but an unexpected surge in power demand kept prices higher on the Exchange during the second quarter.

The average market clearing price in the DAM segment during Q2 FY24 period was Rs. 5.88/unit compared with Rs.5.40/unit in the same quarter last year, higher by nearly 9% over Q2FY23.

In October 2023, IEX launched High-Price Term Ahead Market (HP-TAM) and acquired 10% stake in Enviro Enablers India Private Limited (EEIPL).

On the gas market front, in Q2FY24, the Indian Gas Exchange (IGX) generated total volumes of 195 lakhs MMBtu during Q2 of FY ’24, a jump of 262% over the same quarter last fiscal. The volume jump was largely on the back of increased domestic gas volumes and decreased gas prices compared with spot prices (WIM).

For Q2FY24, IGX posted a PAT of Rs. 7.85 crore, a significant increase from Rs. 2.42 crore in Q2FY23, reflecting a growth of 224%.

POWER SECTOR HIGHLIGHTS UPDATE

On the power sector front, electricity consumption in India for Q2 FY24 stood at 435.8 BU, a growth of 13% YoY. By the end of Q2 FY 2024, India’s total installed capacity stood at 425 GW, out of which 179 GW was contributed by renewables.

India remains on track to attain its target of achieving 50% of energy consumption from non-fossil fuel sources by 2030.

Mumbai, 4th November 2023: Amazon miniTV – Amazon’s free video streaming service recently released ‘The Adventures Of Lleo,’ a Permanent Roommates spin-off. The show revolves around the adventurous story of Lleo aka Laxman Laal Ebote, taking us on an uproarious ride filled with quirky incidents, unusual survival tricks, and the twist of riches to rags. Created by TVF, the series is a hilarious watch, with a compelling narrative and an eccentric character to root for. Here are five reasons why you must add The Adventures Of Lleo to your watch list.

● Lleo is back with his own thrilling journey: Lleo, the most adored character from the popular series Permanent Roommates, is here to entertain the audience, tickling their funny bones. The vibrant and lively character of Lleo with his strange survival strategies, rib-tickling twists and turns will give a glimpse at his jovial journey in The Adventures Of Lleo. Featuring Anandeshwar Dwivedi, the series is full of bizarre occurrences that are likely to make viewers laugh out loud.

● An adventurous ride with multiple laughter stops: Lleo, an overnight millionaire loses his possessions with a simple click on the phone, turning his life upside down in the middle of bizarre situations. With a circus of jovial incidents, comedic quips, and groundbreaking humour, the series is sure to leave viewers giggling hysterically.

● Intriguing narrative with a life lesson: The series is packed with hysterical situations, emotions, life lessons, and crazy scenarios to laugh at. The series’ unique storyline, which follows the journey of Lleo, teaches us the importance of believing in oneself. The series is a narrative about remaining positive in every scenario and coming back to the top after losing everything in a matter of seconds.

● Unique story of Riches to Rags: We all have heard the inspiring stories of Rags to Riches, motivating us to work hard and achieve our goals. However, The Adventures Of Lleo is a story with a twist, following the journey of Riches to Rags, the series is not only a comical ride but also has a strong take on being self-confident. The series illustrates the genuine reality of how life changes, from being a millionaire to a cab driver.

● Free to watch: Lleo’s adventurous and joyful trip, going on a new funny challenge every other instant, will lift your spirits. There is no need to subscribe to see this hilarious story about the oddest and most-loved Lleo. The Adventures of Lleo is streaming for free on Amazon miniTV and Fire TV, as well as the Amazon Shopping App and the Google Play Store.

Hop on the bandwagon to indulge in a laughter riot following The Adventures of Lleo on Amazon miniTV available on Amazon’s shopping app, on Fire TV, and on Play Store.

Mumbai, 4th Nov: NABARD, with its Head Office, 31 Regional Offices, 27 Cluster Offices, 361 District Offices, and 07 Subsidiaries, is dedicated to upholding the values of integrity, transparency, and probity in public life. On the of the commencement of Vigilance Awareness Week 2023, observed from 30th October 2023 to 05th November 2023, all NABARD staff members across the nation took the Integrity Pledge and committed themselves to the vision of a Corruption-Free India.

NABARD initiated a walkathon held at the Bandra-Kurla Complex. The walkathon was inaugurated by Shri G. S. Rawat, Chief General Manager of NABARD, Shri A.K. Sood, Chief General Manager of NABARD, and Shri U. Dinesh Shanbhag, Chief Vigilance Officer of NABARD. Members from other banks, including NaBFID, joined NABARD staff in the walkathon. The strong contingent of 1000 participants displayed slogans and imagery reflecting the theme of the year to promote the message of “Say no to corruption – commit to the Nation.”

To raise awareness about Vigilance, in addition to the walkathon, various events such as a quiz competition, drawing competition for the children of staff members, and an ethics session, were organized throughout the week. Regional Offices nationwide also conducted numerous events.

In various districts, NABARD conducted Gram Sabhas, seminars, and events to create awareness and strengthen the collective commitment to combating corruption. Banners and placards featuring the theme of Vigilance Awareness Week 2023, “Say no to corruption – commit to the Nation,” were prominently displayed in all NABARD offices, residential quarters, and training establishments across India. A Vigilance awareness song and PIDPI (Prevention of Indiscipline and Prevention of Irregularities) jingles were played in NABARD Office premises throughout India during VAW 2023. Daily SMS messages were sent to all staff members to raise awareness against corruption during the week

Delighted to share an update that DCB Bank has announced its Q2FY24 results, reporting a PAT of INR 127 Cr. In comparison to the PAT for Q2 FY2023 was at 112 Cr. reporting a growth of 13%

Notable points:

• · Advances growth year-on-year was at 19% and Deposit growth year-on-year was at 23%.
• · The Gross NPA as on September 30, 2023 was at 3.36% and 1.28% respectively. Both Gross NPA and Net NPA declined in comparison to last year.
• The Provision Coverage Ratio (PCR) as on September 30, 2023 was at 75.49% and PCR without considering Gold Loans NPAs was at 76.63%
• · Capital Adequacy continues to be strong and as on September 30, 2023, the Capital Adequacy Ratio was at 16.55% (with Tier I at 14.28% and Tier II at 2.27% as per Basel III norms).

Speaking on the Q2 FY 2024 results Mr. Murali M. Natrajan, Managing Director & CEO said, “The Bank’s growth trajectory is expected to improve further in the coming months. The market conditions have impacted Cost of Deposit/ Funds and CASA balances, which is expected to stabilize in two quarters or so”.

India, 4th November 2023: Air India, India’s leading global airline, today announced its intent to add more than 400 weekly flights to its domestic India and international route network until March 2024, as part of the Winter Schedule ’23.

On the back of expected new aircraft deliveries over the next six months, Air India aims to strengthen its domestic India network by adding more than 200 weekly flights on several routes touching major Indian cities such as Mumbai and Delhi. On its international route network, the carrier would operate over 200 weekly flights, of which over 80 weekly flights have already been added. Air India has plans to add four new international destinations to its network, which will be announced in due course.

At the onset of the Winter Schedule ’23, the airline has ramped up the frequency by 25x weekly flights (each way) on eight international routes across points in Southeast Asia, the United States, and Europe. This includes the weekly frequencies on Mumbai-Singapore increasing from 7x to 13x, Delhi-Bangkok from 7x to 14x, Delhi-Dhaka from 7x to 12x, Delhi-Newark (New Jersey) from 3x to 4x, Delhi-San Francisco from 10x to 11x, Delhi-Washington D.C. from 3x to 4x, Delhi-Copenhagen from 3x to 4x, Delhi-Milan from 4x to 5x, Mumbai-Doha from 7x to 9x.

Air India has also opened flights on four new routes, including Bengaluru-Singapore, Kochi-Doha, Kolkata-Bangkok, and Mumbai-Melbourne.

Campbell Wilson, CEO and MD, Air India, said: “While modernising our fleet and introducing new products and services is a top priority in Air India’s ongoing transformation journey, we are equally focused on densifying and expanding our route network to capture the rapidly growing demand in the market. The next few months are exciting for Air India and our guests, indeed.”

Between now and March 2024, Air India expects to induct over 30 widebody and narrowbody aircraft to its fleet, including six A350s, four B777s and 20 A320neos.

“Hindustan zindabad tha, zindabad hai aur zindabad rahega!” – a line that took the nation by storm 22 years ago and still stands strong. Our beloved Tara Singh returns, ready to confront any adversary to defend his country and his family as Zee Cinema proudly presents the World Television Premiere of Gadar 2 this Saturday, 4th November at 8 pm. Starring Sunny Deol, Ameesha Patel, Utkarsh Sharma, Simrat Kaur, Manish Wadhwa and Luv Sinha, Gadar 2 has proved to be an all-time blockbuster that has etched its name in box office history.

The film’s enduring appeal lies in its ability to evoke immense love and connect deeply with audiences, making it more than just a movie but a testament to the power of storytelling and the emotions it stirs. Resonating with audiences across all ages and families in the country, Gadar 2 brought about a wave of unending entertainment with impeccable dialogues, music and characters we cannot get enough of!

Gearing up for the biggest premiere of the year, people across the nation continue to join the celebration as Zee Cinema brings Gadar2 to every home. Channel has built a huge and unique campaign as well to do justice to fans’ emotions by bringing the world of Gadar 2 to life. A special tank was showcased at Carter Road in Mumbai; allowing viewers to step into the grandeur and world of the film. Utkarsh Sharma, Simrat Kaur, and Manish Wadhwa added some glamour to the occasion. Further to make it larger than life the channel created Gadar Chowks in various cities to celebrate the biggest premiere of the year. Hindustan ka har ghar dekhega Gadar – channel is engaging with audiences across with the same essence and making cities the ground for Gadar2 euphoria.