Archives January 2025

Ahmedabad, India: January 31, 2025: Apexon, a digital-first technology services company, today announced that it has been named a Leader in the 2024 ISG Provider Lens™ Generative AI (GenAI) Services and Advanced Analytics and AI Services reports. ISG evaluated over 75 service providers in this assessment, recognizing Apexon’s expertise in delivering AI-powered solutions, driving innovation and engineering intelligence into platform development, to build intelligent enterprises.

Generative AI Services Report

ISG positioned Apexon as a Leader in the Strategy & Consulting Services and Development & Deployment Services quadrants.

Apexon’s strengths highlighted in the report include:

• Providing strategic advisory to ensure scalable Generative AI adoption with minimal disruption.
• Accelerating AI deployment with tailored pilots and cloud-native integrations for frictionless deployments.
• Delivering rapid ROI with a speed-to-value approach and measurable outcomes.
• Leveraging partnerships and advanced accelerators to create scalable, high-performance applications.
• Empowering enterprises to unlock measurable value rapidly with tailored GenAI solutions, focusing on realistic ROI, robust governance, and continuous innovation to confidently scale AI initiatives while driving impactful business outcomes.
• Apexon’s innovative Genysys platform, customized offerings, and strong partnerships ensure seamless deployment and continuous optimization, enabling businesses to drive operational efficiency and explore new growth opportunities.

Advanced Analytics and AI Services Report

ISG positioned Apexon as a Leader in the quadrants for Data Science and AI Services, Data Modernization Services, and Advanced BI and Reporting Modernization Services, recognizing the company’s strengths in:

• Empowering organizations with real-time insights, compliance-driven AI solutions, and predictive analytics through customizable frameworks.
• Enabling seamless data management, enhanced governance, and AI-driven transformation for organizations to stay ahead of the curve.
• Delivering real-time insights with intuitive, user-centric dashboards and storytelling techniques that transform data into actionable business outcomes.
• Integrating deep industry knowledge with AI-driven solutions and proprietary frameworks to address complex data challenges and deliver impactful business outcomes.
• Combining advanced visualizations, user-centric design, interactive reporting, and industry-specific expertise to help organizations drive meaningful business outcomes through data solutions.

“Our leadership positions in key data and AI-focused ISG reports reaffirm our role as a trusted partner in engineering intelligent enterprises,” said Sriniketh Chakravarthi, Chief Executive Officer, Apexon. “This recognition validates our strategic investments in transformative platforms, unlocking the full potential of Generative AI to drive tailored content, enhance operational efficiency, and foster deeper engagement. We are equally proud that our expertise in seamless data management, robust governance, and AI-driven transformation has been highlighted as a strength.”

“Apexon defines itself as a thought leader in the generative AI space, integrating innovation, industry insight, and scalable solutions into its offerings,” said Gowtham Kumar Sampath, Principal Analyst, ISG. “Through platforms like Genysys and strong collaborations with leading technology providers, they are pioneering new pathways for organizations to harness data as a strategic asset. This forward-focused approach underscores their role in driving the next wave of AI-driven transformation.”

Bengaluru, Jan, 31st 2025: In a significant boost to its mission of feeding school children, The Akshaya Patra Foundation today received a generous donation of two delivery-vehicle vans from Sri Kumaraswamy Mineral Exports Private Limited. The handover ceremony took place at the company’s Cunningham Road office, marking a pivotal moment in the partnership.

Each of the donated vans has the capacity to carry 5,000 meals, extending the foundation’s reach to approximately 90 government & government-aided schools in the Bellary area. This contribution will play a crucial role in ensuring timely and safe meal deliveries to thousands of children, aiding their educational journey.

Mr. Dhananjay Ganjoo, Chief Resource Mobilization & Marketing Officer at The Akshaya Patra Foundation, attended the event. Expressing gratitude, Mr. Ganjoo stated, “This generous donation from Sri Kumaraswamy Mineral Exports Private Limited greatly enhances our logistical capabilities to serve children better. It is through such partnerships that we can continue to make a significant impact.”

The Akshaya Patra Foundation thanks Sri Kumaraswamy Mineral Exports Private Limited for their commitment to supporting child nutrition and education.

By-Mr. Tushar Verma, Executive Vice President, REHAU

India’s furniture industry, valued at approximately ₹1.9 lakh crore in 2024, is one of the fastest-growing sectors globally. According to the Furniture Industry Outlook Report 2024, this sector is projected to grow at a compound annual growth rate (CAGR) of 13-15% over the next five years. Yet, despite this remarkable growth, the industry faces significant supply chain challenges that hinder its true potential. As the Union Budget approaches, stakeholders in the furniture manufacturing ecosystem are eagerly awaiting measures that could help overcome these obstacles and drive the sector towards sustainable growth.

Polymers Manufacturing Challenges in India
The polymer manufacturing sector in India faces several significant challenges that hinder its growth and global competitiveness. One of the primary issues is raw material unpredictability, as fluctuations in global oil prices directly impact the cost of key inputs, creating financial strain for manufacturers. Additionally, the industry grapples with a shortage of skilled labor, limiting its ability to optimize production processes and adopt advanced technologies. Energy shortages further compound the problem, with frequent disruptions in power supply significantly affecting the energy-intensive polymer production processes.

Another critical challenge is the increasing focus on environmental regulations related to polymer waste, which demands significant investments in research and development to create sustainable solutions. The need to comply with global standards and regulations introduces additional costs and complexities, as manufacturers must align with international benchmarks to remain competitive. Moreover, continuous investment in research and development is essential to innovate polymer technologies, develop new applications, and improve existing products to compete in both domestic and international markets. Addressing these challenges requires a collaborative approach between policymakers and industry stakeholders to ensure the sector’s long-term sustainability and growth.

Sourcing Challenges: Ensuring Raw Material Availability

India’s furniture industry relies heavily on raw materials such as wood, metal, and engineered products like Medium Density Fiberboard (MDF) and Particle Boards. However, domestic production often falls short of the demand. For example, India imported MDF worth ₹3,700 crore in 2024, highlighting the gap in local manufacturing capacity. Additionally, fluctuations in import duties have further increased cost pressures for manufacturers.

To address these challenges, industry leaders are looking to the Union Budget for specific measures:

• Reduction in Import Duties: Lowering duties on key raw materials will help reduce costs for manufacturers and improve competitiveness in global markets.
• Incentives for Domestic Production: Extending the Production Linked Incentive (PLI) scheme to furniture components could promote investment in domestic MDF and plywood manufacturing.
• Sustainability Incentives: Policies supporting the use of certified, sustainable wood and alternative materials like bamboo can reduce the environmental impact and ensure long-term material availability.
• Logistics Bottlenecks: Bridging the Infrastructure Gap

India’s fragmented logistics network remains a key bottleneck for the furniture industry. As reported by the National Logistics Policy 2024, the average logistics cost in India is approximately 14% of GDP, significantly higher than the 8-10% range seen in developed countries. This inefficiency disrupts the timely delivery of components and finished goods.

Key measures anticipated in the Union Budget include:

• Investment in Infrastructure: Enhanced funding for multi-modal transport networks, including railways and inland waterways, would help ensure smoother and cost-effective transportation of bulky furniture components.
• Digitization of Logistics: Incentives for adopting digital platforms for real-time tracking, inventory management, and supply chain analytics could significantly reduce delays and inefficiencies.
• Warehousing Support: Grants or subsidized loans for setting up advanced warehousing facilities near industrial hubs would improve storage and distribution.
• Labor Shortages: Bridging the Skills Gap

The furniture manufacturing sector employs over 5 million workers, but there is a severe shortage of skilled labor. According to the National Skill Development Corporation (NSDC) Report 2024, more than 70% of workers in the sector lack formal training, leading to low productivity and compromised product quality. The rise of automation and digitization further amplifies the need for a technologically proficient workforce.

Measures proposed to address labor challenges include:

• Skill Development Programs: Expanding initiatives like the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), tailored specifically for furniture manufacturing, could enhance worker capabilities in modern production techniques.
• Incentives for Workforce Retention: Offering tax breaks or subsidies for manufacturers investing in employee training and welfare could improve workforce stability and productivity.
• Public-Private Partnerships: Collaborations with furniture component manufacturers can create industry-relevant training modules and internships, improving overall skill levels in the sector.

 Rising Expectations from the Union Budget

The upcoming Union Budget is expected to play a crucial role in shaping the future of India’s furniture industry. Key expectations include:

• Export Promotion Measures: Despite India’s furniture exports contributing less than 1% of global trade, export incentives such as tax rebates and easier credit access could help manufacturers tap into international markets, particularly in Europe and North America.
• Cluster Development Programs: Establishing furniture manufacturing clusters equipped with shared resources like advanced machinery, testing labs, and training centers could enhance small and medium enterprises (SMEs).
• Sustainability Grants: Financial support for adopting eco-friendly practices, such as using renewable energy and recycling materials, would position India as a global leader in sustainable furniture production.

 The furniture industry is hopeful for several key measures aimed at enhancing its growth and competitiveness. One major expectation is the granting of infrastructure status to the sector, which would facilitate easier access to financing and incentivize investments in production and logistics infrastructure. The industry is also anticipating tax reforms and incentives, particularly the reduction of import duties on essential materials or tax deductions aimed at improving manufacturing and logistics processes, which would help reduce operational costs.

Additionally, the sector is eager for increased investments in skill development programs and support for technology adoption, especially in supply chain management, to drive higher productivity and efficiency. There is also a push for GST rationalization, with the hope that simplification or reduction of GST rates on furniture will make products more affordable, boosting both domestic consumption and export potential.

Another focus is the support for small and medium enterprises (SMEs), which form a significant part of the industry. Measures such as easier access to finance or subsidies could help formalize operations, improve supply chain management practices, and increase overall sector efficiency. Collectively, these expectations highlight the industry’s need for policy support that addresses critical supply chain management challenges, fostering enhanced competitiveness in both domestic and international markets.

Expectations from Union Budget 2025 for the Polymer Industry
The polymer industry has high expectations from the Union Budget 2025 to address critical challenges and propel the sector toward sustainable growth. One of the key demands is the introduction of Production Linked Incentives (PLI) or tax benefits for adopting green technologies, encouraging manufacturers to shift toward environmentally friendly production practices. Reducing import duties on raw materials is another crucial ask, as it could stabilize costs, making Indian products more competitive both domestically and globally. Additionally, the industry seeks increased funding for research and development (R&D) to foster innovation, enabling the development of new polymer types and advanced applications.

Investments in infrastructure development, particularly in energy, are also vital to mitigate manufacturing disruptions caused by power shortages. Furthermore, initiatives aimed at skill development are necessary to equip the workforce with advanced manufacturing techniques and sustainable practices, addressing the industry’s labor challenges. Lastly, the industry looks forward to policy measures to improve ease of doing business, such as simplifying regulatory compliance and revising GST frameworks, to reduce operational burdens and encourage investment. These budgetary interventions, if implemented, could create a robust foundation for the polymer industry’s long-term growth and global competitiveness.

By- Dr. Joseph Sunny Kunnacherry Director Prayatna

Learning disability is a neurodevelopmental condition that interferes with the ability to learn basic skills such as reading, writing, or mathematics. These challenges are not a reflection of intelligence but rather a sign that the brain processes information differently. Without appropriate intervention, individuals with learning disabilities often face academic struggles, low self-esteem, and even mental health issues such as anxiety and depression.

Key signs to look for include:
1. Writing Challenges
• Persistent letter reversals ( e.g., confusing “b” and d”)
• Mirror writing (e.g., writing “saw” as “was”)
• Occasional letter substitutions (e.g., writing “e” instead of “a”; “pet” instead of “pat”)
These challenges are common in children under 7, but become a concern if they persist.

2. Academic Struggles
• Reading difficulties (e.g., decoding, phonetics, fluency)
• Writing challenges (e.g., organizing thoughts, spelling, letter formation, missing lines when copying from board)
• General messy or poor handwriting (e.g. irregular size, sloppy spaces between letters/words)
• Math struggles (e.g., understanding numbers, basic arithmetic concepts)

3. Memory and Concentration Issues
• Difficulty remembering instructions or sequences
• Poor focus, easily distracted

4. Following Instructions
• Struggling to follow multi-step instructions
• Difficulty with simple, one step directions
• Appears clumsy in his/her movements, often walking into objects

Role of Occupational Therapy in Helping Children with Learning Disabilities
Occupational Therapy is crucial in supporting children with learning disabilities by addressing specific challenges and fostering overall development. Therapy changes as the child grows, initially focusing on sensory integration, basic socialization, and self-help skills. Later, it helps develop social play, motor skills, and writing. By adolescence, the focus shifts to independent living, social skills, and vocational interests.

Here are some strategies to create an inclusive environment:
1. Offer clear, direct communication with simple language.
2. Breaking tasks down into smaller and more manageable chunks
3. Provide teachers with training on inclusive practices use visual cues (labels, color-coding) for better understanding.
4. Incorporate scheduled sensory activities like using therapy balls or cushions.
5. Establish a consistent daily routine and communicate changes in advance.
6. Use timers to help children anticipate activity transitions.

Benefits of Occupational Therapy in Learning Disabilities
Occupational Therapy helps to develop motor skills necessary for daily life, such as handwriting, dressing, and self-care. Children with learning disabilities often struggle with sensory processing, making it hard to focus and engage with their environment. OT addresses sensory challenges and teaches self-regulation, attention, and impulse control—essential for academic and social success.

Occupational therapy also enhances cognitive skills like problem-solving and memory, helping children become more independent. Social skills are improved through group activities, where the child practices turn-taking and sharing, leading to better interaction with peers and family. Additionally, OT supports teachers by modifying classroom settings to accommodate each child’s learning needs. An Occupational Therapist might recommend using a slant board to improve handwriting posture or providing fidget tools to help a child stay focused. They might also suggest adaptive seating, such as wobble cushions, to support children with sensory needs, or color-coded folders to assist with organization and memory retention.
Correct sitting posture is essential for children with learning disabilities, as it impacts their ability to focus, engage in learning activities, and perform tasks efficiently. Poor posture can lead to discomfort, fatigue, and difficulty in motor coordination. Occupational therapists often provide strategies and interventions to help children maintain proper posture.
Children with learning disabilities often face challenges in writing, including issues with handwriting readability. Therapists work with them to improve essential skills and enhance handwriting speed appropriate for the child’s age.
Additionally, therapists address pencil grip through guided practice and exercises aimed at improving wrist and shoulder stability, ensuring better control and coordination while writing. These strategies help the child engage better in learning and classroom activities.
Therapy is customized to each child’s strengths and challenges, ensuring it is both effective and supportive.
When learning difficulties go unrecognized, children may become frustrated and misunderstood, which can make the challenges even harder to overcome. By identifying learning disabilities early and providing the right support, we can help children thrive and ensure that every child has the opportunity to succeed. Early identification leads to better inclusion and a brighter future for all.

Global spending on digital technology integration is expected to reach 3,9 trillion U.S. dollars by 2027, according to Statista. The International Air Transport Association (IATA) and technology services company Financing and Promoting Technology (FTP) note that aviation chief information officers are recognizing the need to strategically invest in technology as the industry is filled with legacy applications that are financially difficult to maintain.

While not easy to implement, new technologies are becoming cost-effective and delivering benefits in key areas, such as improved efficiency and safety, professional training, automation in air traffic management, and performance optimization.

As reported by the International Air Transport Association (IATA), passenger numbers are expected to reach 5.2 billion in 2025, marking a 6.7% increase compared to 2024. Cargo volumes are also projected to reach 72.5 million tonnes, reflecting a 5.8% rise from 2024. With the increasing number of air passengers and airlines adding further new routes in more areas, the aviation industry is facing a lack of aviation specialists. According to Boeing, over the next two decades there will be a need for 674,000 new pilots, 716,000 new maintenance technicians, and 980,000 new cabin crews worldwide respectively to the current global commercial fleet. The aviation sector is digitalizing most of its processes to promote efficiency as well as profitability. The development of new technologies has become inevitable, this brings the need to develop new skills for professionals, as well as growing demand for new professions in the field of cybersecurity, data analytics, AI development and operational optimization.

“The aviation sector is constantly investing in digital technologies, creating a demand for new professionals capable of leading teams in these rapidly changing times. As digitalization progresses each year, aviation professionals need to develop new skills, including adaptability and a combination of aviation expertise and IT knowledge,” says Abdelmagid Bouzougarh, CEO of Aerviva, an international aviation recruitment consultancy.

Tomorrow’s pilots: stronger analytical and monitoring skills

One way in which digitalization is helping pilots is by providing support and guidance at every stage of the flight. A network of apps can improve the operational efficiency, provide better situational awareness, greater collaboration ability between pilot and co-pilot, and safety protocol adherence. AI provides spotters with data on weather and flight plans and general conditions. However, pilots must be trained in critical analysis and monitoring to work with AI assisted flight systems. New technologies can also be used to model more accurate virtual reality simulations for pilots and to develop scenario-based digital learning. By analyzing pilot’s performance data AI algorithms can help to create personalized training plans based on a person’s strengths and weaknesses.

Lufthansa Technik’s AI-driven Advanced Aircraft Maintenance Training (AAMT) system uses AI-based flight simulators to train pilots and maintenance crews more effectively. This system integrates machine learning algorithms with real-time flight data to simulate a wide range of scenarios, from emergency situations to rare mechanical failures.

Maintenance: faster, more accurate, and cost saving

Many aviation companies are acknowledging the difficulty they face in attracting and retaining talent. According to the accounting firm Deloitte, it is estimated that the commercial aerospace sector in the United States will need an additional 123,000 technicians over the next two decades. Digitalization could help attract and retain talent by optimizing the workforce.

New AI technologies have the potential to enhance aircraft safety solutions and maintenance schedules, enabling airlines to better understand their human resource needs and improve their planning processes. Advanced detection systems analyze real-time aircraft data, providing accurate insights, predictive maintenance suggestions, and optimized schedules to prevent unplanned downtime and reduce unexpected repairs, contributing to enhanced operational efficiency and reliability.

Airbus developed Skywise, a cloud-based platform using AI and big data analytics to enhance aircraft maintenance. Skywise Core [X] allows operators worldwide to take advantage of a better aircraft experience based on data insights and make the right operational decisions. Another example is the predictive maintenance software Insight Accelerator, part of Boeing’s Airplane Health Management suite of solutions, which enables airlines to avoid flight delays and cancellations while drastically reducing aircraft time on the ground (AOG) by utilizing real-time maintenance alerts. By analyzing QAR/CPL full flight data, users can derive prognostic insights and create alert algorithms unique to their airline’s operations.
New technologies are incorporating big data tools, machine learning processes, and decision modeling systems to provide valuable information. Digital twin technology is a virtual replica of a physical system that is continuously updated based on real-time sensor data. It can predict future aircraft problems, allowing engineers to inspect potential problems in advance.
Moreover, digital tools help to reduce the time spent on documentation by performing analysis of the collected information, systematization, and summarization, which helps to complete tasks more efficiently. Regarding maintenance and repair, AI tools also allow to prepare more detailed and accurate instructions, which leads to redundancy of work errors.

ATC: AI can improve most of tasks, but human element remains at the core

Air traffic controllers (ATC) deal with a lot of dynamic information, which can lead to reduced attention under heavy workloads. But new AI-based technologies can reduce the workload while increasing flight safety, efficiency, and capacity. By providing real-time data, digital systems can improve situational awareness and minimize the risk of midair collisions. Data link systems can also enable controllers and pilots to exchange information more accurately, limiting communication errors, and freeing up radio frequencies. Automating routine tasks, providing more precise weather forecasts and passenger traffic data, calculating the most efficient flight paths, and increasing overall efficiency can all be improved with new AI technologies. While technological advancements can make a big difference in the ATC field, the human element remains essential.
AI automation in aviation has the potential to be very helpful, but there are also some concerns. Questions about who makes the decisions and whether the algorithms are fair can make it hard to know who is responsible for the AI systems. It is not clear if the AI will follow all the rules for aviation, because the rules for AI are still being created. It is very important to make sure that the AI is safe and reliable. Protecting personal information and keeping data safe from hackers is one of the main concerns. Also, AI can’t adapt well to changing situations, and it can be hard to integrate it with older systems. People’s trust in AI is also important. Passengers and staff might not trust AI to make important decisions. To address these issues, there is a need to carefully regulate AI in aviation.

New opportunities for an aviation career

However, the wrong choice of flight personnel in the aviation industry leads to dissatisfaction with the general work, especially in these times when AI is more real than ever. Specialists should be able to work with a lot of data, analysis, and be open to new AI solutions.
As reported by Reuters, U.S. aerospace and defence giant RTX Corp plans to hire 1,000 more people to its 7,000-strong workforce in India by 2027, as it looks for more engineers and data scientists to power its global operations. Boeing is hiring data science and analytics professionals to apply AI and machine learning in MRO operations, enhancing efficiency and predictive maintenance. The Federal Aviation Administration (FAA) also offers career opportunities in information technology, including roles in cybersecurity and data analysis, contributing to the advancement of aviation technologies.

“Advanced technologies bring more exciting career opportunities, as specialists can deepen their knowledge in specific areas. We should emphasize the need for specialists who are skilled in data analytics, machine learning, and AI operations. With the expansion of digital systems, emerging roles include cybersecurity and AI specialists, data scientists and analysts, all of which play a key role in the aviation sector,” explains A. Bouzougarh.

The development and integration of AI technologies in various aviation fields can improve cost savings, better passenger flow through airports, and fuel efficiency. According to IATA and FTP, emerging technologies can increase opportunities for environmental management and sustainable development by analyzing data and delivering insights. Sustainability is becoming a key focus, leading to job opportunities in green aviation technologies.

Aerviva is a Dubai-based international consultancy, specializing in aviation recruitment and document management. The consultancy seeks to develop bespoke solutions for clients’ specific needs, guiding them with their global expertise as well as deep understanding and experience in the aviation industry.

In today’s competitive job market, talent acquisition has become more challenging and complex than ever. Companies are constantly seeking innovative ways to attract, assess, and hire the best candidates. This is where HR Tech plays a crucial role, revolutionizing traditional hiring processes and making them more efficient, inclusive, and data-driven. Among the many leaders driving this transformation, a group of inspiring women stands out for their exceptional contributions to the HR Tech industry.

Despite advancements made in recent times, women continue to be underrepresented in the tech industry, encountering obstacles like unconscious bias, gender wage disparities, and a scarcity of female role models. Nonetheless, numerous accomplished women in tech have made noteworthy contributions to the field, serving as inspirations for all, particularly young women, aspiring to pursue careers in technology. In today’s ever-evolving work environment, the role of Human Resources (HR) leaders has expanded beyond conventional boundaries. An extraordinary transformation is underway, spearheaded by a group of exceptional Indian women who are not only climbing the corporate ladder but also reshaping the HR landscape with their remarkable vision and determination.

These women entrepreneurs are not just shaping the future of talent acquisition; they are redefining what it means to find and hire talent in a digital-first world. By leveraging cutting-edge technologies like artificial intelligence, machine learning, and big data analytics, these trailblazers are developing innovative solutions that enhance candidate experience, streamline recruitment processes, and promote diversity and inclusion in the workplace.

Let’s delve into the stories of these 4 extraordinary Indian women who are redefining the contours of HR leadership and shaping the future of work.

Yogita Tulsiani, iXceed Solutions:-
Yogita is the Director & Co-founder of iXceed Solutions . The dynamic Ms Yogita Tulsiani is armed with a Master’s in Business Administration from ISB, Hyderabad. The versatile businessperson has more than a decade of experience in Business Development and Consultancy across various industries in the UK, USA, Europe and APAC. Her repertoire includes an illustrious clientele in the Financial Services, Telecom, Retail, Information Technology and Learning industries like Genpact Headstrong and HP.

Asma Thorve, Empowered LMS:-
Asma is the co-founder of Empowered LMS, Asma is an experienced professional with 20+ years of industry experience. A large part of this has been spent in the learning technology space, thus making her an industry veteran who has seen the learning technology space evolve over this period. With marque customers using their solutions, Enthralltech is an established player in this space. Her company won the Asia Tech Innovation award in 2016 thus underlying the innovative solution they bring to their customers.

Geetha Prabhu, WorkFlexi.in:-
Geetha Prabhu is the Founder of WorkFlexi.in.With the growing need of flexible work in organizations of all sizes, Geetha is looking to solve the problem through her solution. By connecting companies with individuals seeking these flexible work assignments she is addressing a key gap in the talent acquisition solution set in the Indian HR Tech space. With her deep expertise in market research one would assume that she has enough insights about this space to solve this challenge.

Shelly Singh, PeopleStrong:-

Shelly Singh is the co-founder of PeopleStrong . After a short stint as HR professional Shelly identified a business challenge and co-founded PeopleStrong in 2002. Since then PeopleStrong has grown to be one of the most successful entrepreneurial journeys in the Indian ecosystem. As a chief business officer, she continues to build a strong brand for the organization while also anchoring the strategic and operational initiatives at PeopleStrong. She was identified as “Thought leader of the year” in 2014 by the HRO Today, Asia Pacific forum.

New Delhi, 31 January 2025: XO & Mi @Le Belvedere, the highly anticipated restaurant at Le Meridien New Delhi, is all set to redefine the dining experience, with the creative solutions of Secret Ingredient, India’s leading food and hospitality consultancy. XO & Mi @Le Belvedere is a modern take on the former Le Belvedere restaurant, which was known for its Szechuan Chinese cuisine. It reimagines the legendary restaurant, blending its rich legacy with a bold, modern vision that promises to captivate culinary enthusiasts.

Secret Ingredient has played an instrumental role in bringing XO & Mi @Le Belvedere to life through a comprehensive approach encompassing research, concept development, design collaboration, and operational planning. Starting with extensive internal research and a feasibility study, Secret Ingredient conducted a deep dive into the target audience, local demographics and market trends. This strategic analysis ensured a distinctive positioning for the restaurant, crafting a dining experience that embodies the dynamic essence of Asia’s street food culture- elevated with a modern and sophisticated touch.

The creative direction of XO & Mi @Le Belvedere was carefully crafted with a compelling brand narrative, positioning and a distinctive food and bar identity. Secret Ingredient assisted in vendor partnerships, training staff and conducted food and beverage trials to ensure quality and consistency. Inspired by the lively food markets of South East Asia, the restaurant’s menu seamlessly fuses authentic flavours with innovation to offer a sensory adventure that transforms dining into a memorable experience. The menu is carefully curated into distinctive sections, each offering a unique culinary experience. The Izakaya Style selection presents an array of playful small plates—both hot and cold—perfectly suited for cocktail pairings. The Curry House and Noodle Cart bring comforting, authentic flavours to the table, while the Tempura & Katsu Shop showcases Japan’s mastery of delicate deep-frying, delivering crispy, golden perfection.

The addition of unique features like the Saké Bar—a curated centrepiece offering interactive customization of glassware and serving temperatures—further elevates the journey, while The Permit Room speakeasy invites guests to enjoy colonial-inspired charm paired into two innovative cocktail categories – Legends of the Orient celebrating Southeast Asian mythology with bold, imaginative drinks like the “Wukong,” and the other being – Take a Bite! which pairs cocktails with nibbles crafted from their key ingredients, such as the Fortune Cookie—a Japanese whiskey and miso caramel concoction served with an actual fortune cookie. Together, these elements position XO & Mi @ Le Belvedere as a premium destination where tradition inspires innovation and culture meets creativity.

“We are incredibly proud to be part of the XO & Mi @Le Belvedere journey, a concept that masterfully blends innovation with authenticity,” said Sid Mathur, Founder of Secret Ingredient. “Perched atop one of Delhi’s most iconic rooftop locations, XO & Mi offers a breath-taking setting that enhances the dining experience. It was a pleasure collaborating with the incredible team at Le Meridien to bring this vision to life. At Secret Ingredient, our mission is to help brands share their unique stories through exceptional dining experiences, and XO & Mi embodies that vision. From concept to execution, every detail has been carefully crafted to deliver guests an unforgettable culinary adventure. From interior mood boards to the development of the brand touchpoints, every element was meticulously curated to create an unforgettable experience. Secret Ingredient worked closely with designers to conceptualize and bring to life this vision, ensuring every detail contributes to the immersive experience.”

Secret Ingredient also played a pivotal role in optimizing operational efficiency, refining kitchen layouts, and selecting high-performance equipment to meet regulatory standards. Additionally, they also contributed to the core structure and hiring process, defining the ideal team requirements and aiding in the recruitment of top-tier culinary talent, including sous chefs, CDPs, and mixologists.

 With the aim of bringing creative and impactful solutions, Secret Ingredient provided XO & Mi @Le Belvedere with a strategic roadmap from concept to execution. Their comprehensive approach, industry expertise, and attention to detail have been instrumental in crafting a standout dining destination within Le Meridien New Delhi.

31 January 2025, National: The much-anticipated Artisan Awards 2025 concluded on a grand note, with Princess GauraviKumari gracing the occasion as the esteemed chief guest. Known for her patronage of art and culture, Princess GauraviKumari presented the awards to the winners, lauding their ingenuity and dedication to preserving Indian craftsmanship and design.

The 8th edition of The Artisan Award was hosted by the Gem & Jewellery Export Promotion Council (GJEPC)powered by GIA India, in association with the World Gold Council.

The presence of Princess GauraviKumari added a regal touch to the celebration, making it a night to remember for the artists, industry stalwarts, and dignitaries in attendance.

As the Artisan Jewellery Design Awards continue to spotlight the best of India’s craftsmanship, this year’s finale set a new benchmark in creativity, elegance, and royal patronage. She was joined on stage by Mr. Vipul Shah, Chairman, GJEPC; Mr. KiritBhansali, Vice Chairman, GJEPC; Mr. Sriram Natarajan, Managing Director, GIA India; Mr. Sachin Jain, Regional CEO, India, World Gold Council; Mr Milan Chokshi, Convener, Promotions & Marketing, GJEPC; and Mr. Sabyasachi Ray, Executive Director, GJEPC.

The event celebrated the finest expressions of Indian craftsmanship under this year’s theme, “Indian Crafts Reimagined,” which received over 630 entries.

In the diverse realm of Indian crafts, the 2025 Artisan Awards highlighted the interconnected nature of regional artistry within the country. Each participant drew inspiration from India’s rich heritage, blending traditional techniques with innovative interpretations. This thoughtful fusion ensured that age-old crafts not only retained their cultural significance but also found a meaningful place in modern design narratives.
The viewing gallery of the 20 finalists from the 8th Artisan Awards, themed Indian Crafts Reimagined, was open at JWCC. The showcased designs blended heritage crafts with innovation, celebrating ancient traditions while ensuring their modern relevance.

A visibly impressed Princess Gauravi Kumari of Jaipur remarked, “All the winning jewellery designs showcased at GJEPC’s Artisan Awards innovatively incorporated traditional art and craft. I believe that traditional crafts will always be relevant to today’s generation as long as designers introduce fresh perspectives and new twists while utilising modern silhouettes that appeal to global audiences. The new-age young consumer is moving from fast fashion to slow luxury. Gen-Next will get interested if we shift the narrative from the brand or product to the karigar (artisan) – the storytelling of their creative vision and interpretation is always compelling.”

Talking about jewellery making and craftsmanship as a legacy passed on from generation to generation, Princess Gauravi said, “Global connoisseurs recognise that Indian craft techniques have been passed on from one generation to another, just like the heritage legacy brands of Europe. Some of the best global designers have learnt and educated themselves about Indian craftsmanship and then used their creativity to bring innovation and relevance. My great-grandfather,Maharaja Man Singh II, wanted to see Jaipur as a global centre of design, art, and crafts. I want to carry forward this legacy and empower craftsmen who defy challenges and create with a positive attitude.”

Mr. Vipul Shah, Chairman, GJEPC, remarked, “The Artisan Awards aims to spotlight India’s unparalleled jewellery craftsmanship. This year’s theme, ‘Indian Crafts, Reimagined’, compelled participants to employ age-old crafts and design them through a contemporary lens, producing pieces that transcend cultural boundaries across the globe.

“Designing is one of the most sought-after skill sets in the industry and plays a pivotal role in generating value addition. For the sector to advance beyond retail, it is essential to enhance and expand design capabilities. The Artisan Awards serves as a platform to harness design talent at the grassroots level, nurturing India’s raw potential while driving innovation and creativity.

“At GJEPC, we also invest in structured skill development through our training institutes to ensure the industry’s sustained progress. Additionally, we strive to preserve and promote local crafts like the timeless jadau and meenakari of Jaipur and Benares, the intricate filigree of the East, and the temple jewellery of the South.

“I invite industry stakeholders such as the World Gold Council, PGI, and De Beers to collaborate with GJEPC in marketing and popularising India’s unique jewellery crafts on the global stage.”

Mr. Sachin Jain, Regional CEO, India, World Gold Council: “GJEPC’s Artisan Awards is a true testament of creativity and royalty in design capital. We at the World Gold Council are partnering with GJEPC to crown India as the jewellery hub of the world. It’s time for us to take Indian creativity and designs to the world. We appreciate the kalakaari(artistry) of India and will work with GJEPC to uplift the pristine status and impeccable standards of our craftsmanship. The Artisan Awards are a great celebration of Indian artistry. Every piece of gold jewellery crafted by these artisans is a testament to their dedication, skill, and artistic vision. The Awards serve as a platform to recognise their achievements and inspire future generations to appreciate and continue the legacy of gold jewellery artistry.”

Mr. Milan Chokshi, Convener, Promotion & Marketing, GJEPC adds, “The theme ‘Indian Crafts, Reimagined’ successfully inspired participants to leverage their creativity and design jewellery that seamlessly integrates global aesthetics with the essence of Indian craftsmanship. Through this journey, we witnessed exceptional pieces that not only preserved ancient crafts but also redefined their relevance for today’s discerning audience. The innovative interpretations highlighted the rich heritage of Indian techniques, demonstrating how our traditional craftsmanship remains relevant and continues to captivate younger generations in today’s dynamic world.”

The entries underwent a thorough scrutiny by a distinguished jury comprising Dr.UshaBalakrishnan, Eminent Jewellery Historian; Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House;Mr. Apurva Kothari, Founding Partner of SAVAAB;Ms. Priya Tanna President, @trscreativeconsulting; Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India; andMs. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery.

The technical jury included Mr. DevinderLayal, Jewellery Artiste and Educationist; Ms. MeenalChoksi, Head of Design, Moksh Fine Unseen Jewellery; and Ms. SushamaKalzunkar Sawant, PD & Merchandising Head, KP Sanghvi.

At the celebratory event, GJEPC also honoured industry stalwarts whose remarkable contributions have made a lasting impact on both domestic and global fronts.

Mr. Sajil Shah, Creative Head and Founder of Sajjante, was honoured with the Design Excellence Award, while Mr. Ankit Mehta, Founder and diamond and jewellery business entrepreneurof the high-end brand Aneka, (previously Her Story),was bestowed with the prestigious Global Indian Jewellery Designer award.

Mr. Biren Vaidya, Managing Director of The House of Rose, was presented the Retail Excellence Award for its exceptional designs, high standards and excellent customer service.

The House of BNM was chosen for the Manufacturing Excellence Award, underscoring its commitment to quality and innovation. The award was received by its Co-Founder Mr. Binoy Shah.

Here’s what the judges had to say about The Artisan finalists:

Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India: “It is a privilege to be able to witness the design talent and their creations at The Artisan Awards. Not only does the theme – ‘Indian Craft, Reimagined’ – pose a challenge for the designers, but it also offers them a chance to creatively showcase the rich culture and heritage of Indianjewellery and artisanry. More than 630 entries are a testimony to the recognition that comes with a platform such as The Artisan Awards, and I extend my compliments to GJEPC for organising itsuccessfully year on year and raising the bar in the process. GIA India continues to support this industry initiative thathelps empower talented jewellery designers.”

Dr.UshaBalakrishnan, Eminent Historian: “Every Artisan piece has layers of narrative, from the designers who create it to the materials and designs that reflect our heritage. Crafts like Thewa, with their delicate artistry and potential for contemporary appeal, deserve greater global recognition.”

Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House–“The designs beautifully blended tradition with contemporary appeal, and intricate creations that showcased impeccable attention to detail and lightweight charm. Indian craftsmanship is evolving, and with the younger generation of designers pushing boundaries, we are witnessing a transformative era.”

Mr. Apurva Kothari, Founding Partner of SAVAAB: “The participants have showcased exceptional creativity, blending India’s rich heritage with modern craftsmanship. The enamel work combined with gold truly stands out, reflecting a finesse in design and execution that brings every piece to life.”

Ms. Priya Tanna, President, @trscreativeconsulting: “I’m pleasantly surprised this year to witness a true revolution in the pieces being judged. The blend of traditional Indian crafts like Meenakari and beaten gold with contemporary designs is remarkable. What’s even more impressive is how these creations are designed for everyday elegance, making them both wearable and timeless.”

Ms. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery: “Jewellery is emotion brought to life, and when infused with Indian craftsmanship, it carries a deeper connection to our roots. This emotional resonance enhances its value, whether through meaningful storytelling, spiritual elements, or personalised touches like using birthstones.”

Chandigarh, 31 January 2025: Kalyan Jewellers India Limited recorded consolidated revenue of Rs 7287 crore in Q3 FY25 as against Rs 5223 crore in the corresponding period of the previous year, a growth of 40%. The consolidated PAT for Q3 FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due to the reduction in customs duty (announced during the Union Budget in July 2024).

The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded a PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54%.

Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, a growth of over 23%. The Middle East operations recorded a PAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. The PBT grew by 23% over the corresponding quarter of the previous year. However, the PAT growth for Q3FY25 was impacted due to the introduction of a new corporate tax in the UAE.

The e-commerce division, Candere, recorded a revenue of Rs 55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.

Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed. The current quarter has started well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”

Consistent ROA, Robust Asset Quality: Bank Reports Steady Q3FY25 Performance

Key Highlights

•  BOB reports a growth of 12.6% in its 9MFY25 Net Profit to INR 14,533 crore
•  Net Profit for Q3FY25 stands at INR 4,837 crore, a growth of 5.6% YoY.
•  Asset quality continues to be robust with Gross NPA below 2.5% at 2.43% for Q3FY25, a reduction of 65 bps YoY.
•  Net NPA ratio also remains low at 0.59%, declining by 11 bps YoY.
•  Slippage ratio remains contained at 0.90% for Q3FY25 and 0.81% for 9MFY25.
•  Credit costs remain below 1% due to better asset quality at 0.30% for the quarter and 0.47% for 9MFY25.
•  BOB’s balance sheet remains robust with a healthy Provision Coverage Ratio (PCR) of 93.51% with TWO & at 76.03% without TWO.
•  Return on Assets (ROA) remains above 1% and stands at 1.15% for the quarter and 1.17% for 9MFY25.
•  Return on Equity (ROE) for the quarter is 17.01% and 17.03% for 9MFY25.
•  Operating profit for Q3FY25 stands at INR 7,664 crore, up by 9.3% YoY.
•  Operating profit growth was supported by 34.1% YoY growth in Non-Interest Income which stands at INR 3,769 crore for Q3FY25.
•  Cost The income ratio has also reduced by 4 bps YoY to 49.53% for Q3FY25.
•  BOB’s Global Advances registered a growth of 11.8% YoY in Q3FY25 led by robust retail loan book growth. Bank’s organic Retail Advances grew by 19.5%, driven by growth in high-focus areas such as Auto Loans (21.1%), Home Loans (16.6%), Mortgage Loan (16.3%), and Education Loan (16.9%).
•  Capital Adequacy (CRAR) remains healthy at 15.96%.

Profitability

•  BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at INR 14,533 crore (+12.6% YoY) as against INR 12,902 crore in 9MFY24.
•  Net Interest Income (NII) grew by 2.8% YoY to INR 11,417 crore in Q3FY25. NII for 9MFY25 registered a growth of 5.2% and stands at INR 34,639 crore.
•  Non-Interest Income for Q3FY25 grew by 34.1% YoY and stands at INR 3,769 crore. Non-Interest Income for 9MFY25 stands at INR 11,438 crore up by 11% YoY
•  Global NIM stands at 2.94% in Q3FY25. Global NIM for 9MFY25 stands at 3.08%.
•  Yield on Advances stands at 8.35% in Q3FY25 as against 8.51% in Q3FY24.
•  Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.
•  Operating Income for Q3FY25 stands at INR 15,186 crore (+9.2% YoY). Operating Income for 9MFY25 stands at INR 46,076 crore registering a growth of 6.6%.
•  Operating Profit for Q3FY25 stands at INR 7,664 crore (+9.3% YoY).
•  Operating Profit for 9MFY25 increased by 6.3% to INR 24,303 crore.
•  Cost to Income ratio improved by 4 bps YoY and stands at 49.53% for Q3FY25. Cost to Income ratio of 9MFY25 stands at 47.26%.
•  Return on Assets (RoA) (annualised) stands at to 1.15% in Q3FY25. RoA for 9MFY25 stands at 1.17%
•  Return on Equity (RoE) (annualised) for Q3FY25 stands at 17.01%. RoE stands at 17.03% for 9MFY25.
•  For the consolidated entity, Net Profit stood at INR 5,214 crore in Q3FY25 as against INR 4,789 crore in Q3FY24.

Asset Quality

•  The Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24.
•  The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with 0.70% in Q3FY24.
•  The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25.
•  Slippage ratio declined to 0.81% for 9MFY25 as against 1.06% in 9MFY24. Slippage ratio for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24.
•  Credit cost stands at 0.30% for Q3FY25 and 0.47% for 9MFY25.

Capital Adequacy

•  CRAR of the Bank stands at 15.96% in Dec’24. Tier-I stood at 13.44% (CET-1 at 12.38%, AT1 at 1.06%) and Tier-II stood at 2.52% as of Dec’24.
•  The CRAR and CET-1 of consolidated entity stands at 16.36% and 12.86% respectively
•  The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).

Business Performance

•  Global Advances of the Bank increased to INR 11,73,034 crore, +11.8% YoY.
•  Domestic Advances of the Bank increased to INR 9,64,869 crore, +11.9% YoY.
•  Global Deposits increased by 11.8% YoY to INR 13,92,461 crore.
•  Domestic Deposits increased by 9.2% YoY to INR 11,65,874 crore in Dec’24.
•  International Deposits grew by 27.3% on a YoY basis to INR 2,26,588 crore in Dec’24.
•  Organic Retail Advances grew by 19.5%, led by growth in high focus areas such as Auto Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan (16.9%) on a YoY basis.
•  Agriculture loan portfolio grew by 12.5% YoY to INR 1,51,050 crore.
•  Total Gold loan portfolio (including retail and agri.) stands at INR 58,172 crore, registering a growth of 29.1% on a YoY basis.
•  Organic MSME portfolio grew by 13.6% YoY to INR 1,31,769 crore.
•  Corporate advances registered a growth of 6.8% YoY and stands at INR 3,87,405 crore.
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