Archives February 2025

Delhi, February 10, 2025: This Valentine’s season, Vegas Mall, Dwarka, is all set to create an unforgettable experience for couples and families with its Valentine’s Week Celebration. From mesmerizing live performances to an open movie night under the stars, the mall will offer the perfect setting to celebrate love, joy, and togetherness. With an enchanting ambiance, soulful music, and engaging activities, Vegas Mall promises to make this Valentine’s special for everyone.

The Valentine’s Week festivities will take place from February 8th to February 14th, featuring a variety of events to suit every mood. The celebration will begin with a Poetry Evening on February 8th, followed by a fulfilled retro evening on February 9th. A Violinist will set a romantic tone on February 10th, while a Saxophonist will mesmerize visitors on February 11th. A Live chello performance will bring soothing melodies on February 12th, leading up to an exciting Salsa Night on February 13th, where couples can dance the night away. The grand finale on February 14th will be an Open Movie Night, offering a perfect cinematic experience for a romantic evening.

Speaking about the event, Ravinder Choudhary, Vice President, Vegas Mall, said, “Valentine’s is all about celebrating love in all its forms—be it with family, friends, or partners. Our week-long celebration is curated to offer an immersive experience where visitors can enjoy music, dance, and entertainment while making beautiful memories with their loved ones”.

Vegas Mall invites everyone to be part of this grand celebration of love and happiness. Whether you’re looking to enjoy soulful music, showcase your dance moves, or simply spend quality time with loved ones, this Valentine’s Week at Vegas Mall promises to be a memorable experience.

Kerala, 10th February 2025 – V-Guard Foundation, the CSR arm of V-Guard Industries Limited, inaugurated new IT lab at Vennala High School to empower future tech leaders. This initiative by V-Guard marks a significant milestone in the ongoing efforts to create an inclusive and future-ready educational infrastructure in the country. The facility was inaugurated by Dr. Reena Philip from V-Guard CSR team in the presence of Mr. Harshal, Ward Councillor (42 Division), Ms. Chandralekha, Headmistress, Vennala High School. Staff members and V-Guard representatives.

 Strengthening its decade-long commitment to digital education and community development, V-Guard is set to provide students with essential computer literacy and technology skills. This initiative is part of a broader strategy to equip young learners with the tools needed to thrive in an increasingly tech-driven future, effectively narrowing the digital divide.

 Inaugurating the IT lab, Dr. Reena Philip, representing V-Guard CSR team said “By providing our students with access to modern technology and quality digital education, we are investing in the future of our community. Such initiatives not only enhance learning opportunities but also empower students to innovate and excel in today’s digital era.”

10th Feb 2025, Chennai – CAMSRep’s in its on-going effort to improve the insurance repository value proposition, has now expanded Bima Central servicing capabilities through a direct integration with ICICI Prudential Life, one of the largest private life insurers, for real-time policy services. This integration enables CAMSRep eIA holders to make renewal payment, change their personal details, as well as update bank account and nominee/appointee in real-time on their ICICI Prudential Life policies.

 This direct integration now ensures that any changes or transactions done by policyholders at ICICI Prudential Life service points will also get updated in digital policies held in their eIA, thereby ensuring data consistency between insurer and insurance repository.

 “We are single-mindedly working to improve policyholder experience and our collaboration with ICICI Prudential Life has given us the strong momentum to expand the services on Bima Central for eIA holders” said Vivek Bengani, CEO, CAMS Insurance Repository.

 In the coming months, more such services as well as special use cases like digital assignment, grievance management and claims reporting, will get enabled on the platform.

 CAMSRep and ICICI Prudential Life Customer Service & IT teams worked together to create a seamless journey ensuring all validation and compliance checks are executed in real-time and avoid duplication of effort. Data security and all risk and compliance provisions have been adhered to, to make sure that customer data as well as process integrity is always maintained.

 Mr. Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance, said “ICICI Prudential Life Insurance is focused on delivering enhanced customer experience by simplifying processes. We believe providing convenience to our customers is the key to building long-term relationships. Our collaboration with Bima Central empowers our customers to make their premiums payments in a hassle-free and secure manner. Besides, enabling them to execute service requests on a real-time basis. The Bima Central platform will aid our customers to easily manage their policies, effectively acting as an anytime anywhere service touchpoint.”

 Mr. Banker, further added, “Life insurance is a long-term product therefore we urge customers to hold their policies in the dematerialised form. This mitigates the challenges associated with loss or damage of the physical policy document.”
For nominee/appointee change, Bima Central has integrated with DigiLocker for customer’s Aadhaar based KYC verification. For bank account update, it uses AI-OCR tech to read the cancelled cheque image and then does a penny-drop validation through CAMSPay APIs. All the data including the cheque images are passed on to the insurer and a full audit-trail is maintained for future reference.

 Bima Central has a renewal reminder service for all policies in eIA, where eIA holders get notified about due renewals 30 days and 15 days in advance. Users can then login to pay renewals on this platform for integrated insurers like ICICI Prudential Life, SBI General etc, where the latest renewal premium is accessed from insurer systems in real-time and payment is facilitated through insurer preferred payment gateways. To facilitate these payments, Bima Central has integrated with multiple payment gateways.

 “With life insurer and non-life insurer basic service integrations in place, Bima Central has now created a standard, replicable set of processes and APIs that will allow faster on-boarding of insurers and will allow us to build more use-cases. We are grateful to ICICI Prudential Life and SBI General who have been our founding insurers-partners in this journey” explained Mr. Vivek Bengani, CEO, CAMS Insurance Repository.

The RBI’s decision to reduce the repo rate by 25 basis points to 6.25% has been warmly welcomed by the real estate sector. This policy move is seen as a boost for the market, as lower borrowing costs can lead to increased liquidity, stimulating both residential and commercial development projects. Developers and investors are optimistic that reduced interest rates will drive affordability, encourage new investments, and create a healthier market environment. The decision is expected to foster stronger market confidence and promote sustained growth, ultimately benefiting consumers and strengthening the overall economic landscape. This initiative is eagerly embraced by experts.

Manoj Gaur CMD Gaurs Group and Chairman CREDAI National

The repo rate cut by RBI is a very welcome move. Coming at the heels of a people’s friendly budget, the repo rate cut of 25 bps announced by RBI will definitely infuse positive sentiments in the economy. Coupled with the income tax rebate, and tax concessions on second home and rental income, it will not only infuse liquidity in the market but also leverage the real estate sector’s investment potential. Real estate nationally has seen some good investment nationally in the past year and this trend is bound to continue in the coming quarter with this announcement.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

The RBI’s repo rate cut to 6.25%—its first in nearly five years—provides a significant boost to India’s real estate market. Lower borrowing costs are set to enhance home affordability and fuel buyer confidence, particularly in the mid-income and premium segments. With our sector already making a substantial economic impact, this move paves the way for accelerated growth, increased project funding, and a thriving ecosystem that supports sustainable urban development.

Amit Modi Director, County Group

RBI’s decision to lower the repo rate by 25 bps to 6.25% brings relief to the real estate sector. The real implication of this move lies in the change in the stance of the central bank—this is the first rate cut in five years. This not only indicates a softening in RBI’s outlook but also carries a huge psychological implication for the market and leads us to expect more such reductions in the future.

Sanjay Sharma, Director, SKA Group

Central bank’s initiative not only aims to control inflation but also seeks to boost market sentiment. The first week of February has brought highly positive signals for the market, especially for the real estate sector. First, the budget introduced income tax relief, and now, with the repo rate being reduced by 25 basis points, the market is poised for an upswing. This decision will benefit both the general public and the sector at large.

Uddhav Poddar, CMD, Bhumika Group

A rate cut after five years is definitely a big moment for the country and indicates the direction of the RBI, this will raise the spirit of the entire economy and the real estate sector in specific. On the one hand, it will make purchasing properties cheaper it will also encourage consumption. But more than everything, this step will boost market sentiments and lead us to hope for more such rate cuts in the future.

Sandeep Chhillar, Founder and Chairman, Landmark Group

The RBI’s proactive rate cut, coupled with favorable announcements in Budget 2025, sets a positive tone for the real estate sector. Reduced interest rates will lower EMIs for first-time homebuyers, making homes more accessible. We welcome this decision by the government which will drive long-term growth across various segments.

Kushagr Ansal, Director Ansal Housing

The RBI’s move to cut the repo rate by 25 bps to 6.25% is a welcome signal for the sector. As a developer, this decision means lower financing costs and increased liquidity, which will help us pursue new projects and support broader economic growth.

Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group

The RBI’s decision to cut the repo rate by 25 basis points is a welcome move, especially after the growth-focused announcements made in the Union Budget 2025. With lower financing costs and increased liquidity, this step will directly benefit the real estate sector allowing both developers and home buyers easier access to credit. This will also stimulate demand across both residential and commercial segments. Thus, we look forward to a surge in activity in the sector following this announcement.

Dr. Amish Bhutani, Managing Director, Group 108

For a long time, there had been expectations that the RBI would cut the repo rate. Now, following the budget, the RBI’s decision to reduce it by 25 basis points is highly positive not only for developers but also for investors. This move will further improve market sentiment, and in the coming times, both the commercial and residential real estate markets are expected to witness significant growth. This decision clearly indicates that the government is strongly committed to boost the real estate sector.

Sanjeev Arora, Director, 360 Realtors

After a prolonged period, RBI has taken the decision to reduce the repo rate by 25 basis point. With inflationary pressure under control, this is a positive step for Indian economy. In addition to enforcing macroeconomic discipline, the heightened liquidity will help in driving demand and boost the consumer market. This will surely help residential, commercial, and hospitality real estate in India in a positive and organic manner. The industry was waiting for a repo rate cut since long and the recent correction by the GOI is indeed a welcome move.

Yash Miglani, MD, Migsun Group

With this 25-basis points rate cut, the RBI has sent a strong message of economic support, ensuring a more favorable lending environment. This move, along with recent budgetary measures, is set to enhance capital flow, strengthen buyer sentiment, and catalyze growth in key sectors. Lower borrowing costs will not only make credit more accessible but also encourage spending and investment, creating a positive ripple effect across the economy.

Gurpal Singh Chawla, Managing Director, TREVOC

The RBI’s first rate cut in nearly five years is a pivotal move. Cheaper borrowing costs, combined with recent tax concessions, create a strong tailwind for real estate. This shift isn’t just about affordability—it’s about renewed confidence in housing investments and liquidity flow.”

Manit Sethi, Director, Excentia Infra

A 25 bps reduction in the repo rate will have a ripple effect across the real estate sector. It will not only lower borrowing costs for developers but also sustain buyers’ interest in the sector. Notably, this could trigger an increase in property transactions, particularly in Tier 2 and Tier 3 cities where affordability and infrastructure are key growth drivers. This will make homeownership more feasible and encourage developers to expand their footprints in these high-potential regions.

Rajjath Goel, Managing Director, MRG Group

The RBI’s decision to cut the repo rate by 25 bps comes as a timely boost for the real estate sector. Lower interest rates translate to more favorable financing options, even for high-ticket properties. Combined with the increased disposable income from recent tax reforms in the Budget, this is an opportune moment for the sector, and we expect a sustained growth in sales this year.

Mukul Bansal, MD, Motiaz

“The RBI’s decision to reduce the repo rate by 25 basis points reflects a strategic effort to balance economic growth with inflation control. This timely move comes as the real estate market gains strong momentum. The lowered interest rates are expected to fuel greater enthusiasm among homebuyers, while also motivating developers to launch new projects and meet the evolving demands of a diverse buyer base.”

Vishal Sabharwal, Head Sales, Orris Group

“The RBI’s decision to cut the repo rate by 25 bps is a welcome move that aligns with the government’s progressive economic outlook. Lower interest rates will not only improve home loan affordability but also strengthen buyer confidence, driving real estate demand. Coupled with the Union Budget’s pro-housing measures, including tax relief and infrastructure investments, this monetary easing will provide the much-needed momentum for sustainable sectoral growth.”

Prateek Mittal, ED, Sushma Group

“The recent cut in the repo rate to 6.25%, coupled with the revised income tax slabs, is a significant boost for the real estate sector. Lower interest rates will make home loans more affordable, while increased disposable income will enhance buyers’ purchasing power. This combination is set to drive demand, particularly in emerging markets. At Sushma Group, we are optimistic about the positive impact this will have on both homebuyers and the overall economy.”

Piyush Kansal, Executive Director, Royale Estate Group

The rate cut by the RBI, along with the structural reforms in Union Budget 2025, will stimulate both the supply and demand sides of the real estate sector. As legal frameworks become more investor-friendly and financing costs decrease, we expect a surge in both domestic and foreign investments in real estate, further strengthening the sector.

Ashwani Kumar, Pyramid Infratech

Amidst the surge in demand for high-end properties, a reduction in the repo rate is a significant move that will take sector’s growth to new heights. This decision reflects the government’s responsiveness to buyer sentiments, setting the stage for increased sales and market activity. We anticipate sustained interest from buyers, while financial institutions and banks are likely to introduce more attractive lending options, further boosting the sector’s momentum.

Prakash Mehta, Chairman and Managing Director, Ocus Group

‘The RBI’s decision to cut the repo rate by 25 basis points to 6.25%, coming on the heels of a people-friendly budget, is expected to relieve borrowers and encourage fresh investments, creating a ripple effect across industries by improving liquidity, making home loans more attractive for buyers, and strengthening overall economic dynamics, which in turn will boost consumer confidence, accelerate demand in key sectors, and contribute to sustained economic growth in the long run.

Harsh Gupta, CEO, Sundream Group

The 25 bps reduction in the repo rate is a welcome step that will infuse optimism in the market. Even a marginal cut can have a significant impact by improving consumer confidence, encouraging home purchases, and boosting real estate investments. We hope this marks the beginning of a series of policy measures aimed at driving growth.

Neeraj Sharma, MD, Escon Infra Realtors

The RBI’s decision to cut the repo rate by 25 bps marks a pivotal step toward fostering economic growth and easing financial burdens on homebuyers. At a time when the Union Budget has already signalled a middle-class-friendly approach, this move further strengthens affordability and market sentiment. A sustained reduction in interest rates will enhance liquidity, drive housing demand, and provide a much-needed boost to the real estate sector.

Dimple Bhardwaj, Spokesperson Raheja Developers

The announcement by RBI to slash the repo rate by 25 bps is welcome news. Coming after two years of status quo, the market had waited long for this moment. Even though the quantum is not huge still it will have a huge psychological impact on the market. When seen in conjunction with the budget 2025 the RBI’s move will help people fulfill people’s housing dreams and boost the real estate sector.

Ajendra Singh, Vice President Sales and Marketing, Spectrum Metro

Reserve Bank of India’s decision to cut the repo rate after five years is a highly positive step for the real estate sector. This move will not only provide relief to homebuyers but also boost the real estate market and the overall economy. The 25-basis point reduction clearly indicates that the RBI is keen on stimulating the country’s economic growth. Following the budget announcement, this is the second major decision in a week that will help strengthen the economy.

This Valentine’s season, Mindscape SOCIAL is all about celebrating love in its most beautiful forms—love for art, love for music, love for friends, and most importantly, love for yourself! Whether you’re planning a cozy date, a fun Galentine’s outing, or just want to indulge in creativity and good vibes, we’ve got a lineup of heartwarming experiences waiting for you. And to make it even sweeter, enjoy limited-time Valentine desserts, delicious drinks, and exclusive offers that add a little extra love to every moment! ????

Here’s what’s happening at SOCIAL near you:

Art Workshops – Tap into your creativity with a fun and interactive art session.

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Cine@SOCIAL: Salaam Namaste – Enjoy a cozy movie night with the classic rom-com, Salaam Namaste.

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Bachata Sundowner @SOCIAL – Dance the evening away to the rhythm of Bachata in a relaxed, sunset vibe.

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Cine@SOCIAL: 50 First Dates – Laugh and love with the timeless romantic comedy, 50 First Dates.

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Cine@SOCIAL: P.S I Love You – A heartfelt movie night with P.S I Love You to celebrate love.

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Couples Mixology Masterclass – Learn the art of cocktail making in a fun and interactive session for couples.

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✨ Whether you’re single, taken, or simply here for the vibes, come and celebrate love the SOCIAL way!

Mumbai, 10th Feb, 2025 – Ascendion, a global leader in AI-driven software engineering, is expanding its presence in the Philippines with the continued integration of Collabera Digital under the Ascendion brand. This move strengthens the company’s position as a leader in AI-driven software engineering and talent growth.

Ascendion aims to create at least 6,000 new jobs in the Philippines, leading to an estimated economic impact of at least $500 million over the next three years. The Philippines will play a larger role in the company’s global delivery operations, with AI-driven software engineering as a key focus. Every Ascendion software engineer in the Philippines will receive AI deployment certification, ensuring that the workforce is equipped for the next generation of software development.

“Our commitment to the Philippines has never been stronger. We are redefining how we serve clients and empower local talent with global capabilities,” said Karthik Krishnamurthy, CEO of Ascendion. “We are creating a stronger, more agile organization that will deliver transformative growth for the Philippines. Our focus is clear: bring cutting-edge AI-powered platforms, leverage the Philippines to serve global clients, and create global opportunities for engineers in the Philippines.”

AI-Powered Software Engineering in the Philippines
Ascendion is making the Philippines a major delivery hub for AI-enhanced software development, combining human expertise with AI to improve productivity, efficiency, and innovation. Key initiatives include:

· AI-Enabled Engineering Teams – Hundreds of AI agents will assist engineers in code generation, software testing, and risk mitigation.

· 100% AI Certification for Software Engineers – Ascendion’s Philippines-based engineers will receive specialized AI training to stay ahead in an evolving tech landscape.

· AI Studio Manila – A new facility dedicated to collaborative AI development, innovation, and software engineering research.

“By integrating our capabilities, we are creating a future where the Philippines is a global leader in AI innovation,” said Manan Mehta, Senior Vice President, Global Growth Markets at Ascendion. “With one of the most tech-savvy populations in the world, the Philippines is uniquely positioned to lead in AI-powered digital transformation. Ascendion is committed to creating transformative digital solutions at a global scale and positioning the Philippines as a trailblazer in the next wave of digital innovation.”

Delivering AI-Driven Results for Global Clients
Ascendion engineers in the Philippines are already working with Fortune 500 companies to apply AI in software development, improving efficiency and reducing costs. Recent success stories include:

· A logistics leader transforms a $33 billion unit by eliminating manual tasks, boosting data-driven decisions by 70%, and halving operational costs and time through advanced ML forecasting.

· A leading payment solutions provider boosts productivity by 50% with intelligent automation tools, experiencing expanded service reach

· A healthcare innovator achieved a 90% reduction in data migration costs and 75% faster deployment, saving over 5,000 hours annually.

New Platforms to Support AI-Powered Talent Growth
As part of its expansion, Ascendion is bringing two AI-driven platforms to the Philippines:

· Ascendion AVA+ – An AI-first software engineering accelerator that improves productivity, risk management, and time-to-market.

· MeTAL – A talent orchestration platform connecting Filipino professionals to high-impact projects across global enterprises.

These platforms are designed to enhance career opportunities for Filipino engineers while improving how businesses adopt AI for software engineering.

Building a Stronger AI Ecosystem in the Philippines
By integrating Collabera Digital with the Ascendion brand, the company is creating a stronger, more agile organization that is well-positioned for growth in AI-powered software engineering. The expanded footprint in the Philippines will:

· Hire 6,000+ skilled AI-enabled Ascenders over three years

· Provide AI-first software solutions to global enterprises

· Strengthen Manila’s role as a key center for AI-powered software engineering

February 10, 2025 – NDTV is thrilled to announce the return of the NDTV Food Awards 2025, a prestigious event dedicated to honoring India’s exceptional culinary talent. This year’s awards promise to be bigger, better, and bolder, reflecting the dynamic evolution of the nation’s food and beverage industry.

In 2024, the awards recognized outstanding establishments such as Indian Accent in New Delhi, awarded Best Fine Dining Restaurant, and Olly in Gurugram, honored as Best Cafe and Casual Dining Restaurant. Inja, The Manor in Delhi, was celebrated as the Best New Restaurant. (View full winners list)

This year, the awards will feature an expanded range of categories, including premium and casual dining, regional Indian delicacies, modern Indian concepts, and outstanding cocktail bars and nightlife venues, capturing the multifaceted nature of the industry. Building on the success of previous years, the NDTV Food Awards continue to celebrate the rich diversity of India’s gastronomic landscape.

With NDTV’s reputation for trust and credibility, the NDTV Food Awards stand as one of the most respected and prestigious accolades in the culinary world. To add to the authenticity and integrity of the selection process, NDTV has associated with EY, as the process advisor, underscoring our commitment to a transparent and fair evaluation process. In other words, earning an NDTV Food Award is a mark of excellence, giving the winners an undisputable edge.

Here are some of the jury members for this year’s awards:

•  Maria Goretti – Chef & Digital Creator
•  Parth Bajaj – Chef & Digital Creator
•  Sanjyot Keer – Chef & Digital Creator
•  Tara Deshpande – Chef & Digital Creator
•  Zarine Khan – Chef & TV Host

Registrations for the NDTV Food Awards 2025 are now open and will close on February 16, 2025. We invite all eligible establishments to participate in this grand celebration of culinary excellence.

The journey to the grand finale begins with rigorous regional rounds across North, East, Central, West, and South India. A panel of distinguished tastemakers and the NDTV Food editorial team will curate a shortlist of top contenders in each category. These finalists will then compete in the grand finale, where an esteemed jury will select the winners.

The NDTV Food Awards 2025 is not just a celebration of exceptional culinary talent but also a platform to highlight the innovation and passion driving India’s food and beverage sector. Join us in applauding the pioneers and visionaries shaping the future of Indian gastronomy.

Gokaldas Exports registered a robust total income growth of 79% and 65% growth in profits on a YoY basis in 3QFY25. The company, during the quarter ended December 31, 2024, reported a consolidated total income of
₹ 1001 Crore compared to ₹ 560 Crore in the same quarter last year and a consolidated profit after tax of ₹ 50 Crore compared to ₹ 30 Crore in the previous year 3QFY24.

Key Highlights:

Commenting on the company’s third quarter, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, “In 3QFY25 Gokaldas Exports has reported significant jumps in our reported total income, PAT and EBITDA. We have crossed the Rs 1000 crore total income milestone for the first time in the quarter. EBITDA margins improved sequentially, indicating a healthy performance. We expect business volume to pick up in both the acquired entities in upcoming quarters with the sustained stable performance of the company going forward.”

Mumbai – February 10, 2025: Maharashtra won two gold medals in the Kho Kho event at the 38th National Games 2025, in both the men’s and women’s categories. In the finals, held this week, Maharashtra defeated Odisha in closely contested matches.

 In the men’s final, Maharashtra outplayed Odisha with a scoreline of 32-26, securing the top position. Similarly, in the women’s final, Maharashtra narrowly defeated Odisha with a score of 31-28. This impressive victory allowed Maharashtra to secure two gold medals in the Kho Kho event at the National Games 2025.

 Gajanan Maruti Shengal led the Maharashtra men’s team while the women’s team captain Sampda Lahu More led the team to victory. Pratik Waiker and Priyanka Ingle, who captained India in the Kho Kho World Cup 2025, were also part of the Maharashtra team, adding strength to the team.

 Odisha, displaying immense grit and determination, finished with silver medals in both the men’s and women’s tournaments, replicating their performance from the previous edition of the National Games.

 The bronze medal matches provided equal excitement, with both the men’s and women’s contests extending into sudden death rounds (each team gets an additional turn to score). In the men’s category, West Bengal and Kerala were jointly awarded the bronze medal after an intense battle. Similarly, the women’s third-place match between Delhi and Karnataka also resulted in a tie, with both teams sharing the bronze medal honours.

 The Kho Kho event at the National Games 2025 in Uttarakhand witnessed a spectacular display of agility, teamwork, and sportsmanship, further elevating the profile of this indigenous sport on the national stage.

Mr. CS Setty, Chairman, SBI:

“The RBI decision to start the easing cycle with a 25-bps cut was timely, contextual, and also well communicated with respect to regulatory changes in transition to ensure a seamless and non-disruptive manner. The RBI growth and inflation forecasts for FY26 clearly show the delicate tradeoff between growth and inflation. The regulatory announcement on forward contract, reviewing trade settling cycle and addressing cyber security in banks and payment systems will ensure better price discovery, more broad basing of participants and ensuring trust in digital banking.”