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21 October, 2024, Mumbai: Alembic Pharmaceuticals Limited (Alembic) today announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Diltiazem Hydrochloride Extended-Release Capsules USP, 120 mg, 180 mg, and 240 mg.

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Dilacor XR Extended-Release Capsules, 120 mg, 180 mg, and 240 mg, of Allergan Sales LLC (Allergan). Diltiazem Hydrochloride Extended-Release Capsules USP are indicated for the treatment of hypertension. Diltiazem hydrochloride may be used alone or in combination with other antihypertensive medications, such as diuretics. It is also indicated for the management of chronic stable angina. Refer label for a detailed indication.

Diltiazem Hydrochloride Extended-Release Capsules USP, 120 mg, 180 mg, and 240 mg have an estimated market size for twelve months ending June 2024 according to IQVIA.

Alembic has a cumulative total of 217 ANDA approvals (190 final approvals and 27 tentative approvals) from USFDA.

Bangalore, October 21,2024 : This Diwali, illuminate your festivities with the brilliance of natural diamonds from the Millemoi Collection by De Beers Forevermark, a perfect gift to celebrate the season of joy, light and togetherness. As families gather for traditional poojas, card parties and the exchange of gifts, the Forevermark Millemoi Collection offers an exceptional way to commemorate these moments.

The name Millemoi is inspired by the Italian word “mille,” meaning “thousand,” and the French word “moi,” meaning “me.” It celebrates the diversity and individuality of women, reflecting the many roles they embody in life. The Millemoi Collection beautifully captures this essence, with its flowing bands of gold and dazzling natural diamonds symbolizing the different facets of tradition, personal expression, and strength. Just as Diwali celebrates light, joy, and togetherness, this collection represents the beauty of life’s many layers, making it a meaningful and timeless choice for the festive season.

Each piece in this collection combines swirls in shades of gold held together with the beauty of solitaire Forevermark diamond, symbolizing depth, elegance and resilience. The collection includes striking rings, delicate earrings, a beautiful bangles and elegant pendants, showcasing the brilliance of Forevermark diamonds, each uniquely inscribed to symbolize quality, rarity, and ethical sourcing.

This Diwali, gift more than just jewellery – give a timeless treasure. Whether it’s a charming pendant for a festive outfit or a statement ring for a card party, the Millemoi Collection enhances every tradition, just as the diyas light up your home.

From pre-Diwali shopping sprees to Lakshmi Pooja, the Millemoi Collection offers jewellery that beautifully complements every tradition. Its multi-strand design symbolizes the interconnectedness of life, while the diamond at the heart of each piece reflects purity and brilliance, akin to the Diwali diyas lighting up our homes. With its intricate craftsmanship, the collection ensures that whether you’re selecting a gift for a loved one or indulging yourself, the De Beers Forevermark Millemoi Collection will always be a reminder of the joy and warmth of this festive season.

New Delhi, 21st October 2024 : MVPRockets, a product development powerhouse, is revolutionizing the startup landscape. Founded by Giridharan Natarajan and Praveen MV, the company has empowered over 25 startups across 5 countries who in turn have gone on to raise more than  in funding Accel, Y Combinator, Bessemer Venture Partners, and Jungle Ventures and many more – cementing its position as the premier partner for rapid product development for some of the top startups, consulting companies and successful enterprises building high quality products.

Led by a team of seasoned professionals who have worked in some of the most successful tech giants like Yahoo, Microsoft, Thoughtworks and SAP, who have founded 5+ startups, raised venture funding & exited businesses before, MVPRockets brings unparalleled expertise to every project – not just in product & tech but as a valued partner who understands fundraising, growth and startup success. The company’s offerings span Product design &  Development, MVP Development, Tech Stack Modernization, and GenAI Product Development, with an impressive average time-to-market of just 75 days.

Commenting on the same, Mr Giridharan, CEO MVPRockets shared, “Our vision is to be the catalyst that transforms innovative ideas into market-leading products. Our background allows us to not just build products, but to shape success stories. We’ve been in our clients’ shoes, facing the same challenges and pressures while building our own startups. This experience enables us to anticipate obstacles and create solutions that truly resonate in the market. At MVPRockets, we’re not just service providers – we’re co-creators of the next wave of innovation.”

MVPRockets’ impressive client roster includes some of the most promising startups backed by top-tier venture capital firms, founded by top entrepreneurs who often come from exceptional alma mater(IITs, IIMs, Harvard & other IVY league global schools) & have worked in successful  firms like McKinsey, Goldman Sachs, Uber etc.. The company also collaborates with leading consulting firms & successful enterprises to drive corporate innovation, bringing startup agility to large enterprises.

As it expands globally, MVPRockets remains committed to fueling the next generation of tech innovation, empowering both startups and enterprises to build products that exceed market expectations.

Mumbai, India – October 21, 2024: Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC), has partnered with Matrix Gas & Renewables, a key player in natural gas aggregation and green hydrogen, to develop India’s first and largest Green Steel production facility. This facility will utilize 100% Green Hydrogen, marking a significant step forward in sustainable steel production. It is one of three pilot projects sanctioned under the National Green Hydrogen Mission by MECON, in alignment with the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE), representing significant technological advancement in sustainable steel production in India.

The project’s total capital expenditure (capex) is estimated at INR 321 Crore, with the Government of India providing 50% capex incentives to support this groundbreaking initiative. This investment underscores the shared commitment of both the government and the consortium to promote sustainable development and reduce carbon emissions in the steel industry.

The facility will employ direct reduced iron (DRI) vertical shaft technology to convert iron ore into sponge iron. Developed for Indian-grade ore, this process will support Matrix’s broader goal of establishing similar Green Steel plants for medium- to small-scale producers in Chhattisgarh, Odisha, and other regions across India. Traditionally, sponge iron production relies on fossil fuels, emitting CO₂ in the process. By utilizing green hydrogen produced with renewable energy, this new approach will replace coal and natural gas, eliminating CO₂ emissions—a major leap forward in clean iron production.

Consortium members: Matrix Gas & Renewables Ltd., Gensol Engineering Ltd., Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden) will collaborate on this pilot plant, which will have a capacity of 50 tons per day (TPD). Matrix will oversee the entire project lifecycle, including land acquisition, environmental assessments, and all critical phases of design, engineering, procurement, and logistics. The scope of work will cover the manufacturing, supply, erection, inspection, installation, testing, and commissioning of the facility, along with the development of supporting infrastructure.

Commenting on this landmark development, Chirag Kotecha, Whole-time Director, Matrix Gas and Renewables Ltd., said, “We are proud to lead such a transformative project in India’s steel industry. This facility not only demonstrates our commitment to green hydrogen and sustainable practices but also places us at the forefront of India’s clean energy transition. We look forward to contributing to the nation’s renewable energy goals and collaborating with the Government of India and key stakeholders to ensure the success of this initiative under the National Green Hydrogen Mission.”

This project aligns with the Government of India’s vision for a sustainable future, reinforcing the nation’s commitment to green energy solutions while enhancing its industrial capabilities. The awarding of this contract highlights Matrix’s expertise and proven track record in delivering innovative energy solutions.

HDFCB saw mixed results; core PAT was in-line, but NII/NIM and net slippages were a miss, offset by higher fees and lower opex. Pre-merger LDR was 85-87% (now 99.8%), which could be achieved in 2-3 years. Hence, loan growth is guided to be lower than system for FY25, in line with system for FY26 and faster than system for FY27. While our LDR assumptions are in line with guidance, loan growth estimates for FY26/27E are lower since deposit environment remains constrained. NIM is seeing a drag as LDR fall is generating excess liquidity, which could be utilized to prepay liabilities basis negotiation with lenders. However, HDFCB would like to keep the balance sheet fortified suggesting that liquidity could remain in surplus. Hence, we trim NIM for FY25/26E by 5/7bps, which is neutralized by increase in fees and reduction in opex; our core PAT does not change materially. We roll forward to Sep’26 core ABV but our TP is intact at as we tweak the multiple to 2.4x from 2.5x. Retain ‘BUY’.

•  Lower NII/NIM offset by better fees/opex: NII was lower at (PLe Rs311.1bn) due to miss on NIM, which came in at 3.59% (PLe 3.71%) owing to lower loan yields and increase in liquidity. Loan/deposit growth was 7%/15% YoY. CASA ratio fell to 35.3% (36.3% in Q1FY25). LDR fell QoQ from 103.5% to 99.8%. Other income was higher at  due to higher fees. Opex at  was 2.3% below PLe. Core PPoP at  was largely in-line; PPoP was  . GNPA saw a blip and rose by 3bps QoQ to 1.36% (PLe 1.28%) due to higher net slippages. Provisions were a tad better at  (PLe Rs29.9bn) due to provision reversal on AIF investments . core PAT, adjusted for provision write-back, was largely in-line .
•  Loan mix improves; LDR falls at a faster pace: Loan growth was soft at 1.3% QoQ led by IBPC sell down of Rs1.14trn and decline in corporate. Retail/CRB grew by 2.6%/4.2% driven by HL, BuB and emerging corporates. Stress in PL/CC was in control for HDFCB (vs peers) due to slower growth over the last 18 months. HDFCB could gain market share in unsecured as most of the stress related to the merger has been recognized, which could support NIM over the near to medium term. Advances growth rate is guided to be lower than system for FY25, in line with system for FY26 and faster than system for FY27. LDR fell to 99.8% (vs 103.5% in Q1FY25); the bank operated at an LDR of 85-87% pre-merger, which could be achieved in 2-3 years.
• Liquidity to be preferred over NIM: Faster LDR reduction is generating excess liquidity, which the bank intends to use for prepayment of liabilities if opportunity arises, although a chunk of liabilities is non-callable. Hence, LCR increased QoQ from 123% to 128%, and there was shift in liquidity from investments to cash, which caused a drag in NIM. HDFCB suggested that liquidity would be preferred over margins to the extent balance sheet strength is intact. Hence, we cut NIM for FY25/26E by 5/7bps to 3.52%/3.59%.

Vidisha Srivastava, popularly known as Anita Bhabi from &TV’s cult comedy Bhabiji Ghar Par Hai, is all set to celebrate Karva Chauth with great excitement. Vidisha reveals that this festival has always been special even before she got married to Sayak Paul. In this exclusive chat, she shares her plans for this year’s Karva Chauth and how she continues to make this day memorable.

Do you have any special plans for this Karva Chauth?

Karva Chauth has always been a cherished occasion for me, and this year, I have decided to make it even more special by dressing up as a bride for my husband (laughs). I love this festival for many reasons, one being the opportunity to wear a beautiful saree and do the solah shringar (sixteen adornments). Every year, I choose a different shade of red for the occasion and enjoy shopping for it. But this time, I plan to re-wear the saree from my wedding day – it is a gorgeous red chunari. I am excited to see my husband’s reaction when he sees me dressed as a bride again. Karva Chauth is that one day of the year when we get to deck up like brides for our husbands and celebrate love.

Do you fast every year?

Yes, I fast every year. You might be surprised to know that my husband also fasts with me! We started this tradition even before we got married. His love and devotion make me feel incredibly lucky. Sometimes, he even says, ‘You don’t need to fast, I’ll do it for you instead’. It is moments like these that make the day so special for us.

Are you shooting for Bhabiji Ghar Par Hai on Karva Chauth?

Yes! I am excited because we are likely to shoot a Karva Chauth-themed episode around that time. So, it will be double the celebration for me—both onscreen and offscreen. I cannot wait!

Which Karva Chauth has been the most memorable for you?

Every Karva Chauth is memorable because we celebrate it as a family. I perform the puja with my sister-in-law, and all the women in our society gather with their Kalash to offer prayers. The anticipation to see the moon, and finally breaking the fast by drinking water from my husband’s hands, is always special. But if I had to pick one, it would be my first Karva Chauth. I secretly fasted for my then-boyfriend and now-husband, without telling anyone. It turns out, he did the same for me! Our families eventually figured out why we were not eating that day (laughs), but it is a special memory I cherish deeply.

What is the most special gift you have received on Karva Chauth?

I am not a demanding wife at all. I always tell my husband not to bring me gifts, but he surprises me with something special every year. Our relationship is unique, and I feel a deep sense of happiness when I receive a gift – not because of the material value but because of the love and thought he puts into it. It is the effort behind the gift that makes it truly special.

This Diwali, Prodigy Finance extends its warmest wishes to all Indian students, whether studying in India or abroad. Diwali is all about light, hope, and new beginnings, and it resonates with every student who is aspiring for higher education. This year, the company has introduced some new courses and universities in the UK, expanding on its list of 480+ supported global universities across 19 countries. This will give more options to students who want to study abroad.

Among the esteemed institutions joining their network is the University of East Anglia, located in Norwich. This university has many programs across multiple faculties. Students can choose from 2 programs in the Faculty of Medicine and Health Sciences, 30 programs in the Faculty of Social Sciences and 6 programs in the Faculty of Science. The university already has more than 1000 international students and also offers many scholarships.

Additionally, Prodigy Finance has partnered with the University of Stirling. It offers a variety of postgraduate degrees including MSc, LLM, MPP, MBA, and MA. The University of Stirling is known for providing high quality education that prepares students for careers and according to its website, has a 96% employability rate.

The University of Dundee has also joined the list of partner institutions and offers a wide selection of programs across its multiple schools. Students can choose from 34 programmes in its School of Business, 13 courses in the School of Humanities, Social Sciences and Law, MSc Biomedical and Molecular Sciences with Entrepreneurship, or study medicine with 2 courses in the School of Medicine. Furthermore, there are 7 master’s programs available in the School of Science and Engineering.

The University College London (UCL) – School of Management is now also part of the Prodigy Finance portfolio. This partnership allows students to pursue an MBA program that is globally recognized for its curriculum and faculty.

Alliance Manchester Business School, a highly reputed MBA school, is now a supported institution. With a reputation of being one of the top business schools in the UK, Alliance Manchester Business School provides a challenging and rewarding academic environment to help students thrive in today’s complex business world.

The addition of these universities and courses is a testament to Prodigy Finance’s commitment to making education accessible to all students. Sonal Kapoor, Global Chief Commercial Officer of Prodigy Finance, said, “Diwali reminds us of the power of knowledge to dispel the darkness. Just as a single lamp can light many others, education has the power to transform lives and create a brighter future. These new offerings are a step towards our mission of making global education accessible to more students.”

Offering no-collateral and no-cosigner loans allows for extended services to a wider range of students who may not have traditional means of securing funding for their education. Prodigy Finance continues to foster partnerships with leading universities worldwide.

Hyderabad, October 21, 2024- Lodge Keys No. 297, the primary unit of Freemasonry organized CPR Training program on Saturday morning for three hours at Goshamahal Baradari Masonic Building. It was conducted by GVK Green Health Services. It was the second in the series.

Shri Janaki Ram Sharma, Philanthropist and member of Freemasonry; Dr Ranga Reddy Burri, President, Infection Control Academy and Chair, P. Veerabhadrudu, Assistant Regional Grand Master graced the inaugural function.

40 drivers, watchmen, street vendors, and the general public were trained. Lodge Keys aims to train 1000 people in the city free of cost in the next 12 months. It is a high-end practical training program that makes every participant very confident to perform CPR said D. Ramchandram, member of Lodge Keys No. 297 who is cording the initiative.

Each participant was trained on a mannequin. This program was organized as part of the community outreach program of Lodge Keys No. 297 which is taken up on the eve of the 30th anniversary of Lodge Keys No. 297. More training programs are lined up.

The Apartment Associations, Residential Welfare Associations, Clubs, Social Organisations, Lions, Jaycees and other NGOs can reach out to Lodge Keys .

Cardiac arrest can happen at any time, anywhere to anyone. Precaution is the best way to handle it. Learn CPR and be a CPR BRAND AMBASSADOR said K Janaki Ram Sarma.

Just 2% of the population is trained in CPR in India, it is a sad state of affairs Dr Ranga Reddy Burri.

Without CPR 92% die before making it to the hospital. Every minute without CPR survival rate decreases by 10%. 9 in 10 people in cardiac arrest die said P. Veerabhadrudu.

But CPR can help improve if performed in the first few minutes of cardiac arrest. CPR can double or triple a person’s chance of survival said D. Ramchandram, Project Coordinator of “Let the Hearts Beat”, a community outreach initiative of Lodge Keys No. 297.

CPR is an essential Life skill and everyone must be trained.

October 21, 2024, Kashipur: The Indian Institute of Management (IIM) Kashipur successfully hosted the third edition of  annual finance conclave, Vriddhi 2024, under the thought-provoking theme, “Bridging Innovation and Tradition: The New Frontier in Finance.” The event, moderated by Prof. Vaibhav Bhamoriya, Assistant Professor at IIM Kashipur, brought together some of the brightest minds in the finance industry to engage in enriching discussions about the intersection of technological innovation and time-honored financial practices.

The esteemed panel featured:

• Vinay Agrawal, MD & Head of Finance GCC, BNP Paribas
• Sanjeev Agrawal, Head of Tax & Customs, BMW India
• Rakhi Aswal, Chief Financial Officer, SAXO Group
• Archana Agarwal, Chief Financial Officer, SUN Group

The conclave opened with a critical discussion on financial stability during geopolitical tensions. Mr. Vinay Agrawal, MD & Head of Finance GCC, BNP Paribas highlighted that “there is no one-size-fits-all solution” when navigating such uncertainties. He urged organizations to diversify risks across different products and industries, advising them to innovate continuously to respond to evolving market conditions.

Mr. Sanjeev Agrawal, Head of Tax & Customs, BMW India addressed the growing unpredictability of global markets. He emphasized the need for organizations to streamline financial operations and maintain transparency, essential for building trust and resilience. Looking ahead, he predicted that data privacy would become a top priority in India, with strict implementation in the near future.

Ms. Rakhi Aswal, CFO of SAXO Group, spoke on the transformative role of technology in finance. She pointed out that “finance has become more real-time,” with traditional data entry tasks being replaced by analytical work. As she underscored the rising importance of technology, Ms. Aswal also noted the accompanying risks, such as cybersecurity threats, but acknowledged the numerous opportunities that have opened up as a result. She also discussed how the demand for new skill sets has shifted beyond accounting knowledge.

Ms. Archana Agarwal, CFO of SUN Group, focused on the delicate balance between innovation and tradition. She stressed the importance of upholding ethics and values in finance, stating that these are timeless principles. “While things have changed over the past three decades, ethics and values remain fundamental,” she said. Ms. Agarwal further highlighted the need for a human touch in financial services, emphasizing that innovation and tradition must coexist harmoniously.

In her predictions for the finance sector, Ms. Agarwal pointed to information processing and global data sharing as critical future dimensions. She suggested that collaboration in data sharing could lead to enhanced solutions, tailored to the needs of the people.

Prof. Utkarsh, Chairperson of Placement and Corporate Relations, expressed his enthusiasm for the conclave’s success: “I am thrilled to share that the Finance Conclave was a tremendous success. Stalwarts from the finance industry enlightened our students on emerging trends, offering invaluable insights into the innovative practices shaping the future of finance. Their expertise and perspectives have not only broadened our students’ understanding but also inspired them to embrace the dynamic changes in the industry with confidence and curiosity.”

Prof. Deepak Verma, Chairperson of Placement and Corporate Relations, reflected on the relevance of the conclave’s theme: “I am pleased to reflect on the success of this year’s Finance Conclave, which focused on bridging the gap between innovation and tradition in the finance industry. The discussions on regulatory and compliance aspects, especially in relation to emerging technologies and new-age fintech, were particularly enlightening for our students. These insights provided a comprehensive understanding of how innovation can coexist with established financial practices, equipping our students with the knowledge to navigate the evolving landscape of finance.”

The conclave concluded with an interactive Q&A session between students and the esteemed guests. This session allowed students to engage directly with industry leaders, gaining personalized insights and exploring the future of finance from multiple perspectives.

Vriddhi 2024 has undoubtedly enriched the minds of IIM Kashipur’s students, providing them with valuable knowledge and motivation to embrace both innovation and tradition as they prepare to enter the evolving world of finance.

The Mall of Faridabad proudly marks its one-year anniversary as the premier destination for shopping, entertainment, and fashion. In just one year, it has established itself as the go-to hub for residents not only in Faridabad but also in neighboring cities, including Noida, Delhi, and Gurgaon.

To commemorate this milestone, The Mall of Faridabad welcomes visitors to a week-long celebration with exciting deals and rewards. From October 16 to October 23, the Mall presents exclusive anniversary offers, including the chance to win free movie tickets! Visitors who shop worth more can experience the latest blockbusters on the big screen.

Abhishek Bansal, Executive Director, Pacific Group, says, “Reflecting on our first year, we’re grateful to our community for accepting The Mall of Faridabad as a space for shopping and entertainment. We strive to continue to make the experience of our shoppers and visitors memorable, and we look forward to serving even better in the years to come. We extend our heartfelt thanks to our loyal customers for making this journey possible!”

As the ultimate destination for visitors’ needs, The Mall of Faridabad has become synonymous with BadiKhushiyonKaBadaMall. This shopping haven continues to cultivate joy and excitement, making it the perfect place for shopping and entertainment.