Tag Gurugram

Gurugram, India, 16th July 2024 – Over the last 2-3 years, the real estate sector has seen robust growth across various asset classes led by strong demand and a favourable economic environment. With the full-fledged Union Budget for 2024 just round the corner, the real estate sector is eagerly waiting for policy measures that could determine the sector’s trajectory and the likely outcome for the next few years. Indian real estate has continued to remain upbeat during the first half of 2024 across all asset classes, a reflection of prevailing optimism in domestic markets. Office and residential sector witnessed steady growth, while institutional investments remained sturdy asserting positive business sentiments. Office leasing activity in H1 2024 across the six major markets of the country has already almost touched 30 msf, almost 20% higher than the corresponding period in 2023. Stable interest rates, moderate inflation levels and strong high-frequency economic indicators further supported demand growth across key real estate verticals.

Delivering on the expectations of stakeholders, the Union Budget 2024 has the potential to become a defining moment and can play a crucial role in the sector reaching USD 1 trillion by 2030. Stakeholders’ expectations for Union Budget 2024 are across diverse aspects, and encompass focussed announcements on housing, infrastructure, sustainability, affordability & liquidity enhancement, taxation reforms and regulatory simplification.

“The upcoming Union Budget 2024, under the newly elected government, is set to focus heavily on infrastructure development, a critical aspect for the real estate sector. With real estate sector expected to contribute 13-15% of the Indian GDP by 2030, stakeholders are hopeful for grant of ‘infrastructure’ status, a long-standing demand. This could significantly ease access to institutional credit and reduce borrowing costs for developers, fostering growth and investments. Additionally, standardisation in definition of affordable housing can improve consistency in financing criterion across institutions and potentially simplify access to credit for interested homebuyers within the segment.”, said Badal Yagnik, Chief Executive Officer, Colliers India.

Housing sector expected to remain at the forefront during Union Budget 2024

The momentum in residential real estate across major cities has been on the upswing for the last few years. Homebuyers and developers expect further impetus from the government in the upcoming budget. Targeted measures can buoy homebuyer sentiment, providing a demand-side boost and simultaneously alleviate pressing developer concerns, providing a supply-side boost.

Homebuyers’ wish list for budget include:

• Separate & higher deduction for housing loan principal repayment (upto INR 500,000), currently capped at INR 150,000 under section 80C.
• Limit on tax deduction on interest paid should be increased from the current INR 2 lakhs to about INR 4-5 lakhs in case of self-occupied property.
• Extension of tax benefits under 80EEA which was applicable for loans (first time homebuyers in affordable housing segment) availed till March 2022 and increasing the current capping of INR 150,000.
• Standardisation and rationalisation in “Affordable Housing” definition across government schemes and financial institutions can help eligible homebuyers qualify for availing lucrative financing options in the particular category.
• Tax exemption on rental income to boost housing demand especially amongst investors.

Developers expect tax rationalisation and incentives for green buildings:

• GST reduction on key raw materials such as cement, steel and aluminium will help in controlling project costs.
• Re-introduction of Input Tax Credit (ITC) for under construction properties
• 100% tax holiday for affordable housing projects under Section 80IBA can be re-introduced.
• Increased fund allotment through SWAMIH fund for improving liquidity in stressed residential projects.
• Extension of PMAY timelines beyond December 2024 encouraging greater developer participation in affordable housing segment
•  For increased emphasis on sustainable development, tax holiday can be provided for green buildings. Incentivisation of green buildings through minimum alternate tax or tax breaks similar to infrastructure sector will be particularly beneficial.
•  For development of senior living facilities, provision of tax-based incentives, relaxation in development charges and other supportive policy measures will provide a thrust to developers and institutional investors to increasingly foray in the segment.

Industrial segment expects supportive government policies and concessional tax rates

Stakeholders expect supportive government policies and higher allocation in infrastructure expenditure to provide a thrust to the industrial and warehousing segment. With government’s continued focus on development of multi-modal logistics parks and logistics corridor, clear governance mechanisms and an enabling environment would be pivotal for successful implementation and timely completion of logistics infrastructure. Improved and effective logistics network can be critical in demand growth for warehousing spaces, particularly in tier I & tier II cities. MSMEs also expect rationalization of GST in the initial years of establishment, subsidized loans and reduction in income-tax slabs. Further, there could be an increase in allocation of funds towards upskilling and vocational training in manufacturing sector which will spur growth in the sector. Key expectations include:

• Rationalization of import-export tariffs expediting India’s integration into global supply chain.
• Rationalization of GST for MSMEs in the initial years of establishment
• Extension of concessional corporate tax rate of 15% for manufacturing start-up companies, which expired on March 31, 2024 to boost manufacturing in the country and support the Make-In-India initiative.

“Infrastructure has consistently been at the core of the budget and this is reflected in the invariable increase in outlay every year. Increased allocations towards infrastructure for increasing connectivity through roads, rail, ports and airports under the aegis of flagship schemes such as National Logistics Policy (NLP) and PM Gati Shakti, are likely to drive significant real estate growth in smaller cities. Moreover, clear governance mechanisms and an enabling environment would be pivotal for successful implementation and timely completion of logistics infrastructure. The overall emphasis on infrastructure can unlock the potential of tier II and III cities, fostering economic growth and urban expansion,” said Vimal Nadar, Senior Director, Research, Colliers India.

Increased budgetary considerations for a sustainable future

Sustainability and green initiatives are becoming increasingly important worldwide, and India’s real estate sector is following suit. Promoting investment in green bonds and renewable energy can help India achieve net-zero emissions by 2070 and meet sourcing 50% of energy needs from renewable sources by 2030. The government can consider incentivising users to replace grey hydrogen with green hydrogen, providing incentives for R&D particularly with respect to energy storage and transmission. Other key expectations include:

•  Incentivising investment in green bonds and renewable energy business
• Extended subsidies for EVs under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, including light to heavy commercial vehicles.
• Production-linked incentives for companies involved in EV charging stations and battery manufacturing. Viability gap funding for startups in battery swapping and on-demand battery technologies.

Enhancing ease of doing business in real estate

The upcoming budget should focus on enhancing the ease of doing business by further reducing compliance burdens. Simplifying the tax and regulatory framework for private equity players, venture capitalists, and start-ups will also help foster a healthy business environment. Key expectations include:

• Reducing excess compliance and adopting a single-window clearance mechanism for new businesses
• Expediting the digitization of land records, especially for industrial and commercial use

Keeping global uncertainties and financial volatilities in mind, overarching measures towards rationalization of taxes and increasing disposable income can be particularly well received. Expectations include measures aimed at easing the tax burden on individuals, possibly through revised income tax slabs, increased deduction limits, or other progressive reforms. Moreover, simplification of capital gains tax regime can also be a welcome move. Further, investments made in REITs can get tax exemption which can provide a thrust to retail investors.

In conclusion, the upcoming budget can build upon the groundwork that has been in progress for the last few years and take actionable measures towards the next phase of economic growth. Infrastructure, construction, and real estate, by virtue of the ripple effect, will continue to support India’s journey in becoming the third largest economy by 2030.

GURUGRAM, India, July 13, 2024– After 8 city rounds, over 1300 participants, and an intense competition, Monkey Shoulder’s ‘Ultimate Bartender Championship’ crowned Denzil Frankil from Sixteen33, Mumbai as the winner. The thrilling finale for the Ultimate Bartender Championship took place at Samskara Resort, Jaipur bringing 20 exceptional finalists from across India, all vying for the prestigious title. The contenders showcased their skills in challenges centered around key bartending talents like ingredients, mixing, pouring, nosing, and perfecting the ultimate serve.

Monkey Shoulder’s ‘Ultimate Bartender Championship’ crowned Denzil Frankil from Sixteen33, Mumbai as the winner Having proven his exceptional skills and creativity, Denzil Frankil will now attend Camp Monkey, an exclusive annual gathering of Monkey Shoulder Brand Ambassadors and fellow championship winners from around the world at Goa in November 2024. Along with exclusive gifts from Monkey Shoulder, this title grants him unparalleled exposure, networking opportunities, and the chance to hone his craft under the mentorship of industry experts.

The jury members for the finale included Monkey Shoulder’s Global Brand Ambassador – Joe Petch, Global Brand Ambassador – Monkey Shoulder, Gagan Saggi – Founder Indulge India, Karan & Avantika – Founders Fola and Upstairs Club.

Gaurav Sareen, Indian Brand Ambassador, Monkey Shoulder said, “At Monkey Shoulder, we take immense pride in celebrating the extraordinary artistry and skills of bartenders. This year’s Ultimate Bartender Championship has truly showcased the best of mixology talent, providing a dynamic platform for remarkable individuals to shine. It’s inspiring to witness the flourishing bartending community in India, and we are committed to supporting them as they strive to meet global standards. We extend our heartfelt congratulations to Denzil Frankil from Mumbai on this remarkable achievement and wish him continued success in his promising career.”

Sharing his thoughts on the finale, Joe Petch, Global Brand Ambassador and Judge said “The Ultimate Bartender Championship’s legacy continues to ignite incredible talent across India. The creativity and passion within the Indian bartending community are truly inspiring. It was an absolute honor to be on the judging panel and witness this remarkable creativity and dedication firsthand.”

“The Ultimate Bartender Championship has seen phenomenal year-on-year growth in participants, showcasing the rising excellence of India’s bartending community. The talent and passion on display throughout the competition were truly awe-inspiring. At Monkey Shoulder, we are committed to supporting and uplifting the trade community, and Denzil Frankil from Mumbai’s achievement is a shining example of his expertise and dedication. We celebrate his outstanding performance and extend our heartfelt thanks to all the participants, judges, and guests who made this event a grand success,” said Kapila Sethi Kad, Head of Marketing, William Grant & Sons.

Gurugram, 10 July 2024: CARS24, India’s leading AutoTech company, has today released its highly anticipated DriveTime Quarterly Report for Q2 2024. The period from April to June (AMJ) marked a dynamic time for salaried professionals, as the appraisal season brought promotions, bonuses, and new roles. This quarter, approximately 48.5% of all car buyers were salaried professionals celebrating their career milestones by purchasing personal cars.

As cars become a necessity, more corporate employees are choosing to invest in personal vehicles for their daily commutes and lifestyle upgrades. This shift is driven by a rise in disposable incomes, attractive financing options, and a desire for enhanced personal mobility. Notably, the majority of these purchases were made by employees in metro cities such as Delhi, Mumbai, and Bengaluru, underscoring the urban demand for personal vehicles. However, the pre-loved cars’ popularity extends beyond metro cities, with explosive growth seen in non-metro markets. Agra, Coimbatore, and Nagpur are leading the charge, highlighting the widespread appeal and demand for personal vehicles and the growing love for pre- owned cars across the country.

Gajendra Jangid, Co-founder of CARS24: “This quarter has been nothing short of extraordinary. With so many services coming in, we’re seeing incredible diversity in our customers’ car preferences and buying patterns. It’s been exciting to evolve alongside our customers and witness how the future of car ownership in India is taking shape.”

DriveTime quarterly report by CARS24 navigates through such interesting trends that shaped India’s buying behaviour in the quarter gone by.

Pre-Loved Car Market Grows > 10% Surge in Tier II Cities

Cities like Agra, Coimbatore, Nagpur, and Vadodara witnessed significant growth in sales during the second quarter, with a 25% increase in sales on average per city, respectively. This surge can be attributed to the economic growth in these cities and rising disposable incomes. The growing awareness of the cost-effectiveness of pre-loved cars is driving more buyers to opt for second-hand vehicles, with popular models including the Grand i10, Swift, Baleno, Kwid, and Honda City ( sabki pasand)

Interestingly, other cities including Ahmedabad, Bengaluru, Hyderabad, Mumbai and Pune also saw a remarkable surge in pre-loved car sales. These cities have all experienced an increase in sales in the second quarter. This trend indicates that the nation is increasingly moving towards vehicle ownership, with pre-loved cars emerging as the smarter choice. Offering a blend of affordability and reliability, these vehicles are appealing to the modern consumer.

People recognize that pre-loved cars offer significant savings, providing similar functionality and reliability at a fraction of the price of new cars. This makes them an attractive option for budget-conscious consumers. Additionally, robust digital infrastructure and expanding online marketplaces have made it easier to browse and purchase used cars with confidence, ensuring transparency and trust. As a result, there’s a growing inclination towards pre-owned vehicles.

Consumer Favourites and Emerging Trends

· Top Cars: Maruti Suzuki Swift and Hyundai Creta remain the crowd favourites, leading the pack in popularity.

· Dominant Brands: Maruti Suzuki, Hyundai, Honda, and Tata continue to reign supreme in the market.

· Rising Stars: Kia and MG are gaining traction with a notable uptick in interest and sales.

· Most Purchased Models: Hyundai i10 and Maruti Alto top the charts as the most bought models.

· 2024 Bestsellers: Grand i10 and Baleno are the highest- selling models this year.

· Swift Upgrades: A remarkable 70% of first-time buyers are opting to upgrade directly to the Swift.

· Luxury Picks: The most expensive car sold was the Fortuner, fetching INR 33 Lakhs.

· Budget Choice: The Alto K10 holds the record as the cheapest car sold at INR 70,000.

Interestingly, Tata’s market share has grown from 4% to 7%. Kia, Nissan, and MG are also seeing increased market presence.

SUV Models like MG Hector, Nissan Magnite and Jeep Compass become a crowd favourite
The SUV-centric trend has extended beyond new cars, making its presence felt in the used car market with a 4-6% growth since FY21. This year, standout SUVs like the Brezza, Sonet, Ecosport, XUV300, Taigun, and Tiago are dominating Indian roads. Over the last five years, the share of SUVs has increased from 10% to almost 20%, reflecting a significant shift in consumer preferences.

Here’s the current breakdown of body types in the used car market:

· Hatchback: 60%

· Sedan: 21.%

· SUV: 19%

So while SUVs are gaining popularity, Hatchbacks continue to be the undefeated king. However, in the second quarter, hatchbacks have lost some of their market share to sedans, while SUVs continue to see a rise in popularity.

In the used car market, Maruti Suzuki leads with a 34.5% share, followed by Hyundai at 26.9%, and Honda at 10.6%. The Grand i10 and Baleno are the highest-selling models in 2024, overtaking the Swift, which was the top choice in 2023 and 2022. SUV models are seeing the highest jump in popularity, with the MG Hector experiencing a 4x increase, Nissan Magnite a 2x increase, and Jeep Compass a 2x increase in 2024 compared to 2023.

Unique Gifting Trends Boost Car Sales in Q2 2024
In the April to June (AMJ) quarter, CARS24 observed an increase in sales, driven not only by personal needs but also by the desire to gift vehicles to family members. This surge was particularly evident on May 10th, during Akshaya Tritiya—a day traditionally celebrated for initiating new ventures and making significant purchases believed to bring good luck and prosperity. Most cars were sold on Akshaya Tritiya this quarter, reflecting the cultural significance and the perception of pre-owned cars as both a wise financial choice and a bringer of good fortune.

Furthermore, the DriveTime Quarterly Report highlights that unconventional gifting days like Mother’s Day and Father’s Day contributed significantly to this trend, with over 300 cars sold across the country on these occasions. Interestingly, Mother’s Day (May 12th) saw higher sales compared to Father’s Day (June 16th), suggesting a growing tradition of gifting pre-loved cars to mothers. This trend underscores the appreciation for mothers, hinting that they are perhaps taking their new wheels out for a spin more often, enjoying the mobility and freedom that comes with owning a car.

The report also points out that cars like the Swift, i20, and Creta were among the most gifted models. This preference highlights how pre-owned cars are becoming popular gifts due to their cost-effectiveness and value. As cars become more affordable and accessible, they are increasingly being chosen as thoughtful and practical gifts for loved ones.

Strength and Safety: The New Priorities for Indian Car Buyers
Today’s car buyers are not just captivated by shiny exteriors; they are increasingly prioritising strength, safety, and reliability in their vehicles. This shift signifies a deeper understanding of the importance of long-term value and peace of mind. While fuel efficiency used to be a major deciding factor, it has now taken a backseat as buyers prefer sturdier, safer cars—even with petrol prices at INR 100 per litre and diesel at INR 90 per litre.

Quality and build are now more critical than ever, with 78% of Indian car buyers prioritising safety features such as airbags, ABS, EBD, and ESC. This trend indicates that consumers are looking beyond superficial aesthetics, focusing instead on the structural integrity and safety of their vehicles.

Reflecting this shift, market share of brands like Tata, Mahindra, Volkswagen, and Skoda has increased to 15% These brands, known for their robust build and comprehensive safety features, are becoming more popular among discerning buyers.

Buyers are diligently checking vehicle histories and ensuring cars have been well-maintained. They seek robust performance, enhanced safety features, and lower maintenance costs. They are thoroughly assessing the reliability and overall value of vehicles, making well-informed decisions that blend practicality and style. They are meticulous in ensuring their investment is sound and beneficial in the long run.

Consumers are not just excited about owning a car; they are keen on ensuring their vehicle meets stringent safety standards and delivers dependable performance. This conscientious approach to car buying underscores a significant shift in consumer behaviour, emphasising the importance of durability and safety over mere aesthetics.

Beyond Basics: The Must-Have Features for Indian Car Buyers
Although previous quarters saw an increase in automatic car sales, AMJ quarter saw 80% of buyers opting for manuals. This shift is driven by several factors: cost-effectiveness, better fuel efficiency, greater control, and lower service costs associated with manual cars. Additionally, many Indian drivers perceive manual transmissions as more reliable and familiar, further contributing to this preference.

Features such as sunroofs, GPS-integrated systems, and rearview cameras have become standard expectations for car buyers, enhancing their driving experience. Leather interiors, alloy wheels, ambient lighting, turbocharged engines, and technologies like 360-degree cameras and sunroofs are among the most sought-after features, highlighting a demand for premium yet familiar enhancements.

People are upping their game with fancy number plates. Interestingly, number plates starting with 007 were some of the most popular among customers. Whether it’s because people want to channel the charm of “Thala” or the coolness of James Bond, these plates are in high demand. After all, who wouldn’t want to feel like a superstar or a secret agent every time they drive?

Value-added services are also on the rise, with consumers spending an average of INR 10,000 on extended warranties and tech upgrades. This trend reflects a commitment to enhancing the overall car ownership experience, as today’s consumers seek not just utility or luxury, but also peace of mind and comfort.

INR 328 Crores in Car Loans Drive Car Ownership Trends
Used car financing is transforming car ownership in India, empowering more people to achieve financial independence. The average age of buyers has dropped from the mid-40s to the early 30s, with younger individuals increasingly turning to loans to facilitate their purchases. This shift highlights the growing accessibility and financial flexibility in the used car market, enabling people to realise their dreams of car ownership earlier in life.

In the second quarter, loans worth INR 328 crores were disbursed, thanks to an innovative financing model that skips traditional down payments. This approach is particularly popular with first-time buyers, signalling a major shift towards easier car purchasing options. Millennials are driving this trend, eager to enhance their mobility and enjoy personal transport.

This financing wave is not confined to urban centres; about 30% of loan applicants in Q2 2024 came from Tier 2 and Tier 3 cities, indicating that car financing is reaching Bharat. The Hyundai Grand i10 is a favourite choice across the nation. The average EMI for used cars in Q2 was INR 12,000.

Women have taken a prominent lead in car financing this quarter. They have secured 10% higher loan amounts than men, reflecting their growing economic empowerment and confidence in financial management. They are also getting their loans approved faster and consistently paying their EMIs on time. This trend underscores women’s increasing role in reshaping societal norms in India and their desire for independent mobility.

Fun Facts

1. The Lowest loan amount was INR 93,000 for the model Alto k10

2. The Highest Loan amount was 16 lacs for the model TATA Harrier

3. 30% of people received the option of zero down payment because we firmly believe that nothing should stand in the way of making your car dream come true.

Time for Upgrade : People sold cars worth INR 1500 crores to CARS24
In the second quarter of 2024, Indians continued to embrace the opportunity to sell their cars to CARS24 with transactions worth INR 1500+ crore. This period witnessed an uptick in seller participation, fueling a lively and bustling market. Customers played a pivotal role in narrowing the demand-supply gap by introducing newer cars into the mix.

People are increasingly choosing to sell their cars for several reasons. Many are looking to upgrade to newer models more frequently, reflecting a shorter ownership cycle driven by advancements in automotive technology and changing personal needs. Additionally, the desire for enhanced features, better fuel efficiency, and lower maintenance costs are compelling reasons due to which we are also experiencing a shorter ownership cycle of 4-6 years as compared to 8-10 years earlier.

Ruko Zara, Ab Hum Aapki Gaadi Bhi Chalayenge: Introducing Autopilot We understand that life is too short to spend behind the wheel stuck on the Gurugram-Delhi highway ( or the roads of Bengaluru, Mumbai ) so why drive when you can be driven? This quarter, we launched Autopilot at CARS24 to make life more convenient for car owners. So whether it is a work commute or a road trip across the country, Autopilot has your back with 2000+ rides covered. We observed a few interesting trends.

With 85% of our trips happening within the city, it’s clear that navigating city traffic is a real hassle, more people need drivers to escape the traffic and we’re there to do just that

Nearly 50% of the trips were one-way, with journeys setting off without a set return plan.

Interesting trends from Autopilot

· Weekend Warriors: Fridays and Saturdays saw the most trips start, perfect for spontaneous getaways. Indeed, 45% of all trips were taken on weekends, with 61% of our outstation adventures beginning on these leisurely days.

· Father’s Day Fun: On June 15th, just before Father’s Day, we saw a 30% increase in users opting for Autopilot, making for stress-free rides and a perfect surprise for dads.

· Morning Rush: Our busiest hours are between 8 AM and 12 PM. It’s clear nobody wants to deal with morning traffic, and Autopilot helps prepare for the day ahead

· Top Destinations: Uttarakhand and Himachal Pradesh emerged as favorite outstation spots, with customers eager to escape to cooler climes and breathtaking views.

Gurugram, 21st March 2024: Healthians’ flagship initiative, Health on Wheels has achieved 26,000 kilometers’ milestone, bringing vital healthcare services to thousands across India’s diverse landscapes. With a steadfast commitment to equitable healthcare access, Healthians is revolutionizing the delivery of essential services directly to communities’ doorsteps.

Since its inception, Health on Wheels has conducted more than 300+ camps nationwide. Through this innovative approach, Healthians bridges the gap between healthcare services and underserved populations, ensuring that every individual, regardless of location or circumstance, has access to quality healthcare. The initiative has helped many senior citizens, expecting women, among others to have access to healthcare diagnostics at their doorstep.

Deepak Sahni, the founder of Healthians, emphasizes the transformative impact of Health on Wheels, stating, “Our mission extends beyond diagnostics; it’s about empowering individuals to claim their right to healthcare access. Through Health on Wheels, we’re not only dismantling barriers; we’re reshaping the very fabric of healthcare accessibility in India.”

As Healthians continues to pioneer healthcare innovation and impact, it remains steadfast in its dedication to building a healthier, more inclusive society for all.

By extending its services to marginalized communities and remote regions, such as Delhi NCR and Jaipur, Healthians remains steadfast in its mission to democratize healthcare and prioritize the health and well-being of every individual, regardless of location or circumstance.

Established in 2015 by serial entrepreneur, Deepak Sahni, Healthians is committed to providing reliable health test services to individuals across India. With operations in over 250 cities and a network of 20+ certified laboratories, Healthians ensures that everyone can access quality healthcare from the comfort of their homes. Through the expertise of certified and trained phlebotomists, Healthians prioritizes precision and care in every sample collected, reaffirming its commitment to excellence in healthcare delivery.

The Health on Wheels initiative was conceptualized and launched by the company in May 2022.

Gurugram, 15th March 2024: Udit Pathak, Founder Director , Media Mantra Group – India’s leading independent PR and integrated communications conglomerate, announces the launch of his much-anticipated podcast series, ‘Pure Reality With Udit’. With an unwavering commitment to authenticity, the video podcast series delves into the untold narratives of entrepreneurship, spotlighting the trials, tribulations, and triumphs of industry leaders in their pursuit of success.

Officially launched on YouTube, Instagram, ‘Pure Reality With Udit’ aims to provide listeners with an intimate glimpse into the behind-the-scenes struggles encountered by entrepreneurs across various industries. By sharing these powerful narratives, the podcast promises to offer invaluable insights and inspiration to aspiring business leaders navigating their own entrepreneurial journeys. The episodes are also available on Spotify, Amazon Music, and Apple Music.

Reflecting on his own journey and success, Mr. Udit Pathak, Founder Director of Media Mantra Group, said, “Success is often portrayed as a glamorous destination, but the road to get there is rarely discussed. Having started working at the tender age of 16, I understand first-hand the challenges and obstacles that entrepreneurs encounter along the way. While everyone knows me as a successful entrepreneur, few are aware of the hardships and sacrifices that paved the way for my achievements. With this podcast, I want to give back to the community by shedding light on the realities of entrepreneurship and empowering others to persevere in the face of adversity.”

The podcast will feature candid conversations with accomplished entrepreneurs from various industries who will share their personal accounts of overcoming adversity, making tough decisions, and persevering through setbacks. By offering a raw and authentic perspective, ‘Pure Reality With Udit’ aims to demystify the entrepreneurial experience and provide valuable insights for those embarking on their own business ventures.

Excited about her association with the series, the show’s Co-Host, Ms. Mamtaa. Dhingra, Founder, Lateral Sutraa and Award Winning Podcaster of Unbound with Mamtaa, added,” This is a golden-era of content creation and India with its 57.6 million monthly listeners is already the third-largest podcast listening market in the world. This is my third podcast series in less than two-years and I am thrilled at the sheer promise of the series ‘Pure Reality With Udit’. Udit with his sharp business acumen and an inherent curious nature brings to the show a refreshing approach as he digs insights from the realstories and lessons of those who have navigated familiar territories and negated challenges. This series is a much-needed initiative to sheds light on the authentic stories of entrepreneurial grit and perseverance. For me personally this is a true extension and growth of my podcasting journey. “

With its compelling storytelling and emphasis on authenticity, ‘Pure Reality With Udit’ is poised to become a must-listen for aspiring entrepreneurs, business students, and anyone seeking inspiration from the trials and triumphs of those who have walked the path before them.

Mumbai / Gurugram, 13 March 2024: Emaar India proudly unveils “Shram” – a skill development programme for construction workers, tailored specifically for its workforce and in alignment with Emaar India’s commitment & focus on skill upgradation for Environmental, Social and Governance (ESG) Excellence”. This adherence is part of Emaar India’s 53rd National Safety Week Celebration.

“Shram” is an 80-hour comprehensive training initiative designed to equip construction workers with essential skills and knowledge vital for excelling in various job roles, encompassing essentials of bar bending & steel fixing, masonry, shuttering and carpentry. This programme will commence at the Urban Oasis project initially, followed by implementation at Emaar Business District in Sector 114, Gurugram.

This pioneering programme underscores a dual emphasis on theoretical comprehension and practical learning, with a paramount focus on safety practices intrinsic to the construction industry. Participants will gain invaluable insight into safety and health protocols, first aid procedures, and emergency planning crucial for on-site worker safety.

In a strategic partnership with Lok Bharti Education Society, Emaar India endeavours to uplift blue collar worker communities by endowing individuals with vocational expertise indispensable for securing sustainable livelihoods within the construction industry.

Mr Kalyan Chakrabarti, CEO of Emaar India, stated, “I firmly believe that ‘Shram’ will catalyse transformation within a segment of society traditionally overlooked in terms of upskilling. Honouring Hon’ble Prime Minister Shri Narendra Modi’s vision of ‘Viksit Bharat by 2047’, this is a small contribution of Emaar India to improve the quality of talent pool in the country. By empowering our workforce, we can ensure a safer and more productive construction environment, educating them in the various areas of construction processes.” He further stated that this training program will provide digital and financial literacy, developing soft skills and introducing them to safety, health, hygiene and housekeeping.”

“Shram” aims to furnish workers with the requisite skills to navigate construction sites safely and efficiently – priorities often sidelined within the unorganised segment. Through expert-led on-site training, coupled with informative lectures and discussions, followed by final evaluation and assessment Emaar’s initiative seeks to empower the blue-collar workforce comprehensively.

Emaar India envisions “Shram” as a pivotal stride towards enhancing the construction industry’s safety standards and worker welfare. By equipping workers with valuable skills and knowledge, Emaar India aims to establish a new benchmark for ethical construction practices in India, integrating principles of ESG at the heart of its operations.

Gurugram, 2024: Nestled in the heart of Gurugram city, The Leela Ambience Gurugram Hotel & Residences invites you to experience the perfect Holi long weekend featuring its welcoming hospitality. The hotel presents The Leela Getaway, available from March 23rd to March 25th. Alongside, indulge in an exceptional ‘Holi Brunch’ with a specially curated menu on March 24th.

The stay package features an exciting lineup of offerings, including deluxe rooms, traditional Indian sweets upon welcome, a hearty breakfast buffet, a souvenir from your stay, and a hotel credit of INR 2000 and ‘Phoolon wali Holi’ celebrations. This exclusive opportunity offers a luxurious The Leela Getaway to celebrate the festival with joy and festivity.

The Holi Brunch

This year, Holi is going to be all the more fun with the delectable Holi Brunch hosted by the hotel. The elaborate spread planned at Spectra, an award-winning restaurant, is bound to bring out the best of the day. A specially designed menu will be ready to entice and delight you; the offerings feature everything from Indian traditional mithai to flavored kulhad milk and lassi.

Gurugram, March 2nd: A recent event, organized in collaboration with PHD Chambers of Commerce, aimed to foster connections between Polish and Gurugram businesses. This initiative included the participation of Mr. Tomasz Szypula, Chairman of PTAK WARSAW Expo (Poland), and Mr. Kazimierz Cwikla, Vice President (Head of Development and Expansion).

During the gathering, Gurugram and Polish entrepreneurs engaged in a productive discussion focused on advancing and developing their respective industries. Notably, at the request of Mr. Gunjan Mehta, Chairman of the National Human Welfare Council and founder of the Gurugram Industrial Expo, Polish businesses agreed to sign a Memorandum of Understanding (MoU) with Gurugram’s industrial organizations. Additionally, a delegation of Gurugram businessmen was invited to visit Poland.

Gurugram: A Hub for Industry

Mr. Gunjan Mehta emphasized Gurugram’s position as a prominent center for the automotive, IT, and apparel industries. He highlighted that Poland hosts approximately 75 international fairs showcasing these very products annually. Recognizing the potential for collaboration, Mr. Mehta, who actively engages with businesses in India and abroad, facilitated this meeting to connect Indian exporters and manufacturers with Polish counterparts seeking raw materials for their garment industry.

Meeting Attendees and Significance of the MoU

The gathering featured representatives from various sectors, including entrepreneurs associated with the Udyog Vihar garment sector, Chief Pattern Colonel Raj Singhla, PHDCCI Deputy Secretary General Naveen Seth, Shri Rajneesh, President of the Chambers of Commerce Udyog Vihar Association, Shri AK Kohli, and Col. Raj Singhla.

Commenting on the signed MoU, Mr. Gunjan Mehta declared, “This agreement will act as a catalyst for industrial growth in both countries, propelling their economies towards sustained progress.” Furthermore, he extended an invitation to Gurugram industry leaders to visit Poland as a delegation to gain insights into both nations’ businesses, demand trends, and product and service quality. This initiative, readily accepted by the Polish Chairman of PTAK WARSAW EXPO, underscores the commitment to fostering meaningful collaboration between these two regions.

Gurugram, India – February 26, 2024: Samsung Electronics Co., Ltd. will unleash new mobile experiences with Galaxy AI at Mobile World Congress 2024, which kicks off today in Barcelona, Spain. Visitors to the Samsung booth will experience Galaxy AI hands-on across all Galaxy products, centered around Galaxy S24 series which leads the way into a new era of mobile AI. Galaxy AI[1] will also be expanded across the Samsung portfolio, including more intelligent productivity with Galaxy Book4 series, intelligent health with Galaxy Watch6 series, and Galaxy Ring which is being publicly displayed for the first time.

“Our latest Galaxy products and innovations unlock the power of mobile AI to empower users in their everyday lives to open up new possibilities,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “At MWC this year, we’re excited to showcase Galaxy AI across our portfolio, including Galaxy S24 series, proving just how powerful these devices are in enabling a better, more intelligent and connected future.”

Introducing a New Era of Mobile AI

Samsung will present the AI features of Galaxy S24 series that empower user’s communication and creativity, brought to life in everyday scenarios at the booth. This includes features such as Live Translate[2] powered by on-device AI for two-way, real-time translations of phone calls that defy language barriers. Circle to Search with Google[3] enables quick and easy, more intuitive searching to make new discoveries with just a simple gesture. Also on show will be Note Assist[4], which simplifies and organizes complex texts, as well as Generative Edit[5], which allows a user to freely resize or reposition subjects within photos for more creative freedom.

Samsung has also organized a space where visitors can check out the powerful camera performance of Galaxy S24 series. In the zone resembling a dim concert hall, close-up shots can be taken of small objects placed on stage to utilize the Nightography capabilities of Galaxy S24 series, upgraded to be more stable in low light thanks to Galaxy’s AI-based ProVisual Engine[6].

These Galaxy AI capabilities are soon to be expanded to existing Galaxy models, including Galaxy Z Fold5, Z Flip5 and Tab S9 series, as well as Galaxy S23 series and S23 FE[7]. In addition, Samsung is offering the chance to experience enhanced productivity first-hand with Galaxy Book4 series, set to launch globally from February 26. Displayed at the Samsung booth, connectivity features on Galaxy devices will demonstrate how users can elevate productivity seamlessly, such as easy transfer and editing of photos and videos between Galaxy S24, Galaxy Book4 and Galaxy Tab S9.

More Connected Wellness Experiences, Powered by AI

Samsung will be displaying its intelligent health lineup at MWC, offering users even more personalized and seamless health experiences with the transformative power of AI, across even more devices. As part of this portfolio, Galaxy Ring is being unveiled as a new health form factor that simplifies everyday wellness, supporting smarter and healthier living via a more connected digital wellness platform – Samsung Health.

Samsung is also set to exhibit upcoming intelligent health features. For example, My Vitality Score[8] offers personalized health insights based on multiple factors including Sleep, Activity, Heart Rate and Heart Rate Variability, while Booster Card[9] helps make each day healthier by tracking predefined goals and delivering actionable insights. Visitors will be able to see the benefits of these features on Galaxy Watch6 series paired with Galaxy S24, prior to public availability later this year.

Leveraging Samsung’s SmartThings ecosystem, Samsung is showcasing how the home can be turned into a place for healthier living[10]. Control connected lights to automatically turn off and on for a more optimal sleep[11] or set alerts as a reminder to take medicine. It also allows a user to track exercises and measure heart rate and calories burned in real-time while following a fitness video on a connected TV, all at the same time.

The Samsung Galaxy Experience booth at MWC 2024 is located in Hall 3 of the Fira Barcelona Gran Via.

Gurugram, India – February 22, 2024: Samsung Electronics today announced the availability of Galaxy AI features on more Galaxy devices through a new One UI 6.1 update engineered to further the democratization of mobile AI. The update will be available across the Galaxy S23 series, S23 FE, Z Fold5, Z Flip5 and Tab S9 series, starting to roll out from the end of March. Aligning with the recently launched Galaxy S24 series, this update elevates the standard of users’ mobile AI experience through a hybrid approach that combines on-device and cloud-based AI.\

 “Our goal with Galaxy AI is not only to pioneer a new era of mobile AI but also to empower users by making AI more accessible,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “This is only the beginning of Galaxy AI, as we plan to bring the experience to over 100 million Galaxy users within 2024 and continue to innovate ways to harness the unlimited possibilities of mobile AI.”

Communication That Transcends Barriers

Even more Galaxy users will now be able to take advantage of the communication-enhancing Galaxy AI features available on AI-supported models. The features include the ability to adjust message tone and translate messages in 13 different languages using Chat Assist. Galaxy users can experience the power of real-time interactions through Live Translate, which provides voice and text translations for phone calls. With Interpreter, users can also engage in spontaneous conversations with locals while traveling as the split-screen feature generates text translations for live conversations.

Productivity Unparalleled

The broader integration of Galaxy AI across the Galaxy ecosystem also enables a seamless user experience in day-to-day tasks on AI-supported models, driving new levels of efficiency. Search functions are improved through Circle to Search with Google, which generates intuitive search results with a swift circle-motioned gesture. Life-enhancing organization features such as Note Assist allow users to create formats, generate summaries and translate notes, while Browsing Assist enables individuals to stay up to speed faster by generating comprehensive summaries of news articles. Transcript Assist can also easily transcribe meeting recordings and generate summaries and translations.

Unstoppable Creativity for Your Inner Artist

With Galaxy AI, Samsung is doubling down on its role in unlocking individuals’ creative potential. Galaxy’s latest update delivers a suite of Galaxy AI tools that encourages creative freedom even after a photo is taken. Through Generative Edit, AI-supported devices can easily resize, reposition or realign objects in photos to perfect a great shot. Users can also polish any photo faster and easier than ever with Edit Suggestion. No need for multiple re-shots as Instant Slow-mo10 can generate additional frames for slow-motion videos to capture action-packed moments.

Creativity and personalization do not stop there. Customizing Galaxy devices is even easier than before through AI-generated wallpapers, enabling AI-supported devices to bring users’ creativity to life.