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Mumbai, 7th August 2024: FINQY®️, known for revolutionizing the distribution of financial products, celebrated a significant milestone by securing $2 million in funding. This achievement reiterates FINQY®️’s unwavering commitment to advancing financial services distribution in India through state-of-the-art technology and strategic growth initiatives.

Founded in 2019 by Manish Aggarwal, a seasoned entrepreneur with over 25 years of BFSI sales experience, FINQY®️ stands out with its unique approach of utilizing technology to empower sales professionals in the insurance, credit card, and loan sectors through its innovative B2B2C business model.

With the support of over 100 financial and banking partners, it equips financial distributors as an advanced AI-powered tool, FINQY®️ and its other variations helps streamline complex financial decisions across credit cards, insurance, and loans but also significantly enhance customer engagement and facilitate informed decision-making, marking a significant industry shift.

FINQY®️ achieved a revenue milestone of $9.8 million in FY24. With ambitious plans to expand its customer base, and other sister product offerings, FINQY®️ aims to consolidate its position as a leader in the Indian fintech ecosystem.

Manish Aggarwal, Founder, and CEO of FINQY®️, expressed his enthusiasm, stating, “The confidence shown by investors and customers reaffirms our belief that we are on the right path to address key challenges in the financial market. In today’s information-rich environment, customers seek clarity amidst overwhelming and often inaccurate data. Our mission is to demystify financial services, making them accessible to everyone.

I am excited that our efforts are making a positive impact, facilitated by technology that simplifies decision-making despite the myriad options available. Our vision is to revolutionize financial services distribution through cutting-edge technology and strategic partnerships. Looking ahead, we are committed to introducing additional tools that empower a wide spectrum of financial distributors and customers, aiming to simplify financial decisions and enhance accessibility.”

Over the next 3-5 years, FINQY®️ aims to achieve unicorn status and solidify its position as India’s foremost aggregation platform for financial intermediaries. Central to this vision is the continuous product & offering enhancement and expansion of domestic and international market presence. FINQY®️ is dedicated to transforming the BFSI landscape by integrating advanced technologies such as AI, machine learning, and data analytics into its platform.

FINQY®️’s forthcoming initiatives include developing Q™, a personal finance manager app and Test My Card – a credit card focused product. The company is also exploring getting into investment and wealth management solutions, reinforcing its commitment to innovation and comprehensive financial services.

Mumbai, 06 August 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY.

The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31st July 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

According to government data published in July 2024, the country’s energy consumption reached 145.4 BUs, representing ~4% increase year-on-year.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

• The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.
• The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July ‘24, from 2540 MU in July’23, registering an increase of 31% YoY.
• Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July’24.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

• IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 989.6 MU volume during July’24 as compared to 275.4 MU in July’23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.
• IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

• A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10th July’24 and 31st July’24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively.
• The next REC trading sessions at the Exchange are scheduled on 14th August’24 and 28th August’24.

ENERGY SAVING CERTIFICATES (ESCERTS)

• During July’24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert.

Mumbai – August 06, 2024 – Infor, the industry cloud company, today announced that it is the only vendor named as a Leader in all four of the following IDC MarketScape reports – IDC MarketScape: Asia/Pacific SaaS and Cloud-Enabled SMB/Midmarket Segment ERP 2024 Vendor Assessment1; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Small Business ERP Applications 2024 Vendor Assessment2; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP 2023–2024 Vendor Assessment3; and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Medium-Sized Business ERP Applications 2024 Vendor Assessment4. The IDC MarketScape reports evaluate vendors based on a comprehensive and rigorous framework relative to the criteria and one another, and key strategy criteria included both qualitative and quantitative data resulting in a single graphical illustration of each vendor’s position within a given market.

“The digital world has reshaped businesses’ of all sizes focus on moving to the cloud to improve their speed, scale, agility, market share, and competitive advantage. This requires adapting new ERP technologies that enable speed and scale by reducing process steps and clicks, automating every workflow possible, embedding finance to collect and make payments, and helping improve overall decision velocity,” said Mickey North Rizza, group VP, IDC’s Enterprise Software. “The ability to improve the employees’ experience, uncover and utilize insights quickly, and navigate business issues with reliable, modern, and intelligent ERP systems is a foundational layer organization need in the digital world.”

Infor cloud ERP solutions deliver industry-specific capabilities without extensive customizations or integrations by combining the Infor cloud platform built on infrastructure services from Amazon Web Services® (AWS®) and Infor OS. By migrating critical business applications to the cloud, organizations experience automatic upgrades that deliver the latest advances in enterprise functionality.

“We believe Infor’s four placements as a Leader in these four IDC MarketScape’s recognizes our ability to provide ERP CloudSuites that are optimized to serve the specific needs of a variety of industries, including manufacturing, healthcare, food and beverage, distribution, public sector, retail and hospitality.” said Rick Ryder, senior vice president, Infor. “Infor’s CloudSuites utilize Infor’s leading technology platform, Infor OS, to power next-generation user experiences, integrations and workflows – increasing productivity and collaboration. Infor is hyper focused on delivering scalable, flexible, cloud-based applications with industry-specific capabilities, and we believe this recognition by the IDC MarketScape is a testament to our achievement in that area.”

Mumbai, August 6, 2024: Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com, ProFootballNetwork.com and SoapCentral.com, today announced that it has signed an asset purchase agreement, subject to closing conditions, to acquire all the assets of DeltiasGaming.com, a premier source of gaming and esports content in the US. The transaction is for an all-cash consideration of $900K (~INR 7.5 crores) to be paid over one or more tranches and is expected to be closed in the next 45 days.

DeltiasGaming.com had revenues of US $575K (~INR 4.8 crores) for the twelve-month period ending June 2024. Absolute Sports will use its cash reserves to fund the transaction.

With this acquisition, Absolute Sports, which already serves a large gaming audience with its flagship brand Sportskeeda.com, aims to deepen its presence in the gaming and esports media publishing sector in the US region. It intends to leverage Deltia’s Gaming’s loyal user base of almost 1.5 million monthly readers and its long-standing brand equity, to establish the group as an authoritative voice in the gaming media space. The acquisition also provides the group access to a large audience on YouTube and popular gaming streaming network Twitch under the Deltia’s Gaming brand.

” With this acquisition, Absolute Sports will now serve upwards of 5 Million US gaming enthusiasts with high quality gaming and esports related news and analysis content on our various properties.” said Ajay Pratap Singh, CEO of Absolute Sports.

Mumbai, August 06, 2024: Refex Industries Limited (RIL), a leading conglomerate in India, reported its financial results for the first quarter ending June 30th, 2024. The company has registered a 74.78% in revenue growth when compared to Q4 FY24.

The highlights of the Q1 FY25 results include quarter-on-quarter increase in revenue by Rs 252.27 crores from Q4 FY24 to Q1 FY25, year-on-year increase in EBITDA by Rs 8.74 crores from Q4 FY24 to Q1 FY25 and year-on-year increase in PBT by Rs 5.53 crores from Q4 FY24 to Q1 FY25.

The highlights of the Q1 FY25 results include year-on-year increase in revenue by Rs 208.28 crores from Q1 FY24 to Q1 FY25, year-on-year increase in EBITDA by Rs 15.67 crores from Q1 FY24 to Q1 FY25 and year-on-year increase in PBT by Rs 18.12 crores from Q1 FY24 to Q1 FY25.

Mr. Anil Jain, Managing Director, Refex Industries Limited, said, “The performance in April to June quarter for FY 2025 has improved from that of the same quarter last year (Q1 FY24), and also from that of the performance in the previous quarter (Q4 FY24). We are confident of further building on this performance in the coming quarters and are confident of delivering a strong year.”

Mumbai, India – 6th August 2024 – Technip Energies, a world leading engineering and technology company for the energy transition, has been recognized for their exceptional ‘Project Management Essential GLOCAL Approach’ program in the High Impact Hybrid Learning Program category. Their India Learning & Development (L&D) team has bagged the Silver Award at the prestigious ET HRWorld Future Skills Awards 2024. Ms. Judy Manjlekar, Director – People & Culture, Technip Energies India & APAC, received the award along with Ms. Dhanashri Kulkarni and Ms. Sayali Arora from the L&D India team.

Speaking on the occasion, Ms. Judy Manjlekar, Director – People & Culture, Technip Energies India & APAC, said, “This recognition underscores our achievement in fostering a unified understanding of project management, developing a strong pipeline of professionals and tracking significant behavioural changes. This proud milestone reaffirms our unwavering commitment to comprehensive employee development and excellence by integrating global best practices with local insights, thus enhancing our learning, and development initiatives.”

The ‘Project Management Essential GLOCAL Approach’ program has significantly helped in boosting learners’ confidence, accommodating their demanding roles, and empowering Technip Energies’ teams. The L&D program equipped employees with a unified framework for tackling complex initiatives by fostering a standard, shared understanding of project management across all business functions.

Tailored learning paths infusing the global program with local insights ensured that individuals acquired the desired skills needed to excel in their roles specific to complex projects. The program’s dynamic approach, combining live virtual, in-person, and online learning, catered to diverse learning styles and preferences, created an engaged learning group, all led by expert trainers. Participants engaged in practical application through hands-on projects and case studies, with continuous mentorship and support to ensure the effective implementation of new skills.

Technip Energies has always been fostering a culture of continuous learning and professional growth for its employees by offering a diverse range of opportunities to upskill and reskill.

Mumbai, 6th August 2024: Kia India, a leading premium carmaker, continues its growth momentum with 20,507 domestic dispatches in July 2024. The company registers 2.5% Y-O-Y growth compared to the 20,002 units sold in July 2023. The newly launched Sonet claimed the highest contribution to Kia India’s July 2024 sales with 9,459 units, followed by Carens and Seltos with 5,679 and 5347 units, respectively. As per Vahan, Kia India recorded a growth of 26% against the industry average of 9% in the month.

Kia India’s success extends beyond domestic sales, with a strong demand for ‘Make in India’ vehicles in international markets. The company exported 2,500 units in July ’24, with Seltos contributing 932. The Sonet and Carens contributed 740 and 833 units to Kia India’s overseas dispatches for the month.

Mr. Hardeep Singh Brar – Senior Vice President and National Head of Sales & Marketing, said, “We have registered a healthy Y-o-Y sales growth in July 2024, a good head-start for the Q3 and H2 of the year. This reflects the trust and love the customers have in Kia. The success of the newly launched Sonet and the overall performance of our diverse product range demonstrates our commitment to delivering high-quality, innovative, and customer-centric solutions. We are determined to maintain this momentum throughout the year, which should give us all confidence in our future success.”

Mumbai, India – August 2, 2024 – Akshayakalpa Organic, a pioneering organic dairy and food brand, launches its new video podcast series under the title ‘Good Food Talks’. Through this series, the brand intends to increase awareness among consumers about the source and quality of food and its future, as well as the fast-growing health and fitness awareness in modern society.

‘Good Food Talks’ is envisioned as a podcast series where thought leaders, industry experts, and health enthusiasts can express their opinions on the changing world of food and wellness. Each episode will bring viewers closer to home with regard to the importance of organic and healthy eating habits, the journey of food from farm to table, and the broader implications of our food choices on health.

The first episode features Nithin Kamath, an established entrepreneur and the co-founder of Zerodha. The conversation touches upon many various aspects of food and health. These include knowing the origin of our food, the benefits of choosing organic and understanding good food and its impact on our health. It also features topics like the public shift in consciousness over the last 10 to 20 years to healthier living and fitness. Nithin Kamath further shares his personal journey and thoughts on the importance of making informed food choices and how these choices contribute to overall well-being.

Nithin Kamath, Founder and CEO of Zerodha remarked, “The entire Rainmatter Health team keep questioning the source of the food we all consume which led us to investing in startups across various food categories like milk, eggs, vegetables and cereals. With this initiative, Akshayakalpa will nudge more Indians to think about what they consume and how it affects their health.”

Shashi Kumar, Co-Founder and CEO of Akshayakalpa Organic, stated, “We are excited to bring out a series on the Good Food Movement as part of our continuous initiatives to educate and engage the community on the importance of organic and healthy eating. We want to empower consumers to question the source of their food through such conversations, further raising awareness around what they consume.”

The video also discusses the importance of soil health in producing high-quality, more nutritious food. The soil in which food is grown plays an important role in determining its nutrient content and overall health benefits. Healthy soil supports rich plant growth, enhances the flavor of produce, and reduces the need for additional chemical additives, ultimately leading to better food quality.

Akshayakalpa Organic is a company committed to changing the way people eat through healthy organic dairy and food products. In pursuit of the vision ‘Healthy World, Happy World’, Akshayakalpa Organic closely associates with farmers to ensure the highest standards of organic farming and animal welfare.

The first episode of “Good Food Talks” featuring Nithin Kamath is now live on the official YouTube channel and website of Akshayakalpa Organic.

Mumbai, August 2, 2024: Sony SAB’s ‘Wagle Ki Duniya – Nayi Peedi Naye Kissey’ follows the daily struggles and triumphs of the Wagle family. In recent episodes, Rajesh (Sumeet Raghavan) becomes obsessed with the turtle and rabbit comparison. Provoked by Atharva’s (Sheehan Kapahi) ongoing criticism, he starts taking reckless risks, including investing in stocks by mortgaging Vandana’s jewelry. His actions push the boundaries of sanity, causing growing concern among his loved ones.

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In the upcoming episodes, Vandana (Pariva Pranati) discovers Rajesh’s gambling problem and his extreme attempts to earn Atharva’s approval. Despite her efforts to address his strange behavior, their relationship gets strained, leading to frequent conflicts between the once inseparable couple. The growing rift between Vandana and Rajesh starts to affect the entire family, leaving them worried about the situation.

Will the Wagle family find a way to resolve Vandana and Rajesh’s issues and get things back to normal?

Sumeet Raghavan who plays the role of Rajesh Wagle said, “Raj and Vandu have always been the ideal couple. For 3 years, viewers have seen them navigate life’s ups and downs without ever turning against each other. However, Rajesh’s recent reckless behavior and his wild actions push Vandana to her breaking point. She feels that parents shouldn’t have to change fundamentally just to satisfy their teenage children. The challenge now is for Rajesh to understand this. The growing distance between them will undoubtedly concern everyone and it will be interesting to see how our once-perfect couple resolve their issues.”

Tune in to watch Wagle Ki Duniya – Nayi Peedi Naye Kissey on Sony SAB from Monday to Saturday at 9 PM

Mumbai,1st August 2024: Motorola, a global leader in mobile technology and innovation launched the motorola edge 50 in India. A smartphone which is full of life, full of art and engineered for effortless creative expression. The motorola edge 50 is the latest addition to Motorola’s premium category of edge smartphones and it comes with numerous disruptive features such as an MIL- 810H military grade durability and IP68 underwater protection which makes it the world’s slimmest IP68 MIL-810H miliary graded certified durable smartphone. It features the segment’s best moto AI powered camera with Sony sensor LYTIA 700C and also boasts a 6.7” 1.5K Super HD+, HDR 10+ pOLED curved display along with various other premium features.

The motorola edge 50 is thoughtfully crafted with a sense of harmony and it gives a comfortable in hand feel with symmetrical curves flowing through every element of its design. Starting from the soft, natural-feeling vegan leather and vegan suede finish to the exceptionally slender and lightweight body with a streamlined camera housing makes the smartphone feel premium and comfortable to hold. The design of the motorola edge 50 is as durable as it is elegant. Offering never before seen standards of durability with an IP68 rating, which means it can withstand dust, dirt, and sand, along with submersion in 1.5 meters of fresh water for up to 30 minutes. Additionally, Motorola is pushing the boundaries of smartphone technology with the edge 50 as it boasts latest military standards MIL-STD-810H for durability, which implies that the smartphone has passed 16 rigorous tests for durability and extreme environmental conditions and can withstand shocks, vibrations, accidental drops, extreme temperatures, high humidity, low altitude pressures and more, all while maintaining a sleek, perfectly balanced design. Even the display is protected against cracks and scratches with Corning® Gorilla® Glass 5, so users never have to worry about accidental damage to the phone.

The motorola edge 50 features the pro level Sony – LYTIA™ 700C Camera sensor with incredible AI features powered by motoAI and google photos AI. The 50MP main camera uses the Sony – LYTIA™ 700C sensor for ultrafast capture with low noise in dark environments and the Ultra Pixel sensor captures more light with larger 2.0µm pixels. Users get true-to-life images with more detail, richer colors, and subtle textures owed to moto ai which works in the background, instantly analyzing the photo and blending exposures. Motorola is introducing a new Auto Night Vision feature which allows the users to capture stunning low-light shots 15x faster than the previous generation. This is Motorola’s fastest Auto Night Vision ever, automatically detecting ambient lighting and adjusting the settings accordingly, so users can click photos in low light and never miss the perfect moment. Its 10MP telephoto camera captures subjects at a distance with incredible detail and users can see every scene clearly from 3x the distance with optical zoom, or use advanced hybrid zoom for 30x the distance. Optical Image Stabilization smooths out unwanted shakes and moto ai helps retain the details, achieving crisp and beautiful results even when zoomed all the way. The third sensor in the rear camera system of the edge 50 is a 13MP Ultra-Wide camera with Macro Vision. It expands the user’s view, allowing them to take stunning shots of landscapes with a 120º ultra-wide angle lens which can capture what the eyes see, fitting more of the scene in the frame than a standard lens. For extreme close ups, there’s built-in Macro Vision, which brings users 4x closer to the subject than a standard lens, so they can capture tiny details as close as 3 cm away from the camera. On the front, the motorola edge 50 flaunts a 32MP selfie camera which can shoot breathtaking videos in 4K resolution and deliver 4x better low-light sensitivity with Quad Pixel technology, which combines every four pixels into one for brilliant results.

Working behind the camera sensors, moto ai image processing analyzes multiple frames of a photo and blends exposures to create a true-to-life image. Unlike other methods, it works directly on the uncompressed image to preserve hidden details, richer colors, and subtle textures. And these moto ai enhancements apply to videos, too. For instance, when recording a video, Adaptive Stabilization will automatically adjust to the user’s movement, providing extreme stabilization when they need it. The edge 50 users can also opt for the Long Exposure feature to hit on moving water or light trails with a single tap—no professional equipment needed. Users can access amazing google photos editing and AI tools, including Magic Editor, Magic Eraser, Photo Unblur, and more to effortlessly enhance your photos and videos and bring memories to life. AI Magic Eraser removes unwanted background distractions in just a few taps. Users can reimagine their photos with Magic Editor using generative AI and can edit, hold and drag to reposition, or pinch to resize.

Apart from camera features, moto ai also bring couple of generative AI features such as style sync with AI generative theming, magic canvas with text to prompt image generation, and several other cutting-edge innovations.

The motorola edge 50 boasts an incredible 6.7” 1.5K Super HD curved pOLED display with 1600 nits peak brightness and nearly borderless bezels. . Users can enjoy clearer, more vibrant pictures with sharper details and less pixelation owed to Super HD (1220p) resolution, which delivers 13% better resolution than the previous generation and even watch HDR10+ movies, shows, and more in a billion shades of true-to-life color. The ultra-fast 120Hz refresh rate makes switching between apps, playing games, and scrolling through content incredibly smooth and fluid. Plus, the refresh rate adjusts automatically based on the type of content on the screen, and with a low latency 360Hz touch rate, users will experience far more responsiveness than a standard display. Its vivid pOLED HDR10+ display delivers infinite contrast of deeper blacks and over a billion colors with wide DCI-P3 color range standards. Moreover, high brightness mode automatically adjusts the display outdoors so it’s easier to see, capable of reaching peak brightness levels of up to 1600 nits. It also features stereo speakers with Dolby Atmos for an immersive multimedia experience. Users can listen to professional-level audio thanks to the Hi-Res certified sound system. With wider dynamic range and 3x more data rate, they won’t miss any details and just experience music as the artist intended, listening to Hi-Res audio on streaming apps, on both wired and wireless headphones or external speakers.

In terms of processing power, the motorola edge 50 is powered by a Snapdragon® 7 Gen 1 Accelerated Edition. It is built with superior 4nm technology that will deliver years of proven performance and users can unlock amazing AI-powered experiences, use pro-level photography features, watch smoother content, and enjoy outstanding power efficiency. While being future proofed for upcoming networks thanks to 5G and Wi-Fi 6E support. This high-performance device is backed up by a massive 5000mAh battery and 68W TurboPower™ charger so it fuels up fast. Plus it also comes with the segment leading 15W TurboPower™ wireless charging for a hassle-free charging time. There is also support for reverse power charging to charge other devices in the ecosystem.

With 256GB of built-in storage, users have tons of room for their favorite shows, movies, songs, apps, and games. Plus, RAM Boost temporarily turns available storage into virtual RAM whenever they need some extra speed, so they can open apps faster and switch back and forth with ease. Apps and information stay ready in the background with up to 8GB of RAM so everything runs smoothly. Furthermore, the motorola edge 50 uses advanced thermal components to regulate heat produced during high performance. With a large 4516mm chamber, it distributes heat more effectively to keep the CPU cooler, improving thermal performance by 70% compared to the previous generation edge device.

Speaking on the launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said “The motorola edge 50 addresses a significant need of smartphone consumers by being the perfect fusion of the bold durability focused design and a premium, ultra-sleek design. Being the world’s slimmest device with IP68 underwater protection and MIL-810H military grade certification for durability from the U.S Department of Defense, the phone does not compromise on any aspect by offering a stand-out camera, display and advanced moto AI experiences. We’re confident that the motorola edge 50 will deliver a revolutionary smartphone experience to our customers.”

With the launch of the motorola edge 50, comes the intuitive Hello UI with all Moto apps at one place and latest Android 14 with assured 2 OS upgrades and 3 years of security updates. Hello UI features include Smart connect, Moto Gestures, Moto Secure with Thinkshield, Family Spaces and Moto Unplugged. It also offers Moto Premium Care for after sale service benefits.