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Business Wire India - Multimedia: Digest for April 20, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India

Bookings Open for the First-Ever BMW X3 M40i xDrive

Wednesday 19 April 2023 07:23 AM UTC+00
Business Wire India

BMW India will open bookings for the first-ever BMW X3 M40i xDrive from 12:30 hrs, 19 April 2023 onwards. The car will be available in limited units and can be exclusively booked at the BMW Online Shop for INR 5,00,000. The car is scheduled to be launched in India in May 2023.
 
Engineered by M, the car elevates the sporty, modern BMW X3 to the realm of M. Numerous distinct M elements in the exterior and interior give birth to a commanding personality suited for high-performance circles. Under the hood, the M40i 3-litre engine, a powerhouse charged with M genes, is raring for unadulterated sheer driving pleasure. An outstanding driving experience is guaranteed together with Adaptive M Suspension, M Sport differential, M Sport brakes and the BMW xDrive all-wheel drive. To further enhance the sporty appearance, customers can personalise their car with special M alloys.
 
Customers can visit https://www.bmw.in/X3M40i and explore a 360° view of the car's exterior and interior. They will be directed to a bookings page where booking can be done through a secure online payment mechanism. Deliveries will be done on a first-come-first-serve basis.
 
Introduction of the first-ever BMW X3 M40i xDrive builds on the enormous success of M powered BMW M340i sedan and the growing popularity of exclusive M Editions in India. This new M interpretation of the BMW X3 takes the excitement a notch higher into the Sports Activity Vehicle range.

Internet: www.bmw.in
Facebook: https://www.facebook.com/bmwindia
Twitter: https://twitter.com/bmwindia
YouTube: https://www.youtube.com/user/bmwindia
Instagram: https://www.instagram.com/bmwindia_official
 
#BMW #BMWIndia #SheerDrivingPleasure #BMWM #X3M40i
Business Wire India

LGT Wealth India, a private wealth management firm and part of the LGT Group, has partnered with Asset Vantage (AV) to provide a unique and a first-of-its-kind Full Stack Digital Family Office and Portfolio Analytics Solution using the best-in-class technology.
 
      
Benefits of LGT Wealth India and Asset Vantage's "Digital Family Office":
 
  1. Portfolio Consolidation: Enables a single portfolio view across investments and accounting within and outside LGT Wealth India.
  2. Advisor-wise Portfolio and Performance Comparison: Analyses all data points to compare the performance of multiple advisors and showcases key industry developments.
  3. Risk Management: Defines risk guard-rails, starting with an Investment Policy Statement, across multiple parameters of investing like equity, fixed income, alternatives, offshore, F&O, and commodities.
  4. Risk Reviews: Periodic risk reviews to enhance awareness of each portfolio's investment risk and the boundaries it is breaching, since higher or lower risks than a client's risk appetite can potentially hurt a portfolio's long-term risk-adjusted returns expectations.  
  5. Risk Tracking: Monitors adherence to risk controls identified in the Investment Policy Statement.

Through this collaboration, both companies have come forward to deliver a superior technology solution, which seamlessly consolidates portfolios across multiple accounts and investments for family offices. The platform aggregates wealth and accounting data across geographies and for family investment entities like individuals, limited liability partnership companies, public limited companies, and trusts. Equipped with a breadth of management features (MIS), the platform provides highly integrated views of a family's net worth. Another key feature is monitoring adherence to a stated Investment Policy and the associated Investment Risks. An added benefit to our clients is that they can reach out to their preferred firms to audit their underlined data.

The data extracted on the platform helps offer insightful intelligence and analytics on investments and financial performances. This single view of the entire investment portfolio is designed to provide an overall portfolio-level position rather than just an investment security-level perspective. Today, HNIs and UHNIs have investments across various distributors, advisors, brokers, demat & bank accounts, and directly with AMCs, all of which may be handled in isolation. The solution assists in comparing the performance as well as identifying risk limits for the portfolio. It offers data reconciliation, investment analytics, performance matrices, and investment tax details through a fully integrated accounting ledger system. This robust wealth-tech system can produce dynamic reports for family offices across family members, family entities, asset classes, currencies, and advisors, all of which can be generated for customizable timelines.
 
On the launch of the Digital Family Office, Atul Singh, Managing Director and CEO of LGT Wealth India, said, "We are excited about this collaboration and the launch of the LGT Wealth India Digital Family Office, which is a milestone for our organization. This reinforces our endeavour to provide best-in-class solutions for our clientele. In our constant effort to deliver client-centric solutions, we realized a need to develop one that is easily accessible, offers a holistic view of investments and accounting for identifying risks and provides in-depth portfolio analytics."
 
Nimish Shah, Managing Director – Family Office & Portfolio Analytics at LGT Wealth India added, "Effective asset allocation, performance, and risk analytics are possible only on the back of accounting-based data of accurate and reconciled financial information across family members, entities, asset classes, geographies, currencies, advisors, AMCs, banks, demat, and multiple other sources. It is almost magical how clean and concise aggregated data can help families focus on knowing where the investments are, their performance, and their risk."  

Chirag Nanavati, Managing Director, Asset Vantage, India said, "We are delighted to partner with LGT Wealth India, to help bring global best practices in integrated investment reporting and accounting technology to help them create a Digital Family Office product for their high-net-worth customers." 
 
AV brings to LGT and its Indian UHNW and Family Office clients the same technology used globally across hundreds of family offices. With the growing wealth and complexity of its Indian clients, LGT can leverage AV's global technology experience to the advantage of its clients. The bundling of AV's tech platform with LGT's international wealth advisory services gives LGT clients the edge they need to manage generational wealth.
Business Wire India

One of India's leading real estate brands, Century Real Estate, pre-launched their latest property, Codename New Your recently, targeting the rapidly growing millennial homebuyer segment. The company sold out 40% of its inventory within the first 48 hours of the pre-launch. Located in the heart of North Bengaluru, Jakkur, Century Real Estate has carefully selected a future-proof location, suiting the tastes of millennials, with ready social infrastructure, easily accessible workplaces, fitness centers, hospitals, cafes, and weekend getaways.
 
Commenting on the pre-launch and its success, Ravindra Pai – MD, Century Real Estate said, "We are overwhelmed to receive such a positive response. We have identified a growing consumer segment early and tapped into the market at the right time. Millennials constitute as much as 35% of India's overall population, reflecting the demographic dividend and the massive opportunity it promises to unleash. While they're heavily invested in building a strong future for themselves, owning a house has also become one of the key aspirations early on in their lives. With rising income and purchasing power, Indian millennials have become a major driver in the Indian real estate story, creating a new category in the housing industry. In fact, according to a JLL report, home-buying activity from millennials accounted for 54% of purchases in 2022. With the New India story unfolding, the next few years will see millennials continuing to influence the property market, remaining the most important homebuyer in the aspirational segment. At Century Real Estate, we believe in thinking ahead and have discerned that millennials constitute a huge emerging segment. Hence, we provide future-proof, well-connected locations with homes that offer a complete integrated living experience, with modern and smart amenities that are at par with global standards. Our vision today includes creating a core value proposition and serving the young and vibrant demography of India."
 
Speaking on the success of the Pre-Launch, Maninder Chhabra, the Director of Sales, Marketing, and CRM said, "Having almost 40% of our units sold within the first 48 hours is a true testament to the strong desirability of not just this project but also to Bengaluru's love for Century's developments. Our projects across apartments and plotted developments are witnessing very strong demand and it is heartening to see continuously low levels of inventory overhang for Century's developments. We had over 200 families who were part of the pre-launch event. The event was designed to give customers a preview of what life at Codename New You will have in store for them. We are pleased to have received such a positive response and are grateful to the families that have trusted us in building their dream home."
Business Wire India

adidas' ADIZERO franchise is 'Made to Win'. And on the world stage today at the Boston Marathon, it helped Evans Chebet defend his title with the Kenyan storming to victory wearing the ADIZERO ADIOS PRO 3.

Crossing the finish line with a time of 2 hours 5 minutes 54 seconds, Chebet becomes the first man to successfully defend the Boston Marathon title since 2008.

Cementing himself as one of the fastest marathon runners in the world right now, this is his sixth victory from his last seven marathons and his third victory in a World Marathon Major in the space of 365 days.

And it was a podium sweep for adidas' ADIZERO franchise in the men's race, with Gabriel Geay coming in second place, and Benson Kipruto finishing in third place respectively.

TWO OUT OF TWO FOR THE ADIZERO FRANCHISE

"Our team, together with our athletes, are all about winning. This is what we are motivated by, is what we are made of," says Alberto Uncini Manganelli, General Manager Running & Credibility Sports at adidas. "And our prediction that the ADIZERO franchise will be the most winning franchise yet again this year is off to a great start with our athletes wearing the ADIZERO ADIOS PRO 3 claiming victories in the first of the two World Major Marathons in Tokyo last month and today in Boston.

But winning is also at the heart of the ADIZERO franchise – it's in the brand's DNA and the very thing that motivates the team behind the shoes to create products that help our athletes cross the finish line first. Huge congratulations to Evans Chebet who today made his mark in the history books. We're so proud!"

The ADIZERO ADIOS PRO 3 is built for speed on race day and features:
 
  • ENERGYRODS 2.0 - Carbon energy rods which were previously separate, are now a single structure for harmonious stiffness. Embedded in the midsole and running parallel to the metatarsals, to give runners energy return.
  • Lightstrike Pro foam – The midsole consists of two levels of resilient Lightstrike Pro foam, providing runners with cushioning and energy return to support them on longer races ranging from half to full marathons.
  • New upper - Designed to be race-ready and provide support for athletes where they need it most.
  • Continental rubber outsole – Helping runners stay on track, the silhouette is built with a Continental rubber outsole with traction to help take corners at fast pace.
     
Ambitious runners can get their hands on the shoes that helped Chebet storm to victory today in the Boston Marathon at: https://www.adidas.co.in/adizero/

In the women's race, it was a second-place finish for adidas' Amane Beriso.

ADIDAS HOSTS LOCAL ACTIVATIONS TO CELEBRATE BOSTON WEEKEND

adidas celebrated the Boston marathon with a number of local activations across the weekend which included:
 
  • A meet-and-great with adidas athlete Viola Cheptoo following the 5K run held at Heartbreak Hill hosted by the Boston Athletic Association (BAA)
  • A 'Pre-covery Zone' hosted by AR captains at the Marriott Copley Place, featuring on-site physical therapists and recovery machines available to all AR members.
  • The return of the annual AR shakeout run the day before the marathon at the Copley Square Fanfest, which ended at the adidas EXPO.
     
Throughout the weekend, adidas and the BAA also coordinated a sustainability campaign which focused on picking up plastic waste from the Boston Marathon and recycling that plastic into sustainable benches. Benches made from plastic waste collected from previous years also featured along the course.
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