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Business Wire India - Multimedia: Digest for May 26, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India

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Business Wire India

Following the reorganisation plan announced during Q3 FY22 results in Jan 2022, the Board of NIIT Limited today announced that Corporate Learning Business undertaking has been transferred to NIIT Learning Systems Limited (NLSL) upon the Composite Scheme of Arrangement becoming effective as on May 24, 2023. Going forward, NIIT Limited will continue to focus on and operate the Skills & Careers business, whereas NLSL would operate the Corporate Learning Business.
 
Consequent to the demerger, each shareholder of NIIT Limited would be allotted one share of NLSL for each share of NIIT Limited held by them on the Record Date, which has been fixed as June 8, 2023. Subsequently NLSL would also get listed on BSE/NSE post requisite regulatory approvals.
 
This demerger recognizes the distinct market dynamics, customer segments, product offerings, and growth trajectories of each business. It provides sharper focus, simplified decision-making, focussed allocation of growth capital and enhanced agility, creating significant value for stakeholders in each of these businesses.
 
Speaking on the demerger Rajendra Singh Pawar, Chairman & Co-Founder, NIIT Group said, "We are excited about the profound impact we aim to make in the realm of global talent development."
 
NIIT Limited: Skills & Careers Business
 
As NIIT Ltd, with a solid 41 years of track record, reaffirms its commitment to talent transformation to equip the workforce to cope with the rapidly changing environment, it will enlarge its ambit to include a wider range of Industry sectors undergoing rapid transformation. The company will build further on its scalable industry-grade NIIT Digital platform, developed and refined over the last two decades, and step-up innovation in immersive and hybrid models of learning, using multidisciplinary technologies.
 
With Rajendra S Pawar becoming Executive Chairperson of NIIT, all the three Founders have taken up executive roles in NIIT Limited to steer the company during this phase of transformation. The landscape for the Skills & Careers business is undergoing massive disruption, with radical shifts in business models coupled with near-term uncertainty in the environment. The Founders along with the strong and tenured management team bring significant experience and expertise in the business, having steered the company through similar situations over four decades.

NIIT Limited Board has been strengthened over the last two years with appointment of Avani Davda, Founding CEO-Tata Starbucks, Strategic Advisor at Bain & Company and of Ravindra Babu Garikipati, Ex-Chief Technology Officer at Flipkart, Independent Director at Axis Asset Management. Recently, Srikanth Velamakanni, Founder and CEO of Fractal AI, India's first unicorn in AI and a prominent provider of Artificial Intelligence Solutions to Fortune 500 companies, has also joined the board as an Independent Director.
 
"This strategic milestone of creating two focussed companies marks a pivotal moment in our growth journey," said Vijay K Thadani, Vice Chairman & MD and Co-Founder, NIIT Group.
 
NIIT Learning Systems Limited: Corporate Learning Business
 
NIIT Learning Systems Limited (NLSL) offers Managed Training Services to Fortune 1000 corporations across North America and Europe. The business has over 80 global customers that it services in over 30 countries. With a team of over 2400 world class learning professionals, it has won over 400 industry awards and is ranked among the Top 5 Learning Outsourcing Companies worldwide.
 
The Board of NLSL appointed Sapnesh Lalla as CEO and Executive Director. He will focus on accelerating growth for the company and creating more value for its customers. The Learning Outsourcing market is underpenetrated and offers significant headroom for growth. Given NLSL's track record and its strong balance sheet there is a unique opportunity to become a global leader.
 
Speaking on the announcement, Sapnesh Lalla, CEO and Executive Director, NLSL, said "The demerger empowers the newly created NIIT Learning Systems Ltd. to sharply focus its management team and capital on the significant opportunities emerging in the Learning Outsourcing space and achieve global market leadership."
Business Wire India

  • Haier India's new healthy air management technology sets an industry standard at AWE 2023
  • Awarded as the 'No.1 Connected air conditioner' & 'No.1 self-cleaning air conditioner' brand
  • Over 1 billion families in 160 countries and regions globally
     
​Setting a benchmark in the industry, Haier the global leader in Home Appliances has been honored as the No.1 brand in two categories globally, at the Appliance & Electronics World Expo-AWE 2023 by Euromonitor International. Positioned as the world's leading brand for 'Connected Air Conditioners' and the 'Self-Clean Air Conditioners', Haier secured a market share of 30% and 37% in 2022, respectively. Continuing to be at the top solidifies the brand's position as the leader in providing innovative and technology-driven air conditioning solutions to customers across the globe.
 
Commenting on the achievement, Mr. Satish NS, President, Haier India said, "We are immensely proud to be recognized as the No.1 brand in multiple categories by Euromonitor at AWE 2023. This achievement reflects Haier's unwavering commitment to innovation, quality, and customer satisfaction. Going forward, we will continue with our endeavor to provide cutting-edge, healthy, and smart air solutions to our valued customers in India and reinforce our position as a leader in the air conditioning industry. We will remain steadfast in our mission to provide professional, healthy, and smart air solutions that enhance the lives of consumers around the world."
 
With the increasing awareness on the importance of air quality, consumers across the world are opting for air conditioners that provide clean, healthily, and fresh air. Complementing the global growth and in tandem with the increased demand for air conditioners in the Indian market, Haier India's commitment to manufacture innovative products has remained at the core of the business, and the brand has constantly evolved to meet consumer needs.
 
Haier was the first company in India to introduce the frost self-cleaning air conditioners and since then, the company holds a strong market share in the inverter split air conditioner segment. Today, Haier India has been strengthening its focus on producing premium and high-end products through its state-of-the-art manufacturing facilities in Greater Noida and Pune. 
Business Wire India

  • Between 1 June – 12 June, for every 10 minutes of activity logged across 34 sports in the adidas Running app, adidas will donate €1 to Common Goal
  • The contributions will support projects that educate and engage communities on sustainability through sport
  • To find out more – and how people can join the movement – visit adidas.com/sustainability/move-for-the-planet
​
Today, adidas is unveiling Move For The Planet; a new global initiative that will harness the collective activity of sporting communities across the world.

adidas is encouraging people to turn activity into action as it pledges to donate €1 to Common Goal for every 10 minutes of activity logged across 34 sports in the adidas Running app between 1 June – 12 June –up to €1.5m. The contributions will support projects around the globe that educate and engage communities on sustainability through sport. 

Ashley Czarnowski, Senior Director, Global Purpose Marketing at adidas said: "Move For The Planet is an opportunity to harness the world's love of sport to support some of the communities that need it most. The impact of the climate crisis is being felt more severely in some places than others, however, the one thing that unites us all is our love for sport. So, in between 1 June and 12 June, we're encouraging our global sporting community to join the movement and move for the places we play – it doesn't matter how we move, just that we move to make a difference."

Common Goal will direct contributions raised by Move For The Planet to projects in countries including Colombia, Greece, South Africa and Pakistan. Whether it's renewing a community's sports pitch using recycled materials or providing training on how to reduce plastic waste in sports facilities, the varied programs that have been selected focus on some of the places most impacted by the effects of climate change. 

Move For The Planet is part of adidas' wider sustainability initiatives as the company continues its mission to make what's best for the athlete better for the planet. Earlier this year, adidas announced that it is ahead of schedule in its journey to replace virgin polyester with recycled polyester in its products wherever possible by the end of 2024. In 2022, 96% of all the polyester adidas used was recycled.

However, using recycled materials does not mean that the problem is solved, and Move For The Planet represents a broadening of adidas' focus beyond its 2024 recycled polyester goal.

Anyone looking to join the movement can find out more at adidas.com/movefortheplanet.

The eligible sports types are: Running, Virtual Running, Plogging, Treadmill, Trail Running, Walking, Nordic Walking, Wheel Chairing, Strolling, Hiking, Elliptical, Tennis, Soccer, Golfing, Stair Climbing, Track & Field, Basketball, Table Tennis, Volleyball, Squash, American Football, Handball, Padel, Baseball, Beach Volleyball, Rugby, Cricket, Frisbee, Field Hockey, Lacrosse, Cycling, Race Cycling, Mountain Biking, and Virtual Cycling
Business Wire India

  • Progressive aesthetics in an iconic roadster design.
  • Unadulterated driving pleasure, 0 -100 km/hr in just 4.5 seconds.
  • M Sport for maximum performance and dynamics.
 
#TheLastOfItsKind #BMWZ4 #SheerDrivingPleasure #BMWIndia

The new BMW Z4 Roadster was launched in India today. With powerful driving dynamics and a progressive design, the new BMW Z4 Roadster offers the freedom between road and open sky.
 
The new BMW Z4 Roadster is available at all BMW dealerships across India as a Completely Built-Up Unit (CBU) model from June 2023 onwards.
 
Mr. Vikram Pawah, BMW Group India said, "With its hallmark BMW sporting prowess, the new BMW Z4 draws inspiration from the historic roots of the brand. It is the epitome of driving pleasure with its powerful engine, rear-wheel drive and a vehicle concept centered around agility and dynamic excellence with a premium ambience. With its dynamic proportions, emotional design and thrilling sportiness, the open-top two-seater takes the traditional roadster experience to the modern era. Driving memories are made of intense moments. Hitting a curve just right. Turning loose on a freeway. Dropping the top so the wind hits your hair. The BMW Z4 Roadster is the perfect machine to experience those moments."
 
The new BMW Z4 Roadster is available as a BMW M Performance model, the BMW Z4 M40i.  The new BMW Z4 M40i is the sportiest model combining the elegance of a roadster and the athleticism of an M automobile. Some striking individual touches can be added to the BMW Z4 with a wide range of optional equipment.
 
The car is available at an ex-showroom price as follows -
 
The new BMW Z4 M40i - INR 89,30,000
 
*Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but excludes Road Tax, Tax Collected at Source (TCS), GST on Tax collected at source, RTO statutory taxes/fees, other local tax cess levies and insurance. Price and options are subject to change without prior notice. For further information, please contact the local authorised BMW Dealer.
 
The BMW Z4 M40i is available in Alpine White as non-metallic paintwork and in following metallic paintworks – Thundernight (new), Skyscraper grey (new), Portimao Blue (new), Black Sapphire, San Fransisco Red and an optional Frozen Grey II. The standard interior trim is in Aluminium Mesh Effect and upholstery options in Leather Vernasca Black, Leather Vernasca Cognac and Leather Vernasca Magma Red.
 
The car comes with standard two-year warranty for unlimited kilometers. Repair Inclusive can extend warranty benefits from third year of operation to maximum fifth year without any mileage limitation.
 
BMW India Financial Services offer customized and flexible financial solutions that are designed as per individual requirements. Customers enjoy great value and complete peace of mind with BMW 360˚ Finance Plan. It includes attractive monthly instalments, assured buy-back option up to five years, flexible term-end opportunities, and options to upgrade to a new BMW among other benefits. Secure Advance (enhanced Roadside Assistance coverage with host of other benefits) is provided complimentary for the first year.
 
The new BMW Z4.
A pure-bred roadster, the BMW Z4 is more sporting and visually appealing than ever encapsulating the modern interpretation of the classical open-top sports car. It brings fresh design accents to the exterior with the contemporary BMW design language. The newly designed BMW Kidney Grille sporting a horizontal inner structure design, large air intakes, the new vertically aligned LED headlights and a long bonnet that stretches over the wheel arches conveys pure dynamism. At the push of a button, the classic soft-top opens and closes electrically in ten seconds. With large Air Breathers on the front wheel arches and aerodynamic air vents, the new BMW Z4 Roadster looks and moves like a true driver's machine. The distinctive rear spoiler stands out elegantly from the surface while the lateral design lines flowing in at the shoulders frame the slim L shaped LED rear lights. The rear apron that combines with the diffusor and exhaust tailpipes, radiates a special presence and sporting flair.
 
The design of the interior also places the focus on the puristic sportiness of the new BMW Z4 Roadster. Inside there is a clearly structured arrangement of control elements, complemented by the driver-orientated cockpit design that enhances the focus on the driving experience. The Light package lends an elegant ambience that invites passengers to relax. The Ambient Light function creates a cosy lighting atmosphere in the interior while the 2-zone Air conditioning provides individual climate control within the cabin. The electric seat adjustment is easy to use, and the memory function allows the driver to save preferred settings. The through-loading system can utilize greater storage space when transporting larger items. The practicality of the new BMW Z4 Roadster features an increased storage space behind the seats with a retaining net, large cupholders under the centre armrest cover and roomy door pockets.
 
The roadster's BMW M Performance version – the BMW Z4 M40i combines the performance of a sports car with the freedom of a two-seater convertible. Numerous details inspired by BMW M motorsport set powerful accents and provide an exceptional measure of dynamics and agility. Some standard features like 19" M light alloy wheels, M Sports Brakes, Cerium Grey finish in the BMW Kidney Grille, exterior mirror caps and trapezoidal exhaust tailpipes exudes a particularly sporty character.
 
In the interior, standard specification for the BMW Z4 M40i includes a leather and Alcantara interior with blue contrast stitching and blue piping. The trim finishers are in Aluminium Mesh Effect. Further, M sports seats with additional adjustment options along with an M leather steering wheel form a part of the high-quality cabin space.
 
A wide range of optional equipment's such as Mirror caps in Black, Softtop Anthracite, Adaptive Headlamps, interior and exterior mirror package, M seat belts, Harman Kardon Surround system , comfort Access, Driving Assistant, Active Cruise Control, BMW Head Up Display, Parking Assistant and individual paint Frozen Grey m can be chosen.
 
The innovative petrol engine from the BMW EfficientDynamics family offers considerably more spirited power delivery as well as spontaneous responsiveness even at low engine speeds, thanks to BMW TwinPower Turbo Technology. The third generation, three-litre six-cylinder in-line engine sets BMW Z4 M40i apart with breathtaking performance with inherently instantaneous response, hearty appetite for revs and smoothness combine with improved efficiency. The three-litre engine of the BMW Z4 M40i produces an output of 250 kW / 340 hp and a maximum torque of 500 Nm at 1,600 – 4,500 rpm. The car accelerates from 0 -100 km / hr in just 4.5 seconds.
 
The 8-speed Steptronic Sport Transmission performs smooth, almost imperceptible gear shifts. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency. Variable Sport Steering continuously adjusts the steering effort required depending on the current speed.
 
The new BMW Z4 Roadster features a new radically revised and modernized cockpit. The BMW ConnectedDrive features the new BMW Live Cockpit Professional that comes with BMW Operating System 7.0. The layout features a 10.25" digital instrument cluster in a hexagonal frame and a high-resolution (1920 x 720 pixels) touchscreen information display. Together, the two displays provide a large amount of information – all in the driver's direct field of vision. Customizable and personalized displays in the instrument cluster and the menu display in the central information screen can also be configured.
 
The BMW Live Cockpit Professional also features an adaptive Navigation system (integrated Global Positioning System –GPS) with 3D maps, the next generation BMW iDrive with touch controller, Wireless Apple Car Play® and connectivity through Bluetooth and 2 USB ports. Also, available now are many driver assistance features like Active Park Distance Control (PDC), rear view camera assisted optional Parking Assistant function and Driving Assistant function. Other optional features include a high-end Surround Sound system from Harman Kardon with 12 loudspeakers and 408 Watts of output, a first ever full-color BMW Head-Up Display screen with a resolution of 400 x 800 pixels and Wireless Charging function.
 
BMW EfficientDynamics doubles 'Sheer Driving Pleasure' with features such as Auto Start-Stop, ECO PRO mode, Brake-Energy Regeneration, 50:50 Weight Distribution and lightweight construction amongst other innovative technologies. Using the Driving Experience Control switch, driver is able to choose between different driving modes (ECOPRO, COMFORT, SPORT) to suit diverse driving conditions. The Adaptive M Sport suspension, M Sport brakes and M Sport differential, standard on BMW Z4 M40i Roadster raise the car's already impressive handling bar to even greater heights.
 
The new BMW Z4 Roadster features cutting-edge safety technologies. It provides optimal support in any situation with airbags front and side airbags for the driver and passenger, Anti-lock Braking System (ABS) with Brake Assist, Dynamic Stability Control (DSC) including Cornering Brake Control (CBC), Dynamic Brake Control (DBC), side-impact protection, electronic vehicle immobilizer and crash sensor and an emergency spare wheel.

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
Business Wire India

Recently, Saint-Gobain awarded prizes for the 13th edition of its International Gypsum Trophy. From the Americas to Asia, from Europe to Africa, our most talented and skilled Gypsum installers competed in six categories: Plasterboard, Plaster, Residential, Non-Residential, Innovation and Ceilings, for the chance to win one of 15 prizes. Two prizes were awarded in each category: the Winner and the 2nd Prize.
 
From India, four contractors were nominated for five projects at the prestigious International Gypsum Trophy 2023 in Athens, Greece, with two of them receiving recognition for their outstanding work. Gyproc India secured the second prize in the plasterboard category with contracting firm Ambience Interiors Pvt. Ltd. for the Meta office project in Gurugram, a 135,000 sqft office space spread over six floors that also houses the 'Centre for Fuelling India's New Economy.' The building was designed to incorporate spaces that blend real, online, virtual, and augmented worlds, with artworks by renowned Indian artists showcasing the country's cultural diversity. The building has also been awarded the LEED Platinum Certification by the US Green Building Council. In the Residential Category with the contracting firm DHIPL Projects Pvt. Ltd., India won the second prize for the DY Patil University hostel blocks, which were constructed in three phases with a complex overhanging truss-supported structure spanning over 37,000 sqm. The project was critical to the expansion plans of the sprawling 65-acre campus that houses residential hostels for girls, boys, and staff quarters.
 
"The International Gypsum Trophy is a great opportunity for all of us at Saint-Gobain Gyproc to directly connect with those who are using our products, the craftsmen and contractors who are on the ground, those with whom we can both share our knowledge but also learn from, those who are best able to demonstrate the benefits of our materials and use them to their greatest advantage. Through trusting relationships with our customers and confidence in our products, we have become one of the leaders in the industry. We are dedicated to developing the skills and knowledge of our customers and we reward their loyalty through this International Gypsum Trophy" – Venkat Subramanian, Managing Director - Gypsum, Insulation and Mortars (Saint-Gobain India Pvt. Ltd.)

To learn more about the awarded project:
Business Wire India

Step into the dazzling world of @Reistor, the epitome of comfort and class, as it takes center stage for its red-carpet debut at the illustrious 76th annual Cannes Film Festival. With an exclusive invitation from Mastercard to dress their VVIPs, celebrities, and influencers at the exquisite Hotel Barrière Le Majestic Cannes guest lounge, Reistor proves that mindful fashion knows no bounds.
 
"So thrilled to embrace the power of mindful fashion on a global scale. We are ready to spread our love for sustainable fashion, one stylish, eco-friendly garment at a time," said Mehma Singh, the founder of Reistor.
 
The visionary behind this exquisite fashion movement, Mehma Singh, founder and creative director of Reistor, graces the Cannes scene, radiating passion for sustainable red-carpet fashion. Mehma's unwavering focus for this project was to craft versatile ensembles that embrace glamour and environmental consciousness. Prepare to be mesmerized as Reistor showcases its artistry, using sustainable fabrics like the divine TencelTM, enchanting BembergTM, and the purity of organic cotton.
 
To elevate these masterpieces further, Reistor embraces the artisanal spirit by sourcing hand-embroidered embellishments from local artisans, adding a touch of ethereal charm to each creation. The ensembles unveiled at Cannes are a true testament to their multi-faceted nature, seamlessly transitioning from red carpet opulence to beautiful day or night looks with the simple modification of bows and trains. And fear not, dear fashionistas, for every trim used in these divine outfits is biodegradable and exudes durability, perfectly mirroring Reistor's unwavering commitment to its core values.
 
While Reistor may have emerged on the fashion scene in 2021, its roots run deep within the textile industry, armed with extensive knowledge and expertise. Embracing the mantra of inclusivity, the brand celebrates fashion for all sizes and ages, prioritizing comfort and sustainability. Transparency reigns supreme for Reistor, as it remains steadfast in its commitment to reveal every step of the supply chain and production process. Continually pushing the boundaries of innovation, Reistor delves into the realm of fabric exploration, ensuring each choice aligns seamlessly with its noble purpose. From hemp to TencelTM, BembergTM, and organic cotton, their recent collection is a masterpiece curated for online platforms like Madewell and J. Crew, captivating audiences worldwide. Reistor's creative endeavors span multiple platforms, gorgeous hearts and souls as its global audience continues to flourish.
 
Mehma Singh, a force to be reckoned with as a fourth-generation fashion and textile entrepreneur, created Reistor along with her brother, Harjas Singh. As the head of design, Mehma effortlessly blends comfort, style, and mindfulness into every creation. Rooted in sustainability, Reistor aims at the fashion landscape, to promote inclusivity and sustainability, one piece at a time. Step into the world of Reistor, where sass meets class, and embrace the transformative power of mindful fashion globally.
Business Wire India

Haleon (erstwhile GlaxoSmithKline Consumer Healthcare), home to World's number 1 Multivitamin Brand1 Centrum, created a Guinness World Record for 'The Largest Online Video Album of People Saying the Same Sentence' under the 'Know Your MiND' Campaign led by team Centrum. The Guinness World Record certificate achieved by 'Team Centrum' was presented to Ms. Anurita Chopra, Chief Marketing Officer, Haleon India Subcontinent and Rupendra Yadav, Sales & Expert Lead, Haleon India Subcontinent by GWR Official Adjudicator during a press event in New Delhi yesterday.

The 'Know Your MiND' (Micronutrient Deficiency) campaign is part of Haleon India's larger initiative called "Her Nutrition Matters" which focuses on raising awareness about the daily nutritional requirements of women and the related long-term health implications. Under this campaign, Haleon India joined hands with 8522 doctors across the country with a vision towards improving the micronutrient status of Indians.

Keeping consumers at the fore of this campaign, Haleon India has also started a personalised nutrition helpline, Centrum Know Your MiND, via WhatsApp powered by OpenAI which can be activated by giving a missed call on 9672323678.

Haleon believes that women are the cornerstone of the health of families and communities and has collaborated with KANTAR to conduct "The Centrum India Women's Health Survey" with the objective of obtaining insight into the main nutrition-led health problems that Indian women experience. According to the survey, poor bone health, insufficient immunity and low energy levels are top health issues faced by Indian women. The survey reached out to more than 1200 female respondents from key metros (Delhi, Mumbai, Chennai, and Kolkata) to study their nutrition needs across life stages from 2-65 years.

Shedding light on the steps that Haleon, and health practitioners can take, to tackle micronutrient deficiencies in women, Haleon hosted a panel discussion on 'Countering MiND, Nurturing Her Health', in partnership with the Federation of Obstetric and Gynaecological Societies of India (FOGSI). The panel, moderated by Dr. Prashant Narang, Director - Medical Affairs, Haleon ISC, included Dr Hrishikesh Pai, President- FOGSI; Dr Rishma Dhillon Pai, Past President- FOGSI; Dr Nandita Palshetkar Past President- FOGSI; Dr Madhuri Patel, Secretary General, FOGSI and Dr. Amrita Suneja, President, Association of Obstetricians and Gynaecologists of Delhi (AOGD).
 
Encouraging adequate intake of micronutrients, Mr. Navneet Saluja, General Manager, India subcontinent, Haleon said, "Setting this world record to drive the conversation around improving the micronutrient status is a step towards Haleon's commitment in helping to build health literate communities, enabling everyone to improve their everyday health. By launching the 'Her Nutrition Matters' initiative, we want to empower women to self-care. Our aim is to highlight how healthier women can build a healthier nation. It can be difficult for people to achieve a diet that provides them with adequate levels of all the micronutrients which are necessary to support their everyday health. Self-care is for all and should not be considered a privilege."

Congratulating the Team Centrum on setting the world record, Ms. Anurita Chopra, Chief Marketing Officer, Haleon India said, "The Know Your MiND campaign was conceived to empower women to prioritize their health and become micronutrient sufficient. With International Day of Action for Women's Health around the corner, we are proud to share the various actions we as a company have taken to promote holistic wellbeing in India. Shifting the conversation to the common health issues that women frequently overlook, the focus on micronutrient supplementation supports us in driving our larger purpose of delivering better everyday health with humanity. This is a testament to the incredible journey that Haleon has embarked on in India."

The video album is available on the 'Know your MiND' website.
Business Wire India

Over a glittering function attended by the city glitterati, the Biography of Shri Din Dayal Gupta, Chairman Emeritus, Dollar Industries Limited (BSE: 541403; NSE: DOLLAR), was launched amidst much fanfare. The book, published by Rupa Publications, was launched by Shri Acharya Devrat, Hon'ble Governor of Gujarat in the presence of Shri Suresh Chandra, President, Sarvadeshik Arya Pratinidhi Sabha & Swami Pranwanand, Dean of Gurkul, Delhi Gautam Nagar. Sri Pradeep Gooptu, the veteran journalist and author, who has written the book, moderated the talk show, which highlighted the journey of one of the doyens of the hosiery industry of the country.

As Chairman Emeritus of Dollar Industries Limited, Sri Din Dayal Gupta has adroitly steered the company for over 5 decades. Coming from a humble and large family with modest means, he dared to dream big as a young man. Dollar Industries Limited was formed in 1972 and its trajectory of growth and acclaim makes an interesting case study for management students. But far more engrossing is the life of the founder of this leading manufacturer of hosiery and apparel. It is full of relatable episodes and touches a familiar chord in aspirants everywhere who choose to chase their dreams despite challenges.

"From a dream to the reality of creating a market-responsive, multi-brand company that continues to retain its leading position in its category, my life has largely evolved around Dollar Industries. However, there are other facets to it - the struggle, the learning lessons, the presence of human pillars who ensured that I don't crumble and fall on the way. This book touches upon all of it. At my age, I hope it will not only make for an interesting read but also serve as a reminder about how flexibility and openness to change are important as we carry on in life," said Sri Din Dayal Gupta, Chairman Emeritus, Dollar Industries Limited.

'A Million Dollar Smile' chronicles the journey of a young man with dreams in his eyes and a strong conviction in his beliefs who came to the city of joy from a small town of Manheru in Haryana way back in 1962 and started his hosiery business. Over 50 years, Dollar Industries under his leadership has created innumerable benchmarks in its field and graduated from being a hosiery to an apparel brand of international repute with their fibre to fashion methodology.

The book launch was flagged off with a dance recital by the globally acclaimed Dance Troupe of Smt Tanushree Shankar followed by an audio-visual presentation on the life and times of Sri Din Dayal Gupta.

A Million Dollar Smile is published by Rupa Publications is priced at Rs 595/- and is available across all the leading bookstores of the country and online platforms.
Business Wire India

  • The keynote speech was given by Dr. V. Anantha Nageswaran
  • Mr. Nandan Nilekani graced the occasion as the Guest of Honour
  • 11 AA use case projects were selected to 'showcase' their projects at the event
 
Sahamati, an Alliance for the Account Aggregator Ecosystem, successfully conducted 'SamvAAd-2023', the first-ever Annual Conference for Account Aggregator sector. The one-day event, held on May 24, 2023, saw participation from over 900 delegates from multiple sectors such as banking, mutual funds, insurance, Micro-finance and fintech firms.

Dr. V. Anantha Nageswaran, Chief Economic Advisor, GOI, gave the keynote address to the audience. Talking about the relevance and importance of Account Aggregators, Dr. Nageswaran emphasised on the fact that the simple concept of consent-based data sharing will leave huge impact on increasing access to financial services. Availability of granular and accurate financial information, right from sources, will thereby increase access to financial services without the drudgery and time consumption that it is associated with today.

Dr. Nageswaran's speech was followed by the first panel of the day, 'Progressive regulations: Foundation for scaling open networks'. The panellists Pramod Rao, ED, SEBI, Mr. R. Gandhi, ex-DG, RBI, S. Ramann, CMD, SIDBI discussed the importance of regulatory rails for sustained growth of any sector. They also encouraged start-ups to approach regulatory sandboxes for guidance and support. The session was moderated by Venkatesh Hariharan, India Representative, Open Invention Network.

The next session was followed by an insightful talk by Ms. Praveena Rai, Chief Operating Officer, NPCI.

One of the most anticipated sessions, Insights from Mr. Nandan Nilekani followed by a Fire-side chat with him, focussed on the immense growth possibility that AA has. Mr. Nilekani said that AA has the potential to monetise the digital currency individuals have today, bringing people financial access like never before.

SamvAAd also gave an opportunity to 14 innovative open finance use cases, selected through a rigorous and independent process. Teams of Account Aggregators, technology providers and FIUs (financial information users) were invited to showcase real demos of their organisations where they are using AA to solve delivering superior customer service and improve viability in serving all customer segments. The categories were defined along the six citizen needs that are being addressed through AA categorised as Easy Banking for every household; Easy access to instant short-term credit for individuals and enterprises; Access to long-term credit for buying an affordable home with minimal paperwork and without long waiting times; To get advice for building a balanced investment portfolio that can help families achieve its short-term and long-term financial goals; Affordable and adequate insurance cover to protect a family and assets from unforeseen and unfortunate events. 
 
The power-packed conference was thoughtfully designed to encourage dialogues between policymakers, industry participants and thought leaders from the sector. Fireside chats, panel discussions and workshops by senior professionals from the industry ensured all aspects impacting the growth and early adoption of account aggregators were covered.

In the second panel of the day, 'The how-to guide for India', Deepak Sharma, President and CDO, Kotak Bank, Deep Agrawal, Head-Payments & Account Aggregator Business, PhonePe, Abhijit Gulanikar, President - Business Strategy from SBI Life discussed the emerging imperatives for open finance led financial inclusion in India. The panel was moderated by N.S. Ramnath, Founding Fuel.

The third panel, 'Exchanging ideas with the world' saw participation from Dr. Bill Roberts, Fellow, Cambridge University, Anil Mahalaha, Chief Evangelist, Akoya and Chanchal Sarkar, Advisor (G20). The session was moderated by Srinivas Jain, Executive Director, SBI Mutual Fund. The panel highlighted the thought behind the regulatory regimes defining open finance across the world.

Senior executives who shared their viewpoints and insights at the conference included, Shri. Karma Zimpa Bhutia, Joint Secretary Skills, Ministry of Rural Development; J Venkatramu, CEO, IPPB; Vinay S, ViP, Perfios; Ashwin Ramachandran, CEO, VuNet and Bharat Joshi, CPO, Vunet; Ankur Handa, Co-founder and CPO, Lentra; Shikha Agrawal, CTO-Data, Microsoft India; Soumendu, CPO, CAMS, Kanika Kumar, Director, IDEO, Dipika Prasad, Sr. Design Lead, IDEO, Keerthana Medarametla, Senior Curator, Agami.

After a resounding response from the entire ecosystem, Sahamati is determined to build 'SamvAAd' as an annual conference and an ongoing platform for all industry players to converge regularly.
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