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Business Wire India - Multimedia: Digest for August 29, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

Muthoot Fincorp Ltd. (MFL), the flagship company of Muthoot Pappachan Group (Muthoot Blue), launches Muthoot FinCorp ONE, a digital platform, to provide lending, investments, protection, and payments at the tap of an app.

With this launch, Muthoot FinCorp ONE aims to address the diverse financial needs of consumers pan-India while seamlessly providing a comprehensive suite of financial services, ensuring unmatched convenience and accessibility.

Muthoot FinCorp ONE offers an array of financial services which includes MSME and Gold Loans (from home or at Muthoot FinCorp Ltd. branches). Furthermore, Muthoot Fincorp ONE offers investment products like Digital Gold and NCDs. The app also supports utility and loan payments for multiple use cases while the Forex services encompass multi-currency cards, cash transactions, and 24x7 international transfers. Soon, the platform will also help users in accessing insurance for all kinds of General and Medical insurance needs.

Chandan Khaitan, CEO Muthoot FinCorp ONE says, "We are excited to introduce Muthoot FinCorp ONE, an all-in-one financial platform that brings together a comprehensive suite of financial services right from lending to investments to insurance to payments and remittances. We aim to cater to more than 1 million customers by the end of this financial year".

He further stated, "Muthoot FinCorp ONE optimizes on a phygital model which seamlessly combines this app with more than 3600+ physical branches of Muthoot FinCorp. Our customer-first platform connects seamlessly with all stakeholders (customers and partners alike). The platform is based on robust data analytics and leverages data science, using advanced models for Artificial Intelligence & Machine Learning, always ensuring cyber resilience."

Since its launch, Muthoot FinCorp ONE has already gained significant traction with our active customers, with more than 20,000 daily transactions, and 2 Lakh plus app downloads, earning an average app rating of 4.8.

In the next six months, Muthoot FinCorp ONE plans to expand the platform's offerings by introducing insurance, personal loans, two-wheeler, and housing loans and more with a focus on achieving 80,000+ daily transactions, and 10 Lakh app downloads.

The company's goal is to democratize access to financial services, empowering individuals, and businesses across diverse segments, fostering economic growth.

Mr. Thomas John Muthoot, Chairman & Managing Director, Muthoot FinCorp Ltd. said, "Muthoot FinCorp ONE's launch signifies a major milestone for us. It complements and builds upon MFL's existing robust physical presence, through a phygital ecosystem. The all-in-one financial platform reinforces our dedication to transforming the way our customers access and manage their finances by providing them with tailored financial solutions to suit their everyday needs."

Looking ahead, Muthoot Fincorp Ltd. remains committed to further enhancing the platform, introducing new products, and forging strategic partnerships to expand its financial ecosystem.

With a strong focus on customer-centricity and continuous innovation, Muthoot FinCorp ONE stands poised to become the preferred choice for all financial needs, and thereby ensuring Muthoot FinCorp Ltd. continues its position as an industry leader in the financial landscape.
Business Wire India

Beams Fintech Fund, India's first Growth Stage Fintech Fund, has invested an undisclosed amount in a Series B round of USD 50 mn in India's leading Debt Collection SaaS platform, Credgenics. Beams has invested alongside Westbridge and Accel in this round. Other investors in this company include Tanglin, Tital Capital, and DMI Finance.
 
Founded in 2018 by Rishabh Goel, Anand Agarwal, and Mayank Khera, Credgenics is revolutionizing the way collections are made and serviced in the country. The AI-powered SaaS-based platform has also garnered recognition from IBS Intelligence as the #1 Bestselling Loan Collection Platform in India in their Annual Sales League Table 2022.
 
Digital debt collections is the need of the hour with lending moving into the instant mode, digital format, and fast gear. As lending volumes increase and instant loans with smaller ticket sizes grow, bringing down the cost of collections becomes a key priority. Digitization is the only way to achieve this at scale. Credgenics is helping accelerate the pace of digitization but address the gaps in the debt collection operations.
 
Till date, Credgenics has worked with over 100+ customers in the BFSI segment (Banks, NBFCs and Fintechs). Credgenics has handled 40 million retail loans till date and sends 60 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections cost by 40%, reduced collections time by  30%, and improved legal efficiencies by 60%.
 
Beams Fintech Fund's ecosystem and network of LPs, which includes leading Banks and NBFCs, will look to partner with Credgenics. Beams value add strategy is to cross-pollinate between its LPs and portfolio companies. Beams will facilitate access to its banking network and open doors to its group's portfolio of 250+ startups for partnerships, collaboration, and potential acquisition opportunities for Credgenics.
 
Sagar Agarvwal, Managing Partner & Co-Founder of Beams, said, we have spent a lot of time in the Banking Infrastructure and Tech space to identify segments which are mission-critical for Banks & FIs. Collections has been a long-standing challenge for FIs globally, and a key concern area where FIs are willing to pay to improve efficiencies. As lending markets will become larger over the next decade, FIs will have to spend capital on resources and technology to effectively collect at the same pace. Credgenics is a market leader today in Collections plug-and-play SaaS space. Rishabh, Mayank, and Anand have productised the problem of collections for FIs and have used a first principles approach towards building the platform and providing a unique solution for FIs. We are delighted to partner with Credgenics and see a clear path to a huge revenue market for the company.
 
Anand Agrawal, Co-founder and CPTO said: We are thrilled to welcome Beams Fintech Fund as a new investor in our Series B round. This infusion of capital will serve as a catalyst for propelling our next phase of growth in the Southeast Asia region and powering new developments in the product. We are focused on ushering in a new era of debt collections through innovation and rapid adoption of digital technology. With our market-leading collections platform, we are committed to empowering individuals and businesses worldwide to simplify the management of their debt resolutions.
Business Wire India

​Study Synopsis   
  • The findings will impact the interventional treatment of elderly patients with MI, steering physicians to physiology-guided complete revascularization.
  • Data from 1445 patients across 34 centres from Italy, Spain and Poland were analyzed.
     
SMT (Sahajanand Medical Technologies), a leading medical device company in India, focused on innovative patient care in cardiovascular segment, today announced late-breaking data of its stent Supraflex Cruz at the ESC Congress 2023.

The study, conducted across 34 participating sites spanning Italy, Spain, and Poland, was unveiled during the ESC Congress 2023, marking a significant step for Supraflex Cruz in the interventional cardiology space.

Principal Investigator Dr Simone Biscaglia from University Hospital of Ferrara, Italy presented primary endpoint data at one year from this study at the ESC Congress 2023. A total of 1445 older (at least 75 years of age) patients with MI (with or without ST-segment elevation) and multivessel disease were enrolled in this study from July 18, 2019, to October 25, 2021.

The study was an investigator-initiated, multicenter, prospective randomized (1:1) trial, to compare a strategy of physiology-guided complete myocardial revascularization versus a culprit-only strategy.

Speaking more on the trial, Dr Simone Biscaglia said, "Our landmark study published in the prestigious New England Journal of Medicine is an important step forward in interventional cardiology. We were extremely pleased to demonstrate that physiology-guided complete revascularization with implantation of Supraflex Cruz stents led to a highly significant 27% reduction in cardiovascular events."

The primary end point was the patient-oriented composite end point (POCE) of all-cause death, any MI, any stroke, and any revascularization at 1 year. Commenting more on the trial results, Study Chair Dr Gianluca Campo from the University Hospital of Ferrara, Italy said, "The FIRE trial addressed the lack of evidence for a revascularization strategy beyond culprit lesion treatment in older patients with a mean age of 81 years, with MI and multivessel disease. We proved our hypothesis that complete revascularization with Supraflex Cruz, guided by coronary physiology, yielded superior results to a culprit lesion only strategy in these patients."

Chief Medical Officer at SMT, Dr Krishna Sudhir commented, "This trial is a game changer for the treatment of elderly patients with MI. At SMT we are delighted that Supraflex Cruz was chosen as the stent in the study and showed excellent results with low event rates in an extremely high risk group of patients, optimally treated with physiology-guided complete revascularization."

While complete revascularization is well documented in younger MI patients, its applicability and advantages in older patients with MI who are prone to having a higher risk of complications has been uncertain until this trial. The findings will influence the interventional treatment of elderly patients with MI, driving physicians to optimally treat with complete revascularization guided by physiology.
Business Wire India

The world-renowned 'Young University Rankings-2023 by the Times Higher Education World University Rankings system has placed Lovely Professional University (LPU) in World's Rank Band 251-300 among the universities created since 1973.
 
Being ahead of three IITs including IIT Guwahati & Bhubaneswar (301-350) band; IIT Mandi (351-400) band; and many other government and private institutions of the world; LPU has once again created a benchmark in global education with such a remarkable ranking.
 
Singapore's Nanyang Technological University has topped the league table; Hong Kong University of Science and Technology on the second spot; while, Paris Sciences et Lettres – PSL Research University Paris gets the third place. All of these commenced their existence in the 20th century; whereas, LPU got established in this century only. Overall, Turkey leads as the most-represented nation with 47 institutions, followed closely by India with 45.
 
The universities of the world are judged across all their core missions – teaching, research, knowledge transfer and international outlook. It was to provide the most comprehensive and balanced comparisons available. Here, The Rankings has listed the world's best universities that are 50 years old or younger. The table is based on the same 13 performance indicators as the flagship 'The World University Rankings'.
 
Congratulating all at LPU for their devotion towards diverse duties to see such a coveted ranking for the university; Chancellor Dr Ashok Kumar Mittal once again invoked all to continue working hard to lead LPU to be at the top position in the world. Dr Mittal emphasized that this novel recognition reaffirms LPU's commitment to be an exemplary university globe over, for others to follow and applaud.
 
LPU's placement data has always been illustrious since its inception. Thousands of LPU students have been successfully pursuing careers across the globe with hundreds of national and international companies. 350+ top recruiting companies which recruit from IITs/IIMs/NITs also recruit from LPU. A student from Lovely Professional University's (LPU) class of 2018, Yasir M. has made history by securing a whopping Rs. 3 crore package in a global IT giant. Furthermore, LPU B.Tech. Graduate Harekrishna Mahto joined Google's Bangalore office in 2022, receiving a package of INR 64 Lakh, which is also one of the highest packages received by any young graduate. From the last few batches, over 600 LPU students have been placed at a package of INR 10-63 lakhs. Top companies that recruited a large number of LPU students include Cognizant, which hired 1850+ LPU students, Capgemini recruited 1400+students, Wipro recruited 500+ and Highradius hired 800+ students, among numerous other notable companies. In recent years, more than 20,000 placements/internships have been offered to LPU students by top recruiters, with several Fortune 500 companies extending over 5000 offers.

Dr Mittal also mentioned that prior to this also, LPU has been listed among the world's top universities, alongside Harvard and Oxford in the World University Rankings for Innovation (WURI)-2023. India's National Institutional Ranking Framework (NIRF) Rankings 2023 has ranked LPU at 38th among all government & private universities in the country.
 
Highlighting, as per a recent updation, there are more than 29,257 universities in the world. To be one of the prominent among these all, in mere a span of less than 20 yrs. of existence, is indeed a matter of immense pride for all at LPU.
 
The admission process for LPU's 2023 intake is closing soon. To know more about the exam and admission process, students can click here.
Business Wire India

U.S. Polo Assn., the official brand of the United States Polo Association and Arvind Fashions Ltd. (ARVINDFA: IN) are proud to announce two major business milestones in India: the iconic Legends marketing campaign and the new U.S. Polo Assn. website launch. Both business strategies have been designed to help take U.S. Polo Assn. in India to the next level.
 
The brand's growth strategy is focused on brick and mortar, omni-channel and e-commerce as well as overall brand marketing through storytelling.
As one of India's leading casualwear power brands, the multi-billion-dollar, global, sport-inspired U.S.
 
Polo Assn. has launched an exclusive brand-specific website uspoloassn.in to further enhance digital offerings for customers and provide easier access to its product offerings. U.S. Polo Assn. is the first brand in the Arvind Fashions Limited brands portfolio to go live with an exclusive brand website. Currently, the brand is listed on all leading online platforms and NNNow.com, the official brand store and digital destination for Arvind Fashions Limited.

"Arvind Fashions has been a tremendous partner to the U.S. Polo Assn. brand, and we are excited about our future as a power brand, targeting a billion-dollar business over the long term in one of the world's most important markets," said J. Michael Prince, President and CEO of USPA Global Licensing, the company that manages and oversees the U.S. Polo Assn. brand. "The execution of our strategic plan in India will further solidify our position as one of the top casual wear brands in the country."

"With revenues nearing INR 2000cr, U.S. Polo Assn. is the leader in the men's casual wear segment in India. We are further investing in energising the brand through multiple efforts including the brand website launch, a new iconic Legends advertising campaign and building new exciting adjacent product categories, "said Mr. Kulin Lalbhai, Vice Chairman and Non-Executive Director of Arvind Fashions Ltd.
Business Wire India

TECNO, the leading technology brand synonymous with innovation and style, is once again breaking new ground in the world of beautifully designed smartphones. The brand's latest endeavour is set to elevate the smartphone experience through a harmonious blend of art and technology.

This special edition of the CAMON 20 features a captivating fusion of embossed textures, artistic graffiti, and a premium leather finish in a refreshing yet soothing green colour. The result is a smartphone that is not just a device but a style statement that stands out in a sea of uniformity and it price makes it much more sweet for consumers
 
In addition to its stunning design, the CAMON 20 Avocado Art Edition is packed with cutting-edge features. It has a large 6.67-inch FHD+ Dot-in AMOLED display, a 32MP AI selfie camera, a 64MP triple rear camera with RGBW sensor, and a 5000mAh battery with 33W charging support. It is also powered by the MediaTek Helio G85 processor, which ensures smooth and efficient performance. The storage is impressive too with 16GB RAM (8GB+8GB) with memory fusion and 256GB large ROM.
 
Speaking about the aesthetically pleasing edition of CAMON 20, Arijeet Talapatra, CEO, TECNO Mobile, said, "At TECNO, we've always believed in pushing the boundaries of innovation and design to captivate the imagination of young tech enthusiasts. Our relentless pursuit of cutting-edge technology and unwavering commitment to innovative design has solidified our position as a premium technology brand. With each new smartphone, we tell a unique story that seamlessly weaves together technology and artistry, creating a harmonious blend that resonates deeply with our users. Through our collaborations and our ongoing dedication to design excellence, we are setting a new trend where technology and aesthetics converge in unprecedented ways, offered at an aggressive price."

The CAMON 20 Avocado Art Edition offers a truly exceptional consumer experience. The large and vibrant display is perfect for watching videos, playing games, or browsing the web. The AI selfie camera takes stunning photos and videos, even in low light. And the long-lasting battery means one can use the phone all day without having to worry about running out of power.
 
But perhaps the best thing about the CAMON 20 Avocado Art Edition is its affordable price. At INR15,999, it is one of the most stylish and feature-rich smartphones on the market. If one is looking for a smartphone that has it all, the CAMON 20 Avocado Art Edition is the perfect choice for you.
 
Key Features of TECNO Camon 20 Avocado Edition:
 
  • Impressive display and design
A trailblazer in visual excellence, equipped with captivating features that redefine smartphone standards. Anchored by its expansive 16.95 cms (6.67") FHD+ Dot-in AMOLED Display with in-display fingerprint sensor, boasting a resolution of 1080*2400, this screen transcends mere functionality, unveiling a gateway to a realm of dynamic hues and intricate nuances. It embraces TUV Rheinland certified Blue Light protection, harmonizing visual brilliance with a concern for sustained ocular well-being during extended usage periods. The device's embossed graffiti design on the premium leather finish encapsulates a design ethos that marries aesthetics with utility. However, the Camon 20 boasts an ingenious Ring Flash with Dual Matrix Camera Design, an embodiment of both artistry and utility, enhancing photography prowess. This distinctive approach intertwining form and function resonates profoundly with users who cherish the fusion of style and substance.
 
  • Unmatched camera capabilities
The Camon 20 boasts an array of formidable camera capabilities that redefine photography. On the front, a potent 32MP AI Selfie Camera, featuring an expansive 80.6° View angle and a Dual Flashlight system, guarantees flawless self-portraits even in the most demanding lighting scenarios. The rear showcases a remarkable 64MP Triple Rear Camera configuration, fortified by an advanced RGBW Sensor, ensuring the delivery of truly breath-taking photography results. The innovative Quad Ring Flashlight takes low-light photography to new heights, elevating the device's ability to capture striking images in challenging lighting conditions. With its camera prowess, the Camon 20 stands ready to capture every moment in all its beauty and clarity.
 
  • Availability
The phone is available at a disruptive price of INR15,999 and by leveraging the convenient EMI plan, it can be owned for just INR 30 per day* at your nearest retail outlet and on Amazon.
Business Wire India

Panasonic Life Solutions India (PLSIND) - one of the largest manufacturers of electrical construction materials (ECM) in the country, is set to expand its retail presence in India with the launch their new franchise store of the Panasonic Living Store in the capital city of New Delhi. The new SACMEH International store is situated in the luxurious Sultanpur neighborhood and would feature brand's entire gamut of homes and living essentials such as the modular kitchens, wardrobes, seated showers, electric toilet seats, wooden flooring, and KMEW external cladding.

Spread across an area of 1200 ft, the outlet embodies essence of the Panasonic brand and offers a huge display. The housing segment's diverse and unique products will be highlighted in the store to provide customers with a memorable experience. The store will feature the latest kitchen designs and other innovative offerings from Panasonic.

Yoshiyuki Kato - Managing Director, Panasonic Life Solutions India said, "We wish to grow closer to our clients and reach as many as possible through these brand outlets, which provide them with best-in-class items for luxury home upgrades. This initiative will set sail with the goal of making luxury living accessible to everybody."
 
Mr. Rahul Thakker, BU Head – Homes & Living, Panasonic Life Solutions India added, "We are thrilled to announce the opening of our franchise store in New Delhi, with the goal of elevating our customer-centric strides and strengthening our connection with our customers, while the presence of other premium brands will assist us in reaching the right target audience. These franchises will function as consumer experience center."
 
Store Address - SACMEH International, Plot no 432/4, 1st floor, Mehrauli Gurgaon Rd, Sultanpur, New Delhi, Delhi, 110030
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