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Business Wire India - Multimedia: Digest for December 01, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

MIRAI JMAC, a leading advisory and consulting firm, announced the creation of MIRAI Capital Global with an initial corpus of USD 1.5 Billion in a strategic partnership with the UAE Royal Family Office (RFO) of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. This marks a significant milestone for MIRAI JMAC in its journey to establish itself as a trusted advisor to several diversified Business Houses and Large Family Offices (LFOs) across the Middle East, Japan, India, South Asia, and US regions.

"I intend to build the biggest global partnership & investment vehicle for the world and enhance the visibility of my diversified portfolio via MIRAI Capital Global," said H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. "I am committed to inspiring positive change and making a lasting impact on future generations through our innovative honeycomb approach. Join us as we bring together tomorrow's leaders to work towards a better world."

"We aim to leverage the unique strengths and resources of both the RFO and entrepreneurial innovation to create a more interconnected and inclusive world with MIRAI Capital Global," said Dunston Pereira, Group CEO of The Private Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. "We are committed to fostering an environment that nurtures and amplifies the ambitions of entrepreneurs, while upholding the values of tradition, integrity, and responsibility that are synonymous with the Royal Family."

Under the leadership of Mr. Pranav Jyoti, Chief Investment Officer for The Private Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi, and also the regional Managing Director of the multifamily office advisory and royal office execution partner, MIRAI JMAC has advised over 100+ family offices in South East Asia and India, building business legacy and managing assets worth over USD 20 Billion since 2015. The firm is also one of the largest regional multi-family office and growth advisory firm, with strong clientele in over 10 cities in South East Asia, US, and Japan.

"Our goal at MIRAI JMAC to connect large family offices with strategic investment opportunities and MIRAI Capital Global is a culmination of that mission," said Pranav Jyoti, Co-founder and Managing Director of MIRAI Capital Global. "Since 2018, UAE's family offices surged by 248%, exceeding 2,000 today. MIRAI JMAC facilitated their establishment in the UAE, aiding their core business expansion and partnerships with RFO. It is anticipated that these Offices may contribute 30% (USD 100 Billion) to start-up funding by 2025. At MIRAI Capital, we aim to harness this smart capital, becoming the top choice for entrepreneurs and fund managers seeking global expansion. We go beyond investing, embodying a team of builders, partnering with entrepreneurs to leverage MIRAI JMAC's vast network of CEOs and globally successful entrepreneurs ensuring impactful legacy creation and succession across various global regions."

MIRAI Capital Global is co-founded by Pranav Jyoti and Puneet Pandit, a veteran tech executive and entrepreneur from Silicon Valley. Puneet will be Group CEO of MIRAI Capital Global and build a team of regional Managing Partners. The firm will be headquartered in Silicon Valley, California, and will have a multi-feeder fund structure spanning UAE, India, Japan, and South Asia. MIRAI Capital Global aims to bridge the Far East with the West, leveraging UAE as the fulcrum and using India and South East Asia as a consumption market.

MIRAI Capital Global investment focuses on "Fund-of-Funds" on Venture Capital and Private Equity entities that are eager to participate in the high growth markets of India and UAE and will lead investments in selective start-ups and additionally align project-based financing with venture debt opportunities in UAE & India. Specific industry focus will include AI & High Tech, Healthcare, Manufacturing, Real Estate & Infrastructure. The partnership with RFO will be pivotal in identifying opportunities aligned with our shared vision for sustainable growth and positive global impact on the UAE.

"MIRAI Capital Global is going to be a game changer with its multi-tiered feeder approach and strategic focus on connecting the booming economies of India and UAE with ground breaking innovations from the West," said Puneet Pandit, Co-founder and Group CEO of MIRAI Capital Global. "We are betting big on Family Offices and serial entrepreneurs who are likely to impact the world via technology and AI-led innovation in the Silicon Valley along with the infrastructure and high consumption markets like India, Middle East and South East Asia. Our investment strategy will be defined by a data-driven approach, specialized sourcing capabilities, and an uncompromising commitment to meaningful collaboration with entrepreneurs."

The following leaders will also assume specific roles as part of the MIRAI Capital Global team:

Vinoth Beemjee: With 15 years of experience in Real Estate and Infrastructure Investment, Vinoth is a highly skilled Senior Partner and Regional APAC Lead. His expertise in Strategy, Private Equity, and Venture Capital markets make him a valuable asset in identifying and pursuing investment opportunities. Vinoth's transformative leadership with EMBA from IIM Lucknow and NICMAR have enabled him to successfully turn around businesses. His sharp insights and visionary approach drive impactful collaborations, giving his team a competitive advantage in Private Equity and Real Estate Investment.

Dhilip Purushothaman: With 25 years of experience in Finance, Marketing, and Business Transformation, Dhilip is a highly accomplished leader serving as Managing Partner and Regional MEA Lead. He has worked across multiple sectors including banking, fintech, payments, and start-ups in the US, India, and the UAE. His impressive roles includes esteemed organizations such as BoA, Morgan Stanley, BNP Paribas, Emirates NBD, Discover Financial, and Amazon Pay. With MBA from University of Chicago Booth School of Business and Jamnalal Bajaj Institute of Management Studies, Dhilip's diverse expertise and extensive experience make him a highly influential leader.

Kiran Murthi: With 25 years of experience, Kiran is a highly skilled CEO serving as Managing Partner, Strategy & Operations. His core strengths lie in catalysing digital growth across industries such as B2B payment, E-commerce, media etc. He holds degrees from IIT Madras and IIM Bangalore. Kiran's specialty lies in empowering companies during their growth phases and developing effective online sales strategies. As a trusted advisor, Kiran continues to play a crucial role in shaping India's digital economy and guiding businesses towards global expansion.

MIRAI Capital Global garnered the trust of more than 100 Fortune Cos 500 CXOs and successful entrepreneurs who have personally invested through their family offices and dedicated valuable time to help build a global ecosystem of growth partnerships. This is made possible by leveraging the MIRAI JMAC's execution capability and MIRAI Capital's unique honeycomb approach.

MIRAI Capital Global, via RFO, has built a strong pipeline of strategic opportunities that will ultimately build a bridge for the India–UAE–US corridor in 2024-25.

For more information on MIRAI Capital Global, visit www.miraicapital.global
Business Wire India

India's Eternal Hospital in Jaipur has achieved a groundbreaking milestone in cardiology with the successful execution of the first-ever Transcatheter Mitral Valve in Ring Replacement (TMVIR) procedure in India. Under the guidance of Dr. Samin K Sharma and the leadership of Dr. Prashant Dwivedi, this achievement promises to transform heart healthcare.
 
Traditionally, open-heart surgery was the standard approach for mitral valve issues. However, TMVR introduces a minimally invasive alternative, reducing trauma and recovery time. This innovative technique deploys a new valve through a leg-inserted catheter, eliminating the need for large incisions.
 
The "in ring" TMVR approach presents unique challenges that require exceptional expertise. The success of this procedure at Eternal Hospital showcases their commitment to pushing medical boundaries and improving patient outcomes.
 
Being the first in India and one of the few globally, this achievement propels India to the forefront of cardiology advancements, attracting attention from both domestic and international healthcare communities.
 
Eternal Hospital's TMVR success is revolutionizing cardiology by providing less invasive, faster recovery procedures. It's a significant leap towards better heart care.
 
Dr. Prashant Dwivedi rightly states, "With each stride made in cardiology, we come closer to ensuring a better quality of life for individuals grappling with cardiovascular conditions."
 
A New Dawn in Heart Care: Surgery No Longer the Sole Solution for Mitral Valve Replacement
 
Transcatheter Mitral Valve Replacement (TMVR) is emerging as a groundbreaking alternative to traditional surgery for mitral valve replacement. This minimally invasive approach offers hope for patients previously deemed unsuitable for open-heart surgery.
 
TMVR deploys a new valve through a small incision, reducing trauma and risk. It eliminates chest incisions and cardiopulmonary bypass, leading to less pain and quicker recovery.
 
Eternal Hospital in Jaipur is a leader in this revolutionary technique, combining expertise and technology to advance cardiovascular care.
 
Surgery is no longer the sole solution for mitral valve replacement, thanks to techniques like TMVR. Eternal Hospital is pioneering this shift, providing alternatives for patients who couldn't undergo conventional surgery.
 
A Leap Forward in Heart Health for Everyone
 
Eternal Hospital's TMVR achievement signifies a new era in heart care with several key points:
 
1. Less Invasive, Faster Recovery: TMVR reduces trauma and recovery time, offering relief to patients and families.
 
2. Expertise and Safety: Eternal Hospital's success demonstrates their commitment to patient safety and expertise.
 
3. Global Recognition: India's entry into TMVR resonates on the international stage, benefitting people worldwide.
 
4. Hope for High-Risk Cases: TMVR offers hope for high-risk patients who have limited treatment options.
 
5. A Transformative Shift: This achievement redefines cardiology, making heart care more accessible, less intrusive, and equally effective.
 
In conclusion, Eternal Hospital's pioneering work with TMVR is a significant leap towards better heart care for all individuals. As cardiology advances, a better quality of life for those with cardiovascular conditions becomes increasingly attainable. Medical professionals like those at Eternal Hospital are making this possible.

To know more about TAVI: https://www.eternalhospital.com/tavi-campaign/ 
To know more about Dr. Prashant Dwivedi: https://www.eternalhospital.com/doctor/prashant-dwivedi
Business Wire India

Rythium Technologies, a leading provider of Oracle licensing solutions, today announced the launch of the Java License Analyzer, a groundbreaking tool that simplifies and streamlines Oracle Java licensing management for enterprises.
 
According to Sheshagiri Anegondi, CEO of Rythium Technologies, the Java License Analyzer empowers enterprises with unparalleled visibility and analytics into their Java deployments enabling them to make informed decisions about Java licensing strategies and mitigate the risk of non-compliance penalties.
 
Oracle Java licensing has become an increasingly complex issue for enterprises worldwide. The evolving licensing landscape, coupled with the growing adoption of Java technologies, has created a significant compliance burden. Oracle's revised Java licensing structure has significantly increased the cost of Java usage, with analyst estimates ranging from a 10-fold to a 14-fold increase.
 
Because of the Java license changes, organizations will be compelled to re-evaluate their Java usage patterns. The initial step in this process entails gaining comprehensive visibility into their current deployment landscape.
 
The Java License Analyzer is an almost fully automated tool that provides deep insights into an organization's Java deployments. It scans servers, desktops, and cloud environments to identify all Java installations and associated licenses. The tool meticulously categorizes and standardizes all detected Java installations, aligning them with their respective legal agreements, embedded entitlements, and pre-licensed permissions. This comprehensive approach grants customers granular visibility into the license requirements for each server and endpoint. Armed with these insights, organizations can readily identify opportunities for remediation and license optimization.
 
"Armed with the comprehensive insights derived from the Java License Analyzer, IT and Procurement teams can effectively negotiate optimal pricing and terms for Java licenses from Oracle or make informed decisions to leverage alternative third-party JREs at more cost-effective rates," asserts Anil Nahata, Partner at Rythium Technologies.

The Java License Analyzer is a powerful tool that can help organizations of all sizes effectively manage their Java licensing compliance. By providing visibility, automation, and control, the Java License Analyzer helps organizations reduce Java costs, mitigate risks, and ensure that they are using Java technologies in a compliant manner.

Availability:

The Java License Analyzer is available in two editions:
  • Java License Analyzer – Standard Edition. This edition enables customers to deploy and use the tool on their own.
  • Java License Analyzer – Premier Services Edition. This edition includes the subscription license for the tool with services included for a one-time discovery & analysis engagement.
Business Wire India

  • Bhupender Yadav closes India Global Forum's Middle East and Africa 2023 in Dubai
  • India Global Forum Middle East and Africa concludes with Climate for Business Forum
  • Climate for Business Forum spotlights climate leadership, clean energy, green finance and sustainability
​
Ahead of COP28 in UAE, India's Environment Minister Bhupender Yadav underscored the importance of climate justice. Speaking at the final session of the concluding day of India Global Forum's Climate for Business (ClimB) Forum, the Minister said, "17% of the developed world has a per capita emission of 60%, but what about the 54 African countries? Their carbon emissions are only 4%. When we talk about climate change, we must talk about climate justice also. It is important to give a dignified life to every human being, and to recognise that every country has a right to development."

Drawing attention to the unfulfilled funding pledges by developed countries, Yadav said, "The promise by developed countries to provide a hundred billion dollars in finance has not been fulfilled till today. So where will the trust come from?"

"In COP28, the outcome of Global Stocktake is very important," he said, adding that the conference should adopt the framework of the Global Goal on Adaptation. The minister also called upon COP28 to increase the funds for global adaptation practices.

ClimB Forum, strategically timed on the eve of the COP28 Summit in Dubai, explored the convergence of climate leadership, clean energy, policy strategies and green financing for the promotion of sustainable economic growth, and the critical role of technology and innovation in addressing the far-reaching impacts of climate change.

Earlier in the day, Commonwealth Secretary-General Rt Hon Patricia Scotland highlighted the existential threat climate change posed to vulnerable nations.

"One of the reasons why we are so determined to be the difference we need to make now, is because if we don't stop this, if we don't hold to the 1.5 degrees, there will not just be individuals who will no longer be here, many of our countries will not be here either. You've heard the slogan '1.5 to stay alive,' it's not a slogan, it's lived reality for the 25 small (Commonwealth) states and most of the other developing states in our world."

Recalling the devastation caused by Hurricane Maria in Dominica, an emotional Scotland said, "When you think about climate change, all of us need to understand it is deeply personal. This is not some esoteric, academic exercise. This is people's lives, their livelihoods and their countries. When someone tells you your island is no more and the graveyards of your parents are the bottom of the sea, and you've lost your culture, your music, your language, and your people, these things are irreplaceable. That is what existential means, not a word, but a reality."

"The world accepted that Covid presented an existential threat to us all, and we responded, we acted, we came together and we fought it. The threat that climate poses is actually an even greater threat and what is really quite curious is, why aren't we now responding with the same urgency, with the same rigour and the same vigour. If you look at where we are now, human genius, got us into this mess…and human genius will have to get us out of this mess," she observed.

The challenges around climate financing and discrimination faced by developing countries were recurring themes that emerged throughout the day.

Highlighting global inequity, Kate Hampton, CEO of The Children's Investment Fund Foundation noted, "Look at the cost of capital that is faced by developing countries relative to advanced economies. Unless we bring that cost of capital down, countries and communities will find it difficult to invest in climate mitigation, but also in resilience because a lot of green solutions have a high upfront cost."

Deepali Khanna, Vice President Asia, Rockefeller Foundation said, "Where a lot more needs to be done is the commitments that have been made so far. When you're looking at developed countries, the hundred billion dollars that we need to be flowing, is really the need of the hour. Developing countries need the resources, they need the capacity to be able to absorb this finance as well as get the finance for everything that they need to do."

India Global Forum Middle East and Africa 2023 programme convened business leaders, policymakers, and thought leaders from India, UAE and Africa to discuss opportunities for further collaboration and growth between these regions through a series of exclusive networking opportunities, panel discussions, and keynote speeches, covering a range of topics including trade, investment, innovation, technology, and sustainability.

To watch the session click here, and to access photos click here.

CREDAI-MCHI Golden Pillar Awards Return in Spectacular Fashion

Thursday 30 November 2023 12:30 PM UTC+00
Business Wire India

Prepare for a real estate extravaganza like never before as the Golden Pillar Awards, touted as the "Oscars" of the real estate sector, makes its grand return after a five-year hiatus. Set against the dazzling backdrop of Jio World Convention Centre, Mumbai, on December 15, 2023, this event promises an evening of opulence and celebration. With a legacy of protecting, promoting and recognising the best in real estate as a nodal agency, CREDAI-MCHI has been at the forefront of transforming urban landscapes.
 
The Golden Pillar Awards organised by CREDAI-MCHI are not just an awards ceremony but a testament to innovation, excellence, and an unwavering commitment to quality in the real estate industry. With over 1800 developers contributing to an expected 2000+ nominations, this edition is poised to be a glittering showcase of the best in the business. Chandan Steel takes centre stage as the proud title sponsor of this illustrious event.
 
Mr. Domnic Romell, President of CREDAI-MCHI, expresses exhilaration, saying, "The Golden Pillar Awards are a celebration of the industry's spirit, and this second edition promises to be even more extraordinary. We're not just recognising achievements but celebrating the passion and innovation that shape our urban spaces." According to him, the award will highlight the industry's resilience after the challenges of the Covid-19 pandemic. "The awards serve as a beacon, spotlighting the industry's journey towards becoming a USD 6 trillion sector and acknowledging the limitless talent," he added.
 
Mr. Sukhraj Nahar, Chairman of Golden Pillar Awards, expressed, "Golden Pillars is not just an awards ceremony; it's an immersive experience. It is a glittering red carpet-event with glamorous entertainment and an illustrious guest list comprising industry giants, government officials, and renowned personalities. It's a night of celebration, networking, and inspiration, where the luminaries of the real estate sector converge to share successes and ideas."
 
Building on the success of the 2018 edition, the second Golden Pillar Awards promises to be grander, featuring categories spanning residential and commercial projects, sustainable development, architecture, and more. A panel of esteemed judges and tabulation partner Ernst & Young (EY) ensures transparency in the selection process. Beyond accolades, the Golden Pillar Awards are an ode to exceptional individuals in real estate, affectionately known as "Lions". CREDAI-MCHI has ingeniously crafted a platform to honour their outstanding contributions and unwavering passion for the industry.
Business Wire India

On the occasion of the 5th convocation ceremony of Symbiosis University of Applied Sciences (SUAS), Indore on November 27, 2023, a total of 294 students were conferred with their degrees. Mr. Aditya Ghosh, Former President of Indigo, Founder of Homage, Co-founder of AkasaAir and Board Member of Fabindia and OYO was the Chief Guest for the ceremony. Mr. Ramanathan Gopalkrishnan, Former Chief Executive Officer of Barclays, India was the guest of honour. Dr. Swati Mujumdar, Pro-Chancellor, SUAS presided over the function in the presence of Dr. Prithvi Yadav, Vice Chancellor, SUAS.

Dr. Swati Mujumdar, Pro-Chancellor of Symbiosis University of Applied Sciences, gave a comprehensive overview of the university's transformative journey over the past five years. She emphasized on the substantial growth the university achieved during this period. Dr. Mujumdar highlighted the university's commitment to excellence, explaining that the programs are meticulously crafted based on extensive industry interactions, resulting in a curriculum that aligns with industry needs. This strategic approach has yielded impressive outcomes, with a 100 percent placement rate achieved even amidst the Covid pandemic and approximately 20-25 percent of students every year venture into entrepreneurship.

Sharing about the future plans, Dr. Swati Mujumdar said that Symbiosis University of Applied Sciences will create an experiential center where potential students and parents who want to put their children through various academic programs can understand the student's aptitude and opportunities available in the market. This will help students to identify the right career path and right academic program for themselves.

Mr. Aditya Ghosh said, "Convocations are also referred as commencement ceremonies. Because while it celebrates the successful completion of one chapter of our lives; it is also a beginning of lifetime of creating impact on lives of many others. Rather than the challenges which are common around us my suggestion is to focus on risks. Our two biggest risks are not the global economy or the pace of growth of the Indian economy or whether one is employed or not, but complacency and arrogance is our biggest threat."

Mr. Ramanathan Gopalkrishnan as our Guest of Honour at the convocation ceremony shared profound insights into navigating the challenges of today's Volatile, Uncertain, Complex, and Ambiguous (VUCA) environment. According to him, success in this dynamic landscape necessitates the ability to manage unprecedented situations, demanding flexibility and adaptability.

Mr. Gopalkrishnan emphasized five critical mindsets crucial for thriving in today's industries. He encouraged students to embrace change and innovation. Secondly, he advocated for a move from a competitive mindset to a culture of collaboration. He said that the third mindset shift involves organizational structure, transitioning from authority to partnership and collaboration. The fourth shift is from a mindset of control to one of evaluation as a coach, promoting rapid learning and a discovery-oriented approach. Lastly, he encouraged graduates to shift from a mindset of conformity to authenticity, fostering a diverse and innovative work culture.

Dr. Prithvi Yadav, the Vice Chancellor of SUAS, presented the annual report of the university, emphasizing the noteworthy accomplishments of students and the impactful patents and research conducted by the faculty. In underscoring the distinctive features of the university, he expressed, "Our students benefit from exposure to the latest cutting-edge technologies, specialized skill training labs, and centers of excellence within the university campus. The engineering faculty, in particular, boasts over 30 state-of-the-art centers of excellence established by renowned German companies such as Lucas Nuelle and Siemens. These facilities represent the pinnacle of tools for imparting skill training, ensuring that our students are equipped with the best resources for their educational journey."
 
Gold Medals
 
Ms. Mitali Malani, MBA in BFSI and Mr. Saharsh Kumar Laad, B.Tech CSIT received The Chancellor's Gold Medals this year. The Chancellor's Gold Medal is given to the 'Best Outgoing Student from UG and PG program.'
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