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Business Wire India - Multimedia: Digest for March 06, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

The Lubrizol Corporation proudly announces the appointment of Bhavana Bindra as Managing Director, India, Middle East & Africa (IMEA). The newly created role will support Lubrizol's aggressive growth goals and ongoing commitment to the region.
 
With over two decades of experience in the manufacturing industry and working with renowned companies in this space like REHAU and Cummins India, Bhavana will apply her leadership and industry expertise to drive Lubrizol's growth in the region.
 
As Lubrizol IMEA Managing Director, Bhavana will be responsible for leading the company's IMEA team to deliver regional growth for Lubrizol and its customers, based on a local-for-local approach. Bhavana will work closely with Lubrizol leaders across the company to support localized market opportunities and strengthen relationships with in-region customers, suppliers and stakeholders. She also will provide oversight of a new Global Capability Center in Pune, India, which will serve as a regional hub that enhances Lubrizol's capabilities for regional growth.
 
"Lubrizol has a long history of success across India, Middle East and Africa, and we look forward to further growing and strengthening our support for our customers and partners in these regions," said JT Jones, SVP, High Growth Regions, Lubrizol. "We have incredible talent across the region and look forward to expanding our team and our footprint across the region."

This appointment continues Lubrizol's commitment to the region, including a commitment of $150 Million investment in India to accelerate growth, most notably including a new state-of-the-art CPVC resin plant in Vilayat, India, which will be the world's largest CPVC resin plant when operational in 2025.

Thinking Of Investing: Think Tata AIA ULIPs

Tuesday 05 March 2024 04:40 AM UTC+00
Business Wire India

​

  • Tata AIA funds have consistently outperformed benchmarks.
  • 95.25% of the rated AUM of Tata AIA Life is rated either 4 star or 5 star on a 5-year basis as of January 31st, 2024, by Morningstar Ratings*
  • As of 29th February '24, the Company's total Asset Under Management (AUM) was INR 96,532 Cr.

Over the past few years, Tata AIA, one of India's leading private life insurers, has consistently introduced new investment opportunities to investors seeking to generate wealth. Exploring several diverse themes, Tata AIA has developed a robust suite of 8 Unit linked products.
 
These products have generated superior returns over multiple time periods, consistently beating the benchmark. The above table shows the performance of multiple Tata AIA unit linked products across diverse themes.
 
To add to this outstanding performance is the fact that the funds are also highly rated. 95.25% of the rated AUM of Tata AIA Life is rated either 4 star or 5 star on a 5-year basis as of January 31st, 2024, by Morningstar Ratings*, the global benchmark.
 
Tata AIA's investment philosophy reflects an unwavering commitment to policyholders, focusing on delivering superior, consistent, and risk-adjusted long-term returns. Embracing a bottom-up stock-picking strategy backed by a well-defined research process, Tata AIA remains steadfast in sound investment practices, undeterred by market cycles.
 
To add to the fund performance is the suite of unit linked solutions that consumers can purchase. These include products like Fortune Pro, Wealth Pro, Fortune Maxima, etc. In recent years, Tata AIA has introduced 'one of its kind' solutions, namely Investment Linked Plans under the Param Rakshak (PR) series. These solutions enable consumers to avail market-linked plans with a higher protection cover, thereby offering the dual benefit of financial security with wealth creation opportunities. Some of these solutions include PR Pro, PR Elite, etc, offering wide range of premium payment and payout terms. What more, consumers can avail options like Systematic Withdrawal, in line with their investment needs. 

Recently, the company has also introduced Pro-Fit which enables them to invest for future health-related expenses while generating wealth through market-linked investment. To add to this is the Health & Wellness proposition, with the globally renowned Vitality platform, available only through Tata AIA solutions in India. This allows to adopt a healthy regime and also get discounts on their policy premium amount.

Commenting on Tata AIA's fund performance, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA, said, "At Tata AIA, we are committed to offer best-in-class and highly rated investment opportunities to our consumers, coupled with financial security for their loved ones. As Atmanirbhar Bharat continues on its robust growth trajectory, our investors can benefit from the diverse unit linked life insurance solutions that we offer. They can thus be prepared to harness opportunities that life offers, thereby being Har Waqt Ke Liye Taiyaar."

The long-term prospects for the Indian economy remain promising, bolstered by several key growth drivers, one crucial factor contributing to this optimism is India's sizeable and rapidly expanding middle class, which continues to fuel consumer spending. This trend coupled with a robust industrial sector, has positioned India as an increasingly attractive investment destination on the global stage. Projections indicate that the Indian economy is poised to achieve a growth rate of around 7% for the fiscal year 2024. Furthermore, with continued momentum, India is widely anticipated to ascend to the ranks of the world's top three economies by 2030, underscoring its emergence as a significant player in the global economic landscape.
 
*©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited ("Morningstar"); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (4) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information.
Business Wire India

The US-India Strategic Partnership Forum (USISPF) is delighted to welcome Mr. Ravi Kumar S, the Chief Executive Officer (CEO) of Cognizant to its Board of Directors.
 
At the helm of Cognizant, Ravi sets the strategic direction of the company and has inculcated a strong client-first culture at all levels. Since taking over in January 2023, Ravi's focus at Cognizant has been on ensuring sustainable growth and prioritizing long-term shareholder value.
 
Commenting on Ravi's appointment to the USISPF Board, USISPF President and CEO, Dr. Mukesh Aghi said, "Ravi is a doyen in the tech industry and is a foremost thought leader who has unparalleled insights on the dynamic and fast-changing nature of the tech sector. At USISPF, our ethos is building stronger bridges between the United States and India, and the services sector, particularly IT, with the export of IT services remains, one of India's flagship contributions to the United States tech economy. In an era of a digital-first economy and digital trade, Cognizant's work through the years exemplifies the burgeoning collaboration in the U.S.-India technology partnership success story. India's robust tech talent remains pivotal in fortifying and expanding the tech sector within the United States. I wholeheartedly welcome Ravi to the USISPF Board and look forward to the next chapter in the U.S.-India story."
 
USISPF Chairman John Chambers congratulated Ravi and said, "It's a pleasure to welcome Ravi to the USISPF Board of Directors. Ravi is an accomplished leader in IT services, and his broad experience in the industry – touching digital transformation, engineering services, data analytics, and more – puts him in the top caliber of experts supporting innovation in this space, particularly in India. Cognizant's role in strengthening the tech ties between the U.S. and India is clear, demonstrated by the company's integral role in India's near $200 billion software exports for 2023. I look forward to having Ravi on our board. His partnership will undoubtedly help further the flourishing tech partnership between our two democracies."
 
Commenting on his addition to the USISPF Board, Mr. Ravi Kumar S, said, "I am honored to join the USISPF Board of Directors. At Cognizant, I have the honor of leading an American company which is India's second-largest employer among multinationals. Seventy percent of our nearly 350,000 employees live in India, and I believe that their work is the critical cog on the tech talent wheel that will help drive economic success for both countries. This is the mission to which the USISPF has dedicated itself and I am thrilled to help author the story of our nations' mutual success."
 
In addition to joining the Board of Directors at USISPF, Ravi is also a member of the board of directors of TransUnion and the board of directors for the U.S. Chamber of Commerce. He is also on the board of governors of the New York Academy of Sciences.
Business Wire India

Leading Indian broadcaster, Sony Pictures Networks India (SPNI), has extended its collaboration with Union of European Football Associations (UEFA), with a renewal of exclusive broadcast and digital rights for showcasing the biggest European club football leagues that includes UEFA Champions League, UEFA Europa League, UEFA Conference League, UEFA Super Cup and UEFA Youth League.

The renewal is valid from the 2024/ 2025 season till the end of the 2026-2027 season. As part of the three-season renewal, the broadcaster will have access to showcase over 1600 football matches across its channels over three seasons. Audiences in India will get a chance to watch their favorite teams like Real Madrid, Manchester United, Bayern Munich, Arsenal, Manchester City, Liverpool and more along with their favorite players like Kylian Mbappe, Mo Salah, Erling Haaland, Bruno Fernandes, Jude Bellingham, Harry Kane and Robert Lewandowski amongst others. These UEFA tournaments will be available exclusively on both linear television on Sony Sports Network as well as live-streamed on their on-demand OTT platform SonyLIV in the Indian subcontinent.

The UEFA Champions League will also be following a new format and competition system from 2024/25. From this season, four additional clubs will participate in the UEFA Champions League in a new league phase giving four more sides the opportunity to compete against the best clubs in Europe. 36 clubs will participate in this single league format in which all 36 competing clubs are ranked together. This will make this phase of the tournament even more exciting and would give the fans an opportunity to see more matches between the top teams. In addition to this, UEFA's premier club competitions will no longer have a break in January, so fans can continue to enjoy non-stop European club football from August to May without any breaks in between.

Sony Sports Network will continue to telecast select UEFA Champions League matches in Hindi, Tamil and Telugu and the contribution of regional language coverage to the viewership of the league's knockout matches has gone up in recent years. Over the last three years, the incremental reach contributed by the regional coverage has increased from 25% in the 2020/21 season to 38% in the last season (2022/23).

Sony Sports Network has been the home to UEFA Champions League since 2017 and this year the final is going to take place at the 'Home of Football', Wembley Stadium in London, England. In addition to this, Sony Sports Network continues to be the official broadcaster for the UEFA EURO 2024, Bundesliga, Emirates FA Cup, Roshn Saudi Pro League and more.

Comments:

Rajesh Kaul, Chief Revenue Officer - Distribution & International Business and Head - Sports Business, Sony Pictures Networks India:
"Sony Sports Network, with a longstanding commitment to showcasing the very best of football, takes immense pride in announcing the extension of its partnership with UEFA for the next three seasons. Through this renewed collaboration, Sony Sports Network reaffirms its dedication to delivering unrivalled access to the most prestigious club football tournaments to fans across the Indian subcontinent. Since 2020, UEFA Champions League viewership in India has surged by over 51%, attributed largely through the introduction of regional language commentary. With the forthcoming transition to a new format, featuring over 125 additional matches and up to 38 early kickoff matches per season tailored for Indian audiences, we are confident that this growth will gain momentum further. As the 'Home of Football' in India, we eagerly anticipate showcasing over 1600 highly competitive football matches across these leagues to our viewers."
 
Guy-Laurent Epstein, UEFA Events SA Marketing Director UEFA:
"We are pleased to continue our partnership with Sony Sports Network. Sony Sports Network coverage of UEFA properties in India has led to the growth of its following and viewership in India. Fans in the region will be offered extensive and excellent coverage of UEFA's Football portfolio which includes the UEFA Champions League, UEFA Europa League and UEFA Conference League, with the broadcast on Sony Sports Network and their digital platform Sony LIV."

For the latest updates from the world of sport, follow the Sony Sports Network on Instagram, Twitter, Facebook and subscribe to our YouTube channel.
Business Wire India

CorporatEdge, an industry leader in providing premium serviced workspace solutions, is thrilled to announce its new Marquee category with the launch of the third location in Bengaluru. Located at the Prestige Trade Tower, the workspace is an opulent and high-end office of CorporatEdge. This expansion marks a significant milestone for CorporatEdge as it continues to redefine workspace experiences.

This is CorporatEdge's sixth workspace in India, having more centers in Delhi, Gurugram, and other areas of Bengaluru. Marquee by CorporatEdge is situated in the heart of Bengaluru and is a blend of modern design and state-of-the-art amenities. With serviced offices, team offices, private office suites, and director cabins, Marquee by CorporatEdge offers tailor-made solutions to fit all kinds of business needs.

On this occasion, Ms Monaah M Shuklla, Founder and CEO of CorporatEdge said, "We recognized the evolving needs of modern professionals. Our journey at CorporatEdge has been exciting, and now, with the launch of our New Marquee category in Bengaluru, we're embarking on a new transformation."

She further added, "Our goal has always been to provide more than just workspaces. We aim to curate an experience that aligns seamlessly with the progressive mindset of modern professionals. With extensive market research and conversations with clients, we have shaped the vision for Marquee, to introduce not just functionality, but an elevated work environment."

The new office is committed to sustainability. The new Marquee category boasts eco-friendly practices, reflecting a conscientious effort to align with global environmental concerns, while also fostering productivity and work-life balance. Weaving together luxury, hospitality, services, sustainable design, and an overall experience, Marquee aligns with premium features and amenities.

Mr Aashish S Shukla, Managing Director of CorporatEdge expressed, "CorporatEdge has tapped into the growing demand for flexible workspaces and provides an area of 1,67,000 square feet across the country. We are planning to invest more and expand to a footprint of 1.7 million square feet spread over 10 cities pan-India and densify presence in the existing cities as well. This would be with a deployment of Rs. 300+ crores over the next 5 years. 'Marquee' brand intends to deliver the best-in-class experience encompassing design, acoustics, technology, and comfort for the corporates. A must-experience office for the new age."

Founded in 2012, CorporatEdge's exquisitely designed workspaces are popular among most corporates. The brand has serviced Fortune 500 companies, MNCs and caters to a mature domestic audience. All centers are in prime locations and have easy access to healthcare, fire and safety, entertainment, as well as the international airports. 
Business Wire India

With the onset of the spring season, Max Fashion is all set to add a dash of magic and sprinkle freshness into the kids' wardrobes in India. The latest collection, 'Fun-tastic Fashion for Kids,' arrives just in time to refresh the fashion palette of young trendsetters across India. It showcases a delightful array of new season styles, from trendy brights and soft pastels to character-themed apparel, ensuring that every child steps into the year with style and joy.
 
With an emphasis on offering a wide range of choices for kids in India, the collection highlights trendy co-ords and matching sets, reflecting the season's popular styles. These pieces range from casual playtime outfits to more resort wear, providing versatile options for every child's wardrobe. The co-ord range stands out with colours like blues, peaches, yellows and more, adding a fresh and lively palette that appeals to both juniors and teens.
 
Furthermore, the range of T-shirts dives into the world of beloved characters, offering everything from Disney princesses and Garfield to superheroes and the classic pair, Tom & Jerry. With such a variety being offered, kids of all ages and tastes can easily find outfits that highlight their favourite heroes and stories. 
 
Here is a breakdown of some of the notable highlights from the collection:
 
Tops and Tees for Girls Starting at Rs. 129: The series includes an adorable selection of tops and tees for girls. It brings together a world of colours like lime, pink and purple and patterns such as marble, gingham and more. From playful tie-dye and comfy graphic tees to elegant schiffli and statement peplum tops, there's something for every girl's taste and style.
 
Tees and Polos for Boys Starting at Rs. 129: Boys can look forward to a cool range of oversized tees and polos that mix classic styles with modern twists. Striped patterns, interactive prints, and colour-blocked options for teens make experimenting with varied fashionable looks easy every day.
 
Dresses for Girls Starting at Rs. 269: The dresses are all about bringing joy and brightness into little girls' lives. Whether it's a light summer dress, a cosy knit for cooler days, or garden bloom prints for that touch of nature, they are sure to make every day feel like a celebration.
 
Shirts for Boys Starting at Rs. 399: Offering a variety of shirts that cater to every mood and occasion, boys can enjoy a selection that ranges from laid-back casual to smart-casual, ensuring they're always best dressed for any event. Checked, poplin, camouflage, striped, all-over print and solid styles dominate the collection, each designed to offer versatility and flair.
 
Clothing Sets for Kids Starting at Rs. 399: For hassle-free styling, the set features clothing sets that are both stylish and practical. Perfect for quick dressing for school or play, these sets offer easy summer looks for infants and juniors, combining comfort and fashion. Furthermore, the sleepwear range offers cosy options for nighttime, ensuring kids enjoy comfort around the clock.
 
There's so much more to discover at Max Fashion. From everyday jeans that combine durability and style to festive wear that brings joy to any celebration, the range ensures every child finds their perfect outfit. With accessories to complement every look and footwear to step up the game, the selection is a gateway to a world of fashion possibilities for the young and restless.
 
Max Fashion solidifies its position as a one-stop shop for all diverse fashion needs of the kids today, offering a comprehensive range that covers everything from active days to peaceful nights. Shoppers are being encouraged to discover the full collection and give kids the stylish start they deserve this year.

Thinking of Investing: Think Tata AIA Plans

Tuesday 05 March 2024 03:27 PM UTC+00
Business Wire India

  • Tata AIA funds have consistently outperformed benchmarks.
  • 95.25% of the rated AUM of Tata AIA Life is rated either 4 star or 5 star on a 5-year basis as of January 31st, 2024, by Morningstar Ratings*
  • As of 29thFebruary'24, the Company's total Asset Under Management (AUM) was INR 96,532 Cr.
​
Over the past few years, Tata AIA, one of India's leading private life insurers, has consistently introduced new investment opportunities to investors seeking to generate wealth. Exploring several diverse themes, Tata AIA has developed a robust suite of 8 Unit linked products.

These products have generated superior returns over multiple time periods, consistently beating the benchmark. The below table shows the performance of multiple Tata AIA unit linked products across diverse themes.

To add to this outstanding performance is the fact that the funds are also highly rated. 95.25% of the rated AUM of Tata AIA Life is rated either 4 star or 5 star on a 5-year basis as of January 31st, 2024, by Morningstar Ratings*, the global benchmark.

Tata AIA's investment philosophy reflects an unwavering commitment to policyholders, focusing on delivering superior, consistent, and risk-adjusted long-term returns. Embracing a bottom-up stock-picking strategy backed by a well-defined research process, Tata AIA remains steadfast in sound investment practices, undeterred by market cycles.

To add to the fund performance is the suite of unit linked solutions that consumers can purchase. These includes products like Fortune Pro, Wealth Pro, Fortune Maxima etc. In recent years, Tata AIA has introduced 'one of its kind' solutions, namely Investment Linked Plans under the Param Rakshak (PR) series. These solutions enable consumers to avail market linked plans with a higher protection cover, thereby offering the dual benefit of financial security with wealth creation opportunities. Some of these solutions include PR Pro, PR Elite etc, offering wide range of premium payment and payout terms. What more, consumers can avail options like Systematic Withdrawal, in line with their investment needs. 

Recently, the company has also introduced Pro-Fit which enables them to invest for future health related expenses while generating wealth through market linked investment. To add to this is the Health & Wellness proposition, with the globally renowned Vitality platform, available only through Tata AIA solutions in India. This allows to adopt a healthy regime and also get discounts on their policy premium amount.
 
The long-term prospects for the Indian economy remain promising, bolstered by several key growth drivers, One crucial factor contributing to this optimism is India's sizeable and rapidly expanding middle class, which continues to fuel consumer spending. This trend coupled with a robust industrial sector, has positioned India as an increasingly attractive investment destination on the global stage. Projections indicate that the Indian economy is poised to achieve a growth rate of around 7% for the fiscal year 2024. Furthermore, with continued momentum, India is widely anticipated to ascend to the ranks of the world's top three economies by 2030, underscoring its emergence as a significant player in the global economic landscape.

*©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited ("Morningstar"); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (4) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information.
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