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Business Wire India - Multimedia: Digest for April 27, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

Concerned about maintaining your skin's hydration amidst the scorching summer heat, it's time you shield your skin against the season's harsh elements and embrace sun-kissed days with confidence and radiance.

The new Evion Cream from India's #1 Vitamin E Brand brings together the goodness of Vitamin E and Aloe Vera for a radiant nourished and glowing skin. Enriched with the potent antioxidant properties of Vitamin E and the soothing essence of natural aloe vera extracts, this cream helps reduce dullness and dark spots making sure that your skin radiates its natural glow. It protects skin from dehydration and wrinkles and moisturises with the richness of Aloe Vera. Use it as a daily moisturizer, pair it with your sunscreen or wear it as the last thing before you sleep, Evion cream is as versatile as it gets.

Its rejuvenated formula goes beyond hydration, combatting dullness, dark spots, and the damaging effects of environmental stressors like sun exposure and pollution. Vitamin E and the richness of Aloe Vera helps Nourish, Repair & protect skin, ensuring it is hydrated and well moisturized. 

Mr. Vijay Pampana, Director & Head of Marketing, P&G Health, shared, "Our skin faces a myriad of challenges everyday from exposure to harsh sunlight and environmental pollutants, to the stresses of daily life. As India's #1 Vitamin E brand, we are delighted to help our consumers incorporate the goodness of Vitamin E and Aloe Vera in their daily skincare routine with the New Evion Cream. We invite women from across India to join Raashii in taking the #EvionOMG Challenge and begin their journey towards radiant, nourished, and glowing skin."
 
Acclaimed actress Raashii Khanna has collaborated with Evion for the super cool #EvionOMG challenge and invites consumers from across India to take the challenge on Instagram by sharing her reel on their stories. 3 lucky winners of the contest will have the exclusive opportunity to meet Raashii in person and collaborate on a special reel with her while 50 winners will receive a cool hamper from Evion Cream.
 
Evion Cream is available on Ecommerce platforms such as Amazon and in pharmacy stores near you.
Business Wire India

The Forum of Indian Food Importers (FIFI), convened a significant regulatory session in collaboration with the Department of Animal Husbandry and Dairying (DAHD) and the Food Safety and Standards Authority of India (FSSAI). This initiative came into being on the context of FIFI organizing the largest U.S. Agricultural Trade Mission to India and offering an educational platform aiming to strength trade ties while maintaining adherence to regulatory standards. This session also underscored FIFI's commitment to fostering dialogue and collaboration within the food industry to ensure compliance and facilitate smoother imports.
 
The deliberation highlighted the proactive stance of the Government of India regulatory authorities while showcasing their openness to imports of the goods if the exporting partners adhere to the Indian regulatory requirements. Key discussions during the session revolved around technology transfer and compliance in various sectors including dairy, poultry, seafood, meat, tree nuts, dry fruits, and others. Additionally, participants explored avenues to enhance re-export opportunities, furthering India's role as a key player in the global food market.
 
Ms. Alka Upadhyaya, Secretary DAHD, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, highlighted the organization's existing Memorandums of Understanding (MOUs) with numerous countries and expressed openness to all product categories in the meat and dairy sector that comply with Indian animal husbandry regulations and standards. She emphasized the importance of safeguarding Indian consumer sentiments while promoting trade.
 
Ms. Inoshi Sharma, Executive Director of the Food Safety and Standards Authority of India, echoed the government's commitment to addressing concerns raised by various trade bodies. She emphasized, "We are dedicated to enhancing India's Ease of Doing Business (EODB) environment and have undertaken significant steps to achieve this goal." Additionally, she highlighted the importance of gathering feedback from associations like the Forum of Indian Food Importers to understand the challenges faced by stakeholders. 

She further stated, "One such initiative is the proposed introduction of Basic Food Import Clearance Fees, which will subsume visual inspection and testing fees. This move aims to lessen the burden on businesses." She emphasized that such announcements demonstrate the government's commitment to facilitating smoother trade practices.
 
The objective of the knowledge session was to provide visiting American delegates with insights into the regulatory landscape concerning agricultural, food, and beverage imports in India. The session contributors outlined the regulatory landscape in India and provided an outstanding opportunity for participants to interact and capture tactical expertise from the regulator, importer, and facilitator under one roof about the dynamic Indian market.
 
Mr. Amit Lohani, representing Indian imports, praised the pragmatic approach of the DAHD and FSSAI in addressing industry concerns and fostering cooperation. He emphasized the importance of such initiatives in streamlining processes and nurturing a conducive environment for trade in the food industry. Additionally, Mr. Lohani highlighted the significance of ensuring compliance with Indian regulations while promoting trade, emphasizing the mutual benefits for both domestic and international stakeholders. He expressed optimism about the positive impact of this collaboration on the industry as a whole and reiterated FIFI's commitment to supporting initiatives that facilitate smoother trade practices.
Business Wire India

IIFL Samasta Finance, which is one of India's largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors.

This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector.

Besides Former Chairman of NABARD, Dr. Govinda Rajulu Chintala, Former Managing Director of Equifax Credit Information Services Mr. Kalengada Mandanna Nanaiah, Former President of Institute of Chartered Accountants of India (ICAI) Mr. Nihar N Jambusaria and Co-promoter of IIFL Group, Mr. R. Venkataraman have joined the board. Mr Venkataraman joined as an Additional Director (non-executive), while Dr. Chintala, Mr. Nanaiah and Mr. Jambusaria joined as Additional Director (non-executive and Independent). The Board will now comprise of seven members.

Commenting on his appointment Dr. Govinda Rajulu Chintala said, "I am glad to join this exceptional team as we celebrate our company's impressive financial year results. Looking forward to contributing to our continued success."

Dr. Chintala has more than 20 years of experience as a Director of Boards of various financial, Insurance and microfinance institutions. He was the Chairman, NABARD till 31st July 2022. As Chairman, he spearheaded pivotal initiatives including the sanctioning of landmark projects and forging strategic partnerships. These endeavours encompassed the establishment of the Long-term Irrigation Fund and Rural Infrastructure Development Fund (RIDF), support for infrastructure projects, assistance for computerization of Primary Agricultural Credit Societies (PACS), implementation of Special Packages, and facilitation of healthcare infrastructure under RIDF/NIDA. Additionally, he played a key role in providing Rural Infrastructure Assistance to States (RIAS).

Commenting on his appointment Mr. Kalengada Mandanna Nanaiah said, "I had the opportunity to work with microfinance Industry during my tenure as CEO of Equifax India and I understand the needs and challenges of the industry. I am pleased to be joining the board of a rapidly growing organization like IIFL Samasta and looking forward to, being able to contribute to the strategic vision and development of IIFL Samasta in the coming years."

Mr. Nanaiah was the Managing Director, Equifax Credit Information Services Private Limited for over five years till July'23. He was responsible for providing leadership and oversight for the Credit Bureau in India. Nanaiah has extensive experience, expertise, and insight in the financial services sector, particularly in the realms of data, technology, and analytics. Additionally, he serves as a visiting faculty at the College of Supervisors, Reserve Bank of India. With a deep commitment to microfinance, Nanaiah has been recognized with awards for his dedication to fostering workplace diversity.

Mr. Nihar N Jambusaria is the Former President of Institute of Chartered Accountants of India, a distinguished chartered accountant and corporate leader. He qualified as a chartered accountant in 1984 and has been providing consultancy to Reliance Group and organizations of private and public sector in direct tax, international tax, mergers and acquisition, FEMA, restructuring of business, etc. He is a Senior Partner at NN Jambusaria and Company.

Mr. R. Venkataraman is the Co-Promoter of IIFL Group and Chairman of IIFL Securities. He has been contributing immensely to the establishment of various businesses and spearheading key initiatives of the IIFL Group over the past 25 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays –BZW. He worked with G E Capital Services India Limited in their private equity division.

Commenting on the appointments Mr. Venkatesh. N, Managing Director of IIFL Samasta said, "We are delighted to have Dr. G. R. Chintala, Mr. KM Nanaiah, Mr. Nihar N Jambusaria and Mr. R. Venkataraman, as our esteemed members of the board of directors. Their wealth of knowledge and insights will be instrumental in propelling our ongoing pursuit of innovation, delivering unparalleled value to our customers, and realizing our ambitious objectives."

The newly appointed members bring a wealth of experience and expertise to the board, enhancing IIFL Samasta's ability to navigate challenges and capitalize on emerging opportunities. Their diverse backgrounds and proven records of success will complement the existing board members' skills and contribute to the company's strategic vision and long-term success.

IIFL Samasta Finance Ltd also reported record net profit of Rs 503.05 crore for the financial year 2023-2024, while loan assets under management rose 34.70% year-on-year to a record Rs 14,211.28 crore. IIFL Samasta Finance's customer count has increased 25.5% in FY24 to over 30 lac customers, mostly women in smaller rural and semi-urban locations across India. IIFL Samasta Finance, which is a subsidiary of retail-focussed non-banking financial company, IIFL Finance, has been one of the fastest growing and most resilient microfinance institutions in India. IIFL Samasta's net non-performing assets (NNPA) stood at 0.34% at the end of FY24, while gross NPA was at 1.91%. The company's net worth rose 51% year-on-year to Rs 1,919.99 crore. 
Business Wire India

 
  • Circular Computing and Total IT Global sign strategic agreement to supply BSI-certified remanufactured laptops.
  • The global leader in IT remanufacturing will provide laptops that perform "equal to or better than new" while saving on both emissions and costs.
  • Total IT Global's worldwide presence, deep expertise in IT asset lifecycle management services and flexible financing options will open up a world of possibilities for enterprises.
 
Circular Computing, the global leader in sustainable IT and laptop remanufacturing, has today announced a new strategic partnership with Total IT Global to supply the world's first BSI-certified remanufactured laptops. The announcement was made at Circular Computing's Re: Sustainable IT Summit, which aims to advance the circular economy in the IT sector.
 
Each laptop undergoes a rigorous 360-point process to ensure it performs "equal to or better than new" while saving on both emissions and costs, with performance guaranteed by the BSI Kitemark™. As businesses increasingly prioritise ESG, the collaboration between Total IT Global and Circular Computing represents a significant step toward the global normalisation of remanufactured laptops in enterprise settings.
 
Companies will now have access to certified carbon-neutral IT hardware that produces only 6.34% of CO2 emissions compared with an average new laptop, according to a peer-reviewed scientific study by Cranfield University2. The partnership will help clients scale faster and more effectively, with Total IT Global's asset financing, tech support and Device as a Service (DaaS), providing a holistic solution for environmentally responsible IT deployment.
 
Akhil Gupta, Chief Executive Officer of Total IT Global, said: "This collaboration will open new vistas for enterprises to choose responsibly and make a measured impact towards sustainability. With Circular Computing's technology and Total IT Global's worldwide presence and capabilities in Device as a Service (DaaS), we can introduce a whole new way of deploying hardware to the world."
 
Rod Neale, Founder and CEO of Circular Computing, added: "We're excited to collaborate with Total IT Global which has a global presence supporting the end customers' digital journey. Sustainability is high on the agenda for business leaders, but it's never going to have scale unless we can commercialise it. We've achieved that now in Europe, and have a rapidly growing list of business customers that rely on us to deliver a sustainable and socially responsible way to buy enterprise-grade IT.
 
"High-quality, reliable, second-life hardware is a big part of the solution to both climate change and the e-waste crisis, and this partnership is yet another stepping stone towards making a truly circular economy a reality. Remanufacturing is the new new, and I couldn't be happier with the progress the industry has made in recent months."
 
1 The global E-waste Monitor 2024 – Electronic Waste Rising Five Times Faster than Documented E-waste Recycling: UN
2 Circular Computing performance comparison for office tasks: New vs. remanufactured by Cranfield University

Evion's Vitamin E Cream in a Brand-New Avatar

Friday 26 April 2024 06:42 PM UTC+00
Business Wire India

Concerned about maintaining your skin's hydration amidst the scorching summer heat, it's time you shield your skin against the season's harsh elements and embrace sun-kissed days with confidence and radiance.
 
The new Evion Cream from India's #1 Vitamin E Brand brings together the goodness of Vitamin E and Aloe Vera for a radiant nourished and glowing skin. Enriched with the potent antioxidant properties of Vitamin E and the soothing essence of natural aloe vera extracts, this cream helps reduce dullness and dark spots making sure that your skin radiates its natural glow. It protects skin from dehydration and wrinkles and moisturises with the richness of Aloe Vera. Use it as a daily moisturizer, pair it with your sunscreen or wear it as the last thing before you sleep, Evion cream is as versatile as it gets.
 
That's not all. Its rejuvenated formula goes beyond hydration, combatting dullness, dark spots, and the damaging effects of environmental stressors like sun exposure and pollution. Vitamin E and the richness of Aloe Vera helps Nourish, Repair & protect skin, ensuring it is hydrated and well moisturized.
 
Talking about the #EvionOMG challenge, Raashii Khanna said, "Being deeply passionate about skincare, I am delighted to join forces with Evion to advocate the importance of Vitamin E. It is essential to invest in products that nourish and protect our skin, and Evion offers just that with the goodness of Vitamin E and Aloe Vera. With the #EvionOMG challenge, I encourage more women to join me while I Own My Glow!" 

Mr. Vijay Pampana, Director & Head of Marketing, P&G Health, shared, "Our skin faces a myriad of challenges everyday from exposure to harsh sunlight and environmental pollutants, to the stresses of daily life. As India's #1 Vitamin E brand, we are delighted to help our consumers incorporate the goodness of Vitamin E and Aloe Vera in their daily skincare routine with the New Evion Cream. We invite women from across India to join Raashii in taking the #EvionOMG Challenge and begin their journey towards radiant, nourished, and glowing skin."
 
Evion Cream is available on Ecommerce platforms such as Amazon and in pharmacy stores near you.
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