Press Information Bureau: Digest for August 29, 2023

Business Wire India - Multimedia Multimedia By Business Wire India

Table of Contents AskmeOffers Launches AI-Powered Coupon System, Redefining Online Savings IIFL Securities Appoints Nemkumar as Managing Director

AskmeOffers Launches AI-Powered Coupon System, Redefining Online Savings Saturday 11 May 2024 03:30 AM UTC+00 Business Wire India In a groundbreaking move, AskmeOffers, a leading division of LUSSAC INTERNATIONAL PRIVATE LIMITED, has launched a state-of-the-art Chrome Extension that is set to change the way people shop online. With a commitment to enhancing the online shopping experience, the platform offers an extensive suite of automatic promo codes and cashback deals, covering over 195,000+ stores worldwide. AskmeOffers' machine learning & AI system analyzes over 20 datasets to ensure that users receive only the most effective and applicable discounts. By considering factors such as inherent rank, recent discount utilization, and success rates, the system prioritizes coupons in real-time recommendations, guaranteeing optimal savings for consumers. Users can simply navigate to the Google Chrome Store, and search for AskmeOffers Chrome Extension, and easily add coupon systems to their browser for seamless, automated savings. The platform goes a notch higher with one-in-the-world engineering, where coupon codes aren't just copy-pasted but studied throughout. Codes are screened for recency of use, giving buyers access to the most up-to-date offers. Plus, there's always a direct emphasis on the highest discounts and exclusivity of deals, the best and most repeatedly successful promo codes are flagged by the algorithm making AskmeOffers the epitome of world-class customer delight. "We enable a highly personalized shopping experience that's both hassle-free and cost-effective. Our extension handles everything in the background, this not only saves money but also time, making online shopping more enjoyable and less of a chore," said Upasana Kardam, the Country HR Director at AskmeOffers. "The future is incredibly exciting! We plan to expand the capabilities of our AI to not only analyze more complex data sets but also to integrate seamlessly with emerging online platforms and markets." AskmeOffers is the world's first AI and machine learning-based system supporting over 195,000 merchants globally. The launch collection of AskmeOffers' promo codes and cashback offers is incredibly extensive, featuring the widest range of merchants ever seen.

IIFL Securities Appoints Nemkumar as Managing Director Saturday 11 May 2024 04:30 AM UTC+00 Business Wire India IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. Mr. R. Venkataraman is currently the Chairman and Managing Director of the company. His tenure as Managing Director is due to expire on May 14, 2024. Mr. Venkataraman has decided not to seek renewal of his term as Managing Director. However, Mr. Venkataraman shall continue as the Chairman & Non-Executive Director on the Board of the Company. The Board believes that the separation of the posts of Chairman and Managing Director is better aligned with good corporate governance standards. Mr. R. Venkataraman said, "The Board level changes effected today will further strengthen the Company's governance structure and usher in a renewed focus to drive continued growth. I have worked with Nemkumar for over many years. His deep understanding of capital markets will help the Company scale up its various businesses. I also thank the Board Members and my colleagues for their support during my tenure as Managing Director." Mr. Nemkumar, a rank holder Chartered Accountant, is a founding member of IIFL's Institutional Equities business. He joined IIFL in 2007 to scale up the Institutional Equities business and under his leadership, IIFL has emerged as one of the leaders in the segment. Prior to joining IIFL, Mr. Nemkumar spent nearly ten years at CLSA India as an Equity Analyst, as Head of Research and in his last role as the Country Head. He started his career at BPCL and worked there for 8 years in the corporate treasury and pricing departments.   Commenting on his appointment as Managing Director, Mr. Nemkumar said, "After having spent seventeen years in building and growing IIFL's institutional equities business, I am privileged to take up the role of the Managing Director of the Company. I am fortunate to have got an opportunity to work closely with the group founders' Nirmal and Venkat, and look forward to their continued wise counsel, guidance and support. I believe that the growth opportunity for our Company is large and expanding. The Company's strong entrepreneurial culture will enable us to further strengthen our competitive positioning and capitalize on the big opportunity that India offers. I am thankful to the Company's Board for giving me this opportunity and I look forward to their continued support." The Company has also appointed Mr. Narendra Jain as a Whole-Time Director for another five-years term.  Mr. Narendra Jain is a Whole Time Director on the Board of the Company. He is a Chartered Accountant and has over 28 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking, and finance. In the past, he was associated with ICICI Brokerage Service Limited, where he worked in areas like operations, risk, compliance and design and development of systems and processes. He was also associated with Hindustan Petroleum Corporation Limited, where he was involved in indirect taxation and marketing analytics.

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