NewsVoir | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table of Contents
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Infor Announces New Platform Technology Innovations & Enhancements to Industry-Specific CloudSuites Friday 15 December 2023 11:18 AM UTC+00 Infor, the industry cloud company, today announced a series of new platform technology innovations and enhancements to its industry-specific CloudSuites, which are designed to help organizations operate more quickly, efficiently and dynamically than ever before.
Addendum to Infor news release, "Infor Announces New Platform Technology Innovations & Enhancements to Industry-Specific CloudSuites," New Infor Platform Technology Innovations Enterprise Automation, featuring Robotic Process Automation (RPA) Discrete Manufacturing Infor is a global leader in business cloud software specialized by industry. We develop complete solutions for our focus industries. Infor's mission-critical enterprise applications and services are designed to deliver sustainable operational advantages with security and faster time to value. Over 60,000 organizations in more than 175 countries rely on Infor's 17,000 employees to help achieve their business goals. As a Koch company, our financial strength, ownership structure, and long-term view empower us to foster enduring, mutually beneficial relationships with our customers. Visit www.infor.com.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cognizant Unveils Shakti to Advance Women Leadership in Technology Friday 15 December 2023 11:35 AM UTC+00
Cognizant (NASDAQ: CTSH), one of the worlds leading professional services companies, today unveiled - Shakti - a unified framework of women-centric programs and policies to accelerate careers and boost women leadership in technology. Additionally, Cognizant has partnered with nasscom to establish and prioritize best practices with a shared goal of making diversity and inclusion (D&I) a key differentiator of Indias tech sector.
Launch event of Cognizant's Shakti program. (From R-L) Ravi Kumar S, CEO, Cognizant; Rajesh Nambiar, Chairman and Managing Director, Cognizant India; and Debjani Ghosh, President, nasscom
"In keeping with our priority to become an employer of choice in our industry, Cognizant is committed to weaving diversity and inclusion into everything we do-how we recruit and hire, develop, promote, engage and retain our talent," said Ravi Kumar S, CEO, Cognizant. "Shakti will catalyze our efforts to enable more women to advance their careers and reach their full potential. Growth, innovation, and client-centricity all require a diverse and inclusive workforce, doubly so as generative AI permeates the workplace. We will see the most essential human skill shift from problem-solving to problem-finding, putting a premium on cognitive diversity."
In India, nearly 40% of Cognizant's associates are women as compared to the IT industry gender diversity average of 36%. More than half of 13 Cognizant centers in the country have crossed over 40% in their women workforce, with two of the largest centers being currently led by women leaders.
Speaking at the launch, Debjani Ghosh, President, nasscom said, "The technology industry in India today has on average 36% of women representation in its workforce. Partnerships are key towards our shared goal as an industry of creating a more empathetic, inclusive, and diverse tech industry. At nasscom, we believe prioritizing best practices and measuring consistently is a critical component to ensure organizations can accelerate their diversity, equity and inclusion journeys. We continue to drive exchange of insights, share best practices and policies, raise awareness to help organizations intentionally embed inclusion efforts into their culture and values, drive innovation, foster stronger customer and stakeholder relationships, and ultimately achieve long-term success."
Through Shakti, Cognizant aims to reframe current programs and policies and bring all women-centric initiatives under one umbrella for greater impact. Shakti will include the recently introduced - RISE - a leadership development program for mid-level women associates in India; 'Propel' a global leadership development program focused on empowering women at senior levels to accelerate their careers through coaching and mentoring; 'Returnship' a 12-week paid program focused on upskilling to return to work after a career break; and 'Be Gritty' that trains fresh campus hires to develop a growth mindset.
Additionally, Cognizant has launched a company-wide allyship program. By understanding the challenges women face at work and helping address the biases they encounter, male allies make a significant difference in creating a more inclusive workplace. The company is also empowering its associates with inclusive leadership training and promoting a sense of belonging through dedicated affinity groups. The Women Empowered Affinity Group, with around 50,000 members and allies based in India, aims to improve the work experience for women and create impact for the business.
Cognizant also unveiled a year-long campaign to highlight the company's global, long-term dedication to fostering an inclusive workplace for women by spotlighting their contributions and real-life stories. The inspirational stories attest to the effectiveness of empowering initiatives in assisting women to reach their full potential, develop personally and professionally at every stage of their careers, and turn their passion into leadership. The campaign launch video can be viewed here.
Cognizant believes diversity and inclusion behaviors really take hold when there is leadership engagement and accountability to drive policies and initiatives across each leader's organization. As an ongoing practice, the company engages the leadership to not only implement policies but also assess its impact.
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primus Partners Unveils its First Annual Report "CHETNA" - Creating Consciousness Through Business Saturday 30 December 2023 04:02 AM UTC+00 Primus Partners Private Limited (Primus) - a leading Indian management consulting firm, has today announced its first-ever annual report for FY 2022 - 23, titled "CHETNA - Creating Consciousness Through Business". The report provides a comprehensive exploration of the organizations distinctive philosophy and vibrant culture. This report takes an alternative approach to annual reports by shifting the focus from numbers, to showcasing meaningful impact through collaboration and community engagement, purpose, culture and work undertaken in the past year.
As India's largest home-grown management consultancy firm, Primus has achieved tremendous financial success - 219% CAGR in terms of profit since its establishment in the year 2019. It has strategically consolidated early growth phases and made substantial investments in systems and processes to establish a robust foundation for future expansion. Crucially, it has also invested in its people: prioritizing employee engagement, retention, and efficiency through impactful initiatives.
On the launch of the Annual Report, Davinder Sandhu, Co-founder and Chairman, Primus Partners said, "It is our vision that makes us India's most gender-diversified major management consulting firm. It gives us immense strength to master subjects, speak the facts with conviction that is firmly based on deep analysis, and be passionate about pursuing impact for our clients and our nation. The Primus Vision is not just a dream. It enables us to discover potential and promise of improvement and advancement."
To be successful, organisations of the future need to showcase societal and ecological consciousness in their activities today towards all their stakeholders and partners - and CHETNA is the framework for them to reflect on this approach. The report traces the journey of the firm through the three states of consciousness - shushupti avastha (deep ideation), svapna avastha (visioning state), and jagrat avastha (actionstate) - from its dreamlike inception to the realization of "Primus".
Reflecting on the year that went by, Nilaya Varma, Co-founder and CEO, Primus Partners said, "The Fiscal Year ending on March 31, 2023 was the 3rd full year of Primus Partners in its new Avatar. I am immensely proud of the progress that we have made during the year. Primus as an organisation does not set targets, as we believe growth is a function of the right people taking the right action and decision, and not because the management sets a target. We have achieved this success through continued association with existing clients - we did not lose any of our strategic clients and had over 90% retention of existing clients in this fiscal."
Some of the noteworthy examples led by Primus Partners in the past year include:
Speaking on why "CHETNA" is the future of reporting frameworks, Independent Director to the firm, Mr. Umesh Kumar, commented, "The Annual Report for 2022-23 has brought out the consciousness framework adopted by Primus to make a sustainable and impactful presence in society in the backdrop of growing international attention to corporate ethics and responsibility. With this Primus has leaned into reporting with a new lens."
Mr. S. Ravi, Founder and Managing Partner of Ravi Rajan and Co LLP and Advisor to Primus, commented that this is "A very well-presented annual report which reflects the success and ethos of the organisation. This annual report also captures the thought process of people who manage the affairs of this company. Primus Partners is now a brand to reckon with and has achieved a lot in this very short journey."
The report highlights the remarkable achievements of the year that went by and captures the collective optimism for a bright future, expressed by the dedication of its people who have played a significant role in shaping this narrative. Going forward, this report is expected to set a benchmark for companies to report the impact they have made as an organisation, and not just showcase numbers in their annual reports. For more information about Primus Partner's Annual report "CHETNA - Creating Consciousness Through Business" and to download the complete report, visit: www.primuspartners.in/reports/chetna-primus-partners-annual-report-fy-2022-23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GI Outsourcing Announces its Business Expansion to South Africa Tuesday 09 January 2024 06:23 AM UTC+00 GI Outsourcing, a leader in the UK Accounting Knowledge Process Outsourcing industry, has announced a significant expansion of its business operations with the start of its South Africa operations.
Vikas Chadha, Managing Director of GI Outsourcing
Commenting on the news, Mr. Vikas Chadha, Managing Director of GI Outsourcing, mentioned "Our recent expansion into South Africa marks a significant milestone in our growth journey, which has seen us double in size over the past two years, with momentum expected to continue, if not accelerate over the course of the next two years.
This strategic approach has led to the establishment of four offices in India, with plans to open another in the first half of 2024 and potentially two more within the following 18 months.
Our latest addition in South Africa adds to our global presence with our new office situated just outside Johannesburg. This office is dedicated to delivering a comprehensive outsourced audit solution for accounting firms"
The Audit market has never been so challenged with resource constraints, increased regulation, and inflation. We recognized the need to help solve this dilemma and we believe we have gone a long way to creating an enviable solution for the market.
What we are doing is like nothing you will have experienced from an external provider. GI is all about innovation, it's not just tried and tested, it's evolved and tested! We are uniquely able to do that through our group accountancy practices.
GI Outsourcing forms part of the Macalvins Group, with whom we often collaborate for training and to pilot new services. Macalvins Chartered Accountants is a registered PIE auditor. Being a PIE auditor upholds you to the highest standard with regular FRC and ICAEW QAD assessments. In conjunction with Macalvins Chartered Accountants, starting in 2022 and throughout 2023, we piloted Enhanced Audit Outsourcing Services in an incubated environment. A remarkable 70 to 80 percent of the Audit work is already being undertaken in South Africa.
Our offering is unique, allowing audit firms to outsource almost all of their audit work required to deliver comprehensive solutions to clients, leaving you to focus on RI review and client relationship management.
The choice of South Africa as a location was influenced by several factors.
Notably, it is an English-speaking nation with audit practices closely resembling those in the UK. Additionally, the time zone alignment, cultural similarities, and the parallels in the accountancy profession and auditing methodologies with the UK, particularly in embracing automation, make South Africa an ideal location.
The demand for services from the South African office has exceeded expectations, prompting plans for significant investment in expanding the base over the next twelve months. This expansion will introduce our valued clients to our outsourced service offerings. Our service offering in South Africa supported by our UK team stands out in the market for its comprehensiveness and uniqueness. It goes beyond other support service offerings in this space, providing a more complete solution compared to competitors. This expansion not only signifies our growth but also our commitment to providing innovative and expert solutions to meet the evolving needs of its clients globally.
GI Outsourcing has entered strategic partnerships with renowned accounting institutes. It holds gold partnerships with ACCA, UK, and the Chartered Institute of Management accountants and CPAs. GI Outsourcing is renowned for its best employee practices, ensuring a positive work environment, the highest levels of customer satisfaction, and a strong commitment to training and skill development for its employees.
GI Outsourcing has been recognized as the "Dream Company to Work For" for three consecutive years and Mr. Vikas Chadha personally received the prestigious "Udyog Bharti Award." Vikas Chadha expressed his confidence that these strategic endeavors will solidify GI Outsourcings position as a preferred employer and continue to drive the companys success in the UK Accounting Knowledge Process Outsourcing industry. Mr. Vikas Chadha is also a member of the regional council of NASSCOM. He also recently won "The Most Acclaimed Leader in KPO Sector 2023" at the Indo-Global Entrepreneurship Conclave-2023: International Business Awards in Delhi.
About GI Outsourcing Based in the UK, GI is an outstanding outsourcing solution for accountants and business owners. Drawing from a wide range of industry experts and accounting specialists to fill in the gaps and help businesses transform unprofitable clients into profitable ones. With over 25 years of experience, they are one of the most trusted leading financial services & and accountancy firms to deliver the highest quality of work, on time, every time. They provide all aspects of financial services including Management Accounting, Bookkeeping, taxation, cloud computing, virtual CFO, and controllerships. GI has a presence in India and the UK with offices in Mumbai, Delhi, Ahmedabad, and London and a pool of nearly 400 plus finance and accounting professionals working diligently to provide impeccable service to valued customers across the UK, Ireland, USA, UAE, and Canada and planning to further expand into Australia working diligently to provide impeccable service to valuable customers. GI Outsourcing today works with all the major cloud accounting software suppliers, including Xero, Sage, QuickBooks, CCH, CaseWare, and Iris as well as many of the large ERP systems, such as Dynamics, SAP, and Oracle.
For more information, please visit us at: www.gioutsourcing.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBI General Insurance Records 50% Growth in December FY 24, Grows More Than Double of the Private General Insurance Industry Thursday 11 January 2024 08:01 AM UTC+00 SBI General Insurance, one of India's leading General Insurance companies, registered a significant growth of 50% in the month of December FY 24, leading to GDP of INR 1001 crore. The Company has contributed around 14% to the overall accretion of private insurance industry, marking the highest accretion in the month of December FY 24.
Mr. Kishore Kumar Poludasu, MD & CEO, SBI General Insurance
The Company's diverse product portfolio, combined with its distribution and its reach has resulted in SBI General improving its private market share to 6.41% in the month of December FY 24, with an improvement of 137 basis points in market share over the corresponding month of last financial year.
In the month of December, the Company also showcased strong growth across retail, commercial lines, and rural & agri business. The Company remains No. 1 in the Personal Accident segment, along with its strong presence in various lines of business including health, home, commercial and motor.
In the 9M FY 23-24, the General Insurance industry registered a growth of 14%, while the Company has registered a growth of 23%. The growth is primarily driven by the health and motor segment, which continues to be the largest contributor in the general insurance sector.
Commenting on the Company's performance, Mr. Kishore Kumar Poludasu, MD & CEO, SBI General Insurance, said, "Were happy to share that we have registered a 50% surge in December premiums and a steady 23% growth in the first nine months of FY24, marking a significant growth for SBI General Insurance. The growth is attributed to our unwavering commitment to a customer-centric approach. We continue to achieve sustainable growth with profits. Looking forward, we see 2024 as a year of continued growth, as we will keep setting new benchmarks in the industry. With the objective of making insurance available to all by 2047, we will continue to develop simple and innovative products for our customers."
About SBI General Insurance SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI. We, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and have the vision to become the most trusted general insurer for a transforming India.
Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 34 crore customers. We have been awarded as the 'Domestic General Insurer of the Year' - India at the Insurance Asia Awards 2023 Singapore. Additionally, we were recognized as one of the Best Brands 2023 at the ET Edge Best Brands 2023. Furthermore, we were recognised as Highest Growth - General Insurance runner up at ASSOCHAM 15th Global Insurance Summit & Awards. We have secured 'Insurer of the Year' in the non-life category at FICCI Insurance Industry Awards in 2022.
We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22437 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.
SBI General Insurance reported a 23.4% growth in Gross Direct Premium (GDP) and the GDP stood at INR 8514 crore in 9M FY 23-24. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NeoNiche Integrated Solutions' Expansion Marks a New Chapter in Global Presence with Singapore Office Inauguration Wednesday 17 January 2024 04:37 AM UTC+00 NeoNiche Integrated Solutions Pvt. Ltd., an India-based agency, proudly announces the grand opening of its new office in Singapore today, signifying a significant leap forward in its transformation from an Experiential Marketing Specialist to a comprehensive, global service provider. Mr. Prateek N. Kumar, Founder & CEO of NeoNiche, unveiled this momentous development.
The inauguration of the Singapore office, a crucial move for the company established in 2011, underscores NeoNiches emergence as global Full Services Marketing player capable of surpassing clients' expectation in every industry and geographical location through its renowned marketing products like "NeoFlo", "Nsynk", and its Managed Marketing Services which takes care of Account Based Marketing and Drip Marketing, etc apart from Value driven Experiential Marketing Services.
Mr. Prateek N. Kumar, Founder & CEO of NeoNiche
Mr. Prateek N. Kumar expressed, "Twelve years ago, our journey commenced with a vision to craft extraordinary experiences. Today, NeoNiche emerges as a full services marketing powerhouse, offering end-to-end solutions encompassing brand strategy, experiential marketing, B2B digital expertise, content creation, Marketing automation, Numerus Marketing Products ,virtual and hybrid events, and managed marketing services. Our Singapore office signifies more than a mere expansion; it symbolizes our ambition to cater to global clientele by seamlessly amalgamating our diverse skill sets to deliver impactful solutions resonating with audiences worldwide and driving ROI for our Clients."
This strategic expansion follows a period of exceptional growth for NeoNiche. Having already established offices in Mumbai, Bengaluru, and New Delhi, the agency has consistently pushed boundaries, earning accolades not only in India but also in international destinations.
Prateek also added, "Singapore, with its vibrant economy and strategic positioning, serves as the perfect springboard for our global aspirations, Our Singapore team, equipped with local insights and global experience, will collaborate with our international network to deliver unparalleled value to clients across the region and beyond." | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kyndryl to Modernize and Manage Canara Bank's IT Operations Thursday 18 January 2024 09:22 AM UTC+00 Kyndryl, the world's largest IT infrastructure services provider, announced today that it has engaged with Canara Bank, one of the largest public sector banks in India, to optimize the bank's business services and operations and modernize its IT infrastructure. As Canara Bank's trusted IT partner, Kyndryl will augment the bank's end-to-end IT operations and streamline services delivery across core banking, IT infrastructure, applications, and network operations.
(L-R): Jatin Meswani, VP, Strategic Accounts Financial Services, Ravikanth SV, Client Partner and Lingraju Sawkar, President from Kyndryl India with Satyanarayana Raju MD & CEO, Canara Bank and others
Kyndryl's solution will provide Canara Bank with an end-to-end view of its business services, risk mitigation using advanced capabilities and tools, and focus on services availability while enhancing observability and reliability. This will help Canara Bank to enhance its customer service experiences.
Kyndryl will also deploy a unified digital IT services dashboard to provide employees a single pane of glass view of Canara Bank's key performance indicators, tools dashboard, and knowledge repositories.
Kyndryl will implement a set of advanced tools to create sophisticated preventive and predictive intelligence capabilities. This will help reduce incidents through auto-remediation, shorten maintenance timeframes, and improve application availability. The platform will be optimized to recognize and remediate IT failures and anomalies within the bank's infrastructure and provide data-driven insights such as outage predictions that will boost the bank's control over its mission-critical operations.
Lingraju Sawkar, President, Kyndryl India said, "We're honored to be a trusted partner to Canara Bank. Our approach is focused on ensuring Canara Bank's business continuity, mitigating risk, and enhancing the Bank's key business performance indicators. Kyndryl brings decades of expertise and experience managing mission-critical IT systems for global banking and financial services customers. Our relentless focus on delivery and innovation, our strategic approach to transformation, and the value we place in people make Kyndryl an excellent fit for Canara Bank as it progresses, along with India, on the digital transformation journey."
Sri K Satyanarayana Raju, MD & CEO, Canara Bank, said, "Our goal is to improve operational excellence, profitability, and scale to become the 'Best Bank to Bank with' in India. We are investing in enhancing our technology core, service and process frameworks, and delivery capabilities to provide state-of-the-art banking services to our customers. Kyndryl's skills and expertise in building, operating, and managing critical technology for Indian banks will help us in building the future we've envisioned."
About Canara Bank Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.
Over the years, the Bank has been scaling up its market position to emerge as a major Financial Conglomerate with as many as thirteen subsidiaries/sponsored institutions in India and abroad. As of September 2023, Canara Bank services over 11.19 crore customers through a network of 9,518 branches and 12,118 ATMs/Recycler spread across all Indian states and Union Territories.
About Kyndryl Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages, and modernizes the complex, mission-critical information systems that the world depends on every day.
For more information, visit www.kyndryl.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAS Financial Reports a Strong Growth in Q3FY24 with 27.63% Jump in AUM & 24.15% in PAT; Consolidated AUM Crosses Rs. 10,000 Crore During the Quarter Wednesday 24 January 2024 10:50 AM UTC+00 The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the quarter ended 31st December 2023.
This quarter witnessed a very important milestone of Rs. 10,000 crores in AUM being crossed by the company. We took this opportunity to reward the shareholders by issuing bonus shares in the ratio of 2:1 (i.e. Two Bonus shares for every One share held). The consistent financial performance is the testimony of the strong fundamentals of the company, which has been followed over more than two and half decades. We witnessed a healthy growth in business activities across the segments we serve, during the quarter. The consolidated disbursement was Rs. 2724 Crore during the quarter ended 31st December 2023.
Performance Highlights - (Consolidated) MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of 10216.05 Crore and Profit after Tax (PAT) of Rs. 64.41 Crore for the quarter ended 31st December 2023 from Rs. 8004.59 Crore and Rs. 51.88 Crore respectively for the quarter ended 31st December 2022.
Performance Highlights - MAS Financial Services limited (Standalone) MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 9672.03 Crore and Profit after Tax (PAT) of Rs. 62.44 Crore for the quarter ended 31st December 2023 from Rs. 7606.04 Crore and Rs. 50.55 Crore respectively for the quarter ended 31st December 2022. The AUM as on 30th September 2023 was Rs. 9046.19 Crore.
(Rs. in Crore)
(Rs. in Crore)
**New Product Segment
Performance Highlights - MAS Rural Housing and Mortgage Finance Limited (Standalone) MAS Rural Housing and Mortgage Finance Limited reports Assets under Management of Rs. 544.02 Crore and Profit after Tax of Rs. 2.01 Crore for the quarter ended 31st December 2023 from Rs. 398.55 Crore and Rs. 1.44 Crore respectively for the quarter ended 31st December 2022.
Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, "As we usher in to the next phase, post reaching an important milestone of Rs. 10,000 crores in AUM; we are confident to maintain a fundamentally strong growth momentum. Adequate capitalization, strong asset quality and a track record of more than 25 years to navigate across various cycles will ensure the same thus creating value on a large scale for all its stakeholders. Team MAS remains committed to its mission of excellence through endeavors." | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brittman Strengthens its Growth with a Strategic Stake Acquisition in Workex Thursday 01 February 2024 06:42 AM UTC+00 Brittman India Pvt. Ltd., a renowned leader in BFSI outsourcing is pleased to announce its recent strategic stake acquisition in Workex Solutions & Services Pvt. Ltd, a digital disruptor revolutionizing the complete lifecycle of workforce management. This Strategic collaboration strengthens Brittman's commitment to expanding its presence and enhances its competitive advantage as a key player in the payroll management market. Workexs expertise spans sourcing, recruiting, and comprehensive employee management, particularly targeting the blue and grey-collared workforce with state-of-the-art technology. This strategic collaboration between Brittman and Workex is set to redefine industry standards and elevate the workforce strategy to unprecedented heights.
Brittman Strengthens its Growth with a Strategic Stake Acquisition in Workex
With this brand-new strategic acquisition, Brittman aims to leverage Workex's expertise, resources, and market knowledge, enabling both companies to unlock numerous synergies and jointly deliver unparalleled value to their customers. Workex's product offerings are expected to complement Brittman's existing portfolio seamlessly, providing a holistic and comprehensive range of human resource solutions to tackle emerging challenges in the industry.
This collaboration signifies a strategic leap towards redefining enterprise servicing. Anticipate forward-thinking solutions, operational excellence, and a client-centric approach that sets unprecedented benchmarks. The synergy between Brittman and Workex holds the promise of reshaping paradigms in the outsourcing and staffing landscape. This strategic collaboration isnt solely about providing human resource services; its a journey of navigating change together, adapting to evolving landscapes, and co-creating success stories in the ever-evolving tapestry of recruitment business. Ultimately, the true victor in this partnership is the worker. Their identity, dignity, and upliftment stand at the forefront, defining the core values of this transformative collaboration.
Speaking on the occasion, Mr. Mahesh Ahuja, start-up Mentor & Advisor stated, "Collaboration between Brittman and Workex opens doors to redefine enterprise servicing, offering forward-thinking solutions and operational excellence. This is more than workforce strategy; its about businesses seizing new opportunities and expanding their horizons."
Mr. Niren Panchal, Managing Director, Brittman India Pvt. Ltd., & Director, Workex Solutions & Services Pvt. Ltd. said, "In this transformative collaboration, the real triumph is the business potential it presents. Prioritizing worker identity and dignity ensures businesses can tap into the untapped potential within their workforce, turning challenges into profitable opportunities."
Mr. Nimish Sharma, CEO and Co-founder, Workex Solutions & Services Pvt. Ltd. added, "Our collaboration with Brittman isnt just about revolutionizing workforce management; its a gateway to new business opportunities. Together, we empower businesses with cutting-edge technology, optimizing the blue and grey-collared workforce for unprecedented growth."
This strategic partnership between Brittmn and Workex not only strengthens their respective market position but also emphasizes their commitment to delivering a fusion of industry wisdom and tech brilliance, shaping the future of collaboration.
About Brittman India Pvt. Ltd. Brittman is a part of a Business Group which has a track record of seamless services to corporates since the last 10 years. They provide corporate clients with Excellent Services, Cost Effective Pricing, MIS Reports, Standard Operating Procedures and One Point of Contact for all Services.
The mission of the company is to be an Outlier in the Corporate Services Space, providing our clients with Customized Staffing Services and related Corporate Services.
Website: www.brittman.com.
About Workex Solutions & Services Pvt. Ltd. Workex is a Digital Staffing Platform. It enables fast hiring & efficient staff management in a high attrition, highly informal space for the blue & grey collar workforce. Through its single app, Workex solves hiring, attendance tracking, performance management, payroll & compliance.
Website: www.workex.jobs/contac. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
British Safety Council India to Host Global Conference on Safety and Wellbeing Wednesday 07 February 2024 09:42 AM UTC+00 British Safety Council India is set to host the 360 Degree Safety and Wellbeing Transformation Conference, a global summit on wellbeing and safety. The Conference will be held on 19 March in Mumbai at Novotel, Airport and 21 March 2024 in Delhi at Aloft, Aerocity.
British Safety Council India to Host Global Conference on Safety and Wellbeing
The full-day events will be held between 10:00am and 5:30pm in both cities and see global health and safety experts sharing their knowledge on transformational safety performance, process safety management, cultural leadership, risk management, risk profiling, and promoting employee wellbeing.
Attendees will gain valuable insights on technical and non-technical practices around health, safety, and wellbeing. They will get opportunities to learn from real-life examples of safety leaders to understand process safety management and the tools used to enable it.
Speaking ahead of the conference, Mike Robinson, Chief Executive of British Safety Council, said, "The 360 Safety and Wellbeing Transformation Conference is designed to focus on holistic safety transformation, ensuring comprehensive and forward-thinking safety practices. The Conference will showcase best practices, emerging trends, and successful strategies from around the world. Participants will deep dive into successful safety transformations, learn from challenges, and gain practical solutions. I am confident all attendees will leave with actionable takeaways that can be implemented immediately in their organisations."
Top keynote speakers at the Conference include: Ian Travers, former Deputy Director of Chemicals Regulation, UK, and a world expert in process safety management; Nick Wharton, a Health & Safety professional who specialises in Safety Culture Change and Behavioral Safety; Stephen Haynes, Director of Wellbeing at British Safety Council UK; Suresh Tanwar, Head of Audit and Consultancy, British Safety Council India; and M Kamarajan, Head of Education, British Safety Council India.
The conference is open to all health, safety, and wellbeing professionals.
To register, participants should click the link here.
About British Safety Council British Safety Council believes that no-one should be injured or made ill through their work.
Since its foundation in 1957, British Safety Council has campaigned tirelessly to protect workers from accidents, hazards and unsafe conditions, and played a decisive role in the political process that has led to the adoption of landmark safety legislation in the UK. Its members in more than 60 countries are committed to protecting and improving the wellbeing of workers, believing that a healthy and safe work environment is also good for business.
We are a registered charity (Charity No. 1097271 and OSCR No. SC037998). As part of its charitable work, British Safety Council leads health and safety networking forums for numerous sectors, facilitates and promotes best practice in the UK and overseas. It also offers a range of services and products, including training, qualifications, publications, audits and awards. British Safety Council works closely with organisations, charities and individuals who share its vision of ensuring that every worker goes home at the end of the day as healthy as they were when they went to work.
We would be grateful if you could use British Safety Council in full rather than abbreviating to BSC when quoting our organisation.
British Safety Council's networks: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primus Partners Survey Reveals Optimistic Outlook for Viksit Bharat: Indians Express Confidence and 33 Experts Chart the Roadmap for Amrit Kaal Wednesday 07 February 2024 11:38 AM UTC+00
In their latest report titled, "India's Turn To Lead By 2047", Primus Partners has unveiled findings that paint an optimistic picture of India's journey towards becoming a developed nation by 2047. The report, which synthesizes insights from 33 experts and the perspectives of Indians across 25 states, underscores a complex landscape of hope, ambition, and apprehension as the country navigates its socio-economic trajectory.
The report, with a foreword by Amitabh Kant, unveils compelling insights garnered from a diverse range of respondents across 25 Indian states and union territories, shaping the vision for "New India". Among the key findings, citizens believe in Indias emergence as one of the largest economies, self-reliant, and leading in the new world order. Amongst the surveyed people, 16% of respondents across geographies envision a developed India as one of the largest economies globally and one with a higher GDP per capita.
"Backed by civilizational ethos and confidence, the nation is on a mission to constructively reform itself and harness its strengths. India seeks to propel itself toward a future that not only uplifts its own people but resonates with the betterment of all humanity-because when India grows, the world grows," - Amitabh Kant, G20 Sherpa, Former CEO NITI Aayog.
It further goes on to outline the nations developmental aspirations and the hurdles it must overcome. A robust 70% of respondents express confidence in the vision of Viksit Bharat, anticipating Indias emergence as a global leader by 2047. This optimism is mirrored in the 63% who envision India as a powerhouse in global trade, technology, and economy.
The survey also sheds light on public engagement with governmental visions for the future, revealing that 42% of respondents are already familiar with the governments plans for 2047. This level of awareness suggests a significant portion of the population is engaged and interested in the countrys developmental direction. However, on the other side of the spectrum, 27% of respondents believe rural India remains disconnected from urban centres, pointing to a critical need for improvement in connectivity and infrastructure to bridge this divide.
The complexity of Indias aspirations is further illustrated by the diverse expectations of its population. While aspirations for luxury living, global connectivity, and technological advancement drive the middle class, pressing challenges remain. Security concerns and gender equality emerge as significant issues, with 10% of the surveyed population viewing lack of security as a threat and 18% highlighting concerns over womens safety.
Primus Partners' survey methodology, employing a mix of qualitative and quantitative analysis across 24 personas and 2047 interviews, ensures a comprehensive view of trends and perspectives across different demographics. This detailed approach reveals not only the nations collective vision but also the nuanced apprehensions about the rapidly evolving job market, exacerbated by technological advancements like AI.
"The survey aimed to bring to the forefront the voices from the ground, particularly those less talked about, to create a document centred on inclusivity. The report goes beyond just capturing the hopes, challenges, and aspirations of Bharat; it includes expert insights on the pathways forward. There are plans to develop more detailed roadmaps for each area in the future," - Nilaya Varma, CEO & Co-founder, Primus Partners.
The report concludes with a call to action, urging policymakers, industry leaders, and the public to engage in a constructive dialogue about the future of work in an AI-driven economy. It advocates for upskilling and reskilling initiatives as essential strategies to mitigate the perceived threat of AI on employment, ensuring that India's workforce remains competitive and adaptable in the face of technological change.
As India stands on the cusp of a transformative era, "India's Turn To Lead By 2047" offers a critical reflection on the hopes and challenges that define its path toward development. By highlighting the apprehension towards AI among job seekers, the report underscores the urgent need for a balanced approach to technological adoption-one that harmonizes innovation with job creation and inclusivity. It not only serves as a roadmap for navigating the complex socio-economic landscape of India but also as a catalyst for national discourse on crafting a future that leverages technology for growth while ensuring no one is left behind.
Annexure The "INDIA'S TURN TO LEAD BY 2047" report includes contributions from over 30 experts, each bringing their unique expertise to form a comprehensive roadmap for Indias Amrit Kaal. The roadmap is an essential part of the document wherein the experts delve into observations, suggestions, and commentaries on all the elements that the surveys have identified for each of the personas.
The list of contributors includes notable figures such as Amitabh Kant, G20 Sherpa; Dr. Charan Singh, CEO and Founder Director, EGROW Foundation; Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited; Guneet Monga, Film Producer; Dr. Anil Agrawal, Member of Parliament; Dr. Fauzia Khan, Member of Parliament, Rajya Sabha; Richard Rekhy, Former CEO, KPMG India; retired and existing civil servants, prominent members of industry, academia, and others.
In his foreword, Amitabh Kant talks about how Aatmanirbhar Bharat in 2047 will drive the New World Order. He outlines Indias transformative journey post-independence towards becoming a developed nation by 2047, highlighting significant economic reforms, digitization, and investment in clean energy as pivotal to this goal. The foreword emphasizes Indias role on the global stage, with a focus on sustainable growth and innovation, aiming to lead by example in the new world order.
Baba Kalyani outlines how Manufacturing will still be the core sector providing jobs in 2047. His vision emphasizes Indias leap towards a USD 30 trillion economy by 2047, with a strong focus on innovation and intellectual property (IP) driving the manufacturing sectors fifteen-fold growth. He advocates for harnessing Indias demographic dividend and digitization while prioritizing technological advancements and IP creation to establish India as a global manufacturing leader.
Richard Rekhy envisions how India will emerge as a significant soft power on the global stage in 2047. He emphasizes Indias transformation into a global soft power, driven by its rich cultural heritage, secular ethos, and contributions in areas like cinema, yoga, Ayurveda, and foreign policy. He envisions India leveraging this soft power by 2047 to shape global perceptions and foster a spirit of innovation, harmony, and global citizenship, underlining the nations role as a leader and healer on the world stage.
Guneet Monga underscores the pivotal role of Indian cinema in shaping societal views on gender and women, highlighting its continued importance in promoting equality and diversity. She emphasizes the industrys journey towards inclusivity, both on-screen and behind the scenes, as crucial for reflecting and fostering societal progress toward a more equitable India by 2047.
Included in the report are over 33 thought pieces that tackle the issues highlighted by the persona surveys. These thought pieces outline solutions to a range of challenges India must address on its path to becoming a developed nation. Among these challenges are the need for enhanced skill development, ensuring timely delivery of justice, empowering women farmers, transitioning India from a product market to a product nation, improving access to quality healthcare and education, doubling farmers incomes, and improving infrastructure and rural-urban connectivity, among others. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
World Trade Centers Association and World Trade Center Bengaluru to Bring Newly Rebranded Global Business Forum to India for the First Time Thursday 08 February 2024 07:50 AM UTC+00 World Trade Centers Association (WTCA) - an international trade organization connecting more than 300 World Trade Center (WTC) locations in nearly 100 countries - and World Trade Center Bengaluru will host the 54th annual WTCA Global Business Forum (GBF) in Bengaluru, India from March 3-6.
This will be the first time WTCA presents its newly rebranded Global Business Forum (formerly called the "General Assembly") in India to focus on the B2B aspect of the event. The rebrand further accentuates WTCAs core mission, "Connecting Businesses Globally", by shifting focus to the expansion of Members' international trade presence and integration into various global supply chains.
The association's premier annual event will bring together WTCA Members and their global networks consisting of leaders in business, government, academia, media and international organizations - reflecting WTCAs diverse global footprint. Over 80 WTC businesses from 30 countries/territories have already confirmed their participation with more to follow. This includes representations from: Algeria, Armenia, Australia, Brazil, Canada, China Mainland, Cyprus, Egypt, France, Germany, Ghana, Guyana, Iraq, Ireland, Jordan, Lebanon, Libya, Malaysia, Mexico, the Netherlands, Nigeria, Palestine, Panama, the Philippines, Portugal, Romania, Saudi Arabia, Spain, Syria, Taiwan, Tunisia, the United Kingdom, the United States, Vietnam and Yemen, with several WTC businesses bringing delegations to participate in the B2B matchmaking aspect of the event.
With the theme of "EPIC: Empowering Progress through Innovation & Collaboration", the Forum will feature an engaging keynote address and panel discussions, including a special address from the Honorable Chief Minister of Karnataka Sri. Siddaramaiah and felicitations from the Honorable Deputy Chief Minister of Karnataka Sri. D.K. Shivakumar on Monday, March 4. Romal Shetty, CEO of Deloitte South Asia, will provide the keynote address to set the theme of this year's GBF and unveil the new Deloitte research report India as an Investment Destination. Other notable speakers include M.R. Jaishankar, Executive Chairman, Brigade Enterprises Limited who will provide the opening address alongside John E. Drew, Chair, WTCA Board of Directors. A robust agenda of panel discussions on AI & tech start-ups, exporting overseas, agritech, and real estate will include moderators and panelists: Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited and Brigade REAP; Remy Swaab, Vice-Chair, WTCA (WTC Panama); Uma Reddy, Vice President, Federation of Karnataka Chambers of Commerce & Industry (FKCCI); Prashanth Gokhale, President, Bhler Group India Private Limited; Pavitra Shankar, Managing Director, Brigade Enterprises Limited; Mr. Naresh V. Narasimhan, Managing Partner & Principal Architect, Venkataramanan and Associates (VA); Dr. R. Srinivas, Subject Matter Expert on Smart Cities; and Dr. Tuan Anh, CIO/CXO, Becamex (WTC Binh Duong New City).
"This year's GBF will not only showcase India, specifically Karnataka, as a rising investment destination of the world, but also serve to strengthen relationships between industry leaders," said Vineet Verma, Managing Director of World Trade Center Bengaluru, Chennai and Kochi; and newly-appointed WTCA Board Member. "This will be an invaluable opportunity to interact with leading innovators and invest in India's growing economy - backed by our dynamic and skilled workforce."
The Forum will demonstrate the strength of the global WTCA network, facilitate business relationships and focus on investment opportunities in Karnataka across 12 diverse industry sectors including: Agriculture & Food Processing; Automotive; Aviation & Aerospace; Biotech; Education; Heavy Engineering; IT, ITeS & Electronics; Manufacturing; Real Estate & Construction; Tech Startups; Textile & Garments; and Travel & Tourism. In partnership with the Bangalore Chamber of Industry and Commerce (BCIC), the event will offer onsite B2B matchmaking services, connecting international delegates with business opportunities in the state of Karnataka. The full GBF program agenda is available here.
India stands as the world's fifth largest economy by nominal GDP, and the third largest by purchasing power parity. Bengaluru, often referred to as the "Silicon Valley of India", is renowned for its cutting-edge advancements and innovation hub status. The GBF's strategic location in Bengaluru will afford WTCA Members and attending delegates with the opportunity to tap into the region's dynamic and rapidly growing business landscape.
"India is experiencing rapid economic growth, coupled with a surging demand for commercial infrastructure and global business connectivity. As a result, our network has grown phenomenally in the country during the past decade. Today, we have our second largest membership cluster here with 40 Members representing most of India's major cities and contributing to India's sustainable development," said John E. Drew, Chair, WTCA Board of Directors. "Bengalurus entrepreneurial spirit makes it an ideal setting for fostering synergies and exploring lucrative business opportunities in one of the worlds most promising economic regions."
For more information about the 2024 WTCA Global Business Forum, please visit wtca.swoogo.com/2024gbf/4132448. Also, follow along on social media via #WTCAEvents.
About World Trade Centers Association (WTCA) World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 91 countries. As the owner of the "World Trade Center" and "WTC" trademarks, WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement.
To learn more, visit www.wtca.org.
About World Trade Center (WTC) Bengaluru World Trade Center (WTC) Bengaluru is a licensed member of the World Trade Centers Association (WTCA), headquartered in New York. Promoted by the Brigade Group, it was set up in 2010 to help develop an international business platform specific to the region of Bengaluru and Karnataka as a whole. WTC Bengaluru meets specific needs of its clients & partner organizations by providing international market research, business matchmaking and connections to valuable public and private resources, as well as through the planning of strategic trade missions, trade educational programs and networking events. In addition to Bengaluru, the Brigade Group has operational WTC businesses in Chennai & Kochi along with upcoming locations in Hyderabad, Devanahalli and Thiruvananthapuram.
To learn more, visit www.wtcbengaluru.org. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SNG & Partners Expands Reach with Inauguration of Japan Desk Friday 09 February 2024 09:16 AM UTC+00 SNG & Partners, a leading law firm established in 1962 and headquartered in India, proudly announces the official launch of its dedicated Japan Desk. The Japan Desk is the Firm's initiative and commitment to furthering the Indo-Japan bilateral relations and further expanding on its capability of providing specialized consultancy, advisory and legal services to the Firm's Japanese clientele, Japanese companies wanting to invest and do business in India as well as Indian companies wanting to invest and do business in Japan.
SNG & Partners Expands Reach with Inauguration of Japan Desk. In photograph - Mr. Rajesh Narain Gupta, Managing Partner and Ashish Kumar, Partner & Head of Japan Desk, SNG & Partners
The commitment of the Firm to Japan is clearly visible from the impressive Board of Advisors which forms an integral part of the Japan Desk. Members of the Board of Advisors are established and well recognized and respected figures in the domain of diplomacy and business, possessing deep understanding of both Japan and India. Apart from the Board of Advisors, the Japan Desk will have a dedicated team comprising of lawyers, interpreters and other professionals. The cumulative expertise of the Japan Desk will ensure that clients receive tailored solutions that align with the nuances of the Japanese and Indian business environment. Members of the Japan Desk also possess a deep understanding of the cultural nuances of both countries which will further enhance communication, relationship-building and overall client experience.
The Board of Advisors of the Japan Desk at present comprise of Mr. Kenji Hiramatsu, Former Ambassador of Japan to India, who acts as Senior Advisor on the Board. Mr. Naoyoshi Noguchi, the Executive Managing Director of the Institute for International Trade and Investment (ITI), Japan and former Executive Vice President of Japan External Trade Organization (JETRO); Mr. Kojiro Honda, a renowned entrepreneur and founder of several companies in Japan, India, Sri Lanka and Nepal, are two other prominent members of the Board of Advisors; and Mr. Yoshio Watanabe an experienced banker formerly associated with ANZ Grindlays Bank and then IHI Infrastructure Systems Ltd.
Speaking on the development, Rajesh Narain Gupta, Managing Partner of SNG & Partners said, "I am excited on the Japan opportunity and firmly believe that two countries will continue to co-operate, collaborate and grow together in several areas of trade and commerce. I am sure SNG & Partners, along with the eminent Board of Advisors from Japan, shall be able to significantly contribute in the areas of Fintech, Health, Banking and Finance, Cyber Security, ESG, Mergers & Acquisitions and Private Equity. Our recent visit to Kyoto to attend the annual meeting of the Science & Technology in Society Forum (STS Forum) which was graced by the Hon'ble Prime Minister of Japan was a great learning experience and while at Kyoto I strongly felt that there are many untold stories about Japan to the Indian legal community. I thank my Partner and head of Japanese practice Ashish Kumar, who worked relentlessly to make this happen."
Amit Aggarwal, Senior Partner and Head of Corporate Practice, further added, "The combined synergies the collaboration of our lawyers and the Board of Advisors from Japan will ensure seamless coordination and efficient resolution of legal matters for clients operating in both jurisdictions. I am sure that clients will benefit from personalized attention, timely communication, and strategic legal advice tailored to their specific needs. Both India and Japan have complementary economies, committed to strengthening their economic ties through initiatives like Comprehensive Economic Partnership Agreements (CEPA) and the Vision 2025 Special Strategic and Global Partnership. This impetus for trade growth in the coming years will pave way for enhanced opportunities for lawyers. With this background, our goal is to build an enduring partnership that contributes to the success of businesses in India and Japan."
Ashish Kumar, Partner & Head of Japan Desk said, "India and Japan have much in common. Amongst other things, both countries are guided by common cultural traditions and commitment to democracy. Both countries have resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented partnership with long-term political, economic and strategic goals. With continued Official Development Assistance (ODA) being provided by Japan for various projects in India and the trade between the two countries steadily growing, 2022-23 saw trade at around 22 billion US dollars. We at SNG understand not only the significance of this relationship but also what the Japanese expect. The Japan Desk at the Firm is another step in our efforts of 'Kaizen' in order to better and more effectively cater to our Japanese clients. The expertise of our Japan Desk will include its eminent Board of Advisors, legal and domain experts as well as interpreters. With the Firm's vast knowledge of doing business in India, we hope to be the single point advisory and legal representation firm for not only the sogo soshas or other established Japanese companies in India but for the micro, small and medium Japanese enterprises who are looking towards India and vice versa. Through the Japan Desk the Firm will also act as window for Indian businesses wanting to expand their foot print in Japan. We are proud of our association with Japan".
Kenji Hiramatsu, Former Ambassador of Japan to India and the Senior Advisor on the Firm's Board of Advisors, also expressed enthusiasm on the new venture and said, "In an increasingly interconnected global economy, cross-border transactions are common. With SNG & Partners, we are looking to facilitate smoother handling of legal aspects in transactions involving businesses from both countries. This is particularly important in complex areas such as mergers and acquisitions, joint ventures, and international trade. With this as the first step, we are looking to open doors to new opportunities, referrals, and strategic partnerships with other firms in Japan. We are also looking to enhances cultural understanding, relationship-building, and successful collaboration between clients from different cultural backgrounds of both countries."
About SNG & Partners Established in 1962, by the Late Mr. S. N. Gupta, an acclaimed banking lawyer, jurist and writer, SNG & Partners ("SNG") is a second-generation full-service law Firm which has acquired an enviable reputation for sophisticated legal work in India, in the national capital, New Delhi, the business capital, Mumbai, and the IT capital, Bengaluru. Last year, the firm collaborated with R&P Partners through an exclusive alliance, taking the consolidated strength of the firms to over 120+ lawyers (including Partners), operating out of 9 cities - New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Coimbatore, Cochin, Madurai, and Singapore. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vinay Hari Education Consultants Introduces SX-1 Visa Services: Your Gateway to Short-Term Education in Canada Monday 12 February 2024 06:32 AM UTC+00 Vinay Hari, a prominent figure in the realm of educational services, is excited to announce the launch of his latest endeavor - SX-1 Visa services. Aimed at providing individuals with a remarkable opportunity to pursue short-term education in Canada, Vinay Haris services promise a host of benefits for prospective students.
Mr. Vinay Hari at the press briefing announcing the SX-1 Visa Services
Heres why the SX-1 Visa might just be the perfect fit for you:
Affordability: The SX-1 Visa offers a feasible alternative for individuals unable to cover the full years tuition fee and GIC amount required for longer study programs in Canada.
Short-Term Study: With the SX-1 Visa, students can embark on a study journey in Canada for up to six months, catering perfectly to language courses, summer camps, or short research projects.
Ease of Application: Applying for the SX-1 Visa is straightforward and cost-effective compared to other visa options, ensuring a hassle-free process for aspiring learners.
Immerse in Canadian Life: The SX-1 Visa provides an unparalleled opportunity to experience Canadian culture and education firsthand, fostering language skills and deepening understanding of the country.
Pathway to Future Opportunities: Serving as a stepping stone towards obtaining a study permit or permanent residency in Canada, the SX-1 Visa opens up broader prospects for students future endeavors.
However, certain factors merit consideration:
Short Stay Duration: While the SX-1 Visa permits a six-month stay, exploring options to extend the visit beyond the granted period is feasible with proper guidance.
No Work Permit: Holders of the SX-1 Visa are not permitted to work in Canada during their stay, a crucial point to note for prospective applicants.
Vinay Haris services are meticulously tailored to streamline the SX-1 Visa application process, ensuring ease and efficiency for students exploring educational opportunities in Canada. With Vinays expertise, navigating through requirements and paperwork becomes a seamless experience, offering peace of mind to applicants.
In conclusion, the SX-1 Visa emerges as an excellent option for those seeking to immerse themselves in Canadian education and culture without committing to a long-term stay. With Vinay Haris unwavering support, embarking on the educational journey in Canada has become accessible and enjoyable for aspiring learners.
Discover the possibilities with Vinay Haris SX-1 Visa services and embark on your educational exploration in Canada today! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vector Consulting Group, a Leading Management Consulting Firm in India, is Expanding its Consulting Team Tuesday 13 February 2024 08:59 AM UTC+00 Vector Consulting Group, a leading home-grown management consulting company in India, has recently recruited 35 management graduates from the top B-schools in the country. The company concluded its campus recruitment by hiring from the following campuses: IIM-A, IIM-B, IIM-C, IIM-I, XLRI, and ISB. Vector Consulting Group will recruit 50+ MBAs to strengthen their consulting team in the coming days.
This recruitment comes on the back of a strong pipeline of projects that the company already has, with expectations that this pipeline will get stronger. Vector's unique engagement model with a strong focus on implementation and success-linked fee structure has been instrumental in its growth story.
Speaking on this, Sayan Chakrabarty, CHRO, Vector Consulting Group, said, "As management consultants, being a part of the 'knowledge/talent-based' economy, human capital is our biggest asset. In 2024, we are very bullish on our business pipeline, and to build capacity for this pipeline, we plan to add 50-100 more personnel to our team."
On the hiring process, Sayan further added, "Our preferred mode of hiring is graduates from the premier B-schools of the country . However, to stagger our onboardings, we will complement our campus efforts with similar offers laterally. With this combined approach of campus and lateral hiring, we are confident of building a strong team in the coming year to cater to our robust business pipeline."
At this time, where most large international consulting companies are conservative with their team expansion, Vector is very bullish on its business growth potential. Vector's annualized attrition for 2023-24 is 5%, which, per industry benchmarks, is very low. As an organization, Vector has never downsized in its 18-year history; the focus has always been on hiring right and providing a stress-free environment that promotes continuous learning without the pressure of individual targets.
About Vector Consulting Group Founded in 2006, Vector is one of Indias fastest-growing management consulting companies. Vector has gone on to disrupt the consultancy space with its implementation-focused approach and its unique risk-sharing model of consulting-a first in the Indian consultancy space.
With its team of 200+ consultants, they have implemented 300+ assignments for clients across India, the Middle East and Southeast Asia. Across these 300+ projects, we have achieved significant results. Some of our past clients are Tata Motors Ltd., Ashok Leyland, International Tractors Ltd. (Sonalika Tractors), Eicher Motors (Royal Enfield), Godrej Group, Glenmark Pharmaceuticals, Ajanta Pharma, Lupin Labs, Intas Pharmaceuticals, Trent Ltd., Raymond Ltd., Arvind Fashion, Blackberrys, Trident Pharma and more. They have a strategic tie-up with TIS Inc., a $4.00 Bn Japanese company and last year, they opened offices in Indonesia and the US. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IVCA Conclave 2024 to Set the Stage for New Horizons in India's Alternate Capital Landscape Thursday 15 February 2024 07:16 AM UTC+00 India's apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), will be hosting the 13th edition of its flagship event, the IVCA Conclave, on the 26th and 27th of February 2024 at Taj Lands End, Mumbai.
IVCA Conclave 2024 to Set the Stage for New Horizons in Indias Alternate Capital Landscape
The IVCA Conclave 2024, the premier event for the alternate capital industry in India, is set to be a forum for the strategic deliberation of the future trajectory of the industry. Commenting on the vision of this year's IVCA Conclave, Karthik Reddy, Co-Founder and Managing Partner, Blume Ventures, and Chairperson, IVCA, said, "The IVCA Conclave 2024 aims to set new standards for the alternate capital industry in India, serving as a dynamic platform for the brightest minds in the ecosystem to exchange breakthrough ideas and insights. The Indian alternative capital industry is witnessing several unique themes, including a push for transparency, active dialogues with regulators and government to bring more private capital to contribute to India 2047, growing interest from family offices and high-net-worth individuals in the venture asset class. The conclave is packed with both insightful panel discussions and informal networking opportunities designed to delve deep into these themes. I am excited for the IVCA Conclave 2024 to be a marquee event, making a lasting impact on the alternate capital industry and paving the way for its future growth."
2023 proved that India's AIF industry is on a rapid rise. Braving global uncertainties and challenges, PE-VC firms deployed $27,891 Mn in India across 697 deals. While these mark a significant decrease from 2022 numbers, they reflect a deliberate shift to strategic and prudent capital allocations. Profitability trumped valuations, and the buzz around unicorns has transferred to the creation of "performicorns".
Breaking from conventional approaches, certain avenues of alternate capital - private credit - and exits - secondary sales - have also emerged, showing that investors' appetite for India hasn't peaked despite the funding winter. The stability and resilience demonstrated by Indian firms have also ensured that investor attention on India holds steady.
Ashley Menezes, Partner and COO, ChrysCapital, and Vice Chairperson, IVCA, added, "The IVCA Conclave aims to foster meaningful connections that will drive innovation, fuel investments, and ultimately shape the future of the alternate capital industry in India. The comprehensive agenda is curated to stimulate engaging discussions, showcase emerging trends, and provide a platform for collaborative learning. At IVCA, we recognize the transformative power of collaboration, and the Conclave is a testament to our commitment to creating an environment where ideas flourish, partnerships thrive, and participants leave with actionable insights."
Joining as the Lead sponsors for IVCA Conclave 2024 are - Edelweiss Alternates, Elevar Equity, Everstone Capital, IC Legal, Iron Pillar and Peak XV. Co-sponsors are ChrysCapital, Deloitte, Indian Angel Network, Khaitan and Co., JSA Law, Madison Ventures, KKR, Oman Ventures and Sathguru. Knowledge Partners for the event are - Aavishkar Capital, Analysys Mason, AWS, CPPIB, IQ-EQ, Microsoft and PWC.
Highlights of the IVCA Conclave 2024 Attendees The IVCA Conclave will gather an extensive network of alternate asset investors, limited partners, family offices, PEs, VCs, entrepreneurs, angel investors, knowledge partners, and investment professionals to exchange knowledge, insights, and research on various sectors and themes.
As an industry body representing the interests of the alternate capital industry, the IVCA encourages discussion between policymakers and PEs/VCs to align interests. At the IVCA Conclave, prominent esteemed government officials will deliver keynote addresses or participate in panel discussions.
The government officials will share their insights at the IVCA Conclave 2024:
Several industry veterans from PE-VC will speak at the various panel discussions. The speakers include Karthik Reddy, Co-Founder and Managing Partner, Blume Ventures, and Chairperson, IVCA; IVCA Executive Committee members Padmaja Ruparel, Co-Founder, Indian Angel Network (IAN), and Anjali Bansal, Founder, Avaana Capital, IVCA; Mohanjit Jolly, Partner, Iron Pillar; Sambhav Ranka, Senior Partner, IC Universal Legal; Vivek Soni, Partner - M&A & National Leader, Private Equity Services, EY; Bharat Anand, Partner, Khaitan & Co.; Madhur Singhal, Managing Partner and CEO, Praxis Global Alliance; Jyotsna Krishnan, Managing Partner, Elevar Equity; Atul Muchhala, Managing Director - India, IQ-EQ; Tejesh Chitlangi, Senior Partner, IC Universal Legal; Kunal Sood, Managing Director, Pantheon; Raj Pai, Managing Partner, GEF Capital Partners; Kutty Dutta, Managing Director, Head of Secondaries, HSBC Alternative Investments; Rohan Ghose, Director, Private Equity Funds & Co-investments, Blue Earth Capital; and Angela Lai, VP, Head of APAC & Valuations, Research Insights, Preqin; and Deepak Dara, Senior Managing Director and Head of India, Ontario Teachers Pension Plan (OTPP). A detailed list of speakers is available here.
Sessions The two days of the IVCA Conclave 2024 will see panel discussions, fireside chats, keynote addresses, report launches, and presentations on diverse subjects and sectors. The perspectives of limited partners, fund managers, VCs and PEs, and entrepreneurs will be explored on attaining growth, creating value, and identifying new opportunities in the dynamic Indian sector. Exciting topics such as India's accelerating decarbonization journey, the $100 Bn private credit opportunity in India, building from India for the world, the nascent yet promising alternative asset of secondaries, the epic growth opportunity presented by 200 Mn+ entrepreneurial households in India, and the next generation of wealth creation and family office operations will be covered during the conclave.
IVCA Alternate Capital Excellence Awards On Day 2, a significant highlight will be the IVCA Alternate Capital Excellence Awards, whose goal is to celebrate the successes of alternative investment funds and the alternate capital ecosystem. This year's jury comprises the following stalwarts:
The IVCA Alternate Capital Excellence Awards will celebrate international and domestic PEs/VCs who have made a mark in the fundraising, exits, gender diversity, and social impact spaces. The Lifetime Achievement Award will be conferred upon a trailblazer in the alternate capital industry.
About IVCA Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the Government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, credit, and venture debt, among others. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leaders and Industry Experts Chart a Roadmap for India's Good Growth at Hindalco-Xynteo's 'The Exchange' Thursday 22 February 2024 05:46 AM UTC+00 Hindalco Industries Limited, the world's largest aluminium rolling and recycling company, in collaboration with Norway-based sustainability advisory firm Xynteo, brought together several national and international leaders across business, government and civil society to chart collaborative solutions for India's inclusive and sustainable development by 2030 at the Exchange 2024 at the Manekshaw Centre in New Delhi on February 15-16.
(L-R) Amitabh Kant, G20 Sherpa for India along with Vipul Kumar, Senior Partner, Xynteo
Key discussions at the event centred around the theme "India@2030: Scaling Good Growth". Speakers presented insights on strategies and solutions for achieving equitable and sustainable growth in India by 2030, overcoming systemic barriers to inclusive development across sectors such as healthcare, education, renewable energy, among others, harnessing innovation, technology and entrepreneurship for social impact, and partnerships between business, government and civil society to drive large-scale change.
At the event, Amitabh Kant, India's G20 Sherpa, shared, "India has a unique opportunity to build sustainability without carbonising, to move millions out of poverty through circular models that attract value and capital. By embracing solar, EVs, and planned urbanisation for walking and cycling, India can be the only G20 country to achieve climate targets by 2030. Business models, not mandates, will drive this circular economy where sustainability constantly improves. If companies dont go green, it will not bode well with their long-term market positioning. With clear and set goals, sustainability can become an integral part of Indias future as the country progresses."
"India stands at the cusp of an economic rebound today. Realising an equitable and sustainable future now hinges on expanding opportunities through skilling, women's leadership and financial inclusion," said Suman Bery, Vice Chairman, NITI Aayog. He further added, "With cross-sector collaboration, as seen at The Exchange, India can deliver on its vision of 'Viksit Bharat' and be a model for green development. Ive retained the key elements - optimism about Indias growth, the need for inclusive policies, leveraging Indias strengths in tech and manufacturing, advocating for climate justice globally, and the importance of collaborative platforms like the Exchange."
Satish Pai, Managing Director of Hindalco Industries and chair of Vikaasa Executive Committee, said, "Our role as business leaders is to plant the seeds of sustainability across the entire value chain. ESG is a modern term, but at Hindalco, the "S" has been our priority for the last several decades. We care about the people and the society at large that is directly or indirectly associated with us. This has led to many innovative projects that are not only remarkable but a source of constant inspiration for me. Were now expanding under ESG to areas like renewables, zero waste and decarbonisation. This evolution from CSR to 'CSR Plus' comes naturally, as our people drive impact once empowered. The Exchange marked a significant milestone in our mission to enable equitable growth in India as well as our partnership with Xynteo. We believe business has an obligation to be a force for good. The commitments made during the event will catalyse collaboration for change at scale across sectors. Its all about believing in something, planting the idea, letting the baton pass on to people and watching it grow."
Xynteo's Senior Partner Vipul Kumar added, "At Xynteo, we believe business can be a force for good, delivering both commercial and social impact. The key is finding interventions at this intersection, ones with inherent environmental benefits and a sustainable business model, enabling replication and scale. We empower leaders committed to driving this change. Multi-stakeholder partnerships are key to systems transformation. No company can create change alone; collaboration is critical. Partners must come together across value chains and even competition to solve systemic challenges. Finally, we must have patience to try, fail, and persist until transformative solutions emerge. With passion and perseverance, we can move forward each day to build the equitable, net-zero future India wants to see. Though the road is long, initiatives like the Exchange are a powerful platform to unite leaders looking to drive this change, and prove no goal is out of reach if we work collectively."
The event witnessed participation from notable speakers and guests namely Amitabh Kant, G20 Sherpa for India, Suman Bery, Vice Chairman, NITI Aayog, Rajashree Birla, Chairperson, Aditya Birla Centre for Community Initiatives & Rural Development, Nigar Shaji, Project Director, Aditya L1 Solar Mission, ISRO, Debjani Ghosh, President, NASSCOM, Soumya Swaminathan, former Chief Scientist, WHO, Satish Pai, Managing Director, Hindalco Industries, Vikas Mehta, Executive Director, SED Fund, Rohit Jawa, CEO and Managing Director, Hindustan Unilever Limited, Auguste Tano Kouam, Country Director for India, World Bank, Pramod Bhasin, Founder and former CEO, Genpact, Naina Lal Kidwai, Chairperson, India Sanitation Coalition, Poonam Muttreja, Executive Director, Population Foundation of India, Sandeep Sethi, Division President, Work Dynamics, Asia Pacific, JLL, CVL Srinivas, Country Manager, WPP India, Ashish Dhawan, Founder and CEO, The Convergence Foundation, Abhijeet Sinha, National Program Director of Ease of Doing Business and Project Director of National Highways for EV (NHEV), Chhavi Rajawat, former Sarpanch, Soda, Rajasthan, Lt. Gen Syed Ata Hasnain (Retd), PVSM, UYSM, AVSM, SM, VSM & Bar, Member, National Disaster Management Authority, Neena Gupta, renowned actor, and Viren Rasquinha, MD and CEO, Olympic Gold Quest, and former Captain, Indian Hockey Team,among other notable leaders across businesses, government, sports, defence services and civil society.
Insightful discussions, fireside chats, and speaker series captured the many strategies for scaling responsible innovation, empowering MSMEs, advancing net zero goals, advocating circularity, improving healthcare access, bridging the digital divide, and enabling the future of work, among other systemic challenges facing the nation.
Attendees were also invited to take a walk through Xynteo's multiple commercially viable and scalable impact projects with its partners over the past six years, including revitalising the livelihoods of Kosa silk artisans in Chhattisgarhs rural interiors to exploring cutting-edge technology to decarbonise last-mile cold-chain logistics.
A highlight of the Exchange was the Marketplace - a curated platform showcasing 25 early-stage start-ups driving high-impact innovations across four key themes: energy and decarbonisation, circularity, sustainable livelihoods, and healthcare. From alternative fuels and clean mobility solutions to technologies tackling plastic waste and advancing health resilience, the Marketplace served as a dynamic hub connecting promising start-ups with investors, corporations and thought leaders. Beyond start-ups, the space also featured organisations such as UltraTech Cement and Saint Gobain, and Xynteo's clean hydrogen tech and business accelerator Energy Leap, showcasing cutting-edge technologies in the energy transition and sustainable construction sectors.
The Studios - active working group sessions for systemic problem solving-- were a vital component spurring impactful dialogues at the Exchange. With participation curated across sectors to ensure diversity of skills and insights, these roundtables aimed to incubate commercially viable and scalable solutions. Executives from leading organisations across metals and mining, real estate, construction materials, consumer goods and more engaged in the Studios focused specifically on plastics circularity, metals and mining, as well as pathways for decarbonising the built environment. With Xynteo facilitators guiding discourse, 15 tables hosted vibrant discussions on addressing complex, industry-specific sustainability topics. The Studios also offered a collaborative sandbox to forge unconventional partnerships, co-create business models, and prepare market-facing transition plans on some of India's most pressing ESG challenges.
Additionally, Xynteo partnered with Grow-Trees.com, affiliated with the UN Environment Program and WWFs Cities for Forests campaign, to plant a tree for every attendee as a token of appreciation and a commitment to building a sustainable future for both people and the planet.
The Exchange, as an annual flagship event, will continue to convene wider stakeholder groups each year to track India's progress and deepen cross-sector impact on sustainability priorities, review commitments, take stock of outcomes achieved, refresh targets, forge new collaborations and drive ongoing momentum towards the 2030 development agenda.
About Hindalco Industries Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the worlds largest recycler of aluminium. With a global footprint spanning 52 manufacturing units across 10 countries, the company is committed to driving sustainable development through innovative solutions. Hindalco was ranked the world's most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) in 2020, 2021 and 2022. At COP28, Hindalco won the Energy Transition Change Maker award for its pioneering renewable energy initiative in aluminium decarbonisation.
About Xynteo Xynteo is a purpose-driven strategic advisory firm that helps global organisations, and their leaders, find new ways to grow forward as they tackle the societal and environmental challenges that are too big, too expensive, and too complex to solve alone. We believe that business is a force for good when leaders think long-term, work with, not against nature, and use their influence and resources for the many, not the few. For us, this is good growth. Our coalitions and programmes include Build Ahead, Energy Leap, Europe Delivers, Leadership Vanguard, Vikaasa and Xynteo Exchange. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quint Digital Expands to North America, Quintype Technologies Set To Acquire Listen First Media LLC Wednesday 28 February 2024 04:42 AM UTC+00 Quint Digital Limited (QUINT, BSE 539515), is India's only new-age digital media-technology group listed on an Indian stock exchange. Via its newly formed 50:50 US Joint Venture with Cognita Ventures LLC, Quintype Technologies Inc. has entered into a definitive agreement with Listen First Media LLC to acquire the entire business operations including technology platform, brand, IP, domain name, customer contracts, employees etc. The transaction is expected to be consummated by March 1, 2024.
Listen First Media (www.listenfirstmedia.com) is a premier social media and digital analytics platform headquartered in New York with a strong team of 75+ professionals. Listen First Media was founded in 2012 to guide the way brands make decisions with large datasets from social media. Listen First Media consolidates social media analytics from all major social channels and assists major brands to maximize their social media ROI. Listen First Media also provides an expert team of social media strategists to assist clients by providing timely data, insights, and strategies. Listen First Media services marquee clients in the media and entertainment, streaming services, gaming, and other verticals. The massive dataset owned by Listen First provides unique industry and competitive benchmarking that clients highly value.
Along with Quintype, Listen First will become the second SaaS based product from QDL's media-tech stable. QDL expects to exploit synergies between these two media-tech platforms and their potential global footprints. Listen First's marketing and sales prowess is also expected to power a successful launch of Quintype in North America's large CMS (Content Management Systems) market for digital publishers.
To give effect to the above acquisition, Quint Digital Limited has, via its wholly owned subsidiary viz Global Media Technologies Inc., entered into a binding term sheet with Cognita Ventures LLC to set up 'Quintype Technologies Inc.', a media-tech company incorporated in Delaware, as an equal Joint Venture.
On completion of the transaction, Global Media Technologies Inc., will acquire 50% stake in Quintype Technologies Inc for an aggregate consideration (in form of debt and equity) of USD 2.25 Million. This transaction is expected to be closed by March 31,2024.
About Quint Digital Limited Quint Digital Limited is India's leading digital and media-tech/AI-focused company. QDL owns a majority stake in Quintype Technologies India Limited, the AI-powered Digital Newsroom Growth Platform that empowers publishers in India, the USA, Europe, the Middle East, and Africa to create, distribute and monetise their content.
QDL is also one of the fastest-growing digital networks where the motive is to create innovative ideas in the space of digital content with cutting edge technology and formats which are engaging and speak for the people. QDL is diving in to change the landscape of digital content by creating relevant stories through its marquee, award-winning platform, The Quint.
Structure:
Structure of the company QDL
For more information, visit www.quintdigitalmedia.com
About Cognita Ventures LLC Cognita Ventures LLC is a private angel investing syndicate set up by leading Indian-American technology professionals from USA. Cognita Ventures invests exclusively in technology and AI companies and provides deep operational expertise to portfolio companies. The founders of Cognita Ventures had earlier built a global IT services company, which was acquired by a publicly listed company.
Safe Harbour Disclaimer This release contains certain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Quint Digital Limited future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market conditions, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors beyond the control of the Company, such as Covid-19, that could affect our business and financial performance.
The Company undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances. In addition, this release is for general information purposes only, without regard to any specific objectives, financial situations, or informational needs of any particular person. The financial information outlined in this press release is unaudited, based on management accounts. Accordingly, limited reliance should be placed on such financial information. The Company may alter, modify, or otherwise change in any manner the content of this release, without obligation to notify any person of such change or changes. This release should not be copied or disseminated in any manner. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IVCA Conclave 2024 Sets New Benchmark for the Next Phase of Growth of AIF Industry Thursday 07 March 2024 06:17 AM UTC+00 India's apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), hosted the 13th edition of its flagship event, the IVCA Conclave in Mumbai on February 26-27, 2024. IVCA Conclave 2024 gathered industry stalwarts, including limited partners (LPs), private equity firms (PEs), venture capitalists (VCs), family offices, and distinguished government officials to celebrate and strategise the growth of the alternate capital industry.
IVCA Conclave 2024 Sets New Benchmark for the Next Phase of Growth of AIF Industry
Karthik Reddy, Co-founder and Managing Partner, Blume Ventures, and Chairperson, IVCA, said, "As we conclude the IVCA Conclave 2024, let us reflect on the alternate capital industry's remarkable journey of meticulous economic development, which positions us or the phase leading to India@100. As an industry body, our vision resonates with the spirit of Atmanirbhar Bharat and Bharat Nirman, and the fact that every US$1 Mn of PE-VC funding has the potential to generate US$5.8 Mn in revenue, 47 jobs, and US$1.2 Mn in taxes is a testament to the multiplier effect that AIFs give rise to. By spearheading innovation in sunrise industries, fostering inclusive and sustainable growth the industry can expertly propel India's GDP to its US$5 Tn goal."
The IVCA Conclave set a new benchmark with over 900 delegates from more than 330 unique funds/firms, underscoring its role as a leading forum for the investment community in India. The attendees included 762 GPs, 55 global LPs, and over 100 domestic LPs and family offices, reflecting the Conclave's diverse and high-caliber participation. Women accounted for 33% of total delegates in attendance.
Esteemed government officials shared their insights at the IVCA Conclave 2024. Numerous key announcements and revelations were made by Shri S. Ramann, CMD, Small Industries Development Bank of India (SIDBI); Shri Ananth Narayan, Whole Time Member, Securities and Exchange Board of India (SEBI); Shri Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT); and Shri Pradeep Ramakrishnan, ED, International Financial Services Centres Authority (IFSCA).
IVCA and EY also unveiled the 2024 edition of their India Trend Book, a comprehensive resource containing insight into the evolving spectrum of the alternative investment industry. It revealed that although 2023 saw muted startup investments, fundraising, and exits had thrived.
Several industry veterans from the alternate capital industry and the IVCA Executive Committee spoke at the various panel discussions. These included Karthik Reddy, Co-founder and Managing Partner, Blume Ventures, and Chairperson, IVCA; Ashley Menezes, Partner & COO, ChrysCapital, and Vice Chairperson, IVCA; and IVCA Executive Committee members Nipun Sahni, Partner, Apollo Global Management; Vineet Rai, Founder, Aavishkaar Group and Managing Partner, Aavishkaar Capital; Padmaja Ruparel, Co-founder, Indian Angel Network (IAN); Rahul Khanna, Co-founder and Managing Partner, Trifecta Capital; Rema Subramanian, Co-founder and Managing Partner, Ankur Capital; Anjali Bansal, Founder, Avaana Capital; Shagoofa Rashid Khan, Group General Counsel and Head of Corporate Affairs, National Investment and Infrastructure Fund Limited (NIIF); and Neha Grover, Regional Lead-IFC, South Asia Funds Group, International Finance Corporation (IFC).
The IVCA Conclave 2024 boasted a prestigious lineup of lead sponsors, including Edelweiss Alternatives, Elevar Equity, Eversource Capital, IC Universal Legal, Iron Pillar, and Peak XV. Additionally, the event was supported by co-sponsors ChrysCapital, Deloitte, Indian Angel Network, JSA, Khaitan & Co., KKR, Madison India Capital, Oman India Joint Investment Fund, Sathguru Catalysers, and 360 ONE. Serving as the Knowledge Partners were Aavishkaar Capital, Analysys Mason, Amazon Web Services, CPP Investments, IQ-EQ, Microsoft for Startups, and PwC India, collectively contributing to the enriching experience of the Conclave. The IVCA Conclave 2024 had EY as its Investment Banking Partner, HSBC as its Banking Partner, Grant Thornton Bharat as its Fourth Wheel PE Partner, Beams Fintech Fund, Kotak Alternate Assets, and TVS Capital Funds as the Gala Dinner Sponsors. Multiples Alternate Asset Management was the Gala Cocktail Sponsor, while Blume Ventures, Cactus Venture Partners, and Gaja Capital acted as the Awards Sponsors. Tata Capital and IvyCap Ventures were the Supporting Partners, and Praxis Global Alliance served as the Award Partner, with Preqin as the Data Partner. The Associate Partners for the IVCA Conclave 2024 included AVCA, CVCA, Dharma Media Consultants, GPCA, HKVCA, and IATI.
About IVCA The Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the Government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, and credit and venture debt, among others.
For more information, please visit ivcaconclave.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Centrum Wealth Releases Report 'India Market Pulse 2024: A Survey of Opinion Leaders' Providing Valuable Insights on Outlook for Equity and Fixed Income Markets Thursday 07 March 2024 07:17 AM UTC+00 Centrum Wealth Limited, the wealth & distribution arm of the diversified financial services major Centrum Group, today released its Fund Managers' Survey report titled 'India Market Pulse 2024: A Survey of Opinion Leaders' providing valuable perspectives from leading fund managers and investment professionals, on opportunities and risks across asset classes in the year ahead.
The exclusive survey polled CIOs and fund managers from top Indian asset management firms collectively managing over 80% of the Indian mutual fund industry's assets. Through direct interaction with these influential decision makers, the report shares key insights into their outlook and strategies for equities, fixed income and other asset classes.
Key findings from the Report:
Detailed report can be read here - tinyurl.com/3aemk368
Sharing his thoughts on the report Sandeep Das, MD & CEO, Centrum Wealth said, "We are pleased to share key insights from Centrum Wealths India Market Pulse 2024 report. This exclusive survey of the countrys leading asset managers provides a valuable window into how top investment professionals are navigating opportunities and challenges this year.
By polling CIOs representing over 80% of assets under management, we gain invaluable perspectives on their outlook across asset classes amidst economic uncertainties. Though risks persist globally, Indias growth momentum remains positive. As the investment landscape grows more complex, reports like this serve as an essential compass to benefit from the best minds."
"2024 will be a pivotal year globally and for India," said R Shankarraman, ED & CIO - Third Party Products, Centrum Wealth. With looming elections, normalized economies post-COVID, and tightening policies, markets contend with evolving risks even as climate concerns persist.
"Based on the survey we observed that there is a broad consensus on Indias economic and political continuity, alongside optimism on corporate earnings growth. Within this, moderating equity return expectations strike a note of caution. On fixed income, there is confidence that rate hikes have peaked with expectations of a deferred and shallow rate cut cycle ahead. Easing financial conditions signal opportunities across the spectrum."
About Centrum Wealth Limited Centrum Wealth Limited (CWL) provides customized distribution services to high-net-worth individuals, family offices and corporate treasuries. Our client-focused approach and expertise span diverse asset classes, delivering innovative solutions since 2011. With operations across 16 locations, including Singapore, we excel in both traditional and alternative investments.
Disclaimer - Verbiage in connection with the products and services such as 'investments', 'advise' or 'services' appearing in this release, refer to offerings of Centrum/affiliates. Use of the word 'portfolio' refers to a set of securities or investments and does not extend in any manner to Portfolio Management Services. Past performance is no indication of future returns. Please read the comprehensive disclaimer available at centrumwealth.co.in/disclaimer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impact of Red Flag Accounts (RFAs) on Indian Business and Financial Safeguarding Solutions; Insights by Rajesh Shukla Friday 08 March 2024 08:52 AM UTC+00 An RFA, or Red Flag Account, acts as an early warning system for accounts that need special attention. These signals are crucial as they alert banks or lenders to potential weaknesses or fraudulent activities, helping to save public money and protect jobs and productivity.
Mr. Rajesh Shukla, Chief Business Strategist, Venture Studio Capital
The term "RFA" stands for "Red Flag Account", a common term in the finance and banking industry. The use of red and the term "Red Flag" suggests potential danger or suspicious activity, indicating the necessity for close monitoring. While not every flagged account is involved in illegal activities, it typically prompts a thorough investigation to ensure everything is in order.
Early Signals of RFA An account can be flagged as an RFA for various reasons, such as delayed payments, frequent changes in business activities, significant cash transactions, inaccurate import/export details, and delays in submitting financial statements and audits. Additionally, routine inspections by income tax or GST authorities can also lead to an account being designated as an RFA. These factors indicate potential irregularities or risks that warrant closer scrutiny to ensure compliance and integrity in financial transactions.
Impact on Indian Business When a standard account is designated as an RFA, the companys reputation suffers, affecting its financial stability, credibility, and future growth prospects. This labeling can lead to a series of challenges for the companys promoters, who may need to devote significant time and resources to address the issues instead of focusing on expanding their business. Consequently, this can result in financial difficulties and the possibility of downsizing, impacting not just the company but also the broader community.
Handling the Situation An RFA designation does not automatically imply fraudulent activity; it can stem from heightened scrutiny or suspicion. Engaging industry experts for a forensic audit can be instrumental in identifying and rectifying any financial discrepancies that led to the RFA designation. This audit helps in presenting a clear picture to lenders and authorities, potentially reversing the RFA status.
Maintaining transparent and open communication channels with lenders and auditors is paramount. Promptly addressing any concerns or suspicions they may have can help mitigate the negative effects of an RFA designation. By demonstrating a commitment to resolving issues and ensuring financial integrity, companies can work towards restoring their credibility and reputation.
Conclusion When a company or promoter is designated as an RFA, it can have severe consequences, including damaging their reputation and disrupting their business operations. To minimize these negative effects, it is essential to communicate promptly and openly with lenders and undergo thorough audits. This proactive approach helps address any potential fraud signals early on and ensures transparency in financial dealings. By doing so, companies can effectively manage the challenges associated with RFA designations, protect their reputation, and maintain business continuity.
Article by: Mr. Rajesh Shukla, Chief Business Strategist, Venture Studio Capital.
For more information, click here: www. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription. |
Ad Unit (Iklan) BIG
Home
› Uncategorized
Related Posts
There is no other posts in this category.Recent
Loading...
Choose Hit Lists Category
- 365hindi
- actors
- actresses
- affidavits
- afghanistan
- akshaykumar
- apt
- asianmodels
- audi
- autos
- ba
- bba
- bevents
- bhaktigaane
- billboard
- bing
- birthdaywishes
- blog
- blugaa
- bm
- bollywood
- bollywoodhd
- budget
- cbse
- cbsenic
- celb
- celebritycars
- celebrityinsider
- chart
- cinema
- cricbuzz
- dailypost
- documentary
- drunkenstepfather
- education
- egotasticsports
- elections
- events
- evilbeetgossip
- fashion101
- festivals
- filmyquotes
- filthy
- free
- gazeis
- glambase
- glamgossip
- gold
- gossips
- gulte
- hd
- hdgallery
- health
- hindi
- hindi18
- hindibhajan
- hindinews18
- hindisamay
- hindisongs
- horoscope
- horror
- hsongs
- htracks
- icelebritieshub
- ifsc
- indiaresults
- indiatv
- info
- insta
- jobs
- kabaddi
- karnataka
- kashmir
- kkpop
- lallantop
- letters
- lh
- lingeries
- lovestories
- lucknow
- lyrics
- lyricshub
- medicines
- medium
- members
- mid-day
- mlm
- models
- music
- musical
- musicnews
- mx
- mylifemyyoga
- navneet
- neft
- nehakakkar
- news
- nisamachar
- nzmc
- old
- pakistan
- patc
- pib
- pics
- plok
- pltv24
- png
- polly
- pollywood
- pr
- prime
- primeautomobiles
- promotions
- ptcnews
- punjab
- punjabi
- punjabizone
- punjablive
- punjabsvera
- punjabtv
- pvideos
- pzsongs
- raag
- raagfm
- rajasthan-board
- recepie
- restaurants
- results
- reviews
- rumor
- salenaphotos
- sarkari
- sarkarinaukri
- sbirec
- search
- shayarism
- shehnaaz
- shirtless
- shop
- singers
- smartphone
- sonunigam
- spoon
- sports
- stats
- status
- sunidhi
- suta
- tamil
- telugumovieimages
- tiktok
- tmusic
- tollfree
- top10bollywood
- up
- updates
- videolyrics
- vision
- w
- wahstatus
- wallpapers
- webseries
- pz10
- years
Highlighted Posts
Recent
Loading...
Label
Advertising
Advertising / Branding
Arts & Culture
Arts & Entertainment
Associations & Organizations
Banking & Insurance
Business
Cars
Economy
Energy & Environment
Entertainment
Fashion
Finances
Health & Fitness
Health & Medicine
Industry
IT
Law & Society
Leisure
Lifestyle
Logistics & Transport
Marketing Research
Media & Telecommunications
Media Consulting
Miscellaneous
New Media & Software
Politics
Real Estate & Construction
Sport
Sports
Technology
Tourism
Traffic
Trends
Popular
- Savory ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027 | openPR.com - New Public Relations: Business, Economy, Finances, Banking & Insurance
- APEJ Peptide Based Infection Therapeutics Market to Register a CAGR of 8.7% Through 2022 | Parchem Fine & Specialty Chemicals, Merck & Co.
- Hybrid Fabrics Market Set for Explosive Growth by 2027: DSM, Solvay SA, SGL Group, Kordcarbon, Gurit Holding, ISOMATEX, TEXTUM, BGF Industries
- Business Wire India - Multimedia: Digest for July 05, 2024
- Business Wire India - Multimedia: Digest for September 22, 2023