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Table of Contents Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1% and NNPA Below 0.5% as on 31st May 2024 Durex TBBT Celebrates the LGBTQIA+ Community with a Special Issue of Outlook Magazine Merck Foundation Chairman and CEO Meets and Acknowledge Their Alumni and Media Awards Winners from Kenya During Their Annual Summit DP World Becomes ICC Top Tier Partner to Deliver Cricket at Every Level

Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1% and NNPA Below 0.5% as on 31st May 2024 Monday 03 June 2024 03:30 AM UTC+00 Business Wire India Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has achieved a significant milestone of Gross NPA below 1% and Net NPA below 0.5% as on 31st May 2024. It continued to register robust financial performance, demonstrating strong growth in AUM, profitability, and superior asset quality.   Management Commentary:   "Under the dynamic leadership of our Managing Director, Mr. Abhay Bhutada, the company has successfully changed its trajectory to emerge as a leader in the lending space with the biggest transformation over the last 3 years witnessed in the NBFC space, with AUM crossing Rs. 25,000 crore and PAT crossing Rs. 1,000 crore in FY2024. At the time of acquisition in 2021, as per management stated Vision 2025, the target was to achieve Net NPA below 1% in 2025, however, the company achieved Gross NPA below 1% and Net NPA below 0.5% as at 31st May 2024. The company has been able to give stellar results, with pristine asset quality due to its strategic business model, robust risk & governance practices, and improvement in collection efficiency."   Biggest & Successful Transformation in NBFC sector at a glance   Parameters (Standalone) Dec-20 (Legacy Magma) (Pre-Acquisition) Mar-24 (Poonawalla Fincorp) (Post-Acquisition) Assets Under Management (AUM) Rs. 11,631 crore Rs. 25,003 crore Cost of Borrowing (%) 9.64% 8.17% GS3/Gross NPA (%) 8.23% 1.16% * NS3/Net NPA (%) 5.35% 0.59% * Return on Assets (%) 0.04% 5.73% AUM per Employee Rs. 2.14 crore Rs. 11 crore PBT Per Employee Rs. 0.12 lacs Rs. 68 lacs Collection Cash Digital Branches 255 102 Lending Methodology  Physical  Digital New to Credit Yes No Data Driven Lending No Yes Credit Rating AA- (CARE) AAA (CRISIL & CARE) Direct & Digital Business (%)  ~10%  81% Digital First Approach  No  Yes   * With combined efforts of business growth, prudent credit policies & improved collection efficiency, the GNPA and NNPA numbers have further improved to less than 1% and 0.5% respectively, as of 31st May 2024. Long Term Guidance on Financial Metrics (achieved across all parameters)   The company's performance on the key financial metrics as against its long-term guidance is as under:   S/N. Metrics Range Actual (Mar'24) 1. AUM Growth 35-40% 55% 2. Profit Growth  30-35% 84% 3. GNPA 1.3-1.8% 1.16% * 4. NNPA 0.5-0.9% 0.59% * 5. Return on Assets 4-4.5% 5.73%   * With combined efforts of business growth, prudent credit policies & improved collection efficiency, the GNPA and NNPA numbers have further improved to less than 1% and 0.5% respectively, as of 31st May 2024.

Durex TBBT Celebrates the LGBTQIA+ Community with a Special Issue of Outlook Magazine Monday 03 June 2024 08:25 AM UTC+00 Business Wire India Durex, globally renowned for its dedication to promoting sexual health and wellness, is thrilled to announce a special collaboration with Outlook Magazine for an exclusive Pride Month edition. Curated under Durex's flagship initiative, The Birds and Bees Talk (TBBT), this issue is designed to celebrate and support the LGBTQIA+ community, in alignment with this year's Pride Month theme, 'Reflect. Empower. Unite'.   This special edition of Outlook Magazine, in partnership with Durex TBBT, is more than just a publication. It is a testament to the power of storytelling, education, and community support in fostering a more inclusive and understanding society. By celebrating the achievements and addressing the challenges of the LGBTQIA+ community, this initiative truly embodies the Pride Month theme of 'Reflect. Empower. Unite'.   This initiative stands out as a significant contribution to the community, aiming to foster inclusivity and drive important conversations about sexual and reproductive health. Guest edited by Ravi Bhatnagar, Director of External Affairs and Partnerships, SOA, Reckitt and recipient of Trans Allyship award by National Human Rights Commission (NHRC), the special edition features a range of inspiring stories, expert insights, and educational content tailored to resonate with a broad audience.   Empowering Voices: This edition provides a powerful platform for influential LGBTQIA+ figures such as Sushant Divgikar, Alok Verma, Dutee Chand, and Trinetra Haldar Gummaraju. Their stories of overcoming societal barriers and fostering inclusivity are truly inspiring and aim to empower readers by showcasing the resilience and achievements of the LGBTQIA+ community.   Expert Insights: The magazine features guest columns from prominent personalities like Arun Kumar Mishra, Chairperson of the National Human Rights Commission; Laxmi Narayan Tripathi, a leading transgender rights activist; and Ashok Row Kavi, a renowned journalist. These contributions delve deep into the history, rights, and societal perceptions of the LGBTQIA+ community, offering valuable perspectives that are both educational and thought-provoking.   Comprehensive Education: Emphasizing the need for comprehensive sex education, legislative protection, and cultural shifts, the edition aims to foster a society that values diversity and empowers individuals to pursue their goals regardless of their sexual orientation. The content highlights ongoing efforts and future aspirations for a more inclusive world, making it a vital resource for readers seeking to understand and support the LGBTQIA+ community.   TBBT Program's Impact: The Birds and Bees Talk initiative has significantly influenced sexual and reproductive health education across India. The program's Social Return on Investment (SROI) Evaluation Study Report reveals an impressive Rs. 24.40 in social value for every Re. 1 invested, showcasing its effectiveness and far-reaching impact. By addressing critical needs and promoting healthy behaviors, the TBBT program equips adolescents with essential life skills, values, and attitudes to become responsible adults. Broader Conversations: Beyond celebrating Pride Month, this special edition aims to spark broader discussions about sexual and reproductive health, particularly among adolescents. Through ongoing dialogue throughout the month, the edition reinforces the importance of these conversations, ensuring that the impact extends well beyond June.   Gaurav Jain, Executive Vice President, Reckitt, shared his thoughts on the initiative, "Pride Month is an opportunity for us to reflect on the challenges faced by the LGBTQIA+ community and take meaningful action to support them. This special edition of Outlook Magazine aims to inspire a sense of purpose and hope for the future. It is a celebration of the progress made and a reminder of the work that still needs to be done. Through our continuous efforts, we strive to bridge the gap of inequality, providing a platform for individuals to voice their opinions and share their experiences."   The TBBT program has delivered impactful conversations using a variety of tactics, from traditional to unconventional methods, including school curricula, media, adolescent mental health helplines, e-learning platforms, music albums, murals, social media, and the AI-powered chatbot HeloJubi. Originally designed to equip adolescents in northeastern India with essential life skills, the TBBT program now extends its reach nationwide, addressing the critical need for comprehensive sex education and promoting healthy behaviors among young people. By imparting critical and age-appropriate information, the program encourages conversations around sexual and reproductive health among adolescents, teachers, and community members, preparing them to become responsible adults.

Merck Foundation Chairman and CEO Meets and Acknowledge Their Alumni and Media Awards Winners from Kenya During Their Annual Summit Monday 03 June 2024 10:00 AM UTC+00 Business Wire India     Merck Foundation marked milestone of providing 165 scholarships to doctors in 42 critical specialties during their annual Alumni Summit - Celebrating their legacy of transforming patient care landscape in Kenya. Merck Foundation Kenya Alumni Summit and Merck Foundation Awards Ceremony 2024 were conducted in Nairobi chaired by Prof. Dr. Frank Stangenberg Haverkamp, Chairman of Merck Foundation Board of Trustees and Senator Dr. Rasha Kelej, Merck Foundation CEO. Merck Foundation announced the 2024 Call for Applications for 2 categories that includes 8 Awards for Media, Musicians, Fashion Designers, Filmmakers, Students, and new potential talents in these fields. They also awarded the Media Award Winners of 2023. Merck Foundation CEO announced that their TV Program "Our Africa" will be aired on KTN, Kenya, every Saturday at 5pm and repeated every Thursday at 6:30 am.   Merck Foundation, the philanthropic arm of Merck KGaA Germany conducted the Merck Foundation Kenya Annual Summit and Awards Ceremony 2024 in Nairobi, Kenya, chaired by Prof. Dr. Frank Stangenberg Haverkamp, Chairman of Merck Foundation Board of Trustees and Senator, Dr. Rasha Kelej, CEO of Merck Foundation. During the Summit, they met and acknowledged the Merck Foundation Alumni and the Winners of the Merck Foundation Media Recognition Awards 2023 from Kenya. Dr. Kelej expressed, "It was a proud moment for me to meet and acknowledge our Merck Foundation Alumni who are becoming the future healthcare experts of Kenya. I am happy to share that we are transforming the patient care landscape in Kenya by providing 165 scholarships one-year PG Diploma and Two-year Master degree in in 42 critical and underserved medical specialties such as; Oncology, Fertility, Embryology, Diabetes, Preventative Cardiovascular, Endocrinology, Sexual and Reproductive Care, Gastroenterology, Respiratory, Acute Medicine, Clinical Psychiatry, Internal Medicine, Dermatology, Neonatal Medicine, Urology, Pain Management, Cardiology, Critical Care, Rheumatology and many more. We are committed to transforming patient care in Kenya and we will continue to scale up these numbers in order to create a stronger platform of skilled medical professionals and strengthen the public healthcare system in Kenya and rest of Africa." "Moreover, it was amazing to felicitate the 9 winners of Merck Foundation Media Awards 2023 from Kenya and discuss with them the critical role they can play to create a culture shift, be the voice of the voiceless and be the Merck Foundation health and social champions," added Senator, Dr. Rasha Kelej. Prof. Dr. Frank Stangenberg Haverkamp, Chairman of Merck Foundation BOT emphasized, "We strongly believe that empowering people will lead to a better future, we also believe good healthcare can transform the lives of individuals and families across developing countries. It can significantly contribute to economic and social development because healthcare is a major driver of economic growth and, consequently, of social progress." During the program, Merck Foundation CEO also announced the broadcast of their "Our Africa" TV Program on KTN Kenya, every Saturday at 5 pm and repeated every Thursday at 6:30 am. Watch the Promo of 'Our Africa by Merck Foundation' here: https://youtu.be/_RIoIMbFd2Q Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of "More Than a Mother" Campaign shared, "I am excited for the airing of "OUR AFRICA" on KTN, Kenya, part of our long-term partner The Standard Media Group. "Our Africa" is a first-of-its-kind TV program that is set to be the voice of the voiceless and break the silence about many critical and sensitive social and health issues in Africa like Breaking Infertility Stigma, Importance of early detection & prevention of Diabetes, Supporting Girl Education, Ending Child Marriage, Stopping Gender-Based Violence, promoting a Healthy Lifestyle, Ending Female Genital Mutilation (FGM), Gender-Based Violence (GBV), Sustainability, and many more." 'Our Africa by Merck Foundation' is a pan-African TV program that is conceptualized, produced, directed, and co-hosted by Senator, Dr. Rasha Kelej, CEO of Merck Foundation to feature African Fashion Designers, Singers, and prominent experts from various domains with the aim to raise awareness and create a culture shift across Africa. Watch the First Episode here: https://www.youtube.com/watch?v=fz1S1Dlugkc Watch the First Episode promo here: https://youtu.be/RzliKpAkUAU The TV program has been broadcasted on prime TV stations of many countries, and is also on social media handles of Senator, Dr. Rasha Kelej (Facebook, Instagram, Twitter and YouTube) and Merck Foundation (Facebook, Instagram, Twitter and YouTube). Merck Foundation is committed for the past 12 years, since 2012, towards healthcare capacity advancement, patient care transformation and reshaping the landscape of the public healthcare sector in Kenya, the rest of Africa and beyond. In Kenya, out of the total 165 scholarships provided by Merck Foundation;   7 Scholarships have been provided for Oncology to develop and support the cancer care capacity in the country. 96 scholarships provided for one-year PG Diploma and two-year Master degree in Diabetes, Preventative Cardiovascular Medicine, Cardiology and Endocrinology for Kenyan doctors from different provinces across the country, which is very important to improve access to quality and equitable diabetes and hypertension patient care not only in Nairobi but nationwide. 25 scholarships have been provided for Fertility, Embryology, and one-year PG Diploma and two-year Master degree in Sexual and Reproductive Medicine, as a part of "Merck Foundation More Than a Mother" Campaign. 37 Scholarships of one-year Online PG Diploma and two-Year Master degree provided in other critical and underserved specialties like Gastroenterology, Respiratory Medicine, Acute Medicine, Psychiatry, Internal Medicine, Dermatology, Neonatal Medicine, Urology, Pain Management, Critical Care and Rheumatology, as part of Merck Foundation Capacity Advancement Program.   The following Media Winners were recognized during the ceremony: Merck Foundation "More Than a Mother" Media Recognition Awards 2023   Elizabeth Angira, MT Kenya Times and People Daily, Kenya (PRINT- First Position) Moraa Obiria, Nation Media Group, Kenya (ONLINE - First Position) Isabella Maua Chemosit, The Times, Kenya (ONLINE - Second Position) Sophia Rukwaro, Black Hustlers TV, Kenya (ONLINE - Third Position) Caren Waraba Sisya, Citizen Radio, Kenya (RADIO - First Position) Angela Kezengwa, Citizen Radio, Kenya (RADIO - Third Position) Elizabeth Atieno Ochieng, TV 47 KENYA, Kenya (MULTIMEDIA - Second Position) Merck Foundation "Diabetes & Hypertension" Media Recognition Awards 2023   Dorcas Wangira, BBC, Kenya (ONLINE - Second Position) Mildrine Nafula Sabwami, North Rift Radio FM, Kenya (RADIO - First Position)   Moreover, Merck Foundation CEO announced the Call for Applications for their 8 important awards for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields from Kenya. Details of the Awards: 1. Merck Foundation Africa Media Recognition Awards "More Than a Mother" 2024: Media representatives and media students are invited to showcase their work to raise awareness about one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/or Stopping GBV at all levels. Submission deadline: 30th September 2024. 2. Merck Foundation Film Awards "More Than a Mother" 2024: All African Filmmakers, Students of Film Making Training Institutions, or Young Talents of Africa are invited to create and share a long or short FILMS, either drama, documentary, or docudrama to deliver strong and influential messages to address one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/or Stopping GBV at all levels. Submission deadline: 30th September 2024. 3. Merck Foundation Fashion Awards "More Than a Mother" 2024: All African Fashion Students and Designers are invited to create and share designs to deliver strong and influential messages to raise awareness about one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/or Stopping GBV at all levels. Submission deadline: 30th September 2024.   4. Merck Foundation Song Awards "More Than a Mother" 2024: All African Singers and Musical Artists are invited to create and share a SONG with the aim to address one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/or Stopping GBV at all levels. Submission deadline: 30th September 2024.   5. Merck Foundation Media Recognition Awards 2024 "Diabetes & Hypertension": Media representatives are invited to showcase their work through strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension. Submission deadline: 30th October 2024. 6. Merck Foundation Film Awards 2024 "Diabetes & Hypertension": All African Filmmakers, Students of Film Making Training Institutions, or Young Talents of Africa are invited to create and share a long or short FILMS, either drama, documentary, or docudrama to deliver strong and influential messages to promote a healthy lifestyle raise awareness about prevention and early detection of Diabetes and Hypertension. Submission deadline: 30th October 2024. 7. Merck Foundation Fashion Awards 2024 "Diabetes & Hypertension": All African Fashion Students and Designers are invited to create and share designs to deliver strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension. Submission deadline: 30th October 2024. 8. Merck Foundation Song Awards 2024 "Diabetes & Hypertension": All African Singers and Musical Artists are invited to create and share a SONG with the aim to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension. Submission deadline: 30th October 2024.   Entries for all the awards are to be submitted via email to: submit@merck-foundation.com   For information on the above awards, please visit our website: www.merck-foundation.com

DP World Becomes ICC Top Tier Partner to Deliver Cricket at Every Level Monday 03 June 2024 12:12 PM UTC+00 Business Wire India Smart logistics provider elevates to Premier Partner status ahead of ICC Men's T20 World Cup. Move builds on original partnership announced in June 2023. DP World is providing smart logistics solutions at the upcoming ICC Men's T20 World Cup, including the movement of pitches from Florida to New York venues. DP World, a leading provider of global smart end-to-end supply chain logistics today announced the expansion of its partnership with the International Cricket Council (ICC).   DP World and the ICC have worked closely together since partnering in June 2023, helping to deliver cricket equipment at the grassroots level and provide smart logistics at pinnacle ICC events. DP World now moves into the Premier Partner tier of the ICC's portfolio, re-affirming the brand's long-term commitment and mission to growing the sport around the world.   This announcement comes as anticipation builds for the ICC Men's T20 World Cup, where 55 matches will be held across nine host locations in the USA and West Indies from 1 - 29 June. There will be 16 group stage matches held in New York, Texas and Florida, marking the first time an ICC World Cup has been held in the United States.   DP World has already played an important role at this World Cup having provided specialist solutions to transport 10 grass pitches grown in Florida over 1,200 miles to the Nassau County International Cricket Stadium in New York and the nearby practice venue. The pitches were developed using the specialist techniques of Adelaide Oval Turf Solutions and nurtured by US-based turf experts LandTek Group.   A fleet of over 20 vehicles transported both match and practice pitches northward on a two-day journey. Each individual pitch was meticulously prepared for transit and wrapped in order to prevent degradation enroute to New York, DP World's advanced logistics capabilities then ensured that that the pitches at Nassau County International Cricket Stadium were transported as efficiently and sustainably as possible.   Separately, DP World has also used its unique position of having operations across 75 nations, on six continents, to develop cricket at the grassroots level through the Beyond Boundaries Initiative, a mission to empower communities through the delivery of kits and equipment via repurposed shipping containers. The initiative was launched on the eve of the ICC Men's Cricket World Cup 2023, with ten kits pledged for every 100 runs scored by a team in the tournament. Over 2,500 kits have already been pledged, with 1,750 kits delivered to thousands of aspiring cricketers across India, South Africa, and the UAE.   DP World's initiative ties in closely with the ICC's mission to build better cricket systems and grow the game globally, and through the expanded partnership DP World will now work closely with the governing body on the development of its criiio programme that supports and celebrates the different ways in which cricket is played around the world.   DP World Chief Communications Officer, Daniel van Otterdijk said: "From the delivery of the World Cup pitches to New York, to our continued efforts to grow the game through our Beyond Boundaries initiative, DP World's partnership with the International Cricket Council has seen us collaborate on empowering people across the world to enjoy the sport at every level. This summer's ICC Men's T20 World Cup sees the world's most iconic players take to pitches transported by DP World's specialist smart logistics expertise. It makes perfect sense, given all we have achieved to date, that we progress to being a Premier Partner as we continue to strive towards the growth of the game for people of all ages and backgrounds all around the world. With our operations there are no limits or boundaries to where cricket can go."   ICC Chief Commercial Officer, Anurag Dahiya said: "DP World has been a highly supportive and active partner of the ICC, and we are very pleased with their upgrade to Premier Partner status, which highlights the significant value our partnerships bring to global brands. ICC partnerships are based on shared values, and DP World has consistently shown a strong commitment to growing the game at every level globally. The ICC is proud to continue our journey at the ICC Men's T20 World Cup and beyond, confident that working with industry experts like DP World makes expanding cricket to new regions and audiences much easier."   DP World will proudly deliver the match ball for each of the 55 games at this World Cup, as well as presenting the Trophy Tour that brings the silverware to the event. The partnership continues for the next four years and will include October's ICC Women's T20 World Cup in Bangladesh later this year.

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