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business

JK Cement Boosts Production Capacity with New Production Line at Panna Plant

JK Cement, one of India’s leading manufacturers of grey cement and a prominent white cement producer globally, proudly announces the inauguration of a new production line at its Panna Plant. This development marks a significant milestone in the companys expansion strategy and reaffirms its commitment to meeting the growing demand for cement while setting its position as a key industry player.

JK Cement inaugurates a New Production Line at its Panna Plant

The new production line at the Panna Plant effectively doubles its clinker production capacity to 6.6 million metric tons per annum (MTPA), up from the previous 3.3 MTPA. This expansion positions JK Cement to cater efficiently to the increasing demand for cement across Uttar Pradesh, Bihar, and Central India.

Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd., said, “JK Cement is built on a foundation of growth and expansion. Our new Panna Plant production line is a key pillar in our comprehensive business expansion plan, propelling us towards our vision of becoming a leading player in the cement industry. This strategic expansion allows us to meet the rising demand for high-quality cement, ultimately enhancing our ability to serve our customers. We remain committed to delivering value to all stakeholders and contributing to the nations development.”

Mr. Madhavkrishna Singhania, Deputy Managing Director and CEO, JK Cement Ltd., commented, “The launch of our new production line underscores JK Cements unwavering commitment to achieving long-term growth and operational excellence. This expansion empowers us to optimize production processes, unlock our full potential, and position ourselves for the future of the cement industry.”

The new production line integrates advanced automation systems for precise control and monitoring, minimising human intervention and enhancing efficiency. State-of-the-art machinery and equipment ensure optimal performance, reliability, consistent output quality, and energy efficiency, reflecting JK Cements commitment to sustainability. The plant incorporates energy-saving technologies, optimised kiln systems, and waste heat recovery systems to reduce energy consumption and lower the carbon footprint. Stringent quality control measures in the plant guarantee that cement products meet the highest industry standards.

Additionally, the Panna Plant expansion project generates employment opportunities, contributing to socio-economic growth in the region. JK Cement actively engages with the local community through educational, healthcare, and social initiatives, strengthening its bond with stakeholders.

With a significant investment of Rs. 2850 Cr, the Panna Plant expansion project reflects JK Cements vision for sustainable growth, environmental protection, and contribution to economic and social development in the region.

About JK Cement Ltd.

JK Cement Ltd. is one of India’s leading manufacturers of Grey Cement and one of the leading White Cement manufacturers in the World. Over five decades, the Company has partnered with Indias multi-sectoral infrastructure needs on the strength of its product excellence, customer orientation and technology leadership. JKCement’s operations commenced with commercial production at its flagship grey cement unit at Nimbahera, Rajasthan in May 1975.

The Company has an installed capacity of 22.2 MTPA of Grey Cement, making it one of the top cement manufacturers in the Country. The Grey Cement business has a strong Pan-India presence across 15 states with an enhanced reach in the states of Uttar Pradesh and Madhya Pradesh.

With a total White Cement Capacity of 1.48 MTPA and Wall Putty capacity of 1.33 MTPA, JK White Cement is sold across 36 countries around the globe and the Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd.

For more information, please visit JK Cement: www.jkcement.com.

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business

From Oakridge to Global Journeys: 100+ Students Triumph in Global University Placements

Oakridge International School Gachibowli proudly announces a significant milestone in its academic achievement with over 100 placements in prestigious universities globally. This remarkable feat is a testament to the unwavering dedication of students and teachers, whose relentless pursuit of excellence has propelled them to success in their academic endeavours and beyond.

Graduation ceremony at Oakridge International School, Gachibowli

Noteworthy institutions in the list where Oakridgers are moving to include Cambridge University, Yale University, Purdue University, Georgia Institute of Technology (Georgia Tech), Kings College London, Imperial College London, University of Westminster in London, Nottingham Trent University, Manchester Metropolitan University, New York University, University of Warwick, and University of California, Irvine. Each acceptance is a testimony to the trust and collaboration between students, staff, and teachers, resulting in a defining characterisation of Oakridge.


These placements underscore Oakridges commitment to nurturing and empowering its students to reach their full academic and personal potential. By providing a safe and nurturing space that fosters critical thinking, creativity, and resilience, Oakridge prepares its students to thrive in a rapidly evolving global landscape.

We are overjoyed to witness our students exceptional achievements in securing admissions to these prestigious universities worldwide,” shared Ms Dipika Rao, Principal at Oakridge International School Gachibowli. “Their success is a testament to the culture at Oakridge, where students are educated and inspired to discover their life purpose, explore their capabilities, and create a future that aligns with their aspirations.”

As Oakridge International School Gachibowli continues its journey, it remains resolute in its commitment to providing a transformative educational experience. This experience equips students with a future roadmap, instils resilience and flexibility, and prepares them to adapt and thrive in any environment they choose to explore.

For more information please visit, www.oakridge.in/Gachibowli

About Oakridge International School, Gachibowli
Oakridge International School, Gachibowli, a distinguished member of Nord Anglia Education, is part of a global network comprising 85 schools across 33 countries. This affiliation provides Oakridge students with access to extensive resources and unparalleled global opportunities, enriching their learning experience. Recognized for excellence, Oakridge Gachibowli ranks as the Best International School in Hyderabad and holds the No. 1 position in the Northwest region according to the Times Education Excellence Ranking 2023. Additionally, it is among the Top 3 International Day Schools in Hyderabad and Telangana according to Education World India School Rankings 21-22.

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business

Top 5 myths about equity SIPs debunked

Systematic Investment Plan (SIP) is a popular way for people to invest in the stock market without needing a big chunk of money upfront. But, like many things, it comes with its fair share of myths and misconceptions. Let’s take a closer look at some of these myths and how equity SIPs can help debunk them.

Myths about equity SIPs debunked

Myth 1: Timing the market is key

One common myth is that you need to time the market perfectly to make money. People often believe they should buy when the market is low and sell when its high. However, this is easier said than done. Trying to time the market can be risky and stressful. Instead, equity SIPs follow a disciplined approach where you invest a fixed amount regularly, regardless of market conditions. This helps you average out the cost of your investments over time, reducing the impact of market volatility.

Myth 2: Stock market is only for the wealthy

Another misconception is that investing in the stock market is only for the wealthy. However, SIPs have made it possible for people from all walks of life to invest in the stock market with as little as a few hundred rupees per month. Equity SIPs allow you to start small and gradually increase your investment over time as your financial situation improves. You can use an SIP top-up calculator to figure out how much more you should invest according to your financial goals

Myth 3: SIPs guarantee profits

While SIPs can be a good way to invest, its important to understand that they dont guarantee profits. The stock market can be unpredictable, and there are no guarantees when it comes to returns. However, by staying invested for the long term and remaining disciplined with your SIP contributions, you can increase your chances of generating decent returns over time.

Myth 4: SIPs are only for bull markets

Some people believe that SIPs only work in bull markets when stock prices are rising. However, equity SIPs are designed to work in all market conditions. In fact, investing regularly through SIPs can be particularly beneficial during bear markets when stock prices are low. By continuing to invest during these periods, you can take advantage of lower prices and potentially generate higher returns when the market eventually recovers.

Myth 5: SIPs are complicated

Investing in SIPs is often perceived as complicated, but its quite simple. All you need to do is choose a mutual fund scheme, decide on the amount you want to invest, and set up an SIP plan with a mutual fund company. Once its set up, your contributions will be deducted automatically from your bank account at regular intervals, making it a hassle-free way to invest.

How equity SIPs challenge these myths

Equity fund SIPs provide a systematic and disciplined approach to investing in the stock market, helping investors overcome common myths and misconceptions. By investing regularly over time, regardless of market conditions, you can take advantage of rupee cost averaging and potentially generate returns in the long run. Additionally, SIPs make investing accessible to everyone, regardless of their income or financial situation, and offer a simple and convenient way to build wealth over time.

In conclusion, while there may be myths surrounding SIP investments, equity SIPs offer a practical and effective solution for investors looking to grow their wealth in the stock market. By understanding and embracing the benefits of equity SIPs, investors can debunk these myths and achieve their financial goals with confidence.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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business

Summer Vacation 2024: Explore Travel Credit Cards on Bajaj Markets

As the summer season approaches, embark on exciting adventures with credit cards available on Bajaj Markets. One can explore a wide range of travel credit cards designed to enhance their family trips and journeys. Beyond the convenience of secure digital payments, these cards make travel more rewarding, convenient, and cost-effective.

Plan your summer 2024 trip with a travel credit card

Travellers can earn rewards tailored to their preferences with airline and hotel-specific cards. These cards provide flexibility by allowing redemption across various options like flights, hotels, car rentals, and travel packages.

With travel credit cards, cardholders can get airport lounge access across global networks for a relaxing travel experience. One can also benefit from travel insurance coverage for trip cancellations, baggage loss, or medical emergencies with a travel credit card.

Some travel credit cards available on Bajaj Markets that one can opt for this summer include:

SBI ELITE Credit Card

Access to Club Vistara Membership and Trident Privilege Membership

Complimentary Priority Pass Program membership

Free movie tickets worth Rs. 6,000 each year

Welcome gift voucher worth Rs. 5,000

IRCTC SBI RuPay Credit Card

Up to 1% savings on transaction charges for booking railway tickets

Up to 10% value back as reward points on specific railway tickets

4 complimentary visits to select railway lounges in India

RuPay offers on golf, dining, travel, etc.

IndusInd Bank Legend Credit Card

Offers complimentary Priority Pass membership

Access to 600+ airport lounges worldwide

Air Accident Cover of up to Rs. 25 Lakhs

Lifetime-free credit card

With a user-friendly interface and dedicated customer support, Bajaj Markets streamlines the process of exploring and applying for travel credit cards. To explore other categories of credit cards, visit the official website or download the app today.

About Bajaj Finserv Direct Limited
Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.

Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Investments, and Payments. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket“. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services, it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.


Visit the Bajaj Markets website or download the Bajaj Markets’ app from the Play Store or App Store to experience “India ka Financial Supermarket“.

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business

Streax Professional Unveils New Digital Ad for Argan Secrets Hair Colour, Starring Actress Vaani Kapoor and Salon Expert Vipul Chudasama

Hygienic Research Institute Pvt. Ltd.’s Streax Professional has launched a new digital ad for their core hair colour line – Argan Secrets Hair Colour. Starring the brand’s ambassador-Vaani Kapoor and technical ambassador, well-known salon expert – Vipul Chudasama, the digital ad aims to lead consumers to discover the secret to attain Mirror Shine nourished hair by getting their hair coloured with Argan Secrets Hair Colour.

Streax Professional’s Argan Secrets Hair Colour’s new digital ad helps consumers experience the difference in every hair strand with its Mirror Shine that transforms the hair into a radiant masterpiece.

Salon Expert-Vipul Chudasama with Actress Vaani Kapoor

The storyline is set in a salon setup where Vaani is seen sitting on a salon chair says that she places her trust only in professionals for bringing shine to her hair; cut to salon expert Vipul Chudasama vouching for Streax Professional’s Argan Secrets Hair Colour to bring her hair the desired shine. Further, he advocates that Argan Secrets Hair Colour enriched with Argan and Walnut Oils gives long lasting hair colour along with Mirror Shine. Vaani then urges viewers to achieve this Mirror Shine and long-lasting colour at the nearest hair salon. With this digital ad, the brand aims to target urban women seeking professional -grade hair colour solutions.

Sharing his insights on this digital ad, Dheeraj Arora, Managing Director & CEO, HRIPL stated, “At Streax Professional, we aim to enhance both salonists skills and consumer experiences by combining beauty and style with scientific expertise. Streax Professional Argan Secrets Hair Colour Hair Colour, offers over 30 shades infused with Argan and Walnut Oil, providing mirror-like shine and setting new trends.”

Speaking about the digital ad and Argan Secrets Hair Colour, Rochelle Chhabra, Spokesperson, Streax Professional, said, “We are thrilled to introduce the new ad campaign for Streax Professionals Argan Secrets Hair Colour that imparts Mirror Shine. With popular actress Vaani Kapoor and salon expert Vipul Chudasama as the faces of our brand, were confident that this communication will change what consumers and hair stylists expect from a salon hair colouring experience. We understand the heartbeat of the salon industry, where every stylist strives for perfection and every client seeks a transformation. Streax Professional stands as a stalwart, revered for its unwavering commitment to quality and innovation.”

Sharing her experience of being a part of the digital ad, Bollywood Star Vaani Kapoor and Brand Ambassador for Streax Professional said, “Im happy to be associated with the new ad campaign of Streax Professional-Argan Secrets Hair Colour. In salons, where magic happens every day, Argan Secrets Hair Colour can be a trusted partner for salon experts to unleash their creativity and transform their clients hair.”

Speaking about Streax Professional Argan Secrets Hair Colour, Vipul Chudasama, Technical Ambassador, Streax Professional said, “Streax Professionals Argan Secrets Hair Colour hair color is a game-changer for salonists. The mirror shine it gives is truly remarkable, transforming hair into a work of art. Collaborating with Vaani Kapoor on the new ad has been an exciting journey. Salonists understand the importance of delivering exceptional results, and with Argan Secrets Hair Colour Hair Colour, we can ensure every client leaves the salon with hair gives mirror shine, reflecting their beauty and our expertise.

The digital ad has been released in Hindi. With its colourful and vibrant storyline, the digital ad promises to resonate deeply with its intended audience.

Digital ad link: www.youtube.com/watchv=sFD-iBfKQuk

Streax Professional Argan Secrets Hair Colour is available at INR 205.

Agency Name: Lowe Lintas

DOP: Sujay Pawar

Director: Joyna Mukherjee

Production House: Thunder Films

Producer: Viniket Kamble

About Streax Professional

Streax Professional – a brand closely associated with style and glamour in the salon business-was launched in 2004 by Hygienic Research Institute. Streax Professional is the smart choice for smart Indian stylists and consumers. Launching innovative products with well-researched formulations, especially suited to Indian hair types, Streax Professional is the forerunner in the professional segment with the widest distribution network. Streax Professional Hair colourant range (Colour, Developer and Ultralights) and Professional Hair Care range (Serums, shampoos, masques) are on a continuous growth path with the brand having a partnership with over 35,000 salons in India and abroad.

About Hygienic Research Institute

Established in 1957, Hygienic Research Institute (HRI) is one of the fastest-growing cosmetic companies in India. Every beauty product of HRI has been prepared with the help of ancient Ayurvedic sciences and modern technology, giving the consumer the very best. An ISO 9001:2015 certified company, HRI implements path-breaking innovations and personal care solutions. All the products are manufactured, tested, and approved by quality assurance as per Indian BIS specifications and adhere to the stringent international norms of countries like Thailand, Malaysia, Singapore and Sri Lanka FDA (Food & Drug Administration). Streax, as a hair colour brand, is trusted and used by 17 lakh consumers every month across India and is sold through three lakh outlets.

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business

Noida International Airport Boosts Real Estate Rates on Yamuna Expressway

The anticipation of the Noida International Airports opening, likely by September, has sparked a flurry of interest in properties along the Yamuna Expressway. Investors are rushing to buy properties on Yamuna Expressway, which is in close proximity to the airport and is targeted to become operational in the next couple of months, probably by September.

Top Industry Leaders Views on Upcoming Noida International Airport

With the airport expected to boost economic activity and fast-track connectivity putting the Yamuna Expressway region on the international roadmap, end-users can take advantage of the current affordability of properties in this area.

In this highly positive scenario, expressing optimism about the Yamuna Expressway real estate market, Mr. Ajay Chaudhary, CMD, Ace Group said, “We are highly optimistic about the prospects of the Yamuna Expressway real estate market, especially with the imminent opening of the Noida International Airport. This development further solidifies the regions status as a prime investment destination. Ace Group is committed to delivering innovative and high-quality projects that meet the evolving needs of our customers. We have already launched a couple of new projects on Yamuna Expressway and look forward to launching many new projects that will contribute to the growth and prosperity of this vibrant area.

Emphasizing the airport’s potential impact, Mr. Sumit Gupta, Managing Director, Alstone Manufacturing Pvt. Limited said, “The upcoming opening of the Noida International Airport is poised to be a significant catalyst for the region, not only boosting the real estate sector but also providing a substantial uplift to allied industries. As airports continue to be developed across India, we anticipate a corresponding surge in demand for real estate and allied industries. This synergistic growth presents a compelling opportunity for investors and businesses looking to capitalize on Indias expanding aviation infrastructure. Drawing from our experience, such as our successful cladding projects at the airports across Ayodhya, Gwalior, Shivmooga, Ahmedabad, and Adampur where we utilized Alstone cladding, we are well-positioned to seize similar opportunities and continue contributing to the entire industrial landscape of the country.”

While highlighting the current affordability of properties, Mr. Arjunpreet Singh Sahni, Executive Director, Solitaire Group said, “With the airport expected to boost economic activity and the fast-track connectivity putting Yamuna Expressway region on the international roadmap, it’s time for early investors to reap rich rewards. Our Solitairian City project at this location has seen significant appreciation in property rates. However, end-users can take advantage of the current affordability of properties at this location, as they may not find similar affordable prices once the momentum picks up.”

Mr. Gautam Kanodia, Co-founder of Kanodia Group, emphasized the transformation in the Yamuna Expressway real estate market, stating, “Noida International Airport is catalyzing a notable transformation in the Yamuna Expressway real estate market. Its opening will be a pivotal development that will underscore the regions burgeoning potential as a premier investment hub. At Kanodia Group, we are steadfast in our commitment to crafting living and work spaces that harmonize with contemporary aspirations and lifestyles. Our projects epitomize our unwavering dedication to excellence and innovation, providing unparalleled experiences for our discerning clientele.

Meanwhile, this development opens up prospects for the growth of all stakeholders in the real estate sector, as the allure of both residential and commercial properties in the region is set to draw in new buyers. The surrounding area is emerging as a prime location for fresh investments, leading to a surge in property values due to escalating demand. “The Yamuna Expressway real estate market is booming as it has high potential in terms of investment and growth. The impending opening of Noida International Airport is a game-changer for this region, and we expect property prices to rise significantly in the near future,” said Mr. Vijay Jain, Managing Director, Star Estate, while shedding light on the booming real estate market of Yamuna Expressway.

UAE-based realty major Danube Properties, which recently announced a 65-storeyed skyscraper named Diamondz located at Jumeirah Lake Towers in Dubai, is also very optimistic about the upcoming opening of Noida International Airport. It’s very bullish about the positive impact of this airport on the real estate markets. Mr. Rizwan Sajan, Founder and Chairman, Danube Group said, “Airports play a pivotal role in driving growth in every real estate location, and similarly, Noida International Airport is here to bring about a transformative change and it also brings us closer to our Indian homebuyers. Living at a location with an international airport in close vicinity is a lifestyle choice that offers convenience and accessibility to global property hubs. Danube looks forward to every opportunity emerging in India and its properties back in Dubai. Especially with our 1 percent payment plan, we want more and more Indians to leverage the opportunity and own their choicest property of their own in our new project Diamondz rather than living in rented accommodations.”

Meanwhile, several early real estate projects on Yamuna Expressway are experiencing substantial price appreciation, marking the highest rise in NCR. As the countdown to the airports opening continues, the Yamuna Expressway real estate market is expected to remain bullish. Meanwhile, those looking to invest in the region are advised to act swiftly to secure their investments before property rates escalate further and reach an unaffordable limit.

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business

Tax Saving Opportunities in FY 2024-25 Available on Bajaj Markets

Bajaj Markets, a leading digital financial marketplace, provides access to a variety of tax-saving investment. The new financial year (FY) 2024-25 presents an opportunity to optimize taxes and achieve long-term financial goals.

Tax saving opportunities available on Bajaj Markets

Tax Saving Opportunities

The following financial instruments are available on the digital marketplace. Individuals may choose to invest in these to maximize their tax-savings.

Tax Saver Fixed Deposits (FDs)

Bajaj Markets has partnered with reputable banks to offer tax-saving FDs.

These FDs allow deductions of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act, 1961.

These FDs have a locking of 5 years.

Competitive interest rates ensure good returns alongside tax benefits.

Equity Linked Saving Schemes (ELSS)

Invest in a diversified portfolio of stocks through ELSS mutual funds.

ELSS offers deduction under Section 80C (up to Rs. 1.5 lakhs).

ELSS has locking of only 3 years.

Potential for high long-term capital appreciation.

National Pension Scheme (NPS)

Contribute towards retirement while saving on taxes.

Get tax deductions of up to 10% of salary (Section 80CCD) if opted for Corporate NPS Account and Rs. 50,000 (Section 80 CCD(1B)) if opted for Individual NPS Account.

NPS offers a disciplined approach to retirement planning.

Home Loan

Interest paid on home loans can be claimed as a deduction under Section 24 (up to Rs. 2 lakhs) and Section 80C (principal repayment).

Individuals can consider refinancing their existing home loan for potentially better interest rates and tax benefits.

Explore a variety of investment options offered by different financial institutions on Bajaj Markets and their tax benefits. Individuals can make informed financial decisions and reach their financial goals.

About Bajaj Finserv DirectLimited

Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.

Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Investments, and Payments. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services, it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.

 

Visit the Bajaj Markets website or download the Bajaj Markets’ app from the Play Store or App Store to experience “India ka Financial Supermarket”.

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business

IIM Kashipur to Felicitate 400+ Students at 11th Annual Convocation

11th Annual Convocation Ceremony on 27th April 2024

438 Ambitious Students to be awarded their respective degrees. Over 30% are female

Shri Yezdi Nagporewalla, CEO of KPMG India, will be the Chief Guest of the event

27 Dedicated Students to be Honoured with Medals

The first batch of Executive MBA Analytics will receive degrees

Indian Institute of Management (IIM) Kashipur, a leading B-school in India, is proud to announce its 11th annual convocation ceremony to be held on 27th April 2024 at the pristine Kashipur Campus.

Representative Image – IIM Kashipur

As many as 438 young and talented minds will receive their degree, and 30% of them are female. The jubilant event will confer degrees to tutees of MBA, MBA analytics, executive MBA, executive MBA analytics, and doctoral Programmes for batch 2022- 2024, showcasing the institute’s unwavering focus on nurturing academic diversity and excellence.

Last year, IIM Kashipur awarded degrees to 353 students; of them, 98 were female. This year, the number of students who received degrees has gone up to 438, and the number of female students has surged to 140.

The momentous occasion will be graced and addressed by the Chief Guest, Mr. Yezdi Nagporewalla, CEO of KPMG India. Also, the much-awaited afternoon would be presided over by Mr. Sandeep Singh, Chairperson, Board of Governors, IIM Kashipur.

Remarkably first-ever, the bittersweet event will award degrees to the first batch of students of Executive MBA Analytics, who have transformed into professionals harnessing the power of analytics, technology, and management through the program’s cross-functional academics and practical learning. Notably, IIM Kashipur was among the leading IIMs that launched this course in light of the New Education Policy.

The landmark ceremony will proudly present the well-deserved degrees to 15 PhD Dept, 232 MBA, 87 MBA Analytics, 21 Executive MBA, and 83 Executive MBA Analytics students, respectively. Along with degrees, IIM Kashipur will award 27 highly skilled to-be graduates with gold, silver, and bronze medals. Apart from that, 17 students who made it to the “Directors Merit List” for their unfailing commitments to the course will also receive medals from the chief guest.

Remarkably, IIM Kashipur has secured 19th rank among the top 50 Management Institutes/Colleges in India in the National Institutional Ranking Framework (NIRF)-2023 ranking released by the Ministry of Education. IIM Kashipur has also become the only IIM to get into the Top 50 in the NIRF-ARIIA (Atal Ranking of Institutions on Innovation Achievements) quotient, leaving behind other IIMs.

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business

AIS Announces Winners of AIS Design Olympiad 5.0

Asahi India Glass Ltd (AIS) is proud to announce the winners of 5th edition of ‘AIS Design Olympiad‘. This year AIS Design Olympiad saw a significant increase in participation from architectural colleges across India that culminated in a grand finale with the top 8 finalists making their presentations to an esteemed jury panel on 6th April 2024 at Taj, Santacruz in Mumbai, Maharashtra. The brainchild of Asahi India Glass Ltd (AIS), India’s leading integrated glass solutions company and a dominant player in automotive and value-added architectural glass segment, AIS Design Olympiad is its effort to bring academia and industry closer and bridge the gap between learning and real-life experiences. AIS Design Olympiad has been established as a leading example of industry- academia collaboration in a relatively short time frame.

Winners and jury members at the AIS Design Olympiad 5.0

AIS Design Olympiad 5.0 invited participants to explore and experiment with new materials, construction techniques, and technologies that can push the boundaries of traditional architecture and design. Participants were encouraged to think about how their designs could respond to emerging challenges such as climate change, rapid urbanisation, and resource depletion, and how they could create solutions that are sustainable, efficient, and adaptable to changing needs.

The AIS Design Olympiad (ADO) adhered to a stringent process where each student submission underwent scrutiny by distinguished architects serving on the regional and national jury panels across India. Regional evaluations happened in the North, South, West, Central, and East Zones, with each region being assessed by a panel of renowned architects.

The Final of the AIS Design Olympiad was judged by a distinguished National Jury panel including architects such as Ar. Vivek Bhole from Vivek Bhole Architects, Mumbai; Ar. Karl Wadia from Hafeez Contractor, Mumbai; Ar. Paul Moses from RSP, Bangalore; and Ar. Avinash Nawathe from ANA Associates, Pune. The winners announced at the grand finale were Rachna Sansad Academy of Architecture, Mumbai as the Winners, Deenbandhu Chotu Ram University of Science & Technology, Murthal, Sonipat, Haryana as the 1st Runner up, and SMEF Brick School of Architecture, Pune as the 2nd Runner up. These winners, both at the national and regional levels, were rewarded with cash prizes, certificates, and trophies from Asahi India Glass Ltd, with the added opportunity for students to intern with renowned architectural firms represented by the competitions jury members.

Speaking about AIS Design Olympiad 5.0, Mr. Vikram Khanna, COO, Consumer Glass & Architectural Institutional Business, CMO – Asahi India Glass Ltd. said, “We are thrilled to announce the winners of AIS Design Olympiad, showcasing the immense talent and creativity of budding architects. Our overarching philosophy for AIS Design Olympiad 5.0 was ‘Innovation. Futuristic Design. Sustainable Architecture.’ and we are proud of what the students achieved this year through their designs. Our heartfelt gratitude to the esteemed jury panel members for their diligent assessment. Going through all the designs from across the country to find the best ones was tough and were thankful to our judges from the regional and final rounds who worked hard to pick out the best designs. Our Congratulations to all participants for their exceptional contributions. We look forward to an even more inspiring ADO 6.0 next year.”

Architect Vivek Bhole National jury ADO added, “I have seen ADO grow from strength to strength in the last 5 years, I congratulate AIS on the successful completion of the 5th edition of AIS Design Olympiad. We are focused on engaging students with challenging concepts and making them future ready. As I already mentioned, I would encourage all the architectural students to upskill themselves for the competitive world out there. Once again, my heartiest congratulations to all the students and the AIS team for this wonderful event.”

Mr. Shailesh Ranjan- Business Head – Institutional Sales said, “The ADO 5.0 was a successful event; I am sure everyone is going back with one or more thoughts about sustainability and the future of architecture. We saw great designs from all the students and our heartfelt thanks to all the jury members in mentoring the teams for their presentations at the regional rounds to choosing the best designs as winners.”

About Asahi India Glass Ltd (AIS)
Asahi India Glass Ltd. (AIS) is Indias leading integrated glass and window Solutions Company and a dominant player both in the automotive and architectural glass segments. It commands a majority share of more than 45% in the architectural value-added glass segment and over 74% share in the Indian passenger car glass segment. Started in 1987, AIS footprint today spans the entire spectrum of the automotive and architectural glass value chains.

Company Website: www.aisglass.com.

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business

Axita Cotton Limited Achieves Record-breaking Revenue and Profit in FY2023-2024, Declares 10% Dividend

Yearly Net Profit at Rs. 20.58 crore in Year 2023-2024 up 20.49% from Rs. 17.08 crore in Year 2022-2023.

EBITDA stands at Rs. 29.36 crore in Year 2023-2024 up 20.27% from Rs. 24.41 crore in Year 2022-2023.

Axita Cotton Limited‘s Revenue skyrocketed to a staggering Rs. 1104 Crore, a remarkable 100.89% Y-o-Y increased as compared to Rs. 549.83 Crore. This impressive feat underscore Axita Cottons commitment to exceeding expectations and delivering exceptional value.

Commenting on the results, Mr. Nitinbhai Govindbhai Patel, Chairman, Axita Cotton Limited said, “Were delighted to report surpassing a significant revenue milestone of Rs. 1104.38 in FY2024. This success is a result of our teams exceptional execution and the growing adoption of Technologies. Looking ahead, our unwavering commitment lies in seamlessly integrating our acquisitions, meticulously following our strategic roadmap, and fostering sustainable, profitable revenue growth.”

In an affirmative move and a robust financial gesture that has resonated well with the market, Axita Cotton Limited. has announced a 10% dividend for FY2023-2024, a decision that has been perceived as a shining indicator of the companys financial health.

The announcement of the dividend has been perceived positively by the market, as it underscores the companys strong sales growth and profitability. It is not merely a distribution of profits but also a reinforcement of the companys potential for sustained growth and profitability in the future.

Highlights of FY:2023-2024

Particulars (INR Lakhs)

Fiscal Year Ended

YoY Growth

FY 2024

FY 2023

Gross Revenue

110438.91

54973.92

100.89%

EBITDA

2936.07

2441.23

20.27%

PAT

2057.99

1708.74

20.43%

For more information, please visit www.axitacotton.com.

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