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business

Successful Conclusion of “Study in Hong Kong” India Education Fair: Opening Doors to Global Education Opportunities

Highlighted academic excellence and learning opportunities from eight leading government-funded universities in Hong Kong.

Aimed to foster global collaborations and nurture future leaders across Asia Pacific.

Offered detailed information on various opportunities from Hong Kong’s universities.

The “Study in Hong Kong” India Education Fair concluded successfully, marking a significant milestone in fostering international educational collaborations and providing Indian students with insights into higher education opportunities in Hong Kong. The event, which showcased academic excellence and learning opportunities from eight leading government-funded universities in Hong Kong, attracted a diverse audience of students, parents, and educational advisors.

Study in Hong Kong education fair in Delhi

Organized by representatives from top-ranked Hong Kong universities, the fair engaged with students in India and provided them with comprehensive information about studying in Hong Kong. The students interacted with university representatives directly who answered their enquiries regarding various academic programmes, admission requirements, scholarship opportunities, and campus life experiences. The attendees also got the opportunity to learn about the academic excellence and research opportunities offered by Hong Kong’s universities, as well as the vibrant cultural and social experiences available in the dynamic city.

Reflecting on the success of the event, Professor Bennett YIM, Director of Undergraduate Admissions and International Student Exchange at The University of Hong Kong, commented on behalf of the event organizing committee, “We are delighted by the overwhelming response to the ‘Study in Hong Kong’ India Education Fair. It was truly inspiring to witness the enthusiasm and curiosity of Indian students and their families as they explored the diverse educational opportunities available in Hong Kong. We are confident that this event has opened doors to exciting possibilities for future collaborations and academic endeavors.”

Representatives from participating universities provided detailed information on support services for international students. While making attendees aware of the higher education landscape of Hong Kong, the event also fostered meaningful connections between students and representatives from top-ranked universities.

The success of the “Study in Hong Kong” India Education Fair underscores the growing interest among Indian students in pursuing higher education in Hong Kong, which has emerged as a leading destination for academic and professional development. Empowered with the valuable insights offered during the event, students and parents will now be able to make the right decision about their plans to study in Hong Kong.

Why Studying in Hong Kong

Hong Kong boasts eight government-funded universities known for a wide array of undergraduate and postgraduate programs across different disciplines. These institutions are renowned for their distinct academic strengths, adherence to international curriculum standards, and quality assurance. The degrees they offer are globally recognized, with the universities regularly ranking among the best worldwide. Hong Kong’s educational environment promotes academic freedom and culturally diverse campus life, urging students to adopt various perspectives and broaden their horizons. The emphasis on scholarly rigor, research innovation, and international connectivity renders Hong Kong an attractive option for global students and researchers.

Renowned as the world’s premier global financial center, Hong Kong’s location in the heart of Asia helps foster robust connections with Mainland China and the global community. The primary language of instruction in the majority of tertiary education institutions in Hong Kong is English, thus facilitating easy access and creating a favorable environment for international students. Language barriers are effectively eliminated, allowing for a smooth and uninterrupted learning experience, and students can adapt comfortably to the living and academic atmosphere in Hong Kong.

In addition to its affordability, the region’s international ambiance and supportive governmental measures create a beneficial environment for international students. Increasingly, Indian students are choosing Hong Kong for its exemplary education, opportunities for post-study employment, and high living standards.

The city also boasts cutting-edge infrastructures and highly efficient transport systems, positioning Hong Kong as a convenient hub for travel. With its strategic location and well-established networks, students in Hong Kong benefit from unparalleled accessibility, making the city an ideal destination for both living and studying. These factors collectively contribute to an enriching educational experience, where students not only thrive academically but also engage with the vibrant and interconnected global landscape that Hong Kong offers.

For details about the Education Fair, please visit admissions.hku.hk/events/study-hong-kong-india-education-fair.

About “Study in Hong Kong”

With the support of the University Grants Committee (UGC) of the Hong Kong Special Administrative Region Government, the HUCOM Standing Committee for Internationalization (HUCOMSCI) has initiated a campaign entitled “Study in Hong Kong” which aims at expanding non-local student enrollment in emerging markets for the eight UGC-funded universities in the city. Through organizing visits and education fairs across the world, we are committed to building connections with government officials, local schools, parents, and students, with the goal of recruiting more outstanding international students to choose Hong Kong as a destination for higher education.

In the current year, the trip to India will provide a platform for university representatives to greet talented Indian students and offer them an opportunity to learn about the academic excellence and diverse resources available at Hong Kong’s leading universities. By fostering connections and showcasing the advantages of studying in Hong Kong, HUCOMSCI seeks to strengthen the bonds between the participating institutions and the Indian student community.

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Categories
business

Kuldeep Gupta, Vice President (Strategic Partnership), C4V Bags the Future Energy Leader Award Middle East organized by The Economic Times EnergyWorld

Mr. Kuldeep Gupta, Vice President (Strategic Partnership), C4V wins the Future Energy Leader Award Middle East organized by The Economic Times EnergyWorld, an arm of Times Internet in Dubai, UAE. His strong background and contribution to the Energy Sector made this achievement possible.

Kuldeep Gupta, Vice President (Strategic Partnership), C4V Bags the Future Energy Leader Award Middle East organized by The Economic Times EnergyWorld

Mr. Kuldeep Gupta epitomizes a visionary leader within the energy sector, boasting an illustrious career spanning over one and a half decades. He embarked on his journey in the dynamic landscape of oil and gas exploration, stationed on offshore jack-up rigs in the UAE. These formative years instilled in him a profound understanding of hydrocarbon extraction methodologies, laying the groundwork for his transformative career trajectory. Mr. Kuldeep Guptas expertise extends to energy extraction from depths of 300 feet below the sea, showcasing his capability to harness resources from challenging environments. With experience in extracting energy from depths of 3000 meters below the subsurface, Mr. Gupta demonstrates proficiency in accessing and utilizing deep-seated energy reservoirs.

Transitioning seamlessly into the Ports & Shipping Industry, Mr. Gupta assumed pivotal roles in orchestrating the safe transportation and storage of fossil fuels. His tenure in the oil and gas sector not only honed his technical expertise but also sensitized him to the environmental ramifications of fossil fuel consumption. Mr. Gupta oversees the transportation of extracted energy in large carriers with capacities ranging from 100,000 to 400,000 barrels, indicating the scale of his operations and logistical capabilities. Energy extracted is stored at temperatures ranging from -50 to 100 degrees Celsius, necessitating advanced storage solutions involving compressors and heaters to maintain optimal conditions. This awareness became a driving force behind his fervent commitment to sustainable practices and green energy initiatives.

Embracing the winds of change, Mr. Gupta embarked on a quest to revolutionize the energy landscape, spearheading groundbreaking endeavors in lithium-ion cell manufacturing and renewable energy integration across the Middle East. In his early start, he headed the project of setting up a combined Gas Cycle Power plant of 1015MWH in the Middle East. His visionary leadership, coupled with strategic foresight, has positioned him as a catalyst for transformative change, driving the transition from fossil fuels to sustainable energy solutions. His pioneering initiatives in lithium-ion cell manufacturing and setting the whole Green Energy ecosystems have positioned the Middle East & India as a hub for cutting-edge battery technologies, fostering economic growth and innovation in the region. Mr. Guptas signing of numerous agreements for anode manufacturing, electrolyte manufacturing, and green aluminum production highlights his strategic focus on building a sustainable supply chain for renewable and storage sectors. Presently, Mr. Gupta is pushing efforts to diversify Business with the Government & NOCs in the process of setting ion the first Gigafactory in the state region. Mr. Guptas extensive experience spans deep extraction, transportation, and storage of energy resources, providing him with a comprehensive understanding of the challenges and opportunities within the energy domain.

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Categories
National News

Gurugram Emerges as India’s Real Estate Powerhouse: Unveiling a Decade of Growth and Innovation

A reflection of India’s growth story for about a decade or so, Gurugram has claimed the Numero Uno position on the national map. No wonder, the city has become the launch pad for residential and commercial real estate, with approximately 25000 units expected to be launched in the next six months.

Key Highlights:

With over 60 per cent total inventory sold in National Capital Region both, in terms of volume and value, Gurugram seems to be driving the real estate sector in the country.

With an unprecedented demand and unsold inventory getting dried up, the demand for new launches and under-construction properties has been scaling up

The total estimated number of units, as part of new projects, coming up in the next six months, is 25000 units.

The total estimated value of new projects coming up in the city over the next six months is 1,00,000 Cr.

Housing and infrastructure will continue to be the engine of India’s growth, as the sector witnesses an annual housing demand of 1 crore, and an additional demand of 7 crore by 2030. Sales volumes in the primary market have grown at an extremely healthy annualised rate of 29%, since 2020, and culminated in a 10-year high in 2023. The residential market stepped into 2024, with sales growing at 9% YoY in Q1 2024. 86,345 units were sold in Q1 2024, a level exceeded only in Q4 2023 over the past six years.

The major contributor to this growth story in Gurugram. which continues to witness immense action on the real estate front. With over 60 per cent share of the total inventory being sold in the National Capital Region both, in terms of volume and value, the region continues to be driving the real estate sector in the country. In fact, with an unprecedented demand and unsold inventory getting dried up, the demand for new launches and under-construction properties has been scaling up in the city.

While last year, approximately 12,500 housing units were sold on Dwarka Expressway resulting in sales worth Rs. 25000 crore, which was 66% of total sales in Gurugram. This year, the total estimated number of units, as part of new projects, coming up in the next six months, is 25000 units. And, the total estimated value of new projects coming up in the city over the next six months is 1,00,000 Cr.

Talking about the trend, Vishesh Prakash, Lead, R&R, says, “The real estate players and developers are leveraging this opportunity where the demand for residential realty has just shot up, and offering plans and schemes to attract more investors and buyers. In what can be termed as a rare phenomenon, recently, a newly-launched inventory was sold in a day, and saw buyers/investors queuing up for its allotments. This was unimaginable trend. On the part of consumers, guess the FOMO (Fear of Missing Out) is making many jump the gun, thereby, propelling developers to create newer opportunities and launch new projects. If all goes as anticipated, Gurugram is all set to script new records in the next fiscal.”

The new residential launches will be catering to various segments of the market, including luxury apartments, affordable housing, and integrated townships. Interestingly, this time around, the new launches are getting takers not because of any ‘hyped promises’, but because to visible infrastructural developments that have improved city’s connectivity, such as the expansion of highways, metro rail connectivity, and the development of peripheral roads. These initiatives have enhanced the city’s internal as well as external accessibility, and are driving the real estate growth not just within the city, but also its adjacent areas.

The Growth Story: Key Trends

Housing and infrastructure will continue to be the engine of India’s growth, as the sector witnesses an annual housing demand of 1 crore, and an additional demand of 7 crore by 2030.

Sales volumes in the primary market have grown at an extremely healthy annualised rate of 29%, since 2020, and culminated in a 10-year high in 2023.

The residential market stepped into 2024, with sales growing at 9% YoY in Q1 2024. 86,345 units were sold in Q1 2024, a level exceeded only in Q4 2023 over the past six years.

With ongoing projects like the Dwarka Expressway and Metro expansion, improved connectivity and infrastructure, Gurugram is positioning itself as the Number One city of attraction for buyers and investors alike.

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Categories
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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Categories
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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Categories
business

Royaloak Furniture on Expansion Spree, Launches its 169th Store in Bhimavaram, Andhra Pradesh

Royaloak Furniture, India’s renowned furniture brand, has further solidified its presence in Andhra Pradesh with the inauguration of a new store in Bhimavaram. With this, the brand marks an impressive 169th store opening in the country.

The grand opening ceremony was honored by the esteemed presence of Mr. Vijai Subramaniam, Chairman of Royaloak Incorporation Pvt. Ltd., Mr. Mathan Subramaniam, Managing Director, Royaloak Incorporation Pvt. Ltd, Mr. Grandhi Srinivas, Honorable MLA & Government Whip, Bhimavaram Constituency, and Mr. Koyye Moshenu Raju, Chairman of Andhra Pradesh Legislative Council. This expansion underscores Royaloaks commitment to providing quality furniture solutions to the people of Andhra Pradesh.

Royaloak Furniture inaugurates its 169th store in Bhimavaram, Andhra Pradesh

The grand launch event also witnessed guests from the Royaloak team, including Mr. Vijai Subramaniam, the Chairman of Royaloak Furniture, Mr. Mathan Subramaniam, Managing Director, Mr. Kiran Chhabria, the Franchise Head, Mr. Angara Nagendra Babu, State Head – AP & TS, Mr. Thammaiah Kotera, Head – VM & NSO, as well as Mr. Rajesh, Franchise Manager.

Set against the backdrop of spirited melodies of drums performed by the local band, the guests exuded enthusiasm as they orchestrated a magnificent grand launch event. The distinguished guests were warmly embraced into the festivities, signifying an extraordinary beginning to this thrilling new chapter.

Covering an impressive 18000 square feet, this store boasts an extensive array of furniture for every part of the home, including living rooms, bedrooms, dining areas, and more. Bhimavaram’s residents can now discover a wide variety of both stylish and functional furnishings.

Royaloak is a go-to destination for all home furnishing needs, that offers sofas, beds, dining tables, chairs, recliners, mattresses, interior decor items, and a comprehensive selection of office and outdoor furniture, all conveniently located in their neighborhood. This store adds to the brands presence in Andhra Pradesh making it 14 stores in the region.

Speaking at the launch event, Mr. Vijai Subramaniam, Chairman, Royaloak Furniture said, “Today marks an exceptional day for the entire Royaloak team as we continue to grow, celebrating the inauguration of our 169th store. We are genuinely excited about our expansion in Andhra Pradesh, especially with our latest store launch in Bhimavaram. This underscores Royaloaks dedication to providing top-quality furniture at accessible prices to our valued customers. I extend my best wishes to the franchise owners as we eagerly anticipate serving customers and assisting them in finding the ideal pieces to complete their dream homes.”

The store boasts a carefully curated and exclusive Country Collection, showcasing the finest and most unique furniture selections from countries such as the United States, Italy, Malaysia, and India.

Through its dedicated standalone stores, Royaloak aspires to elevate the aesthetic appeal of homes with its modern, luxurious, and budget-friendly furniture offerings. The brand has been fulfilling the lifestyle requirements of its expansive customer base, exceeding 10 million individuals.

With a network of over 200 immersive retail outlets nationwide, Royaloak has established a robust presence in more than 116 key locations, including Hyderabad, Vijayawada, Visakhapatnam, Mumbai, Kolkata, Chennai, New Delhi, Bangalore, Bhopal, Ahmedabad, Guwahati and Kochi.

About Royaloak Furniture

Royaloak Furniture, founded in 2010 by brother duo Vijai & Mathan Subramaniam, has successfully grown to become India’s No. 1 furniture brand and a key player in the India’s Furniture market.

Headquartered in Bengaluru, the company is exponentially growing its product portfolio by bringing International Furniture to Indian household.

With over 200+ stores spread across more than 116 Indian cities like Hyderabad, Mumbai, Kolkata, Chennai, New Delhi, Bangalore, Bhopal, Ahmedabad, Guwahati and Kochi, Royaloak Furniture has established itself as a one-stop-shop for all furniture needs.

With the vision to elevate customer’s lifestyle at unbeatable prices, Royaloak Furniture has built strong Omni-channel presence and caters to more than 10 million happy customers who use the brand’s uniquely designed furniture to turn their aspirations into reality.

Royaloak Furniture has the widest range of over 10,000 products that allow its customers to creatively express themselves.

The brands strategy for achieving growth is centered around three fundamental pillars, namely Employees, Partners, and Customers. It became a “Furniture Marketplace” featuring a vast selection of products.

Categories
National News business

LowCarbon.Earth, Asia’s Leading Climate Accelerator Supported by UNEP and Massive Earth Foundation, is Hosting its Demo Day in Bangkok on 25th April 2024

Massive Earth Foundation, in collaboration with the United Nations Environment Program, will host the ‘Low Carbon Earth‘ 23 Demo Day’ on 25 & 26 April 2024, in Novotel, Sian Square, Bangkok. The event will enable promising climate tech startups from Across the Asia Pacific to showcase their products, connect with investors, raise funds and scale their innovative climate tech solutions.

Climate Accelerator in Bangkok in collaboration with UN and MEF

The Low Carbon Earth Demo Day in Bangkok is the final stage in the Low Carbon Earth Accelerator Program that was launched in August 2023. The accelerator program invited applications from all the climate tech startups from the Asia-Pacific region and conducted a 12- week intensive virtual program to help the climate tech startups connect with mentors, network, raise funding, and showcase their products on a global level. The program witnessed an overwhelming response from various startups who demonstrated their climate tech products. Women-led startups from all around the globe participated in the even with a common agenda “Making Earth towards a green and clean plant.”

The Low Carbon Earth is an annually recurring accelerator program launched by the Massive Earth Foundation to solve climate change and pollution reduction. The accelerator program is launched in collaboration with the United Nations Environment Program, which includes the UNEP’s Go4SDGs initiative, and it also partners up with UN Women – EmPower: Women for Climate Resilient Societies. Low Carbon Earth calls out to all startups working in various sectors, such as renewable energy, sustainable textiles, addressing microplastics, optimising farming practices and mitigating urban heat in cities. etc. & conducts accelerator programs to help startups learn from mentors, connect with the most accredited and active climate-tech investors, network with high potential founders, and grow their products on a larger scale. The program spans the Asia-Pacific region and invites all startups whose goals are aligned with the UN’s Sustainable Development Goals (SDGs) and who are dedicated to solving climate change by developing climate friendly technological solutions.

Min-Si Wang, founder, Ecomonitor from Singapore said, ‘LCE introduces me to a network of climate tech peers and mentors that provide invaluable collaboration and learning opportunities. I find UNEPs insights on regional climate initiatives and tool kits to be especially valuable.’

Vilasinee Churat, founder, Munie Lifestyle from Thailand said, ‘This journey has been truly transformative, and Im excited to reflect on what made it so meaningful for me. The program empowered me to understand the core business values and navigate the global market for sustainable products. This experience has been instrumental in shaping my entrepreneurial journey.’

The Low Carbon Earth’23 will conclude on the demo day, which will be held in Novotel, Siam Square, Bangkok on the 25th and 26th of April, where the top 14 handpicked finalist startups will unite together at a global platform to showcase their products to investors from across the Asia.

About Massive Earth Foundation

Massive Earth Foundation (MEF), is a non-profit company registered under Sec 8, The Massive Earth Foundation (MEF) is a non-profit organization, with the vision to effect actionable policy, research, and project for the Pollution Reduction / Climate change Industry.

MEF is working to build a vibrant ecosystem to support innovation & scale through partnerships, investments, and ecosystem building in the area of Air pollution, Clean Energy, Clean Mobility, Smart and Sustainable Agriculture, Water and sanitation, and the sustainable built environment.

The core strength of MEF lies in its ability to execute complex projects at scale, doing path-breaking research, and bringing various stakeholders to a single platform. It is backed by Indias leading entrepreneurs, venture capitalists, and investors.

MEF operates LowCarbon.earth Climate accelerator in partnership with UNEP for Asa-pacific startups and also supports other corporates, foundations, and multi-lateral agencies in running their Net zero / climate tech open innovation / acceleration program. MEF has impacted more than 2100 start-ups through its various programs since its inception.

MEF in past has run programs for organisations like Waste.aid, Amazon, IFC etc.

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Categories
Technology

Fischer Launches Undercut Anchor FSU – High Performance for High Demands

Fischer India announced the launch of FSU – Undercut anchor, a ground breaking addition to fischer’s line up designed to meet the demands of high-load applications in concrete. Mr. Mayank Kalra, Managing Director of fischer India said, “This innovative anchor not only delivers exceptional performance but also introduces enhanced installation efficiency with its self-undercutting capability. Moreover, with the integration of a Data Matrix Code (DMC), the FSU underscores our commitment to advancing the digitalization of fastening solutions, offering seamless product identification and data accessibility.”

Fischer Undercut Anchor FSU

Heavy steel and facility constructions, nuclear power plants, refinery projects, power stations, infrastructure projects, and the oil and gas industry benefit from the self-undercutting FSU undercut anchor made of galvanized steel, which is ideal for applications with high load and safety requirements. It was made for heavy-duty fixings to anchor steel structures, heavy pipe systems and industrial machines as well as many other indoor fixtures and attachment parts in cracked and non-cracked concrete.

The European Technical Assessment (ETA) provides safety during fastening applications in cracked concrete (option 1). The plug is also approved for seismic applications in categories C1 and C2, meaning it can be used in areas prone to earthquakes. It is also a safe choice in the event of fire (R120 fire assessment) or for fastening installation systems such as extinguishing systems (VdS sprinklers) It is simple and easy to install. Two different undercut anchor versions enable push-through (FSU-P) and pre-positioned installation (FSU). The anchor is placed into a drill hole created with the FSU-SD stop drill bit using the FSU-ST setting tool. Upon cleaning the drill hole, the anchor is placed with the FSU-ST setting tool. The anchor self-cuts into the undercut, creating a flush connection.

Thanks to this perfect flush fit, the FSU reliably transfers the forces and anchors into the substrate almost without expansion, achieving an extremely high load and safety level. Its six cutting teeth and the self-undercutting principle enable precise and powerful placements in concrete and make installation fast and secure. The low expansion forces allow very low edge and axial spacing without spalling and provide maximum safety and ultimate flexibility for all applications, even in the event of strong crack formation and wide crack widths in seismic areas.

Another advantage is the special plastic element that fixes the FSU in the drill hole, preventing the anchor from falling out of the drill hole and making overhead installation simple and safe. Convenient setting depth markings on the plug and setting tool (FSU-ST) provide a quick visual assembly check while guaranteeing additional safety. The DSU-DT disassembly tool can be used to quickly remove the anchor without a trace, if required. Product data can be identified and read using the DMC (Data Matrix Code) on the anchor. The code can easily be scanned using the fischer PRO app, so that all the information about the scanned product can be viewed directly in the app. Users can download the ETA and additional data in the download section. This feature guarantees flexible and accurate transparency and allows the data to be stored.

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Categories
business

Effortless Chic: Daniel Wellington Unveils its Sparkling New Jewellery Collection for Spring/Summer 2024

Daniel Wellington, the leading global watches and accessories brand known for its contemporary sleek design has just announced the introduction of its latest jewellery collection, designed for the Spring/Summer season of 2024. This stunning new line embodies effortless chic, offering a range of pieces designed to elevate your look and complement your personality.

Daniel Wellington – Crystal Link Bracelet Rose Gold

Crafted with precision and passion, the collection features two captivating design stories: the Carbine Crystal link and the Pave. The Carbine Crystal link features a chunky chain setting adorned with eye-catching crystals, perfect for those who love a bold and statement-making look. For a touch of delicate elegance, the Pave collection features a dainty chain set with sparkling crystals. Both designs share a common element, ensuring a cohesive and timeless aesthetic.

Adding a touch of personalization, the collection also features bracelets designed to seamlessly match your favourite leather and mesh watch bands. Crafted from high-quality materials, these bracelets offer a versatile and stylish option for everyday wear.

Further enhancing your look, the collection boasts a range of charming crystal pieces. Each charm is set with sparkling white Cubic Zirconia crystals (lead-free) and securely held in place with a four-claw setting. These charms come with a clever TPU ring inside, allowing them to effortlessly attach to the chains or the new collections earrings, depending on your desired style.

Key Highlights from the Daniel Wellington SS2024 Jewellery Collection

Carbine Crystal

The new Carbine Crystal collection features a chunky chain setting with crystal details across the bracelets, necklaces, rings and earrings.

Carbine Crystal Necklace: A mix of industrial elements and refined crystal details take this gold link necklace way beyond your basic chain. Wear it with the rest of the Crystal Link collection or alone as a statement piece-this chunky chain is a stunner either way.

Measurements

Necklace: One size tbd

Bracelet: 155mm, 165mm,175mm and 185mm

Earrings: tbd

Ring: Size 48-70

Product Details

SKU – DW00400571

MRP – Rs. 11,599

Group – Carbine

Description – CARBINE NECKLACE ROSE GOLD

Color – Rose Gold/ Gold/ Silver

Pave Collection

Introducing the new Pave collection featuring a tiny chain setting with crystal details. The sphere on the bracelet and necklace is round just like our classic Aspiration collection.

Pave Crystal Pendant Necklace Rose Gold

Closely arranged, carefully set crystals allow this rose gold pendant necklace to capture the light from all angles, creating a sparkling effect found across the entire Pave collection. The pendant is fixed, so the necklace’s clasp and sizing rings won’t gather.

Product Details

SKU – DW00400625

MRP – Rs. 7,699

Group – Pave

Description – Pave Necklace

Color – Rose Gold/ Silver/ Gold

Perfect Pair Bracelet – Mesh Belt

We took inspiration from our most-loved watch straps to create the Perfect Pair collection: bracelets that are great alone, but even better paired with a friend. This rose gold mesh version comes in two different widths, so you can find the right match for your watch (or anything else on your wrist).

Measurements

Bracelet: 155mm, 165mm,175mm and 185mm

Thickness Mesh:1.8mm, 2.8mm

Thickness Leather: 2.8mm

Product Details

DW00400670 / 71 / 72 / 73

MRP – Rs. 3,799

Group – Perfect Pair Bracelets

Description – Mesh bracelet 1,8 155mm / 165mm / 175mm / 185mm

Color – Rose Gold/ Gold/ Silver

CharmsCrystals

Ambitious Aries, loving Libra, poetic Pisces-add a piece of personality to your jewellery with the help of our Zodiac Crystal Charms. Each gold charm features carefully set crystals and anti-slip silicone lining, making it simple to add to our Charm Earrings or a chain.

Product Details

DW00400733 / 34 / 35 / 36 / 37 / 38 / 39 / 40 / 41 / 42 / 43 / 44

MRP – Rs. 3,799

Group – Charms

Description – Charm Zodiac

Color – Rose Gold

Availability: The new SS24 collection is available on www.danielwellington.com and across Daniel Wellington stores.

About Daniel Wellington

Daniel Wellington is a Swedish watch and jewellery brand founded in 2011. All products are designed in-house in Stockholm, highlighting a commitment to perfected minimalist design and providing the world with timeless style through affordable luxury. Since its inception, Daniel Wellington has sold over 12 million watches and established itself as one of the most beloved brands in the industry.

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Categories
business

MAS Financial Services Limited Reports PAT of more than Rs 250 Crores for the FY 2023-24, While the Consolidated AUM Crosses Rs 10,700 Crores

A strong growth of 26.05% in AUM & 23.41% in PAT

Rating upgraded to CARE AA-

The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the audited financial results for the quarter ended 31st March 2024.

116 Quarters of 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. 2866.35 Crores during the quarter ended 31st March 2024.

During the quarter, the Company’s Long Term Bank Facilities and Non-Convertible Debentures rating has been upgraded to CARE AA- (Outlook: Stable) from CARE A+ (Outlook: Positive) by CARE Ratings Limited (‘CARE’)

Performance Highlights – (Consolidated)

MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of 10721.90 Crores and Profit after Tax (PAT) of Rs. 70.10 Crores for the quarter ended 31st March 2024 from Rs. 8505.89 Crores and Rs. 56.82 Crores respectively for the quarter ended 31st March 2023. The consolidated PAT for the FY 2023-24 stands at Rs. 254.01 Crores.

A Growth of 26.05 % in AUM and 23.37 % in PAT over the corresponding period of the previous year.

Performance Highlights – MAS Financial Services limited (Standalone)

MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 10125.61 Crores and Profit after Tax (PAT) of Rs. 68.05 Crores for the quarter ended 31st March 2024 from Rs. 8092.56 Crores and Rs. 55.55 Crores respectively for the quarter ended 31st March 2023. The AUM as on 31st December 2023 was Rs. 9672.03 Crores.

A Growth of 25.12 % in AUM and 22.50% in PAT over the corresponding period of the previous year.

Capital Adequacy Ratio (including Tier II capital) as of 31st March 2024 stood at 24.05%. The Tier-I capital stood at 20.33%.

The portfolio quality remained stable and strong at 2.25% gross stage 3 assets and 1.51% net stage 3 assets of AUM as compared to 2.23% gross stage 3 assets and 1.48% net stage 3 assets of AUM as on 31st December 2023.

The company continues to carry a management overlay of Rs. 18.79 Crores as on 31st March 2024, 0.24% of the on book assets.

(Rs. in Crores)

Particulars

Q424

Q423

YoY

FY24

FY23

YoY

Assets Under Management

10125.61

8092.56

25.12%

10125.61

8092.56

25.12%

Total Income

329.53

267.82

23.04%

1224.57

939.85

30.29%

Profit Before Tax

91.09

70.41

29.37%

331.42

264.70

25.21%

Profit After Tax

68.05

55.55

22.50%

247.75

200.96

23.28%

(Rs. in Crores)

Asset Under Management (AUM)*

March-24

March-23

YoY

Micro-Enterprise Loans

4385.11

3874.16

13.19%

SME Loans

3733.86

2986.66

25.02%

2-Wheeler Loans

670.12

554.35

20.88%

Commercial Vehicle Loans

747.66

372.48

100.72%

Salaried Personal Loans**

588.86

304.90

93.13%

TOTAL AUM

10125.61

8092.56

25.12%↑

*Represents underlying assets in each of the categories. As on 31st March 2024, 32.88% of the total underlying assets are through various NBFCs.

New Product Segment

The MSMEsegment contributed ~60% in the YoY AUM growth of the company while other products also contributed meaningfully.

Dividend: In consonance to our policy of rewarding the shareholders of the Company, the Company has paid the interim dividend of Rs. 3 per share – pre bonus – ( 1 ex-bonus). Additionally, the Board has proposed the final dividend @ 5.10% i.e. Rs. 0.51 per share subject to the approval of the Members in the ensuing Annual General Meeting.

Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone)

MAS Rural Housing and Mortgage Finance Limited reports Assets under Management of Rs. 596.29 Crores and Profit after Tax of Rs. 2.08 Crores for the quarter ended 31st March 2024 from Rs. 413.34 Crores and Rs. 1.37 Crores respectively for the quarter ended 31st March 2023.

A growth of 44.26% in AUM and 51.55% in PAT over the corresponding period of the previous year.

Capital Adequacy Ratio (including Tier II capital) as on 31st March 2024 stood at 38.00%. The Tier-I capital stood at 30.53%.

The portfolio quality remained stable and strong at 0.90% gross stage 3 assets and 0.66% net stage 3 assets of AUM as compared to 0.81% gross stage 3 assets and 0.58% net stage 3 assets of AUM as on 31st December 2023.

The company continues to carry a management overlay of Rs. 3.00 Crores as on 31st March 2024, 0.65% of the on book assets.

(Rs. in Crores)

Particulars

Q424

Q423

YoY

FY24

FY23

YoY

Assets Under Management

596.29

413.34

44.26%

596.29

413.34

44.26%

Total Income

17.68

12.40

42.58%

62.46

43.75

42.75%

Profit Before Tax 2.62

1.70

54.21%

9.58

8.09

18.31%

Profit After Tax

2.081.37

51.55%

7.58

6.34

19.48%

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.

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