MakeMyTrip Announces ‘Homestay Awards’ to Celebrate India’s Growing Homestays and Alternative Accommodation Ecosystem

India’s first traveller choice award exclusively for homestay properties including villas, apartments, farmhouses, hostels and more

India’s leading online travel company, MakeMyTrip, has announced an annual celebration to recognize and reward the growing community of homestays hosts in the domestic travel market. The platform will reward properties for their unique attributes and features including location and view of the property, amenities, in-stay facilities, stay options for specific needs and requirements, and more. To be held annually, this is India’s first traveller choice award exclusively conceptualized for homestay properties and hosts.

Speaking about the importance of this initiative, Vipul Prakash, COO, MakeMyTrip, said, “MakeMyTrip’s Homestay Awards is an endorsement of the growing significance and contribution of this segment to the overall tourism sector. At one level, the idea behind this platform is to promote micro-entrepreneurship at the grass root level, and at another, to encourage travellers to explore India like a local by spotlighting the best homestays across the country.”

Hosts will be able to nominate their properties under specific categories on MakeMyTrip’s mobile application/website starting April 10, 2022. The comprehensive selection process will entail voting by travellers in the initial leg beginning first week of May followed by shortlisting of winners by eminent judges. The final winners will be felicitated at a grand event in August later this year.

Echoing thoughts on the contributions of the homestay ecosystem to the entire travel & tourism industry, Sunil Suresh, Group Chief Marketing Officer of MakeMyTrip, said, “The search for a home away from home during the pandemic led to adoption of new concepts like workcation, staycation etc. In the last two years, the homestays segment has shown tremendous potential and scope for growth – at the back of active contributions and determination of hosts to serve travellers despite all adversities. We are thrilled to create something special for India’s growing hosts’ community; and look forward to celebrating their journey and showing our appreciation for their hard work and commitment towards continuing to enrich stay experiences of Indian travellers.”

MakeMyTrip will announce the nomination details including the criteria and selection process pertaining to the awards on its website and social platforms soon.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Hamdard salutes Armed forces and Police in its #SehatHaiToWatanHai campaign

Hamdard Laboratories (Medicine Division), a progressive, research-based health and wellness organization offering Unani medicines to provide preventive, curative, and rehabilitative healthcare, dedicates its national campaign ‘Sehat Hai To Watan Hai’ to India’s armed forces and police for their selfless service round the clock. In the second phase of the campaign, Hamdard salutes the soldiers for their unwavering commitment to the nation. The company has taken the campaign onground after offering special discounts on its offerings.

With the 2nd leg of ‘Sehat Hai To Watan Hai’ campaign, Hamdard Laboratories has come forward in organizing health camps for the Armed Forces and the Police, Coast Guards, BSF Jawans. There are health camps being conducted in Ghaziabad across various police colonies, and Delhi .

Having started with its first camp at Kamla Market police lines, the selected locations including Hauz Qazi followed by Karol Bagh, Patel Nagar, Rajinder Nagar, Chandini Mahal and Paharganj, the Health Camps will now be conducted in the Army Cantonment on 12th & 13th March respectively. Police & Army jawans have been provided with tips from the Unani doctors on how to stay fit, build immunity, fight symptoms and suggestions on post-recovery medicines. Under the ‘Sehat Hai To Watan Hai’ initiative, the patients will also get attractive discounts on the best of Hamdard’s Unani medicines.

Elaborating on the initiative, Abdul Majeed, Chairman & Managing Trustee, Hamdard Laboratories (Medicine Division), said, “Commitment to self-care is critical as the nation grapples with the third COVID wave. While we continue to provide quality healthcare products to all, we find it critical to care for our armed forces and the police of the nation for their selfless service. Their holistic well-being and health protection is our responsibility as they continue to protect the nation. We extend our gratitude through dedicating #SehatHaiToWatanHai to our armed force, frontline workers and commit to providing the best of Unani solutions for their brighter and healthier future.”

Hamdard Laboratories (Medicine Division) launched a digital marketing campaign, “Sehat Hai to Watan Hai”, to step in and help people rejuvenate, restore and revitalise the lost energy. The campaign urged people to be mindful of their health and pursue a healthier lifestyle to combat the COVID-19 pandemic. A part of Hamdard’s “Healthy India Hamdard India” initiative, this new campaign was featured across social media platforms along with e-commerce and entertainment portals to engage with audiences.

A&W Capital Acts as the Exclusive Financial Advisor to KukuFM for its Series B Fund Raise of USD 19.5 Million Led by Krafton

As the deal activity continues to gather steam in the attractive digital audio space in India, KukuFM, India’s leading subscription based digital audio platform, announced its USD 19.5 mn Series B fund raise led by South Korea’s Krafton yesterday. A&W Capital, a unique cross-border investment advisory firm focusing on the sports, gaming and digital media sectors, acted as the exclusive financial advisor to KukuFM on this marquee transaction.

KukuFM offers more than 150,000 hours of content across multiple genres including fiction, non-fiction, self-help in more than 5 regional languages. The proceeds from the current round would be utilised to broaden its language offerings and enable creation of quality audio content at scale.

Speaking on the transaction Lal Chand Bisu, Co-founder and CEO of Kuku FM said, “We are thrilled to have closed this latest round and to have onboarded prominent international investors such as Krafton. We have seen an unprecedented consumption of audio content amongst users in the country with 70% users coming from Tier 2 cities. We will continue to foster our creator and listener bases and are confident of reaching 10m active paid users by the end of 2022.”

Commenting on A&W Capital’s role Vinod Kumar Meena, Co-founder and COO said, “A&W were excellent partners for us through the process – their deep sector expertise coupled with strong investor connects were instrumental in delivering this successful outcome. We sincerely thank Paroksh and the team for their assistance and look forward to working with them again.”

Paroksh Gupta, MD, A&W Capital said, “This is another milestone in the ongoing evolution of the non-music digital audio industry in India. KukuFM, with its unique indigenous content and subscription driven growth model, is ideally placed to emerge as the winner in this space. I thoroughly enjoyed working with Bisu, Vinod and Vikas, and excited to be part of their journey ahead.”

With a high-quality team comprising of a unique mix of sports marketing veterans, professional sportspersons and M&A execution bankers, A&W advises clients across the various stages of lifecycle. This ranges from early-stage companies in the nascent digital media and gaming space to the more established professional sports leagues, teams and governing bodies in the sports ecosystem.

About A&W Capital

A&W Capital was founded in 2016 by Matthew Wheeler – a sports investment specialist with over three decades of experience in business management, M&A, investments and shareholder value creation. A&W Capital is a unique cross-border investment advisory firm focused on the sports, digital media and gaming sectors. Our primary aim is to act as the bridge between India and the international markets, identifying and servicing opportunities within our specialist fields. The India platform buildout is spearheaded by Paroksh Gupta who joined A&W Capital in early 2020. Prior to joining A&W Capital, Paroksh spent 7 years at the global investment firm KKR and 2 years at Bank of America Merrill Lynch.

For more information, please visit awcapitalltd.com.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Kolaj – the First Bengali Film Festival will be held in Bengaluru from April 8 to 10

Kolaj Bengali Association is all set to host the first Bengali film festival in Bengaluru. Kolaj, a three-day film festival, will kick start on April 8 and conclude on April 10. This film festival will be held at St. John’s Auditorium, Koramangala.

Kolaj, Bengaluru Bengali Film Festival – from 8th to 10th April 2022

Kolaj is an annual film festival that seeks to join the dots by screening Bengali films and filling up the empty spaces in the lives of the Bengali-diaspora residing in Bengaluru.

As many as 9 Bengali feature films will be screened during this festival. Feature films such as Subhasish Mukherjee and Joy Sengupta starrer Shohorer Upokotha, Aparna Sen’s Bahomaan, and Rituparna Sengupta starrer beautiful life will be screened during the film festival.

Apart from these 9 feature films, 7 short films were also screened during the film festival, including Bodhon and Okaigari. A documentary film, ‘1971‘ will also be screened during the Kolaj film festival.

Talking about this film festival, Abir Banerjee, Film Festival Director, Secretary and Co-founder of Kolaj, said, “Bengaluru now has become a second home for Bengalis. There are 14 lakh Bengalis residing in the city, and the cinema has been an integral part of every Bengali’s life. As a result, to strike that chord in every Bengali, with this film festival, we are bringing a plethora of Bengali films and their star casts closer to every Bengali living in Bengaluru.”

He further said, “This event will also help in expanding the viewership base of Bengali cinema, boosting the Bengali film industry. It’s a win-win situation wherein people get to experience Bengali cinema in their city and it will also strengthen the popularity of the Bengali film industry.”

This film festival will be graced by popular actors such as Moonmoon Sen, Rituparna Sengupta, Swastika Mukherjee, Sreelekha Mitra, Rudranil Ghosh, Joy Sengupta, Sourav Das, Rwitabrata Mukherjee. The special guest of honour at this event will be the member of the legislative assembly, West Bengal, Agnimitra Paul.

For more information on Kolaj Film Festival please visit www.facebook.com/kolajfilmfest.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Femina Miss India 2020 Runner-up Maanya Singh at INIFD Kothrud, Pune for Annual Convocation

The Inter National Institute of Fashion Institute, INIFD Kothrud, Pune celebrated the Annual Convocation Ceremony to acknowledge and applaud the achievements of their design students. The evening was marked with the presence of dignitaries in the likes of Femina Miss India 2020, runner-up Maanya Singh, Honourable Mr. Pratap Jadhav Ex-president IIID and the CEO of INIFD, Honourable Mr. Anil Khosla along with the Centre Director Ms. Mita Agrawal. In a “never done before” style, INIFD Kothrud held a landmark celebration of felicitating the pass-outs of 2019, 2020 and 2021, all together. More than 400 students were part of this magnanimous event.

Felicitating Students (L To R) MR. Pratap Jadhav, Ms. Manya Singh, Mrs.Meeta Agrawal, Mr.Anil Khosla

Congratulating the young designers, the 19-year-old Beauty Queen Maanya said, “I am delighted to felicitate the proud INIFDians. She also congratulated INIFD for making India proud by taking design education from India to the entire world. She said when other institutes are seeking collaborations from institutes abroad, this Chandigarh based Institute is spreading its wings to all major fashion capitals of the world.”
The Ex-president of Institute of Interior Designers, IIID, Mr. Pratap Jadhav said, “IIID in collaboration with INIFD takes interior design students a step forward for a higher qualification and offers unique opportunity to the students which prepares them for challenges in the Interior Design industry.”
Speaking on the occasion the CEO of INIFDMr. Anil Khosla said, “INIFD – the largest Global network of Fashion and Design Institutes revolutionizes the entire field of Design education in country, keeping in sync with today’s rapidly changing dynamics of the Fashion and Interior world. World class education facilities, indigenous curriculums blending theory with practical experience, industry interface, and showcase, helps INIFD to stay leagues ahead in design education.”

INIFD designers have always brought laurels to the country. The recent showcase The Indian Fashion Trunk at New York Fashion Week on 12th February 2022 was a huge success,” he further added.
Congratulating all the INIFDians he said that it is a matter of pride the young INIFD designers for having travelled across the globe from Lakme Fashion Week in India to World’s top two Fashion Weeks Fashion Week in London and New York Fashion Week.
He also congratulated the management team of INIFD Kothrud for their visionary approach and providing specialized training in Design with practical industry experience to the students making them experts in the fieldHe also motivated, encouraged, and wished the students all the best in their career ahead.
While addressing the audience, Centre Director Ms. Mita Agrawal proudly shared that INIFD Kothrud is now approved by the Maharashtra State Board. It is affiliated to the Maharashtra State Board of Skill Development (MSBSD) and, now, offers diploma programs in, both, Interior and Fashion Design. Femina Miss India 2020, runner-up Maanya Singh, the President of IIID Honourable Mr. Pratap Jadhav and the CEO of INIFD, Honourable Mr. Anil Khosla conferred the Fashion and Interior design students with their pass-out certificates along with other achievement awards.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

UnlistedKart App Makes Its Debut in the Unlisted Stock Market

BENGALURU, India, March 11, 2022 /PRNewswire/ — In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250+ crores and clocking an impressive IRR of 40% on their recommended portfolio. A testament to their explosive growth has been their research-first platform that empowers investors to find missed opportunities in the unlisted market. They have also been able to bank on a few relationships with large banks and institutionalize the market in the process. The overarching result has been that common investors now have the access and exposure of private equity giants and venture capitalists. They also have the added capability to conduct a fundamental analysis of unlisted stocks via neutral reports and narrow down their options.

While UnlistedKart has revolutionized the market, they also identified a few glitches in their journey. One such pain point is substantial human intervention that doubles up as a scalability roadblock for investors, keeping instantaneous transactions out of their reach. Moreover, secondary markets investors are typically exposed to many risks relating to credit, market, liquidity, and valuation.

The UnlistedKart App Makes Its Debut

UnlistedKart decided to solve such problems by launching their very own app on the Android and iOS app stores. Powered by Artificial Intelligence and Automation, the UnlistedKart App aims to reduce the probability of errors while delivering unlisted stocks to everyday investors. Common investors can seamlessly buy and sell unlisted stocks through the app without worrying about the complexities of the unlisted stock market! Furthermore, with various process parameters in place to smartly manage related risks, investors can have a portfolio that passes every due diligence checkpoint, conduct periodic market reviews, only deal with Unlistedkart as a seller / selling entity which eliminates the credit risk, and carefully select the stocks that can bag them maximum returns.

One of the app’s main features is the availability of top-notch market research reports that help investors understand the key valuation drivers of unlisted stocks and make well-informed investment decisions. What makes these reports stand out is that they are 100% neutral in nature and generated with the help of a proprietary AI technology. This ensures that no data point is missed out on, which is often the limitation that plagues manual research processes. Another great free feature is the insights section that constantly delivers updates and recent developments on unlisted companies.

Investors can choose to invest from a range of 50 unlisted stocks/scrips and invest as little as Rs. 5000.

Currently, the app offers a range of 50 stocks/scrips to invest in, and the number will only increase in the coming weeks. In the past 6 months that the app has gone live, it has garnered serious traction among investors, clocking 20k+ downloads. And it is clear why. The app not just gives access to unlisted stocks and impeccable research reports, but also doubles up as a portfolio tracker. Hence, even if they have invested in stocks through other platforms, they can simply enter their portfolio details and start tracking its performance in no time.

An Investor-First Philosophy

Thus, UnlistedKart is on a mission not just to sell stocks but to urge investors to make well-informed decisions with the help of regular reports and market insights. The app has also solved longstanding woes for investors in the unlisted space. It gives them an edge over others regarding price discovery and helps them get better deals on investments. Investors can also track their individual portfolios and get alerts whenever there is any development or news related to their holdings.

About Unlistedkart

Unlistedkart LLP is a research-driven, market-making platform focused on the secondary market for late-stage/Pre-IPO/unlisted companies. It enables HNIs, wealth managers, and other investors to invest early into the companies they believe in and provide much-needed liquidity to founders/ESOP holders to meet their vision.

Mail: hello@unlistedkart.com

Website: https://unlistedkart.com/

Facebook: https://www.facebook.com/unlistedkart/

LinkedIn: https://www.linkedin.com/in/unlistedkart/

Instagram: https://www.instagram.com/unlistedkart/

Logo: https://mma.prnewswire.com/media/1689306/Unlistedkart_logo.jpg

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Triumph International India launches their new retail store in Seawoods Grand Central Mall

~With 3 retail stores in the city, Triumph and sloggi reinstate their commitment to provide a unique experience for customers in Navi Mumbai~

~Aims to have 20 stores in the country by mid-2023~

MUMBAI, India, March 10, 2022 /PRNewswire/ — Triumph International India, one of the world’s leading Intimate apparel brands, has inaugurated its new retail store in Seawoods Grand Central Mall, Navi Mumbai on March 8, in presence of glamourous actress Tara Sutaria. The German brand has been determined to enhance the retail shopping experience for their customers with innovation at the forefront to deliver high-quality products.
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Triumph recently introduced its iconic bodywear brand, sloggi in October 2021 to the Indian market. To expand their presence strategically, the brand launched its 3rd Triumph and 1st sloggi store in the mall in Navi Mumbai.

The 900 sq. ft. store is thematically designed with set-ups and fixtures in both brands’ signature colours. The store offers comfortable fitting zones, spacious changing rooms, an uncluttered shopping experience and an extensive choice of premium intimate clothing across various collections. Consumers can also avail expert fitting advice from their well-trained fit experts.

Launched in India in 2002, Triumph International India has expanded its presence in over 80 cities in the country. Within two decades the brand has over 200 counters in leading large format stores, more than 850 multi-brand outlets and multiple e-commerce portals. Adding to the existing 3 exclusive retail stores in the country, the brand aims to have 15 Triumph and 5 sloggi stores in the country by mid-2023.

To add more glamour to the already well-planned premium store, Bollywood actress Tara Sutaria inaugurated the store accompanied by Santhosh Sivaramakrishnan (Commercial Director, India & Sri Lanka, Triumph International).

Elaborating on the brand ethos, Santhosh Sivaramakrishnan, Commercial Director, India & Sri Lanka, Triumph International said, “Triumph believes in customer first approach and has witnessed expansive growth keeping the perspective of real women at the heart of our business. Our larger vision is to build a community of confident women not only to prove our mettle as global market leaders but also as a brand that believes in their potential to become stronger every day.”

“By further expanding our operations, we aim to explore the substantial potential of this market segment in India. While we are riding the e-commerce boom, Triumph has also built a steady chain of exclusive retail stores which ties-in with our position to strengthen our omni-channel presence in the country. We are elated to extend our offline expert driven shopping experience to our consumers in Navi Mumbai,” he further added.

Shweta Verma, Head of Product and Marketing, India & Sri Lanka, Triumph International said, “Our focus has been to understand the perspective of every woman and deliver insight driven products to all our customers. With innovation at the core, every new range introduced by Triumph is a step further to maximize everyday comfort and help women feel truly confident about themselves. Our revolutionary Fit Smart bra, with 4D technology boasts an intelligent support system that moulds to women’s unique shape and delivers best-in-class support and looks beautiful.”

Speaking about sloggi’s product range in the Indian market, she added, “Sloggi has been delivering unrivalled comfort to millions of people world over by challenging what bodywear means today. With the launch of the flagship sloggi store in Mumbai, we are happy to provide a unique retail space to showcase our best-selling collections such as the invisible Zero Feel series.”

Triumph with a mission of uniting women through inner confidence stocks a wide variety of collections for all women’s needs, such as the iconic Amourette series, innovative Fit Smart bras, Triaction sports bras, and premium Loungewear series.

sloggi which is positioned to bring true comfort to peoples’ everyday life by creating the most wearable, innovative bodywear for men and women in the world, stocks global best-selling collections like ZERO Feel, GO Allround, Go, Start, Ever Fresh, S by sloggi and Shore, the swimwear collection.

The Triumph and sloggi stores at Seawoods Grand Central Mall will be serving its customers daily between 11 am and 9:30 pm from March 8, 2022.

About Triumph International:

Triumph Group, one of the world’s leading intimate apparel companies, develops, produces, and markets intimate apparel, sleepwear, and swimwear for its brands Triumph® and sloggi®, through wholesale customers and its own stores and e-commerce.

Triumph has brought about its success from humble beginnings more than 130 years ago, to a global corporation that is one of the few companies in the apparel industry that still remains family-owned. Today the Triumph Group joins the ranks of global leaders in the lingerie sector, with a multifaceted product palette that is sold in more than 120 countries, from Norway to South Africa and from Mexico to India. This is taken care of by around 40,000 trade customers, with whom Triumph has traditionally had close relations, in addition to a dense network of 4,050 controlled points of sale, which are operated both by partners and by Triumph itself. The company is mindful of the fact that innovative, quality products must be accompanied by excellent service in order to satisfy demanding consumers.

The brand entered India in March 2002 and has a strong presence across all sales channels. The distribution in India spans over 80 cities via direct supply having more than 1,000 points of sale. The brand is currently present in more than 200 counters across India including leading large format stores, more than 850 MBO stores, and multiple e-commerce portals. For additional details, please visit http://www.triumph.com

Photo: https://mma.prnewswire.com/media/1763066/Triumph_inauguration.jpg

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Period-holiday and ‘No Personal Questions’ Policy During Interviews for Women Workforce: KelpHR

KelpHR addresses gender equity and equality in society at a panel discussion held on International Women’s Day

KelpHR, a pioneering organisation formed in 2013 with a vision to build a safe, happy, and inclusive workplaces through best-in-class HR practices, hosted a virtual panel discussion on the topic ‘Are we building a bias-free Ecosystem for Women?’ on March 8, 2022. Among panelists that participated in the discussion were Mahabanoo Mody Kotwal – Producer, Director & Stage Actor, Pratibha Girish – Founder- Finwise Personal finance Solutions, Ashok GV – Lawyer, Partner – Factum Law and Smita Shetty Kapoor – CEO & CO-Founder, KelpHR. The conversation brought to light several hidden biases against women in our society and workplaces ranging from the financial, legal, media & entertainment to the human skills perspective.

“KelpHR works with more than 700 organizations across India and 99.9% of these corporates want to create a safe workplace for all – women, men, and the third gender in India. Personal questions have very little impact on the work efficiency of women and corporates should abstain from asking any personal questions when they interview a prospective woman employee. In KelpHR, we promote this culture inside and even outside when we advise external organizations on their HR practises. Corporates need to create a credible ecosystem in which individuals feel confident of the support of the organisation and feel free to grow in a bias-free environment. For example, period-holidays must become a norm at the workplace and women should take a day off each month when they get their period,” said Smita Shetty Kapoor, CEO & Co-founder of KelpHR.

The panelists also discussed stereotypes associated with women in the society such as women not being able financial decision-makers, lack of talented women writers and producers in entertainment, the treatment of women victims in sexual harassment cases, representation of transgenders, the corporate process of interviewing women employees adding personal questions related to marriage and kids, etc.

“In a country with a population like ours, women are not represented well at all. I strongly believe mindsets need to change, but they can’t change with the ideal image of Seeta that today’s television shows so ardently broadcast. To break away, we need not ‘do’ the things we are doing today. In India, we sell everything through sex, objectifying women. And yet, it is surprising parents won’t sit down and talk about sex education with their children. We need to voice out biases because silence is equal to death,” said Mahabanoo Mody Kotwal – Producer, Director & Stage Actor.

The panelists concluded by saying that women must take charge of their life, work, financial independence, and more. They should love themselves and stand up for themselves and present a united front. They should talk and reach out – share, support, and survive. As a society, we also need to work on changing our mindset. Change needs to happen in a singular unit and then snowball into a society shift.

For more insights visit www.linkedin.com/video/live/urn:li:ugcPost:6906918784058417152

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Cuentas Offers App-Based Cross Border Money Transfers Powered by Western Union

Cuentas customers can now send money to 200 countries and territories via mobile app

Cuentas, a leading fintech provider of mobile banking, digital wallet and payment solutions serving Hispanic and Latino communities, has integrated Western Union’s domestic and international money transfer capabilities into the Cuentas mobile banking app.

Cuentas customers can now send money to 200 countries and territories via the Cuentas mobile app. Leveraging Western Union’s leading global cross-border, cross-currency platform, Cuentas customers can conveniently move money to friends and family almost anywhere across the world using the Cuentas mobile app. Once sent, receivers can pick up their remittance in cash at any Western Union retail location.

WU and Cuentas Bridge Digital and Retail Money Transfer Worlds for Latino Community

The agreement harnesses the power of Western Union’s vast omnichannel cross-border money transfer capabilities with Cuentas’ convenient mobile banking and payments app for the Hispanic and Latino communities. Together, both companies now offer the ability to send money across electronic and retail channels, while providing a superior customer experience from the time money is sent to when it is received.

Remittances to Mexico hit an all-time high in 2021, with more than $4 billion sent from the U.S. to Mexico each month – the single largest flow of remittances in the world,” said Cuentas CEO Jeff Johnson. “With the integration of Western Union into the Cuentas mobile banking app, our customers now have an easy and affordable way to send money not only to Mexico but worldwide as well.”

Cuentas’ mission to increase its customers’ access to digital and traditional financial services meshes perfectly with Western Union’s ability to provide efficient and convenient cross-border money transfer capabilities,” said Molly Shea, Head of Western Union’s North America business. “By offering our powerful platform and network to third parties, we are reaching more customers, connecting families and communities, and improving lives through financial inclusion.”

Available in the Apple App Store and the Google Play store, the Cuentas App is the convenient mobile banking app that gives consumers access to their money, their way. Cuentas cardholders can send money to other Cuentas cardholders with no fee, access exclusive cardholder discounts and get access to their money up to two days faster when they directly deposit their wages or government benefit checks.

About Cuentas

Cuentas, Inc. (NASDAQ:CUEN & CUENW) is a fintech e-banking and e-commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant populations including mobile and online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.

For more information, please visit cuentas.com.

Forward-Looking Statements

This news release contains “forward-looking statements“, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “believe“, “plan“, or “expect” or similar statements are forward-looking statements.

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OMRON announces long term vision “Shaping the Future 2030”

-Targets 930 billion yen net sales and 120 billion yen operating income in the 1st phase (FY 2024)

KYOTO, Japan, March 9, 2022 /PRNewswire/ — OMRON Corporation (HQ: Shimogyo-Ku, Kyoto. President and CEO: Yoshihito Yamada) has announced its new long-term vision for fiscal 2030, and the three-year medium-term management plan in a virtual press conference held today. With an objective to strengthen the pace & expanse of worldwide sustainable development, the vision strives to solve more & diverse social issues through OMRON’s Sensing & Control + think technologies, as explained by its President and CEO Yoshihito Yamada.

Named as “Shaping the Future 2030 (SF2030)”, the vision is an extension of the organization’s renowned corporate principles-based management philosophy that underscores OMRON’s sincere desire to shape a sustainable society through continuous creation of social as well as corporate value via integration of business growth and sustainability.

Keeping in sync with the dynamic nature of the socio-economic environment, over the last 89 years of its inception (since 1933), OMRON has been flourishing and sustaining its growth by living up to its vision of contributing towards creation of a better society via solving social issues through industrial automation, healthcare and social systems solutions.

Envisioning that the upcoming decade is going to indicate the advent of ‘autonomous society’ [1] and unfold many more diverse & complex social issues, OMRON’s long term vision, SF2030 enumerates the ways to maximize human capabilities through people-oriented automation technologies. This encompasses creation of more harmonious & stronger relationships between humans and machines. The company believes that this harmony is the key to bring out the best in people helping them to solve issues and lead more fulfilling and better lives. This will in turn drive the company create newer corporate and social values enabling it to sustain & strengthen its purpose of existence.

“Though we have been able to bolster our profitability, our responsive to change, implementation of sustainability management and our corporate value through reinforced corporate governance and risk management, the socioeconomic system remains dynamic and continues to undergo major changes. We aim to create a strong autonomous growth model and further evolve our corporate management to ensure a sustainable business growth,” says Mr Yoshihito Yamada, President and CEO, OMRON Corporation.

Recognizing the imminent transition in the economic systems – from mass consumption & production to pursuit of global sustainability as one of the major transformations in the Autonomous society, Mr Yamada further explains, “The transition will be accompanied with disruptions in the social systems led by many factors such as climate change, aging population, and growing economic disparity among individuals to name just a few. This scenario will give rise to new and complex social issues which will need newer tech-enabled and sustainable solutions. And this is where we aim to enhance our contribution. If we do so, we will not only create more social value but will also maximize our corporate value automatically.”

The three social issues that OMRON has identified as relevant opportunities and aims to address through its businesses in SF2030 are achievement of carbon neutrality, realization of a digital society, and extension of healthy life expectancies.

The company aims to clock in net sales of 930.0 billion yen and operating income of 120.0 billion yen (FY2022-FY2024) – the 1st phase of SF2030 three-year medium-term management plan – by pursuing the following business directions for the identified social issues:

  • Industrial automation: The business will catalyze advancement of manufacturing that is well prepared to support a sustainable society. Continuing with its focus on easing labor shortages, and enhancing productivity in various industries, OMRON will evolve its innovative-Automation approach with the aim of building a production floor that shapes a sustainable future where both harmony with the global environment and worker satisfaction are achieved.
  • Healthcare : Buoyed with the great progress of its ongoing “Zero Events” direction (the efforts to reduce events of cardiovascular disease to zero) OMRON will intensify its focus in preventive & remote healthcare monitoring domain while continuing to advocate the adoption of home-use medical devices and data-based hypertension management ensuring more accessible healthcare and healthier lives for people across the globe.
  • Social Solutions : Contributing to the adoption and efficient use of renewable energy, OMRON will help to create a sustainable infrastructure to support the digital sustenance of the upcoming autonomous society. OMRON will use its advanced energy control technology for energy harvesting, conservation & optimization.
  • Device & module solution domain: OMRON will make more contributions to the spread of new energy and high-speed communication via enabling the creation of sturdier, advanced, and more efficient devices making lives of people easier and better.

Along with financial milestones, the company has also enlisted 10+1 non-financial targets as part of its management goal. These non-financial targets have a relevant connect with many Sustainable Development Goals (SDGs) & needs of local communities underlining the alignment of the company’s commitment to society.

In order to support these ambitious directions, OMRON aims to bring in strong transformations in its corporate management and organizational capabilities too. Here is a low-down of the key initiatives :

  • Making a shift from product to essential value perspective : The organization is going to work towards shifting its perspective from just creating performance and quality-based value to creating essential value that will provide users much more proposition than solving just immediate operational issues. It will help them to be a part of the development of the solutions answering larger social and industrial issues.
  • Evolution of business models : The company aims to upscale the expanse of its collaborations and networking with like-minded organizations, and business associates to come up with better & newer solutions.
  • More attention towards “diversity & inclusion” : Believing that its human resources are the key to bringing SF2030 to success, this includes investment in talent development, and nurturing a psychologically safe and inclusive organizational work culture encouraging diverse individuals to manifest their talents, and abilities to create innovations.
  • Improving supply chain resilience: to help endure rapid changes in the business environment, such as natural disasters and geopolitical risks. It also includes endeavors to increase operational efficiency, improvement in design development prowess and decentralization of production sites.
  • Strengthening sustainability initiatives : To make businesses achieve carbon neutrality, reduce their environmental impact via targeted greenhouse gas emission reduction, and respect human rights on a global scale. By prioritizing these mandates, OMRON will not only fulfill its corporate social responsibilities, but also sharpen its competitive edge by adding “environmental & human value”.
  • Accelerating “data-driven corporate operations through DX” : to support business transformation and empower its people with a robust, safe, and progressive workstyle based on digitalization.

“With SF2030, our aim is to shape a better society and while doing so become a corporate group that people can always depend on. An organization that continues to live up to the high expectations of people from around the world,” sums up Mr Yamada.

[1] : According to the SINIC theory, conceptualized by OMRON’s founder Kazuma Tateisi, the Optimization Society – the final phase of the Industrialized Society – began in 2005, following on from the Information Society, and this will subsequently shift to the Autonomous Society by 2025. The Autonomous society will be characterized by human desires aiming to realize abundant lives and self-fulfillment based on harmonious relationship between people and machines. Read more here

Editor’s note :

  1. More details on SF2030 & Medium-Term Management Plan : please access here

About OMRON :

OMRON Corporation, as a leading company in the field of automation, which features its unique “Sensing & Control + Think” core technology, is engaged in a broad spectrum of businesses, including control equipment, electronic components, social systems, and healthcare. Founded in 1933, OMRON Corporation currently employs approximately 30,000 people and provides products and services in around 120 countries and regions around the world.

For more details, please go to: https://www.omron.com/global/en/

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)