Month: April 2022

• Over one lakh students will participate in the drive
• Approx. 100 tons of waste will be collected and prevented from ending up in an unprocessed form in landfills

Blue Planet Skills announced the launch of a Collective Responsibility Drive in association with the Department of Education, Government of Delhi (South Delhi) under which the drive reach over 72 schools to encourage environment conscious waste management behaviours among students. The drive is expected to see participation from approximately 100,000 students.

Dr. Harsha Arya, Dy. Director of Education, South Delhi; Mr. Harsh Mehrotra, Co-founder and Chief Executive Officer of Blue Planet Skills; and Mr. Prashant Singh, Co-founder and Chief Executive Officer, Blue Planet Environmental Solutions at the launch of Blue Planet Skills Collective Responsibility Drive

Under the collective responsibility drive, students will be trained in the segregation and collection of plastic and paper waste in a safe environment. Keeping with Blue Planet Skills values of ensuring zero waste to landfills, upcycling waste, and the creation of a circular economy; this waste will then be upcycled into plastic benches and notebooks.

Sharing his views on the launch, Dr. Harsha Arya, Dy. Director of Education, South Delhi, said, “The South Delhi Municipal Corporation has always laid an emphasis on promoting environmental conservation. It is imperative that we ensure that our future generations are made aware of the importance of proper waste management and environment conservation activities. Through this association, we look forward to inculcating these behaviours in our students, so that they can take on the role of ambassadors to promote a cleaner and greener future for everyone.”

Students participating in the drive will be awarded a ‘Planet Warrior’ certification as well as a ‘Planet Warrior’ medallion. Furthermore, schools that will perform as per agreed parameters will also be awarded trophies in recognition of their achievements.

Speaking on the launch, Mr. Harsh Mehrotra, Co-founder & Chief Executive Officer of Blue Planet Skills, said, “Blue Planet Skills is committed to bringing about a large-scale, environmentally positive behavioural change in communities. We truly believe that this change will be instrumental in ensuring that we protect our planet and create a memorable legacy for our coming generations. We thank the South Delhi Municipal Corporation for this opportunity and look forward to working closely with them to deliver a positive and long-lasting behavioural and environmental impact.”

Through this drive, it is estimated that approximately 100 tons of waste will be collected and prevented from ending up in an unprocessed form in landfills.

Mr. Prashant Singh, Co-founder & Chief Executive Officer, Blue Planet Environmental Solutions said, “Blue Planet has always ensured that our business operations add value to the triple bottom line of ‘people, planet, and prosperity’. Our vision is to ensure a zero waste to landfill ecosystem that has a truly net zero impact. By enriching our communities with the knowledge and expertise in environment-positive behaviour, we are working towards the holistic creation of a circular economy. I am confident that this association between Blue Planet Skills and the Department of Education, Government of Delhi (South Delhi) will deliver a tangible positive impact and will create a generation of environmentally conscious individuals, who will continue to work towards protecting our planet.”

Blue Planet skills has so far launched other such Collective Responsibility Drives with City Montessori School in Lucknow that has engaged over 25,000 students, and with VSIT Mumbai and engaged 1000 students under this drive. Furthermore, Blue Planet Skills has also partnered with leading corporates and international organizations such as UNICEF, Mylan Laboratories Ltd., Tata Motors Etc for Collective Responsibility Drives.

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Continued momentum in the creation of SaaS unicorns will propel India to surpass China and become the 2nd largest SaaS nation in the world Venture Capital investments will continue to flow into SaaS companies and is projected to touch USD $ 6.5 Bn, a 55% increase over last year’s investments of USD $ 4.2 Bn Cloud Security and Web3 are emerging as key areas of interest for investors within SaaS BANGALORE, India, April 21, 2022 /PRNewswire/ — The Indian SaaS juggernaut is experiencing a ‘coming-of-age’ moment, with an incredible bull run that has firmly anchored its position on the global stage. The SaaS industry is set to clock in a massive USD $ 100 Bn in revenues by 2026. This was underscored by the 2022 edition of the Chiratae-Zinnov India SaaS report titled, “India SaaS – Punching Through the Global Pecking Order.” As the industry has matured, profitability has become a realistic milestone for SaaS companies, and they have cracked the Enterprise conundrum with over 40% revenue contribution. On the global stage, India is gearing to supersede China as the second largest SaaS nation in the next few years. Key Facts and Figures SaaS Industry: 1,150+ Active Firms, USD $8 Bn revenue in 2021, expected to cross the USD $100 Bn milestone by 2026 India on track to leapfrog China and become the 2nd largest SaaS nation by 2026 Next wave of digital talent expected from tier-2 and tier-3 cities Investments in Indian SaaS grew 3X to over USD $4 Bn in 2021; expected to top USD $6.5 Bn this year The report identifies the key attributes that have accelerated the success of the SaaS industry – ‘SPARK’ – Supportive Policies, Proven Global Caliber, Abundant Liquidity, Rearing Domestic Talent, and Kindled Exit Options. Today, leading SaaS firms have been at the forefront of localizing innovation by putting robust engineering and product teams in the top markets that they are catering to. The focus for the firms is to capitalize on the overall value delivered to consumers, thus improving their propensity to pay. The early SaaS companies are attracting unicorn valuations and also successfully listing on the public markets. These successes, coupled with stronger fundamentals and the path to profitability, are making SaaS companies in India an attractive investment theme. The industry aims to attract a strong private capital infusion of close to USD $ 6.5 Bn in the coming year alone, notes the report. Key findings on the year gone by Indian SaaS witnessed massive growth at a ~55% CAGR in 2021, with revenues well-poised to cross USD $ 100 Bn by 2026 The next wave of digital talent is expected from tier-2 and tier-3 cities; a vast pool of ~3 Mn+ digitally skilled workforce will be the perfect munition for SaaS companies to scale up in the coming years The tremendous growth in the sector as well as the significant reduction in the time to achieve unicorn status have created ~90% of all SaaS unicorns in the last four years alone, with the potential for many more in the offing, thus adding to a large pool of Soonicorns Post surpassing UK this year in the number of SaaS unicorns, India is all set to leapfrog China and become the 2nd largest SaaS nation by 2026 The various pro start-up policies will play a key role in attracting more founders and investors. On the launch of this report, Sudhir Sethi, Founder and Chairman, Chiratae Ventures, stated, “India is a global SaaS leader, and Chiratae Ventures has been fortunate to be at the center of this surging momentum, with over 35 SaaS companies in our portfolio like Uniphore, which recently raised USD $ 400 Mn, and others like Pixis, Hevo Data, Healthplix, CropIn, Pando, Deepfence, and Squadcast which are valued over USD $ 3.5 Bn and last year overall raised USD $ 600 Mn. Chiratae predicts that investments in Indian SaaS will continue to grow at a massive pace with the revenue poised to cross USD $ 100 Bn by 2026.” Pari Natarajan, CEO, Zinnov, said, “2021 was a watershed year for Indian SaaS – including exponential valuations, successful IPO debuts, a vast influx of VC investments, and an unprecedented number of unicorns. Not only have Indian SaaS companies come of age, but they have also been at the forefront of creating new for India and new for the world products, led by visionary founders and a critical mass of engineering and product teams serving this purpose. All this has firmly put Indian SaaS on the global stage, and on the path of crossing the milestone of USD $100 Bn in revenue by 2026. In fact, India is fast emerging as a clear leader in SaaS, and will supersede China to become the second largest SaaS nation in the next few years.” The report identifies Cloud Security, Cloud-Native Enablers, Hyper Intelligent Automation, Web3, and Verticalized solutions as key areas of interest for investors in 2022 and beyond. Some of the key SaaS categories expected to gain traction in 2022 and beyond are: Cloud-Native is an approach to building and running applications as a Cloud-based delivery model, which is expected to accelerate modern application development based on its various advantages. VC investments in this space are exceeding USD $ 7 Bn in funding, giving rise to many unicorns in the segment Hyper Intelligent Automation, the new avatar of Automation, has become a top CXO priority within enterprise digital transformation charters. With a 15-20% growth forecasted in digital transformation spend, Automation platforms are attracting immense interest from investors Cloud Security, the fastest growing segment within Enterprise Cybersecurity in 2021, witnessed a staggering 6X growth in funding, especially across growth-stage deals Web3, based on Blockchain, is another segment garnering a lot of attention from investors. Perceived as a compelling SaaS opportunity, areas such as Data Analytics, DevTools, and Security have bubbled up Verticalized SaaS is also gaining popularity for solving industry-specific use cases. The global VC funding in this category exceeded USD $ 11 Bn in 2021 About Chiratae Launched in 2006, Chiratae Ventures India Advisors is India’s leading technology Venture Capital funds advisor. The funds advised by Chiratae Ventures India Advisors collectively have close to $1Bn under management and 110+ investee companies across SaaS, Consumer Media & Tech, Health-tech, and Fin-tech. The fund has been an early backer of Cure.fit, FirstCry, Flipkart, Globalbees, Lenskart, Manthan, Myntra, PolicyBazaar and has invested in leaders like AgroStar, Bizongo,Bounce, Cropin, EarlySalary, GoMechanic, HealthifyMe, Hevo Data, Pyxis, Uniphore Vayana, amongst others. Chiratae closed its fourth fund, oversubscribed at $337 million in 2021. The team has delivered value for its investors through the years with over 40 exits, 3 IPOs and 8 Unicorns, with more round the corner. www.chiratae.com About Zinnov Founded in 2002, Zinnov is a global management and strategy consulting firm, with a presence in New York, Santa Clara, Houston, Chicago, Bangalore, Gurgaon, and Paris. Over the past 20 years, Zinnov has successfully consulted with over 250+ Fortune 500 enterprises to develop actionable insights to help them accelerate value creation – across dimensions of both revenue and optimization. With core expertise in Digital Engineering, Digital Transformation, Innovation, and Outsourcing Advisory, Zinnov assists clients by: Advising global PE firms in asset shortlisting and target evaluation, commercial due diligence, and value creation; Structuring and implementing Digital Transformation levers enabled by technologies like AI/ML, Cloud, IoT, and RPA; Helping global companies outline and drive their open innovation programs, design and operate accelerator programs, and enable collaboration with start-ups across specific use cases and predefined outcomes; Enabling global companies to develop and optimize a global engineering footprint through center setups, and technology and functional accelerators to achieve higher R&D efficiencies, innovation, and productivity; Growing revenue for companies’ products and services in newer markets through account intelligence, market-entry, and market expansion advisory. With their team of experienced consultants, subject matter experts, and research professionals, Zinnov serves clients from across multiple industry verticals including Enterprise Software, Hi-Tech, BFSI, Healthcare, Automotive, Retail, and Telecom in the US, Europe, Japan, and India. For more information, visit http://zinnov.com. Logo: https://mma.prnewswire.com/media/694742/Zinnov_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)

An initiative by ACIC, Propel Incubators at BML Munjal University to fuel new ideas and innovations of young startups

• The pitchfest to include contests for startups with basket worth INR +15 lacs
• The two-day fest will host panel discussions, master class,pitching contest sessions
• The fest will bring forth a track on startups with women founders

BML Munjal University (BMU), a Hero Group initiative, is organizing Propel Pitchfest22 on April 20^th-21^st, 2022. The pitchfest, in its third edition, is a platform provided by the Atal Community Innovation Center (ACIC) and Propel Incubator at BML Munjal University to encourage new ideas, innovations, and young startups. The networking platform will facilitate the attending startups to interact with successful entrepreneurs, investors, and thought leaders of the startup ecosystem.

Dr. Chintan Vaishav, Mission Director, Atal Innovation Mission (AIM) at NITI Aayog will address the 3rd season of Propel Pitchfest as the keynote speaker. The Propel Pitchfest22 to include pitching contests for startups with prize baskets worth INR +15 lacs (+1.5 Mn) and a track on startups with women founders. The pitching contest will invite young startups led by students (both studying and recently graduated) and accept entries through Dare2Compete. The three categories to be included for the contest are-Product Based Startup, Service Based Startup, Women Founded Startup. The winners of the contest will not only get cash awards but also get incubation support from ACIC-BMU | Propel Incubator @BMU, an opportunity to pitch to various angel investor networks-namely Lead Angels, ah! Ventures, IAN. The winning start-ups will also get access to numerous benefits through the Passport by TheOneValley, membership to TiE Delhi etc.

Panel discussions on Building Successful Start-Ups with Purpose will also be held with Bala Sarda, Founder Vahdam Tea, Ariba Khan, Founder-Jumping Minds, Meghana Narayan, Founder-Slurrp Farm, Utkasrh Singh, Founder-BATX Energies along with the other thought leaders of the start-up ecosystem.

India is the 3^rd largest startup ecosystem, there is a current momentum in the ecosystem where entrepreneurs, investors and central and state governments are together putting investments in creating startup hubs and promoting the spirit of innovation and entrepreneurship. It is a win-win for all when universities and educational institutes are aligned together to this objective as well.

Talking about the Propel Pitchfest of 2022, Prof. Davinder Singh, CEO, ACIC-BMU Foundation, In-charge of Incubation and Associate Professor, BML Munjal University said, “We’re excited to announce this year’s Propel Pitchfest22. As India aspires to be the world’s number one start-up ecosystem, we at BMU consider innovation integral to business, as a university we are happy to provide a platform to the budding entrepreneurs of our nation. This is an opportunity for the leaders of tomorrow to showcase their entrepreneurial prowess and utilize the propel platform as a helipad for some of their greatest ideas to take off.”

To know more about the propel pitchfest, please visit: Dare2Compete (D2C)

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Librestream’s Onsight solution, the leading augmented reality platform, set to support ReNew Power’s sustainability and clean energy efforts in India

MUMBAI, India and WINNIPEG, MB and RALEIGH, N.C, April 19, 2022 /PRNewswire/ — Librestream, the #1-rated remote technology platform for the industrial deskless workforce, today announced ReNew Power (‘ReNew’), the leading renewable energy company in India, will leverage Librestream’s Onsight augmented reality (AR) solutions for their workforce. The AR solution incorporates remote working capabilities that will enable ReNew experts to support field service teams while maintaining safer hands-free operations.

On the heels of India announcing targets to achieve 500 gigawatts of non-fossil fuel electricity capacity and derive 50 percent of energy from renewable resources by 2030, ReNew Power is taking major steps in its commitment to lead India’s transition away from fossil fuels and meeting the rising demand for energy in a sustainable manner by delivering cleaner and smarter energy choices. To achieve these goals in its sustainability roadmap, the company identified Librestream products and services as supporting the enhancement of their wind and solar operations. Librestream’s technology will also address the challenge of low network connectivity, and limited availability of specialized workers, and will help achieve seamless connectivity between remote experts and field technicians.

ReNew currently has operational projects spread throughout over 100 sites within 9 states across India and continues to expand. Librestream will enable the power giant to drive increased sustainability results leveraging AR and remote video collaboration services.

Energy initiatives are global in nature; according to Gartner®, by 2025, 50 percent of the world’s 500 largest technology and service providers will use a demonstrated commitment to net-zero emissions as a supplier selection criterion – up from 3% today. Remote expert technologies play a critical role in achieving these goals. Onsight offers capabilities for holistic remote collaboration between workers, contractors, and subject matter experts (SMEs), ensuring organizations can reduce unnecessary travel to locations when an issue can be resolved remotely. In turn, it helps decrease their carbon footprint, enhances productivity through just-in-time learning and training, and furthers safety for the deskless workers.

“We are excited to work with ReNew Power and help them achieve their long-term sustainability efforts and goals,” said Mike Murphy, VP of Global Markets at Librestream. “Today, organizations are increasingly adopting AR solutions to meet their renewable energy goals and overcome the challenges associated with achieving them. At Librestream, we are committed to helping drive operational efficiencies, workforce resiliency, safety, and enhance onboarding and training to ensure deskless workers can operate at the highest level.”

Visit Librestream’s booth at the Windergy India 2022 trade show and conference April 27-29, 2022 in New Delhi to learn how Onsight Connect can support your organization.

Gartner research attribution: Gartner, Tech Providers 2025: Competing in the Age of Climate Change and Radical Decarbonization, Refreshed 16 February 2022, Published 19 October 2020, By Annette Zimmermann, Aapo Markkanen. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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Honeyy Group, a leading real estate developer, announced the launch of 33 projects in one day – 24 in Andhra Pradesh and 9 in Telangana. The projects were to be launched in various parts of Andhra Pradesh and Telangana. The Group’s Chairman & Managing Director, Mukka Obul Reddy, along with his team, launched these projects from different locations and made the announcement on social media. These projects include 33 projects in the residential sector launched in major cities such as Visakhapatnam-15, Kakinada-2, Rajahmundry-4, Vijayawada-3, and Hyderabad-9. The projects were launched in the presence of the company’s employees, site owners and people from all walks of life.

Honeyy Group Chairman & MD, Mukka Obul Reddy, with his team at Bhoomi Pooja

When we say that the construction industry is going to be revolutionized, we have actually started the revolution. “As an industry, we have been looking at ways to improve the quality of homes and buildings while keeping the prices affordable. We have finally found a solution, Honeyy Group has been pushing the envelope on what is possible.” Honeyy Group’s Chairman & Managing Director, Mukka Obul Reddy reflects on the latest changes and trends in the Real Estate and Construction industry.

In 2022, the real estate industry is seeing an unprecedented change in the way people build, sell and live in homes. On the 16th of April, 2022, with the launch of 33 projects in one day, Honeyy Group set a benchmark for the construction industry. They have been able to achieve this by using a number of innovative techniques to design, construct, and manage buildings. This is a first-of-its-kind new initiative by Honeyy Group, that brought to the limelight the idea of having homes built according to the owner’s preferences. They are positively disrupting the way construction works are done in India.

Honeyy Group is a leading real estate developer company with 17 branches, 500+ employees and over 500 projects, operational across Andhra Pradesh, Telangana and Karnataka. The company provides end-to-end solutions in the property buying process including financial services and free of cost services that include showcase of a variety of projects in Andhra Pradesh, Telangana and Karnataka. The Company’s construction wing, Honeyy Constructions undertakes projects that include affordable housing projects as well as luxury residences. Honeyy Group employs experienced Structural Engineers, Architects, Project planning and execution teams, building world-class projects at reasonable costs.

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Government of Assam invites CtrlS to build a Rated-4 Datacenter in Tech City Park

GUWAHATI, India, April 18, 2022 /PRNewswire/ — The Honourable IT Minister of Assam, Shri. Keshab Mahanta today laid the foundation stone of the Rated-4 Datacenter, first major IT investment in Assam by CtrlS Datacenters Ltd – Asia’s Largest Rated-4 Data Center in Tech City Park, Guwahati in the presence of Shri. Himanta Biswa Sarma, Chief Minister of Assam, Shri.  Ramendra Narayan Kalita, Chairman, Amtron, Shri. Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters, and Shri. Anurag Goyal, IAS, Principal Secretary, Assam.

As a part of its commitment to accelerate the Digital India initiative, CtrlS has been expanding its data center footprint across the metros, secondary metros and deploying edge data centers in tier-2, tier-3 and tier-4 cities across the country.

CtrlS’ expansion into Assam is aligned with ‘Digital Assam’ initiative of Government of Assam to transform the State into a digitally empowered society and knowledge hub for better economy by increasing digital literacy rate in rural area, spreading penetration of internet connectivity up to household level, making Government services and information easily available through digital devices to the citizens and bringing efficiency and transparency in governance using Information Technology.

The company is setting up its Rated-4 Datacenter in Guwahati to provide best-in-class colocation services for cloud, e-commerce, digital payment, digital classroom, OTT, CDN, ISPs, smart cities etc to support the Government of Assam, enterprises, and SMEs across the Northeast through its data center and related technology services such as colocation, private/hybrid cloud, managed services, work area recovery, business continuity, disaster recovery, SD-WAN, connectivity services, bringing speedy connectivity to netizens in Assam and Northeast India.

Shri. Himanta  Biswa Sarma, Honourable Chief Minister of Assam, said, “India, in many ways, is at the forefront of the digital revolution and it is my vision that the State of Assam will  play an important role and be a visionary and lead the digitization journey in the country. Our government aims to digitally empower every citizen, accelerate economic competitiveness, boost local innovation, enhance quality of life of citizens and become a knowledge and technology hub of the country. We are happy that CtrlS too shares our vision and is working closely with us to reach our desired goals.”

Honourable IT Minister of Assam, Shri. Keshab Mahanta during the stone laying ceremony said, “I am delighted that CtrlS, Asia’s Largest Rated-4 Hyperscale Data Center is setting up its data center facility in Guwahati aimed at helping process data closer to the end-user, powered by lower latency and high speed. The company will play a key role in enabling real-time data processing of applications such as internet of things, OTT, cloud ecosystems, autonomous vehicles, telecommunications, smart cities, digital factories, telemedicine, connected networks among others. CtrlS will add economic value to the State of Assam besides attracting local talent for its data center expansion. It will also attract other global technology players host their data and applications locally.”

He further added, “The vision outlined by our Honourable Chief Minister will help harness the power of digital transformation to accelerate economic growth and social progress in the State. We are happy to have CtrlS onboard as our partner and we are certain to benefit from the experience and expertise CtrlS brings through the numerous data center projects it has undertaken globally. We are also planning to release the most investor-friendly State DC policy in India in the next few days, which should help attract more investors.”

The company’s new data center in Guwahati will be spread over three acres and will have a capacity to host around 1,000+ racks initially. The rack capacity will be enhanced to 2,000+ racks in the next 12-18  months.

During the ceremony, Shri. Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters said, “We are proud to be associated with the State Government of Assam and work together towards furthering the Digital Assam initiative and thank the Chief Minister of Assam, Shri. Himanta  Biswa Sarma, and IT Minister of Assam, Shri. Keshab Mahanta for the extraordinary support being extended  to us in bringing the Rated-4 data center in Assam. At CtrlS, we stay committed to build world-class data center infrastructure in  the State of Assam and Northeast India and provide best-in-class services to the government, enterprises, small and medium enterprises by bringing the applications closer to the end-users in the State and the northeastern region.”

CtrlS is Asia’s Largest Rated-4 Data Center provider with over 1.2 million square feet of footprint spread across its data centers in Mumbai, Delhi, Bangalore and Hyderabad. The company is currently expanding its footprint to 5 million square feet by adding 2 million square feet in Mumbai,  2 million square feet in Hyderabad and another 1 million square feet in Chennai. The company is trusted by 60 of the Fortune 500 Global Multinationals including some of the most reputed brands such as Exxon Mobil, Walmart, Bank of America, Standard Chartered, Morgan Stanley, Chrysler, Disney, HSBC, Samsung, Honda, FedEx, Panasonic, KIA, Hyundai, SAP and Vodafone.

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As a responsible brand, Okinawa Autotech, one of India’s leading electric two-wheeler companies, today announced that it will recall 3215 units of Praise Pro scooters to fix any issue related to batteries with immediate effect. This is part of its comprehensive power pack health check-up camps. The batteries will be checked for loose connectors or any damage and be repaired free of charge at any of the Okinawa authorized dealerships pan India. The electric 2W maker is working closely with the dealer partners to ensure that the repair experience is as per the convenience of its customers, for which the vehicle owners will be contacted individually.

This voluntary campaign is in the wake of the recent thermal incident and in line with the company’s long-standing commitment to customer safety.

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ANGALORE and KOLHAPUR, India, April 15, 2022 /PRNewswire/ — On 16th of April 2022, Star Air, the aviation arm of Sanjay Ghodawat Group will operate the first direct flight between Belagavi and Nagpur under the regional connectivity scheme UDAN.

With no prior direct flights between the two cities, Star Air will become the first airline in the history of Indian aviation to achieve this remarkable feat. Also known as the Tiger Capital of India or the Orange City, Star Air views Nagpur as a captivating city that is widely famous for its delectable oranges, cleanliness, greenery, IT sectors, tiger reserves, and pilgrim sites. With the launch of a new destination, Star Air allows seamless and direct travel to the tourist destination of Nagpur while it caters to its passenger’s needs with the utmost care and comfort, keeping their best interests in mind.

The launch of the new route heralds the beginning of a new era for Nagpur, as it advocates for better connectivity within the state and the rest of the country. Commenting on the milestone achievement, Mr. Shrenik Ghodawat, Director – Star Air, said, “It gives me immense pleasure to announce that we are now directly connected to Nagpur via Belagavi. We are confident that this new route will not only boost our regional network but also continue to provide better connectivity and strengthen the tourism sector of both cities. We hope to continue connecting to many other regional cities of India in the time to come.”

Star Air will operate twice a week between Belagavi and Nagpur on Tuesday and Saturday. The schedule of these flights has been planned to offer passengers the most reasonable prices under the popular UDAN scheme. This historic flight service between Belagavi and Nagpur covers 762 Kms of air distance, and passengers now just have to spend 1 hour instead of 19+ hours as required from other modes of transportation.

Currently, Star Air offers scheduled flight services to 16 Indian destinations that include Ahmedabad, Ajmer (Kishangarh), Bengaluru, Belagavi, Delhi (Hindon), Hubballi, Indore, Jodhpur, Kalaburagi, Mumbai, Nashik, Surat, Tirupati, Jamnagar, Hyderabad, and Nagpur. For more information, please visit www.starair.in

About Sanjay Ghodawat Group 

Sanjay Ghodawat Group (SGG) is a prominent Indian business conglomerate that has a presence in various high-value business verticals. Aviation, Consumer Products, Education, Energy, Mining, Realty, Retail, and Textiles are some of its key business domains. SGG was founded in 1993 and since then it has witnessed impressive growth under the splendid stewardship of its Founder and Chairman- Mr. Sanjay Ghodawat. It has a strong base of millions of customers globally, an employee strength of over 10,000, and a student base of over 16,000. SGG is moving ahead with great vigour and bringing significant changes in people’s lives with its wide range of high-quality products and services. For more information, please visit www.ghodawat.com

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Earning high returns on investments is a priority for many investors as it helps them get closer to achieving their financial goals. When it comes to investment schemes, most Indian families trust fixed deposits. There may be several reasons why, among which are that this instrument is secure, reliable, and offers steady returns, all crucial factors in any economic climate. Moreover, given the rising FD interest rates, 2022 seems an opportune time to consider adding this instrument to the mix.

In the current digital era, planning investments and financial growth has become much easier! Investors can now use the FD return calculator tools to forecast earnings accurately within seconds. The Bajaj Finance Fixed Deposit is a smart option for investors who want to maximise profits through FD investments. This FD is among the most secure, offers some of the highest rates, and is loaded with value-added features. Here’s how investors can optimise their investments to enjoy high FD rates with Bajaj Finance.

Choose a lengthy tenor of at least 36 months

Bajaj Finance allows investors to choose a tenor ranging from 12 months to 60 months. Individuals below 60 years of age can earn up to 6.80% p.a. interest on the invested amount depending on the tenor they opt for. The trick to accumulating a vast corpus is simple – stay invested for a more extended period. Selecting an FD with a lengthy investment tenor fetches higher interest rates and greater returns. For instance, a tenor between 36 and 60 months has an interest rate of 6.80% p.a. compared to 6.40% p.a. for 24 months to 35 months and 5.65% for 12 months to 23 months.

To better understand the returns for the tenor selected, refer to the tables below.

Consider an investment of Rs. 5 lakh for different tenors for investors below 60 years of age:

Investment tenor	Interest rate	Interest amount*	Maturity amount*
12 months	5.65% p.a.	Rs. 28,250	Rs. 5,28,250
24 months	6.40% p.a.	Rs. 66,048	Rs. 5,66,048
36 months	6.80% p.a.	Rs. 1,09,093	Rs. 6,09,093
60 months	6.80% p.a.	Rs. 1,94,746	Rs. 6,94,746

*Results are calculated using the FD return calculator available on the Bajaj Finance website.

Make monthly contributions via the Systematic Deposit Plan 

The minimum amount to invest in Bajaj Finance Fixed Deposit is Rs. 25,000. Bajaj Finance also offers investors an alternate solution via the Systematic Deposit Plan. Here, investors can opt to invest Rs. 5,000 every month. The SDP works like a SIP, but there is no risk of market volatility or economic fluctuation as each contribution books a new FD at the prevailing FD rates.

This plan has two schemes available, based on which interest payouts and maturity timelines differ. Here is an overview.

• Single Maturity Scheme: The maturity tenor is adjusted for each deposit, and the total maturity amount is paid on a single date. The scheme is ideal if an investor wishes to be paid the whole amount at maturity.
• Monthly Maturity Scheme: Each monthly deposit completes its tenor, and the maturity amount is paid every month. The scheme is ideal for investors who need liquidity to meet their financial requirements during the entire timeline. For instance, young investors looking to start investing will find this option viable while also benefiting from the steady interest earnings every month.

Book the FD as a senior citizen

With a Bajaj Finance Fixed Deposit, senior citizens or people of age 60 years and above get higher returns than people below 60 years. These investors get an additional 0.25% p.a. on the base rate. The difference is significant and can help investors build a sizable corpus efficiently. With the increased FD interest rates, 2022 is an opportune time for senior citizens looking to leverage their savings better. The interest earnings can help investors meet a range of financial goals. Investors can also opt for a non-cumulative payout option and get interest payouts monthly, quarterly, half-yearly or even annually. With proper planning, investors can easily set up an income stream via these payout modes.

Here is a table to showcase the earnings senior citizen investors can expect when booking a Bajaj Finance FD.

Consider an investment amount of Rs. 5 lakh across different tenors:

Investment tenor	Interest rate	Interest amount*	Maturity amount*
12 months	5.90% p.a.	Rs. 29,500	Rs. 5,29,500
24 months	6.65% p.a.	Rs. 68,711	Rs. 5,68,711
36 months	7.05% p.a.	RS. 1,13,381	Rs. 6,13,381
60 months	7.05% p.a.	Rs. 2,02,916	Rs. 7,02,916

*Results are calculated using the FD return calculator available on the Bajaj Finance website.

The digitalisation of the financial sector has simplified investing, and investors can get started with just a few clicks. Booking with Bajaj Finance is also simple and can be completed in minutes. Investors can invest online by filling out a simple form and can use UPI or net banking to complete the process.

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