| MUMBAI, India, July 22, 2022 /PRNewswire/ — PayMate India Limited (“PayMate“), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains[1], has integrated the capability to make utility bill payments using commercial credit cards as a new feature on its platform.
PayMate’s customers[2] and users[3] can make utility bill payments such as landline bills, electricity bills, water bills, broadband bills, among others along with their other statutory and vendor payments. Speaking on this, Ajay Adiseshan, Managing Director and Chairman, PayMate says, “Due to the COVID-19 pandemic, businesses faced challenges with traditional methods of payments. By adding Utility bill payments on the PayMate platform, we have created yet another avenue for PayMate’s customers to use commercial credit cards; ultimately providing a fully integrated B2B payments stack to our customers[4].” From April to December 2021, PayMate processed ₹22,467.92 million of direct tax payments and ₹99,929.67 million of GST payments on its platform through commercial credit cards, while the overall commercial credit card processing TPV[5] increased from ₹187,142.31 million in Fiscal 2021 to ₹464,766.45 million. As of December 31, 2021, the total number of Customers and Users using the PayMate platform is 166,811. PayMate is also a Visa-certified Business Payment Solution Provider (BPSP) in the UAE and is also aiming to expand into other parts of Central Europe, the Middle East and Africa (“CEMEA”) region. PayMate has a relationship with Visa, pursuant to which Visa facilitates introductions of PayMate to Visa issuing financial institution partners, and PayMate will ensure that commercial credit cards processed through PayMate’s system are Visa cards for certain international territories agreed with Visa. This press release does not constitute an offer or a solicitation of an offer of securities of PayMate (the “Securities”) in the United States. The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States, and such Securities may not be offered, sold or otherwise transferred in the United States absent registration under the Securities Act or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements thereof and applicable state or local securities laws of the United States. About PayMate India Ltd. PayMate is a leading B2B payment and services provider that digitizes, automates and streamlines business-to-business payments in supply chains. The PayMate platform provides upgradation from traditional paper-based workflows to software-driven workloads with digital payment streams like digital invoicing and several complementary features. The company has a presence in South Asia (India) and UAE and is aiming to expand across CEMEA. PayMate has been awarded ‘Best Fintech in Payments’ by BT-KPMG Best Bank and Fintech Jury Awards 2021. For more information, visit www.paymate.in or follow us on Twitter – @PayMate_In. “PayMate India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (“Offer”) and has filed a Draft Red Herring Prospectus dated May 28, 2022 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com and the respective websites of the book running lead managers to the Offer, ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and SBI Capital Markets Limited at www.icicisecurities.com, www.business.hsbc.co.in/en-gb/in/generic/ipo-open-offer-and-buyback, www.jmfl.com, and www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision.” Disclaimer for the offer materials: The market information in the Report is arrived at by employing an integrated research methodology which includes secondary and primary research. RedSeer’s primary research work includes surveys and in-depth interviews of consumers, customers and other relevant ecosystem participants, and consultations with market participants and experts. In addition to the primary research, quantitative market information is also derived based on data from trusted portals and industry publications. Therefore, the information is subject to limitations of, among others, secondary statistics and primary research, and accordingly the findings do not purport to be exhaustive. RedSeer’s estimates and assumptions are based on varying levels of quantitative and qualitative analyses from various sources, including industry journals, company reports and information in the public domain. RedSeer’s research has been conducted with a broad perspective on the industry and will not necessarily reflect the performance of individual companies in the industry. RedSeer shall not be liable for any loss suffered by any person on account of reliance on the information contained in the Report. While RedSeer has taken due care and caution in preparing the Report based on information obtained from sources generally believed to be reliable, its accuracy, completeness and underlying assumptions are subject to limitations like interpretations of market scenarios across sources, and data availability, amongst others. Therefore, RedSeer does not guarantee the accuracy or completeness of the underlying data or the Report. Forecasts, estimates and other forward-looking statements contained in the Report are inherently uncertain and could fluctuate due to changes in factors underlying their assumptions, or events or combinations of events that cannot be reasonably foreseen. Additionally, the COVID-19 coronavirus pandemic has significantly affected economic activity in general and it is yet to be fully abated. The forecasts, estimates and other forward-looking statements in the Report depend on factors like the recovery of the economy, evolution of consumer sentiments, the competitive environment, amongst others, leading to significant uncertainty, all of which cannot be reasonably and accurately accounted for. Actual results and future events could differ materially from such forecasts, estimates, or such statements. The Report is not a recommendation to invest/disinvest in any entity covered in the Report and the Report should not be construed as investment advice within the meaning of any law or regulation. Without limiting the generality of the foregoing, nothing in the Report should be construed as RedSeer providing or intending to provide any services in jurisdictions where it does not have the necessary permission and/or registration to carry out its business activities in this regard. No part of the Report shall be reproduced or extracted or published in any form without RedSeer’s prior written approval. For more information, please write to Hemchandra Shetty Email: hemchandra@conceptpr.in [1] Source – RedSeer report titled ‘Opportunities in B2B Payments in India’, May 2022 Logo: https://mma.prnewswire.com/media/1864634/PayMate_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) |
Month: July 2022
Dell Technologies Launches Modern Storage Innovations with New Levels of Automation, Security and Multi-Cloud Flexibility
News summary
- Dell introduces software-driven storage innovations that provide intelligent insights, security, and increased productivity
- Dell PowerStore software updates help businesses boost workload performance, increase flexibility for innovation, and extend adaptable software architecture
- Dell PowerMax software delivers comprehensive cyber-resiliency to help businesses protect mission-critical data
- Dell PowerFlex introduces file services to simplify workload consolidation and adds file support for all major container orchestration platforms
- Dell Technologies makes this key announcement following the launch of Dell Unity XT’s latest Operating Environment (OE) 5.2 which helps perform online data-in-place controller upgrades when more performance, capacity and system limits are required ensuring their initial investment is protected and simplifies capacity expansion, data recovery, storage capacity utilisation and expands topologies for data recovery
- As per IDC, Dell Technologies continues to be the No.1 external storage solutions provider for enterprises in India with 26.2% market share (In terms of Vendor revenue), in Q1 CY2022 i
Full story
Dell Technologies (NYSE: DELL) launches software-driven modern storage solutions across its industry-leading[i] storage portfolio to drive increased intelligence, automation, cyber resiliency and multi-cloud flexibility. These advancements will give businesses a secure and flexible environment to derive critical insights to grow in the digital era.
“With dynamic changes like remote working, higher volume of data transactions, use of newer applications and increased IT workloads across industries, businesses in India must heed to the urgent need of upgrading their mission-critical infrastructure to succeed in the competitive landscape. Our storage advancements are aimed at helping businesses prepare for today and tomorrow’s business challenges”, said Manish Gupta, Vice President & General Manager, Infrastructure Solutions Group, Dell Technologies India. “Businesses with a future-driven outlook in the age of digital progress have the unique opportunity to avail our industry-leading offerings such as Dell PowerMax, Dell PowerStore and Dell PowerFlex which give them better cyber-resiliency and optimize their processes across environments. We are committed in supporting our customers realize real-time growth in their digital transformation journey and our newly launched storage innovations are designed to help businesses achieve this goal”, he added.
The introduction of these new storage innovations comes at a time when Dell continues to lead the storage market. According to IDC Worldwide Quarterly Enterprise Storage Systems Tracker Q1 2022, Dell Technologies is the No.1 external storage solutions provider for enterprises in the country with 26.2% market share (in terms of vendor revenue).
Dell PowerStore, the fastest ramping new architecture in company history, is aimed at keeping businesses future-ready at all times. The upgrade will allow low-latency end-to-end NVMe connectivity using existing infrastructure. The advanced Dell PowerStore will deliver up to a 50%[ii] mixed workload performance boost and up to 66%[iii] greater capacity ensuring higher continuity in businesses. The latest launch will enable businesses to derive insights from data residing at any cloud environment making breakthroughs possible for organizational growth.
Dell PowerMax, continues to be the world’s most secure mission-critical storage[iv] solution for businesses in a Zero-Trust environment. The new upgrades will introduce cyber resiliency advancements including cyber vaults for traditional and mainframe deployments. Dell PowerMax becomes industry’s first end-to-end automated NVMe/TCP deployment solution for businesses. Additionally, CloudIQ ransomware capabilities help detect cyberattacks early to minimize exposure and speed recovery. PowerMax offers up to 65 million secure snapshots to improve cyber recovery and increases efficiency with new 4:1 data reduction guarantee[v] while being a pioneer solution for data compression for mainframe storage. With these advancements, the Dell PowerMax becomes an intelligent and innovative storage infrastructure which gives fully automated AI/ML performance optimisation.
Dell PowerFlex software-defined infrastructure consolidates traditional and modern workloads with new file services that allow for unified block and file capabilities on a single platform. PowerFlex simplifies multi-cloud and DevOps with the broadest file and block[vi] support for all major Kubernetes and container orchestration platforms from Amazon, Google, Microsoft, Red Hat, SUSE and VMware.
According to IDC, the Hybrid Flash Array (HFA) market in India is projected to grow at 4.8% CAGR through 2026 due to economics, flexibility, and management familiarity as key reasons for customers to continue buying HFAs vii. The availability of Dell Unity XT 5.2 is well positioned to take advantage of this growth, and presents a clear choice for global customers and channel partners in search of an all-inclusive hybrid flash array solution. Unity XT customers also benefit from Dell Technologies Services to help overcome obstacles and navigate their digital transformations.
Availability
- Dell PowerStore and PowerMax are available for customers. PowerFlex advancements will be available in the third quarter of 2022.
- Dell Unity XT OE 5.2 is available for existing customers with valid configurations starting June 13, 2022. More information can be found on Dell Unity XT Hybrid Flash Array and Dell PowerStore All Flash Array at dell.com/storage
[i]IDC WW Quarterly Enterprise Storage Systems Tracker, Q1 2022, June, 2022 release – Vendor Revenue.
[ii] Based on internal tests comparing PowerStore 1200T peak IOPS with PowerStore OS 3.0 vs. PowerStore 1000T with PowerStoreOS 2.1, running 70/30 read/write mix, 8k block size. March, 2022. Actual results may vary.
[iii] Maximum effective capacity for largest PowerStore cluster with PowerStoreOS 3.0 vs. PowerStoreOS 2.0. Assumes average 4:1 data reduction. Actual results vary.
[iv] Based on Dell internal analysis of cybersecurity capabilities of Dell PowerMax versus cybersecurity capabilities of competitive mainstream arrays supporting open systems and mainframe storage, March 2022.
[v] Based on Dell ‘s Future-Proof program that offers 4:1 data reduction guarantee based on PowerMax data reduction tools (dedupe and data compression) for open systems storage, March 2022. Actual data reduction rates will vary.
[vi] Based on Dell analysis of integrated systems for Kubernetes distributions, March 2022.
BHARTI AXA Life elevates Murli Jalan as Chief Distribution Officer, Proprietary
Bharti AXA Life, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today, announced that Mr. Murli Jalan, Head- Tied Agency & Direct Distribution has been elevated to the role of Chief Distribution Officer, Proprietary.
Mr. Jalan joined Bharti AXA Life in May 2020 and held the position of Head-Tied Agency & Direct Distribution for two years. He has spearheaded several critical business initiatives and brings in rich reach with a strong commitment to building and enriching long-term relationships with distribution partners. Mr. Jalan has been at the forefront of conceptualizing the company’s distribution vertical strategy and has been instrumental in driving its transformation.
In his new role, Mr. Jalan will anchor the Agency 2.0 initiative which is among the key growth engines for the organization. He will oversee product distribution and insurance income.
He will devise and implement strategies to increase overall revenue, and boost productivity levels across channel hierarchies. He will be responsible for setting up internal controls to efficiently manage resources, optimize costs, and increase agency strength to drive profitability and sales. He will have a granular focus on developing new markets, designing new business models to achieve operational excellence, and leading a core group of senior members to improve the company’s bottom line and the channel’s volume and scope. Further, he will look to create profitable scalability by designing and constructing a variable agency with a multi-faceted alternate channel strategy and establish a fully reliable sales governance rhythm to track sales and support the top line for Bharti AXA Life.
Commenting on the development, Murli Jalan, Chief Distribution Officer, Proprietary, Bharti AXA Life Insurance said, “I look forward to the new role and help in broadening the company’s footprint across India through strategic distribution channels. We will continue to foster an environment that drives agility, efficiency, and innovation, and in turn, help us deliver value for all our stakeholders. Further, we will bolster our focus on strengthening our distribution network to broaden life insurance penetration across the length and breadth of the country.”
Mr. Jalan comes with three decades of strong experience in sales and business development across the manufacturing, banking, and insurance sectors, with a robust understanding of quality distribution build-up. With his vast experience, he combines industry best practices with market-driven insights to achieve measurable gains across key performance indicators.
Under his leadership, Bharti AXA Life’s distribution channels have been poised to achieve exponential business growth. Along with his team, he has been responsible for strengthening the agency channel and empowering agents to develop deeper relationships with prospects and customers. He has enabled the organization’s distribution team to flourish as a powerful revenue creation engine by leveraging opportunities across customer segments.
Prior to Bharti AXA Life, Mr. Jalan was associated with Aditya Birla Sun Life Insurance Co. Ltd., Max Life Insurance Co. Ltd., and TATA AIA Life Insurance Co. Ltd.
Fastrack Joins Hands with Amazon Fashion to Launch their New Smartwatch ‘Reflex Play’ this Prime Day
The search for a quality wearable device with multiple features ends with the Fastrack Reflex Play launching on Amazon Prime Day on July 23rd and 24th on Amazon.in
India’s largest youth and accessories brand Fastrack is all ready to launch its next range of smartwatch Reflex Play on Amazon this Prime Day, the biggest and the most awaited shopping event of the year for Prime members on Amazon.in. Two days of great deals, savings, blockbuster entertainment, new launches, and much more kicks off July 23, 2022, at 12:00 AM and runs through July 24, 2022.
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Fastrack Reflex Play
Fastrack Reflex Play is a fun fashionable and feature-rich smartwatch that comes with a 1.3” AMOLED Display and features such as Blood Pressure Monitoring, and SPO2 monitoring. The 1.3” AMOLED feature of the smart watch renders the best performance as compared to other display technologies. Available in four fun colours Fastrack Reflex Play has a variety of Animated Watch Faces and also supports Built-in Games.
Reflex Play will be launched exclusively for Prime members during the two-day mega event Amazon Prime Day.
Mr. Ajay Maurya, Marketing Head, Fastrack on the launch said, “Fastrack has always been the front-runner when it comes to introducing cutting edge watches and evolving with consumers’ demands. The Fastrack Reflex Play series is the newest range with enhanced features like 1.3” AMOLED Display which makes the entire experience of the smartwatch more incredible for users. We are excited to have partnered with the e-commerce giant for the Amazon Prime Day Launch of Fastrack Reflex Play. Smartwatches are now part of everyone’s style and we are here with the next fashionable and feature-led watches.”
Reflex Play will be up for grabs exclusively during the Amazon Prime Day at a price of INR 5995. Fastrack Play range would be featured under the ‘Launches in Spotlight’ category on Amazon and will cater to the millions of Amazon customers who would want to get their hands on fashion.
Saurabh Srivastava – Director & Head, Amazon Fashion India said, “We are delighted to announce the launch of Fastrack’s new smartwatch range ‘Reflex Play’ on Amazon.in and help customers discover joy this Prime Day. At Amazon Fashion, our vision has been to transform the way India shops fashion and expand our portfolio with a wide range of easily accessible trending styles. This Prime Day will be about bringing the latest launches to our customers at exciting deals and one such product is ‘Reflex Play’. The new smartwatch is modern and offers the latest features at an affordable price range. Amazon.in remains committed to delivering a wide range of selections, convenience, and value to our customers.”
Fastrack Reflex Play has an appeal of aesthetic along with a utility factor. The watches have options for Always on Display and Notifications, which helps one access important messages, emails, weather updates, and a calendar right on your wrist. Experience thinner display for your smart watch with wide viewing angles and contrast ratio with Fastrack Reflex Play’s 1.3” AMOLED feature. With this smart watch, you can take entertainment wherever you go as it provides features like built-in games and options to control camera and music. The features like Sport Mode, Heart Rate Monitoring, an amazing 7-day battery life with IP68 water resistance, make Reflex Play suitable for rigorous outdoor activities as well.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
Green Travel: The Machan is now India’s First Carbon Neutral Resort
Famous for its exclusive line of contemporary tree houses, The Machan adapts end-to-end sustainable business practices to attain carbon neutrality, without compromising on quality and style for guests
MUMBAI, India, July 22, 2022 /PRNewswire/ — As Green Travel begins to set its foot in the Indian Hospitality Sector, eco-conscious, urban travellers looking to escape from city lights can now holiday at India’s first carbon-neutral resort – The Machan <www.themachan.com/>, Lonavala.
Known for its exclusive line of treehouses, surrounded by lush green forests, also home to many endemic species, the company is setting new standards for sustainable stays and aims to put India on the global green map.
Talking about the importance of being a Carbon Neutral organisation, Varun Hooja, Partner at The Machan said, “Green travel is not just a disruptive trend but a reality for our planet. The ill-effects of climate change are known to everyone. This is why the world is setting targets for itself and so has India. India wants to be a $5Trillion economy by 2025 and also achieve net-zero emissions by 2070. Balancing economic interests sustainably is going to be important. Attaining either won’t be a possibility if the tourism & hospitality sector, which today nearly contributes to more than 7% of GDP, won’t start adapting sustainable business practices. We should not have to wait for 50 years, the first movers have to act now. Change has to be bottom-up rather than top-down.”
The complex process of making The Machan carbon neutral was managed by NettZero Environmental Advisory Technologies Pvt. Ltd <www.nettzero.world/>, whose founder, Gautam Shiknis, elaborated: “Adopting green practices, making changes to processes, people and products may seem like an expensive business endeavour, especially post-pandemic, but I can assure you, the return outweighs the investment. By being an early adopter, The Machan doesn’t just have the competitive advantage that comes with being a Carbon Neutral business but also sets a learning curve for customers, stakeholders and the entire sector. This is our way of making today count a little more than yesterday, for a greener tomorrow.”
At The Machan, sustainability with style hasn’t just been one of the selling propositions, but a core principle on which the entire resort was designed. Years were spent finding a serene, peaceful location. When the location was finally discovered in Lonavala, the land was degraded due to slash and burn cultivation. Over two decades, using solar, wind systems, water harvesting and intense reforestation efforts, the resort’s carbon capture sink consists of more than 25,000 indigenous trees, making a perfect escape for urban travellers looking to connect with nature. Furthermore, since electricity consumption is the main source of carbon emissions at The Machan, the unit is increasingly turning to renewable sources of energy in order to be self-sufficient. It is these sustainable practices that enable the resort to offset 120 tonnes of CO2 emission organically, every year.
Thus, attaining Carbon Neutrality is a mere formalisation of The Machan’s Environment first ethos. With this, the resort in Lonavala, Maharashtra, is one amongst less than 50 resorts across the world to be fully carbon neutral.
Being a carbon-neutral entity means that the venture emits the same amount of carbon dioxide into the atmosphere, which will be offset (made up for) by continuing sustainable business practices and purchasing carbon credits.
NettZero’s roadmap to make The Machan achieve carbon neutrality status was audited and certified by MITCON, a renowned testing, inspection auditor that follows the US EPA (United States Environmental Protection) methodology, GHG Protocol and ISO 14064 framework for the data collection, quantification, monitoring and reporting of the GHG emissions. ISO 14064 specifies principles and requirements at the organization level for quantification and reporting of the greenhouse gas (GHG) emissions and removals. Whereas, GHG Protocol convened by the World Business Council for Sustainable Development (WBCSD) and World Resources Institute (WRI) represents a voluntary international standard for accounting and reporting greenhouse gas emissions.
To attain neutrality, the company has purchased carbon credits from UNFCCC (United Nations Framework Convention on Climate Change), and government certified RECs (Renewable Energy Certifications).
To know more about Carbon Neutrality click on the following link to UNFCC’s site <unfccc.int/climate-action/climate-neutral-now/united-nations-carbon-offset-platform>_._
_(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)_
MUMBAI, India, July 22, 2022 /PRNewswire/ — As Green Travel begins to set its foot in the Indian Hospitality Sector, eco-conscious, urban travellers looking to escape from city lights can now holiday at India’s first carbon-neutral resort – The Machan <www.themachan.com/>, Lonavala.
Known for its exclusive line of treehouses, surrounded by lush green forests, also home to many endemic species, the company is setting new standards for sustainable stays and aims to put India on the global green map.
Talking about the importance of being a Carbon Neutral organisation, Varun Hooja, Partner at The Machan said, “Green travel is not just a disruptive trend but a reality for our planet. The ill-effects of climate change are known to everyone. This is why the world is setting targets for itself and so has India. India wants to be a $5Trillion economy by 2025 and also achieve net-zero emissions by 2070. Balancing economic interests sustainably is going to be important. Attaining either won’t be a possibility if the tourism & hospitality sector, which today nearly contributes to more than 7% of GDP, won’t start adapting sustainable business practices. We should not have to wait for 50 years, the first movers have to act now. Change has to be bottom-up rather than top-down.”
The complex process of making The Machan carbon neutral was managed by NettZero Environmental Advisory Technologies Pvt. Ltd <www.nettzero.world/>, whose founder, Gautam Shiknis, elaborated: “Adopting green practices, making changes to processes, people and products may seem like an expensive business endeavour, especially post-pandemic, but I can assure you, the return outweighs the investment. By being an early adopter, The Machan doesn’t just have the competitive advantage that comes with being a Carbon Neutral business but also sets a learning curve for customers, stakeholders and the entire sector. This is our way of making today count a little more than yesterday, for a greener tomorrow.”
At The Machan, sustainability with style hasn’t just been one of the selling propositions, but a core principle on which the entire resort was designed. Years were spent finding a serene, peaceful location. When the location was finally discovered in Lonavala, the land was degraded due to slash and burn cultivation. Over two decades, using solar, wind systems, water harvesting and intense reforestation efforts, the resort’s carbon capture sink consists of more than 25,000 indigenous trees, making a perfect escape for urban travellers looking to connect with nature. Furthermore, since electricity consumption is the main source of carbon emissions at The Machan, the unit is increasingly turning to renewable sources of energy in order to be self-sufficient. It is these sustainable practices that enable the resort to offset 120 tonnes of CO2 emission organically, every year.
Thus, attaining Carbon Neutrality is a mere formalisation of The Machan’s Environment first ethos. With this, the resort in Lonavala, Maharashtra, is one amongst less than 50 resorts across the world to be fully carbon neutral.
Being a carbon-neutral entity means that the venture emits the same amount of carbon dioxide into the atmosphere, which will be offset (made up for) by continuing sustainable business practices and purchasing carbon credits.
NettZero’s roadmap to make The Machan achieve carbon neutrality status was audited and certified by MITCON, a renowned testing, inspection auditor that follows the US EPA (United States Environmental Protection) methodology, GHG Protocol and ISO 14064 framework for the data collection, quantification, monitoring and reporting of the GHG emissions. ISO 14064 specifies principles and requirements at the organization level for quantification and reporting of the greenhouse gas (GHG) emissions and removals. Whereas, GHG Protocol convened by the World Business Council for Sustainable Development (WBCSD) and World Resources Institute (WRI) represents a voluntary international standard for accounting and reporting greenhouse gas emissions.
To attain neutrality, the company has purchased carbon credits from UNFCCC (United Nations Framework Convention on Climate Change), and government certified RECs (Renewable Energy Certifications).
To know more about Carbon Neutrality click on the following link to UNFCC’s site <unfccc.int/climate-action/climate-neutral-now/united-nations-carbon-offset-platform>_._
_(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)_
GAYN Capital Announces Commencement of their Operations in Chennai
GAYN Capital announces commencement of their operations in Chennai. A FinTech company that leverages technology to make Commercial Real Estate Investing possible for everyone. The platform harnesses the power of collective ownership to make it possible for a discerning investor to acquire assets that were previously way beyond their means.
The team sources the best real estate opportunities through its partnerships, like the one it has with Chennai-based Bhoomi & Buildings. GAYN Capital has entered into a partnership with this Chennai-based builder, who will provide 200 crores worth of products in the retail real estate sector annually. Bhoomi is a path breaker in the retail real estate market, having completed over 50 projects in this sector; and with a healthy pipeline of deals, with both national and international brands, along with GAYN capital are well poised to bite into great Indian retail revolution. This partnership is all set to usher in a new era for the retail investment market.
GAYN Capital is founded by Kalyan Jayaprakash, Kishore Janakiraman, and Ganesh Jayaprakash, who are industry professionals with a sound track record in Investments, Real Estate, Banking, and Technology. The founders leverage their collective expertise to curate and identify opportunities in the Retail, Logistics, Healthcare and Entertainment industries. All properties go through a rigorous process of due diligence to ensure everything is in place, including leases from Marquee brands.
Kalyan Jayaprakash CEO/Co-Founder says, “There are, of course, other players in the fractional investment space, but what makes GAYN stand out is Accessibility. At GAYN, we understand that the biggest hurdle to commercial real estate investments in the past, has been the entry cost. This is why we have reduced the ticket size to a relatively affordable 5 lakhs only.“
He goes on to add “The key aspect of investing through GAYN capital is the transparency at every step of the process, as we believe strongly in keeping our clients involved and informed of how they can make their investments work for them.”
Fractional ownership is catching on with the investment community as a safe haven to park investments during these turbulent times. The attraction being, that the capital is secured by an underlying asset of land and building. A regular passive income from the lease is an added advantage which further augments the benefits of the investment.
For more information, please visit: gayncapital.com.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
Azure Power’s 90 MW solar power project in Assam, largest in the state, inaugurated by Shri Himanta Biswa Sarma, Honorable Chief Minister of Assam
NEW DELHI, July 20, 2022 /PRNewswire/ — Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, announced that its 90 MW solar power project in Assam, the largest solar power project in the state, was inaugurated by Shri Himanta Biswa Sarma, Honorable Chief Minister of Assam in presence of Smt. Nandita Gorlosa, Hon’ble Minister of Power; Cooperation, Mines & Minerals; Indigenous & Tribal and Culture Department, Shri Chandra Mohan Patowary, Hon’ble Minister, Environment & Forest, Act East Policy Affairs, Welfare of Minorities Deptt. & Guardian Minister of Kamrup, and other key dignitaries. Honorable Chief Minister inaugurated the project at a special ceremony, jointly hosted by Azure Power and Assam Power Distribution Company Limited (APDCL) at a two day event in Udalguri and Boko districts of the state.
The power generated by the plant will be supplied to Assam Power Distribution Company Limited under a long term 25-year PPA. The project spread across four districts – Udalguri, Boko, Nagaon, and Cachar, was commissioned in phases.
Commenting on the inauguration, Harsh Shah, CEO, Azure Power said – “The commissioning of our 90 MW solar power plant, the largest in Assam, is an indication of our strong project development and execution skills. The project also demonstrates the state’s commitment towards sustainable development by promoting clean, accessible, affordable, and equitable solar energy availability. In addition to meeting the state’s sustainability targets, our project will help in creating a self-sustaining ecosystem by providing jobs, skill development, and revenue opportunities for local population,”
“Our sincere gratitude to the Honorable Chief Minister of Assam, APDCL, and all local stakeholders for their cooperation and support,” added Harsh.
Shri Rakesh Kumar – IAS, MD, Assam Power Distribution Company Limited said, “Participation of Azure Power in Assam’s journey towards clean and green energy is appreciable. APDCL is committed for supplying uninterrupted, reliable, affordable, safe, and quality power to all its valued customers. These projects strengthen the resolve to reduce carbon emissions in the state, in line with declaration of Hon’ble Prime Minister at Glasgow. Such endeavours will pave the way for making Assam one of the top states of the country as envisioned by Hon’ble Chief Minister.”
Photo: https://mma.prnewswire.com/media/1862890/Azure_Solar_Power_Plant_Assam.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)
Vietjet offers exclusive INR 9* deal to celebrate the 17 India – Vietnam route milestone,,
Celebrating the recent 17 direct routes from India to Vietnam, Vietjet offers 16,688 promotional tickets with super low-fare tickets starting INR 9(*) applied to all routes connecting New Delhi, Mumbai, Ahmedabad, Hyderabad and Bangalore to Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc.
The promotional tickets are up for grabs till 21, 2022 on www.vietjetair.com and Vietjet Air application. The applicable travel period is from August 15, 2022, to March 26, 2023 (**), applied to all routes between the two countries.
Recently, Vietjet has announced 11 additional new India-Vietnam routes, making it the largest carrier operating between the two countries in terms of capacity, with a total of 17 services. The nine new routes linking Ahmedabad/ Hyderabad/ Bangalore with Hanoi/ Ho Chi Minh City/ Da Nang will operate from September onwards with four weekly flights each. Just in time for the year-end holidays, the two other new routes including Mumbai/New Delhi to Da Nang will also get operational.
Vietjet currently operates 4 services linking New Delhi/Mumbai with Hanoi/Ho Chi Minh City on 3-4 flights per week each. The New Delhi/Mumbai – Phu Quoc services will commence operation from September 8 and 9 respectively with 3-4 flights per week.
Vietjet’s direct flight network of up to 17 routes offers passengers with more convenient and cost-saving travel opportunities than ever before. Travelers now can take the five-hour flights to their favourite destinations in Vietnam without taking any transit flights as before. The new direct flights will make it easier and more affordable for Indian travelers to visit not only Vietnam but also connect to other Southeast Asian destinations such as Bali, Singapore, Kuala Lumpur, Seoul, Busan, Tokyo, Osaka, Fukuoka, Nagoya and Taipei, etc. through Vietjet’s South – Southeast – Northeast Asia connectivity.
Vietnamese visitors coming to India for tourism, MICE, business purposes can apply easily for E-via without Covid test requirement. Vietnam has lifted all arrival regulations relating to Covid-19 and travelers can enjoy a complete pre-pandemic fashion arriving in the country. Especially, all international travelers coming to Phu Quoc are eligible for a 30-day visa exemption to experience all the good stuff that the paradise island has to offer.
Located in the heart of Southeast Asia and home to a rich culture, diverse natural landscapes, delicious cuisine, and friendly local people, Vietnam has been a rising destination in recent years, drawing more and more world travelers, and routinely receiving praise from leading global travel magazines, including its attraction to Indian travelers.
Being the country’s capital, Hanoi, with over a thousand years of history, is home to enchanting lakes, unique urban areas such as the bustling Old Quarter and an array of fascinating heritage buildings. Meanwhile, Ho Chi Minh City, the country’s largest economic, financial and tourism hub, is a vibrant destination with incredible restaurants, shopping, nightlife, and historical landmarks. Located in central Vietnam, Da Nang has been the world’s famous coastal destination and appealed world tourists in recent years thanks to its iconic landmarks such as Golden Bridge and Dragon Bridge. The city also serves as a gateway to Vietnam’s other tourist attractions, including the ancient town of Hoi An, the former imperial citadel in Hue city, and Quang Binh, home of the world’s largest cave.
Dubbed as “the Pearl Island”, Phu Quoc, in recent years has become the most popular beach destination in Southeast Asia. The tropical island has attracted tremendous amount of visitors lately thanks to its breathtaking beaches, stunning resorts and exciting leisure and recreational offerings.
RED FM Announces Association with ‘Ladakh Marathon’
After successfully launching its new station RED FM Ladakh in the Himalayas, 93.5 RED FM, India’s leading private radio and entertainment network is partnering with the ‘Ladakh Marathon’. Considered one of the most challenging marathons in the country, RED FM is proud to be associated as their radio partner in their 9th edition.
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RED FM partners with Ladakh Marathon
In 2012, Rimo Expeditions staged its first Ladakh Marathon to encourage the youth to take up running for a healthy lifestyle and to participate at a competitive level. Presently, it is a composite of six sub events offering challenges from the easy 5 km run to 122 km Silk Route Ultra. The event participation has substantially grown from a few hundred in the 1st edition to thousands up until the 8th edition in 2019. Over the years, the Ladakh Marathon has become a key stop on the global marathon calendar.
Speaking on the announcement, Nisha Narayanan, Director & COO, RED FM, and Magic FM, said, “RED FM is delighted to be associated and support the Ladakh Marathon. It has been an absolute pleasure to make acquaintance with Padma Shree Awardee, Motup Chewang. RED FM has recently started operations in Leh and this is our first ever association. We believe in the power of collaborations and building communities. This association will help us reach out to the runners across the world who will be participating in the Ladakh marathon. Our plan is not only to engage people in Ladakh but also to create the buzz of the marathon across the country through our network and encourage them to participate or witness this grand marathon. We are truly happy to be part of this journey that dreams to ensure the Ladakhi runners not only earn their stripes in national marathons but also represent India in Olympics.”
Talking about the initiative, Chewang Motup Goba, Founder & Race Director, Ladakh Marathon, the Khardungla Challenge, said, “I am truly honoured to be associated with RED FM, the official radio partner for the Ladakh Marathon. I organised this event for the first time back in 2012 and never imagined it would get such a vast platform. The Ladakh Marathon is amongst the most challenging and highest races in the world and is now sharing space in the global calendar of races with many other prestigious marathons. By joining hands with RED FM we are looking forward to seeing more people from across India recognize the potential of sports. Now that RED FM has finally launched in Ladakh, which is another amazing milestone, I hope to see the youth step up and take on more challenges like the Ladakh Marathon.”
Tune in to listen to some of the participants of the Ladakh Marathon and catch all the live action from Leh across the RED FM network.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
18 million dishes served with Kikkoman in the first year alone, Indians taste the magic of Kikkoman Soy Sauce
MUMBAI, India, July 19, 2022 /PRNewswire/ — In one year, Kikkoman Soy Sauce was served in 18 million* dishes across India.
Apart from the fact that this number is remarkable, the circumstances in which it happened are even more so. That is why the purpose of this press release is both to announce this milestone and to thank everyone who made it possible.
There couldn’t be any worse time than February 2021 for Kikkoman – or any company – and especially a food business to launch full scale operations in India. The coronavirus pandemic was at its peak. Restaurants and cafes were closed or had strict restrictions on hours and capacity. Distribution networks were disrupted. Supply lines were uncertain. Normal life was suspended as lockdowns confined Indians to their homes.
Yet in one year, up to March 2022, Kikkoman Soy Sauce from Japan advanced across India, ending up on the condiments shelf in the kitchen, entering cafes, hotels, and restaurants, being sold in shops, and reaching distributors in over 20 cities.
Chefs erupted with energy and creativity as they tested the possible uses of Kikkoman Soy Sauce from Japan – a 350 year old authentic and naturally brewed soy sauce with the traditional Honjozo method – in the new dishes they invented and in known dishes.
They were experimenting Kikkoman Soy Sauce with Samosas, Jalebis, Biryani, Butter chicken and even our favourite khichdi. All this experimentation was, of course, in addition to its well-known use as an all-purpose seasoning in a multitude of other cuisines, in fact over 200 cuisines.
At a time when natural ingredients and methods are more and more valued, Japan’s No. 1 Kikkoman Soy Sauce gained swift acceptance. Comprising only soybeans, wheat, water and salt, it is naturally brewed and works like magic to lift all dishes to another level. Kikkoman Soy Sauce works with everything and anything.
Osamu Mogi, Director, Senior Executive Corporate Officer, International Operational Division, Kikkoman Corporation, Japan commented, “We are delighted that so many chefs have started to use and appreciate Kikkoman Soy Sauce in their cooking in our first year in India. I am confident that Kikkoman Soy Sauce will become a part of daily life in every household in India, just as it is in millions of households around the world. We look forward to fulfilling our long-term commitment to India, the largest, most vibrant and promising emerging market in the world.”
India has a rich and diverse food culture with a long tradition and is the world’s largest multi-ethnic country and Kikkoman is committed to exploring the potential of a new food culture in which India’s ancient traditions meet the limitless potential of Kikkoman Soy Sauce.
“Our warm thanks to the professional chefs, restauranteurs, hoteliers, distributors, retailers, customers, and everyone else who has been on this journey with us so far,” Mr. Mogi said.
*The figure is derived from the number of ‘Manchurians’ – the favourite Indian Chinese dish – made as shown by Kikkoman’s research. The total amount of Kikkoman Soy Sauce sold is divided by the amount of soy sauce typically used in this dish.
Photo: https://mma.prnewswire.com/media/1861836/Kikkoman.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)