Month: August 2024

Property Share(www.propertyshare.in) has become the first fractional ownership platform (FOP) to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM REIT regulations under the name of Property Share Investment Trust (PSIT).Property Share will become the investment manager to PSIT.

 

In Mar’24, SEBI notified the SM REIT regulations to bring FOPs within the regulatory framework as a subclass within the REIT regulations for assets valued between Rs. 50 and 500 crores. Similar to REITs, SM REITs are fully regulated by SEBIwith units of each of the schemes listed on the stock exchanges.

 

Founded in 2016by IIM, Ahmedabad batchmates Kunal Moktan and Hashim Khan, Property Share was one of the first platforms to pioneer fractional ownership of commercial real estate in India. Under the leadership of Hashim and Kunal, we believe that Property Share has become one of the largest FOP platforms in the country in terms of properties funded, active investor base as well as external capital raised. The platform serves approximately 300,000 users in more than 20 countries across 5 continents. In June 2022, it raised Rs. 347 crores in a Series B round from WestBridge Capital.

 

Commenting on the milestone, Mr. Kunal Moktan, Co-Founder of Property Share said, “The regulator has been very proactive in bringing this exciting new product into the regulatory mainstream that is set to make real estate more inclusive to a larger audience of retail and institutional investors. Any regulated product comes with significant benefits for investors like high-net-worthrequirements for the investment manager, compliance and reporting standards, transparency, investor protection mechanisms, and marketing restrictions. We look forward to continue working closely with SEBI in launching the IPO of the first SM REIT scheme in the weeks to come.”

 

Hashim Khan, Co-founder of Property Share said, “With the introduction of SM REITs, the regulator has effectively introduced an entirely new asset class to the retail and institutional investor universe, continuing the march towards securitisation of real estate assets that started with REIT regulations in 2014. This is also a very proud and significant milestone for Property Share that set the foundations for this regulation more than 8 years ago through one of the first technology driven real estate investment platform in the country.”

The company also supported 1,000 economically disadvantaged farmers
with fertilisers and milk containers

Muthoottu Mini Financiers, one of India’s leading gold loan NBFCs, popularly known as 'Yellow Muthoottu', has reaffirmed its commitment to community welfare by undertaking an extensive distribution of school supplies, including notebooks, umbrellas, school bags, and kits, benefiting approximately 22,000 underprivileged children across different locations in India.Additionally, Muthoottu Mini gifted a wheelchair to a deserving law college student. This initiative reflects the company’s dedication to enhancing educational opportunities for students in need.

Recognising the challenges faced by economically disadvantaged farmers, Muthoottu Mini has also distributed fertilisers and milk containers to around 1,000 farmers, empowering them to improve their agricultural productivity. Furthermore, more than 1,000 individuals have received sewing machines and bicycles, providing them with essential tools to pursue self-employment and enhance their livelihoods. This initiative, with a budget of 1 crore, was carried acrossregions including Bangalore, Tamil Nadu, Delhi, and Mumbai.

On the occasion,Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers, said, “At Muthoottu Mini Financiers, we firmly believe that corporate social responsibility is not just a legal obligation, but a moral imperative. As we expand our footprint across the country, we are deeply committed to making a tangible difference in the lives of underprivileged communities. By distributing essential school supplies to students, we aim to empower the youth and contribute to their holistic development. Education is the foundation for personal growth and nation-building, and we are proud to play a role in nurturing the dreams and aspirations of these young minds. Our CSR initiatives are an integral part of our long-term sustainability strategy. By investing in the communities we serve, we are building strong relationships with the people, and ensuring that our business remains relevant and impactful in the years to come.”

Through this CSR activity, Muthoottu Mini Financiers believes in fulfilling its social commitment to society, supporting the community through its welfare programmes. Muthoottu Mini Financiers has a strong history of impactful CSR initiatives, including the launch of the 'Snehalaya Silver25 Nutricap Program' for children with special needs and the donation of 1,000 raincoats to Kochi Municipal Corporation's sanitation workers. With over 900 branches across India, the company integrates corporate social responsibility into its core mission, believing it to be a moral imperative.By doing so, the company aims to make a positive impact on the lives of those who need it most, empowering them to dream big and achieve their goals.

• The discountsareavailable at over 700 DHL retail outlets to customers visiting in person or sending their shipments online
• The discount is applicable for international Rakhi and gift shipments ranging from 0.5 Kg to 2.5 Kg, 5 Kg, 10 Kg, 15 Kg & 20 Kg
• The offer is valid until 19^th August 2024

DHL Express, a global leader in international express services, is adding to the joy of Raksha Bandhan by offering retail customers exclusive offers and discounts. Valid until 19^thAugust 2024, customers can enjoydiscounts and promotionsto send rakhis and gift shipments ranging from 0.5 kg to 20 kgglobally.These offers are available at DHL’s extensive network of over 700 retail service points nationwide and on its official website.

In today's interconnected world, people migrate to different regions forbettereducational opportunities, career growth, or an improved quality of life.Consequently, families often find themselves separated by distance during festive occasions, unable to celebrate together. The festival of 'Raksha Bandhan' unites families to celebrate and honorthe bond of love and protection shared between siblings. DHL Express aims to connect families celebrating the festivalthrough ‘Rakhi Express’, offering up to 50% discounts to ship their thoughtfully curated presentsthat convey love and joy.

Sandeep Juneja, Vice President – Commercial, DHL Express India, commented on the offer, saying, “Rakhi Express, a heartfelt service we provide our customers every year, holds immense significance as it bridges the gap between families separated during the joyous festival of Raksha Bandhan. At DHL Express India, we live by our purpose of 'Connecting People, Improving Lives,' and Rakhi Express epitomizes this commitment.

As we launch this powerful initiative, we strive to make a profound impact on the lives of families, turning moments of separation into cherished memories of togetherness. Join us in celebrating the spirit of Rakhi, as we connect hearts and bring joy to every doorstep worldwide.”

Utilizing DHL's extensive global network, which spans 220 countries and territories, customers can easily send their rakhi gifts. The offer ensures complete shipment visibility, with proactive SMS and email updates ensuring smooth and hassle-free deliveries worldwide. To inquire about this offer, customers can contact DHL Express via the toll-free number 1800 11 1345 or visit the DHL website at https://www.dhl.com/in-en/home.htmlto get a quote and book a shipment online.

~Vietjet celebrates the milestone of reaching 200 million passengers ~

 

~The airline is offering 2 million tickets starting from ₹5,555 (*) on all domestic and international routes ~

 

At the Vietnam-India Business Forum in New Delhi, Vietjet, Vietnam’s leading new-age carrier, announced the launch of a new route connecting Ahmedabad in India to Da Nang in Vietnam. The new route will commence operations in October 2024.

 

Additionally, the Vietnamese Prime Minister, Pham Minh Chinh, along with the business community of the two countries, congratulated Vietjet on reaching the 200 million passenger milestone. The 200 millionth passenger of Vietjet was Mr. Sandeep Mehta, an Indian businessman who received a gift of one year of free international flights operated by Vietjet.

 

To celebrate this milestone, the airline is launching a week-long promotion from August 2 to August 8, 2024, offering 2 million tickets starting at INR 5,555 (*) for all domestic and international routes. These discounted tickets will be available on www.vietjetair.com and the Vietjet Air mobile app, for travel between September 4, 2024, and May 22, 2025 (**).

Vietjet welcomes passengers on its modern aircraft, served by a professional, friendly, and dedicated cabin crew, to enjoy the essence of Vietnamese, Indian, and global cuisine. In addition, Vietjet provides all passengers with free SkyCare insurance and numerous opportunities to earn rewards and “win daily” through the SkyJoy, Vietjet’s loyalty program.

 

Since 2019, Vietjet has been a pioneering airline in establishing direct flight routes between Vietnam and India, offering convenient and affordable travel options. The airline now operates seven routes with 56 weekly flights, connecting Hanoi and Ho Chi Minh City with major Indian cities such as New Delhi, Mumbai, Ahmedabad, and Kochi, as well as popular destinations like Bodh Gaya and Varanasi. Vietjet has transported nearly 1.3 million passengers between Vietnam and India, serving a country with a population of 1.4 billion.

 

(*) One-way all in

(**) Exception of national holidays

SBI General Insurance Company Limited,one of India’s leading General Insurance companies, and HSBC India have entered into abancassurance partnership for the distribution of non-life insurance products. This partnership represents a significant step towards providing accessible and comprehensive insurance solutions, helping increase insurance penetration in the country.

 

Through this tie-up, SBI General Insurance aims to offer innovative insurance solutions to HSBC India’s customers across the country. Under this partnership, HSBC India will offer the entire suite of SBI General Insurance’s non-life insurance productsincluding health, property, motor and travel to its customers.

 

The partnership will offer a wide range of insurance solutions to meet diverse consumer needs of affluent Indians across the country through HSBC India’s branch and digital network. Customers will have convenient access to these insurance products, enhancing their overall experience and meeting their specific insurance needs effectively.

 

Speaking on the collaboration, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We are delighted to partner with HSBC India, and serve their esteemed customers across the states. With our innovative range of products and the bank’s diverse customer base, we will be able to reach a broader customer base and offer them the protection they need against various risks. Together, we are committed to providing innovative insurance solutions and exceptional service to our customers.”

 

Mr. Sandeep Batra, Head, Wealth and Personal Banking, HSBC India, said, “At HSBC, we continue to build out a distinctive,full spectrum offering, for our customers. HSBC is the only international bank in India offering a full suite of financial services, including banking, asset management and insurance. This bancassurance tie-up with SBI General Insurance aligns with our commitment to providing comprehensive financial solutions under one roof and deliver unparalleled value to our customers. We look forward to serving our customers with top-notch insurance products and excellent service standards.”

 

Combining the strength of both organisations, this partnership aims to leverage SBI General Insurance’s wide range of products coupled with HSBC India’s extensive network, providingcustomers, seamless access to tailored insurance solutions to safeguard their assets and well-being. This collaboration underscores the commitment of both entities to enhance customer experience and meet the evolving needs of the market effectively.

 

About SBI General Insurance

SBI General Insurance one of the fastest-growing private general insurance firms, backed by the robust support of SBI upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence of over 143 branches. In FY 2023-24, SBI General Insurance achieved significant growth, with a notable 17% increase in Gross Written Premium (GWP), reaching INR 12,731 crores.

 

The company has also received notable accolades including the ‘Domestic General Insurer of the Year’ – India at the Insurance Asia Awards 2023 in Singapore, recognition as one of the Best Brands 2023 at the ET Edge Best Brands events and being honoured as one of the Best BFSI Brands at the ET Now Best BFSI Brands Conclave 2024. We have also received recognition as the runner-up for Highest Growth – General Insurance at the ASSOCHAM 15th Global Insurance Summit & Awards and were named the winner in the ‘Best Large General Insurer’ category at the Mint BFSI Summit & Awards 2023.

 

With a team of 8,000+ employees and our multi-distribution model covering Bancassurance, Agency, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network of over 22,518+ SBI branches, agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME, and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

For more details: https://www.sbigeneral.in/

 

Term insurance is a critical component of financial planning, providing financial security and peace of mind to policyholders and their families. Offering substantial life cover at an affordable premium, term insurance ensures well-being and financial stability in the event of untimely demise of the policyholder. One such product that recognizes the importance of a comprehensive term plan, is Bajaj Allianz LifeeTouch. This unique product offers the flexibility to choose from three variants with value-packed features that helps families of policyholders to keep their life goals on track.

 

While the market offers innovative, value-packed products such as Bajaj Allianz Life eTouch at affordable prices, it's equally critical for customers to understand the importance of adequate coverage. Underinsurance remains a significant issue in India, with many individuals lacking sufficient coverage to meet their loved ones' financial needs. The general rule of thumb is that life insurance coverage should be at least 10 times one's annual income. Policyholders can meet this benchmark with the Bajaj Allianz Life eTouch, which also provides holistic Health Management Services.

 

Bajaj Allianz Life eTouch has three variants: Life Shield, Life Shield ROP& Life Shield Plus. All the 3 variants come with an inbuilt feature of Waiver of Premium in the event of Accidental Total Permanent Disability or Terminal Illness. With the Life Shield ROP variant, the policyholder will receive a one-time amount which is equal to total premiums paid upon maturity if he/she survives the policy term. As for the Life Shield Plus variant, an additional payout is provided in the unfortunate event of a death resulting from an accident, in addition to the regular death benefit.

 

The Company has enhanced its commitment to holistic well-being by offering Health Management Services tailored for women. These services provide easy and quick access to medical facilities, supporting customers in achieving their overall health objectives, conveniently integrated into a single product. They include comprehensive health check-ups and OPD in-clinic consultations for routine check-ups and minor treatments. It also provides instant access to medical consultations and wholistic wellbeing offerings.

 

 

Children are inherently curious and parents are always trying to find accurate answers that satiatetheir curiosity. This was apparent in a recent study commissioned by Amazon Alexa and conducted by Kantar among 750+parents across six cities in June 2024. The survey reveals that about 54% of surveyed parents often feel that they don’t have instant answers for kids’ questions. It further indicates that 52% respondents instantly search and answer accurately if they don’t know the answer. What’s interesting to note is that 44% surveyed parents admitted to making up answers on the spot.

Only 3% surveyed parents ignore the question or change the topic to stop the kid from asking questions

“How to make a car?”, “How big is the universe?”, “How does an aeroplane fly?”, and “How do fish breathe under water?”, etc. are some of the curious questions asked by kids. About 60% of surveyed parents indicated that they often find themselves stumped when kids ask seemingly easy questions such as, “What season comes between winter and summer?”, “Why do parents have to work?”, and “Why do we wash vegetables?”, among others. Some parents even tend to deflect answers to their partner, with37% of the survey pool admitting to asking their kids to go to the other parent with their questions.

Kids ask more questions when watching TV

The study further elaborates on children’scuriosity triggers; wherein 63% parents have revealed that their kids become more curious and ask questions when watching TV. Traveling (57%), studying (56%), outdoor activities (55%), watching content on handheld devices (52%), and listening to conversations amongst adults (50%) are the other five activities that ignite curiosity amongst kids. Moreover, food, animals, nature, general knowledge, holidays, technology, and movies emerged as some of the top topics that kids enquire about.

Technology has helped transform the way parents access and transfer information to their kids

The survey further states that more than 80% of parents often use technologyto find information that can help them answers their kids’ questions. Technologies like voice AI services, including Alexa (available in devices like Echo smart speakers), can prove to be of great assistance in parenting as it can help parents find information or answers to their kids’ questions,helping their children in freely satiating their curiosity with ready responses. So, when kids are feeling curious, parentscan take Alexa’s help by asking any number of questions across a wide range of topics, from science to history and beyond.

“From asking spontaneous questions to those that are more knowledge-based or unconventional for their age, kids are inherently curious and constantly on the hunt for answers about the world around them.It’s crucial for parents to respond to their questions in ways that are informative, simple to understand, constructive, and age-appropriate,” said Dilip R.S., Country Manager for Alexa, Amazon India. “Today, across the world, families with young kids ask Alexa 25 million questions per month – a testimony to Alexa becoming an information and learning hub for parents. Our focus remains on continuing to improve how families with young kids experience Alexa by packingit with relevant skills that can help them learn new things each day while also having fun.”

Parents encourage their kids to ask more questions

More than 90% of parents agree that they encourage their kids to asking more questions to help them continually grow and learn about new things. Nearly 92% of parents agree that they learn new things in this process of responding to their kids’ questions.

Deepender Rana, Executive Managing Director – South Asia, Insights Division, Kantar said “Kids these days are more curious than ever and parents always try their best to satiate their curiosity. While watching TV drives curiosity amongst kids and often leads to them asking more questions about the things they see and hear –majority of surveyed parents prefer screen-free learning for their kids. And this is where voice-first search, whether done by parents or by kids in their presence, proves to be a great screen-free solution to find answers and learn about the world.”

With numerous voice-first engaging experiences for kids on Alexa smart speakers like Echo Pop and Echo Dot, parents can engage their children with curiosity-driven content, with trust and safety at the forefront.