Delek US chooses Flutura’s Cerebra for its Refinery of the Future Initiative, signs multiyear collaboration agreement

BANGALORE, India, March 15, 2022 /PRNewswire/ — Flutura a pioneering Industrial AI company recently deployed its suite of Industrial AI solutions Cerebra for Delek US at their Big Spring Refinery as part of the Refinery of the Future initiative. Flutura and Delek US signed a multi-year agreement to collaborate and expand the deployment into newer functional areas across its 4 refineries and provide advanced decision-making capabilities to its operations and reliability teams.

“We looked for a partner to join us in our journey to provide our operational and management teams more actionable insights into managing our assets. We chose Flutura Cerebra because of their innovative, flexible technology and the ability to integrate with our current and future systems. The technology is being deployed initially on select critical components and will be expanded to other use cases across our Refining system,” said Nithia Thaver, SVP Refining

“We are excited to be a strategic partner for Delek and enable them to achieve their vision of creating the Refinery of the Future”, says Srikanth Muralidhara, Co-Founder & Chief Customer Officer, at Flutura, “Delek’s talented engineers and Flutura’s experts over the past year have collaborated and created a unique deployment model to realize high value outcomes leveraging Delek’s data assets. We look forward to scaling this success together”

To learn more about Flutura, please visit http://www.flutura.com

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

Madhya Pradesh Handloom weavers showcase an exquisite array of 100% organic, natural and pure fabrics at the State Handloom Expo Chandigarh

  • Expo will showcase 100% organic, natural, and pure silk and cotton cloth sarees and suits
  • 60 stalls will showcase skills of India’s handloom weavers from across the country
  • Visitors will witness entire process of creating various products on the handloom

Today, the Madhya Pradesh State Sericulture Development and Trading Co-Operative Federation Limited, which is a Madhya Pradesh Government Undertaking, has organized the State Handloom Expo 2022. The expo has been sponsored by the Ministry of Textiles, Government of India, to showcase the skills of India’s handloom weavers, who have come from every corner of the country to display and sell their products. The State Handloom Expo will run from 10th March 2022 to 23rd March 2022 and has been organized for the first time in Chandigarh, at the Circus cum Exhibition Ground.

The State Handloom Expo was inaugurated by Smt. Anindita Mitra, Commissioner, Municipal Corporation, Chandigarh and Shri Vinay Pratap Singh, Deputy Commissioner, Chandigarh. On this occasion, Shri Vishesh Gadhpale, Commissioner, Silk Directorate, Government of Madhya Pradesh was also present. During the inauguration, the nodal officer of the expo, Shri Chitrendra Dwivedi, Shri Kishan Rao (liaison officer) of Madhya Pradesh Handicrafts Development Corporation and Shri Ravindra Singh, field officer of Madhya Pradesh were present at the venue. The expo was inaugurated by the lighting of the lamp, which was followed by a grand celebration, where a bevy of cultural programs were staged.

The aim of organizing the State Handloom Expo is to encourage the artisans associated with handloom and handicrafts and to provide them with a platform to display their products. The expo will showcase 100% organic, natural and pure silk and cotton cloth sarees and suits, including dress material and furnishing fabrics, at 60 stalls. A bouquet of brands owned by the MP Silk Federation, such as Prakrit, Sant Ravidas Madhya Pradesh Hastashilp Evam Hathkargha Vikas Nigam Limited, Mrignayani and the Madhya Pradesh Small Industries Corporation will be featuring their products at the Expo.

Highlights of State Handloom Expo:

  • The expo will showcase the world famous Chanderi and Bagh (Block) prints and Maheshwari pattern sarees and dress material.
  • Famous sarees of Uttar Pradesh, tussar sarees of Bhagalpur in Bihar, and dress material will be available at the expo.
  • Visitors will be able to witness the entire process of creating various products on the handloom at the Expo.
  • Home Furnishing Textile of Export Quality from Panipat, Haryana, will be available
  • All products will carry the Handloom Mark and Silk Mark.

Loan provider Clix Capital digitizes collections business with Vymo for improved customer engagement

Vymo will serve as the system for visibility of collection activities and automate manual efforts such as feedback capture, collection management, and payments.

BANGALORE, India, March 14, 2022 /PRNewswire/ — Vymo – one of the fastest-growing sales engagement platforms for financial institutions – today announced that Clix Capital – India’s leading non-bank lender – will be deploying its platform to digitize its collections business. More than 350 frontline agents and managers across 15 states will use Vymo to automate payment collections and capture customer feedback.

Business teams at Clix Capital will get real-time visibility into field activities using Vymo. As a result:

  • Frontline agents can plan and optimize their engagement with agency partners as per priority;
  • Collection cases can be dynamically allocated to managers and agency owners based on business rules to ensure maximum efficiency;
  • Managers have ready reports and insights on collections performance and case closures.

Commenting on the partnership, Vishal Jain, Chief Collections Officer – Clix Capital, said, “In the world of AI and ML, seamless information flow is critical for creating Dynamic Risk & Sourcing Scorecard to improve collection and portfolio quality. Vymo’s solution will help on three fronts – providing vital information in real-time to the last mile to improve the quality of customer engagement and collection, capturing the ground reality in a structured format to be consumed in AI and ML-driven Risk & Sourcing Scorecard and Sharp Monitoring on input metrics of collections.”

Vymo is integrated with Clix’s core lending systems to provide a single-pane view of key business metrics of its agency network. It provides a frictionless user experience for managers and frontline personnel who now don’t need to switch between multiple systems or cross-reference data across outdated and complicated applications.

Rajesh Sabhlok, Managing Director, Asia-Pacific – Vymo, said, “The quality of data remains our priority as financial transactions get digitized. However, agents still rely on outdated systems to input data and since this is not always dependable, the rich context of the engagement is lost. With this partnership, Clix Capital’s collections team will have access to best-in-class digital capabilities and functional expertise to increase efficiencies and be more productive.”

Further, Vymo will provide contextually prescriptive intelligence through nudges, next-best actions, and interventions. Thereby, teams can optimize various levers in the agency distribution channel to improve sales performance metrics and other related KPIs.

About Clix Capital

Clix Capital is a new age NBFC revolutionizing the lending space by offering differentiated digital lending products that are driven by technology and deep analytics. It offers a range of lending products to a varied spectrum of customers across the MSME and consumer segment, including personal loans, MSME loans, healthcare loans, and mortgage finance.

Clix is co-founded by industry veterans Mr. Pramod Bhasin and Mr. Anil Chawla and is backed by a private equity fund AION Capital Partners Limited (an affiliate of Apollo Global Management, LLC – one of the largest alternate investment managers globally with AUM of $433 billion). Mr. Bhasin is the founder of Genpact and the former CEO of GE Capital India and Asia; and Mr. Chawla has been the former CEO of GE Capital India and Asia’s Commercial Finance Business.

Together, Mr. Bhasin, Mr. Chawla and AION jointly acquired the commercial lending and leasing business of GE Capital India in September 2016 and rechristened it Clix Capital.

About Vymo

Vymo (www.getvymo.com) is the Sales Engagement Platform of choice for 65+ global Financial Institutions including HDFC Bank, SBI Life, Berkshire Hathaway, AIA, Generali, and Aditya Birla Finance. Vymo helps improve sales outcomes through bottom-up insights and interventions.

Vymo is recognized by Gartner® as a Representative Vendor in the Sales Engagement Market Guide and is funded by Bertelsmann India Investments, Emergence Capital, and Sequoia Capital.

For more information, visit www.getvymo.com

Related Links

Vymo for NBFC: https://www.getvymo.com/banking-sales-solutions/

Watch Vymo in action:  https://youtu.be/9saePnvir4M

Download Logo: https://bit.ly/33gXAHD

Media Contact:

Name: Gunjan Saha

Email: pr@getvymo.com

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Invest in AAA-rated Bajaj Finance Fixed Deposit to Enjoy 7.05 percent p.a. Growth

With global events sparking uncertainty and infusing a fresh dose of volatility into the market, investors may be eager to trade risk for fixed returns. Bajaj Finance Fixed Deposit, for instance, removes the “fear factor” as its returns are not linked to the market’s performance. It offers an FD rate of up to 7.05% p.a. This FD provides a suite of benefits, including flexible investment tenors, AAA credit ratings, special rates for senior citizens, SIP-like investment options, and more. Read on to know more about the upsides to investing in the Bajaj Finance FD.

High level of investment security

Funds parked in the Bajaj Finance FD remain safe and are free from poor market performance. Investors enjoy a constant FD rate regardless of how the market goes. Investors can thus lock in their funds at a high interest rate and plan for future goals accurately with the FD calculator. There’s no need to worry about the maturity value changing.

Investors also enjoy a high degree of safety regarding the timely payment of interest payouts and the principal deposited. The Bajaj Finance FD has the ICRA MAAA rating and CRISIL FAAA rating. These indicate that the investment is entirely safe, and investors will get their returns as promised and on time.

Earn interest at a fixed FD rate of up to 7.05% p.a.

Regular customers below age 60 can secure an FD rate of up to 6.80% p.a. when investing for a tenor of 36 months or more. On the other hand, senior citizens get an extra FD rate benefit of 0.25% p.a., taking the interest rate up to a maximum of 7.05% p.a.

Investors can begin with a small initial deposit of Rs. 25,000 or more, and easily forecast their returns with the FD calculator. Below are some quick illustrations with payouts on maturity.

  •  Non-Senior citizen

Initial Deposit

FD rate

Tenor

Maturity Value

Rs. 3,00,000

6.80% p.a.

60 months

Rs. 4,16,848

  • Senior citizen

Initial Deposit

FD rate

Tenor

Maturity Value

Rs. 3,00,000

7.05% p.a.

60 months

Rs. 4,21,750

Align FD returns to life goals with ease

Bajaj Finance offers investors a flexible tenor of 12 to 60 months. Those with short-term goals can place their funds in a safe environment and take back boosted returns at the end of the tenor. Investors with mid-to-long-term goals can opt for a tenor of 36 months or more, as investments with such long tenors fetch the best FD rate.

With flexible investment tenors, investors can also employ the technique of laddering and thereby set up a steady stream of liquidity. For instance, instead of investing Rs. 10 lakh in a single FD for five years, one can choose to open five FDs worth Rs. 2 lakh each for tenors of 1, 2, 3, 4, and 5 years. Investors can opt to continue the cycle by reinvesting funds in an FD with a 5-year tenor when the first matures.

Enjoy multiple options for liquidity 

When investing in an FD, the best route is to take back the genuine interest and principal at maturity. It ensures the returns are the highest possible. However, investors may require liquidity at regular intervals. For instance, senior citizens may appreciate quarterly income for medical or day-to-day expenses. Bajaj Finance supports this by offering the option of frequent payouts every month, quarter, six months, or year. Effectively, investors can set up a steady income stream through their interest earnings.

Likewise, when investors are pressed for finances, they retain the option to withdraw funds prematurely after the initial lock-in period of 3 months. However, to preserve the investment and avoid loss of interest, investors can also avail of a loan against their FD.

Earn while saving with a Systematic Deposit Plan

The Systematic Deposit Plan (SDP) facility by Bajaj Finance works like a SIP, but each contribution books a new FD. Here, investors can start their savings with a sum of Rs. 5,000 each month. Making one deposit at a time, investors can gradually build a large corpus.

One can opt for a:

Single maturity plan: To have all the FDs mature on a single, fixed date. Here, the tenor of each FD must be necessarily adjusted.

Monthly maturity plan: To have all the FDs mature after a fixed, constant tenor and thereby receive interest every month after the first FD matures.

These impressive benefits make the Bajaj Finance FD a top choice for investors looking to inject stability into their portfolios. One can access all the product details on the customer portal – Experia. Moreover, investors can visit one of the 1,000+ Bajaj Finance branches across the country, or better, invest online to begin earning at a competitive FD rate right away!

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

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

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

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

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

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

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

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

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

Hamdard salutes Armed forces and Police in its #SehatHaiToWatanHai campaign

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

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

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

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

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

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

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

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

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

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

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

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

About A&W Capital

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

For more information, please visit awcapitalltd.com.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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