Author: Rabindra

Prime Minister Shri Narendra Modi Visits IREDA Pavilion at RE-INVEST

Mumbai, 16th September 2024: The Hon’ble Prime Minister of India, Shri Narendra Modi, today visited the Indian Renewable Energy Development Agency Limited (IREDA) pavilion at the 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) at Mahatma Mandir, Gandhinagar, Gujarat. Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of IREDA, welcomed the Prime Minister and provided an overview of IREDA’s 37-year journey as the nation’s leading green financing NBFC. Shri Das shared IREDA’s vision to lead sustainable development, connect people with green energy, and help achieve the country’s renewable energy targets.

Shri Modi was accompanied by Shri Pralhad Joshi, Union Minister for New and Renewable Energy, Consumer Affairs, Food and Public Distribution; Shri Acharya Devvrat, Hon’ble Governor of Gujarat; Shri Bhupendra Patel, Chief Minister of Gujarat; and Shri Bhupinder Singh Bhalla, Secretary, MNRE and other dignitaries. The dignitaries commended IREDA for its pivotal role in financing India’s green transition and supporting the Government of India’s 500 GW non-fossil fuel installed capacity target by 2030.

The IREDA pavilion, themed “Responsible for Renewables,” showcased the company’s commitment to sustainable development and its strategic focus on financing renewable energy projects aligned with country’s Panchamrit targets for 2030 and the Viksit Bharat 2047 vision.

CMD Shri Pradip Kumar Das expressed his honour to welcome the Hon’ble Prime Minister, reaffirming IREDA’s dedication to financing renewable energy expansion and contributing to the nation’s target of 500 GW by 2030 and net-zero emissions by 2070. He emphasized IREDA’s leadership in driving India’s green energy revolution and fostering a self-reliant, sustainable future for all.

Golden Growth Fund (GGF) Announces Launch of Rs400 Crore Real Estate Fund

New Delhi, 16th September, 2024: Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF), has announced the launch of a new real estate fund with a commitment of ₹400 crore. With the first closing of ₹40 crore already secured, the fund is on track to reach its full target within the next 18 months, marking a significant milestone for GGF as it continues to expand its footprint in the Indian real estate market.

GGF’s strategy stands out due to its focus on brownfield projects, particularly in the highly sought-after regions of South Delhi and Lutyens’ Delhi. The real estate market in Delhi, especially in these areas, is known for its dynamic nature and high demand. South Delhi, with its upscale neighborhoods such as Anand Niketna, Vasant Vihar, Defence Colony, and Greater Kailash, offers a strong appreciation potential owing to limited land availability and a robust demand for properties. On the other hand, Lutyens’ Delhi, known for its historical significance and premium properties, commands the highest real estate values in the country, though with fewer opportunities for new developments.

Commenting on the launch of the fund, Ankur Jalan, CEO of Golden Growth Fund, said, “The launch of the Golden Growth Fund is a strategic move aimed at capitalizing on high-value brownfield projects in prime locations like South Delhi and Lutyens’ Delhi. Our focus on these premium projects allows us to offer investors an exceptional opportunity to engage with the real estate market, ensuring faster project turnarounds and minimized risks. This approach positions GGF as a leader in delivering value and security to our investors.”

Golden Growth Fund’s focus on brownfield projects offers a distinct advantage over other realty funds, which primarily target greenfield developments. GGF’s project turnaround time is anticipated to be between 15-18 months, significantly shorter than the 60-72 months typically seen in greenfield projects. Additionally, GGF’s projects face no time escalation, construction cost escalation, or government regulation uncertainties, unlike the high risks associated with other realty funds. Furthermore, the infrastructure surrounding GGF’s projects is fully developed, reducing sale uncertainty and price volatility, which remain high in greenfield projects.

The appeal of South Delhi as a prime investment destination lies in its excellent location and connectivity. The region is not only home to some of the most luxurious neighborhoods but also offers a stable and predictable real estate market, making it a preferred choice for both domestic and international investors. While Lutyens’ Delhi commands higher property prices and offers limited new investment opportunities, its exclusivity and prestige ensure that it remains a highly desirable location for those seeking long-term value retention.

With decades of experience in real estate advisory and wealth management, GGF is positioned to become a leading player in the Delhi real estate market. By equipping investors with actionable insights and a diversified investment portfolio, the fund aims to deliver superior returns and drive growth in the region’s luxury real estate sector.

Hymns to Hara: A Solo Bharatanatyam Performance by Sharanya Chandran

Renowned Bharatanatyam dancer Sharanya Chandran enthralled audiences with her solo performance, Hymns to Hara, on Saturday, September 14th, 2024 at the Stein Auditorium, India Habitat Centre, New Delhi.

Through this captivating presentation, Sharanya delved into the multifaceted nature of Lord Shiva, exploring the diverse emotions he evokes: love, awe, devotion, valor and even disgust. Hymns to Hara featured a carefully curated selection of Bharatanatyam repertoire, woven together to celebrate the divine.

Sharanya has drawn inspiration from a rich tapestry of Indian literature, incorporating poems and verses from languages such as Tamil, Mythili and more. This diverse selection reflects the multifaceted nature of Lord Shiva and the cultural richness of India.

Speaking about the performance, Sharanya Chandran said, “This is a particularly special performance for me. It marks my return to the stage after a hiatus and I was excited to reconnect with my audience. Additionally, it is a tribute to my grandparents, both ardent Shiva bhaktas, as we celebrate their birth centennials. And to add to the significance, September 14th also marks my ten-year anniversary at J-PAL South Asia. I am proud to have successfully balanced my passions for development and dance.”

Sharanya was accompanied by her mother and guru, Padmashri Geeta Chandran, on the Nattuvangam, K Venkateshwaran on Vocals, Manohar Balatchandirane on the Mridangam, Varun Rajasekharan on Ghatam and G Raghavendra Prasath on Violin.

MAXHUB to Launch New Product Line at DIDAC India 2024 in New Delhi

New Delhi, 16th September 2024 – MAXHUB, a leading provider of collaborative solutions, is all set to launch its latest product lineup at DIDAC India 2024. The event will take place in New Delhi, where visitors can experience the new E2 series, U3 series, UC P30 PTZ camera, V7 series, MTR solution, and LED solutions at MAXHUB’s Booth C2.

The new products are designed to meet the evolving needs of both education and corporate sectors. E2 and U3 Interactive Flat Panel is designed for the education sector while, the V7 series of interactive flat panels (IFP) is tailored for corporate environments, Additionally, MAXHUB is introducing the UC P30 AI based, a new PTZ camera for enhanced video conferencing.

Alongside these products, MAXHUB will also showcase its MTR solution and LED solutions, giving visitors a comprehensive look at its latest offerings.

We are excited to showcase our new range of products at DIDAC India this year. Our goal is to provide innovative tools that help businesses and educators collaborate more effectively. We believe these solutions will play a key role in improving productivity and engagement, said Pankaj Jha, Managing Director of MAXHUB India.

The DIDAC India event offers a great opportunity to see MAXHUB’s latest technology in action. Attendees can visit Booth C2 to explore and interact with these new products.

Paytm Aims for PAT Profitability As It Grows Its Core Payments Business

Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox, and mobile payments in its 24th Annual General Meeting (AGM) on Thursday reaffirmed its commitment to profitability with a compliance-first approach while focusing on its core payments business. “With commitment to the core payments business, we aim to deliver PAT profitability soon,” Sharma said.

At the AGM, Paytm’s Founder and CEO, Vijay Shekhar Sharma, highlighted Paytm’s significant role in India’s digital payments revolution, particularly through its pioneering innovations like the QR code and Soundbox. “Our commitment has always been to create a world-class product for Indian businesses and small merchants, setting a global benchmark. Today our business has become a globally replicable template,” he said.

Being leaders in fintech and with a commitment to build for India, Sharma said that the team is ready to replicate the same success in Artificial Intelligence. “Our team is already utilizing AI across all areas—technology, product, business, and operations.

Paytm is focused on expanding its merchant base, currently serving around 40 million merchants, with a goal to reach 100 million across the country. Madhur Deora, President and Group CFO, underscored Paytm’s mission to bring half-a-billion Indians into the mainstream economy. He further highlighted the company’s strong financial position, noting a robust balance sheet with a cash balance of Rs 8,500 Crore.

Shikhar Dhawan Inspires DPSI Gurgaon Students at Special Event with Devyani Jaipuria Sports Academy

National, 16th September 2024; DPS International (DPSI) recently hosted an inspiring event featuring Shikhar Dhawan, founder of Da One Sports Academy, in collaboration with Devyani Jaipuria Sports Academy (DJSA). This event highlighted the exciting partnership between DJSA and Da One Sports Academy, aiming to promote holistic development in students through sports.

The event, held at DPSI, was a landmark occasion, reflecting the shared vision of both DJSA and Da One Sports Academy to nurture young talent and foster comprehensive growth. Shikhar Dhawan’s visit was a significant highlight, bringing the students a wealth of experience and motivation.

In his address, Dhawan urged students to pursue excellence and follow their passions. He advised, “Be your own biggest supporter, keep pushing forward, and never let your spark fade. Stay positive, trust your instincts, and focus on truly understanding what you learn, not just memorizing it. Avoid unnecessary stress.” His words left a lasting impact, motivating students to approach both academics and sports with greater determination.

The event provided a unique platform for students to engage with Dhawan, gaining insights from one of the foremost figures in sports. The interaction included motivational talks, Q&A sessions, and personal anecdotes from Dhawan’s illustrious career, offering students valuable perspectives on achieving success both in sports and in their personal lives.

Rima Singh, head of school, DPSI, expressed her appreciation for the event, saying: ” We were honored to have Shikhar Dhawan with us, sharing his valuable insights with our students. His emphasis on self-belief, perseverance, and holistic development aligns seamlessly with our educational ethos at DPSI. Our commitment extends beyond academic excellence to nurturing personal growth, and events like this play a crucial role in motivating our students to realize their full potential.

“At Da One Sports Academy, our mission is to inspire the next generation of athletes by providing them with the tools and guidance to excel both on and off the field. Through this partnership, we aim to empower students to build resilience, leadership, and a winning mindset, said Amitesh Shah, CEO, of Da One Group

The collaboration between DJSA and Da One Sports Academy underscores a shared commitment to integrating sports into education, aiming to develop well-rounded individuals. The comprehensive sports programs introduced through this partnership not only enhance physical abilities but also cultivate essential life skills such as leadership, teamwork, and resilience.

HCLTech ranks #1 India-headquartered company in TIME Magazine’s World’s Best Companies 2024

NEW YORK and NOIDA, India, Sept 16, 2024—HCLTech, a leading global technology company, is honored to announce its ranking as the highest ranked India-headquartered company in TIME Magazine’s World’s Best Companies 2024. This recognition highlights HCLTech’s exceptional performance across key parameters, including employee satisfaction, revenue growth and ESG (environmental, social and governance) metrics.

In addition to securing the top position among all India-headquartered companies, HCLTech is also distinguished in the global top 10 list within the Professional Services category. This marks the second consecutive year that HCLTech has been featured in these prestigious rankings.

“This accolade underscores HCLTech’s commitment to excellence and innovation,” said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. “It reinforces our leadership in the industry and our status as a top employer. Aligned with our purpose of ‘Supercharging Progress’ and ‘Find Your Spark’ employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals. We continue to set new benchmarks in fostering a people-centric culture and a sustainability-driven operating model.”

The World’s Best Companies 2024 ranking is a comprehensive analysis conducted to identify the top-performing companies across the globe. They were identified based on three primary dimensions:

Employee Satisfaction: The surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations from employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.
Revenue Growth: The companies generating revenue of at least US $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered.
Sustainability (ESG): Evaluated based on ESG data among standardized KPIs from Statista’s ESG database and targeted data research.

This latest accolade further strengthens HCLTech‘s impressive roster of awards, including recognition as a Forbes Best Employer for New Graduates, a Forbes Best Management Consulting Firm and a Global Top Employer by the Top Employers Institute. These honors collectively underscore HCLTech’s unwavering commitment to excellence, innovation and employee satisfaction.