Author: Rabindra

TeamLease EdTech and Kerala Government Partner to Boost Employabilit

Mumbai: 8th August 2024: TeamLease EdTech is proud to announce a new collaborative partnership with the Kerala Government to address the skill requirements, skill gap, and employability challenges in Kerala. This strategic alliance is set to design and implement impactful skill development through the Work Linked Degree Programs along with Credit Linked Diploma and Certificate, tailored to meet the specific needs of Kerala’s economy.

By combining their respective expertise, resources, and networks, TeamLease EdTech and the Government of Kerala are poised to equip Kerala’s workforce with industry-relevant skills through Work-Linked Degree Programs, internships, and apprenticeships. This initiative fosters increased demand from the state and facilitates a mutual exchange of knowledge, best practices, and industry insights between the two parties. The focus on continuous learning and practical experience aims to enhance the employability of individuals across Kerala, ultimately contributing to the state’s socio-economic development.

Shantanu Rooj, Founder, and CEO of TeamLease EdTech, stated, “This partnership represents a significant step towards bridging the skill gap and enhancing employability in Kerala. By integrating work-experience with academic learning, we aim to create a robust talent supply chain that meets the evolving demands of today’s job market. Our collaborative efforts with K-DISC will empower students with the necessary skills and knowledge to thrive in their careers and contribute effectively to the state’s economic growth.”

Dr P V Unnikrishnan, Member Secretary of KDISC, remarked, “The collaboration with TeamLease EdTech is a landmark initiative in our efforts to boost the employability and skill levels of our youth. By providing industry-oriented education and training, we are ensuring that our educated youth are well-equipped to meet the challenges and opportunities of the future. This MoU will significantly enhance the employment prospects of our students, thereby fostering sustainable economic development in Kerala.”

This Memorandum of Understanding (MoU) between TeamLease EdTech and KDISC underscores a shared commitment to socio-economic development. The initiative will provide gainful employment opportunities through industry-oriented Work Linked Degree Programs, Credit Linked Diplomas, and Certificates, making high-quality education and practical training accessible to all.

Karma Primary Healthcare Secures Series A Funding from UBS Optimus Foundation

New Delhi, 07th August 2024: Digital healthcare startup Karma Primary Healthcare has secured funding from UBS Optimus Foundation as part of its Series A funding round. This investment brings the total Series A funding to ₹11 crore (about $1.3 million). The round also saw participation from 1Crowd and other investors.

The capital will be strategically deployed to enhance Karma’s technological capabilities; extend value-added services; and expand the team as it builds-out a patient-centric care model for rural patients in India. Karma aims to reach 100 locations serving over 150,000 patients annually by 2027.

Dhun Davar, Head of Social Finance, UBS Optimus Foundation and Head of Social Impact & Philanthropy, India and Middle East, UBS, said: ”UBS Optimus Foundation aims to scale quality primary healthcare for vulnerable communities around the world and make it more accessible. Our partner Karma Primary Healthcare has assisted hundreds of thousands of patients in rural India since our partnership began and our continued funding will help them expand their network of medical facilities and further strengthen their digital platform.”

The funding will enable Karma to transition from a transaction-based care model to a value-based care model, including the development of value-added services and referral networks. It will also support the enhancement of predictive analytics capabilities, allowing for improved patient data management and personalized healthcare solutions.

“We are delighted by the profound impact Karma has created by revolutionizing the primary healthcare space in India. Their unwavering commitment to bridging the healthcare gap by providing medical care solutions including phygital[1] consultations, advanced diagnostics, quality medicines, and health education in underserved geographies has truly been inspiring. Having supported Karma since their early days, we’re proud of the progress Jagdeep and his team are making in setting new standards in healthcare delivery. We remain committed to Karma’s transformative journey towards providing a continuum of care to people across the country.“ said, Natasha Kothari, Co-Founder, 1Crowd.

Jagdeep Gambhir, CEO & Founder, Karma Primary Healthcare stated, “UBS Optimus Foundation’s support aligns perfectly with our mission to revolutionize quality healthcare access for low-middle-income communities in rural India. This long-term commitment from UBS-OF supports our vision for sustainable growth.”

Founded in 2014, Karma enables access to quality primary healthcare across 8 states in India through its assisted telemedicine model. The company has witnessed a threefold increase in its patient base over the last three years impacting more than 350,000 lives with validated positive health outcomes, with 55% of them being women. Karma has been able to achieve this growth on the back of a robust technology platform that addresses both awareness gaps and service delivery gaps which has enabled it to accumulate a comprehensive dataset of patients in rural India.

International SOS Foundation Recognises Organisations for Their Exceptional Duty of Care Initiatives

India, Aug 7, 2024 – The International SOS Foundation has revealed its 2024 Duty of Care Awards shortlist today. Entries from 29 different countries were received amongst others from leading technology firms and financial institutions to top-tier education and aerospace organisations.

 Honouring organisations worldwide for their dedication to protecting their global workforce’s health, safety, security and wellbeing, the Awards are now in its seventh edition. The Awards’ theme, Leading Change for a Re-Imagined Future, is befitting in this continuously changing risk landscape.

 This year’s Head of Judges, Deborah de Cerff, Founder of The Employee Mobility Institute (TEMI), said, “On behalf of our esteemed panel of judges, I extend our sincerest congratulations to this year’s exceptional finalists. The calibre of entries was truly inspiring, demonstrating an unwavering commitment to safeguarding employee health, safety, security, and wellbeing. These organisations and individuals have set a remarkable standard for Duty of Care. Their achievements serve as a beacon for others, illuminating a path towards a safer and more secure future for workforces globally.”

 Kai Boschmann, Executive Director of the International SOS Foundation, said: “The escalating intersection of global threats requires innovative risk management strategies to protect people. We will honour the pioneering solutions at the forefront of Duty of Care, for a more resilient future.”

 The International SOS Foundation is proud to present Chubb, the world’s largest publicly traded property and casualty insurance company, as the Platinum sponsor of the 2024 Duty of Care Awards & Summit. The Awards & Summit will also have supporting sponsorship from Workplace Options (WPO), Munich Re and Koa Health.

The winners across our six categories will be announced live at our Duty of Care Awards & Summit, which will take place on 31 October 2024 at the Fullerton Hotel in Sydney, Australia.

Pacific D21 Mall Dwarka Celebrates Teej Mahotsav 2024

New Delhi, 7th August 2024: Pacific D21 Mall, Dwarka organised Dwarka Teej Mahotsav 2024 celebrating the vibrant and rich culture. The festival is dedicated to the celebration of love, devotion, and marital bliss holding immense significance in Indian culture. The event witnessed a remarkable turnout creating a lively atmosphere that showcased the traditional essence of Teej in all its glory.

The event saw a variety of engaging activities for the attendees throughout the day enjoying intricate mehendi designs, lively games, and enthralling dance performances by 25 talented artists. The competitions included a vibrant fashion show and a spirited game of musical chairs, with winners receiving beautiful gifts from the gifting partner, Senco Gold that made the event even more memorable.

Mr. Abhishek Bansal, Executive Director of Pacific Group, expressed his delight over the event’s success. He remarked, “The Dwarka Teej Mahotsav 2024 at Pacific D21 Mall has truly been a celebration of culture, tradition, and community spirit. We are thrilled to see such a wonderful turnout and the joy it has brought to everyone involved. Our heartfelt thanks to all the artists and participants who made this event memorable.”

The Dwarka Teej Mahotsav 2024 showcased the rich cultural heritage and strong community spirit, leaving everyone with cherished memories.

Study by Zell Education: Rising Interest in Finance & Accounting Among Female Non-Metro Students

A recent study conducted by Zell Education, India’s leading finance and accounts Ed-tech platform, has uncovered a significant increase in the number of students expressing interest in pursuing careers in finance after completing their 12th grade. The study, which compared data from 2023 and 2024, reveals a 15% year-over-year increase in finance career aspirations among high school graduates.

The study revealed several noteworthy trends in finance career aspirations among Indian students. A significant shift in career preferences was observed, with the percentage of surveyed students aspiring for finance careers after 12th grade increasing from 35% in 2023 to 50% in 2024.

This change was reflected in enrollment patterns, with overall enrollments in finance-related courses rising by 5% compared to the previous year. Notably, the Chartered Financial Analyst (CFA) course experienced the most substantial surge, likely due to recent changes in eligibility criteria.

The research also highlighted a demographic shift, with a consistent increase in the percentage of female students aged 18-21 from non-metropolitan cities in India enrolling in finance courses. Additionally, the study identified emerging areas of interest among students, particularly in Environmental, Social, and Governance (ESG) reporting, indicating an awareness of evolving industry trends.

Anant Bengani, Co-Founder & Director of Zell Education, commented on the findings: “The finance industry has always been a coveted career destination, but we are delighted to see an unprecedented level of interest from students fresh out of high school. This trend highlights the evolving mindset of our youth, who are eager to embark on rewarding and challenging careers in finance from an early stage.”

The Zell Education study highlights a significant shift in career aspirations among Indian high school graduates, with an increasing number recognizing the diverse opportunities in the finance sector. This trend, coupled with the diversification of the student population pursuing finance education, suggests a bright future for the industry in India.

Shri Abhijeet Sinha: Sustainable Cities and Circular Economy Key as India Aims for dollar35 Trillion Economy

New Delhi, 7th August: The PHD Chamber of Commerce and Industry (PHDCCI) hosted the “PHDCCI Sustainable Cities Summit” under the theme “Viksit Bharat@2047 – Building Resilient Cities of Tomorrow” at PHD House, New Delhi. The summit witnessed insightful discussions and the launch of a significant knowledge report on the financing of sustainable cities.

In his address, Guest of Honour, Mr. Abhijeet Sinha, National Program Director, Ease of Doing Business; Project Director – National Highways for EVs; President – CPOs of India; and former CAG Member, shared India’s journey from a jittery economy in 2013 to becoming the world’s 5th largest economy in 2023. He underscored the importance of sustainability and resilience in this transformation. Mr. Sinha highlighted the global recognition of Mission LiFE, adopted by G20 countries in the Delhi declaration. He drew a cultural parallel, contrasting India’s Vedic tradition of respecting nature with the resource-centric views of Abrahamic cultures. He also stressed on building a future where economic progress harmonizes with environmental stewardship.

Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI in his welcome remarks emphasized the economy’s transition towards green initiatives. He highlighted the importance of human-centric sustainable cities, urging a collective effort beyond governmental dependency. Dr. Mehta introduced the government’s Mission LiFE (LiFEStyle for Environment), aimed at promoting sustainable living practices initiated by the Central Pollution Control Board (CPCB). He stressed the need for individual commitment to sustainability, starting from daily life practices such as conserving water and electricity. Dr. Mehta particularly urged the younger audience to lead by example in adopting sustainable habits.

Mr. Ashish Agarwal, Director, Resurgent India, in his theme remarks announced the launch of the knowledge report titled “Financing of Sustainable Cities” at the summit. He expressed gratitude to PHDCCI for highlighting this crucial topic. Mr. Agarwal discussed the active role of the Smart Cities Mission in India, noting the increasing urban population and the resulting need for sustainable solutions. He explained the concept of smart cities and the challenges in securing funding, revealing that private sector investment in sustainable city funding is currently at a mere 5%. Highlighting innovative funding mechanisms, he spoke about Green Bonds, Municipal Bonds, and Land Value Capture (LVC), citing examples from cities like Toronto, Cape Town, San Francisco, and Hyderabad.

Mr. Uddhav Poddar, Managing Director, Bhumika Group, addressed the impact of rapid urbanization on limited resources, advocating for the urgent adoption of sustainable practices. He pointed out India’s unique position due to its climate, population, and resources, which present a significant opportunity for leading the sustainable cities initiative. Mr. Poddar also mentioned various government projects operating under the Public-Private Partnership (PPP) model.

Dr. Jatinder Singh, Assistant Secretary General, PHDCCI, concluded the summit with a vote of thanks, acknowledging the contributions of all speakers and participants.

The Summit deliberated on the crucial aspects of sustainability in the technical panels themed,

( 1) Sustainable Urban Planning, Architecture, Real Estate & Infrastructure; (2) Sustainable Mobility and Transportation; (3) Navigating Sustainable Future through Green Energy; and (4) Sustainable Health Management

The summit was supported by Anant Raj Ltd. and Bhumika Group, with Resurgent India serving as the Knowledge Partner; and was also supported by PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.

Disciplined Growth and Operational Excellence Propel Vedanta’s Strong Q1FY25

By-Mr. Navin Agarwal, Executive Vice Chairman, Hindustan Zinc Ltd. and Non-Executive Director, Vedanta Ltd.

Disciplined growth. Operational excellence. Exploring opportunities along the value chain. And an unwavering commitment to sustainability.
A foundation based on these has resulted in a great quarter and has set us on a path to a transformative FY25. #Q1FY25 saw Vedanta Limited clock a #profit of Rs 5,065 crore, which is an increase of 54% YoY & 124% QoQ respectively, supported with an overall ~20% decline in cost of production alongside healthy margins.
I am also pleased to share that we are on track with our demerger into industry-leading, focused entities with sharper investment propositions.
As we look ahead into FY25, we foresee a remarkable growth across our entire portfolio, and remain committed to our near term $30bn annual revenue target.
Our strategy is clear, our foundation is solid, and our team is energized to capitalise on the tremendous growth prospects that lie before us. We thank you for your continued support and confidence in our journey. #TransformingForGood
@Vedanta_Group

Vikrant Massey supports inDrive’s campaign – “Ride to Donate” in collaboration with Cry India

August, 2024, New Delhi: In an effort to make a meaningful impact on communities in need, inDrive is proud to announce its partnership with Cry India to drive the Ride to Donate campaign. Through Ride to Donate, inDrive users expressed their support for this initiative simply by using the inDrive app for their transportation needs. The “Ride-to-Donate” project aimed to donate 10% fare of every fourth ride to Cry India, to support underprivileged kids through education, development programs & other children welfare initiatives.

Avik Karmakar, Senior Marketing Manager – South Asia, inDrive said “Through Ride To Donate” campaign we want to Challenge Injustice happening in the society where a lot of childhood dreams & opportunities either get broken or stolen which is the bare minimum need – The Right to Education. We donated INR 34,00,000 to help kids through CRY India. This could happen because over 1 Lakh users across Delhi NCR, Kolkata and Chandigarh participated for the cause.”

Vikrant Massey (inDrive’s Brand Ambassador) said, “The Ride to Donate campaign by inDrive is a testament to the company’s dedication to challenge injustice and create positive change for all the communities. I am really happy being a part of this initiative and proud of my association with such a people driven organisation.”

Pratip Mazumder, Country Manager India, inDrive said ”We believe that by mobilising our community through purpose-driven initiatives like Ride to Donate, we can amplify our impact and inspire others to join us in building a more equitable society. This partnership reflects our commitment to fight social injustice and empower our neglected communities to make a positive difference in their lives.”

Trina Chakrabarti, Regional Director, CRY (East), said “We are glad to collaborate with inDrive on the Ride to Donate initiative. Together, we can harness the collective power of individuals and technology to address pressing social challenges and create a brighter future for all.”

The Ride to Donate initiative was launched to serve the communities where users can simply participate by tapping the ‘Ride to Donate’ banner within the inDrive app. Every ride taken during the campaign contributes to making a difference in the lives of others.

A Festival for Every Month: Goa’s Celebration of Culture

Goa, a treasure trove of cultural diversity and tradition, this tiny state boasts a rich tapestry of festivals that reflect its unique history and multicultural fabric. Every month heralds a new festival that transforms the state into a vibrant canvas of cultural celebration. From the rhythmic beats of traditional dances to the enchanting melodies of folk music, these festivities are an immersive experience of Goa’s rich heritage.

Each event unfolds like a chapter in a living storybook, where the past and present converge to create a kaleidoscope of colors, sounds, and flavors. A calendar that features at least one major festival each month, Goa stands as a beacon of cultural celebration, showcasing its heritage with pride and enthusiasm.

First Quarter: A Vibrant Start to the Year
The year begins with the Three Kings Festival in January, commemorating the journey of the Magi to visit the infant Jesus. This festival features processions of three boys dressed as kings, riding on horseback, accompanied by music and dance. It culminates in a grand feast that brings the community together, attracting both locals and tourists who relish the cultural experience.

February is a month of revelry, marked by the famous Carnaval. The streets come alive with vibrant parades, floats, and masquerades, showcasing Goa’s exuberant spirit. Simultaneously, the Potekar Festival on the Divar island involves masked revelers who mimic the chaos before Lent. Shiv Jayanti, honoring the birth of Maratha king Chatrapati Shivaji Maharaj, is celebrated with rallies, processions, and historical reenactments, reflecting the Maratha influence on Goan culture. The Monte Music Festival, One of Goa’s most renowned music festivals, organized by Fundação Oriente and The Food and Cultural Festival also takes place in February, showcasing Goa’s rich legacy and unique customs.

March is a festival bonanza. Shigmo, a spring festival akin to Holi, features vibrant parades, folk performances, and traditional music, celebrating the spirit of renewal. Chorutsav, the festival of thieves showcases playful mock battles with sticks, while Veerbhadra is marked by rituals honoring a fierce form of Shiva. Homkund, Shenni Uzzo, Gade Utsav, Gulalutsav, Godhemodni and Shisharanni each add their distinct flavors, with fire-walking, ritualistic dances, and community feasts, showcasing Goa’s diverse cultural tapestry.

Second Quarter: Heritage and Tradition
April is a time for religious reflection and new beginnings. Easter is celebrated with solemn processions, midnight masses, and joyous feasts. Ram Navmi, marking the birth of Lord Rama, features prayers, bhajans, and festive gatherings. Gudi Padwa is observed with colorful gudi flags, traditional delicacies, and community events.

May celebrates Goa’s cultural and culinary heritage. The Goa Heritage Festival in Saligao showcases traditional crafts, folk performances, and local cuisine. The Spirit of Goa Festival highlights the state’s authentic drinks made from urrak and feni with vibrant music and dance. The Cashew Festival pays homage to Goa’s beloved nut, with tastings, workshops on feni (cashew liquor) production, and culinary competitions, drawing food enthusiasts and tourists alike.

In June, the Sao Joao Festival is celebrated with boat races, water games, and the traditional jumping into wells and streams, symbolizing the joy of St. John the Baptist. Sangodd, a festival of fishermen, features beautifully decorated boats parading on Goa’s rivers, accompanied by music, dance, and communal feasts, celebrating the symbiotic relationship between Goans and their waterways.

Third Quarter: Monsoon Magic and Community Spirit
July brings the unique Chikal Kalo, a mud festival in Marcel, where participants revel in playful games and rituals in muddy fields. This festival, believed to symbolize Lord Krishna playful enactments, is a testament to Goans’ playful spirit and connection to nature, drawing both participants and onlookers.

August is marked by the Bonderam Festival on Divar Island, featuring lively parades with colorful flags. The festival’s vibrant displays, music, and community spirit attract crowds from all over, making it a unique spectacle in Goa’s festival calendar. The month also hosts the Vasco Saptah Festival, during which the entire area is transformed as thousands flock to the old town of Vasco da Gama to pay their respects to Lord Damodar. Saptah, meaning ‘seven days,’ involves a week-long celebration where the Swatantra Path is turned into a bustling mela with various stalls. Devotees from near and far visit the temple and then partake in the vibrant fair, creating an atmosphere of devotion and festivity.

September celebrates Ganesh Chaturthi with grand processions and intricately crafted idols of Lord Ganesha adorning homes and temples. The festivities include prayers, cultural performances, and community feasts. Janmashtami, marking Lord Krishna’s birth, is celebrated with devotional songs, dramatic reenactments of Krishna’s life, and dahi handi (pot-breaking) competitions, reflecting the deep-rooted traditions in Goan culture.

Fourth Quarter: Festive Finale
October lights up with Diwali, the festival of lights, celebrated with diyas, fireworks, and sweets. The unique Narkasur effigy-burning ceremony, held on the eve of Diwali, symbolizes the triumph of good over evil, drawing crowds for its dramatic visual spectacle. Makar Utsav celebrates the harvest with traditional rituals, music, and dance, reflecting Goa’s agrarian heritage.

November’s highlight is Tripurari Purnima, in Vithalapur Sankhali, is celebrated with floating lamps and cultural events along Goa’s rivers. This festival marks the end of Diwali festivities and heralds the onset of winter, with illuminated boats and riverside gatherings creating a magical atmosphere.

The year concludes with the Feast of St. Francis Xavier, drawing pilgrims to Old Goa for solemn masses, processions, and cultural events. Christmas follows, transforming Goa into a wonderland of lights, music, and festive cheer. The celebrations blend religious devotion and joyful revelry, with midnight masses, carol singing, and elaborate feasts, making it a grand finale to the year.

The Department of Tourism has been instrumental in promoting these festivals as key cultural attractions, recognizing their potential to enhance tourism and foster cultural exchange. By organizing events, and providing infrastructure, the department plays a crucial role in preserving Goa’s cultural heritage. Initiatives such as the annual cultural calendar and strategic marketing campaigns have helped position Goa as a destination that celebrates diversity and tradition.

Goa’s progress as a state that celebrates cultural festivals is a testament to its rich heritage and vibrant community spirit. With government support and a commitment to inclusivity, the Goa Tourism Department has successfully turned its festivals into grand celebrations that attract visitors from around the world. As the state continues to embrace its multicultural identity, it remains a shining example of how tradition and modernity can coexist in harmony, creating a unique and captivating cultural experience for all.