9, Feb 2024
Space World Group Announces Completion Of Equity Divestment
New Delhi, February 9th 2024: Space World Group, a pioneering conglomerate with a focus on innovative and technology-driven ventures, announces the successful completion of a significant equity divestment transaction initiated in mid-2021. The divestment involved the sale of equity holdings in one of the group’s companies and was contingent on milestone-based considerations.
The shareholders of Space World Group had announced a Transaction in the mid of Year 2021, wherein, they divested their equity holding of one of their group’s companies. The Transaction was subject to an additional milestone-based consideration. In completion of this transaction, the Space World Group has received approx. INR 240 Crores in January 2024. This transaction represents significant achievement of business milestones by the Company.
Ankit Goel and Radhey R Sharma are first generation entrepreneurs and the founder of Space World Group. Space World Group is a conglomerate, having innovative and technology-driven companies focused on customer experience. The group started from a manufacturing unit to an integrated player in Optical Fibre, FTTx, Chemical Manufacturing, RF Components Manufacturing and Metal Fabrication Businesses. The Group has also recently launched India’s unique optical fiber-based infrastructure venture. Space Telelink Ltd, Horizon Performance Polyurethane Pvt Ltd, Ranext Technologies Pvt Ltd, Space World Digital Solutions Pvt Ltd (Constl), Space World Data Centres Pvt Ltd are the Group’s companies.
To the Transaction, Mr. Ankit Goel, the Managing Director and Chairman of the Space World Group, told “We have built this business from the ground and have been successful in setting the right fundamentals and direction. Basis the dedication of the team and strong business dynamics we were confident of achieving this additional milestone”.
This transaction reinforces Space World Group’s commitment to navigating strategic opportunities and creating value for its stakeholders. The proceeds from the divestment will further contribute to the group’s growth initiatives and ongoing pursuit of excellence in the dynamic business landscape.
- 0
- By Rabindra
9, Feb 2024
Square feet Group to Launch India’s First Dedicated Millennial Housing Project
Mumbai, India – February 9, 2024 – Square feet Group, a prominent real estate developer based in Thane, announces its plan to launch India’s first dedicated Millennial Housing Project, strategically located opposite the majestic Grand Central Park in Kolshet. The unveiling ceremony of Grand Central Park was honored by the esteemed presence of Maharashtra Chief Minister Eknath Shinde, marking a significant milestone in Mumbai’s Urban Built Environment.
The Grand Central Park, sprawling over 20.5 acres, stands as Mumbai’s largest Theme Park, boasting a rich tapestry of over 3,500 diverse species of trees and many amenities curated to offer an immersive experience to its visitors. From themed parks showcasing Mughal, Chinese, Moroccan, and Japanese cultures to a vibrant array of wildlife inhabiting its lush landscapes, the park promises to be a sanctuary of tranquillity amidst the bustling cityscape.
Speaking about this ground-breaking development, Sachin Mirani, Director of Square feet Group, stated, “It is a proud moment for all Thanekars to have a Grand Theme Park, and we want to congratulate our Honorable Chief Minister for making this a reality.” Further, he commented, “We are also thrilled to unveil a housing project right in front of the Grand Central Park that epitomises innovation, luxury, and convenience tailored specifically for the dynamic lifestyle of millennials. Our vision is to redefine urban living by seamlessly integrating modern amenities with the serenity of nature, offering residents a sanctuary where every need is meticulously catered for.”
The Millennial Housing Project promises a revolutionary living experience akin to a five-star hotel setup, where residents can effortlessly navigate through their daily routines with bespoke solutions at their fingertips. From culinary delights curated by professional chefs to housekeeping services and automated laundry facilities, every aspect of daily life is streamlined to offer unparalleled convenience. Mirani elaborated on the project’s innovative features, envisioning a holistic ecosystem to nurture physical and mental well-being. “Imagine a home equipped with a dedicated health and fitness expert, a personalised nutritionist, and a hybrid gym offering many online and offline sessions ranging from Yoga to Zumba. Additionally, residents will have access to a 4-acre podium featuring, luxurious swimming pool, open-air theatres, culinary delights, and many recreational facilities.”
The Millennial Housing Project by Square feet Group is poised to redefine the paradigm of affordable luxury living, offering the allure of high-end amenities at a competitive market price tailored to suit the discerning tastes of millennials. Whether embarking on a career journey or starting a family, this project caters to individuals seeking a harmonious blend of luxury, convenience, and community.
9, Feb 2024
Squarefeet Group to Launch India’s First Dedicated Millennial Housing Project
Mumbai, India – February9, 2024 – Squarefeet Group, a prominent real estate developer based in Thane, announces its plan to launch India’s first dedicated Millennial Housing Project, strategically located opposite the majestic Grand Central Park in Kolshet. The unveiling ceremony of Grand Central Park was honoured by the esteemed presence of Maharashtra Chief Minister Eknath Shinde, marking a significant milestone in Mumbai’s Urban Built Environment.
The Grand Central Park, sprawling over 20.5 acres, stands as Mumbai’s largest Theme Park, boasting a rich tapestry of over 3,500 diverse species of trees and many amenities curated to offer an immersive experience to its visitors. From themed parks showcasing Mughal, Chinese, Moroccan, and Japanese cultures to a vibrant array of wildlife inhabiting its lush landscapes, the park promises to be a sanctuary of tranquillity amidst the bustling cityscape.
Speaking about this ground-breaking development, Sachin Mirani, Director of Squarefeet Group, stated, “It is a proud moment for all Thanekars to have a Grand Theme Park, and we want to congratulate our Honourable Chief Minister for making this a reality.” Further, he commented, “We are also thrilled to unveil a housing project right in front of the Grand Central Park that epitomises innovation, luxury, and convenience tailored specifically for the dynamic lifestyle of millennials. Our vision is to redefine urban living by seamlessly integrating modern amenities with the serenity of nature, offering residents a sanctuary where every need is meticulously catered for.”
The Millennial Housing Project promises a revolutionary living experience akin to a five-star hotel setup, where residents can effortlessly navigate through their daily routines with bespoke solutions at their fingertips. From culinary delights curated by professional chefs to housekeeping services and automated laundry facilities, every aspect of daily life is streamlined to offer unparalleled convenience. Mirani elaborated on the project’s innovative features, envisioning a holistic ecosystem to nurture physical and mental well-being. “Imagine a home equipped with a dedicated health and fitness expert, a personalised nutritionist, and a hybrid gym offering many online and offline sessions ranging from Yoga to Zumba. Additionally, residents will have access to a 4-acre podium featuring, luxurious swimming pool, open-air theatres, culinary delights, and many recreational facilities.”
The Millennial Housing Project by Squarefeet Group is poised to redefine the paradigm of affordable luxury living, offering the allure of high-end amenities at a competitive market price tailored to suit the discerning tastes of millennials. Whether embarking on a career journey or starting a family, this project caters to individuals seeking a harmonious blend of luxury, convenience, and community.
9, Feb 2024
Elevate Your Valentine’s Day Experience @ Mercure Hyderabad KCP
Indulge in Romance at the Terrace Rooftop Restaurant
Mercure Hyderabad KCP is organising a special Valentine’s Day Dinner at The Terrace Rooftop Restaurant. Join us for an evening of refined romance and culinary delight amidst the captivating backdrop of the city’s skyline. Prepare to be enchanted as you and your loved one are enveloped in an atmosphere of intimacy and sophistication. Our culinary artisans have curated an exquisite menu designed to tantalize the senses, featuring an array of meticulously crafted dishes paired with the finest wines and champagnes.
Set against the ethereal glow of candlelight, every moment at our Terrace Rooftop Restaurant is destined to be cherished. As the stars twinkle above and the city lights dance below, your love story is sure to be etched in each other’s heart with golden twine in the cosy and romantic ambience of the venue.
For reservations and inquiries, please contact +9100019045
9, Feb 2024
ESAF Small Finance Bank Reports Strong Growth with 200% surge in Net Profit
Kochi, February 9, 2024: ESAF Small Finance Bank Limited announced its financial results for the quarter ended December 31, 2023. The bank reported a robust growth in its Net Profit, which surged by 199.8% year-on-year to ₹ 112 crore. The bank’s net interest income grew by 32.3% year-on-year to ₹ 597 crore, as the net interest margin stood at 10.6%. The pre-provisioning operating profit increased by 20.5% YoY to ₹ 288 crore in Q3 FY24. the return on asset (ROA) and return on equity (ROE) stood at 2.3% and 25.5%, respectively.
The bank’s total business grew by 38.3% YoY to ₹ 37,009 crore in Q3 FY24, as against ₹ 26,763 crore in Q3 FY23. The gross advances grew by 36.7% YoY to ₹ 17,153 crore in Q3 FY24, as against ₹ 12,544 crore in Q3 FY23. The advances under management (AUM) for the quarter stood at ₹ 18,149 crore, up by 35.9% YoY. Of the AUM, micro loan and other contributed 72%, while retail loans accounted for 28%. The disbursements during Q3 FY24 grew by 10.6% to ₹ 3,893 crore, as against ₹ 3,521 crore in Q3 FY23.
The bank’s total deposits grew by 41.0% YoY to reach ₹ 18,860 crore in Q3 FY24, compared to ₹ 13,412 crore in Q3 FY23. The current account and savings account (CASA) deposits increased by 20.3% YoY to ₹ 3,562 crore, compared to ₹ 2,960 crore in Q3 FY23. The CASA ratio stood at 18.9%.
The bank’s asset quality improved in Q3 FY24, as the gross non-performing assets (GNPA) ratio stood at 4.2%, as compared to 7.2% in Q3 FY23. The net non-performing assets (NNPA) ratio stood at 2.2% of the advances in Q3 FY24. The provision coverage ratio (PCR) stood at 59.5%. The capital adequacy ratio (CRAR) was 21.0%, and the Tier I ratio was 18.9%, as at the end of December 2023.
Commenting on the results, Mr. Kadambelil Paul Thomas, MD & CEO of ESAF Small Finance Bank Ltd., said, “The growth in the bank’s business numbers has been satisfactory. We are particularly pleased to note a year-on-year growth of 38% in our business numbers. Keeping this positive trend in mind, the bank is strategically reinforcing its efforts to ensure continued success. Through improved supervisory oversight at the field level, we aim to proactively manage potential challenges and further optimize our operational efficiency. With these initiatives underway, we are confident in achieving better performance in the coming quarters.”
9, Feb 2024
This Valentine’s Day, Kushal’s introduces their new jewellery collection, ‘Love that Shines’ to celebrate love
National, 09th February 2024: Leading fashion & silver Jewellery brand—Kushal’s, has embraced the essence of love and elegance with the launch of their ‘Love That Shines’ jewelry collection, just in time for Valentine’s Day.
The carefully crafted 92.5 Sterling Silver Collection from Kushal’s is a perfect blend of subtlety and sparkle, representing minimalist chic design in beautiful rose gold plating, making the jewellery look exquisite. The collection includes sleek chains with modern heart and infinity symbol pendants, earrings, bracelets, and promise rings that shine in every moment. These products are also available in rose gold, rhodium and gold pigment plating.
What sets this collection apart is the stunning jewellery designs and the thoughtful digital Video Campaign (DVC) accompanying it. The campaign, aptly themed around ‘Love That Shines,’ goes beyond the glimmer of jewellery to highlight the significance of small gestures in relationships. The emphasis on acts of love and kindness between partners, from simple breakfasts to thoughtful rides to work, adds a unique dimension to the campaign, resonating with the brand’s recognition that every couple has their language of love.
While expressing the brand’s vision, Ankit Gulechha, Director – Marketing at Kushal’s, said, “The strength of a bond lies in the significance of small moments. We celebrate those gestures with our ‘Love That Shines’ collection this Valentine’s Day, meticulously crafted in 92.5 sterling silver. The jewellery goes beyond the aesthetics and brings you the opportunity of perfect gifting – an everlasting piece of jewellery. With durable and stylish designs symbolizing the endurance of love, the jewellery is thoughtfully priced to ensure accessibility to a wider audience, making each piece a perfect and lasting token of affection.”
The focus on minimalistic and chic designs tailored for modern Indian women indicates a thoughtful approach to addressing consumers’ diverse needs and styles. The brand’s commitment to providing a seamless online and offline shopping experience reinforces its dedication to making these beautiful pieces easily accessible to customers.
9, Feb 2024
When to Act: Recognizing the Warning Signs of Diabetic Foot Complications
Dr Rajeev Premnath, General Laparoscopic Surgeon and Endoscopist, Minimally Invasive Proctology Department at Ramakrishna Hospital, Bengaluru
Your feet are like health detectives, giving you valuable clues about your overall well-being. Instead of waiting until you’ve accidentally hurt them, start paying attention to your feet—they might be trying to warn you about potential health issues. After all, your feet are more than just the sturdy support for your adventures; they’re like a health barometer, ready to share important insights about your body.
If your feet frequently experience the sensation of “falling asleep,” it could be a signal that diabetes is at play. Elevated sugar levels might be causing a crucial nerve in your foot to misfire. Don’t ignore the warning signs—open sores, cuts, or injuries that drag your feet in healing could be red flags. It’s like your feet are sending an SOS, so don’t hesitate to seek a podiatrist’s expertise. If there’s a tingling or numbness sensation, it could be your body’s way of whispering, “Check for diabetes!”
Diabetes in India
In India, about 77 million adults aged 18 and above have type 2 diabetes, and almost 25 million are on the brink of developing diabetes. India stands second globally in the diabetes count. Both Type 1 and Type 2 diabetes mess with how our bodies handle blood sugar, and it all revolves around the hormone, insulin. Insulin, crafted by the pancreas’ beta cells, shuttles glucose from our food into cells for energy. Type 2 diabetes kicks in when cells resist insulin, causing sugar levels to rise, potentially impacting the heart, kidneys, and vision. Type 1 diabetes, an autoimmune battle, destroys insulin-making beta cells with no cure, requiring insulin. Type 2 diabetes, often tied to lifestyle choices like obesity, can be tackled with a mix of healthy eating, exercise, and sometimes medications. Now, let’s explore the signs your feet may be signaling that it’s time to take action, especially if you have diabetes.
Exploring Diabetic Foot Complications
Nerve Troubles (Neuropathy): For people with diabetes, a common challenge is neuropathy, when foot nerves act up, bringing on tingling that hints your nerves might be in trouble, along with numbness or pain. If you notice a burning feeling, it could be a sign of nerve discomfort. Weak muscles are like a warning sign for nerve problems. Finding these signals early on is crucial for proper care.
Blood Flow Blockade (Peripheral Artery Disease): Another issue connected to diabetes is peripheral artery disease, which messes with blood flow to the extremities, like the feet. Watch for chilly or cold feet, as it might mean less blood flow. Slow-healing wounds could suggest circulation problems, and changes in skin color may signal vascular issues—warning signs that need quick attention.
Immunity Dilemma (Infections): Diabetes weakens the immune system, making infections more likely. Foot infections can escalate fast, stressing the importance of keeping a close eye and taking timely action.
Toenail Health: Your toenails spill secrets, especially about diabetes. If they break easily or get thick, it’s a nudge to check your blood sugar. Dark or yellow nails, tricky ingrown toenails, and slow healing are signals for a diabetes check. Diabetes can lead to toenail fungus, so stay alert for any thickness or color changes.
Neglecting foot issues can have a domino effect on overall health, potentially impacting the cardiovascular system and mobility.
Steps Towards Health Wellbeing
In a nutshell, embracing a healthy lifestyle is key to managing diabetes and ensuring optimal foot health. Start by keeping a close watch on your blood sugar levels through a balanced diet and regular exercise. Equally important is choosing the right footwear, acting as a shield against potential diabetes-related issues. Also don’t forget good hygiene practices, a robust defense lowering the risk of foot infections. The most crucial aspect is focusing on enhancing immunity.
9, Feb 2024
Experience a romantic Valentine’s Day celebration at Hyatt Regency Dehradun Resort & Spa
For those seeking a fairytale Valentine’s Day retreat, look no further than the Hyatt Regency Dehradun Resort & Spa. Providing a mesmerizing celebration amid stunning scenery, enhanced by a luxurious pool and intimate dining options, this hotel is at the forefront of setting the stage for a truly romantic Valentine’s Day experience.
Indulge in a luxurious dining experience at Range, the cosmopolitan culinary haven
Enhance your evening with flavour and romance as you savour delicious Indian and international dishes paired with a wide selection of sparkling wines. Indulge in Chef’s expertly curated creations, each celebrating unique flavours, while the Valentine’s Day menu highlights Range’s live culinary specialities. Make this romantic occasion truly enchanting with an abundance of culinary offerings.
Love in Luxury: book the perfect date for a picture-perfect evening at Skypool
Spark romance at the hotel’s poolside cabana, enveloped in luxurious elegance. Indulge in a private evening featuring a delicious five-course gourmet menu and a bottle of sparkling wine. The hotel enhances the experience with complimentary gifts and bespoke butler service, adding an extra touch.
Celebrate your love story at Beyul, where your Valentine’s Day festivities commence with exquisite cocktails.
Indulge in the eclectic ambience of the hotel’s premier party destination and enjoy a selection of expertly crafted cocktails complemented by a retro-inspired DJ night to dance the evening away. Beyul offers an endless pour of handpicked IMFL beverages alongside the chef’s specially curated menu of the day to make your Valentine’s even more special.
The Hyatt Regency Dehradun Resort & Spa prides itself on its detailed attention to guests’ needs, ensuring a truly satisfying experience. From the shimmering swimming pool to the indulgent health spa and exquisite dining options, everything is crafted to offer a comfortable experience. As romance blossoms, the hotel stands ready to embrace this special occasion, providing an amazing blend of luxury and love.
9, Feb 2024
Persistent Launches Population Health Management Solution
February9, 2024
Santa Clara, CA and Pune, India
Persistent Systems (BSE and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft. Aligned with value-based care models, the Solution identifies Social Determinants of Health (SDoH) to determine patients’ non- clinical needs and better predict the cost of care driven by clinical conditions. It helps patients receive quality care at the right time and in the right place, while optimizing capacity and cost- effectiveness for healthcare providers and organizations.
Predictive risk modeling is a critical tool to identify patients who will require significant medical assistance, as a relatively small proportion of the population accounts for the majority of healthcare spending. Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, Persistent’s PHM Solution identifies SDoH based on Electronic Health Records (EHR) data. Since up to 80% of key patient information within an EHR is in the form of unstructured clinical notes, Persistent’s Solution accurately extracts this information, unlike PHM solutions in the market, which are solely dependent on third-party data sources or survey data. This innovative method, compared to existing natural language processing-based approaches, is intended to improve patient outcomes through more timely and intelligent care recommendations, and provides higher accuracy, improved scale, and increased compliance.
In addition, Persistent’s PHM Solution assists a physician or a caregiver in recommending personalized interventions through community-based programs and care management teams to prevent emergency department visits, avoidable readmissions, and extended hospital stays. The Solution decreases 30-day readmissions by up to 60%, and continuously monitors correlations and outcomes to ensure quality patient engagement.
Persistent and Microsoft share a longstanding 32-year relationship. With more than 4,500 Microsoft-certified consultants and 50+ IPs and accelerators, Persistent is focused on establishing a resilient ecosystem supported by delivering top-notch digital solutions that aim to improve health outcomes, offer enriched patient experiences, reduce care costs, and optimize operational efficiency. The PHM Solution is a testament to Persistent’s deep domain expertise and proficiency in leveraging Microsoft platforms to help its clients deliver personalized healthcare. The PHM Solution is currently available on Azure Marketplace.
Ganesh Nathella, Senior Vice President & General Manager – Global Lead, HLS Business, Persistent:
“Addressing the causes of negative healthcare outcomes is increasingly understood as a critical component of any PHM program. With this innovative Solution, built on Persistent’s deep domain expertise and differentiated frameworks along with Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, we are identifying care access and health equity issues by optimizing enterprise capacities and ensuring cost-effectiveness. We’re confident that through actionable and trackable insights and personalized intervention, this Solution will significantly improve physician’s and caregiver’s decision-making to enhance patient experience and overall care quality.”David Rhew, M.D., Global Chief Medical Officer & Vice President of Healthcare, Microsoft:
“The goal of population health management is to improve overall health of a population by applying cost-efficient interventions designed to promote better health for groups of individuals. To accomplish this, we need to harness data to identify individual needs, monitor the success of interventions, and benchmark against comparative data. Leveraging Microsoft Azure OpenAI
Service and Dynamics 365 Customer Insights to extract and track crucial SDoH data, Persistent’s PHM Solution will yield personalized care recommendations and help reduce costs, ultimately contributing to enhanced care quality.”
9, Feb 2024
Teach For India’s Revolutionary Retreat brings together student leaders and young changemakers from across India
Mumbai, 9th February 2024– Hosted by Kids Education Revolution (KER), Teach For India’s global platform for student leadership, the Revolutionary Retreat is a one-of-a-kind space for like-minded and passionate student leaders to come together as a community and dream about a better world. It is a space for students across the country to reflect on their own leadership, build the skills they need to drive sustainable impact, and join a movement of leaders who are reimagining education through community-level solutions for change.
This year, the 3-day Revolutionary Retreat brought together over 150 students and educators from across India, and abroad (Malaysia, New Zealand, and Kazakhstan), at Rambhau Mhalgi Prabodhini in Bhayander, Mumbai.
KER Revolutionaries, or participants, are students who come from diverse backgrounds working on a range of changemaking projects, coming together to develop and strengthen their commitment to self, others, and India. Through immersive learning experiences, collaborative spaces, and reflective activities, students embark on a personal leadership journey that is rooted in the idea of building active citizenship and giving back to the community. The Revolutionaries at the retreat are guided by student mentors, who are paying it forward by helping a new set of students grow into empathetic, empowered, and confident young leaders. Anisha Ansari, a student mentor, shared, “It is a powerful thing to see students learning from each other, and helping each other grow. I feel like I am part of a community that is working towards the same goal – to build a better India”.
At this year’s retreat, students engaged in sessions that built their understanding of design thinking and collective leadership, as well as of Teach For India’s framework of the 8Cs – courage, compassion, consciousness, communication, critical thinking, creativity, collaboration, and curiosity. Through hands-on activities that encouraged children to think about the most pressing issues that impact them and their communities, through experiential learning spaces that deepened their understanding of India’s Constitutional Values and the role that they play in upholding them, and through a stimulating exposure visit to Mumbai’s Museum of Solutions – the young student leaders explored ideas of social justice, inequality, gender, discrimination, environment, and much more.
Shaheen Mistri, Founder and CEO of Teach For India, led a session where students explored “India and the World”, thinking about children in conflict zones, and the role that each of us can play in building a world that is safe, equitable, and just. Through the power of art, expression, and collaborative thinking, she led students to create a giant mandala as a symbol of peace and solidarity, that represented the idea of rebuilding and reimagining the world that our children are growing up in.
The 6th edition of Revolutionary Retreat concluded with a screening of the Conference of the Birds Film – a feature-length film based on Teach For India’s musical, that takes the audience on a journey through the valleys of Justice, Equality, Liberty, and Fraternity, in search of the true meaning of India. As students and educators watched this exploration of India’s values together, and reflected on their understanding of our Constitution, the power of partnership between students and educators was highlighted once again.
This year, the Retreat brought together KER Revolutionaries who are working on change projects exploring themes like gender equality, access to education, mental health and wellness, expression through art, and more – while also inviting educators and teachers who are partnering with students to create safe spaces, amplify student voices, and develop holistic learning experiences. Through a process that is grounded in the practice of reflection, listening, collaboration, and action, the Retreat sparked the desire for change in many young leaders and educators who are in our classrooms today.
