28, Nov 2023
Strategic planning in project logistics: Lessons from the field
By Mr. Darshan Ghodawat, CEO and Managing Director, AVA Global Logistics LLP
In the dynamic landscape of project logistics, the convergence of technology, engineering, analytics, and intuition has emerged as a cornerstone for effective strategic planning. This fusion creates a holistic approach, enabling professionals to navigate the intricacies of complex projects seamlessly. Successful project logistics is not merely about moving goods from point A to B; it’s a sophisticated orchestration that demands a comprehensive skill set.
For instance, one has to deal with many unknowns because the project is always unique and geography is different Adapting to uncertainties is as crucial as the technical expertise required for execution. Greenfield and brownfield projects come with a unique set of risks and challenges, and shipment strategies like stick-built or modular supply play a crucial role in procurement decisions. Transportation Engineering, Route Survey, Estimation, and Planning are integral to mitigating these challenges.
Transportation Engineering aims at effective and safe handling of goods across all legs of transportation. Route Survey becomes vital in assessing the feasibility of transportation paths, considering factors like terrain, infrastructure, and obstacles and not merely the statutory restrictions.
Estimation and Planning involve meticulous calculation of resources, time, and costs, providing a roadmap for seamless execution despite the complexities inherent in large-magnitude projects. Whether it is navigating the unknown routes to a new construction site in the most optimal manner or handling complex loading and unloading operations involving roll on – roll off or lift on – lift off or float on – float off operations contributing significantly to the success of project delivery.
Data-driven decision-making is gaining importance in project logistics estimation. This data-driven approach is a fundamental shift that has the potential to revolutionize project logistics planning. Integrated technology plays a crucial role in this data-driven evolution. Leveraging on technologies like IOT, Machine Learning, and Blockchain enables real-time tracking, performance analysis, predictions and forecasting, automated decisions, and automated trust empowering logistics professionals to unlock efficiencies on the fly.
In an era where environmental concerns are at the forefront, eco-friendly logistics options have become an integral component of strategic planning. Aligning logistics practices with environmental goals reflects corporate responsibility and opens avenues for cost savings. From choosing fuel-efficient transportation modes to implementing sustainable packaging, environmentally conscious logistics choices are a testament to the industry’s commitment to a greener future.
In conclusion, project logistics is evolving, and strategic planning is at its core. Drawing lessons from the integration of technology, engineering, analytics, and intuition the industry continues to navigate the complexities of project logistics.
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- By Rabindra
28, Nov 2023
SAMCO Mutual Fund Introduces Dynamic Asset Allocation Fund (DAAF) Offering Unmatched Investment Stability and Growth Potential
Bangalore – November 28, 2023 – SAMCO Asset Management Private Limited, a distinguished investment management firm, is thrilled to announce the launch of the Dynamic Asset Allocation Fund (DAAF). This unique fund is designed to provide investors with an unparalleled blend of stability, growth potential, and downside protection in today’s dynamic market environment.
This is India’s first DAAF that follows a momentum model with the capability to move to debt entirely in tough times. There does not exist a similar model in the category. Models of most of the other Hybrid BAF/DAAFs follow valuation models built on P/B, P/E, etc.
One of the key challenges faced by investors in India has been the fear associated with market volatility and drawdowns. SAMCO Mutual Fund recognizes these concerns and has developed the DAAF with a focus on reducing volatility and drawdowns while optimizing returns.
With SAMCO DAAF, investors can enjoy the advantages of equity investments while minimizing drawdowns and maintaining the flexibility to withdraw their capital when needed.
SAMCO MF’s DAAF employs an innovative investment strategy based on the proprietary TRANSFORMER model. This model allows the fund to adjust its equity exposure from 0% to 100% based on market trends. By swiftly transitioning between equity and debt investments in real-time, the fund mitigates risks and curtails drawdowns, providing investors with a unique sense of security and stability.
The principal asset allocation of the fund shall be determined based on momentum in equity markets and extreme mean reversion signals which shall be calculated using SAMCO MF’s proprietary TRANSFORMER model. Fundamentally the scheme will operate based on trend-following strategies i.e., when markets are in clear uptrends with lower volatility, equity allocations shall be higher and when markets are breaking down, in correction or bear market phases, net equity allocations shall be zero or at extremely low levels. Only in extreme panic or euphoric conditions, the scheme will move to mean reversion models and build equity exposure in bear markets or cut equity exposure in bull markets. Rebalancing based on the model shall happen on a real-time dynamic basis and will not follow a monthly/quarterly rebalancing model.
The factors for determining the Asset allocation shall be dependent on the following factors: Trends in Equity Markets, Rate Spread in Bond Yields, Averages such as SMA/EMA and deviation of price from averages thereof, Net new 52-week highs and lows, Stock Price Breadth & Volumes, US Fed’s Funds Rates & Yield curve, Options Volatility & VIX, Relative Strength across Asset Classes & Securities, Market Cap to GDP Valuations & Money Supply, Equity Earnings Yields & Rolling Returns on Trailing basis & Retail trading activity.
Umeshkumar Mehta, Chief Investment Officer (CIO), SAMCO Asset Management Private Limited, said, “SAMCO Mutual Fund is proud to introduce the Dynamic Asset Allocation Fund, a result of our commitment to addressing the concerns and needs of investors in India. With DAAF, we offer a game-changing solution that combines the potential for good returns with an attempt to minimize drawdowns. Our innovative approach, backed by the TRANSFORMER model, ensures that investors can navigate market fluctuations with confidence. We believe DAAF will redefine the way investors perceive and approach their investments, offering them peace of mind and long-term wealth creation opportunities.”
Salient Features:
Commenting on the launch, Viraj Gandhi, CEO of SAMCO Asset Management Private Limited, said, “At SAMCO Mutual Fund, we are driven by a commitment to empower investors with innovative and robust financial solutions. The launch of our Dynamic Asset Allocation Fund marks yet another significant step in our journey to provide investors with stability, growth, and peace of mind. We believe this fund, helmed by experienced professionals, will redefine investment experiences and set new benchmarks in the industry.”
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The SAMCO DAAF’s New Fund Offering (NFO), commences on December 07, 2023, and concludes on December 21, 2023. The scheme reopens for continuous sale and repurchase within five business days from the date of allotment.
28, Nov 2023
Dish TV Elevates User Experience with Pioneering Voice Search Feature on the ‘My Dish TV App’
India, 28th, November 2023: In a striking initiative to enhance user interaction and redefine the interface & entertainment experience, Dish TV, India’s leading DTH company, has introduced a voice-enabled search feature to its mobile app – ‘My Dish TV App’. As a first-of-its-kind advancement in the DTH industry, the Voice Search Feature empowers users to use voice commands, to interact with the app in addition to its already existing search features.
The newly integrated Voice Search Feature within My Dish TV App harnesses Google’s advanced voice recognition technology and Natural Language Processing (NLP) functionality, promising a seamless and intuitive experience for users. It responds to the sound of their voice, offering an unparalleled level of convenience.
With the Voice Search Feature, users can effortlessly navigate the application, accessing frequently used sections directly from the home page through simple voice commands. Subscribers will now be able to initiate a range of actions such as “Recharge my account” for convenient top-up or “Change pack” for a hassle-free subscription modification, among other capabilities.
Commenting on the initiative, Manoj Dobhal, CEO – Dish TV, said, “At Dish TV, we are committed to offering an exceptional entertainment experience to our valued subscribers. As we strive to deliver best-in-class services, we recognize the continuous need to enhance user convenience, resulting in the launch of The Voice Search feature unique feature to make entertainment easily accessible and enjoyable. This feature will certainly redefine the distribution industry’s approach to user-friendliness.
The introduction of the Voice search feature is a response to the evolving dynamics, aiming to enhance user convenience and strategically goes with our overarching vision to establish new benchmarks, not only for Dish TV but for the industry at large.” Added, Mr. Dobhal
The Voice Search Feature is the latest enhancement that will reinforce My Dish TV App’s status as the preferred choice for viewers by offering comprehensive account management capabilities with the added convenience of voice commands.
28, Nov 2023
Ashwin Sheth Group unveils Kandivali’s one of the tallest mixed-use developments, ‘EDMONT Aurelia’
Bangalore, 28th November 2023: The Ashwin Sheth Group, a veteran leader in real estate luxury development, unveils its 15th project in Kandivali, ‘EDMONT’ along with a joint venture with K Hemani. Spanning over 2.02 acres, this mixed-use development has integrated retail spaces and nestled in Kandivali West is adorned with a 51-story skyscraper. Comprising three meticulously crafted towers, EDMONT Aurelia will be launching in the first phase and offers spacious 2,3 BHK and Jodi flats (2 BHK and 2 BHK) starting from 761 Sq. Ft at Rs.2.09 crores onwards.
EDMONT distinguishes itself as a haven of recreational activities, emphasizing expansive open spaces, verdant greenery, and meticulous planning across 60% of its area, situated near the serene Manori Creek. This project exemplifies the Ashwin Sheth Group’s unwavering commitment to excellence, embodying the company’s vision of transcending conventional boundaries to offer residents a lifestyle seamlessly blending modernity and comfort.
Expressing his vision for the launch, Mr. Ashwin Sheth, Chairman and Managing Director, of Ashwin Sheth Group, said, “EDMONT is more than just a residential project; it’s a transformational journey for Kandivali. We are committed to elevating Kandivali into an upmarket suburb in Mumbai. Our focus is on creating a superior lifestyle and curated amenities to enhance lifestyles. We are excited to fulfil the aspirations of homebuyers by providing spacious and expansive homes.”
EDMONT, the epitome of opulent living, presents a selection of more than 25+ best-in-class amenities, meticulously curated to foster an atmosphere of unparalleled luxury and well-being. Nestled in a strategic location with seamless access to South Mumbai via S.V. Road and Link Road, EDMONT stands as a premier residential and lifestyle hub designed to cater to the diverse needs of discerning homebuyers. The location is well-connected to major commercial hubs like Malad, Goregaon, and Andheri. With its strategic location, evolving infrastructure, and potential for growth, Kandivali is poised to continue its ascent as one of Mumbai’s most coveted residential areas.
The project seamlessly integrates nature into its design, offering residents a tranquil escape amidst the city’s hustle and bustle. Renowned for contemporary design, superior construction quality, and meticulously planned landscapes in each project, the Ashwin Sheth Group returns to Kandivali with EDMONT and sets a new benchmark in luxury living experience.
28, Nov 2023
ICICI Bank opens a branch in Jaipur
Jaipur: ICICI Bank has set up a branch in Jaipur, the 101st branch of the Bank in the city. Housed at Jewel of India Society at J.L.N. Marg, the branch is equipped with an ATM- cum-Cash Recycler Machine (CRM) to offer cash deposit and withdrawal services to customers.
Shri Rajeeva Swarup, President, Jewel of India Resident Welfare Association, Jaipur, inaugurated the branch.
The branch offers a comprehensive range of accounts, including savings and current accounts, trade and forex services, fixed and recurring deposits, loans- business loan, home loan, personal loan, auto loan, and gold loan along with remittance and card services. The branch also offers banking services to NRI customers. It further provides locker facility at its premises. It operates from 9:30 A.M to 3:00 P.M on Monday to Friday and on the first, third, and fifth Saturdays of the month.
The branch also offers a Tab Banking facility that provides nearly 100 services at the customer’s place by an employee through a tablet device. The services include the opening of accounts, Fixed Deposit (FD), raising chequebook request, generation of e- statements, and change of address, among others.
The new branch also provides Private Banking Solutions that covers a wide range of services such as investment banking, treasury management, real estate, succession planning, and business counselling, among others.
ICICI Bank has a network of about 545 branches and 955 ATMs and cash recycling machines (CRMs), which creates the largest branch network among private sector banks in Rajasthan. More than half of the Bank’s branches are set up in rural and semi-urban areas of the state.
ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centers, internet banking (www.icicibank.com), and mobile banking.
28, Nov 2023
Step into the Future of Home Safety with Goldmedal’s i-Secure 18 Wi-Fi Video Door Phone
Bangalore, 28th November 2023: Goldmedal Electricals, a leading consumer electronic brand introduced the latest product on home security solution the i-Secure 18 Wi-Fi video door phone. This product offers a unique experience that enhances home security and well-being with advanced technology.
i-Secure 18 Wi-Fi Video Door Phone blends advanced surveillance capabilities with mobile phone compatibility, significantly enhancing home security. Equipped with high-resolution cameras, this device provides clear and detailed footage. Its motion detection technology alerts homeowners of any activity, ensuring vigilant monitoring. Additionally, this door phone can be controlled and accessed conveniently through smartphones.
Commenting on the launch of the i-Secure 18 Wi-Fi Video Door Phone, Bishan Jain, Director, of Goldmedal Electricals, said, “At Goldmedal Electricals, we are committed to the safety of living spaces. The i-Secure 18 Wi-Fi Video Door Phone, equipped with advanced features for home safety and real-time monitoring, represents a pivotal step in this direction. With the launch of this advanced solution, we aim to enhance the security and overall well-being of homes.”
The global door phone market size to be valued at USD 5.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period. Growing safety concerns in residential and commercial spaces due to the access of unauthorized persons is raising the demand for safety devices such as door phones. It not only increases home security but also offers great convenience when integrated with the access control system.
Other features of the i-Secure 18 Video Wi-Fi Door Phone include:
· Wi-Fi Door Phone – A Wi-Fi door phone is a device designed to see and communicate with the visitors at your door through your smartphone or other connected devices, regardless of your physical location
· Monitoring System – A system or device has the capability to monitor and observe an area, typically through the use of cameras or other surveillance equipment
· No indoor unit – Install the Wi-Fi door phone kit and no need to install an indoor unit to talk to the visitor. Any person ringing the bell will be visible on your mobile phone and you can talk to or verify the visitor through your phone itself
· Separate Chime – A separate chime in a video door phone system, also known as a wireless chime or an external chime, is an additional component that can be paired with the main video doorbell unit. This separate chime serves as an auditory alert mechanism inside your home
This product is available both online and in retail stores. The i-Secure 18 Wi-Fi Video Door Phone comes with a warranty of 12 months.
28, Nov 2023
TSG Bhasker honours Coach Manish Kumar Tiwari for Island’s victory in National Rowing Championship
The Rowing sportsperson of Andaman & Nicobar Islands Shri. S. Jagdish has brought laurels to the Islands by winning the Gold Medal in the “24th Sub-Junior and 6th Inter-State Challenge Sprint National Rowing Championship” held at Hyderabad from November 18 to 22.
Shri. S. Jagdish is a residential athlete of Sports Authority of India, STC Port Blair who is studying at GSSS Model. He has displayed unwavering commitment, determination, and passion in the National Rowing Championship which led him to victory.
To celebrate this achievement, Shri. TSG Bhasker, President, A&N Rowing Association honoured Shri. Manish Kumar Tiwari, Rowing Coach of A&N Islands with a Shawl at TSG Emerald View Hotel to recognize his vital role in molding Shri. S. Jagdish and preparing him to win the gold medal.
Shri. TSG Bhasker was optimistic about the performance of Shri. S. Jagdish will inspire many youths of A&N Islands to work hard in a totally disciplined manner in the sports streams of their choice.
28, Nov 2023
Gear up for Mind Wars National Spell Bee Competition 2023!
Bengaluru, 28th Nov 2023 – Exciting news awaits spelling enthusiasts among all the middle school students in India with Mind Wars, India’s leading edutainment initiative, by Zee Entertainment Enterprises Limited (ZEEL). Mind Wars is all set for its National Spelling Contest, Mind Wars Spell Bee 2023, This exhilarating all-India contest is open to students from classes 4 to 9 across India to demonstrate their mettle in English.
The one-of-its-kind Mind Wars Spell Bee 2023 will follow a multi-stage format. The competition will commence with intra-school rounds in participating schools, with students participating in three categories. The winners from each Cluster will then advance to the Grand Finale, which will be showcased on the Mind Wars YouTube channel which has over 72k subscribers. In the Grand Finale, the top three students from each category will be awarded the titles of Winner, First Runner-Up, and Second Runner-Up along with cash prizes.
That’s right the winners of Mind Wars Spell Bee 2023, stand to win cash prizes worth Rs.10 lakhs, trophies, certificates, and other valuable rewards. Additionally, participants will gain invaluable experience and exposure throughout the competition, fostering their personal and academic growth.
“We are delighted to bring back Mind Wars Spell Bee in a pan India avatar like never before,” said Mr. Umesh Kr Bansal, Senior Executive Vice President of Zee Entertainment Enterprises Limited. “Through this competition, we aim to accelerate learning for the English language amongst students and provide them with a platform to showcase their talent. We believe that such initiatives contribute significantly to the overall development of young minds.”
Attention all students, teachers, and parents! The Mind Wars National Spell Bee 2023 represents a unique and exceptional linguistic journey that awaits you. It’s not just ‘Spell Bee’, it stands as a celebration of language, an odyssey of personal development, and an opportunity to shine on a nationwide platform. As the City and cluster rounds approaches, envision yourself basking in the limelight, serving as a representative of your school and your passion for the English language.
Imagine the excitement of competing against the most talented young minds from your region, all vying for an esteemed position in the Grand Finale. It’s in the Zonal finals that genuine enchantment unfolds, where words spring to life, and where champions are forged. This remarkable chance to test your linguistic prowess, cultivate knowledge, and win enticing prizes should not be overlooked.
With an impressive count of early 600 schools & over 50,000 registrations already on board, we invite you to be a part of history and join us in the collective journey toward success at the Mind Wars’ National Spell Bee 2023!
Mind Wars Spell Bee 2023 is designed to enhance students’ English skills, encompassing spelling, usage, pronunciation and vocabulary. By encouraging students to develop their language abilities, this initiative empowers them to excel in their academic pursuits and future endeavors.
The contest features three categories based on grade levels: Junior (Classes 4 & 5), Middle (Classes 6 & 7), and Senior (Classes 8 & 9). Upon registration, participants will receive specially curated practice material, which will be provided after registration. This resource will serve as a valuable tool for students to prepare for the competition and enhance their English & communication skills.
Registration for this prestigious competition is exclusively available through school offices. Interested schools are encouraged to contact the Mind Wars team on 09625933434 for further information and registration procedures.
28, Nov 2023
Rajat Kumar Jain ex-MD of Xerox India and Walt Disney India appointed as Chairman of Fino Payments Bank
Mumbai, 28 November 2023: Fino Payments Bank Limited (“Fino Bank”, “The Bank”) is progressing on the plans for the next phase of digital-led growth and preparing for its evolution in Fino 2.0 avataar. The Bank has received approval from the Reserve Bank of India (“RBI”) vide its letter dated November 24, 2023, for the appointment of Mr. Rajat Kumar Jain, Independent Director, as Part-time Chairman of the Bank w.e.f. November 24, 2023, till November 01, 2025.
Mr. Rajat Kumar Jain, an alumnus of IIT Delhi and IIM Ahmedabad, is an accomplished corporate executive turned entrepreneur and business mentor/angel investor and serves as a non-executive director on various Boards including group companies of Aditya Birla and Mahindra conglomerates. Mr. Jain brings over three decades of strategic leadership experience across the Consumer, Telecom, Media, and Technology sectors. He is the Founder and Director of PadUp Ventures, a knowledge and mentoring platform that provides deep mentoring, incubation, and acceleration services to early-stage tech startups across sectors including Fintech.
Mr. Rishi Gupta, MD & CEO, Fino Payments Bank said, “We are delighted on the appointment of Mr. Rajat Kumar Jain as the Part-time Chairman of the Board at a very crucial juncture of the Bank’s journey. His experience and expertise across sectors, especially in technology will have a strong bearing on our business model. We are fortunate to have his guidance as Fino Bank strengthens its digital ecosystem to realize its growth potential.”
Mr. Rajat Kumar Jain said, “I am excited to be a part of the Bank’s journey as its Non- Executive Chairman of the Board. It is an interesting phase as the Bank is at a cusp of its evolution into its new digital avatar. In a short span of six years, the Bank has achieved remarkable milestones, with consistent profitability being the key. As the Bank aims to expand its horizons, I look forward to working with my colleagues at the Board and senior management team at Fino Bank towards creating a differentiated digital Bank.”
28, Nov 2023
Digital Frontier Navigation: Master of Computer Applications (MCA)
A dynamic and extensive postgraduate program that puts students at the center of the digital world is the Master of Computer Applications (MCA). The MCA degree gives students the information and abilities they need to meet the demands of the dynamic IT industry as technology continues to advance.
Here are some specializations of MCA ( Master of computer applications )
1. Software Development:
The area of computer science that deals with the creation, testing, and upkeep of software applications is known as software engineering. Software engineers create software solutions for end users by utilizing engineering principles and their understanding of programming languages. Among the numerous career options available to software engineers are the design and development of operating systems, network control systems, middleware, business applications, and computer games.
2. Machine Learning:
The Machine Learning specialization focuses on statistical models and algorithms that allow computers to gradually get better at a particular task in the age of artificial intelligence. Students specializing in Machine Learning at MCA programs learn how to use data to make informed decisions.
3. Network Technologies:
The focus of the Master of Computer Applications (MCA) program is network technology, which includes ideas like security, protocols, and network architecture. Data communication, distributed systems, and network management are just a few of the topics covered by MCA students. They also learn how to design and optimize strong network infrastructures, which are crucial given the rapidly changing information technology landscape.
4. Data Science & Analytics:
It integrates theory with real-world applications and places a strong emphasis on analytics and data science. Students study machine learning, data visualization, and statistical techniques, gaining the knowledge and abilities necessary to glean insights from large datasets. MCA enables professionals to make data-driven decisions by preparing them to navigate the ever-changing technological landscape.
5. Advance Technologies:
The field of technology has seen incredible innovations. Increases in microprocessor speeds and computational capacity have made devices more potent. The principles of MCA facilitate effective information processing, leading to innovations in artificial intelligence, cloud computing, and mobile technology. The digital environment is still changing as a result of this evolution.
According to Prof.(Dr.) Rakesh Kumar Dwivedi Director & Principal FoE & CCSIT, TMU Moradabad
Graduates of MCA programs are qualified for a wide range of careers, such as network administration, data analysis, software development, and more. Along with teaching technical knowledge, the program sharpens students’ critical thinking, problem-solving, and adaptability skills, all of which are necessary for success in the rapidly changing field of computer applications. MCA is at the forefront of technology advancement, producing professionals who influence the digital landscape and add to the transformative power of technology.
