25, Jan 2024
IDCA awarded the prestigious BRICS-CCI Annual Recognition Awards 2024
New Delhi. 25th January 2024. The BRICs Chamber of Commerce successfully hosted the BRICS-CCI annual Awards 2024 in New Delhi. The awards presented were for excellence, innovation, responsible business practices, community service & commitment to a sustainable future.
IDCA was conferred the prestigious BRICS CCI Community Excellence Award in this glittering ceremony. The award was received by Patron, Reena Jain Malhotra, CEO, Roma Balwani, Committee Member, Jyoti Jain, Secretary, Ajay Kumar, Indian Deaf Cricket Association.
Roma Balwani, CEO, IDCA said, “It was an honour for IDCA to be given the prestigious B.A,R.A. award for Community Excellence. It underscores the importance of mainstreaming disability sport and IDCA’s endeavour is to provide a platform for talented hearing-impaired Indian cricketers, both men & women to showcase their prowess in the game of cricket. We recently concluded a successful maiden women’s T-10 tournament which was held in early January 2024 which celebrated & signalled the focus on diversity & inclusion. ”
Patron, Reena Jain Malhotra commented, “We are privileged to receive this maiden BRICs BARA award which recognised the effort and hard work of teams across India of young hearing-impaired students who have a passion for cricket. Today, I am delighted to receive this award in recognition of our hearing-impaired President, Sumit Jain & his team’s immense contribution to encourage, transform the lives of many of these specially-abled Indian cricketers and give them the opportunity to play in national & international matches and be proud of their achievements.”
Executive Director, Co-founder of BRICS-CCI and Concept Founder B.A.R.A, Dr. Sushi Singh emphasized B.A.R.A’s alignment with Prime Minister Modi’s vision of “Vasudhaiva Kutumbakam” (The World is One), embodying a commitment to unleash the power of the expanding BRICS bloc. Under the theme “Invest in our Planet,” the awards presented during the event recognised outstanding achievements in Academia, Business, Community, Media, and policymaking from various BRICS nations.
KJ Alphons, former Union Minister of State for Tourism and Guest of Honor, gave away the awards in the august presence of Chief Guest, Maharaja Dr. Karan Singh, former member of Rajya Sabha.
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- By Rabindra
25, Jan 2024
Pre-Budget Quote Placement 2024 – Great Learning and Ceremorphic
“With technological advancements happening every minute, relying just on a college education is not enough for the Indian youth. They will have to keep updating and upskilling themselves to utilise their full potential in strengthening our economy. Removal or Reduction of GST rate from upskilling programs in the upcoming Union Budget will help solve this by democratising access to quality education, fostering innovation and employability. Formalising the tech sector and streamlining operations through regulations and policies instills confidence among stakeholders, fostering an environment conducive to growth. These changes ultimately align with the national goal of developing a more responsive education system, equipping the workforce in this knowledge-driven economy to meet the evolving demands of the job market.”
“The semiconductor industry’s tenacity and dedication to innovation, indicate bright development possibilities in the rapidly changing technological world as the 2024 budget draws near. It’s critical to prioritise joint government-organization projects to promote innovation throughout India’s semiconductor industry.
With green energy and sustainability taking centre stage in worldwide efforts to cut carbon emissions, policies like the National Green Hydrogen Mission will help move the economy towards low carbon intensity and lessen dependency on imported fossil fuels for sustainable growth. The renewable energy industry has enormous potential for cooperation with semiconductor fabrication plants by assisting in establishing ESG norms. At the grassroots level, such as in high schools and colleges across the nation, the government must also continue to support skill development initiatives like the Pradhan Mantri Kaushal Vikas Yojana 4.0 and Skill India Digital platform, with appropriate curricula to prepare the workforce for Industry 4.0 and beyond”,
25, Jan 2024
Radio City Hits the Airwaves with a Roaring Beat: Reports 13% YoY growth in Revenue
Mumbai, January 25, 2024: Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its unaudited Financial Results for the Quarter ended December 31 st, 2023.
Key Highlights – Q3FY24:
- Q3FY24 Top line of Rs 60.4 Crores; 11% Growth YoY
- EBITDA* at Rs. 15.3 Crores; 5% Growth YoY
- EBIDTA Margin at 25.3%
Key Highlights – 9MFY24:
- 9MFY24 Top line of Rs 165.9 Crores; 13% Growth YoY
- EBITDA* at Rs. 40.1 Crores; 25% Growth YoY
- EBIDTA Margin at 24.2%
- Maintained a strong Position with 19% Volume Market Share
*Includes other income
Commenting on the results Mr. Shailesh Gupta, Director said:
“I am pleased to share that our revenues experienced an 11% growth in the Q3FY24 with EBITDA margins at 25.3%. Our focus continues towards the digital business which has a significant growth moving forward.At Radio City, we’ve executed a range of strategies to expand our positioning in the radio industry. According to Aircheck 15 Markets, in the third quarter, we successfully retained our market share at 19%. Additionally, our comprehensive omni-channel framework allows us to maximize the extensive reach of our networks, ensuring the delivery of optimal value to our clients.
About the growth in the advertising sector, the real estate industry experienced a notable 17% year-on-year increase in spending. The pharmaceutical industry expanded by 15%, while the auto industry demonstrated an impressive growth of 26% compared to the previous year. On the finance side, the industry experienced a 9% growth. Meanwhile, on the Jewellery front, we witnessed a massive growth of 44%, and government advertising also saw a good growth of 22% YoY.
In Q3FY24, our digital business witnessed a growth of 27% Y-o-Y. We are aligning ourselves with the ever-changing
media landscape, one that is indifferent to specific platforms, with a central focus on digital for content creation, distribution, consumption, and engagement. To ensure a smooth experience across diverse platforms, we are strengthening our capabilities to stand at the forefront of the digital technology revolution. This involves delivering top-tier entertainment that resonates with the evolving preferences and needs of our audience.Radio City remains a preferred choice for both longstanding and recently acquired clients in the field of radio advertising. For Q3FY24, out of the overall client base utilizing the radio platform, 39% have selected Radio City for their advertising campaigns. Additionally, among the newly acquired clients in the radio domain, 31% have specifically chosen to feature their advertisements on Radio City.
We take pride in deriving 31% of our income from a variety of offerings, that includes, proactive proposals, digital initiatives, sponsorships, and special events.”
25, Jan 2024
Producer Amit Agarwal & National Award Filmmaker Goutam Ghose win hearts at the screening of Raahgir
Pune, 25 January 2024: Producer Amit Agarwal, under his banner Adarsh Telemedia, who has initiated and backed films like M S Dhoni – The Untold Story and produced Simran starring Kangana Ranaut is now ready with his latest production Raahgir – The Wayfarers which is Directed by National Award-winning filmmaker Goutam Ghose. The film stars Adil Hussain, Tillotama Shome, Neeraj Kabi and Omkardas Manikpuri. The film screening was held at Pune International Film Festival.
Raahgir – The Wayfarers is an emotional portrayal of encounters between poverty-stricken strangers that, in order to find new economic opportunities, have to traverse the vast country of India by foot. The film tells a tale of human empathy in times of crisis and revolves around 3 characters and the relationship they make with each other through a journey in search of their livelihoods. Raahgir – The Wayfarers has been filmed in the state of Jharkhand. It was extensively shot in Ranchi and Netarhat.
Speaking to the media, Amit Agarwal, Producer of Raahgir – The Wayfarers said, “We are happy with such an overwhelming response at Pune International Film Festival. I think these festivals provide a great open space for filmmakers and film lovers. Not only did the audience enjoy ‘Raahgir’, they also asked relevant questions related to the film, which shows their engagement with the film was genuine. We are planning to take the film to various film festivals before its theatrical release in India.”
On this occasion, Goutam Ghose, Director of Raahgir – The Wayfarers said, “The movie deals with a story of India’s impoverished people who live in the forests and can hardly make ends meet. They have limited dreams and desires. Their biggest concern is trying to gather the day’s food. The film celebrates the fact that despite the daily struggle for survival, the elements of humanity are still alive in these people. The film showcases how Indian reality differs in the cities and in a poor tribal village. It’s a beautiful story of humanity that is still alive among the poorest of the poor. It is a celebration of empathy, humanity despite a struggle for survival.”
‘Raahgir: The Wayfarers’ was earlier screened at several film festivals – including Busan International Film Festival, MAMI – Mumbai Film Festival, Shanghai International Film Festival, CinemAsia Film Festival (Amsterdam), KIFF – Kolkata International Film Festival, IFFK – International Film Festival of Kerala.
25, Jan 2024
Pre-budget quote from Mr. Mazhar Syed, Director, AsmitA India Realty
Pre-Budget Quote:
2023 witnessed a significant surge in property sales across various realty segments, making it an exceptional year after the COVID-19 slump for us. And the sector enters 2024 with high expectations, looking forward to the Union Budget with renewed hope to keep the momentum high. The industry looks to the Finance Ministry with optimism, particularly in response to the plea for a hike in the tax slab to Rs. 5 lakhs per annum for interest rate deduction under section 24(b) of the Act, up from the current Rs. 2 lakhs for home buyers.
With metro city property prices reaching unprecedented levels, industry stakeholders call for a revision in the credit link subsidy scheme. Advocating for an increase in the cap from Rs. 45 lakh to Rs. 1 crore for metro city homebuyers, this move will aim to make affordable housing more accessible. Furthermore, the proposal for an expansion of the SWAMIH Fund is on the table, aiming to ensure the timely completion of stressed projects. Developers believe this will not only assist their endeavors but also strengthen homebuyer confidence.
25, Jan 2024
Opus Technologies Receives 2024 Great Place To Work Certification
Pune, India, January 25, 2024 – Opus Technologies, a pioneer in the financial technology industry, is delighted to announce that it has earned the prestigious Great Place To Work® Certification™. This distinguished accolade validates the company’s relentless efforts to cultivate an outstanding workplace, where employee well-being, engagement, and diversity and inclusion are paramount.
As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work
for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To
Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
“This Certification demonstrates our profound commitment to creating a positive and supportive work environment,” says Praveen TM, CEO of Opus Technologies. “We are dedicated to fostering creativity, bold innovation, and collaboration while providing an enjoyable atmosphere filled with diversity and inclusivity. Moving forward, we will continue building on this successful model for a lasting and rewarding workplace experience.”
The prestigious award is based entirely on what current employees say about their experience working at Opus. Great Place To Work employs a well-structured survey approach to record honest and open feedback from the existing employees. The data is compared with the global benchmarks established for the award of the certification.
This recognition is a testament to Opus’ culture that focuses on unlocking individual potential and its forward-thinking and inclusive people practices. The organization believes in enabling employees to broaden their perspectives, think strategically, and sharpen their skills for fast career growth. This commitment manifests through a variety of training and programs and people-oriented policies. Opus proudly champions gender equality, actively eliminating barriers and nurturing a sense of belonging for all. Through dedicated programs, the organization has offered equitable opportunities to the tech talent in rural areas as well. These policies have helped Opus attract and retain top talent by setting new standards for inclusivity in the tech industry.
25, Jan 2024
Indore: Where the Beat Drops and Good Times Pop
SOCIAL is here to turn things up with musical frenzy! You did really read correctly! Prepare to boogie to intense
sounds this January and get crafty with leaves.
The upcoming long weekend has much more madness in store! With Siddharth Diwaedi’s Live Jam – Live music
so good, that will keep you on your feet. Bollywood and Hip Hop beats by DJ Shubh that will unleash
your inner energy. Prepare to smash the dance floor! ️
But, wait there’s more! Fuel your party spirit with 1+1 on LLIITs, and try your luck at #drnks Loot L0 from 12
PM to 7 PM,
So, what are you waiting for? Mark your calendars, gather in large numbers, and grab your dancing shoes!
Date: 25th January, 27th January and 28th January 2024
Venue: Ring Road SOCIAL, Indore
Time: 8:00 PM onwards
25, Jan 2024
NueGo Celebrates 75th Republic Day with Special 100% Cashback Offer
NueGo, India’s first premium intercity electric coach service from GreenCell Mobility is delighted to announce an exclusive Republic Day cashback offer to recognize and reward our valued guests.
To celebrate the spirit of India’s 75th Republic Day, 75 lucky guests who book and complete an intercity trip with NueGo on 26th January 2024 will receive 100% cashback on their ticket fare. This cashback can be used to avail a free ride for their next NueGo booking within 1 month.
NueGo excels traditional bus travel, seamlessly blending the comfort of flight-like travel with the ethos of eco-friendly mobility. Commuters on these routes are ensured an exceptional journey, where they are assisted to their seats, provided with clean, disinfected tissues and water bottles, and can indulge in a serene ride aboard NueGo’s noiseless AC electric buses. The coaches are also equipped with state-of-the-art features, offering unparalleled safety and comprehensive convenience to passengers.
NueGo places a strong emphasis on the safety and comfort of its guests, exemplified by the establishment of upscale lounges. Travelers awaiting their NueGo buses can indulge in a variety of amenities within these lounges. These fully air-conditioned spaces offer facilities such as immaculate and sanitized restrooms, complimentary WiFi, charging points, and café-style restaurants, among others.
Commenting on the offer, Devndra Chawla, MD & CEO, GreenCell Mobility said, “This offer is our way of thanking customers for choosing NueGo as their preferred intercity travel partner. Our continued growth and popularity are driven by our relentless focus on delivering best-in-class customer experience through our technology-enabled services, premium electric bus fleet, and commitment to sustainability.”
“Republic Day holds a special significance for all of us at NueGo. Through this exclusive cashback offer, we want to make this year’s celebrations even more special for our customers. We are committed to creating delightful and memorable travel experiences while also supporting environment-friendly transportation.” He added.
So, this Republic Day, book your intercity trip with NueGo, #RideWithPride, and win a free ride for your next adventure. Our easy-to-use app and website make booking and travel frictionless. Let’s come together to make this 75th Republic Day historic in more ways than one!
25, Jan 2024
MakeMyTrip Quarter Results (Q3 FY24)
National, January 25, 2024 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider announced its unaudited financial and operating results for its fiscal third quarter ended December 31, 2023. Business & Financial Highlights | Q3 FY24
| Q3 FY24
($ Million) |
Q3 FY23
($ Million) |
YoY Change (Constant
Currency) |
|
| Gross Bookings | 2,088.3 | 1,738.2 | 21.7% |
| Revenue as per IFRS | 214.2 | 170.5 | 26.9% |
| Adjusted Margin | |||
| Air Ticketing | 79.2 | 70.2 | 14.2% |
| Hotels and Packages | 98.8 | 72.0 | 38.8% |
| Bus Ticketing | 26.9 | 20.3 | 33.8% |
| Others | 13.0 | 9.6 | 36.8% |
| EBITDA | 29.4 | 14.3 | |
| Results from Operating Activities | 22.6 | 7.5 | |
| Adjusted Operating Profit (Loss) (also
referred to as Adjusted EBIT) |
33.4 | 19.7 | |
| Profit / (Loss) for the period | 24.2 | 0.2 |
We delivered our highest-ever quarterly Gross Bookings, Revenue, and Profit on the back of strong travel demand during this seasonally strong
- Gross Bookings grew by 7% YoY in constant currency to $2,088.3 million in Q3 FY24 from $1,738.2 million in Q3 FY23.
- Revenue as per IFRS grew by 9% YoY in constant currency to $214.2 million in Q3 FY24 from $170.5 million in Q3 FY23.
- EBITDA grew by 6% YoY to $29.4 million in Q3 FY24 compared to $14.3 million in Q3 FY23.
- Adjusted Operating Profit registered growth of 5% YoY and reached $33.4 million in Q3 FY24 compared to $19.7 million in Q3 FY23.
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,
“During this seasonally strong quarter, we witnessed robust demand for leisure travel across all domestic and international destinations leading to the highest-ever quarterly gross bookings, revenue, and profit for the Group. We are excited about the opportunities that lie ahead of us, as the travel and tourism sector is a focus area for the Indian government and is expected to benefit from increased investments in travel infrastructure. Additionally, from a consumer perspective, the growing disposable incomes of the middle class in India are expected to continue driving India’s travel and hospitality growth in the coming years. We remain committed to excellence and innovation, aiming to meet and exceed the diverse travel aspirations of Indian consumers.”
25, Jan 2024
Third Jalagam Workshop at, Hyderabad, stresses public awareness as the key to the success of water management initiatives
Hyderabad, Telangana (INDIA)
25 January 2024: S M Sehgal Foundation, in collaboration with DCB Bank and NIRDPR (National Institute of Rural Development & Panchayati Raj) as the knowledge partner, held the third conference of ‘Jalagam’, the Capacity Building and Experience Sharing workshop series in Hyderabad, Telangana, on January 23, 2024. Ms. Anjali Makhija, Trustee & CEO, of S M Sehgal Foundation inaugurated the workshop, together with Mr. Gaurav Mehta, Head Public Relations, Marketing & CSR, DCB Bank, emphasizing on the need for mutual learning. The workshop was graced by Dr. G Narendra Kumar, Director General, NIRD&PR who elaborated on the scope of water management policies and highlighted the role of training and capacity building in enhancing water efficiency within communities. Mr. Krupakar Reddy, Engineer in Chief, Rural Water Supply, Telangana, gave a snapshot on the government policies in the area and their benefits.
The first panel session led by Ms. Srivani Mullapudi, Founder and Chairperson, of Wishwa focused on technological solutions to promote water security at the grassroots. It featured various grassroots champions and village leaders, including Mr. Rajesh Rangarajan, State Program Director, Water Aid, Mr. Jala Sathyanarayana, Hydrogeologist, Hyderabad Metropolitan Water Supply & Sewerage Board, Mr. Ramkrishna Mukkavilli, Founder & Executive Director, Maithri Aquatech.
The second panel, which explored models of viable community-led solutions for ensuring water security, was moderated by Mr. M V Ramchandrudu, Former Director of WASSAN. Women Gram Panchayat members, Ms. Kavitha Jeevan, Sarpanch Nunthakal, Ms. Gadge Meenakshi, Mukhra, Adilabad, and Ms. Chitla Swarupa Rani, Sarpanch Nellutla shared their on-ground experiences of driving water security in their villages. Their efforts have garnered widespread recognition, including the prestigious President’s Award.
The day was further enriched by the recital of the Water Pledge ‘Ela Nela’ performed by Mr. Ramu Jogi and a group of farmers.
The concluding panel which focused on ensuring rural water security and climate change resilience from a multi-stakeholder perspective, was expertly moderated by Mr. Lalit Mohan Sharma, Principal Scientist, S M Sehgal Foundation. The panel featured esteemed speakers including Dr. Ramesh Sakthivel, Associate Professor and Head, Centre for CSR, NIRD&PR, Dr. Shakeel Ahmad, Chief Scientist (retd) CSIR-NGRI and Prof (retd) MANUU Hyderabad, and Dr. Jayati Chourey, Executive Director, SaciWATERs.
