16, Jan 2024
Mudrex Introduces Free Transfers from Binance for 200+ Tokens and Relationship Manager Support
BENGALURU, 16th January, 2024: Mudrex, a leading global crypto investment platform headquartered in Bengaluru and San Francisco, backed by Y-Combinator, announced that they’re offering support for over 200 tokens and introducing free and seamless crypto transfers from Binance, following the Financial Intelligence Unit’s show-cause notice to Binance and eight other crypto exchanges for non-compliance with anti-money laundering standards in India. This strategic move aims to empower crypto users on these international exchanges, ensuring their security and the safety of their digital assets.
One of the standout features of this release is the introduction of free and seamless crypto transfers from Binance. Mudrex users can now transfer their crypto assets from Binance without incurring any gas fees, ensuring it doesn’t eat into your profits, on top of being a streamlined process.
To further enhance user confidence and accessibility, Mudrex has also introduced one-on-one expert support. This personalized assistance is designed to cater to users handling larger amounts or those who may not be entirely comfortable with crypto transfers. The expert support ensures that users have a dedicated resource to guide them through the process, addressing any concerns and providing valuable insights.
Mudrex has emerged as the platform of choice for crypto enthusiasts, garnering significant attention and trust from users globally. The platform continues to prioritize innovation and compliance, ensuring that users can capitalize on the opportunities presented by the dynamic world of cryptocurrencies. The platform is also one of the earliest to register with the FIU in India. Mudrex also obtained virtual asset service provider license in the European Union and Organismo Agenti e Mediatori (OAM) registration in Italy.
Commenting on this, Mr. Alankar Saxena, CTO & Co-founder, said, “We are committed to providing our users with the most seamless and secure experience possible. And on top of being easy to use, we’ve also ensured our security measures are ironclad.
Firstly, we have enabled two-factor and biometric authentication measures so no one but you can access your account or your funds. Additionally, we enforce stringent compliance checks on every transaction to ensure your funds are completely safe. To tie this all together, we also use AES-256 encryption, a military-grade technology used by the top banks in the world.
The top priority for Indian investors right now is to have their assets in FIU-compliant entities as it gives them a localized experience and more importantly a way for legal recourse against fraudulent activity on their account. At Mudrex, we have created a seamless flow for users to transfer their funds from other exchanges while adhering to the highest safety and compliance standards”
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- By Rabindra
16, Jan 2024
U&i Launches Dynamic Series Wireless Neckband and Turbo Series Power Bank
New Delhi, January 16, 2024: U&i, India’s leading gadget, accessories, and consumer electronics brand, launches two new mobile accessories for people on the go. The Dynamic Series Wireless Neckband and Turbo Series Power Bank are stylish, high-performance accessories catering to the diverse needs of the modern consumer. These latest products are poised to revolutionise the audio and charging landscape this New Year.
U&i Dynamic Series Wireless Neckband
The Dynamic Series Wireless Neckband is targeted at users who crave seamless, hassle-free and well-balanced audio quality on the go. It comes with a Noise reduction (ENC) feature for an extraordinary calling experience even in noisy surroundings. Built around BT Version 5.3 the Dynamic Series features instant pairing and stutter-free connectivity over a distance of up to 10 meters. With up to 60 Hrs of playtime and 500 Hrs of standby time, the neckband offers unparalleled convenience for users who are always on the move. The magnetic control feature ensures fast on/off functionality in just 3 seconds, making it a perfect companion for those with an active lifestyle. The Dynamic series caters to music enthusiasts, professionals, and individuals seeking high-performance audio solutions.
U&i Turbo Series Power Bank
Paired with the wireless neckband is the Turbo Series Power Bank which has a unique semi-transparent design with LED light giving it a premium look. With a capacity of 10000mAh, this power bank proves to be a robust energy source. Featuring a PD 22.5W output, it ensures efficient charging for a variety of devices such as smartphones, smart watches, TWS, etc. The device has a total of two ports, such as USB and Type-C, and can automatically sense the connected device to supply the right voltage and wattage required for an efficient and quick charge. The Turbo Series Power Bank is designed to fulfil the needs of users seeking a dependable, high-capacity charging solution to keep their devices powered throughout the day.
Pricing and Availability
The Dynamic Series Wireless Neckband is priced at INR 2,699, whereas the Turbo Series Power Bank is priced at INR 2,999. Both products can be purchased from U&i outlets and other leading retail stores across India.
16, Jan 2024
Igx Introduces Power Contract for Meeting Increased Power Demand
Bengaluru, Monday, 16th January 2024: The Indian Gas Exchange introduces gas contracts for the power sector to address flexible demand and facilitate a smoother delivery process. With a focus on ease of trading and a fixed price for the contract duration, IGX has developed power-sector friendly contracts by offering weekly, fortnightly, and monthly delivery options. This enables power companies to trade with the flexibility to consume the entire quantity on any day during the contractual period. Delivery points include Dahej, Hazira, with provisions to add more terminals based on demand.
Speaking on the launch, Shri Rajesh K Mediratta, MD & CEO, IGX said, “In this summer, gas prices can touch single digit and spot gas markets can help meet burgeoning power demand, which touched 241 GW last year and expected to touch 255GW this summer. We see huge possibilities, since already power prices are touching Rs. 10/kwh for most time and in summer it may be for almost 24hr in a day. Gas prices less than $10/MMBtu will enhance gas usage for the power sector. Currently, Gas to Power demand is 14%, which can jump significantly in 2024. And in view of the upcoming peak season and challenges, IGX is introducing a special contract to provide flexibility in delivery timelines while maintaining a fixed price, addressing the specific needs of these power plants.
Shri Ghanshyam Prasad, Chairperson, Central Electricity Authority (CEA) in his keynote address said, ” The newly introduced contract by IGX would be beneficial to power companies as it is designed based on the peculiar working of a gas-based power plant. With some changes in gas transportation capacity booking timelines, this contract should be able to help run gas-based power plants by sourcing gas from IGX at competitive prices.”
Giving the special address, Shri P.K. Mishra, Executive Director – Fuels, NTPC said, “I commend IGX for launching a gas contract that addresses the dynamic needs of the power sector. NTPC has swiftly adapted to market changes, and IGX’s new contract comes as a timely solution for gas power plants facing challenges. With an eye on the future, anticipating increased gas demand in the next five to six years, IGX’s product aligns with the evolving energy landscape.”
The introduction of this specialized contract not only caters to the unique needs of the power sector but also opens up new opportunities for suppliers. They can now explore selling cumulative volumes at market-discovered prices, fostering a more dynamic and efficient marketplace.
16, Jan 2024
Jay Jagannath Padayatra – An exclusive initiative by News18 Odia
16th January, 2024: Lord Shree Jagannath, revered by the people of Odisha, holds a special place in their hearts—a symbol of divine spirituality and cultural heritage. As January 17, 2024, approaches, excitement surges across the state. This auspicious day marks the grand unveiling of the Puri Heritage Corridor by the Government of Odisha, a momentous occasion that will captivate the gaze of millions of Jagannath devotees globally.
The News18 Network has consistently played a pivotal role in capturing the true spirit and vibrancy of festivals, delivering innovative programs with high-quality content. In alignment with this commitment, News18 Odia is set to organize a spectacular rally on January 16th, serving as a curtain-raiser for the inauguration ceremony.
This rally is not merely an event; it is a unique and unparalleled experience that promises to be etched in the memories of all attendees. The rally will feature a grand convoy of several vehicles, each meticulously decorated with models representing the redeveloped Shree Jagannath Temple and the divine trinity, cultural performances, and an open-air studio for dynamic discussions. Culminating in a spectacular on-stage closing ceremony in Puri, the event will feature eminent personalities who have contributed significantly to their respective fields. Distinguished personalities, including CP-Bhubaneswar Mr. Soumendra Priyadarshi, Cine Actor Sabyasachi, Cine Actress Archita, Hockey India President Mr. Dilip Tirkey, Sprinter Dutee Chand, Odishi Dancer Aruna Mohanty, Music Director Manmath Mishra, and International Sand Artist Sudarsan Pattnaik, will actively participate in the rally.
Tune in to News18 Odia at 8 AM on January 16th, 2024 to witness this grand celebration.
: Lord Shree Jagannath, revered by the people of Odisha, holds a special place in their hearts—a symbol of divine spirituality and cultural heritage. As January 17, 2024, approaches, excitement surges across the state. This auspicious day marks the grand unveiling of the Puri Heritage Corridor by the Government of Odisha, a momentous occasion that will captivate the gaze of millions of Jagannath devotees globally.
The News18 Network has consistently played a pivotal role in capturing the true spirit and vibrancy of festivals, delivering innovative programs with high-quality content. In alignment with this commitment, News18 Odia is set to organize a spectacular rally on January 16th, serving as a curtain-raiser for the inauguration ceremony.
This rally is not merely an event; it is a unique and unparalleled experience that promises to be etched in the memories of all attendees. The rally will feature a grand convoy of several vehicles, each meticulously decorated with models representing the redeveloped Shree Jagannath Temple and the divine trinity, cultural performances, and an open-air studio for dynamic discussions. Culminating in a spectacular on-stage closing ceremony in Puri, the event will feature eminent personalities who have contributed significantly to their respective fields. Distinguished personalities, including CP-Bhubaneswar Mr. Soumendra Priyadarshi, Cine Actor Sabyasachi, Cine Actress Archita, Hockey India President Mr. Dilip Tirkey, Sprinter Dutee Chand, Odishi Dancer Aruna Mohanty, Music Director Manmath Mishra, and International Sand Artist Sudarsan Pattnaik, will actively participate in the rally.
Tune in to News18 Odia at 8 AM on January 16th, 2024 to witness this grand celebration.
16, Jan 2024
Indian Mutual Fund Industry Surpasses Monumental ₹50 lakh crore AUM Milestone on the back India Growth Story – AMFI
Bengaluru, 16th January 2024: In a significant testimony to the robust growth and resilience of the Indian Mutual Fund Industry, Association of Mutual Funds in India (AMFI) announced surpassing ₹50 Lakh Crores of Assets Under Management (AUM), a remarkable milestone achieved by the mutual fund (MF) sector. This noteworthy achievement comes against the backdrop of India growth story, highlighting the MF industry’s ability win investor trust by providing low-cost, long-term-oriented wealth creation avenues.
The focus of Prime Minister Narendra Modi on enhancing economic growth through heightened investments and initiatives aimed at revitalizing the country’s economy post-COVID, coupled with FM Nirmala Sitharaman’s push for financialization of savings and financial inclusion has led to many first time Mutual fund investors joining the fold and contributing to surge in mutual fund investments. The number of unique mutual fund investors more than doubled over the last five years from 1.91 crores in December 2018 to 4.21 crores in December 2023.
Mr. Navneet Munot, Chairman of AMFI, commented on this milestone, saying, “We are elated to announce the achievement of ₹50 lakh crore AUM, which is a testament to the trust that investors place in the Indian Mutual Fund Industry. On this momentous achievement, we would like to thank and congratulate the regulator, SEBI, all our distributors and investment advisers, all MF industry stakeholders, our member AMCs and above all, the mutual fund investors. The mutual fund Industry is geared up for the next growth milestone of ₹100 Lakh Crores AUM and 10 crore investors, which we are sure will be achieved sooner than expected as the industry has shifted gears to accelerate distribution outreach leveraging technology across the value chain.”
Mr. Venkat Chalasani, Chief Executive of AMFI, shared his perspective on the industry’s achievement, stating, ” While the MF industry took almost 50 years to build the first ₹10 Lakh crores of AUM, the last INR 10 Lakh Crores, from ₹40 Lakh Crores to ₹50 lakh crores was amassed in just over a year. The entire mutual fund industry in India including the AMCs and the Regulator have put in focused efforts to reach investors across the country with support from the MF distributors.
The MF industry has continued to evolve over the years, offering a diverse range of investment options. It also emphasizes the collaborative efforts of various stakeholders in fostering a robust investment ecosystem.” He further added, “The more encouraging aspect is the constant retail participation in a disciplined manner through the systematic investment planning (SIP) route. The B30 locations have instilled a new drive in the MF investment and the distributor fraternity has been working towards deeper financial inclusion.”
The Indian Mutual Fund Industry has witnessed sustained growth in the recent years, driven by factors such as increasing financial literacy, regulatory reforms, and a shift towards SIPs. The monthly gross SIP inflows, which was around ₹8,000 crore in FY20, have now scaled up to an all-time high of ₹ 17,610 crores in December 2023 with cumulative inflows through SIPs alone crossing ₹ 1,41,000 crores. The SIP AUM as at the end of December 2023 touched ₹10 Lakh Crores, which is another significant milestone.
The ‘Mutual Fund Sahi Hai’ investor awareness campaign run by AMFI under the aegis of SEBI has led to increased awareness and acceptance of mutual funds as an investment option of choice.
AMFI believes that the industry is geared up to surpass the ₹100 Lakh Crore AUM mark by the turn of the decade. Achieving this growth will require an increase in the investor base from 4.21 crores to 10 crore investors. AMFI will follow three distinct categories of market expansion that will be essential to achieve this target – Distribution outreach, Inclusion of middle-income households through simplification and digitalisation, and higher wallet share of household savings.
The Industry’s AUM crossed the milestone of ₹10 Lakh Crore for the first time at the end of May 2014 and in a short span of about three years the AUM size had increased more than two folds and crossed ₹20 Lakh Crore for the first time in August 2017. The AUM size crossed ₹30 Lakh Crore for the first time in November 2020. And the industry’s AUM topped ₹ 40 Lakh Crores for the first time in November 2022. The AUM, which took 24 months to go from ₹ 30 Lakh Crores to ₹ 40 Lakh Crores, added the next ₹ 10 Lakh Crores in half the time, as it touched ₹ 50 Lakh Crores in the month of Dec 2023. At the end of Dec 2023 with ₹50 Lakh Crores mark in AUM, the Mutual Fund Industry has witnessed growth of ₹40 Lakh Crores AUM in 9 years.
16, Jan 2024
ACC’s Bargarh plant wins back-to-back gold awards
Bengaluru, 16 January 2024: ACC, the cement and building material company of the diversified Adani Group, has won another gold award for its Bargarh cement plant at the 14th Kalinga Safety Excellence Award ceremony held in Bhubaneshwar, Odisha Organised by the National Safety Conclave-2023, the prestigious two-day conference and award ceremony served as a platform for industry leaders and professionals to share best practices, initiatives, and compliance strategies related to the Occupational Safety and Health Code. The award to ACC Bargarh highlights its dedication to implementing best practices and initiatives that contribute to creating a safe and secure work environment. This is the second consecutive gold award for the plant within a week. Earlier in the week, it bagged a gold award for its role in enhancing sustainability and promoting safety.
Mr. Ajay Kapur, CEO, Cement Business, said “This accomplishment validates our sincere commitment to a safe work environment. The award motivates us to elevate safety standards even further. We are on a continuous journey, aiming not just to meet but exceed expectations for workplace well-being.”
The two-day conclave, which took place between 20 -21 December 2023, aimed to promote safe and healthful working conditions, enforce standards, and provide training, outreach, education, and assistance in fostering a culture of safety across diverse sectors. Participants from various industries, including health, hydro, power manufacturing, and construction, gathered from all parts of the country to engage in meaningful discussions and collaborations.
16, Jan 2024
Uber flags off EV Autos in temple city Ayodhya
Bengaluru, January 16, 2024: Uber, India’s leading ride-hailing app, today flagged off its EV auto rickshaw service with Hon’ble Uttar Pradesh Chief Minister Yogi Adityanath in the temple town of Ayodhya under its popular category, Uber Auto. With the flag-off, Uber announced its commitment to offer convenient, affordable, and sustainable mobility solutions as the footfall to the holy city is expected to soar.
Following the launch of EV Autos, Uber will also start operations of UberGo – its most affordable car product; besides Uber Intercity – the fast-growing mobility product that will support all inter-city travel needs to Ayodhya from popular destinations within Uttar Pradesh. This comprehensive approach aims to connect the temple city to various destinations, contributing significantly to tourism, travel, and economic growth in Uttar Pradesh.
The expansion into Ayodhya aligns with Uber’s growth plans in India and reflects the company’s ‘India to Bharat’ strategy to increase its footprint and product offerings to more and more regional markets. Uber remains committed to bringing the magical multi-modal Uber experience to riders across the country.
Commenting on the launch, Prabhjeet Singh, President Uber India and South Asia said, “We are excited to expand our services to Ayodhya as it emerges on the travel map of millions. With this expansion, we are not only providing enhanced mobility options for tourists and pilgrims but also unlocking earning opportunities for many more in the region. We are committed to contributing to the city’s tourism, promoting a seamless travel experience and fostering sustainable economic growth.”
Ten years ago, the first Indian rider hailed an Uber on the streets of Bengaluru, beginning a journey that would quickly see the app become the country’s most preferred platforms for riders and drivers alike. Since then, Uber has transformed the mobility landscape in India. A safe, reliable, and affordable car, auto, moto, or bus ride via the app is now available in 125 cities across India.
Over the past couple of years, Uber has implemented several innovative technology-driven solutions to help riders and drivers feel safer while on a trip and continues to do so every day through a slew of measures such as an in-app SOS feature, along with location sharing.
Getting started with Uber is easy:
● Download the app – Get the free Uber app from the App Store or Google Play on your smartphone and open the app to create your account.
● Request a ride – Enter your destination and choose a ride option. You’ll always see the price upfront.
● Enjoy your ride – You’ll see your driver’s picture and vehicle details, and can track their arrival on the map.
16, Jan 2024
Liminal Elevates Secure Custody and Asset Management by Integrating Telos Network
New Delhi, January 16, 2024: Liminal, a leading provider of institutional-grade digital asset custody solutions, is pleased to announce the integration of Telos Network into its custody and wallet infrastructure. This strategic move represents a significant leap forward in enhancing the security and efficiency of asset management on the Telos blockchain. Liminal has recognized that secure custody of digital assets is directly correlated with the strength of the underlying blockchain infrastructure. As the demand for alternative blockchain ecosystems and community participation continues to grow, interoperability has become a core integration parameter for custody platforms.
Commenting on the development, Manhar Garegrat, Country Head- India & Global Partnerships at Liminal, expressed his enthusiasm for the integration, stating, “The addition of Telos into Liminal custody’s multi-chain ecosystem is a significant step towards growing the web3 ecosystem together. Telos’ flawless record of zero-downtime since launch, over 15,200 transactions per second with minimal fees, and focus on enabling Zero Knowledge technology for ultimate scalability and privacy for blockchain global adoption, make it a compelling platform for web3 adoption. We are excited to empower projects building on Telos as they leverage Liminal’s robust security, world class compliance, regulated custody, process automations and integrations to grow their business on Telos.”
Commenting on the development, Sukesh Tedla, Director of Liquidity & Exchanges at Telos Network said “ We are delighted to find a like-minded partner in Liminal. The combined strength of both the brands will not only enhance the digital asset experience for users but also create a highly secure ecosystem for fostering innovation in digital asset custody services. We are committed to creating more synergies with Liminal in the near future.”
By introducing Telos, a third-generation blockchain platform, into our custody and wallet infrastructure, Liminal is enabling secure custody, policy-led workflows, multi-party wallet governance, and comprehensive compliance monitoring for protocols and institutions operating on the Telos Network.
Key Features of Liminal’s Integration with Telos Network:
Secure and Efficient Treasury Management: Liminal Custody’s robust MPC and Multisig-powered wallet infrastructure provides unparalleled security for Telos-supported assets. This infrastructure ensures that every transaction adheres to stringent security protocols and multi-party authorization requirements, offering granular control over asset management.
Policy-Driven Automation for Optimal Efficiency: Liminal’s automation workflows streamline Telos asset management processes. Users can define policy-based transaction processing rules to automate routine tasks, reduce operational overhead, and enhance overall efficiency, aligning with specific risk tolerances and regulatory requirements.
Vigilant Risk and Compliance Monitoring: Liminal Custody’s comprehensive risk and compliance monitoring tools mitigate potential risks and ensure regulatory compliance. The platform continuously monitors wallets and transactions for anomalies or potential violations, enabling users to take immediate action to protect their funds and adhere to regulatory standards.
Seamless Integration with Telos and DApp Ecosystem: Liminal’s MMI and Wallet Connect integration provide seamless access to a wide range of native Telos and mainstream decentralized applications (DApps). This integration empowers users to capitalize on their Telos asset holdings by accessing a diverse array of DeFi protocols.
16, Jan 2024
Dr. Ashok Khosla Receives Inaugural Sohrab Pirojsha Godrej Environment Award #SPGodrejAward
Bengaluru, 16th January, 2024: Following the successful launch of the Sohrab Pirojsha Godrej Environment Award, a pioneering initiative in collaboration with Mumbai First, Godrej Industries Limited and Associate Companies proudly announced Dr Ashok Khosla, as the distinguished winner of the inaugural edition. The award ceremony took place today in Mumbai, and celebrated Dr Ashok Khosla’s outstanding contributions in the field of environment and sustainability.
Dr Ashok Khosla, a star pioneer environmentalist, has not only significantly impacted India but has also left an indelible mark on the global stage. His extensive career includes serving on the National Security Advisory Board, the National Environment Board, and the Science Advisory Council to the Cabinet in India. Internationally, Khosla has been a trendsetter, playing key roles in the establishment of the first university course on the Environment at Harvard University in 1965, heading the first governmental agency for the Environment in a developing country in 1972, and establishing the first social enterprise for sustainable development in 1983.
Speaking on the occasion, Nadir Godrej, Chairman and Managing Director of Godrej Industries, expressed his appreciation, saying, “We are thrilled to announce Ashok Khosla as the recipient of the inaugural Sohrab Pirojsha Godrej Environment Award. His remarkable achievements and dedication to environmental causes have made a lasting impact, and he truly embodies the spirit of this Award. As we celebrate his accomplishments, we are inspired to continue our commitment to environmental stewardship and sustainability.”
The Keynote speaker of the Award, Dr Raghunath Mashelkar, FRS, Former Chairman of National Innovation Foundation & Former Director General of CSIR applauded this initiative, saying, “Fortunate to witness a unique event, when the inaugural award given in the name of a legendary pioneer in the field of environment, S.P. Godrej, is won by a living legend in the field of environment, Dr. Ashok Khosla.”
The recipient of the inaugural S. P. Godrej Environment Award, Dr Ashok Khosla expressed his delight, stating, “I am honoured to receive the S. P Godrej Award for Environment this year. My organisation, Development Alternatives has worked with Godrej Industries Limited and Associate Companies on many environmental and livelihood issues. As a scientist I think innovation is crucial to achieve our collective vision of the planet and people prospering in a symbiotic manner. Over the years my team at DA and I have tried to achieve this synergy. My contribution is miniscule, but I hope this award will inspire young minds to come forward as a movement to create a tangible shift towards protecting Mother Earth and its Species including us Humans.”
“Mr. S. P. Godrej, himself, a giant of a human being, was a man born much before his time! He devoted his entire life, giving of his Time & Talents, unstintingly to the cause of the Environment, literally 24×7. Our jury couldn’t have made a better choice in Awarding the Trophy in its Inaugural year, to Dr Ashok Khosla, an Environmental Crusader, like Sohrabji, and since 1965 … not just in India, but globally”, stated Mr. Roger C. B. Pereira, Vice Chairman, Mumbai First.
The award received a great response in its inaugural year itself. The evaluation criteria for the award included factors such as impact, leadership, commitment to environmental causes, community engagement, innovative approaches, advocacy efforts, scalability of initiatives, educational outreach, and a science-based approach.
Godrej Industries Limited and Associate Companies extend heartiest congratulations to Ashok Khosla and expresses gratitude to all individuals and organizations that participated in the event. The Sohrab Pirojsha Godrej Environment Award is a testament to Godrej’s unwavering commitment to creating a sustainable and environmentally conscious future.
16, Jan 2024
Ace the Australian Open 2024 with SOCIAL & Sony Sports
Calling all tennis fans, get ready to (ace)elebration because SOCIAL has slammed a game-changing partnership with Sony Sports! Think electrifying serves, and those oh-so-satisfying baseline smashes, your nearest SOCIAL is ready to be your ultimate courtside companion!
Prepare to witness Djokovic’s jaw-dropping shots, Alcaraz’s smashes send shivers down spines, and Aryna Sabalenka’s roars! Every nail-biting rally, every audacious forehand, every “Come on!” will be live and loud. Guests can also fuel up their fandom with Grand Slam special delicious bites and refreshing drinks from SOCIAL!
This is your chance to the world’s toughest championship like a true champion, surrounded by your gang and fellow tennis enthusiasts who share your passion for the game. So, grab your racquets, gather your squad and, live the game at your neighbourhood
SOCIAL!
Date: 12 th January, 2024 onwards
Venue: SOCIAL outlets in Mumbai, Pune, Delhi, Bangalore, Hyderabad, and Kolkata
Time: 12:30 PM IST on match days!
