22, Sep 2023
Infinity Learn by Sri Chaitanya Reports Strong Revenue Growth along with profit in its Latest Financial Report
India, September 22nd, 2023 – Infinity Learn by Sri Chaitanya, India’s only EdTech platform delivering outcome-based learning at scale is proud to announce its remarkable financial achievement, solidifying its position as the most promising start-up in the EdTech industry- The first company to have become PAT +ve (100 crore+) even before series A Funding. The company’s audited financial results for the fiscal year ending March 31, 2023, has exceeded all expectations and demonstrated its unwavering commitment to excellence.
Highlights:
The company’s revenue from operations reached 100 crores+ in 2022-23 compared to just 2.3 crore in 2021-22.
This is even more impressive after considering the expense growth of just ~2x during this period.
This impressive performance across both revenue and expense levels resulted in a PAT level breakeven in 2022-23 compared to a 37cr loss in the previous year.
Produced 2x results compared to other EdTechs
All of this is possible within two years of operations.
Infinity Learn’s outstanding financial results are a testament to its dedication to providing high-quality educational solutions and its ability to adapt and thrive in a dynamic market. With an unfair advantage of Sri Chaitanya’s legacy, Infinity Learn codified years of best practices and outcome based pedagogy into a system that delivers outcomes at scale. This makes Infinity learn ‘India’s only Outcome based and profitable EdTech start-up’, but also continue to set new standards and inspire innovation in the education sector.
Commenting on the results, Founding CEO of Infinity Learn by Sri Chaitanya, Ujjwal Singh expressed, “Navigating the ever-evolving EdTech landscape, Infinity Learn has soared with remarkable growth this year. In just over two years, we’ve not only upheld our relentless dedication to excellence but have also championed responsible growth. We’ve innovatively closed the educational gap, benefiting learners both nationally and internationally. Our foundational goal remains clear; while we champion widespread adoption, our guiding query remains, “Bachcha Seekha Ki Nahin (Did the child learn?)”
Pivoting to a futuristic approach, Infinity Learn has now set its sights on integrating the power of vertical AI (for Education) to achieve scalable outcome-based learning. Infinity Learn believes that the Nirvana of ‘Personalised Education’ to every learner at an affordable cost can finally be delivered using this disruptive power of AI and would be launching its proprietary solutions soon.
Currently, Infinity Learn has over 750k subscribers and 7 Mn learners accessing content in some form on its platform. The company aims at reaching over 50 Mn learners and 1Mn paid learners on its platform by 2025.
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- By Rabindra
22, Sep 2023
MIT Technology Review Insights and HCLTech poll with global tech leaders highlights the advantages of early-career programs
NEW YORK and NOIDA, India, September 22, 2023 — A new survey from HCLTech, a leading global technology company, in collaboration with MIT Technology Review Insights, found that only 17% of global tech leaders surveyed say their organization currently recruits candidates who do not have a formal college degree. The poll also highlights the importance of apprenticeship programs, building new approaches to talent shortages and investing in the next generation of workforce.
The poll highlights three key takeaways:
In the face of ongoing staffing shortages, finding and retaining IT and tech talent is a great challenge—and a competitive opportunity.
Targeting early-career candidates, including those who have not yet completed their formal college education, helps employers identify new talent while chalking out new career paths.
32% of those surveyed are leveraging formal apprenticeships to recruit or train entry-level employees.
“By targeting candidates earlier at the start of their career, including those yet to complete their college education, we identify new talent and create fresh career paths,” says Laurel Ruma, Global Director at MIT Technology Review. “Technology apprenticeships and educational partnerships are increasingly common, offering improved skill matches, higher retention rates and diversity in the workforce. These initiatives are our competitive edge in securing the future of our industry.”
HCLTech is an early adopter of alternate recruitment programs and has led the industry in recruiting entry-level talent from high schools and colleges. HCLTech’s apprenticeship program in India, called TechBee, is an innovative program that helps budding talented students who are looking for full-time careers in tech after high school. To further develop their global workforce, HCLTech extended its apprenticeship program to Sri Lanka, Australia, New Zealand, the Americas and Canada. HCLTech’s recruitment efforts extend to nontraditional candidates, including those from underrepresented backgrounds, to build a more dynamic workforce with a broader collection of ideas and increased innovation.
“Investing in talent as early as high school not only builds entry-level talent but also nurtures future leaders who can drive long-term innovation and value for customers,” said Jagadeshwar Gattu, the President of Digital Foundation Services at HCLTech. “HCLTech recognizes how a younger workforce with better training can benefit the entire sector and the advantages apprenticeships and graduate hiring programs offer to invest in the future workforce through education and upskilling”.
“Considering the rapid pace of technological innovation, engineering and STEM-oriented schools will benefit from partnering with tech companies to equip new graduates for tomorrow’s technology. It is also vital for tech companies to train young students and make them industry-ready,” says Subbaraman Balasubramanyan, Senior Vice President of Strategic Initiatives, HCLTech.
22, Sep 2023
CCSPL to Spearhead Rajasthan’s Economic Growth and Investment Promotion Initiatives
September 22, 2023, Rajasthan, India – Choice Consultancy Services Pvt Ltd (CCSPL), a wholly owned subsidiary of Choice International Ltd, is proud to announce its partnership with the Rajasthan state government to drive economic growth and foster social inclusivity. This strategic collaboration is in alignment with Rajasthan’s ambitious vision of job creation, sustainable development, and becoming a premier investment hub.
Under the awarded contract, CCSPL will assume a pivotal role in working closely with the Bureau of Investment Promotion (BIP) to develop and execute a comprehensive strategy aimed at bolstering Rajasthan’s investment ecosystem. This multifaceted strategy encompasses several key components, including reinforcing the Single Window System, enhancing business reform rankings, streamlining regulatory processes, and cultivating a business-friendly environment conducive to growth.
Arun Poddar, CEOofChoiceInternational, expressed his enthusiasm fort his significant collaboration, stating,”We are privileged to be selected as a partner by the Rajasthan state government to drive economic growth and investment promotion initiatives. Rajasthan offers immense potential as a prime investment destination, and we are committed to playing our part in realizing the state’s vision of prosperity and inclusivity.”
Rajasthan, with its rich cultural heritage and thriving business environment,has emerged as a favoured destination for investors seeking diverse opportunities.ThispartnershipwithCCSPLsignifies a pivotal step towards making Rajasthan an even more attractive investment destination, fostering economic growth,andfurtheringthestate’sreputationasahubforinnovationandsustainabledevelopment.
22, Sep 2023
Experience the Future of Refrigeration: LG Launches With New Wi-Fi Convertible Side by Side Refrigerator
Bengaluru, 22nd September 2023: LG Electronics India, India’s One of the leading consumer durables & air conditioner brand, is set to redefine how we experience refrigeration with the launch of its revolutionary Wi-Fi Convertible Side by Side Refrigerator which allows users to convert the freezer section to a fridge from anywhere using LG ThinQ App. This cutting-edge appliance promises a new era of convenience and control in home appliances.
The 2023 Wi-Fi Convertible Side by Side Refrigerator range currently offers 9 models, available in both Matt and Glass finishes, complete with chrome-finished door handles and exquisite metallic decorations inside. The refrigerator models will be available with a capacity of 650 litres.
As part of LG’s commitment to delivering innovative solutions that cater to diverse needs, the Wi-Fi Convertible Side by Side Refrigerator range will be priced from INR 122,999 to INR 152,999/-.
Embodying LG’s commitment to innovation and sophistication, the 2023 range of LG Wi-Fi Convertible Side-by-Side Refrigerators boasts a sleek, minimalist, flat design adorned with metallic decorations. The refrigerators effortlessly blend functionality with elegance, enhancing the aesthetic appeal of any modern kitchen. With its standout feature of remote operation via the LG ThinQ app, users can effortlessly control settings and temperatures from anywhere, minimizing cold air loss. This innovation redefines convenience, allowing users to remotely convert the freezer into a fridge with unparalleled ease.
Commenting on the launch, Hyoung Subji, Director Home Appliances & Air Conditioners, LG Electronics said,” Today, we are thrilled to introduce the LG Wi-Fi Convertible Side by Side Refrigerator, a testament to our commitment to innovation and convenience in home appliances. With the ability to be operated remotely through the LG ThinQ app, this refrigerator ushers in a new era of flexibility and control. Whether converting your freezer to a fridge while at work or adjusting temperature settings from the comfort of your couch, the Wi-Fi Convertible Refrigerator seamlessly adapts to your lifestyle. This launch reaffirms LG’s dedication to providing solutions that simplify our customers’ lives while bringing an exquisite blend of design and functionality to modern kitchens.”
The latest LG Refrigerators also come with Smart Learner powered by AI, which analyses the usage pattern of the refrigerator and optimizes cooling accordingly. With the help of various algorithms, the latest range of LG Refrigerators monitors the hourly, daily and weekly data to deliver long-lasting freshness for fruits and vegetables.
The Side by Side Refrigerators are also furnished with Hygiene Fresh+ air filter. As validated by the third party TUV Rheinland, this cutting-edge technology reduces activity of bacteria by up to 99.99%.
Moreover, these refrigerators are loaded with functionalities like DoorCooling+™, ensuring faster cooling than traditional systems and prolonging the freshness of stored food items. LG’s exclusive DoorCooling+™ innovation considerably narrows the temperature difference between the inner compartment and the door side, utilizing dedicated vents on the door shelves to cool beverages stored there efficiently.
The Smart Diagnosis technology packed in the refrigerators enhances troubleshooting and maintenance by allowing the fridge to communicate directly with the LG customer support centre. This results in quicker issue resolution and minimized downtime. The Smart Inverter Compressor optimizes cooling performance by adjusting its speed according to the cooling demands. This enhances energy efficiency and ensures quieter operation and a longer compressor lifespan.
LG’s multi-air flow system guarantees uniform refrigerator cooling by effectively distributing cool air in every corner. This helps maintain consistent temperatures and prevents temperature fluctuations, preserving the quality of stored foods and beverages.
The refrigerator’s dedicated wine rack also provides a designated space to store your favourite wine bottles securely. This feature is designed to prevent any unnecessary movement while opening and closing the refrigerator doors, keeping your bottles safe and easily accessible.
22, Sep 2023
Silver Oaks International Schools to provide succor to the underprivileged through its Silver Oaks Street Store initiative
Hyderabad, 22nd September 2023: Silver Oaks International School – a 22-year-old institution, nurturing both character and competence with innovative pedagogy and an indigenous research-led curriculum; is hosting a unique charitable pop-up event – Silver Oaks Street Store on Sunday 24th September, 2023 at Silver Oaks International School, Bachupally and Silver Oaks International School, Wadakpally, Beeramguda in Hyderabad.
As part of the initiative, the students of Silver Oaks International Schools, are collecting unused and redundant articles, Books, toys, old clothes in good condition, and other utility items from their homes and that of their relatives and friends. The underprivileged can visit the Silver Oaks Street Store hosted at the Silver Oaks International School at Bachupally or Beeramguda on Sunday 24th September, 2023 between 9.00 am and 12.00 noon and choose and own items of utility for personal use.
Interested good Samaritans can be part of this noble initiative by contributing such items to the Silver Oaks Street Store, that may not be of use anymore, but are in good condition for others to use. They can also create awareness among the impoverished families engaged with them, to avail the opportunity and own needy items from the Silver Oaks Street Store. This way they can join the mission to bring joy in the lives of those who can’t afford some of the basic necessities.
22, Sep 2023
AVer’s Robust Information Security Recognized with ISO 27001 International Information Security Certification
Taipei, Taiwan – September 22nd, 2023: AVer Information Inc., an award-winning provider of video collaboration and education technology solutions, was awarded the internationally recognized ISO 27001 (Information Security Management System, ISMS) information security certification, in recognition of AVer’s persistent, no-compromise approach to the information security of its business partners and clients. The certification covers many aspects, including factory systems, product life cycle systems, maintenance of security-related machinery and systems, network services, as well as information system development, maintenance, and operations.
ISO 27001 is a comprehensive set of international standards for information security management that assists enterprises and organizations in establishing the confidentiality, integrity, and availability of information security management systems to ensure the security of information assets and reduce losses from future data leaks.
AVer has been working tirelessly since 2020 to implement its internal network control system to reliably detect and percept behavior on its internal networks. AVer has persistently developed information security management systems, including a business secret information security system, to create complete confidentiality and information security for its partners, clients, and business. In 2022, AVer established its first-ever information security task force, which routinely completed inspections of the company’s information security environment, and damage control systems while overseeing its implementation of information security training. The task force’s duties also included a deep search of the company’s information security defenses.
AVer’s chief of information security Dave Chu said: “AVer’s continued advances in information security are a testament to its dedication to its corporate responsibilities. Going forward, we will continue to enhance our information security practices to further prevent future leaks of AVer technologies and other confidential information. In addition to the implementation of information security systems, we will continue to work tirelessly to provide our staff with the necessary education to defend themselves against information security breaches. Through continued information security education within AVer, information security best practices have become a core part of our corporate culture, allowing for sustainable growth as we continue into the future.”
22, Sep 2023
H.E Dr. Nawab Mir Nasir Ali Khan, Honorary Consul of the Republic of Kazakhstan, receives the prestigious AsiaOne Diplomatic Excellence Award 2023
Hyderabad, 22nd September 2023: H.E Dr. Nawab Mir Nasir Ali Khan, Honorary Consul of the Republic of Kazakhstan for Telangana and Andhra Pradesh, India, was honoured with the prestigious AsiaOne Diplomatic Excellence Award 2023, at a glittering ceremony hosted by the 21st Asian Business and Social Forum, held at The Grand Hotel, Vasant Kunj, New Delhi, today.
The AsiaOne Diplomatic Excellence Award is a recognition for Dr. Nawab Mir Nasir Ali Khan’s exceptional contributions and unwavering commitment to strengthening diplomatic ties between India and Kazakhstan. This distinguished award was presented to him by Prof. S.P. Singh Baghel, Hon’ble Minister of State for Health and Family Welfare, Government of India, during a gala event attended by eminent ministers, diplomats, business leaders, and healthcare visionaries from across the globe.
Among the notable dignitaries, present on the occasion including several esteemed ministers and diplomats were Ms. Sadhvi Niranjan Jyoti ji, Hon’ble Minister of State for Consumer Affairs, Food and Public Distribution and Rural Development, Government of India; Dr. Ramdas Athawale, Hon’ble Minister of State for Social Justice and Empowerment, Government of India; Shri Ajay Bhatt, Hon’ble Minister of State for Defence and Tourism, Government of India; Shri Bhagwanth Khuba, Hon’ble Minister of State for Chemicals and Fertilizers; and New and Renewable Energy, Government of India; H.E. Mrs. Yasiel Alines Burillo Rivera, Ambassador of Panama to India; H.E. Mr. Demeke Atnafu Ambulo, Ambassador of Ethiopia to India; H.E. Mr. Jason Hall, High Commissioner of Jamaica to India; H.E. Mr. Mustapha Jawara, High Commissioner of Gambia to India; H.E. Mrs. Harisoa Accouche, High Commissioner of Seychelles to India; H.E. Dr. Roger Gopaul, High Commissioner of Trinidad and Tobago to India; H.E. Mrs. Josephine Patricia Ntyam-Ehya, Charge d’ Affaires of Gabon to India; H.E. Ms. Jacqueline Mukangira, High Commissioner of Rwanda to India; H.E. Mr. Alejandro Simancas Marin, Ambassador of Cuba to India; among others.
Dr. Nawab Mir Nasir Ali Khan’s dedication to fostering international cooperation and diplomacy has been instrumental in strengthening the bonds between India and Kazakhstan. His receipt of the AsiaOne Diplomatic Excellence Award 2023 is a testament to his outstanding efforts in promoting bilateral relations and cultural exchange.
22, Sep 2023
PNB launches PNB Swagat: A Seamless Digital Personal Loan Solution for New Customers
New Delhi/Hyderabad, 22 September 2023 – Punjab National Bank (PNB), nation’s leading public sector bank, proudly announces the launch of ‘PNB Swagat’, an innovative and fully digital personal loan scheme tailored for new customers. This ground-breaking initiative is designed to streamline and expedite the loan application process, providing instant loan approval and disbursement without the need for customers to visit a physical branch.
Under the ‘PNB Swagat’ scheme, eligible customers can access loans ranging from Rs 25,000 to Rs 10 lakhs, offering unparalleled financial flexibility. The repayment terms are equally accommodating, with options extending up to 72 months in the form of EMIs or until the borrower reaches the age of 60.
Shri Atul Kumar Goel, MD & CEO, PNB, shared his thoughts at the launch event, stating, “The digital loan portfolio of our bank has witnessed impressive growth over the past year, and the future looks promising. Leveraging the ever-expanding opportunities in the Digital End-to-End Personal Loan Segment and aligning with the Ease 6.0 Reforms Agenda for FY 23-24, we are confident that ‘PNB Swagat’ is poised to revolutionize the banking industry. This cutting-edge digital platform employs automated algorithms to analyze various data points and credit indicators, ensuring rapid and precise loan approval decisions. This not only expedites the loan approval process but also safeguards the bank’s portfolio with minimal risk.”
The ‘PNB Swagat’ Scheme is accessible to salaried individuals aged 21 and above, holding a salary account with any bank in India. The online application process allows customers to request loans ranging from Rs. 25,000 to Rs. 10,00,000, or 10 times the average of their last 10 month’s net salary out of the past 12 months, whichever is lower.
For loans between Rs. 25,000 and Rs. 6 lakhs, customers simply need to sign the e-sanction letter and enter the OTP from their registered mobile number. Customers seeking loans above Rs. 6 lakhs must sign the e-sanction letter and other digital documents using an Aadhaar-based OTP through an e-signing tool based on NeSL (National E-Governance Services Ltd).
In terms of repayment, ‘PNB Swagat’ offers a seamless digital experience by enabling customers to digitally sign the e-Mandate for loan EMIs using the NPCI e-Mandate approval platform. Application charges for the PNB Swagat scheme are set at 0.50% of the loan amount, inclusive of all charges, with a minimum amount of Rs. 500 plus GST. These charges cover documentation, stamp duty, CIC, and other associated fees.
To access ‘PNB Swagat’ and for a step-by-step guide, please visit PNB’s official website at https://www.pnbindia.in/
22, Sep 2023
Ambrosia Restaurant & Bar Re-launched its Redefined Dining, Where Nature Meets Cuisine
Kolkata, 22nd September 2023: Ambrosia Restaurant & Bar, situated in the heart of Kolkata, relaunched with an exclusive food-tasting session on Thursday. With a brand-new interior that seamlessly blends contemporary style with lush greenery, Ambrosia is poised to redefine the dining experience in the city. The event was graced by Renowned Actress Srijla Guha, Supratik Ghosh, Owner, Ambrosia.
The re-launch of Ambrosia promises to transport guests to a world of culinary delight with an exciting ambience. The restaurant’s ambiance has undergone a stunning transformation, embracing the beauty of nature in its decor, from hanging gardens to carefully placed potted plants, creating an inviting, natural charm that offers a serene oasis amidst the bustling city. Ambrosia now boasts an all-new, diverse, and tempting all-day cafe menu, catering to breakfast, lunch, and snack cravings with options ranging from delectable brunch offerings to crispy lotus stem. Additionally, for those seeking an elevated dining experience, Ambrosia introduces a selective fine dining menu crafted by talented chefs, promising an explosion of flavours in a luxurious setting perfect for special occasions. To quench your thirst, the restaurant’s mixologists have curated a colorful and attractive range of cocktails and mocktails, featuring classic favourites and innovative concoctions to suit everyone’s taste. As an added treat, Ambrosia also offers unique and premium quality hookah on the house, allowing guests to indulge in aromatic flavours. Among the various new additions to the menu, some noteworthy items include Parmesan Truffle Fries, Gaisai Takrai, Sriracha Chicken Tikka, Peri Peri Paneer Shashlik Johnnie Ginger, Bull Fork, Cobra’s Fang, Boozy Watermelon, Strawberry Pina Colada and many others.
Supratik Ghosh, Owner, Ambrosia, said, “I am thrilled to introduce the new Ambrosia Restaurant & Bar, a culmination of our dedication to providing an unforgettable dining experience. Our vision was to create a haven where nature’s beauty harmonises with exquisite cuisine and vibrant cocktails. With our revamped interior, diverse menu, and exceptional offerings, we invite you to savour the essence of Ambrosia, where every visit is a journey of culinary discovery. Welcome to our oasis in the heart of Kolkata.”
22, Sep 2023
Manglam Group Unveils a Splendid Luxury Residential Haven – Manglam Rambagh Project with an investment of Rs 200 crore
New Delhi, September 22, 2023: Leading the charge in redefining luxury living, Manglam Group has announced a groundbreaking investment of Rs 200 crore for the residential project – Manglam Rambagh. Nestled in the heart of Jagatpura, Jaipur, this gated township is poised to set a new benchmark in premium living with its meticulously designed features and facilities.
Spanning across an expansive 2.2 acre of prime land, the Manglam Rambagh Project offers a haven of 114 flats spread over six floors, each meticulously curated to cater to the epitome of luxury living. The flat types include 3 or 4 BHK flats and 5 or 6 BHK penthouse, boasting spacious dimensions ranging between 2370 sqft to 6120 sqft.
“Manglam Group is at the forefront of forging a sustainable and green future, and the Manglam Rambagh Project exemplifies this vision. This marks our maiden venture entirely dedicated to the green building concept. We’re not just building homes; we’re cultivating a greener lifestyle and nurturing a healthier tomorrow. Our commitment extends beyond luxurious living; it encompasses environmental responsibility. The project incorporates eco-friendly features and innovations that reduce our carbon footprint and promote sustainable practices. This milestone underscores our dedication to pioneering environmentally conscious real estate solutions, shaping a future where luxury harmonizes seamlessly with sustainability, ushering in a brighter and greener tomorrow,” said Ms Amrita Gupta, Director of Manglam Group.
The luxurious abodes are competitively priced, ranging between Rs. 1.38 crore to Rs. 3.73 crore, offering a comprehensive range of amenities that redefine the art of living. The project boasts a sprawling 700 sqyd garden area that serves as a serene escape amidst nature’s bounty. Residents can also indulge in the grandeur of the 1.66 acre luxurious clubhouse that adds a touch of sophistication to their lifestyle. The Group is expected to generate Rs 100 crore in sales by March 2024 and an additional Rs 90 crore by March 2025 from this Project.
Strategically located, the Manglam Rambagh Project offers unrivalled connectivity to key areas of Jaipur, including Malviya Nagar, Tonk Road, Sitapura Industrial Area, and Ramchandrapura Industrial Area. Commuting convenience is further assured with proximity to prominent landmarks like the 7-number bus stand (1.3 km), NRI Circle (1.5 km), Jaipur International Airport (8 km), and St. Mary’s School (200 meters). With a focus on holistic living, the project has been designed to adhere to Vastu principles, enhancing the overall harmony of the living spaces. The open Brahma Sthaan of the project resonates with positive energy, creating an environment of tranquillity.
The future is green and electric. Manglam Group recognizes this by incorporating provisions for personal Electric Vehicle charging points and promoting sustainable living among residents. High-speed communication is facilitated through centralized DTH and Optical Fiber Cables, ensuring seamless connectivity for the tech-savvy community.
Security remains paramount at Manglam Rambagh Project, offering a robust 3-tier security system encompassing RFID technology, Boom Barriers, the My Gate app, as well as vigilant guards stationed at entry, exit, and throughout the project campus. Each flat is allocated a minimum of two reserved car parking spots, contributing to a total of 250 reserved parking spaces. The project’s commitment to aesthetics and open space is underscored by the absence of ground-floor parking, thus maximizing green landscaping.
Manglam Group’s Manglam Rambagh Project is not just a residential venture; it’s an example of the legacy of the Group in creating homes that blend luxury, innovation, and sustainability seamlessly. As the project nears its completion in December 2024, prospective homeowners and real estate enthusiasts can expect to witness a new era of premium living in Jaipur.
