10, Feb 2023
Snowman Logistics Ventures into the Chemical Industry
Bangalore, 10th February 2023
Snowman Logistics, India’s leading integrated temperature-controlled logistics service provider, opens its first-ever state-of-the-art A-Grade dry warehouse for the chemical industry in Shoolagiri, Tamil Nadu. This is the cold-chain logistics company’s first venture into the chemicals business and first step into storing and distributing Hazardous chemicals.
Snowman Logistics will work with BDP UGL Global Logistics (I) Pvt. Ltd – one of the world leaders in automobile chemicals – and will soon extend to other chemicals & related customers.
The Shoolagiri facility is situated in Horizon Industrial Parks Pvt. Ltd. and is 50,000 sq. ft. of warehouse space with a capacity of 5500 MTs with G+5 racking, equipped with all safety equipment and compliances. The warehouse is equipped with modern storage and handling equipment and provides an efficient and secure storage solution for goods. It is also well-wired with cutting-edge technology to provide a 24-hour monitoring system and fire protection for the safety of the stored goods.
Commenting on its new business line, Mr. Sunil Nair, CEO of Snowman Logistics says, “Being a market leader in the cold chain space for over three decades, we have come out of our comfort zone this time. We are very excited to serve and grow in this new segment and are committed to continuing to provide our customers with the highest quality services in the Chemicals space, as well.” He further added, “We are looking forward to working with BDP UGL Global Logistics (I) Pvt. Ltd, which is one of the world leaders in automobile chemicals and together implementing global standards and practices and developing world-class capabilities for storing and distributing hazardous chemicals in the region and beyond.”
Speaking on their association with Snowman Logistics, Pavithran M Kallada, Managing Director, BDP India, says, “With our expertise in global chemical supply chain management and in-depth domain knowledge in dealing with chemical clients, we are expanding our capabilities in contract logistics. While we continue to add value to our global customers in the Chemical sectors, we will also expand into other industries. The most important objective for BDP is to create a culture of compliance-focused contract logistics eco-system with our business partners.”
Manish Chaturvedi, Regional Director, BDP India, says, As we consider expanding our warehousing and contract logistics space in India, finding a partner with the same value systems is crucial. As we sought to expand our solution offerings for our large chemical customers in the south of India, we were pleased to find a partner like Snowman, who has a focused approach to infrastructure creation and shares the same values as BDP. This partnership is so exceptional because we were able to bring this fully compliant chemical storage facility from concept to operation within 100 days.”
At Shoolagiri, Snowman will operate the warehouse 24X7 and provide transportation services with a solid process mechanism. A central team of professionals will continuously monitor their services end-to-end, from the first to the last mile, ensuring that the client assets are safe at all times.
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- By Rabindra
10, Feb 2023
This Valentine’s Day, indulge your loved one at Hyatt Regency Delhi
New Delhi: February 10th, 2023 – Valentine’s Day is the perfect opportunity to revel in a romantic rendezvous and shower your partner with love and affection. As romance fills the air, Hyatt Regency Delhi gears up to make this Valentine’s Day the perfect start to your week. Sweep your partner away as you experience a romantic getaway replete with gastronomical delights, intimate settings and a host of luxurious offerings that include a dedicated butler for a truly unforgettable experience.
Couples can choose to either dine at any of the hotel’s restaurants — La Piazza, TK’S Oriental Grill, Café, The China Kitchen, Syrah or Aangan Reloaded — or book an overnight stay with their exclusive staycation offer.
The Valentine’s Day special stay package is priced at INR 99999 plus taxes for two people in a luxurious suite. Couples who check in on February 14 will be welcomed with a bottle of sparkling wine and have a dedicated butler for the duration of their stay. The package includes dinner in a cabana overlooking the pool, breakfast at Cafe the next morning, lunch at Syrah and a late check out on 15 February.
Culinary celebrations for Valentine’s Day:
A gastronomical affair at La Piazza
Indulge in a romantic dining experience at La Piazza with its picturesque setting and a delightful brunch concept for dinner. Savour Italian trattoria-style authentic Italian Cuisine and choose from a selection of non-alcoholic or alcoholic beverages, including beer, wine, cocktails, and prosecco. With its warm and inviting atmosphere, La Piazza is the perfect destination for any special celebration.
Valentine’s Day Package (Dinner only):
INR 4500 plus taxes per person with soft beverages only
INR 6950 plus taxes per person with alcoholic beverages
*Special prices for Club at the Hyatt members
Romantic Escape at TK’s Oriental Grill
Treat your taste buds to exotic flavours with the specially curated set menu for dinner. Choose from a range of non-alcoholic or alcoholic beverages, including beer, wine, cocktails and prosecco, and celebrate your love in a unique and memorable way.
Valentine’s Day Package (Dinner only):
INR 4500 plus taxes per person with soft beverages only
INR 6950 plus taxes per person with alcoholic beverages
*Special prices for Club at the Hyatt members
Lavish buffet at Café
Café is a 24-hour restaurant offering a scenic view of the lush green gardens of the hotel. Enjoy a lavish buffet spread for dinner at Café. With a range of non-alcoholic and alcoholic beverages, including beer, wine, cocktails and prosecco, this is the ideal venue for a romantic meal with your loved one. Savour the flavours, delight in the ambience, and create lasting memories with your special someone.
Valentine’s Day Package (Dinner only):
INR 3750 plus taxes per person soft beverages only
INR 5950 plus taxes per person with alcoholic beverages
*Special prices for Club at the Hyatt members
Intimate dining at The China Kitchen
Experience the richness of traditional Chinese cuisine with The China Kitchen’s curated set menu for dinner. With a range of non-alcoholic and alcoholic beverages, including beer, wine, cocktails and prosecco, this is the perfect destination for a Valentine’s Day celebration.
Valentine’s Day Package (Dinner only):
INR 4500 plus taxes per person soft beverages only
INR 6950 plus taxes per person with alcoholic beverages
*Special prices for Club at the Hyatt members
A Mediterranean affair at Syrah
Savour a romantic dining experience at Syrah and choose from a range of non-alcoholic or alcoholic beverages, including beer, wine, cocktails, and prosecco. With its charming ambience, Syrah is the perfect venue for a memorable Valentine’s Day celebration.
Valentine’s Day Package (Dinner only):
INR 4500 plus taxes per person for soft beverages only
INR 6950 plus taxes per person with alcoholic beverages
*Special prices for Club at the Hyatt members
Dine under the stars at Aangan Reloaded
Celebrate your love with a romantic a la carte dining experience at Aangan Reloaded. Savour the flavours and revel in romance while you dine under the stars.
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10, Feb 2023
Honda Motorcycle & Scooter India conducts Road Safety Awareness Campaign in Rajasthan
Bikaner, 10 February 2023: Re-emphasizing the need for road safety awareness among the people to build a collision-free India, Honda Motorcycle and Scooter India’s (HMSI) National Road Safety Awareness Campaign reaches Bikaner in Rajasthan.
The three-day camp (7 – 9 February 2023) at Basic PG College witnessed spirited participation from over 2800 college students and staff members who set out to imbibe safe riding practices. H MSI’s road safety instructors utilized age-appropriate road safety learning programs to enhance the retention of road safety awareness among all.
Speaking on HMSI’s commitment towards sensitizing India on road safety, Mr. Prabhu Nagaraj, Operating Officer – Brand & Communication, Honda Motorcycle and Scooter India said, “Road safety education is essential for developing a road safety mindset. HMSI has been conducting Road safety awareness campaign to develop more responsible road users across the country. With this campaign, we aim to cultivate the right road safety habits amongst the new and upcoming riders as well as help them in understanding the importance of using the roads safely.”
H MSI’s National Road Safety Awareness program made learning fun yet scientific through:
1. SCIENTIFICALLY DEVISED LEARNING MODULE: Honda’s skilled instructors set the foundation with theory sessions on road signs & markings, driver’s duties on the road, riding gear & posture explanation, and safe riding etiquette.
2. PRACTICAL LEARNING: A special training activity on Honda’s virtual riding simulator was executed for all to experience over 100 possible dangers on road before actual riding.
3. INTERACTIVE SESSION: Participants were given danger prediction training known as Kiken Yosoku Training (KYT) which helps in enhancing rider/driver’s sensitivity to danger and ensures safe driving behavior on roads.
4. EXISTING DRIVERS HONING RIDING SKILLS: Students & school staff members who are already existing riders tested & honed their riding skills through slow riding activities and riding on narrow planks.
5. LEARNING IN A FUN WAY: To ensure that the young students could learn more about road safety, Honda also conducted fun educational activities like road safety games and quizzes on daily basis.
Honda Motorcycle & Scooter India’s CSR commitment towards Road Safety:
For Honda globally, road safety comes first. As announced in April 2021, “Honda will strive for zero traffic collision fatalities involving Honda motorcycles and automobiles globally by 2050”. Fulfilling its corporate social responsibility (CSR), HMSI has been promoting road safety in India since its start in 2001. Working towards the realization of Honda’s global safety vision, today HMS I’s road safety awareness initiative has already spread to more than 50 lac Indians. Its team of skilled safety instructors conducts daily programs at its 10 adopted traffic parks across India and 7 Safety Driving Education Centers (SDEC).
Not only this, all HMS I’s 1000+ dealerships across India spread road safety awareness. H MSI’s proprietary virtual riding simulator increases the risk-prediction ability of riders; while new customers to are given predelivery safety advice (PDSA) before they start riding at every dealership across India.
Additionally, to ensure that learning does not stop in the new normal, HMSI started the digital road safety education initiative – Honda Road Safety E-Gurukul. Since its start in May’20, this initiative has sensitized more than 8 Lac Indians on the importance of being aware & responsible road users.
10, Feb 2023
AIWA bolsters Luxury Acoustics range, launches 3 New Category Leading Portable Speakers
10th February 2023 l New Delhi: Bolstering its coveted Luxury Acoustics Range of Speakers, Aiwa India today announced the launch of 3 new class-leading products under its impressive Audio portfolio – Aiwa MIX- 440 Enigma Beta, RS-X 100 & RS-X 150 Natsukasii Pro.
AIWA’s newest products in the highly successful ‘Luxury Acoustics’ category are designed to meet the needs of avid audiophiles and hard-core music enthusiasts who are looking for exclusivity, luxury, and high-quality sound. The new stylish & high-performance range stays true to the Brand’s promise for perfect products for those who don’t like to settle for the ordinary. All 3 products can be used both indoors and outdoors as they are portable and come with high-power rechargeable batteries. The speakers further enrich a range that comprises of versatile form factors from Retro to Wooden Built to luxurious leather finish to exquisite metallic build.
Taking the legacy forward for more than seven decades, technology and innovation have been the core strengths of AIWA products.
AIWA MIX-440 Enigma Beta Portable Bluetooth Speaker: MRP 54,990
Born to Thrill! Exceptionally Versatile & Dynamic Speaker. The younger sibling of Aiwa’s best-seller MI-X 450 Enigma truly outperforms with Best-In-Class Audio Experience. Packed with True Wireless Stereo for high-quality output. A new league of its own with a BASS++ sound profile. High-performance portable speaker comes with an elegant & commanding character and comes equipped with best-in-class features and software high-resolution supporting 24-bit music quality audio over Bluetooth 5.0. Enigma Beta comes with two passive bass radiators (front+ back) for the even distribution of sound. This speaker also comes with a Type – C charging point that enables 4 hours of charging time and 9 hours of playback time, powered by a 15000 mAH Li-ion battery delivering a strong 80W of powerful Sound. The Speaker also comes packed with a cordless MIC for Karaoke enthusiasts. There is also a digital control panel, and a 3.5mm AUX–IN. The Speakers also have TSW Multi-Link technology as a standard, allowing consumers to link multiple products in tandem.
AIWA RS-X 150 Natsukasii Pro Portable Retro Bluetooth Speaker: MRP 33,990
For those who don’t like to compromise. Upgrade to a Better Experience with Aiwa RS-X 150 Natsukasii Pro. Premium Retro looks with Seriously Good Sound Output, Features Rich Speaker with Japanese Technology at the core. The Speaker comes with triple Drivers for deep distribution of sound. This speaker also features Type – C charging point that enables 2 hours of charging time and 12 hours of playback time, powered by a 6000 mAH Li-ion battery delivering a solid 60W of pristine Sound.
AIWA RS-X 100 Natsukasii Pro Portable Retro Bluetooth Speaker: MRP 27,990
RS-X 100 Natsukasii Pro is tuned to Amaze the audiophile in you. Captivating Retro Styling with Seriously Good Sound Output, Compact and Built with Japanese Technology at the core. Like its elder sibling, it also features triple Drivers for deep distribution of sound, a Type – C charging point that enables quick charging and 9 hours of playback time, powered by a 4000 mAH Li-ion battery delivering a solid 40W of rich Sound.
Speaking on the launch, Mr. Ajay Mehta – MD, Aiwa India said “We are overwhelmed with the response to our Luxury Acoustics Speaker Range. This has been the most successful range of products for Aiwa and the brand has been able to compete and establish its footing in the elite high-end speaker bracket that comprises of iconic international brands. We are proud to say that our consumers and channel partners have been highly appreciative of our products and we hope to continue building the ‘Aiwa Cult’ further with exciting products over next few years. These products just kick off new years’ portfolio for Aiwa India and we are ready with a number of exciting launches through the year.”
Consumers can buy the speakers on www.aiwaindia.com and also on Croma, Reliance Digital, and Select Partner Stores.
10, Feb 2023
Indian Society of Vascular and Interventional Radiology hosts its prestigious 23 Annual Conference at Hyderabad!
Hyderabad, February 10th, 2023: The four-day prestigious 23rd Annual Conference of the Indian Society of Vascular and Interventional Radiology (ISVIR); was formally inaugurated by Dr (Smt.) Tamilisai Soundararajan, Hon’ble Governor of Telangana and Hon’ble Lt. Governor of Puducherry; today at Novotel Hotel-HICC, Hyderabad. This Conference, being held from February 9th to 12th, 2023, holds enormous significance for the Society, as it is celebrating its Silver Jubilee this year. The Executive Committee of ISVIR comprising of Dr. Suyash Kulkarni, President; Dr. Balaji Patel Kola, Vice-President; Dr. Ajit K Yadav, Secretary; Dr. Bhavesh A. Popat, Treasurer; organized this conference. Over one thousand delegates and faculty from India and abroad are participating in the conference.
Dr (Smt.) Tamilisai Soundararajan speaking after inaugurating the Conference said, Interventional Radiology is an emerging discipline and is the most talked about area in the field of medicine. I have a special affinity for radiology, as I was practicing interventional oncology. Though I am a gynecologist, I didn’t choose to practice gynecology or obstetrics, I had my training in sociology. When we diagnosed anomalies, I wanted to study fetal therapy. I went to Canada and underwent training in fetal therapy, during my tenure as Assistant Professor at Ramchandra Medical College, did ample number of interventional procedures of cordocentesis, amniocentesis, and others, therefore despite my busy schedule I wanted to come to this Conference. Though I became a gynecologist, my ambition was to be a radiologist. I missed the opportunity, but my daughter is a radiologist, so I am still one among your family. A specialty that is growing every second is Interventional radiology, what was practiced or studied yesterday becomes redundant today in Interventional Radiology. Interventional radiology is making rapid advances be it interventional-oriented or AI-oriented, or robotic-oriented. Earlier radiology was considered an imaging specialty, now it has evolved into an interventional specialty and now it has gone to the histological level. In this busy world, patients don’t want to be in the hospital for more days, don’t want scars in the body, and don’t want to suffer in a hospital for long, so you are specialists who are much sought after for fast and precise procedures. When we mention surgery to a patient and convey the number of hospital days, they refuse to undergo treatment. These advances help us to treat the patient efficiently, therefore it is the most needed specialty. When we diagnosed ovarian cysts and suggested surgery, most patients refused to undergo it, but after we started practicing interventional sinology, I could save several patients. I request all doctors to look after your health, that’s when you can look after others.
Interventional Radiology is the most promising and evolving specialty, transforming medical care through minimally invasive procedures, for most of the simplest and most complex ailments needing traditional critical and life-threatening surgeries. The specialty enables speedy recovery and quick return to regular routine of patients. There are over 1300 Interventional Radiology specialists in the country. Over a thousand delegates from India and abroad are attending the Conference. The Society commenced its operations with 28 founder members two and half decades ago and has over 1300 members currently.
Dr Suyash Kulkarni speaking on the occasion said, this year ISVIR is celebrating its silver jubilee. Our founder members had the vision to develop and propagate interventional radiology in India and today we are witnessing the exponential growth of Interventional radiology across the country to the extent that all hospitals and institutions claiming to provide comprehensive care, have Intervention radiology as an integral part. We are working towards several collaborations with international societies and with other specialties like gastro surgery and oncology. As a Society we are stressing on developing and promoting indigenous devices under the principle of make in India, to reduce the burden on the patient and make Interventional radiology cost-effective. On the academic side we are involved in developing various guidelines and SOPs, to ensure the safety of patients from the procedures.
Interventional Radiology, a subspecialty of radiology, uses image guidance to perform minimally invasive procedures. Some of these procedures are done for purely diagnostic purposes like Angiography, while others are done for treating patients. Improvements in imaging techniques and their wider availability over a period of time played a major part in the growth of IR in India. The annual number of procedures performed countrywide has grown from under 5,000 in 1999 to more than a lakh in the last year. The number of centers performing these procedures has grown exponentially from 8 institutions at the time of inception of the Indian society to over 500 today.
The Indian Vascular and Interventional Radiology professionals perform state-of-the-art techniques on par with the best Centers in the world and participate in cutting-edge experimental and clinical research. The Interventional Radiology techniques include cardiovascular, hepato-biliary, Genito-urinary, neurological, abdominal, and musculoskeletal systems.
As Interventional Radiology is a relatively new specialty, awareness among patients is dismally low, despite its overwhelming benefits. This lack of awareness about Interventional Radiology is leading to patients opt for conventional, often complex surgeries, despite the access to friendly minimally invasive treatments from Interventional radiology for patients. Now there are multiple interventional radiology clinics across India. every corporate and government hospital has interventional radiology departments. A patient can now directly consult interventional radiologists for non-surgical minimally invasive treatments of their ailments.
Now interventional radiology super specialty qualifications like D.M, Dr. NB, is recognized and approved by the national medical council and are available at major hospitals of India.
The Conference will deliberate on New Innovations and Research Topics, Artificial Intelligence in Interventional Radiology, Robotic Interventional Radiology, and Advancement in Cancer Care. Several Academic Sessions and Hands-on Workshops will be hosted during the Conference for Training of younger Interventional Radiologists.
Some of the interesting and futuristic topics being deliberated at the Conference are newer embolization techniques like prostatic artery embolization for benign prostate hypertrophy and genicular artery embolization for osteoarthritis of the knee. Both these procedures can be availed to avoid surgeries. Evolving IR and New Frontiers to expand – Collaborate with AI; AR & VR in IR practice and education; IR- The Indian Perspective; Expanding IR in rural places; Public awareness/Social Media of IR; Women in IR; Why women are underrepresented in IR; Interventional; Work-life balance for women in IR; What can be done to make IR as gender equitable. Dr. Balaji Patel Kola from apollo Hospitals; Dr Ram Murthy, NIMMS; Dr Jagadeesh Rampal from AIG Prominent Doctors from Hyderabad.
10, Feb 2023
The Ultimate Valentine Gifting Guide by Flipkart!
Are you still pondering on what to gift your loved ones this Valentine’s Day? Should it be a digital watch, a romantic novel, a customized diary, a wallet, or a frame? The choices are endless! Not to worry, Flipkart’s Flip Heart Sale might just be the right gift you are looking for! Make this 14th February extra special and express your love with these products on Flipkart.
Women Backpacks
Valentine’s Day gifts should not be limited just for D-day! Gift the partner backpacks that remind you of them whether they’re going to work or when they’re traveling. These Allen Solly bags are available in various colors and shades and are the perfect addition to your bag collections!
Prices start from Rs. 1000 Grab yours on the Flipkart Fashion collection here
Ring Watch
If your partner adores authentic design accessories, surprise them with this Fossil ring watch! This watch is available in the color Rose Gold. Let your beau flaunt their stylish personality! You can access similar pieces from the Fossil watches collection on the Flipkart app!
Find this watch on Flipkart here for Rs. 7,995
Bath and Body Care Kit
The best gift set for all those little things you do in love! Kimirica’s love story experience set is infused with romantic notes of gardenia and night-blooming jasmine to enhance every moment in your life. Self-care is the need of the hour and these self-care products are sure to transport you to a romantic escapade.
This gift set is boxed and ribboned up luxuriously to celebrate surprises, making it an ideal gifting option for you and your loved ones. This luxury gift set contains a Hydrating Body Wash, Nourishing Body Lotion, Relaxing Bath Salt, Handcrafted Glycerin Bathing Bar, and Caring Hand Cream.
Find it here on Flipkart for Rs 936
Men’s Morning Grooming Gift Set
The morning routine every man asks for! An all-in-one unique grooming kit that includes deodorant, soap, perfume, and all shaving accessories for men. Give your man the makeover he deserves. Some of the collections by Park Avenue include travel and essential kits, accessible in different ranges on Flipkart.
Find it here for Rs. 499
Scented Candles
A candle will always be warm and friendly when you are with your beloved ones or your Valentine. These candles provide pleasing fragrances that enrich the ambiance of your home by bringing the beauty of the outdoors inside.
Your house can smell like rose, jasmine, sandalwood, lemongrass, vanilla, and lavender, at the same time! These candles last up to 5 hours once lit. You should definitely go for this gift if your Valentine loves home decor!
Find these candles here for Rs. 399
Make-up Kit
Every mehendi, every late-night party, every family function, every wedding, you know you have the right makeup for every occasion with this make-up kit! This kit includes long-lasting colors that can stay on all day, keeping your make-up spot on for a long time! If you are someone who loves makeup, look no further!
Find this kit here for Rs 1,756
Valentines Day Chocolates
Make your partner blush with Cadbury’s Heart Blush chocolates, the perfect gift for your Valentine! This chocolate is a special edition of the Dairy Milk Silk collection. Pop the Heart Blush in the chocolate bar and give it to your special someone to express your love. Indulge in the irresistible taste of silk!
Find this chocolate set for Rs.464 here.
10, Feb 2023
Aegon Life and Sugmya Finance to provide insurance access to rural & semi-urban low-income women entrepreneurs
Mumbai, 10 February 2023: Aegon Life, Digital India’s life insurance company, has partnered with Sugmya Finance, an NBFC providing financial support to women entrepreneurs in India’s semi-urban and rural areas, to offer life insurance cover to all borrowers and co-borrowers. This partnership will empower entrepreneurs across nine regions, including Delhi, Madhya Pradesh, Uttar Pradesh, Bihar, Rajasthan, Haryana, Jharkhand, Uttarakhand, and Himachal Pradesh. The alliance is a significant step in Aegon Life’s vision to make every household financially secure by making insurance easy and accessible to all.
Aegon Life and Sugmya Finance will offer a life cover to all borrowers and co-borrowers of MSME Loans and Micro Loans. The loan can be applied for online, via an app, and also through physical branches of Sugmya.
Satishwar B., MD, and CEO of Aegon Life Insurance said, “We are glad to announce our strategic alliance with Sugmya Finance, which has paved the way for a self-reliant Bharat through women-led development initiatives. According to a NASSCOM report, the percentage of women-led startups in India has increased from 8 percent in 2014 to 13 percent in 20191. However, a large part of this population does not have an insurance safety net. These women in India contribute to the transformation of their communities and the lives of their families through entrepreneurship, but they are still a largely uninsured segment. This ‘loan+life insurance’ offering will protect these women and their families from any financial loss or instability in case of any unfortunate incident.”
“Aegon Life and Sugmya Finance use a common set of digital operations that enables a cashless and paperless approach that makes onboarding effortless for the customer,” he added.
Vikas Singh, Director & Co-Founder of Sugmya Finance Pvt Ltd, said, “At Sugmya, we empower women entrepreneurs. Most of our customers approach us with the goal of saving money for their children’s education, taking on more financial responsibility for their families, and developing a natural sense of achievement. This collaboration with Aegon Life will further strengthen our offerings. Aegon Life’s insurance plan included in our loans will empower women, making them self-sufficient. An Atmanirbhar Bharat for India cannot exist without Atmanirbhar women.”
Aegon Life is committed to tackling the insurance difficulties faced by underserved and underpenetrated consumer segments in India.
10, Feb 2023
KL Deemed to be University partners with Red FM to Celebrate Ordinary people doing extraordinary things
New Delhi, India –KL Deemed-to-be-University, India’s leading University is proud to announce its collaboration with No. 1 radio station of Telangana & Andhra Pradesh Red FM, to celebrate the achievements of those who have overcome adversity to succeed. The special segment “Idi kathakaadu” of the prime-time evening show ‘Full too Bindaas’, will feature stories that showcase the triumph of the human spirit.
The segment will highlight the inspiring journeys of ordinary people who have accomplished great things despite facing great odds. This would include the struggle-winning journey of an individual who succeeds to reach the pinnacle of overcoming challenges and adversities. The show will pay tribute to these heroes who have fought through their struggles to come out on top and can be an inspiration to others.
Dr. G. P. Saradhi Varma, Vice-Chancellor, KL Deemed to be University said, “We are happy to partner with Red FM to recognize the amazing achievements of people. The endeavor acknowledges the tireless determination of people who continue their efforts fighting against all odds to achieve extraordinary goals in life. These real winning stories will not only motivate the listeners but will also connect with the wider audience and society as a whole.” These stories may serve as a dose of inspiration and a reminder that anything is possible with hard work and determination.
10, Feb 2023
Tax on overseas investment and capital gains
By Amit Gupta, MD, SAG Infotech
Many people choose to invest their money in overseas markets as a way to give it global exposure and increase their returns and reduce risk through diversification. However, one should be aware of the tax rules on overseas investment and tax on capital gains from the money invested in foreign markets when looking to diversify their portfolio across geographies.
Tax rules for overseas investment
Though residents in India are allowed to remit up to $2,50,000 per year in the overseas market, they should do it only after due diligence to ensure good returns on their investment. The returns from overseas investments are taxable, so one should consider tax too when planning to invest in foreign equities.
Tax rates on capital gains made from equity shares/companies listed abroad are different from tax rates on domestic (Indian) equities. Apart from the gains made from selling equities, tax is also payable on dividends and rental income from overseas.
Here’s a closer look into the tax bearing on different asset classes overseas, including equity, real estate investment trusts, and the sale of physical properties.
Tax on overseas equities
Direct investment in shares listed in foreign stock exchanges and mutual fund investments in overseas assets fall into this category. Income from both sources is taxable in India and should be reported by residents when filing their annual tax returns.
Tax on long-term capital gains (two years or more) from the sale of foreign equity shares is 20 percent, plus cess and surcharge. The gains made from the short-term sale (less than two years) of foreign equities are taxable at the slab rates of the individual.
As for mutual funds having overseas shares, the threshold for considering an investment long-term is three years, the same as debt funds in India and the returns are taxed at a 20% rate after indexation. Short-term capital gains (less than three years) are taxed at the slab rate. The indexation benefit due to the change in price from foreign to Indian currency is also applicable.
Dividend income earned from foreign equity shares and mutual funds is taxable at the slab rate.
Tax on overseas debt
There are also some overseas fixed-income or debt instruments that Indian residents can invest in and earn interest and capital gains. These include debt mutual fund schemes that invest in overseas markets and stocks.
Tax on foreign debt mutual fund gains is the same as the tax on domestic debt funds. Long-term capital gains (three years or more) from foreign debt funds are subject to a 20 per cent tax, with indexation. Short-term gains are taxable at the slab rate.
Tax on Foreign Real Estate & REITs
If you have invested in real estate in a foreign market either directly (purchase-sale of physical properties) or through REITs, here’s how your gains will be taxed:
Long-term capital gains (two years and more) from the sale of foreign real estate are taxed at a 20% rate after indexation, while short-term gains (less than two years) are taxed at the slab rate. Any rental income from foreign real estate will also be taxed at the slab rate.
If you have invested in foreign REITs, you can make an income through dividends, interest, rental and long and short-term capital gains. Any dividend, rental and interest income made from foreign REITs will be taxed at the slab rate of the individual. Long-term gains (two years or more) from the sale of foreign REITs are taxed at 20%, while any short-term capital gains will be taxed at the slab rate.
When looking to invest in foreign real estate or REIT, one should also know about available tax benefits and rebates. For one, rental income earned from foreign real estate is not eligible for a 30 percent rebate that you can claim on the rental income earned from a property in India. Also, the tax deduction benefits (up to Rs 1.5 lakh on principal and up to Rs 2 lakh on interest) are also not available for loans taken for a property outside India.
Property owners in India can also save tax by using the proceeds from the sale of a residential property to buy another house within a year. This benefit is not available if the proceeds are used to buy property outside India.
Reporting foreign investments in your income tax return
Any overseas investments, including equity, debt, and real estate, must be reported in your annual tax returns, either in ITR-2 or ITR-4. If you are already paying tax abroad on your investments, make sure to fill out the prescribed form 67 to claim a credit for taxes paid overseas.
10, Feb 2023
Treat your pooches to a ‘paw-fect day’
Mumbai, 10th February 2023: Oberoi Mall, one of the trendiest retail shopping destinations in Mumbai organized a fun-filled event for pooches and pooch parents on 5th February 2023. The mall announced the launch of its Pet’s IP called ‘The Pooch Party’, to bring fur babies and pet parents closer enabling them to play and make new pooch friends. We intend to make it a yearly event that will be solely dedicated to the pooches to spend a fun-filled time at Oberoi Mall with various pet-centric activities.
The Pooch Party had various engagement activities and icebreaker games, along with dog grooming and sessions on nutrition that gave the perfect excuse to get out of the house and have fun with the pets. The highlight of the event was the unique ramp walk that allowed pet parents to flaunt their pets. The occasion also lets paw-rents take the opportunity to express affection and love for their pooches and take the Fur-Fect family picture.
Speaking about the Pets IP, Mr. Sameep Pathak, CEO-Mall, said, “We are happy to launch our Pets IP. The bond between humans and pets is not just good for human health but can also help build community. The thoughtfully curated activities and sessions helped in strengthening pooches and their parent’s connection. It is a pleasure for us to see pooches and pawrents enjoying every bit of their time at our mall and we hope to continue to find various means to strengthen this bond further.”
The purpose of the “Pooch Party” is to lock away the chew toys and provide a special venue for furry friends and pet owners to mingle, celebrate this unique companionship, and strengthen family ties. These kinds of activities also foster relationships, affection for animals, adoption awareness, and the development of a pet-parent community. With initiatives like these, Oberoi Mall takes every opportunity to deliver memorable and unique experiences for its customers.
