6, Nov 2023
Bank of India reports Net Profit increased by by 52% YoY to Rs.1,458 Cr for Q2- FY2024
KEY HIGHLIGHTS (Q2FY24)
- Net Profit increased by 52% YoY to Rs.1,458 Cr.
- Operating Profit increased by 11% YoY to Rs.3,756 Cr.
- Net Interest Income increased by 13% YoY to Rs.5,740 Cr. NIM (Global) improved by 4 bps YoY to 3.08%.
- Yield on Advances (Dom.) improved by 133 bps YoY. Gross NPA ratio down by 267 bps YoY.
- Net NPA ratio down by 38 bps YoY.
- Provision Coverage Ratio (PCR) improved by 62 bps YoY. CRAR stood at 15.63%, with CET-1 ratio at 12.60%.
- Global Business increased by 9.25%.
- Global Deposits increased by 8.68% YoY. Gross Advances increased by 10% YoY.
- RAM Advances grew by 12.32% YoY and it constitutes 55.50% of Advances. Retail Credit grew by 14.65% YoY.
- Agriculture Credit grew by 10.82% YoY. MSME Credit grew by 10.82% YoY.
- CASA deposits increased by 6.08% YoY and CASA ratio at 43.13%.
Profitability:
Q2-FY24:
Net Profit increased by 52% YoY and stood at Rs.1,458 Cr in Q2FY24 against Rs.960 Cr in Q2FY23.
Operating Profit improved by 11% YoY and stood at Rs.3,756 Cr in Q2FY24 against Rs.3,374 Cr in Q2FY23.
Net Interest Income (NII) improved by 13% YoY and stood at Rs.5,740 Cr in Q2FY24 against Rs.5,083 Cr for Q2FY23.
Non-Interest Income improved by 19% YoY and stood at to Rs.1,688 Cr in Q2FY24 against Rs.1,417 Cr in Q2FY23.
H1-FY24:
Net Profit increased by 98% YoY and stood at Rs.3,009 Cr in H1FY24 against Rs.1,521 Cr in H1FY23.
Operating Profit improved by 35% YoY and stood at Rs.7,508 Cr in H1FY24
against Rs.5,557 Cr in H1FY23.
Net Interest Income (NII) increased by 27% YoY and stood at Rs.11,653 Cr
in H1FY24 against Rs.9,156 Cr in H1FY23.
Non-Interest Income increased by 23% YoY and stood at Rs.3,150 Cr in H1FY24 against Rs.2,569 Cr in H1FY23.
Ratios (Q2-FY24):
NIM (Global) improved by 4 bps YoY to 3.08% in Q2FY24 against 3.04% in Q2FY23. It improved by 5 bps on a sequential basis from 3.03% in Q1FY24.
NIM (Domestic) stood at 3.47% in Q2FY24. It improved by 10 bps on a sequential basis from 3.37% in Q1FY24.
Return on Assets (RoA) improved by 20 bps YoY to 0.67% in Q2FY24 against 0.47% in Q2FY23
Return on Equity (RoE) improved by 230 bps to 12.64% in Q2FY24, against 10.34% in Q2FY23.
Cost to Income ratio (Global) stood at 49.44% in Q2FY24.
Slippage ratio stood at 0.34% in Q2FY24.
Credit Cost improved to 0.54% in Q2FY24 against 0.60% in Q2FY23.
Yield on Advances (Global) improved to 8.54% in Q2FY24 against 7.21% in Q2FY23.
Cost of Deposits (Global) stood at 4.49% in Q2FY24 against 3.54% in Q2FY23.
Ratios (H1-FY24):
NIM (Global) improved by 25 bps YoY to 3.05% in H1FY24 against 2.80% in H1FY23.
NIM (Domestic) improved by 23 bps YoY to 3.42% in H1FY24 against 3.19% in H1FY23.
Return on Assets (RoA) improved by 30 bps YoY to 0.68% in H1FY24 against 0.38% in H1FY23.
Return on Equity (RoE) improved by 545 bps to 13.72% in H1FY24, against 8.27% in H1FY23.
Cost to Income ratio (Global) improved by 332 bps to 49.29% in H1FY24 against 52.61% in H1FY23.
Credit Cost improved by 29 bps to 0.58% in H1FY24 against 0.87% in H1FY23.
Yield on Advances (Global) improved by 142 bps to 8.32% in H1FY24 against 6.90% in H1FY23.
Cost of Deposits (Global) stood at 4.35% in H1FY24 against 3.51% in H1FY23.
Business:
Global Business increased by 9.25% YoY from Rs.11,41,356 Cr in Sep’22 to Rs.12,46,879 Cr in Sep’23.
Global Deposits increased by 8.68% YoY from Rs. 6,47,541 Cr in Sep’22 to Rs.
7,03,751 Cr in Sep’23.
Global Advances increased by 10% YoY from Rs. 4,93,814 Cr in Sep’22 to Rs.
5,43,128 Cr in Sep’23.
Domestic Deposits increased by 8.61% YoY from Rs. 5,51,401 Cr in Sep’22 to Rs.5,98,850 Cr in Sep’23.
Domestic CASA went up by 6.08% YoY from Rs.2,42,230 Cr in Sep’22 to Rs.2,56,956 Cr in Sep’23 and the CASA ratio stood at 43.13%.
Domestic Advances increased by 9.80% YoY from Rs. 4,12,233 Cr in Sep’22 to Rs. 4,52,641 Cr in Sep’23.
RAM Advances increased by 12.32% YoY to Rs.2,51,197 Cr, constituting to
55.50% of Advances.
Retail Credit grew by 14.65% YoY to Rs.1,00,260 Cr in Sep’23.
Agriculture Credit grew by 10.82% YoY to Rs.77,206 Cr in Sep’23.
MSME Credit grew by 10.82% YoY to Rs.73,731 Cr in Sep’23.
Asset Quality:
Gross NPA declined by 8.28% QoQ from Rs.34,582 Cr in Jun’23 to Rs.31,719 Cr in Sep’23.
Net NPA declined by 1.73% QoQ from Rs.8,119 Cr in Jun’23 to Rs.7,978 Cr in Sep’23.
GNPA ratio improved by 83 bps from 6.67% in Jun’23 to 5.84% in Sep’23.
Net NPA ratio improved by 11 bps from 1.65% in Jun’23 to 1.54% in Sep’23
Provision Coverage Ratio (PCR) stood at 89.58% in Sep’23 against 89.52% in Jun’23.
Capital Adequacy:
As of 30.09.2023, the Bank’s total Capital Adequacy Ratio (CRAR) was at 15.63% against 15.60% in Jun’23.
CET-1 ratio stood at 12.60% as of 30.09.23.
Priority Sector:
Priority Sector Advances increased by 9.25% YOY and achieved 42.95% of ANBC as of Sep’23. Agricultural advances achieved 19.31% of ANBC.
Advances to Small and marginal Farmers achieved 12.48% of ANBC in Sep’23 against the regulatory norm of 10%.
Advances to Weaker Sections achieved 15.53% of ANBC in Sep’23 against the regulatory norm of 12%.
Financial Inclusion:
PMJDY accounts increased to 289 lakhs as on Sep’23 from 276 lakhs in Sep’22.
(No. in Lacs)
| JANSURAKSHA ENROLLMENT | 30.09.22 | 30.09.23 |
| PMJJBY | 65.05 | 104.14 |
| PMSBY | 158.47 | 248.97 |
| APY | 23.96 | 30.11 |
Digital Banking:
Internet Banking users: Increased to 8.66 million in Sep’23 from 8.28 million in Sep’22.
Mobile Banking users: Increased to 9.12 million in Sep’23 from 7.14 million in Sep’22.
The number of UPI users increased to 17.16 million in Sep’23 from 14.14 million in Sep’22.
Digital Products:
Bank has created end-to-end Digital products, viz. SB accounts on the deposit side and Mudra/KCC/Personal loan/pensioner loan on the loan segment.
Customers can open SB accounts and avail of loans without visiting the branch.
There are more than 15 products that will be rolled out in Q3 & Q4 of this year.
We are targeting at least Rs.10,000 Cr of business through Digital products by
the end of this financial year.
Branch Network:
As of 30th Sep’23, the Bank has 5135 Domestic branches.
Rural: 1855 (36%), Semi-Urban: 1456 (29%), Urban: 830 (16%), Metro: 992
(19%).
Awards & Accolades:
‘Shine and Succeed 2023’ award from PFRDA for performance in Atal Pension Yojana.
‘Rise above the Rest 2023’ award from PFRDA for performance from 1st July 2023 to 16th August 2023 in Atal Pension Yojana.
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- By Rabindra
6, Nov 2023
Gold prices quote from Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL)
Quote from Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL) on gold prices during the Federal Reserve
Gold prices are trading steady around Rs 61000, supported by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in gold were limited by increased risk appetite. As was generally anticipated, the central bank kept interest rates unchanged on Wednesday.
Markets, however, were pricing in a lower likelihood of any additional rate hikes following remarks made by Fed Chair Jerome Powell, who also noted that financial conditions have significantly tightened in recent months. Gold prices, if it sustains above 61100, can rise to 61400. If it sustains below 60700, can retrace up to levels of Rs 60200, due to the profit-booking of a steep rally.
6, Nov 2023
Erekrut Achieves Remarkable Growth, crossed 1m Plus New Users to its Platform in Oct 23 registering a growth of 100 Percent Plus
Mumbai, 6th November 2023: Erekrut, an online recruitment solution provider, is proud to announce a significant milestone in its journey as it registered traffic for 1m+ new users on its platform on Oct 23. As of October 2023, Erekrut boasts a user base of 4,651,959 jobseekers, 1759 recruiters, and 708 campuses, with a remarkable influx of 1m+ new users.
Erekrut’s mission is to simplify and enhance the recruitment process for job seekers, recruiters, and campuses. Since its beta launch in 2020, the platform has grown exponentially, with 4.6 million candidates, 1,700+ recruiters, and 700+ campuses already on board. Furthermore, the revamped site, which introduced campus functionality in March 2023, started generating revenues in August 2023, with a projected EBITDA of INR 61.06 crore by 2028.
Users from prominent Indian cities such as Delhi, Lucknow, Hyderabad, Bengaluru, Pune, Ahmedabad, Mumbai, Jaipur, and Patna have embraced Erekrut’s innovative platform. Recruiters, including Amazon, Paytm, Zomato, HCL, Accenture, East India Transport Agency, CCI Logistics Limited, Gold Plus Glass Industry Limited, Sai Group of Hotels, Mail Removal and Storage India Private Limited, Byjus, Tech Mahindra, PVR Cinemas, IDFC First Bank Limited, SBI securities, Ienergizer, Teamlease & Reliance Nippon Life insurance have recognized the value of Erekrut in their talent acquisition strategies. Additionally, Erekrut has partnered with esteemed campuses, such as the Indian School of Hospitality, Guru Nanak Dev Engineering College Bidar, Graphic Era (Deemed to be University), Aligarh Muslim University, and more.
In a significant move towards expanding its network, Erekrut has also associated with Amity Innovation Incubator to help Amity incubated startups find the best talents. More such partnerships are in the pipeline, promising to bring numerous startups on board as recruiters.
Erekrut’s future plans encompass ambitious growth strategies designed to further empower job seekers, recruiters, and campuses. These initiatives include increasing platform traffic by leveraging targeted digital marketing campaigns, SEO, and social media engagement to reach the goal of 100,000 daily visitors by the close of Q4 2023. Additionally, Erekrut intends to expand its recruiter base through partnerships with esteemed corporates and recruitment agencies, employing in-house sales teams, email/SMS campaigns, and social media advertising, with the objective of onboarding over 5,000 recruiters by the end of Q4 2023.
The platform also aims to grow its campus network by partnering with more campuses, utilizing strategies like career fair participation and word-of-mouth marketing to onboard over 2,000 campuses by the end of Q4 2023. The platform offers recruiters free access to 100K+ job-related questions for 1,300+ job roles and 2,000+ job description templates while posting jobs on Erekrut. Finally, Erekrut is committed to enhancing user acquisition by optimizing the user experience, leveraging social media channels, and running targeted ad campaigns, with the ultimate goal of attracting 10 million job seekers by the end of Q4 2023. These comprehensive strategies will drive Erekrut’s continued success in the recruitment industry.
Ajay Goyal, Co-Fouder & CEO of Erekrut, remarked, “Attracting 1m+ new users is a testament to our commitment to transforming the recruitment landscape. We’ve come a long way since our beta launch in 2020, and our journey has only just begun. With a laser focus on innovation, partnerships, and user experience, we aim to be the go-to platform for job seekers, recruiters, and campuses alike. Our future plans, including the expansion of our recruiter base and campus network, are poised to create a thriving ecosystem that benefits all stakeholders. We are excited about the path ahead as we strive to make recruitment smarter, simpler, and more efficient for everyone.”
Erekrut’s remarkable growth and commitment to serving the needs of job seekers, recruiters, and campuses have positioned it as a game-changer in the recruitment industry. With strategic plans in motion, Erekrut remains poised to lead the way in making recruitment smarter, more accessible, and highly efficient by connecting talent with opportunity and fostering a brighter, more prosperous future for all.
6, Nov 2023
Reckitt launches Gaviscon Double Action in Telangana to help ease acidity and heartburn
Hyderabad, November 05, 2023: Reckitt, a global leader in consumer health, hygiene, and nutrition, under its brand Gaviscon, today launched Gaviscon Double Action in Telangana, offering consumers a solution to symptomatic reflux. In a world where fast-paced lifestyles, changing food habits, and mounting stress levels have become the norm symptoms of reflux becoming bothersome. The burden of this condition is felt not only globally but in India as well. Gaviscon Double Action is formulated and crafted specially to cater to the needs of Indian consumers as the nation observes a high prevalence of symptomatic reflux.
In India, the prevalence of GERD (gastroesophageal reflux disease) ranges from 7.6% to 30%, with most cases below 10%. Reflux is the backward movement of acid or stomach contents back into the food pipe, and it causes symptoms such as burning in the chest, stomach discomfort sour taste bad breath, etc. While antacids can manage acidity, they are unable to target the cause of reflux.
Shedding light on the rising problem of reflux, Professor Dr. Peter Kahrilas (Gilbert H. Marquardt, Professor of Medicine), Northwestern University, Feinberg School of Medicine said, “It’s crucial for individuals to recognize the symptoms such as burning sensation in stomach/chest, discomfort, and a sour taste or regurgitation as signs of reflux. Managing reflux effectively is a two-fold approach – alleviating the acid contributing to the symptoms and establishing a physical barrier to suppress the reflux of stomach contents. Understanding the full spectrum of symptomatic reflux and employing relevant management strategies can significantly enhance patient care.”
Commenting on the issue, Professor Dr. APS Hungin, Emeritus Professor at the Faculty of Medical Sciences, Newcastle University said, “One of the most discomforting aspects about reflux is that it can cause heartburn when the reflux travels back upwards through the esophagus. This burning sensation and pain can last up to several hours if not treated with an immediate reliever. The stomach pain and discomfort associated with it can also be quite debilitating for a brief time, and cause disruption to a person’s daily routine and productivity. The need for solutions that can manage the dual problem is effectively met by Sodium alginate-based products. They help in creating a physical barrier that reduces the stomach contents from rising back up, and simultaneously neutralizes acid via the antacid.”
Coming from the house of Reckitt, the new Gaviscon Double Action solution is set to be a highly effective solution for reflux sufferers. It has a raft action to stop reflux and also offers an antacid action. This product is safe even for pregnant women to manage their reflux symptoms as the product is not absorbed into the body. Gaviscon is one of the leading alginate antacid brands internationally, and among the foremost such products in the country that has been trusted by medical practitioners for over a decade now.
Commenting on the launch, Edward Thomas, Global Medical Marketing Manager, GI and Manav Sohal, Brand Manager, Reckitt India (Strepsils and Gaviscon) said, “We have built a good reputation in the market based on high-quality Gaviscon products that have been prescribed by doctors globally for over 40 years now. Gaviscon Double Action is our latest addition in the range of solutions that we have introduced to India. The launch symposia held today is going to be invaluable in terms of knowledge dissemination related to the problem of reflux and on improving patient care in India.”
The management of reflux depends on symptom frequency and severity, guided by the physician’s recommendation. Lifestyle changes like frequent small meals, avoiding overtly spicy/fatty foods, staying upright after meals, reducing stress, and refraining from smoking/alcohol are advised. Cutting down on carbonated drinks, tea, coffee, and chocolate is recommended, as is avoiding tight clothes. Overweight individuals are encouraged to shed weight and exercise regularly. For persistent symptoms, short-term antacid use alongside reinforced lifestyle changes is recommended.
6, Nov 2023
A Startup Expert Joins FasterCapital Global Mentors Network
Dubai, United Arab Emirates, November 06, 2023, FasterCapital welcomes a new mentor from India. Mr. Abhinav Kaushal is an experienced mentor and an expert in validating startup business models, GTM strategy & benchmarking the “ASK” (required funds).
Founders can reach out to Mr. Abhinav via his LinkedIn profile to discuss how he can help them start and launch their businesses.
FasterCapital is an online incubator, accelerator, and service provider. We help startups and small businesses worldwide and invest in them in a work-per-equity model. FasterCapital provides technical development per equity and business development per equity and helps startups and SMEs that are raising capital from angel investors, VCs, micro VCs, and other funding sources.
5, Nov 2023
A green economy can lead to sustainable growth: Experts at FTCCI’s CEO Forum on Green Economy
Hyderabad, November 05, 2023….. The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised its CEO Forum, where an interactive session on ‘Green Economy’ was held this weekend late evening at Park Hyatt, Banjara Hills.
The CEOs Forum was the first in the four series this year and was organised with the support of Radha TMT and ICICI Bank.
The Panelists were Srinivas Cherla Director of Sustainability, Research and Innovation Circle of Hyderabad (RICH), Govt of Telangana; Dr Rambabu Paravastu Chief Sustainability Officer, Greenko Group and Masood Mallick Executive Director and Chief Executive Officer Re Sustainability Limited.
They were in conversation with Anil Agarwal, Convenor of the CEO Forum. The future generation should have a better environment. All our deeds must bear that in mind, said he while initiating the panel discussion.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment, said Meela Jayadev giving his opening remarks.
Your presence here today shows your commitment to promoting sustainability and a better future for all.
Participating in the panel Srinivas Cherla Director of Sustainability, Research and Innovation Circle of Hyderabad (RICH), Govt of Telangana spoke about Industrial use cases of Hydrogen, Telangana Government’s efforts to establish a Green Hydrogen Valley in the Telangana region and widespread adoption of green hydrogen by industries. We engaged with a diverse group of stakeholders who have expressed interest in transitioning to green hydrogen. Some of them include Steel, Fertilisers, Glass, Data Centres, Pharmaceuticals, Cement and others. We have also learned that business priorities, mandatory de-carbonisation compliances, and transition impacts vary significantly among industry players and sectors. He urged industries interested in exploring the potential of green hydrogen in your sector to connect so that we accelerate our transition to a more sustainable future.
RICH is helping build Centres of Excellence in green hydrogen among others. A green hydrogen policy was also proposed and a draft was made and circulated for consultation. The policy was drafted and notified in line with its strong policy focus on renewable energy, a path of net zero energy transition by 2070, he added. He shared a few provisions of the said draft policy. The Policy ambition is to produce half a million metric tonnes of Green Hydrogen Production Capacity by the year 2030.
Dr Rambabu Paravastu, Chief Sustainability Officer of Greenko Group, explained Climate Maths and spoke about achieving a 1.5-degree climate pathway. To limit global warming to 1.5 degrees centigrade, annual emissions need to be halved by 2030. If the limit crosses 1.5 degrees, global warming becomes irreversible. This means NTPC, Reliance, the companies like them can’t be in business the way they are running it now. Similarly, Cement, Steel, chemical industry cannot manufacture as it manufactures today. Today we are emitting more than 35 billion tons of carbon dioxide (CO2) into the atmosphere by burning fossil fuels. The whole industry needs to transform in the next three decades. The 1.5-degree centigrade climate change pathway is going to be disruptive, he observed. If we achieve net zero, India can be energy independent and we need not import oil. It is a unique opportunity for Indi. The pathway towards net zero is an opportunity, he said.
A Green Economy seems to be an excellent opportunity to remodel our infrastructure, he added. He spoke about survival in the net zero.
India’s annual emissions are five times less than the global average, he said.
Masood Mallick Executive Director and Chief Executive Officer Re Sustainability Limited said 93% of copper, 100% lithium, and cobalt are imported by India. But we throw the items made using them in landfills. In other words, we are throwing our precious foreign currency in landfills. If the same is recycled and reused, we could have precious natural resources. It can be a good business opportunity. Everything can be recycled, he announced. The next big question is how to select the right technology. Integration and inclusion are the few pillars you will find in choosing the right technology, he said.
Speaking further he said the economic value of a tree is fixed by the Supreme Court as Rs 76,000/- Similarly we must allow natural resources to find their value then only the mindset of conservation comes, he said. In his concluding remarks, he observed that the time for a Green Economy arrived. And the best way to approach this is to use a science-based lens to address it.
Sunil Saraf, MD of Raha TMT, Ajay Saraf, Executive Director of ICICI Bank, Suresh Singh, Senior Vice President, Ravi Kumar, Vice President, CEO Khyati Naravane, several past presidents, retired bureaucrats, diplomats and industry leaders graced the CEOs Forum.
5, Nov 2023
Olectra Greentech announces Q2 Results, net profit jumps 150 percent
New Delhi, 05th Nov, 2023 :
India’s leading electric vehicles manufacturer Olectra Greentech Limited (OGL), has announced its Q2 and half-year consolidated financial results ending September 30, 2023. The Board of Directors, in its meeting held on Saturday, officially approved these remarkable achievements.
During the quarter under report, Olectra delivered 154 electric vehicles, against the 111 delivered in 2022-23, an increase of 39 percent. The revenue for Q2 FY 23-24 stood at Rs 307.16 crore, up by 73%.
This significant revenue growth was recorded due to the increase in deliveries. The company has delivered over 1437 electric vehicles till date. The strong demand continues with the total number of bus orders on hand standing at 8,208 units.
The company’s EBITDA in Q2 FY23-24 reached an impressive Rs 45.06 crore, marking a substantial 72% increase compared to the previous year.
The PBT has surged to Rs 26.57 crore, a remarkable 141% increase from the previous fiscal year’s Rs 11.03 crore. The PAT stands at Rs. 18.58 crore, compared to Rs 7.42 crore in the previous fiscal year up by 150%.
The company reported Earnings Per Share (EPS) of Rs 4.40 for the half year ended September 30, 2023, compared to Rs 2.95 for the previous half year ending September 30, 2022.
Performance Highlights of H1-half year:
The revenue for H1 FY23-24 was Rs 523.18 crore, up by14%. The company’s EBITDA in H1 reached an impressive Rs 86.57 crore, marking a substantial 33% increase compared to the previous year.
The PBT surged to Rs 51.83 crore, a remarkable 53% increase from the previous fiscal year’s Rs 33.92 crore. The PAT stands at Rs 36.65 crore, up by 52%, compared to the previous fiscal year’s Rs 24.10 crore.
Commenting on the results, Olectra Greentech Limited CMD Mr K. V. Pradeep said: “We are pleased to report strong growth in our consolidated revenue and profitability for the Q2 and H1 FY23-24. Our focus continues on increasing our manufacturing capacity and enhancing our technology capabilities. We also have a strong order book.”
The construction works of the Seetarampur factory that is coming up over 150 acres is racing ahead. With this factory our production capacity will further increase, he added.
4, Nov 2023
Light Up Your Diwali with the Top 5 Tech Gems of the Year
The festival of lights, Diwali, is a time for excitement, celebration, and the exchanging of meaningful gifts. Why not brighten the lives of your loved ones this year with cutting-edge technological wonders that perfectly integrate innovation with the spirit of the festival? Our carefully curated collection contains an array of fantastic devices that cater to every taste and personality, from music aficionados to tech-savvy geniuses. Let us look into these wonderful tech goodies that promise to make this Diwali a truly unique experience.
SONY WF-1000XM5: Immerse Yourself in Diwali Melodies
Sony’s WF-1000XM5 features cutting-edge technology to deliver premium sound quality and the best noise-canceling performance on the market. Priced at 29,990 INR, these wireless earbuds offer industry-leading noise-canceling technology, allowing you to immerse yourself in the joyous sounds of the festival while keeping distractions at bay. The WF-1000XM5 is also equipped with high-quality sound and a long battery life, ensuring you can groove to your favorite Diwali tunes with impeccable clarity.
Apple Watch Series 9: Elevate Your Diwali Celebration
The Apple Watch Series 9 is the perfect companion for a tech-savvy Diwali celebration. This remarkable timepiece offers a multitude of workouts at your fingertips, ensuring you’re always motivated to keep moving. Packed with advanced health sensors, including temperature sensing for women’s health insights, it’s an invaluable companion for those who prioritize well-being. The innovative safety features, coupled with an attractive and durable design, redefine what a smartwatch can be. With the ability to receive calls and messages, you can stay connected with loved ones during the festivities
Samsung Galaxy S23 FE: Your Gateway to Diwali Entertainment
The Samsung Galaxy S23 FE is all about entertainment and performance. With its powerful processor, brilliant display, and versatile camera system, this smartphone can handle all your Diwali multimedia needs. Whether you’re streaming festive movies, capturing stunning photos, or gaming to your heart’s content, the Galaxy S23 FE ensures an extraordinary experience.
Nokia G42: Illuminate Your Diwali with Stunning Photography
The Nokia G42 is a fantastic addition to your Diwali tech gift guide. This smartphone is available in three exquisite colours – So Pink, So Grey, and So Purple and is equipped with a remarkable 50 MP triple camera. Moreover, you can conveniently purchase the Nokia G42 from Amazon, the Nokia website, and various retail stores, ensuring accessibility for everyone. This means you can find the perfect Diwali gift with ease. In addition to its outstanding camera capabilities, the Nokia G42 boasts a long-lasting battery, ensuring you never miss a moment of the festivities. Its attractive design adds a touch of elegance to your Diwali celebrations, making it the perfect companion for capturing and sharing memories with your loved ones.
TECNO Pova 5 Pro: A Festival of Music On-The-Go
Not only is the TECNO Pova 5 Pro a smartphone, but it’s also a portable music studio that enhances the sound of your favorite songs. Every note reverberates with unmatched depth and clarity thanks to the strong speakers and improved audio features. Your favorite festival songs can be synced with the phone’s RGB light on the back, transforming your music into an immersive visual experience. It is ideal for those who enjoy dancing to their own beat and find comfort in sentimental music.
Make your loved ones feel special this Diwali by giving them innovative and exciting electronic gadgets from trusted brands such as SONY, Apple, Samsung, Nokia, and TECNO. Whether it’s enjoying music, capturing memories, staying connected, or indulging in gaming, there’s a perfect tech gift on this list to suit every interest and preference. Celebrate the Festival of Lights with these thoughtfully chosen presents that your loved ones will cherish.
4, Nov 2023
Voltas unveils its Grand Mahotsav Diwali Offer for 2023
Bangalore, 04, November 2023: This Diwali, Voltas Limited, the undisputed market leader for Room Air Conditioners in India, is all set to light up the country’s festivities with the announcement of the Grand Mahotsav Diwali Offer, bringing a sparkling array of irresistible deals on select Voltas and Voltas Beko products. As a trusted brand known for innovation, quality, and customer satisfaction, Voltas is thrilled to announce these exclusive Diwali offers to help seamless home upgradation and festive gifting. These exclusive offers will be valid from 1st November 2023 to 30th November 2023 across all authorized dealers in India.
As the festive season continues, customers look forward to creating a warm and welcoming environment at home. With the Grand Mahotsav Diwali Offer from Voltas, customers can now avail themselves of up to 15% instant cashback on a wide range of Air Conditioners, Refrigerators, Washing Machines, and Water Heaters. Voltas is offering an attractive zero-down payment option, making it easier than ever for customers to upgrade their homes with top-of-the-line appliances. With a fixed EMI of just Rs. 1,888 per month, customers can enjoy the convenience and luxury of Voltas products without compromising on their festive budget. For customers looking for more flexible payment options, Voltas has also introduced long-term EMIs for up to 18 months. This would enable customers to spread out their payments and enjoy the benefits of Volta’s appliances.
To further enhance the customer experience, Voltas is offering an extended warranty of up to 5 years in exchange on select products. This contributes to greater peace of mind and assurance, as customers can rely on the durability and reliability of Volta’s appliances for years to come. Additionally, the Grand Mahotsav Diwali Offer includes a lifetime warranty on the inverter compressor, ensuring that customers receive the highest level of quality and performance.
Commenting on the occasion, Mr. Pradeep Bakshi, MD & CEO, of Voltas Limited said, “As one of the leading brands in the cooling products and home appliances industry, we aim to significantly enhance the quality of life for our customers by offering innovative products that bring comfort and convenience to their everyday tasks. This festive season, we aspire to ease out the demands of household chores amidst the hustle of celebration by introducing our latest range of products tailored to meet our customers’ festive needs, along with most enticing offers.
As Indian festivals symbolize fresh beginnings and prosperity, we are dedicated to igniting the spirit of celebration with our customer-focused offers, accessible through our esteemed channel partners.”
The Grand Mahotsav Diwali Offer is available at all authorized Voltas channel partners nationwide. Customers are encouraged to visit their nearest store to take advantage of these exciting offers before they end.
4, Nov 2023
ITDC to embark on an era fuelled by growth and innovation
Mumbai, 4th, Nov 2023: Bestowing the position of Managing Director at the India Tourism Development Corporation (ITDC) has truly humbled me. I have assumed my new responsibility with utmost enthusiasm and zeal, embracing all it takes to lead ITDC into a new era marked by growth, innovation, and transformation.
My prime focus at ITDC would be to look beyond our core function of hotels and strengthen our various non-hotel domains, including Ticketing, Tours, Event Management, Duty-Free Shopping, and Engineering Consultancy. This transition is aligned with ITDC’s vision and predisposition to be a market pioneer and one-stop solution provider, in tune with the emerging trends in the sector.
The thrust verticals of ITDC, Skill Development, and Engineering consultancy for tourism projects of the Central and State Governments need further impetus to realize their full potential. Known for its quality and excellence in hospitality training and skill development programs, ITDC through the Ashok Institute of Hospitality and Tourism Management is spreading its wings in capacity building and nurturing talents through its offerings of degrees and diplomas in the field of hospitality, travel, tourism, etc. With a rich repository of robust expertise and experience, the Engineering division of ITDC is set to create exemplary footprints in the tourism infrastructure projects including SEL (Son Et Lumiere – sound & light) shows at places of historical and national importance.
Another feather in the cap for ITDC is Ashok Events Division, which is the first choice for organizing and managing events for the highest echelons of Government, Public sector, Semi-public, and corporate organizations for its deft handling of events, suitably tailored to the client’s requirements and immaculate execution exceeding the expectations consistently. ITDC is privileged to operate two iconic properties in the heart of Delhi – The Ashok and Samrat Hotel, renowned for its unparalleled scale and facilities for hosting mega conferences, grand weddings, and other important events. Ashok Travel and Tours Division is set to gain more traction with strategic inroads in their respective niche markets with its travel portal in the offing.
ITDC with its wide array of distinguished services offered, is poised to redefine itself as a dynamic and forward-thinking organization, committed to showcasing the best of India to the world with a sense of pride. The ethos of innovation, adaptability, and sustainability, with a pool of well-trained and motivated workforce, with sharp customer focus with local and global perspectives, and valuable partnerships with external stakeholders are going to keep ITDC stay ahead of the curve. Blessed with this opportunity to make a meaningful difference, I am confident that ITDC with its entire team, hand in hand with other stakeholders will make it possible to thrive, nationally and internationally in a rapidly changing world.
