1, Nov 2023
The Fern Goregaon Introduces ‘Avsar’ for an Extraordinary Diwali Celebration
This Diwali, The Fern Goregaon presents the gateway to an extraordinary celebration with an enticing array of festive season offers and culinary delights that will illuminate festivities. As the festival of lights draws near, The Fern Goregaon curates an exquisite Diwali experience, destined to elevate celebrations.
With the introduction of ‘Avsar,’ an enchanting collection of hampers meticulously crafted to captivate the hearts of food enthusiasts and delight those who savor life’s finer pleasures, the stage is set for a heartwarming gift that truly symbolizes the joy of giving.
Arindam Sarkar, General Manager, The Fern Goregaon, remarks, “At The Fern, we take pride in crafting experiences that perfectly capture the essence of the season. This Diwali, ‘Avsar’ symbolizes the joy of giving and sharing, and our culinary offerings at Fleur are designed to offer a regal feast, bringing friends and families closer to create unforgettable moments. Embrace the warmth, laughter, and flavors of this special time, making every moment truly memorable.”
The Diwali festivities at The Fern Goregaon go beyond hampers. The hotel’s on-site restaurants have prepared special offers that promise a culinary journey around the world.
Guests can elevate their weekends at The Fern Goregaon by indulging in enticing Theme Weekend Brunches hosted at Fleur, the hotel’s in-house multi-cuisine restaurant. Each weekend, Fleur presents a unique culinary theme, meticulously prepared by culinary experts, offering a diverse range of global cuisines. From Indian delicacies to international favorites, Fleur provides a regal feast fit for guests, making it the ideal setting for friends and families to come together and craft lasting memories.
The festive season is an opportunity to create cherished memories, share laughter, and savor exquisite flavors. The Fern Goregaon has designed an experience that captures the true essence of Diwali, ensuring it’s a joyful celebration for both food lovers and families.
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- By Rabindra
1, Nov 2023
Motorola offers massive discounts on its smartphones during the Flipkart Big Diwali Sale
Mumbai, 1st November 2023: Motorola, India’s best 5G smartphone brand has announced the last chance to buy its smartphones at massively discounted prices, ahead of the Flipkart Big Diwali Sale. As of 1st November, Flipkart Plus members now have early access to purchase most of the smartphones across the motorola edge, moto g, and moto e series, at incredibly attractive Big Diwali Sale prices.
The world’s slimmest 5G smartphone with an IP68 rating, the motorola edge 40, is available. It is also the world’s first smartphone to be powered by the blazing fast MediaTek™ Dimensity 8020 Processor, along with the segment’s first 144Hz 3D curved display with edge lights (6.55″ pOLED HDR10+). This device also has a 4400mAh powerful battery with 68W TurboPowerTM and supports the segment’s first wireless charging. It boasts a premium vegan leather finish and a metal frame, ensuring a comfortable grip, and comes in vibrant fantastic colours, including Viva Magenta – Pantone Colour of the Year 2023. The smartphone has an impressive 50MP camera with a f/1.4 aperture- the widest in the segment, advanced OIS- feature Horizon lock for capturing shake-free videos, and 2um ultra pixel technology, that promises exceptional photography.
Further strengthening Motorola’s 5G portfolio, the Moto G54 5G, India’s most powerful~ 5G smartphone enables users to experience marvelous performance in the sub-20K segment for 8+128 GB and 12+256 GB variants respectively. The Moto G54 5G is the segment’s 1st smartphone with in-built 12GB RAM + 256GB storage configuration and the segment’s most powerful MediaTek™ Dimensity 7020 octa-core processor. Additionally, this device has a segment-first 50MP shake-free camera with Optical Image Stabilization. It is equipped with the segment’s highest 6,000mAh battery with the superfast speed of TurboPower™ 33W charger for long-lasting usage. it features a 6.5-inch FHD+ display with 120Hz refresh rate. Motorola has also added the Google Auto Enhance feature, which lets users toggle the Auto Enhance option in the camera’s user interface to instantly enhance color and lighting after a photo is taken.
India’s most affordable smartphone with in-built 8GB RAM & 128GB storage, the Moto e13 is available at a discounted price. This device is backed by a 5000mAh battery to ensure long-lasting power and minimal downtime.
Consumers can now purchase the motorola edge 40 neo, the world’s lightest IP68-rated 5G* and the world’s first smartphone to be powered by the MediaTek™ Dimensity 7030 processor. The device features the segment-first 144Hz 6.55” curved pOLED display with 10-bit billion colours and PANTONE™ curated trend-setting colors like Soothing Sea, Caneel Bay, and Black Beauty. The phone has a light and thin endless-edge design with a vegan leather finish. It also comes with a 50MP Ultra Pixel Night Vision primary camera with OIS and a 13MP secondary camera (Ultrawide+Macro+Depth). The camera system now also comes with Google Auto Enhance.
The moto g84 5G becomes the first smartphone ever featuring the Pantone™ colour of the Year 2023 Viva magenta with vegan leather in the sub 20K segment to be launched in Pantone™ curated colours. Its 120Hz 6.55” pOLED display with 10-bit colour depth and 100% DCI- P3 support delivers over a billion shades of film-quality colours.
1, Nov 2023
Novotel Jaipur Convention Centre Opens Its Doors To Welcome Guests In The Pink City
Bengaluru, 1st November 2023: Accor, a global hospitality leader, is pleased to announce the launch of its 24th Novotel property in India, with the opening of Novotel Jaipur Convention Centre (NJCC), which is set to redefine Indian hospitality and become the preferred destination for both global business and leisure travelers alike.
The hotel’s proximity to the Jaipur Exhibition & Convention Centre (JECC), is renowned as South Asia’s premier purpose-built, state-of-the-art venue for exhibitions, conventions, and entertainment. A significant expansion in Accor’s capacity for hosting MICE (Meetings, Incentives, Conferences, and Exhibitions) events. This strategic alignment enhances Accor’s ability to cater to the needs of business and conference travelers, offering them a comprehensive solution that combines high-quality accommodations with world-class event facilities.
Novotel Jaipur Convention Centre broads 226 modern, well-appointed rooms, catering to the diverse needs of every guest. The rooms offer essential amenities and a tranquil hospitality experience with the best-in-class service for its guests. Conveniently located near Jaipur International Airport, the hotel provides quick access to key tourist sites and commercial hubs. The hotel and exhibition centre spreads over an area of 42 acres with South Asia’s leading pillar-less exhibitions-convention-entertainment facilities. It has 13 breakout meeting rooms, a VIP Lounge, 2 Green Rooms and a Grand Ball Room with modern technology with 740 retractable auditorium-style seats, making it ideal for conferences, exhibitions, gatherings, and weddings. With its enchanting 70,000 sq. ft. lawn, Novotel Jaipur Convention Centre offers an exquisite venue for celebrations and special events, adding a touch of elegance to any occasion
“We are thrilled to announce the grand opening of the Novotel Jaipur Convention Centre in the vibrant city of Jaipur. This latest addition to our portfolio in India strengthens our commitment to delivering cutting-edge amenities and services. The Jaipur Exhibition Convention Centre represents a valuable expansion that is poised to fuel the growth of the Accor in India, further solidifying our position as a leading provider of large-scale exhibition and convention venues in the country.” said Mr. Puneet Dhawan, South Asia’s Vice-President Operations, Accor in India.
“The opening of this beautiful property is a harmonious combination of contemporary design and world-class event facilities, marking a new and exciting journey for Novotel in the Pink City. With a strategic location, we will be truly a one-stop destination for world-class exhibitions, conferences, and events. The property provides heartfelt service, comfortable yet stylish accommodations and shared spaces in a relaxing and friendly atmosphere.” said Manuj Ralhan, General Manager of Novotel Jaipur Convention Centre & Jaipur Exhibition Convention Centre. “We are thrilled to welcome guests to experience the unparalleled hospitality at Novotel Jaipur Convention Centre.”
Novotel Jaipur Convention Centre invites guests to savour a diverse and delightful dining experience, offering three distinct dining venues, each promising a unique and memorable encounter with the cuisine. Food Exchange, the multi-cuisine restaurant, has two exclusive open kitchens, harmoniously blending global and local flavours in a stylish setting that encourages social interactions. For a more intimate atmosphere, Ravanta provides intimate dining by the pool amidst a musical ambience. Meanwhile, the Gourmet Bar provides a casual and friendly space for enjoying trendy drinks, balanced meals, and coffee, perfect for unwinding at the bar.
Jaipur Exhibition & Convention Centre (JECC) has 2 large pillar-less exhibition halls, with an area of 1,06,347 sq. ft. each and a 43-feet high ceiling connected through a common entrance plaza with an extensive Pre-Function area, large open spaces, and a food court, further offering 22 acres of open space to host outdoor entertainment events. The exhibition centre has a parking space, that can accommodate up to 2,000 coaches or 5,000 cars, providing an ideal space for an array of events, including exhibitions, conferences, corporate meetings, entertainment events, seminars, banquets, and social gatherings.
“We are pleased to partner with Accor to manage and operate NJCC and JECC. Their expertise and global reach will act as a catalyst to put Jaipur on the International map and provide impetus to the hospitality sector in the state” said Mr. Harimohan Dangayach, Chairman, of Dangayach Group.
“NJCC and JECC have the leading exhibition and convention space equipped with state-of-the-art infrastructure in South Asia to conduct large events. We hope the partnership with Accor will help us leverage the full potential of this infrastructure” added Mr. Pramod Kumar Agarwal, Chairman, Derewala Group.
Novotel Jaipur Convention Centre is part of ALL – Accor Live Limitless, a daily Lifestyle companion. ALL delivers meaningful experiences and rewards to its members while enabling them to work, live, and play, far beyond their stay, at home and around the world. In addition to rewarding experiences, members of ALL – Accor Live Limitless can earn Rewards Points on every stay or dining experience at participating properties. These points can be redeemed for free nights at participating hotels, transferred to partners worldwide, or converted into unforgettable moments through Limitless Experiences such as concerts, sports matches and special dinner events.
1, Nov 2023
Star Health registers 35 Percent jump in PAT in Q2FY24
Chennai, 1st Nov, 2023: Star Health and Allied Insurance one of India’s leading Health Insurance Company records double-digit growth in both gross written premium and PAT in the second quarter of FY2024 as compared to a year ago. Gross Written Premium grew by 17% to Rs. 3,732 crore versus Rs. 3,193 crore in Q2 of the previous fiscal. The company posted a 35% growth in PAT to Rs. 125 crore in Q2FY24, compared to a profit of Rs. 93 crore in the same period a year ago.
The company’s retail health premium witnessed impressive growth, reaching Rs. 3,430 crore in the second quarter of the financial year. This substantial 17% increase compared to the same period last year reflects the company’s commitment to meeting the insurance needs of its customers, spanning across the country with a heightened focus in tier 3 and tier 4 regions.
In the first half of FY24, Star Health saw 38% growth in fresh digital business, over the same period last year. Also, the company registered a 57% fresh banca growth in H1FY24. To increase ease of access, the company redesigned its website to include multilingual support and drove growth through a robust customer awareness digital campaign. Star Health also revamped its payment process to enhance the customer experience and to provide easier access to quality health insurance. During the quarter, a dynamic UPI QR code-based payment option was launched that saw rapid adoption by customers.
Commenting on the results, Mr. Anand Roy, MD and CEO of Star Health and Allied Insurance said, “We’ve witnessed strong growth in the second quarter of FY23-24 in line with our strategy, resulting in a 17% increase in our Gross Written Premium (GWP). We saw increased demand in retail insurance during the quarter and expect this trend to continue in the coming months. Star Health is dedicated to improving customer experience and we’ve recently introduced a convenient UPI QR code-based payment system to streamline the process of purchasing and renewing health insurance. In addition, we closely examined our partnerships with network hospitals during the quarter, working collaboratively to ensure that our policyholders receive high-quality medical care at reasonable prices. We also initiated new bancassurance partnerships to expand access to top-notch health insurance for individuals nationwide.”
The Operating expense to GWP ratio was at 16.0% in Q2FY24 versus 15.8% in Q2FY23. The solvency ratio continues to remain robust at 2. lx in the second quarter, higher than the minimum regulatory requirement of 1.5x.
Star Health has a diversified distribution network comprising of strong digital channels, leading bancassurance partners, agency channel, corporate agents, brokers, point of sale persons (POS), insurance marketing firms, web aggregators, and direct business.
As of 30 September 2023, Star Health has 14,230 network hospitals and a wide presence of 869 branches and offices spread across 25 states and 5 union territories in India.
| Financial
Indicators {In Rs. Crore) |
Q2 FY2023 | Q2 FY2024 | Growth
% |
| GWP | 3,193 | 3,732 | 17% |
| PBT | 121 | 167 | 39% |
| PAT | 93 | 125 | 35% |
Ratios
| ROAE (%) | 1.9% | 2.2% |
| Combined ratio (%) | 97.9% | 99.2% |
1, Nov 2023
Cedar raises $3m to take on US housing crisis
Austin, Texas – Nov 1st, 2023; The US housing market is short 6.5 million homes after more than a decade of under-building relative to population and demand growth. Cedar is today announcing a $3M seed funding round to take this problem head-on, with software that helps real-estate developers and professionals maximize the housing potential of urban infill properties.
Cedar believes that the complexities of urban development are driving builders to construct homes ever-farther from city centers, thus contributing to the supply-demand mismatch creating a crisis of affordability today. Kyle Vansice, co-founder of Cedar added: “Not only is the US not building enough housing to support our population growth, we’re not building homes in the right places – urban centers where current and future generations want to live and work, and be closer to their friends, family, and cultural amenities.”
The funding round was led by Caffeinated Capital with participation from Tishman Speyer Ventures, Maria Davidson (CEO of celebrated construction startup Kojo), David Rubenstein via Shorewind Capital, and Alumni Ventures, among others. Cedar’s cap table also includes global venture capital firm Antler as an early investor (pre-seed round)
Founded in 2022 by Kyle Vansice, Nate Peters, and Rahul Attraya, Cedar is radically collapsing the time and cost for developers to source and evaluate real-estate projects, a major inefficiency in today’s real estate market. It often takes longer to acquire, design, and permit a housing project than it does to build it – largely due to the slow, consultant-driven, and regulatory-burdened process of solving the 3D puzzle that is a real-estate development project. And while 80% of cities are composed of housing, almost no software exists to help developers know where and what can be built in the city – a critical market gap Cedar is filling.
The Cedar platform uses generative algorithms and a mix of public and proprietary data to quickly generate a broad array of building designs, accurately predicting the development yield on any parcel in a city, and converting complex land-development regulations into real development scenarios that maximize a property’s financial potential. Cedar is on a mission to standardize a fragmented process of value creation that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project.
By challenging the fundamentals on housing design and location, Cedar is creating a pathway to help deliver the residential needs of communities across the US. “By connecting local zoning and land development regulations with a national standard for infill housing and urban density, Cedar is the first technology startup that is offering a fresh vision for housing development and design for the future,” Nate Peters, co-founder of Cedar added.
Cedar believes the immediate opportunity for builders and developers lies in places that were previously built for largely single-family development, but offer the potential to dramatically densify to create more livable and walkable neighborhoods. The future of urban development needs to move beyond the binary of either single-family homes or luxury high-rise to include the “missing middle” scale – a term coined by Dan Parolek and his firm Opticos Design.
Rahul Attraya, co-founder of Cedar added: “The smaller, non-institutional “missing middle” scale projects are critical to creating a more economically and environmentally sustainable density in our cities. They present the key to providing the breadth of affordable options cities need. But getting innovative housing built in urban areas is not easy, and builders, developers, and the design community take big risks to make them happen – Cedar is supporting this effort by providing sophisticated planning and analysis technology that reduces risk and maximizes their potential.
The infill multi-family construction is a $300B+ market annually and is expected to nearly double by 2030. It is not only America’s fastest growing housing development type, but according to a recent University of California Berkeley study, the single most effective tool in reducing the carbon emissions of our society.
Cedar has coverage across Austin now but has ambitious plans to expand to a number of major American cities over the next 12-18 months. Varun Gupta, Partner at Caffeinated Capital, commented: “Characterizing the economic value of any parcel of land through its current and future development opportunities will drive massive value to developers, brokers, states and municipalities, and other stakeholders. With it, Cedar could help usher in a new golden era of municipal development and help solve America’s housing shortage.”
Tyler Norwood, General Partner US at Antler, Cedar’s initial investor remarked: “We backed the Cedar team from day zero. As an early investor, we worked with Kyle, Rahul, and Nate as they experimented and fought to crack open a wedge into this market. The Cedar team is ambitious and tenacious, exactly the qualities required to scale a mammoth proptech opportunity. This 0-1 stage of a company is such a hard but exhilarating time — I feel honored that a team this strong gave Antler the opportunity to be a partner on this journey and it is exciting to see Cedar quickly gaining traction. I look forward to continuing to support the team as they build the future of urban infill development starting in our own backyard, Austin, TX. “
1, Nov 2023
Five-Star Business Finance Limited: AUM at INR 8,264 crores (up 44 Percent Y-o-Y and 9 Percent Q-o-Q)
Chennai, November 1st, 2023: The Board of Directors of Five-Star Business Finance Limited, has declared its unaudited financial results for the quarter and half year ended September 30, 2023.
Key Performance Metrics for H1FY2024
| Particulars (INR Cr) | H1FY2024 | H1FY2023 | Y-o-Y |
| Disbursements | 2,336 | 1,371 | 70% |
| AUM | 8,264 | 5,732 | 44% |
| PAT | 383 | 284 | 35% |
| Gross Stage 3 (%) | 1.35%1 | 1.15%2 | Increase by 20 bps |
| 90+ DPD | 1.07%2 | 1.15%2 | Decrease by 8 bps |
| ROA (%) | 8.45% | 8.68% | Decrease by 23 bps |
Note 1: Gross Stage 3 Assets / NPA computed as per guidelines stipulated by RBI vide their circular on Prudential Norms on Income Recognition and Asset classification dated Nov 12, 2021, and further clarified through circular dated February 15, 2022 (wherein implementation of upgradation norms were deferred to October 1, 2022) i.e loans that have crossed 90 days past due any time on or after October 1, 2022, and not cleared their arrears fully, expressed as a % of AUM;
Note 2. Loans that are overdue for more than 90 days as on the reporting date
Performance Highlights for Q2FY2024/H1FY2024
| Particulars | Q2FY2024 | H1FY2024 |
| NIM | 17.68% | 17.72% |
| Return on Assets | 8.47% | 8.45% |
| Return on Equity | 17.08% | 16.85% |
- Networth of INR 4,736 crores
- Borrowings from a large base of about 47 lenders
- Network of 456 branches as of September 30, 2023
Commenting on the results, Mr Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance Limited, said, Five Star continued to witness strong traction across business and disbursal demand and collections momentum. During the quarter, we disbursed INR 1,204 Crores of loans as against INR 1,132 Crores in the sequential quarter and also registered a disbursement growth of 50% on Y-o-Y basis. We added 70 branches during Q2FY2024, our highest ever branch additions in a quarter, resulting in a strong branch network of 456 branches, to deliver quality service to our customers.
On the collections front, we saw a strong set of numbers, across the metrics of collections efficiency and 30+ DPD. We had a collection efficiency of 100.3% for the quarter and improvement across the various DPD buckets. We saw a decrease in NPA numbers as compared to the previous quarter (1.35% in Q2FY24 vs 1.41% in Q1FY24), our 30+ came down from 9.68% last quarter to 8.59% during the current quarter. We are very confident that the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality, and profitability.
We continued to grow consistently and delivered an AUM growth of 44% Year on Year. PAT for Q2FY2024 has grown at 38% as compared to Q2FY2023 and our ROA and ROE stand as one of the best in the industry.
1, Nov 2023
ASUS strengthens pan India retail strategy with the launch of Exclusive Store in Gurugram
India, 1st Nov 2023: As a step towards strengthening the brand’s retail footprint across the country, ASUS India, a Taiwanese tech giant today announced the launch of an exclusive store in Gurugram.
The new exclusive store is spread across 365 sq. ft. and is set to host an extensive range of electronics and computer hardware, including the ASUS flagship products such as Vivobook, Zenbook, Republic of Gamers (ROG) laptops, Gaming Desktops, All-in-One Desktops, and accessories. This is the brand’s 2nd exclusive store located in Gurgaon taking the total count of 8 AES stores in Haryana.
Talking about the expansion, Jignesh Bhavsar, National Sales Manager – PC & Gaming Business, ASUS India, said, “We are delighted to announce the expansion of our retail footprint in India. Haryana being an important market for us, the inauguration of the new brand store in the promising Tier II city, Gurugram, will play a pivotal step towards empowering consumers across different regions of the country with a unique experience of our latest innovation. With a strategic retail expansion approach, we will continue to create more interaction and new touchpoints for our users.”
Address of the retail store: A-one Computer
R4-0016, Sector- 67, M3M Urbana-Gurugram
1, Nov 2023
ABWCI registers on Social Stock Exchange to further the agenda of Women Led Development
New Delhi, Nov 1st, 2023: In its commitment to demonstrate social and economic impact for women, the Association of Business Women in Commerce & Industry (ABWCI) is now registered on the Social Stock Exchange (SSE).
This aligns with the Government of India’s mandate to empower organizations dedicated to serving underserved communities. The SSE is a platform designed to facilitate access to a broader capital base for social enterprises and voluntary organizations operating within the social sector, further strengthening their capacity to drive positive change.
The Social Stock Exchange segment (SSE) on NSE provides Social Enterprises (Non-profit organizations (NPOs) engaged in eligible activities a unique opportunity to register itself and raise funds on a recognized exchange platform.
Social enterprises, including not-for-profit organizations (NPOs) that fulfil the registration requirements, are eligible to enrol in the SSE and commit to providing ongoing reports regarding their social impact. These NPOs may opt to raise funds through the SSE or not, but they will consistently provide disclosures, including those related to their social impact, to stock exchanges.
Commenting on the achievement, Mr. Parul Soni, Founder and Secretary General of ABWCI said, “We are proud to be part of the Social Stock Exchange, where we can showcase our commitment to sustainable innovation and engage with investors who share our values of creating a robust community of women entrepreneurs; providing them with opportunities to access investment capital, trade networks & entrepreneurial education; and advocating for policies resulting in women-centric entrepreneurial ecosystems worldwide. Our journey towards a more sustainable and equitable world has just taken a significant leap forward.”
The Hon’ble Finance Minister Smt. Nirmala Sitharaman as part of the Budget Speech for FY 2019-20 proposed the idea of an electronic fund-raising platform “Social Stock Exchange”, under the regulatory ambit of SEBI for listing social enterprises and voluntary organizations working for the realization of a social welfare objective so that they can raise capital as equity, debt or as units like a mutual fund.
The Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange that can help social enterprises raise funds from the public through the stock exchange mechanism. The SSE will act as a medium between social enterprises and fund providers that can help them to select those entities that are creating measurable social impact and reporting such an impact.
Sharing her thoughts, Dr. Ambika Sharma, CEO of ABWCI said, “ABWCI is enabling and celebrating women’s business acumen and ambition by connecting members to investors, incubators, accelerators, traditional donors, thought leaders, academia, professional development resources, and relevant opportunities. SSE is a leap towards unlocking the potential of women as entrepreneurs – creating a cadre of job creators and not just job seekers. ABWCI is committed to furthering this through its initiative #WomenInVyapaar. “
1, Nov 2023
NUVOCO Vistas announces its financial results for Q2 FY24
Hyderabad/Mumbai, Nov 1, 2023: Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended September 30, 2023. With 23.82 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the fifth largest cement group in India and amongst the leading cement players in East India.
The consolidated cement sales volume for the Company increased by 1.2% YoY to 4.5 MMT in Q2 FY24. Consolidated revenue from operations during the same period improved by 7% YoY to
Rs. 2,573 crores and consolidated EBITDA also improved by 73% YoY to Rs. 336 crores.
The Company has completed its debottlenecking projects at the Risda and Nimbol plants, enhancing the clinker production capacity by 2,000 TPD. This will provide headroom for growth and cater to increasing demand.
In addition, the Premium products continue to remain a key focus area for the Company. The Company secured a patent for its revolutionary product ‘Fibre Reinforced Cement Composition’ branded in the market as ‘Duraguard Microfiber Cement’. The patent, effective from the date of application – April 4, 2018, cites exclusive rights for the next 20 years. The Company also extended premium cement variants ‘Concreto UNO’ and ‘Duraguard F2F’ from Bihar and West Bengal to Jharkhand.
The Company remains committed to its sustainability agenda – Protect Our Planet. The Company has amongst the lowest carbon emissions at 462 kg CO2 per ton of cementitious materials1. The Company achieved an alternate fuel rate (AFR) of 14.3% in Q2 FY24, amongst the best in the industry, a significant improvement of 5.2% YoY.
Commenting on the performance of the Company, Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd. stated, “Our Value over Volume strategy has positively contributed to the Company’s performance. Our trade share has increased from 72% in Q2 FY23 to 74% in Q2 FY24. In addition, the results also demonstrate our commitment to managing the dynamic cost environment through an optimized power and fuel mix between conventional and clean energy sources.”
Furthermore, he added, “The expansion at the Haryana Cement Plant is expected to be completed in FY24 which will enable us cater to the strong demand in the Northern region. On the RMX business, we have commissioned four new plants in the current fiscal, bringing our total to 55 plants pan-India.”
31, Oct 2023
5 Brands that bring a Fresh Approach to Finance
Finance, a realm traditionally perceived as daunting and complex, is undergoing a remarkable transformation thanks to the advent of innovative brands that are redefining the way we interact with money. These financial trailblazers are setting new standards by prioritizing accessibility, transparency, and user-centricity. In this article, we will explore five remarkable brands that have ushered in a fresh approach to financial markets: Shoonya by Finvasia, Groww, Zerodha, Angel One, and Upstox.
These brands are challenging the status quo, making it easier for individuals to navigate the intricate world of investments, trading, and financial planning. They have democratized finance by breaking down traditional barriers, paving the way for a more inclusive and informed generation of investors. With a keen eye on the needs of their users, they have harnessed cutting-edge technology, eliminated exorbitant fees, and fostered financial literacy, all while emphasizing the importance of security and trust. Whether you are a seasoned trader or a novice ready to explore the world of finance, these brands are leading the charge in making financial empowerment a reality for everyone.
Shoonya by Finvasia
Shoonya is a ‘true-blue zero-brokerage’ online stock trading platform that offers a range of products and services for investors and traders without charging fees, commissions, or hidden charges on regular types of trading transactions. Shoonya aims to provide a seamless and hassle-free trading experience with zero brokerage charges, no hidden fees, and zero account maintenance charges. Shoonya also provides a range of services that allow users to view and analyze their investments under a single login; Shoonya also offers Shoonya API, a suite of APIs that enhance the trading capabilities of clients; and high-frequency trading (HFT) algorithms that allow clients to automate their trading strategies and execute their orders with cutting-edge technology. The platform also provides end-to-end services to foreign portfolio investors (FPIs) as one of the few Non-Bank Clearing Members in India. Shoonya’s custom client portal PRISM is a platform that enables client query resolution from start to finish. Shoonya envisions creating a tech-driven financial ecosystem that solves real-time investor problems and offers a seamless trading experience.
Zerodha
Zerodha is a prominent name in India’s online trading landscape. Having pioneered the concept of discount broking and price transparency in the country, Zerodha charges zero brokerage on equity delivery and direct mutual funds, and a fixed ₹20 brokerage on intraday and F&O trades. In a bid to encourage people to invest, Zerodha offers a variety of products and platforms for different needs, such as Kite (a web and mobile trading platform), Coin (a platform for investing in direct mutual funds), Varsity (an online stock market education portal), TradingQ&A (an online community for trading and investment queries), and more.
Upstox
Upstox is an online stock trading platform that offers discount brokerage plans for equity, futures, options, commodities, and currency trading. Upstox also provides free demat account opening, zero brokerage on equity delivery and direct mutual funds, and flat ₹20 brokerage on intraday and F&O trades. Upstox also has a user-friendly app that allows users to trade from anywhere, access live market data, get stock recommendations, and use advanced charting tools powered by TradingView.
Angel One
Angel One, a discount brokerage firm, has embraced the zero-brokerage model for equity delivery transactions. For intraday and F&O segments, the platform levies a minimal fee of ₹20 per trade. Angel One is a holistic trading platform for various financial instruments, including stocks, mutual funds, IPOs, insurance, loans, and more. Their suite of services encompasses a web-based platform, a desktop application, and a mobile app, all equipped with features like real-time market updates, research reports, portfolio tracking, robo advisory, and ARQ Prime, an AI-driven investment engine.
Groww
Groww is a simplified finance app that enables users to open a free demat account and trade stocks at a low brokerage rate. The platform allows users to invest in direct mutual funds, ETFs, US stocks, IPOs, commodities, futures, options, bonds, etc. As a discount broker, Groww offers zero brokerage on equity delivery and direct mutual funds, and flat ₹20 for intraday and F&O segments. Through its intuitive web and mobile platform, Grow empowers users by bringing investment options to their fingertips. In addition to facilitating trading, Groww also provides informative content for investors, enabling them to make informed decisions.
In a world where traditional financial institutions have often been perceived as opaque and unwelcoming, platforms like Shoonya by Finvasia, Groww, Zerodha, Angel One, and Upstox have emerged as champions of a fresh approach to finance. They prioritize accessibility, transparency, and user-friendliness, making it easier for individuals to invest and trade in financial markets. Whether it is zero or discount brokerage trading, educational resources, or cutting-edge technology, these brands are empowering users to take control of their financial futures. As they continue to innovate and disrupt the finance industry, it is likely that more people will be drawn to their customer-centric solutions, ultimately democratizing finance for all.
Enclosed is the listicle for your reference, requesting you to please have a look and let me know if you can use the same over your esteemed platform.
