Category Archives: Business

Reaction on MPC Announcement

Satish Chandra Aluri, Lemonn Markets Desk

“MPC unanimously voted to reduce the policy rate by 25bps to 6.25% from 6.50% – As widely expected. They unanimously decided to continue with “neutral” stance with an unambiguous focus on inflation.

They also noted that while growth is recovering, it remains below last year’s level, and inflation trends allow for rate easing, RBI Governor Sanjay Malhotra said in his first policy meeting post his appointment in December.

In our view, the outcome was largely along the expected lines with the new governor delivering the first rate cut as widely expected. RBI’s forecasts indicate continued moderation in inflation while growth pick-up is expected to be more gradual indicating the emphasis on supporting growth from a policy perspective while maintaining the “neutral” stance gives them the flexibility to address potential inflation concerns with an eye toward global developments like trade war.”

Disclaimer: Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors

ICC DG Dr. Rajeev Singh on RBI’s Repo Rate Cut

Dr. Rajeev Singh Director General, Indian Chamber of Commerce

In regards to the statement issued by RBI on reducing the repo rate, Dr. Rajeev Singh, Director General, of the Indian Chamber of Commerce (ICC) said, “The Reserve Bank of India (RBI) has reduced its key repo rate for the first time in nearly five years by 25 bps from 6.5% to 6.25%. When this rate cut is coupled with the Income Tax Cuts in the Union Budget we feel that the Indian Economy would get both Fiscal and Monetary Boost to move on to a higher growth path. This is an ideal measure with inflation nearing the desired level of 4%.”

94-Year-Old Overcomes Brain Bleed, Leaves Hospital for Granddaughter’s Wedding

Mumbai: A team led by Dr Viswanathan Iyer, Brain and Spine Surgeon, Zynova Shalby Hospitals, Ghatkopar, Mumbai successfully treated a nonagenarian with a bleed on both sides of the brain. The woman’s courageous journey through surgery to attend her granddaughter’s wedding showcases the power of family determination and expert medical care. Despite advanced age, a successful brain surgery enables her to walk out of the hospital, healthier and more vibrant than ever.

Vimlaben Shah (94), a resident of Ghatkopar, was rushed to Zynova Shalby Hospital with a severe headache and difficulty walking. However, the patient got a second lease of life due to timely intervention. This patient’s drive to be present for her granddaughter’s wedding was so powerful that it became her motivation as well. She not only recovered from surgery but defied every expectation. She walked out of the hospital with her head held high and with her entire family by her side.”

Dr. Viswanathan Iyer, Brain and Spine Surgeon, Zynova Shalby Hospitals, Ghatkopar, Mumbai said, “The patient was weak on the left side and with severe imbalance. Her MRI scan of the brain was done and there was a clot in the brain. The reason for bleed is aging and trivial trauma. She was scheduled for Bilateral Subdural Hematoma Evacuation. We drilled two holes on each side of the skull under anesthesia and evacuated the bleed and the surgery lasted around 90-120 minutes. Without surgery, the patient has no chance to improve, her health may have deteriorated and she could also have lost consciousness.”

With family support and a resolute spirit, the patient underwent surgery and made a remarkable recovery in just two days. Her determination to be fit enough to attend her granddaughter’s wedding drove the family to make an extraordinary choice, resulting in an inspiring recovery and a joyful family reunion.

“I was determined to attend my granddaughter’s wedding, no matter what. I knew I had to be there to bless her on her special day. Despite my age and the challenges I faced, I was motivated to recover. I was in no way going to miss my granddaughter’s D-DAY. After all, it was one of the best moments of her life, her dreamy wedding which we had been planning for a long time to make memorable. Thanks to Dr. Iyer’s timely treatment and expert care and with my family’s support, I was able to overcome the stroke and walk out of the hospital just in time. I ordered three sarees from Rajkot and was proud and elated to be able to wear them during the wedding and welcome all the guests as well as supervise all the arrangements by myself. I am forever grateful to him for giving me the chance to witness this joyous moment in my family’s life. I was also emotional after seeing the smile on my granddaughter’s face as she hugged me with immense contentment,” concluded the patient Vimalben Shah.

OPG Mobility Launches the ‘Silent Miles Referral Program

New Delhi, 08th February 2025: OPG Mobility (formerly known as Okaya EV), a trusted name in the electric mobility sector, has launched a one-of-its-kind scheme – the Silent Miles Referral Program Exclusively for its community Owners. This unique initiative gives its customers a chance to earn cashback on every successful referral.

Under this program, Ferrato owners can instantly earn ₹1,000 by sharing their unique referral code with a friend who purchases a Ferrato electric two-wheeler. Both the referrer and the referred individual receive an instant bank credit upon successful retail purchase. The referral process is seamless, customers can simply share their unique code via WhatsApp or email and earn instant cashback rewards for every successful referral. With no cap on the number of referrals, customers can keep earning as they expand India’s green mobility revolution.

Customers can share their unique referral code via WhatsApp or email to start earning rewards with each successful referral. This initiative is a great way to promote the widespread adoption of sustainable mobility solutions in the growing electric vehicle market. With no limit to the number of referrals that can be made, it enables customers to refer as many friends as they like, benefiting from every successful purchase.

OPG Mobility recently unveiled the Ferrato ‘DEFY 22’, an all-new electric scooter introduced at the Bharat Mobility Global Expo 2025 on 17th Jan.’25. Designed for the modern Indian rider, DEFY 22 blends cutting-edge performance, safety, and stylish design, all while being affordable and eco-friendly. With this latest addition to the Ferrato lineup, customers now have even more options to switch to electric mobility while benefiting from the Silent Miles rewards program.

“Our customers are at the heart of everything we do, and the Silent Miles Referral Program is our way of recognizing their commitment to sustainable mobility,” said Anshul Gupta, Managing Director, of OPG Mobility. “This initiative is not just about referrals, it’s about building a movement. By rewarding our loyal customers for championing electric mobility, we are fostering a strong, engaged community that shares our passion for innovation, performance, and a greener future.”

The referral program is open to all Ferrato two-wheeler owners aged 18 and above who are Indian citizens. Cashback is credited instantly upon the successful referral and purchase of a Ferrato two-wheeler.

LatentView Analytics Q3FY25: 37.5 Percent YoY Growth, 22.1 Percent EBITDA Margin

Chennai, India – February 08, 2025: LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global data analytics, consulting, and solutions firm, today announced its financial results for the third quarter of FY25, which ended on December 31, 2024.

Commenting on the results, Rajan Sethuraman, Chief Executive Officer, of LatentView Analytics, said, “We are pleased to announce our 8th consecutive quarter of revenue growth, with 9.0% QoQ and 37.5% YoY increase. This strong performance was driven by momentum in consulting, GenAI projects, and new client wins. This quarter marked several significant milestones, including a $3.2Mn engagement win, our highest value single contract with our largest client, reinforcing our strategic partnership and client centricity. Additionally, we also onboarded 9 new clients, including 3 former clients, indicating strong business momentum and improved market sentiment. During 9MFY25, we won 10 GenAI projects, and we continue to invest in building our GenAI capabilities. Notably, our financial services vertical witnessed a significant growth of 62% on a YoY basis during the quarter. As we enter FY26, we remain committed to deepening our client relationships, leveraging cutting-edge technologies, and capitalizing on emerging opportunities to drive growth momentum. ˮ

Rajan Venkatesan, Chief Financial Officer, of LatentView Analytics, said,
“For Q3FY25, we reported a total operating revenue of ₹2,278 million with an adjusted EBITDA margin of 26.1%. This margin is before factoring in acquisition-related costs and non-operating forex losses (primarily associated with intra-group loans). On an adjusted basis, our EBITDA margin improved by 360bps on a QoQ basis. As of December 31, 2024, our headcount stood at 1,622 and investments remained strong at ₹10,498 million, reflecting our financial stability and continued operational strength. ˮ

Large Deal Win
LatentView has secured a $3.2Mn deal with a multinational technology company to partner with their Analytics and Decision Support team. The project involves delivering a unified and scalable business intelligence, and data engineering solution to streamline operations and improve decision-making.

Select Key Client Wins in Q3FY25

• For a leading US telecommunications company, we are developing automated machine learning frameworks to improve network reliability through early detection of bandwidth bottlenecks.
• For a hi-tech manufacturing company in the oil and gas segment, we are supporting their digital transformation to improve product reliability, costs, and customer and employee experience.
• We are aiding an American multinational data center and communication network infrastructure provider to better align their web content strategy with trend spotting and consumer preferences.
• For a leading consumer sales and marketing agency, we are delivering precise sales forecasting using AI/ML and our ConnectedView accelerators.
• We are developing a guest lifetime value prediction model for a leading US-based cruise line to forecast customer spending behavior, driving revenue growth, and enhancing customer loyalty.

Other key highlights:

• Remadevi Thottathil (Rema) has been appointed as the Chief Human Resources Officer, reinforcing our commitment to driving growth through the strength and talent of our people.
• We hosted the 18th edition of the LatentView Roundtable, Hype to Hypergrowth – Deriving ROI from AI, in the Bay Area.
• Marking the third year of LatentViewʼs IPO, we held our first Investor Day, titled EvoLV, in Mumbai in November.

Other major events were Datanomics: Powering CX 2.0 in Financial Services with GenAI, New Jersey, AI Risk G Reward: Navigating the Business Landscape, Germany, and Game Off Shores: Get Your Analytics and AI Forces Together in Bengaluru.

CREDAI Hyderabad Expresses Gratitude to RBI Governor for Rate Cut

Hyderabad: 08th February 2025: CREDAI Hyderabad extends heartfelt thanks to RBI Governor Sanjay Malhotra and the Monetary Policy Committee for the recent decision to cut the repo rate by 25 basis points to 6.25%. This timely move is pivotal for the Indian economy, especially for homebuyers and the housing industry.

The decision comes at a crucial juncture when the economy is seeking renewed momentum. By lowering interest rates, the RBI is not only aiding consumption but also providing much-needed relief to borrowers, particularly first-time homebuyers. This rate cut, coupled with the recent tax relief measures announced in the Union Budget, creates a favorable environment for increased housing demand and encourages developers to launch new projects.

As the housing sector plays a vital role in driving economic growth, this initiative is expected to stimulate demand and enhance affordability for homebuyers. The anticipated boost in household consumption, alongside moderating inflation and improved employment conditions, sets a positive outlook for the housing industry.

CREDAI Hyderabad is optimistic that these measures will lead to a flourishing housing market, contributing significantly to the overall economic recovery. We appreciate the RBI’s proactive approach in aligning monetary policy with the needs of the economy and supporting the aspirations of homebuyers.

We look forward to working together with all stakeholders to ensure that the benefits of these initiatives translate into real opportunities for the community.

Budget 2025- RSK Business Solutions

by Mr. Praveen Joshi, Managing Director of RSK Business Solutions

Mr. Praveen Joshi, Managing Director of RSK Business Solutions – The ₹95,298 crore allocation for IT and telecom in Budget 2025 is a strategic step towards establishing India as a global leader in digital innovation. As technology evolves rapidly and the demand for connectivity intensifies, this investment is crucial for upgrading infrastructure and building technological advancements. The funding will not only drive the development of next-gen networks and digital platforms but also fuel the growth of key sectors such as AI, 5G, and cloud computing. This allocation is a testament to India’s commitment to advancing its digital ecosystem and ensuring robust connectivity for a tech-driven future.

Hope on Wheels: Karma Foundation Launches Food Truck for the Underprivileged

Ahmedabad, February 8: In a significant step towards fighting hunger and malnutrition, Karma Foundation, has launched its Food Truck Project. The initiative, supported by NK Proteins and Nila Infrastructure, aims to provide free, nutritious, hygienically prepared meals to underprivileged children and homeless individuals across Ahmedabad.

With a strong commitment to ensuring food security for the city’s most vulnerable communities, the Food Truck Project will serve freshly cooked meals daily in pre-selected locations where hunger is most prevalent. Initially, the Foundation aims to feed at least 200 individuals per day, with a vision to scale up the initiative in the coming months.

Ms. Priyanshi Patel, Founder and Managing Trustee of Karma Foundation, said, “Our primary goal is to feed underprivileged children and homeless individuals, ensuring they receive nutritious meals to sustain their health and well-being. Through this initiative, Karma Foundation envisions a community where hunger is no longer a barrier to living a dignified life and where every meal contributes to building a healthier, more hopeful society.”

The food truck will operate daily, visiting selected locations across Ahmedabad to distribute nutritious meals. The initiative focuses on reaching children from slum areas and homeless individuals, ensuring they have access to balanced meals that support their health and development.

Beyond addressing hunger, the Food Truck Project emphasizes sustainability and the efficient use of resources. Any surplus food after serving designated locations will be distributed to other roadside individuals, ensuring no meal goes to waste. The initiative is designed to create a long-term impact by not only feeding those in need but also promoting a healthier community. Proper nutrition plays a crucial role in the physical and cognitive development of children, directly influencing their ability to learn and thrive.

With its dedication to social impact, Karma Foundation envisions a future where hunger is eradicated, and every person has access to nutritious food. The Food Truck Project is a step towards that vision, ensuring that every meal serves as a source of nourishment, dignity, and hope.

RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Limited

by Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Limited
“The RBI’s 25 basis point cut in the repo rate to 6.25%, after five years marks a pivotal move to boost liquidity in the financial system. With the Standing Deposit Facility now at 6% from 6.25% and the Marginal Standing Facility and Bank rates at 6.50%, this decision is expected to ease borrowing costs and fuel credit demand. It offers a timely boost for sectors such as housing, MSMEs, and consumer finance, positively impacting individuals and businesses in their growth journeys.”

Indulge in Burgrill’s Saucy Valentine’s Special Burgers

Who needs roses when you can have burgers? This Valentine’s, let Burgrill be your ultimate comfort with mouthwatering burgers, crispy fries, and refreshing sips. The limited-edition menu is to make your day extra delicious & promises a perfect feast for every kind of love story.

This Valentine’s Day, let love and flavors take center stage! Whether you’re in a situation, getting ghosted, or simply celebrating self-love, Burgrill has the perfect meal for every kind of love story. Hog on the specially curated Valentine’s combos, packed with juicy burgers & crispy fries.

The Situationship Meal – Mixed signals but bold flavors! Enjoy 2 Grilled Chicken Burgers, Portuguese Fries & 2 Pepsi cans, no labels, just good vibes.

The Ghosting Meal – Left on read? Let 2 Ultimate Snacker Burgers, Portuguese Fries & 2 Pepsi cans comfort you because great food never ghosts!

⚖️ The Benching Meal – Not the first choice? Your meal is! Enjoy 2 Chicken Quarter Pounder Burgers, Portuguese Fries & 2 Pepsi cans, and stay in the game.

The Orbiting Meal –They watch, react, but never text? Grab 2 Cheesy Cheddar Paneer Burgers, Portuguese Fries & 2 Pepsi cans at least your meal is worth it!