Category Archives: Business

Kalyan Jewellers India Limited recorded PAT of Rs 219 crore in Q3 FY25

Chandigarh, 31 January 2025: Kalyan Jewellers India Limited recorded consolidated revenue of Rs 7287 crore in Q3 FY25 as against Rs 5223 crore in the corresponding period of the previous year, a growth of 40%. The consolidated PAT for Q3 FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due to the reduction in customs duty (announced during the Union Budget in July 2024).

The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded a PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54%.

Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, a growth of over 23%. The Middle East operations recorded a PAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. The PBT grew by 23% over the corresponding quarter of the previous year. However, the PAT growth for Q3FY25 was impacted due to the introduction of a new corporate tax in the UAE.

The e-commerce division, Candere, recorded a revenue of Rs 55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.

Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed. The current quarter has started well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”

Bank of Baroda announces Financial Results for the Quarter ended 31st December 2024

Consistent ROA, Robust Asset Quality: Bank Reports Steady Q3FY25 Performance

Key Highlights

•  BOB reports a growth of 12.6% in its 9MFY25 Net Profit to INR 14,533 crore
•  Net Profit for Q3FY25 stands at INR 4,837 crore, a growth of 5.6% YoY.
•  Asset quality continues to be robust with Gross NPA below 2.5% at 2.43% for Q3FY25, a reduction of 65 bps YoY.
•  Net NPA ratio also remains low at 0.59%, declining by 11 bps YoY.
•  Slippage ratio remains contained at 0.90% for Q3FY25 and 0.81% for 9MFY25.
•  Credit costs remain below 1% due to better asset quality at 0.30% for the quarter and 0.47% for 9MFY25.
•  BOB’s balance sheet remains robust with a healthy Provision Coverage Ratio (PCR) of 93.51% with TWO & at 76.03% without TWO.
•  Return on Assets (ROA) remains above 1% and stands at 1.15% for the quarter and 1.17% for 9MFY25.
•  Return on Equity (ROE) for the quarter is 17.01% and 17.03% for 9MFY25.
•  Operating profit for Q3FY25 stands at INR 7,664 crore, up by 9.3% YoY.
•  Operating profit growth was supported by 34.1% YoY growth in Non-Interest Income which stands at INR 3,769 crore for Q3FY25.
•  Cost The income ratio has also reduced by 4 bps YoY to 49.53% for Q3FY25.
•  BOB’s Global Advances registered a growth of 11.8% YoY in Q3FY25 led by robust retail loan book growth. Bank’s organic Retail Advances grew by 19.5%, driven by growth in high-focus areas such as Auto Loans (21.1%), Home Loans (16.6%), Mortgage Loan (16.3%), and Education Loan (16.9%).
•  Capital Adequacy (CRAR) remains healthy at 15.96%.

Profitability

•  BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at INR 14,533 crore (+12.6% YoY) as against INR 12,902 crore in 9MFY24.
•  Net Interest Income (NII) grew by 2.8% YoY to INR 11,417 crore in Q3FY25. NII for 9MFY25 registered a growth of 5.2% and stands at INR 34,639 crore.
•  Non-Interest Income for Q3FY25 grew by 34.1% YoY and stands at INR 3,769 crore. Non-Interest Income for 9MFY25 stands at INR 11,438 crore up by 11% YoY
•  Global NIM stands at 2.94% in Q3FY25. Global NIM for 9MFY25 stands at 3.08%.
•  Yield on Advances stands at 8.35% in Q3FY25 as against 8.51% in Q3FY24.
•  Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.
•  Operating Income for Q3FY25 stands at INR 15,186 crore (+9.2% YoY). Operating Income for 9MFY25 stands at INR 46,076 crore registering a growth of 6.6%.
•  Operating Profit for Q3FY25 stands at INR 7,664 crore (+9.3% YoY).
•  Operating Profit for 9MFY25 increased by 6.3% to INR 24,303 crore.
•  Cost to Income ratio improved by 4 bps YoY and stands at 49.53% for Q3FY25. Cost to Income ratio of 9MFY25 stands at 47.26%.
•  Return on Assets (RoA) (annualised) stands at to 1.15% in Q3FY25. RoA for 9MFY25 stands at 1.17%
•  Return on Equity (RoE) (annualised) for Q3FY25 stands at 17.01%. RoE stands at 17.03% for 9MFY25.
•  For the consolidated entity, Net Profit stood at INR 5,214 crore in Q3FY25 as against INR 4,789 crore in Q3FY24.

Asset Quality

•  The Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24.
•  The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with 0.70% in Q3FY24.
•  The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25.
•  Slippage ratio declined to 0.81% for 9MFY25 as against 1.06% in 9MFY24. Slippage ratio for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24.
•  Credit cost stands at 0.30% for Q3FY25 and 0.47% for 9MFY25.

Capital Adequacy

•  CRAR of the Bank stands at 15.96% in Dec’24. Tier-I stood at 13.44% (CET-1 at 12.38%, AT1 at 1.06%) and Tier-II stood at 2.52% as of Dec’24.
•  The CRAR and CET-1 of consolidated entity stands at 16.36% and 12.86% respectively
•  The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).

Business Performance

•  Global Advances of the Bank increased to INR 11,73,034 crore, +11.8% YoY.
•  Domestic Advances of the Bank increased to INR 9,64,869 crore, +11.9% YoY.
•  Global Deposits increased by 11.8% YoY to INR 13,92,461 crore.
•  Domestic Deposits increased by 9.2% YoY to INR 11,65,874 crore in Dec’24.
•  International Deposits grew by 27.3% on a YoY basis to INR 2,26,588 crore in Dec’24.
•  Organic Retail Advances grew by 19.5%, led by growth in high focus areas such as Auto Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan (16.9%) on a YoY basis.
•  Agriculture loan portfolio grew by 12.5% YoY to INR 1,51,050 crore.
•  Total Gold loan portfolio (including retail and agri.) stands at INR 58,172 crore, registering a growth of 29.1% on a YoY basis.
•  Organic MSME portfolio grew by 13.6% YoY to INR 1,31,769 crore.
•  Corporate advances registered a growth of 6.8% YoY and stands at INR 3,87,405 crore.
• 

Shreedayini Foundation and USABF Reveal Ambitious Dollar1 Trillion FDI Roadmap for India

New Delhi, January 31st, 2025: Shreedayini Foundation, one of India’s leading a 12-A / 80-G certified non-profit organisation aimed at empowering youth and promoting entrepreneurial excellence organised India’s first Economic Growth Conference 2025 (IEGC), in partnership with the US Asia Global Business Forum (USABF), at The Lalit, New Delhi. The event witnessed the participation of over 300 attendees including ambassadors,policymakers, fund seekers, government officials, and investors to discuss the roadmap of charting $1 trillion USD in Foreign Direct Investment (FDI) in India’s 23 sectors. Shreedayini Foundation aims to achieve a multi-phase target of $1 trillion USD, based on selected projects and investment platforms. The conference paved the way for the Shreedayini Foundation’s programme “Samriddh Bharat, Samriddh Vishwa” (Prosperous India, Prosperous World), which aimed to boost India’s GDP and position the country as a global economic powerhouse.

The conference highlighted India’s immense potential to attract global investments. Delegates discussed the strategic inflow of funds into sectors like infrastructure, renewable energy, IT, healthcare, agriculture etc that would align with the government’s vision of “Vikasit Bharat @2047.The event was attended by ambassadors, government officials, and investors from countries like Switzerland, USA, Israel, Singapore, and the UAE. Shreedayini Foundation is planning for a solid Roadmap for Employment in India. The event included key point discussions including Public-Private Partnership (PPP) models to enhance government and private enterprises’ collaboration in energy, logistics, and technology sectors. The conference also announced programs dedicated to empowering youth and women through education, training, and job creation, which are expected to strengthen India’s workforce and bridge skill gaps promoting the Indian economy.

Dr. Ram Das Athawale, Minister of State for Social Justice and Empowerment also joined the event virtually, as he could not be available for a sudden change of plans. He extended his best wishes for the success of future prospects and praised the efforts of the Shreedayini Foundation in fostering economic growth and global collaborations.

One of the major event highlights was the finalization of a roadmap to attract $1 trillion USD in FDI in the Indian Economy. Shreedayini Foundation has announced the Concrete steps and timelines to simplify investment processes and ensure transparency, boosting investor confidence. The process was discussed in detail including the DPR registration and funding process, submitting the project for review, followed by investor confirmation, due diligence, and signing of the Investment Agreement.

Speaking at the event, Mr. Hariom Agnihotri, Chairman of the Shreedayini Foundation, stated, “India’s economic landscape is evolving rapidly. Through this conference, we have built a robust foundation for a $1 trillion FDI target, fostering trust and global partnerships. This is a transformative moment for India and the world.”

FDI inflows into India reached $84.8 billion in FY 2022-23, solidifying the nation’s position as the fifth-largest economy in the world and a leading destination for global investors. The conference highlighted the potential for targeted investments to accelerate India’s economic development, positioning the country as a leader in innovation and sustainability.

Reflecting on the conference, Mr. Kevin Kaul, Chairman of USABF, remarked, “India’s untapped potential, combined with its demographic advantage, makes it the ultimate investment destination for the 21st century. The partnerships forged today will shape a prosperous and interconnected global future.”

The event concluded with the announcement of the “Samriddh Bharat, Samriddh Vishwa” program. This initiative will act as a catalyst to attract global investments while addressing global sustainability goals and fostering inclusive growth. This conference marks a significant milestone as Shreedayini officially presents their vision and mission to create a lasting impact on India’s development where they encourage everyone to join us in this endeavor to build a stronger, more prosperous global economy.

Rachana Construction Limited Powers Up with 25 MW Solar Plant in Dharashiv, Maharashtra

31st January 2025; Maharashtra: Rachana Construction Limited (RCL) is proud to announce a significant milestone with the development of a 25 MW solar power plant in Dharashiv, Maharashtra. This project underscores the commitment of the company towards sustainability and innovation and highlights an important cornerstone of its mission toward becoming the leaders in renewable energy. The solar plant will produce clean energy for 25 years, thus reducing the carbon emissions and enhancing the local economy through job opportunities and new technologies.

This transformative project highlights the company’s commitment and Mr. Sujit Dattatray Mule, Managing Director of Rachana Construction Limited said, “This project – an example of what is manifest in our vision of sustainable development aligned with international efforts against climate change, it demonstrates our single-minded dedication to innovative solutions that are guaranteed to create long-lasting value for communities and a greener future.”

The state-of-the-art PV modules and smart monitoring system, powered by the Internet of Things (IOT) and AI, will ensure operational efficiency with minimum downtime at the plant. The plant is expected to cut down carbon dioxide emissions to about 35,000 to 40,000 metric tons a year and about 1 million metric tons during its lifetime, equivalent to the removal of thousands of cars from the streets every year.

Around 200-300 temporary jobs will be created during construction, such as engineers, technicians, and laborers, while once operational, the plant will give 30-50 permanent jobs. Moreover, the local suppliers will benefit as well, while the enhanced energy infrastructure will assist the development of the region.

RCL’s ambition to manage large-scale infrastructure projects was important in securing this initiative. The estimated financial aspect of the project shows up at between ₹125 and 175 crores, barking out RCL’s financial base and managerial foresight. With its focus on renewable energy, the company is well-poised to expand its portfolio in the sector, attracting new partnerships and opportunities both in India and internationally.

Cosmo First Marks New Expansion with Bhoomi Pujan in Bidkin Industrial Area

Chandigarh, January 31, 2025: Cosmo First, a leading global manufacturer of specialty films for packaging, labeling, lamination, and more, conducted a Bhoomi Pujan ceremony at Auric City, Bidkin in Chhatrapati Sambhajinagar (erstwhile Aurangabad) district in Maharashtra. This groundbreaking ceremony is part of Cosmo First’s expansion plan marking a significant development that reinforces the company’s commitment to growth and innovation.

The ceremony, held at Plot No. 3, Sector 25, Auric City, Bidkin, in Chhatrapati Sambhajinagar, Maharashtra, was graced by Mr. Ashok Jaipuria, Mrs. Yamini Jaipuria, Mr. Pankaj Poddar, and the Cosmo First Leadership team, underlining the importance of this strategic expansion for the manufacturing company.

The strategic location was chosen for its promising industrial infrastructure and potential for future development. The Bidkin Industrial Area (BID) is a transformative project in India’s journey to become a global manufacturing powerhouse. This expansion in Bidkin represents a crucial step in Cosmo First’s growth trajectory facility is expected to enhance the company’s operational capabilities and create value for all stakeholders.

Marking this milestone and the company’s expansion, Mr Pankaj Poddar, said, “This Bhoomi Pujan reflects the growth of our company and the potential of this industrial area. By establishing our presence in Auric City, Bidkin, we are not just expanding our operational footprint but also reinforcing our commitment to Maharashtra’s industrial development. This new facility represents our vision for the future and our dedication to creating sustainable value for our stakeholders while contributing to the local economy through employment generation and community development.”

The Bhoomi Pujan ceremony included traditional rituals and prayers, symbolizing an auspicious beginning for this new venture. It featured the ceremonial ground-breaking and holy Puja, marking the formal commencement of the site development.

Veranda Learning Partners with Nursing Europe, Aims for Rs. 200 Cr in Revenue

CHENNAI, 31stJANUARY 2025: Veranda Learning has announced a strategic partnership with Nursing Europe AS (NE) to empower Indian nurses with the skills needed to secure employment in Europe’s healthcare sector.

Nursing Europe AS, a company based on the experiences of renowned Norwegian entities, specializes in providing fully EU-qualified and licensed nurses to healthcare providers across European nations. This partnership is projected to generate significant revenue, with estimates of over ₹200 crores in the next 3-5 years by placing more than 2,000 students.

Veranda Learning is expanding into global skilling, starting with nursing, and has plans to extend to other sectors. Veranda Learning has teamed up with industry experts to drive this initiative forward.

India, recognized as the human capital of the world, holds immense potential with its vast pool of skilled professionals. Leveraging this, Veranda Learning Solutions, a listed enterprise offering end-to-end solutions in the education space, is taking a significant step in harnessing India’s human capital through its extensive reach.

Addressing Europe’s Healthcare Workforce Shortage

Europe faces a critical shortage of healthcare professionals, with the World Health Organization (WHO) projecting a shortfall of 13 million healthcare workers by 2030. Countries like Norway, Denmark, Germany, Austria, and Italy urgently need qualified nurses to meet this growing demand. This shortage presents a unique opportunity for Indian nurses, who are highly skilled but often encounter challenges such as degree recognition, language proficiency, and cultural adaptation when seeking employment abroad.

Veranda Learning: Harnessing India’s Human Capital

With a mission of upskilling India for the world, Veranda Learning is seizing this opportunity to provide Indian nurses with the necessary platform to fill these crucial gaps in Europe’s healthcare sector. This initiative is not just about bridging the talent gap in Europe; it’s about harnessing India’s human capital to meet global demands. Through its expansive reach and expertise, Veranda aims to unlock international opportunities for Indian nurses while contributing to the sustainability of healthcare systems across Europe.

The Initiative: Empowering Indian Nurses for European Healthcare Systems

The global skilling initiative will offer a range of training and support services, including:

1. Tailored Training Programs: Courses designed to meet European healthcare standards, focusing on both clinical and non-clinical competencies.
2. Language Proficiency Courses: Preparing Indian nurses to achieve fluency in the languages required for effective patient care in their destination countries.
3. Cultural Orientation: Equipping nurses with the necessary understanding of European work environments and cultural norms, ensuring a smooth transition.

 A Strong Partnership for Lasting Impact

Speaking on the partnership, Mr. Tommy Iversen, CEO of Nursing Europe AS and co-founder of Focus Care Group AS, one of Norway’s largest medical staffing agencies, comes with extensive experience in medical staffing, said, “Europe is facing an urgent need for skilled healthcare professionals. Our partnership with Veranda Learning will create exciting career opportunities for Indian nurses while helping to alleviate staffing challenges across Europe.”

Mr. Aditya Malik, Group Chief Operating Officer of Veranda Learning Solutions, added, “We are pleased to be partnering with Nursing Europe, which has a proven expertise in recruitment and staffing. This partnership will be a win-win for Indian nurses and European healthcare alike. At Veranda, we are not only looking to address global workforce shortages but also position India as a hub for world-class skilling, empowering our professionals to meet international standards and make a meaningful impact globally.”

UTI Mutual Fund Launches 2 New Index Funds

UTI Mutual Fund (UTI MF) is delighted to announce the launch of two new index funds: UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (An open-ended scheme replicating/tracking the Nifty Midsmallcap 400 Momentum Quality 100 Total Return Index (TRI)) and UTI Nifty India Manufacturing Index Fund (An open-ended scheme replicating/tracking the Nifty India Manufacturing Total Return Index (TRI))

UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund

The Scheme is a first-of-its-kind offering in the industry with the index fund structure and also UTI’s first multi-cap and multi-factor index fund, an innovative addition to its index fund offerings. This open-ended scheme is benchmarked to Nifty MidSmallcap 400 Momentum Quality 100 TRI. The scheme’s combination provides investors the benefit from a combination of two-factor strategies in one fund, exposure to companies with relatively better growth potential and quality within the mid-small cap segment, and building style diversification in the portfolio. The fund is a low-cost index fund that shall endeavor to achieve returns equivalent to returns of the underlying index while minimizing tracking error.

Salient Features:

NFO Period: 28th January 2025 to 10th February 2025

Fund Manager: Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies

•  Benchmark: Nifty MidSmallcap 400 Momentum Quality 100 TRI
•  Minimum Investment: Minimum initial investment is ₹1,000 and in multiples of ₹1 thereafter
•  Plans & Options: Regular Plan and Direct Plan – offering Growth Option Only
•  Load Structure: No entry or exit load

UTI Nifty India Manufacturing Index Fund

The fund provides exposure to companies from the manufacturing segment in a defined and disciplined way. It is an open-ended scheme replicating/tracking Nifty India Manufacturing TRI. UTI Nifty India Manufacturing Index Fund will offer investors a unique opportunity, to leverage the robust growth potential of the manufacturing industry in India. Index Fund’s strategy will focus on reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weight of stocks in the index as well as the incremental collections/redemptions in the Scheme.

Salient Features:

NFO Period: 28th January 2025 to 10th February 2025

Fund Manager: Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies

•  Benchmark: Nifty India Manufacturing TRI
•  Minimum Investment: Minimum initial investment is ₹1,000 and in multiples of ₹1 thereafter
•  Plans & Options: Regular Plan and Direct Plan – offering Growth Option Only
•  Load Structure: No entry or exit load

Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC said, “UTI AMC is amongst the largest asset managers in the passive category with over 2 decades of experience of managing passive Funds. The two new offerings aim to provide investors opportunity to invest in categories and industries which offer immense growth prospects with disciplined approach to the portfolio construction, while adhering to a defined selection process. With our expanded product line in the passive category, we intend to offer tailored solutions to our investors that may align with their long-term financial goals and help them navigate today’s dynamic financial landscape.”

UTI Nifty MidSmallcap 400 Momentum Quality 100 Index Fund

(An open-ended scheme replicating/tracking Nifty MidSmallcap 400 Momentum Quality 100 TRI)

This product is suitable for investors who are seeking*:

•  Returns that are commensurate with the performance of the Nifty MidSmallcap 400 Momentum Quality 100 Index over long term, subject to tracking error.
•  Investment in securities covered by the Nifty MidSmallcap 400 Momentum Quality 100 Index

Product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

 Based on the Index Composition as on December 31, 2024.

 Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Petex Sets the Stage for the Ultimate Dog Furniture Showcase

Hyderabad, January 31, 2025……..SVAG Homes to have a huge line of display of Barkitecture products at Petex, India’s largest pet expo to be held along with two other expos “Kids Fair” and “Kids Business Carnival” at Hitex from January 31st

Giving details in a press note issued in the city Vishal Bothra said it will display all the 25 SKUs it has. It will also give a hint of 50 more designs and patterns it is working on presently.

First of all we, “Barkkey” are the only Barkitecture company in the country. And we are also the largest in terms of number of designs and patterns compared to the best of the best Barkitecture companies in the world, he stated.

Come to stall number 2F09 and witness the new trend. Barkitecture’ Makes Your Pets the King of the Castle, he added.

The Barkitecture is the best tribute we can pay to our dogs in honour of their company given to us during the pandemic. We humans should feel as grateful for our pets as they might feel grateful for us added another founder of the company Sushanth.

Barkkey has a manufacturing facility in Hyderabad with a wide variety of products for B2B and B2C. It has a manufacturing facility at Aramgarh in Hyderabad. It is a bootstrapped company. They have invested INR 1.8 crore.

SVAG Pet Homes LLP, a Hyderabad-based startup, has introduced a groundbreaking concept to the Indian market—’Barkitecture in India.’ This novel trend in pet care, which tailors architecture and interior design specifically for dogs, is poised to reshape how pet owners design spaces for their furry friends. The company will unveil new line of products, including Barkkey Villas, Barkkey Pods, and Barkkey Furniture.

SVAG Pet Homes aims to sell 1,00,000 pieces in the next year. Prices for these designer pet homes range from Rs15,000 to Rs5 lakh, and products are available through the company’s website, Amazon, and Instagram. As part of their commitment to social responsibility, SVAG Pet Homes also launched the Barkley Foundation, which focuses on promoting responsible pet parenting and supporting street dogs.

From Remote Teams to Real-Time Collaboration: The Impact of Screen Casting

In today’s fast-paced digital environment, the ability to display and share content seamlessly has become essential across various settings—from corporate meetings to educational classrooms and even casual gatherings. Understanding the latest trends in screen casting can enhance our collaborative experiences and streamline content sharing.

 A significant trend in screen casting is the shift toward wireless solutions that prioritize user-friendliness and minimal setup requirements. This movement aims to eliminate bulky cables and complex network configurations, leading to the adoption of protocols like Chromecast and Miracast.

Chromecast: simplifying content sharing
Developed by Google, Chromecast has gained widespread popularity due to its straightforward operation. Users can cast content directly from the WonderCast to a compatible display with just a few clicks, “with or without additional software. This functionality is particularly advantageous for quick presentations, video sharing, or displaying web content. WonderCast is compatible across multiple platforms, including Windows and Android.

 Miracast: network-independent connectivity
Miracast enhances wireless casting by utilizing Wi-Fi Direct technology, allowing devices to connect directly without relying on a shared Wi-Fi network. This is particularly useful in environments where Wi-Fi access is unreliable or restricted. By enabling Wi-Fi on the device, users can establish a direct connection with the display. This setup enables high-quality video and audio streaming with reduced latency, ensuring a smooth experience even in challenging network conditions.

 Additionally, Miracast supports a wide range of audio and video formats, including high-definition video and images. This versatility makes it ideal for sharing multimedia content between devices. Even without a Wi-Fi network, users can enjoy seamless wireless casting. Miracast offers flexibility and reliable performance in both personal and professional environments, making it suitable for various scenarios.

Enhancing user experience with advanced screen casting
Recognizing the evolving trends in screen casting technology, the Hikvision WonderCast (Interactive Flat Panel Display Product series) has integrated advanced capabilities to enhance user experience. The built-in WonderCast software provides users with a more stable connection, while these displays also support other screen casting methods, such as Wi-Fi and NFC.

 The All Series also introduces a new connection mode through a screen casting dongle. This innovative approach replaces traditional wired HDMI connections. It frees users from spatial constraints and eliminates the need to install software or connect to Wi-Fi. Simply plug in the dongle and start casting, catering to users who prefer simplicity and mobility

By staying tuned to advancements in screen-casting technology, we can facilitate smoother digital interactions and more effective collaborations.

IIA’s Mega Trade Event – Build Bharat Expo-2025 Set to Redefine Industrial Progress

New Delhi, January 30, 2025

The Indian Industries Association (IIA) Delhi Chapter officially announced the Build Bharat Expo-2025 during a press conference. This major industrial event will take place from March 19 to 21, 2025, at India Expo Centre, Hall No. 06, New Delhi. The objective of the Expo is to showcase India’s manufacturing capabilities on a global stage, promote industrial innovation, and strengthen trade collaboration. It will provide a significant opportunity for Indian entrepreneurs and industries to exhibit their technical expertise and products.

Dr. Mamtamayi Priyadarshini, Chairperson of IIA Delhi Chapter, stated, “Build Bharat Expo-2025 will serve as a testament to the strength, innovation, and self-reliance of Indian industries. This event will help Indian industries compete globally and play a crucial role in establishing India as a global manufacturing hub.”

The inauguration ceremony will take place on March 19, 2025, at 11:00 AM, with prominent leaders from the industry, government officials, and investors in attendance. The closing ceremony will be held on March 21, 2025, with Union Finance Minister Nirmala Sitharaman as the chief guest. Several important sessions will be held during the three-day event, focusing on industrial innovation, policy-making, and fostering business partnerships.

The Expo will feature over 340 stalls, showcasing products and services from various industrial sectors. The latest technologies in Green and Clean Energy, Agriculture and Food Processing, Building and Construction Materials, Electrical and Electronics, among others, will be on display. This Expo will provide a significant platform to present emerging industries, startups, and innovations to the global audience.

Dr. Lakshmikanth Pandey, CEC Member, IIA Delhi, shared that Build Bharat Expo-2025 will be particularly focused on promoting Micro, Small, and Medium Enterprises (MSMEs). The MSME Ministry will reimburse 80-100% of the stall charges for these businesses. Additionally, industries will receive support under the Uttar Pradesh government’s ODOP and MDA schemes. With the cooperation of the Ministry of Food Processing Industries, UPNEDA, and other government institutions, the Expo will contribute significantly to empowering the Indian industrial sector. Industries from the Northeast states are also invited to participate, which will further boost regional industrial development.

Mr. Charanjeet Singh, Vice President of IIA, mentioned that the Expo will unveil new technologies and services, showcasing India’s industrial and technological advancements. The seminars, panel discussions, and B2B interactions during the Expo will focus on industry development, innovation, sustainability, and technology adoption. This event will not only promote business partnerships but will also strengthen Indian industries in the global competitive market.

Mr. Neeraj Bajaj, Secretary of IIA Delhi, shared that over 25 countries, including Japan, Russia, South Korea, Vietnam, Thailand, and Malaysia, will participate in the Expo. This will foster international trade and cooperation. Additionally, more than 15,000 domestic business visitors will attend, offering industries a golden opportunity to expand their markets and products. Indian entrepreneurs will have the chance to partner with foreign companies and access export markets.

So far, more than 50% of the stalls have been booked or blocked. Bookings for the remaining stalls are ongoing, and interested entrepreneurs have been urged to book their stalls as soon as possible. This event will not only accelerate the growth of India’s industrial sector but also serve as an excellent platform to expand business opportunities.

Build Bharat Expo-2025 has received support from various industrial organizations such as KASSIA, AWAKE, Mohali Industry Association, and the A-20 Forum. Through this initiative by IIA, Indian industries will have the opportunity to present themselves on the global stage, contributing to India’s industrial excellence and economic growth. Senior IIA members, including Mr. Piyush Agarwal, Mr. Arvind, and other dignitaries, were also present at the press conference.