Category Archives: Business

Digital Health Breakthrough: Apollo and University of Leicester Partner to Set Up Precision Medicine Centre in Chittoor

Hyderabad, January 21, 2025: The Apollo University, Apollo Hospitals and University of Leicester, United Kingdom, have partnered to establish the Centre for Digital Health and Precision Medicine (CDHPM) at The Apollo University campus in Chittoor, Andhra Pradesh. The advanced research centre will bring together the expertise and resources of both institutions to create a global hub for digital health and precision medicine. The CDHPM Centre will be the hub in Chittoor, India. The hub at the University of Leicester will be based at the BHF Cardiovascular Research Centre at Glenfield Hospital, Leicester.

The Co-Directors of the centre will be Professor Sir Nilesh J Samani, Professor of Cardiology at the University of Leicester, and Dr Sujoy Kar, Adjunct Faculty, The Apollo University, Chief Medical Information Officer, Apollo Hospitals.

The CDHPM was inaugurated today by Dr. Prathap C. Reddy, Chancellor of the Apollo University and Founding Chairman, Apollo Hospitals in the presence of University of Leicester and The Apollo University’s Vice Chancellors. The Centre, which is fully functional today, will focus on revolutionising patient care by developing novel digital and personalised solutions using advanced analytical approaches to routinely collect healthcare data.

Commenting on the launch of CDHPM, Dr. Prathap C. Reddy, said, “At Apollo, we have always been pro-health, and the Centre for Digital Health and Precision Medicine (CDHPM) sits at the core of that belief. With the CDHPM, we aspire to transform healthcare delivery by bettering disease prediction, prevention, diagnosis, and management for acute and chronic conditions and are committed to profoundly impacting global healthcare. I am certain that such advancements will benefit patients globally and shape the future of personalised and data-driven medicine. I am happy to have launched the research centre in my birthplace in partnership with Leicester University.”

Dr.Vinod Bhat, Vice Chancellor of The Apollo University, discusses the partnership and its potential to drive transformative healthcare solutions forward. He says, “The launch of the Centre for Digital Health and Precision Medicine marks a monumental step forward in The Apollo University’s commitment to revolutionising healthcare through innovation and collaboration. By integrating cutting-edge medical research with advanced technology, the Centre aims to redefine patient care and create a global benchmark for precision medicine. This partnership with the University of Leicester strengthens our academic and research capabilities and paves the way for transformative healthcare solutions to create new academic benchmarks.”

Commenting on the launch of CDHPM, Professor Nishan Canagarajah, President and Vice Chancellor of the University of Leicester, said: “The establishment of the centre will allow Leicester and Apollo to build the healthcare of the future, which has the potential to transform lives not only in India and the UK but around the globe.

“Combining the world-leading expertise of both institutions means we can find new and novel ways to solve the biggest challenges in health. We have also taken the first steps to provide cutting-edge degree programmes designed to address the current and future shortages of expertise in healthcare services, both in the UK and India.”

The centre’s vision

The Centre’s unique strength is underpinned by the extensive understanding that the institutions have of the challenges faced by healthcare systems globally. By combining the expertise and resources of The Apollo University and the University of Leicester and leveraging the resources accessible to both sides securely, the Centre will direct its initial research efforts toward the following – although not exclusively – areas of shared strengths: cardiovascular diseases and care, acute and emergency medicine, and multi-morbidity—especially given the ageing population and the prevalence of individuals living with multiple conditions.

The Centre will serve as a critical research hub within The Apollo University’s ecosystem, advancing collaborative projects in Precision Medicine and Digital Health. This joint Centre aspires to further research excellence and make meaningful contributions to healthcare innovation and patient care.

Clinical Medicine research at the University of Leicester was ranked joint 2nd in the Times Higher Education (THE)’s analysis of the UK’s Research Excellence Framework (REF) 2021.

The Apollo University – University of Leicester programmes being launched

In addition, starting September 2025, The Apollo University will introduce three collaborative undergraduate programmes curated to fulfil the increasing demand for quality transnational education in domains such as Artificial intelligence, Electronics Electrical and Information Engineering, and Business Administration. As part of such programmes, students will complete the first two years of their studies at The Apollo University, India and subsequently progress to the University of Leicester, UK, for the final year of study of the programme.

Additionally, four healthcare-focused Masters programmes will be offered at the University of Leicester. These programmes will cater to the increasing demand for healthcare professionals with specialised competencies. Further speciality medicine programmes developed jointly by Apollo Hospitals, University of Leicester, NHS England and the BAPIO Training Academy (BTA) will offer students diverse pathways to train, specialise and practice in the UK.

The Apollo University – University of Leicester partnership so far

An overarching MoU was signed in June 2023 to strengthen links between India and the UK, establish a mutual desire to promote international cooperation and explore collaborative education and research programmes, particularly in healthcare and data science.

This Republic Day, Upgrade Your Viewing Experience with Amazon.in’s ‘TV Sale Parade

Bengaluru, 21st January 2025: Make your Republic Day celebrations bigger by bringing home a smart TV during Amazon.in’s TV Sale Parade, live until 26th January 2024. Enjoy up to 60% off on the latest smart TVs from leading brands like Acer, LG, Samsung, Sony, TCL, Vu, and more. Whether you’re watching the 76th Republic Day parade, streaming your favorite shows, or diving into immersive gaming, this sale offers incredible offers to enhance your viewing experience. Don’t miss out and shop now on Amazon.in and bring home the perfect TV at great prices.

• Acer 100 cm (40 inches) I Pro Series Full HD Smart LED Google TV: Experience the extraordinary depth and vivid colors with 40-inch smart LED TV, backed by 30W high-fidelity speakers, Google TV support, and a frameless design along with metal body.
•  Hisense 108 cm (43 inches) E6N Series 4K Ultra HD Smart LED Google TV: Unlock superior clarity and smart features with Hisense 108 cm E6N Series TV. It also comes embedded with 4K AI Upscaler, precision color and AI sports mode.
•  LG 108 cm (43 inches) 4K Ultra HD Smart LED TV: Enjoy the cinema like viewing experience with LG 4K Ultra HD Smart LED TV. It comes with vivid colors and remarkable details with 4K HDR10 Pro resolution. This TV also offers features such as AI Acoustic Tuning, α5 AI Processor 4K Gen6, Dynamic Tone Mapping, Apple Airplay and much more.
•  LG 139 cm (55 inches) 4K Ultra HD Smart LED TV: Experience vivid colors and remarkable details with LG 4K Ultra HD smart TV. It comes with smart features such as WebOS 23, quick card, AAA gaming and much more.
•  Samsung 108 cm (43 inches) D Series Crystal 4K Vivid Pro Ultra HD Smart LED TV: Experience 4K excellence with Samsung 108cm (43 inches) D Series Smart LED TV. This smart TV comes with features such as 4K Upscaling, PurColor, Q Symphony, Motion Xcelerator and much more. Additionally, it comes with a solar cell remote and multiple voice assistants for smarter control.
•  Samsung 138 cm (55 inches) D Series Crystal 4K Vivid Pro Ultra HD Smart LED TV: Watch your favorite content in 4K resolution with Samsung 138 cm (55 inches) D Series Crystal 4K TV. It comes with features such as 4K upscaling, Crystal Processor 4K, AI Energy mode and much more.
•  Sony 139 cm (55 inches) BRAVIA 2 4K Ultra HD Smart LED Google TV: Experience stunning visuals with 4K Ultra HD resolution, powered by the 4K Processor X1 and MotionFlow XR 100 for seamless clarity and vivid colors. Additionally, immerse yourself in rich audio with Dolby Audio and Open Baffle speakers, ideal for gaming, movies, and more along with smart features like Google TV, Chromecast, Apple AirPlay, easy access to Alexa and more.
•  Sony BRAVIA 2 Series 108 cm (43 inches) 4K Ultra HD Smart LED Google TV: Enjoy breathtaking 4K Ultra HD clarity with vibrant visuals, enhanced by the 4K Processor X1 and Live Color technology. Additionally, get easy access to seamless entertainment with Google TV, built-in Chromecast, and smart integrations like Alexa, Google Assistant, and Apple AirPlay.
•  TCL 139 cm (55 inches) Metallic Bezel-Less Series 4K Ultra HD Smart LED Google TV: Experience immersive entertainment with this 4K Ultra HD Google TV featuring a vibrant UHD LED panel for stunning visuals. It is designed with a metallic bezel-less frame, Dolby Audio sound, and multiple eye care technologies for a premium viewing experience.
•  Vu 139cm (55 inches) Vibe Series QLED 4K Google TV: With an integrated soundbar, this smart TV comes equipped with features such as Dolby audio, five sound modes, voice assistant remote and more.

IDBI Bank Limited – Q3 FY 25 Financial Results

Mumbai, January 20, 2025: The Board of Directors of IDBI Bank Ltd. met in Mumbai today and approved the financial results for the Quarter and Nine monthEnded December 31, 2024.

•  Net profit at ₹1,908crore, YoY growth of 31%.
•  Operating Profitat ₹2,802crore, YoY growth of 20%.
•  NIM stood at 5.17%, YoY growth of 45 bps.
•  Cost of Deposit stood at 4.63%
•  Cost to Income ratio stood at 43.71%, down from 47.22% YoY.
•  CRAR stood at 21.98% with YoY growth of 166bps.
•  Return on Assets (ROA) stood at 1.99%, YoY growth of 29bps.
•  Return on Equity (ROE) stood at 20.13%, YoY growth of 56bps.
•  Net NPA down to0.18%,YoY reduction by16 bps.
•  Gross NPA down to3.57%, YoY reduction by 112 bps.
•  PCR stood at 99.47%, YoY improvement by 30 bps.

Operating Performance for Q3of FY 2025

•  Net Profit improved by 31% in Q3 of FY 2025to ₹1,908crore as against net profit of ₹1,458 crore in Q3 of FY 2024.
•  Operating profit improved by 20%inQ3 of FY 2025to ₹2,802as against₹2,327 crore inQ3 of FY 2024.
•  Net Interest Incomeimproved by23% in Q3 of FY 2025to₹4,228crore as against₹3,435 crore inQ3 of FY 2024.
•  Net Interest Margin (NIM)improved by 45 bps inQ3 of FY 2025to 5.17% as compared to 4.72% inQ3 of FY 2024.
•  Cost to Income ratiodownby 351 bps inQ3 of FY 2025to 43.71% as against 47.22%in Q3 of FY 2024.
•  Cost of Deposit stood at 4.63% inQ3 of FY 2025as compared to 4.34% inQ3 of FY 2024.
•  Cost of Fundsstood at 4.82% inQ3 of FY 2025as compared to 4.60% inQ3 of FY 2024.

Business Growth

•  Total Deposit increased to ₹2,82,439 crore as on December 31, 2024 as against ₹2,58,442 crore as on December 31, 2023 registering a growth of 9%
•  CASA increased to₹1,30,899crorefrom₹1,28,962crore on YoY basis, reporting a growth of 2%. CASA ratio stood at 46.35%.
•  Net advances grew by 18% YoY to ₹2,06,807crore as on December 31, 2024as against ₹1,75,001cras on December 31, 2023.
•  The composition ofcorporate v/s retail in gross advances portfolio was at29:71as on December 31, 2024as against 29:71as onDecember 31, 2023.

Asset Quality

• Gross NPA ratio improved to 3.57% as on December 31, 2024as against4.69% as on December 31, 2023.
•  Net NPA ratio improvedto0.18% as on December 31, 2024as against0.34% as onDecember 31, 2023.
•  Provision Coverage Ratio (including Technical Write-Offs)improved to 99.47% as on December 31, 2024from 99.17% as onDecember 31, 2023.

Capital Position

•  Tier 1 capital improved to19.91% as on December 31, 2024as against 18.04% as onDecember 31, 2023.
•  CRARimproved to21.98% as on December 31, 2024as against20.32% as on December 31, 2023.
•  Risk Weighted Assets (RWA) stood at ₹1,87,678crore as on December 31, 2024 as against ₹1,72,145 crore as onDecember 31, 2023.

Significant Developments

•  IDBI Bank was adjudged Runner Up in Best Digital Performance & Innovations and Best ESG Initiatives in the Large & Mid-Sized Bank segment at the ASSOCHAM 19th Annual Summit & Awards- Banking & Financial Lending Companies.
•  IDBI Bank inaugurated ten Business Correspondent managed Banking Outlets called IDBI SAMEEP offering basic banking products and thus enhancing the Bank’s footprint in a capital light model.
•  IDBI Bank launched a feature of booking flights through IDBI Go Mobile+ Application with attractive offers and deals.

Himani Shivpuri Adopts Her Paternal Village – January 2025

Himani Shivpuri, beloved for her role as Katori Amma in &TV’s Happu Ki Ultan Paltan, is not only a renowned actress but also a compassionate individual with strong ties to her roots. Recently, she took a significant step to give back to her homeland by adopting her paternal village, Bhatwadi, located in Uttarakhand’s Rudraprayag district, with the support of the PravasiUttarakhandi Council. Her goal is to revitalise the village and create sustainable opportunities, particularly as many young people have moved to cities in search of work, leaving behind an aging population, including many elderly women. The veteran actor’s efforts reflect her deep commitment to development, sustainability, and preserving the heritage of her beloved Bhatwadi. Speaking about this meaningful initiative, Himani Shivpuri, also known as Katori Amma, shared, “Bhatwadi holds a special place in my heart. It is not just my paternal village but also the canvas for many of my childhood memories. It saddens me to see the village lose its vibrancy as young people leave in search of better opportunities. Today, the village is primarily home to older residents who often feel disconnected and unsupported. The elderly possess so much knowledge and skill that could be used in areas like organic farming, handicrafts, or even running homestays for tourists. These ventures could offer them financial independence and a renewed sense of purpose. I believe it is my responsibility to step in and help make a difference. One of my main focuses is to revive agricultural practices, especially orange farming, which thrived in the village when I was younger. I have vivid memories of the lush orange orchards that once defined Bhatwadi, but sadly, they have disappeared over time. I plan to reintroduce orange farming and explore modern techniques to enhance both yield and quality, which could bring economic growth and employment to the village.”
Additionally, Himani aims to promote terrace farming, a traditional practice in the region. She explained, “Terrace farming is a sustainable way to utilize the hilly terrain while being environmentally friendly. I want to collaborate with agricultural experts to train villagers in advanced farming techniques and introduce crops suited to our climate and soil. This will not only generate new job opportunities but also encourage young people to return home. This is a collective effort, and the participation of the villagers is crucial. Together, we can transform Bhatwadi into a model village where tradition and progress go hand in hand. Our villages are the foundation of our culture and identity. By nurturing them, we nurture our future. I encourage everyone, especially the PravasiUttarakhandis, to consider how they can contribute to the development of their native villages. Together, we can restore the vitality and spirit of our communities, ensuring a brighter future for generations to come.”

Auxilo registers over 95% CAGR in Overseas Education Loans in Gujarat

Ahmedabad, January 20, 2025: Auxilo Finserve, the leading education finance NBFC, has registered a CAGR of over 95% growth in Gujarat in the last three financial years. The company will soon increase its customer touch-points across key locations to meet the growing demand and facilitate faster processing of loans.

Shweta Guru, CBO – Overseas Loans, Auxilo informed “Post-pandemic, there has been an exponential growth in student numbers for overseas education, and to meet this increasing demand, we have planned to gradually expand our branch network in Gujarat”.

In Gujarat, Auxilo caters to students across important locations such as Surat, Navsari, Bardoli, Vapi, Bharuch, Ankleshwar, Baroda, Nadiad, Anand, Ahmedabad, Gandhinagar, Meshana, Kadi, and Kalol. The company will soon add Rajkot, Jamnagar, Bhavnagar, and Baroda to its existing network, along with its regional headquarters in Ahmedabad.

Nearly 1,05,600 students travelled abroad in 2023 from Gujarat registering a growth of 11.8% from 2022 with 94,400 students.

“With loan amounts ranging from ₹35 to ₹1 crore, students usually opt for leading universities in the US, UK, Canada, Ireland, and Australia” added Ms. Guru.

As per data, the top courses preferred by Indian students are Master in Computer Science, Master in Information Systems, Master in Business Administration, Master in Business Analytics, and Master in Data Science among others.

As per industry reports, over 1.3 million Indian students travelled to overseas destinations to pursue higher education in 2024, indicating a strong growth from 7,50,000 students in 2023.

To date, Auxilo has provided education loans to over 12,000 aspirational students, across more than 1100 Universities and education institutes in over 25 countries. The company has also provided finance to over 170 educational institutes for their infrastructure expansion and working capital requirements.

In July 2024, Auxilo Finserve raised $30 million in its second round of funding from LeapFrog Investments along with existing investors such as Trifecta Leaders Fund I and Xponentia Opportunities Fund-II.

The company’s Assets under Management (AUM) for FY 2020-23 has grown at ~82% CAGR (Compound Annual Growth Rate) and currently stands at INR ~3604 crore.

Auxilo Finserve is promoted by Akash Bhanshali of ELME Advisors LLP and co-invested by Balrampur Chini Mills Ltd.

Bank of Baroda Launches 5 All-Women Branches in Odisha and Jharkhand

Bhubaneswar, 20th January 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of five all-women bank branches under the motto “By Women, For Women” in the states of Odisha & Jharkhand. These branches, staffed entirely by women employees, are designed to create a supportive and empowering environment for both the Bank’s women employees and women customers as well as general customers at large. The Bank is opening three such branches in Odisha and two in Jharkhand. Out of the 5 branches, three are urban branches and two are rural.

This initiative is a part of the Bank’s ongoing commitment to empowering women, unleashing their true potential, and promoting gender parity. Encouraging women employees to take the lead in managing the overall operations of these branches, gives them greater opportunities for professional growth and to aspire for higher leadership roles in the Bank.

While the five all-women branches will welcome all customers, there will be a greater thrust towards servicing women customers and fulfilling their unique banking requirements. The branches will focus on empowering women customers through various tailor-made savings and loan schemes such as the Bob Mahila Shakti Savings Account, Bob Women Power Current Account, Baroda Mahila Swavalamban loan scheme for women entrepreneurs, and the Bob, SB Self Help Group.

The branches will promote various government schemes that support entrepreneurship & social security. The five all-women branches will also actively promote financial literacy & education through regular events, thereby increasing financial inclusion.

Speaking on the initiative, Ms. Beena Vaheed, Executive Director, Bank of Baroda said, “With the opening of five all-women branches in Odisha and Jharkhand, we are working towards building an environment, culture and ecosystem where women can flourish. Our all-women branches reflect Bank of Baroda’s deep commitment to empowering women – both as employees and customers. These branches provide our women employees with a platform to aspire, innovate and excel, while also prioritising and expanding women’s access to financial services. I am excited about the possibilities this will create in building a more inclusive and equitable future for all.”

The newly inaugurated branches are located at Niladri Vihar (Bhubaneswar), Khunta (Cuttack), Irba (Ranchi), Dhanupali (Sambalpur), and Jamshedpur Women’s College (Jamshedpur).

Purnam’s Winter Edit at The Claridges Showcases the Beauty of Indigenous Craft and Elegant Luxury

Purnam is delighted to announce its much-anticipated Winter Edit, taking place on February 8, 2025, at The Claridges, New Delhi. This year’s exhibition promises to be a grand celebration of indigenous artistry, featuring a diverse selection of handcrafted products, fashion, and lifestyle essentials that embody timeless elegance and creativity.

This edition features an impressive lineup of celebrated designers and brands, including Urvashi Kaur, known for her contemporary and sustainable designs; Poonam Bhagat, whose chic ethnic wear blends tradition with modernity; Satya Paul, a name synonymous with artistic and bold prints; and Abraham & Thakore, celebrated for their minimalist sophistication. Attendees can also explore unique offerings from BeachBum, Zanzibar Living, Vanilla Moon, Tulip, Yumi, Harmeet Bajaj and more. In addition to luxury fashion and home décor, the Winter Edit will include a thoughtful selection of lifestyle products, wellness experiences, and artisanal crafts, ensuring there’s something special for every visitor.

The Winter Edit is more than just an exhibition of beautiful objects; it is a celebration of social responsibility. Purnam is deeply committed to making a meaningful social impact, and this year’s event will feature partnerships with several NGOs that support women artisans, children’s education, and sustainable livelihoods. The exhibition will collaborate with Naari Shakti, an initiative that empowers women artisans through skill development, as well as Udayan Care, which provides education and care to underprivileged children. Additionally, Pravān – Candles of Hope, a social enterprise focused on sustainable production, will also be part of the showcase. These partnerships reflect Purnam’s ongoing dedication to creating positive change through the power of commerce and collaboration.

Founded in 2006 by Saroj Bhatia, Sarita Baluja, Indu Gupta, and Jani Dhingra, Purnam has always focused on elevating the voices of indigenous artisans, preserving traditional craftsmanship, and promoting the values of sustainability. Over the years, Purnam has become a revered platform for emerging designers and artisans, providing them with a space to showcase their work while fostering a strong sense of community. Over the past several editions, Mystic Events by Sonali Amla and Team Purnam have joined forces to create vibrant and immersive showcases that resonate with both creators and visitors alike, setting a benchmark for luxury exhibitions.

Purnam’s Winter Edit at The Claridges is set to be an unforgettable event that combines artistry, luxury, and social consciousness. Whether you’re looking to add timeless pieces to your wardrobe, find distinctive home décor items, or discover sustainable gifting options, Purnam’s Winter Edit will offer something truly special for every visitor.

JW Marriott Kolkata Brings the Vibrant Essence of Chor Bazaar to Life with ‘Shor Chaat Story

This January, JW Marriott Kolkata invites you to embark on an extraordinary culinary journey through the bustling lanes of India’s most famous Chor Bazaars with its unique event, Shor Chaat Story. From January 25th to February 2nd, indulge in a gastronomic carnival that reimagines the charm and chaos of India’s iconic street food culture.
A Celebration of India’s Street Food Heritage
With a theme inspired by the vibrant bazaars of cities like Mumbai, Delhi, Indore, Hyderabad, and Kolkata, Shor Chaat Story offers an experience unlike any other. Guests will enter a carnival-like atmosphere styled to resemble traditional Chor Bazaars, with vintage decor, quirky signboards, and an ambiance rich with nostalgia.

Each day celebrates the iconic street foods of a specific city, including:

•  Mumbai’s Chor Bazaar: Famous Vada Pav and Missal Pav
•  Delhi’s Chandni Chowk: Karare Aloo Tikki and Matra Kulcha
•  Indore’s Sarafa Bazaar: Bhutta Ka Kees and Gararu Chaat
•  Hyderabad’s Sultan Bazaar: Hyderabadi Toast Chaat and Pesarattu
•  Kolkata’s New Market: Puchkas, Club Kachori, and Jhaal Muri

A Flavorsome Affair
The thoughtfully curated menu showcases over 20 iconic dishes, highlighting the diverse flavours of India’s rich culinary heritage. Each chaat is crafted with authentic ingredients, offering a delicious blend of local tastes and cultural flair.
Date: January 25, 2025 – February 2, 2025
Time: 4:00 PM – 8:00 PM
Venue: 2:Fifty9 The Bar – Alfresco

Celebrate the flavours, stories, and nostalgia of India’s iconic chor bazaars at JW Marriott Kolkata and make your evenings memorable with this one-of-a-kind street food journey!

SBI General Insurance Posts an Impressive 273 Percent PAT Growth in 9M FY25

Mumbai; January 20, 2025: SBI General Insurance, one of India’s leading general insurance companies, has delivered a robust financial performance during the first nine months of FY25. The company reported a Profit After Tax (PAT) of INR 504 crore, reflecting an impressive year-on-year growth of 273%.

The company’s strong performance is evident across key financial indicators. Its gross written premium (GWP) rose by 10.9%. The gross direct premium (GDP) growth of 10.5% exceeded the industry growth rate of 7.8%. SBI General’s solvency ratio remains strong at 2.12 times, well above the regulatory minimum of 1.50, underscoring the company’s solid financial foundation.

SBI General Insurance’s impressive financial results in 9M FY25 were primarily driven by robust growth across key business segments. The Motor Insurance portfolio achieved an impressive year-on-year growth of 39%, supported by enhanced underwriting strategies and the successful expansion of digital channels for seamless policy issuance and renewals. The Health Insurance segment grew by 12% due to rising healthcare awareness, increased demand for comprehensive coverage, digital adoption, and government policies. The company’s loss ratio improved significantly by ≈4% compared to 9M FY24 through better risk management, efficient claims processing, and data-driven strategies. These performance drivers underscore the company’s strategic focus on innovation and customer-centric solutions.

Commenting on the Company’s performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said “Our strong financial performance in 9M FY25 reflects our steadfast dedication to customer-focused innovation, operational excellence, and sustainable growth. The notable growth across our Motor, Health, and Engineering segments demonstrates our agility in responding to market trends and our commitment to delivering value to policyholders and stakeholders”

Mr. Jitendra Attra, CFO, SBI General Insurance, added: “Our consistent financial performance in 9M FY25 underscores disciplined underwriting practices, a collaborative team effort, and a strong focus on operational excellence. The significant increase in profitability and solvency highlights our robust business fundamentals and ability to foresee and adapt to a dynamic market environment. “

SBI General Insurance continues to build on its growth trajectory, leveraging a customer-centric approach, strong team collaboration, and a diversified product portfolio, all of which contribute to sustained profitability and a growing market presence.

Venugopal Nair Promoted to Chief Business Officer – OTC at Fixderma

New Delhi, January 20: Fixderma, the popular dermat-prescribed skincare brand is pleased to announce the promotion of Venugopal Nair to Chief Business Officer (CBO) for the OTC Division. Venugopal steps into this new role to lead and drive the growth of the OTC Division across India.

With over two decades of experience in the cosmetic and FMCG sectors, Venugopal has played an instrumental role in launching and scaling several major beauty and personal care brands across India. His passion for evidence-based products has paved the way for creating a strong foothold for some of the biggest beauty brands in the industry .

In his new role at Fixderma India Pvt Ltd, Mr. Venugopal will be responsible for the overall P&L management of the OTC Division on a national scale. His key focus will be to provide vision, leadership, and strategic direction, while fostering a high-performance sales culture across the team.

“We are thrilled to announce Venugopal’s well-deserved promotion to CBO-OTC. His extensive experience in the industry along with his deep understanding of the beauty sector, positions him perfectly to drive the continued success and growth of our OTC division. We are excited to see the impact of his leadership in shaping the future of our brand.” said Shaily Mehrotra, Co-Founder and CEO of Fixderma.

On his promotion, Venugopal Nair shared, “In a world inundated with fleeting beauty trends, I believe Fixderma stands out as a beacon of authenticity and scientific integrity, shaping the future of skincare. We are determined to make this brand a force to reckon with in the beauty industry, and I am excited to contribute to this vision.”