17, Jan 2024
Hitachi Payment Services launches its new financial inclusion initiative
Mumbai, January 17, 2024: Hitachi Payment Services, India’s leading payments and commerce solutions provider today launched its financial inclusion business to redefine access to financial services for the underbanked and unbanked sections of society. Through this strategic launch, the company has added a critical extension to its existing bouquet of services and will further drive inclusive growth.
List of services includes – Aadhaar Enabled Payment Services, Micro ATM Services, Domestic Money Transfers, Mobile & DTH Recharges, and Bill Payments
For the initial launch, Hitachi Payment Services has partnered with YES BANK, demonstrating its commitment to collaborative efforts for financial inclusion. The partnership leverages YES BANK’s strong banking expertise and Hitachi Payment Services’ extensive network and technology infrastructure to provide reliable and secure financial services to the underserved.
The financial inclusion business will be operated under the brand ‘Hitachi Money Spot Plus’ through a network of retailers called Hitachi Partners and will have a strong focus in Tier 3 to Tier 6 towns across the country. Driving financial empowerment and innovation, the array of services under financial inclusion business has been made available through its comprehensive app ‘Hitachi Money Spot Plus’ on Google Playstore. The app provides a convenient one-stop platform for financial services and this digital approach complements the Hitachi Partners network, ensuring accessibility and seamless service delivery across the country.
On the launch of the financial inclusion initiative, Anuj Khosla, Chief Executive Officer – Digital Business, Hitachi Payment Services, said, “The remarkable growth of internet penetration and financial literacy in India, especially in our rural communities, presents an urgent call for a resilient payment infrastructure that can keep pace with this rapid expansion. Retailers and merchants are the last mile touchpoints, enabling easy access to finance for customers. Recognizing this, we are extending our services to include financial inclusion initiatives. In essence, we are not just building a payment infrastructure; we are building bridges to financial empowerment and contributing to the nation’s progress.”
Mr. Naveen Chaluvadi, Chief Digital Officer at YES BANK, said “YES BANK has partnered with Hitachi Payment Services to launch Hitachi Money Spot Plus as part of our commitment to promote financial inclusion. This initiative is aimed at enabling financial transactions at hinterlands, focus on taking digital benefits to last mile in an assisted digital mode”.
Anuj Saraswat, Business Head, Financial Services & Inclusion, Hitachi Payment Services, stated “At Hitachi Payment Services, innovation and financial empowerment are the guiding principles that drive everything we do. We believe that everyone should have access to the financial tools and resources that they require to progress, and we are committed to using technology to make that a reality. Our mission is to bridge the financial divide to empower individuals and communities to thrive. With ‘Hitachi Money Spot Plus’ we have embarked on a transformative journey to build a more inclusive financial ecosystem in India.”
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- By Rabindra
17, Jan 2024
An artsy paradise – Art Aura at Infiniti Mall Malad
Infiniti Mall, the one stop shop for all Mumbaikars’ food, shopping and entertainment requirements, recently drew the curtains on Art Aura – An art exhibition hosted at the mall’s Malad location in association with L.S. Raheja School of Art.
Celebrating 70 glorious years of Arts & Crafts Education Society, the exhibition was inaugurated by eminent painter, cartoonist, caricaturist, and illustrator, Mr. Prabhakar Wairkar. The week-long art exhibition received overwhelming responses from visitors and charged the atmosphere with artistic energy and spirit. A variety of workshops on diverse realms of art such as block print, stencils, calligraphy, paper quilling and more were organized, for visitors to grasp the skill set for various styles of art.
The students, alumni and faculty members of L.S. Raheja School of Art was seen actively participating through the exhibition. An eye-catching lineup of artwork and paintings highlighting superior craftsmanship and expressiveness was another highlight which brought large crowds flocking to browse through the awe-inspiring display.
17, Jan 2024
YES BANK marks historic milestone: Becomes first Indian Bank to conduct Export Finance Transaction
Mumbai, January 17, 2024: YES BANK becomes the first Indian Bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA). This strategic partnership facilitates arranging credit for exporters & importers from both Indian and Global Institutions through Factoring, Forfaiting, and other trade financing services at competitive pricing with quick turnaround using a digital platform. This is the first transaction on the ITFS platform in collaboration with any bank in the country.
Talking about the partnership, Mr. Ajay Rajan, Country Head – Government, Multinational & International Business, Transaction Banking & Knowledge Units at YES BANK, said “We are delighted to be a part of this key strategic milestone. The collaboration between YES BANK and RXIL is a testament to the Bank’s commitment towards digitalisation and fostering cross border business. We strongly believe that this product is set to redefine the landscape of international trade finance and through this, the Bank reinforces its commitment to contribute and align with the Government’s aim to make India a global trade finance powerhouse.”
Mr. Ketan Gaikwad, Director of RXIL Global IFSC Ltd and MD & CEO of RXIL, said “RXIL is at the forefront of driving transformative change in the cross-border trade finance. The setting up of the ITFS in IFSC, GIFT City Gujarat is aimed at tapping global capital flows to meet India’s development needs and simultaneously provide a globally competitive financial platform for the full range of international financial services at the regional and global level. Our collaboration with YES BANK, coupled with digital banking capabilities, will play a pivotal role in achieving our mission of intensifying India’s Trade finance landscape by making competitive credit available to Exporters and Importers.”
This partnership signifies a new era in cross-border payments, providing a seamless and efficient platform supporting the growth and development of Indian and global enterprises in unleashing their full potential towards global trade and commerce under the envision of IFSCA.
17, Jan 2024
VitrA Istanbul – A Celebration of East-West Collaboration in Bathroom Luxury
VitrA, the internationally acclaimed leader in bathroom solutions, proudly unveils its masterpiece, VitrA Istanbul, a collaboration with the visionary designer Ross Lovegrove. This collection stands as a testament to the convergence of East and West, drawing inspiration from the dynamic city of Istanbul and reflecting the diverse cultural essence that shapes VitrA’s legacy.
Renowned for his mastery of creating organic, sculptural shapes through cutting-edge technology and materials, Ross Lovegrove has once again pushed the boundaries of design with the VitrA Istanbul collection. The recipient of numerous prestigious awards, Lovegrove has seamlessly woven together tradition and innovation to craft a series that is not only aesthetically stunning but also pays homage to the vibrant spirit of Istanbul.
Istanbul, a city of great contrasts and diversity, serves as the muse for this exceptional collection. In the VitrA Istanbul series, each piece reflects the unique identity of the city, where East meets West and history meets modernity. The design captures the essence of Istanbul’s architectural heritage, creating a timeless and sophisticated bathroom experience that resonates with individuals seeking a harmonious blend of tradition and contemporary style.
Inspired by the fluidity of water, Lovegrove brings a new perspective to his award-winning series with fresh forms and features. The VitrA Istanbul collection seamlessly integrates elements from nature, offering a unique and immersive experience in bathroom design. The result is a set of exquisite products that not only enhance functionality but also elevate the overall ambiance of any bathroom space.
VitrA Istanbul stands as a true masterpiece, a celebration of cultural diversity, and a symbol of the company’s commitment to pushing the boundaries of innovation. This collection represents a union of artistry, craftsmanship, and cutting-edge technology, offering a luxurious and transformative experience for those who appreciate the finer things in life.
Join us in embracing the fusion of East and West, tradition, and innovation as VitrA proudly presents the Istanbul collection, where bathroom design becomes a journey of inspiration and sophistication.
17, Jan 2024
A Collaborative Initiative to Co-create Excellence: FIIB and SETU Launch PGD Course in Data Science & AI
New Delhi, January 17, 2024: In a groundbreaking move to meet the surging demand for skilled data scientists and AI specialists, the Fortune Institute of International Business (FIIB), in collaboration with SETU, successfully inaugurated and commenced its 1st cohort of the PGD Data Science & AI course on January 14, 2024. As businesses evolve in the digital age, the imperative for a program like SETU-FIIB’s PGD in Data Science & AI becomes evident. The collaboration between FIIB and SETU stems from a shared vision of bridging the skill gap and empowering learners to meet the escalating demand for data-intelligent professionals in the business world. The inaugural session, designed to help the audience explore opportunities and connect with industry experts, marks the beginning of a journey toward a rewarding career in the dynamic Data Science & AI field.
Presenting a powerhouse of industry and academic expertise, the inaugural session featured insights from eminent speakers. Their collective insight paved the way for a fulfilling journey ahead in data science and AI. In her own words, Ujjaini Mitra, Founder of SETU, shed light on the inspiration behind SETU’s name,” SETU bridges the skill gaps through industry-oriented hands-on experiential training by top industry experts and data practitioners.” She further stressed the meaningful collaboration with FIIB and the shared commitment to paving successful career paths for learners.
Prof. Radhika Shrivastava, Executive Director, FIIB, emphasizing the strength of the partnership, expressed, “SETU, with its deep understanding of the field, and FIIB, with three decades of academic experience crafting success for its learners, have worked together to curate a unique program. This program seamlessly combines academic rigor with real-world industry insights, promising a transformative journey for those aspiring to excel in the dynamic landscape of data science.”
Among other keynote addresses included Monish Mathpal – a seasoned Data Scientist; Gaurav Kejriwal – Vice President at EXL Analytics; Dr Subarna Roy – Associate partner, Quantum ambassador, IBM, and Biswajit Pal – Director – Data Engineering, Analytics & Insight at Tata CLiQ, who shared common insights with the batch emphasizing programming jargons, real-life case studies, the significance of mentors, and the perpetual importance of continuous learning in the dynamic field of data science and AI, urging learners to stay ahead. Following the insightful addresses, the batch interacted with course curators, instructors, and the course commander,” buddy”, ensuring learners receive guidance and support for their immersive journey.
Data Science And Artificial Intelligence: A wise choice for today’s learners!
As businesses enter the digital age, the demand for highly proficient data scientists and AI specialists has grown exponentially. With lucrative job prospects, cutting-edge salaries, and a competitive advantage in the job market, students equipped with these specialized skills find themselves at the forefront of the evolving industry.
Growing job market
With the increasing reliance on data-driven decision-making and Artificial Intelligence advancements, businesses realize the power of data in the industry. There is a considerable demand for professionals with a vital Data Science and Artificial Intelligence foundation.
Cutting-edge salaries
There is no doubt that Indian talent is one of the most sought-after. At the entry level, data scientists earn an estimated median salary of INR 16.44 lakhs per annum (LPA), which has grown by 42.8% in the past few years. The industry is growing at a CAGR of 25% and has a $16B valuation.
Leading the way
Companies need specialized data scientists and AI scientists, and six out of ten hiring managers need help finding quality talent. In today’s competitive job market, learning DS & AI skills will keep you ahead.
Future-proof your career
Build a recession-proof career with this course. As a result of data science and generative AI, industries are transitioning from uninformed professionals to those well-versed in these technologies.
Everything You Need To Know About PGD In DS & AI at SETU-FIIB
Whether you are a Thought Partner or a Functional Leader, this course is for you. The program teaches learners to critically evaluate and use data science and artificial intelligence in appropriate contexts, including processes, systems, algorithms, technologies, and insights. The course, available online or in a hybrid format, includes 1-0-1 mentorship, internships, and live industry projects, guaranteeing practical experience and a resume that attracts recruiters.
Key Program Highlights:
- Duration: 11-month course with optional 6-month AI specialization.
- Mode of Learning: Instructor-led online classes, accommodating flexible schedules.
- Internship: Guaranteed internships or live industry projects for practical experience.
- Certificate: 11 months DS certification with an optional specialization in advanced and generative AI.
- Data Lab: 50+ Real Business Case Solving using preoperatory Open-AI Integrated Data Environment on Cloud.
- Curriculum: Designed and assessed by top industries and academia to align with industry requirements.
- Fees: INR 250,000 for the 11-month PGD in Data Science and INR 150,000 for the 6-month AI specialization.
17, Jan 2024
TABPS Pets Private Limited has secured a noteworthy funding of Rs 6.5 Crores
TABPS Pets Private Limited, a leading pet food company based out of Coimbatore, is pleased to announce the successful completion of its seed round, raising an impressive Rs 6.5 crores in funding. The round saw significant interest from investors, including renowned cricketers Hemang Badhani and K.S Bharath.
TABPS Pets has established itself as a prominent player in the pet food industry, focusing on the manufacturing of pet treats and grooming products infused with the goodness of Ayurveda. The company’s commitment to quality and innovation has garnered attention, reflected in its successful fundraising. The funds raised will be utilized to enhance production capabilities, expand distribution networks, and invest in research and development to bring new and innovative products to pet owners.
Expressing his excitement about the successful fundraise, Brindha Prabhu, Founder and CEO of TABPS Pets, stated, “We are thrilled to have received such overwhelming support from our investors, including the esteemed Hemang Badhani and K.S Bharath. This funding will play a pivotal role in propelling our mission to provide pet owners with high-quality, Ayurveda-powered products for their beloved companions.”
Investors Hemang Badhani and K.S Bharath also shared their enthusiasm for being part of TABPS Pets’ journey. “We believe in the company’s vision and dedication to pet well-being. TABPS Pets has showcased remarkable growth, and we are excited to be a part of their continued success,” said Hemang Badhani.
17, Jan 2024
Santanu Agarwal, DMD of Paisalo Digital Limited, foresees a focus on priority sectors and green initiatives in Union Budget 2024
By Mr. Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited.
“As India approaches the upcoming Budget 2024 and the transformative era of the Lok Sabha Elections, a promise of prosperity and resilience beckons. Anticipating a balanced yet growth-centric budget, we expect a focus on priority sectors, green initiatives and proactive support for the rural sector. This optimistic vision is set to drive inclusive development, environmental sustainability, and economic empowerment for all.
In alignment with the government’s commitment to sustainable development, the budget is likely to emphasize green projects and eco-friendly initiatives, reinforcing India’s dedication to environmental stewardship. Furthermore, targeted measures for the rural sector, coupled with visionary strategies for financial upliftment and social welfare, are anticipated.
In conclusion, the budget should be largely balanced with the upcoming elections, steering the nation toward a resilient, inclusive, and environmentally conscious future.”
17, Jan 2024
Quote for National Startup Day | Rubix Data Sciences
Quote from Mohan Ramaswamy, Co-Founder & Chief Executive Officer at Rubix Data Sciences
The past year has been a difficult one for start-ups the world over, and the Indian experience has been no different. Funding constraints, geopolitical uncertainty, and inflationary pressures made 2023 a challenging year for the start-up ecosystem. Unfortunately, many of these challenges will spill over into 2024 as well, particularly the drying-up of easy capital.
Having said that, the Indian start-up ecosystem is both robust and resilient. Founders now have a greater focus on profitability and strive to achieve sustainable unit economics. Unviable and inefficient ventures which depended on frothy capital to survive are seeing their values drastically marked down or are shutting their doors. In their place, we are seeing the emergence of start-ups that have a ruthless focus on financial discipline and cash conservation.
Indian start-up founders have shifted their attention to addressing real-world challenges such as climate change, renewable energy, manufacturing efficiency, information security, and productivity-enhancing AI innovations.
Combined with a very positive economic outlook for the country, the Government’s initiatives to promote entrepreneurship will help reinforce India’s position as the world’s third-largest start-up ecosystem.
16, Jan 2024
Mr Shreegopal Kabra, Managing Director of RR. Kabel, Felicitated at the Hurun India Most Respected Entrepreneurs Awards
16th January 2024, Bangalore: ~ Mr. Shreegopal Kabra has been felicitated with the award title ‘2023 Hurun India Global Entrepreneur of the Year’~National, January 15, 2024: – Mr. Shreegopal Kabra, Managing Director of RR Kabel, a leading brand in the Indian consumer electronics and wire & cable manufacturing industry, has been honoured with the 2023 Global Entrepreneur of the Year at the Hurun India Most Respected Entrepreneurs Awards ceremony, held in Mumbai on January 11th.
Mr. Kabra’s visionary leadership has been instrumental in RR Kabel Ltd.’s immense success in the consumer electronics and wires & cables space. His innovative strategies, and unwavering commitment to excellence, have played a key role in cementing the company’s standing as a prominent industry player.
Commenting on the accolade, Mrs. Kirti Kabra (Director at RR Kabel Limited) said, “We are all immensely proud of Mr. Shreegopal Kabra’ s three-decade long journey of excellence at RR Kabel. His stewardship has been vital to the growth and success of the company, and this prestigious honour from Hurun India is testament to his incredible dedication and vision.”
The Hurun India Most Respected Entrepreneurs Awards celebrates individuals who have demonstrated exceptional leadership, innovation, and impact within their respective industries. The awards aim to recognize leaders for significant contributions across the five core pillars of Impact & Sustainability, Lifestyle, Value, Art, and Wealth.
The awards ceremony took place at St. Regis, Lower Parel in Mumbai, with Mr. Shreegopal Kabra felicitated alongside a number of distinguished entrepreneurs across sectors.
16, Jan 2024
Mudrex Introduces Free Transfers from Binance for 200+ Tokens and Relationship Manager Support
BENGALURU, 16th January, 2024: Mudrex, a leading global crypto investment platform headquartered in Bengaluru and San Francisco, backed by Y-Combinator, announced that they’re offering support for over 200 tokens and introducing free and seamless crypto transfers from Binance, following the Financial Intelligence Unit’s show-cause notice to Binance and eight other crypto exchanges for non-compliance with anti-money laundering standards in India. This strategic move aims to empower crypto users on these international exchanges, ensuring their security and the safety of their digital assets.
One of the standout features of this release is the introduction of free and seamless crypto transfers from Binance. Mudrex users can now transfer their crypto assets from Binance without incurring any gas fees, ensuring it doesn’t eat into your profits, on top of being a streamlined process.
To further enhance user confidence and accessibility, Mudrex has also introduced one-on-one expert support. This personalized assistance is designed to cater to users handling larger amounts or those who may not be entirely comfortable with crypto transfers. The expert support ensures that users have a dedicated resource to guide them through the process, addressing any concerns and providing valuable insights.
Mudrex has emerged as the platform of choice for crypto enthusiasts, garnering significant attention and trust from users globally. The platform continues to prioritize innovation and compliance, ensuring that users can capitalize on the opportunities presented by the dynamic world of cryptocurrencies. The platform is also one of the earliest to register with the FIU in India. Mudrex also obtained virtual asset service provider license in the European Union and Organismo Agenti e Mediatori (OAM) registration in Italy.
Commenting on this, Mr. Alankar Saxena, CTO & Co-founder, said, “We are committed to providing our users with the most seamless and secure experience possible. And on top of being easy to use, we’ve also ensured our security measures are ironclad.
Firstly, we have enabled two-factor and biometric authentication measures so no one but you can access your account or your funds. Additionally, we enforce stringent compliance checks on every transaction to ensure your funds are completely safe. To tie this all together, we also use AES-256 encryption, a military-grade technology used by the top banks in the world.
The top priority for Indian investors right now is to have their assets in FIU-compliant entities as it gives them a localized experience and more importantly a way for legal recourse against fraudulent activity on their account. At Mudrex, we have created a seamless flow for users to transfer their funds from other exchanges while adhering to the highest safety and compliance standards”
