10, Jan 2024
SBM Bank India begins the New Year with special FD rates
Mumbai, January 10, 2024: SBM Bank India has introduced a special Fixed Deposit (FD) rate, to mark the beginning of the New Year for Resident and Non Resident Indians. This limited-time offer, effective from January 8 to January 23, 2024, presents an excellent opportunity for individuals and customers to seek best-in-class returns on their investments.
The special FD rates reflect SBM Bank India’s commitment to providing its stakeholders with competitive and rewarding financial solutions. The new rates are applicable for amounts less than INR 2 crore, for both Callable and Non-Callable FDs.
Under this special offer, individuals can stand to benefit from the following rates:
For a tenure of more than 3 years 2 days to less than 5 years: 8.25% p.a.*;
For shorter duration of 391 days to 15 months: 8.10% p.a*;
In addition, as a token of appreciation for senior citizens, SBM Bank India is offering an extra 0.5% benefit on the Special FD rates, exclusively for Resident Indian senior citizens.
SBM Bank India remains committed to delivering innovative and customer-centric banking solutions, to provide attractive investment solutions for a prosperous financial future of its stakeholders.
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- By Rabindra
9, Jan 2024
Strategic Alliance: SecurEyes Partners with Cyber Security Global to Expand Footprints in Latin America and Europe
Bangalore January 9, 2024: SecurEyes, a leading cybersecurity firm with a proven track record since 2006, is delighted to announce a strategic partnership with Cyber Security Global, a prominent cybersecurity firm in Europe and Latin America. The collaboration is geared towards fortifying leadership and guaranteeing comprehensive digital security solutions.
The expansion into Latin America and Europe signifies a significant milestone for the alliance between SecurEyes and Cyber Security Global highlighting both companies’ enduring dedication to innovation, excellence, and cybersecurity. Together, they will collaborate to offer advanced and customized solutions, assisting organizations in confronting security challenges in an ever-evolving digital landscape.
Speaking about the partnership, Seemanta Patnaik, Co-Founder and CTO of SecurEyes said, “SecurEyes is delighted to unveil a transformative alliance with Cybersecurity Global, extending our foremost cybersecurity consulting, advisory, and products to the vibrant landscape of Latin America. This strategic partnership opens a gateway for us to serve and empower clients across the region.”
Consequently, the alliance will provide comprehensive security solutions through meticulously designed tools and systems to support organisations’ cybersecurity strategies in various sectors. Whether in the private or public sector, regulatory bodies, insurance companies, banks, mining, retail, or other industries, Latin American and European companies can place their trust in a safer and more protected future in the digital world with Cyber Security Global and SecurEyes.
Jorge Seminario, Founder of Cyber Security Global, expressed his vision for the partnership. “Taking into account that the world lacks nearly 4 million cybersecurity experts (a significant figure), the knowledge, constant innovation, expertise in advising regulatory entities, public and private entities around the world, added to the training and academic education provided by SecurEyes, will allow us to offer a very important and highly topical added value to the regions of Latin America and Europe. With this association between Cybersecurity Global and SecurEyes, we will be able to update and elevate the professional standards in the region, meeting the demands of global digitalization”.
The approach at SecurEyes involves customizing products to meet each client’s unique requirements to establish a resilient defence against digital threats, guaranteeing that a profound understanding of the present cybersecurity landscape underpins strategic decisions. SecurEyes acknowledges the significance of a robust governance structure in ensuring the enduring effectiveness of implemented cybersecurity measures.
9, Jan 2024
Ishan Agarwal Joins CashKaro as Director – Brand & Creative
Mr. Ishan Agarwal, renowned for his role as the Brand Lead at OTTplay, has officially stepped into his new position as the Director of Brand & Creative at CashKaro. In this exciting move, Mr. Agarwal is set to bring his innovative approach and strategic prowess to elevate CashKaro’s brand identity.
Having made a significant impact in the OTT industry, Mr. Agarwal is well-regarded for his ability to craft compelling brand narratives and drive successful campaigns. His transition to CashKaro is anticipated to infuse a fresh wave of creativity into the e-commerce and cashback giant.
Mr. Agarwal’s experience and leadership in the OTT industry have positioned him as a dynamic professional with a keen understanding of consumer behavior and market trends. His strategic insights and creative acumen will play a pivotal role in elevating CashKaro’s brand positioning and engagement.
9, Jan 2024
10clubhomes welcomes Kavitha Rao as Co-Founder & COO to Drive Strategic Growth and Expansion
Bengaluru, 9th, January 2024: 10Clubhomes, a leading consumer goods brand for everything Home & Kitchen, today announced the appointment of Kavitha Rao as their new Co-founder and Chief Operating Officer. Kavitha brings over two decades of leadership experience gained through her journey across various leadership roles in the retail and consumer industry. In her new role with 10clubhomes, Kavitha will lead various business functions to drive growth and profitability.
In addition to this, she will play a pivotal role in spearheading the company’s retail expansion plan across both online and offline channels, doubling down on the category roadmap and leading high-performance daily operations to further grow 10clubhomes in the dynamic Indian retail and consumer market. Prior to this, Kavitha Rao was the Managing director of Accenture’s Retail division where she led the retail industry practice and supported retailers in their transformation journey across business, technology and operations.
Kavitha also worked at IKEA for 7.5 years, where she was part of the India management team in their start-up phase in India. In her last role as Chief Commercial Officer, she was responsible for the business functions of Sales, Marketing, Sourcing, Merchandising, Retail Design, Customer Experience and Food business across both physical and online retail channels; focused on build the IKEA brand. Holding an MBA from IIM Lucknow, she brings a wealth of experience from her consulting roles at Infosys, Capgemini, and Accenture, where she focused on transforming the businesses of various global retailers and consumer companies.
Commenting on the announcement, Bhavna Suresh, Founder, 10clubhomes said, ‘’When Kavitha and I discovered that we shared the goal of building a homegrown consumer business in the Home & Kitchen category for India, our shared vision inspired us to join forces. I am thrilled that we have come together, because with Kavitha’s extensive expertise and successful track record in the retail and lifestyle industry, it is going to be a much more enjoyable experience building to disrupt this extremely large opportunity. I am immensely grateful to have found a partner of her caliber as she embarks on her entrepreneurial stint. The board and team at 10clubhomes are fully committed to supporting and empowering her as she takes on the mandate with the focus on expansion of the brand, while ensuring explosive growth with a firm hand on profitability.”
Speaking on her appointment, Kavitha Rao, Co-founder and COO, 10clubhomes said “As the new Co-founder & COO, I am extremely excited for the unlimited opportunities that lie ahead. Together with Bhavna and the entire team at 10clubhomes, I look forward to expanding our footprint across the country with the intent to make high quality home and kitchen products at incredible prices, accessible across all consumer touchpoints. I am committed to steering us towards new heights as I embark on this journey of making 10clubhomes India’s go to consumer brand for everything home and kitchen.”
Highlighting the growth potential in the Home category, Kavitha added, “The projected CAGR of 12-15% over the next 5 years underscores the promising trajectory of the Home category, driven by increased consumer spending and the evolving aspirations of Indian consumers for their homes. Going forward, the commitment is to be where our consumers are – whether online or offline. We already have a presence in market places across India, in addition to our own website. We are exploring partnerships and collaborations to build our physical presence and will also explore our own stores. Further, we are actively exploring distribution possibilities for specific products in our range. All these initiatives align with our ambitious goal of becoming a 1000 crore brand in the coming years.’’
Under Kavitha’s leadership, 10clubhomes aims to meet the evolving needs of Indian consumers with a strategic focus on brand-building, expansion, product design, and technology to enhance the shopping experience. Various initiatives focussed on deeper market penetration, category expansion and cost optimization will enable 10clubhomes to become a 1000 crore brand in the coming years.
Valued at $30 billion, India’s Home and Kitchen industry is rapidly expanding, yet it predominantly exists as an informal category. Recognizing the market potential, 10clubhomes has recently announced a strategic pivot for the next phase of growth with a strong focus on organizing and bringing structure to the informal industry, aiming to become the most trusted and go-to brand for everything home and kitchen across every corner of India.
9, Jan 2024
Vidhi Singhania Unveils a Regal Winter Statement with the Exquisite Pashmina Collection
January, 2024:-
As the winter season is still on, Vidhi Singhania, renowned for her exquisite, and timeless designs, introduces an opulent addition to wardrobes with the launch of her Pashmina collection. The new line celebrates the rich legacy of Pashmina weaving, entwined with the artistry of Kashmiri hand embroidery.
Embracing the essence of warmth and sophistication, the collection presents some luxurious Pashmina sarees, meticulously crafted to elevate winter fashion. Vidhi Singhania’s pieces not only exude elegance but also pay homage to the centuries-old heritage of Pashmina weaving techniques.
Each creation is a labor of love, meticulously handcrafted by skilled artisans, showcasing intricate embroidery that speaks volumes about the craftsmanship passed down through generations. From classic designs to contemporary motifs, these pieces encapsulate the fusion of tradition and modernity, offering wearers a chance to make a style statement.
Speaking about the new collection, Vidhi Singhania said, “At Vidhi, we aim to bring the finest textiles and crafts to the world, keeping our traditions and techniques alive. Our new collection celebrates the weaving heritage of pashmina as well as the exquisite intricacy of Kashmiri hand embroidery, bringing in our timeless heritage. We believe in crafting every piece with finesse, bringing out the unique and individual characteristics of each textile.”
From the looms of Kashmir to the closets of fashion enthusiasts, the Pashmina collection by Vidhi Singhania promises a blend of comfort, luxury, and artistry. It’s an ode to the enduring charm of Pashmina, encapsulating the beauty of heritage weaving techniques combined with contemporary aesthetics.
9, Jan 2024
StoxBox top auto picks for 2024: Ashok Leyland, Hero MotoCorp & Minda Corporation
The automotive industry saw strong performance in FY24, driven by EBITDA margin increase and premiumization strategies. Domestic auto players outperformed export-oriented rivals in Q2FY24. The Indian passenger vehicle market experienced significant growth, but sustaining momentum in FY25 is expected to be challenging.
Dhruv Mudaraddi, a research analyst at StoxBox says: “PV OEMs intend to raise retail prices beginning in January 2024 because of increased input costs. The demand dynamics in FY25 are anticipated to be greatly impacted by this price spike.”
“FY24 is predicted to be a record year for commercial vehicle sales due to more government spending on freight and infrastructure. Two Wheelers’ domestic sales increased 17% YoY to 159 Lakh units in FY23, with modest growth expected in FY24 and FY25”, adds Dhruv.
Top Picks for 2024
Ashok Leyland, Hero MotoCorp, and Minda Corporation are the top picks for the 2024 according to StoxBox. Dhruv offers his recommendations: “Ashok Leyland grew 10% YoY in Q1 2024, with revenue targets of Rs 800-1000 crores as a result of the change to a new tax regime. Hero MotoCorp expects to boost volumes in the second half of FY24 in anticipation of increasing demand for luxury motorcycles and scooters during the post-festival season.”
“With its strong order book and EV-ready products, Minda Corporation’s growth is expected to surpass 20% over the next three to five years,” Dhruv goes on.
The automotive industry’s future in 2024 is complex, requiring creative thinking and proactive responses to market changes. Organizations with flexibility, inventiveness, and strategic direction are recommended.
9, Jan 2024
HASETRI certified as world’s first Proficiency Testing Provider of Tyres
Bengaluru, January 09th, 2024: Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI), becomes world’s first accredited Proficiency Testing Provider (PTP) for Rolling Resistance Tests by the National Accreditation Board for Testing and Calibration Laboratories (NABL). The unique certification is awarded according to ISO 17043:2010 standards for the testing of three key categories that is C1 (passenger car tyres), C2 (light truck tyres), and C3 (heavy truck tyres). The recognition is based on the evaluations of various parameters under Chemical and Mechanical sub-disciplines at HASETRI.
The significant certification, valid from November 30th, 2023, to November 29th, 2025, positions HASETRI at the forefront of proficiency testing power, reinforcing its commitment to excellence in the field of elastomer and tyre research. The achievement highlights HASETRI’s dedication to employing simulation and prediction techniques to optimise product performance and design cycle time.
Speaking on this momentous occasion, Dr. Raghupati Singhania, President HASETRI said, “HASETRI’s success in garnering accreditation as a Proficiency Test Provider is a testament to our continuous pursuit of quality and innovation. The recognition is a strong reflection of our laboratory and our team’s commitment towards developing world class standards in areas of overall personnel competency and allows for peer group comparisons of test results”. Our organization with a dedicated R&D team of Scientists and Engineers are deeply involved in developing technology for Tyre and other Rubber Products in India.
The accreditation services for Proficiency Testing Providers (PTP) is awarded in a range of disciplines, including Testing, Calibration, Medical, and Inspection. The process involves a formal recognition of technical proficiency for specific tests or measurements, with evaluations conducted by external parties in adherence to international standards. It is one of the evaluation tools for National Accreditation Bodies to judge the competence of the laboratory under accreditation.
HASETRI is an independent research and testing laboratory in India located at Mysuru, Karnataka and is recognised as a Scientific Industrial Research Organisation (SIRO) under Department of Science and Technology (DST), Government of India. It is an accredited laboratory as per ISO/IEC 17025:2017 standard for Chemical, Mechanical Testing of Rubber and Rubber Products. The institute continues to strive for excellence, contributing to the advancement of technical manpower and cutting-edge technologies for the rubber and allied industries, earning world-class recognition in Quality Testing.
9, Jan 2024
Promilo announces glorious recognition; wins 3 distinct Silver Feather Awards
Driven by its unparalleled excellence and unique offerings, Promilo has been bestowed with three distinct Silver Feather Awards.
New Delhi, 09 January ‘24: Promilo- India’s first-ever Cloud-based aggregator platform specialising in streamlining processes for students, colleges, job seekers, companies, and influencers alike has been recognised for its extensive efforts by winning three different awards at the esteemed 4th Edition Silver Feather Awards, held in Mumbai on December 23, 2023.
Delivering a pioneering impact, Promilo’s recent success at the Silver Feather Awards has been revolutionary with three awards in distinct categories – the Best B2B Connection Platform, Sales Appointment Generation Platform and Best Start-up in Business Connections.
Elated about Promilo’s triumphant success, Ritesh Saraf, Founder of Promilo, commented, “It’s an honour to be bestowed with the esteemed Silver Feather Awards, even more so as Promilo has had the gracious opportunity to win three awards in diverse categories. Our recent accolades underscore our steadfast commitment to achieve excellence and innovation in the dynamic Advertising landscape.”
Furthermore, Promilo boasts an impressive user base of 0.03 million, along with 180 strategic collaborations with diverse colleges and companies, which have been accomplished through organic advertising methods. These accomplishments coupled with the platform’s zero-cost marketing strategy, have been instrumental in highlighting the company’s efficiency and effectiveness.
Specialising in generating prospective leads for colleges during the admission cycle, Promilo has expanded the outreach of counselling initiatives. Additionally, the company is challenging conventional job posting forums by offering unlimited CV access to potential hiring, with complimentary space for job postings.
Emerging as the catalyst for monetization of the meet up industry, Promilo’s platform has turned the tables for influencers, professionals, market leaders and others by crafting a collaborative meet up space that prioritises personal branding and growth.
By anticipating a remarkable 10X growth in the next quarter, Promilo is poised to become a trailblazer in the Advertising Industry. With its recent success, the company has solidified its position as the leader in today’s competitive ecosystem.
9, Jan 2024
Capri Global Capital Ltd. Redefines Rural Women’s Development:
Hyderabad/Mumbai, 9th January 2024: Capri Global Capital Ltd., a leading non-banking financial company, is making waves in women’s development & upskilling through its transformative CSR initiatives. Allocating an impressive INR 392 Lakhs this fiscal year, the philanthropic arm of Capri Global Capital Ltd. has partnered with renowned social organizations to champion women’s development across Maharashtra, Rajasthan, Madhya Pradesh, Chhattisgarh, Assam, Nagaland, and Manipur.
In the financial year 2023-24 alone, Capri’s CSR initiative has empowered over 50,000 women, and with an ambitious goal, it aims to reach an additional 2 Lakh women over the next 5 years. The initiative focuses on breaking barriers and creating a more equitable society through accessible and affordable financial services, community-led models, and initiatives that foster economic independence.
Mr. Rajesh Sharma, the Managing Director of Capri Global Capital Ltd., emphasizes the imperative of effective collaboration between corporates, government, and civil society to overcome barriers such as limited access to finance, education, resources, and entrenched social norms. He states unequivocally that investing in women’s economic empowerment is the key to achieving gender equality, poverty alleviation, and inclusive economic growth.
Capri Global’s CSR initiative goes beyond rhetoric, manifesting in “Sustainable Agriculture Livelihood” projects across 4 states/region, with a vision to empower approximately 40,000 women farmers. Through regenerative agriculture, nutrition-sensitive practices, and digital technology training, the initiative seeks to ensure higher self-confidence, economic independence, and overall well-being in rural areas.
Capri Global Capital Ltd’s Livelihood Initiative focuses on communication, business, and life skills, facilitating better livelihood opportunities and sustainable income enhancement for 7,000 Small Holder Women Farmers (SHWF). The interventions include regenerative & nutrition-sensitive agriculture, livestock management, fruit orchards, and natural resource management (land development & irrigation) along with the broad principles of Agro Ecological Practices.
In parallel, Capri’s CSR initiative amplifies its impact by collaborating with local women’s cooperatives, creating a ripple effect that not only supports Small Holder Women Farmers (SHWF) but also promotes environmental sustainability. The project aims to increase the use of traditional agricultural practices, seed treatment in a traditional way, and the use of organic fertilizers such as Ghan-Jeevamrut. A homemade combination of cow urine and neem oil is employed to improve soil productivity and induce chemical-free agriculture products, fostering environmental awareness. The horticulture initiative has additionally contributed to improvements in maternal and child health.
Moreover, the initiative includes mentorship programs connecting women entrepreneurs with industry experts, market linkages, fostering a supportive network for skill exchange, and professional growth. Community collectives are established to facilitate knowledge-sharing sessions, empowering women with market trends and modern techniques. The initiative leverages partnerships with vocational training institutes to offer specialized courses, ensuring that women stay abreast of evolving industry standards, further enhancing their economic prospects.
Capri Global Capital Ltd.’s multifaceted approach extends beyond conventional empowerment efforts, intertwining education, technology, mentorship, and environmental sustainability to create a holistic impact on the lives of low-income and underserved rural communities.
By prioritizing the economic, academic, health, and livelihood empowerment of women, children, youth, and under-served marginalized sections of society, Capri Global Capital Ltd. aligns its focus with various Sustainable Development Goals (SDGs), including good health and well-being, quality education, gender equality, decent work and economic growth, and reduced inequality.
9, Jan 2024
Randstad extends “Partner for Talent” strategy through NSDC MOU
09 January, 2024, Bangalore: The National Skill Development Corporation (NSDC) and Randstad India Pvt Ltd (RIPL) have entered into a partnership to jointly contribute to and elevate the talent ecosystem across diverse sectors.
Speaking about this partnership, Randstad India MD&CEO, Viswanath PS said, “By means of our renewed purpose to be a partner for talent and through this partnership with NSDC, we reiterate Randstad’s commitment towards providing equitable job opportunities by engaging with diverse skilled talent pools nationwide. Through this partnership, we aim to provide differentiated talent engagement models to meet the varied business and inclusion goals of the industry for skilled talent across roles. NSDC has developed the JobX platform, and an opportunity to integrate with the Randstad Talent Platform, which is built on a specialized skill framework will greatly benefit job seekers. Furthermore, we anticipate collaborating on the sharing of talent insights and future work research, using Randstad’s global and in-country expertise.”
Through this MoU, Randstad and NSDC aim to empower individuals trained on future skills and create pathways for meaningful and sustainable job opportunities. This will be achieved through joint efforts on project hiring, apprenticeship programs, studies/surveys among others.
NSDC and Randstad aim to create a substantial impact to address talent shortages with a highly skilled, adaptable and competitive talent pool suited for Manufacturing, Engineering, Automotive, Energy & Utilities, ITeS, Healthcare, Education, Infrastructure, FMCG, FMCD, Retail, Logistics, Shipping, BFSI, and Office Support and Administration.
The MOU represents a shared commitment to proactively towards transforming how the industry looks at talent attraction and engagement, with a focus on skills and inclusion.
