7, Dec 2023
Industry Leaders Share Insights, Challenges, and Hopes for the Future
As we approach the conclusion of 2023, leaders across various industries open a window into their worlds, revealing insights, challenges faced, and their aspirations for what lies ahead. The discourse encompasses the revolutionary impact of blockchain and web3 technologies, the dynamic changes within agriculture and agritech, and extends into sectors like retail, fintech, and financial services. These reflections collectively paint a vivid picture of the diverse and evolving landscape that has defined the year, offering a glimpse into the trends and aspirations that may shape the trajectory of these industries in the coming year.
Blockchain:
Srikant Bhalerao, Founder & CEO, Seracle, a full-stack Web3 development platform, says,
I firmly believe in blockchain and web3 technologies as we move toward a decentralized future. I view blockchain as a force for good, not just a technology, and I approach it with a people-first philosophy. The secret is a tokenized, decentralized node infrastructure that gives developers, businesses, and ecosystem operators more power. There’s a real sense of optimism about blockchain’s potential to revolutionize as we look to India. This sentiment is reflected in the MENA markets, which offer a supportive atmosphere for web3 expansion. We’re not only seeing a technological revolution in this age of decentralized possibilities, but also a social one, as trust, cooperation, and innovation come together to create a better future.
Agriculture/ Agritech:
Shashank Singh, Co-Founder – Poshn, a wholesale processed commodity distribution and financing platform says,
Agriculture contributes to over 18.3% of total GVA (Gross Value Added) of the country. The country’s agricultural exports touched all-time highs of $50.2 Bn in the year 2021-20 and $53.2 in 2022-23. It is also the largest employment-providing sector. The current global economic crises have emphasized the significance of agriculture. Governments and investors worldwide are turning their attention to the sector, recognizing its potential to drive economic recovery. As much as the space is a hotbed of opportunities it also is marred with numerous challenges. India has seen a steep hike in the number of startups emerging in the sector in an attempt to solve the numerous challenges that plague it . Supply-chain solutions, tech and innovation, lending etc. are some sub-sectors for these startups. These startups experienced unparalleled amounts of investments pouring in between the years 2021-23. This reflects a strategic shift in priorities. As the world seeks to enhance food security and mitigate the impacts of economic downturns, the agriculture sector becomes a focal point for sustainable growth. With south asia as the food bowl for the world, we can continue to see these investments in the region growing in the decade.With farmers embracing technological innovations such as IoT, AI, Robotics, Big data & analytics, Agri biotech, the industry is being transformed. These innovations will help us solve age-old problems like erratic weather patterns, and sudden shifts in climate. By maintaining a good balance between traditional expertise and the latest innovations, the sector will definitely navigate through challenges and play a pivotal role in leading the economic revival that we are to experience in 2024.
Agriculture/ Agritech:
Sudhanshu Rai, Co-founder, of Fyllo-Empowering Farmers with IoT and AI, says,
The investment trend, the focus has reduced from downstream( market linkages) and increased towards upstream (growing side, climate tech) and it will continue to do so. Downstream businesses bring huge GMV in a shorter period but are very low margin businesses and face huge competition from local players that makes it difficult to scale sustainably. Companies that have raised funds are either pivoting or going down.
Focus on upstream will increase as the climate change is impacting agriculture a lot, for that matter the cotton production has reduced this year in North India due to the untimely attack of Pink ball worm. Similarly the variety which has been resulting in better yield are now prone to diseases and pests and fetching poor yield and quality. So a large amount of innovation is the need of time and hence the investment will flow here. Also, these are good margin businesses and can go global easily, while the distribution network for Agri-input products in India being strong will help scaling faster.
Focus areas will be the companies focusing on increasing production or bringing certainty to farm income like climate resilient or precision agriculture. BioTech companies building a better variety of seeds and bio-fertilizers. Aggregators who are bringing better variety in fruits with focus/partnership on upstream will be the differentiator. FPOs are going to be in focus as companies will target them to test their ‘The whole product’ model. Sustainable packaging companies who are using agricultural waste as input.
Retail:
Chirag Taneja, Co-Founder & CEO at GoKwik a data & technology-led enabler, says
“2023 has been a year that showed e-retail is here to play a long-term game. With digital-first brands like Mamaearth making it all the way to IPO, e-retail continues to cement its standing in the Indian audience’s hearts.
As we look ahead to 2024, the e-retail industry is poised for remarkable transformations. Customer experience will undoubtedly remain at the heart of this evolution, as eCommerce brands strive provide a unique shopping experience that is fast, personalized, and secure.
60% of shoppers across the globe are now preferring online to in-store shopping.
As a result, another trend that we will see next year is the shift towards an omnichannel approach. Digital-first will brands expand their presence beyond the online realm, integrating offline touchpoints to create seamless shopping experiences.
Simultaneously, physical retail outlets will embark on a digital transformation journey, recognizing the importance of establishing a robust online presence.
By harnessing the power of technology and AI, eCommerce brands will be empowered to provide tailored experiences, optimize checkout and ensure profit margins continue to grow without being affected with risks of Return to Origin (order returned to the warehouse before delivery). This will especially be unique to the cash-driven Indian landscape, where a majority of the orders are still being placed in cash on delivery mode of payment.
This will also extend to ensuring enhanced last mile delivery success. Brands will continue to focus on leveraging technology to increase last-mile deliverability and save reverse logistics costs due to RTO.
WhatsApp will also play a key role in nurturing customer experience. Brands will be committed to offering two way personalised communication, targeted marketing campaigns, and completely headless checkout on WhatsApp. The year ahead looks promising for the e-retail landscape and we look forward to growing with this ever-evolving ecosystem”
Fintech/ Financial Services:
Akshar Shah, Founder & CEO, Fixed – an online platform specializing in fixed income investments, says,
As the India growth story continues, we see a large potential in the adoption of technology for banking and investments that new India is warming up to.
This in 2024 is bound to accelerate with more focus on paperless banking and paperless investments across asset classes.
We are also seeing a huge trend and shift towards marketplace models in banking and BFSI. Customers want to evaluate different banks before making their choices and this is set to be one of the prominent themes for digital adoption in 2024.
Education:
Giridhar L V, CEO and Co-founder, at Nuvepro Technologies, says,
As we approach 2024, the education sector is on the brink of a profound transformation, and the role of technology in upskilling is more crucial than ever. We should envision a future where technology seamlessly integrates into hands-on learning journeys, empowering individuals to thrive in a rapidly evolving digital landscape. For 2024, I foresee a paradigm shift in the way we approach education for the needs of skilling. In the coming year, personalized and adaptive learning experiences, driven by artificial intelligence and immersive technologies, will take center stage. The goal would be to deliver dynamic, industry-relevant curricula that not only address current skill gaps but also anticipate future workforce demands. The demand for upskilling programs is set to soar in 2024, bridging the divide between traditional education and the dynamic needs of industries. Our focus at Nuvepro is on leveraging cutting-edge technologies to create a learning ecosystem that equips the workforce in getting jobs and projects ready. Collaboration with businesses, educational institutions, and skilling providers will be key as we strive to lead the way in shaping a workforce that not only meets industry standards but sets new benchmarks for excellence in the digital age by being project and job-ready from day one.”
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- By Rabindra
7, Dec 2023
Shubhashish Homes Receives Overwhelming Response for Shubhashish Prakash, Closing Registrations Shortly
New Delhi 7th December 2023: Shubhashish Homes, one of Jaipur’s leading real estate developers, is pleased to announce the overwhelming positive response to their latest venture, Shubhashish Prakash, located in the heart of the Medical Hub area in Jaipur’s Mansarovar Extension. They have also declared that the registration will be closing soon.
Since its launch on October 15, 2023, Shubhashish Prakash has drawn the interest of acclaim from investors and homebuyers alike for its dedication to superior design, sustainability, and cutting-edge living environments. The project has quickly become a symbol of contemporary luxury in one of Jaipur’s most desirable neighborhoods.
Shubhashish Prakash provides a wide selection of luxury residences to meet the changing demands of purchasers. The property offers beautifully constructed, luxurious, and well-spaced residences that offer the ideal balance of traditional, roomy living with modern style. Residents will have access to a wide range of amenities designed to redefine modern living. From rooftop golf putting greens to cutting-edge squash and multi-purpose courts, the project promises to meet the diverse recreational needs of its residents. The property also boasts indoor and outdoor gyms, a peaceful yoga center, a jogging track, as well as a medical room for the residents’ health and wellness needs.
Shubhashish Homes places a high priority on security, which is addressed by an extensive 7-tier security system covering the whole property. With its cutting-edge security features, Shubhashish Prakash distinguishes itself as one of the few projects in Rajasthan with a sophisticated security infrastructure. Residents can live their daily lives with peace of mind knowing that their surroundings are safe and secure thanks to the 7-tier security system.
Shubhashish Prakash is distinguished by its strategic location in the Medical Hub area of Mansarovar Extension. With its proximity to leading medical facilities and educational institutions, the property provides residents with the ideal balance of convenience and tranquillity. The location of the project enhances residents’ overall quality of life in addition to providing better access to healthcare.
Shubhashish Prakash is just another example of how Shubhashish Homes has always been at the forefront of sustainable development. Energy efficiency and environmentally friendly practices have been carefully considered throughout the property’s design and construction. Every resident has access to personal EV charging stations, IOT-enabled smart water meters, and a host of other eco-friendly features. Every element of Shubhashish Prakash, from the building’s architecture to the materials used, demonstrates the dedication to designing a sustainable and forward-thinking living area.
In response to the overwhelming demand, Shubhashish Homes has decided to stop accepting registrations for Shubhashish Prakash on December 10, 2023. It is highly recommended that interested parties seize this unique chance to join this select community. Attracting 129 of Jaipur’s most prestigious families, this property is exclusive to the elite.
“The amazing reception Shubhashish Prakash has had since its launch has us ecstatic. It reaffirms our commitment to providing our clients with cutting-edge, high-quality living spaces that meet their changing needs,” says Mr. Mohit Jajoo, CEO and Executive Director of Shubhashish Homes.
7, Dec 2023
An Exposition of Uniqueness TAR – ART an Anagram of my Life by Artist Simran KS Lamba
Simran KS Lamba is a mixed-media visual artist, sculptor, and installation artist based out of New Delhi, India. Simran’s work in the mixed media genre comprises of a trans-disciplinary approach towards using variable media such as tar, lead, tarmac, industrial scrap metal, and glass to bring to the fore latent contexts and subjects that constantly affect an individual’s private space and simultaneously the conventional artist space: a space which is also fraught with its interjections within the public sphere, offering vantage points of expression to the artist and of perspective to the viewer alike.
Simran’s work in the public sphere follows this thought trajectory with multiple media being employed whether to create commissioned work or certain site-specific projects. Several of his projects showcase the use of katana, terracotta, copper, brass and aluminum sheets, and wire mesh which are employed at times to create symbolic icons of festivity or other projects involving 14 feet metal plates fused together and duly inlayed with tar and copper wire treatments to form a unison of nature and city architecture. Simran’s commissioned work within the public sphere has involved the use of expansive coal tar-filled iron works which take center stage with frayed metal pipes forming the appendages of quintessential deities of Hindu mythology, most of his projects and commissioned work being undertaken for the country’s leading hospitality groups like the Taj Hotel Group and the ITC Hotel Group and individual private collectors.
Patinated copper and wood come to the fore with Lamba’s body of work within the sculptural sphere, with victims of abject deforestation being the subject of his research. Natural formations of adeneum roots are extolled through the use of copper, generating a juxtaposition of the innate beauty of a natural formation with the usage of an industrial deep earth element, in this series of work.
Simran has been working with tar and allied media since 2006, after he accidentally stumbled upon the latent potential that lay within the confines of this dark, viscous, non-pliant industrial agent whilst waterproofing his studio’s terrace and debuted with “Genesis” his first body of work of mixed media paintings using tar in 2010 to wide critical acclaim. Simran’s complex oeuvre and its expositions have been numerous in count with each body of study underlying a nuanced expression of his multi-faceted practice and thought trajectory, each body of work displaying the novelty and intrinsic beauty of not just the medium but also the ramifications of content and thematic resonances explored through his mediums of choice and the innate parallels that Simran brings into focus with tar and everyday objects like discarded scrap and recyclable materials like nails, wax, fabric and filigree to mention a few.
Simran continues to work independently on his artwork, sculptures, and installations in New Delhi wherein he constantly seeks to push the boundaries of his technique and constantly evolving expression through his many current endeavors. His work titled ‘Gandhi and Industry’ was also part of the 61st National Exhibition of Art at the Lalit Kala Akademi (National Academy of Art) in New Delhi 2020.
Simran has also been granted a patent by the Government of India recognizing his unique and experimental techniques in 2023.
7, Dec 2023
PhonePe’s Share.Market Introduces New Discover Section with Advanced Intelligence Layer
- The new section will provide an Elevated Investment Experience for users
- Also introduces a dedicated IPO section for seamless engagement with new listings
Bengaluru 7th December, 2023: Share.Market, a PhonePe product, today announced the launch of the Discover section on the platform, which will facilitate an enhanced investment experience through its cutting-edge Intelligence layer. This addition will provide both, investors and traders with a more sophisticated and research-backed destination to trade and invest better.
In line with Share. Market’s vision to elevate Discount Broking by combining Intelligence with Broking, the Discover section ensures seamless access to quantitative research-based intelligence. This new enhancement introduces dedicated sections for:
● Flagship Quant research-based WealthBaskets with:
○ Dedicated ETF-based WealthBaskets for the long-term, ideal for starting investments across all market cycles.
○ Direct Stocks research-based WealthBaskets built on premium Momentum (Smart Momentum), Quality, and Value (High Quality at Fair Price).
○ Sectoral and Thematic WealthBaskets to gain sector and emerging themes exposure.
● IPO – Introducing a dedicated IPO Section for seamless engagement with new listings. This section provides investors with comprehensive information and analysis to guide investors through the dynamic landscape of initial public offerings.
● Collections – Empowering DIY investors and traders with Collections driven by Quantitative research, aiding in the discovery of stocks based on a diverse set of research signals.
● Evolving Markets section – The Market Section on Share. Market continues to offer the latest market views and is set to evolve with additional actionable insights, aiming to become the go-to destination for real-time market assessments.
Talking about the launch of the Discover section, Ujjwal Jain, CEO of Share.Market, said, “Share.Market aims to elevate Discount Broking by focusing on bringing research-based products and experiences through a Quantitative research-driven model. Our strength is rooted in investments in Technology, Data, Computing Power, and Institutional Quantitative research. We are thrilled to announce that we are further elevating the investment experience for our users. Share. Market’s Intelligence layer is a trendsetter, providing a comprehensive suite of information and insights tailored to meet the diverse needs of our investors, empowering them at every step of their investment journey.”
Launched recently, Share. Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share. Market offers stocks (intraday and delivery), Mutual Funds, Exchange-Traded Funds (ETFs), and wealth baskets. WealthBaskets, powered by our in-house Quantitative research arm, are curated collections of stocks/investment products that
align with specific themes, sectors, or market trends enabling active equity portfolio building with great convenience.
7, Dec 2023
Scan, Save, Play: KidZania and Paytm Redefine Edutainment with Great Offers!
Mumbai, 07th December 2023 – KidZania, the leader in edutainment, is excited to announce a new collaboration with Paytm, one of India’s leading digital payment platforms. Visitors can now enjoy incredible benefits of over 50% when they scan the code at the KidZania ticketing counter using the Paytm app. This exclusive offer will provide a fantastic opportunity for families to experience KidZania like never before.
Customers scanning the code at the KidZania ticketing counter through the Paytm app will receive an amazing instant discount + complimentary movie voucher, adding an extra layer of entertainment to their KidZania experience and bank cashback offers further enhancing the value for families looking to engage in edutainment activities.
Rahul Dhamdhere, Chief Marketing Officer of KidZania, expressed his perspective on the partnership, he remarked, “We are thrilled to join forces with Paytm to provide our guests with an unparalleled experience at KidZania. This unique collaboration not only brings remarkable advantages but also aligns with our dedication to making educational entertainment accessible to a wider audience. We see this partnership as mutually beneficial for both KidZania and Paytm, and we eagerly anticipate the positive influence it will have on our visitors’ experiences.
7, Dec 2023
“InterGlobe Foundation Promotes Heritage Conservation Through an Immersive Walk for Skal International Delhi “
National, December 07, 2023: InterGlobe Foundation, the philanthropic arm of InterGlobe Enterprises, organised an immersive heritage walk for Skal International Delhi-125, a premier organization with members from the travel, aviation, and hospitality industry. The specially curated walk commenced at the 16th-century Abdur Rahim Khan-I-Khanan’s Mausoleum, before moving on to the majestic Humayun’s Tomb and concluding at the vibrant Sunder Nursery in Delhi.
The three-hour journey was guided by experts from the Aga Khan Trust for Culture (AKTC), a partner of InterGlobe Foundation in the preservation and conservation of Rahim’s tomb. The walk showcased the architectural marvels of these heritage sites while also fostering a sense of responsibility for heritage conservation, preservation, and promotion. The efforts taken during the revitalization of the tomb were also highlighted to the audience. Furthermore, the walk served as an important reminder of the pivotal role that travel industry professionals play in showcasing these invaluable sites and fostering an atmosphere of a deeper appreciation of India’s heritage.
InterGlobe Foundation partnered with AKTC for the restoration and conservation of Abdur Rahim Khan-I-Khanan’s tomb in 2014, a monument owned and protected by the Archaeological Survey of India. This was one of the first few corporate-led conservation initiatives at one of India’s nationally protected monuments. Cultural revival was also an integral part of the conservation efforts, and two major publications, ‘Celebrating Rahim’ and ‘Abdur Rahim Khan-i-Khanan: Kavya, Saundarya, Sarthakta,’ were produced. The restored mausoleum was inaugurated in 2020.
Rohini Bhatia, Chairperson, InterGlobe Foundation, said, “At InterGlobe Foundation, we believe that preserving our heritage is not just a responsibility but an investment in our cultural legacy. We are delighted to host the heritage walk for Skal International Delhi along with our partner AKTC, as this aligns well with our objective of promoting and preserving India’s rich culture and heritage. Through such initiatives, we aspire to encourage professionals from the travel and hospitality sector to play a more active role in promoting both built and cultural heritage, fostering an environment where heritage preservation and tourism can flourish
together.”Ranjit Vig, President, Skal International Delhi-125, said, ““We are extremely grateful to the InterGlobe Foundation for organising this captivating heritage walk. The immersive experience was truly fascinating and evoked a renewed sense of pride and admiration for our abundant cultural heritage. It highlighted the significance of heritage in the travel and tourism sector and helps in enhancing our abilities to showcase these sites to tourists and visitors.”
Ratish Nanda, CEO, AKTC, said, “Over the past fifteen years, more than sixty monuments have been conserved in the vicinity of Humayun’s Tomb, Sunder Nursery, and the Nizamuddin Basti area. This extensive conservation has been accompanied by infrastructure and landscape development. We are grateful for the support of InterGlobe Foundation in the conservation and preservation of Rahim’s mausoleum, as well as for their efforts in raising awareness of the tourism potential of this area.”
InterGlobe Foundation has been involved in various projects to promote heritage conservation and preservation in India. Among its notable projects are the conservation and cultural revival of Abdur Rahim Khan-I-Khanan’s mausoleum in Delhi, comprehensive cultural mapping and documentation of ten cities, the restoration of the “Indra Kund” stepwell in Delwara, Rajasthan, and the InterGlobe HERITAGE Fellowships program, which engages a cross-section of the public in documenting and researching India’s cultural heritage, fostering greater awareness.
7, Dec 2023
Imperial Blue Superhit Nights Joins Forces with Harrdy Sandhu for his ‘In My Feelings’ Tour
National, December 6th, 2023 – Renowned singer and performer, Harrdy Sandhu, is set to embark on his first-ever India tour in partnership with Imperial Blue Superhit Nights. The tour promises to be an electrifying celebration of music and culture, spanning across seven incredible cities. Harrdy will be kicking off his tour in Indore on the 9th of December, followed by Mumbai on December 17th, Kolkata on December 24th, Jaipur on December 31st, and Pune on January 20th, 2024. Dates for Bhubaneswar and Gurugram will be announced shortly. Tickets for the tour concert will be available for purchase on Paytm Insider.
Imperial Blue Superhit Nights has a remarkable history of curating sensational live music experiences. For years, it has been at the forefront bringing legendary musicians to the stage, creating unforgettable memories for fans across India. The partnership with Harrdy Sandhu marks a significant milestone in the platform’s ongoing commitment to deliver the very best in live music entertainment.
With the core brand purpose of encouraging our consumers to embrace life with a smile, the platform of Imperial Blue Superhit Nights has always been committed to delivering superlative experiences that enable our audience to see beyond life’s challenges and immerse themselves in moments of conviviality that showcase their passion for music. Working with Harrdy Sandhu for his first ever India tour is a decisive step forward in that direction.” added Ishwindar Singh, General Manager – Marketing, Pernod Ricard India.
Harrdy Sandhu shares his excitement for the tour, saying, “The association with Imperial Blue Superhit Nights has offered me an ideal opportunity to embark on my first India Tour, covering seven eminent cities, including Mumbai, Gurugram, Pune, Kolkata, and more. I’ve been diligently rehearsing steps on some of my most-loved tracks, with the determination to provide an unparalleled, innovative, and distinctive experience. Through this maiden tour, my aim is to deliver an international experience that leaves an enduring imprint on the hearts of all my fans.”
Harrdy Sandhu, known for his soulful voice and remarkable stage presence, has captured the hearts of music enthusiasts across the country. With a string of chart-toppers, including “Bijlee Bijlee,” “Kudiyan Lahore Diyan,” and “Jee Karr Daa,” he has become a sensation in the music industry, and his live performances are nothing short of magic. Even the response from his fans to his latest EP ‘Pleasures,’ which features five songs, has been overwhelmingly positive.
Harrdy is determined to bring a groundbreaking experience resonating with international concerts to India on this tour, pioneering the use of special hydraulic effects for the first time in the country. His unforgettable performances will set the stage ablaze, accompanied by a dynamic troupe of dancers, creating a uniquely immersive experience that will undoubtedly leave audiences yearning for more.
6, Dec 2023
“India’s Top High-End Smart Door Locks for Integrated Home Automation”
The best luxury high-end smart door locks in India elevate home security and convenience with the integration of cutting-edge technology and elegant design. Prominent companies like Yale, Godrej, and many others provide robust systems with integrated keypad entry, biometric identification, and mobile app controls. Connect guarantees strong security while working with popular home automation systems. Wi-Fi enabled (Mobile Operated), Pin code, Fingerprint, RFID Card, Mechanical Key Unlock. These high-end smart locks represent the height of elegance and practicality in contemporary Indian home automation, protecting houses while also integrating smoothly with a wider network of linked devices.
Yale YDM 4115-A, Smart Door Lock With Biometric
LAVNA Smart Digital Door Lock with Fingerprint
Godrej Catus Connect Smart Locks.
QUBO Smart Door Lock
The QUBO Smart Door Lock Select, a product from the Hero Group, epitomizes cutting-edge home security. The Pricing is Rs.29,990 and Tailored for modern living, this smart door lock offers a plethora of features in a sleek design. The lock provides multiple access options, including fingerprint recognition, PIN codes, and mobile app control for seamless integration into smart home ecosystems. Its robust construction ensures durability, while advanced encryption technologies prioritize security. Get Low Battery Alerts on the Qubo Mobile App and voice prompt from the lock. USB charging enables access in emergency situations in case the battery is exhausted. delivering a sophisticated and reliable solution for those seeking elevated home protection with the convenience of smart access control.
6, Dec 2023
MVN-88 Exercise and Sports Academy was inaugurated on Tuesday at Modern Vidya Niketan (MVN) School, Sector-88, Faridabad
Greater Faridabad: The academy which was a dream project of our young and energetic President,Mr.Varun Sharma was inaugurated by our chief guests Mr. Pullela Gopichand (Padma Bhushan) the renowned Indian badminton player and head coach of the Indian team, Arjuna Award winner HS Prannoy, track and field athlete and gold medallist Jyothi Yarraji, Founder and Managing Director of Badminton Gurukul Academy, Supriya Devgan.
Speaking on the occasion, Pullela Gopichand congratulated Mr. Varun Sharma for providing one of its kind world-class Indoor Exercise and Sports Academy and said, “ MVN’s commitment to balancing education and sports aligns perfectly with the promotion of physical literacy.”
He motivated the students and said,” Compete with yourself and be a better of yourself.” He also asked the faculty members to organize group events to promote team spirit.
MVN Exercise & Sports Academy provides a unique platform for students to hone their skills and develop a passion for badminton. The inauguration of the Exercise & Sports Academy is a testament to MVN School Sector-88’s vision of creating well-rounded leaders who embrace the values of discipline, perseverance, and teamwork.
Mr.Varun Sharma, President, of MVN Society, expressed happiness at the inauguration and described it as a confluence of talent and experience. He thanked Mr.Pullela Gopichand, Mr.HS Prannoy, Ms.Supriya Devgan, and Ms. Jyothi Yarraji for sparing time and being a part of this momentous occasion. Furthermore, he reiterated the fact that the exercise and sports academy will lay the foundation for the remarkable achievements and overall growth of our students as they embark on this exciting journey of academic and athletic excellence.
The opening of the MVN Exercise & Sports Academy marks the beginning of a transformational era.
This academy will prove to be a boon to every MVNite who will be trained for various sports under professionally acclaimed National and International mentors and coaches. The academy is laced with facilities like a snorkeling pool, gymnasium, basketball court, badminton court, table tennis court, multi-purpose studio, cross fit area, spin cycling area, kids play zone, etc.
6, Dec 2023
“Energy prices require to remain stable and predictable,” Hardeep Singh Puri at CNBC-TV18 India Business Leader Awards 2023
Mumbai | December 6, 2023: Energy prices are required to remain stable and predictable, said Minister of Petroleum and Natural Gas, Hardeep Singh Puri amid the volatility in crude oil prices on account of supply cuts by oil-producing countries.
Speaking at CNBC-TV18 India Business Leader Awards (IBLA) 2023 on Saturday, Puri said the deepening of oil supply cuts by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, or OPEC+, has led to plummeting of crude prices.
“With the current situation when half the world is in recession and the other half is flirting with recession, if oil prices go up then demand is going to drop,” the oil minister added.
On December 1, OPEC+ voluntarily agreed to cut oil production by nearly 1 million barrels a day by early 2024. After the announcement, crude oil prices fell as the move drew skepticism on the group’s ability to achieve the supply cuts target. The benchmark Brent crude fell to $82.83 a barrel, down 0.32 percent, on December 1, while West Texas Intermediate (WTI) slipped 0.26 percent.
Minister Puri lauded the contribution of oil marketing companies (OMCs) for being “responsible corporate citizens” and bearing losses when crude prices had skyrocketed. He added that OMCs incurred losses of Rs 28,000 crore for LPG (liquefied petroleum gas) and the government provided subsidy of Rs 22,000 crore for their losses. The OMCs have again become profitable, he said.
The Indian refiners swung back to profit in the second quarter, posting a consolidated net profit of Rs 27,295 crore in the second quarter of FY24.
The Indian Business Leader Awards (IBLA), organized by CNBC-TV18, is dedicated to recognizing and applauding exceptional leaders and visionaries in India’s business domain. The platform serves as a prestigious forum for prominent business figures, policymakers,
and influencers, fostering recognition and appreciation for excellence throughout the Indian business community.
