10, Nov 2023
Mother’s Recipe and Actress Shweta Tripathi Collaborate to spread Fun and Festivity this Diwali with ‘Tyohaar Apne Andaaz Mein'
India, November 10, 2023: Diwali represents a time of joyous celebration, heartfelt togetherness, and the creation of cherished memories with loved ones. Recognizing the pivotal role of women in fostering the spirit of togetherness during Diwali, Mother’s Recipe, a renowned brand known for its delectable and traditional flavors, is thrilled to announce its collaboration with actress Shweta Tripathi for a unique #TyohaarApneAndaazMein campaign. As the name of the campaign suggests – it is about how each one is celebrating their Diwali in their own unique style and how Mother’s Recipe is adding to the festive fervor.
The collaboration between Mother’s Recipe and Shweta Tripathi seeks to encapsulate the essence of Diwali from a woman’s perspective, highlighting the significance of the festival as a time for nurturing familial bonds, spreading joy, creating a vibrant atmosphere filled with laughter and love and of course lots of good food. As families come together to revel in the warmth of the festive season, the ‘Diwali Shayaris’ campaign aims to capture the heartwarming moments shared during this special time.
The Campaign Video:
The Instagram reel for #TyohaarApneAndaazMein is based on Ms. Shweta celebrating her Diwali with a twist of taste, celebrating Diwali in her own style. The campaign, inspired by the spirit of togetherness and the vibrancy of the festival, brings forth a series of ‘Diwali Shayaris’ that infuse a playful and quirky twist to the traditional celebrations, resonating with the joyful essence of both the brand and the esteemed actress. The video features a wide range of Mother’s Recipe products like Chutneys, papads, Pickles, and ready-to-cook spice mixes, which are a true celebration of Indian cuisine and home-cooked food.
Commenting on the campaign, Ms. Sanjana Desai, Executive Director of Mother’s Recipe, “Diwali holds a special place in the hearts of every Indian, especially for women, as we celebrate it with food, family & festivity. Through our collaboration with the talented Shweta Tripathi, we aim to capture the essence of Diwali in a way that resonates with the heart and soul of our consumers.”
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- By Rabindra
10, Nov 2023
Kriti Sanon Unveils Game-Changing Hyphen Lip Balm Line at Spectacular Nykaaland Beauty Extravaganza
10th November 2023, India: Hyphen, the visionary skincare brand, celebrated a groundbreaking moment as Kriti Sanon launched their most awaited product range – The VIP Lip Balms. After the launch, the first reveal of the lip balms was done at the star-studded Nykaaland. The event showcased a unique blend of entertainment, beauty, and skincare, with activities such as customer engagement, influencer participation, and a dedicated booth, all hosted by Hyphen.
At the grand Nykaaland event, which brought the online beauty world into the physical realm, Kriti Sanon personally unveiled the Hyphen Lip Balm range. Nykaaland, an extravagant offline event, offered the perfect stage for the official reveal. The event stood as a testament to the brand’s commitment to delivering high-quality, effective, and affordable skincare solutions, responding to the passionate demands of its cherished customers.
Hyphen’s new Lip Balm range includes the Vitamin-Infused Peptide Lip Balm – Vanilla, designed for all skin types. This product offers deep, long-lasting hydration, lip smoothening, and moisture barrier repair. It harnesses the power of Peptides, Vitamin E, Linoleic Acid, Squalane, and Shea Butter to create a nourishing blend that keeps lips soft and supple. Priced at Rs 349 for a 10g quantity, it can be applied as needed throughout the day.
Additionally, the Vitamin-Infused Peptide Lip Balm – Peach mirrors these benefits, providing the same hydrating, smoothening, and moisture barrier repair advantages. This product, too, is priced at Rs 349 for a 10g quantity, allowing you to enjoy soft, supple lips whenever you like. For those seeking lip protection from the sun, Hyphen offers the All I Need LipScreen – SPF 30, Fragrance & Flavor Free. Suitable for all skin types, this product combines lip moisturization and sun protection. With key ingredients like Vitamin C, Vitamin E, Kojic acid, and Avocado Oil, enriched with Pomegranate Oil, it’s available for Rs 399 for a 10g quantity and should be applied as needed throughout the day.
Kriti Sanon, in her role as Chief Customer Officer, expressed, “As the Chief Customer Officer, I had been reading a lot of comments and DMs asking us to create good lip balms. Honestly, lip balms have always been an essential part of my life and my skincare routine. Today I’m proud and thrilled to introduce Hyphen’s intensely hydrating lip balms, created on popular demand to give you the juiciest, glossiest hydrated lips. We’ve hyphenated powerful ingredients from nature and science to create our lip balm range, packed with vitamins, peptides, and a lot more goodness. I hope our VIP Lip Balms and the All I Need LipScreen make you smile brighter and pout better!”
The Nykaaland launch event was a true reflection of Hyphen’s commitment to innovative solutions that enhance everyday skincare routines. The Hyphen Lip Balm line is now available for purchase on the official website and leading e-commerce platforms, including Nykaa, Amazon, and Flipkart. It delivers the perfect blend of science and nature for all your lip care needs.
10, Nov 2023
Shine on with Navrathan Jewellers Dhanteras Destination for Beauty and Prosperity
As the festival of Dhanteras approaches, Navrathan Jewellers is delighted to invite you to celebrate this auspicious occasion with our exquisite collection of gold and diamond Jewellery, perfect for adding a touch of opulence and tradition to your festivities.
Dhanteras, the festival that marks the beginning of Diwali, is a time to welcome prosperity and good fortune into our lives. At Navrathan Jewellers, we understand the significance of this day and have curated a stunning array of jewellery pieces to help you embrace the spirit of this festival.
Unlock the enchanting era of timeless elegance and grace this Dhanteras by adorning yourself with Navrathan Jewellers. This radiant allure highlights awe-inspiring intricate craftsmanship in astonishing detail, thereby adding value to the precious metal, making it an exquisite piece of Jewellery.
Experience the brilliance of diamonds with our finely crafted jewellery. Our range includes engagement rings, exquisite pendants, and sparkling bangles that make exceptional gifts to celebrate love and prosperity.
In the true spirit of Dhanteras, Navrathan Jewellers is pleased to offer exciting deals on select Jewellery items, making your celebrations even more memorable.
10, Nov 2023
EU-India Innocenter Joins European and Indian Startup Stakeholders, India Key for Global Expansion
Bangalore, India, 10 November 2023: EU-India Innocenter, an EU funded project under the R&I framework programme ‘Horizon 2020’, brings its 8th cohort of seven European startups with over twenty investors and innovation Hubs, to explore collaborations with potential Indian startup stakeholders. EU-India Innocenter, a global innovation hub and growth accelerator connecting the European and Indian innovation ecosystem, is hosting six high-impact startups for a week of India-immersion activities in Bangalore. The startups, Anyline, Nano-tech, Cheesecake Energy, Enline, PVRmed, and Soula AI, provide solutions across key growth sectors spanning from healthtech, clean-tech to deep technology.
The European startups got an opportunity to demonstrate their cutting-edge technologies to startup ecosystem facilitators, including venture capitalists, potential partners, and corporations from India and various European countries, on the first day of their visit at the ‘Blue Carpet Night’ networking event held on 8th November at the Bangalore International Centre.
Throughout the week, the startups and investors will deep dive into the Indian startup ecosystem. The visit includes a roundtable discussion at NASSCOM Future Forge, a field-trip to Tata Elxsi, EU-India partnership roundtable focusing on smart cities and cross-border innovation with Indian real estate leaders, a pitch session with startups and VCs (both from EU and India) organised by KDEM (Karnataka Digital Economy Mission), a visit to DERBI Foundation and the Centre for Cellular and Molecular Platforms (C-CAMP) all in Bangalore.
During the Blue Carpet night event, EU-India Innocenter announced extending its market-entry services to cater to Indian startups interested in exploring the European market. This two-way mobility between European and Indian startups shows how startups are increasingly becoming global.
Congratulating EU-India Innocenter on facilitating successful matchmaking between European and Indian startup businesses, Mr Seppo Nurmi, charge d’affaires, European Union Delegation to India said, “Startups are the pulse of any economy, accelerating innovation and sustainable development. We are glad to see that this EU funded initiative is helping unleash collaborative potential between the EU and Indian startup ecosystem, which we hope will lead to value creation for both economies and citizens.” He added, “The programme extending its market-entry support to Indian startups will further accelerate EU-India collaboration”.
Cristina Russo, Director for Global and International Cooperation in Research and Innovation in the European Commission, recognised the important role of startups in the trade nexus technology challenges. We praise the work of the EU-India Innovation Center for its thorough programme bringing such mature and diverse stakeholders to India. We also welcomed the programme’s initiative expanding support to Indian startups to explore the European market, it reflects well with the work under the recently launched Trade and Technology Council (TTC) between the EU and India.
Varun Mallapragada, Programme Partner at the EU-India Innocenter, said, “We believe in our vision of supporting innovation diplomacy as a significant part of building stronger international relations. We are committed to creating opportunities, fostering collaborations, and shaping the future of tech-driven innovation.”
Rodrigo Olmedo, Programme Partner at the EU-India Innocenter, added, “We are grateful to our ecosystem stakeholders, investors, innovation hubs, and various government bodies across India and Europe, who play a major role in the success of our programme. We thank them all for a wonderful evening of innovation and collaboration and for their interest in sharing our vision of cross-continental innovation exchange.”
Michel Mellis, a seasoned investor in landing and accelerating tech startups, and Innovator from EGI Group, expressed keen interest in the programme’s initiative, adding, “India’s ascent as a global innovation powerhouse presents a golden opportunity for startups eyeing international expansion. The atmosphere is ripe for dynamic global collaborations and innovation.”
The Indian ecosystem of the programme includes innovation hubs and organizations namely, Startup India, Invest India, Tata Elxsi, JLL Idea Labs, KDEM, etc., including enterprises like, Jio, Titan Company Limited, TVS Motors, Accenture, etc. Additionally, it features EU innovation ecosystem players like, Technopol, Krakow Technopark, Hitachi Ventures, Cambridge Cleantech, among others.
To date, EU-India Innocenter has a track record of facilitating eight strategic partnerships from previous cohorts, who are currently in the phase of launching pilot projects in health-tech, clean-tech, deep-tech, logistics, sectors. The programme remains committed to connecting startups, creating opportunities, and strengthening ties between India and Europe through innovation. It continues to be the bridge of innovation for exchanging ideas, expertise, and resources among startups, research institutions, investors, and businesses.
10, Nov 2023
Six Key Market Trends To Watch During The Festive Season
Introduction
Elevated spirits, general optimism, and an auspicious period arrive with India’s festive season. Characterized by gift-giving and robust spending on travel and other discretionary items, the festive season marks a crucial period of the year where economic activity surges. Ever wondered what impact this time of the year may have on the country’s financial markets? With the advent of online trading platforms like Zerodha, Shoonya by Finvasia, Groww, Upstox, and many more, share market experiences have increasingly become accessible, and each day, more and more people take to the world of trading in hopes of generating wealth and building towards a financially secure future. Here, we take a look at six stock market trends that investors should watch out for,
this festive season:
1. Increased Demand For Consumer Discretionary Stocks
Consumer discretionary stocks are those of companies that sell products and services that are not essential for everyday life, but are still in high demand during the festive season. Examples include companies that sell clothing, electronics, and home appliances.
Stocks of companies that sell products and services which may not be essential for everyday life, but still witness high demand during the festive season, are known as consumer discretionary stocks. These companies may be fashion clothing brands, electronic goods retailers, or retailers of other durables. Investors can expect to see increased demand for these stocks during the festive season, as consumers look to purchase new items for themselves and their loved ones.
2. Strong Performance By Small And Mid-Cap Stocks
Small and mid-cap stocks are often more undervalued than large-cap stocks and can offer better returns. During the festive season, small and mid-cap stocks can outperform large-cap stocks as institutional investors tend to focus on large-cap stocks. Investors should consider investing in a basket of small and mid-cap stocks during the festive season to maximize their returns. Platforms like Shoonya by Finvasia, a true-blue zero-brokerage trading platform, offer advanced AI-powered tools to help investors make enhanced trading decisions, increasing their chances of achieving long-term success.
3. Increased liquidity
Increased economic activity may lead to higher trading volumes during the festive season, further resulting in more liquidity in the financial markets. This means that it is easier for investors to buy and sell stocks, as there are more buyers and sellers in the market. This can be beneficial for investors who are looking to enter or exit positions quickly.
4. Sectoral rotation
During the festive season, investors may rotate from one sector to another, depending on their expectations for performance. For example, investors may shift from defensive sectors such as healthcare and utilities to more cyclical sectors such as consumer discretionary and industrials.
Investors should carefully consider their investment goals and risk tolerance before making any sector bets.
5. Increased volatility
The increased trading volume and liquidity during the festive season can also lead to increased volatility in the stock market. This is because investors are more likely to react to news and events during this time, and there is more potential for price swings. Investors should be prepared for increased volatility during the festive season and use risk management strategies to protect their portfolios.
6. Special dividend announcements
Some companies may announce special dividends during the festive season to reward their shareholders. This can lead to a spike in the price of these stocks, as investors look to buy in before the dividend is paid out. Investors should be on the lookout for special dividend announcements during the festive season, but they should also carefully consider the company’s financial health and dividend payout history before making any investment decisions.
Conclusion
Before going all in on the festive season rush in hopes of lucrative returns, investors must take steps to ensure that they make well-informed decisions. Thorough research into the fundamentals of companies is imperative for investors, and they must diversify their portfolios to mitigate risks. Stop-loss orders and position sizing can be used through online trading platforms like Zerodha, Shoonya by Finvasia, Upstox, Angel One, etc. to deploy effective risk management strategies. As the festive season progresses, India’s financial markets present investors with opportunities like never before. With these trends in mind, investors can better position themselves to take advantage of opportunities and mitigate risks during the festive season in India.
10, Nov 2023
Hexagon launches Startup Catalyst Program in India for AI and Digital Reality Innovators in collaboration with T-HUB
India, November 10th, 2023: Hexagon’s R&D Center in India launched its Startup Catalyst Program for all startups working in the areas of Digital Reality and Autonomous Technologies. This program is an exciting new opportunity for startups to apply their ideas and capabilities to emerging but well-defined real-world problems in these areas, and, with Hexagon’s help, build full-scale solutions and take those to Indian and global customers.
This program is being launched with the support of T–Hub, the world’s largest incubation hub, which will bring its knowledge of the Indian startup ecosystem, best practices, and processes, to facilitate, guide and amplify the impact of this program.
Hexagon’s technology finds use in some of the largest enterprises, in critical operations in governments and defence, in manufacturing and process plants, in building smart cities and critical infrastructure, in automotive, shipbuilding, mining, agriculture, and protecting heritage monuments, amongst others. Being at the forefront of Digital Reality and Autonomous Technologies, with a global portfolio of customers, Hexagon brings an exceptional view into the current and emergent problems in these areas.
A startup interested in building up solutions using Artificial Intelligence, Machine Learning and/ or Digital Reality may choose to work on any one of three precise problems by submitting their idea and approach to the program and sharing their credentials:
● Building Digital Twins for EV Manufacturing
● Real-Time Language Detection and Translation
● Enabling Prescriptive Maintenance with AR and VR for Process Plants.
If the submission and credentials stand out, the startup will join a cohort of similarly chosen startups to build a full proof of concept (PoC). Each startup will have a mentor’s help during this period. The finalist from each cohort would win a prize, as well as gain the opportunity to build a full-scale solution working with Hexagon’s domain experts, on Hexagon’s futuristic technologies and platforms. Hexagon and the startups can then take these collaborative solutions to Hexagon’s customer base and scale them across geographies.
Commenting on the launch, Navaneet Mishra, Senior Vice President and Head of Hexagon’s R&D Center India, said “Indian startups are passionate, tech savvy and hardworking. With Hexagon’s Startup Catalyst Program, we are going to help them channel their energies and attention towards precisely defined real-world problems. We will support them with cutting-edge technology platforms, mentors to facilitate the co-solutions, and an opportunity to access global customers. We want to help startups from India scale their innovation globally, this program is an important step in that journey.”
MSR, CEO of T–Hub, said “Collaboration is the cornerstone of innovation, and our partnership with Hexagon for the new cohort of LAB32 represents a significant milestone in T–Hub‘s journey. At T–Hub, we believe in fostering an ecosystem that not only empowers entrepreneurs but also propels them toward global success. This collaboration is a testament to our commitment to providing startups with the tools they need to thrive and make a meaningful impact on the world.”
10, Nov 2023
Festive sale volumes up 37percent over last year: Unicommerce
~Marketplaces grow faster in volumes, brand websites score more on GMV growth~
~Fashion & beauty personal care drove volumes~
~Rajasthan and Uttarakhand became the top two states in terms of e-commerce order
volume growth~
Mumbai, November 10 th 2023: Unicommerce, one of India’s leading e-commerce enablement Software-as-a-Service (SaaS) platforms, has unveiled its analysis of the recently concluded festive season sale of 2023.
The analysis of orders processed through Unicommerce’s platform reveals that e-commerce order volumes grew handsomely this festive season, increasing by approximately 37% during the festive season sale of 2023 as compared to the festive sale period in 2022. In addition to the substantial growth in order volumes, the Gross Merchandise Value (GMV) also saw an increase of 22% during the same festive period.
The success of the festive season sales in parts may be attributed to attracting discounts on online marketplaces and robust advertising campaigns. This has helped marketplaces record an impressive year-on-year (YoY) order volume growth of 39%. Brand websites, on the other hand, also reported a strong 23% increase in e-commerce order volumes.
Interestingly, the GMV reported an inverse trend with brand websites recording a 29% YoY GMV growth, while marketplaces recorded a 21% YoY GMV growth. This may signify that consumers are not only ordering more, but loyal customers are increasingly purchasing directly from their trusted brands, leading to a surge in average order values.
The fashion and accessories segment along with beauty and personal care, emerged as the two most prominent categories in terms of order volumes. These segments displayed consistent growth in both volume and GMV during the festive month. Categories like FMCG and home decor have emerged as strong e-commerce contenders which are now laying inroads for newer segments to flourish in the e-commerce ecosystem.
As per the orders processed through Unicommerce’s platforms, Rajasthan and Uttarakhand took the lead to become the top two states in terms of growth in order volumes, with Haryana in the third position, Uttar Pradesh at the fourth, and Meghalaya in the fifth spot.
Another striking trend observed during the festive season sale was the remarkable rise of prepaid orders this year, increasing by over 45% as compared to last year. In contrast, Cash-on-Delivery (COD) orders grew by 20% during the same period. The surge in prepaid orders can be attributed to lucrative bank offers and convenient EMI options, making it an encouraging trend for the industry.
Speaking on the consumer response during the festive season, Kapil Makhija, CEO of Unicommerce stated, “The festive season determines the growing scale of e-commerce in India. As industry sectors continue to embrace the country’s e-commerce ecosystem, shoppers from across India’s length and breadth are willingly opting for online shopping. We ensure that our technology is easily accessible and deployable for sellers considering the fundamental complexities of the Indian market.
Unicommerce’s e-commerce enablement Software-as-a-Service (“SaaS”) platform enables end-to-end management of e-commerce operations for marketplaces, brands, sellers, and logistics service provider firms.
10, Nov 2023
ForgeTech India 2023: A Resounding Success in Fostering Innovation and Collaboration in India’s Forging Industry
Pune, November 10, 2023: The Association of Indian Forging Industry (AIFI) successfully concluded ForgeTech India 2023, the country’s premier forging industry conference and exhibition, on November 5, 2023.
Mr Vikas Bajaj Managing Director and CEO of Bajaj Motors and President of AIFI Shared that this landmark event, held at The Westin Pune Koregaon Park, by AIFIhas, set a new benchmark with 800 plus delegates, for the forging industry in India, making it the largest national gathering of industry leaders and professionals of the forging industry globally. A special note of thanks to the AIFI staff members for their hard work in the successful holding of the event.
He further stated that ForgeTech India 2023, witnessed a remarkable display of enthusiasm and support from the Indian forging industry, serving as a testament to the sector’s resilience and continuous growth. The event was inaugurated by Mr. Baba Kalyani, Chairman and Managing Director of Bharat Forge, and provided an exceptional platform for knowledge exchange, networking, and fostering collaborative endeavors within the industry.
Mr Bajaj stated that ForgeTech India 2023 was made possible through the support of various sponsors, with Inductotherm leading as the Title Sponsor, notable companies such as JSW Steel, SLR Metaliks, and Arjas Steel amongst others, contributed significantly to the success of the event.
As ForgeTech India 2023 came to a close, he reiterated his commitment to advancing the forging industry’s development and fostering a culture of innovation, collaboration, and excellence.
Mr. Baba KalyaniChairman and Managing Director Bharat Forge Limited, in his address to the audience, shared his insights on the trajectory of the forging industry in India, remarking, “ForgeTech India 2023 has highlighted the remarkable strides made by the Indian forging industry, underscoring the industries potential for exponential growth and global recognition. Amidst the dynamic shifts in the manufacturing sector initiated by the Government of India through strategic policy changes, to drive the contribution of the manufacturing sector from the present 16% to 25% of GDP, these will create a thriving environment for innovation and technological advancements and exponential growth within the forging industry. India’s manufacturing sector holds immense potential to become a global powerhouse further creating opportunities for us, as an industry to capitalize upon. Embracing the evolving global landscape, marked by energy transition, AI, and supply chain transformations, is vital. The ongoing reforms under ‘Make in India,’ especially in the defense sector, have effectively paved the way for private enterprises to excel on a level playing field.”
He also highlighted the lost opportunities to rival nations and advocated the initiation of reforms at the state level besides the national level to enable the Indian Manufacturing Sector to derive the full benefit of the opportunities available due to the changing global geopolitical environment.
Mr Amit Kalyani Joint Managing Director of Bharat Forge during the panel discussion held during the inaugural session, shared his perspective on the imminent industry disruptions, which not only sparked a profound transformation in the dialogue of panel discussions but also challenged conventional thinking. He highlighted India’s ability to navigate disruptive changes – particularly in the age of electric vehicles and struck a chord with all the delegates present – particularly his emphasis on the necessity of nurturing new talent to keep pace with our thriving economy.
Mr. YashMunot, CEO of Varsha Forgings, Vice President AIFI, and Convenor for ForgeTech India 2023expressed his vision for the industry, stating “As the Convenor of ForgeTech India, my aspiration was to create a landmark event that would serve as a benchmark not only for future ForgeTech gatherings but for all forging events in India. ForgeTech India 2023 has reinforced the paramount role of collaboration and innovation in propelling the forging industry forward. I eagerly anticipate nurturing a culture of excellence and advancement within both the AIFI and the forging sector as a whole.
Forgetech 2023 has achieved an unprecedented benchmark solidifying its stature as the foremost national conference and convention for the forging industry in India. This accomplishment positions it as the most significant congregation of professionals and leaders in the Indian forging domain. This year’s event not only showcased the industry’s current accomplishments but also laid a robust foundation for its future growth and enhanced global competitiveness. I hold the utmost confidence that the collaborative initiatives launched during ForgeTech India 2023 will continue to steer the forging industry toward sustained success well into the future.”
Mr. Asheet Pasricha, Co-Convenor for ForgeTech India 2023 and director of AIFI expressed his gratitude upon receiving this year’s Forgemaster’s Award. He said, “It is an absolute honor to be recognized by the industry through the Forgemaster’s Award. I am deeply grateful for this acknowledgment and remain committed to contributing to the growth and development of the Indian forging industry”.He further shared that the contributions of the late Mr Yogiraj Makar, a founding member of AIFI, Mr. Jinendra Munot, Mr. Avinash Gupta, Mr R S Reddy, Mr P Ramachandra Rao contributions were also recognized. Forgetech has played a pivotal role in fostering a culture of innovation and excellence within the forging sector. The event’s emphasis on technological advancements and collaborative initiatives has significantly contributed to the advancement and global recognition of India’s forging industry.
“I am proud to be a part of an event that continues to push the boundaries of excellence and sets new benchmarks for the forging industry in our country.”
He also acknowledged the contribution of all the members of the Organizing Committee, particularly that of Mr Yash Munot Convenor ForgeTech, Mr. Vikas Bajaj President AIFI who has been an anchor for AIFI during the pandemic, and stated that he looked forward to Mr Yash Munot continuing AIFI’s ever-important work when he takes over the presidentship of AIFI next year.
10, Nov 2023
Maximize this festive season with IndusInd Bank’s exclusive Loan Mela benefits for Two-Wheelers
Bangalore, November 10, 2023: IndusInd Bank has today launched a ‘Loan Mela’ for two-wheelers with all major Original Equipment Manufacturers (OEMs). With a commitment to redefine customer experience, this year’s ‘Loan Mela’ brings forth a plethora of financing deals, offering customers an excellent opportunity to realize their dreams of owning a two-wheeler.
With competitive interest rates on the financing of two-wheelers, this loan mela features attractive deals, including up to 95% On-road Funding, quick approvals, and flexible repayment options on two-wheeler financing.
As a part of this loan mela, IndusInd Bank has associated with well-known OEMs, to offer festival-specific financing schemes and maximize the benefits for customers. Scheduled to run until November 30th, 2023, the ‘Loan Mela’ allows customers ample time to benefit from these exclusive offerings. Spanning various markets across India, the initiative ensures inclusivity and accessibility for customers from all corners of the country. Customers can visit the nearby IndusInd Bank Consumer Finance Division branch or OEM Showrooms to learn more about the loan mela offers.
This ‘Loan Mela‘ is a testament to IndusInd Bank’s unwavering commitment to customer satisfaction. IndusInd Bank remains dedicated to providing innovative and customer-centric solutions, setting benchmarks in the banking landscape.
10, Nov 2023
Matrimony.com quarter result announcement
Matrimony reports Billing growth of 7.3%y/y
Chennai, November 10, 2023: Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2023, as approved by its board of directors.
Murugavel Janakiraman, Chairman and Managing Director said, “Despite Q2 being a seasonal
quarter we have shown growth in revenue and profits on a y/y basis. We have launched a
transformed BharatMatrimony platform, delivering enhanced user interface and functionality
including connecting matches over shared interests. We expect this initiative will add further value
to our customers”.
Key financial highlights for the quarter ended September 30, 2023
Consolidated
Billing at Rs 117.1 crores (decline of 6% q/q and growth of 7.3% y/y)
Revenue at Rs 121.6 crores (decline of 1.4% q/q and growth of 5.9% y/y)
Profit After Tax (PAT) at Rs 12.5 crores (decline of 11.6% q/q and growth of 7% y/y)
Matchmaking
Billing at Rs 114.9 crores (decline of 6% q/q and growth of 7.8% y/y)
Revenue at Rs 119.2 crores (decline of 1.1% q/q and growth of 6% y/y)
Added 2.6 lakhs paid subscriptions during the quarter (decline of 7% q/q and growth of 7.4%
y/y)
Other highlights
Transformed the BharatMatrimony app and website, delivering an enhanced user interface and functionality. Upgraded experience features including a user-friendly dashboard, personalized match listings, daily curated recommendations, a streamlined mailbox, interactive chat, and detailed profile views. Enhanced capability to connect with matches over shared interests such as lifestyle and hobbies.
