1, Aug 2024
Aster DM Healthcare Q1 FY25 Results
Bengaluru, August 1, 2024: Aster DM Healthcare, one of the leading integrated healthcare service providers in India, today announced its financial results for the quarter ended June 30, 2024.
Key Financial Highlights
- Revenue grew 20% YoY to INR 1,002 Crs. in Q1 FY25 Vs. INR 838 Crs. in Q1 FY24.
- Operating EBITDA grew 39% YoY to INR 177 Crs. in Q1 FY25 Vs. INR 128 Crs. in Q1 FY24.
- Operating EBITDA Margins stood at 17.7% in Q1 FY25 Vs. 15.3% in Q1 FY24
- PBT grew by 125% YoY to INR 123 Crs. in Q1 FY25 Vs. INR 54 Crs. in Q1 FY24.
- Net Profit (post NCI) grew by 80% to INR 74 Crs. in Q1 FY25 Vs. INR 41 Crs. in Q1 FY24.
Commenting on the performance for Q1 FY25, Dr. Azad Moopen, Founder and Chairman, Aster DM Healthcare, said: “I am pleased to announce that this quarter represents a pivotal moment for Aster DM Healthcare. With the successful segregation of our GCC business, we are now a pure-play India entity, as we embark on a new journey FY25 onwards. In Q1 FY25, our India business achieved 20% YoY growth delivering the highest ever revenue performance of INR 1,002 crores, aided by an increase in bed capacity and growth in ARPOB. The Operating EBITDA grew by 39% YoY to INR 177 crores and net profits (post NCI) grew by 80% YoY to INR 74 crores in Q1 FY25”
Dr. Moopen further added, “Aster DM Healthcare continues to get prestigious recognitions at the national level. Recently, The Economic Times awarded us as the “Best Healthcare Brand of the Year-2024”. Also, Aster CMI Hospital became the first hospital in South India to receive NABH Digital Platinum Accreditation. As we progress, we are on track to reach 6,500+ beds by FY27, further strengthening our position as a leader in the healthcare sector.”
India Performance Highlights
- Core Hospital & Clinics business delivered Operating EBITDA margin of ~21% in Q1 FY25.
- Matured Hospital’s (>6 years since commencement) Operating EBITDA margins at 23.2% in Q1 FY25
- Whitefield hospital (Bangalore) achieved 65% occupancy levels and ARPOB is above INR 70k+ in Q1 FY25
- Payor mix improved with Insurance business at 30% (i.e. +200 bps), offset by lower scheme business.
- Karnataka & Maharashtra cluster revenue grew by 38% YoY and operating EBITDA grew by 55% YoY
- Aster Labs revenue grew by 15% YoY in Q1 FY25, continuing to deliver positive operating EBITDA margin
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- By Rabindra
1, Aug 2024
Gen AI-powered Kapture CX doubles its client base in the Indonesia market within first year of operations
India, July 2024: Kapture CX – a Gen AI-powered CX automation platform has recently achieved yet another milestone of recording a 100% year-on-year growth rate in the Indonesian market as part of its business growth strategy. Forayed in 2023, the platform has acquired a massive chunk of the market by doubling the client base within the first year of its operations and building a local team dedicated to support growing operations.
Indonesia’s market for CX solutions is growing at an unprecedented pace, owing to increasing digital adoption by businesses that present a significant growth opportunity for Kapture CX. The platform’s experience in serving a diverse clientele across the globe, combined with the country’s highly skilled workforce solidifies the platform’s position to be a forerunner in delivering customised solutions and expanding operational capabilities.
Commenting on the growth scenario, Gaurav Juneja, CRO of Kapture CX said, “While expanding foraying into the Indonesia market, we understood there is a strong need for a verticalized CX solution to begin with, especially in retail, BFSI and travel sectors. To catalyse sector-wide innovation, we presented Indonesian clients with unique solutions that empowered the enterprises to leverage their full potential with excellent customer experience to thrive in the global landscape.”
The exponential growth of Kapture CX is attributed to a slew of advancements carried out in the Indonesian market. The platform introduced tailored solutions including multilingual support and compliance to build an unhindered customer communication system. Simultaneously, it adopted effective strategies to increase marketing outreach, brand awareness and customer engagement.
To meet the market dynamics, Kapture CX focused on understanding the nuances of Indonesian consumers by offering hyper-personalised solutions. In tandem, the platform implemented advanced Generative AI solutions to enhance personalization through AI-powered chatbots, recommendation engines, and sentiment analysis. These transformative solutions helped customers in the optimization of customer interactions across multiple touchpoints including email, call, chat, etc. Subsequently, it led to higher engagement and satisfaction among Indonesian business enterprises.
Delighted with Kapture CX solutions, Mutiara Muslim – Digital Office Manager, Anteraja said, “With Kapture’s centralized solution and powerful features, we have made our operations more efficient and significantly reduced costs by consolidating various products into one platform.”
Within the first year of operations, Kapture CX successfully partnered with major GSIs and established a strong presence across major marketplaces such as SAP Store and Google Cloud Marketplace. The platform already dominates diverse sectors in the market including retail, eCommerce, travel, financial services, logistics and many among others, acquiring prominent clients such as Mr. DIY, Golden Rama, Mitraruma, Digimap, SAP Express, Anteraja and many more.
In its forward-looking bets, Kapture CX is projecting to achieve a 100% growth in revenue from the Indonesian market and doubling the headcount to support operations. Along with strengthening more partnerships with local firms, the CX platform will also continue to expand its client portfolio in retail, BFSI, travel, consumer durables, etc.
1, Aug 2024
1% Club’s Journey from FinEd to FinTech firm
1% Club, India’s largest socio-finance community. A platform for everything finance, with over 50,000+ members, we are all united by one goal: Financial Independence.
Over a period of time we have been recognised as a platform for financial literacy.
However, today we aim to shed light on our journey from being a platform for only financial literacy to being one stop destination for everything finance.
Myth 1: The 1% Club is Finance with Sharan’s Masterclass Company
Fact: After educating over 3 lakh attendees with his masterclass, Sharan realized people needed ongoing support and curated courses for every financial decision. Hence, 1% Club aimed at being a wholistic platform for all things on finance
– Led by two co-founders: Sharan Hegde, better known as Finance With Sharan is a content creator and influencer with 2.5M+ following and Raghav Gupta, a 24-year-old entrepreneur who co-founded Futurense Technologies and 1% Club.
Backed by major investor Nikhil Kamath
The 1% Club is reshaping how finance is understood and accessed in India. Thereby making finance learning and planning easy, engaging and rejuvenating.
Myth 2: It is only an education platform/course-selling company
Fact: 1% Club is a one-stop shop for all your finance needs.
A comprehensive money school:
Learn from experts like Shashank Udupa, Abhishek Singh, Aly Hajiani, and Sharan Hegde.
Five key modules learning – Personal Finance, Stock Market, Insurance Planning, Credit Card, Tax Planning
The unique gamified community, along with a 4 weeks boot camp experience, has led 1% Club to achieve an impressive course completion rate of 80%.
Implement with Financial Tools & Partners:
Using a Customised approach coupled with 25+ proprietary financial planning tools for individual financial independence.
Connecting individuals to the right partners for informed and easy financial decisions.
Network with Community & Experiences:
A booming community of 50,000+ and growing
1% Club conduct events across India ranging from Finance meetups, Sports, 1% lifestyles experiences, upskilling livestreams etc. etc.
Myth 3: Our goal: Financial Independence: Does it mean, one won’t have to work anymore?
Fact:. Financial independence is about having the freedom to make choices be it aspirational or general without financial constraints. Financial independence means no longer needing to work for money. It doesn’t mean doing nothing, but rather choosing to pursue work you love without money as the primary motivation.
Myth 4: One needs a financial background to benefit from our programs
Fact: Financial literacy is essential for every working individual, regardless of their field. 1% Club makes finance simplified, accessible and empowering with masterclasses on personal finance, the stock market, tax planning, and more.
Myth 5: The “Club” is just in the name.
Fact: Wealth is a mindset. The 1% Experience is a platform that connects one with like-minded individuals, engaging events, and experiences that challenge one to think better, consume better, and stay ahead of trends.
1% Club curates experiences across India ranging from Finance meetups and sports, 1% lifestyles experiences, upskilling 300+ live streams with reputed guests and more
Members also enjoy exclusive discounts on various brands and experiences
1% Club has by far conducted over 200 events across 15 cities in India
Myth 6: What is there to learn in personal finance
Fact: A significant portion of the working population is trapped in a money loop, mistakenly equating retirement with financial independence. Mastering financial independence empowers control over finances, informs decisions, and secures long-term freedom.
We help you set a goal for financial independence
Get access to curated content by top creators and convert it into a community experience.
This makes it easy to form habits and start experiencing the 1% club life.
1, Aug 2024
Ravi Prabhu visits every country, 195/195 countries in the world
Hyderabad, August 1, 2024…..Ravi Prabhu a Telugu man just accomplished the task of visiting every country in the World. He is certified as one of the less than 300 people who has achieved this gargantuan feat.
Ravi has spent 9 days in Venezuela marking it his last country, and his travel accomplishments have been verified by the most astute travellers of Nomad Mania. Nomad Mania has ranked Ravi to be the #1 traveller hailing from India. He also happened to be the most travelled Telugu guy in the World.
Mr. Ravi Prabhu also documents his travels through social media and has a popular YouTube channel named, ‘RAVI TELUGU TRAVELLER”,
He is the first Telugu man to have travelled to every country. He just achieved this rare feat. He is the most travelled Indian man, the first Telugu man, and probably one of few Indians to have this rare distinction.
Interacting with the media today at FTCCI Red Hills, he said so far 600 plus people from all over the world have gone into space, 6600 people scaled Mount Everest and only 280 out of 850 crore people of the world visited every country. Ravi Prabhu is one of those 280 people in the world who has achieved this rare distinction
Ravi reached this distinction after 27 years of hard work. He had invested well over Rs 25 crore on these journeys.
With over 7.86 lakh subscribers, and a huge fan following, Ravi hails from Vishakhapatnam, and studied in Hyderabad (Hyderabad Central University, studied Master in Political Science during the year years 1994-1996) is on a visit to Hyderabad (on the way to Bhutan, his first country from where he started his journey and would like to end there) and would like to interact with some select media.
He is a proud Telugu man and an Indian. He has achieved this the hard way. This is one feat many dreams to achieve. Not many Indians are in the race. He is now known as the most travelled Telugu man in the world.
This Telugu Man has visited every country in the World while continuing his job. His channel features his travel experiences, and insights into his journeys, including the cultures, cuisines, and people he encountered along the way. Ravi’s videos are a visual treat for travel enthusiasts, as he captures the beauty of each destination with his camera. Ravi’s passion for travel is evident in his videos, and he hopes to inspire others to pursue their dreams of travelling and exploring the world. Through his channel, Ravi aims to provide a glimpse into the diverse cultures and lifestyles of people from different countries and promote unity in diversity.
He has been travelling for the past 20 years and now resides in the USA
He travelled a little over 30 lakh air miles (the distance equal to travelling eight times to the Moon) in over 1000 airlines. He invested a lot of his hard-earned money on those trips.
Now that he accomplished his lifetime dream, he would like to focus on knowledge sharing. He wants to visit educational institutions and share his vast knowledge. He will also focus on writing the book.
To quote Ravi:’I am even willing to be the face of any Tourism Department of a state or destination. I would like to help organizations in promoting tourism. When I travel abroad, I see a lot of Rajasthan, Kerala and Orissa Tourism promotions. But I hardly come across the tourism promotion of any of the Telugu states’, Ravi says.
Ravi who is now 40-plus years started his travels when he was a 9 years old boy. The first country he visited was Bhutan and the next one was the USA, where he resides now along with his working wife Swathi and teenage daughter Anoushka. The first country he travelled to after moving to the USA was the Netherlands.
Ravi Prabhu moved to the USA in 1996 and has been living there since then. He used to work before. For most of his travel journey, he continued while working. He left the job and is now an independent consultant.
This Telugu Man has visited every country in the World without sidelining his career, lifestyle profession or Family and this makes this achievement even more incredible.
30, Jul 2024
Standard Chartered Bank and Museum of Solutions Partner to Launch Futuremakers Programme
30 July 2024, India – Standard Chartered Bank and Museum of Solutions, the unique children’s museum in Mumbai, have signed an agreement to jointly incubate the Futuremakers programme by enabling 100 city-based children from Brihanmumbai Municipal Corporation (BMC) schools to create a prototype of sustainable solutions for real world problems. Standard Chartered Bank, with a presence of over 165 years in India, and Museum of Solutions have roped in Teach for India as their support partner for this programme.
Through this joint programme, Museum of Solutions will conduct extensive workshops and training sessions to enable a group of 100 school children to explore skills such as critical thinking, problem solving, collaboration and leadership, which are essential to create a
workforce necessary for dealing with the challenges of the future. These children will develop, build, and prototype new ideas to solve future challenges, while promoting a meaningful change within the community. It will aim to deliver two sets of focused skills to these students.
1. The first set of skills-sets will focus on Hydroponics, Composting & Kitchen Gardening, Automation, Fabric work and Hand prototyping.
2. The second set of skills imparted to the children will include Making a business plan, developing a campaign etc.
For the first cohort of the programme, which has commenced, the Museum of Solutions selected 50 students from Karamveer School, Sion, Anand Nagar Municipal School, Chembur, and Worli Sea Face Municipal School, Prabhadevi. The first cohort of prototype solutions for real-world problems, like water-related challenges, developments associated with sustainable food, and skill building sessions such as robotics, hand prototyping, and laser cutting design will be presented to industry leaders and investors in December 2024, and the second cohort of prototypes will be presented in March 2025.
Additionally, under this programme, the Bank will fund the visits of more than 15,000 Mumbai’s municipality school students to the Museum of Solutions during this academic year.
The Standard Chartered Bank and Museum of Solutions will jointly collaborate with BMC Education Department to ensure equitable access to the Museum for children from Municipality schools across Mumbai and Navi Mumbai.
According to Karuna Bhatia, Head Sustainability, Standard Chartered Bank and Global Business Services, India, “The Bank’s Futuremakers programme embodies its’ commitment to creating a brighter tomorrow for communities worldwide through strategic partnerships and investments in education and entrepreneurship, and a focus on sustainable development goals.
Futuremakers by Standard Chartered empowers disadvantaged students by providing quality education and training opportunities to boost their technical, and soft skills. This specific programme will enable the BMC school children to gain a critical understanding of global and local issues surrounding sustainability. Based on this empowered knowledge, these children will ideate to create sustainable solutions for real world social and environmental problems. We are providing these children access to industry experts and structured knowledge to develop solution-building orientation in these children.”According to Abhik Bhattacherji, Head Marketing, Museum of Solutions, “At MuSo, we aim to create a space for children to build knowledge and skills that can be applied in real-life situations to solve problems and drive positive change. The Futuremakers program will offer school children a platform to gain a deeper understanding of environmental and social issues, focusing on fostering a curiosity-driven and solution-oriented mindset. This program will enable children to comprehend key issues related to sustainable development and encourage them to create solutions that lead to a sustainable and more equitable future.”
Mumbai is home to about 2 million children from diverse backgrounds. The city has a wide network of primary, secondary, and higher secondary schools with over 1200 BMC run schools and about 300 private schools. Futuremakers by Standard Chartered Bank is a global youth economic empowerment initiative, tackling inequality and promoting greater economic inclusion. Futuremakers supports
disadvantaged young people aged 35 or below, to learn new skills. Focusing on three pillars – Education, Employability and Entrepreneurship – Futuremakers aims to help the next generation learn, earn, and grow.
30, Jul 2024
IMFA’s Chromite Mines Wins Safety Awards 2024
Bhubaneswar, July 30th, 2024: Indian Metals & Ferro Alloys Ltd, the country’s leading producer of value-added ferro chrome, received multiple awards at the All India Mines Safety Awards 2024 held under the aegis of the Directorate General of Mines Safety (DGMS). The awards recognise IMFA’s commitment to safety at its Sukinda Mines and Mahagiri Mines which bagged the 2nd and 3rd position respectively in the category of small mines.
The recipients were felicitated by Shri Prabhat Kumar, Director General of DGMS, in the presence of Chief Guest Shri P M Prasad, CMD of Coal India Limited, and other dignitaries.
Commenting on this achievement, Mr. Sandeep Narade, VP and Head – Mining Business Unit, IMFA, said: “We accord the highest priority to safety in all our operations, and are honoured to receive the awards which recognize our efforts to promote the well-being of employees.”
Mr. Sandeep Narade further added, “IMFA provides comprehensive safety training to all employees, and conducts regular safety audits and inspections to mitigate potential hazards. We also invest in modern equipment and technology to enhance safety and maintain a safe working environment.”
IMFA’s Sukinda Mines started operations in 1999 and accounts for 50% of the company’s output, while the Mahagiri Mines contributes the balance. Notably, the Mahagiri Mines is the only operational underground mines in the Sukinda Valley.
The awards underscore the company’s commitment to maintaining the highest standards of safety in its mining operations. IMFA remains dedicated to setting new benchmarks in the industry and contributing to the overall growth and development of the mining sector in India.
About Indian Metals and Ferro Alloys (IMFA)
Indian Metals & Ferro Alloys Ltd (IMFA) is India’s leading fully integrated producer of value-added ferro chrome with 190 MVA installed furnace capacity backed up by captive chromite mines and power generation. Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the company has manufacturing complexes in Therubali & Choudwar. IMFA’s operations are benchmarked to international standards and are ISO 9001 (Quality Management) certified.
29, Jul 2024
Citi Named Best International Investment Bank in India at Euromoney Awards
Mumbai: Citi is the proud recipient of the award for Best International Investment Bank in India at the Euromoney Awards for Excellence 2024.
According to Euromoney, Citi was the top IPO and block trade house in India, executing 16 transactions worth $4.4 billion in the 2023 calendar year.
Speaking on the recognition, India Investment Banking Head, Rahul Saraf said, “Our team of seasoned professionals has always been focused on achieving the best outcome for clients. The fact that we are a truly global bank helps us deliver the One Citi experience across a wide breadth of markets and geographies, which is our unique differentiator. This award validates our exceptional client focus and serves as a huge shot in the arm for us to exceed expectations. We are truly excited about the huge opportunity that we have today to catapult India to the next level in the global economy.”
This year, Citi has won a record of 41 global, regional and local market awards from Euromoney, a leading global financial markets magazine, at its annual Awards for Excellence that recognizes the best in banking across key areas that are most important to a bank’s key stakeholders, clients, board and executive management teams.
In its 29th edition, the Euromoney Awards for Excellence also recognized Citi as:
· The World’s Best Digital Bank
· The World’s Best Investment Bank in the Emerging Markets
· Asia’s Best Investment Bank
Other accolades for Citi India in 2024
Citi India has been recognized for several prestigious awards in 2024. These include:
· Award for Best M&A Advisor at the Asset Triple A Country Awards for Sustainable Finance 2024. Also won the awards for Best Corporate and Institutional Bank, Best Commercial Bank and Best Bank for Sustainable Finance
· Award for Best Investment Bank (International) at the Finance Asia Awards 2024. Also won the awards for Best Corporate Bank -Large Cap & MNCs (International) and Most DEI Progressive – Bank (International)
· Award for Best Foreign Bank from Fortune India
29, Jul 2024
MARS Cosmetics Wins Big at Shiprocket SHIVIR 2024 as Excellence in Smart Affordable
New Delhi, 29th July 2024: MARS Cosmetics proudly announces its victory for Excellence in Smart Affordables at Shiprocket SHIVIR 2024. This distinguished platform is dedicated to exchanging knowledge, networking, and pioneering advancements in digital eCommerce. Winning this award showcases the brand’s dedication to innovation and excellence in the beauty and personal care industry.
MARS Cosmetics, a popular Indian cosmetic brand aiming for “Makeup For Everyone”, was nominated for its groundbreaking 4-in-1 Travel Brush, a multifunctional beauty tool designed to revolutionize on-the-go makeup applications. This innovative product combines four essential makeup brushes into one compact and convenient tool: a foundation brush, a powder brush, an eyeshadow blending brush, and a flat brush. The 4-in-1 Travel Brush exemplifies the brand’s dedication to addressing the evolving needs of beauty enthusiasts with practical, high-quality solutions.
Expressing enthusiasm about the victory Rishabh Sethia, Director and Business Administrator at MARS Cosmetics says, “We are honored to receive this prestigious award at Shiprocket SHIVIR 2024. This recognition is a testament to our team’s hard work and ingenuity in creating products that enhance the beauty experience for our customers. Our 4-in-1 Travel Brush is just one example of how we strive to bring convenience and excellence to the beauty industry.”
MARS Cosmetics continues to lead the way in beauty and personal care innovation, setting new standards and inspiring confidence in its global clientele. The company remains committed to its mission of delivering exceptional products that meet the diverse needs of beauty consumers worldwide.
29, Jul 2024
Mauritius Hosts the 6th Edition of ‘Vishwarang 2024’
India, 29th July 2024: The 6th edition of the ‘Vishwarang’ festival, renowned worldwide for its celebration of language, culture, literature and art will take place in Mauritius from August 7 to 9, 2024. This event is organized under the auspices of the Vishwa Hindi Secretariat (Mauritius) and Rabindranath Tagore University, Bhopal, MP (India).
Addressing the International Organizing Committee, Shri Santosh Choubey stated, “The Hindi language has achieved remarkable global recognition. Vishwarang 2024 stands at the forefront of advocating Hindi as a global language while spotlighting the richness of Indian literature, arts and culture on the global stage. Vishwarang Mahotsav has created a distinguished global identity in the preservation and promotion of Hindi and its related Indian languages and dialects. The ‘Tagore International Hindi Center’ has been established on the Rabindranath Tagore University campus, fostering Hindi education courses and international connections. Representatives from over thirty countries and eleven universities have agreed to affiliate with the Tagore International Hindi Center.”
Shri Santosh Choubey further said that “This time the 6th edition of Vishwarang will open new doors of global discussion on various aspects of hindi language teaching. Along with language teaching, topics related to literature, art, culture and social concerns will be the center of special attraction in Vishwarang. In the sessions of language, social concerns, literature, art and cultural sessions, linguists, creators and artists from various countries including India-Mauritius will participate creatively. Experts from various countries who have done exemplary work for the promotion and global expansion of language teaching will be honored with “Vishwarang- 2024 Samman”.
He further informed that in the “Pre-phase” of ‘ Vishwa Rang- 2024’, creative activities and competitions in various categories will be organized in various schools of Mauritius. In these, prizes and certificates will be given to the winning students by ‘ Vishwarang ‘.
Eleven books of NRI writers from different countries will be released during the 6th edition of Vishwarang. On this occasion, a book titled ‘Vishwa mein hindi ‘ will be released. Here, the status of Hindi in more than 65 countries of the world has been assessed in this book.
Announcing ‘Vishwarang- 2024’ of Vishwarang International Organizing Committee, Shri Santosh Choubey, Director, Vishwarang and Chancellor, Rabindranath Tagore University, informed that Vishwarang-2024 will be organized with the cooperation of Tagore International Hindi Centre (India), Tagore World Centre for Arts and Culture (India), Mahatma Gandhi Institute (Mauritius), Rabindranath Tagore Institute (Mauritius), Hindi Speaking Union (Mauritius), Hindi Pracharini Sabha (Mauritius), Maharishi Dayanand Saraswati Institute (Mauritius), Vishwarang Secretariat (India) and Vanmali Srijan Peeth (India) .
The poster of Vishwarang 2024 was released by the visionary of Vishwarang, Shri Santosh Choubey, Dr. Jawahar Karnavat, Director, Tagore International Hindi Center and Advisor, Overseas Indian Literature and Culture Research Center, Shri Vinay Upadhyay, Director, Tagore World Art and Culture Center and Shri Sanjay Singh Rathore, Secretary, Vishwaang Secretariat. Country coordinators of various countries participated creatively on this occasion.
29, Jul 2024
Paytm’s exciting UI innovation for booking tickets for the much awaited Deadpool & Wolverine
Celebrating the release of the much awaited action entertainer DEADPOOL & WOLVERINE, Paytm has created a dynamic movie booking experience with a UI innovation, bringing their favourite superheroes to reserve seats of the film.
On booking tickets of the film on the Paytm app, users can witness their preferred seats being displayed by logos of Deadpool & Wolverine while the seats already booked would be showcased with the iron claws of Wolverine. This enthralling innovation has certainly added to the buzz and hype of the film leaving no stone unturned to resonate with audiences across the country.
Marvel Studios’ Deadpool & Wolverine in theatres from today in English, Hindi, Tamil and Telugu.
