17, May 2024
DMCH launches largest-ever outreach programme
Dayanand Medical College and Hospital (DMC&H) has launched the largest ever cardiovascular diseases (CVDs) outreach program, the India Hypertension Control Initiative (IHCI) in private sector in Ludhiana. The initiative named “Ek (1) ne Bees (20)” has galvanized volunteers and trained them to identify high blood pressure patients. Under the program one volunteer screens 20 people every week.
DMC&H has developed training infrastructure to train medical students, nursing staff & senior secondary students to spread awareness and has so far screened more than 1 lakh people. The DMC&H now targets 2000 volunteers in both urban and rural areas so that more and more people can be screened. The hospital has also involved corporates, schools, NGOs, and others in this outreach program.
“The commitment of industry, corporates, business houses and educational institutions including schools to improve community health is commendable, and it was evident through their active involvement during the program,” said Sunil Kant Munjal, President, DMC&H Management Society on the eve of World Hypertension Day (17th May). This is a one-of-a-kind initiative across the country where students of class XI and XII under the supervision of doctors were trained to identify CVDs and treat the patients. Buoyed with success, DMC&H is now intending to train the guards, security personnel, and support staff of different localities.
“This wide coverage has been made possible by training commoners like school students. If we have to achieve the 25 by 25, we need more people to impart knowledge and awareness,” said Dr Gurpreet S Wander, Professor of Cardiology and Principal of DMC&H. The Government of India has launched IHCI to control CVDs. An estimated 20 crore people nationwide have high blood pressure but less than 2 crore have it under control which is around 10 percent. The government intends to raise it to 25 percent by 2025.
“We are excited to launch the India Hypertension Control Initiative in Ludhiana, which underscores our commitment to combating cardiovascular diseases at the grassroots level,” said Bipin Gupta, Secretary DMC&H Management Society. Cardiovascular diseases, which include heart attacks and stroke, are the most common cause of mortality and morbidity across the world and are responsible for one-third of total deaths in India.
While the deaths due to CVDs are decreasing in rich countries, they are increasing in low and middle-income countries. Hypertension contributes to an estimated 1.6 million deaths annually in India, due to ischemic heart disease and stroke.
The India Hypertension Control Initiative is a multi-partner, five-year initiative between the Ministry of Health & Family Welfare, the Indian Council of Medical Research (ICMR), State Governments, WHO India, and the non-government organization Resolve to Save Lives.
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- By Rabindra
17, May 2024
Sightsavers India’s RAAHI Programme Research Published in International Journal
New Delhi, 17th May 2024: The International Journal of Community Medicine and Public Health (IJCMPH) has recently published research on Sightsavers India’s RAAHI Programme. RAAHI (National Truckers Eye Health Programme) stands as one of the biggest eye health initiatives in India, catering to the needs of the overworked truck drivers’ community. With over 9 million truck drivers in India playing a significant role in freight transportation, addressing their unmet health needs, particularly concerning vision, has become imperative.
The publication of this research in the International Journal of Community Medicine and Public Health (IJCMPH) signifies a significant milestone. Peer-reviewed journals like IJCMPH undergo stringent evaluation processes by field experts, ensuring the credibility and quality of the research presented.
Through a mixed-methods approach, this research delves into the program’s achievements, challenges, and lessons learned. Having screened over 540,000 beneficiaries across 54 locations, RAAHI has significantly contributed to raising awareness about prevalent health conditions and providing essential eye care services. It primarily focuses on truck drivers, addressing their unmet eye health needs and raising awareness about prevalent health conditions.
Feedback from beneficiaries highlighted overall satisfaction with RAAHI services, emphasizing the program’s structured approach and immediate access to quality spectacles. Beneficiaries found the registration, screening, and spectacle distribution processes quick and easy.
The program’s success in providing essential eye care services to truck drivers is crucial for road safety. Correcting even low refractive errors in truckers can help minimize adverse events, highlighting the importance of initiatives like RAAHI in ensuring safe driving practices.
“We are pleased to share the findings of our research, which represents the significance of the RAAHI programme in addressing the unmet eye health needs of truck drivers in India. Our comprehensive study reveals the impact of RAAHI in screening beneficiaries, providing essential eye care services, and raising awareness about the importance of eye health in improving road safety.
Through collaborative efforts and sustained initiatives like RAAHI, we aim to continue enhancing the well-being of truck drivers and promoting road safety across India’s transportation networks. We extend our gratitude to all stakeholders, including implementing partners and funders, for their support in making RAAHI a success.”— Authors behind the Research (Dr. Ananta Basudev Sahu, Jatin Tiwari, Prasannakumar P. N., R. N. Mohanty)
17, May 2024
Project Swayam: Walchand Plus Empowering Youth for a Sustainable Future in the Green Sector
New Delhi, 17th May 2024- In a bold step towards a sustainable future, The Bahubali Gulabchand Foundation, in partnership with Walchand Plus, celebrates the early triumphs of ‘Project Swayam’—an innovative initiative aimed at cultivating a skilled youth workforce for India’s burgeoning green energy sector.
By empowering young people with green skills and awareness, the Walchand Foundation endeavors to cultivate environmentally conscious individuals who can develop innovative solutions for environmental challenges. This initiative actively shapes future leaders and guides us toward a sustainable future.
Under the Project Swayam initiative, 710 motivated individuals from diverse corners of the nation have completed specialized training, preparing them for careers in solar technology and beyond. From the bustling streets of Bangalore to the serene landscapes of Nandurbar, these beneficiaries have embraced the journey towards green innovation.
“This project is not just about education; it’s about empowerment,” remarked Ms. Pallavi Jha, MD and Chairperson, of Walchand PeopleFirst Limited and Dale Carnegie Training India. “We’re equipping our youth with the tools they need to succeed in an industry that holds the key to a sustainable future. This initiative underscores the importance of investing in human capital. By nurturing talent and fostering innovation, Project Swayam is laying the groundwork for a greener, more prosperous India.”
The Success of Project Swayam’s Phase 1 is evident in the stories of transformation emerging from Dadri Ghaziabad, Dasna Ghaziabad, Shiv Vihar New Delhi, Bangalore, Chitradurga, Kolar, Belgaum, Mumbai, Nashik, Palghar, Nandurbar, Nanded, Pune and Solapur—a testament to the power of opportunity and determination. Through 240 hours of immersive training and hours of intensive training focusing on Solar PV Installation and Assembly, participants have gained not only technical proficiency but also essential life skills crucial for their professional journey.
The impact of Project Swayam extends beyond skill development, resonating with the broader mission of sustainable growth and inclusive prosperity. As Phase 2 unfolds, the project envisions reaching new heights, empowering more youth and catalyzing positive change.
Project Swayam embodies the spirit of innovation and collaboration—where partnerships drive progress and dreams fuel transformation.
Together, we are shaping a future where green is not just a color but a commitment.
17, May 2024
IIT Delhi launches Certificate Programme in Data Analytics for Business Applications
Mumbai, 17th May 2024: In today’s rapidly evolving landscape, data has emerged as the cornerstone of the modern enterprise, serving as the driving force behind breakthrough insights, informed decision-making, and exponential growth. As businesses increasingly rely on data-driven strategies to navigate complexities and capitalise on opportunities, the need for skilled professionals adept in harnessing the power of data analytics has never been more pronounced. Acknowledging the pivotal role data plays in shaping the trajectory of the business landscape, the Indian Institute of Delhi (IITD), acclaimed for its 2nd rank in the Ministry of Education’s NIRF 2023 rankings in Engineering, announced the launch of the Certificate Programme in Data Analytics for Business Applications.
This high-impact 7-month programme is meticulously designed for professionals from diverse backgrounds. It caters to early professionals seeking to elevate their understanding of data analytics for adept decision-making. It is also tailored for mid-career professionals aiming to strengthen their expertise with modern analytical methodologies, enabling them to drive impactful strategies. Similarly, it equips consultants with tools for utilising descriptive, predictive, and prescriptive analytics, empowering them to offer tailored solutions for optimising clients’ operational efficiency and strategic outcomes. Additionally, it will also enable entrepreneurs and small business owners to leverage consumer insights and advanced analytics to refine offerings, fostering sustained growth and competitive advantage.
According to the survey by the Bureau of Labor Statistics, US Department of Labor, in India, the analytics industry is predicted to grow to a market size of $98.0 billion by 2025 and $118.7 billion by 2026. This underscores the significance of equipping professionals with robust data analytics skills to meet the evolving demands of the global business landscape. Recognising this demand, the Certificate Programme in Data Analytics for Business Applications aims to empower participants with the skills to unravel complex business challenges, drive data-driven decision-making, and unlock strategic innovation powered by analytics.
The IITD Certificate Programme in Data Analytics for Business Applications, designed by renowned IITD faculty, includes live online sessions delivered by top IITD faculty, hands-on learning experience, industry-oriented insights, real-world case-studies, a Capstone project and an opportunity for peer-to-peer-learning. Additionally, it also includes essential business analytics tools like Python, SPSS, SQL, KNIME, and Orange, enabling participants to effectively analyse and interpret complex datasets. The modules include impactful topics such as core statistical analysis, advanced statistical analysis, prescriptive decision science systems, & AI and Machine Learning.
This programme will enable participants to:
· Identify and articulate intricate business challenges through analytical frameworks
· Apply a diverse range of analytical techniques to develop data driven growth strategies
· Translate the findings of business analytics endeavours into actionable strategies for enhanced organisational performance
· Demonstrate adeptness in leveraging analytics tools and methodologies to drive innovation and achieve competitive advantage
· Cultivate the skillset to synthesise data insights into compelling narratives, facilitating informed business decisions across functional domains
The eligibility for this programme includes Graduates (10+2+3) or Diploma holders (10+2+3) from a recognised university ((UGC/AICTE/DEC/AIU/State Government/recognised international universities) with a mandatory background in 12th-grade Mathematics. This programme is set to begin on June 30, 2024,
Upon successful completion of the programme with a minimum grading of 50% and maintaining a minimum attendance of 60 per cent, participants will be awarded a prestigious certificate of completion from CEP, IIT Delhi.
17, May 2024
Infibeam Avenues Ltd Exceeds FY24 Financial Estimates, Eyes Strong FY25 Growth
Gandhinagar, 17th May 2024 – India’s first listed AI-powered tech and fintech company, Infibeam Avenues Limited (“Infibeam” or “The Company” or “IAL”), (BSE: 539807; NSE: INFIBEAM), has today announced its financial results for the fourth quarter and year ending March 31, 2024.
Consolidated Financial Highlights (INR million)
| Particulars | Q4 FY24 | Q4 FY23 | Y-o-Y | FY24 | FY23 | YoY |
| TPV 1 | 22,65,839 | 14,77,250 | 53% | 70,43,439 | 44,46,810 | 58% |
| Gross Revenue | 7,268* | 6,527 | 11% | 31,711* | 19,623 | 62% |
| Net Revenue 2 | 1,061 | 916 | 16% | 4,286 | 3,284 | 31% |
| EBITDA 3 | 600 | 496 | 21% | 2,526 | 1,796 | 41% |
| EBITDA margin 4 | 57% | 54% | – | 59% | 55% | – |
| Profit After Tax (PAT) 3 | 358 | 331 | 8% | 1,478 | 946 | 56% |
| PAT margin 4 | 34% | 36% | – | 34% | 29% | – |
1 Includes i) Payments TPV [CCAvenue India and International + BillAvenue + Go Payments] + ii) GeM platform TPV.
2 Net Revenue = Gross Revenue – Direct Operating Expenses (predominantly payment processing revenue collected on behalf of ecosystem partners)
3 Excluding the notional impact arising from mark-to-market gain / (loss) from investment in listed security [this has no impact on cash flows]
4 as percentage of Net Revenue
Consolidated Financial Performance Review:
Infibeam Avenues Ltd has reported robust consolidated gross revenue of INR 7268 million, accompanied by a Profit After Tax (PAT) of INR 358 million in the fourth quarter of FY24. The Q4 FY24 gross revenue witnessed a significant increase of 11%, and Q4 PAT saw a sizeable growth of 8% compared to the corresponding quarter of the previous financial year. The EBITDA also exhibited noteworthy growth of 21% Year-over-Year (YoY) to INR 600 million. The TPV rose by 53% YoY, reaching INR 2,265.84 billion, with payment TPV increasing to INR 758.12 billion, during the fourth quarter.
In Q4, the company also witnessed an increase in take rate from 8.5 bps in the beginning of the year in Q1FY24 to 9.2 bps in Q4FY24. This increased intake rate is a result of discipline, execution, optimization, and reimagining digital payments from teams across Infibeam.
“Our CCAvenue payments business stands tall on a robust foundation meticulously crafted to propel expansion and set us apart from competitors. A pivotal aspect of our overarching growth strategy revolves around enhancing merchant account engagement. We anticipate this will keep on fueling an upsurge in payment transactions, total payment volume, and net revenue,” said Mr. Vishwas Patel, Joint Managing Director of Infibeam Avenues Ltd.
The continuous expansion of our merchant base has significantly bolstered our achievements, culminating in an impressive total 10M+ merchant accounts by the end of the fiscal year. Additionally, our transaction processing soared in 2024, handling a remarkable INR 2.57 lakh crores in payment value, excluding Rupay debit cards and UPI payments. This notable growth underscores our unwavering commitment to facilitating seamless transactions and fostering financial prosperity for our valued merchants.
“The company has demonstrated resilience and agility in navigating through the ever-evolving market landscape and was able to maintain its position as a frontrunner in the industry,” said Mr Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd adding further that despite facing challenges posed by the dynamic and competitive environment, the company has exceeded expectations and remains committed to delivering value to its stakeholders.
Infibeam’s sustained growth can be attributed to several factors, with a key driver being its flagship payment brand – CCAvenue. Renowned for offering the widest array of payment options in the industry, CCAvenue’s deep integrations across thousands of third-party merchant systems, fostered continued growth and success.
In addition to its robust payment business, Infibeam’s platform segment has also demonstrated impressive resilience, posting a 29% year-over-year increase. This growth is primarily fueled by strategic accounts with large enterprise clients, further solidifying Infibeam’s position as a leader in the digital commerce ecosystem. It’s noteworthy to mention that despite the ongoing utilization of our ecommerce platform by the Government e-Marketplace (GeM), no income from GeM has been reported in the fourth quarter (Q4), as we have no agreement on commercials with clients to date.
Infibeam Avenues Ltd’s FY 2023-24 marks a pivotal year in its journey. After years of development and investment in digital payment and platforms business, now the company has embarked on a new path, harnessing the power of Artificial Intelligence (AI) to elevate businesses worldwide. In FY24, the company launched its AI business vertical under the brand – Phronetic. AI. The year FY24 witnessed the establishment of an AI Hub at GIFT City, the appointment of a CEO for the AI business and the launch of THEIA, a visual AI framework/platform.
As the company took the strategic decision to embrace Artificial Intelligence (AI), it took other crucial decisions to take forward its digital payment business to the next level. The company further strengthened its international play for its payment business, as it realigned its international businesses received regulatory approval from the Kingdom of Saudi Arabia (KSA), and launched mobile-based QR Code payment solutions in the United Arab Emirates (UAE) market.
“In the upcoming fiscal year, our strategic focus will be on expanding internationally, with a particular emphasis on the Middle East market. This will accelerate our growth trajectory in this region, our international subsidiary has announced a pre-IPO round of up to USD 25 million. This investment will fuel our expansion efforts and propel us towards capturing a significant market share.” stated Mr. Vishwas Patel, Joint Managing Director of Infibeam Avenues Ltd.
Mr. Patel further highlighted the remarkable progress achieved in the Middle East, with all metrics doubling year-over-year as the company introduced express settlement to merchants, rolled out CCAvenue TapPay, and went aggressively with its international expansion strategy across the Middle East region. “The digital boom in the Middle East presents us with tremendous potential for growth,” Mr. Patel pointed out.
In a strategic move within the domestic payment landscape, the company is gearing up to venture into financial product offerings tailored specifically for merchants. Under the umbrella of a new brand name, collectively referred to as our Merchant Finance Offerings, the company aims to provide merchants with access to a range of financial products, including business loan products, insurance products, and wealth management products.
This forward-thinking initiative is poised to unlock new avenues for long-term profitable growth. By diversifying its offerings to cater to the financial needs of merchants, the company is not only expanding its market reach but also solidifying its position as a trusted partner in the business ecosystem.
Major Achievement: Financial Guideline for FY24 achieved
Infibeam Avenues Ltd is thrilled to announce that the full-year FY24 results exceed annual estimates on the payment business’s strength. It has exceeded at higher end of the annual target on both Net Revenue and EBITDA.
At the start of the year, the company had set a gross revenue target of INR 30,000-33,000 million and Net revenue of INR 4,100-4,150 million respectively. The company achieved the targets by closing the year recording Gross Revenue of INR 31,711 million and Net Revenue of INR 4,286 million, which is at the high end of the estimate.
Similarly, both EBITDA and PAT also reached and exceeded the high end of our guidance. The company succeeded in closing the year with a higher EBITDA of INR 2,526 million compared to our target of INR 2,300-2,350 million and PAT came in at INR 1,478 million, versus our target
Infibeam Avenues Ltd also announces its FY24-25 Financial Guideline. The company strongly believes that Artificial Intelligence (AI) and international business will boost the FY24-25 outlook.
Declaration of Financial Guideline for FY24-25: The Company expects to achieve the following financial performance for the financial year 2024-25.
| Particulars | Amount (in INR million) | YoY growth (in %) |
| Gross Revenue | 39,000 – 42,000 | 23% – 32% |
| Net Revenue | 4,500 – 5,000 | 5% – 17% |
| EBITDA | 2,750 – 3,000 | 9% – 19% |
| Profit After Tax | 1,750 – 2,000 | 18% – 35% |
The company has proposed a final dividend of 5% for the Financial Year 2023-24, subject to shareholders’ approval.
17, May 2024
FlixBus India Celebrates Successful 3 Months of Service
New Delhi -17th May 2024, FlixBus, the global travel-tech partner which launched in India in February 2024, has completed 3 months of operations in India on a high note. Over this period, FlixBus has charted a course spanning 1.4 mn+ driven kilometers across 50+ cities. The company has also added 11 new routes taking the total routes to 20 and 5 major bus partners to its existing network taking the total fleet count to 45.
FlixBus has also opened two new lounges in Anand Vihar, RK Ashram, apart from Kashmiri Gate. These lounges provide travelers with a clean environment to unwind before their journey and include amenities such as Wi-Fi connectivity, cloakroom facilities, and pristine accommodations.
Noteworthy Highlights: April witnessed a surge in travel, notably during the extended weekends of Holi and Good Friday. The most popular routes among travelers include:
Delhi to Rishikesh
Delhi to Lucknow
Delhi to Manali
Dehradun to Delhi
Delhi to Haridwar
Since its launch, FlixBus India has been committed to reliability, customer service, and innovative technology integration. It has set a new standard for excellence in the Indian transportation sector with its safety features like gender seating (i.e., seats next to women will be automatically reserved for other women), 24×7 incident response team, a traffic control ward, and 2-point seat belts for all seats.
Said Surya Khurana, Managing Director, FlixBus India, “As we reflect on these three months, I extend my heartfelt gratitude to our invaluable bus partners whose unwavering support and commitment have been instrumental in our success. Together, we’ve forged a partnership that not only facilitates seamless travel experiences but also empowers our bus partners to thrive in their endeavors. We also extend our sincere thanks to our customers for their continued trust and support. We remain open to receiving feedback from them to continually enhance and improve our services.”
Commenting on their partnership with FlixBus, Sandeep Dalal, Managing Director, Ram Dalal Travels, said, “As a proud partner of the FlixBus Network in India, our journey has been nothing short of transformative. The seamless integration of innovative technology and optimization of our daily operations has helped us grow our business, enabled us to elevate the standard of our service, enhance efficiency, and expand our reach. We are truly grateful to be part of this and look forward to continuing our journey of growth and success alongside FlixBus.”
17, May 2024
Rabindranath Tagore University (Bhopal) Begins Admissions for 2024-25 Academic Year
17th May 2024 – Rabindranath Tagore University Bhopal (RNTU), a pioneer in providing new-age, industry-relevant, and future-ready courses, is pleased to announce admissions for the current academic year.
RNTU, recognized as one of India’s leading universities, boasts a reputation for its future-ready course curriculum, offering a comprehensive selection of 117 programs at undergraduate and postgraduate levels. The programs span Engineering & Technology, Commerce, Management, Humanities & Liberal Arts, Mass Communication & Journalism, Computer Science & IT, Agriculture, Science, Law, B.Voc. | M. Voc., Nursing & Paramedical Science, and Education. The University also offers B.Pharma and D Pharma courses. Academic Collaboration with NSDC (National Skill Development Corporation), Redhat, Daikin, Bosch.
Online learning platform AISECT Learn ensures a rich variety of e-learning courses aligning with the demands of the modern workforce such as AI & Machine learning, Communication & placement, digital marketing, cybersecurity, Data Science, and Python. The university also introduces innovative courses such as Data Science, Forensic Science, Artificial Intelligence & Machine Learning, Cyber Security, DevOps, Communication & Marketing, Project Management, and Critical Reasoning Additionally, the university offers Ph.D. programs in selected subjects through a separate entrance test.
Dr. Aditi Chaturvedi, Pro-Chancellor of RNTU, emphasizes the university’s vision, stating, “At RNTU, we offer holistic education to bridge the existing skill and employment gap across industries. Our students receive entrepreneurial and hands-on experience, NEP-aligned education, and global competitiveness. With strong industry relations, dedicated COEs, and world-class infrastructure, RNTU aims to enable next-generation students for the socio-economic development of the nation.”
Aligned with The New Education Policy (NEP), RNTU’s integrated curriculum enhances holistic development, addressing the evolving needs of the competitive job market. RNTU focuses on instilling students with the requisite skill sets to meet the demands of the ever-evolving industry.
RNTU extends support to its students through the Shiksha Mitra Scholarship Scheme, offering merit-based scholarships with fee waivers of up to 50 lakhs for selected undergraduate and postgraduate courses. The university also cultivates an entrepreneurial spirit, housing the Atal Incubation Center by Niti Aayog – the only private university in Madhya Pradesh to do so. The university has incubated 106 start-up ventures through the Young India Entrepreneur program and fosters collaborations with international universities and corporations for advanced education and skill development. RNTU boasts 5 industry-grade skill development centers of excellence.
Recognized with prestigious rankings and awards, RNTU achieved the NIRF rank for the 5th consecutive year in 2023, securing a position between 150-200 in the university category. Notable accolades include the University of The Year by Financial Express India Education Awards- 2024, “Excellence in Education Award 2023″ by Competition Success Review (CSR), and the “Leading University of the Year Award 2023” by Business World Education. The university holds the Best Physio Excellence University Award 2022 and ranks first in pan India under Best Academia-Industry Alliance in the Education World Grand Jury India Higher Education Rankings 2021-22, the ASSOCHAM India Excellence in Education, training & development Award 2018, World Education Summit 2018. Additional mentions in India Today 2020 Ranking, Education Excellence Award 2020 for Excellence in Placement (Engineering), and Zee Madhya Pradesh Chhattisgarh Education Excellence Award 2020 for Excellence in Infrastructure (Agriculture), solidify RNTU’s commitment to academic excellence.
RNTU’s 17 Centers of Excellence such as the Centre for Renewable Energy & Energy Park, Centre for IOT, Centre of Atal Incubation, Centre for Tagore Kala Kendra, and Centre for Excellence to name a few, cover incubation, entrepreneurship & start-ups, science & communication, advanced material, innovation in IoT, Renewable Energy, Agriculture, Environmental Science, Literature and Culture Studies of Indian Diaspora, Language Learning, Translation Sanskrit and Oriental Languages Studies, and Indigenous Knowledge Tradition, Vanmali Srijan Peeth and Publication, Tagore International Centre for Art and Culture, Tagore Centre for Regional Languages and Culture. The university is recognized by UGC and approved by AICTE, NCTE, BCI, INC, MP Paramedical Council, and MP Nursing Council.
RNTU’s Training and Placement (T&P) Department ensures students from all courses and streams are well-placed. In-house training experts provide students with essential skills such as group discussion, spoken English, reasoning, aptitude, and technical and HR interview skills. The university’s faculty members conduct various in-house pre-placement training programs, including personal interviews and written tests. RNTU boasts an outstanding placement record, collaborating with over 600 companies and offering lucrative packages exceeding ₹18 lakh/annum. The past two years have witnessed over 250+ campus drives.
Beyond academics, RNTU encourages artistic endeavors through initiatives like Yuvaaz (on-campus Radio for students), RHTYHM (Annual youth festival), and Vishwarang. Various clubs, including drama, music, and debate, provide platforms for students to practice and learn new skills. Vishwarang, the International Literature and Arts Festival, has gained national attention, with the 4th edition attracting over 3 lakh participants and 1000 artists from 50 countries. Renowned celebrities like KK, Darshan Rawal, Ashish Vidyarthi, Shilpa Rao, Maithili Thakur, Vishal Bharadwaj, Papon, Rasika Duggal, Ashneer Grover, etc., have graced events like Vishwarang & Rhythm.
At Rabindranath Tagore University, students are encouraged to participate in sports activities to foster team-building. RNTU places a distinct focus on sports and recreation, providing a diverse range of state-of-the-art sports facilities for its students. Highlighting Remarkable Achievements: Rabindranath Tagore University (RNTU) shines in sports as its athletes excel on multiple fronts. Aditi Maheswari’s triumph in securing a gold medal at the Junior Asian Hockey Championship stands as a testament to the university’s prowess. Monika Choudhary’s bronze medal win in the judo -48 kg event at the Khelo India University Games adds to RNTU’s pride. The RNTU Men’s Hockey Team etched their name in history by clinching gold at the Khelo India University Games 2023-24. Neha Thakur, a first-year Commerce student, brought glory to India with a Silver Medal in the 19th Asian Games in China. Himanshi Tokas, a BPES 2nd-year student, showcased outstanding skill, securing gold in the -63 Kg Judo category at the 37th National Games. These achievements underscore RNTU’s commitment to excellence and its contribution to the sporting landscape, bringing honor to the institution. The university provides world-class facilities for Cricket, Hockey, Football, Kho Kho, 400mtr track field, Kabaddi, Volleyball, Table Tennis & Basketball.
The sprawling 52 acres campus has the best on-campus experience along with top-class amenities and facilities such as pick-up and drop service, a separate hostel for boys and girls close to the campus, a canteen that serves hygienic food, a rich library with over 40,000 books 6000 titles and great knowledge source. The campus is new-age and has a moot court, energy parks, 8 acres of agricultural land for organic farming, a gym, an in-house studio, and a radio station.
The candidates can take the exams online and pay the application fee for further process. Students can also register through AISECT centers. Aspiring students can register using their phone number and email Id, an application fee of INR 500 will be charged for the enrolment process.
The last Date for taking the online registration on 23rd June 2024. Results will be declared by 25th June 2024.
The AISECT Group of Universities is India’s leading higher education group whose mission is to establish world-class and affordable universities in locations that dire need of a quality higher education ecosystem. The Group’s core ideology across all its higher education endeavors is to groom its students into responsible, proficient, and ethical professionals. With over three decades of unparalleled experience in skill development and job placement, the Group offers its students immense opportunities through its extensive industry linkages and expertise in the entrepreneurship sector.
16, May 2024
Sujoy Prasad Chatterjee’s ‘JOURNEYS’ Takes Centre Stage at India International Centre
New Delhi,16thMay 2024-India International Centre hosted an evening of spoken words and live music by acclaimed interdisciplinary artist and actor Sujoy Prasad Chatterjee and musician Shibasish Banerjee. The production titled JOURNEYS, after an extremely successful opening in Kolkata, captures a slice of life that spans Sujoy’s interpersonal dialogue with verses, prose, letters, and of course music. The readings of artistic texts included works of Leonard Cohen, Bob Dylan, Amrita Pritam, Jenai Dalal, Suheir Hammad, Amir Aziz, William Shakespeare, and many other regional poets. Sujoy’s ease and finesse with words and even music were appreciated by the full house audience. His reading of Othello was power-packed, to say the least in the way he wove the voices of the Moore and the heroine. Shibasish sang heart songs like Hallelujah, Imagine, and many others. The famous MAIN TENU FIR MILANGI by Amrita Pritam found a confluence in Sahir Ludhianvi’s immortal lyrics of Kabhie mere dil mein sung by Sujoy on stage. The final act of the evening was a self-composed letter called RAJKUMARER CHITHI (by Sujoy), a treatise on unrequited love between two men. This left many audience members teary-eyed. “JOURNEYS is an assemblage of memories and muse that I lived through for two decades in arts. I hope everyone finds a voice in mine”, signed off Sujoy.
16, May 2024
Shree Cement drives strong Q4 performance; delivers highest ever full year operating EBIDTA
Mumbai, May 16 – Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and year ended on 31st March, 2024. The Company recorded an impressive performance with EBIDTA growth of 49% and PAT increasing 21% on YoY basis.
Financial Highlight (Standalone)
₹ in crore
| Particulars | Quarter ended | Year ended | ||||
| 31st March, 2024 | 31st March, 2023 | % Change | FY 2023-24 | FY 2022-23 | % Change | |
| Net Revenue from Operations | 5,101 | 4,785 | 7% | 19,586 | 16,837 | 16% |
| Operating Profit (EBIDTA) | 1,327 | 892 | 49% | 4,364 | 2,942 | 48% |
| Profit after Tax | 662 | 546 | 21% | 2,468 | 1,328 | 86% |
| Cash Profit | 1,349 | 1,157 | 17% | 4,150 | 3,011 | 38% |
Operational highlights and initiatives
- Q4 net revenue up YoY by 7% from ₹ 4,785 crore to ₹ 5,101 crore, annual turnover zooms by 16% to ₹ 19,586 crore
- Q4’FY24 total sale volume increased YoY by 8% from 8.83 million tonnes to 9.53 million tonnes, annual volume at 35.5 million tonnes with 12% growth
- EBIDTA (without Other Income) went up YoY by 49% from ₹ 892 crore to ₹1,327 crore. This is the highest ever EBIDTA delivered by the Company.
- Annual EBIDTA also reaches highest ever level of ₹ 4,364 crore
Mr. Neeraj Akhoury, Managing Director, Shree Cement Ltd. said, “Our strong financial performance reflects our sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. This is complemented by our digital transformation, which is driving us forward, streamlining our operations and empowering our people with data-driven decision-making capabilities.”
He added, “I am happy to see the enthusiastic market response to our consolidation of all products under the master brand ‘Bangur’, which, along with diversifying into Ready Mix Concrete, marks a significant step in our journey towards becoming a multi-product player in the core cement business. We are today well-positioned to contribute significantly to India’s vision of world-class infrastructure.”
Capex Plans
On 2nd April, 2024, the Company commissioned its Integrated Cement Plant in Guntur district of Andhra Pradesh with cement capacity at 3.0 million tonnes per annum. The work on other 18 million tonnes capacity expansion projects already announced is progressing as per schedule. Upon completion, total cement production capacity of Company in India will reach to 74.80 million tonnes. The Company continues to work on different sites for further expanding its capacity.
RMC foray
During the quarter, the Company made its foray into Ready Mix Concrete (RMC) Business. It entered into an Asset Purchase Agreement with StarCrete LLP to purchase 5 RMC Plants in Mumbai Metropolitan Region of Maharashtra at aggregate consideration of ₹ 33.50 crore. Additionally, the Company also commissioned its first greenfield RMC facility of 90 cubic meters per hour capacity in Hyderabad, Telangana under brand Bangur Concrete. The Company has plans to setup ~100 Bangur Concrete plants in next 3 years, operating in ~50 cities and generating ~3000 direct and indirect employment opportunities.
Sustainability initiatives
- During the year, the share of green power consumption in total power consumption increased to 55.9% against 51.1% in the previous year. As a result of its rising green power consumption, the Company avoided 9.4 lakh tonnes CO2 emissions during FY 2023-24.
- In Q4’FY24, the Company commissioned green power capacity of ~ 80 MW capacity at different locations for catering to its captive requirement. The Company’s total green power generation capacity stands at 480.3 MW as on 31st March, 2024 vis-à-vis 385.6 MW as on 31st March, 2023. Additionally, the Company has initiated its efforts and taken actions for adding another 188 MW of green power capacity at various locations to further boost its green energy share for meeting its captive requirement.
- With a focus on consumption of agro waste, the Company increased use of agro waste from 1.19 lakh tons in FY 2022-23 to 1.24 lakh tons in FY 2023-24, replacing more than 352 billion kCal heat from fossil fuels compared to 317 billion kCal during last year. It is pertinent to mention that as part of its agro waste consumption, the Company also procured 18,865 tons of stubble during FY 2023-24 within the NCR region, to reduce the impact of stubble burning within the region.
- Use of biofuel helped avoid around 1.4 lakh tons of carbon emissions during FY 2023-24 vis-à-vis 1.2 lakh tons in FY 2022-23.
- To curtail the impact of hazardous waste on environment, the Company increased consumption of hazardous fuel from 1.72 lakh tons during FY 2022-23 to 2.39 lakh tons during FY 2023-24, replacing the fossil fuel-based heat by 107.2 billion kCal, compared to 53.9 billion kCal during the previous year. Out of the total hazardous fuel quantity, consumption of liquid hazardous fuel waste was increased from 0.93 lakh tons last year to 1.23 lakh tons during FY 2023-24. The Company has stepped up its efforts to substantially enhance the use of alternative fuels in the current year, which will significantly improve the TSR level in the coming period.
- The Company has improved its water positivity status from >6 times in FY 2022-23 to >7 times in FY 2023-24 owing to specific water conservation initiatives and reduced dependence on fresh water sources, including ground water.
Mr Neeraj Akhoury said, “We are recognised for our industry leading green credentials and innovative solutions. Our commitment to providing the most environmentally friendly building solutions to our customers remains steadfast. We are firmly on track to become a modern and green building material company.”
Membership of RE 100 initiative
During the quarter, the Company became member of the RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 percent renewable electricity for all their operations. As part of this initiative, the Company has committed to using 100 percent renewable electricity by 2050.
Bangur – The master brand
The launch of ‘Bangur’ as the master brand for all products was in response to changing customer sentiments and growing aspirations. By consolidating all offerings under the Bangur umbrella, the company offers a complete ecosystem of building materials and services under a single trusted name. This rebranding allowed stronger connections to be established with customers, offering them distinct experiences with the products. Guided by the core philosophy of ‘Build Smart,’ the company aims to empower architects, contractors, and homeowners to make choices that foster a stronger, more eco-friendly India.
Dividend
The Board of Directors of the Company has recommended a final dividend of ₹ 55 per share (550%) for the year 2023-24 subject to approval of members in the next Annual General Meeting. This is in addition to the interim dividend of ₹ 50 per share (500%) declared by the Board of Directors on 31st January, 2024.
Cement market outlook
Driven by the government’s strong emphasis on infrastructure development, sustained real estate activity and expectations of a good monsoon, the cement demand in India is expected to remain robust, in line with the country’s broader economic development goals.
16, May 2024
One Point One Solutions Limited ends FY2023-24 on a high; record 37.62 Percent revenue growth for Q4FY24
Mumbai, May 15th, 2024: 1Point1, the country’s leading Business Process Management Solutions company, Announced Q4 FY24 results today for the period ending March 31st, 2024.
Financial Performance
Highlights of FY24 v/s FY23
| Revenue Growth | EBITDA Growth | PBT Growth | PAT Growth | EPS Growth |
| 21.44% | 52.95% | 136.03% | 143.5% | 125.53% |
Highlights of Q4 FY24 v/s Q4 FY23
| Revenue Growth | EBITDA Growth | PBT Growth | PAT Growth | EPS Growth |
| 37.62% | 33.19% | 88.84% | 125.76% | 93.75% |
Performance Indicators |
Q4 FY24 | Q4 FY23 | FY24 | FY23 |
| Revenue | 53.29 | 38.72 | 175.16 | 144.23 |
| EBITDA | 15.53 | 11.66 | 56.76 | 37.11 |
| Profit Before Tax | 8.97 | 4.75 | 30.26 | 12.82 |
| Profit After Tax | 6.66 | 2.95 | 21.38 | 8.78 |
| EPS | 0.31 | 0.16 | 1.06 | 0.47 |
All values are in INR Cr.
Key Business Updates
| 1. ITCube Pvt Ltd. Acquisition on 22nd Feb’24
2. Performance Management driven by Gamification to drive productivity 3. Infusion of GenAI, RPA, and Intelligent Automation to enhance operational efficiency and throughput 4. Additional of new accounts with better margin 5. Existing Account mining to broaden service offering |
NSE: INE840Y01029 SECTOR: BPO/ITES – ANNUAL EARNINGS RELEASE | Q4FY24
Audited results for the quarter and twelve months ended March 31, 2024, are available in the Investor Relations section of our website
Quote from Management
Commenting on the Results, Mr. Akshay Chhabra, Managing Director said, “We are delighted to declare one of the best years in terms of numbers. Our efforts in doing business transformation using Gen AI and RPA is finally paying off. We have done our first acquisition this year to strengthen our base in the North America market. This will help us expand our American business at a better pace. IT cube also adds to our verticals in healthcare, F&A, and IT software development thus making us a full-stack player.
