6, Nov 2023
Flora Cantina Modern Tex Mex & Tapas: Dallas Arts District’s Newest Culinary Gem Opens November 17, 2023
Dallas, TX, November 06, 2023, The Dallas Arts District, known for its vibrant culture and artistic flare, is set to welcome its newest culinary sensation: Flora Cantina Modern Tex Mex & Tapas. The Grand Opening event is set for Friday, November 17th, 5-7 p.m. at 2353 Flora Street, Dallas TX 75201. Flora Cantina is introducing a creative and stylish new take on Tex-Mex cuisine.
Located conveniently on Flora Street, Flora Cantina offers a dining experience that visitors, residents, and patrons of the arts can all enjoy. Admission to the grand opening event is free and guests can RSVP through the Eventbrite link on their website. The itinerary includes a ribbon cutting, live music, a baile folklórico performance, prizes, tray-passed appetizers, and cocktail samples.
The team behind this new restaurant concept is G Texas Catering & Events partnering with the AT&T Performing Arts Center. G Texas is known in the Dallas Arts District for being the Food and Beverage provider at the Center and the Moody Performance Hall. They also own and operate The Artisan Craft Kitchen, located on Flora Street as well, which has become a popular lunch spot for locals.
Flora Cantina is the newest destination in the Arts District for lunch, pre-show dinners, and late-night delicacies. The menu, inspired by regional Texan and Mexican flavors, boasts a variety of offerings: from unique street tacos and vibrant bowls to fresh salads and savory tapas. The bar menu offers an extensive range of signature cocktails and wine selections, curated for happy hour.
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- By Rabindra
6, Nov 2023
ICC National Sustainability Symposium Highlights India’s Ambitious Clean Energy Transition and the Critical Role of Sustainable Finance
New Delhi 06th November 2023: The Indian Chamber of Commerce (ICC) on Friday announced the successful conclusion of its National Sustainability Symposium, an event that placed a spotlight on the crucial issue of sustainable finance for clean energy transition. This symposium brought together key industry players, government officials, and experts to discuss India’s strides toward achieving net-zero carbon emissions by 2037, as announced by Prime Minister Narendra Modi at the COP26 climate summit.
Naresh Tyagi, Chief Sustainability Officer of the Aditya Birla Group, noted, “In our pursuit of sustainable development, India has set a remarkable target of achieving net-zero carbon emissions by 2037, as announced by Prime Minister Narendra Modi at the COP26 climate summit. This ambitious endeavor necessitates substantial financial support, with an estimated requirement of around $1 trillion over the next decade. India has made commendable strides in renewable energy, but transitioning from fossil fuels to clean energy is a monumental task. Sustainable finance, a collaboration involving government, business, and citizens, is the cornerstone of this transformation. Private sector investment is crucial to expedite climate solutions, and cooperation among all stakeholders is essential. The prospects for sustainable finance in India are promising, with government initiatives, Reserve Bank guidelines, and increasing demand for sustainability. As we move forward, active engagement from both the public and private sectors will be the key to success in achieving our sustainability goals.”
The Symposium commenced by recognizing India’s growing role in global climate transition. India has set an ambitious goal, spearheaded by Prime Minister Narendra Modi, to attain net-zero carbon emissions by 2037. To achieve this audacious target, an estimated $1 trillion USD will be required over the next decade. The Symposium celebrated India’s impressive advancements in renewable energy, showcasing a capacity increase of nearly 250% from 2014 to 2021, cementing India’s position as the world’s fourth-largest renewable energy producer.
The event emphasized the significant energy transition currently unfolding in India, with a strong focus on shifting from fossil fuels to renewable energy sources. This transition, however, brings its own set of challenges, including the need for affordable financing, effective institutions, and ensuring an equitable transition. The advantages of embracing clean energy are far-reaching, encompassing enhanced energy security, reduced import dependency, and increased rural productivity.
Central to the Symposium’s discussions was the pivotal role of sustainable finance, a collaborative effort involving the government, businesses, and citizens. India’s ambitious sustainability goals require significant financing, estimated at $10.1 trillion USD by 2037. Sustainable finance is regarded as a catalyst for expediting climate challenges and solutions, evident in the fivefold surge in green investments in India, largely driven by policies in renewable energy and transportation.
Sumit Sharma, Program Officer at the United Nations Environment Program, emphasized the interconnected nature of global challenges, underscoring that actions in one area often have positive effects on others. Neglecting one aspect of these challenges can have adverse consequences for all. Sharma stressed the urgency of addressing climate change and the pivotal role of a net-zero strategy.
India’s commitment to achieving net-zero emissions by 2070 was a significant highlight, with some states even setting more ambitious targets. The event also addressed the persistent issue of air pollution, the importance of managing plastics, and the need for innovative solutions.
Nikhil Kanodia, Chairman of the Northern Region at ICC, commended India’s impressive progress in energy availability and affordability, highlighting the diversification of energy sources and the stability of petrol prices. The Symposium showcased promising developments in biofuels and green hydrogen, signifying India’s journey towards energy sustainability.
The Symposium also spotlighted the collaboration between the Asian Development Bank and the Ministry of State Development and Entrepreneurship, which supports India’s energy transition, particularly in coal-dependent regions. The event underlined the importance of prudent financial management for green hydrogen production capacity.
The prospects for sustainable finance in India appear promising, with the Reserve Bank of India issuing guidelines to encourage green deposits and various initiatives promoting energy efficiency, green transportation, climate change adaptation, sustainable water and waste management, green construction, and biodiversity preservation.
The event concluded by stressing the role of both the government and the private sector in promoting sustainable finance. The government was encouraged to consider tax incentives and policy support, while the private sector was urged to adopt internal carbon pricing.
ICC’s call for integrated advocacy and support for sustainable finance resonates beyond the Symposium, setting the stage for a sustainable future. The event welcomed all participants to join this vital journey.
*About the Indian Chamber of Commerce (ICC)*
The Indian Chamber of Commerce (ICC) is a distinguished industry association in India, advocating for the interests of businesses and industries across diverse sectors. ICC is dedicated to promoting economic growth, sustainable development, and the well-being of the Indian business community.
6, Nov 2023
COLORS joins forces with the Ministry of Women and Child Development to support the ‘Beti Bachao, Beti Padhao’ initiative
Mumbai, 6th November 2023: COLORS, India’s leading Hindi GEC, today announced its collaboration with the Ministry of Women and Child Development’s ‘Beti Bachao, Beti Padhao’ initiative, to address the issue of girl child abandonment, through the launch of its new fiction show Doree. Television as a medium has played a huge role in holding a mirror to society and led to many women becoming agents of change.
With an aim to bring societal change and address the gender bias against girl child, through this association COLORS aims to raise awareness about the social evil of girl child abandonment. In addition to launching a primetime show on the subject, as part of this association, COLORS will promote the 24-hour emergency toll-free Childline India helpline number (1098) for those seeking assistance for any abandoned girl child across the nation. Doree, airing every Monday to Friday at 9:00 pm on COLORS, aims to generate popular conversation and thereby raise awareness on the issue of girl child abandonment.
Hon’ble Smt. Smriti Irani, Minister of Women and Child Development and Minority Affairs says, “Just as a nation’s progress is defined by how it treats its women and children, similarly entertainment’s impact is defined by how it can change mindsets. Under the guidance of our honourable PM Shri Narendra Modi, the Ministry of Women and Child Development has made great strides through the ‘Beti Bachao, Beti Padhao’ initiative in changing the way a girl child is perceived. I’m glad that our country’s foremost entertainment channel COLORS has joined in this initiative to create a show, Doree on the important but often overlooked issue of girl child abandonment. The channel will be raising awareness of our Childline India 1098 helpline amongst viewers and provide the much-needed popular support to this initiative.”
Kevin Vaz, the CEO – of Broadcast Entertainment, Viacom18, says, “We are honoured to be partnering with the Ministry of Women and Child Development to raise awareness about the prevalent issue of girl child abandonment through our new show, Doree and the ‘Beti Bachao, Beti Padhao’ initiative. As the country’s most-watched primetime entertainment destination, joining forces with the ministry to promote the Childline helpline number through our show is poised to catalyse meaningful behavioural change in society. We are hopeful that Doree will touch the lives of millions of viewers and bring focus on the social evil of girl child abandonment.”
The social drama revolves around a six-year-old Doree fighting against a patriarchal society for her rights and features popular television actors Amar Upadhyay as Ganga Prasad, Sudhaa Chandran as Kailashi Devi Thakur, and child actor Mahi Bhanushali as Doree.
Let’s pledge to bring a change in the society with ‘Doree’ premiering tonight at 9 pm and thereafter every Monday to Friday only on COLORS
6, Nov 2023
On2Cook adjudged the best emerging food tech of the year
New Delhi,6th Nov 2023: The World’s fastest cooking device On2Cook, an invention that could bring about profound changes in the cooking industry, has been adjudged the ‘Best Emerging Food Tech of the Year’. The invention by Sanandan Sudhir, which has created waves at multiple international events and was endorsed by hundreds of chefs & culinary experts globally, bagged the honor at the prestigious Food Connoisseurs India Awards – South India Edition 2023, the most influential business-to-business F&B event presided over by changemakers and top leaders in the HoReCa space.
“On2Cook is an invention with the potential to completely transform the food industry, as much as life in a normal household. This award is dedicated to the whole On2Cook team, for its passion, creativity, and dedication to excellence. We are elated that the AI-based combination cooking appliance is already disrupting the food-tech and cooking segments, and we cannot wait to transform every kitchen around the globe,” said On2Cook inventor Sanandan Sudhir expressing his happiness on the remarkable feat.
Notably, On2Cook has also been included in the Forbes DGEMS 2023 list among 200 select companies with global business potential. Speaking about the same, Sanandan added that he envisions On2Cook as India’s gift to the world and such stepping stones are always a shot in the arm for us.
On2Cook has previously won several prestigious awards globally such as the iF Design Award, the British Invention Show – Diamond Award for Best International Invention, and the Most Celebrated Invention at CES, Las Vegas 2022. The smart cooking device, which combines induction/flame and microwave cooking, initially made its mark in the grand finale of Shark Tank India Season 1. Less than a year ago, On2Cook had secured seed funding worth Rs 17 crore, at a valuation of the same INR 100 crore that was ironically rejected by the Sharks on the television show.
6, Nov 2023
OTSI develops UPAg (Unified Portal for Agricultural Statistics) for India’s Ministry of Agriculture and Farmers Welfare
UPAg portal aims to provide credible data on the agriculture sector to foster
informed policy and decision-making.
Hyderabad, November 06, 2023: Object Technology Solutions India Pvt. Ltd. (OTSI), an
established global IT services company, has designed and developed UPAg (Unified Portal
for Agricultural Statistics) for India’s Ministry of Agriculture and Farmers Welfare. This
innovative UPAg portal launched in September 2023 represents a significant step toward
empowering stakeholders with real-time, reliable, standardized information for more
efficient agricultural policies.
UPAg portal is a meticulously crafted platform designed to streamline and enhance data
management within the agricultural sector. It addresses the critical need for credible,
objective data to minimize the need for subjective judgment in policymaking, ultimately
fostering stability, transparency, and informed decision-making.
“We are happy to associate with the Ministry of Agriculture in this ground-breaking
initiative, which addresses complex governance issues in the farming sector. UPAg portal
will enhance data accuracy and improve digital data governance in agriculture. It will grant
users access to real-time, reliable, and standardized information, and this objective data is
expected to pave the way for more responsive and efficient agricultural policies,” said
Chandra Talluri, Chief Executive Officer of OTSI.
Presently, agricultural data in India is scattered across various sources, often presented in
diverse formats and units. The UPAg portal aims to rectify this by consolidating data into a
standardized format, ensuring easy access and comprehension for users. It will amalgamate
real-time information on prices, production, area, yield, and trade from diverse sources,
offering a holistic assessment of agricultural commodities.
Key Features of the UPAg Portal Include:
The portal has an automated process of generating crop production estimates by
triangulating the data from various sources such as IEG, Crop Weather Watch Group,
MNCFC, State Government Data, etc. Policymakers use these estimates and other
stakeholders to make informed decisions.
Data hosted on the UPAg portal helps to gain deeper insights into the agricultural
trends and resource utilization.
Data sharing between UPAg and State Governments allows for the generation of
more granular level estimates of crop production, which can be used to inform local
decision-making.
Primary data related to crop area, production and yield, and secondary data like
prices, market arrivals etc, are collected. Collection and curation of secondary
datasets from sources such as government agencies, private organizations, and
research institutions improve the accuracy and timeliness of crop production
estimates and enable a better understanding of market dynamics.
In summary, the UPAg portal serves as a comprehensive and reliable source of data and
analytics that can significantly improve decision-making and outcomes in the agricultural
sector.
6, Nov 2023
CYFIRMA launches India threat landscape report
Mumbai,6th November 2023: CYFIRMA, an external threat landscape management platform, has released the India Threat Landscape Report 2023 focusing on threats targeting India and strategies to counter them.
According to the report, India is the most targeted country, with 13.7% of all attacks followed by the US with 9.6%, Indonesia and China with 9.3% and 4.5% respectively. The number of cyberattacks on government agencies has increased significantly year-on-year. In the second half of 2022, there were 95% more cyberattacks on government agencies than in the same period in 2021. The number of state-sponsored cyber attacks in India increased by more than 100% in 2022 compared to 2021. India was the most targeted country in 2022 as attacks on government agencies more than doubled.
Healthcare is the most targeted sector by hackers followed by education, research, government, and military sectors. The data from the report shows that an organization in India was attacked 1,866 times per week on average in 2022.
The most common types of cyber attacks in India are /phishing attacks, malware attacks, and ransomware attacks. 78% of Indian organizations experienced a ransomware attack in 2021, with 80% of those attacks resulting in data encryption.
Kumar Ritesh, CEO & Founder, Cyfirma, says, “It comes as no surprise that India is the most targeted country in the world by threat actors. India’s growing prominence at the world stage and push from Western economies to favour India over other large countries, a young and tech-savvy population with low cybersec maturity has played a key role in hackers coming after critical assets, govt agencies with an intent to breach them and harm India’s strategic interests. While sectors like BFSI, healthcare and software companies have spent significantly on improving their security posture, there is an urgent need to understand the external threat landscape. We believe that unless you don’t know who to defend against, billions spent in cybersec will not yield expected results.”
India’s geo-political importance has never been greater than it is today. This has given way to threat actors uniting against India. A disturbing trend of North Korean threat actors collaborating with China and Russia has been observed with the former offering itself as a hacker as a service (HaaS) for financial gains.
Between Jan to July 2023, as part of the external threat landscape monitoring and analysis, CYFIRMA observed 39 campaigns targeting various industries in India. Known groups like FancyBear, TA505, Mission 2025, Stone Panda, and Lazarus Group are suspected to be behind these campaigns. Of these 39 campaigns, 14 have been orchestrated by China State-sponsored groups with the intent of espionage. 11 of these campaigns were planned by North Korea-backed hackers as part of HaaS. While 10 attacks originated from Russian threat actors, of which only 4 were state-sponsored.
Key trends and attack methods being used by threat actors:
Ransomware: Ransomware operators are continuously improving their techniques with the intent to intimidate and force victims to pay the ransom. At present, ransomware operators are suspected to follow a 4-layer approach of targeting organizations which includes:
1. Infiltrate into the target organization’s network.
2. Exfiltrate and encrypt data.
3. Demand ransom and “Name & Shame”.
4. Leave behind footprints in the targeted organizations to come back and attack again.
Crimeware- as-a-service: CaaS threats include SMS spoofing, phishing kit, custom spyware, hackers for hire, and exploit kit.
Carpet Bombing of SMEs: SMEs are not spared by cyberwar, businesses of all sizes are targeted.
Supply Chain disruption: Software supply chain will continue to be targeted
With the rising attacks, it is critical for the govts and Organizations to engage a comprehensive ETLM tool, which can take the intel gathered and relate it back to infrastructure, digital footprint, brand, industry, technology, and geolocation. Because when you unify different capabilities, you get a prioritized list of actions to prepare an effective response plan.
6, Nov 2023
Bank of India reports Net Profit increased by by 52% YoY to Rs.1,458 Cr for Q2- FY2024
KEY HIGHLIGHTS (Q2FY24)
- Net Profit increased by 52% YoY to Rs.1,458 Cr.
- Operating Profit increased by 11% YoY to Rs.3,756 Cr.
- Net Interest Income increased by 13% YoY to Rs.5,740 Cr. NIM (Global) improved by 4 bps YoY to 3.08%.
- Yield on Advances (Dom.) improved by 133 bps YoY. Gross NPA ratio down by 267 bps YoY.
- Net NPA ratio down by 38 bps YoY.
- Provision Coverage Ratio (PCR) improved by 62 bps YoY. CRAR stood at 15.63%, with CET-1 ratio at 12.60%.
- Global Business increased by 9.25%.
- Global Deposits increased by 8.68% YoY. Gross Advances increased by 10% YoY.
- RAM Advances grew by 12.32% YoY and it constitutes 55.50% of Advances. Retail Credit grew by 14.65% YoY.
- Agriculture Credit grew by 10.82% YoY. MSME Credit grew by 10.82% YoY.
- CASA deposits increased by 6.08% YoY and CASA ratio at 43.13%.
Profitability:
Q2-FY24:
Net Profit increased by 52% YoY and stood at Rs.1,458 Cr in Q2FY24 against Rs.960 Cr in Q2FY23.
Operating Profit improved by 11% YoY and stood at Rs.3,756 Cr in Q2FY24 against Rs.3,374 Cr in Q2FY23.
Net Interest Income (NII) improved by 13% YoY and stood at Rs.5,740 Cr in Q2FY24 against Rs.5,083 Cr for Q2FY23.
Non-Interest Income improved by 19% YoY and stood at to Rs.1,688 Cr in Q2FY24 against Rs.1,417 Cr in Q2FY23.
H1-FY24:
Net Profit increased by 98% YoY and stood at Rs.3,009 Cr in H1FY24 against Rs.1,521 Cr in H1FY23.
Operating Profit improved by 35% YoY and stood at Rs.7,508 Cr in H1FY24
against Rs.5,557 Cr in H1FY23.
Net Interest Income (NII) increased by 27% YoY and stood at Rs.11,653 Cr
in H1FY24 against Rs.9,156 Cr in H1FY23.
Non-Interest Income increased by 23% YoY and stood at Rs.3,150 Cr in H1FY24 against Rs.2,569 Cr in H1FY23.
Ratios (Q2-FY24):
NIM (Global) improved by 4 bps YoY to 3.08% in Q2FY24 against 3.04% in Q2FY23. It improved by 5 bps on a sequential basis from 3.03% in Q1FY24.
NIM (Domestic) stood at 3.47% in Q2FY24. It improved by 10 bps on a sequential basis from 3.37% in Q1FY24.
Return on Assets (RoA) improved by 20 bps YoY to 0.67% in Q2FY24 against 0.47% in Q2FY23
Return on Equity (RoE) improved by 230 bps to 12.64% in Q2FY24, against 10.34% in Q2FY23.
Cost to Income ratio (Global) stood at 49.44% in Q2FY24.
Slippage ratio stood at 0.34% in Q2FY24.
Credit Cost improved to 0.54% in Q2FY24 against 0.60% in Q2FY23.
Yield on Advances (Global) improved to 8.54% in Q2FY24 against 7.21% in Q2FY23.
Cost of Deposits (Global) stood at 4.49% in Q2FY24 against 3.54% in Q2FY23.
Ratios (H1-FY24):
NIM (Global) improved by 25 bps YoY to 3.05% in H1FY24 against 2.80% in H1FY23.
NIM (Domestic) improved by 23 bps YoY to 3.42% in H1FY24 against 3.19% in H1FY23.
Return on Assets (RoA) improved by 30 bps YoY to 0.68% in H1FY24 against 0.38% in H1FY23.
Return on Equity (RoE) improved by 545 bps to 13.72% in H1FY24, against 8.27% in H1FY23.
Cost to Income ratio (Global) improved by 332 bps to 49.29% in H1FY24 against 52.61% in H1FY23.
Credit Cost improved by 29 bps to 0.58% in H1FY24 against 0.87% in H1FY23.
Yield on Advances (Global) improved by 142 bps to 8.32% in H1FY24 against 6.90% in H1FY23.
Cost of Deposits (Global) stood at 4.35% in H1FY24 against 3.51% in H1FY23.
Business:
Global Business increased by 9.25% YoY from Rs.11,41,356 Cr in Sep’22 to Rs.12,46,879 Cr in Sep’23.
Global Deposits increased by 8.68% YoY from Rs. 6,47,541 Cr in Sep’22 to Rs.
7,03,751 Cr in Sep’23.
Global Advances increased by 10% YoY from Rs. 4,93,814 Cr in Sep’22 to Rs.
5,43,128 Cr in Sep’23.
Domestic Deposits increased by 8.61% YoY from Rs. 5,51,401 Cr in Sep’22 to Rs.5,98,850 Cr in Sep’23.
Domestic CASA went up by 6.08% YoY from Rs.2,42,230 Cr in Sep’22 to Rs.2,56,956 Cr in Sep’23 and the CASA ratio stood at 43.13%.
Domestic Advances increased by 9.80% YoY from Rs. 4,12,233 Cr in Sep’22 to Rs. 4,52,641 Cr in Sep’23.
RAM Advances increased by 12.32% YoY to Rs.2,51,197 Cr, constituting to
55.50% of Advances.
Retail Credit grew by 14.65% YoY to Rs.1,00,260 Cr in Sep’23.
Agriculture Credit grew by 10.82% YoY to Rs.77,206 Cr in Sep’23.
MSME Credit grew by 10.82% YoY to Rs.73,731 Cr in Sep’23.
Asset Quality:
Gross NPA declined by 8.28% QoQ from Rs.34,582 Cr in Jun’23 to Rs.31,719 Cr in Sep’23.
Net NPA declined by 1.73% QoQ from Rs.8,119 Cr in Jun’23 to Rs.7,978 Cr in Sep’23.
GNPA ratio improved by 83 bps from 6.67% in Jun’23 to 5.84% in Sep’23.
Net NPA ratio improved by 11 bps from 1.65% in Jun’23 to 1.54% in Sep’23
Provision Coverage Ratio (PCR) stood at 89.58% in Sep’23 against 89.52% in Jun’23.
Capital Adequacy:
As of 30.09.2023, the Bank’s total Capital Adequacy Ratio (CRAR) was at 15.63% against 15.60% in Jun’23.
CET-1 ratio stood at 12.60% as of 30.09.23.
Priority Sector:
Priority Sector Advances increased by 9.25% YOY and achieved 42.95% of ANBC as of Sep’23. Agricultural advances achieved 19.31% of ANBC.
Advances to Small and marginal Farmers achieved 12.48% of ANBC in Sep’23 against the regulatory norm of 10%.
Advances to Weaker Sections achieved 15.53% of ANBC in Sep’23 against the regulatory norm of 12%.
Financial Inclusion:
PMJDY accounts increased to 289 lakhs as on Sep’23 from 276 lakhs in Sep’22.
(No. in Lacs)
| JANSURAKSHA ENROLLMENT | 30.09.22 | 30.09.23 |
| PMJJBY | 65.05 | 104.14 |
| PMSBY | 158.47 | 248.97 |
| APY | 23.96 | 30.11 |
Digital Banking:
Internet Banking users: Increased to 8.66 million in Sep’23 from 8.28 million in Sep’22.
Mobile Banking users: Increased to 9.12 million in Sep’23 from 7.14 million in Sep’22.
The number of UPI users increased to 17.16 million in Sep’23 from 14.14 million in Sep’22.
Digital Products:
Bank has created end-to-end Digital products, viz. SB accounts on the deposit side and Mudra/KCC/Personal loan/pensioner loan on the loan segment.
Customers can open SB accounts and avail of loans without visiting the branch.
There are more than 15 products that will be rolled out in Q3 & Q4 of this year.
We are targeting at least Rs.10,000 Cr of business through Digital products by
the end of this financial year.
Branch Network:
As of 30th Sep’23, the Bank has 5135 Domestic branches.
Rural: 1855 (36%), Semi-Urban: 1456 (29%), Urban: 830 (16%), Metro: 992
(19%).
Awards & Accolades:
‘Shine and Succeed 2023’ award from PFRDA for performance in Atal Pension Yojana.
‘Rise above the Rest 2023’ award from PFRDA for performance from 1st July 2023 to 16th August 2023 in Atal Pension Yojana.
6, Nov 2023
Gold prices quote from Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL)
Quote from Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL) on gold prices during the Federal Reserve
Gold prices are trading steady around Rs 61000, supported by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in gold were limited by increased risk appetite. As was generally anticipated, the central bank kept interest rates unchanged on Wednesday.
Markets, however, were pricing in a lower likelihood of any additional rate hikes following remarks made by Fed Chair Jerome Powell, who also noted that financial conditions have significantly tightened in recent months. Gold prices, if it sustains above 61100, can rise to 61400. If it sustains below 60700, can retrace up to levels of Rs 60200, due to the profit-booking of a steep rally.
6, Nov 2023
Erekrut Achieves Remarkable Growth, crossed 1m Plus New Users to its Platform in Oct 23 registering a growth of 100 Percent Plus
Mumbai, 6th November 2023: Erekrut, an online recruitment solution provider, is proud to announce a significant milestone in its journey as it registered traffic for 1m+ new users on its platform on Oct 23. As of October 2023, Erekrut boasts a user base of 4,651,959 jobseekers, 1759 recruiters, and 708 campuses, with a remarkable influx of 1m+ new users.
Erekrut’s mission is to simplify and enhance the recruitment process for job seekers, recruiters, and campuses. Since its beta launch in 2020, the platform has grown exponentially, with 4.6 million candidates, 1,700+ recruiters, and 700+ campuses already on board. Furthermore, the revamped site, which introduced campus functionality in March 2023, started generating revenues in August 2023, with a projected EBITDA of INR 61.06 crore by 2028.
Users from prominent Indian cities such as Delhi, Lucknow, Hyderabad, Bengaluru, Pune, Ahmedabad, Mumbai, Jaipur, and Patna have embraced Erekrut’s innovative platform. Recruiters, including Amazon, Paytm, Zomato, HCL, Accenture, East India Transport Agency, CCI Logistics Limited, Gold Plus Glass Industry Limited, Sai Group of Hotels, Mail Removal and Storage India Private Limited, Byjus, Tech Mahindra, PVR Cinemas, IDFC First Bank Limited, SBI securities, Ienergizer, Teamlease & Reliance Nippon Life insurance have recognized the value of Erekrut in their talent acquisition strategies. Additionally, Erekrut has partnered with esteemed campuses, such as the Indian School of Hospitality, Guru Nanak Dev Engineering College Bidar, Graphic Era (Deemed to be University), Aligarh Muslim University, and more.
In a significant move towards expanding its network, Erekrut has also associated with Amity Innovation Incubator to help Amity incubated startups find the best talents. More such partnerships are in the pipeline, promising to bring numerous startups on board as recruiters.
Erekrut’s future plans encompass ambitious growth strategies designed to further empower job seekers, recruiters, and campuses. These initiatives include increasing platform traffic by leveraging targeted digital marketing campaigns, SEO, and social media engagement to reach the goal of 100,000 daily visitors by the close of Q4 2023. Additionally, Erekrut intends to expand its recruiter base through partnerships with esteemed corporates and recruitment agencies, employing in-house sales teams, email/SMS campaigns, and social media advertising, with the objective of onboarding over 5,000 recruiters by the end of Q4 2023.
The platform also aims to grow its campus network by partnering with more campuses, utilizing strategies like career fair participation and word-of-mouth marketing to onboard over 2,000 campuses by the end of Q4 2023. The platform offers recruiters free access to 100K+ job-related questions for 1,300+ job roles and 2,000+ job description templates while posting jobs on Erekrut. Finally, Erekrut is committed to enhancing user acquisition by optimizing the user experience, leveraging social media channels, and running targeted ad campaigns, with the ultimate goal of attracting 10 million job seekers by the end of Q4 2023. These comprehensive strategies will drive Erekrut’s continued success in the recruitment industry.
Ajay Goyal, Co-Fouder & CEO of Erekrut, remarked, “Attracting 1m+ new users is a testament to our commitment to transforming the recruitment landscape. We’ve come a long way since our beta launch in 2020, and our journey has only just begun. With a laser focus on innovation, partnerships, and user experience, we aim to be the go-to platform for job seekers, recruiters, and campuses alike. Our future plans, including the expansion of our recruiter base and campus network, are poised to create a thriving ecosystem that benefits all stakeholders. We are excited about the path ahead as we strive to make recruitment smarter, simpler, and more efficient for everyone.”
Erekrut’s remarkable growth and commitment to serving the needs of job seekers, recruiters, and campuses have positioned it as a game-changer in the recruitment industry. With strategic plans in motion, Erekrut remains poised to lead the way in making recruitment smarter, more accessible, and highly efficient by connecting talent with opportunity and fostering a brighter, more prosperous future for all.
6, Nov 2023
1st Congress of the Indian Society of Aesthetic Medicine: COSCON 2023 inaugurated at New Delhi
The Indian Society of Aesthetic Medicine (ISAM) is proud to announce the inauguration of COSCON India 2023, the 1st Congress dedicated to the art and science of Aesthetic Medicine. This exciting event is set to take place on the 4th and 5th of November 2023 at the esteemed venue, The Grand Hotel, located in the vibrant heart of India, New Delhi.
The event will be graced by prominent personalities and dignitaries like Justice Talwant Singh – Delhi High Court Judge; Mr. Deepak Kedia – Inspector General of Police, Head of NSG; IRS Mr. Nagendra Yadav (Commissioner GST Delhi, Ministry of Finance; IFS Mr. Narain Singh, Ambassador of South Africa, MEA (Ministry of External Affairs) and Mr. Kamal Yadav, Chief of Corporate Relations Manager G.E (Great Eastern), India’s largest and oldest Shipping, Former APS to Mine Ministry, Government of India as Guest of Honour alongside many distinguished international speakers and delegates.
CosCon India 2023 promises to be a must-attend gathering, marking a significant milestone in the field of Aesthetic Medicine. The congress will bring together a diverse spectrum of professionals including surgeons, physicians, and experts from various related disciplines, creating an ideal platform for knowledge exchange, networking, and professional growth. Participants from India and around the world will converge to engage in discussions on the latest advancements, challenges, and breakthroughs in the field of healthcare.
The theme of the conference, “COSCON 2023: Aesthetics Beyond Borders,” underscores the constant evolution and global impact of Aesthetic Medicine on the healthcare landscape. This theme reflects the commitment of ISAM to foster collaboration, innovation, and excellence in the field. The conference promises an exceptional program, featuring renowned experts, workshops, panel discussions, and cutting-edge presentations that will equip attendees with the latest knowledge, techniques, and skills to excel in the ever-evolving world of Aesthetic Medicine.
“ISAM is grateful for the support and participation of all attendees, sponsors, and partners who have contributed to the success of COSCON India 2023. This congress represents a significant leap
forward in the advancement of Aesthetic Medicine and ISAM looks forward to continued growth, collaboration, and innovation in the years to come” said Dr. Ajay Rana, Founding President of ISAM and organizing Chairperson of CosCon India 2023.
Prominent keynote speakers who will bring their expertise and insights to the forefront of the Congress include Prof Dr. Kulwant S Bhangoo, USA, Prof Dr. Emanuele Bartoletti, Italy, Dr. Blanca Miller Kobisher, Mexico, Dr. Sergio Rada, Colombia, Dr. Alexandra Rada, Colombia, Prof. Dr. Andrzej Ignaciuk, Poland, Prof Dr. Oksana V. Vladimirova, Russia and many more esteemed professionals in the field.
The congress serves as a comprehensive platform to keep participants informed about the latest developments in aesthetic medicine. Attendees will gain insights into cutting-edge injectable procedures, energy-based technologies, advanced chemical peels, upgraded skin and hair care procedures, effective body contouring techniques, mesotherapy, and many more innovative practices.
CosCon India 2023 is the ideal setting to explore and share the most recent advances in the dynamic world of cosmetic medicine. This event is set to be a star-studded spectacle, with luminaries of the industry hailing from both India and abroad. These pioneers will share their experiences, knowledge, and the latest advancements in the ever-evolving field of aesthetic medicine. Attendees will have the unique opportunity to interact with these global influencers, forging new connections and expanding their horizons.
This congress is a unique platform for all delegates to engage in meaningful scientific discussions and exchange experiences, ultimately broadening the horizons of their clinical practice. This event aims to foster collaboration and catalyse innovations in the realm of Aesthetic Medicine.
