Adani Kattupalli Port inaugurated the Desiltation of Boat Parking Areas at Satthankuppam and Thirumalainagar village

Chennai: October 10th, 2023: Adani Kattupalli Port inaugurated the Desiltation of Boat Parking Areas at Satthankuppam and Thirumalainagar Village. The initiative will provide adequate basic infrastructure facilities benefiting 346 families from the 14 fishermen villages. The pooja was done by Mr. Sudip Dasgupta, CEO – Adani Kattupalli & Ennore Port in the presence of the community members, traditional leaders, and panchayat administration. Adani Kattupalli Port dedicated to community and societal development, and this initiative provides an assistance to underprivileged people.

This is a significant challenge for fishermen during the monsoon periods and natural disasters when safeguarding their boats, which are crucial for their livelihood. The displacement and damage caused by heavy rain and unforeseen disasters can have a significant impact on their ability to earn a living. Community support and government initiatives can play a vital role in helping them protect their boats and recover from such challenges. The low water levels and silt deposition in boat parking areas from February to mid-October are indeed challenging for fishermen. Having to physically push and park their boats under such conditions can lead to injuries and additional hardships. It’s crucial for local authorities and communities to address these issues by dredging or maintaining the parking areas, ensuring the safety and well-being of the fishermen.

The Panchayat & traditional leaders of Satthankuppam, Gunangkuppam, Thirumalainagar, Sembasipalli, LightHouse Nadukuppam, Vairavankuppam, Pasiyavaram, Kulathumedu, Edamani Kuppam, Edamani Colony, Israel Nagar, Karimanal, Karayar Kuppam and Rahmad Nagar have approached Adani Kattupalli Port to help them in desilting their boat parking areas. Considering the needs of fishermen communities and to support their livelihood, Adani Kattupalli Port came forward to support the fishermen’s through its CSR programs.

Speaking on the occasion Adani Kattupalli management said, “This initiative is a progressive step undertaken by Adani Kattupalli Port as part of its community welfare initiative. The port had received a requisition from the villages for the inauguration of the desiltation of boat parking project at Satthankuppam and Thirumalainagar village. This project will benefit to 346 families of the 14 fishermen villages and this will provide the right facilities to local people to organize social and personal events without facing the trouble of travelling. We are extremely delighted to be a part of the village’s growth & happiness.”

Axis Bank and Fibe Partner to Launch India’s First Numberless Credit Card

October 10, 2023: Axis Bank, one of the largest private sector banks in India and Fibe, (formerly known as EarlySalary), India’s leading Fintech, today partnered to launch India’s first-ever numberless credit card for tech-savvy Gen Zs.

With a numberless credit card, customers get an added level of security as there is no card number, expiry date, or CVV printed on the card plastic. This reduces the risk of identity theft or unauthorized access to customer’s card details ensuring absolute security and privacy. Customers can easily access their Fibe Axis Bank Credit Card details on the Fibe app, giving them complete control over their information.

The power-packed co-branded credit card offers industry-best features like cashback of flat 3% on online food delivery across all restaurant aggregators, local commute on leading ride-hailing apps and entertainment on online ticketing platforms. In addition, customers also get a 1% cashback on all online and offline transactions.

The card is powered by RuPay, which allows the customer to link this credit card to UPI. The card is accepted across all offline stores in addition to all digital platforms. It also offers the tap-and-pay feature for added convenience. Furthermore, this card has zero joining fee and zero annual fee for lifetime. This card will be available to Fibe’s existing 2.1 million+ customers.
Some of the other features of this card include access to four domestic airport lounges per quarter, fuel surcharge waiver for fuel spends between Rs. 400 and Rs. 5,000 as well as the added advantage of Axis Dining Delights, Wednesday Delights, End of Season Sales, and RuPay portfolio offerings available across all their cards.

On this partnership with Axis Bank, Akshay Mehrotra, Co-Founder and CEO of Fibe said, “We take great pleasure in introducing India’s first numberless credit card, in association with Axis Bank. This exceptional card represents a significant stride in our commitment to offering secure and inclusive financial solutions to the ambitious youth of India. We aim to empower our users with a safe and secure payment ecosystem clubbed with the convenience of UPI payments thereby establishing a fresh benchmark in the credit card industry.”

Speaking on this announcement, Sanjeev Moghe, President & Head – Cards & Payments, Axis Bank, said, “Axis Bank is a full suite cards & payments player, and we continue to build on innovation-led partnership models. We are committed to drive access to formal credit in India with various offerings that benefit our customers. We are delighted to partner with Fibe in this ground-breaking market revolution, with an opportunity to serve an expanding customer base. This numberless Axis Bank card will prioritize the security of our customers while offering a robust financial solution that empowers

the smart and ambitious youth of our nation. Our overarching banking strategy of being connected aims to foster inclusivity and enhance accessibility for the diverse and growing consumer segment.”

Already a leader in the personal loan for salaried professionals’ segment, Fibe now ventures into the expansive credit card market. It raised $110 million in its Series D funding last year and is now widening its geographic reach and diversifying its offering. The fintech was recently titled as the Best Startup in Fintech in the G20 Digital Innovation Alliance Mega Summit.

Sustaining mental health in the startup world, Lessons from Founders

In the fast-paced world of startups, where innovation and entrepreneurship reign supreme, the mental well-being of founders often takes a backseat. However, these visionary entrepreneurs are not just architects of innovation but also the guardians of their own mental health. On this World Mental Health Day, we delve into the stories of startup founders who are prioritizing their inner strength and resilience to thrive in the midst of the entrepreneurial storm.

From mindfulness practices and spiritual journeys to prioritizing self-care and creating supportive work environments, these entrepreneurs are redefining success in entrepreneurship by placing their mental well-being at the forefront.

Amidst the entrepreneurial storm, startup founders are the architects of innovation, but let’s not forget, we’re also the guardians of our own mental well-being. On this World Mental Health Day, let’s build resilience into our business plans and prioritize our inner strength. Our journey to success is anchored in nurturing a healthy mind and fostering a supportive community. Together, we’ll not only innovate but also thrive amidst the storm – Anshul Khurana, Co-founder, Entitled Solutions

As startup founders, we’re constantly faced with demands and pressures that can easily overwhelm us, leaving little room for self-care and mental well-being. However, I’ve come to realize that taking care of ourselves is not a distraction from our entrepreneurial journey but rather an essential part of it. For me, prioritizing self-care has been a game-changer. It’s about pausing, breathing, and checking in with myself amidst the excitement and challenges of entrepreneurship. This not only benefits my mental well-being but also enhances my productivity and overall satisfaction on this incredible entrepreneurial journey – Sourabh Deorah, CEO & Co-Founder, Advantage Club

In the relentless pursuit of entrepreneurial success, startup founders are not just building businesses; they’re also crafting their own well-being strategies. At Zell Education, we recognize the importance of nurturing the mental health of our entrepreneurial community. Through our pioneering finance and accounts Ed-tech platform, we empower founders with the financial knowledge and tools they need to navigate the stormy seas of entrepreneurship while prioritizing their mental health. Because only when the mind is in balance can true innovation and prosperity thrive – Anant Bengani, Director, Zell Education

The key lesson I’d like to share from my entrepreneurial journey is the importance of maintaining consistency in your daily routine to weather the highs and lows. It’s also crucial to prioritize your mental, physical & spiritual well-being, and one effective way to do this is through meditation. For me, the practice of Nichiren Daishonin Buddhism, which centers around the concepts of Human Revolution and cause and effect, has been transformative. It has helped me strike a balance between my professional and personal life, emphasize self-care, and continue my personal growth journey. These principles have served as my steadfast pillars of strength, providing stability amid the relentless challenges of entrepreneurship. – Saurabh Arora, Founder & CEO, University Living

Success in entrepreneurship is not solely determined by the number of deals closed or revenue generated; it is also deeply intertwined with our mental well-being and the value it adds in our professional lives. For me, it starts with recognizing the importance of recharging. I make it a priority to take time off, disconnect from work, and engage in activities that bring me joy and relaxation. This allows me to return to my ventures with renewed energy and a clear mindset. I ensure implementing self-care practices that promote my well-being, whether it’s exercising, practicing mindfulness, or pursuing hobbies that bring me fulfillment. Fostering a healthy work environment has also been crucial. I believe in creating a culture of support, open communication, and collaboration. – Rohit Gupta, COO, College Vidya

As entrepreneurs, we are driven by passion, ambition, and the desire to create something meaningful. However, in the pursuit of our goals, we must not forget the significance of our mental well-being. Surrounding myself with a strong support system of family, friends, and mentors who understand the entrepreneurial journey has been invaluable. Creating a positive work environment has been essential for maintaining my mental resilience. By fostering a culture of open communication, collaboration, and respect, I’ve built a team that not only shares my vision but also supports one another’s well-being. It’s about celebrating wins, learning from failures, and growing together – Anil Agarwal, CEO & Co-Founder, InCruiter

In managing an always-on digital agency as a woman founder, while juggling the responsibilities of a mother, prioritizing mental health isn’t a choice; it’s a necessity. Blocking dedicated time for critical tasks, prioritizing what’s really important, and fully immersing myself in quality time with my family to completely switch off and savor those moments are some of the strategies that work for me. Allocating time for solitude, taking long walks in green outdoors, and cultivating a network of happy, positive individuals who can inject doses of laughter when you need it the most are equally crucial. These little things can mean the difference between simply surviving entrepreneurship and thriving amidst it all – Zahara Kanchwalla, Co-founder & CEO, Rite KnowledgeLabs

“In my entrepreneurial journey, I’ve come to realize that mental health isn’t just a priority; it’s the very foundation of success. To navigate the turbulent waters of entrepreneurship effectively, it is paramount to focus on your mental health and over the years, I’ve ensured I do that. And it’s equally important to extend this commitment to our incredible Keka team.

At Keka, we believe that a thriving business is inseparable from the thriving mental well-being of our employees. Let’s remember that our collective mental well-being is the cornerstone upon which we build a brighter future at Keka and in our personal lives”. – Vijay Yalamanchili, Founder & CEO of Keka.

“Amidst the entrepreneurial storm, startup founders are the architects of innovation, but let’s not forget, we’re also the guardians of our own mental well-being. On this World Mental Health Day, let’s build resilience into our business plans and prioritize our inner strength. Our journey to success is anchored in nurturing a healthy mind and fostering a supportive community. Together, we’ll not only innovate but also thrive amidst the storm” Anshul Khurana, Co-founder of Entitled Solutions

Dr. Vivek Bindra is set to offer direct responses to any inquiries you have using the Bada Business Coach platform

The motivational speaker and Business Coach, Dr. Vivek Bindra has been guiding people across India for years on matters of business and entrepreneurship. He has taken the initiative to further promote the business sector in India through his role as the “Bada Business Coach.” His goal is to provide accurate and valuable information to anyone looking to get involved in business more easily.

In the month of September, on the 23rd and 24th, Dr. Vivek Bindra, along with Central Minister Shri Piyush Goyal, launched the country’s first AI Business Coach, known as “Bada Business Coach” or BB Coach. This business coach has the capability to solve all your business-related problems effectively.

What is “BB Coach”?

“Bada Business Coach” is an AI tool designed to provide personalized consulting solutions for everyone’s business-related issues. It listens to your queries and provides clear and direct answers, much like a personal consultant. This tool contains all the essential information related to business.

One unique feature of the BB Coach is that it incorporates all the content from Dr. Vivek Bindra’s YouTube channel and business courses. It also includes knowledge from the professors of “Bada Business Private Limited” along with information from the internet and business books.

What are the Key Features of “BB Coach”?

BB Coach is designed specifically for the common people of India and can understand and respond to your queries in both English and Hindi. It allows you to ask questions in Hindi and receive answers in the same language.

It not only answers your problems but can also help create outstanding social media content. It can design impressive logos for businesses.

BB Coach can assist in writing professional emails and WhatsApp messages, enhancing your professional communication. It can even help you create an excellent resume and prepare for your interviews.

Business research often requires a lot of time, but BB Coach can do research work for you quickly and efficiently. It includes case studies of business personalities from around the world, which can be very helpful.

How to Use “BB Coach”?

To use the BB Coach AI tool, you need to download the “Bada Business Community App” on your phone, where you will find the BB Coach.

In this era of rapid advancement towards a digital landscape, it becomes imperative to stay in tune with the evolving trends. Dr. Vivek Bindra has introduced an AI Business Coach in the business domain, aiming to facilitate the establishment of businesses for every Indian with ease and efficiency.

Lomar Collaborates With Alicia Bots to Help Modernise Biofouling Control Methods and Reduce Carbon Emissions

In a development poised to redefine hull maintenance and maritime sustainability, Lomar announces its collaboration with Alicia Bots Inc. This effort both integrates cutting-edge Robotic Hull Inspection and Grooming solutions into Lomar’s biofouling control practices as well as tests new use cases, marking a significant leap forward in the maritime industry’s pursuit of efficiency and environmental responsibility.

Lomar is to deploy Alicia Bots’ robotic technology on up to fifteen of its vessels. The autonomous hull cleaning technology provides a viable reduction in hull fouling, reducing fuel consumption, costs, and carbon emissions.

The multi-purpose magnetic crawler robots that have been developed by Alicia Bots can operate autonomously or remotely via a tether cable and are designed to carry out underwater inspection and maintenance tasks on a ship and other steel structures. The adoption of a proactive in-water cleaning program has been proven to reduce fuel consumption and as a result of that, greenhouse gas emissions. It also has the ability to prolong the service life of antifouling coatings, reduce the point source discharge and cost of reactive underwater cleaning programs as well as prevent the transport of invasive species.

Combining precision robotics and AI-powered analytics, these versatile crawlers are enabling safer, more efficient, and proactive practices. Apart from hull grooming, they are slated for use in cargo hold washing and cleaning, fire fighting, corrosion detection, reparation assistance, data collection, underwater inspections, and thickness measurements.

Lomar’s corporate venture lab, lomarlabs, will be involved in the collaboration, providing insight into the development of robotics to support maritime operations, particularly in the progress toward establishing the potential for autonomous marine drones. This promising new technology has the potential to reduce the need to send humans into dangerous environments in order to carry out essential maintenance work, such as underwater diving operations for routine cleaning.

Lomar is also making its ships available to Alicia Bots to test new use cases with a project that has received grant-aid from the Singapore MPA, to trial underwater inspections and cleaning in Singapore.

Lomar CEO Nicholas Georgiou says: “The dawn of AI has significantly altered the way we view technology as a tool to facilitate our maritime industry’s routine operations. Lomar is committed to supporting the development, fine-tuning and implementation of promising technological solutions that will transform our operational and environmental effectiveness. In the race to create autonomous systems to support hull cleaning and other essential maintenance jobs on vessels, Alicia Bots has developed stand-out systems that provide huge potential for transforming existing labour-intensive maintenance processes with more efficient and effective AI technology while also saving on fuel costs and emissions.”

Alicia Bots CEO Inder Mukhopadhyay says: “Our collaboration with Lomar is a testament to them and the maritime industry’s commitment to innovation and sustainability. Together, we are ushering in a new era of Hull grooming, where cutting-edge technology, like the ROVERCLEAN, not only ensures a clean hull at all times but also paves the way for a greener and more efficient maritime future.”

Tata AIG General Insurance announces seamless & real-time digital process for travel insurance claims

October 10, 2023, National: Tata AIG General Insurance Company Limited, one of the leading insurance providers in India, has introduced a faster and efficient online claims journey through a digital fast-track process for travel insurance claims. The process provides customers with a seamless, user-friendly resourceful platform where they can simply register their claim directly on the tataaig.com website, submit the relevant documents, and track its status, minimizing the need to engage with call centres or through emails. Tata AIG’s new process enables customers to file their claims through an easy-to-use digital claims platform, even while they are traveling.

Tata AIG’s new efficient, digital claims process offers travel insurance policyholders to file all types of claims for accident and sickness medical expenses and other relevant claims as applicable in policy coverage.

Through this new feature, insured will have access to a seamless digital platform that displays the critical information of claim during claim journey.

Speaking about digital claim process, Mr. Rajagopal Rudraraju, Executive Vice President and National Head, Accident and Health Claims, Tata AIG General Insurance Company Limited, said, “Travel insurance is the most effective guard one can have in case of an emergency while travelling. We recognise the importance of enabling our policyholders to be more digitally connected and have an accessible and straightforward claims process. It is an essential and a must have when you are facing any unexpected event. Digital claim journey is important for our travel insurance policy holders that will help them to file their claims and have access to real-time status updates from any part of the world.”

Travel insurance policyholders at Tata AIG can visit the company website, www.tataaig.com, register their claims, upload all relevant documents online themselves (no intermediary, agent, or Direct Selling Agent needed), check for claims status.

Acer India Signs Sunil Chhetri as Brand Ambassador for The Festive Season

Bangalore, 10th October 2023 – Acer India has introduced Sunil Chhetri, the renowned Indian football icon and captain of the Indian National Football Team and Bengaluru FC, as its brand ambassador. This partnership reflects Acer’s commitment to infusing youthful energy into the brand and inspiring individuals.

Sunil Chhetri’s exceptional leadership and dedication to football align with Acer’s core values of perseverance and dependability. He will represent Acer’s products in upcoming media campaigns. This collaboration underscores Acer’s dedication to promoting awareness of India’s digital transformation, marked by innovation and trustworthiness.

Sunil Chhetri, captain of the Indian football team and Bengaluru FC, said, “I am happy to be associated with Acer, a brand that’s pushing boundaries with innovation and technology. They’re all about inspiring young India, and it’s an effort that resonates with me.”

Sudhir Goel, Chief Business Officer, Acer India, echoed Chhetri’s sentiments, said “We are delighted to announce our partnership with Sunil Chhetri, a true sports icon and humanitarian whose remarkable achievements both on and off the field have left an indelible mark. Sunil Chhetri’s commitment to empowering youth and exceptional contributions align seamlessly with Acer India’s mission of using technology to empower individuals.”

Sooraj Balakrishnan, Head of Marketing, Acer India, said, “Sunil Chhetri is not just a football icon; he symbolizes determination and leadership, qualities that perfectly align with Acer’s principles. We take great pride in having him as our brand ambassador, and we believe that his influence will help us connect with India’s youth, showcasing the reliability and innovation that Acer embodies. Together, we eagerly anticipate inspiring and nurturing the aspirations of India’s younger generation.”

The partnership features a range of exciting initiatives, campaigns, and engagements. Acer is committed to using this collaboration to connect with young people, foster a culture of innovation, and encourage them to embrace technology as a tool for achieving their dreams.

Hive Energy’s Green Ammonia project integral to South Africa and Japan’s joint decarbonisation plans

Romsey, UK. 10.10.2023: Japan commits to helping facilitate international development funding, research and private sector participation to achieve a sustainable and affordable hydrogen and ammonia supply chain in South Africa.

A historic Memorandum of Cooperation between Japan and South Africa has been signed, recognising that South Africa has the capacity and ability to be an internationally competitive producer of hydrogen and green ammonia.

All the attendees gathered at South Africa’s Historical Memorandum of Cooperation with Japan. The event was celebrated in Tokyo at a Joint Workshop on Large Scale Hydrogen Projects. Colin Loubser, General Manager (Front row, grey suit and red tie) of Hive Hydrogen presented the Coega Green Ammonia Project.
South Africa’s Historical Memorandum of Cooperation with Japan was celebrated in Tokyo at a Joint Workshop on Large Scale Hydrogen Projects. Colin Loubser, General Manager (Front row, grey suit and red tie) of Hive Hydrogen presented the Coega Green Ammonia Project.

Hive Energy UK is playing the leading development role in Phase 1 of South Africa’s $5,8bn Green Ammonia project in Coega, Nelson Mandela Bay, to be commissioned in 2028. The plant will supply Japan, Korea, and Europe with over 900,000 tons a year, in the first of four phases, and Hive is confident that its Green Ammonia pricing for pre-2030 supply will be one of lowest globally. The first Japanese Investors have now started their due diligence to acquire a substantial stake in Hive’s Coega Green Ammonia Project and secure an offtake supply.

The Hive giga-scale project, with 1,200MW of Electrolysers to extract hydrogen from water, will benefit South Africa in many ways including creating over 20,000 jobs in an area with large unemployment and attracting other new industrial investors. Critically, in addition to its own 3,6GW of solar and wind plants, it will enable up to 9GW of other Independent Power Producer renewable energy projects to access the grid, helping to alleviate load shedding while decarbonising the grid, which is currently dominated by coal power generation. Most importantly, the Hive project is fully aligned with the Just Energy Transition that the country is committed to.

Giles Redpath, Hive Energy CEO, commented: “Hive has been working on renewable developments in Southern Africa since 2015 and on Green Hydrogen since 2018. It is encouraging to see how the South African Government has embraced the new green hydrogen industry. The opportunities this creates will enable our Coega green ammonia project to become a world-leading hub. When the production plant is commissioned in 2028, Green ammonia will be shipped from Nelson Mandela Bay to the Far East, and across the world. Our project will play a positive role in the partnership between South Africa and Japan as a source of renewable fuel supporting Japan’s world leading decarbonisation plans to power hard-to-abate industries, including supplying Green Ammonia for coal substitution in power stations and for maritime fuel to replace heavy fuel oil and diesel.”

Hive is developing eight green hydrogen/ammonia projects globally. Once complete, the Hive projects will have the capacity to produce some 8,500,000 tons of hydrogen/ammonia each year to support the global drive to net-zero emissions by 2050.

Puravankara Continues to Display Strong Performance in H1FY24, Records INR 2,725 crores in Sale Value

Bengaluru: Puravankara Limited (BSE: 532891), one of India’s most trusted and admired real estate developers, recorded a sale value of INR 1,600 crores for Q2FY24. This is the highest-ever for any quarter since inception, a 102 per cent increase, compared to INR 791 crores of sale value in Q2FY23.

The company also achieved a sale value of INR 2,725 crores in H1FY24. Up by 109 per cent when compared to INR 1,304 crores in H1FY24.

Commenting on the update, Ashish Puravankara, Managing Director, Puravankara Limited, said, “For the second quarter of FY24, pre-sales have increased more than twofold, showing a remarkable growth of 102 per cent compared to the same period last year.

With a robust pipeline of upcoming project launches, we are confident that we will sustain the momentum of pre-sales growth. These new launches are complemented by noteworthy achievements in sustenance sales, supported by efficient and swift execution, resulting in a 70 per cent year-on-year increase in collections.

These continuous improvements signify our company’s commitment to optimising operational efficiency, enhancing profitability, and strengthening our financial foundation.

As we embark on the path of driving incremental growth, our focus on new acquisitions is a key element of our expansion strategy. By strategically identifying and integrating businesses that complement our strengths and objectives, we aim to diversify our portfolio, enter new markets, and capitalise on emerging trends. We are confident to maintain the sturdy growth in pre-sales driven by new launches as well as sustenance projects.”

Key Sales Highlights

• Achieved highest ever sale value of INR 1,600 crores in any quarter and the second quarter of any financial year since inception. Up by 102 per cent compared to INR 791 crores in Q2FY23.

• Achieved sale value of INR 2,725 crores in H1FY24. Up by 109 per cent when compared to INR 1,304 crores in H1FY24.

• Customer collections from the real estate business increased to INR 879 crores in Q2FY24 in comparison to the customer collection of INR 518 crores in Q2FY23, which implies a jump of 70 per cent Y-o-Y.

• Average price realisation increased by 7 per cent to INR 7,947/sft during Q2FY24 from INR 7,419/sft in Q2FY23.

• We have launched 1 new project and 2 new phases in this quarter:

Quarterly Performance Summary:

Half Yearly Performance Summary:

Outlook

The Indian economy grew at 7.8 per cent in the first quarter of the current fiscal year, according to the data shared by National Statistical Office. The Reserve Bank of India (RBI) retained its GDP growth forecast of 6.5 per cent for FY 2023-24. The real estate sector is expected to expand to $5.8 trillion by 2047, contributing 15.5 per cent to the GDP from an existing share of 7.3 per cent, a joint report by Knight Frank and National Real Estate Development Council (NAREDCO) indicates.

The stability of unchanged interest rates is a significant catalyst, promoting growth and encouraging potential buyers to invest in the residential market.

As we enter the festive season, the group is confident of continuing this strong momentum with the upcoming festive season. We remain poised for continued growth, fuelled by strategic foresight, market resilience, customer-centric approaches, and an unwavering commitment to quality.