AVPN highlights Axis Bank Foundation and ATE Chandra Foundation’s achievements within the climate action ecosystem

New Delhi, 16th  May 2023: Commemorating International Climate Day today, The Asian Venture Philanthropy Network (AVPN) – Asia’s largest network of social investors – has launched two new climate impact videos featuring members Axis Bank Foundation and ATE Chandra Foundation. The videos have been launched as part of AVPN’s Climate Impact Leaders video series, an initiative of AVPN’s Climate Action Platform 2.0. The Climate Action Platform aims to drive Asian leadership in the global climate agenda, channel more resources into climate action, and accelerate the global transition to a resilient, sustainable, positive future for all.

The next set of Climate Impact Leader videos shares insights into climate best practices from Dhruvi Shah, CEO, Axis Bank Foundation and Gayatri Nair Lobo, ATE Chandra Foundation in generating positive climate impact.

In the third video, Gayatri shares how ATE Chandra Foundation is scaling climate-positive solutions with tremendous support from Governments and local communities. These long-term solutions are being worked on at the intersection of climate and livelihoods, with a focus on farmers. She shares a rare insight into the challenges that the Foundation faced while deploying these solutions, especially when it came to the water rejuvenation system that they had created to tackle the water crisis in Rajasthan – and how they started inculcating farmers’ feedback in developing unique conservation models and systems.

In the fourth video, Dhruvi sheds light on the inception of Axis Bank Foundation’s Sustainable Livelihoods Programme, which since 2010 has been supporting rural families especially those who are small and marginal farmers, to enhance their income. She urges climate actors to be present, open, and listening to partners on-ground, while also negotiating for better outcomes for the community. She ends the video by requesting a call for collaborative action, where she states that networks like AVPN provide an opportunity for organisations and people to come together to have the hard talk and walk the hard talk.

On the occasion of International Climate Day and the launch of the videos for the Climate Impact Leaders series, Naina Subberwal Batra, CEO, AVPN said, “We are proud to capture the journey of India’s changemakers who have embraced the fight against climate change and integrated positive climate action into their business models. What we can all learn from them are exemplary models of tackling climate change with an intersectional lens – as climate change is disproportionately impacting areas spanning from healthcare to poverty alleviation. We hope by sharing these stories and various programme outcomes, we will be able to urge organisations to integrate a climate lens across their business models”.

The first two videos launched as part of the series last month on Earth Day featured the inspiring work of two foundations – Raintree Foundation and Rainmatter Foundation. Over the next few months, AVPN will launch their last set of videos as part of the series, in hope of influencing greater participation of philanthropy in India’s climate landscape.

Coca-Cola India And Zepto Expand Collaboration to Recycle PET Bottles in India

May 16th, 2023: Coca-Cola India and Zepto announced the expansion of their successful, first-of-its-kind collaboration in India to reinforce their commitment to plastic circularity. The ‘Return and Recycle’ initiative was launched in November 2022 as a pilot project in select locations of Mumbai. The unique initiative established an organized process of collecting PET bottles with 100% traceability, to ensure effective plastic waste management. It received an overwhelming response from consumers with over 100kgs of PET bottles collected and recycled as a part of the 60-day pilot.

Zepto and Coca-Cola’s collaboration is driving the digitization of their collection strategy by leveraging e-commerce platforms. This move towards digitization not only makes the process more efficient but also raises consumer awareness about sustainable collection models, making them a key stakeholder in the journey towards sustainability.

The initiative will now be scaled with collection bins deployed across hundreds of Zepto delivery hubs in Delhi NCR, Mumbai, Bangalore, Hyderabad, Chennai, Pune, and Kolkata.

Commenting on the expansion of the initiative, Abhishek Gupta, Chief Customer Officer Coca-Cola India and Southwest Asia, said, “The success of Coca-Cola’s partnership with Zepto has been characterized by strong synergies in sustainability and social responsibility. We are delighted to extend the partnership to other cities, continuing our efforts towards plastic circularity. With the ‘return and recycle’ initiative across India, we are furthering the company’s global goal of creating a world without waste.” 

Coca-Cola India’s partnership with Zepto intends to create a circular economy for plastic by connecting all participants in the PET recycling value chain. Leveraging the Zepto two-wheeler distribution network, the “self-sustainable initiative” seeks to ‘collect’ empty PET bottles of any brand from consumers, which then goes to the recycler as a raw material The initiative also demonstrates Coca-Cola’s commitment towards the Government of India’s Swachh Bharat Mission which promotes recycling as one of its core principles. It further aims to encourage its consumers to recycle PET by raising awareness on the importance of recycling and its positive impact on the environment.

Vinay Dhanani, Chief Operations Officer at Zepto, said, “This collaboration has been an exciting opportunity to demonstrate the potential of new-age e-commerce beyond business. We are proud to have built an agile and efficient last-mile network that seamlessly extends itself to innovative initiatives like this. Our aim is to constantly innovate and embed sustainable practices in all areas of operations at Zepto. Be it route optimization, EV or bicycle-led deliveries, sustainable packaging, or reducing waste, we are committed to reducing our footprint and sharing our vision with brands and the Government of India.” 

Coca-Cola India and Zepto’s ‘Return and Recycle’ initiative aims to promote and build lasting sustainable behaviour and reduce the environmental impact of plastic waste through shared purpose. This programme further serves as a testimony of how joint brand collaborations can help in creating a culture of sustainability and responsible consumption.

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Data Patterns reports 46% revenue growth and 32% PAT growth

Financial Performance

                                                                                                     INR in Crores

Financial Highlights

•  Net Revenue for FY23 increased by 46%.
•  Revenue from operations grew to INR 453 Cr in FY 23 as against INR 311 Cr in FY22
•  EBITDA grew by 22% to INR 172 Cr in FY23 as against INR 141 Cr in FY22
•  PBT for FY23 grew by 29% to INR 165 Cr as against INR 127 Cr in FY22
•  Profit after Tax for FY23 grew by 32% to INR 124 Cr as against INR 94 Cr in FY22

Canara Bank slashes the rate of Interest on Home loan & Vehicle loan for customers

Bangalore, May 15, 2023: Canara Bank slashed the rate of Interest on Home loans & Vehicle loans for customers. Canara Bank is offering Home loan interest rates starting from 8.55% & Vehicle loan interest rates starting from 8.80%.

Bank is also providing the benefit of 100% documentation charges waiver and concession in processing charges to all customers irrespective of the loan amount. The reduced Rate of interest will help customers to fulfill their dreams of owning a house and car with lower EMI.

Raheja Developers delivers Delhi’s most luxurious project

Raheja Developers, one of India’s leading real estate developers, has established a reputation for delivering high-quality and innovative projects across the country. The company is known for its commitment to excellence, attention to detail, and unwavering focus on customer satisfaction. Raheja Developers’ latest projects in Delhi, The Delhi Mall and Leela Sky Villas are no exception to this trend. The projects are setting new benchmarks in luxury living and commercial real estate of Delhi-NCR.

The Delhi Mall is a magnificent commercial project that promises to be one of the national capital’s largest and most luxurious malls. It is strategically located in the heart of Delhi’s business district, making it easily accessible to people from all parts of the city. The mall boasts world-class amenities, including high-speed elevators, ample parking space, and 24*7 security. It also features a stunning atrium with a skylight that floods the mall with natural light, creating an inviting and pleasant ambience for shoppers.

The Delhi Mall has something in store for everyone, from high-end luxury brands to affordable and accessible stores, developed amid a unique infrastructure. The mall’s retail space is spread across multiple levels, offering shoppers a vast range of options to choose from. The mall is also home to some of the best restaurants and cafes in Delhi, making it a popular destination for food lovers as well as those seeking a vibrant space to spend leisure time with their loved ones.

One of the standout features of The Delhi Mall is its luxurious office spaces, which are perfect for businesses looking for a prime location in Delhi’s bustling business district. The office spaces are designed to meet the needs of modern businesses, with high-speed internet connectivity, advanced security systems, and access to meeting rooms and conference facilities.

On the other hand, Leela Sky Villas is a residential project redefining luxury living in Delhi. It is located in the prestigious Kirti Nagar neighbourhood, known for its high-end homes and excellent connectivity to the rest of the city. The project features ultra-luxury homes with panoramic views of the city skyline, designed to offer residents the ultimate comfort and convenience. The project is developed in close proximity to a network of modes that connect it to different regions of NCR and other cities through roads, railways, metro rail, airport, etc.

Leela Sky Villas offers a range of apartments, from spacious 3 BHK units to opulent 5 BHK penthouses. The homes are designed to provide residents with a luxurious living experience, with sharp finishes, modern amenities, and personalised services. The project features world-class amenities, including a rooftop infinity pool, a fully-equipped fitness centre, a spa and wellness centre, and a concierge service to cater to residents’ needs.

Founded in 1990, Raheja Developers works with a vision to create world-class real estate projects that would transform the way people live and work in India. The company’s mission is to be a leader in the real estate industry, delivering innovative and high-quality projects that exceed customer expectations. Raheja Developers is committed to creating sustainable and environmentally friendly projects that contribute to the well-being of the communities in which they are located.

Over the past three decades, Raheja Developers has established itself as one of India’s most respectable and trustworthy real estate developers. The brand has a legacy of delivering some of the country’s most iconic and innovative projects, including Raheja Atlantis in Mumbai, Raheja Vihar in Pune, and Raheja Mall in Gurgaon. The company has won numerous awards and accolades for its commitment to excellence and developing premium projects for buyers across multiple genres.

Y20 and Le Rythme Celebrates 162 nd birth anniversary of Guru Rabindranath Tagore

New Delhi: –   On the birth anniversary of Kaviguru Rabindranath Tagore A seminar cum cultural evening program titled “Vasudhaiva Kutumbkam through the vision of Rabindranath Tagore” was organized by Y20 India in association with Le Rythme at Bipin Chandra Pal Auditorium, CR Park, Delhi. In the cultural evening, the artist of Le Rythme School of Music mesmerized the audience by performing a panoramic dance on Rabindra Sangeet.

Dr. Anirban Ganguly, Director of Dr. Syama Prasad Mukherjee Research Foundation and mentor of Y20 graced the occasion as Chief Guest, other Y20 officials including Sh Parikshit Payne, Officials from the Ministry of Culture, Government of India, Executive Director of GAIL India Ltd Sh Supriyo Halder, Rajib Mukhapadhyay the Co-Founder and Trustee of Le Rhythm were present along with other dignitaries. Dr Ganguly mentioned that Gurudev Rabindra Nath Tagore was the prime articulator and narrator of the thoughts of One Earth One Family One Future which is the key of India’s Presidency on G20. His work and thoughts were based on this principle. Eminent Author Sh Amit Goswami participated in the discussion. Y20 Coordination Head Sh Pathikrit Payne mentioned how India has supported the world in different ways during Covid and other crisis period with the belief of One Earth One Family. The performances by Young Artists of Le Rythme and Flute recital by Maestro Pt. Rajendra Prasanna could captivate the audience with the Songs, Music and Dances of Gurudev Tagore.

The performances were primarily based on the thoughts of Gurudev on beauty of nature, happiness, peace, harmony, across the globe. Rajib Mukhapadhay offered vote of thanks mentioning that Gurudev was the prime ambassador of Vasudhaiva Kutumbakam for the better world with the concept of one earth one family “ Where knowledge is free , where the world has not been broken up into fragments by narrow domestic walls, where words come out from the depth of truth … my father, let my country awake”

Analytical note by Mr. Pradeep Gupta, Chairman and Managing Director, Axis My India on ongoing Karnataka state election predictions

“Navigating the diverse landscape of Karnataka posed challenges due to its multitude of communities with varying socio-economic backgrounds. This was mirrored in the political arena, with major parties targeting specific communities like Lingayats, Vokkaligas, Dalits, and Muslims to secure their support. While BJP aimed to retain power, the Congress recognized its immense potential in the state. The three-way battle witnessed a transfer of votes among the electorate. The BJP experienced a surge in vote share in the influential Old Mysore region, indicating a shift from the dominant JDS, which traditionally garnered most of its seats there. This division of JDS’s vote share significantly aided the Congress party. Except for a close contest in Bombay Karnataka, where Congress and BJP vied for victory, the saffron party found success only in the Coastal regions. In all other areas, Congress held a commanding lead over its rivals.

This overwhelming support for Congress can be attributed to the people’s desire for change, the popularity of Siddaramaiah as the Chief Ministerial candidate, and the party’s promises of freebies and financial assistance for women and educated youth. While Modi’s appearance in the last leg of the campaign may have marginally increased the BJP’s vote share, it did not significantly impact Congress’ overall performance.

The above insights aligned with our exit poll data is well reflected in the ongoing results and are a true testament to the strength of Axis My India polling expertise. It has been a challenging journey for the team, which surveyed through a sample of 37,058 across varied communities and backgrounds but the parity between the poll and the results have only motivated them to continue their strive to understand the pulse of every India voter!”