~MYBYK has emerged as a boon to delivery boys who are adopting this eco-friendly commute for doorstep deliveries~
Ahmedabad, November 3rd, 2021: Amid the resurgence of business activities, online orders, too, have witnessed an uptick. MYBYK has emerged as a boon to delivery boys who are adopting this eco-friendly commute for doorstep deliveries.
Increasing out-of-pocket expenditure and variable pay rates put a financial strain on delivery boys. Adopting MYBYK as a mode of commute not only reduces the transportation cost for delivery boys but also ensures a greener commute, thereby mitigating carbon footprints.
One such case is of Mr. Ashok, a Swiggy partner delivering food in Ahmedabad, Gujarat. He travels across the city, delivering food on MYBYK.
“We are delighted to see somebody understanding our value proposition. It feels great when a MYBYK customer extracts maximum benefits from our services. As our premium customer, Ashok is entitled to unlimited rides, pick up, drop, and replace his MYBYK from any of our hubs. We hope that this helps Ashok make maximum deliveries and support his family to his highest potential. MYBYK is looking for such champions who are bringing real change and value addition to a sustainable city ecosystem” said, Arjit Soni, Founder & CEO, MYBYK.
When Ashok has to make a delivery at a short distance, he rides a MYBYK directly to the customer’s address. While making long-distance deliveries, he takes a MYBYK to the BRTS station and takes a BRTS towards the customer’s address. Upon reaching the nearest BRTS station to the customer’s address, he takes another MYBYK to the exact address.
Ashok says, “I love to cycle, and MYBYK is a pocket-friendly service. So I took the monthly subscription, and I ride on MYBYK to deliver orders.”
The festive season has already begun and with Diwali around the corner, the real estate sector, experts say, is all set to witness a boom in both commercial and residential property sales.
Owing to the positive sentiments in the market, property developers are confident that the sales momentum generated during this Navratri is going to pick up during Diwali and will continue to maintain its trajectory till the end of this year and beyond.
This comes at the backdrop of several industry reports suggesting that the residential and commercial sales along with new launches have shown significant growth in eight cities across India during Q3 2021. Further, homebuyers, businesses, and investors see Diwali as an auspicious time to start a new beginning by investing in real estate. Especially this year, the reason to invest in the real estate market goes beyond the traditional beliefs and has more to do with what the market has to offer. To lure prospective buyers, developers, marketers and financial institutions have come up with sparkling offers this festive season such as financial schemes, discounts, freebies, cashback, no EMIs, etc.
Mr. Rohit Garodia, Managing Partner, Pecan Reams
“People look forward to making good investment decisions during the festive season. It is a time when developers offer festive discounts to property buyers and investors. The rollout of several offers and schemes like zero stamp duty, furniture and home appliances, cashback, no EMIs, or lesser interest rates are common examples of such offers. Also, unlike the rest of the year, Diwali is considered to be the best time to invest in real estate because of the abundant availability of the new property. Developers also see this as an auspicious time to release property for sale,” said Mr. Rohit Garodia, Managing Partner, Pecan Reams.
Mr. Deepak Goradia- Vice-Chairman and Managing Director, Dosti Realty
Mr. Deepak Goradia- Vice-Chairman and Managing Director, Dosti Realty expressed similar sentiments. “The Post pandemic positivity in homebuyer sentiment has primarily led to momentum in sales. The combination of record-low interest rates being charged, a little more stability in the job market as it opens up, attractive property prices, and festive offers by developers are some of the reasons the market has picked up further.”
YouGov’s Diwali Spending Index, an indicator of spending propensity, suggests that out of the total people looking to invest in real estate, 72 percent are interested in residential property, 25 percent prefer commercial properties and as many as 38 percent will finance property through home loans and other means.
State governments across the country, to provide a sense of social belonging, acceptance, and promote homeownership, have gone the extra mile to roll out several policies in buyers’ favour. They are also working on creating robust infrastructures to bring major CBDs and financial districts close to residential areas.
Mr. Vipul Shah, Managing Director, Parinee Group
To promote homeownership, Mr. Vipul Shah, Managing Director, Parinee Group said, “The governments across the country have rolled out policies like lower home loan interest rates, concession in stamp duty, and registration charges. Besides this, it is also spending on creating robust infrastructures like coastal roads, metro corridors, and highways that will cut down travel time and distance from major CBDs and financial districts to home to a significant extent thus the demand for real estate has grown significantly.”
Working-class professionals who receive impressive appraisals and bonuses on Diwali, to avail significant capital appreciation, tap on the various offers available to them and make use of this period for asset creation.
“The upward trend in the stock market, besides Diwali, has made people to move their gains from financial portfolios into safe assets like residential and commercial properties,” said Mr. Rohit Garodia, Managing Partner, Pecan Reams.
JLL, a property consulting firm, in its survey, has concluded that more than 80% of the prospective homebuyers are expected to make a move in the coming three months. Further, experts believe that the modest increase in prices and record low mortgage rates of 6.5-7% will keep the sales momentum up and strong.
Across the globe, the Covid-19 pandemic has compelled homebuyers and businesses to re-prioritise amenities as well as evaluate how they use their space. The paradigm shift is redefining the concept of home and offices in terms of both the requirements and the demographics. Homebuyers have expanded their checklist to include the concept of holistic living. They are now looking for properties that include additional multi-functional space, business centres, car charging facilities for EVs, etc. Developers are also working towards designing homes and projects that will reduce contact and touchpoints to assuage the fear of the Covid-19 virus among people.
Mr. Aditya Kedia, Managing Director, Transcon Developers
“The Pandemic has made home buyers to re-prioritize amenities while investing in real estate. With this new trend, they are seeking amenities like elevators that are operated by the swipe of a palm, contactless delivery at homes, and security clearances for guests via QR codes, etc. So, whether it is within the building or what one gets within their flats, the demand for being in proximity of amenities available has grown,” said Mr. Aditya Kedia, Managing Director, Transcon Developers.
The festive season for the real estate market has no doubt kicked off splendidly and with the industry gearing up for a busy holiday season, Diwali this year will be a pleasant and lucrative one for property developers. Fence-sitters who were unable to make property-buying decisions during the lockdown are now willing to close deals before Diwali.
RPS International School, Sector 89, Gurugram celebrated ‘Haryana Day’ on November 2021, centered around the theme ‘CULTURE GULLY’ encapsulating a plethora of activities and a gamut of emotions. The chief guest was Mrs. Sumedha Mediratta. The guest of honour was Dr. Inderjeet Yadav, Sr. Scientist, NBRC. The other dignitaries who graced the occasion was Mrs. Snehlata. The event unfolded with the lightening of the lamp and welcome speech of the Principal Madam, Ms. Shiva Yadav. Dressed in their ethnic best, middle wing students put up an entertaining show through various folk dances of India. They also brought alive vivid aspects of rich cultural heritage of India with Science Exhibition, Culinary Skills and Rangoli Making. Under the banner of ‘EK BHARAT, SHRESHTHA BHARAT, an activity was organized to serve the day as a “reminder of the strength” of the country. With an objective to promote stakeholders’ engagement and participation towards the rejuvenation of river Ganga, a tree plantation drive also took place. The event was culminated with an urge to take a pledge to make the state No 1 state of the Country and promote its culture and tradition.
SINGAPORE, 3 NOVEMBER 2021 – Private market exchange ADDX has launched its first cryptocurrency product, with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM). The fund aims to provide accredited investors with a reliable option for crypto investing and has put in place institutional-grade safeguards in relation to the trade execution and custody of the fund’s underlying digital assets.
The TCM Digital Asset Fund takes a diversified approach to crypto investing. On top of core positions in Bitcoin and Ethereum, the fund invests in a set of seven other top-performing cryptocurrencies that are identified and reviewed regularly through a proprietary method of quantitative analysis. The fund recorded a net return of 215% in 2020 and 205% in the first ten months of 2021.
Relying on an institutional-quality infrastructure, the fund has an independent administrator, auditor, and custodian. It is among the first digital asset funds to be audited by KPMG. Custody and trading services are provided by the Nasdaq-listed Coinbase. Investors on the ADDX platform can subscribe to or redeem units each month with the fund manager. The fund’s minimum investment size is US$10,000.
Founded in 2017, the Australia-based Trovio Group is led by veteran bankers Jon Deane and Bob Tucker. Trovio CEO Jon Deane has more than 15 years of experience managing large complex risk positions for investment banks, including JP Morgan and UBS AG. He was Managing Director and Head of Asia Commodities Trading at JP Morgan from 2014 to 2018.
Mr. Deane said: “It has been a fantastic experience bringing our flagship fund to ADDX’s MAS-regulated platform. We are continuing to witness significantly wider adoption and appreciation of digital assets as a standalone asset class in a diversified portfolio. ADDX’s platform is enabling investors to seamlessly access these asset classes, whilst reducing friction often experienced via traditional channels. We look forward to working with the ADDX team on launching our other products over the coming months.”
Oi Yee Choo, Chief Commercial Officer of ADDX, said: “Cryptocurrencies are very likely the digital gold of our age. There is robust demand among investors for exposure to these digital assets. The traditional world of finance tried to keep a cautious distance initially. But today, major financial institutions either have a crypto offering or are seriously considering one. We believe the time for discussing whether cryptocurrencies have a place in an investment portfolio is all but over. The more relevant question now is around how one should manage the risk of crypto investments, from asset custody as well as a price volatility standpoint. Professionally managed crypto funds with a good track record can potentially address these risk concerns for investors.”
Ms. Choo added: “ADDX is pleased to work with Trovio on this first crypto offering to investors on our platform. The team led by Jon Deane has deep expertise in both traditional finance and the crypto space, and this is reflected in their rigorous approach to conceptualising and bringing to market this institutional-grade fund. As Singapore establishes itself as an important global hub for regulated crypto activity, ADDX seeks to make a positive contribution to the crypto landscape of the city, by adding to the rich diversity of high-quality offerings available to investors.”
ADDX, previously known as iSTOX, is a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody, and secondary trading of digital securities. Launched in 2017, the financial technology company raised US$50 million in its Series A round in January 2021. Its shareholders include Singapore Exchange (SGX), Temasek subsidiary Heliconia Capital, and Japanese investors JIC Venture Growth Investments (JIC-VGI) and the Development Bank of Japan (DBJ). Individual accredited investors using the ADDX platform today come from 27 countries, spanning Asia Pacific, Europe, and the Americas (excluding the US).
Rusty Weber honored for his dedicated leadership and continuing education in the insurance industry
(St. Louis, Mo., Nov. 3, 2021) O’Connor Insurance announced that long-time Senior Account Manager Rusty Weber was recently recognized for his contributions in the insurance industry.
Weber was honored by the Society of Certified Insurance Counselors for his 25 consecutive years of successfully maintaining the Certified Insurance Counselor (CIC) designation. The CIC Program, which is nationally recognized for its premier continuing education, is part of the nonprofit Society of CIC.
He also was awarded a certificate of achievement acknowledging 15 consecutive years of active affiliation with Certified Risk Managers (CRM), which is a member of The National Alliance for Insurance Education & Research. The CRM program is an independent education and designation program designed for professionals in risk management and related fields.
“These awards recognize the value of continuing education, which provides me with the ability to best serve my customers by staying up-to-date with matters concerning coverage and limitations,” said Weber. “Both the CIC and the CRM opportunities showcase the top performers within our profession, and I am truly honored to be a part of this elite group of designees.”
Founded in 1975, O’Connor Insurance is a full-service insurance agency that specializes in community associations, business, life, home, and auto insurance. The company is located at 12101 Olive Blvd. and is a member of Valley Insurance Agency Alliance (VIAA), a cohesive family of nearly 150 independent insurance agencies in Missouri and Illinois.
Founded in 2006, VIAA generates more than $350 million in written premium and is the regional founding member for the Strategic Insurance Agency Alliance (SIAA), a $10 billion national alliance.
For more information about O’Connor Insurance, call (314) 434-0038 or visit http://www.oconnor-ins.com.
New Delhi, November 02, 2021: HDFC Life, one of India’s leading life insurers has been an innovator in the product space. This Diwali, HDFC Life is offering a new-age, feature-packed product, HDFC Life Sanchay Fixed Maturity Plan that guarantees achievement of fixed financial goals.
HDFC Life Sanchay Fixed Maturity Plan is a non-linked, non-participating, individual savings plan, designed to provide guaranteed returns in the form of a lumpsum benefit. The plan offers individuals the flexibility to choose between single pay, limited pay or regular pay options. There are more than 500 premium payment term and policy term combinations available in this plan that enable customers to align the policy term with their goals.
India has a large population of individuals across various age groups who seek financial products that are a one-time investment, offering guaranteed returns along with liquidity. HDFC Life Sanchay Fixed Maturity Plan’s Single Pay variant is designed for such customers.
The introduction of the feature offering flexibility in terms of liquidity along with fixed guaranteed returns makes Sanchay Fixed Maturity Plan an attractive option in the life insurance product space.
Customers can purchase this plan singly or jointly and also opt for the life cover of their choice that can be 1.25 times or 10 times the annual premium.
The guaranteed returns combined with liquidity and life cover along with tax benefit (if opted for 10 x life cover option) make for a strong customer proposition.
Key features of HDFC Life Sanchay Fixed Maturity Plan
Guaranteed Savings: Policyholders can stay assured of the returns
Enhanced Benefit: Enhanced maturity benefit for higher premiums
Single/ Joint Life Cover: Option to choose cover on Single Life or Joint Life basis
Flexibility of Premiums: Option of single / limited/ regular premium payment term
Choice of Policy Terms: Option to choose from a range of policy terms up to 40 years
Optional Riders: Enables one to enhance protection coverage through payment of additional premium
Speaking on the launch, Srinivasan Parthasarathy – Chief Actuary, HDFC Life, said –“The pandemic has made it necessary for individuals to be financially prepared for the future – both short term and long term. Customers are looking for products that offer flexibility and can be customized to meet their needs. Keeping these requirements in mind we have launched our latest product.
HDFC Life Sanchay Fixed Maturity Plan offers complete flexibility in terms of premium payment term as well as policy term. The product offers flexibility in terms of liquidity along with age agnostic returns and a joint life savings option. HDFC Life Sanchay Fixed Maturity Plan is designed to cater to financial goals of customers across different age groups offering them higher fixed guaranteed returns for a desired tenure.”
Hyderabad, 2 November 2021: NMDC continues to outperform itself with iron ore production of 3.33 MT and sales of 3.58 MT in the month of October. The mining major registered a growth of 37% in production, the highest ever in any October month since inception and a rise of 42% in iron ore sales over the CPLY on the back of strong domestic demand.
(in Million Tonnes)
October
2020
October
2021
Up by
%
Upto October
2020
Upto October 2021
Up by
%
Production
2.43
3.33
37%
14.66
21.04
43%
Sales
2.52
3.58
42%
15.43
22.08
43%
Cumulative production and sale figures for the first seven months of the FY22, up to October 2021, stood at 21.04 MT and 22.08 MT respectively recording the best ever performance for any October month. The company achieved a 43% increase in production, which includes the 0.5 MT produced from Donimalai this October, and 43% in sales over the same period last year.
Congratulating the NMDC team for yet another impressive performance, CMD NMDC
Shri Sumit Deb said, “As India’s largest iron ore producer, NMDC’s performance is an indication of the prevailing positive market sentiment of the mining and manufacturing sector. We have more than one reason to celebrate the festive month of October. I’d like to congratulate the team on yet another excellent month and wish everyone on behalf of the NMDC family happy festivities.”
Hyderabad/ New Delhi, November 02, 2021: Three students of Aakash Institute from Hyderabad, Delhi and Mumbai the undisputed national leader in test preparation services, have created history by becoming Joint National Toppers securing AIR 01 and scoring a perfect 720/720 in the National Eligibility cum Entrance Test (NEET) UG 2021, much to the elation of their parents, and the entire staff of the institute.
The Aakashians who have secured AIR 01 in the prestigious medical examination are Mrinal Kutteri from Hyderabad, Tanmay Gupta from Delhi and Karthika G. Nair from Mumbai. Karthika is also the National Girl Topper.
Other students in Top 10 are Jashan Chhabra from Mangaluru, Shubham Agarwal from Meerut, Nikhar Bansal from Agra, Meghan H.K. from Mysuru and Rajat Goyal from Chandigarh who have all secured 715/720 and obtained AIR 05.
This is the second year in a row that Aakash Institute students have secured this feat in the NEET UG. Last year, Akanksha Singh from Kushinagar, Uttar Pradesh had scored a perfect 720/720. A feat that is unparalleled in the test preparation sector in the country.
Mrinal, Tanmay and Karthika are Classroom students who joined Aakash Institute in a two-year classroom programme to crack NEET, considered one of the world’s toughest entrance exams. They attributed their entry into the elite list to their efforts in understanding the concepts, and their strict adherence to their learning schedule. “We are grateful that Aakash Institute has helped us with both. But for the content and coaching from the institute, we would not have grasped many concepts in different subjects in a short period of time,” they said.
Congratulating the students, Mr. Aakash Chaudhry, Managing Director, Aakash Educational Services Limited (AESL), said, “This is a momentous occasion for Aakash. We are proud and elated that the students who have secured the highest possible score in the NEET exam this year and the previous year are from our institute. Producing top scorers two years in a row – this has never happened in the history of medical entrance before. Over 16 lakh students appeared for NEET 2021 from across the country out of which XX have qualified. Their achievement as top scorers speaks volumes of their hard work and dedication as well as the support of their parents. We wish them all the best with their future endeavors.”
He added that during the pandemic-hit academic years, Aakash Institute walked the extra mile to turn students into top scorers in NEET. “As an undisputed leader in NEET coaching in India, we stepped up our digital presence to be always available for our students. We made study materials, and question banks accessible online. We conducted several virtual motivational sessions and seminars on exam preparation and time management skills. It is heartening to see our efforts paying off, as evident from the score sheets of our students, many of whom are well on their way to get admission in top medical colleges of their choice.”
NEET is conducted annually by National Testing Agency as a qualifying test for students who wish to pursue undergraduate medical (MBBS), dental (BDS) and AYUSH (BAMS, BUMS, BHMS, etc.) courses in government and private institutions in India and also, for those intending to pursue primary medical qualification abroad.
Mumbai, 2nd November 2021: Surya Roshni, one of India’s largest Steel Pipes, Lighting and Consumer Durables companies, announced the appointment of Mr. Vinay Surya, the Whole Time Director as Managing Director, effective from 26 October 2021. Mr. Vinay Surya has done an MBA from Swinburne University, Australia and has contributed majorly to the vision and strategy of the Company. With his long-term vision, hard work and dedication he was responsible for starting the Steel Pipe Exports globally.
Announcing the appointment, Mr. JP Agarwal, Chairman, Surya Roshni said, “I am delighted to welcome Mr. Vinay Surya as the Managing Director, and he will share joint responsibility with Mr. Raju Bista, who has been Managing Director since 2012. Mr. Vinay Surya has an exceptional leadership track record, strong marketing exposure, deep strategic expertise and a unique ability to forge long-standing client relationships. They will work closely to take Surya Roshni to newer heights.”
Speaking on the occasion, Mr. Vinay Surya said, “I am grateful to our Chairman and the Board for bestowing this responsibility on me. We will continue to work towards making Surya stronger, agile and vibrant in the changing macro environment. We have a dedicated team of the best professionals in the industry and I am quite confident of achieving greater heights together. Surya has done a lot of measures to help the needy during the pandemic period,and will escalate its efforts towards the well-being of the Indian public. We are focusing on a new vision of Surya Roshni, and will work towards delivering more value for all our stakeholders.”
Rusty Weber honored for his dedicated leadership and continuing education in the insurance industry
