• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Archive: November 1, 2021

Vikas Singhania, CEO, TradeSmart
business

What is the Significance of Muhurat Trading?

Nov 1, 2021 by Neel Achary 0 Comments

By Vikas Singhania CEO at TradeSmart

Muhurat Trading started back in 1957 on the BSE and in 1992 on the NSE as a one-hour window termed as Muhurat Trading as it is performed after LaxmiPujan on the day of Diwali. Considered as an auspicious time for traders to enter the market, many investors think that the planets are aligned during the Muharat occasion in such a way that trading done during this time is free of the influence of bad forces, and anyone investing in the market at this period is more likely to have a profitable outcome.

The Bombay Stock Exchange and National Stock Exchange decide the timing of Muhurat Trading each year, and according to the belief, whoever trades during this one hour has a better chance of accumulating wealth and prospering throughout the year.

This year, stock exchanges will hold the customary one-hour special ‘Muhurat’ trading between 6:15 p.m. and 7:15 p.m. on 4th November. The block deal session will take place from 5.45 p.m. to 6 p.m and the pre-open session will begin at 6 p.m. and end at 6:08 p.m.

On the Muhurat trading day, the Sensex usually closes higher. In addition to stock exchanges, commodity exchanges offer Muhurat trading for investors. For the business community, the new fiscal year begins with Diwali. The business owners perform the ‘Chopda or Sharda Puja’ in which all the old account books or ledgers are closed and new ones are opened.

Traditionally, it has been one of the most auspicious times to trade and garner profits to set a prosperous tone to new financial beginnings and goals. For someone who has never invested in stocks before or never been into the trading industry, this could be the right opportunity to give it a good start and earn a high ROI.

While the Muhurat Trading practice started more than 60 years ago, it still is not known by most Indians and is a lost opportunity to make smart money by trading enthusiasts. This trend has flourished through the years amongst the Trading community, however, it has a lot of untapped potential to increase numbers and volumes of trade. Millions of millennials and Gen Z Indian population are unaware of this incredible opportunity, and being in this segment, we aim to introduce them to this opportune concept.

Peter Herweck, CEO, AVEVA
technology

AVEVA Reports Progress on Gender Diversity and Publishes Ethnicity Pay Gap Data

Nov 1, 2021 by Neel Achary 0 Comments

Mumbai, India, 1 November 2021 – AVEVA, a global leader in industrial software, driving digital transformation and sustainability, is publishing its first Gender and Ethnicity Pay Gap Report. In addition to reporting on its global gender pay gap for the second year, the company has collated data on race and ethnicity for the first time, starting with employees in the UK and US, two of its largest countries. It is one of only 14 FTSE 100 companies to do so. This is a complex subject and circumstances vary by country, but AVEVA believes it is important to start to address this topic where it can; disclosing and understanding the data is an important step in its journey.

“We are committed to leading progress and being transparent about our plans, which we are demonstrating with our first DEI targets,” says Peter Herweck, CEO of AVEVA.

The company’s global gender pay gap continues to close, and there were improvements in 15 of its largest 20 countries. AVEVA was pleased to achieve such high disclosure rates for its ethnicity pay gap analysis with 84% and 95% of the workforce participating in the UK and US respectively.

AVEVA is committed to creating an inclusive company culture that promotes equity and belonging for its employees and customers. The company has an important opportunity to become an employer of choice for STEM candidates and an inclusive place to work for all employees and future employees from diverse backgrounds.

It is pleased to have set its first Diversity, Equity and Inclusion (DEI) targets focused on gender diversity:

  • 50% Women new hires by 2030
  • 40% Women managers by 2030
  • 30% Women in leadership by 2030

The company is in the process of setting goals and targets for ethnicity/race, disability, sexual orientation and religion and belief which are aligned to its global strategy to improve other areas of DEI.

Currently there are no regulatory requirements in the UK to report on ethnicity pay gaps, however, AVEVA believes in data transparency and the value of data to inform strategy and decisions and support current action to make this mandatory in the UK. With respect to hiring, training and promotion practices, it will provide insight to promote equity and belonging, and a workforce that reflects the communities in which it operates. AVEVA is continuing to drive forward its Diversity, Equity, and Inclusion plan to achieve this and looks forward to sharing learnings across its business and with likeminded organisations.

AVEVA was pleased to be recognised for its efforts at the recent Global Equality and Diversity Awards where it won the Transparency Award and secured a commendation in the Inclusive Workplace Award.

Herweck adds, “We believe that AVEVA is enriched by diversity and are making effort to bring about positive change together, ensuring AVEVA is a great place to belong.”

To find out more about the actions and progress that AVEVA has made, you can read the full report here: https://www.aveva.com/en/about/gender-and-ethnicity-pay-gap-reporting/.

Education

Noida International University organised fresher’s party “NOVATO FIESTA 2k21”

Nov 1, 2021 by Neel Achary 0 Comments

November 2021: Freshers’ day is the first day of college life, which marks the beginning of a new journey in a student’s life. It is the day when the college extends a warm welcome to its new batch of students. In the same spirit, Noida International University organized the “Freshers party “NOVATO FIESTA 2K21” on 29th October 2021 The Honourable Chief Guest of the day was Dr. Vikram Singh, Chancellor NIU, Dr. Parsanjeet Kumar, Pro Vice Chancellor NIU, Dr. Jayanand, Registrar, NIU shared the stage with other dignitaries for felicitation.

Noida International University

As per the schedule, the programme started sharp at 12.00p.m. Invoking the blessings of God, followed by the lighting of the lamp by all dignitaries, heads of various departments and students followed suit on stage. On this occasion senior students welcomed the gathering, introduced all the guests of honour and formally welcomed the new batch of student. Leaders don’t create followers, they create more leaders – was the message delivered to the students as the Dignitaries addressed the gathering. Urged the students to be tough and allow themselves to be moulded by the institute so that they turn out to be magnificent leaders of the society. The grand event was followed by Mr & Ms Fresher’s, Mr & Ms Spark of the day, Mr. & Ms. Charming competition where students had performed in various categories and showcased their talent. The entire competition was judged by the eminent jury Members. On the basis of their performance Mr. Nayan and Ms. Garima Khanka were adjudged as Mr Freshers and Ms. Freshers respectively. Mr & Ms Spark of the day were Mr Jayant and Ms. Shubhangi and Mr & Ms Charming was Mr. Arnas and Ms. Divya respectively. A variety of cultural programs, like singing, dancing , Ramp walk, Mimicry were held to ensure that old and new students could mix very well. The entire event was successfully covered by the Cultural Committee of NIU.