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Archive: January 31, 2022

Party Petals
business

Party Petals inaugurated its flagship store at Selaiyur, Tambaram

Jan 31, 2022 by Gouri 0 Comments

Chennai, 31, January 2022: The most preferred and celebrated brand, Party Petals opened its flagship store at Selaiyur near Tambaram. The store was inaugurated in the august presence of prominent guests and customers. The founder of the brand Mrs Jeeva K inaugurated the store formally by cutting the ribbon. Party Petals has created a niche for itself in the TN market. The inauguration of the store will help customers choose from the wide range of imitation jewellery for rent, fashionable flower arrangements along satisfaction with them.

Established in the year 2014 Party Petals engaged in wedding flower arrangements and jewellery rental services. Our range of products encompasses stunning antique, brass, matte finish and American Diamond (AD) bridal jewellery designs. The best of best designs are highly appreciated by customers over the years for the product’s elegant designs, trendy patterns and superior quality. The store is located at Mahalakshmi Nagar on Tambaram – Velachery main road. The store caters to a wide range of fashion jewellery and flower arrangements for the brides-to-be.

Speaking on the occasion Jeeva K, Founder, Party Petals said that “Party Petals as a brand is known for its trust and range of designs to choose. With a vision to succeed in the business landscape and a deeper commitment to offering best-in-class quality products to customers, we are pleased to announce the launch of our flagship store. We are positive that this new store holds great potential and will be a preferred fashion jewellery destination for the brides-to-be.”

Further speaking she said that “Jewels has been a status symbol more than a fashion statement. Women have decorated themselves with the best jewellery styles for centuries. Jewels are not just an ornament, it is more than that. It defines the status, style, culture, civilisation and more. A wedding is a special occasion, hence it is essential to invest money and time in choosing the perfect set of jewellery to enhance the bride’s look and to define her personality. Antique, matte and AD have been the desired fashion designs for weddings. Today world seeks style, grace and dignity which are attributes of confident and modern women. Party Petals is here to make a difference in the segment and add value to the wedding occasion. Simply to say, value is not quantified with money but with style, fashion and quality which is offered under one roof, the Party Petals.

Store location: – PARTY PETALS, NO. 1 PANJABEKESAN STREET, CHITLAPAKKAM MAIN ROAD, MAHALAKSHMI NAGAR, SELAIYUR, CHENNAI – 600073

Face book: Party Petals
Instagram: Party_Petals2014

For more information, please contact:
Party Petals, Chennai
Jeeva Krishna Moorthy – 9940175784

health

61026 surgeries conducted by Narayan Seva Sansthan for differently-abled individuals from India, Afghanistan, Pakistan, Nepal, Bangladesh, UK, USA, Ukraine

Jan 31, 2022 by Gouri 0 Comments

Rajkumar

Udaipur, 31st January 2022: A recent report released by Narayan Seva Sansthan indicated that since 2017, about 61026 surgeries have been conducted for people suffering from Polio, Cerebral Palsy, and other birth disabilities. These surgeries have been conducted on patients belonging to countries from India, Afghanistan, Pakistan, Nepal, Bangladesh, Ukraine, the UK, and the USA. These patients were operated on free of cost through corrective surgeries at the NSS campus in Udaipur, Rajasthan. According to the data shown, in the middle of the novel coronavirus, about 5,174 patients underwent free surgeries in 2020, as compared to 2019 where 16,734 patients were operated on. In 2021, only 2,566 patients underwent corrective surgeries owing to the COVID-19 pandemic.

Around 4061 people with disabilities underwent free surgeries in the past 5 years from Delhi through a surgery campaign conducted by NSS. The previous year had seen a steep fall in the number of patients due to the COVID-19 pandemic.

Prashant Agarwal, President, Narayan Seva Sansthan said, “The pandemic has deprived many families especially those who are at the bottom of the pyramid. We sensed that not many families came forward for treating their differently-abled family members as it is not affordable for them. We at Narayan Seva Sansthan offer free corrective surgeries with the sole objective of allowing differently-abled to become a part of mainstream society. We conducted corrective surgeries for multiple people across India and in about 7 countries across the globe. We believe in physically and socially empowering the differently-abled individuals helping them sustain economically to make them financially independent. Since 1997, Narayan Seva Sansthan operated around 425038 surgeries for bringing differently-abled in mainstream society.”

Lovely

Narayan Seva Sansthan since 2017 has conducted 61026 corrective surgeries till 2021, for people with birth disabilities. The year-on-year data of surgeries conducted by NSS since 2017 is 19127 surgeries, in 2018 it conducted 17425 surgeries, in 2019 it conducted 16734 surgeries, in 2020 it was 5174 surgeries and in 2021 it was about 2566 surgeries.

Narayan Seva Sansthan has distributed 2,74,603 wheelchairs, 2,64,422 tricycles, 2,97,789 crutches, 3,61,997 and 1,72,000 blankets among the needy and underprivileged persons.

news

Derrick Pereira: Luck hasn’t been with us throughout this season

Jan 31, 2022 by Gouri 0 Comments

Brandon_fcg2

Mumbai, January 31, 2022: FC Goa’s winless streak in the ISL stretched to 4 games after a 0-1 loss to Jamshedpur FC on Friday night. Despite dominating during major periods of the game and keeping the JFC attackers at bay for most of the game, the Gaurs failed to take home any point.

Head Coach Derrick Pereira later shared his thoughts at the post-match press conference, where he opined that FC Goa has been ‘unlucky’ throughout their ongoing league campaign.

When asked if the Jamshedpur game was a great opportunity to earn at least a point, he said, “Absolutely. We did everything. We started well in the first 15-20 minutes. When they (Jamshedpur FC) started exerting more pressure, we kept our composure.

“In the second half, we tried our best to score. We struck the post at least twice. Throughout this season, luck hasn’t been with us, and things haven’t gone our way. We have to get back now, and look for our next win,” he further added.

Thoughts on the goal

The Gaurs did a good job in preventing JFC’s star attackers from putting forth a convincing display. The likes of Greg Stewart, Daniel Chima Chukwu and Ishan Pandita were silent for most parts of the match, registering just one shot on target. However, that shot – made by Chima – also made all the difference.

The goal could have been avoided, said the 59-year-old tactician.

“Some of our players were claiming off-side (on Daniel Chima Chukwu). I don’t know, I have to get back and take a look. Even if that was the case, we cannot switch off just like that. And that’s what has been happening all season. We’ve been conceding goals due to some silly mistakes, and then we struggle to get back to the game,” he explained.

Jorge Ortiz’s injury

FC Goa was handed their earliest setback well before the match started when Jorge Ortiz – initially announced as part of the starting XI – had to be replaced following an injury during warm-ups.

“Ortiz had a slight strain. We took care of him and he wanted to start the game but we didn’t want to risk him. He couldn’t carry on after the warm-up. It was risky, so we pulled him out,” Derrick Pereira said. It was Airam Cabrera who replaced the Spaniard in the playing XI.

Derrick FCG4

Return of Brandon Fernandes

One silver lining for the Gaurs was the return of Brandon Fernandes. The Indian international was sidelined due to injury since October 2021, before making his campaign debut against Bengaluru FC last week.

On Friday, he made his first start and played 82 minutes, when he made three good chances for his team.

“Brandon is a quality player. With him around and with other players like Alberto and Princeton, we were moving the ball well, and he is a player who can create opportunities for other players. His set-piece delivery is deadly. So he’s very, very important to us,” the FC Goa head coach said.

“So. I was happy that he played 80 minutes, but considering the goal, I had to carry on with him for another 10 minutes.”

Do-or-Die phase for FC Goa

The team from Goa remain in ninth place in the ISL 2021-22 standings, with 14 points from as many games (three wins, five draws and six losses). They have registered only one win in their last nine matches this season. The remainder of their campaign would be a ‘do-or-die’ phase for them and Derrick Pereira also agreed to it on Friday night.

“We have been going in with that attitude right from the last five, six matches ever since I have come here. Ever since I’ve joined we have been going with that attitude.

“But things are not happening the way they should have been. There are some mistakes, individual mistakes here and there which put us down,” he signed off.

Up next, FC Goa faces Odisha FC on Tuesday, February 1 at the SAG Athletic Stadium in Bambolim, with the kick-off set for 7:30 pm IST.

 

 

business

Quote on Economic Survey: Dr. Anand B. Assistant Professor, NMIMS Sarla Anil Modi School of Economics

Jan 31, 2022 by Neel Achary 0 Comments

Dr. Anand B. Assistant Professor, NMIMS

 

Dr. Anand B. Assistant Professor, NMIMS Sarla Anil Modi School of Economics

After the disastrous ramifications of the Covid-19 pandemic,  Economic Survey 2021-22 provides lots of optimism regarding the revival of the Indian Economy. The GDP growth for 2022-23 is expected to touch 8-8.5% as the economic activity rebounds to the pre-pandemic level. Private consumption is likely to witness strong recovery, which will certainly have positive spillover effects on private investments. The survey adds that factors such as widespread vaccine coverage, gains from supply-side reforms and easing of regulations, healthy export growth and more fiscal space for capital expenditure will revive the animal spirits.

OPay Egypt 1
business

“OPay” wins the best new POS payment service provider in Egypt for 2021 award from “The Global Economics”

Jan 31, 2022 by Neel Achary 0 Comments

Cairo – Egypt, 31 January 2022 – OPay, the leading fintech one-stop mobile-based platform for payment and collection services in Egypt and Africa, has won the ‘Best New Point-Of-Sale Payment Service Provider,’ award from ‘The Global Economics’ institution.

The announcement took place in a ceremony held in Dubai in the United Arab Emirates, where Mr. Mahmoud Khedr, the company’s Director of business development and strategic partnerships, received the award.

OPay Egypt

The Global Economics, is a British institution specialized in providing detailed performance analysis of companies in various financial and business sectors, covering the major parts of the Globe.

OPay, won the award after an intense competition with major financial services companies in the Egyptian market, as a testament to its efforts and successes, which are the result of the company’s strategic plans to distribute tens of thousands of points of sales, and expanding its vendors and retailers network across all of the Egyptian governorates.

OPay, has been the fastest growing company in the Egyptian market since it launched its operations in Egypt last year, as the company works to provide all kinds of electronic services and innovative digital payment solutions to its customers in Egypt and Africa.

Mahmoud Khedr, expressed his delight at the winning of this prestigious award saying: “we are proud with the winning of the 2021 Best New Point-Of-Sale Payment Service Provider award from ‘The Global Economics’ institution. This award reflects the commitment of our dedicated team of experts in digital and technological sectors to build a brand that wins the confidence of our partners and customers.”

Mr. Khedr emphasized that the company is “working towards giving the best service possible to its partners and customer,” in addition to its relentless pursuit in executing its expansive plans in order to provide the latest services and solutions in the fintech and digital payments sector.

OPay Egypt and North Africa, has recently signed a number of successful partnerships in the fields of electronic payments and specifically in the banking sector.

It has recently signed an MoU with both Banque Misr and the National Bank of Egypt (NBE), under which the company will provide electronic payment and collection services via the internet to merchants and small and medium size enterprises (SMEs) and the partners of both banks through accepting all types of collections via the internet using all kinds of banking cards, in addition to QR code and R2P (Request To pay) services.

The company will also provide installment services for the credit card holders from both banks.

OPay, also signed an agreement with The Egyptian Company for Cards, in order to issue 200,000 smart prepaid cards for individuals and corporates, after getting the authorization of Egypt’s Central Bank (CBE).

Picture - Mr. B. Ramesh Babu, MD & CEO, KVB
business

Karur Vysya Bank today declared its highest ever quarterly profit over the last 18 quarters

Jan 31, 2022 by Gouri 0 Comments

Highlights of business performance for the period ended 31.12.2021

  • Total business as of 31.12.2021 stands at Rs. 122,664 crore, registering a Y-o-Y growth of 7.4% (Rs. 8,462 crores) from Rs. 1,14,202 crore as on 31.12.2020. Total business stood at Rs. 1,16,098 crore as on 31.03.2021.
  • Total deposits grew by Rs. 4,782 crore (7.7%) to Rs. 66,871 crore, up from Rs. 62,089 crore as of 31.12.2020.
  • CASA share is up at 36% from 35% a year ago. CASA deposits have grown by 12.2% on a Y-o-Y basis to Rs. 24,128 crore as of 31.12.2021 (Rs. 21,500 crores a year ago).
  • Gross advances grew by 7.1% Y-o-Y (Rs. 3,680 crores) and stands at Rs. 55,793 crore as of 31.12.2021, up from Rs. 52,113 crore a year ago.
  • Improved off-take by retail and business segment clientele as well as a robust jewel loan portfolio aided the credit growth during this period. The growth was facilitated through digital processing and improved sourcing through various channels.
  • Jewel Loan portfolio registered a Y-o-Y growth of Rs. 1,649 crore (13.7%) and stands at Rs. 13,718 crore as of 31.12.2021.
  • As of 31.12.2021, Gross NPA has declined by 40 bps to 6.97% (Rs. 3,888 crores) as compared to 7.37% (Rs. 3,842 crores) a year ago. GNPA as of 31.03.2021 was Rs. 4,143 crores (7.85%).
  • Net NPA stands Rs. 1,356 crore i.e. 2.55% as on 31.12.2021. NNPA was at 3.41% (Rs. 1,719 crore) as on 31.03.2021.
  • Provision Coverage Ratio stands at 78.81% (77.35% a year ago).
  • Basel III CRAR stands at 18.79% (with a CET1 Ratio of 16.76%), up from 18.52% as of 31.12.2020.
  • Branch and ATM + Cash Recyclers network as on 31.12.2021 stands at 781 & 2,227 respectively.

Financial performance – Quarter ended 31st December 2021

  • Net profit for the quarter registered a substantial growth and stood at Rs. 185 crore up from Rs. 35 crore during Q3 of the previous year.
  • Operating profit for the quarter stood at Rs. 402 crore – up by Rs. 133 crores from Rs. 269 crore for Q3 of the previous year.
  • Net interest income for the quarter improved by 18% (Rs. 103 crores) to Rs. 687 crore for the current quarter vis-à-vis Rs. 584 crore for Q3 of FY 2020-21.
  • The net interest margin stands at 3.68%.
  • The cost of deposits has reduced by 58 bps to 4.22% compared to 4.80% during the previous period.
  • The yield on advances is at 8.42% (8.66% for Q3 of the previous year).
  • Non-interest income (excluding treasury profit) improved to Rs. 209 crore for the quarter as compared to Rs. 197 crore during the previous period
  • Operating expenses for the quarter were lower at Rs. 481 crore (Rs. 578 crore during Q3 of FY 2020-21).

Financial performance – nine months ended 31st December 2021

  • Net profit for the period rose by 80.4% (Rs. 205 crores) and stood at Rs. 460 crore from Rs. 255 crore during the corresponding period of the previous year.
  • Operating profit for the period up by Rs. 100 crore to Rs. 1,189 crore, from Rs. 1,089 crore for nine months of the previous year.
  • Net interest income for nine months increased by 15% to Rs. 2,005 crore vis-à-vis Rs. 1,747 crore for nine months of FY 2020-21.
  • Net interest margin up by 29 bps to 3.66%.
  • The cost of deposits has improved by 72 bps and stands at 4.35% as compared to 5.07% during the previous year.
  • The yield on advances is at 8.53% as compared to 9.07% during the nine months of the previous year.
  • Commission and fee income has improved by 16% (Rs. 61 crores) on a Y-o-Y basis to Rs. 452 crore from Rs. 391 crore during the previous year.
  • Operating expenses for the period was lower at Rs. 1,380 crore as compared to Rs. 1,407 crore during nine months of FY 2020-21.

 

 

business

Honda 2Wheelers India and Department of Science & Technology celebrate 9 glorious years of Traffic Training Park in Jaipur

Jan 31, 2022 by Gouri 0 Comments

9th year anniversary celebration of HMSI's Traffic Park in Jaipur

Jaipur, 31 January 2022: Instilling positive awareness on road safety and safe driving habits in the city, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) and Department of Science & Technology, Government of Rajasthan celebrated the 9 glorious years of Traffic Training Park in Shastri Nagar, Jaipur in the august presence of Mr. Kailash Mishra (Curator, Science Park, Jaipur, Department of Science & Technology, Government of Rajasthan).

In 2013, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) in collaboration with the Department of Science & Technology, Government of Rajasthan inaugurated the first traffic training park of Rajasthan at Jaipur. The traffic park developed on the mini-city concept simulates real road conditions – from traffic signals to zebra crossings and speed breakers etc.

Driving road safety awareness in the city, Honda 2Wheelers India announced that through its daily training for all age groups, it has educated more than 3.40 lac kids and adults (including new and existing riders) of Jaipur since its inception.

Elaborating on spreading road safety awareness Mr. Prabhu Nagaraj, Senior Vice President – Brand & Communication, Honda Motorcycle & Scooter India Pvt. Ltd said, “For HMSI, spreading Road Safety awareness to all age groups has always been a priority. 9 years ago, we initiated the Traffic Training park project in Jaipur. Today, we are delighted to share that we have educated over 3.40 lac people of the city – from 5-year-old children who will be the riders of tomorrow to existing riders while empowering new female riders journey to become independent riders. We thank the Government of Rajasthan for its continued support to cultivate healthy road safety manners in the city. In future too, we will continue to make Jaipur citizens safer on roads.”

Honda Motorcycle & Scooter India Pvt. Ltd’s CSR commitment towards Road Safety:

For Honda globally, road safety comes first. Fulfilling its corporate social responsibility (CSR), Honda has been promoting road safety in India since its start in 2001. Today HMSI’s road safety awareness initiative has already spread to over 41 lac Indians. HMSI’s team of skilled safety instructors conduct daily programmes at its 10 adopted traffic parks across India and 7 Safety Driving Education Centres (SDEC).

Not only this, all 1000+ Honda dealerships across India spread road safety awareness. HMSI’s proprietary virtual riding simulator increases the risk-prediction ability of riders; while new customers to are given pre-delivery safety advice (PDSA) before they start riding at every dealership across India.

Additionally, ensuring that learning doesn’t stop in the New Normal, HMSI started the digital road safety education initiative – Honda Road Safety E-Gurukul’. Since its start in May’20, this initiative has sensitized 6 lac+ Indians on the importance of being aware & responsible road users.

business

The First Kia Carens, rolled out from Anantapur Plant

Jan 31, 2022 by Gouri 0 Comments

2022.01.31 KIA CARENS 1ST CALL ROLL OUT

CHENNAI: January 31, 2022 – Kia India, one of the fastest-growing carmakers in the country, today rolled out the first customer car of the three-row recreational vehicle, the Kia Carens, from its state-of-the-art manufacturing facility in Anantapur, Andhra Pradesh. The Kia Carens is the latest ‘Made-in-India’ offering from the company, which combines the sophistication of a family mover and the sportiness of an SUV in one to make it a compelling value proposition and the best choice for modern Indian families. Furthermore, the Kia Carens is all set to create and define a new segment of its own. The Kia Carens has been tested for across multiple terrains and simulated conditions before the company has announced the mass production of the car. The Kia Carens will be manufactured in India and will be exported to over 80 countries. Following the world premiere in December, the Kia Carens will be officially launched in February 2022.

Commenting on the occasion, Tae-Jin Park, Managing Director and CEO, Kia India, said, “We are all about inspiration at Kia, and with the Kia Carens, we bring to the table a whole new set of value propositions aligning with requirements of the new-age customer. I am very excited about the beginning of this new journey. The Kia Carens is the fourth product we are rolling out in India. Our teams have worked tirelessly to bring out a product that truly reflects and resonates with modern Indian families. When customers think of a Kia they expect best-in-class features, distinct design identity and unmatched ownership experience– which is truly reflected in the Carens.”

The Kia Carens come in petrol and diesel powertrains combined with multiple transmission options, including the 7DCT and 6AT. The car also comes equipped with a host of features such as the next-generation Kia Connect app with 66 connected features, flexible seating options, features such as the Sliding Type Seat Under Tray, Retractable Seatback Table, the Rear Door Spot Lamp, and the Bottle and Gadget Holder in the third row. The vehicle also offers generous space in the third row, making it a complete family car. The Kia Carens come equipped with the Robust 10 Hi-Safety package as standard across all trims, including 6 airbags ABS, ESC, VSM, Hill Assist, DBC to name a few, making it one of the safest vehicles on Indian roads.

Kia India has opened the pre-bookings for prospective customers on 14th January 2022. Interested customers can book their vehicle of choice through the Kia India official website www.kia.com/in and via any of the authorized dealerships of Kia India by paying an initial booking amount of INR 25,000. The Kia Carens have already received an overwhelming response from the market within the first 24 hours, registering 7,738 bookings.

business

Epson Becomes Official Partner of the Ladies Professional Golf Association (LPGA) Tour

Jan 31, 2022 by Gouri 0 Comments

National, 31 January 2022: Epson, a worldwide technology leader, joined forces today with the Ladies Professional Golf Association (LPGA) to become an Official Partner. The LPGA and Epson alliance reflects both organizations’ commitment to diversity and supports Epson’s aspirational goal of achieving sustainability and enriching communities.

With a partnership that will run for an initial five years, Epson and the LPGA have committed to work together on a variety of player experiences and events focused on supporting and highlighting women’s challenges through golf. Additionally, Epson will become the title sponsor with exclusive naming rights to the LPGA’s qualifying tour. As the official “Road to the LPGA,” the Epson Tour supports all competitors and sends the top ten finishers to the LPGA and is the most established women’s qualifying tour in the world, entering its 42nd year of a structured competition in 2022.

Through the partnership, Epson will share the ongoing accomplishments of these athletes through prominent branding, broadcast, signage, and digital integration across the LPGA network, as well as across all tournament promotions, content, and social media platforms. In addition to exclusive naming rights for the Epson Tour, which will run through the 2026 season, Epson has also pledged additional contributions including player ambassador funding, and product and technology support.

“Our partnership with the LPGA presents a unique opportunity to inspire future women leaders and advance the Epson brand,” said Yasunori Ogawa, global president of Epson. “The Epson Tour is focused on providing promising women golfers with the opportunity to pursue their dreams and young women with role models for the future. The LPGA is a world-class organization and working together over a multi-year period allows Epson to take an active role in advancing the professional careers of talented women golfers.”

“We are delighted to welcome Epson to the LPGA Family. This ground-breaking partnership will provide expanded opportunities for the future stars of the game from around the globe to test their talent and take one step closer to realizing their dreams,” said LPGA Commissioner Mollie Marcoux Samaan. “We are grateful that Epson shares our commitment to supporting young female athletes as they grow and develop and to playing an active role in the growth and equity in women’s sports. The ‘Road to the LPGA’ has never been better. ”

The Epson Tour is the official qualifying tour of the LPGA Tour and enters its 42nd competitive season in 2022. The Tour’s mission is to prepare the world’s most promising women professional golfers for a successful career on the LPGA Tour. Expanding from 16 tournaments and $1.7 million in prize money to $4 million in prize money awarded over the course of 24 tournaments, more than 435 LPGA titles have been won by former Tour players. Previous Epson Tour graduates include 27-time LPGA winner Lorena Ochoa of Mexico Olympic gold medalists Inbee Park from the Republic of Korea and Nelly Korda of the United States.