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Archive: March 31, 2023

India’s residential demand increased 14.2%, supply grew 1.9% YoY reveals Magicbricks PropIndex Report Jan-March 2023

Magicbricks

New Delhi/ Hyderabad, 31 March 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and supply grew 1.9% YoY, observed Magicbricks’ PropIndex Report for January-March 2023. According to the report, after recording a marginal decline of 2.5% last quarter, residential demand (searches) increased 3.2% QoQ led by Ahmedabad (21.4%), Bengaluru (10.3%), and Pune (7%).

The report also observed that while the pan India residential supply increased 1.9% YoY, it recorded a marginal decline of 0.9% QoQ as new project launches slowed down, and the focus is on selling existing inventory. However, cities including Noida (20.8%) and Greater Noida (17.6%) demonstrated an increase in residential supply (QoQ). As a result of the demand and supply mismatch, the average pan-India property rate increased by 13.9% YoY and 2.3% QoQ.

Elaborating on the trends, Sudhir Pai, CEO, of Magicbricks commented, “Several multilateral agencies have projected that the Indian economy will grow by 6-7% in FY’ 23, despite the global slowdown. The recent Union Budget has also introduced several encouraging initiatives, including substantial allocations to PMAY and UIDF, which have set the wheels in motion for facilitating employment opportunities and infrastructure development. Given the under-served demand for home ownership in the affordable and mid-range segment, we are optimistic about the growth trajectory for residential demand in the coming quarters as well. We anticipate that the market will stabilise, supplemented by new projects and expedited delivery of under-construction properties, which will open up new avenues for investment and innovation.”

The report further observed that the pan-India average rates of ready-to-move-in properties increased 9.3% YoY, and average prices of under-construction properties increased 15.3% YoY.

Simpl joins hands with Klub to enable easy credit access for the fast growing D2C ecosystem in India

Simpl logo

Mumbai, March 31st, 2023: Simpl, India’s foremost one-tap checkout platform, today announced its partnership with Klub, a leading Revenue Based Finance company, to provide easy access to credit for the Direct-to-Customer (D2C) merchants and support them in meeting their working capital requirements. This partnership will enable credit access to merchants at affordable interest rates with flexible terms in a complete digital fashion.

Simpl aims to tackle a significant challenge faced by D2C merchants experiencing hyper-growth by including capital-as-a-service in its booster package for partner merchants. This initiative will enable long-term value creation and help resolve a major pain point for many digitally native companies in India. With this partnership, Simpl is also expanding its ‘Booster Package’ which provides exclusive access to services from various D2C enablers such as brand building, credit access, digital marketing and e-commerce consulting that helps boost business. These initiatives are aimed at creating a trusted ecosystem of D2C merchants that offer their customers high-quality products and a seamless payment experience.

According to the “Beyond E-commerce 3.0” report by Kalaari Capital, at least 50 million new users have been added to the Indian e-commerce platforms over the last two years as a result of the pandemic’s rapid digitisation. Along with this, India is anticipated to have 1.1 billion internet users by 2025, with 30% of them engaging in online shopping. This opens up a huge opportunity for D2C merchants that are expected to generate $50 billion in sales by 2025 and therefore, becomes imperative to support them on multiple fronts including credit access, discoverability and seamless payments and Simpl aims to be at the forefront of enabling this change.

Commenting on the partnership, Nitya Sharma, Co-founder and CEO of Simpl said, “As an organisation committed to developing the D2C merchant ecosystem in India, we are constantly striving to come up with innovative ways to solve the problem statements faced by the community. In this endeavour, we are delighted to announce the expansion of our Booster Package to provide credit access to the D2C community in partnership with Klub to support them in their working capital requirements. This is in continuation of our efforts to boost the D2C ecosystem in India and emerge as a preferred partner for the fast growing community in establishing their businesses”.

“At Klub, we’re revolutionising the way platforms offer financing to their merchants. Our innovative embedded capital product is a plug ‘n play lending solution that seamlessly integrates with our partners’ platforms. We are excited to partner Simpl in offering quick and flexible financing options to its growing community of D2C merchants to support them in meeting their growing business requirements. And with a range of capital partners to choose from, including banks, NBFCs, and our own credit fund, we ensure that merchants get the best possible financing solutions. We’re excited to be at the forefront of this change and to empower platforms to unlock the full potential of their merchant ecosystems,” said Anurakt Jain, Co-founder and CEO at Klub. As part of its efforts to support the D2C ecosystem, Klub aims to disburse loans worth Rs 200 crore over the next six months to small businesses across the country.

The D2C ecosystem in India is witnessing rapid growth due to the growing affinity of merchants towards building a unique customer experience, growing beyond the e-commerce marketplaces to have market access and build a direct relationship with the end customers. To enable this, the creation of an entire digital value chain including payment infrastructure becomes important to offer a seamless experience to millions of customers.

EZVIZ introduces C6 – The Next Generation Indoor Wi-Fi Camera

Mumbai, 31st March 2023: EZVIZ, a global smart home security company, has strengthened their security product range by introducing – C6 2K Smart Home Camera. The camera is compact but big on functionality. With on-camera AI, the C6 2K⁺ identifies humans as well as pets in an instant, and detects abnormal sounds to add an extra layer of protection. Its impressive video and audio quality delivers leading performance. This camera is the latest addition to the EZVIZ portfolio in India and it offers the latest industry features, hence catering to the smart home segment.

EZVIZ introduces C6 - The Next Generation Indoor Wi-Fi Camera

EZVIZ C6 – Product info image.jpg
EZVIZ C6 is an innovation in its segment as it adds value proposition to the customers, yet giving industry leading features like 2K+ Resolution, Hand Waving Call Alert, Human & Pet detection & Color Vision which redefines home security. With the powerful starlight lens, EZVIZ C6 excels at image clarity and quality, enabling color vision even in low light conditions where many other cameras may switch to black-and-white video. It is a must-have for reliable, 24/7 home protection.

Commenting on the launch of the new products, Mr. Bipin Gupta, Product Manager, EZVIZ said, – “Our goal has always been to provide consumers with unmatched home security options that are tailored to their requirements. We are pleased to bring forth C6 as a part of our latest product presentation with an aim to deliver exquisite products that ease security concerns of the customers. We are optimistic that EZVIZ C6 will outperform consumer expectations, offer a comprehensive experience, and successfully meet their needs.”

EZVIZ C6 is a smart camera that detects, zooms, and follows which means the camera can automatically zoom in up to 4 times to follow a moving object so one can see details and get the whole picture at the same time. The user can always enable the AI option to detect and track specifically human movements. It also alerts users if the noise level suddenly changes. For instance, in the case of a baby crying or a siren breaking out. Furthermore, the waving-hand recognition feature allows a user to simply wave at the camera to initiate a video call to their phone. This would work well particularly for old parents, babies and pets.

Aiding Nep 2020 Mission to Transform Education, Gisa Urges India’s Independent Schools to Join Forces

Aiding Nep 2020 Mission to Transform Education, Gisa Urges India’s Independent Schools to Join Forces

The 340,000 plus independent (private)schools across India were today urged to join forces with schools from across the world in the first worldwide representative body for the K-12 independent education sector – the Global Independent Schools Association (GISA). A vital aim of the organisation is in line with the National Education Policy (NEP) 2020, to improve education provision throughout the world, in all sectors, by sharing knowledge.

According to recent figures from the World Bank, over 50% of secondary school pupils and 13% of primary school pupils in India are enrolled in an independent institution – whether not for profit, profit, run by a private body such as a non-governmental organization, religious body, special interest group, foundation or business enterprise.

The new body, launched today, with an urgent call for knowledge sharing between the independent sector and governments to help improve education worldwide. Crucially, GISA hopes to make its voice heard as a valued partner in achieving SDG4: ensuring inclusive, equitable, quality education for all by 2030.

This global association seeks to co-ordinate, represent, and give a voice to the global K-12 independent education sector – filling a “representation void” of a sector that educates 350 million children around the world – including 52% of secondary school children in South Asia and 45% of primary school children in Latin America.

“I am delighted to represent Nord Anglia Education, India, and join other providers of international education in India to launch the GISA India Chapter”, said Christopher Short, MD Nord Anglia Education India.“GISA gives us an excellent platform to promote the benefits of international schools in India and highlight how we can work alongside the National system to promote high standards and educate the next generation of leaders”, he added.

GISA aims to become the “go-to” voice for the independent education sector, showcasing its impact and acting as a resource for the world’s governments and global institutions to tap into, talk to, and lean on in times of crisis. It will provide a forum for the sector to share its vast accumulated knowledge and expertise within the independent sector. At the same time, it aims to work with policymakers and governments worldwide to help raise standards in schools of every background, whether public, independent or third sector.

Some of the leading names in global K-12 independent education have united to form this new body. GISA’s Executive Board, which will shape its strategic direction, includes Andrew Fitzmaurice, CEO of Nord Anglia Education; Sunny Varkey, Founder of Gems Education; Nadim Nsouli, Founder, Chairman and CEO of Inspired Education; Frank Maassen; Group CEO of Cognita; Brian Rogove, Group CEO of XCL Education; and Dino Varkey, Group CEO of GEMS Education. The association launched with a call to action to attract members from around the world, whether they are a single classroom private school in a low-income country, a school run by a charity or foundation, or a school operating within a multinational chain.

GISA will enable its members to exchange knowledge, jointly develop resources, and benefit from access to advanced research and reports, as well as innovative workshops and exclusive events. Additionally, the association aims to organise an annual conference where policymakers, sector representatives, non- governmental organisations, and renowned thinkers will come together to engage in high-level discussions on accelerating the achievement of high-quality education for all.

Andrew Fitzmaurice, CEO of Nord Anglia Education and Chairman of the GISA’s Executive Board, said: “Independent schools are often centres of innovation that introduce new methodologies, pedagogic styles, and technologies. GISA members can provide considerable insight and best practice, which can be shared to benefit state and independent schools everywhere. From important areas such as supporting the professional development of teachers to the latest uses of technology in teaching and learning, we can make an even greater impact on education by working together.”

Speaking in support of GISA, Andreas Schleicher, Director of Education and Skills for the Organisation for Economic Cooperation and Development (OECD), said: “Getting the independent sector to raise its voice in service of the public good is hugely important. Tomorrow’s economy will be unforgiving for those without a strong education and skills for the future. Unless the independent sector joins others – governments, business, NGOs – to work out how we educate and skill up a new generation, valuable expertise will remain siloed, and solutions will be lost.”

“We are thrilled to announce the launch of GISA in India,” said Francis Joseph, India lead of GISA Global. “With India’srich history of academic excellence and cultural diversity, independent (private) schools in the country can play a critical role in shaping the next generation of leaders and innovators. The deep knowledge across India’s vast network of independent schools can play an important role in helping to improve global education. It is a key responsibility of private school operatorsto work together with governments and policy makers in the country”.

Francis Joseph is known in the Indian education sector for his work with the Government of Maharashtra in establishing a mother-tongue education board, namely Maharashtra International Education Board. He also worked with Brihanmumbai Municipal Corporation in establishing free-of-fees schools affiliated to CBSE/ICSE/Cambridge/IB Schools, as well as participating in various education policy decisions such as The Maharashtra Compulsory Teaching and Learning of Marathi Language in Schools Act, 2020.

Inaugural batch of Literary Translation course supported by the JCB Literature Foundation graduate from Ahmedabad University

Inaugural batch of Literary Translation course supported by the JCB Literature Foundation graduate from Ahmedabad University

31st March 2023, Ahmedabad: Celebrating the graduation ceremony of its inaugural batch of the Literary Translation course, JCB Literature Foundation (JCBLF) and Ahmedabad University hosted a special alumni meet to connect, network, and encourage the young minds, introducing them to the world of publishing. The convocation ceremony also witnessed some of the leading publishers like Rahul Soni, Aditi Maheshwari, Elizabeth Kuruvilla and G.N.Mohan deep-diving into the topic of – ‘Translations in India’ through a panel discussion. The session was moderated by ProfessorTejaswini Niranjana,Cultural Theorist & Translator,Ahmedabad University; Niranjana has also designed the course module.

The ceremony commenced with Chief Guest Mr. Manish Tayal, Director, JCB Literature Foundation, and Professor Pankaj Chandra, Vice Chancellor, Ahmedabad University addressing the students.

Supported by JCB Literature Foundation, the one-year post-graduate course offers workshops, mentorship, bilingual engagements, and covers the history and theory of translation to enhance the skills of existing translators. Through industry mentorship it also helps the translators to better prepare for publishing, advertising, and editorial industries, providing them exposure to the methods of cultural and literary history.

Speaking about the Foundation’s collaboration with Ahmedabad University,Manish Tayal, Director, JCB Literature Foundation, said, “The JCB Literature Foundation is devoted towards creating an ecosystem that truly enables distinguished literary professionals in India. Translations, through the JCB Prize and the Translations Course that we support at Ahmedabad University are a key piece in this effort. What stood out, when this module was brought to us, is that it looks at translations beyond what is theoretic and brings forth a pedagogy that practically teaches you the art of translations, as per industry standards and requirements. As the first batch of this programme graduates today, we wish them all the very best, and we hope they will go out there and make a dent in this industry.”

Elucidating on the significance of translation courses in India,Tejaswini Niranjana, Professor of Humanities and Languages, Ahmedabad University, said, “Translated works of literature are among the most highly visible books in the world market. In India too they are becoming increasingly popular. The idea that diverse experiences from diverse regions can be appreciated in a known language has become even more powerful than before. Training bilingual and multi-lingual people to translate in and out of global and regional languages is the challenging and necessary task that our programme has taken up.

The Diploma in Literary Translation is a flagship programme of Ahmedabad University, an inter-disciplinary liberal arts institution. There is no comparable programme offered in India at present. Here we have a unique combination of online instruction, intensive offline workshops, and access to key practitioners.”

Prof. Niranjana further added, “Students of the programme in 2022-23 are early to mid-career professionals, including editors, college teachers, researchers, medical doctors working at the cusp of public health and civil society organizations, and NGO professionals. They represent languages as diverse as Tamil, Kannada, Malayalam, Telugu, Hindi, Marathi, Gujarati, Marwari, and Bengali. The Diploma Programme has nurtured the students to become award-winning translators, and the most celebrated translators from and into Indian languages have visited our classes and expressed their appreciation of what we are doing.”

The graduation ceremony culminated with a musical play ‘Same Same but Different’ presented by Tamasha Theatre, Mumbai.Two talented performers Jahnvi Shrimankar and Kailash Waghmare, from different backgrounds, and different life experiences, facing different artistic and social challenges, yet bound together by their love for music, came together to share their life stories with searing honesty, humour and emotion. In telling their stories, they shared music from different traditions, such as folk, classical, popular cinema, political, as they sing live, accompanied by a highly skilled band; leaving the audience enthralled by their performance.

Amidst soaring demand for luxury housing, Ambience Group begins possession of Noida Project

Amidst soaring demand for luxury housing, Ambience Group begins possession of Noida Project

New Delhi / Delhi NCR, 29 March 2023: Ambience Tiverton – Developed by The Ambience Group, has announced the commencement of possession of its luxury apartments. Amidst the growing demand for high-end housing, Ambience Tiverton is delivering an unparalleled living experience to its residents. The project is situated in the prime location of Sector-50, Noida, and features world-class amenities& services.

The luxury real estate market in Noida has been witnessing an upward trend in recent years, with a surge in demand from affluent buyers seeking premium properties. Against this backdrop, Ambience Tiverton has received an overwhelming response from homebuyers and investors alike, with possession commencement being eagerly awaited. The project offers world-class amenities&services and is poised to redefine luxury living in the city. With the delivery of its luxurious apartments, Ambience Tiverton is set to make its mark in the flourishing Noida real estate market.

Ambience Group has also announced a substantial price hike for the last few remaining apartments at Tiverton. The decision comes amidst a near sold out position and the growing demand for high-end properties in the area, making Tiverton an attractive investment opportunity for those seeking a luxurious lifestyle.

Ambience Tiverton, located in sector 50, Noida, offers world-class amenities & facilities. The project is spread across 3.5 acres of land and features 3 & 4 BHK apartments and penthouses. With its prime location and luxurious amenities, Tiverton is the perfect choice for those looking to invest in a luxurious home.

“Homebuyers today are looking for more than just a home, they are looking for an experience. The luxury real estate market in Noida has seen an uptick in demand over the past few years, with buyers seeking homes that offer world-class amenities, excellent connectivity, and an unparalleled lifestyle.We are confident that our buyers will appreciate the value of their investment in Tiverton, which offers a luxurious lifestyle with excellent connectivity to the city’s key landmarks.” said Ankush Kaul, Chief Business Officer – Ambience Group.

Additionally, Ambience is also excited to announce its upcoming carnival, Ambience Tiverton – The Final Stretch on 8th& 9th April 2023, which promises to be an extravaganza like no other. The carnival is set to take place at Ambience Tiverton in Noida and will be the last of its kind as they will reach a “sold-out” status with the carnival, making it an unmissable opportunity for those looking to experience something truly unique and unforgettable. Ambience Group remains committed to providing unparalleled experiences to its customers and is looking forward to welcoming them to this one-of-a-kind event.

Ambience Group is a leading real estate developer in India, with a track record of over three decades in delivering premium residential and commercial projects. Ambience includes some of the most iconic and sought-after properties across Delhi NCR, including residential complexes, commercial spaces, malls, and hotels. With a commitment to excellence and customer satisfaction, Ambience has emerged as a trusted name in the real estate industry, delivering exceptional value to its clients.

Airbus awards aircraft cargo doors contract to Tata Advanced Systems Ltd.

Airbus awards aircraft cargo doors contract to Tata Advanced Systems Ltd.

Hyderabad, 30 March 2023 – Airbus has awarded a contract to Tata Advanced Systems Ltd. (TASL) to manufacture cargo and bulk cargo doors of the A320neo aircraft family. The contract is a significant step towards increasing Airbus’ competitiveness in the single-aisle aircraft market and supporting the ramp-up of the A320 programme.

TASL will produce these doors at a new facility in Hyderabad using cutting-edge robotics and automation technology. Each shipset will include two cargo doors and one bulk cargo door. The contract was signed by Olivier Cauquil, SVP Aerostructure Procurement, Airbus, and Masood Hussainy, VP & HO Aerostructure & Aero-Engines, Tata Advanced Systems Ltd., at Hyderabad on March 29, 2023.

“When it comes to supporting the development of India’s industrial capacities, Airbus is walking the talk. The latest contract underlines our continued commitment to ‘Make-in-India’ for an AatmaNirbhar Bharat (self-reliant India),” said Rémi Maillard, President and Managing Director, Airbus India and South Asia.

“In TASL, we have a most trusted and able partner that will support the ramp-up of our A320neo family aircraft that has been the poster child of democratisation and transformation of India’s aviation sector. We will continue to grow our industrial footprint and the aviation and aerospace ecosystem at a fast pace in India.”

Commenting on winning this contract, Sukaran Singh, Managing Director and Chief Executive Officer, Tata Advanced Systems Ltd. said, “We have an ongoing relationship with Airbus based on trust and operational excellence, and this new contract win will further bolster our partnership in aerospace manufacturing in India.”

Airbus presently procures components and services worth $735 million every year from more than 100 Indian suppliers. Today, every Airbus commercial aircraft and every Airbus helicopter has critical technologies and systems designed, manufactured and maintained in India.

In addition, Airbus will build the C295 military aircraft Final Assembly Line (FAL) with TASL in Gujarat, the first concrete, large-scale Make-in-India manufacturing aerospace programme in the private sector. The programme will unlock the potential for cutting-edge design, component manufacturing, aircraft assembly and services capabilities across the value chain, fully addressing the Government of India’s stated ambition of an ‘AatmaNirbhar Bharat’ (self-reliant India) in defence manufacturing.

Together with our supply chain, Airbus supports nearly 10,000 jobs in India today. By 2025, this number should rise to about 15,000. On top of this, the C295 military aircraft programme will lead to the creation of 25,000 direct and indirect jobs over 10 years.

KlarifyLife, an HDFC Life initiative, launches ‘Term Guide’

KlarifyLife, an HDFC Life initiative, launches ‘Term Guide’

 

Kolkata, March 30, 2023: KlarifyLife, an initiative by HDFC Life, has launched ‘Term Guide’, a customised solution that aims to simplify the decision-making process for customers while purchasing term insurance. It also works as an aid for customers who are in the process of re-evaluating their term insurance needs.

The ‘Term Guide’ is a short, do-it-yourself (DIY), interactive guide that enables customers to understand their term insurance needs as well as the decisions they need to take while buying a term plan best suited to their unique requirements. The Term Guide can be accessed by all, at no cost, at https://www.klarifylife.com/term-guide

Based on their needs, ‘Term Guide’ enables an individual to decide on the following:

• Policy duration

• Life cover to meet their family’s requirements

• Add-on benefits aka riders

• Premium payment term and frequency

• Mode of payout

The idea for ‘Term Guide’ is based on the insight that many individuals are unable to make the right purchase decisions related to term plans, which leads to procrastination in the buying process and even avoidance in some cases. During several discussions on the topic, potential customers, especially from the millennials and Gen Z age group pointed out that the most overwhelming aspects of the process were the part of decision-making and the varied advice which they received from different sources.

The ‘Term Guide’ has been tested by potential term insurance customers as well as policyholders alike as part of a customer validation exercise. The feedback has been quite encouraging because it ensures customer involvement in every step of the decision-making process, enabling them to understand the logic behind every decision taken.

Speaking on the development, Vineet Arora, Chief Operating Officer, HDFC Life, said “KlarifyLife is committed to raising awareness about term insurance among millennials and Gen Z in an easy to understand manner. The ‘Term Guide’ is an awareness and knowledge-building initiative. We don’t prompt the customer to buy or call them for any purchase thereafter. This is a fully customised solution that puts customers in charge of making more informed decisions when buying a term plan or evaluating their current insurance coverage. This is part of our endeavour to enable India to tackle the problem of underinsurance. We want to empower individuals to achieve financial freedom and the ‘Term Guide’ is a step in that direction.”

Heartfulness hits a new milestone by signing an MoU with AIIMS

Heartfulness hits a new milestone by signing an MoU with AIIMS

Hyderabad/New Delhi, 30 March 2023: Heartfulness Institute makes a landmark partnership with All India Institute of Medical Sciences by signing an MoU in New Delhi. The MoU was signed between ‘Daaji’ – President of Shri Ram Chandra Mission, Founder and Guide of Heartfulness Meditation Worldwide, and Dr M. Srinivas – Director, All India Institute of Medical Sciences, New Delhi. The purpose of the agreement between the parties is to make Heartfulness meditation and relaxation techniques specifically related to Health and Medicine and to put to best use and apply each party’s infrastructure and capabilities to conduct research, education at universities, institutions, corporate houses, schools and colleges, Government Departments, Medical professionals etc, and other related activities in collaboration. The aim of education and research activities is to bring meditation and sciences in the day-to-day life and impacting various aspects of human health and wellbeing.

Collaborative research will also include the field of cancer, diabetes, cardiovascular and other diseases, catering to the areas of preventive, curative and palliative care with an objective to improving the quality of life of the patient and their family. Research will also involve areas like epigenetics, intuition and infertility related issues. Both the parties will also submit joint proposals and white papers to Government or private agencies or organisations when opportunity arises and present final research papers at events and seminars jointly organised. In the near-term, parties have agreed to jointly organize a conference on “Consciousness based Medicine” later this year as part Azadi ka Amrit Mahotsav celebrations.

The MoU also opens door for investment for the parties in in-house research initiatives. Any patent resulting from research shall be applied jointly with joint claim on ownership of any invention, discovery, knowledge or copyright arising thereof. A specific Proposal or Statement of Work (SOW) shall be drafted and signed by both the parties for the work taken up and outline the financial commitments.

Speaking on the occasion, Daaji (Shri Kamlesh D. Patel) – Founder of Heartfulness Institute and Guide of Heartfulness Meditation Worldwide said, “This MoU is momentous because it will help in collaborative research and education in the sphere of meditation and science at the same time. There is a direct correlation between a healthy spirit and a healthy body. Science has time and again proven that meditation leaves positive impacts on mind and body. We want to delve deeper and make the outcomes beneficial to the mankind.”

“The agreement gives us an opportunity to explore more beyond what is already known to medical sciences in terms of inner wellness. The idea is to help people acquire holistic wellness backed by science. Previous research at universities abroad have already shown how Heartfulness meditative techniques are instrumental in positive behavioral changes as well. With the MoU we hope to take it further in our understanding of how it can contribute to preventive medicine as well,” said Dr M. Srinivas – Director, AIIMS, New Delhi.