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Archive: April 6, 2024

Muthoottu Mini soars as ‘Best BFSI Brand’; MD Mathew Muthoottu wins ‘Most Promising Business Leader of Asia 2024’

Kochi, April 06, 2024: Muthoottu Mini Financiers, a leading Non-Banking Financial Company (NBFC) in India today got recognized as ‘Best BFSI Brand’. Adding to the company’s achievements, both Mathew Muthoottu, Managing Director, and P.E. Mathai, CEO, of Muthoottu Mini, were individually recognised as “Most Promising Business Leader of Asia 2024”. These recognitions signify Muthoottu Mini’s commitment to excellence and innovation in the BFSI (Banking, Financial Services and Insurance) sector.

muthoot

The ‘Best BFSI Brand’ award was presented to the company by Mr. Ajay Choudhary, Non-Executive Chairman of the Board and Independent Director, NPCI. Most Promising Business Leaders in Asia Award was presented to the Managing Director and CEO of Muthoottu Mini by Mr. Sanjay Bhattacharyya, Former Secretary to the Ministry of External Affairs, BRICS Sherpa, and Ambassador to Switzerland, Turkey and Egypt.

Under Mathew’s leadership, Muthoottu Mini Financers has successfully expanded the company’s reach from 861 branches in March 2023 to 900+ branches in December 2023 through strategic branch network expansion and partnerships with new distribution channels. The company aims to have 1,000 branches by the end of year 2024.

On receiving the award, Mathew Muthoottu, Managing Director of Muthoottu Mini Financiers Ltd, said, “We at Muthoottu Mini are humbled and immensely proud to be recognised as the ‘Best BFSI Brand’ at The Economic Times Best BFSI Brands Conclave 2024. This award serves as a powerful validation of our dedication to building a customer-centric brand that fosters financial empowerment. This collective recognition motivates us to continue innovating, expanding our reach, and solidifying Muthoottu Mini’s position as a trusted and reliable partner for all financial needs.”

P.E. Mathai, Chief Executive Officer of Muthoottu Mini, echoed Mr. Muthoottu’s sentiment, stating, “This recognition as ‘Best BFSI Brand’ is truly a team effort, but it also underscores the importance of continuous innovation. At Muthoottu Mini, we understand that customer needs are constantly evolving. That’s why we remain dedicated to developing a diverse range of financial products and services that cater to those needs. We’re constantly pushing boundaries and leveraging technology to streamline processes and enhance the customer experience. Receiving this award motivates us to keep driving this spirit of innovation forward. This award motivates us to continue on this path and solidify our position as a leading player in the BFSI sector.”

The company and its leadership were felicitated at ET Now Best BFSI Brands 2024 and Times Now Most Promising Business Leaders of Asia 2024 respectively. The event focused on the theme ‘Financial Frontiers: Leading the Future of Banking and Finance’ highlighting the success stories of brands and leaders who have been successful in creating safe, efficient, and equitable systems for their customers while maintaining their growth rate in a competitive landscape.

Among other leading companies and business leaders recognised at the awards were companies such as the State Bank of India, Edelweiss Alternative Asset Advisors, Kotak Life Insurance, and leaders such as Arnab Banerjee, Managing Director & CEO of CEAT Limited; Sushant Dash, CEO of TATA Starbucks; Salil Parekh, Chief Executive Officer and Managing Director of Infosys, etc., among others.

Angel One Raises Rs 15,000 Million through QIP to Fund Company’s Growth

Mumbai, 06, April 2024

This fund raise through Qualified Institutional Placement (QIP), strategically positions fintech player Angel One for its growth trajectory, by way of:

1. Funding the working capital requirements for:

• Funding the margin obligations that are fulfilled on behalf of our clients and the margin trading facility provided to our clients; and future growth requirements.

• General corporate purpose

Commenting on the fund raise, Mr. Dinesh Thakkar, Chairman and Managing Director, Angel One said: “The successful completion of this QIP marks a significant milestone in our journey, as we capitalise the business for its future growth trajectory, thus strengthening our position in the industry. The capital market landscape has undergone significant changes in recent years, with a robust outlook and deepening penetration, driven by digitisation. We are witnessing continuous engagement of Indian retail investors, as evidenced in our performance metrics. Key indicators such as gross client acquisition, number of orders, average daily turnover, turnover market share and financial performance are consistently creating newer benchmarks. I am grateful to all our investors and stakeholders, for the trust they have placed in our vision. As we embark on this growth journey, I am confident that we are well positioned to continue to seize opportunities and drive success for our company.”

Cycle Pure Agarbathi Launches Om Shanthi Celebration Pack For Joyous Ugadi Festivities

Mysuru, 6th April 2024: Cycle Pure Agarbathi, India’s leading agarbathi manufacturer in India, has launched its Om Shanthi Ugadi Celebration Kit, a homage to the vibrant spirit of Ugadi festivities. Crafted to elevate the festive experience, the two-step Om Shanthi Ugadi Celebration Kit consists of all the essentials including turmeric, kumkum, castor oil, soapnut powder, arapu powder, chandan tika, pure vibhuti, cup sambrani, camphor pouch, puja vastra, and an agarbathi pack, ensuring an immersive and authentic Ugadi puja experience at home.

Ugadi Image

The occasion revered around Andhra Pradesh, Telangana, Karnataka and Goa, commemorates the day the maker of the universe “Lord Brahma”, created the world, and is marked as the first day of the New Year according to the regional calendar. On this auspicious day, devotees celebrate by visiting the temple, extending their kindness to the less fortunate, exchanging gifts, and savouring in a meal with appetizing flavours. With the introduction of the Om Shanthi Ugadi Celebration Kit, individuals infuse cultural traditions into their homes, and preserve cultural heritage for the present and future generations alike.

Speaking about the product, Mr. Arjun Ranga, Managing Director, Cycle Pure Agarbathi, says, ‘Cycle Pure has consistently played a pivotal role in individuals’ spiritual journeys and remains committed to delivering a comprehensive and fulfilling experience for devotees who honor this sacred festival. We are steadfast in our dedication to providing pure and top-quality ingredients that resonate with our brand’s sustainability principles, emphasizing prayer, celebration, and environmental consciousness.

With the introduction of our Om Shanthi Ugadi Celebration kit, our goal is to facilitate a deep connection with the divine and promote the observance of traditional puja customs, ensuring the longevity of these treasured rituals for generations to come.’ he adds.

Experience the essence of tradition with the Om Shanthi Ugadi Celebration Kit, thoughtfully curated for your festive needs. Embrace the spirit of Ugadi with ease and grace by ordering the Om Shanthi Ugadi Celebration Kit visit your nearest Cycle.in stores.

A Rendezvous with Indian Traditional Jewellery authored by Dr. Alka Raghuvanshi

Gurgaon, 6th April: VAMA.app, a pioneering virtual platform transforming the traditional offline Mandir ecosystem into a digital realm, announces the expansion of its leadership team with the appointment of Divick Kishore as Chief Technology Officer (CTO) and Nitin Saxena, previously instrumental within the organisation, ascends to the role of Chief Business Officer- Operations & Partnership. These strategic hires mark a significant milestone for VAMA.app as it endeavours to fortify its technological infrastructure and propel innovation.

As the CTO of VAMA.app, Divick will leverage his extensive expertise to drive technological innovation, enhance product offerings, and accelerate the platform’s evolution in the digital spiritual services landscape. Nitin, in his elevated role as Chief Business Officer – Operations & Partnership, will continue to drive operational efficiencies to new heights, enrich VAMA.app’s strategic partnerships, and spearhead initiatives that will solidify the platform’s presence in the market and fuel its ascent.

Divick Kishore, Chief Technology Officer, VAMA

Commenting on bolstering the leadership team, Manu Jain, Co-founder, VAMA.app said, “The future of the astrology and Religious Tech market in India is on a trajectory of exponential growth. The foundational shift in consumer behavior towards digital spirituality, bolstered by our innovative platform, sets the stage for this expansion. With Divick and Nitin’s impressive backgrounds and visionary leadership, we are poised to propel VAMA.app into its next phase of expansion. Our aim is to enhance the technological infrastructure and business strategies to better serve the digital and spiritual needs of our growing user base.”

Speaking on his appointment at VAMA.app, Divick Kishore said, “Joining VAMA.app marks the commencement of an exciting chapter where the confluence of opportunity and innovation beckons. I am committed to steering our technological vision towards realising efficiencies and enhancing productivity through the adoption of cutting-edge solutions. Our goal is to elevate the spiritual experience for our users, setting new benchmarks in the digital spirituality realm.”

Further adding to this, Nitin Saxena, said, “It’s exhilarating to further my journey with VAMA.app in this enhanced capacity. The digital transformation of spiritual services offers a unique landscape to innovate and expand. I look forward to deepening our business strategies, cultivating meaningful partnerships, and driving growth that is both sustainable and impactful. Together, we are set to redefine the spiritual journey for our users, ensuring value creation for all stakeholders involved.”

Divick brings over two decades of invaluable experience as a tech entrepreneur, showcasing expertise across diverse technological domains. Divick arrives at VAMA.app with a notable background, including a significant tenure as co-founder and former CTO of InstaAstro, where he was pivotal in scaling the platform’s operations significantly since its inception. Divick’s entrepreneurial prowess is evident in his role in establishing GoRapid Technologies, steering it to significant success before its acquisition by PhonePe. This further highlights his exceptional ability to develop, scale, and lead technology-driven enterprises to triumph. His career journey also includes a leadership stint at Times Internet Limited.

Nitin brings to VAMA.app over two decades of extensive experience spanning various industries including Power, Telecom, ITES, and International Business. He will assume responsibility for overseeing Business Operations and Partnerships. His comprehensive understanding of the D2C business, Go-to-Market Strategy, Mass Retail landscape, Customer Experience Excellence & New Geography Commercial Launches cultivated through extensive engagements across India, Nitin’s distinguished tenure as the Head of Business Development & Expansion to New Geographies at Adani Group driving GTM for launches, streamlining business operations & creating state-of-the-art business processes, coupled with notable accomplishments at Vodafone, underscores his adeptness in driving substantial growth and operational excellence.

Established in late 2020 by visionaries Aacharya Dev, Himanshu Semwal and Manu Jain, VAMA.app has rapidly evolved to redefine the spiritual landscape for its users. With an impressive roster of partnerships that includes over 250 temples and a network of more than 300 astrologers, VAMA.app stands as a beacon of innovation in the faithtech domain. By offering a comprehensive suite of services such as e-pujas, e-darshans, and astrology consultations, VAMA.app caters to a wide array of spiritual needs, firmly establishing itself as a pivotal platform for those seeking to connect with their faith in the digital age.

Redefining Indian Cuisine with a Contemporary Flair: Launching Anardana in Noida

Noida, Uttar Pradesh, April 2024 – Anardana, the celebrated restaurant brand renowned for its innovative approach to classic Indian cuisine, is thrilled to announce the grand opening of its newest outlet in Noida’s bustling Max Square, Sector 129. This expansion marks a significant milestone for Anardana as it brings its unique blend of elevated dining and cocktails to the community of Noida.

anardana

 “In this new location, we have created a vibrant and welcoming atmosphere where guests can savour our specially curated delicacies, impeccable service and all the warmth of Indian hospitality. We have also curated a sustainable beverage menu that highlights our crafted cocktails and mocktails, which takes your taste palate to a different high,” notes Ankur Shukla, Chief Operating Officer.

 Anardana Noida promises an unparalleled culinary adventure, redefining Indian cuisine with a contemporary twist. The restaurant offers a seating capacity of 70, providing an intimate yet dynamic setting for guests to indulge in a feast for the senses. Boasting a warm and sophisticated design with a nod to the 90s Bollywood era, the chic interiors set the stage for a memorable dining experience.

 True to Anardana’s ethos, the Noida outlet prioritises sustainability, offering an exclusive menu featuring ethically sourced ingredients and environmentally conscious practices. From the meticulously plated hero dishes like Palak & Kale Chaat and Quinoa Gol Gappa to the tantalising crafted mocktails such as Mango Matcha Lemonade and Marathi Sol Kadhi, every element is thoughtfully curated to delight discerning palates.

 “At Anardana, we are passionate about creating exceptional dining experiences that celebrate the classics of Indian cuisine with a modern touch. We use only the freshest ingredients and traditional cooking methods to bring you dishes that are bursting with flavour and aroma,” says Culinary Head Gaurav Raghuvanshi.

 Anardana Noida not only boasts a delectable menu but also offers live music and curated entertainment, elevating the overall experience. Whether it’s a casual gathering with colleagues or a cherished evening with friends and family, Anardana Noida provides the ideal backdrop for creating memorable moments. Moreover, the newly opened outlet caters to private events, providing customised menus and a hands-on dining experience for special occasions. With its dedication to excellence in both cuisine and hospitality, Anardana Noida is set to become a beloved destination for food enthusiasts and socialites alike.

 “We look forward to welcoming you to our Noida outlet as it becomes a favourite local spot for memorable dining experiences,” adds Ankur Shukla.

A Rendezvous with Indian Traditional Jewellery authored by Dr. Alka Raghuvanshi and Curated by Manisha Gawade

Ehaaas and Shubhi Publications present the book launch of Dr. Alka Raghuvanshi’s last written book, “A RENDEZVOUS WITH TRADITIONAL INDIAN JEWELLERY” on the occasion of her 63rd birth anniversary. The book is curated by Manisha Gawade and photographed by Avinash Pasricha.

Left Sisters Manisha Gawade right Alka Raghuvanshi

The inauguration with be done by Mr. Amitabh Kant, Former CEO of the Niti Aayog and Dr. Sachchidanand Joshi, Member Secretary, Indira Gandhi National Centre for Arts on Sunday, April 7th, 2024 at the India International Centre, Lodhi Estate, New Delhi at 6:30pm.

Ehsaas, founded by the two sisters Dr. Alka Raghuvanshi and Manisha Gawade, who are both internationally acclaimed Artists, curators and journalists, to promote Indian Arts the world over. Ehsaas announces its first ever Ehsaas Awards for Arts including lifetime achievement, Ehsaas award of excellence as well as Ehsaas Star Awards.

The Lifetime Achievement Awards bestowed to well renowned, Gurus Raja & Radha Reddy (Padma Bhushan) for Dance. The second Lifetime Achievement Award will be awarded to Prof. Niren Sengupta for Visual Arts.

Awards of Excellence will be awarded to luminaries like Shovana Narayan (Padma Shri) for Kathak Dance, Guru Ranjana Gauhar (Padma Shri) for Odissi Dance, Wasifuddin Dagar (Padma Shri) for Vocal Music, Guru Sharon Lowen for Odissi Dance, Smt. Sonal Kalra (Chief Managing Editor, Hindustan Times) for Journalism, Smt. Rashmi Vaidialingam for Theatre and Dance and Sadhna Srivastav for Television. Ehsaas Star Awards will also be given to Radhika Chopra- the queen of Ghazals and Sanjay Arya for Art Book Publishing.

Weekend Watchlist: Teri Baaton Mein Aisa Uljha Jiya, Flash, Farray and Scoop

With the weekend just around the corner, it’s time to dive into the exciting world of OTT releases! From high-octane thrillers to heartwarming dramas, there’s something for everyone on the most popular streaming platforms. Whether you’re in the mood for suspense in Watcho Exclusives series “Flash” or Salman Khan-backed intrigue in “Farrey” or craving the suspense of “Parasyte: The Grey,” Watcho, Disney+ Hotstar, Netflix, Prime Video, Zee5, and Apple TV+ have you covered. And don’t miss out on the romantic comedy “Teri Baaton Mein Aisa Uljha Jiya” starring Shahid Kapoor and Kriti Sanon, now available on Prime Video. Get ready to binge-watch your weekend away with these must-watch releases!

Flash

Teri Baaton Mein Aisa Uljha Jiya

Teri Baaton Mein Aisa Uljha Jiya is a must-watch this weekend for its fresh take on romance and comedy. Starring Shahid Kapoor as a robot scientist and Kriti Sanon as a highly intelligent female robot, the film explores the complexities of love and artificial intelligence. Written and directed by debut filmmakers Amit Joshi and Aradhana Sah, the movie promises a delightful and entertaining experience. Released in theaters on February 9, 2024, this romantic comedy is now available on Prime Video for you to enjoy!

Flash

Flash, a Watcho Exclusives series, is unmissable on the Watcho App this weekend! This riveting suspense thriller directed by Shaurya Singh stars Anshul Pandey, Sagar Kapoor, and Khawahish. Join Vansh Kundra, a portrait photographer, as he unravels the mysterious world of Aksha Chauhan, uncovering a tangled web of deception and secrets. With each episode, Flash intensifies the suspense, keeping viewers hooked and hungry for answers. Don’t miss out on this gripping tale—add “Flash” to your weekend watchlist for an exhilarating ride into the unknown!

Yeh Meri Family Season 3

Yeh Meri Family Season 3 is a must-watch this weekend on Amazon miniTV. Join the Awasthi family, led by Rishi, as they tackle life’s hurdles with humor, drama, and timeless charm. Starring Juhi Parmar, Rajesh Kumar, Hetal Gada, and Anngad Raaj, the series promises to deliver all the laughter, tears, and nostalgia you crave. Don’t miss out on the return of this binge-worthy show—it’s the perfect blend of comedy and drama for your weekend entertainment!

HanuMan

Don’t miss HanuMan this weekend on Disney+ Hotstar! Directed by Prasanth Varma, this superhero extravaganza is a must-watch. With Teja Sajja leading the pack alongside a stellar cast including Amritha Aiyer, Varalaxmi Sarathkumar, and Vinay Rai, it promises an adrenaline-fueled journey into a captivating new cinematic universe. Set in the fictional realm of Anjanadri, the film follows Hanumanthu as he harnesses the powers of Lord Hanuman to battle against evil forces, led by the formidable Michael. HanuMan is the perfect blend of action, adventure, and mythology for your weekend viewing pleasure!

Parasyte: The Grey

Parasyte: The Grey on Netflix should be at the top of your weekend watchlist! Directed by Yeon Sang-ho, this South Korean sci-fi horror series promises a gripping narrative and chilling encounters with parasitic creatures. Based on the manga Parasyte, the show stars Jeon So-nee, Koo Kyo-hwan, and Lee Jung-hyun, guaranteeing a captivating performance. It is sure to thrill audiences worldwide with its intriguing storyline and compelling characters.

Ripley

Add Ripley streaming on Netflix to your weekend watchlist for an unforgettable weekend! Starring Andrew Scott, Johnny Flynn, and Dakota Fanning, this limited series delves into the enigmatic world of Tom Ripley in 1960s New York. Recruited to bring back a wayward son, Ripley’s journey unravels deceit and murder, all captured in moody black and white. With Scott’s captivating performance, “Ripley” promises a slow-burning thriller that will keep you hooked till the very end. Add this gripping period drama to your weekend watchlist for an unforgettable experience!

Farrey

This weekend, get ready for a gripping drama with Farrey on Zee5. Starring Alizeh, Ronit Roy, Sahil Mehta, Zeyn Shaw, and Prasanna Bisht, this official remake of the Thai film Bad Genius (2017) tells the tale of Niyati, an orphaned genius who earns a scholarship at a prestigious school. But when she’s drawn into a cheating racket after helping a wealthy but academically weak classmate during exams, her life takes a dramatic turn. Alizeh, Salman Khan’s niece, makes her Bollywood debut in this intense narrative of scholarship students entangled in a cheating scandal.

Scoop

Make sure to catch Scoop on Netflix, offering an enthralling experience this weekend. Featuring a stellar British cast including Rufus Sewell, Gillian Anderson, Billie Piper, Keeley Hawes, and Romola Garai, the film dives into the infamous BBC interview with Prince Andrew from 2019. Director Philip Martin masterfully reconstructs the events leading to the explosive conversation, with producer Sam McAlister (Billie Piper) orchestrating the momentous sit-down. Gillian Anderson shines as interviewer Emily Maitlis fearlessly grilling the royal family members at Buckingham Palace.

Loot Season 2

Dive into the hilarious world of Loot Season 2 on Apple TV+ this weekend. Join Maya Rudolph, Michael Jae Rodriguez, Joel Kim Booster, and more as they reprise their roles in this uproarious comedy series. Maya shines as the ultra-rich divorcee Molly Wells in this ensemble comedy created by Alan Yang and Matt Hubbard. With witty humor and a stellar cast, Loot promises endless laughter and entertainment.

Wish

Don’t miss Wish on Disney+ Hotstar—an animated adventure for the whole family! Directed by Chris Buck and Fawn Veerasunthorn, the film follows Asha, a 17-year-old girl in the Kingdom of Rosas. Join her journey as she uncovers a dark secret about Magnifico, her country’s tyrannical ruler. With stunning animation and an engaging storyline, “Wish” promises an enchanting experience for viewers of all ages. Gather your loved ones for a magical movie night and immerse yourself in the world of Wish.

RBI repo rate quote_Mr. Ravi Ramesh Pilani, MD at Pilani Realty

ravi ramesh

The stable repo rate indicates a similar outlook for home loan interest rates. This provides some certainty to home buyers in terms of what to expect when it comes to borrowing costs.
This stability can be seen as positive for both new home buyers looking for loans and existing borrowers with floating rates, offering some relief in terms of financial planning.
For borrowers with floating-rate loans, a stable repo rate reduces the risk of a sudden jump in their monthly EMIs due to rising interest rates. This allows for better budgeting and financial planning.

A stable economic environment, often signaled by a steady repo rate, can boost consumer confidence. This might encourage people to spend more, potentially benefiting businesses and the overall economy.

Gas Market Update, March 2024

Mumbai, Friday, 06th April 2024: The Indian Gas Exchange (IGX) traded 1.13 Million MMBtu (~28 MMSCM) gas volume in March’24, lower by 80% on YoY basis, due to increasing trend in gas prices and extended winter reducing gas based power demand.

A total of 65 trades were executed during the month. The maximum number of trades were executed in Daily contract, 23 trades; followed by Fortnightly & Monthly contracts 15 and 14 trades respectively.

The most active delivery point for free market gas was Dahej & KG Basin for Ceiling Price gas. Other trading delivery points were- Ankot, Suvali, Mhaskal & Bhadbhut.

During the month, the Exchange traded gas deliveries were 28,83,950MMBtu (~2.34 MMSCMD).

GIXI (Gas Index of India) for March 2024 was Rs 799/$9.6 per MMBtu, lower by 10% last month. GIXI- South was Rs. 677/$8.1 per MMBtu and GIXI-West Rs 814/$9.8 per MMBtu. Different spot gas benchmark prices recorded were: HH at ~$1.5/MMBtu, TTF at ~$8.5 /MMBtu, whereas LNG benchmark indices were: WIM ~10 $/MMBtu.

Total Domestic ceiling price category gas traded during the month was 3,31,100 MMBtu at below ceiling price (avg. ₹730/MMBtu) at KG Basin delivery point.

In Financial Year 2024, IGX witnessed significant activity with a total trading volume of 41 Million MMBtu lower by 20% YoY mainly due to decline in sale by domestic gas producers and its resale by marketers. Domestic Ceiling Price Gas accounted for 23.3 Million MMBtu, while Free Market Gas trade touched record 17.5 Million MMBtu, increase of 20% YoY. There were 998 trades executed throughout the year.

Gadimoga emerged as the most preferred delivery point for Domestic Ceiling Price Gas, whereas Dahej dominated Free Market Gas trades. Daily and Monthly contracts were the most popular choices, followed by Weekly, Fortnightly, Day-ahead and Weekday contracts.

IGX currently offers delivery-based trade in six different contracts such as Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly, under which the trade can be executed for six consecutive months.