2024 - Business News Week

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How Chefs are experimenting and pushing boundaries with ingredients and techniques

Jul 23, 2024 by Mansi 0 Comments #Chef, #Gourmestan, #ingredients, #Shivani Sharma, #techniques

Shivani Sharma, Chefpreneur & Founder - Gourmestan and Blissbitesgc pic

By-Ms. Shivani Sharma, Founder of Gourmestan.

Chefs are at the vanguard of the ever-evolving culinary industry, constantly pushing the limits of what’s feasible within the kitchen. These culinary pioneers reimagine the dining experience for trendy discerning clients with the aid of foraging for unique hyperlocal ingredients with cutting-edge technology.

Mastering Culinary Techniques
Chefs are pushing the boundaries of gastronomy in a number of ways, one of which is their knowledge of sophisticated culinary methods. These culinary innovators now incorporate the creativity of 3D printing, the whimsy of molecular gastronomy, and the innate micro calibration of sous vide. Chefs transform common ingredients into remarkable concoctions that defy conventional taste buds by employing these complex techniques. This results in an eating experience that encompasses textures, presentations, and sensory engagement in addition to flavours.

Exploring Hyperlocal Ingredients
In addition to being technically competent, chefs are also deeply exploring their local surroundings for unique and unusual materials. This hyper-local approach not only promotes sustainable food systems but also produces truly one-of-a-kind dishes. Foraging for wild herbs, fungi and flowers, have blossomed into a trend since chefs use these overlooked ingredients for their cooking. This contributes to the unique and authentic taste of the dishes made possible by local products like heirloom grains or heritage breeds of livestock.

Crafting Immersive Dining Experiences

The goal of the dining scenario of today is to give customers an incredibly captivating and unforgettable encounter. Chefs try to entice the senses with their inventive methods and ingredients because they recognise that the culinary experience is much more than just consuming food. Acknowledging the visual presentation of a dish as one of its integral parts, these culinary pioneers strive for meticulous attention to plating and presentation. Various flavors, textures, colors and shapes together contribute to something magical in the realm of gastronomy. Thus attracting the interest of diners who are introduced to the endless possibilities of the culinary artistry and innovation.

Through their adoption of state-of-the-art technologies, hyperlocal ingredient sourcing, and creation of immersive culinary experiences, chefs are pushing the boundaries of what is feasible in the kitchen. Their innovative attempts encourage diners to broaden their own gastronomic horizons too.

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StoxBox: Buy Aarti Drugs for 16percentage Upside

Jul 22, 2024 by Mansi 0 Comments #Aarti Drugs, #CMP, #Manish, #StoxBox

StoxBox has issued a “Buy” rating for Aarti Drugs Limited, projecting a target price of INR 602, reflecting a 16% upside from the current market price (CMP). This recommendation is based on a valuation of 23x FY26e earnings and highlights the company’s solid growth prospects over the next 12 months.

stoxbox

According to Manish Chowdhury, Head of Research at StoxBox, “Aarti Drugs is strategically positioned in the pharmaceutical industry with its extensive portfolio of over 50 compounds. The company’s significant presence in key therapeutic segments and its robust global footprint underscore its potential for substantial growth. Our target price of INR 602 reflects our confidence in Aarti Drugs’ ability to capitalize on its innovative capabilities and operational strengths.”

Aarti Drugs, a global pharmaceutical company, generates 33% of its revenue from exports, with major markets being North America, Latin America, and Africa. The company operates nine manufacturing plants in Tarapur and two in Sarigam, adhering to stringent quality standards and regulatory approvals. Aarti Drugs’ revenue has grown at an 8.8% CAGR from FY2020-24, with diversified revenue streams including anti-biotics, anti-protozoal, and anti-diabetics. Recent capacity expansions and new product launches are expected to boost revenue by INR 400-500 crores over the next three years.

Manish adds: “With ongoing capacity expansions and strategic new product launches, Aarti Drugs is well-positioned to enhance its market share and operational efficiency. The company’s focus on innovation and its expansive global market presence provides a solid foundation for achieving our projected growth targets.”

With a strong track record, significant capital expenditure plans, and a focus on expanding its product offerings and export markets, Aarti Drugs is well-positioned for future growth.

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BluPine Energy Secures Financial Closure for 120 MW Solar Project in Gujarat with Funding from State Bank of India

Jul 22, 2024 by Mansi 0 Comments #BluPine Energy, #Gujarat, #Solar Project, #State Bank of India

Mumbai / National, 22nd July ’24: BluPine Energy, a leading renewable energy services company established in India by global infrastructure investor Actis, has announced the successful financial closure for its 120 MW Solar Project in Panshina and Radhanpur village of Gujarat under Gujarat Urja Vikas Nigam Limited (GUVNL).

This milestone has been achieved through securing debt financing from State Bank of India, one of India’s largest banking and financial services organizations. The total sanctioned debt for this ambitious project amounts to INR 436 crores (USD 52.85 Million). Once operational, the plant is expected to generate approximately 2.98 lakh MWh of energy annually, offsetting an estimated 2.7 lakh tonnes of CO2 emissions each year and supplying power to around 2.7 lakh households.

Mr. Neerav Nanavaty, CEO, BluPine Energy, said, “With this latest partnership, BluPine Energy continues to lead the charge in India’s renewable energy sector. Achieving a total renewables capacity of 2.4GW, including 850 MW of operational capacity across 27 sites in seven states, reflect our commitment to sustainable development and our ability to deliver clean energy solutions at scale. We thank our teams for their dedication and hard work, as well as our continuous focus on innovation and sustainability. We are proud to contribute to the nation’s renewable energy goals and remain committed to expanding our footprint and impact in the years to come.”

Sanjeev Bhatia, CFO, BluPine Energy, commented, “Securing financing from State Bank of India for our 120 MW solar project is a major advancement for BluPine Energy. This collaboration enhances our capacity to provide clean energy solutions that support India’s expanding renewable energy initiatives. This project exemplifies how innovative financing can accelerate the transition to a more sustainable future.”

The electricity generated from this plant will be supplied to Gujarat Urja Vikas Nigam Limited (GUVNL) under a Power Purchase Agreement (PPA) for 25 years from the scheduled commercial operation date.

technology

Introducing BOULT’s CruiseCam X3: Dual Vision with 145° FOV, 3.7″ HD Touch Screen and G – Sensor

Jul 22, 2024 by Mansi 0 Comments

New Delhi, July 22, 2024: BOULT, India’s fastest-growing wearable tech brand, proudly announces the launch of the CruiseCam X3, a cutting-edge DashCam designed to enhance road safety and connectivity. Following the success of the CruiseCam X1 series, the X3 offers superior dual vision with front and rear cameras, capturing every detail in 2K and 1080p Full HD resolution. Equipped with a 3.7″ HD touch display and ultra-wide 145° FOV, the X3 ensures comprehensive road coverage.

boult

The CruiseCam X3 features dual cameras, providing both front and rear recording capabilities. The front camera captures in stunning 2K resolution with a 4MP sensor, while the rear camera records in 1080p Full HD with a 2MP sensor. This setup ensures that every detail on the road is captured, offering an all-round view and enhancing overall safety.

With the 3.7″ HD touch display, the CruiseCam X3 allows for easy navigation and real-time monitoring of video footage. The device also supports WiFi connectivity, enabling seamless integration with smartphones through the Boult Cruise app. The app offers features such as live streaming, organised video galleries, and easy access to recorded events, ensuring that users can manage their recordings effortlessly.

The dashcam boasts a 145-degree ultra-wide field of view (FOV), significantly reducing blind spots and capturing a broader perspective of the road. Additionally, the built-in G sensor detects collisions and triggers emergency video recording, safeguarding critical evidence during accidents.

Built with a robust aluminium alloy body, the CruiseCam X3 is designed to withstand the rigours of daily driving. The inclusion of an in-built super capacitor enhances durability and performance, particularly in extreme temperatures, making it a reliable choice for drivers in diverse conditions.

Speaking on the launch, Varun Gupta, Co-Founder, BOULT, said, “Continuing our vision of creating customer-centric connected devices, BOULT has made remarkable advancements over the years. With the recent expansion into home audio and now auto tech, we are progressing towards our goal of developing integrated ecosystems. The CruiseCam X3 series, with its high-definition video, advanced safety features, and seamless connectivity, embodies our dedication to innovation and customer satisfaction. This product is designed to meet the evolving needs of drivers, ensuring enhanced road safety and a superior driving experience.”

With these advanced features, the CruiseCam X3 is ready to set new standards in vehicle surveillance and safety technology, offering drivers enhanced security and peace of mind on the road.

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12 Unusual Symptoms of Ovarian Cancer: How to Detect This Silent Killer

Jul 22, 2024 by Mansi 0 Comments #Dr. Sashanka Shekar Das, #Ovarian Cancer, #Silent Killer

Dr. Sashanka Shekar Das, Medical Oncologist, MBBS, MD, DM Medical Oncology, HCG Cancer Centre, Kolkata.

Maintaining gynaecological health is essential for women’s overall well-being. By staying informed and adopting a proactive approach, women can detect and manage potential issues early. Regular check-ups, open communication with healthcare providers, and awareness of symptoms are crucial steps in this process. Prioritizing gynaecological health empowers women to lead vibrant, healthy lives and take charge of their wellness.

Ovarian cancer, in particular, is detected only after it has spread within the pelvis and abdomen. This silent disease seldom shows specific signs and symptoms in its initial stages. However, it is crucial for women to identify the indicators that their ovary may be at risk. Therefore, maintaining a healthy lifestyle and being vigilant about changes in your body are essential for early detection and effective treatment.

Symptoms To Look Out For –
Here are twelve symptoms that require special and immediate attention:

 Abdominal Bloating: This involves a feeling of fullness or tightness in the stomach area, often accompanied by visible swelling or distention. Bloating can result from various factors, such as overeating, gas, constipation, and underlying medical conditions like irritable bowel syndrome (IBS) or ovarian cancer.

 Pelvic Pain: Discomfort or pain in the lower abdomen or pelvis region can stem from multiple causes, including menstrual cramps, pelvic inflammatory disease (PID), endometriosis, ovarian cysts, and conditions affecting the reproductive organs.

 Frequent Urination: Women may experience the need to urinate more often when ovarian cancer cells grow on the outside of the bladder wall or when ascites in the pelvis compresses the bladder.
 Loss of Appetite: A common symptom of ovarian cancer, it often includes feeling full quickly and having difficulty finishing even modest meals.
 Fatigue: Extreme tiredness or exhaustion can be caused by cancer altering normal protein and hormone levels, which are linked to inflammatory processes in the body.
 Back Pain: Severe lower back discomfort that interferes with sleep can be linked to ovarian cancer, primarily caused by fluid gathering in the pelvis and causing discomfort in the lower back tissues.
 Indigestion (Dyspepsia): Pain in the upper abdomen, also known as indigestion or dyspepsia, can be an early symptom of ovarian cancer.
 Changes in Bowel Habits: While constipation is a common issue, unexplained, persistent constipation, or difficulty passing stool could be a cause for concern, especially if it’s new.
 Irregular Menstruation: Changes in your menstrual cycle, such as periods arriving earlier or later than usual, can be a sign of ovarian cancer. This may also include unusually heavy bleeding or bleeding between periods.
 Abnormal Vaginal Bleeding: Bleeding after menopause or during sexual intercourse can be a cause of ovarian cancer.
 Unexpected Weight Loss: Rapid, unexplained weight loss without changes in diet or exercise can be a sign of ovarian cancer. This can occur as the body prioritizes resources to combat cancer cells.
 Shortness of Breath: As ovarian cancer progresses, fluid accumulation in the abdomen can push against the lungs, leading to difficulty breathing or shortness of breath.

How to Detect Ovarian Cancer

Regular Check-ups: Schedule regular gynaecological exams, and discuss any unusual symptoms with your healthcare provider.
Know Your Family History: Be aware of your family medical history, as genetic predisposition can increase your risk.
Ultrasounds and Imaging: If you have symptoms, your doctor may recommend ultrasounds or other imaging tests to check for abnormalities.
Blood Tests: Certain blood tests, like the CA-125 test, can help detect ovarian cancer, especially in those with a high risk.
Biopsy: In some cases, a biopsy may be necessary to confirm the diagnosis.

Taking Action Early detection of ovarian cancer is crucial for successful treatment outcomes. By recognizing and paying attention to these often subtle and unusual symptoms, women can take proactive steps towards seeking medical advice and potentially life-saving interventions. Regular check-ups, staying informed about your body, and not ignoring persistent symptoms are essential in the fight against ovarian cancer. Remember, early detection is key to improving survival rates and maintaining a healthy life.

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VIT Bangalore Launches ‘Data Science and AI Programme’ Empowering the Next Generation of AI-Powered Data Scientists

Jul 22, 2024 by Mansi 0 Comments #AI Programme, #Data Science, #Data Scientist, #VIT Bangalore

Bengaluru, July 22, 2024: The growing demand for AI-driven decision-making across industries underscores the rising demand for skilled professionals who can transform raw data into actionable insights. However, there’s a substantial 51% disparity in between the demand and supply of AI/ machine learning (ML) BDA tech talent in India as highlighted by NASSCOM’s State of Data Science & AI Skills in India report. Acknowledging the need to bridge this gap, Vellore Institute of Technology (VIT), Bangalore has announced the launch of its Data Science and AI programme.

The 16-week online Data Science and AI Programme is specifically curated for early professionals seeking a solid understanding of Python, data science, and foundational knowledge of machine learning and generative AI applications. It also caters to mid-managers looking to apply these concepts to data science, machine learning, and generative AI projects, equipping them with the skills needed to excel in a rapidly evolving digital landscape.

VIT has introduced this programme to equip learners with the essential skills required to become an AI-powered data scientist. Through the integration of open sources libraries like Pandas and Matplotlib in the curriculum, participants will master Python, industry-standard language and will gain expertise in leveraging AI techniques. The machine learning algorithms will enable them to tackle real-world challenges and unlock the hidden potential of data. By bridging the gap between data analysis and intelligent decision-making, VIT empowers professionals to excel in the rapidly evolving digital landscape.

According to the report by Analytics and Data Science Jobs in India report, 2023, jobs for data science professionals with two to five years of experience grew by 34%. Another report by Grand View Research, 2023 highlights that the global AI market is expected to reach a staggering by 2030, fuelling a surge in data science jobs. These data rightly emphasise the need for advanced courses like VIT Bangalore’s Data Science and AI Programme. It offers a unique blend of theoretical knowledge and practical application, focusing on industry-relevant skills, tools and real-world challenges. By integrating real-time industry relevant tools, the programme ensures that learners are well-equipped to meet the evolving needs of the data science and AI landscape, empowering them to become leaders in this dynamic field.

The VIT Bangalore’s Data Science and AI Programme includes in-depth exploration of ML algorithms, including supervised and unsupervised learning, as well as time series analysis. Delivered by VIT Bangalore’s renowned faculty expert in Data Science, ML & AI, the programme offers recorded as well as live sessions and an industry-tailored curriculum. It also features hands-on Jupyter notebook exercises, real-world case studies for Python-based data science exploration, as well as live interactive masterclasses for Generative AI and other modules to help learners understand concepts effectively. Moreover, the programme comes at a cost-effective price point, making quality education more accessible to a wider audience. The programme includes modules such as popular data science packages in python, data visualisation with Matplotlib, and intro to machine learning and python libraries, alongside GenAI modules such as foundations, Python implementation, data science applications and synthetic data creation among others.

Through this programme, participants will be able to:

· Get an overall understanding of the Python language and its applications in data science and ML

· Learn how to manipulate and visualise data to generate insights

· Dive into Machine Learning techniques and discuss applications of ML tools and frameworks

· Get a functional knowhow of how to apply tools and frameworks to real-life examples across industries

· Dive into live sessions on Generative AI, covering foundational concepts, hands-on implementation, and practical applications. Learn about GANs, VAEs, and synthetic data creation to enhance your data science skills and career prospects

· Gain hands-on experience with live sessions on Python functions, data science packages, data analysis, visualisation, data cleaning, and EDA with linear algebra

The ‘Data Science and AI Programme’ will commence on 30 September 2024, with a fee of INR 50,000 plus applicable taxes. Upon successful completion of the programme with a minimum grading of 70%, participants will be awarded a certificate of completion from VIT Bangalore.

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Scope Global Skills University and IBM launch B. Tech programs in AI/ML and Data Science

Jul 22, 2024 by Mansi 0 Comments #AI/ML, #B. Tech program, #Dr. Siddharth Chaturvedi, #Global Skills University, #IBM

Bhopal, 22 July, 2024 – Scope Global Skills University (SGSU) has announced a collaboration with IBM Innovation Centre for Education (IBM ICE) to offer B.Tech programs in Artificial Intelligence & Machine Learning (AI/ML) and Data Science. This partnership aims to combine the academic excellence of SGSU with IBM’s technological expertise to provide students with high quality educational experiences.

The IBM ICE program is an innovative initiative to prepare students for the fast-evolving field of information technology. By integrating theoretical learning with practical training, students gain the essential skills needed to succeed in the tech industry. Developed in collaboration with IBM experts, the curriculum covers a wide array of emerging technologies, ensuring students receive comprehensive and relevant information.

Students will benefit from project-based study, allowing them to apply theoretical knowledge to real-world scenarios and develop practical skills. Additionally, internships facilitated by IBM ICE will provide students with valuable industry experience and exposure. Through the Teach the Trainer (T3) initiative, SGSU professors will receive training from IBM experts, enhancing the quality of instruction and student engagement.

IBM ICE Day will serve as a platform for students to showcase their innovations and achievements, providing networking opportunities with industry professionals. The collaboration will also offer students access to the latest industry trends and best practices through guest lectures, seminars, and industry visits.

Graduates of the B. Tech programs will earn industry-recognized certifications and digital badges from IBM, boosting their employability and career readiness. The partnership between SGSU and IBM ICE will create a holistic learning environment that blends academic excellence with industry expertise, preparing students for successful careers in AI, ML, data science, and other IT fields.

Mr. Hari Rama Subramanian, Founder, IBM ICE program highlighted the significance of the collaboration and the transformative impact it would have on the field of AI, ML and Data Science education.

Speaking about the collaboration Dr. Siddharth Chaturvedi, Chancellor of Scope Global Skills University, said, “As we embark on this collaboration with IBM, we envision a future where education transcends traditional boundaries, equipping students with not just knowledge but practical skills that are indispensable in today’s dynamic job market. This partnership with IBM marks a significant step towards empowering our students with an expertise in AI/ML and Data Science. Together, we aim to bridge the gap between academia and industry, preparing our graduates to excel in their careers and contribute meaningfully to the global workforce.”

IBM, a global leader in technology and innovation, has a long history of leading advancements in the tech industry. The IBM ICE program at SGSU will provide students with pioneering technological knowledge and industry-specific training, allowing them to thrive in a constantly changing landscape. This collaboration will ensure that students are well-prepared to bring immediate value to their employers and drive innovation in the IT industry.

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Shared EV Mobility Leader Yulu Enters Hyderabad, Its Ninth City

Jul 22, 2024 by Mansi 0 Comments #Amit Gupta, #EV Mobility, #Hyderabad, #Ninth City

New Delhi, July 22, 2024: Yulu, India’s largest shared electric vehicle (EV) mobility technology firm, today launched its service in Hyderabad, Telangana. The rollout will see Yulu introducing its purpose-built shared EVs on city roads for the first time. Yulu’s service was inaugurated in the presence of Mr. Jayesh Ranjan (IAS) Special Chief Secretary, Information Technology and Industries & Commerce, Government of Telangana. The launch event also featured a vibrant EV rally by city-based delivery partners working for Swiggy, Blinkit, Zepto and other brands.

yulu

Yulu’s entry into the City of Pearls marks a milestone for its mission to revolutionise clean and shared mobility in urban India. To start with, Yulu will deploy its purpose-built DeX EVs in the Cyberabad Commissionerate area — a knowledge and technology hub comparable to the nation’s finest industrial centres. One of India’s most loved shared EV brands, Yulu has made mobility affordable, accessible and greener in Bengaluru, Mumbai, Navi Mumbai, Delhi, Gurugram, Indore, Kochi and Tirunelveli. Having powered 110+ million green deliveries to date, Yulu has gained immense popularity due to its excellent product-market fit for e-commerce and quick-commerce applications, its cutting-edge technology, and its industry-first flexible pricing model that enables 30-40% more savings for delivery partners.

In Hyderabad, Yulu will seek to replicate the success it has achieved in other markets. As a cosmopolitan city with rising income levels and technology-savvy residents, Hyderabad is known for its excellent infrastructure, corporate parks and tech hubs like HITEC City, as well as its high liveability factor. Rising consumption and the emergence of new-age industries in the city have catalysed its quick-commerce and food delivery industries. All these factors make it an ideal market for Yulu’s green and app-based hyperlocal delivery solutions.

Yulu’s service is also aligned with the State Government’s aim to provide comprehensive intra-city mobility infrastructure and sustainably develop its metropolitan area under the upcoming Hyderabad Master Plan. Mr Jayesh Ranjan (IAS) says, “The Government of Telangana is dedicated to advancing the electric vehicle sector. Hyderabad, with its young and tech-savvy population, serves as an ideal environment for the adoption of innovative technologies and business models in the electric mobility space. We are pleased to welcome pioneering mobility-as-a-service companies like Yulu to the city’s shared mobility landscape.”

“Yulu is delighted to launch its service in Hyderabad, an economic and business powerhouse whose citizens share a love for technology-led solutions for everyday life,” says Amit Gupta, Co-Founder and CEO of Yulu. He adds, “As Hyderabad emerges as a beacon of sustainable urban development, Yulu will champion affordable and zero-emission solutions for last-mile mobility that improve residents’ quality of life and empower delivery workers, brands and consumers. By unlocking EVs for last-mile delivery and creating several new gig work jobs in Hyderabad and its surrounding areas, Yulu looks forward to partnering with the State to create a vibrant and inclusive economy.”

For delivery riders, Yulu’s simplified and smart technology, compact and traffic-friendly form factor and affordable and flexible rental packs make it the ideal mobility partner that allows them to deliver more and earn more. Riders also get several additional benefits, such as zero maintenance and minimal downtime, thanks to assured battery availability and one-minute swaps at the battery swap stations of Yuma Energy, an associate of Yulu that provides Battery-as-a-Service (BaaS). Yulu’s inclusive service also eliminates entry barriers for aspiring gig workers — including women — who are constrained by the lack of a driver’s licence or vehicle, high vehicle down-payments, and fuel costs.

Besides riders and brands, Yulu’s service will support State and City-level administrators in their goal to create jobs and promote sustainable urbanisation. This underscores Yulu’s role as a catalyst for positive change, leading the way towards a greener and prosperous future for Hyderabad and beyond.

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Poonawalla Fincorp AUM up 52% YoY to Rs26,972 crore PPoP at Rs432 crore in Q1FY25, up 47% YoY and 6% QoQ

Jul 22, 2024 by Mansi 0 Comments #Mr. Arvind Kapil, #MSME finance, #NBFC, #Poonawalla Fincorp

Chennai, July 22, 2024: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, today announced its unaudited financial results for the quarter ended June 30, 2024.

The Company continued to register consistent growth in AUM & profitability, superior asset quality and customer engagement during this period.

Key Highlights – Q1FY25:

Assets:

Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ
AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.

Asset Quality:

Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ
Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ
Provision Coverage Ratio stood at 52.53%

Profitability:

Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ
Profit After Tax (PAT) was ₹292 crore, up 46% YoY
Return on Assets (RoA) stood at 4.62%
Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ

Capital Adequacy and Liquidity:

Capital Adequacy Ratio was 31.57%, with Tier-1 at 30.09%, well above the regulatory requirement of 15%
Liquidity buffer stood at ₹5,192 crore.

Commenting on the results, Mr. Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp, said,

“Our fundamental guiding philosophy for all businesses will be productivity, predictability and sustainability. We envisage achieving it through higher investments mainly in collections, technology and launch of new businesses. This will help us build a retail franchise step-by-step, process-by-process with solid risk management and mix of right products.”

Archive: July 23, 2024