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business

India’s Grade A office market is likely to touch 1.2 billion sq ft by 2030; valued at USD 165 billion at current pricing: JLL

Apr 28, 2022 by Gouri 0 Comments

Mumbai, 28 April 2021: The office segment in India has been one of the fastest to recover from the impact of the pandemic. The recovery has been so phenomenal that India’s Grade A office market across the top seven cities is poised to grow to over 1 billion sq ft in size by 2026, said a JLL paper titled ‘Reimagining, Reinventing and Redefining Real Estate 2030’released today at the National Real Estate Development Council (NAREDCO), Maharashtra’s flagship event, The Real Estate Forum 2022whereJLL associated as a Knowledge Partner.

In the post-Covid world, the flex space segment is expected to grow and be a mainstream occupier segment with operator-landlord partnerships creating superior office assets. As a result of the evolution to a more distributed work model, occupiers will look at strategies to not only make their portfolio more agile but also tap into the talent pool from emerging urban centers. The flexible space segment will play a key role in supporting occupiers’ growth strategies given the changing dynamics of portfolio optimization and employee needs. As such, the flex market is expected to double its footprint across the top seven cities by 2025 to ~75 million sq ft and cross the 100 million sq ft mark by 2030.

Karan Singh Sodi, Regional Managing Director, Mumbai & Ahmedabad, JLL said,

“Given the growth dynamics, India’s Grade A office market across the top seven cities is poised to grow to over 1billion sq. ft in size by 2026 and touch 1.2 billion sq ft by 2030. India will continue to remain the leader in technology outsourcing and will build on its gains as the biggest R&D and Global Capability Centre hub across financial services, software development, new technology, artificial intelligence and machine learning. Also, with the country’s renewed focus on making itself as a manufacturing hub, engineering and manufacturing firms will setup large R&D centers here, making its office market the most dynamic in the region. It has already proved itself as the global vaccine hub making it healthcare and life sciences R&D leader. India may potentially account for over2/3rds of all occupier activity in the Asia Pacific region.”

The office and the residential segments in India have seen a very smart and sustained recovery in the past few quarters. With investor confidence back, as witnessed by the rise in total institutional investments in the Indian real estate segment, we are well poised to grow exponentially in the next few years. What is most heartening to witness is the occupiers’ focus on sustainability and green solutions to help reduce the carbon footprint.

Mr. Sandeep Runwal, President, NAREDCO Maharashtra & MD, Runwal Developers, said, “One of the highlights of the post COVID world has been the recovery of the office segment and this segment is expected to grow to over 1 billion sq ft in size by 2026 across seven cities which includes Delhi, Mumbai, Pune, Chennai, Kolkata, Bangalore and Hyderabad. It’s an interesting development which we believe is an apt topic to focus on at the NAREDCO Maharashtra flagship event The Real Estate Forum 2022.”

Sustainability is the key to the future

India’s commercial Grade A office stock across the top seven cities has a 42% green-certification penetration. The penetration of green-certified buildings is likely to cross the 50% mark overall over the next decade. In fact, new supply is likely to be green rated to an extent of 70-75% even as older projects look to upgrade and reduce their carbon footprint. With occupiers driving the green agenda and willing to pay a premium for such green buildings, affirmative action on net zero carbon pledges by occupiers will push the commercial office segment towards setting aggressive sustainability and net-zero carbon targets.

India’s listed REITs would be one of the leading markets in the Asia Pacific

The market capitalisation of listed REITs which stood at USD 8 billion currently is expected to grow manifold with the specialized REITs market developing in the next few years. This will also lead to increased retail participation. Consolidation of rent yielding assets across segments Institutional investments in rent yielding assets across segments will increase leading to higher consolidation of assets. Portfolio deals will become prominent.

Urban logistics grows on the back of e-commerce

The rise of e-commerce and the ‘within-15-minutes delivery’ has been the powerful engine for the growth of the urban logistics and in-city logistics story. Multi-story warehouses would also act as the next step in logistics for effective utilization of land at the last mile delivery locations as well as peripheral logistics. On-demand warehousing offers flexibility and agility to direct-to-consumer sellers to avail of order fulfillment or warehousing services as and when required. With omnichannel focus, customers expect new alternatives such as buying online and pickup in-store or shipping from store.

health

A courageous 3-Year-Old brave heart gets a new lease of life at Medica Superspecialty Hospital

Apr 28, 2022 by Gouri 0 Comments

Hyderabad, April 28th, 2022: Medica Group of Hospitals, the largest private hospital chain in Eastern India, at its flagship facility Medica Superspecialty Hospital in Kolkata conducted a rare and critical operation on a 3-year-old girl child with a very uncommon birth-related heart disease. The team of experienced doctors from departments of pediatric and congenital heart disease joined hands together for this complex and exceptional case. Under the supervision of Dr. Anil Kumar Singhi, Senior Consultant and Head, Department of Pediatric and Congenital Heart Disease, Medica Superspecialty Hospital, the child survived the ordeal which turned out to be, one of the most unexpected recoveries in recent time.

In 2019, while the Bhattacharjee family from Hooghly were cherishing the moment of their first child, they were traumatized to learn that their child had an unusual heartbeat which could be the only sign that she has PDA (Patent ductus arteriosus – a heart problem that occurs soon after birth in some babies, which usually goes away after 72 hours) or a hole in the heart. After a month of frequent checkups in the hospital, the sound did not stop. Post consultation with their family pediatrician, the child was referred to Dr. Anil Singhi at Medica Superspecialty Hospital. Without any further delay, the child was rushed to Medica for treatment. After a thorough diagnosis by the Medica team of doctors, it was learned that the child had an abnormal connection between the two heart chambers.

An unusually long tunnel was abruptly twisted backward and linked to the right atrium (the upper right chamber of the heart that receives polluted blood from the body) from the left side of the aorta (the principal artery transporting pure blood from the left lower heart chamber to the body). That abnormal tunnel was draining out blood from three openings of the upper right chamber of the heart which could have resulted in the swelling of blood vessels, or Ischemia (a condition in which the blood flows out resulting in oxygen restriction or reduction) in the cardiac muscle. Due to numerous risk factors associated with the unusual tunnel, it was decided to seal the tunnel after a few months of examination.

The entire process got delayed for 2 years due to the dreadful COVID-19 pandemic which was witnessed by the entire nation. After subsequent challenges, on April 5, 2022, when the child was 3 years old, she was eventually admitted to Medica for her due treatment. The anatomy of the tunnel was determined using Echocardiography followed by a Cardiac CT Angiography which confirmed the tube anatomy. On 6th April, various attempts to close the tunnel via the right side of the heart chamber were unsuccessful at first. As a result, the tunnel was determined to be closed from the left side of the heart chamber. The tunnel was successfully closed using a KONAR –MF occluder (a device) through a transcatheter route. The Child was discharged with a very satisfying post-operative evaluation after 2 days (8th April) of the surgery and is slowly getting back to her normal life.

Dr. Anil Kumar Singhi, Senior Consultant and Head, Department of Pediatric and Congenital Heart Disease, Medica Superspecialty Hospital, said, “The little girl had visited us in an ill state with heart failure symptoms. The diagnosis of the extremely rare condition in the child was challenging. The child required intense medical therapy and close supervision to allow her to grow initially. Managing the distressed family in the COVID-19 pandemic was again a nightmare as procedures had to be deferred. It was an incredibly challenging method due to the difficult pathway, alongside the abnormal tunnel is very rare and uncommon in the World. Transcatheter closure in small children is rewarding for both the patient and the medical team. Worldwide, only a few instances of mainly surgical closure have been reported in the scientific literature. After all the challenges, and difficulties faced, we are extremely pleased to know that the child is doing extremely well, and we wish her and the family the very best in life.”

Mr. Bhattacharjee (the father of the child), stated, “We see the doctors on a regular basis for checkups, and we are really satisfied with the love and care that are given to our daughter. When our child was admitted to Medica, she did not have any symptoms, but her left ventricle was larger due to the abnormal tunnel. In just 2 weeks’ time, her ventricle has already returned to its normal size which proves that she has been healing quickly now. Our hearts are filled with enormous joy after seeing our daughter’s smile and laugh once again.”

Having set benchmarks in patient care, Medica Superspecialty Hospital, which has a world-class comprehensive department for heart failure, at the facility, in Kolkata, is widely known for its excellence in cardiac care has now added another feather to its cap, after successfully conducting the high-risk operation with extensive options for treatment and management of the congenital cardiac disease.

Education

Oliveboard announces Free SEBI Grade A 2022 Mock Interview Batch

Apr 28, 2022 by Gouri 0 Comments

Bangalore, April 28, 2022: Edtech platform Oliveboard has announced SEBI Grade A 2022 Mock Interview Batch, starting from May 02, 2022. The series will help in preparing aspirants who have cleared the SEBI Grade A 2022 Phase 2 exam for the interview round. The enrollment in this mock interview batch is absolutely free.

Abhishek Patil, CEO, Co-Founder, Oliveboard added ‘’SEBI Grade A 2022 mock interview series will help the aspirants prepare for the examination with ease and further help them perform well in the entrance. Our distinguished interview panel will ensure they cover the most expected interview questions.’’

The mock interview batch includes 30 minutes of Live interview session, exclusive coverage of the key interview questions and detailed feedback. The mock interview will be conducted by retired SEBI and RBI officials who have more than 30 years of experience with these prestigious organizations and have also been a part of the Interview panels previously.

business

Make a Promise of Forever with De Beers Forevermark’s Icon Bridal Collection

Apr 28, 2022 by Gouri 0 Comments

Bangalore, 28 April, 2022 – Whether a message of love or an enduring promise, nothing says “I do” like De Beers Forevermark’s Bridal collection. On the auspicious occasion of Akshaya Tritiya that celebrates new beginnings, the diamond brand presents a range of exquisite diamond jewellery.Inspired by the joy and beauty of the commitment that couples make to one another, De Beers Forevermark offers unique engagement and wedding diamond rings as a symbol of a couple’s shared love for each other, marking auspicious new beginnings with the promise of forever.

“As one of the most auspicious days in the Indian calendar, Akshaya Tritiya is associated with bringing good luck, success and fortune to those starting new ventures and celebrating new milestones in relationships. Diamonds hold meaning and value, marking a special memory in time. We hope that our specially crafted jewellery makes the expression of ‘I do.’ between couples set to mark new beginnings in their relationship, even more meaningful on this propitious day,” said Sachin Jain, Managing Director, De Beers India.

Designed to represent the romance and brilliance of a star in the night sky, while also mirroring the outline of a diamond – two everlasting symbols of forever, the icon has been reimagined in a diamond jewellery line. The collection features delicate settings and motifs enhanced by the beauty of De Beers Forevermark diamonds that captivate like stars at the centre of each design.

Deeply emotional and instantly life-changing, ‘I do.’ is one of the most meaningful and time-honoured expressions of intent. For more than a century De Beers has been helping couples express this profound commitment to each other. Each De Beers Forevermark engagement ring represents the promise of forever that is unique to every relationship.

Find your nearest De Beers Forevermark stores here https://www.forevermark.com/en-in/store-locator/ or discover the collection online at https://www.forevermark.com/en-in/diamond-rings/engagement-rings/

business

eXp India Rolls Out Series of Roadshows Across India Setting New Benchmarks in the Real Estate Industry

Apr 28, 2022 by Gouri 0 Comments

Gurugram, April 28th 2022 – As part of its efforts to promote eXp global’s practices in India, eXp India, a subsidiary of eXp World Holdings, Inc., and one of the fastest-growing full-service cloud-based real estate brokerage firms, recently hosted a series of roadshows in several cities across India. Besides showcasing eXp’s real estate offerings, the roadshow also served as a platform to train eXp’s agents in the city to enhance their skills and recognize their contributions. A team of expert trainers toured the cities to educate real estate agents on addressing clients’ needs as efficiently as possible. The event drew the attention of numerous real estate agents interested in partnering with eXp India.

An open discussion session was also held during the event enabling the trainers to address questions and exchange information directly with the audience. The roadshow kicked off in Jalandhar followed by Ludhiana, Chandigarh, Bangalore, Hyderabad, and Mumbai, before concluding in Pune. Over a thousand agents participated in the training that equipped them with tactical skills they could use in real-life situations.

Speaking about the event, Shashank, Vashishtha, Executive Director, eXp India said, “eXp India’s Roadshows series has been a huge success across the country. Since buyers are increasingly investing in residential and commercial projects, property values in several cities in India are accelerating in the post-COVID-19 era, which indicates that the Indian housing market is regaining strength, slowly but steadily. This initiative by eXp India is intended to improve our real estate agents’ skills and boost their morale so they can enhance their efficiency and help the industry reach the pre-pandemic levels.”

He added, “In order to provide the best service, it is important for real estate agents to know what their clients expect from them. There can be no barriers to success for them as long as there are clear rules and guidelines and as long as they can be assured of their agency’s support. The whole process, however, must be streamlined and simplified. The purpose of this roadshow was to enable our agents to better understand how to deal with home buyers in order to make their homebuying experiences seamless. Additionally, the event also served as a superb platform for explaining how eXp’s agent-centric Metaverse-driven business model works. The series of roadshows conducted by us also stimulated the curiosity in the real estate agents, thereby catalyzing more people to join us.”

The roadshow received a successful response from the seven bustling cities of India and also attracted the real estate partners in the respective cities who explored the unique model of eXp India curated around the commission, community and cloud-based working. Additionally, real estate experts and eXp leaders who answered all the burning questions surrounding the subject were present at the event to train and recognize the existing associates of eXp India.

Education, news

21K School students ace the International Benchmark Test 2021-22

Apr 28, 2022 by Gouri 0 Comments

Bangalore, April 28th, 2022: Students from India’s leading online only school – 21K School – have achieved outstanding results in the globally run International Benchmark Test (IBT), thereby providing a testament to the quality of online learning, in comparison to students from physical schools in India and abroad who took the same test. The IBT is run by the Australian Council for Educational Research (ACER), a not-for-profit educational research organisation, with a mission to improve learning worldwide. ACER is trusted by schools around the globe to provide reliable, valid and evidence-based assessments like the IBT program, delivering more than 7 million assessments every year through their cutting edge online platform.

Students from grade 3 to 8 of 21K School participated in the IBT 2022 for English, Science and Mathematics, between November 2021 to January 2022. The average score of 21K School students grade-wise were well above the national and international average, compared with schools in India and internationally that attempted the test. The average score of 21K School students of grade 7 in Science is 574 compared to scores of other students in India and abroad with scores of 553 and 551 respectively. The low variation in learning outcomes at 21K School shows that the online only school has a personalised approach for every student. Given alongside is comparison of IBT scores in the subject of Science, Grade 7 between 21K School students and Indian and International School students, which showcases the major leap in the scores attained by 21K School students.

IBT helps students assess their results against international benchmarks, and against a described proficiency scale of student ability worldwide. It provides a broad picture of student learning with a rich variety of reports and data provided to schools, as well as detailed individual reports for parents showing student progress. The IBT consists of diagnostic testing and is designed to challenge students across a broad range of ability levels. It helps assess deep conceptual understanding rather than simple recall of facts as well as recognizes learning achievement and monitor progress over time.

Echoing the students’ success, Yeshwanth Raj Parasmal, Co-founder & Director, 21K School, said, “We are extremely happy to see that our students have fared well above the national and international average scores in IBT 2022. This is testament that our online schooling format provides better learning outcomes. We are so proud of our students who aced the IBT 2022 as we have worked very hard on the pedagogy and provided our 200+ teachers with the right tools, processes and training to secure positive learning outcomes for every child at 21K School.”

21K School was established in 2019, and today has over 3,500 students, aged 3 to 18 years, from 400 cities in India and 35+ countries logging in online five days a week to study either an Indian, British or American curriculum. Over 200 trained teachers conduct classes for 3 to 4 hours per day, depending on the grade a student is in. An important advantage of being in 21K School is that a student is able to study together with children from around the world and this helps in the inclusive development of students.

business

Hamdard Laboratories returns with its campaign for its iconic ‘Cinkara’ brand “ JOSH HAR DUM”

Apr 28, 2022 by Gouri 0 Comments

New Delhi, 28th April 2022: Hamdard Laboratories (Medicine Division), a progressive, research-based health and wellness organization, has rolled out two new marketing campaign ZINDAGI KA JOSH HAR DUM and a special Ramadan special campaign for its iconic brand Cinkara , urging people to start the day (Sehri) and break the fast (Iftaar) with Cinkara since it can keep the people energized.

To prevent the sweltering summers become an obstacle in everyday work, the new campaign encourages people, and for those who are fasting, it urges them to start the day with Cinkara and do their Iftar by consuming Cinkara. The campaign stresses how its nutritional value is beneficial for all age groups. It supplements vitamin deficiency, increases stamina, helps improve appetite, helps relieve stress, alleviates acute illness, and speeds up recovery.

Cinkara is effective in restoring lost energy, increasing appetite, improving debility and conditions of fatigue, and is effective in convalescence. Cinkara is a well-known tonic with vitamins, minerals, and herbal extracts. It contains six essential Vitamins along with four minerals and nine effective herbs to keep the body strong, healthy and agile. It is a complete health tonic for the entire family.

“At Hamdard, it’s our constant endeavor to provide products that are targeted at holistic wellness and keep us energetic to fight life challenges . Cinkara campaign is the testimony of providing holistic healthcare to all age groups.. ”, said Mr. Abdul Majeed, Chairman, Hamdard Laboratories (Medicine Division).

Cinkara tonic is available on various e-commerce in 500 ml only. It is available on platforms like 1 mg, Amazon and Healthmug.

Hamdard Laboratories offers trusted products that are 100% safe & with no side effects at affordable prices. The portfolio includes immunity boosters such as Khulzum, Joshina, Joshanda, Imyoton, Infunza, Kalonji Oil, and Chyawanprash that combine the goodness of time-tested herbs. These natural/herbal formulations are rich in antioxidants and effectively fight various antimicrobial infections like flu, cough, and cold.

business

Teleradiology Solutions and AMTZ sign agreement to provide teleradiology services for the government sector

Apr 28, 2022 by Gouri 0 Comments

National, 28th April 2022: Teleradiology Solutions (TRS), a leading global provider of remote radiology services, today announced that it has signed an agreement with Andhra Med Tech Zone (AMTZ) to establish a hub in the zone dedicated to providing remote radiology image reads focused on government sector and public sector by expert radiologists supported by innovative artificial intelligence (AI) solutions Through this hub, AMTZ and TRS will reach out to pan-India government hospitals, state-wide rural health centers (including those under the National Health Mission), and public sector undertakings with hospitals where TRS will provide remote radiology services. A health cloud is conceptualized which will ensure that all this radiologic data is archived in a central location for all government hospitals across India so that research institutions may use the data to conduct research projects.

The agreement was signed by Dr Jitendar Kumar Sharma, MD & CEO, AMTZ, and Mr. Kishor Joshi, Chief Business Officer, TRS, in the presence of senior management from both the organizations.

“The agreement between TRS and AMTZ enables the latter to onboard government and public sector organizations which can benefit from complete range of diagnostics through a single portal, including teleradiology, image storage and sharing and comprehensive reporting solutions. This collaboration will help develop a faster adoption of current generation technologies while also providing innovative AI based healthcare solutions in the field of remote radiology through our bespoke technology platform RADSpa” said Mr. Kishor Joshi.

Speaking on the occasion, Dr Arjun Kalyanpur, CEO & Chief Radiologist, TRS said “We are greatly excited and optimistic about our collaboration with AMTZ, which is in alignment with Teleradiology Solutions mission to bring high quality diagnostics to areas of need, in keeping with the vision of the National Digital Heath Mission. Our presence in AMTZ’s vibrant Pyramed, a symbol of its creative and futuristic approach to the advancement of medical technology, gives fresh impetus to our initiatives to bring telehealth services, which are the future of healthcare, to remote areas throughout our country.”

Dr Jitendra Sharma, MD & CEO, AMTZ highlighted that “with this initiative it will be easier to integrate Health Services delivery with industry promotion. Computational methods, analytics and data science approach will help provide indigenous MedTech products such as CT Scanner, MRIs with fully integrated reporting, storage and analytical services. Teleradiology is an example of the successful use of medical technology to deliver high quality radiology diagnostics to areas of need. Using a hub and spoke model, Teleradiology enables immediate reporting of emergency scans in critical conditions and also provides radiology reporting services to locations where there are no radiologists available”.

business

Nestlé India celebrates three years of the Hilldaari spirit in Mussoorie

Apr 28, 2022 by Gouri 0 Comments

Project Hilldaari by Nestlé India today celebrated three years of keeping Mussoorie clean and green. Over the years, the interventions have resulted in over 10,000 metric tonnes of solid waste being diverted from landfill through a multi-stakeholder collaboration involving municipal councils, citizens, contractors, waste workers and influencers.

To commemorate the journey of Hilldaari, an event was organised with participation from all stakeholders, highlighting glimpse of the interventions in previous years. The journey depicted how earlier all the waste from the city was being dumped in a 150-year-old landfill called Gaddikhana. The waste accumulation was not only polluting the air but also contaminating the main water source of the city. Through collective efforts over the years, waste is now sent for recycling and processing to Sheeshambara Facility in Dehradun. The local residents are participating in waste segregation to ensure sustainable waste management. Public spaces have been beautified with wall paintings and portraits of waste workers, waste to art installations and upcycled waste infrastructure, spreading the awareness around cleanliness and waste segregation and influencing people not to litter.

Commenting on the journey, Mr. Sanjay Khajuria, Director – Corporate Affairs, Nestlé India said, “At its core, the Hilldaari initiative believes that all of us have something to contribute to make this world a better place. Many stakeholders have joined hands as part of the Hilldaari initiative, this has helped in managing solid waste as well as working towards bringing about a sustainable change and protecting the environment. By fostering a collaborative approach towards waste management, it is our belief that there is every chance the impact will sustain even in the long term.’’

Ms. Jyoti Mhapsekar, President, Stree Mukti Sanghatana further added, “We are honoured to work on a unique project that has collectiveness and inclusivity as its core values. The beauty of the project Hilldaari lies in how it ensures the value derived out of well-functioned and efficient waste management system reaches to the last mile stakeholder who is marginalised and is at the bottom of the waste supply chain – our formal & informal waste workers. It is a great pride for us that today entire waste workforce of nearly 200 in Mussoorie has been professionalized and informal women waste pickers has been united to form SHG and on their way to create alternate sources of income for themselves.”

Ms. Meha Lahiri, Chief Financial Officer (CFO), Recity Network also stated on the occasion “We are extremely happy to see how our waste intelligence technology and the support of our partners, city administration and residents have revolutionised the waste management of Mussoorie. Our collective vision of making Mussoorie, a model city in terms of solid waste management for hill cities across India has been realized. A model we believe is scalable, inclusive, contextualised and resilient in its characteristics.”

During the pandemic, the Hilldaari team extended further support by organizing virtual training for waste workers to help them adapt to the changes in the new normal, equipping them with safer working conditions. They were provided with PPE kits and safety kits and trained how to use it. Trainings were also provided on how to collect waste with minimum contact, ensure proper sanitation and safety. Waste workers were also trained to use smartphones and digital monitoring apps required for monitoring the collection and segregation of waste.

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