Archive: August 13, 2022

NMDC & FICCI to organise Conference on Indian Minerals & Metal Industry

New Delhi, August 2022: NMDC and FICCI will be organizing a conference on Indian minerals and metals industry on the theme ‘Transition Towards 2030 & Vision 2047’ on 23rd and 24th August at Taj Palace, Diplomatic Enclave New Delhi.

The two-day event is being organised in commemoration of the 75 glorious years of India’s Independence and the ongoing “Azadi Ka Amrit Mahotsav” in collaboration with the Union Ministries of Steel and Mines. The key objective of the event is to have deliberations on the roadmap for minerals & metals sector to achieve the ‘Vision 2047’.

The programme will be graced by speakers from across industry, policy and academia. Global and domestic producers, mineral organisations, policy makers, mine equipment manufacturers, country heads of global corporates, Central and State Government officials among others would be present and address the conference.

The conclave would involve deliberations and analysis of global and Indian minerals and metals industries, interaction of emerging technologies in the mines space, talks on the requisite policy environment.

Addressing the curtain raiser event, Mr. Sumit Deb, Chair, FICCI Mining Committee and Chairman-Cum-Managing Director, NMDC Ltd noted that given the vast mineral resource base in the country and the evolving and easing business and regulatory environment, international giants too are showing interest in the country’s mines and mineral industry along with domestic players.

“Collaboration between all relevant stakeholders including industry, Centre and states is the key and the upcoming conference will work as a platform to strengthen the collaboration and chalk out the plan ahead. Addressing the challenges and obstacles and finding out solutions for them is the key to progress and this conference would provide the right platform for that.” Mr Deb said.

“Mining sector in India is going through a paradigm shift with reforms to ease the business ecosystem and make the country self-reliant. Easy and efficient decision has been the key in our policy making and norms are being formulated to further ease the policy making and help get clearances in a time-bound and judicious manner,” added Mr. Deb

Mr. D K Mohanty, Director (Production), NMDC Ltd. said that with the country vying for self-sufficiency and efforts being made to lower the import dependence, the mines and mineral industry would play a major role in India’s roadmap for growth and attaining the target of turning into ‘AtmaNirbhar Bharat’.

Ms. Jyoti Vij, Deputy Secretary General, FICCI noted that mines and minerals sector is at the core of government’s decision making process and the target is to achieve optimum utilization of the domestic resources, which would also boost employment and bring about rapid economic development in different parts of the country.

The upcoming conference would also have deliberations on new age minerals, digitalization & automation and other technological innovations. The programme will also witness a country panel discussion on the future of minerals and metals worldwide.

The conference would enable understanding global commodities market for minerals and metals, highlight the inter-linkage between mineral development and economic growth, the developments in the international markets that can impact the Indian minerals and metals industry and identifying opportunities in Indian minerals and metals industry among others.

India is well endowed with most of the minerals and produces 95 minerals, including fuel, atomic, metallic, non-metallic and minor minerals.

Being unexplored, the exploration and mining companies have a lot to offer to the country. Further, with rapid pace of urbanization, it is expected that there will be steadily increasing demand for mineral and metals, especially from infrastructure and manufacturing sectors. With both the supply and demand scenario matching up, the industry can boom in the country and provide massive contribution towards the target of $5 trillion economy.

Matrimony reports billing growth of 10.8% y/y in Q1 FY23

Hyderabad, August 2022: Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2022, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, “A good start to the year with a double-digit y/y billing growth. It is also heartening to see our paid subscriptions grow 13.8% y/y giving us the confidence that our strategic priorities are making good progress. We will continue to strengthen these focus areas to maintain this momentum”.

Key financial highlights for the quarter ended June 30, 2022

Consolidated

· Billing at Rs 116.5 crores (growth of 1.3% q/q and 10.8% y/y)

· Revenue at Rs 116 crores (growth of 4.9% q/q and 10% y/y)

· Profit After Tax (PAT) at Rs 12 crores (growth of 2.1% q/q and decline of 13.5% y/y)

Matchmaking

· Billing at Rs 114.6 crores (growth of 1.2% q/q and 9.4% y/y)

· Revenue at Rs 114.2 crores (growth of 4.6% q/q and 8.9% y/y)

· Added 2.5 lakhs paid subscriptions during the quarter (growth of 7.2% q/q and 13.8% y/y)

Other highlights

· BharatMatrimony encouraged singles to Be Choosy in new TV campaign that explores the bias against women who want to be choosy when it comes to finding the right life partner

· BharatMatrimony’s “Pehle Padhai Phir Shaadi” – a social initiative to empower girls to choose education over marriage, bagged 14 awards, at the Kyoorius Creative Awards. The awards are a celebration of the most outstanding and innovative work in advertising and marketing communications

Hyperlive is yet another Made-In-India, For the World Innovation from Glance after pioneering lock screen as a category globally

Bangalore, August 2022: As India celebrates Azadi Ka Amrit Mahotsav this Monday to mark 75th year of the country’s independence, Glance, a leading consumer internet company and an unconsolidated subsidiary of InMobi group today said the company would commemorate the auspicious day unveiling ‘Hyperlive’ experiences through a series of patriotic and inspirational shows it intends to host on mobile lock screens throughout the day.

‘Hyperlive’ is a truly made-in-India next generation premium ‘live’ content experience. Pioneered by Glance, Hyperlive experiences bring the most authentic and happening moments in real time to users combined with high-octane and rich interactions just like those happen in the real world.

Glance will celebrate the spirit of India, her ingenuity and innovation by dedicating the entire day to have special shows that will chronicle India’s freedom struggle, ideas and achievements among others. Millions of consumers are expected to come together on their smartphone lock screens on August 15 for a unique day-long celebration that will celebrate the spirit of India.

“India has gone from strength to strength in the past 75 years of Independence. It is a matter of great pride for us to have been a part of her phenomenal growth story,” said Naveen Tewari, Founder and CEO, InMobi Group. “Our vision has always been to add value to people’s digital lives. Over the past 15 years, we have built global brands that have consistently shared the stage with some of the world’s biggest technology innovators. We continue to stay committed to our role in the growth of a digital India and our mega celebration on Glance lock screen on August 15 is a testament to our commitment,” he added. 

Glance’s Hyperlive Show Schedule 

On Independence Day, Glance users will experience over 30 unique Hyperlive shows, that will celebrate the spirit of India. In order to commemorate the occasion, Glance will light up all its lock screens with India’s national flag making #HarScreenTiranga and will empower users with a dynamic feature that will offer content across hues and themes, resonating with India.

Some of the key shows include India Ki Umeed which will host select CWG 2022 medallists including Tulika Maan, Eldehose Paul, Sushila Devi and Sagar Ahlawat and more. These sportspersons will conduct live shows capturing their personal journeys and achievements in run up to the Independence Day. Mile Sur Mera Tumhara, an ingenious live show will have multiple artists perform a medley of some of the most iconic and popular soul-stirring songs. Users will be able to request the host to play their favorite patriotic songs, taking them down the memory lane. Another show Indian Local will celebrate the humbling success of home-grown brands like EK, Khoj.city and A Littel Extra among others. In this Hyperlive commerce show via live creator streams, users will be able to select up to four brands using a live request board, and all products from the most voted brands will be available at a discount of up to 75%!

India’s famous Minecraft player Darklord along with other gamers will build some of India’s Greatest Monuments during Minecraft LIVE. Viewers will be able to engage and support the gamers in completing their constructions on time. In Flight Simulator LIVE, users will be able to lead their favorite TheGamersToys via live polls and requests, to give them a bird’s eye view of India. This includes users’ favorite states, buildings and monuments across the country.

Pioneering Innovation in Technology 

Earlier this year, InMobi was recognized by the Government of India as a key contributor to India’s history of innovation. Commemorating India’s 75 years of independence, NITI Ayog in April this year had recognised InMobi as one of the 75 technological milestones in the country’s history of innovation since the Independence.

In 2019, Glance, a consumer business of InMobi, created a global category when it reimagined mobile lock screens as a powerful, smart ‘surface’, as a pioneer in this space. It was the first platform to bring the internet to the lock screen, becoming the gateway for millions of consumers. In enabling personalised discovery on lock screen, Glance is bridging the digital divide, shattering barriers of language, technological know-how, and education that the traditional search and app download-based internet is riddled with. Hyperlive is yet another “Made In India, For The World” Innovation from Glance, which will transform content experiences from passive consumption to real world like experiences as one interacts, engages and immerses with other users, creators and content.

AIC NMIMS Inks MoU with Legalwiz.in…

Mumbai,  August 2022: AIC NMIMS, one among the many Atal Incubation Centres in India funded by Atal Innovation Mission set up by NITI Aayog, has recently inked a Memorandum of Understanding (MoU) with Ahmedabd-based Legalwiz.in, a leading legaltech company founded in April 2016 to helps start-ups with legal, financial, corporate and taxation compliances.

Early stage start-ups face difficulties when it comes to understanding and dealing with legal compliance and other technical matters. However,this exclusive industry-academia collaboration between AIC NMIMS and Legalwiz.in will certainly address all the teething problems faced by new start-ups. Whether it is IP registration, Tax registration & Filings, Legalwiz.in will take care of all this and more, enabling the incubatees at AIC NMIMS to concentrate on their entrepreneurial journey and in scaling their start-ups while leaving the regulatory and legal aspects to Legalwiz.in. They also assist the start-ups with trademark, patent and copyright matters, besides legal drafting in a transparent manner. Having successfully served more than 6,000 start-ups and MSMEs, Legalwiz.in’s credibility is above par. The fruitful association between AIC NMIMS and Legalwiz.in is certain to give a renewed impetus to the start-up ecosystem in the country, enabling more innovative entrepreneurial ideas and opportunities to emerge.

The incubatees at AIC NMIMS will be able to avail the services of Legalwiz.in at a preferential discounted price. Not to mention, they will get the opportunity to tap into Legalwiz.in’s wide business network, both national and international, which will help expand the incubatees’ own businesses, making fund raising a less daunting exercise. The incubatees will also be able to avail of the plethora of business services offered by the Legalwiz.in Partner Services Platform, which includes eCommerce, CRM, web development, customer care, financial services, payment gateways, etc, at pre-determined prices.

Mr. Harshal Shah, CEO, AIC-NMIMS Incubation Centre, expressed his happiness about AIC-NMIMS’ signing of MoU with Legalwiz.in., and said, “Taking care of legal and compliance issues is a very important aspect of any business and this valuable partnership will help our incubatees and nascent start-ups to soar high without having to worry about the legalities. It will also help promote a conducive environment for the start-up environment to flourish”. 

Speaking on the occasion, Mr Shrijay Sheth, Founder – Legalwiz.in, said, “We are proud to partner with AIC NMIMS to further accelerate entrepreneurship and startups. I strongly believe that academia-industry collaborations will usher in the next phase of growth and drive entrepreneurship, creating market-facing, customer-ready products and services. Thus we have instituted partnership programs with Atal Incubation Centers (AICs) and entrepreneurship-cells, wherein nascent ventures can access best-in-class services in the ecosystem and focus on scaling their business. Partnering with industry leaders, we are striving to drive a culture of learning, collaboration and synergistic growth in the ecosystem, making it more resilient. We invite AICs & e-Cells to partner with us and usher in the next wave of entrepreneurship by helping to further create a collaborative ecosystem.”