Archive: September 30, 2022

ET Money introduces the first-of-its-kind Great Indian Investment Festival: To reward users for building good financial habits

New Delhi, 30 September 2022: Encouraging Indians to save & invest during this festive season, ET Money, one of India’s largest wealth tech apps, has announced the launch of the first-of-its-kind festival called ‘Great Indian Investment Festival’. Through this unique initiative, ET Money will reward users for building & exhibiting good financial habits.

Through this 17-day-long festival, the app will offer users a festive discount on ET Money Genius & rewards that would include assured shopping vouchers, lifestyle subscriptions, daily lucky draws & bumper prizes. Some of the mega prizes on offer are the latest iPhone 14 Plus, iPad Air, and Royal Enfield Interceptor bike. Investors can also win up to Rs 2 Lakh in cash for helping their friends and families develop good financial habits through referral.

ET Money believes that for decades, users have built a habit of spending and getting rewarded during the festive season. With India adopting an investment culture, there should be encouragement for Investments and savings too.

Speaking on the launch of the Great Indian Investment Festival, Mukesh Kalra, Founder & CEO, ET Money commented, “Festive season is often a time of the year when most of us get swayed by tempting deals and offers on items which we often do not actually need, thereby upsetting our monthly budgets, future financial plans, and savings goals. Relaying our mission to help Indians invest intelligently, the investment festival aims to make investing a permanent habit by rewarding the start of the habit during this festive season. We are privileged to be able to facilitate long-term wealth creation for individuals, their families & friends through this unique initiative.”

ET Money’s Great Indian Investment Festival goes one step forward by rewarding even the good habit of getting one’s friends & families to start investing too through unique rewards for referrals. This way more Indians can participate in the wealth creation journey and get rewarded to take their first steps in form of daily rewards, special discounts, discounted ET Money Genius membership months, lucky draw prizes along with a bumper prize.

Introducing Rupay Bachao, a New Age Cashless Trading in India

Amid slowing economic activity, COVID-19 has led to a surge in few sectors like e-commerce which accelerated digital transformation. In the future, if we will look back at 2020 it is considered to be as the period that changed everything. Nowhere else has unprecedented and unforeseen growth occurred as in the digital and e-commerce sectors, which have boomed hurriedly amid the COVID-19 crisis. The Indian government launched the Digital India initiative with the goal of transforming India into a digitally empowered nation with improved online infrastructure. Aligning with this thought, the brand Rupay Bachao came into existence under the company name KMKD Rupay Bacho LLP. Rupay Bachao is an app based online platform for shopkeepers, businesses their directors, employers, vendors, agents etc to do smooth and seamless business partnerships without involving cash transactions. The platform helps the consumers to make a deal in more safe and secure way.

The cashless transaction is quickly becoming the preferred option, and there are numerous advantages associated with it. Rupay Bachao platform allows trading activities between shopkeepers and businessman to trade their goods and services in exchange of RFTs (Rupee Free Token). Any registered member can use RFTs to buy or use other services without involving cash transaction. For the first time in India, such application has been designed for B2B business model where the registered members and their employees can buy and sell goods and services without involving cash.

Growing since its inception in April 2022, the platform has now remarkably enrolled more than 500 brands which includes Real Estate, Tourism and Travel Industry, Hospitality Sector, Advertising & Marketing, Interior & Décor, Food & Groceries, Construction Business etc.

At Rupay Bachao, all the transactions are digitally recorded and that’s the reason it is considered to be one of the most secured and safe apps. Each and every transaction that happens between the members will be recorded in the books of account. Further, Rupay Bachao has a transparent data sharing policy with Indian Government/ taxation authorities. Thus, every sale that takes place on the platform is treated as income of the individual member and every purchase as his/her expenses under appropriate heads.

On the launch, Mr Amit Gupta, MD, Rupay Bachao stated, “Digital India is the new India! Govt has formed this vision to transform India into a digitally empowered society and knowledge economy. To meet this objective, we created Rupay Bachao to make the businesses more efficient. Our platform promotes digital payments through cashless transactions in align with Government’s Digital India policy. In this digital era, we have thoughtfully created a fully secure and flexible way to allow members to increase their sales through applications and at the same time save the cash outflow by sourcing their requirements from the members on the platform.”

RBI Monetary Policy Quote | Colliers | ISIR | Trehan | Square Yards

Ramesh Nair, CEO, India and Managing Director, Market Development, Asia, Colliers

“RBI hiked the repo rate for the fourth time in a row by a further 50 bps to 5.9% as the government remains committed to tame inflationary pressures amidst global headwinds. However, domestic economic activities remain promising, thus providing the Central Bank with the required elbowroom to continue withdrawing its accommodative stance. Resultantly, RBI slightly moderated its growth target to 7% for FY 2022-23.

In response, banks are expected to continue raising their home loan rates in the next few months. With the festive season in the offing, developers are likely to dole out attractive schemes to attract fence sitters and first-time homebuyers. As the rate hike was on expected lines and the market has largely recovered from the pandemic lows, the home buying sentiment is not likely to be impacted significantly.

Mr. Amit Goyal, CEO, India Sotheby’s International Realty 

In the last 5 months, RBI increased the repo rate by 190 basis points, from 4% In April to 5.90% now. The RBI has taken into consideration the broader economic and liquidity scenario and needs to curb the inflation further. Falling rupee is also a major concern amidst global uncertainty, besides high fuel prices. It is important to understand that policy rates and regulation will decide the long-term growth of the economy and the real estate sector.

The hike might impact consumption sentiments negatively ahead of the festive season. However, from a home buyers’ perspective, home loan rates will still remain below 9% per annum and they must utilize this opportunity and make their purchases by cashing in on offers and festive discounts in the market.

Piyush Bothra, Co-founder and CFO, Square Yards 

The RBI has taken another aggressive stance by recalibrating the repo rates for the fourth time this year to further rein in the inflation and restore the economic health of the country. In real estate parlance, this revision won’t have any significant impact on consumer sentiments which is buoyant at present. In spite of the hike, the affordability of the home loan is still good, and robust housing demand and growing income stability will continue to keep the real estate sector in an advantageous position. Besides, with the festive season knocking on the door, the residential sector is expected to put up a good show, as the market is overflowing with new buyers. However, we may see an exercise of caution from second and upgrade home buyers.

Saransh Trehan, managing director, Trehan Group 

This is the fourth consecutive rate hike by the apex bank in the last five months. However, the demand in the housing market continues to remain robust despite subsequent rate hikes, in fact in many cities it is improving. So, we don’t see any major impact in the scenario even after today’s RBI decision. However, with home rates hovering between 8-9%, further tightening, if any, will start to impact the sectoring and thereby the overall economy.

TVS Credit anticipates growth in loan disbursals fuelled by the festive season demand

India, September 30, 2022: India’s leading and one of the fastest-growing financial services provider, TVS Credit, expects strong momentum heading into the festive season for its loan offerings – Two-Wheeler Loans, Consumer Durable Loans, Mobile Loans, Used Car Loans, Tractor Loans, Used Commercial Vehicle Loans, Business Loans, and Personal Loans. The company anticipates growth in loan disbursals in the ongoing festive season.

Over the last two years, there has been subdued consumer demand due to the pandemic. In such a scenario, the role of a retail financer is very important to help consumers realise their dreams. To cater to that, the company has rolled out lucrative offers, schemes, rewards, and exciting gifts to coincide with India’s biggest festivals like Dusshera, Dhanteras and Diwali. With these offers being available at over 30,000+ touch points, it expects a wider reach for its easy EMI financing options that help customers meet their aspirations.

This year, the company’s Diwali Offer for Two-Wheeler Loans promises instant approvals of up to 95% funding and up to 60 months of loan tenure with assured discount vouchers worth Rs.15,000 along with the eligibility for a Personal Loan.

The company is also offering a 10% cashback on the purchase of consumer durable products. An Aadhaar-based loan approval process, zero down payment and no-cost EMI make it an easy financing option for customers.

Additionally, our existing customers with InstaCard will get discount vouchers of up to Rs.10,000 for transactions made during this period.

The company will also launch the fifth season of its flagship consumer promotion, the “Magical Diwali” campaign. This integrated marketing campaign will engage customers through digital channels and points of sale by offering exciting rewards to them during the festive period.

Commenting on the forecast, Ashish Sapra, CEO of TVS Credit, said: “Our demand outlook is promising as we are looking at building on our channel partner relationships and giving customers a better value for money through our innovative loan offerings that address their needs and aspirations. Consumer sentiment is likely to be upbeat around this season, which will propel a spike in loan disbursement.”

TVS Credit is built on the promise of helping its customers aspire big by empowering them through its convenient financing options. Its festive offerings will bring much-needed financial inclusiveness, furthering its vision of Empowering India.

The pride art show organised by Navya Naveli Gallery The limited edition

Navya Naveli Gallery presents with pride the show named “The limited edition” , which comprises Etching litho, serigraph and prints.

A show that fits in one of its kind . The Show showcases the the works of acclaimed artist like:

M F Hussain, Raza, Anjiole Ela Menon, Akbar Padamsee , Arpana Caur, Shakti Burman, Raja Ravi Varma, Bhupen Kakkar, Tyeb Mehta and even Salvo De Dali.

The limited Edition show is opening on 30th of September and curated by Amrita kochhar abs Kanika Khandelwal Respected Rajeev Sethi ( Padam Bhushan ) Will be the guest of honour for the show.

Navya Naveli Gallery presents a show which not only showcases the work and talent of some of the best artists from India but also a boost of beautiful range Of etching and litho.

Unwind this festive season with a bottle of non-alcoholic wine, Jacob’s Creek UNVINED, a festive gifting basket staple

Festivities are right around the corner and undeniably it is the most indulgent time of the year. While zero-sugar sweets and gluten-free savories have already made their way to our festive menus, its time to expand our low-calorie beverage options.

Be it in the quest for sobriety or just a momentary break from the regular bar favorites during Navratri & Diwali, what better way to celebrate the festivities than with a special bottle of non-alcoholic wine series by Jacob’s Creek UNVINED? This non-alcoholic range is available in two varieties – Riesling and Shiraz.

The UNVINED range has 50% fewer calories than regular wine of the same varietal, catering to the consumer base looking for varied options to suit their preferences and mood. UNVINED is the perfect answer to occasions when one wants to enjoy a glass of wine without the alcohol content yet retaining the true character of the original styles and flavors. Whether you are celebrating with your partner or friends and family, Jacob’s Creek UNVINED is a perfect gifting option to celebrate the most auspicious season of the year.

Unvined Riesling offers attractive citrus, lime, and floral notes that are typical of Australian Riesling. The light-bodied palate of the non-alcoholic wine with refreshing fruit notes is balanced by crisp acidity on the finish. While Unvined Shiraz has appealing plum, blackberry and spice note distinctive to a South Australian Shiraz. Its medium-bodied palate delivers sweet fruit and lightly toasty oak flavor supported by soft ripe tannins.

Unvined Riesling and Shiraz are available in select retail outlets in Delhi and Mumbai and pan-India through Amazon India and Reliance outlets at INR 900/-.