Archive: November 14, 2022

TRST Score Bags ‘most Innovative HR Tech Award’ at the HR Tech Summit and Awards 2022

India, 14th November 2022: TRST Score, the world’s only employee trust score platform, won the Most Innovative HR Tech Award on 9th November 2022. The awards ceremony was held by HR Tech Summit and Awards at the Ritz Carlton, Bengaluru. This accolade, given to TRST Score, highlighted the company’s Innovative and holistic idea and celebrated the worth they have added to the corporate and tech world. Founder and CEO of TRST Score, Mr. Sudhakar Raja has received the award and shared his thoughts regarding Human Risk Mitigation and how TRST Score helps businesses in India solve this $800-billion problem.

TRST Score is a start-up based out of Chennai providing an innovative SAAS-based solution to mitigate Human Risks such as Accepting Offers and Not Joining, Absconding Employees, Fraud, and other such issues surrounding employees, agents, customers, partners, etc. s. TRST Score allows employers, Banks, Finance Companies, and Insurance companies to report unethical practices by their employees, agents, customers, etc. on the platform. The uniqueness of this concept has caught the attention of various companies, already serving over 150 clients. TRST Score has partnered with FIDCl, Sa Dhan, WASME, NHRD Chennai, and many more associations.

HR Tech Summit and Awards is an attempt to help the HR sector to grow and adjust to the changing scenario of digital transformation. With the changing times, HR needs to step up and create new and unique ways to evaluate risk, manage processes and help an organization grow. The event was organized by UBS Forums. Many eminent HR leaders from across India were a part of it and participated by speaking on multiple topics around the theme of ‘What’s Next in Tech for HR’.

Commenting on the receipt of this accolade, Mr. Sudhakar Raja, Founder, and CEO, of TRST Score said, “It’s an absolute honor to be recognized as the ‘Most Innovative HR Tech Award 2022’ at the HR Tech Summit. This summit stipulates a perfect platform for the upcoming innovative and strong leaders of the industry across India by bringing them together to showcase innumerable technology-driven solutions for the Human Resource. We, at TRST Score, have been working on revolutionizing the hiring process and helping companies mitigate employee risk. Our systems are driven by AI (Artificial Intelligence) and NLP (Natural Language Processing), giving us a digital edge.”

Khadim India records overall 41 % Year on Year growth

Kolkata, 14^th November 2022: Khadim India Ltd., the second largest retail footwear brand, today announced their financial performance for the quarter ended 30th September 2022. The company saw increased demand for its products riding on the festive season resulting in the brand continuing its healthy business performance during the quarter.

The Company’s continued focus on creating affordable premium products to meet consumer demand, increasing brand footprint by scaling up retail presence and distribution focus have been instrumental in delivering results. Coupled with the trinity of the refreshed in-store experience, new fashionable range of products and an affordable price point Khadim continues to win consumer’s hearts and is on its way to becoming the first-choice footwear brand for the family.

Commenting on the Company’s results Ms. Namrata A Chotrani, CEO, Khadim India Ltd. said, “The first festive season without the long shadow of the pandemic saw buoyant consumers with a propensity to spend higher than average. This has stimulated business growth and helped us record a healthy number this quarter. Our premium product portfolio with affordable pricing has received significant consumer response,we will continue to build on the same which will appeal to our target audience.We are continuing the expansion of our retail stores that enable us to penetrate in our target markets to equip people with affordable fashion footwear and continue our growth momentum. We hope to become the first-choice footwear brand for the family and continue delighting our consumers with the WOW experience. ”

The homegrown Company continues its expansion in the Tier II & III locations through its asset-light strategy taking the store tally to 826till the end of the second quarter.

NNDC Sweeps Prci Excellence Awards 2022

Hyderabad 14th November 2022: NMDC bagged the Champion of Champions Award, sweeping the 16th PRCI Global CommunicationConclave 2022, to bring home fourteenCorporate Communication Excellence Awards. The awards were presented at the GlobalCommunication Conclave organised by Public Relations Council of India (PRCI) in Kolkata.

NMDC won Gold awards for Most Resilient Company of the Year; Internal Communication Campaign, Corporate Brochure; Best PSE Implementing CSR. It won Silver Awards in the categories of Best Use of CSR for Childcare; Corporate Community Impact; Best Corporate Event; Unique HR Initiatives; Annual Report; Arts, Culture & Sports Campaign and Bronze Awards for Visionary Leadership; Website of the Year; Innovative Environmental Program and Consolation Award for Best Use of Social Media.

Shri P Jaya Prakash, Head of Corporate Communication, NMDC thanked PRCI for encouraging innovation in communication techniques and recognizing the creative initiatives of NMDC. “Our brand voice and communication campaigns are rooted in our company’s core values and designed to resonate with our host communities and industry stakeholders.”

Congratulating NMDC’s Corporate Communication team, Chairman and Managing Director Shri SumitDeb said, “If NMDC today is a household name as a benchmark of excellence in the mining sector in India, it is only because of the exceptional articulation of our communication team in conveying what we achieve and stand for to internal and external stakeholders”

Spectrum Metro Sets Another Benchmark; Adds Spar Hypermarket, Bata, Aurelia To The Mall

Noida’s entertainment hotspot Spectrum@Metro recently announced its collaboration with the renowned Grocery shopping major, Spar Hypermarket owned by Landmark group, India’s leading business house, the last month. Spectrum Group is becoming popular among local residents and visitors alike that is redefining and revolutionizing the shopping experience for the residents. Spectrumn@Metro is working remarkably in offering unparalleled business prospects. It has got many national and global brands onboard catering to a catchment of approximately 8 lakh people.

Spar Hypermarket has acquired large retail space of approximately 35,000 sq. ft. on the lower ground floor of the commercial high street. The recent additions to Spectrum@Metro are popular brands like Bata, Aurelia, W, Oswal, Mochi, Dabur NewU, and HP. Located in proximity to the Aqua Line metro corridor, which originates from Noida and connects to many parts of Greater Noida, Spectrum Metro has become a commercial hub.

The colossal high-street commercial project has created a lot of buzz by bringing in some of the biggest names under its roof in a short span of time. A one-stop destination that is attracting people in large numbers in the swanky high street to shop, tickle their palette at the diverse and unique eateries and restaurants, and enjoy recreational activities

In the past months, Spectrum@Metro leased spaces to big international brands like Starbucks, Skechers, Jockey, and Dominos, and celebrated the success of Indian brands with the addition of Giani’s and Baggit to the high street.

Ajendra Vikram Singh, VP, Sales & Marketing Spectrum Metro, said, “We feel elated that Spectrum Metro has leased approx. 2.50 Lakh sq ft of spaces to popular brands like Spar Hypermarket, INOX, MAX, Reliance Trends, Reliance Digital, SMAAASH, Duty Free, Centre for sight, Flying Dutchman and many more. This will be a major stepping stone in consolidating our position in the highly competitive market. We look forward to have a mutually beneficial business relationship in future with these brands.”

Opening World-class Culinary Training Venue École Ducasse – Nai Lert Bangkok Studio

November 14th, 2022: Bringing world-class culinary and pastry arts classes to all who love cooking, Nai Lert Group introduces École Ducasse – Nai Lert Bangkok Studio to the Thai capital, opening on 14 December 2022. The new venue combining a training centre for enthusiasts and professionals alike, an exclusive event space as well as a café open to the public is set to be the hot-spot for World Gastronomy in the Thai Capital.

Driven by the vision and passion of École Ducasse Founder Chef Alain Ducasse, an established benchmark for culinary excellence since 1999, École Ducasse has revealed some of the most renowned talents on the world gastronomic scene.

Bangkok was deemed the ideal place for specialized training in the culinary and pastry arts and chosen for the first Studio outside Paris thanks to Thailand’s exceptional culinary heritage, which is carried by a pool of talented chefs on a continuous quest for perfection, as well as its many passionate aficionados.

“This is a significant milestone for Nai Lert Group as with École Ducasse – Nai Lert Bangkok Studio, we pursue our commitment to excellence, enrich culinary education, and bring a new holistic gastronomic experience to Thailand.” said Naphaporn “Lek” Bodiratnangkura, CEO of Nai Lert Group. “It will contribute to opening up new culinary landscapes in the Country.”

VISION AND ENERGY OF ÉCOLE DUCASSE FOUNDER ALAIN DUCASSE

Under the vision and energy of École Ducasse Founder world-renowned Chef Alain Ducasse, École Ducasse – Nai Lert Bangkok Studio is a venue for all those in love with gastronomy.

Alain Ducasse said, “I have always run on my vision of culinary and pastry arts. I share my know-how with all young people who have a craving for learning, enthusiasts, career-changers, and professionals alike willing to strengthen their skills, with a single motto in mind: excellence in practice. I am delighted to extend this vision to Thailand, one of the most vibrant culinary scenes.”

Alain Ducasse is one of the most renowned chefs of his generation. Hailing from the Landes region in the southwest of France, he is known for his innovation, attention to detail, and dedication to both quality and technique.

The Studio’s professional teams of Alain Ducasse chefs offer a unique mix of expertise, comprised of Meilleurs Ouvriers de France (Best Craftsmen of France), world champions, renowned chefs and pastry chefs, artisans, and hospitality experts together with Thai teams.

WORLD-CLASS FACILITIES

Nestled in the iconic century-old Nai Lert Park, with a prime location in the heart of Bangkok, École Ducasse – Nai Lert Bangkok Studio is the perfect venue for those in pursuit of understanding and making exceptional gastronomic experiences.

The purposed-built building spans over 1,400 sqm across three floors, with two of these floors dedicated to the school’s five kitchens and workshops, a chocolate and ice cream lab, a wine cellar, and an event room. Created with professionals and amateurs in mind, the Studio is contemporary, convivial, and inviting for all. The kitchens have been designed by the stellar team of École Ducasse to ensure the facilities, appliances, and layout are all state-of-the-art, meeting professional standards.

CLASSES FOR EVERYONE

École Ducasse – Nai Lert Bangkok Studio will share culinary and pastry arts know-how with culinary enthusiasts to professionals, offering practical and academic courses that jointly celebrate the heritage of French and Thai cuisine while echoing trends in contemporary gastronomy and the philosophy of its esteemed founder.

Taught in a modern, friendly space in Thai, English, and French, with easy-to-use professional equipment, every program is in tune with the times and tailored to different levels of learning. With a relatively small number of students per class, allowing for 1-1 attention from the highly talented training chef, this is an ideal environment to help students enhance their talent, cultivate their identity, and meet the high expectations of the industry as the vision of École Ducasse is to train Entrepreneurs, Managers, and Citizen chefs.

Informative and engaging, with everything explained as often as necessary, the students can truly benefit from the living expertise of their trainers, whether they choose a four-hour class on childhood desserts or mignardises, a class on brunch or bistro cuisine, or a highly immersive and practical full-time ten-week course on culinary essentials. There is something for everyone at every level, from choux chocolate to brownies, from rib steak and béarnaise sauce to sea bream meunière, from in-depth secrets of French cuisine classics to 3-star Alain Ducasse classics.

École Ducasse – Nai Lert Bangkok Studio will also train professional chefs who want to continue to reinforce their expertise on gastronomic themes such as “3 stars menu”, “Vegetarian cuisine”, or “Artistic pastry pieces”.

EXCEPTIONAL EVENTS

École Ducasse – Nai Lert Bangkok Studio’s exclusive event space is inviting and welcoming, with endless possibilities, as well as memorable gastronomic experiences. The expert, thoughtful team can create one-of-a-kind events using the Studio’s facilities, from seminars and team building to after-work parties, product launches, work meetings, and demonstrations, to film shoots and corporate dinners. Sharing time in the kitchen, or over good food and wine is always a good idea.

ÉCOLE DUCASSE BANGKOK CAFÉ

On the ground floor of this world-class school, overlooking lush Nai Lert Park is École Ducasse Bangkok Café. Serving French breakfast with daily delights such as quiche Lorraine and smoked salmon or sophisticated and innovative French pastries, gâteaux, chocolates, ice cream, and hot and cold crafted beverages created by the Executive Culinary and Pastry Chefs of École Ducasse. Enjoy a contemporary, intimate French café ambiance in the heart of Bangkok at any time of the day.

Open daily from 7 am to 6 pm

CONTACT INFORMATION

For more information and enrolment, please contact

LINE: @EcoleDucasseBKK

Email: ecoleducassebangkok@nailertgroup.com

Tel. +66(0)2-253-0123

Paytm Disburses 3.4 Million Loans, Total Merchant Subscription Devices Cross 5.1 Million in Oct, Vijay Shekhar Sharma Writes to Shareholders, Says Co is Building a Scalable and Profitable Financial Services Business

One97 Communications Limited (OCL) which owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced that in October it disbursed 3.4 million loans, with y-o-y growth of 161%. The value of total loans disbursed in October grew to ₹3,056 Cr ($407 million, y-o-y growth of 387%).

Paytm’s leadership in offline payments strengthened further with its total merchant subscription devices deployed increasing to 5.1 million. With its subscription-as-a-service model, the strong adoption of devices drives higher payment volumes, and subscription revenues, while increasing the funnel for merchant loan distribution.

Paytm had recently said in its earnings release, “Merchant subscriptions is an attractive profit pool for us, driving higher payment volumes, subscription revenues as well as merchant loan distribution.”

The company’s user engagement too was at its highest with its average monthly transacting users for October at 84 million, registering a growth of 33% y-o-y. This reflects the fact that more and more people are using the Paytm app.

The company’s founder and CEO Vijay Shekhar Sharma wrote a letter to shareholders as Paytm is close to one year of listing. Sharma further said that the company is aware of the expectations that Paytm carries, and they are on the path to profitability and free cash flows. “Our journey to build a scalable and profitable financial services business has just started,” he wrote.

Paytm in its recently announced Q2 FY23 financials had posted a 76% y-o-y growth in revenue to ₹1,914 crore. Meanwhile, the company’s losses were reduced by 11% on a sequential basis. The company’s contribution profit surged 224% y-o-y to Rs 843 crore. Talking about the company’s growth in the last quarter he wrote, “After our recent quarterly reports which showed strong operating leverage and reduction in EBITDA losses, we are now excited about the next year of our journey, as we get close to EBITDA profitability and free cash flow generation.”

Over the years, Paytm has become synonymous with mobile payments and is a pioneer for QR code-based payments. “In the past ten years, we have embedded our solutions to the last mile – digitising money and enabling small aspirational merchants, artisans, and solution providers to tap into the world of infinite possibilities,” he wrote.

Sharma further wrote that the payment revolution continues in India, with merchants and users enthusiastically adopting digital payment technology. The government incentives to UPI payments and merchants’ adoption of our devices and subscription product, is making payments increasingly monetizable and profitable for the company.

Talking about the company’s rapidly growing lending business which is now at an annualised run rate of ₹37,000 crores in the month of October, Sharma said, “In parallel, we are now scaling up lending distribution which can bring financial inclusion to hundreds of millions of people in our country. Due to the huge demand for lending in our country, our low penetration, and the compounding nature of our lending journey, we are extremely optimistic about the prospects of our lending business.”

For October, the total merchant GMV processed through Paytm aggregated to Rs 1.18 Lac Cr ($14 billion), marking a y-o-y growth of 42%, partly due to the festive season. “In our payments business, we continue to focus on profitable revenue and hence continue to optimize for profitable GMV,” said the company in the release.