Archive: November 18, 2022

Federal Bank partners with JCB India for Equipment Financing

18th November 2022, Mumbai: Federal Bank signed a Memorandum of Understanding (MOU) with JCB India, a leading manufacturer of Earthmoving and Construction equipment today. This arrangement will boost the financing options for JCB’s customers in India.

As per the arrangement, Federal Bank is the preferred finance partner of JCB, where JCB’s customers can avail loans from Federal Bank at competitive interest rates for purchasing a wide range of world-class equipment from the product line of JCB India Ltd.

Speaking at the Occasion of signing this MoU, Mr. Deepak Shetty, CEO and Managing Director of JCB India said: “We are delighted to have signed this memorandum of understanding with Federal Bank for the financing of JCB machines for our customers. With the Government’s focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Federal Bank. Importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban and rural India.”

JCB is committed to giving the best solutions for equipment financing to its customers. The teams will be working together to give innovative financing solution to its customers.

During the occasion, Mr. Shyam Srinivasan, Managing Director and CEO, Federal Bank said, “Today, we officially become the financing partner for JCB India. This partnership would prove to be hugely beneficial to a segment of customers who are looking for easy finance options to take their business forward. We are confident this association will help remove barriers between Bharat and Atmanirbhar Bharat.”

Paytm associates with India International Trade Fair 2022 as the Official Digital Payments Partner

• Paytm Insider is the official ticketing partner for online tickets
• Enables mobile payments at various stalls at the Trade Fair through Paytm QR Codes
• Offers a cashback of up to ₹100 on payments made at the Trade Fair using Paytm UPI
• IITF is organised by the Ministry of Commerce’s India Trade Promotion Organisation (ITPO)

One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, has collaborated with India International Trade Fair (IITF) 2022 as the official digital payments partner. Through this partnership, Paytm will enable IITF to be a digitally empowered payment zone.

To drive the adoption of digital payments, Paytm’s QR codes will be put up at every stall of the Trade Fair. This is to encourage offline merchants to use Paytm’s QR codes to accept payments digitally. At the various stalls of the Trade Fair, payments can be made through Paytm UPI, Paytm Wallet, net banking, credit cards and debit cards. The company is offering a cashback of up to ₹100 for payments made using Paytm UPI.

Paytm Insider is the official ticketing partner for all online tickets to IITF. Organized by the Ministry of Commerce’s India Trade Promotion Organisation (ITPO), the Trade Fair was inaugurated by Mr Piyush Goyal, Union Minister of Commerce and Industry and is being held from November 14-27 at Pragati Maidan in New Delhi.

Paytm Spokesperson said,” We strive to enable greater digital payment adoption in the country. From both business and consumer perspectives, IITF is one the largest integrated trade fairs and we are excited to be its official digital payments partner. Through this partnership, we are offering the flexibility of payments at various stalls of the Trade Fair, where transactions can be made through Paytm UPI, Paytm Wallet, and more.”

Around 2,500 domestic and foreign exhibitors from 12 countries will be participating in the 41st India International Trade Fair. The theme of the Trade Fair is ‘Vocal for Local, Local to Global’ wherein the focus will be to catalyse MSMEs as well as artisans and craft persons belonging to rural and semi-rural regions.

Cashfree Payments launches ‘UniFi’ at Bengaluru Tech Summit

Bengaluru, November 2022 : Dr Ashwath Narayan C N, Minister of Higher Education, IT and BT, Sci and Tech and Skill Development, Entrepreneurship and Livelihood, Former Dy CM, Government of Karnataka and Ms. Meena Nagaraj, Director Electronics, Information Technology and Biotechnology, Govt of Karnataka, launched ‘UniFi’, a first of its kind, revolutionary product offering by Cashfree Payments at the Bengaluru Tech Summit. UniFi, which comes with bank-grade security, is an innovative, single platform, where businesses can undertake their banking operations across banks and track their financial business transactions.

Upsilon’s “Own Your Story” launch campaign features actor Gagan Arora

Ahmedabad, 18th November 2022: While the market is flooded with homegrown D2C brands, Upsilon manages to stand out with its launch campaign, Own Your Story, starring the internet sensation Gagan Arora. This campaign encourages men to be their confident self and embrace their journey.

The campaign consists of Digital Video Commercials (DVCs) starring actor Gagan Arora playing the lead role. In one of the DVCs, actor Gagan Arora gets ready for sports wearing the Upsilon perfume; in another, he is confident of meeting his date on a bike after wearing Upsilon, and in the last one, he gains the confidence to dance with his boss at the party.

Credit goes to the integrated communications agency Zero Gravity Communications for end-to-end campaign management from conceptualization to execution.

Neeraj Bhensdadia, Co-Founder,  of Upsilon, said: “The ‘Own Your Story’ campaign aims to connect with men from all age groups, each with unique personality traits. It encourages them to be open-minded in bagging the limelight. Its innovative storyline is bound to strike a chord among our millennial audience. Seeking inspiration from a Greek Alphabet, transliterated as ‘U’, we at Upsilon strive to showcase that the path ahead for everybody is two-way. It is an opportunity for them to take the path that will bring out their best. While they do so, our handcrafted elixirs let them cite their story with confidence and charm.”

“When Neeraj and his team approached us, their mandate was clear- to come up with distinct positioning for the perfume that resonates with the millennial audience. We didn’t want to use attraction from the opposite gender as a means to get attention for Upsilon, hence this approach” said Khushboo Solanki Sharma, Founder, of Zero Gravity Communications.

The campaign launches Upsilon’s three premium fragrances – Wild Blue, Golden Sand, and Shooting Star for men. These perfumes are curated specially for everyday events, sportswear, and party wear, respectively. The DVCs have been conceptualized keeping these occasions in mind. The three unique fragrances are available on Upsilon’s official website and e-commerce platforms, including Amazon and Flipkart.

Founded in the year 2022, Upsilon is the brainchild of three founders- Ravi Dadhaniya, Neeraj Bhensdadia, and Vatsal Vachhani. It was born out of the vision to disrupt the luxury fragrance market in India. During their stay abroad, co-founders Neeraj and Vatsal used to send gifts to Ravi including luxury perfumes. At the same time, limited access to luxury perfumes in India baffled Ravi. After extensive research, Ravi realized that more than 50% of luxury perfumes were unavailable in India, and the remaining were too expensive. He discussed his entrepreneurial idea to explore possibilities in the perfumery market with Neeraj and Vatsal, and Upsilon was born.

With their vision to be recognized as a leading Made-In-India Perfume Brand that offers premium fragrances reflecting the unique character of every individual and catering to every occasion, the trio is all set to disrupt the Indian perfumery market with Upsilon.

Governor Mangubhai Patel Inaugurates Vishwarang 2022; Papon Wins Bhopal’s Heart

Bhopal:  November 2022: The much-anticipated and awaited Tagore International Art and Literature Festival, ‘Vishwarang 2022,’ has finally begun today. A glorious World Peace and Harmony Walk inaugurated the festival at Kushabhau International Convention Center (Minto Hall). Madhya Pradesh Governor Mangubhai Patel graced the fourth edition of Vishwarang as the Chief Guest. Meanwhile, Minister of State in the Ministry of Education of India Subhas Sarkar shared the dais with the Governor. The program was commenced by lighting the lamp to Guru Rabindra Nath Tagore’s famous song ‘Ekla Chalo Re’, written in 1905. Vice Chancellor of the University and Director General of Vishwarang, Siddharth Chaturvedi, and Director of Vishwarang, Aditi Vats, were also present. Today the Art and Literature Festival of Madhya Pradesh has become a world-renowned platform with 26 countries on board. After the pandemic, Vishwarang – 4th Chapter is taking place on a wide scale.

While applauding Vishwarang, His Excellency the Governor said, “Such festivals allow the future young generation to get the basic knowledge of art, culture, and literature. It helps in building a prosperous India. It is a unique confluence of languages, arts, and culture.” He further said such programs inspire youth to work for family, society, and country.

Congratulating Vishwarang for including the tribals, the Governor said that the secret of eco-friendly life is hidden in the oral traditions of the tribal community. Vishwarang director Santosh Choubey urged to have global discussions, focusing on Hindi and Indian languages. Meanwhile, Pallavi Chaturvedi gave detailed information about the Children’s Festival starting from the second day of Vishwarang.

Siddharth Chaturvedi encapsulated various aspects of Vishwarang. At the same time, Aditi Chaturvedi read the Prime Minister’s letter dedicated to the festival.

The Literature Festival Starts With Sadbhav Yatra

A unique World Peace and Harmony Walk initiated the much-anticipated festival at Kushabhau Thackeray International Convention Center (Minto Hall). The World Peace and Harmony Walk saw the participation of many art lovers, artists, and litterateurs. Apart from them, various artists across the world also walked the parade. On this occasion, ‘The Kristeni Group’ of Assam presented a mesmerizing Bihu Dance, leaving the audience in complete awe. Further, the parade inaugurated the ‘Exhibition of Sage Scientists of India’.

The Grand Launch Of Book Exhibition

The book exhibition was inaugurated on the evening of 17 November 2022 at the Kushabhau Thackeray International Convention Center premises as part of Vishwarang 2022. Vishwarang Director Mr. Santosh Choubey, Gyanpeeth awardee Pratibha Rai and other dignitaries were present at the ceremony. On this occasion, guests unveiled the AISECT Group’s magazines Vishwarang Samvad, Vanmali Katha, Rang Samvad, Electronics for you, Vishwarang 2020-21 Coffee Table Book, and other magazines.

A. Ramachandran Monograph Launch

On the occasion of the Tagore National Painting Exhibition, Director of Vishwarang and Vice Chancellor of Rabindranath Tagore University Santosh Choubey, author of the monograph, and prominent art critics Vinod Bhardwaj, Leeladhar Mandloi, Jai Kishan, and Ashok Bhowmik launched the A. Ramachandran’s first monograph in the Hindi language.

Santosh Choubey said, “At the time of the pandemic, when art was taking a backseat, we decided to prepare a monograph on the living painter of India. Under which the first series features four monographs. Today we have launched the first monograph.”

Ustad Yakub Ali Khan Stuns With His Shehnai

Ustad Yakub Ali Khan from Sagar, Madhya Pradesh, performed famous songs like Mohe Rang Do Lal and Yaad Piya Ki Aane Lagi on his Shehnai at Vishwarang. Yakub left the audience mesmerized by his work.

National Painting Exhibition Inauguration

“Indian culture is art oriented. Painting can fill new colors in life. The most popular form of artwork is painting. A painter tries to highlight every aspect of society through his painting. One cannot ignore its role in the development of life,” said Santosh Choubey, Chancellor of Rabindra Nath Tagore University, while the inauguration of the National Painting Exhibition. He further said that Rabindra Nath Tagore University is putting efforts to give impetus to various arts through Vishwarang, including painting. Painters from different states across the country participated in the exhibition. Vice Chancellor Santosh Choubey, Coordinator of Vishwarang Lilidhar Mandloi, and Siddharth Chaturvedi honored West Bengal’s Sarabjit Maity, Rohtak Haryana’s Jyoti Berwal, Jalgaon Maharashtra’s Charandas Jadav, Mumbai’s Laxman Chauhan and Chandigarh’s Bhanu Srivastava by gifting them Vishwarang Momento.

Papon Makes Bhopal Dance On His Tunes

The most sought-after singer and composer, Papon, gave an exciting performance at Vishwarang. The singer started with Rabindranath Tagore’s beautiful song ‘Ekla Chalo Re. ‘Moh Moh Ke Dhage,’ ‘Kaun Mera,’ ‘Prem’s Theme,’ ‘Tu Jo Mila,’ and more soothing compositions were a part of his compelling concert. The audience certainly couldn’t get more of the star singer.

More About Today’s Program

Vishwarang Day 2 will have the best of both intellectual and cultural sessions. The Tribal Literature and Art Festival will also commence. On the other hand, the second evening of Vishwarang will host a Mushaira.

Vijya Fintech Raises Usd 1 Million in Its Angel Round Led by Multiple Large Strategic Investors

India-wide release, 18th Nov 2022: Surat-based Vijya Fintech Pvt Ltd, which owns Mercury (one of India’s finest cloud-based full-stack fully integrated multi-asset execution and reporting wealth management platforms), announced today that it has raised USD 1 million in its Angel Round. This round of investment, led by multiple large strategic investors, saw participation from BP Wealth, Narola Infotech Solutions LLP, Sagar Investments, GK Globas and other large strategic investors, making it amongst one of the largest fundraises in recent times in B2B Wealth Management for providing software and platform business.

Mercury was conceived with a broad vision of transforming the current framework of disconnected systems and software in the financial industry used by stock brokers, portfolio managers, distributors and advisors into a connected system. This was visualized to be done via a super-platform that can, in turn, give a holistic view of one’s investments and portfolios. It is India’s 1st Wealth Management Platform with a fully-integrated Mutual Funds and broking ecosystem, online fixed income execution, PMS/AIF digital onboarding as well as India’s 1st B2B2C marketplace, integration with Insurance POS, and a game-changing Account Aggregator.

Mercury will use this new influx of capital towards its mission to make state-of-art “open architecture-based technology driving the multi-asset wealth management platform” affordable for all financial intermediaries

While talking about the success of this investment round, Aakash Bansal – Co-founder & CEO -of Vijya Fintech Pvt Ltd, said, “In these extraordinary times, we are confident of the growth ahead of the entire financial ecosystem and all financial intermediaries led by technology. The Angel Round was well-timed with our beta launch of Mercury, and it strengthens our efforts in technology and operations in our endeavor to connect the disconnected financial ecosystem. And we are deeply grateful to all our strategic investors who have shown tremendous confidence, faith, and trust in our vision and mission for building Mercury.”

Hardik Doshi – a New Board Member – of Vijya Fintech Pvt Ltd, further added, “We are firm believers and investors in the Indian growth story. With rapid economic growth and increasing financial literacy among the masses, we foresee a large increase in the number of active investors in India across asset classes. The Mercury – Distribution Operating System is perfectly placed to harness this trend while simplifying operations for investors and financial advisors through their B2B2C SaaS model. Its growth potential is limitless since it is powered by a highly experienced and efficient management team. I will closely monitor and aid the rise of Mercury with a seat on the board of directors.”

Yuvraj A. Thakker – Managing Director – of BP Wealth, said, “Mercury is an answer to a real problem of the industry. There is no unified platform for multi-asset class distribution. And there are even fewer platforms with this kind of sophistication and client-first approach that Mercury brings to the table. The management team understands that they are a multi-sided platform offering a B2B2C SaaS. It is this level of insight, understanding and unwavering commitment to quality that convinced us to participate in this round.”

Ashish Narola – Chief Executive Officer – of Narola Infotech Solutions LLP, mentioned, “We are glad to be a part of Mercury – Wealth Management SaaS Platform for Financial Intermediaries. The vision of the founders, as well as their strong background in the domain, convinced us to be strategic partners for this great product. Mercury will surely help Financial Intermediaries to exponentially grow wealth for their investors with plenty of insights, visibility and transparency of multi-asset investment for financial intermediaries as well as their clients.”

Pihas Parikh – Founder – Sagar Investments, added, “Mercury is a need of the hour. The multi-asset platform with all regulatory frameworks and advanced CRM is what today’s financial products distributors, insurance consultants, brokers, and advisors require the most. Logging all transaction trails on the cloud forever is amazing, though. With more than 20 years of domain expertise, I believe they can materialize things very fast. The whole team is ready. It’s my pleasure to be part of their journey.”

Furthermore, there are approximately 94.8 million Demat accounts and around 34.9 million mutual fund investors currently in India. This growth story has definitely unlocked great potential for Mercury, which is constantly bridging the gaps in the disconnected financial ecosystem.

Intech Additive Solutions Collaborates With UIT dresden to Develop and Optimize New Materials for Metal 3d Printing Using AMOptomet

November 18, 2022, Bangalore, India– Intech Additive Solutions, a leading global player in Additive Manufacturing has collaborated with Umwelt- und Ingenieurtechnik GmbH Dresden (UIT-Dresden), a subsidiary of General Atomics Europe / General Atomics (USA), to develop and optimize new materials for Metal 3D Printing using AMOptoMet Ultimate version 2.0 – Intech’s flagship Parameter Optimization Software for Metal LPBF Systems.

“AMOptoMet is a parameter optimization software that provides the right process parameters to achieve the better surface finish and desirable mechanical properties in metal 3D printed parts. The software helps in printing parts “Right First time” and reduces the time taken for the Design of Experiments (DOE) when developing parameters to print new materials. UIT-Dresden’s use of AMOptoMet in their research projects further validates the software and gives us invaluable feedback to incorporate features to address new and emerging applications and materials in metal 3D printing. We look forward to our collaboration with UIT-Dresden.” says Mr. Sridhar Balaram, CEO & Founder of Intech Additive Solutions.

“Intech’s AMOptoMet has been of great help in our R&D activities. Our initial studies indicate that the software can be used by UIT-Dresden as a reference against UIT-Dresden’s theoretical studies and simulation efforts coupled with the test data obtained from experiments on DMG MORI 3D printers at UIT’s affiliates within the General Atomics group of companies. UIT’s research efforts will contribute to the further validation of the AMOptoMet software for specific applications and materials, like superalloys and nano-functionalized alloy powders for advanced AM processing, and provide useful feedback based on our experience of using the software.” says Dr. Horst Maerten, Director for Science and Technology at UIT-Dresden.

Intech and UIT-Dresden will be working together in mutually beneficial ways. The research and development being at UIT-Dresden in advanced materials and material characterization for use in Metal 3D Printing, along with fundamental Multiphysics simulations of the Metal 3D Printing process – complements the parameter prediction and optimization capabilities of the AMOptoMet software. Specific projects for deeper collaboration will be identified with definite objectives – to benefit both UIT-Dresden’s research programs and the development and validation of Intech’s AMOptoMet software.