Archive: December 17, 2022

Corteva Agriscience® launches Novixid™ herbicide to manage weeds in rice fields

Bangalore, India – December 2022 – Corteva Agriscience®, a global pure-play agriculture company, today launched its Novixid™ herbicide to manage weeds in rice fields. The product’s fast-acting formula ensures healthy crops and better yield by minimizing crop weed competition resulting in increased productivity and farmer profitability.

Rice growers face many challenges, and weeds present a significant challenge as they compete for the same nutrition and resources young rice plants need. The Novixid™ rice herbicide’s unique combination of Rinskor® active has proven very beneficial in weed management. The product effectively controls weeds that are tolerant to ALS(Acetolactate synthase), ACCase( Acetyl- coenzyme A carboxylase), and HPPD( Hydroxyphenylpyruvate dioxygenase) HPPD inhibitor herbicides as well. It also has a favorable toxicology and ecotoxicology profile which benefits soil health and the environment. This makes Novixid™ a distinctive product that performs across variable conditions and water management environments effectively.

Commenting on the company’s commitment to bringing sustainable and innovative agricultural products to India, Mr. Ravinder Balain, President – South Asia, Corteva Agriscience® said, “farmers are looking for modern solutions to address their challenges and improve productivity. Corteva® strives to bring the most innovative and sustainable product solutions to the market. With the introduction of Novixid™, farmers will be able to effectively overcome the weeds that impede crop productivity. The product’s positive toxicology profile also makes it ideal to retain soil health and enable healthier crop cycles.

Speaking about the challenges in weed management, Dr. V K Choudhary, a renowned scientist in the field of weed science said, “herbicide resistance is one of the biggest issues faced by Indian farmers who grow rice. Herbicides with a single mode of action contribute to resistance development, giving rise to the increase in weeds on the crops. However, the use of herbicides with alternate modes of action can manage the resistance issue faced by many. Rinskor® active is one the molecules that may deter resistance development and help with weed management in the current scenario.”

Corteva Agriscience® is committed to helping farmers adopt sustainable and holistic agronomic practices. Corteva® believes in enriching the lives of farmers ensuring progress for generations to come. With innovation at its core, Corteva creates solutions that deliver high-quality yields and long-term sustainability for farmers’ prosperity.

Senco Gold & Diamonds an expansion mode, launches two new showrooms in Mumbai

Mumbai, December  2022: Senco Gold & Diamonds, the largest organized jewelry retailer in Eastern India (based on the number of stores) announced the expansion of its footprint in Maharashtra with the launch of two new showrooms, located in Borivali West and Vashi. The new showroom located at Borivali West is spread across 2700 sqft. showcasing a wide range of elegantly designed jewelry collections and the new Senco Gold and Diamonds D’Signia showroom located at Vashi, Navi Mumbai is spread across 2400 sqft. With this expansion, Senco Gold & Diamonds’ national footprint has increased to 130 plus showrooms across 13 states.

Bollywood Actress and Brand Ambassador Vidya Balan graced the occasion at the launch of both new showrooms at Borivali West & Vashi.

Expressing his views on the launch of the new showrooms in Mumbai, Mr. Suvankar Sen, MD & CEO, of Senco Gold & Diamonds said, “As part of our expansion strategy and becoming a future ready company, our endeavor has always been to cater to our customer’s needs and preferences. Accordingly, we have opened our regular Senco Gold & Diamonds showroom in Borivali while the one at Vashi is a Senco Gold and Diamonds D’Signia showroom. With the launch of our two new company-owned showrooms today, our presence in Maharashtra has now increased to six showrooms. We are grateful to Vidya Balan for having graced this occasion in our journey to becoming a truly pan-India brand.”

Commenting on the occasion, Ms. Joita Sen, Director, of Senco Gold & Diamonds said, “Our focus on design and innovation, ability to recognize consumer preferences and market trends, the intricacy of our designs, and the quality and finish of our products are among our key strengths. The new showrooms at Borivali and Vashi will offer exquisite collections of elegantly designed premium jewelry for our customers in the Maximum City, Mumbai.”

Ms. Vidya Balan, a Noted Bollywood Actress & Brand Ambassador, said, “My association with Senco Gold & Diamonds goes back a long way. Senco Gold & Diamonds is renowned for its exquisite karigari and fine jewelry collection, and it is a pleasure to be present today to inaugurate its showrooms in my home city”

Mr. Dhaval Raja, CGM, Senco Gold & Diamonds said, “We welcome Mumbaikars to visit our Senco Showrooms and luxuriate in the customer experience along with our extensive range of jewelry which is contemporary as well as traditional. Senco Gold and Diamonds as a brand enjoys the trust and support of our customers which is why we are now branching out with our new stores in Borivali and Vashi.”

To celebrate the grand opening of the new showrooms, the brand is offering a host of offers – up to 25% off on making charges of Gold Jewellery; for Diamond Jewellery, up to 10% off on diamond value and 50% off on its making charges + a special gift (Diamond pendant ) whereas offering for Platinum Jewellery includes, up to 20% off on its making charges.

SENCO GOLD LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offer of its Equity Shares and has filed the draft red herring prospectus dated April 14, 2022 (“DRHP”) with Securities and Exchange Board of India on April 15, 2022. The DRHP shall be available on the website of SEBI at www.sebi.gov.in, the websites of the Stock Exchanges i.e., BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and the websites of the BRLMs, i.e., IIFL Securities Limited, Ambit Private Limited and SBI Capital Markets Limited at www.iiflcap.com, www.ambit.co and www.sbicaps.com, respectively. Potential Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 30 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in ‘offshore transactions’ as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made. There will be no public offering of Equity Shares in the United States.
Pic Credit: Adfactors PR

Home building retailer IBO further expands their footprint in South India, forays into Hyderabad

Hyderabad,  December 2022: IBO, India’s leading Omni-channel destination for home building and renovation retail, has expanded its footprint in South India, through its foray into Telangana with the launch of its first store in Hyderabad. The expansion is aligned with the brand’s commitment to extend the omni-channel experience in home building retail and home innovation to customers, at value price points.

Through this 15000 sq. ft. store, IBO will offer 4000 products from over 200 brands under “one roof at wholesale prices” to a cohort of homeowners, home building professionals, interior decorators, architects, and builders for their home building and home improvement requirements. Unlike organized retail, where prices are often opaque, all prices at IBO are displayed on the shelf and available via the app. These prices will also be the most competitive prices that customers can get in the market. The store is located in Secundrabad’s urban neighborhood of Ranigunj, only 5-6 km away from the popular Banjara Hills.

Speaking at the launch of the store in Hyderabad, Mr. Venkateshwar Kumar, CEO – Of retail, IBO said, “We are pleased to announce IBO’s entry into Hyderabad. With the city establishing itself as a global hub for IT, ITeS, and manufacturing firms, there is a new wave of new aspiring homeowners in the city. The real estate sentiment in the city is growing stronger year after year and this has led to an increase in demand for home construction, home improvement, and home interior products. With our new store, we aim to bring the omnichannel low-price experience to customers who are looking for smart home building and renovation solutions.

Elaborating on IBO’s omnichannel experience, Mr. Mayank Shivam, CEO – Of eCommerce, IBO said, “Today customers are more digitally oriented and use online platforms not just for their basic needs but even for more enhanced requirements. To create this experience for the customers, we have been investing extensively to augment our eCommerce platform, enabling customers to shop within the comfort of their homes.”

Equitas Small Finance Bank signs MoU with Controller General of Defence accounts, Ministry of Defence for being the SPARSH service centre

17 December 2022: Equitas Small Finance Bank Limited, one of the leading SFBs, recently signed a Memorandum of Understanding (MoU) with the Controller General of Defence accounts, Ministry of Defence, Government of India. The MoU will allow Equitas to be a SPARSH (System for Pension Administration (Raksha) service centre to provide data verification for pensioners.

Defence pensioners and their families can avail a few services for the pension account from branches PAN India. Some of the key services include, annual issuing of life certificate (digital or manual), change of bank details for pension account, information of pensioners and the accounts. We also offer the best of interest rates for senior citizens along with the host of other value-added services like insurance benefits (IHO) and attractive reward points program. The defence personnel can walk in and raise service requests without being charged for the same. This makes Equitas the first small finance bank inducted by the government for the SPARSH programme.

Elated on signing the MoU, Murali Vaidyanathan, Senior President and Country Head, Equitas Small Finance Bank, said- “It gives us immense pleasure that Equitas will now be serving the people who served the nation at the forefront. Our ethos of beyond banking and growing together with society are moving a step ahead with this MoU. We thank the Ministry of Defence to give Equitas the opportunity for the SPARSH programme.” In addition to the strong foundation, financials and growth of the bank over the number of years, the social initiatives of Equitas Small Finance Bank created a major impact on the defence department during decision-making.

Shri. Sham Dev, IDAS, Controller, O/o PCDA (Pensions), Prayagraj, Ministry of Defence, Government of India and Shri. Vasudevan Govindarajulu, National Head-Government Business, exchanged the agreement in the presence of Shri. Giridhar Aramane, IAS, Defence Secretary, Government of India and Smt. Rasika Chaube, Financial Advisor (Defence Services). The Ministry of Defence also signed the MoU with five other banks viz. Indian Postal Payment Bank, Union Bank of India, Axis Bank Ltd., ICICI Bank Ltd. and Bandhan Bank.

Pic Source: Adfactors PR

Textile emerges as a prominent sector for generating new employment opportunities in the State

Jaipur,17 December 2022: The ‘Invest Rajasthan Summit’ organized by the Government of Rajasthan in the month of October in Jaipur on the theme “Committed: Delivered” is going to achieve a new milestone of success. A total of 4,192 MoUs and LOIs were received during the Investors Meet held in Delhi, Mumbai, Chennai, Kolkata, Hyderabad, Bangalore, Ahmedabad, and Jaipur, apart from Dubai, out of which more than 46 percent projects (total 1884 projects) are implemented or are under implementation. It is expected that the number of project implementations is likely to increase further in the upcoming few months.

Textile emerges as a prominent sector for generating new employment opportunities in the State

In terms of employment, the textile sector has emerged as an emerging sector. The Textile industry is expected to generate employment for around 38,900 people with an investment of approx Rs 8,003 crore. The Agro and food processing sector is on second place in employment generation. About 38,097 people will get employment in this sector with an investment of approx Rs 4,403 crore. The energy sector ranks third in employment generation. Likewise, Mines and Minerals, Cement, Tourism, Medical, Health, etc. are other emerging sectors from the view of investment and bringing in new employment opportunities for the people of the state.

Chemical and petroleum sector became the second major sector after energy in terms of investment

The implementation of the industrial projects will not only provide employment to about 2,59,590 people in the state but will also pave the way for the investment of more than Rs.2,06,067 crore. If we talk about the major industrial sectors in terms of investment, about 36,001 jobs will be generated with an investment of around 1,12,233 crores in the energy sector. From the investment point of view, after energy, the chemical and petroleum sector has emerged as the second major sector. The implementation of the industrial projects in the sector will not only provide employment to as many as 27,936 people in the state but will also pave the way for investment of more than Rs. 35,450 crores. Similarly, about 3,661 people are likely to get employment with an investment of about Rs 11,424 crore in the petroleum and gas sector.

According to Industries and Commerce Minister Smt. Shakuntala Rawat, “for the economic development of the state a large number of investors have shown their faith as per the vision of the Hon’ble Chief Minister of Rajasthan, Shri Ashok Gehlot. A large pool of human resources, rapid infrastructure development, strong market access, India’s largest industrial land bank, and attractive investment incentives are attracting investors. In addition, RIICO has developed more than 390 industrial areas and 120 industrial areas are in the pipeline. Recently many new policies have also been launched or previously launched policies have been re-launched after making amendments according to the changing investment environment. Rajasthan Investment Promotion Scheme (RIPS-2022), Handicraft Policy, MSME Policy, Startup Policy, Electric Vehicle Policy, Film Tourism Promotion Policy, etc. are some of the prominent policies launched this year.”

According to Additional Chief Secretary Industries, Government of Rajasthan,  Smt. Veenu Gupta: We are closely working with the investors to help them to ground their proposals.  Furthermore, with the aim of promoting investment in the State by emphasizing on building sustainable partnerships with foreign and domestic investors, the State Government has ensured timely approval of investment proposals of more than Rs 10 crore, a world-class facility like One Stop Shop has been created for this. We are confident that it will not only create a positive atmosphere in the state from the investment view, but Rajasthan will also set a new benchmark in terms of attracting investment and employment generation.

It is worth mentioning that in the state, Rajasthan Solar Energy Policy (2019), Rajasthan Wind and Hybrid Energy Policy (2019), Rajasthan Agro-Processing, Agro Business, and Agri Export Promotion Policy (2019), Rajasthan MSME Act (Facilitation of Establishment and Operation) 2019, Rajasthan Tourism Policy (2020) and other policies provide support to various sectors. Similarly, the Rajasthan Investment Promotion Scheme (RIPS-2022) in the state helps investors in starting new businesses and expanding existing businesses in Rajasthan.

Pic source: Adfactors PR

Senco Gold & Diamonds on an expansion mode, launches two new showrooms in Mumbai

Mumbai, December 17, 2022: Senco Gold & Diamonds, the largest organized jewellery retailer in Eastern India (based on the number of stores) announced the expansion of its footprint in Maharashtra with the launch of two new showrooms, located in Borivali West and Vashi.  The new showroom located at Borivali West is spread across 2700 sqft. showcasing a wide range of elegantly designed jewellery collection and the new Senco Gold and Diamonds D’Signia showroom located at Vashi, Navi Mumbai is spread across 2400 sqft. With this expansion, Senco Gold & Diamonds’ national footprint has increased to 130 plus showrooms across 13 states.

Bollywood Actress and Brand Ambassador Vidya Balan graced the occasion at the launch of both new showrooms at Borivali West & Vashi.

Expressing his views on the launch of the new showrooms in Mumbai, Mr Suvankar Sen, MD & CEO, of Senco Gold & Diamonds said, “As part of our expansion strategy and becoming a future ready company, our endeavor has always been to cater to our customers’ needs and preferences. Accordingly we have opened our regular Senco Gold & Diamonds showroom in Borivali while the one at Vashi is a Senco Gold and Diamonds D’Signia showroom. With the launch of our two new company owned showrooms today, our presence in Maharashtra has now increased to six showrooms. We are grateful to Vidya Balan for having graced this occasion in our journey to becoming a truly pan-India brand.”   

Commenting on the occasion, Ms. Joita Sen, Director, Senco Gold & Diamonds said, “Our focus on design and innovation, ability to recognize consumer preferences and market trends, the intricacy of our designs and the quality and finish of our products are among our key strengths. The new showrooms at Borivali and Vashi will offer exquisite collections of elegantly designed premium jewellery for our customers in the Maximum City, Mumbai.” 

Ms. Vidya Balan, Noted Bollywood Actress & Brand Ambassador, said, “My association with Senco Gold & Diamonds goes back a long way. Senco Gold & Diamonds is renowned for its exquisite karigari and fine jewellery collection, and it is a pleasure to be present today to inaugurate its showrooms in my home city” 

Mr. Dhaval Raja, CGM, Senco Gold & Diamonds said, “We welcome Mumbaikars to visit our Senco Showrooms and luxuriate in the customer-experience along with our extensive range of jewellery which are contemporary as well as traditional. Senco Gold and Diamonds as a brand enjoys the trust and support of our customers which is why we are now branching out with our new stores in Borivali and Vashi.”

To celebrate the grand opening of the new showrooms, the brand is offering a host of offers – up to 25% off on making charges of Gold Jewellery; for Diamond Jewellery, up to 10% off on diamond value and 50% off on its making charges + a special gift (Diamond pendant worth Rs.9000/-) whereas offering for Platinum Jewellery includes, up to 20% off on its making charges.

Pic source: Adfactors PR

India Week 2023: Reimagining India-uk Futures Together After Fta Deal

New Delhi, 17 December 2022: As the UK and India reach the closing stages of agreeing on a bilateral Free Trade Agreement, global advisory firm EPG is hosting its annual get-together of change-makers, policy and business leaders for high-level discussions on pertinent topics, called “India Week 2023”.

EPG’s India Week seeks to celebrate these trends, across several special events on 7-12 May 2023 in Leicestershire, Oxford, and London.

A Free Trade Agreement between India and the UK is expected to enhance economic growth and prosperity by increasing import and export flows; increasing investment flows (both outward and inward); enhancing productivity through a more efficient allocation of resources, and greater openness to international competition.

The India Week 2023 event will start with an exclusive CEOs’ Golf Weekend on 7-8 May, moving to the University of Oxford for an education leaders’ conference and Awards on 9 May attended by more than 40 leading educational institutions from India, in partnership with WBR.

Thereafter, there will be the flagship Ideas for India conference in London on 11-12 May, including dinner at the Houses of Parliament and a special dinner to celebrate UK-India ties. This conference will be in partnership with the leading think tank Bridge India.

Lord Tariq Ahmad, Minister of State at the FCDO, said the event “provides an excellent opportunity to celebrate the deep friendship between our two countries, and also look to the future. It is this trusted partnership that extends to trade as well.”

Angela Rayner, Deputy Leader of the Labour Party, said: “It was an honour to speak at the conference, further saying “The people of the Indian diaspora strengthen our economy, culture and society – but are also at the heart of our communities.”

Pratik Dattani, Managing Director of EPG, said: “India’s economic growth rate is the highest amongst major economies today, as China struggles with a bloated infrastructure sector, local government bad debts, a zero-Covid policy and an ageing population. India’s inflation rate is lower than that of the UK, US and other major economies. As the Western world diversifies its supply chains and geopolitical dependencies away from China, India stands to benefit.”

“This week-long celebration represents a window into India truly going global. We expect more than 100 participants from India, as well as more than 600 attendees throughout the week.”

Meanwhile, when Mr Rishi Sunak became the British Prime Minister recently, as the first ethnic minority to hold the office, it cemented a special relationship between the two counties. The Financial Times recently said this would be “India’s coming decade of outperformance” and The Economist said “This is India’s moment.”

Also, Sunak’s appointment as the Prime Minister of the UK may help smooth irritants in the proposed India-UK trade pact.

The last edition of the event saw attendance from the two major political parties in the UK, as well as seven political parties from India including participation from Dr. Ashwath Narayan (Minister for Higher Education, IT, BT, Skill Development and Livelihood, Karnataka) and Tejashwi Yadav (Deputy Chief Minister, Bihar).

Pic source: PR MANTRA

1Point1 ropes in Intellicus Flow for its workforce management (WFM) solution

India, December 2022: Intellicus, India’s leading homegrown data analytics and BI company, today announced the acquisition of a new client, 1Point1 Solutions. A publicly listed business process management company, 1Point1 Solutions Ltd offers technology, finance and analytical solutions to simplify and help businesses build better capabilities for achieving seamless growth. After careful consideration, 1Point1 Solutions affirmed its selection of Intellicus Technologies’ Flow as its WorkForce Management (WFM) solution in order to provide our clientele with intelligent solutions that maximises efficiency, team work and productivity to create better outcomes for all.

Intellicus Flow’s seamless WFM lifecycle management maximizes efficiency in business and resource management for BPOs. Flow delivers robust WFM solutions across 9 yards of WFM planning and extensively helps its customers to enhance cost efficiencies, eliminate leakages and optimize workforce management. Armed with Flow, BPMs can elevate customer experiences by matching the right agent for every customer interaction while simultaneously maximizing profitability. Flow’s AutoML capabilities and contemporary machine learning models enable WFM users to exploit Machine Learning to its best potential for forecasting and capacity planning. Using what-if analysis, Flow helps WFM teams in scenario-based shift planning for balancing SLAs and optimal staffing.  Flow also automates intelligent rostering with support for dynamic business rules.

Mr Vikas Wahee, Head of Solutions – BPM & ITES, Intellicus Technologies, stated, “Over the years, the demand for Flexible WFM solutions has skyrocketed. We are happy that 1Point1 Solutions has trusted Intellicus for its workforce management.  We have designed the WFM solution to meet the specific requirements of 1Point1 Solutions.  The greatest and quickest benefit will be an improvement in productivity, since numerous time-wasting tasks will be minimized or eliminated. Automation will reduce errors, improve safety, and increase production consistency.”

“1Point1 chose Intellicus Flow to fuel its growth ambitions. As the challenger of legacy thinking, we needed a modern, scalable solution that brought the latest in ‘WFM as a Service’. We picked Intellicus Flow since it can deliver the speed, power, and agility we need. Initially, we are implementing this for two businesses but will look at expanding it to twelve businesses as an end-state implementation”, said Mr Samit Chakravarty, Chief Technology & Information Officer (CTIO) , One Point One Solutions Ltd.

Intellicus Flow has a strong roster of clients that includes brands such as Conneqt, Hexaware, 3i Infotech to name a few. Known for offering actionable insights, Intellicus is strongly emerging as a top choice for organizations across multiple business categories.

Pic Source: Bconnect Communication