Archive: January 23, 2023

Indulge in cuisines of India at Food Exchange Novotel New Delhi Aerocity and celebrate the 74th Republic day

New Delhi, January 23: Novotel New Delhi Aerocity is celebrating this Republic day by hosting a 6-day long dinner series from 20th-26th January 2023 at Food Exchange. Bringing to your plate an array of different regional cuisines from all over the country on each day of this affair, Novotel aims to portray the beauty of Indian diversity.

The menu includes a variety of dishes like Kukkad Makhani and Highway Paneer Tikka from Punjab, Kache Gosht Ki Biryani and Khubani Ka Meetha from historic Hyderabad, Shukto and Maccher Jhol from Kolkata, Zimikand Ki Galouti from Lucknow, Jodhpuri Choliya Pulao from Rajasthan and Kashmiri Rajma with Gogji from Kashmir.

To commemorate the 74th anniversary of this remarkable date, the final day is gastronomical heaven amalgamated from across India put together on a platter.

Venue: Food Exchange, Novotel New Delhi Aerocity

When: 20th- 26th January 2023

Timings: 7 PM Onwards

Price: ₹1950 + GST

ANMI StockTech Survey Reveals Industry Shift towards Tech-Driven Brokerage

Mumbai, 23 January 2023: The Association of National Exchanges Members of India (ANMI), India’s largest grouping of over 900 exchange brokers and members, released the StockTech survey report, which focused on financial market technologies. The event unveiled the results of the StockTech Survey, conducted by ANMI to provide insight into technological trends in the stock brokering industry and the extent of technology penetration in the capital markets.

The survey found that 61% of companies did not face any IT-related issues in the past year and that 71.43% of stock brokers are considering a shift towards a technology-based model, planning to increase IT team manpower or recruit fresh talent. Additionally, an average of 30% of investment is expected to be made in technology in the 2022-2023 period.

Mr. Vaibhav Shah, Chairman, of ANMI WIRC, has emphasized the importance of technology for the growth of the securities market. In a press conference held today, he highlighted the role of technology in the securities market, saying, “Use of technology is not restricted to trading but timely execution of many other functions including on-boarding clients, risk management, compliance, monitoring, reporting, safeguarding client funds and securities and many other functions.” He further added, “Blockchain technology with AI and ML will create many new avenues for the healthy development of financial markets.”

Mr. Mahesh Desai, Convener, StockTech -2023 & past Chairman, Western Region, ANMI said: India is increasingly becoming tech-savvy, with more than 655 mn active internet users. With the growing numbers, majorly led by the youth, many financial institutions and broking companies are aggressively adopting digital means to reach out to the masses. Today, more than 80% of new accounts are being opened in tier 2 and 3 cities. The emergence of new-age fintech has become more open to the overall market and it is no longer an exclusive domain to a selected few.

In conclusion, both leaders emphasized the need for continued reform process and a lot of technology inputs to achieve this. They also urged for the encouragement and regulation of Algo trading for retail investors.

The StockTech event is an important event for the financial industry, providing valuable insights and networking opportunities for professionals in the sector. ANMI plans to continue to provide valuable resources and opportunities for its members and the industry in the future.

This symposium provides an opportunity for leading technology players operating in this segment to showcase their innovations and global expertise in meeting the requirements of India’s broking industry.

Jaipur Literature Festival 2023 examines the best of writing from across the world on Day 4

Jaipur Literature Festival 2023 began the fourth day with its customary Morning Music, featuring fusion band, Pangaea, comprising composer-songwriter Mike Hogan; tabla player Saptak; and sitar player/flautist Mayank, who performed a soul-stirring Indian classical piece.

The third day of the Festival had concluded with an insightful discussion featuring Simonyi Professor for the Public Understanding of Science and Professor of Mathematics at the University of Oxford, Marcu Du Sautoy in conversation with poet and novelist Jerry Pinto. Sautoy stressed on how math lets us do more with less and attempts to solve the age-old question of hard work truly being the only key to success. Another session had academic Santanu Das and diplomat Navtej Sarna in conversation with historian, author, presenter and BAFTA-winning filmmaker David Olusoga discussing the letters sent home from France by the soldiers in the First World War. While reading some excerpts from his book, India, Empire and the First World War, Das spoke about the relationship between Indian soldiers and British officers during the War.

On the fourth day, ‘The Museums That Make Us’ featured Director of the Victoria and Albert Museum Tristram Hunt, Chief Secretary, Government of Rajasthan Usha Sharma, British sculptor Andrew Logan, archaeologist Richard Blurton and head of culture and learning programmes at the British Library Jamie Andrews in conversation with Managing Director, Teamwork Arts and Festival Producer Sanjoy K. Roy. Andrews spoke about democratising access to information and the celebration of 50 years of the British Library. While talking about the curation of artefacts at the British Museum, Blurton noted, “Objects are part of the story of man’s life on the planet.” Logan spoke about the significance of private museums in the contemporary age whilst Andrews and Roy discussed the importance and benefits of the collaboration of museums and libraries across the world. Speaking about translations of various works in different languages to English, Andrews said, “So one of the big things we are doing at the moment with partners in India… is working on OCR, Optimal Character Recognition for other scripts, for Indian script, for Urdu, for Bengali, for other Indian scripts, to make sure that this material, once it’s digitised can be easily found.”

Award-winning author Suraj Yengde in conversation with academic Surinder S Jodhka discussed the persistence of caste in contemporary India. Talking about what it means to be a Dalit, Yengde said, “Dalit is a space that India needs to find itself in… this is a space where you can share a fraternity, where friendship is a primary relationship and then from the friendship, you can create the new avatars of humanity.” The discussion swayed between the many instances of caste atrocities and the conceptual underpinnings thereof. They also discussed identity politics and how its burden is on Dalits who face caste oppression, alongside the need for intersections between gender, class, religion and how caste manifests differently across the country.

Award-winning writer of 21 books Chitra Banerjee Divakaruni was in conversation with writer and oral historian Aanchal Malhotra to discuss her recent novel Independence. Banerjee talked about the importance of remembrance and said, “If we don’t remember the story of how we became a nation, how we became free, that is a very sad thing, we will forget if we don’t read about it”. On writing women-centric novels, she noted, “It was very important for me as a woman to write the stories of these women who were undergoing Independence, Partition, violence but also exhilaration and…(the) coming forth of dreams after a long time—so both the positive and the negative, I had to put them in the centre…” The book was launched by Sudha Murty at the Jaipur Literature Festival 2023.

The book The Art of Bitfulness was featured in a discussion with Infosys Technologies Co-founder and Chairman Nandan Nilekani along with the book’s authors Tanuj Bhojwani and Anirudh Suri. Introduced by Sudhanshu Sekhar Khamari, the session addressed the question of an individual’s relationship with technology. While talking about the idea behind the book, Nilekani said, “The book is really about how to live with technology, how to be on top of it rather than let technology dominate you… “

Australia’s High Commission to India, Barry O’Farrell, G20 Sherpa of India Amitabh Kant, the Economic, Environment, Science, and Technology Minister Counselor of the US Embassy in New Delhi, Drew Schufletowski, US Ambassador to India Emmanuel Lenain, and Ambassador of the UAE to India Abdulnasser Alshaali were in conversation with former Indian diplomat Navdeep Suri. Addressing India hosting the G20 summit, Kant said, “…any gatherings of leaders…of the true leaders of the world is about how they are accelerating progress on Sustainable Development Goals.” The panel had a critical discussion on geopolitics, the burdens of history, and the need for cooperation among governments, continents, and cultures.

Award winning author Akshaya Mukul’s book Writer, Rebel, Soldier, Lover: The Many Lives of Agyeya and Vineet Gill’s Here and Hereafter: Nirmal Verma’s Life in Literature give insights of the lives of two pioneers of modernism in Hindi literature. Mukul and Gill were in conversation with Creative Director of Oijo Media and co-founder of the Indian History Collective Pragya Tiwari. They discussed how the trajectory of Agyeya’s literary career changed overtime, from drawing inspiration from European writers to promoting Indian literature and moving towards tradition, thereby contradicting himself throughout. Speaking of what influenced him to write this book, Mukul said, “There were many Agyeyas, so there were many kinds of influences.” The session began with a musical rendition by Vidya Shah singing Chale, Chalo, Doh by Agyeya.

Leading financial historian Edward Chancellor, in conversation with Member of the Economic Advisory Council to the Prime Minister (EAC-PM) Sanjeev Sanyal, discussed interest rates and how monetary policy is going through many difficulties following not just the COVID crisis but also the financial crisis of 2007-8. During the conversation, the Chancellor drew many instances from ancient Mesopotamia and Greek philosophers to give the audience an idea about the past in the context of interest rates.

Author and philanthropist Rohini Nilekani was in conversation with celebrated journalist, author, and columnist Vir Sanghvi discussing Nilekani’s groundbreaking book Samaaj, Sarkaar, Bazaar – A Citizen-First Approach. The discussion took the audience back to Nilekani’s childhood, her family background, her early years in Mumbai, the benefits of a great public system, her grandfather being a Gandhian who participated in Champaran’s Satyagraha, and how all of these experiences inspired her to take the initiative she took.

Author Ruth Harris in conversation with award-winning historian and author Hindol Sengupta discussed Vivekananda’s life and experiences in the USA and India. Speaking of the difficulties of reading Vivekananda today, Harris said, “It is the double-sidedness of his message that makes him both profoundly provocative, stimulating and at the same time, difficult to understand, because it seems like it is a lack of coherence, but I would say it isn’t…” The session also examined Sarada Devi’s influence in his life, and the role of women who are often neglected in the lives of “great men”. Also explored was the duality of Vivekananda’s thought, wherein he faced the dilemma of learning new things from the West, and of deflecting cliched criticisms of India.

One of India’s most-respected classical musicians, Padma Bhushan Hariprasad Chaurasia and author Sathya Saran, in conversation with Managing Director, Teamwork Arts and Festival Producer Sanjoy K Roy, discussed anecdotes from Chaurasia’s childhood and his journey with the bansuri. While talking about her books and writings, Saran noted, “I want to resist forgetting. The forgetting that happens of our great people. And I want to tell their stories”.

One of India’s highest-selling English fiction authors Ashwin Sanghi in conversation with Manjiri Prabhu discussed Sanghi’s thriller novel The Magician of Mazda: The Bharat Series 7. Travelling across time and geography, the exciting narrative visits countries and terrains with sparkling histories and hidden mysteries. Addressing the fraught and little known history of Zoroastrianism, they discussed how the Parsi community has struggled in the past and continues to struggle till today. Sharing his writing process and storytelling style, Sanghi said that “The journey is more important than the destination so you may start with Google or wiki…but then eventually it should lead you to deeper and deeper layers of research…”

British sculptor, jeweller and performance artist Andrew Logan, novelist, filmmaker Ruth Ozeki and internationally acclaimed artist and writer Edmund de Waal in conversation with award-winning journalist and broadcaster Kavita Puri examined the process of memoir-writing and its relationship to truth. Discussing how writing is a reflective activity, Logan said, “The focus was the memory, the things I remembered… so it was very much what I remembered at that time, and that’s what memoirs are about—writing what you remember.” Ozeki said, “I was very aware right from the start that reality was a malleable thing that could be bought and shaped with money…If you call something a memoir, a documentary, you are making a contract with the reader that you are going to tell the ‘truth’, whatever that may be.”

Concluding the day, the Festival hosted an awe-inspiring Heritage Evening at the historic Amber Fort with a magical performance, in association with ‘Engendered, Trans-national—arts and human rights’. For the very first time, a performance titled Āhuti by the Nrityagram Dance Ensemble, one of the premier Indian Classical dance institutes companies in collaboration with the Chitrasena Dance Company of Sri Lanka, was enacted. The show featured Kandyan and Odissi dance with stunning visuals, choreography and an evocative soundscape. The ensemble was led by artistic director and choreographer Surupa Sen. The unique collaboration featured Odissi dancers Pavithra Reddy; Anoushka Rahman; Rohini Banerjee; Abhinaya Rohan; and Daquil Miriyala. The Kandyan dance form was represented by Thaji Dias; Kushan Dharmarathna; Geeth

Premachandra; and Amandi Gomez. The musicians also included vocalist Jateen Sahu; percussionist Rohan Dahale; bamboo flautist Parshuram Das; violinist Siba Nayak and Kandyan drummer Koshan Mapatuna. Lighting design and technical direction are by Lynne Fernandez.

This was followed by another performance titled – Shared Dreams by Harpreet and George Brooks. An award-winning saxophonist and composer, George Brooks with musician & singer Harpeet presented a piece, spanning genres and generations through poetry and music.

Air India offers Sale: Attractive discounts on domestic destinations

Bangalore, January 23, 2023: Air India, India’s leading airline and a Star Alliance member, has launched an attractive initiative – offering discounts on its flight tickets across the airline’s domestic network in the run-up to the celebrations of India’s 74th Republic Day.

The offer, which has been rolled out this morning, will be valid till 23rd January 2023 and will be available for sale on all Air India booking platforms, including through the airline’s authorized travel agents. These discounted tickets will be available in Economy Class and applicable for travel across the domestic network in India from 1st February to 30th September 2023.

Starting from an incredibly low one-way fare of Rs 1705/-, the discounts will be available on over 49 domestic destinations. Whether it’s the dream holiday tour with family or any business visit, one can grab these heavily discounted tickets on Air India’s wide domestic network.

Some of the one-way discounted fares on the domestic network are as under:

Sector All Incl. Fare  (Inr)
Delhi to Mumbai 5075
Chennai to Delhi 5895
Bengaluru to Mumbai 2319
Delhi to Udaipur 3680
Delhi to Goa 5656
Delhi to Port Blair 8690
Delhi to Srinagar 3730
Ahmedabad to Mumbai 1806
Goa to Mumbai 2830
Dimapur to Guwahati 1783

For further details log onto our website www.airindia.in or contact our call centre at 1860 233 1407

Dettol Banega Swasth India launches A Pathway from Hygiene to Wellness a coffee table book at Jaipur Literature Festival 2023

Dettol Banega Swasth India

Jaipur, January 2023: The most fabulous literary fest, Jaipur Literature Festival 2023 witnessed a focus on agenda- hygiene and health are inseparable, with the launch of the coffee table book that focuses on India’s journey to universal hygiene and seeks to advance thinking and action for following self-care practices such as washing hand for achieving a high level of quality of life.

Curated by Outlook and Reckitt, the book is edited by Mr. Ravi Bhatnagar, Director, External Affairs and Partnerships, SOA, Reckitt as Guest Editor. The book written by top policymakers and leading practitioners from diverse backgrounds focusing on India’s journey to universal hygiene to protect, heal, and nurture in the relentless pursuit of a cleaner and healthier world.

The book is being launched during the Jaipur Literature Festival 2023 on January 22 in the presence of Amitabh Kant, G20 Sherpa; Upma Chawdhry, IAS Retired. Former Secretary to Government of India and Director of the Lal Bahadur Shastri National Academy of Administration, Mussoorie & Board Member, Plan India; Gaurav Jain, Executive Vice President – South Asia, Reckitt; Mr. Ravi Bhatnagar, Director, External Affairs and Partnerships, SOA, Reckitt; Sanjoy Roy – MD, Teamwork Arts and William Dalrymple – Festival Director. The event also saw a photo exhibition in a digital format showcasing Dettol Banega Swasth India program’s efforts throughout the years to nurture health and hygiene behaviors reaching out to 24 million school kids.

Throwing light on the challenges India is facing, Mr Ravi Bhatnagar, Director, External Affairs and Partnerships, SOA, Reckitt, said, “Behavioral change not only needs continuous reinforcement but also the provision of infrastructure to enable it. We witnessed the power of collective action during the pandemic; continuous collective action by faith-based organizations, youth groups, and civil society will help spread the message fourfold. Also, increased advocacy by these groups will ensure that policymakers are aware of the health, social, and economic impacts of hand hygiene while building public support. We need to think out of the box by leveraging technology and introduce, promote and scale up innovative products and solutions to promote health and hygiene habits.”

Apart from having some eminent persons in positions of power write on these issues, the book will be shared with relevant authorities. It will be useful for practitioners, academia, policymakers, and everyone who has seen the challenges of hygiene in any form and format of life. And can be used as a hands-on document to replicate and scale various innovative and creative solutions for promoting sustainable hygiene and sanitation practices.

This book is written by some of the top policymakers and leading practitioners from diverse backgrounds including Mr. Amitabh Kant, G20 Sherpa, Mr. Gaurav Jain, Executive Vice President, South Asia, Reckitt, Mr. Shombi Sharp, UN Resident Coordinator in India, Dr Soumya Swaminathan, Former Chief Scientist & Secretary, Health Research, Govt of India, Mr Akshay Rout, Senior Fellow, NITI Aayog, Ms Naina Lal Kidwai, Chair, India Sanitation Coalition, Dr. Randeep Guleria, Chairman, Institute of Internal Medicine & Respiratory and Sleep Medicine, Medanta, Dr. Poonam Khetrapal Singh, WHO Regional Director for Southeast Asia, Swami Chidanand Saraswati Co-Founder, Global Interfaith WASH Alliance, Sadhvi Bhagwati Saraswati, Secretary General, Global Interfaith WASH Alliance, Adv Nandan Jha, Secretary General, Gandhi Mandela Foundation, Mr. Mohammed Asif, Executive Director, Plan International (India Chapter), Mr. Dilen Gandhi, Marketing Director, Health and Nutrition, South Asia, Reckitt and Dr. Komal Goswami, COP- Plan India.

Angel One Ltd FY23 Q3 Results

 Angel One Ltd | Press Release for Translations | FY23 Q3 Results

Mumbai, January 23, 2023: Angel One Limited (BSE: 543235) (NSE: ANGELONE), announced its unaudited consolidated financial results for the quarter and nine months ended 31st December 2022.

Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman MD said, “India’s robust economic policies make it one of the best investment destinations globally. This coupled with the continuously evolving regulatory environment, have been the driving force for higher retail participation in the country. India’s Capital Market created a milestone as the total demat base grew to over 108 million as of December ‘22.

India’s young demography strongly favours technology assimilation, and Angel’s digital products and engagement tools position us well to cater to them. Through our Super App, we strive to be long-term collaborators in their wealth creation journey, and service alltheir financial needs through an expanded product bouquet.

I am happy to see positive results of our digital strategy, and strongly believe we are well positioned to garner a larger market share of this expanding market.

In line with our dividend policy, the Board of Directors have declared a distribution of 35% of the quarters profit, as a third interim dividend to the shareholders.”

Commenting on the performance, Mr. Narayan Gangadhar, Chief Executive Officer said, “Angel is amongst the few players to witness consistent growth, both operationally and financially. We continue to gain market share in total demat accounts, to 11.6%; achieved a 12.0% share in NSE active clients and are firmly amongst the top 3 largest new-age digital brokers in India; reported our highest quarterly ADTO with steady orders and turnover market share. Angel is the largest publicly traded, fully digital stockbroker in the country.

During the quarter, we initiated the rollout of the Android version our Super App, to the first batch of our clients. The App recorded 100% uptime, which not only added to the overall experience but also led to a better Playstore rating and higher NPS.

We instituted Mutual Fund services, on iOS, Android, and Web platforms. This marks the commencement of the App transitioning to a “True Super App”. Our superior product offering and best-in-class client experience makes Angel a trusted partner for our clients.

I believe our App will be the epitome of superlative client experience and will provide them with the most appropriate launchpad to invest in a variety of financial assets.”

Client Additions

Angel One continued to witness strong gross addition of ~1.0 mn clients in Q3 ’23, crossing 12.5 mn mark in total client base during the quarter

Consolidated Total Income

₹ 7,597 mn in Q3 ‘23 vs ₹ 7,459 mn in Q2 ‘23 , a 1.9% growth on QoQ basis

Consolidated EBDAT

₹ 3,099 mn in Q3 ‘23 vs ₹ 2,926 mn in Q2 ‘23, a growth of 5.9% on QoQ basis

EBDAT Margin (as % of Net Income) stood at 53.9% in Q3 ‘23

Consolidated Profit After Tax From Continuing Operations

₹ 2,280 mn in Q3 ’23 vs ₹ 2,136 mn in Q2 ’23, a growth of 6.8% on QoQ basis

Dividend

The Board of Directors have recommended dividend of Rs. 9.60/- per equity share of Rs. 10/- each, as a third interim dividend, equivalent to 35% of consolidated profit after tax, for the
quarter

 

Hrithik Roshan’s brand, HRX’s first store unveiled in Bangalore’s Phoenix Market City

Bengaluru Jan,2023: India’s first home grown fitness brand HRX, jointly owned by Hrithik Roshan and Exceed Entertainment, forays into the offline space with the launch of its first standalone store, at Bengaluru’s Phoenix Market City. Last week, on the occasion of his birthday, Hrithik Roshan took to social media to make this announcement through a gamified walk through of his first store.

With an increased focus on fitness among enthusiasts, the brand’s entry into the offline space will give customers and fans of Hrithik Roshan the opportunity to connect with the brand and its products at a much deeper level. The collections are inspired by Hrithik’s choices for everyday workouts, inspiring and encouraging more and more people to adopt fitness as a lifestyle choice.

This launch will mark the beginning of the brand’s offline store expansion across the country, with plans in the pipeline to launch more such stores. With more than 6000 SKUs across Apparel, Footwear, Accessories, Fitness Equipment, Audio, Nutrition, and Personal Care, HRX will be offering a curated selection of 400-500 options for shoppers to choose from. The store will host the brand’s collections for Training, Running, Yoga, Athleisure, and its premium selection, Edge. The popular segments that HRX operates in include T-Shirts, Track Pants, Jackets, Sports Bras, Tights, and Footwear, which cover the latest fashion trends, fits, silhouettes, and seasonal colors, catering to the Gen-Z and Millennial cohorts.

Commenting on the launch of HRX store , Hrithik Roshan, said, “The response towards HRX from fitness enthusiasts has been hugely encouraging in scaling our ambitions for the brand. While we started off as an online brand hosted by Myntra, the trust and love that we witnessed from the HRX community has led us to take our first step in the offline market. I’m very happy to announce the opening of our first HRX store in Bengaluru. I hope shoppers will enjoy the HRX in-store experience along with all our product offerings, as much as they liked it on Myntra, so far.”

The new HRX store boasts of a shop floor with ~1250 sq ft of carpet area and will be situated on the first floor of the mall. The first store of the brand has been designed in collaboration with Mr. Duraisingham and Teaming Projects.

Five events to watch out for this January in Mumbai

Jeena Isi ka Naam Hai

This January, give yourself a break from your monotonous routine and attend some entertaining and exciting events across Mumbai. These five events will relieve you of your boring schedule and assist you in determining your area of interest.

1. Jeena Isi Ka Naam Hai – Om Katare

Om Katare an actor, playwright and director, is celebrating 44 years of Yatri Productions with an opening play Jeena Isi Ka Naam Hai, an inspiring story of great indian entrepreneurship at Prithvi Theatre Juhu, Mumbai on 24th January 2023, 7:00 pm and 9:00 pm. You can book your tickets now in just 500/-

2. “Rhyme Time” – A Poetry Showcase

The show is a celebration of spoken word, including regional poets and their distinctive viewpoints. Come out and allow the power of poetry to transform your soul! The performance starts from Tuesday, January 10, 2023 to Tuesday, January 24, 2023 at The J Spot: Bandra, Mumbai. So, grab the tickets in the range of 250 right away.

3. Circular Painting Workshop

Join an event with no prior painting experience required. This guided workshop will explain the fundamental brushstrokes, sketches, and technique and assist you in connecting with your inner artist. It will be a 2hr event from Saturday, January 07 2023, to Sunday, February 05 2023, at Studio Pepperfry – Furniture Store, Bandra, Mumbai. Tickets start from INR 1,699/-

4. Raëll Padamsee`s – THE ACE MAGIC BONANZA

The ACE Magic Bonanza, presented by Rall Padamsee’s ACE, is a super-exciting, highly participatory, and entertaining show for children over 4 and their parents. Get ready to be astounded by amazing magic acts. The show starts at 5 pm on Sunday, January 22 2023, for 1 hr 30 mins with an entry fee of INR 500 at Sophia Auditorium: Mumbai.

5. Bank of Baroda SunRun 2.0 (Marathon)

Feel the rush of adrenaline as you run down the path that is the most energetic, organized, and well-thought-out at Jio Gardens, BKC on Sunday, January 29, 2023 at 5:00 am. Run and earn thrilling Prizes! Several winners in the Men & Women Category! Tickets start from INR 767 onwards.

Pre-Budget Quotes from Startup Ecosystem : SigTuple, Elever & BabyG App

Pranat Bhadani, President, Business Growth, SigTuple:

“India currently imports bulk of its medical devices. Even for companies like us which have completely designed and assembled the device in house, we are forced to import a lot of the essential parts – from PCB to ball screws.

For Make in India to work, the following should be the government’s focus (similar to the smartphone industry):

Make it easier to import spare parts and difficult to import the device
Incentivise exports
Incentivise the development of an ecosystem – by rolling out SEZ benefits, PLI schemes, etc.
With a focus on building a sustainable ecosystem, the med-tech industry has potential to add billions of dollars to the economic output of the nation!”.

Karan Aggarwal, Chief Investment Officer, Elever:

“Shift to an infrastructure-led development model is expected to gain more momentum as allocation to infrastructure can increase by nearly 50%-100%. Considering financing constraints in achieving infrastructure and green targets for 2030, It makes sense to introduce additional tax rebates outside 80C exemptions on infrastructure and green bonds alongside some incentives and tax sops to boost private capital investment. To make the most of Covid-related supply chain disruptions in China, some announcements can be expected to incentivize the shifting of some supply chains from China to India.

There is little fiscal room for any relief in the income and capital gain taxes but considering the last full budget before the election, keeping fingers crossed for a pleasant surprise”.

Birma Ram, Founder & CEO, BabyG App:

“We expect the Union Budget to provide a conducive environment for business growth, with policies that support innovation, access to funding, and tax credits/exemptions for the early-stage startups, along with simplification of compliance procedures related to operations given we have fewer resources at disposal in the early years. Overall, a budget that empowers and encourages entrepreneurship is what we look forward to.”

Hyderabad FC complete double over East Bengal FC

Hyderabad FC complete double over East Bengal FCKolkata: Hyderabad FC got back to winning ways with a strong 2-0 victory over East Bengal FC at the Vivekananda Yuba Bharati Krirangan on a chilly night in Kolkata on Friday.

Javi Siveiro (9’) and Aaren D’Silva (90 +4’) registered a goal apiece as Hyderabad moved back to within four points of league leaders Mumbai City, with 35 points after 15 games.

It started with Siverio’s impeccable header at the end of a 10-minute spell that Hyderabad dominated from kick-off. It was Borja with a superb ball that Siverio headed in with style as Hyderabad scored their first-ever goal at the Salt Late Stadium.

The hosts had a couple of half-chances, and also hit the bar but Odei Onaindia, Nim Dorjee Tamang, Akash Mishra, and Nikhil Poojary stood strong while Gurmeet Singh pulled off some big saves as HFC went into the break with a lead.

Siveiro, Bart Ogbeche, Rohit Danu, and Odei Onaindia also had chances at the other end but it was East Bengal who came out for the second half with lots of purpose.

Gurmeet Singh was under pressure but never wilted as he hung on to his clean sheets with a series of fine saves and interceptions. Kamaljit at the other end was equally impressive, making three crucial saves that HFC should have scored form.

And the deal was sealed when Aaren D’Silva, who came off the bench, to score late in the game. Aaren took his time and made sure that Kamaljit Singh could not save what was his first goal in his Indian Super League career.

Nim Dorjee was named the ‘Hero of the Match’ as Hyderabad put on another impressive display to get back to winning ways.

Hyderabad are back in action when they take on league leaders Mumbai City FC in much-awaited ISL clash at the Mumbai Football Arena on Saturday, February 5.