Archive: March 22, 2023

Hamdard Laboratories launches campaigns for Cinkara and Naunehal Gripe Syrup

New Delhi, 22 March 2023: Hamdard Laboratories (Medicine Division), a progressive, research-based health and wellness organization offering Unani medicines has announced a special summer campaign for its renowned products- Cinkara and Naunehal Gripe Syrup. The campaign highlights how Cinkara and Naunehal Gripe Syrup help in coping with health issues, arising out of nutritional gaps in the case of Cinkara and teething issues in case of Naunehal Syrup.

Hamdard has revived its popular campaign, ‘Zindagi ka josh har dum’. Cinkara, the most recalled brand of Hamdard is a complete health tonic that restores lost energy, increases appetite, and improves conditions of fatigue. The tonic contains six essential Vitamins along with four minerals and nine effective herbs to keep the body strong, healthy, and agile. While India is the playground for Cinkara, it has a larger footprint in UP, Bihar, West Bengal, and Delhi /NCR.

On the other hand is Hamdard’s  Naunehal Gripe Syrups is a Unani formulation that strengthens sensitive intestines, regulates digestion, eases cholic condition in infants, and protects them against common ailments during teething as well. Made of natural ingredients, Naunehal syrup is very easy on an infant’s stomach.

Mr. Abdul Majeed, Chairman & Managing Trustee, of Hamdard Laboratories India ( Medicine Division) said “My late grandfather had a vision for the brand and its role. The Cinkara packaging is inspired by our tricolor, hoping that one day it would become the tonic of the nation. For more than 40 years now, Cinkara has been one of the most popular and affordable health tonics in the country. At Hamdard, it’s our constant endeavor to provide products that are targeted at holistic wellness and keep us energetic to fight life challenges- “Jindagi ka Josh Har Dum” justifies the brand truth”.

“It is always a wonderful feeling to know that Hamdard products touch so many lives, in so many ways. People from different states and different strata of society swear by our products. Our medicines are affordable and effective. In most cases, Hamdard products have been in families for generations. Through this campaign, we hope to further expand our reach and help people lead healthy and happy lives, free from the burden of illness and health issues” said, Suman Varma, CMO, of Hamdard Laboratories.

Importance of New Start-Ups for Young Mind

Innovations make people more creative and passionate. Start-ups are the innovational approach with low initial costs for a business. These start-ups transpire with new ideas and products that aid the country’s economy. Universities and the government are focusing more on the importance of new start-ups for young minds. Here, one will perceive more about the importance of new start-ups for young minds-

Inception of Opulence

Start-ups give flexibility to the business that makes their employees attract money from different sources through investments, sales, events and many more. Entrepreneurs support society to growth by providing more job opportunities to young intellects.

Gives Competition Full of Beans

Start-ups give fiery and spunky competition to other entrepreneurs which makes them healthy and effective. These competitions improve the skills and abilities of the employees to grow wealthier.

Boosts Young Culture

Young energy does have high spirits to go for start-ups as they possess high energy to take risks. Young brains go for start-ups to become skilful by polishing their skills. Start-ups boost young culture as they do have more youth support by providing them with a platform to start their career due to its fastest-growing culture.

Support the Economy of the Country

Start-ups support a country’s economy by giving more career opportunities to lower the unemployment rate with the potential to get higher returns.

According to Akash Sharma, Director Admission & Outreach, Noida International University– Start-ups are versatile and flexible that efficiently develop team culture in youth. We, Noida International University, organize various programs and seminars for the students to get more creative and innovative business ideas. We also invite successful entrepreneurs and business personalities for numerous programs and activities to motivate and give practical experiences to young entrepreneurs to go for start-ups.

Tata AIA Life Insurance Launches NFO Offerings

India, March 22, 2023: Tata AIA Life Insurance (Tata AIA) has launched, NFOs under the aegis of #ProtectYourFuture.

• Sustainable Equity Fund &
• Dynamic Advantage Fund

at NAV of Rs. 10 per unit.

Tata AIA’s Sustainability Equity Fund seeks to generate capital appreciation in the long term by investing in companies that adopt sustainable or Environmental, Social, and Governance (ESG) friendly practices. The fund will invest 80-100% in equity and equity-related instruments following ESG criteria.   and upto20% in other equities or debt or money market instruments. Demonstrating the fund’s core philosophy, Tata AIA will plant a sapling that will be geo-tagged and provide a digital certificate of the same to every policy holder, investing in this fund.

Tata AIA’s Dynamic Advantage Fund aims to generate superior and steady returns, despite factors like market volatility.  The fund will dynamically allocate the investment corpus between Equity and Debt depending upon market conditions.

Investments in the two NFOs can be made through Tata AIA’s ULIP offerings like Fortune Pro, Wealth Pro, Fortune Maxima, and Wealth Maxima. Consumers can also avail this opportunity by purchasing Tata AIA’s unique investment-linked protection solutions, Param Rakshak and Sampoorna Raksha Supreme. Consumers can thus benefit from market-linked returns while securing their loved ones with the protection of a life insurance cover.

Harshad Patil, Executive Vice President and Chief Investment Officer (CIO), of Tata AIA Life Insurance, said, “Protecting our future is crucial in these times of volatility and economic uncertainty. At the same time, we are witnessing significant climatic changes, clearly revealing the negative impact of rapid urbanization and development on our planet. Keeping this in mind, we have come up with two unique NFOs that will enable investors to tide through these challenges while contributing to a better future of our planet.”

Speaking about the Sustainable Equity Fund, he said “Today, consumers are keen to ensure their financial security, while contributing to a greener environment. Investors millennial consumers are leaning towards environmentally responsible companies, be it from an investment perspective or choosing their products for consumption. Tata AIA’s Sustainable Equity Fund offers investors a unique opportunity to benefit from sustainable investment avenues to secure their financial future while helping create a better tomorrow for mankind. It may be noted that echoing these trends, the ESG 100 index in India has given better returns than the broader Nifty 50 or 100 index over 3 and 5 years duration.”

Sustainability is currently an important criterion for businesses when it comes to adopting sustainable or ESG friendly protocols. Apart from categories such as financial inclusion, Sustainable investing covers new age fields such as Electric Mobility, Robotics, and Automation Information access, etc. Many Infotech, Fintech, and other firms are making rapid progress in these contemporary categories, offering exciting long-term investment opportunities. From a consumer perspective, increasing social consciousness and environmental concerns are influencing their purchase decisions. According to Nielsen, 75% of Millennials are eco-conscious to the point of changing their buying habits to favor environmentally friendly products. 90% of Millennials are interested in pursuing sustainable investments. Thus, there exists great opportunity to create investments that allow individuals to truly embrace owning their financial futures and doing their bit for the environment.

The Tata group has been at the forefront of sustainability. In fact, it is ranked No.1 on sustainability across Asia in 2022 as per GlobeScan Sustainability Leaders Survey.

When it comes to making consistent returns in the markets, it is important to remember that no asset class outperforms others at all times. Hence it is very important that one diversifies the investments and leaves the job of allocating funds amid market volatility to professional fund managers with business cycles getting shorter and markets reacting to various events, a dynamic asset allocation fund can help generate consistent returns across market cycles.

“The Dynamic Advantage Fund aims to provide investors returns despite volatile market conditions. It will do so by dynamically investing in a combination of equity and debt avenues. Investors can thus benefit from the growth potential of equity while benefiting from the downside protection that debt funds investments offer. Investors no longer need to closely track the markets and rebalance their portfolio manually, a task nearly impossible given the sharp and regular market movements.” Harshad added.

Tata AIA has a well-defined research process and methodology and takes a long-term view based on fundamental research. It follows a robust investment philosophy of portfolio construction through bottom-up stock selection by focusing on companies with sustainable earnings growth. Further, the investment team has been quite stable and has stayed with the company for a long, ensuring a consistent investment approach. This has generated consistent risk-adjusted investment returns to meet investors’ long-term objectives and return expectations.

The below table showcases the performance of existing equity funds of Tata AIA since inception in comparison to the benchmark returns.

Tata Motors Announces Price Increase for Commercial Vehicles Ahead of BS6 Phase II Emission Norms

Bengaluru, 22 March 2023: Tata Motors, the largest commercial vehicle manufacturer in India, will be implementing a price increase of up to 5% on its commercial vehicles starting from April 1^st, 2023. The decision to increase prices is a result of the company’s efforts to comply with the more stringent BS6 phase II emission norms. As Tata Motors transitions its entire vehicle portfolio to meet these standards, customers and fleet owners can expect a range of cleaner, greener, and technologically superior offerings that deliver higher benefits and lower total cost of ownership.

The price increase will be applied across the entire range of commercial vehicles, with the exact amount varying according to the individual model and variant. 

Platforms impacting the lives of domestic gig workers in India

The gig economy has seen significant growth in India over the past few years, with a large number of people opting to work as gig workers or freelancers. According to a report by Boston Consulting Group (BCG) and Michael & Susan Dell Foundation, the gig economy in India is expected to grow at a CAGR of 17% to reach $455 billion by 2023.

One of the major drivers of the growth of the gig economy in India is the increasing penetration of the internet and smartphones. This has led to the rise of online platforms that connect gig workers with potential clients, making it easier for people to find work and for companies to find the talent they need. Some of the most popular gig economy platforms in India include Uber, Ola, Swiggy, Zomato, and UrbanClap.

In terms of domestic gig workers, there has been a significant increase in the number of people working as delivery executives, housekeepers, cooks, and other domestic help. This is largely due to the growth of online food delivery and home services platforms, which have created new opportunities for people to earn money through part-time or full-time work.

However, the gig economy in India also faces a number of challenges, including the lack of social security benefits and job security for gig workers. Many gig workers also face issues related to low pay, long working hours, and a lack of legal protection. To address these challenges, the Indian government has taken steps to regulate the gig economy and provide more support to gig workers, such as the introduction of the Code on Social Security, which provides a safety net for gig workers and other informal sector workers.

Mr. Right: –Carpenter, plumber, electrician. The list goes on when it comes to the services provided by Mr. Right to help you find the right home service. In addition, the app facilitates appliance repair, deep cleaning services, and more! With a few details, this gig platform onboards professionals with a proven track record in the services; and has more than 60,000 gig workers. 

Broomees: –Established in 2020, BROOMEES is revolutionizing the way helpers are hired in India. Our mission and resolve are to bring to our customers — trained, experienced, and pandemic-ready conquerors. Under our umbrella, we assist and provide a wide range of services for our customers to choose from — both one-time and daily services. Our aim is to organize the sector and train and enable the surrounding helpers.

Housejoy: –Just like the name, this gig economy platform aims to deliver home services by trained professionals, are insured, and also have the option for re-work. TLDR; makes house chores a joy! Housejoy has served over 1Million+ customers and has over 65,000 professionals. The various services you’ll find on the gig-driven platform are home cleaning, repair, virus fumigation, appliance service & repair, home salons, and more!

Gigzeu: –Gigzeu is a socio-techno start-up who dream to create a community based on mutual trust of domestic Gig workers and socially conscious customers. Asking around for domestic skill workers on WhatsApp groups or security guards should be history. The brand is fostering a change in the manner domestic gig workers approach their work and customers perceive them. The often-quoted experience of domestic workers is, ”If I can cook for them, why are there different utensils for me”. The brand has started our journey with the belief that such experiences harm service quality and social fabric. It’s a first step towards bringing the domestic gig workers in the net of social security, medical insurance & facilities like creches, etc.

Water Conservation in Real Estate: A Necessity for India’s Sustainable Future

By Mr. Nirav Dalal, Executive Vice President – Business Development & Chief Investment Officer, Shapoorji Pallonji Real Estate

Water scarcity is a major issue in India, with the majority of the population having insufficient access to safe and potable water. The problem is exacerbated by a rapidly growing population, unplanned urbanization, and droughts caused by climate change. As it is one of our basic necessities, it becomes essential to conserve this precious resource. With the real estate sector being one of India’s largest consumers of water, it is critical to accelerate and implement water conservation measures in this sector to ensure sustainable development.

Water Crisis: The Current Scenario

Quenching the thirst of India’s 18% of the world’s population, while using only 4% of its water resources makes India one of the world’s most water-stressed countries. As per a report by NITI Aayog, many Indians experience high to extreme water stress. This difficulty is aggravated by India’s dependence on the monsoon, which is becoming more unpredictable for its water needs. Even as the country experiences more floods and droughts, climate change is likely to make this pressure on water resources worse.

The water crisis is not limited to rural areas, as urban areas are also experiencing severe water scarcity. The major reason for this is the ever-increasing population. Taking an example of one of the largest metropolises, Mumbai alone needs over 4200 million litres of water per day but manages to distribute about 3850 million litres of water per day. And interestingly, as per the newspaper reports, this demand is likely to go up to 6424 million liters per day by 2041. How will this large metropolis be able to source such huge quantities of water? Currently, the city of Mumbai relies on lakes and dams, but what comes next? Urbanisation has resulted in the devastation of natural water bodies such as lakes, rivers, and ponds, further aggravating the crisis.

Role of Real Estate in Mitigating the Water Crisis

Real estate, which is a crucial component of any urban foundation, can help mitigate the problem by implementing innovative water-saving and recycling solutions. The developer community is taking effective measures to contribute to this cause.

Earlier, a lot of water wastage happened owing to the usage of drinking water in construction activities, but this is not the case anymore. Due to stricter government policies and to contribute to this natural resource from becoming extinct, real estate developers started taking efforts to use non-drinking water. However, this has now become a practice where developers rely on underground water resources or non-potable water and have water recycling plants on site to reduce this wastage.

Additionally, it is now mandatory for developers to install rainwater harvesting systems and greywater recycling systems that can help reuse wastewater for non-potable purposes such as cleaning and flushing. Along with developers, individual property owners, too, are using water-efficient systems and fixtures, such as low-flow toilets, showerheads, and faucets, and water-saving appliances, such as washing machines and dishwashers. This would not only reduce water consumption but also save money on water bills.

Adding to these efforts, many developers today strive for green certification and rating systems such as LEED (Leadership in Energy and Environmental Design) and Energy Star. These provide a framework for developers to implement sustainable practices in real estate. These certification programs can incentivize the adoption of water conservation practices and make real estate more environmentally friendly.

Additionally, real estate developers can promote sustainable landscaping techniques that use less water. Native plants that need less water for irrigation, permeable surfaces that let water seep into the ground, and mulch that keeps moisture in the soil are all components of sustainable landscaping. Furthermore, sustainable landscaping encourages biodiversity, which increases the site’s ecological value.

While the government is taking efforts to carry out all the important measures to conserve water, a lot of education and awareness are still needed. Along with real estate developers, individual property owners, occupants, and tenants should also contribute to significantly reduce water consumption.

The real estate industry has a significant impact on water consumption, and conservation and implementing sustainable practices can help preserve our planet’s most precious resource. By incorporating efficient water management systems, the real estate industry can contribute to water conservation and help create a more sustainable future. On this World Water Day, let us commit to protecting our planet’s water resources and working towards a better future. Let’s accelerate this process and be the change that we want to see!

Shriram Housing Finance wins Best Data Analytics Initiative of the Year Award at the NBFC & Fintech Excellence Awards 2023

Mumbai, 22 March 2023: Shriram Housing Finance, a leading affordable housing finance company, has been awarded the Best Data Analytics Initiative of the Year award at the 2nd Annual NBFC and FinTech Excellence Awards-2023, organized by Quantic. The ceremony was held at Hotel Holiday Inn in Mumbai, India, on March 2023.

The award recognizes Shriram Housing Finance’s exceptional ability to leverage data analytics to enhance its lending processes and provide better services for its customers. The company’s innovative initiative, the Bounce Estimator Tool (BET) – A Prediction Model – Risk Tool, was highly appreciated by the judges.

BET is a proprietary tool developed by Shriram Housing Finance that uses advanced data analytics and machine learning algorithms to predict the probability of loan defaults. The tool analyzes various parameters such as borrower’s credit score, income, employment status, and past repayment behavior, to generate a risk score for each loan application. Based on the risk score, the company can make informed decisions about loan approvals, interest rates, and repayment terms.

Speaking on the occasion, Mr. Ravi Subramanian, MD & CEO, of Shriram Housing Finance said, “We are delighted to receive this award for our data analytics initiative. At Shriram Housing Finance, we always strive to provide the best-in-class services to our customers, and data analytics plays a critical role in achieving this goal. BET is an excellent example of our ability to leverage technology for improving our lending processes and reducing risks. We would continue to invest in technology to enhance our digital and analytical capabilities.”

The 2nd Annual NBFC and FinTech Excellence Awards-2023, organized by Quantic, is a prestigious event that recognizes the outstanding achievements of companies in the non-banking financial sector and the fintech industry. The event brings together industry experts, leaders, and influencers to celebrate excellence and share insights on emerging trends and opportunities.

Singapore family cord blood bank Cryoviva upgrades to AXP II System for cord blood processing

Singapore, Mar 22, 2023:(ACN Newswire) – Cryoviva Singapore, reputed to be among the top family cord stem cell banking companies in Southeast Asia, is making a significant upgrade to its cord blood processing capability with a switch to the AXP^® II system.

The fully automated and programmable cell separation and recovery system, that allows for a fast and reproducible separation of cord blood in a sterile environment, reduces human error, accurate processing without damage to the cells, and delivers consistent results. The AXP^® II system, which has received both the CE mark and FDA 510K clearance, complies with good tissue practices (cGTP) and good manufacturing practices (cGMP). Globally, the system has already processed over a million cord blood units (CBU).

Designed to provide high-quality stem cell concentration from cord blood, the AXP^® II system has demonstrated viable CD34⁺ stem cell recovery of >97% that is higher than most other known available systems. Moreover, CBUs processed with this system are seen to be richer in MNC than units that are conventionally processed with similar total nucleated cells (TNC).

“We are excited to be upgrading to the AXP^® II system, which we believe provides the best outcomes for both our customers and us. Not only will our customers benefit from the quality and consistency of cord blood processing, but the system will also enhance the efficiency of our lab operations significantly with complete automation and software-driven tracking capabilities,” said Dr.Toh Keng Kiat, Medical Director. 

“Cryoviva Singapore is committed to provide our customers with quality that is of the highest standard. Our upgrade to the AXP^® II system is another investment towards that goal. The faster speed and efficiency accorded by the system‘s capabilities will also improve our scalability and help us serve even more families. We will continue to invest in technologies and systems that will help us fulfill our mission to enable every family to discover the miracle of cord stem cells,” said Rajesh Nair, CEO of Cryoviva Singapore. 

Tackle the summer-dryness with these effective skincare products by mCaffeine

As summer approaches, we all know that heat and humidity can wreak havoc on our skin. That’s why we’re excited to introduce you to mCaffeine’s range of effective skincare products designed to tackle summer-dryness head-on.

mCaffeine’s skincare range includes products that are specifically formulated to keep your skin hydrated, nourished, and glowing even in the hottest and driest weather conditions. The products are made with natural ingredients such as caffeine, vitamin C, Hyaluronic Acid and Pro-Vitamin B5, which work together to protect and rejuvenate your skin.

1) Coffee Face Wash

Deeply cleanses to get you GLOWING! Wake up and choose fresh and glowing skin every morning with the Coffee Face Wash. A combination of Coffee, Caffeine and other natural ingredients, this face wash will leave your skin refreshed and cleansed after every use. Ideal for all skin types, this face cleanser will keep your skin hydrated for 24 hours and get you #AddictedToGood.

USP: Deeply Cleanses | Removes Oil & Dirt | Hydrates

2) Vitamin C & Green Tea Face Serum with Hyaluronic Acid

100% of subjects had significant improvement in skin hydration for up to 72 hours after using the Green Tea Face Serum. The serum boosts skin with hydration, is rich in antioxidants, and also provides sun damage protection. Packed with calming & caffeinated Green Tea, the potion gets you addicted to hydrated and plump skin.

USP: 72 Hours Hydration | Protects from Sun Damage

3) Coffee Oil-Free Face Moisturizer

Get hooked on the daily dose for oil-free hydration with Coffee Face Moisturizer! It provides 48 hours of moisturization. It is packed with skin- friendly ingredients like Coffee, Hyaluronic Acid and Pro-Vitamin B5, which control excess oil by maintaining skin hydration.

USP: Oil-Free hydration | Plumps Skin

4) Coffee Lip Balm

Flaunt a ‘balmbastic’ look with the Coffee Lip Balm that moisturizes chapped lips, nourishes and smoothens, and reduces pigmentation. The perfect balmy texture melts on the lips and provides long-lasting moisture, while its delicious Coffee aroma with base notes of fresh butter leaves you with lips you can’t resist! Suitable for all skin types, the Coffee Lip Balm is free from beeswax, making it 100% vegan and cruelty free.

USP: Moisturizes chapped lips | Nourishes & Smoothens | Reduces pigmentation

5) Coffee Under Eye Cream

Tackle dark circles, fine lines and under eye puffiness* with the power of Coffee ‘rolled’ into this new and upgraded packaging. Coffee Under Eye Cream is created with the goodness of Coffee, Caffeine, White Water Lily &Vitamin E, to diminish all your under eye problems. This new in-built roller helps massage the cream on the delicate under eye area. It also boosts circulation and helps the product absorb better, leaving the under eye skin fresh and glowing.

USP: Relieves Dark Circles | Hydrates | Recovers Sun Damage

6) Green Tea Sunscreen SPF

A mattifying, water resistant sunscreen that offers a hydrating broad-spectrum sun protection for 12 hours, is photostable, and leaves no white cast! Green Tea Sunscreen SPF 50 PA++++ is crafted with UV filters to protect skin from harmful UVA & UVB sun rays. Its lightweight formula absorbs quickly to provide long lasting protection. Antioxidant-rich Green Tea and Caffeine in this sunscreen protects skin from UV damage, prevents premature aging, fights free radicals, and refreshes the skin, infusing it with a lasting glow. Niacinamide in it also helps fade dark spots and blemishes, while the Hyaluronic Acid retains and holds the moisture in the skin, giving it a healthy, plump look.

USP: Sun Protection | Repairs UV Damage | Prevents Tan

In summary, mCaffeine’s summer skincare range has everything you need to keep your skin healthy and glowing all summer long. With their effective and natural products, you can say goodbye to dryness and hello to beautiful, radiant skin.