Dailynews

by Shrutee K   Despite global headwinds and increased risk exposure Indian enterprises take efficient steps leading to improved scores Mumbai, April 25 th , 2023:  Despite facing challenges such as tightening global monetary policies, rising inflation, slowing global growth, and elevated commodity prices, the Indian government and corporates have demonstrated resilience by employing efficient risk management strategies.  This is reflected in the 3rdedition of the Corporate India Risk Index (CIRI) 2022, a proprietary study conducted by ICICI Lombard in collaboration withFrost and Sullivan, which shows a rise in the risk index score from 62 in 2021 to 63 in 2022. ICICI Lombard India’s leading private general insurer has been a pioneer and thought leader in creating first-of-its-kind risk index for India Inc and India Risk Management Awards (IRMA), a property for recognising organisations for their risk governance practices. ICICI Lombard’s CIRI 2022 comprises 32 risk elements across 6 br

by Shrutee K SAKSHAM, 2023 is an important annual national campaign initiated by the Ministry of Petroleum and Natural Gas and will continue with the tagline “Energy Conservation Towards ‘Net Zero’ from 24 April to 8 May 2023 We are the citizen of an independent country, enjoying freedom for years, responsible enough to make the country ‘Sujalam Sufalam’, (rich and content in every aspect), said Ravindra Chavan, Minister of Food, Civil Supplies, and Consumer Protection of Maharashtra addressing the inaugural function of ‘SAKSHAM, 2023’ at Mumbai on Monday. SAKSHAM, 2023 is an important annual national campaign initiated by the Ministry of Petroleum and Natural Gas and will continue with the tagline “Energy Conservation Towards ‘Net Zero’ from 24 April to 8 May 2023. Our country is moving towards the development path and challenges are the biggest hurdles, it’s important to identify these problems as they vary from generation to generation and thus working together with the environment

by Shrutee K   Mumbai, April 24, 2023  – Specialty chemicals company LANXESS and private equity investor Advent International (“Advent”) have completed the formation of their engineering materials joint venture effective April 1, 2023. The new joint venture is the result of the combination of DSM’s Engineering Materials business and LANXESS’s former High Performance Materials business. LANXESS holds about 40 percent of the joint venture, Advent about 60 percent. LANXESS also received a cash payment of around EUR 1.3 billion on March 31. LANXESS is using this mainly to reduce its debt and thus to strengthen its balance sheet.    As financial support for the joint venture, LANXESS will be providing a loan of EUR 200 million. LANXESS is a leading specialty chemicals company with sales of EUR 8.1 billion in 2022. The company currently has about 13,100 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of   chemical intermediates, additiv

by Shrutee K World’s first AI automated ATM Security software application further aims to expand coverage Mumbai, 21 April 2023:  CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, has now secured 30% ATMs across India through its proprietary award-winning security application ‘ALGO OTC’. This application helps banks implement RBI guidelines on OTC Lock Activation to ensure the mitigation of risks during ATM operations and enhancing security. Launched in 2019, ALGO OTC is the world's first fully automated, Artificial Intelligence powered and mobility-based ATM security software application. ALGO OTC is equipped with first-ever Geo fencing and GPS-enabled user face recognition which helps in reducing risks and fraud during cash replenishment cycle at ATMs across India.  Integrated with maker–checker approval, ALGO OTC can be used by any Bank or Vault for cash replenishment, FLM, SLM and Vault-related activities. Th

by Shrutee K 20 th  April, 2023 Mumbai : The Maharashtra Housing and Area Development Authority (MHADA) has teamed up with Chadha Developers & Promoters (CDP) to launch the second phase of their public-private partnership project – “Chadha Residency” in Karav village, Vangani West, Near Badlapur. The project, worth Rs 200 crore investment, covers 80 acres and has 133 towers. The second phase of the project includes 1114 1BHK flats available in a lottery for Rs 11,99,000. In addition, there is a scheme under the Pradhan Mantri Awaas Yojna (PMAY) benefitting the Labour Scheme (Kamgar Yojna), priced at  Rs 9,99,000.  The lottery has already begun and will close on April 28, 2023. The realtor has promised possession of the flats in 2024-25. The first phase of the project was launched in 2021 and had a successful sale of 3000 flats. The second phase is expected to generate equal or better response, given the attractive prices and location. Commenting on the announcement, Dimple Chadha,

 by Shrutee K Unveils New Art Association Announces Upgraded & Enhanced Facilities For Patients Mumbai, April, 2023 : In a first of its kind initiative, Holy Family was the first private charitable trust hospital to partner with the Brihanmumbai Municipal Corporation to run entirely free of cost, a Covid Care Isolation Center at Khar, Mumbai during the outbreak of the pandemic.  Holy Family Hospital  went on to become the largest non-governmental Covid Care hospital in Mumbai with a peak time capacity of more than 170 Covid bed strength including 28 ICU beds. As the country navigated through a pandemic, doctors, nurses and support service staff cemented their position as the foremost champions to keep us safe during these difficult times. Hence to pay a tribute to the COVID-19 warriors, Holy Family Hospital unveiled an art installation centered around ‘Hope & Care’. In the presence of His Eminence Cardinal Oswald Gracias, Archbishop of Bombay, Sr. Vandana, Superior General, Con

  by Shrutee K   ●       HRX’s first store in Mumbai is spread across over 2600 sq ft ●       It will offer over 500 options across, Training, Running, Yoga, Athleisure, and the brand’s premium selection, Edge and Icon footwear collection, at an attractive ASP of ₹1600 ●       The store will showcase collection that has been co-created in close collaboration with Hrithik Roshan Mumbai, April 14, 2023: Indian Actor and fitness enthusiast Hrithik Roshan unveiled his fitness brand HRX's first store in Mumbai today. HRX is India's first homegrown fitness brand, jointly owned by Hrithik Roshan and Exceed Entertainment. The Mumbai store is the city's first standalone store spread over 2600 sq ft of real estate in Mumbai's Phoenix Market City in Kurla. It has over 500 SKUs across Apparel, Footwear, Accessories, Fitness Equipment, Audio, Nutrition, and Personal Care selections for shoppers. The popular segments that HRX operates in include T-Shirts, Track Pants, Jackets,

by Shrutee K Mumbai, April 10, 2023:  Godrej Properties Limited (GPL) (BSE scrip id: GODREJPROP), a leading national real estate developer, announced key updates for Q4 and FY23. GPL’s highest ever quarterly and annual sales -   Q4 FY23 bookings to INR 4,051 Crore and FY 23 booking value grew by 56% to 12,232 crore.   Sales volumes for the quarter grew by 19% QoQ in area terms from 4.42 million sq. ft. to 5.25 million sq. ft.   Sales volumes for the full financial year grew by 40% in area terms from 10.84 million sq. ft. to 15.21 million sq. ft.  GPL’s Cash Collections for FY23 grew 41% to INR 8,991   Crore. Q4 FY23 collections stood at INR 3,822 Crore representing QoQ growth of 127% and YoY growth of 52%.   GPL’s highest ever quarterly and annual project deliveries -   Delivered projects aggregating over 10 million sq. ft. across 5 cities in FY23 including 7.6 million sq. ft. in Q4.    GPL’s best ever year for business development-   Added 18 new projects in FY23   with a total estima

by Shrutee K Mumbai:  Karnatak Sporting Association (KSA) inspired by the excellent bowling performance from Rakesh Prabhu and the solid batting by Shaun Rodrigues who cracked an unbeaten half century went onto register a commanding 7-wicket win against host MIG Cricket Club in the final of the Padmakar Talim Shield cricket final, played at the MIG CC ground, Bandra. Choosing to field first, Karnatak SA’s Prabhu bowled superbly and claimed for wickets for just 24 runs and his efforts was instrumental in MIG CC innings folding for a measly 126 all out in 17 overs. Kaushal Valsankar 31 runs and Varun Lavande 28 runs were the only two batsmen who managed to stay long in the middle. In response, Karnatak SA batsmen looked to be control and although they lost three wickets to managed to cruise to victory reaching 127 runs in 17,5 overs and to emerge champions. The mainstay of the Karnatak batting was Rodrigues who smashed an 39-ball unbeaten 56-runs, while teammate Gaurish Jadhav played the

by Shrutee K Mumbai, April 10:  Twenty young aspiring teams, including reigning champions Dadar Union Sporting Club and last year’s runners-up New Hind Sporting Club will be playing for the top honours in the John Bright Cricket Club organised MCA Rathod Trophy Under-25 Invitation T20 knockout cricket tournament 2022-2023, which is scheduled to commence at the Police Gymkhana ground from Tuesday, April 11, 2023. The tournament will be inaugurated by Chief Guest Amol Kale, President MCA, at 8.15 am. Guests of Honour Sanjay Naik, Vice-President, MCA Secretary Ajankiya Naik, MCA Joint Secretary, Deepak Patil, MCA Treasurer Arman Mallick and MCA Apex Council members and other dignitaries would also be present at the inauguration function. John Bright CC which has always worked hard to promote and encourage young cricketers from Mumbai has from this year decided to include four more teams in the tournament. In the last edition 16 teams had participated, but from this year 20 teams will be p

by Shrutee K Prior to joining Rose Audio Visuals, Sonnal worked with brands like Colors and Zee TV to produce engaging  fiction content Mumbai, 10 th  April 2023  –   In the new financial year,  Rose Audio Visuals  collaborates with the former Fiction head of Colors  Sonnal A Kakar  who will bring her creative expertise to the company apart from focusing on newer stories, getting unique formats, and widening the network of talent at Rose Audio Visuals. Together, they will produce exciting new shows for leading GEC channels and TV+ catering to a wider audience. Sonnal has an extensive experience of 19 years in the entertainment industry and has had the privilege of working with renowned channels such as Colors and Zee TV. Her 13-year association with Colors was instrumental in the channel's success story, wherein she played a pivotal role in the development of path-breaking shows like Shakti, Udaan, Uttaran, Sasural Simar Ka, Thapki Pyar Ki, Ishq Mein Marjawan, Mahakali, and Shani,

by Shrutee K New Delhi, April 11, 2023:  The particular challenges encountered by developing countries, especially the formidable costs of green transitions, and the need to adhere to the principles of equity in just transition were emphasized by experts at the G20 India second Development Working Group (DWG) side event co-organized by the Ministry of External Affairs, Research and Information System for Developing Countries (RIS) and The Energy and Resources Institute (TERI). Highlighting that a new vision of green development is the need of the hour and that vision is emerging from the Global South, Ms Eenam Gambhir, DWG Co-Chair, in her welcome address said, “To realise a world where growth and sustainability can be next to each other without trade-offs, we need a radically different international enabling environment and policy support system that is adaptive, [which] takes into account the diverse needs of the developing countries, creating financing solutions catering to their ne