Category: Business

Highlights:

● Three leaders recognized among Top 100 Managers
● This is the company’s 6th consecutive year of triumph at the Great Manager Awards

New Delhi [India], December 18: SMFG India Credit and SMFG Grihashakti have featured amongst the list of Top 50 Companies with Great Managers 2024. Both companies were also felicitated with the title ‘Companies with Great Managers™ 2024’. This recognition marks the company’s sixth consecutive win at the Great Manager Awards, an initiative of People Business.

Three leaders have been recognized among the Top 100 Managers, namely Mr. Navin Sethi, Mr.Krishnakumar R from SMFG India Credit and Mr. Sai Sasanka Batchu from SMFG Grihashakti. These leaders have been chosen from a pool of over 7,000 managers, cutting across industries and sectors. Commenting on the recognition, Mr. Gaurav Terdal, Chief Human Resources Officer, SMFG India Credit, said, “This is our sixth consecutive win at the Great Manager Awards. Such recognitions validate our strategic approach to talent development and underscore our position as a forward-thinking financial services organization committed to excellence at every level. These achievements are a testament to our unwavering commitment to leadership excellence.”

About SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.), a leading NBFC – Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly owned subsidiary of SMFG, has been operating in India since 2007. Together with its subsidiary, SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.) also known as SMFG Grihashakti, the company has established a pan-India presence, across 670+ towns and 70,000+ villages through 1000 branches and 25,000+ employees offering lending products to underserved & unserved retail and small business borrowers. By doing so, it has introduced people to formal credit. SMFG India Credit along with SMFG Grihashakti offers a comprehensive range of lending solutions, including SME financing, commercial vehicle and two-wheeler loans, home loans, home improvement loans, loans against property and shares, personal loans, and rural livelihood advancement loans etc.

About Sumitomo Mitsui Financial Group (SMFG)
SMFG is one of the largest global banking and financial service groups, offering a diverse range of financial services including commercial banking, leasing, securities and consumer finance and is headquartered in Japan. SMFG is listed on the Tokyo and New York (via ADR) Stock Exchanges and has a market capitalization of approximately US$77.5 billion (as of 29th March 2024). SMFG is one of the
global systemically important banks (G-SIBs) and has high credit ratings of A1 by Moody’s Investors Service and A- by Standard & Poor’s.

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Lucknow (Uttar Pradesh) [India], December 18: Precision Grow (A Unit of Tech Visit IT Pvt Ltd) announces its participation with the revolutionary IoT device ‘eCrop’ in the highly anticipated Uttar Pradesh AGRO Pradarshani 2024, organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Proudly serving as the Technology Partner of the event, Precision Grow is committed to driving innovation and modernization in India’s agricultural landscape.

The eCrop device will be officially launched by Shri Brajesh Pathak, Hon’ble Deputy Chief Minister of Uttar Pradesh.

Bhimji Patni, Director of Tech Visit IT Pvt Ltd, had the honor of welcoming Shri Brajesh Pathak, setting the stage for the launch of this revolutionary technology at the event.

Empowering Agriculture Through Precision and Innovation

As agriculture continues to be a cornerstone of India’s economy, Precision Grow is dedicated to transforming traditional farming practices with advanced precision farming technologies and innovative tools. By bridging the gap between technology and agriculture, the company seeks to empower farmers, entrepreneurs, and stakeholders to achieve higher productivity, sustainability, and economic growth.

Key Highlights of the Event

• Focus Areas: AGRO Trade, AGRO Financing, Sustainability, Value Chains, Technical Innovation, and more.
• Exhibitor Profile: Precision Grow will display its expertise in Artificial Intelligence in Farming, Precise Use of Fertilizers, Weather Prediction, Pest and Disease Management, Satellite Monitoring, which align with the event’s mission of modernizing agriculture.

Precision Grow: Your Trusted Technology Partner

As the official Technology Partner of Uttar Pradesh AGRO Pradarshani, Precision Grow will showcase:

• AI-powered tools to help farmers monitor crops, soil, and water usage in real-time.
• Accurate soil analysis of the field to make optimum use of fertilizers.
• Innovative solutions for sustainable farming practices and hybrid farming techniques.
• Timely weather forecasting to protect farmers from losses.
• Early Pest and Disease detection to ensure the healthy growth of the crop.

About Uttar Pradesh AGRO Pradarshani

The event, held from 18-20 December 2024 at the Indira Gandhi Pratishthan, Lucknow, aims to:

• Serve as a national platform for stakeholders in the agricultural sector to network and exchange ideas.
• Showcase the latest advancements in agricultural technology, infrastructure, and sustainable farming.
• Promote agro-entrepreneurship, technological adoption, and investment opportunities to boost Uttar Pradesh’s journey towards becoming a trillion-dollar economy.

Why Visit the Precision Grow Pavilion?

• Discover how technology-driven solutions can revolutionize your farming practices.
• Learn about sustainable farming methods to improve productivity and profitability.
• Engage with experts to understand how Precision Grow can help farmers transition into high-value agricultural commodities like horticulture, floriculture, and hydroponics.

Join Us at Uttar Pradesh AGRO Pradarshani

We invite you to explore the future of farming with Precision Grow at the Uttar Pradesh AGRO Pradarshani from 18-20 December 2024. Let’s work together to shape a sustainable and prosperous agricultural sector in India.

For more information, visit our website at www.precisiongrow.co.in or contact us at Mail@precisiongrow.co.in

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New Delhi [India], December 18: AS-IT-IS Nutrition, one of India’s fastest-growing sports nutrition brands, has unveiled its latest campaign for the ATOM range of products, featuring Ravindra Jadeja, the world’s best all-rounder. The campaign, centered around the inspiring theme “Legends paida nahi hote, mehnat se banaye jaate hain”, celebrates relentless effort and perseverance as the pathway to greatness. The ATOM range by AS-IT-IS Nutrition is designed to meet the demands of high-performing athletes and fitness enthusiasts, offering products that combine authenticity with cutting-edge innovation.

AS-IT-IS Nutrition, currently India’s 3rd largest sports nutrition player, is on a strong growth trajectory. The brand is expected to close 2025 with Rs. 300 crore GMV, and with its consistent efforts in delivering quality, is poised to achieve Rs. 1,000 crore GMV in the next 3-4 years.

Expressing his pride in associating with the brand, Ravindra Jadeja said, “I believe greatness comes from consistent hard work, discipline, and never giving up on your dreams. AS-IT-IS Nutrition shares the same passion for excellence, and their ATOM range reflects that commitment. I am proud to be part of this campaign, encouraging everyone to strive for their best.”

Speaking on the brand’s growth, Arvind Jain, Co-Founder, AS-IT-IS Nutrition, said, “Our journey from being a homegrown brand to becoming India’s 3rd largest sports nutrition player reflects our commitment to quality, authenticity, and innovation. Collaborating with Ravindra Jadeja for the ATOM range adds another feather to our cap as we inspire a nation to aim higher and achieve more.”

Himmath Jain, Co-Founder, AS-IT-IS Nutrition, shared, “AS-IT-IS Nutrition has always believed in empowering athletes and fitness enthusiasts with superior products. The ATOM range embodies our commitment to excellence, just as Ravindra Jadeja epitomizes the spirit of hard work and perseverance. With the incredible response to our products, we’re confident in achieving our vision of Rs. 1,000 crore GMV in the near future.”

Pawan Jain, Director, AS-IT-IS Nutrition, added, “Our growth journey is a testament to the trust our customers have placed in us. With the ATOM range and this powerful campaign, we aim to inspire not just fitness enthusiasts but anyone striving for greatness. Ravindra Jadeja’s association reinforces our belief that consistent effort and high standards lead to extraordinary achievements.”

• Campaign Video Instagram Link: https://www.instagram.com/reel/DDeUpAEz0t_/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
• Campaign Video Youtube Link: 
• https://www.youtube.com/watch?v=ddr7GsOmMRo
• For further information, visit: https://asitisnutrition.com

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New Delhi [India], December 18: Pigeon India is excited to announce the opening of its very first pop-up store at Pacific Mall, Tagore Garden, Delhi! This milestone marks an important step in our journey as we continue to expand our presence across India, offering high-quality, reliable products for both mothers and babies.

At Pigeon India, we are driven by our purpose to make the world more baby-friendly by truly understanding and addressing babies’ unique needs. Our products are designed with love and care to support both mothers and babies every step of the way. Our promise is simple: Celebrate babies the way they are. Every product we offer is crafted with this in mind, ensuring that your baby’s comfort, safety, and happiness come first.

In addition to our trusted baby care, we are thrilled to introduce our new Natural Skincare Range. Formulated with the purest ingredients, perfect for your baby’s delicate skin. Designed to be gentle, safe, and effective, this range includes Baby Lotion, Massage Oil enriched with 7 ayurvedic actives, Baby Body Wash, Baby Shampoo that provide nourishing care while keeping your baby’s skin soft and smooth.

Our pop-up store features a curated selection of best-selling products, from baby care essentials to maternity must-haves. As we look toward a future of growth, we’re thrilled to bring our trusted products to new locations across India, with Pacific Mall marking the first of many stores to come.

Visit us today to explore our range and experience the Pigeon India difference – where babies are celebrated, and their needs are always a priority!

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Bhubaneswar (Odisha) [India],December 17:Beneficiation has become a cornerstone of modern mining, particularly in the iron and steel industry. This critical process involves improving the quality of raw iron ore by removing impurities and enriching its iron content, making it suitable for steel production. With the government now working on policies to promote the beneficiation of low-grade iron ore, the industry is set to witness a transformative shift. This initiative will enable the use of previously underutilized resources, paving the way for sustainable growth and reduced dependence on high-grade imports.

For years, low-grade iron ore, with its limited iron content, was considered inefficient for steel manufacturing. However, advancements in technology and a renewed focus on sustainable mining have changed this perspective. The government’s push to formalize beneficiation policies will not only maximize resource utilization but also create new opportunities for the domestic steel sector, which is vital for India’s infrastructure growth.

Sree Metaliks Limited has long recognized the importance of beneficiation in mining and has been a leader in adopting best practices. With cutting-edge technology and a focus on sustainability, the company has successfully transformed low-grade iron ore into high-quality products such as pellets, TMT bars, sponge iron, and pig iron. By optimizing its processes, Sree Metaliks ensures that every resource from its mines is used efficiently, reducing waste and enhancing output quality.

Kaustubh Agarwal, Director of Sree Metaliks, highlights the significance of this approach:
“The beneficiation of low-grade iron ore is essential for sustainable growth in the steel industry. At Sree Metaliks, we have implemented these practices to not only improve resource efficiency but also to contribute to the nation’s steel production goals. This aligns perfectly with the government’s vision of maximizing resource utilization while minimizing environmental impact.”

Sree Metaliks has set a benchmark in the industry by demonstrating how beneficiation can bridge the gap between raw materials and market demands. Its operations, from mining in Odisha to delivering high-quality products, embody the principle of transforming natural resources into value-driven outputs.

As the industry awaits the finalization of government policies, Sree Metaliks continues to lead by example, showcasing the potential of beneficiation to drive sustainable development. By staying ahead of the curve, the company is not only addressing the current challenges of resource utilization but also setting a strong foundation for the future of mining and steel production in India.

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Gurugram (Haryana) [India], December 17: The Festive season is once again proven to be a significant moment for corporate gifting in India. This year, demand for corporate gifts in India, grew by 27% with personalized and meaningful gifts taking the center-stage. Businesses focused on affordable options like multi-brand gift cards, electronics and appliances to connect with employees, clients, and channel partners. Gifting budgets also grew by 17%, with tech-driven solutions becoming more popular for their convenience and variety. The boom in corporate gifting is observed across sectors including BFSI, Manufacturing, Retail, IT & ITES, FMCG, and SMEs.

Amidst these trends, Benepik, a Global Leader in Rewards, Loyalty, and Corporate Gifting, reported a 200% increase in sales during the festive season, successfully catering to over 350+ clients. Setting a new benchmark, Benepik served over 2 lakhs customers during the festive season. With India’s largest gifting catalogue, offering flexible options like gift cards and electronics, Benepik helped businesses stay within budget while gifting the best.

“We’ve always struggled to find a gifting solution that combines variety, quality, and efficiency—until we partnered with Benepik this Diwali. Benepik’s wide range of gift options are impressive, and their execution is flawless. Whether it is a gift card for gen Z or a luxury hamper for a client, Benepik has us covered. The whole process is effortless, and the positive responses from recipients are overwhelming. We’ve found a trusted partner for all our gifting needs.” remarks Sumit Gulati, HR Leader, Smartworld Developers, a renowned Real Estate company

Benepik with features like instant delivery, real-time tracking, and a user-friendly interface, streamlined the gifting process from selection to delivery, enabling businesses to execute their programs effortlessly. “Our goal is to simplify gifting while ensuring it remains meaningful and relevant,” said Saurabh Jain, Founder & CEO of Benepik. “Sustainability emerged as a key focus, with companies prioritizing eco-friendly and responsibly sourced gifting options to reflect their commitment to responsible business practices. Driven by an initiative to support the startup ecosystem, Benepik has collaborated with emerging Indian D2C brands to help them grow and expand their presence in the corporate gifting market.”

Benepik’s Consumer Loyalty solution is gaining significant traction during the festive season as brands are increasingly seeking to boost both customer acquisition and retention. Consumer buying is at its peak during festive season and many brands leverage this to engage with customers through tailored loyalty and rewards programs. The solution enables clients to run customized campaigns to boost sales and collect valuable First Party Data. This helps brands to gain insights into consumer behaviour and drive sales through data-driven suggestions.

As per a recent survey by Benepik, 93% respondents agree that rewards from a brand can influence their buying decision. Quality First Party Data could be crucial in driving repeat purchase and boosting customer retention.

Benepik’s tech-driven solution combined with diverse rewards catalogue continues to set the new benchmarks in the gifting and loyalty industry. Benepik was the first player in the industry to enable Loyalty Points transfer via UPI/Bank Transfer. As per FY 23-24, Benepik is profitable and aiming a revenue of INR 250 Cr for FY 24-25, further solidifying its leadership position in the industry.

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Ahmedabad (Gujarat) [India], December 17: Jindal Worldwide, a leader in textile industry, announced on Monday that its Board of Directors will meet on January 7 to consider issuance of bonus shares.

“A meeting of the Board of Directors of the company will take place on January 7 to consider a proposal for issue of bonus equity shares to equity shareholders of the company,” Jindal Worldwide side in stock exchange filings.

The Board will also consider and approve an increase in the company’s authorised equity share capital to accommodate the issue of bonus shares the same day, it said further.

Jindal Worldwide also announced that the trading window for dealing in its securities will remain closed for “designated personnel” from December 15 until 48 hours of the public announcement of the board meeting’s outcome. The closure complies with Jindal Worldwide’s Code of Conduct for Prevention of Insider Trading and pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

• Shares surged by 10.50% to close at Rs. 426.80 on the BSE on Monday. The company’s market cap stood at Rs. 8,558.2 crore.

• Its consolidated net profit for the quarter ended September 2024 rose by 36% to Rs. 17.33 crore while revenue from operations was up by 45.6% to Rs. 570.80 crore.

Following the announcement, Jindal Worldwide’s shares surged by 10.50% to close at Rs. 426.80 on the BSE on Monday. The company’s market cap stood at Rs. 8,558.2 crore.

The company recently announced robust numbers for the second quarter of financial year 2024-25. Its consolidated net profit for the quarter ended September 2024 rose by 36% to Rs. 17.33 crore while revenue from operations was up by 45.6% to Rs. 570.80 crore. Profit before tax (PBT) grew by 45% to Rs. 23.59 crore, and EBITDA surged by 38.3% to Rs. 48.4 crore.

Jindal Worldwide is a diversified and integrated textile fabrics and shirting manufacturer and one of the world’s largest denim fabric manufacturers. The company is also diversifying into new high-growth business opportunities, beginning with a venture in two-wheeler electronic vehicles.

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