Category: Business

New Delhi (India), July 24: CA Arpit Jagdish Kabra, from Mumbai, has been honored with the International Excellence Award 2024 for his significant contributions through forensic auditing. This prestigious award was presented to him at the House of Commons, British Parliament, UK, highlighting the international recognition and impact of his work.

At a young age, Arpit Kabra took on the role of Chairman of the Western India Regional Council (WIRC) of ICAI. His efforts towards the empowerment of women and youth, as well as the projects initiated under his leadership at WIRC, have made him deserving of this honor. Under his leadership, the team at WIRC also created the world record for the largest human mosaic in Mumbai. 

The news of his achievement has brought immense pride to the entire fraternity. His recognition has not only infused new energy into society but has also established his dedication and character as an inspiration for the younger generation. CA Arpit Kabra’s exemplary work has set a new benchmark at both national and international levels, influencing a broad spectrum of people, from common citizens to professional circles. Arpit Kabra has dedicated this achievement to his family and his team at WIRC. He is involved in the popular YouTube podcast Victory Tox, which is aimed at helping MSMEs and entrepreneurs. He also trains young minds through the Instagram channel @arpitkabra25 and the YouTube channel Skills_Arpit. He can be reached through his social media handles.

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Bokaro (Jharkhand) [India], July 24:  Strengthening its footprints in the State of Jharkhand, Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions has inaugurated its 7^th Exclusive showroom in Jharkhand. The showroom in Chas, Bokaro showcases the company’s production, technological and innovation excellence at one place and boasts a lavish display ambiance, featuring creatively enhanced mockups that invite customers to envision the product in a remarkably realistic manner.

• AGL Exclusive Showroom is opened in association with Aastha Earth Enterprises; 7^th Showroom in Jharkhand

• The 1,600 sq. ft. showroom will showcase all kind of Premium Tiles including Big format tiles – Marblex and Stylex, Specialised Tiles – Hi-Tech Tuffguard and Eco Blanco, Grandura plus and decorative wall tiles collection.

The showroom was inaugurated by Honorable Chief Guest, Sri Kumar Jaimangal Alias (Anup Singh), MLA -Bermo, Jharkhand, Mr. Manish Singh (DGM) Sales & Marketing – East 1, Asian Granito India Ltd in the presence of Mr. Manish Kumar (RSM-Sales & Marketing-Jharkhand), dignitaries of the city and esteemed guests on 22 July 2024. Located at Talgaria More, Opp Shiv Mandir, Chas, Bokaro – 827013 (Jharkhand) AGL Exclusive Showroom is opened in association with Aastha Earth Enterprises owned by Mr. Roshan Singh.

Spread across the area of 1600 sq ft, this will be one of the most advanced display showroom in the state of Jharkhand and will showcase all kind of Premium Tiles that includes Big format tiles – Marblex and Stylex, Specialised Tiles – Hi-Tech Tuffguard and Eco Blanco, Grandura plus and decorative wall tiles collection.

Speaking on this occasion, Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “Our seventh showroom in Jharkhand, the AGL Exclusive Showroom, offers an unmatched shopping experience with our newest tile collection. Customers will be able to discover a comprehensive range of premium tiles—all under one roof at the showroom. Explore trendy designs in a contemporary setting, ideal for corporate clients, architects, interior designers, trade partners and customers who are looking to build or renovate their homes.”

In a strategic move to elevate its brand, the company has signed Bollywood superstar Ranbir Kapoor as its brand ambassador and launched the “Premium ka Pappa” campaign. This partnership underscores the brand’s dedication to excellence and promises an exciting future. With Kapoor’s endorsement, the brand seeks to expand its reach, particularly among the youth, driving forward its vision of growth and connectivity. It also aims to resonate with consumers’ aspirations and emotions, establishing a strong connection with both trade partners and customers through its emphasis on premium experiences and sophisticated appeal.

As a young and fastest-growing brand, Asian Granito India Ltd continues to push boundaries with its innovative and rich collection of products and is committed to staying ahead of the curve. With Ranbir Kapoor on board, the brand aims to further elevate its presence in the market and connect with a wider audience, especially the youth segment.

In a short span of two decades, Asian Granito India Ltd has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 11 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.

Asian Granito has 2,942 plus SKUs on offer in Tiles segment, 1,100 plus SKUs in Bathware and faucets and 126 plus SKUs in Engineered Marble and Quartz Stone. Over the years, the company has invested heavily in expanding production capabilities, product portfolio, distribution network and global reach. This dedication has propelled it on a path of continuous growth, positioning the company among the leading ceramic tiles companies in India and an emerging brand in the global markets. 

About Asian Granito India Limited

Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4^th largest listed ceramic tile company in India with employee strength of 6,000 plus.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 235 plus exclusive franchisee showrooms, 12 company owned display centers across India. Further, the Company has an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1530.6 crore in FY 2024. (For more information, please visit: www.aglasiangranito.com)

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Solapur (Maharashtra) [India] July 24 : Code World Infotech Pvt Ltd, a leading IT services provider in Solapur, has made a significant stride in the Indian business landscape with the launch of its groundbreaking cloud-based bookkeeping and accounting software, ZARP. This innovative product promises to streamline financial operations for businesses of all sizes.

Founded in 2016 by Sagarr Dudhankar and Abhishek Lomte, Code World Infotech has established a strong foothold in the IT industry, delivering over 80 successful projects for a clientele of more than 70. The company’s transition to a product-centric model is marked by the development of ZARP, a testament to its commitment to providing cutting-edge solutions.

ZARP is designed to revolutionize the way businesses manage their finances. With a focus on speed and efficiency, the software offers a comprehensive suite of features tailored to the Indian accounting landscape. From managing inventory and customers to generating detailed reports, ZARP provides a holistic solution for businesses of all sizes.

Key features of ZARP include a user-friendly dashboard, robust inventory management capabilities, efficient customer relationship management tools, automated payment reminders, and seamless bank and account reconciliation. The software also excels in managing the entire sales and purchase cycle, including estimates, invoices, and purchase orders.

To ensure data security and control, ZARP incorporates user role management features. Additionally, the software provides a wide range of standard reports, including profit and loss statements and balance sheets, to offer businesses valuable financial insights.

By targeting a diverse audience, including SMEs, freelancers, startups, accounting firms, and various industry sectors, Code World Infotech aims to make ZARP a ubiquitous tool in the Indian business ecosystem. The company’s deep understanding of the local market and its commitment to innovation have culminated in the development of a product that addresses the specific needs of Indian businesses.

“We are incredibly proud to launch ZARP,” said Sagarr Dudhankar, Founder of Code World Infotech. “Our goal is to empower businesses with a tool that simplifies their financial management and drives growth. ZARP represents a significant milestone for our company and a step forward for the Indian accounting industry. We are also actively seeking funding and investment to expand ZARP across PAN India, enabling more businesses to benefit from our innovative solution.”

As Code World Infotech continues to expand its product portfolio, ZARP is poised to become a leading player in the Indian bookkeeping and accounting software market. The company’s commitment to delivering exceptional IT solutions, coupled with the innovative capabilities of ZARP, positions it for sustained growth and success.

About Code World Infotech Pvt Ltd

Code World Infotech Pvt Ltd is a Solapur-based IT company offering a comprehensive range of services, including website development, software development, mobile app development, digital marketing, and ERP solutions. With a focus on innovation and customer satisfaction, the company has established a strong reputation as a trusted partner for businesses seeking cutting-edge IT solutions.

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Pune (Maharashtra) [India] July 23 : Effingut, In response to the increasing demand for excellent craft brews in convenient packaging, Effingut, a pioneering name in India’s craft brewing sector, is pleased to announce the introduction of its signature craft beers in cans. Since its founding more than ten years ago by Mr. Manu Gulati, Effingut has grown from a small brewpub in KP, Pune, to a national presence with a total of 11 outlets, which includes 4 brewpubs, 2 bistros, and 5 E2Go locations—all of which are well-known for their dedication to brewing excellence and innovation. 

Effingut’s move into canned craft beers aligns with their vision to establish craft beer as a staple for every occasion, combining the convenience of cans with the exceptional taste and quality that define the Effingut experience. Each can embodies the essence of Effingut’s true craftsmanship, ensuring that every sip delivers the same unparalleled style enjoyed at their brewpubs. Effingut’s Bavarian Wheat Beer and inCider Ale Kashmiri Apple will be available soon in 500-ml cans across Pune and Mumbai, inviting beer enthusiasts to savour the taste of legendary craft brews in a new, convenient format. 

“At Effingut, our journey has always been about crafting legendary beers that reflect our passion for quality and the joy of brewing true craft,” shares Mr. Manu Gulati, Founder of Effingut. “The introduction of our true craft beers in cans marks a legendary milestone in our mission to make exceptional craft beer accessible to all.”

With a repertoire boasting over 230 distinct beer styles, Effingut has captivated craft beer enthusiasts across India with its commitment to using only the finest ingredients and traditional brewing techniques. Following the success of their brewpubs and bistros, Effingut introduced E2Go growler stations, bringing the Effin Good craft beer experience directly to consumers.

“With the introduction of our craft beers in cans, we can proudly say that we have come an extraordinary way, ” adds Mr. Gulati. In addition, we look forward to unveiling two more exciting styles in the near future, further enriching our offerings and delighting our customers.”

“We believe in offering something for everyone,” adds Mr. Gulati. “By expanding into cans, we’re not only broadening our reach but also ensuring that our beers can be enjoyed wherever and whenever our customers choose.”

Effingut’s launch of beer cans marks a significant step in their journey to redefine the craft beer landscape, with the aim of becoming a pioneer in India for introducing craft beers in cans.

For more information on Effingut and their craft beer offerings, visit : https://www.effingut.com/

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Bangalore (Karnataka) [India] July 23 : The city witnessed the launch of “Truth About Honesty,” a remarkable new book by acclaimed Behavioural Economist and Author Janu Goswami. This profound work delves deep into the essential role that honesty plays in fostering societal harmony, offering readers a detailed exploration of personal integrity and societal principles.

Janu Goswami skilfully blends careful research with engaging stories to examine the delicate balance between truth and self-interest in modern society. His sharp eye for detail and firm commitment to truth guide readers on a thought-provoking journey of self-discovery and personal growth. 

The book’s insightful commentary sheds light on the timeless value of honesty in navigating life’s challenges, providing ageless wisdom and profound observations along the way.

“Honesty is a complex subject. For people to be as honest as possible, we need to implement behavioural changes, and it has to start with us, beginning right in our own homes. Incentivizing honest behaviour is a significant step toward bringing about this change. This is where behavioural economics also comes into play,” said Janu Goswami during the launch of “Truth About Honesty.”

Readers of “Truth About Honesty” will find themselves immersed in a narrative that provides significant insights into integrity, societal ideals, and the perpetual pursuit of truth in an ever-changing world. Goswami’s smart insights guide us, showing that honesty is more than just a good quality—it is a key foundation for personal growth and improving society.

This fascinating book, now available on Amazon, will make readers think differently and deeply. By reading it, readers can start a journey that builds honesty and self-awareness.

Born and raised in a rural village in Assam, Janu Goswami, a former economic analyst at the World Bank, who now supports the research division of a global real estate firm, is rapidly gaining recognition in literary circles, thanks to his eloquent, and thought provoking writing. 

“I’ve always been fascinated by philosophy, history, and human behaviour. This curiosity drives my writing and helps me explore deeper truths about our society,” said Janu Goswami, whose previous works include “Blue and Grey,” co-authored with another writer.

As a thought leader in both economics and literature, Goswami, who transforms into a coder, and poet during his spare time, and is an avid football and Eminem fan, continues to influence and inspire through his work. 

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“The future of startups is bright, driven by relentless innovation and boundless entrepreneurial spirit.” –  Partho Dasgupta

New Delhi (India) July 23 : India’s startup landscape has experienced a remarkable transformation in recent years, emerging as one of the most vibrant and dynamic ecosystems globally. From humble beginnings just a decade ago, the country now boasts over 1.17 lakh (117,254) officially recognized startups as of December 2023, a staggering increase from just 450 startups in 2016. This exponential growth has been driven by a combination of government support, access to capital, a growing talent pool, and a thriving entrepreneurial culture. 

Despite facing setbacks and funding challenges, India’s startups are charting new paths, embracing innovation and resilience to solidify their position as global contenders. The Indian startup ecosystem, often celebrated for its rapid growth and innovation, has encountered significant turbulence in recent times. Let’s explore the ups and downs of Indian startups with Partho Dasgupta, former CEO of BARC India and currently Managing Partner at Thoth Advisors

The Setbacks: Failures and Slowdowns

The Indian startup landscape has seen its fair share of high-profile failures and slowdowns. Notably, the Edtech and health tech segments, which experienced exponential growth during the pandemic, have faced severe financial uncertainties. Prominent players like BYJU’S and PharmEasy have seen their valuations plummet by 85-90 percent, signaling a harsh market correction. The financial instability led to the shuttering of several firms and widespread layoffs.

Indian startups have laid off approximately 10,000 employees in 2024 as they navigate funding challenges and adopt prudent hiring strategies to enhance early-stage profitability. In the first half of 2024, layoffs were fewer compared to the preceding six months of 2023, during which around 15,000 employees were let go. This marks a decrease from the first half of 2023, which saw 21,000 job losses, according to data from Longhouse Consulting.

Partho Dasgupta says “These developments underscore the challenges that come with rapid expansion and the volatile nature of startup investments. While layoffs may reduce costs short-term, they can harm startups long-term by decreasing product quality and stifling innovation as remaining staff face burnout and lost talent.” Startups should be cautious with layoffs as a cost-cutting tool, as it can undermine their foundations. Sustainable growth comes from investing in people and finding creative solutions to challenges without widespread job cuts.” He adds.

Attracting New Funding in 2024

Despite these setbacks, the Indian startup ecosystem has shown remarkable resilience by continuing to attract new funding in 2024. Venture capital firm Antler announced plans to invest $10 million in early-stage Indian startups over the next six months. This initiative, targets idea-stage founders with investments of $500,000 per company, totaling 20 investments. This $10 million investment is part of the $75 million that Antler committed for India, reflecting continued confidence in the potential of Indian startups.

This influx of new funding indicates that investors still see significant opportunities in the Indian market. The focus on early-stage startups suggests a strategic shift towards nurturing new ideas and fostering innovation from the ground up, rather than solely relying on scaling established players. This approach could mitigate some of the risks associated with overvaluations and ensure a more sustainable growth trajectory.

“Rather than chasing ever-increasing valuations, startups in India should focus on securing steady cash flows. It’s crucial for both B2B and B2C businesses to build annuity revenue streams into their models instead of constantly seeking new clients each year. Sustainable growth comes from consistent, recurring income, which is far more reliable than the allure of high valuations.”  States Partho Dasgupta.

A Bright Future Amid Letdowns

The Indian startup ecosystem has demonstrated remarkable resilience in the face of recent economic challenges, emerging as a beacon of innovation and growth amidst global uncertainty.

Despite the funding slowdown that has gripped the startup world, the Indian ecosystem has continued to attract significant investments. According to a report by Tracxn, Indian startups raised a total of $44 million in funding during the first quarter of 2024, showcasing their ability to navigate the so-called “funding winter.”

This resilience is further underscored by the fact that India has now cemented its position as the third-largest startup ecosystem globally, with over 1.23 lakh (123,000) startups as of March 2024. This impressive figure represents a 5% increase from the previous year, underscoring the ecosystem’s ability to thrive even in the face of adversity.

“The pandemic served as a crucial stress test for Indian startups, and they emerged stronger, more agile, and better equipped to handle economic volatility. Many startups pivoted their business models, embraced digital transformation, and found innovative ways to serve their customers, ultimately enhancing their long-term resilience.” Says Partho Dasgupta.

While the funding landscape has undoubtedly become more challenging, a new breed of “silent, resilient startups” has quietly secured investments and laid the foundation for sustainable growth. These startups have prioritized profitability, operational efficiency, and building robust business models, rather than chasing inflated valuations.

The resilience of the Indian startup ecosystem is a testament to the entrepreneurial spirit and risk-taking nature of its founders. As the landscape continues to evolve, this ecosystem remains a hotbed of innovation, attracting young, ambitious entrepreneur’s eager to disrupt established markets and create lasting value.

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New Delhi (India), July 23: Located in the vibrant Sector 22 of Gurgaon, Ambience Creacions beckons with its promise of unparalleled luxury and urban convenience. Spread over a sprawling 15 acres of lush greenery, this prestigious residential enclave by Ambience Group stands as a testament to superior craftsmanship and modern living. Ambience Group Promoter says, “Ambience Creacions has envisioned a lifestyle that combines sophistication with practicality, ensuring every resident experiences the epitome of luxury.”

Unmatched Infrastructure and Design

Boasting 20 majestic towers soaring up to G+18 floors, Ambience Creacions offers a variety of living spaces including 2, 3 & 4 BHK apartments and penthouses. Each home is meticulously crafted to offer panoramic views and ample natural light, creating a serene sanctuary amidst the bustling city. Ambience Group Promoter emphasizes, “Our design philosophy focuses on blending aesthetic appeal with functional efficiency, providing residents with homes that elevate their lifestyle.”

Modern Amenities for a Refined Lifestyle

Residents indulge in a wealth of amenities designed to cater to every need. From a state-of-the-art clubhouse and air-conditioned condominiums to hydraulically pressurized water systems ensuring uninterrupted supply, Ambience Creacions sets a new standard in luxury living. Ambience Group Promoter asserts, “We prioritize the comfort and convenience of our residents, offering amenities that enrich their everyday life.”

Strategic Location with Unparalleled Connectivity

Situated just 2 km from NH-8, Ambience Creacions ensures seamless connectivity to Delhi and the wider NCR region. With rapid metro access nearby and proximity to Colombia Asia Hospital and major roadways like Old Delhi-Gurgaon Road, residents enjoy effortless commuting and access to essential services. According to Ambience Group Promoter, “The strategic location of Ambience Creacions enhances both convenience and value, making it an ideal choice for discerning homeowners.”

Proximity to Lifestyle Destinations

Enjoy the luxury of proximity with Ambience Mall and the prestigious Leela Ambience Hotel just a stone’s throw away. These world-class destinations offer unparalleled shopping, dining, and entertainment options, ensuring a vibrant and fulfilling lifestyle for residents. Ambience Group Promoter highlight, “Ambience Creacions not only offers luxurious homes but also a neighbourhood enriched with premium lifestyle amenities.”

Exceptional Investment Opportunity

“Ambience Creacions presents a compelling opportunity for both homeowners and investors alike,” states Ambience Group Promoter. Nestled in the rapidly developing Sector 22 of Gurgaon, this luxurious residential project not only promises a high standard of living but also offers robust potential for property appreciation. With property prices in Gurgaon on the rise and possessions about to commence, now is an opportune moment to secure your investment in a property renowned for its quality, amenities, and strategic location. Whether you are looking to own a home or diversify your investment portfolio, Ambience Creacions stands as a solid choice in the competitive real estate market of the NCR. “Step into a realm where luxury meets convenience and redefine your lifestyle at Ambience Creacions,” invites Ambience Group Promoter.

Your Gateway to Better Living

With the domestic and international airports just a few minutes away, Ambience Creacions provides unmatched accessibility for frequent travellers. Whether you seek a serene retreat or a vibrant urban experience, this gated community caters to every aspect of modern living. Ambience Group Promoter concludes, “Investing in Ambience Creacions is more than owning a home; it’s embracing a lifestyle defined by luxury, convenience, and unparalleled connectivity.”

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