#LatestBusinessUpdates

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HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..

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The Centre for Science and Environment (CSE) has welcomed the notification of Electric Vehicle Policy by the Delhi government to achieve the target of 25 per cent electrification of new vehicle fleet by 2024. Within three years, 25 per cent of all new vehicle registrations will be battery-operated electric vehicles. This is expected to transform the market from the current level of electrification. According to the VAHAN database of the Ministry of Road Transport and Highways, electric vehicles were only 3.2 per cent of the new vehicles registered in Delhi in 2019-20. Anumita Roychowdhury, executive director-research and advocacy, CSE and head of the Centre’s air pollution and sustainable mobility programmes said that “It is commendable that this much-awaited notification has happened despite the ongoing COVID-19 crisis and economic.” The proposed 25 per cent transformation of Delhi’s new vehicle market can catalyse electric vehicle production and bring more product diversity, say CSE experts. State-level action is critical to achieve nation-widescale. The incentive programme designed by the Delhi government is additional to the Central government’salready existing incentive scheme called FAME II. This combination is expected to make the incentives package more attractive in Delhi. CSE’s analysis of the VAHAN database shows that while overall vehicle sales have nosedived during the lockdown period, electric vehicles had plummeted even lower, especially when the country went into a lockdown. Nationally, the registration of electric vehicles dropped by a whopping 93.4 per cent between March and April 2020.

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Gem & Jewellery Export Promotion Council (GJEPC) seeks special assistance For Gems & Jewellery Small Scale Exporters from MSME Ministry. The GJEPC made a representation on the key focus areas pertaining to Gems & Jewellery to the Micro, Small and Medium Enterprises (MSMEs) sector to Shri. Nitin Gadkari, Minister of MSME, Government of India. Through a virtual meet, Colin Shah, GJEPC Chairman and Vipul Shah, Vice Chairman, briefed Shri. Gadkari about the various initiatives proposed and planned by the Council to boost the MSME Exporters from the sector. India is the 5th largest exporter of gem and jewellery in the world with exports accounting for $36.73 billion. It is a labour-intensive industry, employing 37.3 lakh. By facilitating the infrastructure and policy reforms, the industry has the potential to grow its exports to around $70 billion. Colin Shah, Chairman GJEPC said, “Almost 85% (5,931) of the Council members fall under the MSME category, and most of them are involved in the manufacture of handmade gold jewellery, cutting and polishing of diamonds, precious and semi-precious stones and imitation jewellery. The Gems & Jewellery industry is highly labour-intensive and export-oriented, a comprehensive financial package of Rs. 900 Cr has been proposed to Shri Nitin Gadkari. GJEPC has plans to set up a Model Manufacturing Workshop and is focusing on up-gradation of Skill Development Programmes. Introduction of Technology Upgradation Fund (TUF) will benefit the MSME sector by enabling clusters to infuse advanced technology, which, in turn, would augment productivity, reduce costs, improve quality and spur innovation. This will also make MSMEs ready for global competition. The Council also discussed the challenges faced by the MSMEs to get finance and the need for Brand Promotion, showcasing India as one-stop-shop for quality diamonds, gems and jewellery globally. A holistic approach for developing the MSMEs in the sector would help the sector move to the next level of growth.” Colin Shah, Chairman informed the Minister that the MSMEs would benefit through its multiple initiatives comprising Infrastructure Development Projects such as the Mumbai Jewellery Park and Gem Bourse in Jaipur, which would give karigars better working conditions and state-of-the-art facilities. Common Facility Centres have been already set up in four clusters in Gujarat and are running successfully. Some more CFCs are in the process of being established in Coimbatore, Kolkata, Delhi, Rajkot, Jaipur and Hyderabad in the near future. With regard to the challenges in financing faced by the sector, Shri. Gadkari said that under CGTME Rs.1 lakh crore grant is available, and it is a collateral-free loan. This will resolve many problems of the MSME sector. The Ministry is in the process of launching the SME Platform of National Stock Exchange for small- and medium-sized companies with high growth potential. The SME platform of the Exchange shall be open for SMEs whose post issue paid-up capital shall be less than or equal to Rs.25 crore. The Social Banking Finance Institute has been developed by the Ministry to provide small loans to the karigars so that they can buy machines and manufacture or produce from their homes to earn a living. The GJEPC has been the voice of the sector for resolving the challenges related to financing, policy, etc. So far, the Council has conducted 155 seminars or workshops for MSMEs across 11 states and 34 cities.

#GJEPC #MSME #TechnologyUpgradationFund

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Aditya Birla Capital Limited, announced its unaudited financial results for the quarter ended 30th June 2020. The Consolidated Revenue of the Company grew 9% year on year to Rs. 4,293 Crore. The Company, through its subsidiaries, continued its consistent delivery of profit through its diversified business model. The consolidated profit after tax after minority interest grew 1.4 times over Q4 FY20 to Rs. 198 Crore, marked by resilience across businesses. This is after providing an additional Rs. 62 Crore as COVID provisions in its lending businesses in Q1 FY21. With 91% of its branches operational with strict health protocols, the company looked to normalize its operations through Q1 FY21. The Company will continue to monitor developments in the market as lockdowns get lifted. Aggregated2 operating expenses have reduced 10% over the last quarter. Aditya Birla Capital has a diversified portfolio of businesses catering to the lifetime money needs of its customers. This diversification also allows the company to capture opportunities in different segments of the market and deliver consistent growth. The performance highlights of the key subsidiaries of Aditya Birla Capital Ltd. were: Lending: • Overall lending book (NBFC and Housing Finance) stood at Rs. 58,073 Crore • Raised over Rs. 1,500 Crore of long-term funds during the quarter Aditya Birla Capital 91% of overall Aditya Birla Capital branches operational with strict health protocols Consolidated Net Profit at Rs. 198 Crore (grew 1.4 times over previous quarter) Consolidated Revenue: Rs. 4,293 Crore (grew 9% year on year) Aditya Birla Capital Limited: Press Release for the quarter ended 30th June 2020 Page 2/3 NBFC business: • Loan book at Rs. 45,939 Crore; restarted lending with caution during the quarter with a gradual ramp-up of activity, currently 100% branches operational • Maintained Core operating profit with pre-provision operating profit at Rs. 392 Crore, during the quarter Housing Finance business • Loan book at Rs. 12,134 Crore, with 96% retail • Net interest margins expanded by 29 bps to 3.27% over the previous year • Maintained core operating profit with pre-provision operating profit at Rs. 52 Crore Asset Management • Overall closing assets under management grew by 8% to Rs. 2,17,643 Crore from March 20 to June 20 • Closing equity AUM grew by 19% to Rs. 78,017 Crore from March 20 to June 20 • Keeping its continued focus on building retail customer franchise, the retail AAUM grew by 12% over the last quarter; while the SIP AUM increased by 27%, quarter on quarter Life Insurance business • Individual First Year Premium (FYP) grew 5% year on year to Rs. 309 Crore, significantly ahead of industry year on year degrowth of 23% • Consistent improvement in quality with 13th-month persistency by 200 bps, year on year, to 81%, from 79% Health Insurance business • Gross written premium at Rs. 246 Crore; grew 72% over the previous year, ahead of industry growth of 16% for Stand-Alone Health Insurers, with Retail business contributing 73% • Covering 8.9 million lives out of which over 5 million lives covered through micro and byte size products Other businesses • Profit before tax grew 64% year on year to Rs. 41 Crore from Rs. 25 Crore • General Insurance broking profit before tax grew 20% year on year to Rs. 29 Crore drove by technology adoption • ARC platform continues to scale up with AUM at Rs. 2,500+ Crore

#AdityaBirlaCapitalLimited # NonBankingFinancialCompany #ARCPlatform

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It’s an irony of sorts. Enough Orders but not enough Manpower. The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC). Even though the times are tough, the demand for jewellery exports is seeing an upsurge, and that is a huge positive. Similar to every other sector in India, the jewellery industry, too, saw a massive exodus of its workforce amid the nationwide lockdown. GJEPC chairman Colib Shah said-Exporters need to reassure their staff that they will be safe in the factories. Today there is enough work, but not enough manpower. It’s a tricky situation. While they would all like to see the worker attendance number raised, they may have to temper expectations given the situation,” At present, an official government order allows for only 25 per cent of employees to attend work. Rahul Dholakia, Managing Director, Shree Ramakrishna Exports, said his company runs only one shift. While there is good demand for their products mainly from the US and China as well as other destinations, he adds that “they cannot carry out even 50 per cent of the demand as the output is only 25 per cent due to the skeletal staff.” Even skeletal staff in the Customs division, consignments are being dispatched at a slower pace. Each and every worker hailing from Mumbai or Surat has been paid since the lockdown was declared in March. The rest of them, who are unable to come to work, are being paid enough to run their households on a monthly basis. Unfortunately, the world is in the grip of the pandemic and it would be inhuman to pressure the workers to come back to factories. They have to come back willingly.

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The Union Government accords very high priority to the agriculture sector. In order to contribute directly and indirectly to enhance the income of farmers by providing opportunities to them and to provide employment to youth, start-ups are being encouraged. A component, Innovation and Agri-entrepreneurship Development programme has been launched under Rashtriya Krishi Vikas Yojana in order to promote innovation and agripreneurship by providing financial support and nurturing the incubation ecosystem. These start-ups are in various categories such as agro-processing, artificial intelligence, digital agriculture, farm mechanisation, waste to wealth, dairy, fisheries etc. Five Knowledge Partners (KPs) have been selected as Centres of Excellence. These are – (1) National Institute of Agricultural Extension Management (MANAGE), Hyderabad, (2) National Institute of Agricultural Marketing(NIAM) Jaipur, (3) Indian Agricultural Research Institute (IARI) Pusa, New Delhi, (4) University of Agriculture Science, Dharwad, Karnataka and (5) Assam Agriculture University, Jorhat, Assam

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Senior BJP leader Manoj Sinha appointed new Lieutenant Governor of Jammu & Kashmir. #ManojSinha #GovernorofJammu&Kashmir #JammuKashmir

Manoj Sinha, a senior BJP leader and former Union Minister, is the new Lieutenant Governor of Jammu and Kashmir after Girish Chandra Murmu resigned yesterday. The big change, which took place on the first anniversary of the centre’s move to scrap special status to Jammu and Kashmir under Article 370 and turn it into two union territories, brings back a political face in the top post.

Manoj Sinha, 61, has been a Lok Sabha MP and a member of the BJP’s top leadership panel, the national council. He was a Minister of State in the first term of Prime Minister Narendra Modi.

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Senior BJP leader Manoj Sinha appointed new Lieutenant Governor of Jammu & Kashmir. #ManojSinha #GovernorofJammu&Kashmir #JammuKashmir

Manoj Sinha, a senior BJP leader and former Union Minister, is the new Lieutenant Governor of Jammu and Kashmir after Girish Chandra Murmu resigned yesterday. The big change, which took place on the first anniversary of the centre’s move to scrap special status to Jammu and Kashmir under Article 370 and turn it into two union territories, brings back a political face in the top post.

Manoj Sinha, 61, has been a Lok Sabha MP and a member of the BJP’s top leadership panel, the national council. He was a Minister of State in the first term of Prime Minister Narendra Modi.

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Knight Frank India today launched the 13th edition of its flagship half-yearly report – India Real Estate: H1 2020 – which presents a comprehensive analysis of the office and residential market performance across eight major cities for the January-June 2020 (H1 2020) period. Here we look at the Hyderabad real estate market. #KnightFrankIndia #realestatemarket #Hyderabad

About the channel :- HyBiz Tv is India’s most-watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..

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Commerce and Industry Minister Shri Piyush Goyal said that the Government is committed to policy simplification and asked for industry’s feedback and cooperation. Inaugurating CII National Digital conference on Ease of Doing Business for Atmanirbhar Bharat , the Minister emphasized that a single window system for industrial approvals will soon be in place. He urged both industry and government to work as partners and urged the industry to play a proactive role in helping the government identify the tax evaders and violators. (11 end) #Piyushgoyal #CIInationalconference #AtmanirbharBharat “Piyush Goyal inaugurates CII National conference (12)Speaking on the Covid situation, the Minister said that economy is bouncing back in the country and restrictions were temporary and are now being eased. He highlighted that during Covid crisis, the country’s services sector continued to serve global clients. He said that India’s exports are almost 88% of the last year’s level while imports are almost 75% of the same period last year. “Business is bouncing back,” he said and added that the export restrictions on ventilators will soon be done away with. He said that Centre is working with States for easier labour law, soft launch of land bank portal, single window clearance for investments. (12 end)”Ease of Doing Business for Atmanirbhar Bharat”

(13) On the incentive scheme for exports- Merchandise Export from India Scheme (MEIS), Shri Goyal said that the Government is looking for an early solution and the government will find a way that does not impact exports. The minister also said the finance ministry is looking at ways to promote finance for investments in the country and the government has been assured by the banks that there is ample liquidity in the system. The Minister said that his Ministry has already identified 20 industrial sectors for giving focused push. The Minister said that the government is working on decriminalising laws and removing redundant laws. (13 end)”Atmanirbhar Bharat”

(14)On the need for flexible labour laws to help the industry, Shri Goyal said that the Centre is in touch with 16 States and UTs and had received proposals from them. The Minister said that the worries on availability of land for industry in India are unfounded, as thousands of hectares of land has already been identified. He said that the Centre is planning a soft launch of the land bank available with States and will create a land bank portal. Six States have already shared the data for this. (14 end)

(15)On the proposed single window system for investments, the Minister said that the government’s effort is to try and bring all good practices on one platform and the single window will be a genuine one. He said his team is in constant touch with State departments to ensure that the single window gets expedited. (15 end)

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The Mahindra Group today launched Mahindra University (MU), which is focussed on offering world-class, futuristic education in India. Its mission is to develop multi-skilled leaders, capable of reflection as well as innovation, and ones who are ethical and empathetic.

To drive a meaningful shift in the way that higher education is imparted in the country, MU will drive interdisciplinary academic excellence, integrating the study of science and technology with the Humanities, Ethics & Philosophy and Design.

It will operate as an autonomous University, with its contemporary, new-age curricula being curated to fully leverage emerging technologies like Data Science, Blockchain and Data Analytics. MU will uniquely enable the holistic development of its students, combining the Emotional Intelligence (Right Brain) and Artificial Intelligence (Left Brain) paradigms.

Mahindra University is part of the Mahindra Educational Institutions (MEI), a not-for-profit subsidiary of Tech Mahindra. It reflects the standards and reputation of the entire Mahindra Group, mirroring its core purpose of Driving Positive Change in the lives of both peoples and communities, enabling them to Rise.

The university will also be a platform to balance education with real-world experience through entrepreneurial projects to solve complex challenges facing society. This, combined with the provision of extra-curricular activities like sports and music, will help revolutionize higher education for millennials and help build a hyper-skilled, future-ready talent pool.

In keeping with the Covid19 regulations, it was online launch which was hosted by differently abled rights activists Dr Malavika Iyer.

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Shiva Texyarn launches first of its kind antiviral fabrics in the Indian market. Speaking on the occasion, Mr. Carlo Centonze, CEO of HeiQ said, “HeiQ Viroblock is a special combination of our advanced silver and vesicle technology that has been proven effective against the human coronavirus 229E with over 99.99% reduction of virus. It is safe and non-toxic. A patent has been filed. We are pleased to launch this for the first time in India on PPE with Shiva Texyarn.” #AntiViralfabricMask # HeiQViroblockNPJ03 Dr. Sundararaman K .S, Managing Director of Shiva Texyarn said ” We have been at the forefront of the PPE response in the country, with our Technical Textiles Division being amongst the earliest SITRA Qualified Suppliers of PPE fabric. We have complemented Coverall manufacturing with a range of fabric masks with innovative protective systems and other components of the PPE system. The addition of HeiQ Viroblock to our manufacturing processes gives us another formidable technology in the race to provide high tech, comfortable PPE solutions” The company is currently in the process of getting various international certifications to target the global marketplace for antiviral fabrics

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