FINANCE TODAY

by Samiksha  Mumbai,August 2021:  Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects  (SWAMIH I) , the government-backed last-mile financing platform has made an investment of over Rs 150 crore to complete a residential project of realty developer  Tridhaatu Realty  & Infra located in Chembur, Mumbai. As per the terms, SWAMIH’s investment will hold senior charge for the exit from the project once it gets completed and the existing investor will get repaid after that. Tridhaatu had started this project Tridhaatu Morya in 2018 and now with the financial support from SWAMIH I, it is expected to complete the same by December 2023 as per the final investment terms. The funding will be utilised for construction activities and paying statutory development premiums to the government authorities along with ensuring the completion of the project within the RERA deadline. Commenting on the investment,  Mr. Pritam Chivukula,...

Appoints Mr. Sonal Gupta as Head of Research - Equity and Mr. Ankit Manubhai Patel as Senior Credit Analyst - Fixed Income  by Samiksha New Delhi, August,2021 : L&T Mutual Fund has announced the appointment of Mr. Sonal Gupta as Head of Research - Equity and Mr. Ankit Manubhai Patel as Senior Credit Analyst - Fixed Income, as a part of fund house’s concerted strategy to further strengthen its Investment Management team. Mr. Sonal Gupta will be contributing to the sector strategy, which includes providing direction to the team in identifying opportunities and trends in addition to his own coverage. Mr Gupta would also be leading the research team’s efforts on ESG, compliance and communication. He has a rich experience of more than 15 years in equity research and has worked with  UBS Securities India Pvt Ltd  and PricewaterhouseCoopers in the past. A CFA charter holder, Mr Gupta has completed his PGDM from IIM Bangalore and has a Bachelor’s degree in Mechanical Engineer...

 by Samiksha Consumer confidence (on financial preparedness for the future) low in comparison to 2019 Life Freedom Index drops by 4.8 points vis-à-vis 2019 Metros and nuclear families see greater impact in comparison to those living in non-metros and joint families Familiarity with term insurance increases by 11 points; for endowment and unit linked plans it is up by 10 points In 2021, the Life Freedom Index has seen a drop of 4.8 points vis-a-vis that of 2019 indicating the impact of COVID-19. Consumer confidence has been low post the two waves. Current financial plans seem inadequate. Hence the most significant drop is observed in the financial sufficiency and adequacy index The impact of COVID-19 is more severe across metros in comparison to Tier 1 and Tier 2 cities Nuclear families have been the most impacted with an LFI drop of 10.5 points while joint families have been stable, possibly due to a better support system in the time of crisis Almost 90% consumers have faced salary...

by Samiksha Mumbai, 16th August 2021:  Yas Island, Abu Dhabi’s premier leisure and entertainment hub, is lighting up in celebration of India’s 75 th  Independence Day on August 15. In commemoration of the special occasion,  W Abu Dhabi – Yas Island is displaying the flag of India on its grid shell light canopy, while Etihad Arena turns into tricolor.    For more information, please visit: www.yasisland.ae About Yas Island: Yas Island is one of the world’s fastest-growing leisure and entertainment destinations, located on the golden shores of Abu Dhabi - just 20 minutes from downtown Abu Dhabi and 50 minutes from Dubai. Yas Island offers holidaymakers a diverse mix of award-winning leisure and entertainment experiences, from one-of-a-kind theme parks, world-class shopping and superb dining, to a links golf course, exciting water and motorsports, and spectacular musical, entertainment, and family events… all within the 25 sq km Island.  Today, Yas Island is ...

by Samiksha  Mumbai, August , 2021:  Mumbai Ultra in association with Tata Memorial Centre (TMC) organised a massive blood collection drive, which is a second in a row on Independence Day i.e., August 15 2021 at Veer Savarkar Bhavan, Dadar, Mumbai.  The drive was organised in order to ensure the blood banks in the hospital maintain necessary stock and the patients get the necessary units during their treatment in the hospital. Mumbai Ultra Marathon runners partnered with Tata Memorial Centre to start this unique drive with a motto - “If we cannot let our blood run” - an attempt to turn the current challenging times into an opportunity. Each year, the runners organize a marathon on 15th August and dedicate the fundraised towards the treatment of children with cancer in Tata Memorial Hospital. Due to the prevailing restrictions existing in the pandemic, Mumbai Ultra Runners have decided to organize a Blood Donation Camp on 15th August at Veer Sawarkar Bhavan, Dadar, Mumbai....

by Samiksha  Mumbai, 16 th  August 2021:  On the occasion of 75th Independence Day, Mumbai based Runwal Group, one of India’s top real estate developers, felicitated the frontline warriors from Dombivli for doing their bit to fight the unprecedented health crisis due to the Covid-19 outbreak. The Group recognized and felicitated the unconventional warriors that included the doctors, nurses and hospital staff along with other heroes who stood tall for the community during a difficult period and brought in a positive change. The event was hosted at their integrated township project, Runwal Gardens which is located on the main Kalyan Shil Road. Commenting on this occasion,  Mr. Rajat Rastogi, Executive Director, Runwal Group  said,  “Runwal Group has always been a brand that believes in community development. These frontline warriors have been providing critical services to the community during the pandemic and we wanted to extend our gratitude to them. There ...

by Samiksha New Delhi, August , 2021:  GAIL (India) Limited recorded turnover of Rs. 17,352 crore in Q1 FY22 vis a vis Rs. 12,060 crore in Q1 FY21 while Profit before Tax (PBT) in Q1 FY22 stood at Rs. 2,054 crore as against Rs. 356 crore in Q1 FY21.  The Profit after Tax (PAT) stood at Rs. 1,530 crore in Q1 FY22 as against Rs. 256 crore in Q1 FY21. The increase in the profits is mainly attributable to better physical performance in Natural Gas Marketing & Transmission, improved margins in gas marketing due to favourable market conditions and better price realization in Petrochemicals and Liquid Hydrocarbons. During the quarter, Natural Gas Transmission and Natural Gas Marketing volume increased by 19% and 18% respectively as compared with corresponding quarter in previous year. The volume growth is due to normalcy of the business activities as against nationwide lockdown during Q1 FY21. During the quarter, the consolidated group Turnover stood at Rs. 17,551 crore as agains...

by Samiksha adidas 4DFWD combines  years of athlete data and Carbon’s Digital Light Synthesis™ technology to produce precision tuned 3D printed midsoles, designed to move you forward Launching alongside is the new adidas 4DFWD PULSE, which combines innovative 4D and EVA technology to deliver a smooth and enjoyable run   New Delhi, August 2021:  adidas running introduces the latest iteration of adidas 4DFWD and adidas 4DFWD Pulse – the next step in data-driven 3D printed midsole innovation, designed to move you forward for the everyday runner. These running shoes are a result of combining years of athlete data with the unique technology of 3D printing, adidas 4DFWD is created to provide runners with an all-new running experience. Additionally, 4DFWD Pulse comes with the combination of 4D and EVA technology to ensure a soft landing with every step. Perfectly printed and precisely positioned, the shoe is coded for a smooth run with the 4DFWD heel angled to increase impact ab...

A standard individual, immediate annuity product   by Samiksha Single premium, non-linked, non-participating product that offers life-long guaranteed rates, right at the time of purchase   Flexible options for receiving annuity – monthly, quarterly, bi-annually, annually   Customers can avail the plan on a single life basis (for self) as well as on a joint life basis (for self and spouse)   Traditional option of immediate annuity with return of capital New Delhi, August 5, 2021 : HDFC Life, one of India’s leading life insurance companies, has announced the launch of  HDFC Life Saral Pension , a single premium, non-linked, non-participating product that offers life-long guaranteed annuity rates, right at the time of purchase. HDFC Life Saral Pension is a standard, individual, immediate annuity product with simple features and standard terms and conditions that enables customers to make an informed decision for planning their retirement. Key Features: No need to u...

by Samiksha Mumbai,  August 2021:  Exciting adventures, thrilling new experiences and some relaxing moments – these are the things you look for when you make a travel plan and all of these things become much more enjoyable when you are travelling to a perfect place with your friends. If you are planning a trip with your BFF, then just pack your bags and travel to a destination like no other, Yas Island, one of the world’s fastest growing leisure and entertainment destinations, in Abu Dhabi. Travelling with your friends is all about making everlasting memories and for an experience like no other take your friends to Yas Island, which is a place that caters to people of different tastes and interest. From award-winning theme parks  Ferrari World Abu Dhabi, Yas Waterworld, Warner Bros. World ™  Abu Dhabi to world-class shopping and superb dining, you can have it all at just one place. If you are a thrill-seeker and want to be adventurous, then you may hop on to the worl...

A transformational career success platform for schools to provide age-appropriate exposure to career-connected learning by Samiksha New Delhi, 0 3rd August, 2021: In recognition of the need to facilitate career guidance for young learners, the UK's leading personalized career guidance program is launching in India . LaunchMyCareer (LMC) has unveiled a first-of-its-kind career focused program for schools. The platform promises to help young learners discover their interests, identify their potential, learn workplace readiness skills and apply these in real life. From nurturing young peoples’ skills and aptitudes to providing them age-appropriate exposure to career knowledge, LaunchMyCareer helps students make informed career decisions.  Most learners are overwhelmed and confused about what career they want to pursue, and how to be what they want to be. However, everyone is looking for career success. True career success is an amalgamation of financial stability and job satisfaction...

by Samiksha ●         JIO’S ALL 4G NETWORK TO PROVIDE HIGH-SPEED IN-CAR CONNECTIVITY TO CUSTOMERS OF MG’S UPCOMING MID-SIZE SUV, EVEN IN THE REMOTEST LOCATIONS   ●         JIO ’S eSIM AND IOT SOLUTIONS WILL PROVIDE ACCESS TO REAL-TIME INFOTAINMENT AND TELEMATICS Mumbai , 03 August : Committed  to providing best-in-class connected car technology, MG Motor India today announced a partnership on  the Internet of Things (IOT) space  with  Jio India’s leading digital services  provider. Establishing its position as an auto-tech pioneer, MG Motor India will provide seamless integration of IT systems enabled by Jio’s IoT solution in its upcoming mid-size SUV. The association  will enable robust new-age mobility solutions ,  underlin ing  the marquee carmaker’s zeal to build futuristic mobility applications and facilitate magical experiences. Jio, India’s largest integrated telecom...