Wednesday 28 February 2024

Ministry of Culture names Niladri Kumar among Sangeet Natak Academi Puraskar winners for the year 2023


The Maverick Musician is receiving the award for his contribution in the field of Creative & Experimental Music

MUMBAI, 28th FEBRUARY, 2024 (TGN): Indian music icon and sitar maestro Niladri Kumar has been named among winners of Sangeet Natak Academi Puraskar for the year 2023, by the Ministry of Culture and Sangeet Natak Akademi Puraskar. This is the highest national recognition given to stalwarts in the field of performing arts. Niladri Kumar had earlier won Ustad Bismillah Khan Yuva Puraskar by the Sangeet Natak Academi in 2007.

“I am very grateful to Ministry of Culture and Sangeet Natak Akademi for honouring my journey in music, and I sincerely seek blessings for the path I yet have to travel. My greatest reward is to witness my music touch the hearts of listeners from all over the world, across all these years,” says Niladri Kumar.

Born to sitar maestro, Kartick Kumar, a disciple of Ravi Shankar and Sangeet Natak Akademi Puraskar winner, Niladri Kumar first performed on Doordarshan at the tender age of seven. He has since been breaking barriers and setting trends in Indian music. Taking forward his father’s legacy, the maverick musician has been well recognised at national as well as global forums.

An artist, who believes in walking with the times alongside staying true to his Indian roots, Niladri Kumar has featured in jazz-guitar legend John McLaughlin’s album Floating Point. He has also toured and played with giants of world music, including tabla maestro Ustad Zakir Hussain and jazz-rock bass virtuoso Jonas Hellborg. He has also composed music for hit Bollywood numbers such as Chup Ke from Bunty Aur Babli, Crazy Kiya Re from Dhoom 2 and Bheeegi Bheegi from Gangster. A great aspiration, Niladri Kumar is truly India’s pride.Ends


 

"Hafele India Showcases Innovation at IndiaWood 2024 Exhibition"





MUMBAI, 28th FEBRUARY, 2024 (TGN):


Maximising the value of space. Together.

Hafele’s history is a story of consistent movement from furniture to the door into the room. Our path has led from functionality to atmosphere and connectivity and on to a sustainable view of the customer process – from product development to after sales support. In addition to our dynamic entrepreneurial spirit, this passion for meeting customer needs has been an essential part of our DNA since the foundation of the company by Adolf Häfele. And that is what we want to continue to strengthen in the future.

Hafele’s brand purpose, ’Maximising the value of space. Together,' serves as a guiding compass, leading us in crafting holistic and sustainable environments for our customers where they can enjoy the multiplied benefits of their living and working spaces.

Our purpose has 4 dimensions – Functional. Intelligent, Atmospheric and Organised.

 

Hafele and The Fibonacci Sequence:

The Fibonacci sequence, known for its aesthetically pleasing ratios, is often used in architectural and photographic design to create visually harmonious compositions. Artists and designers apply the Fibonacci numbers to determine proportions, spacing, and dimensions in their work, creating a sense of balance and beauty. The sequence's prevalence in nature also inspires artistic creations, contributing to a visually appealing and naturally harmonious design.

In nature, the Fibonacci sequence acts as a driving force, shaping growth with elegance and harmony. It is frequently observed in the arrangement of plant structures and the spiral patterns found in various organisms. The sequence's prevalence in nature reflects its role in optimizing growth, contributing to the perceived beauty and efficiency observed in the biological world.

This mathematical marvel mirrors Häfele's dedication to creating inspired spaces, seamlessly integrating beauty and enhancing functionality through its products and services. In essence, our brand purpose and the principles of Fibonacci inspire us to unlock the full potential of space, delivering maximum value to our customers.

 

The 4 Dimensions of Hafele’s Brand Purpose and Product Highlights:

Embracing a distinctive approach this year at IndiaWood held between the 22nd to 26th February 2024, our booth embodied the 4 dimensions of our Brand Purpose – Functional, Intelligent, Atmospheric and Organised using the Fibonacci Sequence. Our comprehensive product range showcase aligned seamlessly with our customers' aspirations through an immersive walk-through.

Functional: This has been the core of our business for a hundred years now. But it's about more than just opening or closing furniture. It's about more convenience for the user, it's about flexibility and multi-functionality, it's about reliability, quality and longevity, it's about making ideas possible and it's about inspiration for our customers.

·         Our holistic range of kitchen and home solutions from our in-house global assortment - the Matrix Drawer and Runner Systems, Free Flap Fittings, Metalla 510 Furniture Hinges and Wire Storage Solutions reflect the strong competencies that Hafele holds in research, development, engineering and manufacturing; and come with the well-recognized quality standards that our brand stands for, globally.

·         Bringing forth the rising trend of incorporating quartz surfaces in the kitchen, Häfele launches its new sinks range - Lithos which means stone in Greek, aptly named to represent its inherent sturdiness, longevity and reliability. Engineered and composed of up to 80% coloured quartz stone grains, Lithos aims to provide an effortless transition between the sink center and the countertop, enabling a seamless design language in your kitchen.

·         Autonova Vertical Hide-away Bed System and Monaco Bunk Bed System perfectly transform your interior space into various settings, for e.g. basis the time of the day - where in the day time there may be more free space required for work or play, the bed fittings can be retracted while during the night, the bed fitting can be  drawn out for you to unwind or basis multiple functionalities desired – where the bed fitting can be converted into a study table unit by day.

·         From offering an elegant access to your walk-in wardrobe set-up to functioning as a captivating partition system between living areas or in commercial spaces, the Aluflex 80 B Aluminium Profiled System provides a mesmerising floor to ceiling sliding solution with numerous panel design and material application possibilities. The patented system operates on the bottom roller and track mechanism, placing maximum load of the door on the base and allowing door weights of up to 80 kg. The integrated double-sided soft closing mechanism of Aluflex 80 B enables smooth and quiet operations while opening and closing the doors on either side.

Intelligent: Homes are becoming intelligent and so are our range of products and services. Thanks to our smart appliances and digital security solutions, the components in the room can be controlled easily and conveniently and can also be connected with other smart systems as needed. We strive to be an innovative player in the digital world of today and tomorrow.

·         With Häfele’s Premium and Luxury Range of Appliances, cooking, baking, refrigeration and washing are no longer mere chores – they provide an experience that is almost recreational! These innovative home appliances augment flexibility & co-ordination within the kitchen as well as can seamlessly complement the overall look and design of your kitchen.

o    Experience a smart, connected technology in the kitchen with Celsius° Cooking™ system from ASKO. It’s built with the Hestan Cue connected cookery technology and consists of a high-quality induction hob – an appliance that manages to be both highly advanced, and really user friendly – with electronically-linked pots and pans and a temperature probe. Transforming the standard concept of aspiration into modular, innovative, multifunctional structures that are fully integrated into the kitchen is Falmec’s Shelf Extraction Systems that transcends the traditional boundaries of extraction.

o    Meet your daily cooking needs with a level of smarter efficiency through our exclusive range of Altius FS Built-in Hobs especially built to cater to Indian cooking patterns. Extend your culinary skills to experimental baking, grilling or roasting, with our Diamond ORB 77 Built-in Oven. Enhance your cooking experience further with our smart, gesture controlled Aella 90 Cookerhood that works effectively to pull in all the smoke and fume residues.

o    Discover healthy cooking with the NOIL Air Fryer which prepares 100% delicious food with 90% less oil. Brew a full-flavoured cup of coffee with U-Kaffee’s rapid thermoblock technology and 15-bar pump pressure that ensure that the coffee grind is exposed to precise pressure and temperature conditions.

·         Hafele’s Kabi-Net Digital Locks are a compact and unique range of locks that enable secure biometric access to your precious belongings stored in drawers, cabinets or wardrobes. Taking care of your security worries, these locks bring convenience and peace of mind. A three-colour LED indicator updates you on the status of the lock while also providing you with an alarm if the battery is low. These locks also feature an emergency key which is unique to the lock and an auto locking function, enhancing safety.

 

Atmospheric: When we move around in rooms, we experience the functions and the technology, and emotions are invoked as well. These have to do with well-being and orientation, qualities that we often perceive on an unconscious level. That’s why we have been working with the topic of light to create a unique selling point in the market with the systematic combination of furniture and room lighting – which also improves the quality of the atmosphere in the room, no matter whether the space is designed for living or working.

·         Häfele’s Loox Range has been meeting the demands for lighting in furniture as well as the growing needs for networking and digitalization since more than a decade. The solutions offered within this range maximize simplicity and flexibility as well as assure high reliability. The range presents itself as a unique combination of elegant design and state of the art technology making it the perfect choice for any home furniture application, be it Task Lighting for Kitchen cabinets and plinths, Decorative Lighting for Living Room Showcases, Mood Lighting for Bedroom Applications or pure Functional Lighting in Wardrobes.

·         Terra Quartz Surfaces under the Häfele Surfaces brand defines all that is “Häfele” – it comes with our promise of exceptional German quality. The range is immensely strong, versatile and creatively workable for a wide array of home applications. Owing to the inherent properties of quartz, Terra surfaces are non-porous as well as anti-bacterial, making them 100% safe, hygienic and long-lasting. The range offers over 20 classic and contemporary colours that add to the versatility of this range. Each colour has a soul and unique characteristic of its own.

 

Organised: We not only take care of products and solutions, but also our customers’ processes. No matter whether they have to do with the manufacture of furniture or with the development for project business. We want to provide our customers with tangible added value by helping them achieve goals easier, faster, safer, and more efficiently. For instance, we can do this with customised planning services or specialized installation services for our customers.

·         Hafele’s Service+ constitutes of services that give our customers considerable added value in terms of building expertise, increasing productivity or providing individual customised solutions. The aim is to create solid long-term foundations for our comprehensive service promise and to make Häfele an indispensable partner for our customers. The focus here lies not so much on us and on what we do – but rather, on the benefits derived by our customers.  We want to empower them with opportunities to develop and expand their skills – both as masters of their trade and as entrepreneurs. We want to support them in the planning and realisation of their projects and relieve them of as much work as possible, thereby providing them with a helping hand to use their most valuable resource – time – as efficiently as possible. And we aim to give our customers peace of mind and the assurance that even after the end of a successful project completion, we will continue to be there for them as a reliable partner, shouldering responsibility.

 



Investing in Yourself: 6 Affordable Ways to Boost Your Skills and Career Prospects


BENGALURU, 28 FEBRUARY, 2024 (TGN)
 - 1. Online Courses: Numerous platforms offer affordable courses in various fields such as programming, digital marketing, graphic design, and more. For instance, platforms like Coursera and Udemy provide a wide range of courses at reasonable prices, allowing you to learn at your own pace. Utilize platforms like LinkedIn Learning, which offer a vast library of courses covering various topics, often available through a free trial or with a subscription. Courses on LinkedIn Learning cover everything from software development to business management, providing valuable skills for career advancement.

2. Books: Utilize public libraries or online resources to access a wealth of knowledge. Look for books covering topics relevant to your interests or career aspirations. For example, "Atomic Habits" by James Clear is a popular choice for personal development, while "Lean In" by Sheryl Sandberg offers insights into leadership and career advancement.

3. Podcasts: Listen to podcasts focused on personal development, industry trends, or specific skills you want to enhance. Podcasts like "The Tim Ferriss Show" and "How I Built This" provide valuable insights from successful individuals across various industries. 

4. Industry Certifications: Look for affordable certification programs or exams that can validate your skills and improve your credibility in your field. Certifications such as Google Analytics or HubSpot Content Marketing Certification can enhance your resume and demonstrate expertise in specific areas. 

5. Financial Assistance: For college students and young working professionals needing extra financial support for educational expenses or unexpected emergencies, consider utilizing mPokket, an instant loan app tailored to their needs. mPokket provides quick and hassle-free loans, ranging up to Rs. 45,000, helping you cover expenses without disrupting your education or career goals.

6. Language Learning Apps and Resources: Enhance your communication skills by learning a new language through affordable language learning apps or free online resources. Apps like Duolingo and websites like BBC Languages offer interactive lessons in multiple languages.

Investing in yourself doesn't have to break the bank. With these affordable resources and apps, you can actively enhance your skills and advance your career prospects.

EDII and Accenture empower over 13,470 women micro-entrepreneurs through WeAct





MUMBAI, FEBRUARY 28, 2024 (TGN): Women Entrepreneurs Access Connect Transform (WeAct), a pioneering initiative by the Entrepreneurship Development Institute of India (EDII) Ahmedabad, with support from Accenture, has reached a significant milestone by providing comprehensive training and support to 13,470 women micro-entrepreneurs across 17 states and 2 union territories in India.

Through its vision to  ‘Empower Rural Women Entrepreneurs’, WeAct has provided structured hand-holding support to 5,625 women micro-entrepreneurs in the Food & Agriculture industry, 5,921 in the Handloom & Handicrafts sector, and 1,924 in household supplies enabling them to make their businesses profitable and sustainable. 

WeAct covers various aspects including market access, product development, and access to finance. Additionally, the initiative also facilitates statutory compliance processes, and technological adoption to enhance the competitiveness of women-led businesses.

WeAct also supports its members in adopting technology effectively. This enables entrepreneurs to leverage technology to streamline their operations and compete more effectively in the market.

Under WeAct, a wide range of business development services are offered to its members. This includes support in various crucial areas such as business planning, marketing, and management. This further helps women entrepreneurs enhance their business efficiency, increase profitability, and achieve sustainable growth.

“We are thrilled to have trained and supported hundreds of women micro-entrepreneurs through our WeAct initiative. This milestone reflects our dedication to empowering women entrepreneurs, and driving positive change in local economies”, said Dr. Sunil Shukla, Director General, EDII.

“Fostering inclusive economic growth in rural communities is our goal. By providing tailored training and support, we aim to create a conducive environment for women to thrive as successful entrepreneurs, catalysing sustainable development”, said Dr. Raman Gujral, Director, Department of Projects (Corporate), EDII.

Mr. Samuel Moses Amarnath, Head of WeAct, has initiated transformative programmes to empower rural women entrepreneurs. The new approach extends to new product development aligning with market standards, elevating packaging standards, and embracing technological advancements such as online marketing, social media marketing, and digital payments, innovative strategies have been implemented to unlock new potential clients and establish corporate relations. This resulted in conducting 100 exhibitions within various corporate premises and grassroots-level exhibitions conducted in 10 states and 29 districts pan India. 

Key highlights of the initiative:

  • Completion of over 3500 statutory compliance processes

  • Onboarding of more than 2700 members onto e-commerce platforms like Amazon and Flipkart

  • Provision of product development services to over 2800 members

  • Participation of over 4000 members in energizer workshops and exposure visits

  • Involvement of over 1000 members in exhibitions, resulting in revenue generation of ₹79 lakhs

  • Facilitation of financial assistance totalling ₹45 lakhs

  • Measuring enterprise revenue growth impact of ₹2.5 Crores after WeAct's intervention


About Entrepreneurship Development Institute of India (EDII)

The Entrepreneurship Development Institute of India (EDII), Ahmedabad was set up in 1983 as an autonomous and not-for-profit Institute with support of apex financial institutions - the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and State Bank of India (SBI). The Government of Gujarat pledged twenty-three acres of land on which stands the majestic and sprawling EDII Campus.  EDII has been recognized as the CENTRE OF EXCELLENCE by the Ministry of Skill Development and Entrepreneurship, Govt. of India. The Institute has also been listed as the Institute of National Importance by the Education Department, Govt. of Gujarat. EDII operates across the country through its seven regional offices and PAN India project offices. It has international affiliates in Cambodia, Laos, Myanmar Vietnam, Uzbekistan and Rwanda.  For more information visit: www.ediindia.org



R K SWAMY LIMITED INITIAL PUBLIC OFFER TO OPEN ON MARCH 4, 2024




NATIONAL, FEBRUARY 28, 2024 (TGN/ BABITA P.M): R K Swamy Limited (the “Company” or the “Issuer”), proposes to open on Monday, March 4, 2024, an Initial Public Offering (“IPO”) of up to Equity Shares of Face Value of 5 each (“Equity Shares”) for cash at a Price Band from 270 to 288 per Equity Share (including a share premium) (the “Offer Price”) (the “Offer”) Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter. (the “Price Band”). The Anchor Investor Bidding Date shall be Friday, March 1, 2024. The Bid/Offer will open Monday, March 4, 2024 for subscription and close on Wednesday, March 6, 2024. (the “Bid / Offer Period”)

The Offer comprises a Fresh Issue of Equity Shares aggregating up To 1,730 million (“Fresh Issue”) and an Offer For Sale of up to 8,700,000 Equity Shares (the “Offered Shares”) (the “Offer For Sale” and together with the Fresh Issue, the “Offer”): comprising Up To 1,788,093 Equity Shares by Srinivasan K Swamy; up to 1,788,093 Equity Shares by Narasimhan Krishnaswamy; up to 4,445,714 Equity Shares by Evanston Pioneer Fund L.P.; and up to 678,100 Equity Shares By Prem Marketing Ventures LLP (collectively, the “Selling Shareholders”). 

The Net Proceeds from the Fresh Issue are proposed to be used as follows: Funding working capital requirements of the Company Rs. 540.00 million; Funding capital expenditure to be incurred by the Company for setting up a digital video content production studio (“DVCP Studio”) Rs. 109.85 million; Funding investment in IT infrastructure development of the Company, and Material Subsidiaries, Hansa Research Group Private Limited (“Hansa Research”) and Hansa Customer Equity Private Limited (“Hansa Customer Equity”) Rs. 333.42 million; and funding setting up of new customer experience centres (“CEC”) and computer aided telephonic interview centres (“CATI”) of the Company  Rs. 217.36 million; and general corporate purposes.

The Offer Includes a reservation of Equity Shares, aggregating up to 75 million for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less The Employee Reservation Portion Is hereinafter referred to as the “Net Offer”. 

The Company has in consultation with the Book Running Lead Managers (“BRLMs”) offered a discount of 27 per equity share on the Offer Price to Eligible Employees bidding in the Employee Reservation Portion (“Employee Discount”). 

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that the Company and Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, up to [•] Equity Shares aggregating up to 75 million will be available for allocation to Eligible Employees, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than 0.20 million and up to 1.00 million and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than 1.00 million and under-subscription in either of these two sub-categories of the Non-Institutional Category may be allocated to Bidders in the other sub-category of the Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not more than 10% of the Net Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or pursuant to the UPI Mechanism, as the case may be. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. 

SBI Capital Markets Limited, IIFL Securities Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the Offer.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

R K SWAMY LIMITED RHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, the website of the Company at www.rkswamy.com and the websites of the BRLMs, i.e. SBI Capital Markets Limited, IIFL Securities Limited and Motilal Oswal Investment Advisors Limited at www.sbicaps.com, www.iiflcap.com and www.motilaloswalgroup.com, respectively.