PUNE: Anshuman S Bharadwaj, Centre Director, Phoenix Marketcity Pune shared with media, “We at Phoenix Marketcity Pune, Viman Nagar, Nagar Road have been made aware of a recent video circulating on social media involving two individuals allegedly using drugs in a mall washroom. It has come to our attention that various reports have inaccurately linked this incident to our premises. After a thorough investigation and consultation with our internal team, we can confirm that the aesthetics and design of the washroom depicted in the video do not match any of the bathrooms within Phoenix Marketcity Pune, Viman Nagar, Nagar Road. Thus, we can conclusively state that this video was not shot in our mall.
Phoenix Marketcity Pune, Viman Nagar, Nagar Road, stands firmly against the use of illegal substances. Our policies and practices ensure a safe and secure environment for all our patrons. Our security team is highly vigilant and conducts regular checks to prevent any unlawful activities on our premises. We adhere strictly to all rules and regulations mandated by the state government to maintain a safe and enjoyable shopping experience for everyone.
We are deeply concerned about the misinformation being spread and the unfounded association of our mall with such activities. We request all media outlets and individuals on social media to verify facts before disseminating information. The spread of unverified information can cause undue harm to our reputation and distress among our patrons.
Phoenix Marketcity Pune, Viman Nagar, Nagar Road, remains committed to providing a safe, family-friendly environment. We take pride in our stringent security measures and the trust our visitors place in us. We encourage our visitors to report any suspicious activities immediately to our security team to help us maintain a secure atmosphere for all.”
PUNE: Anshuman S Bharadwaj, Centre Director, Phoenix Marketcity Pune shared with media, “We at Phoenix Marketcity Pune, Viman Nagar, Nagar Road have been made aware of a recent video circulating on social media involving two individuals allegedly using drugs in a mall washroom. It has come to our attention that various reports have inaccurately linked this incident to our premises. After a thorough investigation and consultation with our internal team, we can confirm that the aesthetics and design of the washroom depicted in the video do not match any of the bathrooms within Phoenix Marketcity Pune, Viman Nagar, Nagar Road. Thus, we can conclusively state that this video was not shot in our mall.
Phoenix Marketcity Pune, Viman Nagar, Nagar Road, stands firmly against the use of illegal substances. Our policies and practices ensure a safe and secure environment for all our patrons. Our security team is highly vigilant and conducts regular checks to prevent any unlawful activities on our premises. We adhere strictly to all rules and regulations mandated by the state government to maintain a safe and enjoyable shopping experience for everyone.
We are deeply concerned about the misinformation being spread and the unfounded association of our mall with such activities. We request all media outlets and individuals on social media to verify facts before disseminating information. The spread of unverified information can cause undue harm to our reputation and distress among our patrons.
Phoenix Marketcity Pune, Viman Nagar, Nagar Road, remains committed to providing a safe, family-friendly environment. We take pride in our stringent security measures and the trust our visitors place in us. We encourage our visitors to report any suspicious activities immediately to our security team to help us maintain a secure atmosphere for all.”
Zurich prospects and claimants experiencing easy and environment friendly claims cost choices.
FOLSOM, Calif. – June 26, 2024 – One Inc, the main funds community for the insurance coverage business, introduced in the present day that Zurich North America has efficiently applied One Inc’s digital claims cost system for outbound claims cost capabilities. Zurich is among the largest suppliers of economic and threat administration options in North America and pays out a whole bunch of 1000’s of claims yearly on behalf of – and for – its prospects.
ClaimsPay® gives insureds and different claimants digital choices and close to real-time capabilities that aren’t accessible by means of conventional paper verify funds. One Inc.’s cloud-based funds enable quicker supply choices for how prospects and claimants obtain claims funds. This is finished by means of a wide range of cost choices and helps single and multi-party, in addition to vendor-related funds.
“Implementation of ClaimsPay® has match properly into our customer-focused technique,” stated Keith Daly.” Chief Claims Officer for Zurich North America. “Through digital improvements akin to this providing from One Inc., we’ve got given our prospects and different claimants, a sturdy digital cost community that simplifies the claims course of and enhances their total claims expertise.”
Since implementation started, Zurich claimants have reacted positively to their ClaimsPay® choices. When selecting between digital strategies and conventional paper checks thus far, greater than 95 p.c have chosen an digital cost possibility. “We listened to suggestions from our threat supervisor prospects who informed us they needed fashionable options for managing their distinctive insurance coverage wants together with easy claims cost processes,” Daly added. “Our implementation of One Inc,’s ClaimsPay® is a testomony to that.”
“Digitizing claims is a transformative initiative for any insurer, and we’re thrilled to be chosen by Zurich, an organization that’s acknowledged for offering worth to their policyholders,” stated Ian Drysdale, Chief Executive Officer at One Inc. “As carriers additional diversify their coverage choices and place extra give attention to enhancing their claims workflow, it’s essential to work with a expertise associate who understands their operational complexities and has the trusted business data in processing claims throughout their product traces.”
PUNE: Advocate Kamlesh Pisal, a name that commands high respect in the cricketing community in Maharashtra, holds the pivotal position of Secretary of the Maharashtra Cricket Association (MCA). His rise to this role was unexpected yet inevitable, driven by his strong legal understanding and passion for sports.
Kamlesh Pisal, known as KP, runs his law firm KP Land and Legal Solutions LLP. While his appointment as the MCA secretary was not expected even to him, those who knew him recognized that his legal expertise made him the perfect fit for the role. His experience in handling arbitration and litigation has been invaluable in the smooth operation of the MCA.
Hailing from Satara, KP was a long-distance runner in his younger years. He also had a deep interest in tennis which led to promoting and popularising the sport in his district. From a young age, he understood the transformative power of sports, a lesson that has guided him throughout his career. His early involvement in local sports associations as well as his secretaryship at the Satara Club, one of the most prestigious sports clubs in the district, laid the groundwork for his later achievements.
One of KP’s most notable accomplishments is his role in the success of the Satara Half Hill Marathon (SHHM). Under his leadership, the SHHM has gained international recognition, attracting over 8,000 participants each year. This experience in managing a large-scale sporting event proved invaluable when he took on the responsibilities at the MCA.
Leveraging his experience from the SHHM, KP has played a vital role in organizing the Maharashtra Premier League (MPL). The MPL has flourished under his guidance, providing a vibrant platform for talent across the state. His dedication to the league’s success is evident in every aspect of its execution, from logistical planning to legal oversight.
KP is deeply committed to the long-term development of cricket in Maharashtra, working tirelessly to groom talented players and to see them represent India on the international stage. He is equally focused on training coaches and trainers, believing that a well-rounded support system is crucial for the development of world-class cricketers.
As the MPL progresses, Advocate KP’s influence on Maharashtra’s cricket scene cannot be overstated. His unique blend of legal expertise, organizational skills, and passion for sports has positioned him as a key figure in the cricketing community in the state. Under his direction, the future of Maharashtra cricket looks brighter than ever.
In a big improvement, the Indian authorities has concluded a year-long investigation into the monetary operations of Byju’s, the embattled edtech agency. The probe, led by the Ministry of Corporate Affairs (MCA), discovered no proof of monetary fraud or manipulation of accounts. However, it did determine lapses within the firm’s company governance construction.
The investigation was initiated following complaints lodged by the National Commission for Protection of Child Rights (NCPCR) and the Registrar of Companies (ROC). The complaints alleged that Byju’s was pressuring prospects to proceed utilizing its services and products and was not issuing refunds to those that requested them.
The MCA report, which is but to be made public, discovered these allegations to be unsustainable. It concluded that there was no have to refer the matter to the Serious Fraud Investigation Office (SFIO). However, the report did be aware that the promoters and administrators of Byju’s might have been extra clear of their actions.
BYJU’s AppSource: Facebook
Corporate Governance Lapses and Customer Complaints
The report additionally highlighted that almost all of the company governance points raised by the administrators had been associated to transparency and independence. It was noticed that the Nominee Directors had resigned throughout the yr 2023-24, citing company governance points, together with lack of deliberations with them on necessary monetary and enterprise insurance policies.
The report additional famous that Byju’s has been taking steps to resolve complaints and grievances. Of the 4,390 complaints made to the corporate, 2,856 have been resolved, and the remaining are beneath the decision course of. The pending complaints shaped 0.02 per cent of the whole paid buyer base, which stood at 7.5 million college students as of January 31.
The firm’s accounting coverage for income recognition was additionally discovered to be so as. From 2014 to 2022, Byju’s used Rs 9,025 crore for M&A, and these acquisitions returned an revenue of Rs 4,287 crore.
Financial Woes and Legal Battles
Despite these findings, Byju’s is presently concerned in a number of instances in courts and the National Company Law Tribunal (NCLT). The firm is making an attempt to boost $200 million in a rights difficulty however has been restrained from utilising any funds by the NCLT. It can also be exploring out-of-court settlements with some of its collectors.
Once valued at $22 billion, Byju’s is now value zero. Global funding big Prosus wrote off the worth of its shareholding in Byju’s, recording a loss of $493 million in its annual report for FY24.
The firm’s monetary troubles have been compounded by working capital points, with issues about its means to maintain tuition centres operational. The firm shut down 30 out of its 292 centres in March.
Byju’s determination to allocate 800,000 shares to Riju Raveendran forward of a vote to extend its authorised share capital for the preliminary rights difficulty precipitated controversy. However, the corporate said that the preliminary rights difficulty concluded efficiently with a rise in authorised share capital and the allocation of shares to all taking part shareholders.
The firm’s monetary woes have led to a majority of its lenders submitting for involuntary Chapter 11 chapter towards three US-based guarantors for a $1.2 billion mortgage. The petitions goal Byju’s subsidiaries Epic! Creations Inc., Neuron Fuel Inc., and Tangible Play Inc.
In conclusion, the saga of Byju’s serves as a stark reminder of the dangers related to speedy enlargement and aggressive acquisition methods. It additionally underscores the significance of sturdy company governance constructions and transparency in enterprise operations. As Byju’s navigates these challenges, it serves as a cautionary story for different startups within the edtech sector and past.
RBI Governor Shaktikanta Das sees India transferring forward in direction of an 8 per cent GDP growth trajectory on a sustained foundation, pushed by structural financial reforms akin to GST.
“If you have a look at the typical growth India recorded over the three years, the typical comes to 8.3 per cent and the present 12 months now we have given a projection of 7.2 per cent growth,” Das mentioned on the 188th AGM (Annual General Meeting) of Bombay Chamber of Commerce & Industry.
India’s growth momentum stays sturdy and will enhance additional within the coming months. The nation was on a path to reaching 8 per cent growth on a sustained foundation, he added.
The RBI Governor additionally mentioned there was clear proof of non-public sector capital expenditure having picked up momentum, which ought to assist growth additional.
He additionally highlighted India’s contribution to world growth amid the worldwide financial slowdown.
“The Indian economic system within the final monetary 12 months 2023-24 contributed to 18.5 per cent of the worldwide growth, i.e., 18.5 per cent of the worldwide growth was pushed by India. It is an achievement because it was a lot decrease 7 or 8 years in the past and I believe the IMF initiatives this growth to go up,” he mentioned.
He mentioned that the key drivers of this growth are the implementation of GST, the Insolvency and Bankruptcy Code, and Flexible Inflation Targeting.
“GST has the benefit of avoiding the multiplicity of taxes. It is one of India’s greatest structural reforms since 1947,” he remarked.
GST collections have touched 1.7 lakh crore in a month and it’s in a variety of 1.5 to 1.7 lakh crore each month, he added.
He additionally highlighted the truth that India is poised to turn out to be the third-largest economic system on the earth from its present place because the fifth-largest.
HONG KONG, June 26, 2024 / — On June thirteenth, CoinEx Charity sponsored and took part in the Philippines’ Blockchain Campus Conference, held in Makati City. The occasion attracted over 1,000 students, college students, principals, blockchain lovers, and curious people.
The convention at iAcademy Campus in Makati City explored the transformative potential of blockchain in sectors similar to finance, retail, authorities, and leisure. It offered a platform for studying, exchanging concepts, and sharing blockchain abilities amongst college students, professionals, companies, and communities. CoinEx Charity leveraged this chance to deepen its understanding of the Philippines’ blockchain market and have interaction in discussions about blockchain’s boundless potential.
The CoinEx Charity sales space grew to become a focus at the occasion, attracting over 1,000 college students in CoinEx’s companies and merchandise. The convention additionally featured philanthropic lectures and discussions, with trade professionals and the CoinEx Charity group delivering speeches. The group shared insights on blockchain rules and future functions, enriching native college students’ information and igniting curiosity in the expertise.
By collaborating in the Blockchain Campus Conference, CoinEx Charity showcased its main place in blockchain training and strengthened its connections with the local people and college students. Through charity actions and initiatives, in collaboration with international philanthropic companions, CoinEx Charity goals to offer high-quality instructional sources, promote blockchain adoption, and contribute to a good, clear, and harmonious world.
The development will comprise residential housing with a revenue potential of INR 2500 Cr
PUNE: Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, is all set to expand its presence in Pune with a land acquisition in Manjri, Pune. The land parcel is spread across 16.5 acres with a development potential of approx. 32 lac sq ft and an estimated revenue potential of INR 2,500 Cr.
As part of an Integrated Township, the proposed development will offer a variety of residential unit configurations. Located in the rapidly emerging micro-market of Manjri, Pune, the project is situated on the Pune-Solapur Highway offering seamless connectivity to several IT hubs, including Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC.
Commenting on this development, K. T. Jithendran, MD & CEO at Birla Estates said, “Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans. The Pune Sholapur corridor is transforming at a rapid pace and we intend to enhance living standards in Manjri by delivering meticulously designed homes that seamlessly integrate contemporary architecture with thoughtfully chosen amenities.”
Furthermore, the project is conveniently connected to educational institutions, healthcare facilities, and shopping centers, making it a lucrative investment opportunity. The area is poised for substantial growth due to its excellent connectivity to the Pune Ring Road.
5G subscriptions are projected to reach round 840 million in India by the top of 2029, accounting for 65 per cent of cellular subscriptions in the area, a brand new report confirmed on Wednesday.
According to the Ericsson Mobility Report, complete cellular subscriptions in the area are estimated to develop by 1.3 billion in 2029.
“The June 2024 Ericsson Mobility Report exhibits continued sturdy uptake of 5G subscriptions. Enhanced Mobile Broadband and Fixed Wireless Access are the main use instances, with indicators that 5G capabilities are influencing service suppliers’ Fixed Wireless Access choices,” mentioned Fredrik Jejdling, Executive VP and Head of Networks, Ericsson.
On a world stage, researchers estimated that 5G subscriptions can be shut to 5.6 billion by the top of 2029.
5G is anticipated to account for about 60 per cent of all cellular subscriptions by the top of 2029 globally.
5G communityPixabay
Moreover, the report talked about that India has made large-scale mid-band deployments, reaching over 90 per cent inhabitants protection by the top of 2023.
5G subscriptions in India reached round 119 million and 5G penetration reached 10 per cent by the top of 2023.
Meanwhile, the federal government started the public sale of 5G spectrum value Rs 96,238.45 crore for telecom providers. The complete quantum of spectrum being auctioned is 10,522.35 MHz in numerous bands.
The 5G spectrum public sale is witnessing participation from three bidders: Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm.
Seoul, June 26: Hyundai Motor, Kia and two other carmakers will voluntarily recall more than 456,000 vehicles due to faulty components, the transport ministry here said on Wednesday.
The four companies, also including Volkswagen Group Korea and Tesla Korea, will voluntarily recall 456,977 units of 11 different models, the Ministry of Land, Infrastructure and Transport said in a statement.
The problems that prompted the recall include a design flaw in the engine starter motor in 236,518 units of two Hyundai Genesis models, posing a fire risk. Also 18,397 units of the hybrid version of Hyundai’s Santa Fe SUV were found to have a software error in the electronic brake system.
Kia will recall 157,188 units of its Sportage SUV due to the poor durability of its hydraulic electronic control unit, reports Yonhap news agency.
Volkswagen will recall 4,886 units of the ID.4 model due to a software error in the information and electronics control unit, and Tesla will recall 2,819 units due to an error in the seatbelt warning systems in four models.
Last month, Hyundai Motor, Kia and two other carmakers recalled over 7,700 vehicles due to faulty components.
