Tag: business

  • Indian Brands and Canopy Unite to Protect Forests and Champion Circular Fashion Solutions

    Boreal Forest

    Delhi, December 7, 2024 – Indian fashion brands Doodlage, Lovebirds, Ka-Sha, Paiwand Studio, Sonam Khetan, and Urvashi Kaur are the latest to join Canopy, a solutions-driven environmental non-profit and global movement to safeguard the world’s climate- and biodiversity-critical forests and accelerate Next Gen Solutions for the fashion industry. These brands join the ranks of Indian sustainability leaders Flipkart and Anita Dongre, as well as Canopy’s international network of 1000+ companies, further solidifying India’s growing role in the international shift towards circular supply chains and forest protection.

    This announcement follows Canopy’s recent Fashion for Forests event held in New Delhi, which convened some of India’s most forward-thinking fashion brands, designers, and innovators. Discussions focused on reducing the industry’s sourcing risk and impact on Ancient and Endangered Forests as well as scaling Next Gen materials that utilize recycled clothing and agricultural residues rather than trees as inputs for textiles and packaging production. The event underscored India’s potential to lead the charge in low-carbon, sustainable materials.

    “These brands reflect the soul and future of Indian fashion — craftsmanship, innovation, and being on the leading edge of the sustainability transition,” said Nicole Rycroft, Founder and Executive Director of Canopy. “India has a remarkable opportunity to not only protect its rich biodiversity but also become a global leader in low-impact Next Gen textiles that mitigate climate change and air pollution whilst spurring community advancement. We are thrilled to partner with these trailblazing brands to turn India’s opportunity into reality.”

    India is uniquely positioned to champion Next Gen Solutions — alternatives to conventional wood fibres for paper, packaging, and textiles often sourced from materials that would otherwise be landfilled (discarded textiles) or burned (agricultural residues). With an estimated 500 million tonnes of agricultural residues, like wheat and rice straw, burned annually, India’s waste problem contributes to 3.5% of global warming and severe air pollution. By transforming these residues into textiles and packaging, India can scale the production of Next Gen materials by up to 10 million tonnes annually. Doing so would position India competitively as an early global leader in low-carbon, circular materials whilst also reducing environmental harm and creating sustainable economic opportunities for farming and urban communities.

    “At Lovebirds, we believe in creating with purpose and responsibility. Partnering with Canopy Planet is a natural step in our journey to protect forests and prioritize sustainability in every aspect of our work—from fabric sourcing to packaging.” Said Gursi Singh and Amrita Khanna, Founders.

    The addition of Doodlage, Lovebirds, Ka-Sha, Paiwand Studio, Sonam Khetan, and Urvashi Kaur brings the CanopyStyle initiative to 560 brand partners globally, collectively representing over $1.06 trillion in annual revenues. Brands can immediately mitigate their risk of sourcing from Ancient and Endangered Forests by sourcing from viscose producers that attain green shirt status in Canopy’s Hot Button Report — an annual rating of global viscose producers. Additionally, Pack4Good, Canopy’s initiative to eliminate the use of virgin forest fibre in paper packaging, has now garnered 432 committed brands with annual revenues exceeding $240 billion.

    “At Ka-Sha, through this partnership we are furthering our endeavours towards Responsible Production & Consumption by committing to Protect Forests Through Our Paper, Packaging and Fabric Choices. Working with Canopy will help us join forces to achieve mutually aligned goals and support our existing circular system in a more effective way. Their policies will initiate a solid structure, which will enable us to evaluate what we do in a more impactful way and build our network of conscious makers. Their innovation with Next Gen Materials will give us the chance to explore newer materials and expand the possibilities of what our work could look like in the future.” said Karishma Shahani Khan, Founder of Ka-Sha.

    These partnerships exemplify how fashion can drive positive environmental change. From scaling circular clothing and packaging made from agricultural residues and textile waste, these Indian brands are proving that creativity, economic growth, and sustainability go hand in hand.


    Mansi Praharaj

  • IDFC FIRST Bank Unveils AI-Powered Amitabh Bachchan Avatar to Enhance Customer Experience

    Mumbai 7th December 2024: IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country’s most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation. The Holographic Extended Reality (HXR) device, features touch capability, allowing users to interact directly with the digital avatar. Currently, customers can engage with Mr Bachchan’s digital avatar and get information on bank products and services, including Zero Fee Banking, Monthly Interest Credits, Mobile Banking, and the innovative Current Account BRAVO. The Bank will integrate additional product offerings in subsequent phases.

    The HXR device has been developed in collaboration with Ikonz Studios, a new-age technology company. The content has been meticulously scripted to ensure accuracy and engagement. This revolutionary technology will redefine the banking experience for customers, offering personalized assistance and an immersive service experience. This initiative is in line with IDFC FIRST Bank’s commitment to its digital-first philosophy and innovation-led customer-centric approach.

    Speaking on the launch, Mr Shreepad Shende – Head of Business Excellence & Corporate Strategy at IDFC FIRST Bank, said, “We’re proud to be the first in the banking industry to bring this AI-powered holographic innovation to life. With this, we have created an entirely new way for our customers to interact with us at our select branches, making banking simpler, faster, and more engaging. It has been an amazing journey with Wing Commander Ramesh Pulapaka, CEO & Director – AB Corp. Ltd., from conceptualizing this pioneering concept to bringing it to life with IKONZ and I am delighted that IDFC FIRST Bank was first to partner with Mr. Amitabh Bachchan in this unique journey”

    Mr Amitabh Bachchan, Said, “This unique initiative by IDFC FIRST Bank showcases the possibilities of innovation in creating immersive and meaningful customer experiences. It is fascinating to see how technology continues to evolve and redefine the way we connect with people. I am delighted to see my digital avatar being a part of this revolutionary and groundbreaking journey in banking.”

    The first device has been launched at IDFC FIRST Bank’s Juhu branch in Mumbai, with plans to deploy similar devices across high-footfall branches and other strategic locations nationwide.


    Mansi Praharaj

  • Real-Time Analytics Reshapes Business Intelligence in the Digital Age

    Real-Time Analytics

    In a groundbreaking research paper published in the International Journal of Computer Engineering and Technology, data scientist Sudheer Chennuri, along with co-authors Kamalendar Reddy Kotha and Venkatarama Reddy Kommidi, explore how real-time analytics is reshaping modern business operations. Their comprehensive analysis reveals that organizations leveraging advanced data engineering techniques are achieving unprecedented levels of operational efficiency, with some reporting up to 50% improvement in decision-making speed and substantial increases in revenue growth.

    The Power of Instant Insights

    Real-time analytics has emerged as a transformative force in the modern business landscape, fundamentally changing how organizations harness data for strategic decisions. The technology’s growing significance is reflected in market valuations, with the global big data and business analytics sector reaching $198.08 billion in 2020. Industry experts forecast this market to expand to $684.12 billion by 2030, demonstrating a robust compound annual growth rate of 13.5%. This remarkable trajectory highlights both the vital role of instant data processing in driving success and the substantial investments organizations are making to maintain their competitive edge in an increasingly data-driven marketplace.

    Architecture of Innovation

    The foundation of real-time analytics is built on four interconnected components that work in seamless harmony to deliver instant business insights. At its core, stream processing engines process millions of events per second, while in-memory computing platforms slash query times from minutes to milliseconds. Supporting these are advanced data ingestion systems that handle massive real-time data volumes, paired with sophisticated visualization tools that convert complex data into actionable intelligence. This integrated ecosystem empowers organizations to make informed decisions at unprecedented speeds, transforming raw data into strategic advantage.

    Transforming Industries Through Technology

    The transformative impact of real-time analytics reaches across diverse industry sectors, driving significant improvements in operational efficiency and decision-making capabilities. In manufacturing, facilities have achieved remarkable results with up to 50% reduction in equipment downtime through predictive maintenance. Healthcare providers have revolutionized patient care by achieving 85% faster detection rates for critical conditions, enabling rapid interventions. The financial sector has witnessed equally impressive gains, with institutions reporting 50% enhancement in fraud detection accuracy while simultaneously reducing false positives by 60%, leading to improved security and customer trust.

    Economic Impact and Performance Metrics

    Real-time analytics has delivered substantial economic returns across industries. Organizations report 30% higher conversion rates and 50% larger order values, while financial firms have revolutionized market trading with microsecond transaction capabilities.

    Overcoming Implementation Challenges

    While real-time analytics offers clear advantages, organizations face significant implementation challenges in their digital transformation journey. Key hurdles include managing enormous data volumes, projected to reach 463 exabytes daily by 2025 while ensuring data quality and system scalability. Security concerns and talent acquisition pose additional challenges, with 67% of organizations struggling to find qualified big data professionals in an increasingly competitive market.

    Future Prospects and Innovation

    The integration of artificial intelligence and machine learning with real-time analytics systems promises to enhance predictive capabilities further. As data volumes grow exponentially and technologies evolve, real-time analytics will become increasingly crucial for business success. The global real-time analytics market is expected to reach $39.9 billion by 2025, growing at a CAGR of 26.8%.

    In conclusion, researcher Sudheer Chennuri and co-authors’ research illustrates how real-time analytics represents more than just technological advancement – it marks a fundamental shift in business operations and competitive dynamics in the digital age. The findings underscore that organizations successfully implementing these systems gain significant advantages in customer experience delivery, operational optimization, and market adaptability. As data volumes continue to grow exponentially, the insights from this research suggest that real-time analytics will become increasingly central to business success in our data-driven world.

  • Railway Concession Card: So many concessional cards issued for the disabled, know how you can avail the benefits

    Railway Concession Card for PwD:  Bhopal Rail Division is constantly making efforts to facilitate the physically handicapped passengers and make their travel easier.

    According to the information received from Divisional Railway Manager Devashish Tripathi and Senior Divisional Commercial Manager Saurabh Kataria, a total of 518 Railway Disabled Concession Cards have been issued by Bhopal Division during this financial year (April to 25 November 2024). Through these concession cards, Divyang passengers are provided with concession in fare as well as the facility to travel with an attendant as per the rules.

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    How can I get this card made?

    This step of Bhopal Railway Division has been taken with the aim of extending the benefits of the concessions being given by the government to as many eligible passengers as possible. To get a Divyang Concession Card, Divyang passengers have to upload a medical certificate issued by the District Medical Officer, a passport size photo, Aadhar card, birth certificate and concession certificate (certified by a doctor for a person who cannot travel without an escort) on the website


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    Jyoti

    Jyoti , has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. She has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com

  • IDFC FIRST Bank Elevates Customer Experience with India’s First AI-Powered Interactive Avatar of Its Brand Ambassador Amitabh Bachchan

    IDFC FIRST Bank Launches India's First AI-Powered Amitabh Bachchan Avatar to Revolutionize Customer Experience

    December 07, 2024,Mumbai, Maharashtra, India : IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country’s most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation. The Holographic Extended Reality (HXR) device, features touch capability, allowing users to interact directly with the digital avatar. Currently, customers can engage with Mr Bachchan’s digital avatar and get information on bank products and services, including Zero Fee Banking, Monthly Interest Credits, Mobile Banking, and the innovative Current Account BRAVO. The Bank will integrate additional product offerings in subsequent phases.

    This revolutionary technology will redefine the banking experience for customers, offering personalized assistance and an immersive service experience. This initiative is in line with IDFC FIRST Bank’s commitment to its digital-first philosophy and innovation-led customer-centric approach.

    Speaking on the launch, Mr Shreepad Shende – Head, Business Excellence & Corporate Strategy at IDFC FIRST Bank, said, “We’re proud to be the first in the banking industry to bring this AI-powered holographic innovation to life. With this, we have created an entirely new way for our customers to interact with us at our select branches, making banking simpler, faster, and more engaging. It has been an amazing journey with Wing Commander Ramesh Pulapaka, CEO & Director – AB Corp. Ltd., from conceptualising this pioneering concept to bringing it to life and I am delighted that IDFC FIRST Bank was first to partner Mr Amitabh Bachchan in this unique journey.”

    Mr Amitabh Bachchan, said, “This unique initiative by IDFC FIRST Bank showcases the possibilities of innovation in creating immersive and meaningful customer experiences. It is fascinating to see how technology continues to evolve and redefine the way we connect with people. I am delighted to see my digital avatar being a part of this revolutionary and groundbreaking journey in banking.”

    The first device has been launched at IDFC FIRST Bank’s Juhu branch in Mumbai, with plans to deploy similar devices across high-footfall branches and other strategic locations nationwide.


    Praveen

  • Four Key trends defining India’s aviation growth in 2024

    Jaideep Mirchandani

    Jaideep Mirchandani, Group Chairman of Sky One says that domestic growth and infrastructure development will help Indian aviation maintain its momentum in the coming year

    India’s aviation sector is witnessing rapid growth, with significant increases in both domestic and international passenger numbers. Jaideep Mirchandani, Group Chairman of Sky One believes that with substantial infrastructure development, enhanced regional connectivity, and strategic government initiatives, Indian aviation will likely experience continued momentum in 2025.

    Here’s Mr Mirchandani’s recap of the key trends India’s aviation sector witnessed this year:

    Domestic Aviation Growth

    According to data from the Civil Aviation Ministry, domestic air passenger traffic has seen a significant rise, with October 2024 recording an increase to around 138.5 lakh passengers, marking a 6.3 percent increase over September’s 130.3 lakh. This reflects a 9.6 percent growth over October 2023. International travel is also on the rise. Official data shows that Indian carriers reported 162.6 lakh international passengers in the first half of 2024, a 16 percent increase over last year and an impressive 46.5 percent jump from pre-COVID levels in 2020. One reason for this surge is the growing desire among India’s youth to explore new destinations, with affordable fares making air travel a convenient choice.

    New Routes and Airports

    According to government data, the number of operational airports in India has doubled from 74 in 2014 to 157 in 2024, with plans to expand this to 350-400 by 2047. The Regional Connectivity Scheme -Ude Desh ka Aam Nagrik (RCS-UDAN) has also been instrumental in connecting underserved and unserved airports across the country by reviving existing airstrips and airports. Official data indicates that 583 RCS routes are now operational, linking 86 airports, including 13 heliports, two water aerodromes, and 12 greenfield airports. International airports in Delhi, Mumbai, Hyderabad, and Bengaluru have achieved Level 4+ Airports Council International (ACI) Accreditation and are undergoing expansion. Moreover, the Noida International Airport is expected to begin operations in the coming year.

    Rise of Spiritual Tourism

    In 2022-2023, the travel and tourism industry contributed about US$199 billion to India’s GDP. According to professional services company Colliers, spiritual tourism holds a 30% market share in the country’s travel and tourism sector and accounts for 60% of the domestic tourism market. Various reports predict that India’s spiritual tourism market will be worth around US$59 billion by 2028. We have also seen airports emerging in smaller cities such as Shirdi and Kushinagar, primarily aimed at the convenience of pilgrims. The increase in passenger numbers at airports in Amritsar, Ayodhya, Varanasi, Dwarka, Puri and Tirupati further indicates the growing popularity of spiritual tourism in India.

    Emergence of New Airlines

    The emergence of new airlines will benefit business travellers as well as domestic passengers. The latest entrant to Indian skies, Shankh Air, has already announced plans to offer convenient travel options for workers in Greater Noida, Meerut, Ghaziabad, Faridabad, and southern Gurgaon. New entrants like Air Kerala, Alhindair will soon offer convenient travel options across South and North India. The increase in the number of flights, especially in the domestic sector, will enhance connectivity on inter- and intra-state routes. This will also help passengers in cities with relatively high demand by providing more direct connectivity options and filling gaps in the market with additional choices.


    Mansi Praharaj

  • New Traffic Rules: Big Update…! Now here every hour a challan of Rs 1000 will be deducted for this mistake

    Two Wheeler New Challan Rules: People often do not wear helmets or forget to wear them while travelling short distances on bikes or scooters. Many times the pillion rider also does not wear a helmet and there is no special penalty for this.

    But now the pillion rider also needs to be cautious. Maharashtra Traffic Department has made a very strict challan rule for this. If the pillion rider on a two-wheeler does not wear a helmet, then Maharashtra Traffic Police will issue a challan of one thousand rupees every hour.

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    This is the new rule of challan

    Maharashtra Traffic Police has issued a rule of challan that strict fines will be imposed on the pillion rider (the person sitting behind the driver) for not wearing a helmet. According to the rule, if both the people sitting on the bike do not wear helmets, then both of them will be fined Rs 1,000 each. This rule will be applicable to everyone from children to adults.

    Relief will be available for one hour only

    According to the challan rules in Maharashtra, a fine of one thousand rupees is being imposed on those without helmets. This fine will be imposed on both the two-wheeler rider and the pillion rider. Once the challan is issued, people will get relief for only one hour. After that, if the mistake is found again, then a fine will be imposed once again.

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  • Ankush Bahuguna recreates 2000s magic with his new video

    Ankush teams up with India’s favorite dance group, Team Naach’s Nicole Concessao, to showcase his impressive dancing skills. Having already wowed audiences with his acting, comedy, and beauty content, Ankush has stepped into the world of dance with a fresh and vibrant spirit. His latest performance on the iconic Bollywood 2000s hit “Tauba Tauba ” has taken social media by storm, turning into a viral trend and delighting fans everywhere.

    In a recent chat with Ananya Panday, Ankush revealed his desire to explore versatility and experiment with different styles of content creation. True to his word, he is setting new benchmarks. This marks Ankush’s second collaboration with Nicole. Their previous video, set to the popular track “Sholon Si” from the movie ‘Shabd,’ was equally well-received.


    Mansi Praharaj

  • Award-Winning Godawan Artisanal Indian Single Malt launches in UK

    A Taste of Indian Excellence: Award-Winning Godawan Artisanal Indian Single Malt launches in UK

    December 07, 2024,London, United Kingdom : Godawan Artisanal Indian Single Malt, Diageo India’s (NSE:UNITDSPR) (BSE:UNITDSPR) most awarded Single Malt made its highly anticipated debut in the United Kingdom, with both Rich & Rounded and Fruit & Spice expressions that have wowed consumers across the world. The celebrated whisky will be available across London starting December. The milestone was celebrated with an exclusive dinner in Central London attended by an intimate group of global consumers, media and local partners. Godawan’s entry into the UK underscores its commitment to serving exceptional Indian craftsmanship and luxury single malts to a global audience.

    Developed under the philosophy and program of The Good Craft Co. – DIAGEO India’s craft and innovation hub, Godawan is rooted in the ideals of mindful luxury. Each bottle of Godawan tells a story of conscious creation, preserving India’s cultural heritage as a brand that is ‘crafted for good’. The liquid uses locally sourced six-row barley and is distilled in Alwar, Rajasthan, at one of the highest-rated sustainable distilleries in the country. The purpose-driven brand is working towards the conservation of the Great Indian Bustard – a majestic bird that symbolizes Godawan’s legacy, heritage, and home, once widespread across India but is now labelled Critically Endangered by the IUCN Red List. With an underlying commitment to conservation, sustainability, and conscious consumption, Godawan is celebrating rarity through its approach to mindful luxury.

    This global expansion comes at the heels of the flagging off the first batch of Godawan earlier this year in New Delhi, India in the presence of Mr. Rajesh Agrawal, Additional Secretary, Ministry of Commerce & Industry, Government of India, and Ms. Debra Crew, Chief Executive of Diageo Plc, Mr. Abhishek Dev, Chairman of APEDA, and Ms. Hina Nagarajan, MD & CEO, Diageo India.

    Recognized with 70 prestigious awards across the world, the whisky embodies Indian craft exceptionalism in all forms. Godawan has also previously launched Godawan 100, winner of the ‘Taste Master of the Year’ at The Spirits Business World Whisky Masters 2024 and ‘Single Malt Whisky of the Year’ at the London Spirits Competition 2024, a limited edition with 100 bottles, an ode to the 100 surviving birds. To delight global travelers, a Duty Free edition was also launched, exclusively available at Dubai Duty Free airport.

    Speaking on the expansion, Hina Nagarajan, Managing Director and CEO of DIAGEO India, said, “This is a momentous occasion for us as a company, and for Indian craft spirits. With its distinctive quality and exceptional craftsmanship, we’re excited to introduce this award-winning Indian single malt to the UK market. We have always said that it’s not just about luxury – but rather luxury with a purpose, which Godawan embodies in every facet. We are thrilled to be able to offer consumers in UK a taste of Indian excellence.”

    Adding to this, Vikram Damodaran, Chief Innovation Officer of DIAGEO India, said, “Godawan is more than a single malt – it is exceptional in every form, a tribute to Indian artistry and heritage, and a rare spirit crafted with a unique purpose. The festive season is a perfect occasion for Whisky lovers and enthusiasts to spend time and explore the pinnacle of Indian craftsmanship by Diageo. This expansion is bringing a taste of that luxury and artistry to people across the world.”

    Godawan is setting the stage for the next leg of luxury – one that is rooted in purpose and backed by authenticity.


    Praveen

  • Personal Loan Default: What action can the bank take against you for not repaying the personal loan, know everything

    Nowadays it has become easy to take a personal loan, but if it is not repaid on time, it can have serious consequences. Customers who do not repay the loan may have to face not only financial but also legal problems. Let us know what can happen if a personal loan defaults.

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    Bad impact on credit score

    If you do not pay your personal loan on time, the first impact is on your credit score. Your credit score gets spoiled, which can make it difficult to get a new loan in the future. You become an unreliable customer for banks and other financial institutions.

    legal action might be taken

    • In case of default in repaying the loan, the bank or financial institution can take legal action.
    • Banks can go to the civil court and file a case against you and demand to seize your property or stop your salary.
    • If the bank feels that you have committed fraud intentionally, a case can be registered under Section 420 of the Indian Penal Code. This also includes a jail sentence.

    Dealing with recovery agencies

    When banks are unable to recover your dues, they take the help of recovery agencies. These agencies try to recover money from you through phone calls and visits. Many times, the customer has to face mental stress and anxiety due to their behavior.

    What do RBI rules say?

    • The Reserve Bank of India has laid down some strict guidelines for recovery of personal loans:
    • It is necessary for banks to give notice to the loan defaulter first.
    • The customer must be treated with respect during recovery.
    • Banks will have to take special care to avoid harassment by recovery agencies.

    What to do if you are unable to repay the loan?

    • If you are not able to repay the loan then talk to the bank.
    • Negotiate repayment plan: You can ask the bank for new payment options or changes in EMIs.
    • Settlement option: A lump sum payment can be arranged by talking to the bank.


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    Previous articleNew Traffic Rules: Big Update…! Now here every hour a challan of Rs 1000 will be deducted for this mistake
    Jyoti

    Jyoti , has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. She has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com