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  • WellSpan Selects Tendo’s Care Connect Platform to Power Employer Healthcare Offerings

    [Philadelphia, PA, August 6th, 2024]—Tendo is announcing today that WellSpan has selected Tendo’s Care Connect platform to bring affordably priced, bundled healthcare offerings to its employers through WellSpan’s Well at Work Bundle Program. Care Connect will provide WellSpan’s employer customer base with predictable, all-inclusive pricing so they can offer employees affordable, high-quality care through the Well at Work Bundle Program.

    With 47% of patients struggling to pay out-of-pocket healthcare expenses, employers face challenges managing high healthcare costs, impacting their budgets and employees’ well-being (Source: Americans’ Challenges with Health Care Costs, KFF, 2024). Tendo’s Care Connect platform enables self-insured employers and care coordinators to effectively plan and manage healthcare costs by easily purchasing transparently priced, bundled procedures. By utilizing Care Connect, the Well at Work Bundle Program seamlessly offers employers and their employees exclusive access to WellSpan’s high-quality healthcare services for orthopedic, spine, pain management, and diagnostic imaging.

    “We are thrilled to partner with Tendo and utilize their innovative Care Connect platform,” said Roxanna Gapstur, PhD, RN, CEO of WellSpan Well at Work. “This enables us to easily direct our Well at Work patients to quality, bundled care options and help employees navigate the complexities of healthcare with ease.”

    For employers, the Well at Work Bundle Program offers the ability to plan and manage healthcare expenses accurately, enhancing employee satisfaction and retention through high-value healthcare benefits. Employers can provide their employees with access to WellSpan’s top-notch healthcare services, improving overall workplace wellness. The program encourages timely medical treatments, minimizes deferred care, and empowers employees with upfront pricing, enabling better financial planning. WellSpan offers dedicated care navigators to guide patients through every step, from selecting physicians to scheduling care and addressing any questions.

    “Tendo is excited to work with WellSpan and amplify their Well at Work Bundle Program by bringing intuitive and innovative technology to the forefront of employee healthcare,” said Charlie Byrge, SVP Tendo Marketplaces. “Our Care Connect platform is designed to simplify the healthcare process, making it easier for employers to manage costs and for employees to access the care they need.”


    Neel Achary

  • Crypto platform WazirX suffers massive cyber attack, loses digital assets worth $234 million

    Crypto platform WazirX suffers mega cyber breach, loses digital assets worth $234 million

    IANS

    India’s leading cryptocurrency exchange WazirX on Thursday said it has suffered a massive data security breach, resulting in the alleged transfer of about $234 million worth of digital assets to a different address, as crypto exchanges continue to face the regulatory heat.

    The crypto platform confirmed the security breach on social media platform X and has temporarily paused customer withdrawals from the exchange.

    “We’re aware that one of our multi-sig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused,” said the company.

    A multisig wallet is a crypto wallet that requires two or more private keys to unlock and withdraw funds.

    In another X post, the company acknowledged a cyber attack occurred in “one of our multisig wallets involving a loss of funds exceeding $230 million”. This wallet was operated utilizing the services of Liminal’s digital asset custody and wallet infrastructure from February 2023.

    cryptocurrency

    According to WazirX, the cyber attack stemmed from a discrepancy between the data displayed on Liminal’s interface and the transaction’s actual contents.

    Last December, the crypto exchange WazirX saw its trading volume nosedive to $1 billion in 2023 — a massive 90 per cent drop from 2022 — amid regulatory pressure from the government and a heavy crypto tax regime. In 2022, the Indian government introduced a 30 per cent tax on virtual currencies and a 1 per cent deduction for every crypto transaction. In the same year, the Enforcement Directorate (ED) investigated several cases under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA) related to cryptocurrencies.

     WazirX’s accounts worth Rs 64.67 crore were frozen in August 2022 after the ED launched a money laundering investigation into the crypto exchange’s alleged role in assisting 16 Indian fintech firms and loan apps by transferring money for them to unknown foreign wallets, according to reports. The ED later lifted the ban on WazirX accessing its bank accounts, allowing the crypto exchange to resume its banking operations.

    (With inputs from IANS)

     

  • Swiggy and Zomato increased platform fees, how much will it affect your pocket?

    Swiggy and Zomato increased platform fees, how much will it affect your pocket?
    Swiggy and Zomato increased platform fees, how much will it affect your pocket?

    Swiggy and Zomato Platform Fees : Food delivery giants Swiggy and Zomato have increased their platform fees. Ordering food from both platforms has become a bit more expensive.

    The companies have increased the platform charge taken from customers per order in major markets like Bengaluru and Delhi. Earlier these companies were charging Rs 5 in these markets. Now Swiggy was hinting at charging a platform charge of Rs 7 in Bengaluru, which has been removed and reduced to Rs 6.

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    Companies had increased prices last year as well

    Let us tell you that both the companies started the platform charge last year, which was initially Rs 2 per order. In April, Zomato increased its platform charge by 25% to Rs 5 per order in major markets including Bengaluru.

    Also Read: Petrol-Diesel Price Today: Petrol-Diesel prices released for all cities, check the latest price quickly

    The company is charging more by showing more and then giving discount

    Zomato and Swiggy have been experimenting with platform charges to increase their overall revenue and profit. In January, Swiggy showed a platform charge of Rs 10 for select users, which was much higher than the Rs 3 charged to many users at that time. Users were shown a charge of Rs 10 and later charged Rs 5 after showing a discount.

    Other companies are charging this much

    Like these platforms, Blinkit and Instamart also charge a similar amount called handling charge. Swiggy Instamart charges Rs 5 per order in Delhi, while Blinkit charges Rs 16. Deepak Shenoy, CEO of Bengaluru-based company CapitalMind, has said that he has reduced ordering from these platforms. On X (formerly Twitter), he wrote that ordering from Swiggy/Zomato has reduced massively, maybe only once in a weekend, like today and saw that their platform charge is now Rs 6. Anyway, they also take 30% from restaurants.

    People are ordering less

    The founder-CEO also revealed that he used to order in about 12 times a week, which has come down to either once a week or once every two weeks. It has become once a week or once in 2 weeks. Home-cooked food is a much healthier option.

     

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  • Getting food on Zomato, Swiggy platforms to cost higher, platform fee increased to Rs 6 now

    Zomato, Swiggy hike platform fee to Rs 6 per order

    IANS

    Food delivery platforms Zomato and Swiggy have once again hiked platform fee to Rs 6 per order from an earlier Rs 5 — a 20 per cent increase.

    Currently being charged in Delhi and Bengaluru, the platform fee is different from delivery fee, goods and services tax (GST), restaurant charges and handling charges.

    The higher platform fee will roll out to other cities as well.

    Zomato, Swiggy

    IANS

    The platform fee goes to the food aggregators to apparently control costs and increase revenues.

    In April, Zomato hiked its platform fee by 25 per cent to Rs 5 per order.

     Zomato introduced a platform fee of Rs 2 in August last year and later increased it to Rs 3 to improve its margins and become profitable.

    The food delivery platforms aim to generate Rs 1.25-1.5 crore a day by levying a platform fee.

    (With inputs from IANS)

     

     

  • MIRAI JMAC and Prathamus Ventures Unveils Global Real Estate Platform for Indian and International Investors Looking at India Consumption and UAE as Fulcrum and Japanese Investment

    MIRAI JMAC and Prathamus Ventures Unveils Global Real Estate Platform for Indian and International Investors Looking at India Consumption and UAE as Fulcrum and Japanese Investment

    Saturday, July 13,Delhi, India : MIRAI JMAC (MIRAI), a leading advisory and growth consulting firm, proudly announces a strategic partnership with Prathamus Ventures, a distinguished vertically integrated fund management company, to lead real estate investments in India. This collaboration establishes an Alternative Investment Fund (AIF) platform in India, focusing on Category 2 AIF to attract funds from Family Offices, HNIs, Super HNIs, and notably, NRI investors, contributing to India’s burgeoning real estate sector.

    MIRAI also recently announced the creation of MIRAI Capital Global (MCG) with an initial corpus of US $1.5 billion, followed by MCG’s appointment of distinguished industry leaders to its investment team and advisory board. MIRAI continues to add family office capital to its LP list from Japan Sea and Middle East. US tech leaders, Funds and European family businesses are also working with MIRAI to help scale their current business in UAE creating a fulcrum for the consumption story in India SEA and MENA region.

    As of the fiscal year 2021-22, the real estate sector alone contributed approximately 7.3% to the Indian GDP and is poised for significant growth in the coming decade. This partnership underscores MIRAI’s shared commitment to the real estate and infrastructure industry providing strategic partnership, growth management, human resource and investment avenues and fostering sustainable growth in the Indian real estate market.

    This collaboration marks a significant stride in scaling up MIRAI’s real estate investments in India while providing essential support to partner firms looking to expand their ventures into the growing India-UAE corridor. MIRAI takes deep interest in governance and qualitative value for NRIs who are investing both personally and bringing their businesses overseas. Prathamus will closely work with MIRAI for developing new leaders in India, SEA and Middle East markets for benefits of NRI investment. The Real Estate Investment Platform is tailored for mid to large real estate developers in India poised for growth, aiming to elevate them into global brands through joint ventures with The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi (RFO) in the UAE. Emphasizing growth capital, the platform fosters investment and marketing partnerships between targeted real estate developers and RFO, with a sharp focus on the India-UAE growth corridor. Additionally, the partnership will enhance the NRI sales volume of Indian developments, aligning with the Indian government’s initiatives to leverage NRI contributions for the nation’s growth trajectory.

    RFO, with its rich legacy and strategic partnerships facilitated by MIRAI, is poised to explore the potential of introducing branded residences in key metropolitan areas such as Delhi NCR, Mumbai Metropolitan Region (MMR), Pune, and Bangalore. This initiative represents a significant step for RFO into the real estate sector, in line with its vision to provide innovative, high-quality living spaces that meet the demands of modern urban lifestyles. By integrating branded residences into these vibrant urban landscapes, RFO aims to set new benchmarks for luxury living while promoting sustainable development practices and fostering dynamic communities. This strategic move reflects RFO’s unwavering commitment to excellence and its ambition to shape the future of real estate in India’s most sought-after cities.

    Amb. Dunston Pereira, CEO of The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi, Dubai, United Arab Emirates, shared his thoughts and stated, “The strategic partnership between MIRAI, Prathamus Ventures, and RFO marks an exciting development for the real estate investment landscape. This collaboration reaffirms our commitment to fostering sustainable growth and providing strategic investment opportunities, particularly within the India-UAE corridor. We are confident that this partnership will unlock new avenues for growth and development, contributing significantly to both the Indian and UAE economies.”

    Pranav Jyoti, Managing Partner of MIRAI JMAC and CIO of The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi, Dubai, United Arab Emirates, expressed enthusiasm about the partnership, stating, “As we welcome Prathamus Ventures and Mr Ashok Kinha into our fold, we’re embarking on an exciting journey to fortify our position in the real estate and infrastructure investment arena. With the expertise of Prathamus Ventures’ specialized platform backed by a deeply networked team and strong real estate expertise, we are primed to explore untapped opportunities and diversify our investment portfolios. This collaboration speaks volumes about our dedication to innovation and delivering maximum returns for our stakeholders. Brace yourselves for the transformative prospects that lie ahead as we forge ahead with this dynamic alliance. In addition to the collaboration, the UAE JV setup would forge new avenues for our partners before, during, and post-deployment of the growth capital.”

    Managing Directors Ashok Kinha and Prashant of Prathamus Ventures Pvt. Ltd. also shared their excitement about the partnership, stating, “We are thrilled to partner with MIRAI JMAC to launch the AIF platform in India and offer investments through existing funds and follow-on AIFs. This initiative represents our shared vision to unlock the potential of the Indian market and deliver exceptional value to investors.”

    Vinoth Beemjee, Senior Partner of MIRAI JMAC and MIRAI Capital Global, underscored the game-changing potential of this collaboration, stating, “As custodians of our narrative, I am thrilled to steer the ship alongside this pivotal partnership. With Prathamus Ventures as our steadfast ally, we envision a horizon brimming with growth and innovation. Together, we’ll explore new frontiers in real estate investment, propelling our collective journey toward unparalleled success. This collaboration signals just the dawn of an exciting chapter, and I eagerly anticipate the transformative impact we’ll forge together. Our focus on identifying the hidden gems among India’s real estate developers and investing in them through our partnership with RFO is precisely what the market demands. Moreover, it will further integrate the vast NRI population of the UAE and GCC into investing in real estate projects in India.”

    The partnership between MIRAI JMAC and Prathamus Ventures represents a significant step towards enhancing investment opportunities and driving sustainable growth in the Indian real estate sector. This dynamic alliance sets the stage for innovative approaches and strategic investments that will reshape the landscape of real estate investments in India.


    Praveen

  • Udyog Plus Emerges As A Strong MSME Lending Platform


    Udyog Plus, a B2B platform from Aditya Birla Finance Limited (“ABFL”),

    Facilitating access to finance in two minutes for MSMEs, over 8 lakh registrations, and ₹500 crores disbursed in nine months

    MUMBAI: Udyog Plus, a B2B platform from Aditya Birla Finance Limited (“ABFL”), the lending subsidiary of Aditya Birla Capital Limited (“ABCL”), is capitalizing on its growth trend. Within nine months of its launch, the platform has attracted over 8 lakh users, highlighting its strong acceptance in the MSME sector.  ABFL has played a major role in facilitating access to finance in two minutes for MSMEs.

    Udyog Plus has facilitated loan disbursements exceeding ₹500 crore, with the Aditya Birla Group (ABG) ecosystem contributing about two-thirds of this amount. The platform manages an AUM of around ₹250 crore, serving various lending needs, including unsecured business loans, merchant loans, supply chain finance, and working capital solutions. Additionally, many customers use Udyog Plus to access insurance solutions along with loans.

    ABFL is expanding Udyog Plus within the ABG ecosystem and reaching a broader MSME audience. The platform has partnered with major ecosystems such as e-commerce and digital platforms, business management platforms, and Digital Public Infrastructure like OCEN and ONDC. These partnerships enhance the platform’s offerings and reach.

    Udyog Plus also provides value-added services such as business networking, digital commerce, and applications for accounting and payroll, helping MSMEs streamline their operations. The platform, including its mobile app, offers a complete digital journey from underwriting to collections, ensuring a seamless financing experience.

    As Udyog Plus continues to expand, ABFL remains committed to delivering sustainable returns and enhancing its capacity to serve MSMEs. This growth aligns with the increasing credit disbursement trend to micro, small, and medium-sized enterprises.

    Recently, it has been observed that the MSME sector in India is experiencing a credit boom, with credit to micro and small enterprises growing by 18.6% to ₹19.64 lakh crore in April 2024 compared to the previous year. Similarly, credit to medium-sized organizations also jumped by 16.5% during the same period.

  • Udyog Plus Emerges As A Strong MSME Lending Platform


    Udyog Plus, a B2B platform from Aditya Birla Finance Limited (“ABFL”),

    Facilitating access to finance in two minutes for MSMEs, over 8 lakh registrations, and ₹500 crores disbursed in nine months

    MUMBAI: Udyog Plus, a B2B platform from Aditya Birla Finance Limited (“ABFL”), the lending subsidiary of Aditya Birla Capital Limited (“ABCL”), is capitalizing on its growth trend. Within nine months of its launch, the platform has attracted over 8 lakh users, highlighting its strong acceptance in the MSME sector.  ABFL has played a major role in facilitating access to finance in two minutes for MSMEs.

    Udyog Plus has facilitated loan disbursements exceeding ₹500 crore, with the Aditya Birla Group (ABG) ecosystem contributing about two-thirds of this amount. The platform manages an AUM of around ₹250 crore, serving various lending needs, including unsecured business loans, merchant loans, supply chain finance, and working capital solutions. Additionally, many customers use Udyog Plus to access insurance solutions along with loans.

    ABFL is expanding Udyog Plus within the ABG ecosystem and reaching a broader MSME audience. The platform has partnered with major ecosystems such as e-commerce and digital platforms, business management platforms, and Digital Public Infrastructure like OCEN and ONDC. These partnerships enhance the platform’s offerings and reach.

    Udyog Plus also provides value-added services such as business networking, digital commerce, and applications for accounting and payroll, helping MSMEs streamline their operations. The platform, including its mobile app, offers a complete digital journey from underwriting to collections, ensuring a seamless financing experience.

    As Udyog Plus continues to expand, ABFL remains committed to delivering sustainable returns and enhancing its capacity to serve MSMEs. This growth aligns with the increasing credit disbursement trend to micro, small, and medium-sized enterprises.

    Recently, it has been observed that the MSME sector in India is experiencing a credit boom, with credit to micro and small enterprises growing by 18.6% to ₹19.64 lakh crore in April 2024 compared to the previous year. Similarly, credit to medium-sized organizations also jumped by 16.5% during the same period.

  • AlbiMarketing Introduces Platform to Enhance Employee Wellbeing and Foster Inclusive Cultures

    Helsinki, Finland, May 29, 2024 –Amid the continued results of the COVID-19 pandemic, prioritizing worker wellbeing has turn out to be paramount for companies worldwide. Research signifies that our world neighborhood has grown more and more sad, anxious, and burdened, underscoring the significance of methods that assist workers’ psychological well being and general wellbeing.A basic factor in enhancing worker wellbeing is cultivating a way of social belonging within the office.

    When workers really feel deeply related to their group, colleagues, and their work, they exhibit larger ranges of engagement, productiveness, and dedication. Introducing AlbiMarketing, an revolutionary communication platform designed to assist organizations foster environments the place belonging and acceptance thrive. Through horizontal communication, AlbiCoins enhances belief and encourages open suggestions amongst workers.”Our platform is based on the precept that inclusivity is significant for worker wellbeing,” said AlbiMarketing CEO, Natalia Illarionova. “We present instruments that facilitate recognition, have fun numerous milestones, and contain workers in decision-making processes, serving to to create cultures the place each particular person feels valued and revered.”

    AlbiMarketing includes a easy reward system that permits workers to acknowledge and have fun their colleagues’ achievements. The platform’s voting instruments and surveys permit organizations to acquire worker enter on insurance policies, practices, and office enhancements, guaranteeing that their voices are heard and valued. Beyond AlbiMarketing, organizations can additional improve inclusivity by embracing numerous hiring practices, updating mentorship and buddy packages, and providing coaching that raises consciousness of biases, promotes open communication, and fosters empathy amongst crew members.

    By prioritizing worker wellbeing and implementing methods to nurture a way of belonging, organizations can enhance retention, elevate engagement, and finally drive success in at present’s aggressive enterprise panorama.


    Praveen

  • X platform now has 600 million monthly active users: Musk

    Neighbours fume at new X logo, Musk says won't leave San Francisco

    Neighbours fume at new X logo, Musk says won’t leave San FranciscoIANS

    Tesla CEO Elon Musk on Friday said that his X social media platform has reached 600 million monthly active users (MAUs).

    Musk, who acquired the platform in 2022 for $44 billion, is making it an “everything app” where people can post movies and TV shows and also make digital payments.

    “X has 600 million monthly active users, about half of which use the platform every day,” the tech billionaire said in a post.

    The X users reacted, saying it is the best platform on earth. Super chats will also arrive for live content on X soon, according to Musk. Paid users can also post movies, TV series, or podcasts on the platform and earn money.

    musk

    IANS

    Musk has also informed his followers that the ‘AI Audiences’ feature is coming soon. According to him, AI systems will generate a pool of the most relevant X users to target in seconds for the posts.

    The X owner recently announced that new users may soon be charged for posting content on the social platform.

    “Current AI (and troll farms) can pass ‘are you a bot’ with ease,” Musk had posted. The platform began charging new unverified users $1 per year in New Zealand and the Philippines in October last year.

    (With inputs from IANS)

  • ZF Group Launches India Metaverse Platform for Talent Acquisiti

    ZF Group Launches India Metaverse Platform for Talent Acquisition and EngagementPune, India May 21, 2024: ZF introduced the launch of its Employer Branding Metaverse. This state-of-the-art digital atmosphere is ready to redefine the requirements of expertise acquisition and employer branding by merging revolutionary know-how with interactive candidate engagement. Beyond studying about ZF on the profession web site, candidates can now dive right into a digital world tailor-made to showcase the essence of the model, the company tradition, and the thrilling alternatives that await them.

    Mr. Akash Passey, President, ZF Group India famous, “We are happy to announce the launch our ZF Metaverse India Space – a digital initiative to draw and develop expertise. This immersive digital area will permit potential candidates to expertise ZF’s firm tradition, work atmosphere and companies firsthand. In our digital world, candidates will get a real-time glimpse into what it’s wish to work at ZF Group. They can just about work together with hiring managers, perceive the assorted positions and profession choices open to them, and get a really feel of our collaborative work tradition and revolutionary practices that affect the way forward for mobility. The Metaverse is an ideal instance of how know-how can create a really distinctive and fascinating expertise for our future workforce.”

    “The ZF Employer Branding Metaverse affords a complete and immersive expertise, permitting potential candidates and present workers to discover merchandise and profession alternatives and to have interaction in reside occasions in an interactive, digital world,” says Martin Maas, Head of Employer Branding at ZF. “This initiative underscores our dedication to innovation, not solely inside our product traces, which already profit from X-Reality options, but additionally in our recruitment and worker engagement methods.”

    Centrally featured within the Metaverse is a worldwide area that gives guests with a wide selection of details about the corporate’s aims and world attain. Complementing this are 5 regional areas, that highlight particular nations and areas the place ZF operates. These devoted zones cater to the native nuances {and professional} alternatives out there, showcasing the corporate’s intensive footprint and inclusive tradition.

    The Metaverse atmosphere is supplied with a number of key options designed to reinforce consumer interplay and engagement:

    • Direct Recruitment Tools: Potential candidates can schedule one-on-one conferences with recruiters via an built-in on-line calendar out there in every regional area. The candidate decides whether or not the assembly will happen through a video assembly device or inside a Metaverse interview room by utilizing an avatar.
    • Employee Spotlights and Live Events: The platform affords insights into the lives of worker ambassadors and hosts reside occasions to facilitate real-time interplay and engagement.
    • Interactive Coin Game: Users earn cash by participating with varied content material, gamifying the educational expertise concerning the firm’s milestones and improvements.

    In addition to exterior recruitment, the Metaverse serves an inside operate by internet hosting digital profession festivals in step one. These festivals permit hiring managers to advertise open positions and work together straight with inside candidates in confidential digital interview rooms, supporting the corporate’s deal with inside mobility and profession improvement. Further inside use circumstances are at present being developed for world rollout.

    For ZF Group it is very important present new alternatives for our workers and to draw expertise to assist the corporate’s transformation, particularly in future-oriented know-how areas. The new Metaverse, has been largely developed with inside sources and helps in each duties.


    Mansi Praharaj