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Tag: recognition

  • ESAF Bank Opens New Corporate Office Annex In Mumbai


    Satish K Marathe, Director, Central Board of Reserve Bank of India inaugurating ESAF Bank’s new corporate office annex in Mumbai. Shaji K V Chairman, National Bank for Agriculture and Rural Development (NABARD), K Paul Thomas, Managing Director and Chief Executive Officer, Saleena George, chairman, ESAF Cooperative, Hari Velloor, Executive Vice President of ESAF Bank, Alok Thomas Paul, MD, CEDAR Retail were also seen.

    MUMBAI:  ESAF Small Finance Bank, one of the leading small finance banks in India, has opened its new Corporate Office Annex in Mumbai. The office was inaugurated by Satish K Marathe, Director, Central Board of Reserve Bank of India. Shaji K V Chairman, National Bank for Agriculture and Rural Development (NABARD) was the guest of honour, K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Bank, presided over the function. The new office is located at Adani Inspire in the G Block of the Bandra-Kurla Complex, one of the city’s key business hubs.

    The new office is expected to play a pivotal role in enhancing the bank’s operational efficiency and presence in the financial hub of India. This new office is a testament to our commitment to expanding our footprint and serving our customers more effectively. We are excited about the opportunities this new location will bring in terms of growth and service excellence said K. Paul Thomas, Managing Director and CEO of ESAF Small Finance Bank.

    Milind Anant Kale, Chairman, Cosmos Co-Operative Bank, Ravi Venkatraman, Director, Hari Velloor, Executive Vice President, Hemant Tamta, Executive Vice President, Bosco Joseph, Senior Vice President, Sreekanth C. K., Head, Marketing & PR of ESAF Small Finance Bank and senior bank officials were also spoke on the occasion.

  • Indian-Origin US Scientist Srinivas R. Kulkarni Awarded With The Prestigious Shaw Prize In Astronomy For 2024


    Srinivas R. Kulkarni

    INDIA: Kulkarni, who serves as the George Ellery Hale Professor of Astronomy and Planetary Science at Caltech has been awarded the Shaw Prize in Astronomy for 2024 for his groundbreaking discoveries on millisecond pulsars, gamma-ray bursts, supernovae, and other transient astronomical phenomena. The award citation further states that Kulkarni’s “contributions to time-domain astronomy culminated in the conception, construction, and leadership of the Palomar Transient Factory (PTF) and its successor, the Zwicky Transient Facility (ZTF), which have revolutionized our understanding of the time-variable optical sky.”

    One of his numerous accomplishments includes serving as the director of Caltech Optical Observatories from 2006 to 2018. Kulkarni’s pioneering work in time-domain astronomy, notably through the Palomar Transient Factory and the Zwicky Transient Facility, has significantly enhanced the understanding of the dynamic sky. The Shaw Prize Foundation stated, “The Shaw Prize in Astronomy is awarded to Shrinivas R. Kulkarni for his ground-breaking discoveries about millisecond pulsars, gamma-ray bursts, supernovae, and other variable or transient astronomical objects.”

    Developed by the late Hong Kong philanthropist Run Run Shaw, the Shaw Prize consists of three annual awards in Astronomy, Life Science and Medicine, and Mathematical Sciences, each with a monetary award of USD 1.2 million.

    This year marks the 21st time the prize has been awarded. Run Run Shaw, who is known for his philanthropy in education, scientific research, healthcare, and the arts, established the Shaw Prize, sometimes called the “Nobel of the East,” The Shaw Foundation Hong Kong and The Sir Run Run Shaw Charitable Trust continue to support these areas.

    Kulkarni’s career is distinguished by numerous notable achievements. As detailed in his biography on Caltech’s website, he received his Master of Science degree from the Indian Institute of Technology in 1978 and his PhD from the University of California in 1983. He led the Caltech Optical Observatories as director from 2006 to 2018, significantly advancing the field of observational astronomy. Kulkarni has received many awards, including the National Science Foundation’s Alan T. Waterman Award and the Dan David Prize. He has also authored or co-authored more than 60 papers in the journal Nature by the age of 60.

    Under Kulkarni’s guidance, the Palomar Transient Factory made several discoveries in astronomy. The Zwicky Transient Facility has continued this work and helped astronomers study, and understand transient cosmic events. These projects have allowed scientists to observe and analyze short-lived astronomical phenomena, greatly expanding our knowledge of the universe.

    Photo source from Caltech

  • Leeds United Southampton Battle For Promotion In Football’s Richest Match’


    Leeds United, Southampton battle for promotion in ‘football’s richest match’

    MUMBAI: Leeds United and Southampton F.C. are set to battle it out for promotion in the upcoming EFL Championship final scheduled to be held on May 26 at Wembley Stadium. With the result dictating promotion into the prestigious Premier League, the matchup is positioned as “football’s richest match”, due to the commercial and media benefits that come with securing promotion. Independent reports say that the winning club is likely to be richer by almost $470m due to additional revenue streams, including TV deals and sponsorships.

    Football fans can watch all the action on FanCode’s mobile app (Android, iOS), TV app available on Android TV, Amazon Fire TV Stick, Jio STB, Samsung TV, and on partner platforms Airtel XStream, OTT Play, Jio TV, Jio TV+, Vodafone Idea, Prime Video Channels, and www.fancode.com.

    Booking their place with a convincing 3-1 victory over West Brom, Southampton will be relying on striker Adam Armstrong to once again fire on all cylinders. With a late brace in the return fixture putting the Saints within touching distance of a return back to the Premier League, all eyes will be on the English talisman to once again deliver the goods on the big stage.

    Meanwhile, Leeds United will be aiming to replicate the success of Luton Town; Winners of last year’s dramatic playoff final. No strangers to the EFL Championship Playoffs & the Premier League, Leeds will look towards the attacking prowess of their front four marksmen, who made light work of Norwich City in their 4-0 victory at Elland Road.

    Both sides will also be eyeing immediate promotion to the Premier League. Leicester City and Ipswich Town have already secured promotion by finishing in the top 2 positions respectively.

    A winner-takes-all clash in every sense of the word, the nail-biting affair promises high-octane football action, dreams of Premier League participation, and a place to witness history in the making for football enthusiasts across the globe. 

    What time would the promotions play-off final be broadcast in India?  

    The EFL Championship final will kick off at 7:30 PM IST on May 26.

    How to watch the promotions play-off final in India? 

    Football fans can watch all the action on FanCode’s mobile app (Android, iOS), TV app available

  • Prachay Capital Revolutionizes Real Estate Financing with Innovative Options for Aluform


    Girish Lakhotiya, CEO of Prachay Capital

    PUNE: In a significant development poised to reshape the landscape of real estate financing, Prachay Capital, a prominent non-banking financial company (NBFC) based in Pune, has forged a strategic partnership with leading Aluform manufacturer Knest, to introduce pioneering financing solutions.

    The collaboration between Prachay Capital and Knest comes as a boon to the real estate sector, particularly in Pune, where capital-intensive projects often face challenges in securing timely funding. Aluform, a cutting-edge technology essential for high-rise buildings and expansive projects, previously sourced mainly from Korean companies, has seen a notable shift towards Indian suppliers in recent years. Knest, led by Mr. Nitin Mittal, has emerged as a key player in this domain, capturing a significant market share.

    Recognizing the critical role of Aluform in project economics and the absence of dedicated financing options, Prachay Capital has introduced two innovative products – Equipment Lease Finance (ELF) and Equipment Purchase Finance (EPF). These solutions alleviate cash flow constraints for developers by offering flexible payment schedules, thus enabling smoother project execution.

    The unveiling of these ground-breaking products took place at YouthCon, Delhi in March 2024, garnering enthusiastic responses from industry leaders and developers nationwide. The initiative has been lauded for its forward-looking approach, marking a departure from traditional lending practices in the real estate sector.

    The partnership between Knest and Prachay Capital signifies a win-win scenario for both manufacturers and developers. Knest can now provide its customers with exclusive payment facilities, while developers benefit from more manageable payment terms, reducing financial strain during project initiation.

    Girish Lakhotiya, CEO of Prachay Capital, commented, “We are excited to pioneer innovative financing solutions tailored to the evolving needs of the real estate sector. Our collaboration with Knest underscores our commitment to driving positive change and facilitating growth in the industry.“

    With a track record of developing avant-garde financial products, Prachay Capital is poised to reshape the dynamics of real estate financing. As new-age NBFCs continue to innovate, the banking industry can expect a paradigm shift in its approach towards supporting the burgeoning real estate market.

  • Prachay Capital Revolutionizes Real Estate Financing with Innovative Options for Aluform


    Girish Lakhotiya, CEO of Prachay Capital

    PUNE: In a significant development poised to reshape the landscape of real estate financing, Prachay Capital, a prominent non-banking financial company (NBFC) based in Pune, has forged a strategic partnership with leading Aluform manufacturer Knest, to introduce pioneering financing solutions.

    The collaboration between Prachay Capital and Knest comes as a boon to the real estate sector, particularly in Pune, where capital-intensive projects often face challenges in securing timely funding. Aluform, a cutting-edge technology essential for high-rise buildings and expansive projects, previously sourced mainly from Korean companies, has seen a notable shift towards Indian suppliers in recent years. Knest, led by Mr. Nitin Mittal, has emerged as a key player in this domain, capturing a significant market share.

    Recognizing the critical role of Aluform in project economics and the absence of dedicated financing options, Prachay Capital has introduced two innovative products – Equipment Lease Finance (ELF) and Equipment Purchase Finance (EPF). These solutions alleviate cash flow constraints for developers by offering flexible payment schedules, thus enabling smoother project execution.

    The unveiling of these ground-breaking products took place at YouthCon, Delhi in March 2024, garnering enthusiastic responses from industry leaders and developers nationwide. The initiative has been lauded for its forward-looking approach, marking a departure from traditional lending practices in the real estate sector.

    The partnership between Knest and Prachay Capital signifies a win-win scenario for both manufacturers and developers. Knest can now provide its customers with exclusive payment facilities, while developers benefit from more manageable payment terms, reducing financial strain during project initiation.

    Girish Lakhotiya, CEO of Prachay Capital, commented, “We are excited to pioneer innovative financing solutions tailored to the evolving needs of the real estate sector. Our collaboration with Knest underscores our commitment to driving positive change and facilitating growth in the industry.“

    With a track record of developing avant-garde financial products, Prachay Capital is poised to reshape the dynamics of real estate financing. As new-age NBFCs continue to innovate, the banking industry can expect a paradigm shift in its approach towards supporting the burgeoning real estate market.

  • Dreamtime Learning Hub Launches Its Evolving Micro-School Concept in Pune

    School to focus on interactive and immersive Learning catering to the age group of 3 to 16 years

    PUNE: Dreamtime Learning Hub adds another feather to its success by opening a new micro-schooling center in Pune. The center is situated in the prime location of eastern Pune -Kalyani Nagar, and it aims to provide an immersive and interactive learning environment. The hub is partnered with Goenka Education and named Goenka Education’s Dreamtime Learning Hub. Its Hyderabad hub has witnessed huge success in one year, aiming to achieve a similar milestone, Dreamtime Learning Hub recently organized a press meet giving the first-hand experience of all modules and space. 

    The event aims to highlight the legacy of Ms Lina Ashar in the field of education, the need for creative educational models, and the increasingly popular idea of micro-schooling in Pune. Additionally, the event also highlighted raising awareness of Dreamtime Learning Hub’s innovative approaches and game-changing technologies including its immersive Makerspace experiences. 

    In India, the concept of ‘micro-schooling’ is becoming increasingly popular. This community-based concept exclusively focuses on hyper-personalized curriculum and is also becoming an emerging trend in the Indian market. Microschooling is becoming more and more popular among parents because of its affordability, individualized instruction, and flexibility when compared to traditional schooling. It features a smaller student-teacher ratio and is motivated by the growing need for flexible education options.

    Lina Ashar, Founder of Dreamtime Learning Hub, said, “We are excited and elated with the phenomenal feedback we received on building a micro-school. Our decision to expand to Pune is evidence of our success in Hyderabad in just a single year. Having worked in the education sector for more than thirty years, I have witnessed a significant shift in the way that learning is accomplished, and Dreamtime Learning Hub is a prime example of this change. In contrast to the conventional model, it is encouraging to see parents adopting personalized learning. We encourage the value of fostering social-emotional learning, fostering cooperation, and providing hyper-individualized instruction. In my opinion, education is a transformative experience that enables individuals to fulfill their potential, find their passions, and positively impact the world.”

    Speaking on the Launch, Sudhir Chandra Goenka, Chairman of Goenka Global Education said, “Today marks an important milestone in our journey to redefine education. The opening of our new micro-school, Dreamtime Learning hub Pune, marks our commitment to unlocking every child’s full potential and instilling a love of learning. Here, we’re not just building new classrooms. We’re creating spaces where curiosity reigns supreme, where students are the architects of their knowledge, and dreams soar high. Let’s take this journey together, redefining education one student at a time.”

    The hub is enrolling learners aged 3 to 16, bringing an exclusive community of 180 learners who can co-create and learn alongside the child in an experiential, engaging, and collaborative environment. Additionally, to give an immersive experience, the hub offers exceptional facilities catering to student’s diverse needs, including the community hub, studio space, drone, robotic space, the learning hub, tree house, animal petting corner, and more.

    Sapna Agarwal, Principal/Hub Champ, Dreamtime Learning Hub Pune, said, “I am glad and excited to be a driving force at Dreamtime Learning Hub Pune, continuing the remarkable legacy of Ms. Lina Ashar’s 35 years of dedication. As we expand our reach into other metropolitan areas, our goal is not just to expand our reach, but to maintain the quality and innovation, that has defined our expertise in the education landscape. We believe that every child deserves access to high-quality education tailored to their unique needs and interests. Through this concept of micro-schooling, we aim to create a nurturing environment where students can thrive academically, socially, and emotionally. Together we will shape the next generation, instilling a passion for learning and helping young minds achieve their full potential. The impact we are making on the education landscape in Pune city, with our micro school model is mind-boggling, and I can’t wait to see what opportunities & challenges lie ahead.”

    With its state-of-the-art facilities, Dreamtime Learning Hub is poised to replicate its successful model in other academic hubs like Bangalore, Chennai, and Delhi. This expansion is a testament to our commitment to providing high-quality, innovative education tailored to the unique needs and interests of every child.

  • Dreamtime Learning Hub Launches Its Evolving Micro-School Concept in Pune

    School to focus on interactive and immersive Learning catering to the age group of 3 to 16 years

    PUNE: Dreamtime Learning Hub adds another feather to its success by opening a new micro-schooling center in Pune. The center is situated in the prime location of eastern Pune -Kalyani Nagar, and it aims to provide an immersive and interactive learning environment. The hub is partnered with Goenka Education and named Goenka Education’s Dreamtime Learning Hub. Its Hyderabad hub has witnessed huge success in one year, aiming to achieve a similar milestone, Dreamtime Learning Hub recently organized a press meet giving the first-hand experience of all modules and space. 

    The event aims to highlight the legacy of Ms Lina Ashar in the field of education, the need for creative educational models, and the increasingly popular idea of micro-schooling in Pune. Additionally, the event also highlighted raising awareness of Dreamtime Learning Hub’s innovative approaches and game-changing technologies including its immersive Makerspace experiences. 

    In India, the concept of ‘micro-schooling’ is becoming increasingly popular. This community-based concept exclusively focuses on hyper-personalized curriculum and is also becoming an emerging trend in the Indian market. Microschooling is becoming more and more popular among parents because of its affordability, individualized instruction, and flexibility when compared to traditional schooling. It features a smaller student-teacher ratio and is motivated by the growing need for flexible education options.

    Lina Ashar, Founder of Dreamtime Learning Hub, said, “We are excited and elated with the phenomenal feedback we received on building a micro-school. Our decision to expand to Pune is evidence of our success in Hyderabad in just a single year. Having worked in the education sector for more than thirty years, I have witnessed a significant shift in the way that learning is accomplished, and Dreamtime Learning Hub is a prime example of this change. In contrast to the conventional model, it is encouraging to see parents adopting personalized learning. We encourage the value of fostering social-emotional learning, fostering cooperation, and providing hyper-individualized instruction. In my opinion, education is a transformative experience that enables individuals to fulfill their potential, find their passions, and positively impact the world.”

    Speaking on the Launch, Sudhir Chandra Goenka, Chairman of Goenka Global Education said, “Today marks an important milestone in our journey to redefine education. The opening of our new micro-school, Dreamtime Learning hub Pune, marks our commitment to unlocking every child’s full potential and instilling a love of learning. Here, we’re not just building new classrooms. We’re creating spaces where curiosity reigns supreme, where students are the architects of their knowledge, and dreams soar high. Let’s take this journey together, redefining education one student at a time.”

    The hub is enrolling learners aged 3 to 16, bringing an exclusive community of 180 learners who can co-create and learn alongside the child in an experiential, engaging, and collaborative environment. Additionally, to give an immersive experience, the hub offers exceptional facilities catering to student’s diverse needs, including the community hub, studio space, drone, robotic space, the learning hub, tree house, animal petting corner, and more.

    Sapna Agarwal, Principal/Hub Champ, Dreamtime Learning Hub Pune, said, “I am glad and excited to be a driving force at Dreamtime Learning Hub Pune, continuing the remarkable legacy of Ms. Lina Ashar’s 35 years of dedication. As we expand our reach into other metropolitan areas, our goal is not just to expand our reach, but to maintain the quality and innovation, that has defined our expertise in the education landscape. We believe that every child deserves access to high-quality education tailored to their unique needs and interests. Through this concept of micro-schooling, we aim to create a nurturing environment where students can thrive academically, socially, and emotionally. Together we will shape the next generation, instilling a passion for learning and helping young minds achieve their full potential. The impact we are making on the education landscape in Pune city, with our micro school model is mind-boggling, and I can’t wait to see what opportunities & challenges lie ahead.”

    With its state-of-the-art facilities, Dreamtime Learning Hub is poised to replicate its successful model in other academic hubs like Bangalore, Chennai, and Delhi. This expansion is a testament to our commitment to providing high-quality, innovative education tailored to the unique needs and interests of every child.

  • Lexicon Rainbow Therapy And Child Development Centre Welcomes Students For An Immersive Learning Experience

    PUNE: Lexicon Rainbow Therapy and Child Development Centre, nestled in the heart of Pune, stands as a beacon of hope and support for children and families navigating the challenges of neurodevelopmental disorders. Founded with a vision to provide holistic care and specialized interventions, Lexicon Rainbow offers a range of services tailored to meet the unique needs of each child.

    At the core of Lexicon Rainbow’s approach is a team of dedicated professionals comprising psychologists, therapists, special educators, and allied health professionals. With their collective expertise and unwavering commitment, they work tirelessly to empower children with neurodevelopmental disorders to reach their full potential.

    Beyond its clinical offerings, Lexicon Rainbow is deeply invested in community outreach and advocacy initiatives aimed at raising awareness and promoting acceptance of neurodiversity. Through workshops, seminars, and collaboration with educational institutions, the center strives to foster a more inclusive society where every individual is valued and supported.

    “Awareness is the first step to making society inclusive and what better than bringing this awareness to the youngsters who will be future torch-bearers of our country? We will encourage and continue such awareness programs and institutional visits for the students.”, said Monisha Sharma, Co-Founder & Director, of The Lexicon Group.

    Lexicon Rainbow Therapy and Child Development Centre opened its doors to a group of eager learners studying Psychology. The occasion marked a collaborative effort to delve into the intricacies of neurodevelopment disorders, with students engaging in an enriching exploration of child development milestones, diagnosis, interventions, and available resources.

    Guided by a spirit of inquiry and a thirst for knowledge, the students immersed themselves in dynamic discussions and interactive sessions facilitated by the center’s experienced staff. Through close engagement with professionals and fellow students, they sought to gain valuable insights and experiences aimed at deepening their understanding of neurodevelopmental disorders.

    “Awareness is the way forward. By encouraging such visits from students it gives them a lot of clarity about what they are studying in their books. It will also help them to further select their expertise for a successful career.”, said Dr. Isha Soni, Centre Head and Senior Occupational Therapist at Lexicon Rainbow Therapy and Child Development Centre, Pune.

    With a steadfast commitment to excellence and innovation, Lexicon Rainbow continues to be a beacon of hope for families touched by neurodevelopmental disorders, inspiring change and making a meaningful difference in the lives of children and communities alike.

  • BuzzFeed stock soars after Vivek Ramaswamy acquires 7.7% stake

    by VeenaMay 22, 2024May 22, 2024055
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    NRI PULSE STAFF REPORT

    New York, NY, May 22, 2024: BuzzFeed’s stock jumped after Vivek Ramaswamy, the former Indian American Republican presidential candidate, bought a significant share in the company and announced plans to help change its strategy.

    On Wednesday, BuzzFeed’s stock price went up by about 20%. This happened after it was revealed in a securities filing that Ramaswamy now owns 7.7% stake in the media company. Earlier in the day, the stock had risen by more than 82%.

    BuzzFeed Inc. responded by saying, “BuzzFeed is purposely structured to protect its editorial integrity. We are always open to hearing ideas from our shareholders.”

    In his filing, Ramaswamy said he thinks BuzzFeed’s stock is undervalued and a good investment. He also wants to help shift the company’s strategy.

    Since BuzzFeed went public in 2021, its stock has dropped by about 92%. However, it is still above its lowest price of 67 cents per share.

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  • Nikesh Arora of Palo Alto is America’s second-highest paid CEO

    Washington, May 21 (IANS) Nikesh Arora, the India-born CEO of Palo Alto Networks, has been ranked America’s second-highest-paid CEO in 2023.

    A total of 17 Indian-descent CEOs are in the top 500 rankings, according to an analysis published by The Wall Street Journal on Tuesday.

    Shantanu Narayen of Adobe is the second-highest paid Indian-descent CEO, ranked 11 overall. Arora and Narayen earned $151.43 million and $44.93 million, respectively, more than Tesla’s Elon Musk, who did not receive any compensation in 2023, according to the report.

    Meta’s Mark Zuckerberg earned $24.40 million, while Alphabet’s India-born head Sundar Pichai earned $8.80 million during the period under review.

    A product of Delhi’s Air Force Public School, Arora first drew international attention as the chief business officer at Google, which he left in 2014 to head SoftBank with a reported compensation that was said to be a record for Japan.

    Arora has been heading Palo Alto Networks, a cybersecurity company, since 2018. His compensation at Palo Alto Networks consists mostly of equity awards that include shares granted over three years.

    Narayen, who was born and raised in Hyderabad, has been the CEO of Adobe since 2007 after joining the company in 1998.

    Hock Tan of Broadcom topped the list with an earning of $162 million.

    Ranked third, fourth, and fifth among Indian Americans were Sanjay Malhotra of Micron Technology (63rd, $25.28 million), Ajei Gopal of Ansys (66th, $24.63 million), and Reshma Kewalramani of Vertex Pharmaceuticals (118th, $20.59 million).

    Others included Arvind Krishna of IBM (123rd, $20.40 million), Badrinarayn Kothandaraman of Enphase Energy (135th, $19.53 million), Sanjiv Lamba of Linde (143rd, $19.20 million), Surendralal Karsanbhai of Emerson electric (158th, $18.32 million), Anirudh Devgun of Cadence Design Systems (172nd, $17.34 million), Shankha Mitra of Wellflower (174th, $17.20 million), Sumit Roy of Realty Income (268th, $13.13 million), Satish Dhanasekaran of Keysight Technologies (319th, $10.75 million), Prahlad Singh of Rewity (357th, $9.13 million), Sundar Pichai of Alphabet (364th, $8.80 million), Udit Batra of Waters (367th, $8.74 million), and Sundarrajan Nagarajan of Nordson (389th, $6.98 million).