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Ratul Puri’s Hindustan Power to Build 5 GW Energy Portfolio by 2028

Ratul Puri, Chairman of Hindustan Power, one of India’s leading integrated power companies, today shared his ambitious vision to achieve a 5 GW energy portfolio over the next three years. This growth strategy emphasizes renewable and transitional energy, reflecting the company’s commitment to sustainability and innovation in the evolving energy landscape.

Ratul Puri, Chairman, HindustanPower

The planned expansion aligns with India’s national goal of achieving 500 GW of non-fossil fuel capacity by 2030 and underscores Hindustan Power’s role as a key contributor to the country’s clean energy transition. The company aims to create a balanced portfolio by leveraging cutting-edge technology and driving impactful growth in both renewable and transitional energy generation.

Sharing his vision, Mr. Ratul Puri, Chairman of Hindustan Power, said, “The global energy sector is undergoing a transformational shift, and India stands at the forefront of this change. Hindustan Power is dedicated to advancing sustainable energy solutions while ensuring energy security and economic growth. Our vision of achieving a 5 GW portfolio is proof of our commitment to building a cleaner and more resilient energy future.”

Hindustan Power’s extensive expertise spans both domestic and international markets, having successfully executed projects in India and in countries such as Germany, Italy, Japan, the UK, and the US. The company’s integrated approach combines innovation with sustainability, positioning it as a leader in driving the global energy transition.

India’s commitment to reducing its reliance on fossil fuels and achieving net-zero emissions by 2070 has created a fertile environment for public-private partnerships in the energy sector. Hindustan Power’s strategic expansion plan showcases the critical role of the private sector in supporting national climate goals and fostering sustainable economic growth.

Tags: Ratul Puri, Hindustan Power, Renewable Energy, Solar

NIPS Joins Hands with JW Marriott Kolkata in a Landmark MoU Signing

NIPS Hotel Management celebrated a monumental achievement on December 23, 2024, with the signing of a Memorandum of Understanding (MoU) with JW Marriot, one of the most prestigious names in the global hospitality industry. The partnership signifies a pivotal step in fostering innovation, excellence, and industry-academia collaboration, marking a new era of opportunities for NIPS students and faculty.

Historic Partnership in Hospitality Education NIPS Institute of Hotel Management signs Landmark MoU with JW Marriot

The MoU was formally signed in the presence of esteemed representatives from JW Marriott Kolkata, including Shri Jaiveer Singh Rathore, Director of Human Resources, and Shri Barun Kumar Ganguly, Director of Training & Quality (also a NIPS Alumni). The event underscored NIPS’ commitment to bridging the gap between academic learning and real-world industry practices, ensuring its students are equipped to excel in the competitive global hospitality landscape.

This partnership sets the stage for transformative initiatives, including advanced training programs, industry mentorship, internships, and collaborative workshops, designed to enhance the skills and employability of NIPS students. Addressing the audience, Shri Jaiveer Singh Rathore highlighted the importance of cultivating industry-ready professionals and applauded NIPS for its role in shaping the future of hospitality education.

Adding a special touch to the occasion, Shri Barun Kumar Ganguly, an illustrious alumnus of NIPS, shared his inspiring journey and expressed pride in witnessing the institution’s continued strides toward excellence. His address reinforced the significance of this partnership in preparing students for leadership roles in the hospitality industry.

This MoU reflects our shared vision of nurturing the next generation of hospitality leaders,” said Dr. Vivek Pathak, Founder Director of NIPS Hotel Management. “Collaborating with a global brand like JW Marriott Kolkata strengthens our mission to deliver world-class education and provide our students with unparalleled exposure to industry best practices.

This landmark collaboration not only enhances NIPS’ reputation as a trailblazer in hospitality education but also sets the benchmark for other institutions to emulate. The partnership is expected to catalyze innovative learning experiences and inspire the future workforce to achieve new heights of success.

About NIPS Institute of Hotel Management

NIPS Institute of Hotel Management is a leading institution dedicated to excellence in hospitality education. Renowned for its innovative curriculum, hands-on training, and industry partnerships, NIPS prepares students to excel in diverse roles within the global hospitality and tourism sector.

Global Innovation Leaders Converge at ET GCC Growth Summit 2025

The Economic Times announces a landmark gathering of Global Capability Center (GCC) leaders and innovators at the ET GCC Growth Summit 2025. The summit will take place on February 13, 2025, at Trident Hyderabad, bringing together industry pioneers who are shaping Indias future as a global innovation hub.

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Global Innovation Leaders Converge at ET GCC Growth Summit 2025

Telanganas IT Minister, Shri D. Sridhar Babu, will inaugurate the event, joined by Special Chief Secretary Shri Jayesh Ranjan, IAS, highlighting the governments commitment to strengthening Indias GCC ecosystem.

The summit has drawn remarkable interest, with over 500 delegates and 45 speakers from leading global organizations confirmed to participate. Half of the attendees represent senior and top management positions, creating an environment for meaningful dialogue and collaboration.

Key Focus Areas:

  • Innovation strategies driving next-generation GCC operations

  • Emerging opportunities in agri-tech, education, and aerospace

  • Implementation of diversity and inclusion initiatives

  • Practical applications of generative AI under the DPDP Act

  • Talent development for global operations

Distinguished speakers include Goldman Sachs India Co-Chairman Gunjan Samtani, JPMorgan Chase Managing Director Genevieve DSouza, and Lloyds Technology Centre India CEO Sirisha Voruganti. They will share insights on critical topics, such as inter-GCC collaboration and technology-driven business transformation.

The Knowledge Arena, a dedicated networking space, will facilitate discussions between industry leaders and professionals at all levels. This platform creates opportunities for meaningful connections and knowledge exchange among the GCC community.

Indias GCC landscape, currently home to over 1,500 centres across various sectors, continues to expand into new territories including hospitality, media, and quick-service restaurants. The summit will explore these growth opportunities while addressing practical challenges facing the industry.

GCCs are instrumental in driving both business transformation and Indias economic growth,” notes Shri D. Sridhar Babu. “This summit provides a platform to strengthen collaboration and innovation within the ecosystem.”

Register now to join this strategic gathering of GCC leaders and help shape the future of global innovation.

The Times Group ET NOW Global Business Summit 2025 is set to Chart the Future of Global Business on 15th and 16th February 2025

The Times Groups ET NOW Global Business Summit (GBS) returns for its 9th edition, solidifying its position as Asias premier thought leadership platform. Held under the theme “Evolve, Emerge, Expand,” GBS 2025 will take place on 15-16 February 2025, at Hotel Taj Palace in New Delhi. This years summit promises an unparalleled gathering of global leaders, policymakers, and industry pioneers, addressing the monumental shifts reshaping the global economic and industrial landscape.

Her Majesty Queen Rania Al Abdullah

The summit will bring together thought leaders addressing critical issues, including Her Majesty Queen Rania Al Abdullah of Jordan who will share her vision on education, women’s empowerment, and sustainability, emphasizing the role of ethical leadership in fostering social impact and long-term economic transformation at a time when global development depends on equitable progress. Joining her will be Rt Hon Patricia Scotland KC, Commonwealth Secretary-General, who will bring her expertise in multilateral cooperation, economic resilience, and inclusive development, exploring how strategic collaboration within the Commonwealth can drive sustainable and inclusive growth as nations navigate complex economic and geopolitical challenges.

Among the distinguished speakers will also be Raj Subramaniam, President, CEO, and a member of the Board of Directors at FedEx, who will provide a forward-looking perspective on global trade, logistics, and supply chain resilience, offering critical insights into how businesses can build agility and efficiency in the face of rapid shifts in international commerce due to geopolitical tensions, digital disruptions, and evolving consumer expectations.

Convening global CEOs, policymakers, and visionary thought leaders, the 2025 ET NOW Global Business Summit goes beyond mere discussion to cultivate actionable insights, foster impactful collaborations, and spark game-changing perspectives that will define the future of global economics and business by bringing together businesses and policymakers to address critical challenges.

About ET Now Global Business Summit

The Times Group presents ET NOW Global Business Summit stands as a distinguished platform that has in the past hosted an illustrious array of personalities, both from India and around the world. This distinguished list includes luminaries such as Prime Minister Narendra Modi, the visionary Bill Gates from Microsoft, Brian Chesky of Airbnb, Arianna Huffington from Huffington Post Media Group, Dara Khosrowshahi, the leader of Uber, Reed Hastings representing Netflix, the innovative Steve Wozniak from Apple, renowned venture capitalist Guy Kawasaki, Anshula Kant from the World Bank Group, iconic actor Shah Rukh Khan, and the esteemed Economist and Nobel Laureate Paul Krugman, among other influential figures. The summit continues to be a nexus of unparalleled insights and global perspectives, bringing together the brightest minds to shape the future of business and innovation.

About ET Edge

ET Edge an Initiative of The Times Group is Indias largest conference and thought leadership company. Since its inception in 2015, ET Edge has been at the forefront of creating unique thought leadership initiatives with the objective to empower multiple sectors, industries, and segments by dispersing critical business knowledge through strategically developed specialised conferences and summits.

ET Now Global Business Summit is among ET Edges flagship IPs, which strives to bring together visionaries and key global leaders through its enriched knowledge platforms to aid the symbiotic relationship between societies and businesses. Some of the other marque conference properties of ET Edge include (SDG) Sustainability Development Goals Summit, Supply Chain Summit, CX Summit, and Best Brands series.

Thiru. MA. Subramanian, Hon’ble Minister for Health and Family Welfare, Government of Tamil Nadu Addresses the Yoga National Conclave – 2025

A two-day Yoga National Conclave on “Modern Trends in Yoga and Integrated Medicine Systems” was organized by Tamil Nadu State Chapter Committee of Indian Yoga Association, a self-regulatory body approved by the Ministry of AYUSH, Government of India, on 1st and 2nd February, 2025 at Vethathiri Maharishi College of Yoga, Chennai, Tamil Nadu.

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Yoga National Conclave 2025 – organized by TN State Chapter Committee of Indian Yoga Association at Chennai

Over two days, the Yoga National Conclave 2025 featured 30 speakers, across 10 sessions and 11 hours of engaging presentations and panel discussions on Yoga and integrative healthcare. The event witnessed participation from more than 350 delegates from major institutions, associate centres, life members of Indian Yoga Association, special invitees and well-wishers from various parts of India and provided a platform for them to listen to multiple experts on diverse perspectives, in addition to being an interactive learning opportunity.

The attendees could also connect with like-minded individuals and build a sense of community around their shared passion for yoga. Culminating with a cultural show, the conclave facilitated networking sessions and fostered meaningful connections from among participants.

Acharya Dr. Shreevarma Chairman, Sub-Committee IYA Tamil Nadu, felicitated all the Yoga Teachers and other dignitaries at the event including Dr. M. Ragavendra Rao, Director, Central Council for Research in Yoga and Naturopathy, New Delhi, Dr. Kambhampati Subrahmanyam, Chancellor, S-VYASA (Yoga University) Bengaluru, and Dr. Ananda Balayogi Bhavanani, Joint Secretary, Indian Yoga Association, Director, ISCM and Professor of Yoga Therapy, Sree Balaji Vidyapeeth University, Pondicherry.

Day 1
Padma Shri A/N. SKM Maeilanadhan, Chairman of Tamil Nadu State Chapter Committee of Indian Yoga Association and President of the World Community Service Centre, Aliyar presided over the function and delivered the Presidential address.

Thiru. MA. Subramanian, Hon’ble Minister for Health and Family Welfare, Government of Tamil Nadu addressed the inaugural session of Yoga National Conclave – 2025. In his address to the fraternity, he shared the remarkable achievements made by his Ministry and also elaborated about the states primary healthcare and promotive health care systems, in addition to his own personal experience on how Yoga helped and healed him in his path to recovery, post a surgery following a major car accident. Fit as a fiddle, both physically and mentally, today he is an inspiring Marathon runner, having participated in 160 marathons, both in India and abroad, and holding remarkable records for running, despite his weak knee condition. All this he dedicates to the art of Yoga and Vethathiri Maharishi’s contribution to training and spreading Yoga amongst the school children, people from all walks of lives, including pregnant women, thus building a healthy society for a healthy future.

Dr. R. Elangovan Secretary, Indian Yoga Association, Tamil Nadu State Chapter presented the Tamil Nadu State Chapter Committee’s Report. Whilst, Rajeshwari Prabhakaran, Senior Vice-Chairman of Tamil Nadu State Chapter Committee of Patanjali Yog Peeth, Haridwar welcomed the gathering, R. Balan, Chairman of the Sub-Committee of Tamil Nadu State Chapter Committee and President of Narchinthanai Vattam, Chennai proposed the vote of thanks.

Day 2
Padma Shri A/N. SKM Maeilanadhan, Chairman of Tamil Nadu State Chapter Committee of Indian Yoga Association and President of the World Community Service Centre, Aliyar presided over the valedictory function and delivered the presidential address. Shri. Subodh Tiwari, Secretary-General, Executive Council, Indian Yoga Association, CEO & Secretary, Kaivalyadhama, Lonavala delivered the valedictory address. He listed the achievements made by the Indian Yoga Association elaborately.

Dr. C. N. Maheswaran, I.A.S., Managing Director of Tamil Nadu Salt Corporation Limited, Chennai and Dr. A. M. Moorthy, Advisor, IYA-TNSCC and Director of Sports Medicine and Yoga, Sree Balaji Medical College and Hospital, Chrompet, Chennai, facilitated the gathering. Thangalakshmi, State Coordinator, of Vivekananda Kendra, Kanyakumari for Tamil Nadu and the Treasurer of Indian Yoga Association, Tamil Nadu State Chapter Committee welcomed the gathering and Dr. R. Elangovan, Secretary, Indian Yoga Association, Tamil Nadu State Chapter proposed the vote of thanks.

NIPS Wins National Culinary Title at Amrut AICTE Millet Recipe Competition

The students of NIPS Hotel Management Institute achieved a remarkable milestone by winning the top honors in the Lunch/Dinner (30-50% Millet Composition) category at the prestigious Amrut AICTE Millet Recipe Competition. Held on October 25, 2024, at the AICTE Headquarters in New Delhi, the grand finale brought together 88 teams from an initial pool of 1,298 entries. NIPS emerged as a shining star, reaffirming its position as a trailblazer in culinary education and innovation.

Winner of AICTE Millet Cooking Competition

This victory is a testament to the creativity, hard work, and dedication of NIPS students, as well as the invaluable guidance and expertise of the institutes esteemed faculty. By mentoring students and fostering their culinary talent, NIPS faculty have played a pivotal role in achieving this national recognition.

The competition aimed to promote the use of millets as a sustainable and nutritious ingredient while providing an unparalleled platform for aspiring chefs to showcase their innovation. Five teams from NIPS participated in the qualification round in January 2024, demonstrating their culinary prowess with millet-based dishes that seamlessly blended tradition with modernity. After rigorous evaluation over several months, two NIPS teams advanced to the grand finale, setting a new benchmark for excellence.

In the finale, participants competed across three primary categories-Breakfast/Snacks, Lunch/Dinner, and Desserts-divided further based on millet composition. Each team had one hour to craft two exceptional dishes that balanced flavor, nutrition, and creativity. NIPS’ winning team impressed the judges with their innovative approach, securing the top position in the Lunch/Dinner (30-50% Millet Composition) category.

Participating in this competition has been a life-changing experience,” said Sajid Ali Lashkar, a member of the winning team. “It has taught us how to innovate while staying rooted in tradition, and the support we received from our mentors was invaluable.”

Dr. Vivek Pathak,Founder Director, NIPSadded, “We are immensely proud of our students for their outstanding performance at the Amrut AICTE Millet Recipe Competition. Their success reflects not only their talent and hard work but also the high-quality education, state-of-the-art infrastructure, and exceptional mentorship at NIPS. Achievements like this prepare our students for global careers, ensuring they are industry-ready and equipped to excel in the competitive culinary landscape.

This accomplishment underscores NIPS’ commitment to fostering innovation, sustainability, and excellence in culinary education. The competition, celebrated for promoting millets as a key ingredient for healthier and more sustainable lifestyles, provided the perfect stage for students to push the boundaries of creativity and contribute to the future of food practices.

Looking ahead, NIPS is inspired to continue its journey of excellence, participating in prestigious events and nurturing the next generation of culinary leaders. With its world-class infrastructure, cutting-edge kitchens, and exposure to industry platforms, NIPS is dedicated to shaping careers and transforming talent into success.

About NIPS Hotel Management Institute
NIPS Hotel Management Institute is a leading institution dedicated to shaping future leaders in the hospitality industry. Renowned for its innovative teaching methodologies and emphasis on practical skills, NIPS equips students with the tools and knowledge to excel in culinary arts, hospitality management, and beyond.

Paisabazaar Reaches New Milestone; 50 Million Customers Benefit from its Credit Awareness Initiative

Paisabazaar, India’s largest digital marketplace for consumer credit, today announced that over 50 million consumers have now checked their free Credit Score from the platform, making it India’s largest free credit awareness initiative. The milestone underscores Paisabazaar’s commitment over the last decade to drive credit awareness and financial inclusion through its pioneering Free Credit Score initiative.

Launched in 2017, Paisabazaar’s Free Credit Score initiative is lifetime-free, offering consumers access to their credit scores from multiple credit bureaus, in seven languages. Over the years, Paisabazaar has also continuously invested in technology and focussed on innovation, not only to make accessing and tracking credit score seamless, but also to spread awareness and provide insights on building credit health. According to Paisabazaar’s estimates, over 16% of India’s active credit score consumers (who have at least one active credit product) have checked their free credit score from Paisabazaar.

Naveen Kukreja, Co-founder & CEO, Paisabazaar, said, “We are extremely proud of the sheer scale of our credit score product and the way it has evolved over the years, keeping consumer need at the centre. We realised early in our journey that lack of awareness around credit score is a major pain-point for consumers, leading to a high proportion of rejections. For the last few years, we have focussed on building solutions that empower consumers to take charge of their credit health. Reaching 50 million consumers is a significant milestone, reaffirming the trust in our platform from varied segments. We remain committed to helping enhance financial literacy, improve access and strengthen the overall credit ecosystem.”

As a lending marketplace, Paisabazaar says it has always aimed to serve the credit needs of varied credit segments. While for credit healthy consumers, Paisabazaar offers pre-approved offers and a wide choice, over the last few years it has also built a multi-faceted ‘Credit Improvement Program’ to help consumers with damaged credit or low score climb the credit ladder. This includes personalised ‘Advisory Services’ that offer expert guidance, rectification services and a comprehensive ‘Credit Health Report’, which provides key insights.

Radhika Binani, Chief Product Officer, Paisabazaar, said, “Continuous innovations have been at the core of our efforts to deepen credit awareness, and making tracking and building of credit health more engaging for Bharat. Our aim has always been to help consumers from varied segments check, track and build their score with ease. Our technology-driven innovations simplify complex credit data and offer personalised insights. Our focus remains on to help build a credit-fit India, ensuring more consumers can make informed and responsible credit decisions.”

Paisabazaar’s Credit Awareness initiative has helped 10.2 million consumers improve their score significantly within six months of checking their Credit Score. Around 59% of its consumers have taken at least one credit product after checking their score. Additionally, more than 18 million consumers who checked their free credit score from Paisabazaar and had DPD (Days Past Due) in their report have cleared their outstanding debt.

Innovation has been central to Paisabazaar’s endeavours in enhancing consumer awareness and deepening engagement. Paisabazaar has leveraged its technology and analytics capabilities to introduce Score Predictor that helps users understand the impact of credit actions PB Assist, an AI-powered chatbot, that provides real-time insights and personalised recommendations.

Paisabazaar’s investment in the credit score initiative, through brand campaigns and technology-led innovations, has helped Bharat become credit aware, having reached nearly one in every six Indian households. In the initial years of the initiative, only about 20% of consumers accessing their Credit Score on Paisabazaar were from non-metros.

Today, around 70% of those who have checked their credit score on Paisabazaar are from beyond the top metro cities (Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune.) Currently, three out of four new consumers who check their credit score for the first time on Paisabazaar come from outside these major urban centres, highlighting the platform’s role in deepening credit awareness across Bharat.

About Paisabazaar

  • Paisabazaar is India’s largest marketplace for consumer credit and free credit score platform. It is part of the PB Fintech Group (listed on Indian stock exchanges since 2021)

  • Over the last 11 years, Paisabazaar has earned the trust and goodwill of over 50 million consumers.

  • Every month, the platform receives around 20 lakh enquiries from more than 1000 cities.

  • Paisabazaar over the years has built deep partnerships within the lending ecosystem, partnering with 60+ Banks, NBFCs, NBFC fintechs, to offer wide choice.

  • Paisabazaar has been running India’s largest credit awareness initiative, by offering consumers their credit score from the credit bureaus for free.

  • Paisabazaar’s co-created strategy helps meet consumer need gaps, through a robust array of exclusive, first-in-market and best-in-class digital products, built with partner Banks and NBFCs.

  • Paisabazaar is also an ISO (27001: 2013) certified organization with industry-best controls, to safeguard the best interest of consumers. We are also a PCI DSS certified organization.

Bajaj Markets Partners with CRIF High Mark to Allow Users to Check Their Credit Score for Free

Bajaj Markets, in partnership with CRIF High Mark, lets users know their credit score free of charge. This collaboration aims to offer customers comprehensive insights into their creditworthiness. Through this facility, Bajaj Markets helps individuals stay up to date with changes in their credit portfolio while promoting enhanced financial management.

One can check CRIF High Mark Credit Score on Bajaj Markets

Check CRIF High Mark Credit Score on Bajaj Markets

Here are some important points about CRIF High Mark Credit Score:

  • The credit score ranges from 300 to 900

  • The CRIF High Mark Credit Score helps establish a borrower’s creditworthiness

  • The assessment of the score is done based on factors such as credit utilisation ratio, credit mix, and credit repayment history

Furthermore, this free credit score on Bajaj Markets provides the user with an improved view of their credit history.

Monitoring the credit score in a timely manner can help identify any errors and maintain a healthy credit profile. To get a thorough understanding of creditworthiness, one can check their credit score on Bajaj Markets.

Over and above the credit score by CRIF High Mark, Bajaj Markets offers access to a wide range of financial products and services. These include credit cards, diverse investment options, loans, and even insurance policies. Simply visit the Bajaj Markets app or website today to gain access to these products.

About Bajaj Finserv Direct

Bajaj Finserv Direct, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.

Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments, Payments, Pocket Insurance, and VAS. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.

Visit the Bajaj Markets website or download the Bajaj Markets’ app from the Play Store or App Store to experience “India ka Financial Supermarket”.

Mobius Foundation Hosts Panel Discussion on Biosphere Reserves and Sustainable Development

Mobius Foundation organised a panel discussion on ‘Biosphere Reserves: Strategies for Sustainable Development and Conservation’ at the Constitution Club of India. The event brought together experts, policymakers, and conservationists from UNESCO, WWF, and various academic institutions to deliberate on the role of biosphere reserves in India’s ecological future. Discussions emphasised Mobius’ vision for safeguarding biodiversity, promoting sustainable livelihoods, and advancing the 2030 Agenda for Sustainable Development.

Release of the Coffee Table Book on Climate Liability, Justice, and Jurisprudence by Mobius Foundation

Mr. Pradip Burman, Chairman, Mobius Foundation addressing the event said, “Biosphere reserves serve as critical pillars of a sustainable future. Collaborative efforts are essential to preserving these declining valuable ecosystems, ensuring that future generations continue to benefit from their ecological and economic contribution.”

The panel featured prominent speakers, including Dr Benno Boer, Chief of Natural Sciences at UNESCO (South Asia Regional Office); Dr Priya Gupta, Lead, Governance, Law & Policy at WWF India; Dr Erach Bharucha, Director of Bharati Vidyapeeth Institute of Environment Education and Research; Dr Aditya Joshi, Former Principal Chief Conservator of Forests, Manipur, and Advisor at Mobius Foundation;and Mr Praveen Garg, President of Mobius Foundation.The discussion was moderated by Mr. Abhilash Khandekar, Senior Journalist.

The panellists pointed out how insufficient community engagement and inadequate livelihood alternatives often lead to conflicts between conservation goals and local needs. Threats from unregulated development, invasive species, and large-scale projects pose significant risks to the ecological integrity of these reserves. Further, funding and an unequal distribution of benefits hinder effective management and sustainable development initiatives. Inadequate research and monitoring infrastructure hinder effective conservation planning.

The discussion explored major opportunities under the themes of biodiversity conservation, habitat restoration, strengthening governance and policy frameworks, sustainable livelihoods and integrating indigenous knowledge into conservation efforts. Dr Benno Boer, Chief of Natural Sciences at UNESCO (South Asia Regional Office) stressed the importance of robust governance mechanisms and collaborative approaches among stakeholders and said, “Biosphere reserves are living laboratories where we can apply, test, and demonstrate best practices for human living in harmony with nature. Active community participation in planning, management, and zonation is crucial to their success.”

Dr Erach Bharucha, Director of Bharati Vidyapeeth Institute of Environment Education and Research emphasised the need for long-term planning and said, “Without dedicated legal frameworks for biosphere reserves, conservation efforts remain fragmented. Strengthening governance and scientific research along with greater financial investment, policy support, and cross-sectoral collaboration is crucial for sustainable development.”

Dr Priya Gupta, Lead, Governance, Law & Policy at WWF India said, “Conservation should be approached with a local perspective, as it has a global impact. Biosphere reserves are biocultural reserves, where cultural systems play a crucial role in the survival of biodiversity.”

Dr. Aditya Joshi, Advisor of Mobius Foundation shared some case studies of different biosphere reserves where the interventions address the main challenges. He stated Biosphere reserves are the cultural and biodiversity hotspots and through diverse approaches, integration of multi-stakeholder groups and successful models can lead towards balancing conservation with sustainable development.”

Recognizing the critical role of biosphere reserves in achieving the Sustainable Development Goals (SDGs) and the Global Biodiversity Framework, several key recommendations emerge. Strengthening community engagement by prioritizing participatory approaches and providing alternative livelihoods is crucial. Investing in robust research and monitoring infrastructure is essential for effective conservation planning and management. Promoting sustainable practices like organic agriculture, ecotourism, and renewable energy within biosphere reserves is vital. Exploring innovative funding mechanisms, such as carbon credits and biodiversity offsets, is necessary to support long-term conservation efforts. Fostering collaboration among government agencies, local communities, researchers, and the private sector is crucial for effective and integrated management.

Mr Praveen Garg, President of Mobius Foundation, concluded, “Biosphere reserves represent a unique opportunity to protect our natural heritage while promoting sustainable development. Today’s discussion highlights the path forward: collaboration, education, and integrated governance with multi-stakeholder groups. We must act now to safeguard these vital ecosystems for future generations.”

About Mobius Foundation

Mobius Foundation is committed to advancing sustainable environmental practices, biodiversity conservation, and climate justice. Through events, research, and partnerships, the foundation aims to foster collaborative efforts to address global environmental challenges and promote sustainable development worldwide.

Universal Sompo Prioritizes Customer Empathy in Claims Settlement

Universal Sompo General Insurance, a trusted service provider in the insurance sector, reaffirms its commitment to delivering a seamless claims experience built on speed, transparency, and care.

The company has processed approximately 13.70 lakh claims cases across all lines of business, a total of Rs. 2,135 Crore, as of December’24. Additionally, the company has expedited third-party claims settlements, disbursing Rs. 234 Crore thus far, across 2,709 cases in FY 24-25. The company is also aligned with Government initiatives like Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana and approved 21,723 claims cases amounting to approximately Rs. 17 crore.

The company has been consistently assisting policyholders in their times of need, reinforcing its commitment to its policyholders.

Customer Testimonials Reflect Unmatched Service Excellence

Industry Leaders and individuals alike have acknowledged and experienced its efficient and customer-centric approach.

When our business faced an unexpected crisis, Universal Sompo proved to be more than just an insurer- they were a true partner. Their swift claims processing and dedicated support ensured minimal disruption, allowing us to get back on track without financial strain. Their reliability and efficiency make them our preferred insurance provider.” Dr. Santosh Kumar Mallick, Executive Director (Human Resources), Mazgaon Dock Shipbuilders Limited.

Similarly, individual policyholders have shared life-changing experiences:

In moment of crisis, Universal Sompo delivered on their promise. A medical emergency could have been financially overwhelming, but their seamless claims process and compassionate service made all the difference. They managed everything with speed and transparency, giving me peace of mind when I needed it most.Mr. Dharmendra Kumar, Assistant General Manager, Head Marketing, Dainik Jagran, Jharkhand.

Universal Sompo’s service excellence is evident in real-life scenarios. Through its “Anywhere Cashless” initiative, it has facilitated extending timely medical care to policyholders even at non-network hospitals in critical situations. Recently, company is recognized and felicitated by State Government for 100% flood claims settlement pertaining to property and motor damages.

The company’s customer experience team is consistently exceeding service expectations while providing personalized care to policyholders. As an evidence of service excellence, Universal Sompo maintains a strong reputation, receiving Google rating of 4.4, based on reviews across 71 distinct cities and positive recommendations on Facebook, demonstrating strong customer trust and satisfaction levels.

Varsha Gujarathi, Chief Customer Officer, Universal Sompo General Insurance, stated, “Every claim represents a human story. Settling claims is not merely procedural but a testament to our empathy and commitment to policyholders in their times of need. Universal Sompo strives to build trust through robust training programs, instilling compassion in our claims personnel, and investing in customer-centric technology solutions to exceed expectations at every step.”

About Universal Sampo General Insurance

Universal Sompo is a Joint Venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and a global insurer, SOMPO. The company is headquartered in Mumbai and has 163 offices countrywide with representation through its digitally enabled employees across over 300 locations. It has a strong distribution network of Agents, Point of Salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms/ e-Commerce players. The company offers 234 IRDAI-approved products, and 1494 Add-on covers, ranging from Motor, Accident & Health, Home Insurance, Shopkeepers Packages, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employee Benefits, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment.