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Understanding Today’s Gold Loan Gram Rate and How it is Determined

Gold has always been a prized possession in Indian households. Often passed on as family heirlooms, gold has religious, spiritual, and sentimental value. This yellow metal is so versatile that, apart from being revered as jewellery, it also serves as a valuable financial asset.

Bajaj Finance Gold Loan

A gold loan is an excellent way to access cash quickly without selling precious gold jewellery. Today, many financial institutions offer loans against gold, which can be an excellent resource during emergencies. However, to get the best value for available gold borrowers must be aware of concepts like the gold loan gram rate and how it is calculated.

Understanding the gold loan gram rate

The gold loan gram rate is the value of a gram of gold on any given day and determines the loan amount borrowers can get per gram of gold. The value fluctuates daily based on the market rate of gold. This rate is impacted by several factors, including:

1. Market price of gold: The international gold price directly affects the gold rate in India.

2. Purity of gold: The higher the purity (18K to 22K), the better the loan amount one can get.

3. Loan-to-value (LTV) ratio: Lenders offer up to 75% of the golds value based on RBI regulations.

Staying updated on gold rates of different cities such as today’s gold rate in Kolkata is essential for making smart financial decisions, whether someone is buying, selling, or considering a gold loan. Bajaj Finance’s gold rate page provides real-time updates, helping them track prices accurately and make confident choices as market rates change.

How is the gold loan gram rate calculated

The gold loan gram rate calculation involves assessing the golds purity and weight. Here is a step-by-step breakdown of the process.

Step 1: Gold is evaluated using a karat meter to determine its purity, typically between 18K and 22K for gold loans.

Step 2: The net weight of gold (excluding stones and other materials) is taken into account.

Step 3: Based on the purity and current market rate, the loan-to-value ratio is applied to calculate the loan amount.

For example, with 10 grams of 22K gold at a gram rate of Rs. 4,700 and an LTV of 75%, the loan amount would be Rs. 35,250.

Borrowers can always use a reliable tool like the Bajaj Finserv Gold Loan Calculator to get an accurate loan estimate before applying.

Reasons to choose the Bajaj Finserv Gold Loan

Choosing the right loan is important to have a smooth borrowing journey. Bajaj Finserv Gold Loan offers access to multiple benefits and quick access to the funds one needs when they need it. Here is what applicants can expect when opting for this loan:

  • High loan amount: Avail loans starting from Rs. 5,000 up to Rs. 2 crore depending on the gold’s value.

  • Quick disbursal: Funds are disbursed swiftly, ensuring borrowers can tackle emergencies without delay.

  • Transparent evaluation: All Bajaj Finance branches are equipped with top-notch karat meters to guarantee fair valuation.

  • Part-release facility: Pay back part of the loan and retrieve a portion of gold before the tenure ends.

  • No foreclosure or part-prepayment charges: Repay a portion or the full loan amount at no extra fee.

  • Free insurance of gold: Get complete assurance that the pledged gold is protected against theft or loss while in their custody.

  • Multiple repayment options: Choose from multiple repayment schedules as per their convenience. Borrowers can choose to repay their gold loan interest on monthly, bi-monthly, quarterly, half-yearly, or annual basis.

Applying for a Bajaj Finserv Gold Loan is extremely simple, with minimal eligibility requirements and documentation. To be eligible, applicant must be an Indian national aged 21 to 70, with gold access to 18K to 22K worth of gold jewellery. They just need their basic KYC documents that include, Aadhaar card, Voter ID card, passport, driving licence, NREGA job card, or a letter issued by the National Population Registration.

A Bajaj Finserv Gold Loan is ideal for those looking to unlock the value of their gold without having to sell it. With transparent processes, convenient repayment options, and a high loan amount, Bajaj Finance ensures the applicants get the most value for their gold. Whether one is covering emergency expenses, funding a home renovation, or meeting medical needs, a gold loan offers fast access to funds and peace of mind.

T&C Apply.

About Bajaj Finance Limited

Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. Bajaj Finance has a credit rating of AAA/Stable for its Fixed Deposit program from CRISIL and ICRA, AAA/Stable for long-term borrowing from CRISIL, India Ratings, CARE and ICRA, and A1+ for short-term borrowing from CRISIL, India Ratings and ICRA. It has a long-term issuer credit rating of BBB-/Stable and a short-term rating of A-3 by S&P Global ratings.

To know more, visit www.bajajfinserv.in.

Padma Shri Kailash Kher Unveils Param Amrit, a Divine Skincare Brand

Param Amrit, a pioneering luxury Ayurvedic skincare brand, marked its grand launch at the prestigious Constitution Club of India in New Delhi. Renowned singer and Padma Shri awardee Kailash Kher, brother of Dr. Nutan Kher, the brand’s founder, graced the event by unveiling the inaugural line of deeply rooted Ayurvedic products.

L-R: Shri Baba Ji Swami Amritanand Ji, Padma Shri Kailash Kher Ji, Dr. Nutan Kher & Yogesh Thakur

The event was further honoured by the presence of spiritual leader Shri Baba Swami Amritanand Ji, who offered his blessings and insights. His participation added a profound spiritual dimension to the launch.

Beyond Beauty: Infused with Mantra Aushadhi

Param Amrit distinguishes itself by integrating the ancient practice of Mantra Aushadhi into modern skincare. This revered tradition, a cornerstone of Ayurveda documented in the Charaka Samhita, emphasises imbuing herbs with potent spiritual energy through the chanting of powerful mantras.

Param Amrit is about embracing the deeper power of natures elements,” explained Dr. Nutan Kher, the visionary behind the brand. “Our carefully crafted products go beyond mere rejuvenation, aligning the mind and soul with natures energy for inner peace and harmony.

A Family Legacy, Rekindled

The launch was an emotional homecoming for the Kher family. Padma Shri Kailash Kher expressed immense pride in his sisters dedication to reviving this forgotten tradition. “Witnessing Dr. Nutan Kher bring ancient Ayurveda back to the modern world through Param Amrit fills me with immense pride,” he shared. “This journey transcends skincare – its about preserving our rich heritage.

A Unique Product Collection Revealed

The launch showcased Param Amrits initial collection of meticulously crafted products, featuring the signature Shatdhaut Ghritamrit face cream, Kumkumadi Face Serum, nourishing Lip Balms, and a range of Ayurvedic soaps.

Each product is meticulously crafted using ancient Vedic processes, like washing ghee 10,000 times with Ganga water under the full moon, and empowered through continuous mantra chanting.

The brand plans to expand its line in the coming months, encompassing a complete range of body care and beauty products, all infused with the same dedication to authenticity and spiritual craftsmanship.

Our vision is to create premium experiences that surpass conventional skincare,” stated Yogesh Thakur, CMO of Param Amrit. “By harmonizing Ayurvedic practices with the transformative energy of mantras, we aim to deliver not just physical beauty but also spiritual wellness.

A Memorable Launch Event

The event commenced with a serene Ganesh Vandana and lamp lighting ceremony led by Padma Shri Kailash Kher, dignitaries including Shri Baba Ji and Dr. Nutan Kher. This was followed by an engaging panel discussion featuring Dr. Nutan Kher and Richa Mehta, exploring the vital role of mantra-infused wellness in todays world.

A dedicated press conference delved deeper into the brands philosophy and product ethos, offering media personnel an exclusive experience. Attendees had the privilege of interacting with the founders and personally experiencing the mantra-energised products.

About Param Amrit

Param Amrit is a brand dedicated to reviving the ancient wisdom of Ayurveda by integrating the transformative power of Mantra Aushadhi. Each meticulously handcrafted product is a testament to holistic well-being, connecting mind, body, and soul. By merging ancient rituals with modern wellness aspirations, Param Amrit offers a unique range of Ayurvedic products that go beyond surface-level beauty, promoting spiritual and emotional rejuvenation.

Aurum PropTech to Host ‘India PropTech Summit – 2024’ in Mumbai

Aurum PropTech shall be hosting their Analyst Day ‘India PropTech Summit- 2024‘ in Mumbai. The forum shall bring together key analysts, industry stakeholders and Aurum PropTech leaders across India to deliberate on Property Technology opportunities across Real Estate – Rentals, Distribution and Capital.

To be held on 2nd December 2024 in Mumbai at the Jio Convention Centre, the event shall highlight Aurum PropTech’s commitment to driving technology-led disruption and shaping the future of real estate. Market, Industry, and Technology Analysts from leading firms have been invited to join Aurum PropTech leaders, entrepreneurs, and key management team for a day of insightful discussions and networking. The event has limited seats with attendance subject to pre-registration and confirmation. Pre-registration can be done on the following site.

Click here to Register: www.aurumproptech.in/india-proptech-summit-2024

In line with its accelerated focus on disrupting Real Estate with tech-innovation, scalable business models and industry expertise, Aurum PropTech shall showcase their digital-led initiatives and real-world case studies across its segments of Rental, Distribution and Capital. Aurum PropTech looks forward to a meaningful discourse to bring visibility to this new age sector with the Analyst Day.

Onkar Shetye, Executive Director – Aurum PropTech added, “In a rapidly transforming technological landscape, Real Estate consumers and enterprises are looking up to an industry leader to bring digital-led, transformation and disruption to enhance enterprise efficiency and consumer experience.

Our leading PropTech brands, Nestaway, Sell.do, and Aurum WiseX, offer value-based, digitalled, C2C and B2C business models. Through a blend of innovation and the latest technology, we aim to create the future of real estate and capitalise on the growth opportunity presented by PropTech in India.

Our Analyst Day “India PropTech Summit, 2024” provides a platform for engaging in meaningful interactions and showcasing our capabilities to the analyst community and stakeholders. It underscores our focus on bringing spotlight to the USD 100 Billion opportunity this sector presents.”

TOPS Partners with Horn OK Please, Joins the 13th Edition of India’s Happiest Food Festival

GD Foods MFG (I) Pvt. Ltd., the Indian food products company behind TOPS, one of Indias leading FMCG brands, is proud to announce its partnership with the highly anticipated Horn Ok Please Festival as Presenting Partner. Set to take place on the 16th and 17th of November 2024 at the JLN Stadium in Delhi, this is the 13th edition of the Festival and promises to be an unforgettable celebration of food, music, culture, and youthful energy with an artist lineup featuring Punjabi superstars, rappers, and hip-hop icons, keeping the energy sky-high all weekend!

As the Presenting Partner for Horn Ok Please, TOPS will play a key role in bringing together the eclectic lineup of artists, delectable food experiences, and vibrant festivities that resonate with the spirit of today’s youth. The brand, known for its wide range of consumer products that blend excellence in taste and quality with trendsetting appeal, sees this collaboration as a natural fit in connecting with a dynamic, culture-driven audience and has been associated with the Horn Ok Please Festival since 2019.

“We are thrilled to partner with Horn Ok Please as the Presenting Partner,” said Dr. Nitin Seth, Vice Chairman, G.D. Foods. “Our brand has always embraced the enthusiasm and creativity of young people, and this Festival embodies that same spirit of innovation, self-expression, and cultural celebration. This association offers an exciting opportunity for us to engage with the vibrant youth of today, supporting an event that reflects their versatile talents and passions, and their love for music and food. We are committed to delivering a brand experience that resonates with the ever-evolving tastes of our consumers, and this collaboration aligns perfectly with our mission of delivering India Ka Top Taste to our consumers.”

As part of the collaboration, TOPS will also introduce a series of exciting activations and engagements at the event including a specially curated menu of delectable dishes prepared with TOPS products, further enhancing the Festival’s immersive vibe and offering fans a chance to engage with the brand in new and innovative ways.

About TOPS

TOPS is a leading food brand that has been serving Indians since 1984. With a diverse portfolio of products including TOPS Tomato Ketchup, Jams, Cornflakes, Spice Sprinklers, Noodles and Instant Noodles, Culinary Sauces and Pickles, Cake Mixes and many more, the brand has been serving the culinary needs of Indian consumers from breakfast to dinner and beyond for decades. TOPS is a brand with a strong domestic footprint and also boasts an international presence in over 25 countries across the world. Not merely limited to traditional retail, the brand enjoys a prominent national presence in all trade verticals – General Trade, Modern Trade, Institutions, HoReCa & e-Commerce. Cementing its status as a global brand, TOPS is present in stores, supermarkets, restaurant chains and cash & carry stores across the globe.

TOPS is a preferred consumer brand with a legacy of excellence and consumer trust that goes back nearly 40 years. Both the brand and its Vice Chairman, Dr. Nitin Seth have been awarded and recognised on various prestigious platforms including the Economic Times “Best Brands” award, Readers Digests “Most Trusted Brands” award, “Budding Entrepreneur of the year” award by the Indo American Chamber of Commerce and “Worlds Greatest Brands & Leaders 2018-19” award by URS Media, to name but a few.

Lasa Supergenerics Limited Announces Successful withdrawal of Application under Section 7 of I&B, 2016 Filed Against the Company by Financial Creditor

Lasa Supergenerics Ltd., a leading innovator in a vertically integrated group spanning the entire animal and human healthcare value chain, announces Insolvency Application which was filed by Financial Creditor (Bank of Baroda) against the company stands Disposed of pursuant to withdrawal of the application by Financial Creditor due to concluded settlement between the parties.

The withdrawal follows extensive negotiations and a comprehensive settlement reached between the company and the financial creditor. The company has worked diligently to settle the long pending dispute with the creditor and has taken proactive steps to resolve the matter amicably. As a result, Application filed under section 7 of IBC before Hon’ble NCLT for initiation of Corporate Insolvency Resolution Process (CIRP) by Financial Creditor has been officially withdrawn as pronounced in Hon’ble NCLT, Mumbai Bench on 13.11.2024.

Dr. Omkar Herlekar, Chairman and Managing Director

Dr. Omkar Herlekar, Chairman and Managing Director of the Company, said, “As already informed, hard work pays off, we are pleased to have reached a logical conclusion with our only financial creditor and to have the IBC application withdrawn. This marks important steps toward the companys financial stability and demonstrates our commitment to fulfilling our obligations. We remain focused on driving growth and value for our stakeholders, and we look forward to continuing our operations with renewed strength.” We are confident that this resolution will allow us to focus on its business objectives, safeguard employment, and continue delivering value to its customers and shareholders.

About Lasa Supergenerics Limited (www.lasalabs.com/; BSE: 540702; NSE: LASA)

Founded in 2011, Lasa Supergenerics Limited is a globally well trusted brand with high quality products, accepted by large companies across the globe. Our Company is the pioneer and amongst the leading players in the manufacturing of Veterinary APIs, with a well-established brand known for its high-quality products amongst various customers. The Company has its unit with state of art manufacturing facilities located at Mahad & Chiplun, Maharashtra

For more details please visit: www.lasalabs.com.

Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. Lasa Supergenerics Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Stop Hitting Children: Why Corporal Punishment Must End

Corporal punishment, a practice banned in Indian schools over a decade ago, remains a troubling reality in classrooms and homes across the country. A new short film titledMaarna Nahi Hai Solution‘, premiering this Children’s day is a hard-hitting critique of the normalization of violence against children disguised as discipline.

This Children’s Day film encourages teachers and parents to say no to corporal punishment. Watch Maarna Nahi Hai Solution now

Behind closed doors and inside school walls, millions of children face a grim reality: punishment disguised as discipline. Globally, over 60% of children aged 2-14 suffer physical discipline at home, according to the World Health Organization.

Stop Hitting Children: Maarna Nahi Hai Solution – Why Corporal Punishment Must End

Watch the full film here: youtu.be/R9dwFnCtoDksi=UiEwIue0dc12A9cP

Chaanta aapne uske gaal pe maara hai, par dhamaka uske dil mein hua hai,” says Rafique Siddiqui, a school principal featured in the film. Maarna Nahi Hai Solution exposes the emotional scars and systemic flaws behind the normalization of hitting and offers alternatives rooted in empathy and positive reinforcement.

Produced by Much Much Spectrum – part of Much Much Media LLP – in collaboration with Ummeed Child Development Center, the film features educators, parents, experts, and people who’ve experienced corporal punishment growing up.

Directed and produced by the filmmaker-entrepreneur couple Aditi Gangrade and Aalap Deboor, co-founders of Much Much Media LLP – the film combines storytelling and expert insights to:

  • Expose the harmful impacts of corporal punishment, including anxiety, depression, and long-term behavioral issues.

  • Highlight the gap between India’s progressive child protection laws and their enforcement.

  • Advocate for positive, non-violent disciplinary methods that foster trust and empathy.

Filming this was an eye-opener for us. The everyday pain of corporal punishment and the life-long trauma it left on the protagonists is unimaginable,” said Deboor, producer of the film.

Around 60% of children globally experience physical punishment from caregivers. (Source: WHO)

Only 14% of the world’s children are fully protected by law from all corporal punishment. (Source: End Corporal Punishment)

Corporal punishment remains widespread in Indian schools despite the Right to Education Act (2009) explicitly banning it. (Source: End Corporal Punishment)

Gangrade who experienced physical punishment in school doesn’t mince her words: “School gave me extreme anxiety. Teachers humiliated me for being a ‘slow learner‘ and prioritized uniforms and appearances over mental health. Many parents even encouraged teachers to hit their children. I don’t want any child to go through what I did.”

Much Much Spectrum – one of Indias biggest storytelling studios and social communities telling positive stories from around the globe – has been chronicling original narratives of health, parenting, and disability for over two years now. The company has a community of 75,000+ across socials, and over 75 million+ views on their original content.

Their latest film ‘Maarna Nahi Hai Solution’ not only lays bare the problem but also offers a vision for change – a future where children are safe and happy.

The film has already struck a chord with early viewers. Viewers call the film “unforgettable” and “need of the hour.” One YouTube user, @GaganBarian, wrote, “This issue requires national attention, with representatives openly criticizing it.” Instagram user @_irigeorge_iridizontas added, “Children aren’t adults’ property. Punishment isn’t love. Connection is love.”

India is not alone in its struggle to eliminate corporal punishment. While over 60 countries have banned corporal punishment in all settings, enforcement remains a battle against entrenched cultural norms. India, too, has the laws on paper but lacks the societal commitment to change.

Maarna Nahi Hai Solution is the wake-up call we’ve been avoiding. It premieres November 14, celebrated as Children’s Day, on the Developmental Disabilities India YouTube channel. As conversations around child safety and mental health gain momentum, the film is a timely reminder that discipline should nurture, not harm.

#BreakTheCycle #MaarnaNahiHaiSolution @muchmuchspectrum | @ummeedcdc

About Much Much Spectrum

Much Much Spectrum, part of Much Much Media, is a data-driven, social impact content studio and consultancy bringing together unique voices to light up shared truths.

Operating at the intersection of a publication, a diverse, global community, and a social impact studio, Much Much Media LLP tells stories about personal journeys that help inform and educate the larger discourse around health, education, employment, inclusion, diversity, and social justice. The narratives not only deepen the collective understanding of various social topics but also inspire action, driving change across broader communities, spaces, institutions and cultures.

Impact of Suspension of Agri Commodities on Food Prices and Agri Ecosystem

Birla Institute of Management Technology (BIMTECH), Noida, one of the leading B-school in India and the Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay conducted two separate studies investigating the impact of suspension of future derivatives contracts on Exchange Traded Commodities (ETCDs). BIMTECH study titled – Impact of Commodity Derivatives Suspension on Underlying Commodity Market is based on empirical data from January 2016 to April 2024 for Mustard Seed, Soybean including Soy Oil, Mustard Oil and Palm oil. It conclusively reports that that suspension of ETCDs (Exchange Traded Commodities) leads to absence of reference price for physical market, and that in turn results in scattered and higher price variance across mandis. SJMSOM, IIT Bombay study titled – Impact of Suspension of Commodity Derivatives on the Agri Ecosystem combines primary and secondary research through survey and in-depth interview of physical market participants (including farmers and FPOs) in three states i.e. Maharashtra, Rajasthan, and Madhya Pradesh with focus on Mustard Seed, Soya Oil, Soybean, Chana and Wheat. The study underlines that derivatives contracts serve as an important tool of price discovery and price risk management for farmer/FPOs and other value chain participants in managing the price volatility and inherent risks in the agro economic space.

Prof Prabina Rajib, BIMTECH and Mr. Sanjay Rawal, National President, CPAI

  • Two separate studies bust the prevalent market myth ‘Commodity Derivatives trading leads to inflation

In 2021, SEBI suspended derivatives trading in seven agricultural commodity/commodity groups, in what can be termed as largest ever clampdown on Indian commodity derivatives market since the modern electronic versions of commodity exchanges came into existence in 2003. Though a specific reason wasn’t attributed to suspension, however, it is widely believed that the decision was taken with the objective of taming the rising prices due to underlying belief that derivatives trading contributes to price rise. In this context, the two esteemed institutes of India undertook a comprehensive study , evaluating the impact of suspension of commodity derivatives on the commodity ecosystem.

The BIMTECH study, conducted by Dr Prabina Rajib, Dr. Ruchi Arora from BIMTECH & Dr Parama Barai from IIT, Kharagpur focused on three perspectives

  • Impact of unavailability of price anchors for local mandis

  • Impact on edible oil prices at wholesale and retail level

  • Hedging efficiency in the international markets for the suspended commodities

Commenting on the study Prof Prabina Rajib said, “Periodic suspension of commodity derivative contracts has been a recurring theme in India that is not only hampering the growth of the derivative sector but also the growth of the overall commodity ecosystem. Though, world over commodity exchanges have continued to offer uninterrupted commodity derivatives contracts even in the face of supply-demand mismatch and variations in price. Hence, it was intriguing to deep-dive into the underlying prevalent belief system behind suspensions in India via empirical research and understand its impact on the foremost entity – our farmers and value chain participants. Our study articulates that the belief about derivatives futures trading leads to price inflation may be misplaced. Our analysis of retail and wholesale price determines that specifically for edible oils, not only have prices increased across categories during the post-suspension period, retail consumers are paying even higher prices.”

The IIT Bombay Shailesh J Mehta School of Management study conducted by Associate Professor (Economics) Sarthak Gaurav and Assistant Professor Piyush Pandey (Finance) focused on four specific objectives.

  • To examine how price discovery and risk hedging were affected following the suspension of five ETCDs

  • To examine the relationship between futures and spot prices, volume, and volatility and to present commodity-specific price variation associated with the suspension

  • To understand if speculation in specific suspended commodities is actually even a matter of concern.

  • To gain insights pertaining to futures trading for physical market participants including the farming community whose experiences in the context of futures trading remain understudied.

Speaking about their research Profs. Sarthak Gaurav commented, “Our research finds that there is no evidence of a positive relationship between Commodity Futures trading and spot market prices for five suspended commodities, suggesting that relationship between futures trading and food inflation for the commodities and time period of analysis is misplaced. In fact, the study based on statistical analysis of commodity futures and spot prices data and surveys in three states – Maharashtra, Madhya Pradesh, and Gujarat – firmly establishes that prices of both suspended and non-suspended commodities remained high after the suspension and that both domestic and international demand and supply factors influence retail prices of commodities.” He further states that, “Commodity derivative contracts play an important role in price discovery and risk hedging, which is apparent from the analysis. The suspension of futures commodities trading has negatively impacted better price realization because of the absence of reference pricing mechanism and thus also disrupted price risk management practices of participants in the commodity value chain. Consequently, the agri-ecosystem in whole has been affected due to hurdles in market access, participation and securing fair prices.”

Adding to viewpoint brought forth by the two studies, Mr. Sanjay Rawal, President of the Commodity Participants Association of India (CPAI) said, “Suspensions of commodities and derivatives trading not only negatively impacts the agri value chain, it breaks the inherent trust in the mechanism in the long term. Hence, it is pertinent to note that such decisions have long lasting consequences for our commodity market both physical & financial. Such actions should be evaluated in the light of potential fundamental price influencing factors like international markets, geo-political environment, weather anomalies, supply chain disruptions etc. on the domestic retail prices.” He further elaborated that, “Derivatives trading offers an anchor price for the futures market for price discovery and price risk management. Even Indian Economic Survey 2023-24 has emphasized the important role played by the agriculture derivatives market. I sincerely believe that the commodity futures market can effectively contribute to price discovery only when many consumers, producers, traders, and aggregators use these markets to hedge their risk.”

Dr. Rakesh Arrawatia, Professor, and Coordinator, Center of Excellence in Commodity Markets at the Institute of Rural Management Anand (IRMA) opined, “Commodity derivatives are market driven tools, that serve as shields during volatile times – safeguarding the interest of value chain participants and bringing sustainability to the commodity markets. Since these are relatively new tools, there is understandably a certain level of trepidation about them. However, the Government should utilize these tools to help the farmers manage their price risk even in the face of price volatility, encouraging them to actively participate, thereby boosting volumes and bolstering market confidence.”

adidas and Cult Come Together to Transform Strength Training and Promote Fitness in India

  • adidas and cult are partnering to redefine strength training in India, starting with adidas Strength+, a group workout format, and its ramp-up across India.

  • The partnership extends across 150+ cult centres, giving adidas a new avenue to engage with fitness enthusiasts

adidas, a global leader in the sporting goods industry, has announced a new partnership with Cult, India’s largest fitness brand. The two brands have come together to refine and scale adidas Strength+, a strength training workout set to redefine fitness experiences. This long-term partnership reflects a shared vision to elevate fitness in India, with adidas’ innovative products and Cult’s premium training.

adidas and Cult come together to transform strength training and promote fitness in India

As part of this collaboration, adidas has naming rights to the cult’s strength+ format, which will now be known as adidas Strength+ across all its platforms, including the app, website, and over 150 fitness centres countrywide.

Neelendra Singh, General Manager, adidas India said, “At adidas, we believe that an active lifestyle should not be a choice but a habit, and to ensure that fitness is accessible in India we are excited to partner with cult, India’s premier brand in fitness services. This association marks a significant step towards adidas’ commitment to helping everyone feel and realise their strength, so they can achieve their fitness goals with the support and comfort of our superior training products. Through this partnership, we aim at providing exciting workout experiences to our consumers and finding newer ways to engage with them.”

Naresh Krishnaswamy, CEO, Curefit said, “At cult, we’ve always been committed to democratizing strength in India by making it fun, easy, and accessible for everyone. Our collaboration with adidas paves the way for scaling, refining, and revolutionizing how strength training is perceived and practiced by everyday athletes. Im thrilled about the possibilities this partnership unlocks and the impact it will have in driving fitness adoption across the country.”

This collaboration promises to infuse new energy and engagement into strength training, solidifying adidas’ and cult’s position as leaders in the fitness world.

About adidas

adidas is a global leader in the sporting goods industry. Headquartered in Herzogenaurach/Germany, the company employs more than 59,000 people across the globe and generated sales of € 21.4 billion in 2023.

For more information, please visit www.adidas-Group.com.

Iss Children’s Day ‘Radio City Bana WOKA City’

This Children’s Day, Radio City, an esteemed brand known for its commitment to social responsibility, commemorated young listeners through an immersive, week-long event titled Junior Jocks. Renowned for its trusted voice in Indian broadcasting, Radio City and WOKA underscore the importance of delivering safe, enriching, and empowering content, exclusively tailored for children below the age of 14 years. With WOKA’s steadfast philosophy of Saaf, Safe Manoranjan (Clean, Safe Entertainment) and Radio City’s expansive multi-market reach, this partnership encouraged parents to seek secure content avenues, advocating child-friendly media in a time marked by pervasive digital consumption.

https://www.newsvoir.com/images/article/image1/30217_junior_jocks_Woka_collage.jpg

Iss Children’s Day ‘Radio City Bana WOKA City

Through this collaboration, Radio City and WOKA extended an invitation to children to co-host alongside Radio City’s RJs, crafting an unforgettable experience that celebrates the spirit and innocence of childhood. This exclusive program was broadcast live across ten key markets: Mumbai, Delhi, Pune, Jaipur, Udaipur, Ahmedabad, Varanasi, Lucknow, Kanpur, and Patna.

With media consumption at an all-time high, today’s children spend an average of five hours on digital screens daily, according to recent findings. Recognizing this, Radio City and WOKA leveraged Children’s Day as an occasion to advocate for a curated platform that offers secure, high-quality content. The initiative was met with overwhelming success, drawing children from across India and leaving a lasting impression on them and their families.

The grand event transformed the airwaves into a jubilant playground on November 14, where children assumed the role of RJs for the day. They expressed what Children’s Day meant to them, engaged in trivia games, and participated in live interactions, proudly showcasing their talents in an atmosphere brimming with joy and excitement.

Ashit Kukian, CEO of Radio City, shared, “We have a responsibility toward the next generation. With the increase in unmonitored content, it’s essential to offer safe media options for children. At Radio City, we believe in nurturing creativity and giving kids a platform to express themselves. ‘Junior Jocks’ has been a fantastic way to bring children into the spotlight, offering them a chance to co-host their favourite shows and create memories that will last a lifetime. We are also proud to have partnered with WOKA, which aligns perfectly with our mission to offer a safe, positive media experience for children.”

Kiran Agarwal, Founder & Chairperson of WOKA, added, “Recognizing the gap in availability of clean content options for the younger generation at an impressionable age, we launched WOKA. Content plays a crucial role in the holistic development of the child both mental as well as physical. We are at a juncture where hand-held devices are always at disposable in every household which implies monitoring online content is of top priority to all parents. Hence, ensuring that the children have access to a platform that provides content that is safe, educative and fun is the need of the hour. Partnering with Radio City for ‘Junior Jocks was the perfect way to highlight WOKA’s innovation and solution for child development. We are thrilled to celebrate this children’s day in a meaningful and forward-looking way by engaging with Gen Alpha.”

This Children’s Day, Radio City not only entertained but also empowered the younger generation, allowing them to take center stage and express their voices, creating memories that will resonate far beyond the frequencies.

About Radio City
Radio City, a subsidiary of Jagran Prakashan Ltd. under Music Broadcast Limited (MBL), is India’s first private FM radio broadcaster with over two decades of experience. With 39 stations across 12 states and 1 Union Territory, Radio City reaches 62% of Indias FM population, engaging 69 million weekly listeners (Source: AZ Research 2019). Its digital presence extends through www.radiocity.in.

Driven by its brand philosophy “Rag Rag Mein Daude City,” Radio City has pioneered unique and impactful content that resonates with city pride. The launch of #CityKiNayiVibe aims to connect with Gen Z through a fresh, modern sound. Popular IPs like Babber Sher,Joke Studio, and Love Guru have become listener favourites. The station also champions independent music with the ‘Radio City Freedom Awards’ and provides a platform for emerging talent through ‘Radio City Super Singer,’ the first radio singing talent hunt, ongoing for 14 years. Additionally, Radio City Business Titans was introduced in 2022 to honour excellence in Indian businesses.

Radio City has embraced ‘Radigitalization,’ integrating radio with digital technology for a seamless experience. This includes AI-driven RJ Sia, who offers personalized, dynamic content, and RC Studio, a 24/7 video channel that blends video and audio, expanding Radio City’s reach and engagement.

Radio City has earned over 217 awards from prestigious platforms such as New York Festivals, ACEF Global, and India Radio Forum. In 2022, Music Broadcast Limited received ‘Indias Best Company of the Year 2022’ from Berkshire Media. Radio City has consistently ranked as a top workplace in the Great Place To Work survey. In 2024, it was named the 7th Best Workplace in India and the Best Workplace for Millennials, while ranking 33rd in Asia and 1st in the Media sector. Previously, Radio City was recognized among India’s Top 75 Workplaces for Women in 2019 and achieved 4th place for Best Large Workplaces in Asia in 2020. Known for its vibrant culture, Radio City embodies trust, pride, and camaraderie, offering an exceptional workplace experience for all employees.

FedEx Economic Impact Report Showcases ‘FedEx Effect’ on Driving India’s Growth and Commitment to Sustainability

FedEx Corp. (NYSE: FDX) released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024). Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ‘FedEx Effect‘-the impact FedEx has on accelerating the flow of goods and ideas that generate economic growth globally, including substantial contributions in India.

“At FedEx, we have a vision to make supply chains smarter for everyone by leveraging advanced data and technology to better serve our customers and their customers, thereby extending our reach and impact,” said Raj Subramaniam, President and CEO, FedEx Corporation. “The ‘FedEx Effect’ represents our relentless commitment to excellence, economic growth, and the communities where we live and work.”

The report highlights FedExs role in strengthening Indias logistics infrastructure and promoting seamless global trade. FedEx directly contributed 0.1% to net economic output in the Transportation, Storage, and Communications sector in the region. In addition, FedEx indirectly contributed an estimated USD 280 million to the region’s overall economy in FY 2024. Key investments included modernizing the gateway facility at the New Delhi Cargo Complex, which enhanced export capabilities and reduced transit times for Indian exporters, helping them reach global markets in just two to three days. FedEx introduced the FedEx Import Tool (FiT), a centralized digital platform that streamlines document management and customs clearance, empowering Indian businesses with more efficient import processes. FedEx further demonstrated its commitment to innovation by investing USD10 million in Centers of Excellence at IIT Bombay and IIT Madras, utilizing India’s technological expertise to build smarter, more resilient supply chains.

“At FedEx, we’re proud to be part of India’s aspiration to lead on the global stage,” said Kami Viswanathan, regional president, FedEx MEISA. “Whether it’s helping businesses diversify into emerging technologies, supporting India’s dynamic youth, or connecting the country’s digital innovations to the world. Through sustainable solutions and our enhanced infrastructure, we are committed to contributing to both India’s economic and environmental progress.”

FedEx is actively supporting the Government of India’s sustainability goals through partnerships that foster positive change in communities. Through support of the World Resources Institute (WRI) and its Mobility and Access Program (MAP), FedEx is helping public transportation systems in India become more efficient, safer, and more sustainable-aligning with the country’s goal of deploying 50,000 electric buses by 2027.

Additionally, by donating electric vehicles to the Akshaya Patra Foundation, FedEx helps the NGO save on fuel costs, allowing them to provide meals to 550,000 additional children throughout the academic year. FedEx also promotes circularity by upcycling old uniforms into school bags for underserved communities.

Globally, in FY2024, FedEx contributed over USD 85 billion in direct economic impact and its indirect contributions to total worldwide net economic output reached an estimated $39 billion. FedEx contributions accounted for approximately 0.9% of overall net economic output in the Transportation, Storage, and Communications sector, as defined by the United Nations Conference on Trade and Development (UNCTAD). These contributions demonstrate the company’s broad-reaching impact across various sectors, creating value and fostering growth around the world.

Read the full FY 2024 FedEx Global Economic Impact Report and explore the FedEx Effect in communities and regions around the world at fedex.com/economicimpact.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the worlds most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.

To learn more, please visit fedex.com/about.