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Ozone Forum of India by Bisleri Charitable Trust hosted Medical Ozone Longevity Healing Festival

The Ozone Forum of India, a division of Bisleri Charitable Trust, successfully organized its landmark 13th Annual International Conference – the Medical Ozone Longevity Healing Festival. The two-day conference, held at Hotel Sea Princess, Mumbai, brought together medical professionals, healthcare experts and enthusiasts to explore groundbreaking developments in ozone therapy and integrative medicine.

Ramesh Chauhan, Chairman, Bisleri International Pvt Ltd, inaugurates the Ozone Forum of Indias 13th Annual International Conference 2025

Ozone Forum of India is the first and only Ozone Therapy teaching and promoting organisation, whose aim is to provide scientific understanding for health in “holistic totality“.

Glimpse from Ozone Forum of Indias Medical Ozone Longevity Healing Festival

As India’s pioneer institute in ozone therapy education and promotion, the Ozone Forum of India facilitated comprehensive discussions on advancing holistic healthcare solutions. The conference was focusing on knowledge sharing and empowering doctors and health enthusiasts in the latest techniques and technologies of integrated medicine and holistic healing. It was a confluence of science & healing for improving patient’s health and to provide better healing alternatives.

The event witnessed the participation of distinguished guests – Mr. Ramesh Chauhan (Chairman – Bisleri International Pvt. Ltd. & Bisleri Charitable Trust), Dr. D.R. Kaarthikeyan (Ex-Director CBI-DG NHRC, Advisor, Ozone Forum of India), Mr. M. Manickam (Chairman – Sakthi Sugars Ltd. & Ozone Promotor) , Mr. G.D. Rajkumar (Director – Gedee Weiler & Ozone Promotor), Dr. Lamberto Re (Chairman of the Scientific Advisory Committee, World Federation of Ozone Therapy), Dr. Patana Teng Umnuay (Dean of College of Integrative Medicine at Dhurakij Pundit University and CEO of Health Education & Academics Thailand), Dr. Mili Shah (President – Ozone Forum of India & Trustee – Bisleri Charitable Trust) & Dr.Jignasha Captain (Director – Ozone Forum of India).

The conference was focused in laying out the scientific approach of Ozone Therapy in treatment of different diseases. The distinguished speakers elaborated Ozone Therapy’s benefits in treating a wide range of health disorders, from chronic conditions like infected wounds, circulatory disorders, and age-related conditions to more serious diseases such as macular degeneration, viral infections, arthritis, cancer, Covid-19, diabetes, circulatory disorders, tuberculosis, etc. Ozone Therapy has thus shown pain relief and healing to countless individuals, proving its immense potential to revolutionize the way we approach healthcare.

The conference began with an engaging keynote by Dr. Re, who provided valuable insights into the clinical applications of medical ozone, highlighting its safety and versatility in treating a range of pathological conditions. The next day, Dr. Umnuay delivered an intriguing talk on the fascinating world of Mitochondrial Bioenergetics.

Dr. Mili Shah, President of Ozone Forum of India and Trustee of Bisleri Charitable Trust, highlighted the vast possibilities of Ozone Therapy and thanked the medical fraternity for attending the conference in her statement, “The conference witnessed diverse perspectives on revolutionary healthcare approaches, from epigenetics and DNA methylation to integrated oncology and pain management. The discussions delved deep into crucial areas including gut healing, infectious disease protocols, autism, neurodevelopmental diseases, cognitive frailty, gynecological disorders, dentistry, and diabetes management. I am grateful to the entire medical fraternity for their overwhelming participation in making our 13th Annual Conference a resounding success. As of today, we have trained more than 3,500 doctors in India & other Asian countries.”

Mr. Ramesh Chauhan, Chairman of Bisleri International Pvt. Ltd. & Bisleri Charitable Trust, in his speech emphasized that, “We are committed to promoting safe and effective use of Ozone Therapy. In the last few years, Ozone therapy has shown remarkable results in medical and wellness therapies. We have our own state-of-the-art Ozone Centre in Bisleri, where we offer this therapy at cost-effective solution to health problems. In future, we will be interested in more research and clinical developments.”

Dr. D.R. Kaarthikeyan in his comment said that, “As a patron and a strong believer of integrated medicine, meditation more than medicine and peace for world I believe that selfcare is the important to tool to keep our society healthy and only healthy society can build a strong nation, so I urge all to join the movement of being healthy and happy. It is our shared responsibility to unite and explore the full potential of Ozone Therapy, ensuring its widespread benefits for the public.”

The conference concluded with a renewed commitment to advancing research, education, and practical applications of ozone therapy, promising a future where traditional wisdom meets modern medical science for optimal patient care.

About Bisleri International Pvt. Ltd.

With a legacy of over 54 years, Bisleri International Pvt. Ltd has grown to become one of the largest premium beverage businesses in India. Being the makers of the countrys largest-selling packaged drinking water, Bisleri follows a stringent process of 114 quality tests and a 10-stage purification. It remains true to its core value of providing consumers with pure, safe and healthy water.

Bisleri International has a strong presence with 128 operational plants and a robust distribution network of over 6,000 Distributors and 7,500 Distribution Trucks across India and neighboring countries. It offers a range of beverages that are produced for all occasions. Whether it is the promise of goodness, trust, and purity with Bisleri Mineral Water, or a daily dose of health offered through Vedica Himalayan Spring Water. Besides, Bisleri International has ventured into fun-filled refreshments with a diverse range of carbonated drinks available in multiple flavors, such as Pop, Rev, Limonata and Spyci Jeera. These Bisleri products are also available on the e-commerce platform – Bisleri @Doorstep. This D2C platform reassures customers that they will receive a safe and uninterrupted supply of their most trusted brand at their doorstep.

The core values of Bisleri International lie in yielding growth and embedding sustainability by being responsible in all aspects of the business. The organization has unveiled Sustainability 2.0 with Bisleri Greener Promise that focuses on creating greener future for all through implementing initiatives under the program of recycling, water conservation and sustainability.

For more information on Bisleri International, our people, brands, and OSR initiatives, visit www.bisleri.com.

Zimbabwe Government Honours its Commitment to Compensate Investors Under Bilateral Investment Protection and Promotion Agreements (BIPPAs)

The Government of the Republic of Zimbabwe is honouring its commitment to compensate investors protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs), whose investments were affected by the Land Reform Programme in 2000. This follows the disbursement of funds from the US$20 million allocated for the compensation of BIPPA-protected farms in the 2024 National Budget.

The payments to farm owners under BIPPA-protection marks a historic milestone and a critical step in Zimbabwe’s Arrears Clearance and Debt Resolution Process.

Providing an update on the payments, the Minister of Finance, Economic Development, and Investment Promotion, Honourable Professor Mthuli Ncube stated, “I am pleased to announce that the compensation process has begun. We believe that this process is crucial for building trust, honouring our commitments, and ensuring consistency with our Constitution as we address Zimbabwe’s debt challenge.”

The payments towards the compensation of investors under BIPPA protection began in the second week of January 2025. Payments are being made to the claimants Bank accounts of choice.

Only claimants from countries with BIPPAs signed and ratified before the 2000 Land Reform Programme are eligible for compensation. 94 farms were approved for compensation. The claimants are from Denmark, Germany, the Netherlands, Switzerland and former Yugoslavia.

The Harare-based ambassadors of Germany, the Netherlands and Switzerland jointly welcomed the announcement, “The framework established by the Government of Zimbabwe leading to the full compensation of affected BIPPA farmers protected by Bilateral Investment Promotion and Protection Agreements, is indeed a historic achievement. We commend the Government’s allocation of funds in the National Budget as of 2024 to make the compensation a reality. Several affected investors have received initial payouts, and an emerging sense of closure exists. It marks a significant milestone, and we consider it a very encouraging step towards a comprehensive and fair settlement for farmers and investors in Zimbabwe, be it in terms of financial compensation or land tenure. Now, it is important for the Government to keep this positive momentum.”

The BIPPA farmers are being compensated for land and improvements on the farms in line with Section 295 (2) of the Constitution of Zimbabwe.

The President of the African Development Bank Group and the Champion of the Zimbabwe Arrears Clearance and Debt Resolution, Dr Akinwumi Adesina said, “The compensation demonstrates the Governments goodwill and commitment to building trust in the process and improving investor confidence in the country. The progress Zimbabwe has made, the commitment and resilience it is showing, calls for support from development partners to facilitate the country’s effort in implementing on going reforms and to provide the much-needed cushion to particularly the vulnerable members of the population.”

The compensation of these investors is one of the key reforms under the Structured Dialogue Platform on the country’s Arrears Clearance and Debt Resolution Process. Zimbabwe aims to clear its arrears, resolve debt, and unlock new concessional external financing to achieve its development goals. The Government established in December 2022, a Structured Dialogue Platform (SDP) with all its creditors and development partners, to institutionalise engagement on economic and governance reforms to underpin the Arrears Clearance and Debt Resolution Process.

The Resolution of BIPPA-protected farms is under the auspices of one of the three Sector Working Groups (SWG) of the country’s Structured Dialogue Platform for Arrears Clearance and Debt Resolution Process. It falls under the Land Tenure Reforms, Compensation for Former Farm Owners, and the Resolution of BIPPAs SWG. This SWG is co-chaired by the Office of the President and Cabinet, Switzerland and the United Nations Development Programme. The other two SWGs are Economic Growth and Stability Reforms, and Governance Reforms.

At the last High-Level SDP Meeting held in Harare on 25 November 2024, His Excellency, Dr Emmerson Dambudzo Mnangagwa, the President of the Republic of Zimbabwe, reiterated the Government’s ownership of the Arrears Clearance and Debt Resolution Process, and his commitment to the implementation of reforms underpinning the Process, in line with the country’s National Development Strategy 1.

The resolution of BIPPAs is also part of the country’s engagement and re-engagement initiatives with the international community.

After disbursing the US$20 million from the 2024 National Budget for BIPPA-protected farms, the remaining US$125.9 million will be paid over four years (2025 to 2028) through annual fiscal allocations. Additionally, the Government has allocated another US$20 million in the 2025 National Budget for this purpose.

Table 1: Approved BIPPA Farms for Compensation

Country

Number of Farms Approved for Compensation

Farmers

Value (US$ millions)

Denmark

6

5

13.4

Germany

14

7

14.0

Netherlands

46

33

88.2

Switzerland

27

10

27.0

Former Yugoslavia

1

1

3.3

Total

94

56

145.9

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Caption for Images: Sixth High-Level Structured Dialogue Platform on Zimbabwes Arrears Clearance and Debt Resolution Process held in the countrys capital, Harare in November 2024

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Video Caption: Zimbabwes Minister of Finance, Economic Development and Investment Promotion, Honourable Professor Mthuli Ncube Speaks about Compensation of Investors under Bippa-protection

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Contact:
Telephone: +263 242 794572-9
WhatsApp: +263 719 567 091/719 567113
www.ZimTreasury.co.zw

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Rado Unveils the DiaStar Original x Tej Chauhan: A Timeless Symphony of Heritage and Innovation

Rado, the revered “Master of Materials,” proudly presents its latest design masterpiece-the Rado DiaStar Original x Tej Chauhan. This extraordinary creation reimagines the legendary DiaStar Original, seamlessly blending six decades of iconic craftsmanship with the visionary genius of British industrial designer Tej Chauhan.

L-R – Ms Simran Chandhoke, Brand Manager – RADO (Business Head India), Designer, Mr Tej Chauhan and Mr Adrian Bosshard, CEO of Rado

A bold reinterpretation of a timeless classic, the DiaStar Original x Tej Chauhan features a radiant yellow-gold-coloured PVD-coated Ceramos™ bezel, celebrated for its unmatched durability and brilliance. Paired with a light grey, pillow-shaped rubber strap, it juxtaposes elegance with a contemporary edge. The matt black dial, accented by a striking silver and blue minute track, is an artistic marvel, further distinguished by Chauhan’s proprietary typography for the day-date display.

Beneath its exquisite exterior lies Rado’s calibre R764 automatic movement, offering an 80-hour power reserve and enhanced precision through its Nivachron™ antimagnetic hairspring. With a water resistance of up to 10 bar (100 meters), the timepiece marries impeccable performance with design ingenuity.

Adrian Bosshard, CEO of Rado, reflects on the partnership, “Tej Chauhan has delivered a visionary interpretation of the DiaStar, honouring its enduring legacy while propelling it into a bold new future. His brilliance is evident in every detail.”

Tej Chauhan shares his inspiration, “DiaStar Original is a Rado icon, so my challenge was to create design distinction without compromising its integrity.”

The Rado DiaStar Original x Tej Chauhan is not merely a watch but a statement of artistry, craftsmanship, and the unyielding pursuit of innovation.

Step into the future of horological excellence at rado.com.

#Rado #DiaStarOriginalxTejChauhan #FeelIt #MasterOfMaterials

Max Financial Services reports 8% growth in consolidated revenue^ in 9M FY25 rising to ₹34,106 crore; Axis Max Life Insurance’s Total APE grew 26%

Axis Max Life 9M FY25 Highlights:

  • New Business Premium*: ₹8,091 crore, up 16%; Proprietary channels APE grew by 41%;

  • Gross Written Premium: ₹21,360 crore, up 14% YoY

  • Embedded Value at ₹24,129 crore, grows 29% with an Operating RoEV of 17.3%

  • Individual New Business Sum Assured grew by 34%

  • Assets Under Management (AUM) at ₹1,71,705 crores, up by 20%

  • New retail policy sales increase by 19% during 9M FY25

Max Financial Services Limited has recorded consolidated revenue^ of ₹34,106 crores during 9M FY25, up by 8%. The consolidated revenue excluding investment income at ₹20,906 crore grew by 14% year-on-year during 9M FY25.

Max Financial Services reports 8% growth in consolidated revenue in 9M FY25 rising to ₹34,106 crore; Axis Max Life Insurance’s Total APE grew 26%

In 9M FY25, Axis Max Life Insurance Limited’s (Axis Max Life/ the Company) New Business Premium (Individual and Group) grew by 16% to ₹8,091 crore and Individual Adjusted First Year Premium grew by 25% to ₹5,352 crore leading to private market share gain by 41 bps to 9.3%. Number of new retail policies grew by 19%. Further, the renewal premium rose by 12% to ₹13,269 crore, taking the Gross Written Premium to ₹21,360 crores, an increase of 14% over the previous financial year. Additionally, the Company registered a growth of 9% in VNB in first 9 months despite the impact of surrender regulations in third quarter.

During the third quarter, the Company continued its growth momentum within its proprietary channels and grew its APE by 26%, backed by a secular growth within Agency, Cross Sell and E-commerce channel. This growth was fueled by a successful NFO launch, Sustainable Wealth 50 Index Fund. Additionally, the Company successfully refreshed its brand identity and changed its corporate name from erstwhile, Max Life Insurance Company Limited to now Axis Max Life Insurance Limited.

Mr. Prashant Tripathy, CEO and Managing Director, Axis Max Life, said, “During 9M FY’25 Axis Max Life increased its market share by 41 bps with an Individual Adjusted FYP growth of 25% vs a growth of 19% for Private Industry and a growth of 14% for Total Industry. Our strong 9M FY25 performance underscores our strategic commitment to expanding proprietary channels, strengthening partnerships, and tapping into new customer segments. With focused investments and robust execution, we continue to drive sustained growth across all channels.

Further, our rebranding to Axis Max Life leverages the combined strength and trust of two leading financial brandspropelling our strategic expansion beyond major metros and Tier 1 cities. This leverages our legacy of trust and expertise and adds the confident familiarity of the Axis brand, ultimately driving enhanced value creation for our stakeholders.”

In 9M FY25, the Company’s Annual Premium Equivalent (APE) grew by 26% driven by a strong growth of 41% within Proprietary channels and 16% within Partnership channels. The contribution of Proprietary channels to total new sales increased from 40% in 9M FY24 to 44% in 9M FY25. The Company maintained leadership position in overall E-commerce business in both online Protection, and online Savings. The new business growth was fuelled by strong growth in Protection & Health, ULIP and Group Credit Life. Retail Protection & Health grew by 37%, Group Credit Life grew by 18% in 9M FY25. Additionally, the Company has successfully on-boarded 32 new partners in 9M FY25, including 3 Banca Partners – India Post Payments Bank, NSDL Payments and CSB Bank.

Focusing on product innovation, the Company launched another NFO during Q3, Sustainable Wealth 50 Index Fund along with a new Term product, “Smart Term Plan Plus”. This new protection plan offers customers flexibility to opt from 7 plan variants tailored to better meet customer needs, including income protection and whole life coverage up to age 100. Additionally, it also includes instant payment upon claim intimation, auto-rebalancing of life and ADB cover, and a Maternity cover for female lives Insured to safeguard themselves from certain Pregnancy related complications and their new born against Congenital Anomalies. Our focus on protection has led to a strong growth of 34% in Individual new business Sum assured.

In 9M FY25, Axis Max Life’s persistency performance has continued to improve with a leadership position maintained in 13-month persistency (basis number of policies) at 84.8%.

Key Financial Summary of Axis Max Life:

₹ Crore

9M FY25

9M FY24

YoY

Financial performance Summary

Total APE

5,731

4,561

26%

Renewal Premium

13,269

11,823

12%

Gross Written Premium

21,360

18,793

14%

Number of Policies (000s)

540

454

19%

Individual New business Sum Assured

2,59,925

1,94,000

34%

Assets Under Management

1,71,705

1,42,621

20%

Profit Before Tax

397

436

-9%

Embedded Value

24,129

18,709

29%

Value of new business

1,255

1,152

9%

Solvency

196%

179%

17%

About Max Financial Services Limited

Max Financial Services Limited (MFSL) is part of India’s leading business conglomerate – the Max Group. Focused on Life Insurance, MSFL owns and actively manages an ~81% majority stake in Axis Max Life Insurance Limited.

MFSL is listed on the NSE and BSE. Besides a 3.3% holding by Analjit Singh and sponsor family, some of the other group shareholders include MSI, Ward ferry, New York Life, Capital, GIC, Baron, Vanguard, Jupiter, Blackrock, and the Asset Management Companies of DSP, Nippon, HDFC, ICICI Prudential, UTI, Motilal Oswal, Canara Robeco, Sundaram, Aditya Birla Sun Life, Mirae, and Kotak.

About Axis Max Life Insurance Ltd.

Axis Max Life Insurance Ltd. (formerly known as Max Life Insurance Company Ltd. is a Joint Venture between MFSL and Axis Bank Limited. Axis Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24, Axis Max Life has achieved a gross written premium of INR 29,529 Cr.

For more information, please visit the company website at www.maxlifeinsurance.com.

^ Includes investment income
* New business premium includes individual and group premium

Netrack Engages Industry Leaders at BICSI Chennai with Future-oriented IT-solutions

Netrack’s participation in the BICSI event in Chennai on December 21st 2024, marked the year with productivity and success. As a leader in the manufacturing of data center racks and IT infrastructure solutions, Netrack showcased its cutting-edge offerings to meet the growing demands of high and medium-density environments. Over fifty industry professionals attended the event. In fact, it was a grand success with enthusiastic participation and insightful discussions.

Netrack Engages Industry Leaders at BICSI Chennai with Future-oriented IT-solutions

One of Netracks heart and soul, Mr. Krishna Raj, gave an enthusiastic presentation that gave the event a boost. He conducted a comprehensive and engaging session with interesting discussions on Netracks latest solutions for high and medium-density requirements. Throughout his presentation, he emphasized on important innovations such as the rear door heat exchanger. He elaborated on the cutting-edge solution designed by Netrack to optimize cooling and energy efficiency in a high-density data center environment. He spoke into detail about Netracks state-of-the-art solution for maximizing energy efficiency and cooling in a high-density data center setting. By addressing important industry challenges related to thermal management, Netrack gained special attention from all the participants due to its potential to enhance operations and reduce costs.

Mr. Krishna Raj was joined by Mr. Ramesh from Chennai, a key member of the Netrack team, and together they answered audience questions and provided valuable insights into how Netrack’s solutions are shaping the future of IT infrastructure management. They also emphasized the sustainability and efficiency aspects that set Netrack apart in the industry.

Netrack also demonstrated its CE-certified Power Distribution Units (PDUs) at the event, which impressed industry professionals with their quality, safety, and reliability. The real-time display of the CE-certified PDUs showcased the robust performance and seamless integration of Netrack’s PDUs into data centers and allowed everyone present to experience the efficiency of the offering. Such a live demonstration in the BICSI event in Chennai further enhanced Netrack’s reputation for delivering innovative solutions that meet global standards.

Overall, the event provided an excellent opportunity for Netrack to connect with key stakeholders in the IT and data center industry. It enabled the scope for future engagements by highlighting its commitment to innovation and customer-focused solutions.

Delirium Music Festival 2025: A Spectacular Musical Extravaganza in Association with Times of India

Get ready for an electrifying night as Delirium Music Festival 2025, in association with Times of India, gears up to bring a sensational lineup of artists to Bengaluru! The much-anticipated festival, presented by JJ Productions and Peritum Productions, will take place at TERRAFORM – Main Gate, Bengaluru, on March 2nd, 2025, from 5 PM onwards.

Delirium Music Festival 2025

Delirium Music Festival has curated an unforgettable experience featuring some of India’s most celebrated artists, including Anuv Jain, Zaeden, Osho Jain & Zeeshan Khan, with a perfect mix of indie, electronic, and soul-stirring melodies, the festival promises to be an unmissable celebration for music lovers.

Mr. Janmejay Singh Patil (JJ), Founder of JJ Productions, expressed his excitement about the event, stating, “Delirium Music Festival is all about creating moments that resonate with music enthusiasts. With this lineup, we aim to elevate the experience and make it a truly unforgettable night.”

Dr. Nishant Jayant, Founder & Director of Peritum Productions, added, “We are thrilled to bring Delirium 2025 to Bengaluru, a city that truly embraces music. This festival will be a fusion of energy, passion, and creativity, and we can’t wait to share it with our audience.”

With its powerful artist lineup, high-energy ambiance, and a promise of an immersive musical journey, Delirium Music Festival 2025 is all set to take Bengaluru by storm.

Tickets are now available! Don’t miss the chance to witness this grand spectacle. Grab your passes today and be part of a night to remember.

For more details and ticket bookings + 91 8770931613

For more information, please visit https://www.instagram.com/deliriums___/

Lava’s #MyBharatWithLava Campaign Concludes, Engages With 4M Social Natives

Lava International Limited, the Indian smartphone manufacturer successfully concluded its #MyBharatWithLAVA campaign, garnering 57K engagement on Instagram. The two- day campaign started on the eve of Republic Day 2025 marked an industry-first initiative, celebrating India’s rich cultural diversity, ethnicity and creativity through a digital parade. By collaborating with popular content creators from across the country, the campaign brought to life the patriotic spirit and unique storytelling, while celebrating Indias secular ethos of Unity in Diversity.

MyBharatwithLava

The campaign, which took over social media, ignited patriotic pride and reached close to 4 million social natives, driving an impressive engagement of 57K and 632K impressions in collaboration with prominent creators in the likes of Satya Saggar, Narendra Raj and Priyansh.

Sharing his views on the campaign, Mr. Puravansh Maitreya, Head of Marketing, Lava International Limited said “At Lava, we believe in the power of diversity and unity that makes India truly special. With #MyBharatWithLAVA, we set out to celebrate the vibrant cultural identities of each state while fostering a deep sense of national pride. Seeing the overwhelming response and the incredible engagement from across the country has been truly inspiring. This campaign became more than just a tribute to India’s rich heritage-it evolved into a movement where people proudly showcased their regional traditions. This 76th Republic Day, we invited everyone to unite in celebrating the essence of our great nation, because when we come together, Bharat shines brighter!

The campaign, which kicked off with a high-impact Instagram grid post on January 26th, 2025, brought together eight regional influencers who represented different states, each sharing their unique cultural stories through 20-second short videos. The list included familiar names such as Satya Saggar from Mumbai, Narendra Raj from Delhi, Priyansh from Bhopal, Akshay from Lucknow, Mohammad Abbass from Kashmir, Ashwin K C from Kerala, Krishan Nagi from Assam, and Rinku Bisht from Gujarat.

In the second leg, Lava encouraged user participation by inviting people to share their cultural pride, with the best entries being featured as ‘State Stars’ on Lava’s social media platforms. The initiative successfully strengthened community bonds, with users actively contributing stories, photos, and videos that reflected their regional traditions.

With creative support from Social Panga, the campaign successfully delivered content that resonated deeply with audiences across digital platforms, driving exceptional engagement and connection.

About Lava International Limited

#ProudlyIndian | Made in India, Made for India

Lava International Limited, headquartered in Noida, Uttar Pradesh, is a pioneering mobile handset and solutions company in India, founded in 2009 with the vision to empower individuals. The companys corporate office and manufacturing facility, equipped with a production capacity of 42.52 million handsets per annum, are strategically located in Noida. Lavas commitment to innovation is reflected in its two state-of-the-art research and development centers in Noida, housing dedicated teams in software and hardware design. The companys extensive nationwide presence is facilitated by a robust retail network of 1.65 Lakh retailers, directly served by over 1000 distributors, and supported by a vast after-sales service network of 800+ professionally managed service centers. The brand has a global presence in 20+ countries.

Beyond smartphones, Lava is expanding its product portfolio to include smartwatches, Neckbands, Probuds, and an extended True Wireless Stereo (TWS) segment. The brands credibility is underscored by being ranked the ‘Most Trustworthy Brand’ in the CMR Retail Sentiment Index.

Connect with us on Instagram, X (Twitter), and LinkedIn.

IDFC FIRST Bank Introduces Exclusive Package Designed for Senior Citizens

IDFC FIRST Bank has unveiled an exclusive and specialised range of banking products and services specifically curated to address the unique financial requirements of the elderly members of the society.

Mobile Banking Redefined for Senior Citizens

These offerings, include the Senior Citizen Savings Account and Senior Citizen Fixed Deposits, reaffirming the bank’s commitment to provide superior, secured and customised financial solutions for this important customer segment.

Under this program, the Bank has introduced a dedicated feature on its Mobile Banking App called ‘Senior Citizen Specials’. This feature offers to senior citizens.

  • Safe, secure, and customised investment solutions as applicable to senior citizens’ needs based on their life-stage.

  • Additional 0.5% interest rate on fixed deposit

  • No penalty on premature closure of the FDs

  • Cyber Insurance Coverage of Rs. 2 lakhs to protect our senior citizens from rising cyber threats,

  • Complimentary one-year MediBuddy health membership with unlimited complimentary doctor video consultations for up to 4 family members

  • Up to 15% discount in network pharmacies, a full body health checkup covering 50+ parameters, and a Rs. 500 wallet balance to avail.

  • The mobile banking app also provides access to a simplified mutual fund investment experience which is backed by innovation and research. The MF offers are conservative, and can be modified by the senior citizen based on their own risk-reward appetite.

Commenting on the Bank’s offerings for Senior Citizens, Mr. Chinmay Dhoble, Country Head – Retail Liabilities & Branch Banking said, “We want to treat our Senior Citizens special and we arehappy to announce specialised and innovative offerings for Senior Citizens. Our Senior Citizen Savings Account eliminates over 30 charges that are typically levied on savings accounts. In addition, we have put together a very special package for our esteemed senior citizens, with no premature breakage penalty on fixed deposits, health benefits, cyber insurance and a special app customised for seniors. We hope this is liked by our seniors and this will be a tribute for their contribution to us.”

For more information, please visit www.idfcfirstbank.com.

JKLC Posted Net Profit of Rs. 59.64 Crores in October-December 2024

JK Lakshmi Cement Ltd. (JKLC), a Flagship Company of JK Organization today announced its Financial Results for the Third Quarter of Financial Year 2025.

Financial Highlights

Standalone

Particulars

Units

Oct-Dec 24 Quarter

Oct-Dec 23 Quarter

Sales Volume

Lac Tonnes

22.48

23.55

Net Sales

Rs. Crores

1373.29

1586.06

PBIDT

Rs. Crores

153.17

259.24

PBT

Rs. Crores

85.18

187.51

PAT

Rs. Crores

59.64

124.06

Net Debt to EBIDTA

Times

0.54

0.05

Net Debt Equity

Times

0.11

0.0

Apr-Dec 24 Nine Months

Apr-Dec 23 Nine Months

64.40

70.57

3959.15

4671.99

503.11

634.32

301.71

422.24

223.49

281.97

0.54

0.05

0.11

0.01

Composite Scheme of Arrangement

Further as a part of Company’s ongoing efforts to enhance Shareholders’ Value, the Company’s Board had approved the Composite Scheme of Arrangement which provides for the Merger of its Subsidiaries viz Udaipur Cement Works Ltd (UCWL), Hansdeep Industries & Trading Company Limited and Hidrive Developers & Industries Limited into itself subject to various Regulatory Approvals & Compliances. The Appointment Date for the Merger is 1st April 2024. The Company has already approached the Regulatory Authorities for their consents. Pending the necessary approvals, the effect of the Scheme has not been given in the Financial Results.

Commenting on the Results of the Company, Smt. Vinita Singhania, Chairperson & Managing Director(CMD) of the Company said, “The Profitability of the Company for the Quarter has been impacted due to Lower Sales Realization in our primary markets.”

Sustainability

The Company is implementing a Project for enhancing its TSR from 4% to 16% in a phased manner at its Sirohi Cement Plant as a part of its Green Initiatives.

The Share of Renewable Power Green Power in the Company’s Power Mix was 48% for the Quarter.

CAPEX

The Company is expanding its Cement Grinding capacity at its Surat Grinding Unit from 1.35 Million Tonnes to 2.7 Million Tonnes. The Project is likely to cost Rs.225 Crores to be funded through Term Loans from Bank of Rs. 150 Crore & the balance from Internal Accruals.

The Company is also putting up a Railway Siding at its Durg Cement Plant at a Cost of Rs.325 Crores to be funded through a Debt of Rs. 225 Crores & the balance through Internal Accruals.

The Company is expanding the Clinker Capacity at its integrated Cement Plant at Durg in Chhattisgarh by putting up an Additional Clinker Line of 2.3 Million Tonnes Per Annum & Four Cement Grinding Units aggregating to 4.6 Million Tonnes Per Annum at Durg in Chhattisgarh and also Three Split Location Cement Grinding Units with aggregate Cement Grinding Capacity of 3.4 Million Tonnes Per Annum at Prayagraj in Uttar Pradesh, Madhubani in Bihar & Patratu in Jharkhand. The Project is likely to cost Rs.2500 Crores & is proposed to be funded through Term Loans from Banks of Rs.1750 Crores & the balance through Internal Accruals.

Consolidated Financial Results for the Quarter & Nine Months ended 31st December 2024.

Particulars

Units

Oct-Dec 24 Quarter

Oct-Dec 23 Quarter

Sales Volume

Lac Tonnes

30.30

29.60

Net Sales

Rs. Crores

1496.83

1702.84

PBIDT

Rs. Crores

210.79

318.84

PBT

Rs. Crores

87.01

222.98

PAT

Rs. Crores

60.46

150.15

Net Debt to EBIDTA

Times

2.43

1.14

Net Debt Equity

Times

0.53

0.38

Apr-Dec 24 Nine Months

Apr-Dec 23 Nine Months

85.31

87.28

4295.00

5007.62

543.88

757.44

176.32

482.49

108.82

325.81

2.43

1.14

0.53

0.38

Awards & Accolades

1. JK Lakshmi Cement felicitated with Innovation in CSR Practices Award At 11th edition of CSR Summit & Awards 2024 by UBS Forums.

2. 7 Gold Awards at Rajsamand Chapter Convention of Quality Circle Forum of India, 2024 to Sirohi Unit.

3. JK Lakshmi Cement (Sirohi Unit) was honoured for exceptional commitment to workforce welfare with the Best Employer Award by the Employers Association of Rajasthan.

4. JK Lakshmi Cement (Durg Unit) was awarded the Silver Category Award for outstanding performance in AF and AR co-processing at the International Waste Management Conference.

5. JK Lakshmi Cement (Surat Grinding Unit) was awarded the Gold Award in the Cement Category at the Grow Care India Energy Efficiency Award by M/s Grow Care India.

6. JK Lakshmi Cement (Cuttack Grinding Unit) was awarded the Odisha CSR & Leadership Award 2024 at the Odisha CSR forum.

7. JK Lakshmi Cement (Jhajjar Grinding Unit) was awarded the Platinum Award in the Environment Preservation Category at the 16th Exceed Environment Award Ceremony.

8. Durg Unit is recognized as the “Energy Efficient Unit” at the 25th National Award for Excellence in Energy Management 2024 by CII.

9. “Platinum Award 2024” in the Environment Preservation category for Outstanding Practices on “Environment Preservation” in the Cement Industry at the 16th Exceed Environment Award Ceremony to Jhajjar Grinding Unit.

Outlook

Considering the Government’s continuous focus on Infrastructure Development & Higher Budgetary allocation towards Infrastructure Development and various Other Initiatives for Housing & Road Development, the Outlook for Cement Sector is positive in the coming year.

About JK Lakshmi Cement Limited

JK Lakshmi Cement Limitedis a part of the prestigious JK Organisation which is over hundred and thirty-five years old and boasts operations in India and abroad with a leadership presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles.

JK Lakshmi Cement is a renowned and well-established name in the Indian Cement industry for four decades and has an annual turnover of over Rs 6000 crores. The Company has a formidable presence in Northern, Western and Eastern Indias cement markets.

Having started in 1982, the Company has modern and fully computerized, integrated cement plants at Jaykaypuram, in the Sirohi district of Rajasthan, at Dabok, in the Udaipur district of Rajasthan (a subsidiary of the company) and at Ahiwara, in the Durg district of Chhattisgarh. The Company also has four split location grinding units at – Kalol and Surat in Gujarat, Jhamri in the Jhajjar district of Haryana and Cuttack in Odisha. The present combined capacity of the Company is about 16.4 Million Tonnes per annum.

The Company has also introduced Smart Business Solution Products (SBS) such as JK Lakshmi Concrete- Ready Mix Concrete (RMC), JK Lakshmi- Gypsum Plaster, JK Lakshmi Wall Putty and JK Lakshmi Fly Ash Blocks.

JK Lakshmi Cement has a Vision of reaching Cement Capacity of 30 Million Tonnes by 2030.

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