Architects and urban design professionals at the 2nd edition of Latitude 2025, hosted by the Indian Institute of Architects – Karnataka Chapter (IIA-KC), have called for immediate government intervention to address the growing urban infrastructure challenges across India. The two-day event, held on January 24-25, brought together leading architects, urban planners, and policymakers to discuss innovative solutions for the nation’s urban future.

Winners from Betweenspaces, Studio Motley, Parallax alongside Mr. Jayasankar Kentinkara-UltraTech, Ar. Mohan B. R. and Ar. Mueen Haris-IIA-KC at the Design Awards ceremony

During his keynote address, Ar. Mohan B.R., Chairman of IIA-KC, urged policymakers to leverage the expertise of architects in shaping urban development and resolving infrastructure issues. He pointed out the significant disconnect between architectural education and practice due to insufficient government support and collaboration. Mohan emphasized the importance of involving professionals from various fields in policy-making and urban planning processes to achieve sustainable, well-designed cities.

“Indian architects possess the necessary skills and international exposure to tackle large-scale urban challenges,” said Mohan. “Yet, without a robust partnership between architects and the government, we are unable to deliver long-term solutions to the nation’s infrastructure crises, including traffic congestion, urban planning inefficiencies, and inadequate facilities.”

Ar. Mueen Haris, Vice-Chairman of IIA-KC, echoed the sentiment, urging the Indian government to adopt global best practices in architectural design. Drawing a parallel to India’s success in attracting international talent for sports, Haris called for similar efforts to integrate global architectural standards into the nation’s urban design projects.

The event also marked the launch of the IIA-KC Latitude Design Awards 2025, a celebration of architectural excellence across multiple categories. The winners were selected after two thorough rounds of jury evaluations.

The UltraTech Latitude Design Awards 2025 recognized outstanding achievements in architecture across various categories. The recipients of the awards included:

• Outstanding Public Building: Betweenspaces

• Outstanding Individual Residece: Studio Motley

• Outstanding Interiors: Residential

• Outstanding Public Building – Hospitality: Parallax Architects

• Outstanding Educational Projects: Architecture Dialogue and Biome Environmental Solutions

• Outstanding Interiors Non-Residential: Mistry Architects

• Outstanding Beyond Architecture – Architectural Drawing as an Art Form: Sthaan

In addition, the event recognized professors from IIA-KC-affiliated architectural colleges in Karnataka for their outstanding contributions to the field.

Latitude 2025 served as a vital platform for fostering knowledge exchange, creative collaboration, and fresh thinking in the architectural and urban planning sectors. As Indian cities continue to grapple with rapid urbanization, the event underscored the urgent need for more integrated, forward-thinking strategies to build sustainable, liveable urban environments.

Over 1,000 architects and students gathered for the Latitude 2025 event, with PROMINENCE served as the title sponsor for the Latitude 2025 event, while UltraTech proudly supported the IIA-KC Latitude Design Award 2025 as its sponsor.

Parimatch, the #1 global gaming platform, is excited to announce its partnership with Ritu Phogat, a prominent Indian wrestler and MMA fighter. The daughter of renowned coach Mahavir Singh Phogat, Ritu has etched her name in the wrestling world with remarkable achievements, including a gold medal in the 48 kg category at the 2016 Commonwealth Wrestling Championship and a bronze medal at the 2017 Asian Wrestling Championships. After transitioning to Mixed Martial Arts (MMA) in 2019, she joined the prestigious ONE Championship, quickly gaining recognition for her powerful ground game and relentless fighting spirit. Ritus talent, tenacity, and sportsmanship have earned her respect from the wrestling community and a loyal fan base in India.

MMA Star Ritu Phogat Joins Parimatch as Brand Ambassador

As a Parimatch ambassador, Ritu will engage in exclusive events and campaigns, connecting with fans through social media and offline meetups to share her journey and embody the spirit of sportsmanship that resonates with the brand. Her story of perseverance serves as an inspiration, particularly for young athletes, aligning perfectly with Parimatch’s mission to promote the winning attitude and empower individuals to transform their dreams into reality.

“I am thrilled to join Parimatch as a brand ambassador,” Ritu Phogat said. “Sport, like the ring, teaches us that every move matters. It inspires, unites, and shows the power of dedication and belief. I can’t wait to connect with fans, share my journey, and show everyone that with hard work and determination, you can step into the ring of life and come out a winner.”

Parimatch is delighted to welcome Phogat on board, “Ritu is a role model for aspiring athletes. Her journey encourages others to follow their dreams in sports with passion and determination. She is a strong advocate for women’s sports, empowering and motivating others through her achievements. We’re proud to partner with such an exceptional athlete and look forward to this powerful collaboration,” commented the Parimatch Press Office.

Parimatch and Ritu Phogat join forces to inspire athletes and promote women’s sports, highlighting the power of resilience and passion in achieving success.

About Parimatch

Parimatch is the #1 global gaming platform that provides a complete suite of sports services to its customers. Since 1994, Parimatch has grown to be enjoyed by 3,000,000 active users worldwide. It is trusted by the worlds top athletes and celebrities: Trinidadian cricket stars Nicholas Pooran and Sunil Narine and Indian rap icon Divine are among their brand ambassadors. Parimatch is the Regional Sponsor of the Argentine Football Association and the Title Sponsor of the Sunrisers Eastern Cape, a South African professional Twenty20 cricket franchise team.

With the economic landscape in a continuous state of fluctuations, businesses of all sizes are seeking innovative financial solutions to fuel their expansion. One of the most sought-after ways to chase growth and scale businesses is taking a business loan. However, before applying for a business loan, it is important to consider one of the key factors influencing loan terms-the interest rate on the loan-and how business loan interest rates can be impacted.

Impact of Interest Rates on Business Loan

Interest rates play a crucial role in determining the cost of borrowing, directly impacting the affordability and accessibility of business loans. A lower interest rate can reduce the overall cost of the loan, making you better equipped to manage repayment and invest in the growth of your business.

Shriram Finance, a top player in the Non-Banking Financial Company (NBFC) sector, offers a competitive interest rate on its business loan, making it an affordable option for businesses of all sizes.

Understanding the Impact of Interest Rates on Business Loans

Different lenders provide different interest rates on their business loans, depending on their policies, the applicant’s financial profile, the business’s age, etc. However, as a rule of thumb, this is what borrowers must ideally understand.

When the interest rates rise, this is what can be expected:

• Increased Interest Payments: Higher interest rates directly translate to increased interest payments on loans. This can strain a businesss cash flow, especially for those with significant debt.

• Reduced Borrowing Capacity: As the cost of borrowing rises, businesses may find it more difficult to secure loans, limiting their ability to invest in growth initiatives, such as expanding operations, hiring new employees, or acquiring new equipment.

When interest rates fall, here’s how it impacts business loans:

• Decreased Interest Payments: Lower interest rates directly translate to decreased interest payments on loans. This can free up cash flow for businesses, allowing them to invest in growth initiatives or pay down debt.

• Increased Borrowing Capacity: As the cost of borrowing decreases, businesses may find it easier to secure loans, increasing their ability to invest in growth initiatives, such as expanding operations, hiring new employees, or acquiring new equipment.

Factors Affecting Business Loan Interest Rates

There are several factors that impact business loan interest rates, some of which are discussed below:

• Economic Conditions: General economic factors like inflation, repo and reverse repo rate set by the Reserve Bank of India (RBI) can impact business loan rates.

• Type of Business: The industry and type of business can influence interest rates, with some industries considered riskier than others.

• Business Financials: The strength of your businesss financial performance, including revenue, profit, and cash flow, can affect interest rates.

• Credit Score: A higher credit score of the applicant often leads to lower interest rates, as it indicates a lower risk for the lender.

• Loan Amount: Larger loan amounts may have slightly higher interest rates due to the increased risk for the lender.

• Repayment Tenure: Longer repayment terms can sometimes result in higher interest rates.

• Collateral: Secured loans (with collateral) typically have lower interest rates than unsecured loans.

• Relationship with the Lender: Existing relationships with the lender can sometimes lead to more favourable interest rates

Mitigating the Impact of Interest Rates on Business Loans

To mitigate the risk of business loan interest rate fluctuations, consider the following:

• Choose the Right Loan Type: Consider fixed-rate loans, which lock in a specific interest rate for the entire loan term. This provides stability and predictability in your monthly payments, regardless of market fluctuations.

• Research Multiple Lenders: Dont rely solely on one lender. Explore options from different financial institutions to secure competitive rates and potentially diversify risk.

• Accelerate Your Payments: When interest rates are low for variable-rate loans, increase your monthly payments to pay off the loan faster, reducing the overall interest burden.

• Opt for Debt Consolidation: If you have multiple loans, consider consolidating them into a single loan with a potentially lower interest rate.

Shriram Finance: A Reliable Partner for Business Growth

Shriram Finance, a leading NBFC, recognises the pivotal role of interest rates in shaping the business landscape. The company offers a range of financial solutions, including business loans, designed to cater to the diverse needs of Indian businesses.

Key Features and Benefits of Shriram Business Loan

Here are some of the most attractive features of Shriram Business Loan:

• Flexible Loan Options: Shriram Finance provides both secured and unsecured business loans starting from ₹1 Lakh*, offering flexibility to businesses of all sizes.

• Affordable Interest Rates: The company offers competitive interest rates, starting from 10%* p.a., making it an attractive option for businesses seeking affordable financing.

• Quick Approvals: Shriram Finance prioritises swift loan approvals, ensuring timely access to funds.

• Easy Online Process: The company offers a seamless online application and approval process, simplifying the loan application process.

• Customizable Loan Tenures: Shriram Finance offers flexible loan tenures ranging up to 48 months* for unsecured loans and 84 months* for secured loans, allowing businesses to tailor repayment schedules to their specific needs.

• Transparent EMI Calculator: The company provides a user-friendly EMI calculator to help businesses estimate their monthly repayments.

By offering these features and benefits, Shriram Finance empowers businesses to navigate the complexities of the interest rate environment and achieve their growth objectives.

Conclusion

While interest rates play a significant role in shaping the business landscape, businesses can mitigate their impact by partnering with reliable financial institutions like Shriram Finance. By offering competitive interest rates, flexible tenure options, and efficient processes, Shriram Finance is committed to supporting the growth and development of Indian businesses.

*Above mentioned loan amount, rates and tenure are as per the company’s Digital Business Loan Policy

About Shriram Finance

Shriram Finance is a leading diversified financial services company in India, offering a wide range of financial products and services across consumer, wholesale, and business finance segments. The company has a strong presence pan India with a network of 3,149 branches and an employee strength of 77,764 with an AUM of Rs. 2,430,40 crores. With a focus on financial inclusion and customer-centricity, Shriram Finance continues to empower individuals and businesses to achieve their financial goals.

Fharmacy Bazaar Digital, a leader in the e-Pharmacy and retail omni-channel sector, is taking bold steps to expand its footprint across India. Backed by over three decades of experience in the food and edible oil industry, the company is renowned for its commitment to quality, innovation, and customer satisfaction. With a strong focus on accessibility and affordability, Fharmacy Bazaar aims to transform the healthcare and FMCG landscape for millions of Indian households.

Fharmacy Bazaar Expands Its Digital Franchise Network

Fharmacy Bazaar currently operates 20 omni-channel retail stores in Eastern India and has announced ambitious plans to expand to 200 stores by the end of 2027. Additionally, the company is launching a Digital Franchisee Network, targeting 500 digital franchisees by 2030. This initiative not only aims to enhance the availability of affordable healthcare products but also provides lucrative opportunities for aspiring entrepreneurs. The company’s robust digital infrastructure, which includes its e-commerce platform www.pharmacybazar.in and mobile apps for Android and iOS, ensures seamless access to healthcare products for customers nationwide.

In the FMCG sector, Fharmacy Bazaar has established itself as a trusted name with its popular King’s Coin edible oil brand, which has become a household staple. Expanding its portfolio, the company now offers Soya Chunks and Instant Noodles, catering to the evolving needs of Indian consumers. This diversification demonstrates Fharmacy Bazaar’s commitment to providing high-quality, affordable products across multiple categories.

To support its growth and expansion plans, Fharmacy Bazaar’s board has approved an SME IPO, marking a significant milestone in the company’s journey. The IPO will help the company raise the necessary capital to fuel its ambitious vision of becoming a household name in both healthcare and FMCG sectors. With its innovative approach, strong legacy, and commitment to community empowerment, Fharmacy Bazaar is poised to set new benchmarks in the industry.

For more information, visit www.pharmacybazar.in.

Tourism Malaysia is set to launch its largest-ever Sales Mission to India, taking place from 3-7 February 2025. The mission will visit key cities Hyderabad, Bengaluru, and Kochi, featuring a delegation of 62 sellers from Malaysia. This mission aims to emphasize growing opportunities in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, as well as wedding tourism, alongside traditional leisure travel, with a special focus on India’s Southern region.

Datuk Manoharan Periasamy, Director General of Tourism Malaysia

In 2024, Malaysia welcomed a record one million tourists from India, with Southern India contributing more than 50% of Indian visitors. The strong connectivity between Southern India and Malaysia is underscored by 151 weekly flights and a total seat capacity of 26,686 seats per week. The recent introduction of new flights by Indigo Airlines to Penang and Langkawi from Chennai and Bengaluru further enhances travel options, making it easier for travellers from Hyderabad, Bangalore, and Kochi to explore Malaysia’s diverse offerings.

Datuk Manoharan Periasamy, Director General of Tourism Malaysia, who will lead the Sales Mission, commented, “India has been a key market for Malaysia for over 20 years, and with the upcoming Visit Malaysia Year 2026 (VMY2026), we are targeting 1.6 million Indian travellers. Southern India, with its robust flight connections, is crucial to our growth strategy. The 151 weekly flights and 26,686 seats per week reflect the high demand for travel between Malaysia and the Southern cities of India. This mission provides a valuable opportunity to highlight Malaysia’s appeal as a top destination for MICE, wedding tourism, and leisure travel, offering world-class infrastructure and beautiful destinations for all types of travellers.”

Malaysia’s MICE tourism offering includes state-of-the-art convention centres, luxury hotels, and professional services for hosting international conferences and business events. With its modern facilities and efficient connectivity, Malaysia is quickly becoming a leading choice for corporate incentives, meetings, and exhibitions.

Wedding tourism is also a rapidly growing sector, with Malaysia being increasingly chosen by Indian couples for their dream weddings. From beachside ceremonies to luxurious hotel receptions in stunning destinations, Malaysia offers a wide range of unforgettable wedding venues and world-class services to ensure a seamless and memorable celebration.

Mr. Hishamuddin Mustafa, recently appointed Director of Tourism Malaysia Chennai, said, “The Southern Indian cities of Hyderabad, Bengaluru, and Kochi are vital markets for us, and the ease of access through 84 weekly flights and 12,395 seats per week makes Malaysia an attractive destination for travellers seeking a diverse range of experiences. Whether it’s for MICE, a dream wedding, or a family vacation, Malaysia has something for everyone. With Visit Malaysia Year 2026 on the horizon, we are excited to showcase all the new destinations, cultural experiences, and world-class venues Malaysia has to offer.”

Tourism Malaysia’s Sales Mission will place a strong emphasis on Malaysia’s growing appeal as a destination for MICE, wedding tourism, and leisure travel. The mission aims to strengthen Malaysia’s presence in Hyderabad, Bengaluru, and Kochi, while promoting Malaysia as a leading hub for business and social events.

About Tourism Malaysia

Malaysia Tourism Promotion Board, also known as Tourism Malaysia, is an agency under the Ministry of Tourism, Arts & Culture Malaysia. It focuses on the specific task of promoting Malaysia as a preferred tourism destination. Since its inception, it has emerged as a major player in the international tourism scene.

The next Visit Malaysia Year, set to take place in 2026, will commemorate the sustainability of the nations tourism industry, which is also in line with the United Nations Sustainable Development Goals (UNSDG).

Furthermore, Tourism Malaysia actively endorses the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT), working towards the realisation of the IMT-GT Visiting Year 2023-2025, with the shared aim of promoting the region as a unified tourism destination.

For more information, visit Tourism Malaysia’s social media accounts on Facebook, Instagram, Twitter, YouTube, and TikTok.

The Indian International Textile Machinery Exhibitions Society (India ITME Society) yet another time is poised to take the textile industry by storm with the third edition of the Global Textile Technology & Engineering Show (GTTES 2025), a landmark event for the textile industry from the 21st to 23rd February 2025 at the Bombay Exhibition Centre, Goregaon (East), Mumbai, India. This event by the India ITME Society promises to be a global platform for the textile industry and engineering sector across the world showcasing the latest advancements, innovations, and opportunities with the aim to redefine global textile innovation.

Join us at GTTES for business opportunities, networking, and valuable insights

Talking about this event, Mr Ketan Sanghvi, Chairman and members of the steering committee of India International Textile Machinery Exhibitions said, “GTTES 2025 is a transformative event, aimed to be responsive to the changing needs of the global textile and machinery industry. Beyond yarn and fibers, it will cover state-of-the-art advancements in weaving, processing, finishing, garments, knitting, and technical textiles with eco-friendly practices and sustainable growth. The event will witness extensive participation with top exhibitors coming up with innovative solutions, product launches, and precious networking opportunities. It is to be a part of Indias textile ecosystem, which would help the nation achieve its vision of becoming a global leader in textile technology and engineering by 2047.”

Ever since 1980, the Indian ITME Society has organized some massive shows and events like India ITME, ITME Africa & Middle East, and GTTES trying to capture the Worlds attention to strengthen fabric preparation & processing by expanding Indias wings in knitting, and garmenting techniques, attracting international exhibitors, visitors, and investors.

GTTES 2025 marks an important journey for India’s Textile Industry, the third edition of GTTES is set to elevate the Indian Textile Ecosystem by bringing together 175 exhibitors across eight major categories. With special emphasis on advanced weaving, machinery, sustainable processing solutions, digital printing, and knitting technologies, are featuring 42 exhibitors in weaving and 38 in processing alone.

The Indian textile market is poised on a growth trajectory toward US$ 350 billion by 2030, while textile exports are expected to reach US$ 100 billion. GTTES will take center stage to drive technological innovation to help achieve this vision in 2025. The event will be a showstopper, as green technologies and sustainable solutions are going to be the biggest highlights of this event, making GTTES the hub for advanced textile technologies.

Leading suppliers of textile technologies from countries including Germany, Switzerland, and China shall ensure that GTTES 2025 is an outright world-level event. Over 27 countries such as Australia, Bangladesh, China, Germany, the US among others will also be represented during the event which is estimated to attract more than 25,000 professionals. As part of it, B2B meetings involving international delegations from Sri Lanka, Ghana, and Ethiopia shall aim at further cementing trade collaboration with India.

As the exhibition comes closer, GTTES 2025 is eager to showcase product launches from top industry players in the country Shuttleless Looms Pvt Ltd, Samruddhi Engineering, Om Corporation, Ingersoll-Rand (India) Limited, Sumaria Global Sales LLP, to name a few. There also will exclusive investment promotion program by the Chhattisgarh Government to highlight the opportunities in the state. It will not only be a trade exhibition but an energizer to fuel the Indian Textile Industry toward the world market.

The exhibition is set to start from 21st to 23rd February 2025, at Bombay Exhibition Centre in Mumbai, India, whether you are a manufacturer, distributor, investor, or industry professional, GTTES 2025 is the place to be.

Dont miss the chance to witness the groundbreaking innovations and valuable partnerships that will shape the future of the textile industry.

About GTTES

A remarkable exhibition showcasing the needs of the Textile Industry, an exclusive forum to explore the fascinating world of textiles through stunning displays, interactive installations, and thought-provoking artwork. It is an opportunity to immerse yourself in creativity and inspiration.

The exhibition promises to be an unforgettable journey and it is dedicated to magnifying the business and trade for Textile Machinery Manufacturers, through interaction with agents/dealers not only from India but also from across the Globe. It serves as a platform for companies to demonstrate their products, network with potential clients and partners, and stay updated on industry trends of Textile Business. The textile industry also accounts for 13% of industrial production, 2.3% of GDP, and 12% of foreign exchange inflows into the nation. India has a 4% share of the global trade in textile and apparel.

fischer‘s 360-degree services optimise processes along the supply chain, from the planning, construction and operation of buildings. Digital offers comprise BIM (Building Information Modelling) services and digital scanning tools for existing buildings, automated construction with the BauBot robot and products equipped with digital features connected to the IoT (Internet of Things) for efficient building monitoring. With in-house engineers, application engineers, field staff and 50 operating companies around the globe, fischer works in close proximity to customers and projects.

fischer 360 Degree Service

Mr. Mayank Kalra, Managing Director of fischer India, expressed his enthusiasm about the world-class services fischer provides in India. He stated, “We are proud to serve the Indian market with fischer’s innovative solutions, enhancing the construction landscape with cutting-edge technology and unparalleled service. Our commitment to excellence ensures that our customers receive the best support and expertise, helping them achieve their project goals efficiently and effectively.”

The world’s longest railway tunnel and Western Europe’s largest infrastructure project have one thing in common: fischer fixing solutions secure these record-breaking structures. At a height of 5,080 metres in the Himalayas or deep below the Alps – the company works with its customers to overcome any challenges.

fischer products and services are successfully used in construction projects around the globe. The range includes custom and project-specific product developments tailored to new build and renovation projects. The company’s list of reference projects is extensive and includes the new Brenner Base Tunnel between Innsbruck (Austria) and Franzensfeste (Italy), the Grand Paris Express, western Europe’s largest infrastructure project, the Burj Khalifa, the world’s tallest building, the Hong Kong-Zhuhai-Macau Bridge, the world’s longest sea crossing, the Acropolis in Athens and the David Lama Bivouac at an altitude of 5,080 metres in the Himalayas.

A strong partner for construction projects

fischer supports its clients through every phase of construction, with support ranging from consultation, product selection and design services, approval procedures and training to on-site briefing and installation support. Representatives and application engineers guarantee individual and professional support. 50 operating companies around the globe provide added customer proximity. The fixing expert has integrated its expertise in the design, dimensioning, and modelling of its product and system solutions into its own fischer Construction Engineering GmbH, with services including calculations, surveys, BIM modelling, CAD and fire protection services for optimised planning.

Connecting project participants in the digital world and in real life

The company’s BIM services comprise digital twins of relevant fischer products and predefined smart components as well as custom BIM engineering, Field to BIM and BIM to Field solutions and services. Innovative scanning processes for detailed documentation of the building stock offered by fischer in cooperation with the Hemminger Ingenieurbro GmbH & Co. KG provide extensive geometry and material data in addition to precise information about the condition of the fastening surface. This creates an up-to-date as-built model that can be compared with digital planning models to accurately analyse deviations, dimensional tolerances and the alignment of components. These scans offer a huge increase in efficiency, prevent waste, enable a high degree of prefabrication and form the basis for the use of robotics such as the fischer BauBot.

fischer’s BauBot enables fully automated drilling and cleaning and will soon be capable of marking drill holes and installing fixing solutions. The fischer BauBot increases the level of efficiency and reduces physical strain and the risk of injury on the construction site. fischer supports its customers with using the robot through a comprehensive range of services ranging from planning and implementation to documentation.

With fischer Construction Monitoring, fischer offers an innovative combination of intuitive monitoring applications and powerful, sensor-integrated fasteners. This sensor innovation allows the status of fastening points or buildings and plants to be monitored remotely via PC or smartphone, resulting in higher maintenance efficiency, added safety, reduced downtimes and a longer building service life.

With the fischer FiXperience design software, customers can plan relevant applications with fischer products in a targeted and cost-optimised manner. There is also an option to plan and design fastening points and base plates in a comprehensive and realistic manner with the spring model in combination with the Finite Element Method (FEM). Entering standard parameters and just a few clicks are sufficient to obtain the necessary verification in line with country-specific requirements. Last but not least, digital fischer offers include the DIY and PRO apps to select and use the products.

New training offers at the fischer Academy

With a diverse range of online and in-person training sessions provided by fischer, customers can always stay up to date with the latest spectrum of fischer products and applications and current regulations. Market launches and innovations are continuously integrated into the training programme. In 2025, fischer’s in-person seminars will focus on metal construction, plumbing, heating and cooling, wood construction, solar protection applications, railings, anchorages in sealing surfaces (according to Germany’s water resources act) and post-installed rebar connections. fischer also offers training sessions tailored to specialist and DIY trade.

Mr. Mayank Kalra, Managing Director of fischer India, concluded by emphasizing fischers dedication to supporting customers throughout the entire life cycle of their building projects. He remarked, “At fischer, we are committed to delivering comprehensive solutions that cater to every stage of construction. Our advanced technologies, coupled with our expertise and close customer proximity, ensure that we provide not just products but complete support systems. This approach enables us to address the evolving needs of the construction industry effectively, making fischer a trusted partner for both new builds and renovation projects. We look forward to continuing our journey in India, contributing to its dynamic infrastructure landscape with innovation and excellence.”

fischer Building Materials India Pvt. Ltd.

Ward No. 76, Unit 101, First Level, No. 3 (Old 4 Prestige Sigma, Vittal Mallya Rd, Richmond Town, Bengaluru, Karnataka 560001

Gold has always been a cornerstone of Indian culture, symbolising prosperity and financial security. Whether for weddings or investments, this precious metal holds a significant place in every Indian household. However, daily fluctuations in gold prices often raise questions among consumers. Understanding the factors behind these changes is crucial for effective investment planning or securing funds through a competitive Understanding these dynamics can help you plan your investments better or even secure funds through a gold loan at an attractive gold loan interest rate.

Bajaj Finserv Gold Loan

Factors Influencing Gold Prices in India
The daily gold price in India is influenced by several key factors:

1. Global Market Trends: Gold prices are heavily influenced by global economic factors, such as inflation, geopolitical tensions, and international financial stability. As a safe-haven asset, gold sees increased demand during times of economic uncertainty, affecting its price in India.

2. Currency Exchange Rates: Since gold is traded internationally in US dollars, any fluctuation in the value of the Indian rupee against the dollar impacts the cost of importing gold. A weaker rupee increases the price of gold in India, while a stronger rupee may lower it.

3. Local Demand and Supply: India’s high consumption of gold, especially during festivals, weddings, and religious ceremonies, significantly influences its daily price. Increased demand pushes prices higher, while a decrease in demand can lower prices.

4. Gold Mining and Production: The supply of gold from mining activities around the world also plays a role in price fluctuations. Any disruption in mining, such as natural disasters, political instability in gold-producing countries, or changes in production rates, can impact the price of gold globally and in India.

5. Government Policies: Changes in government policies, such as import duties, taxes, or regulations on gold trading, can influence its price in India. Higher import duties can raise gold prices, while reduced tariffs can lower costs for consumers.

Impact on Gold Loans
Daily gold price changes directly influence the loan amount one can secure by pledging gold. Lenders like Bajaj Finance consider the prevailing market rate to determine loan eligibility. Higher gold prices enable borrowers to access larger funds, while falling prices may reduce the loan amount. Bajaj Finance offers loan amount ranging from Rs. 5,000 to Rs. 2 crore at competitive interest rates and free insurance of gold.

What is a gold loan calculator

A gold loan calculator is an essential financial tool designed to help individuals determine the loan amount they can secure by pledging their gold as collateral. This calculator factors in key details, such as the weight and purity of the gold, along with the prevailing market price, to provide an accurate estimate of the potential loan amount.

The Bajaj Finserv Gold Loan Calculator simplifies this process with a few easy steps:

• Enter the gold weight: Users begin by inputting the weight of their gold in grams.

• Input gold purity: The next step involves specifying the purity of the gold, generally measured in karats.

• Provide the current market price: Users then enter the latest price of gold per gram.

• Loan calculation: Based on the provided inputs, the calculator instantly displays the maximum loan amount that can be availed.

This user-friendly tool provides borrowers with a clear understanding of their loan eligibility before applying, ensuring transparency and avoiding unexpected outcomes during the application process. By offering precise calculations, the gold loan calculator enables individuals to make informed financial decisions, enhancing their borrowing experience.

Bajaj Finserv Gold Loan: A Trusted Option
Bajaj Finance offers gold loans with customer-friendly features, including competitive interest rates, a part-release facility, zero prepayment fees, and transparent gold valuation. Borrowers also benefit from free insurance coverage for pledged gold and flexible repayment options suited to their financial needs.

To estimate your loan amount, customers can use the Bajaj Finserv Gold Loan Calculator. This tool simplifies the process by calculating the maximum loan amount based on gold weight, purity, and the current market price.

With Bajaj Finance, residents can make informed gold-related decisions and access instant funds seamlessly, ensuring financial security 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.

JK Cement Ltd., one of the leading building materials company and one of Indias leading manufacturer of grey cement, as well one of the largest producers of white cement globally, announced that it has entered into a joint venture agreement with Saifco Cements Pvt. Ltd., one of the leading cement brands in the Kashmir valley and having an enterprise valuation of INR 290 Crores. JK Cement will acquire 60% stake in Saifco Cements at a value of INR 174 Crore.

JK Cement Ltd. marks its presence in Jammu & Kashmir – enters into a Joint Venture Agreement with Saifco Cements Private Limited

This acquisition marks a strategic step in expanding JK Cement’s presence in one of the fastest growing regions of the country and furthering its footprint in Northern India.

Saifco Cements brings strong manufacturing capabilities and an impressive presence in Jammu & Kashmir market, which will scale up to meet the business plan objectives for JK Cement over the next few years. This move aligns with the government’s focus on boosting infrastructural growth in Jammu and Kashmir region, accelerating the development journey.

Expressing his delight, Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd. said, “Known for its rich culture and resilience, Jammu & Kashmir brings a special meaning to us, this acquisition is a significant step forward in accelerating JK Cement’s growth journey. We are committed to ensuring a seamless and successful integration of our businesses, bringing together our combined expertise and experience. The state of J&K not only holds strategic importance but also has immense potential for infrastructural development and partnering with Saifco Cements is a step towards solid cementing goal to manufacture the best for our customers and nation.”

Saifco’s integrated manufacturing unit at Khunmoh in Srinagar is spread across 54 acres of land and has a clinker capacity of 0.26MTPA and grinding capacity of 0.42MTPA. It has captive limestone reserves spread on an area of 144.25 hectares with a total minable reserve of 129MnT.

Sharing his views on the acquisition, Mr. Madhavkrishna Singhania, Joint MD and CEO, JK Cement Ltd. said, “With this acquisition, we are strategically positioned to build a robust presence in Jammu and Kashmir. The location and rich limestone reserves of Saifco offer a unique opportunity to significantly increase our overall capacity. Currently, per capita cement consumption in Kashmir stands at approximately 168 kilograms, nearly 55% of the national average, presenting a vast growth potential. Cement demand typically leads economic expansion by a factor of 1.2X in regions with significant infrastructural development opportunities, and Kashmir is undoubtedly one of these regions. This acquisition opens up limitless possibilities to drive growth and foster progress in the region.”

The government is committed to Jammu and Kashmirs progress and has undertaken multiple projects and initiatives for the states’ growth and infrastructural development. The acquisition will involve both the companies working together to increase the capacity of the cement production by leveraging the expanse of the limestone reserves in the next 5 years.

Mr. Manzoor Ahmad Guna, Chairman, Saifco Cements Pvt. Ltd. said, “We are very happy to join hands with JK Cement who are deeply committed towards nation’s growth, people, and communities. We are excited about the opportunity to work together to scale our operations and establish ourselves as the leading cement players in the Kashmir Valley. At Saifco, we take pride in our endeavour towards bringing the country’s leading business houses to the valley and contribute to its growth and development through such strategic alliances. We are confident that this partnership will empower us with the expertise and resources needed to drive continued success.”

The acquisition is subject to regulatory approvals and conditions.

About JK Cement Ltd.
JK Cement Ltd. is among India’s top manufacturers of Grey and White Cement and home-building solutions globally. For over five decades, JKCement has contributed to India’s infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975.

The Company’s Grey Cement capacity is 24.2 MTPA, making it a leading manufacturer with a strong presence across 15 states, especially in Rajasthan, Uttar Pradesh, and Madhya Pradesh. With a total White Cement and Wall Putty Capacity of 3.05 MTPA, JK White Cement is sold in 36 countries around the globe. The Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd.

In 2023, JKCement launched JKMaxx Paints, offering wall, wood, and metal finishes. In the same year, JKCement expanded into construction chemicals with JK Profix, a waterproofing line, and also entered the Ready-Mix Concrete segment with JK Super Concrete, serving Delhi NCR and set for nationwide growth.