Featured https://www.newsx.com Sat, 21 Oct 2023 06:09:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://www.newsx.com/wp-content/uploads/2022/10/cropped-favicon-32x32.png Featured https://www.newsx.com 32 32 Major Gen. Sudhakar Jee to Receive Mirza Raja Jai Singh I Award for Exceptional Services in the Armed Forces https://www.newsx.com/maj-gen-sudhakar-jee-recieve-raja-jai-singh-award/ Sat, 21 Oct 2023 06:01:55 +0000 https://www.newsx.com/?p=757612 In a gesture of recognition for exceptional contributions in the realm of national defense, Major Gen. Sudhakar Jee has been chosen as the recipient of the prestigious Mirza Raja Jai Singh I Award. This recognition comes from the renowned Maharaja Sawai Man Singh II Museum Trust, an esteemed institution that annually celebrates the legacy of Late Brig. His Highness Maharaja Sawai Bhawani Singh MVC of Jaipur through the Sawai Jaipur Awards.

Maharaja Sawai Man Singh II Museum Trust’s Board of Trustees and the Advisory Committee unanimously announced to honor Major Gen. Sudhakar Jee for his exceptional contributions to the nation’s defense. The Chairperson, Members of the Board of Trustees, and the Advisory Committee of the Maharaja Sawai Man Singh II Museum Trust expressed their profound admiration for Major Gen. Sudhakar Jee’s outstanding service and significant contributions within the Armed Forces.

Established in the year 2000, the Sawai Jaipur Awards have become a distinguished platform for acknowledging the exemplary work and dedication of individuals and organizations across various sectors. Major Gen. Sudhakar Jee’s commendable contributions in the Armed Forces have earned him this esteemed recognition, underscoring his remarkable service and commitment to the nation.

The Award presentation is scheduled to take place at the resplendent City Palace, Jaipur, on Sunday, 22nd October 2023, coinciding with the birth anniversary of the Late Brig. His Highness Maharaja Sawai Bhawani Singh MVC of Jaipur. The ceremony is anticipated to commence at 5:30 pm, exuding an aura of grandeur and reverence, befitting the exceptional achievements and the spirit of Late Brig. His Highness Maharaja Sawai Bhawani Singh MVC’s enduring legacy.

Also Read NewsX A-List: Rasika Dugal on Her Chicago South Asian Film Festival Journey and Buzz Around ‘Mirzapur 3
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
Hariharan and Gana Bala’s Soulful Rendition with Maris Vijay’s Magical Touch Create a Sensational 2023 World Cup Anthem https://www.newsx.com/hariharan-gana-bala-maris-vijays-world-cup-anthem/ Tue, 17 Oct 2023 03:00:25 +0000 https://www.newsx.com/?p=757307 In an extraordinary musical feat, the legendary playback singer Hariharan, in collaboration with renowned Music Producer Maris Vijay, has unveiled a masterpiece that promises to be the heartbeat of the 2023 Cricket World Cup. This Tamil anthem is more than just a song; it’s a fervent ode to the spirit of cricket and the unity it fosters.

The video of the 2023 Cricket World Cup Anthem was officially released on October 4, 2023, and it has already stormed its way into the hearts of millions, amassing over 400,000 views on YouTube in a short span. The anthem is now available for streaming on YouTube, where fans and cricket enthusiasts from around the world can revel in its harmonious brilliance.

At the heart of this melodious masterpiece is the legendary Hariharan, whose velvety vocals lend an unparalleled depth to the anthem. Speaking about his experience, Hariharan expressed, “this cricket anthem is not just a song; it’s an emotional journey. It’s a privilege to be part of a project that celebrates the spirit of cricket, and I hope it resonates with fans worldwide.”

Music Producer Maris Vijay, known for his exceptional talent, meticulously crafted the anthem’s composition at In The Mix Studios in Mumbai. He shared, “Working on ‘2023 Cricket World Cup Anthem’ was a creative voyage. We wanted to capture the essence of cricket in every note, and I believe we’ve achieved that.”

The video is not just about the captivating melody; its lyrics, penned by Kavi Kaarkko, exude passion for the game. The HipHop Rap section, brilliantly performed by Saint T.F.C, adds an urban and contemporary flair to the anthem. Saint T.F.C also contributed to the rap lyrics, infusing it with an energetic spirit that complements the anthem’s overall vibe.

But this anthem is not just a musical marvel; it’s also a testament to the power of collaboration. Music Project Curator Saibu V Simon, who also mixed and mastered the song, played a pivotal role in bringing this artistic ensemble together. His vision and dedication have resulted in a harmonious blend of talent that is evident in every note of the cricket anthem.

Beyond its musical brilliance, the video song also carries a message of unity, echoing the sentiments of cricket fans worldwide. Its release coincides with the much-anticipated 2023 Cricket World Cup, making it a rallying point for cricket enthusiasts and a symbol of the sport’s unifying spirit.

Furthermore, Maris Vijay’s artistic genius shaped the song in Chennai folk style with a dance beat, adding a unique flavor to the anthem that captures the essence of the region.

Notably, the anthem features two exceptional singers, Gana Bala and Hariharan, appearing together for the first time in a different combination. Gana Bala, known for his folk singing, brings his rustic charm to the song, while Hariharan, a melodious Ghazal singer, infuses it with his soulful rendition. This juxtaposition of styles and voices elevates the anthem to new heights.

The video song anthem is not just a song; it’s a celebration of cricket, a unifying anthem that transcends boundaries, and a testament to the power of music in bringing people together. With the magical touch of Maris Vijay, the soulful rendition by Hariharan, and the dynamic collaboration between Gana Bala and Hariharan, this anthem is poised to become the soundtrack of the 2023 Cricket World Cup, resonating in the hearts of fans around the globe.

Also Read: Arvind Otta’s remarkable work for people affected by mental health and for their human rights
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
NewsX Interviews Former Indian Ambassador To Israel and US, Navtej Sarna on Hamas-Israel Conflict https://www.newsx.com/newsx-navtej-sarna-fmr-india-ambassador-israel/ Wed, 11 Oct 2023 15:20:58 +0000 https://www.newsx.com/?p=756954 The world stands witness to yet another grim chapter in the ongoing Israel-Hamas conflict, a crisis that has once again captured global attention as violence escalates in the region. This conflict, often described as one of the most significant atrocities on Jews since the Holocaust, has sent shockwaves throughout the international community. In a special interview with NewsX, Ambassador Navtej Sarna, the former Indian Ambassador to the United States and Israel, offered valuable insights into this ongoing crisis, providing a nuanced perspective.

Ambassador Navtej Sarna, a seasoned diplomat with extensive experience, commenced the interview by expressing his profound shock at the alarming events unfolding in Israel. Israel, a nation renowned for its exceptional ability to secure itself, was caught off guard as Hamas militants breached the heavily fortified separation barrier between Israel and Gaza. This breach led to a substantial number of civilian casualties and a level of violence not witnessed in Israel for an extended period.

The former diplomat Navtej Sarna underscored the devastating impact of this conflict on the Israeli psyche. The extent of damage and the loss of civilian life on such a scale would leave indelible scars on the nation for generations to come. Sarna emphasized that the situation marked a severe blow to Israel’s reputation as a country excelling in intelligence gathering and security measures, raising questions about intelligence failures and operational lapses that allowed such a significant infiltration.

The interview also delved into the Israeli government’s response, where Prime Minister Benjamin Netanyahu declared that Israel was not merely launching a counteroffensive but was officially at war. Ambassador Navtej Sarna elucidated that Israel’s response was consistent with its reputation for reacting robustly to security threats, intending to deter any future incidents of a similar nature. The discussion turned towards the political ramifications within Israel, particularly the imperative for a comprehensive analysis of government policies, the influence of ultra-nationalist and ultra-extreme coalition partners, and the impact on Prime Minister Netanyahu’s political stature.

The geopolitical implications of the Israel-Hamas conflict extend far beyond the borders of the two adversaries. The international responses to this crisis have been mixed, with countries like the United States, the United Kingdom, and India voicing their support for Israel. Concurrently, the United Nations has called for caution, emphasizing the human cost of the conflict. Iran has expressed deep concern over the events unfolding in Gaza, and Hezbollah, a militant group based in Lebanon, launched rockets in solidarity with Hamas, thereby further escalating the situation.

Ambassador Sarna keenly recognized the potential for the conflict to spill over beyond the immediate confines of Israel and Gaza. He pointed out the presence of other militant groups, such as Hezbollah and the Palestinian Islamic Jihad, and the potential for unrest in the West Bank and Syria. Moreover, the connections of these groups with Iran make the situation even more volatile. In response to this volatility, the international community has been on high alert, with the United States deploying aircraft carriers to the East Mediterranean to deter further external interference in the conflict.

In a world that is already grappling with numerous conflicts, including the ongoing Ukraine crisis and rising tensions in various regions, the Israel-Hamas conflict represents an additional and complex challenge. The potential for escalation and the intricate web of geopolitical interests involved raise concerns about the conflict’s long-term implications and its impact on global security.

In conclusion, Ambassador Navtej Sarna shared his insights regarding the future trajectory of the conflict. He emphasized that the conflict’s duration would depend on Israel’s response and the reactions from Hamas supporters. While international pressure might eventually lead to negotiations, the immediate future seems to be one characterized by intense military action and retaliation.

The Israel-Hamas conflict, marked by its unprecedented violence and far-reaching geopolitical implications, underscores the need for immediate and concerted international efforts to restore peace to a region plagued by turmoil. It is a conflict that demands the full attention of global leaders as they work towards a resolution that averts further escalation and loss of life.

Also Read: CBI registers FCRA violation case against NewsClick
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
Adani Group to Enter the Copper Business from March 2024 with a strong focus on green energy infrastructure, aims for annual production of 10 lakh tons https://www.newsx.com/adani-group-to-enter-copper-business-from-march-2024/ Mon, 09 Oct 2023 12:14:03 +0000 https://www.newsx.com/?p=756801 In March 2024, Adani Group in Mundra, Gujarat, is launching a greenfield copper refinery project called Kutch Copper Limited. Kutch Copper aims to produce copper cathodes, copper rods, gold, silver, nickel, and selenium. Additionally, this integrated facility will also produce sulfuric acid. In India, domestic copper concentrate production is limited, necessitating the import of raw materials from Latin America. This is where Kutch Copper Limited’s integrated greenfield copper refinery plays a vital role. The refinery is located in Mundra Port, and the project’s energy requirements will be met by Adani Power or the grid, along with the provision of necessary water through desalination.

Copper ranks third in industrial metal usage after steel and aluminum. In India, per capita copper consumption is only 0.6 kilograms, compared to the global average of 3.2 kilograms. As India aims to achieve carbon neutrality by 2070, this initiative will boost the demand for copper in clean energy systems.

The Copper Complex’s valuable metal recovery plant will annually produce gold and silver. So far, Indian industries have faced uncertainties in copper supply, but the country’s own copper production plant can alleviate these concerns. Furthermore, the industry can maintain better control over its supply, reducing dependence on the sole domestic source, Hindalco.

India has witnessed a decline in its copper exports, but Kutch Copper can revitalize it with modern zero liquid discharge technologies and equipment, appealing to global markets.

Adani, being one of India’s largest cement producers, will use the by-products of the copper plant. It can replace silica and hematite in raw mixtures for ordinary Portland cement production. Adani Group is extensively involved in energy and infrastructure sectors, along with ambitious energy transition projects.

Mundra’s connectivity through the national highway and railway network makes it easily accessible to the national market. Additionally, there are several major acid plants in Gujarat’s coastal region.

Adani’s copper project will be initiated in two phases. The first phase with a capacity of 500 metric tonnes is set to commence in March 2024, followed by an expansion to 500 metric tonnes in the second phase.

Also Read: Wealthy Nivesh Hosts Exclusive Investors Meet-up with Mutual Fund Managers
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
Arvind Otta’s remarkable work for people affected by mental health and for their human rights https://www.newsx.com/arvind-otta-remarkable-mental-health-human-rights/ Mon, 09 Oct 2023 06:34:30 +0000 https://www.newsx.com/?p=756767 Mental well-being plays an important role in maintaining our health. Unfortunately, despite recent efforts to raise awareness, it is often ignored. Stigma regarding mental health is a challenge for us. Conditions such as depression and anxiety affect millions of individuals but the stigma and discrimination associated with these issues act as formidable barriers to receiving appropriate treatment.

Dr. Arvind Otta’s influential contributions have brought about a paradigm shift in the mental health landscape in India. Their unwavering dedication to dismantling the barriers that hinder individuals with health concerns, from accessing assistance and support is commendable. Through their campaign they have effectively demonstrated that mental well being is a component of ones general health and deserves equal rights and respect as any other aspect of human wellness.

Dr. Arvind Otta emphasized in a Mental Health program in Delhi, “violation of human rights of people suffering from severe mental health problems like schizophrenia and dissociative identity disorder is also a big problem, the main reason is ignorance, which can be reduced to a great extent by awareness. One of the factors contributing to violations is the use of physical restraints and seclusion. These measures are often employed to control and manage the behaviour of patients, but it can cause injury, trauma, and psychological distress. It is clear that the use of restraints and solitary confinement is contrary to the rights of cruel free, human and treatment with dignity”.

Lack of appropriate and effective treatment is a sign of human rights violation in mental health care. People with Psychological illness are often encounter to inferior care that worsen their conditions. It lead to a cycle of poor mental health, repeated hospitalization, and a lack of progress in recovery. The lack of access to appropriate and effective treatment is also violation of the rights to health and the rights to adequate standard of living. 

Arvind Otta is supervising an awareness project called UTSAAH to raise awareness about the issue and to work towards improving mental health care in India. In this project, he is conducted more than 200 public meetings to educate people about mental health and still moving. College Students are getting training through workshops, speeches to identify person with mental illness and to protect rights of people facing mental health conditions. He mentioned that patients suffering from mental health issues, especially the poor, are often subjected to abuse and neglect, leading to violation of their basic rights. 

The issue around the violation to basic human rights is a significant concern and is often overlooked and ignored upon in society today. Mental health patients are the most vulnerable individuals in society, that are repeatedly subjected to inhumane treatment, neglect and abuse, leaving a devastating impact on their mental wellbeing.  Being subjected to discrimination, stigma, and social exclusion, it prevents them from getting the right support and resources needed for recovery.

Feelings of hopelessness and helplessness in such instances can increase. As a result, issues around stigma and discrimination surrounding mental health conditions potentially violate the right to equality and non-discrimination. Dr Arvind Otta works with many advocacy groups, human rights organizations, government agencies that ensure mental health patients are treated fairly and with dignity.

Mental health care can be expensive and difficult to access, especially for people in low-income and rural communities. Dr Arvind Otta is working to raise awareness about this issue, and to advocate for policies that improve access to mental health care for everyone, regardless of income or location. 

Also Read: 2nd Edition of e4m Party Spokesperson’s 50: BJP’s Dr. Sudhanshu Trivedi Tops The List
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
Wealthy Nivesh Hosts Exclusive Investors Meet-up with Mutual Fund Managers https://www.newsx.com/wealthy-nivesh-hosts-exclusive-investors-meet-up/ https://www.newsx.com/wealthy-nivesh-hosts-exclusive-investors-meet-up/#respond Thu, 21 Sep 2023 09:21:07 +0000 https://www.newsx.com/?p=755376 Wealthy Nivesh, the distinguished boutique Wealth Management firm founded by alumni of prestigious institutions such as IIT Delhi, IIT Roorkee, and ISB, has successfully conducted exclusive meet-ups with prominent figures in the wealth management industry for its discerning clientele.

The first of these exclusive gatherings took place at the esteemed headquarters of Kotak Asset Management, located in the heart of the Bandra-Kurla Complex (BKC). The event featured Ms. Shibani Sircar Kurian, Senior Executive Vice President, Head Equity Research & Fund Manager at Kotak Asset Management. During the session, Ms. Sircar shared her insights on the market outlook, delving into three crucial aspects: Macro indicators, Corporate Earnings, and Foreign Institutional Investor (FII) Flows. Notably, she highlighted the positive trends in macroeconomic indicators, controlled inflation rates, and exceptional corporate earnings growth over the past three years.

India’s attractiveness as an investment destination was underscored by the influx of over 1 lakh crore rupees in FII investments throughout the calendar year. The market’s remarkable positive trajectory over the last six months was discussed, with valuations currently situated above the neutral zone.

Ms. Sircar emphasized the importance of adhering to established asset allocation strategies, as the market’s valuations are well-supported by solid fundamentals. While a degree of profit booking may lead to some consolidation in market levels, there is no substantial case for significant downside.

The second meetup was conducted at Wealthy Nivesh’s office with Mr. Amit Nigam, Senior Fund Manager at Invesco. Mr. Nigam shared his comprehensive insights into both global and domestic market outlooks. He highlighted India’s superior macroeconomic conditions compared to the rest of the world, attributing this strength, in part, to the weakening Chinese economy.

Despite trading above the neutral zone, the Indian market remains reasonably priced when juxtaposed with global counterparts. Regarding inflation, Mr. Nigam expressed limited concerns, attributing recent increases primarily to transient factors, particularly food prices. In terms of market themes, he pointed to value as the outperformer over the past year, with expectations for this trend to persist for the next two quarters before giving way to growth as the rate-cut cycle commences.

Ankit Garg, Managing Partner of Wealthy Nivesh, underscored the significance of these meet-ups as part of the firm’s ongoing commitment to empower clients with invaluable market knowledge. These events offer clients an invaluable opportunity to engage with industry veterans, allowing for discussions about portfolio realignment when market conditions warrant.

Mr. Garg stated, “Such events help clients to develop more confidence about their own portfolios and see if market conditions call for some realignment in their asset allocation. It is our constant endeavor to bring the best of expertise and technology to the wealth management of our UHNI clients.”

Wealthy Nivesh has also recently celebrated a significant milestone by achieving 150 crores worth of Assets Under Management (AUM). Industry luminaries such as Mr. Chintan Haria, Chief of Investment Strategy at ICICI Mutual Fund, and the Chief of Investment – Equity at Baroda BNP Paribas Mutual Fund, among several senior fund managers, graced the event as distinguished speakers.

About Wealthy Nivesh:

Wealthy Nivesh is a boutique Wealth Management firm founded and managed by alumni of prestigious institutions, including IIT Delhi, IIT Roorkee, and ISB. With a relentless commitment to delivering the best market knowledge and personalized financial solutions, Wealthy Nivesh caters to the unique needs of its Ultra High Net Worth Individual (UHNI) clients. The firm has recently achieved a significant milestone by managing 150 crores worth of Assets Under Management (AUM), a testament to its unwavering dedication to excellence in wealth management.

Also Read: Things to Note for To Get a Payment Processor like Pay.cc for High-risk Business
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
https://www.newsx.com/wealthy-nivesh-hosts-exclusive-investors-meet-up/feed/ 0
NewsX Exclusive: Meet The Sculptor Behind Grand Nataraja Idol That Adorns G20 Venue Bharat Mandapam https://www.newsx.com/meet-the-sculptor-behind-grand-nataraja-idol/ https://www.newsx.com/meet-the-sculptor-behind-grand-nataraja-idol/#respond Thu, 07 Sep 2023 05:04:55 +0000 https://www.newsx.com/?p=753864 As Delhi gears up for the forthcoming G20 summit, the city has undergone a remarkable transformation, not only in terms of infrastructure but also with the addition of cultural landmarks. Among these, the awe-inspiring Nataraja statue, located outside the Bharat Mandapam, has captured the attention of both locals and visitors.

The Nataraja statue, a masterpiece standing at an astounding 28 feet tall, is a testament to India’s rich cultural heritage and artistic prowess. Crafted with precision and dedication, this colossal sculpture was created by the Sitapati brothers from Tamil Nadu, renowned for their traditional bronze craftsmanship. He shared

Mr. Srikanta Stapathi, the chief sculptor behind this magnificent creation, hails from Swamimalai, a small town in Tamil Nadu. The Sitapati brothers, including Srikanta, are descendants of a lineage of traditional bronze icon makers that dates back centuries. Their forefathers played a pivotal role in the construction of the iconic Big Temple in Thanjavur, a testament to their family’s deep-rooted connection to sculpture and art.

Srikanta Stapathi, the renowned sculptor responsible for this awe-inspiring creation, spoke exclusively with NewsX, shedding light on the intricate craftsmanship that went into bringing this divine masterpiece to life.

Creation of the Nataraja Statue

Mr. Srikanta Stapathi, a master sculptor from Swamimalai, Tamil Nadu, spoke passionately about his family’s legacy as traditional bronze icon makers. He emphasized that their ancestors played a pivotal role in constructing the iconic Big Temple in Thanjavur, showcasing their deep-rooted connection to sculpture and art.

“Swamimalai is famous in Chola icon making, a traditional process. There are many bronze icon makers. The government of India selected our unit due to our experience, achievements, and the creation of our Chola style. This order is a godsend, and we are thankful for the opportunity.”

Swamimalai, their hometown, is known for its soft river sand, essential for creating clay molds for sculpting. The Nataraja statue, a monumental 19-ton masterpiece, is a blend of eight minerals, including gold, zinc, magnesium, silver, and others, known as Ashtadhatu. This unique alloy ensures the sculpture’s strength and longevity.

The logistics of transporting this colossal statue from Tamil Nadu to Delhi involved creating a 2,500-kilometer green corridor, reflecting India’s commitment to environmental responsibility.

The Cultural Significance

The Nataraja statue represents Lord Shiva in his cosmic dance form, embodying the elements of air, fire, land, and water, symbolizing the creation and destruction of the universe. This masterpiece serves as a visual representation of India’s rich cultural heritage and deep spiritual traditions.

“Nataraja represents the universe, symbolizing air, fire, land, water, and the universe itself. This sculpture is a profound representation of India’s culture and symbolism.”

Mr. Srikanta Stapathi explained the meticulous process behind the statue’s creation. Traditional Chola bronze casting techniques were employed, including the creation of a clay mold and wax model approved by renowned dancer Padma Subrahmanyam. The mold was then filled with Ashtadhatu during the casting process.

Challenges and Achievements

One of the most remarkable aspects of this project was the short timeline. The sculptor and his team completed the Nataraja statue within just six months.

“We prepared the Natraja within a very short period. We received the order only six months ago. This opportunity is our family’s pride.”

Mr. Srikanta Stapathi detailed the process of creating the statue, from the wax model’s approval to the intricate casting process involving six gigantic furnaces.

He emphasized the significance of Ashtadhatu, a strong and durable metal that is expected to endure for millennia. The creation of this monumental Nataraja statue stands as a testament to India’s cultural prowess and its commitment to showcasing its heritage on the global stage.

A Proud Moment for India

Mr. Srikanta Stapathi expressed his gratitude for the opportunity to contribute to this monumental project. He highlighted the honor it brings to his family and their tradition of bronze icon-making.

“This Natraja is a source of pride for our family and a testament to India’s cultural and ideological heritage. We thank God for this opportunity.”

The sculptor emphasized the importance of Ashtadhatu in creating an enduring masterpiece. This unique alloy, known for its strength and longevity, aligns with the timeless nature of Sanatana Dharma.

The Nataraja statue, now gracing the G20 summit venue, symbolizes India’s rich cultural legacy, its commitment to diplomacy, and its aspiration to promote global dialogue and understanding. This breathtaking artwork is set to inspire world leaders and visitors alike, leaving an indelible mark on the world stage.

The Nataraja statue at the G20 summit venue symbolizes India’s commitment to showcasing its cultural heritage on a global stage. It serves as a reminder of the country’s rich history, craftsmanship, and cultural diplomacy. The presence of this remarkable artwork will undoubtedly leave a lasting impression on the world leaders attending the summit.

As the G20 summit approaches, Delhi’s cultural additions, including the Nataraja statue, serve as a powerful testament to India’s vibrant heritage and its readiness to host this prestigious international event.

Watch the full telecast:

Also Read: Jaipur Cutlery Firm Provides Gold and Silver-Plated Tableware for G20 Summit in New Delhi
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
https://www.newsx.com/meet-the-sculptor-behind-grand-nataraja-idol/feed/ 0
“SMEs’ active involvement in India’s infrastructure realm holds immense significance” : Hemant Kanoria https://www.newsx.com/smes-active-involvement-in-indias-infrastructure/ https://www.newsx.com/smes-active-involvement-in-indias-infrastructure/#respond Mon, 04 Sep 2023 10:00:34 +0000 https://www.newsx.com/?p=753653 The Reserve Bank of India (RBI) in 2021 made a startling announcement that sent shockwaves through the financial landscape. The regulatory body announced the takeover of the boards of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL), both prominent entities within the Srei group. The reasons cited by the regulator were governance concerns and defaults to creditors. Hemant Kanoria, the embattled former Srei group chairman, who pioneered infrastructure financing in the country way back in 1989, last month challenged the insolvency order passed by the Kolkata bench of National Company Law Tribunal (NCLT) in October 2021 in National Company Law Appellate Tribunal (NCLAT). In an insightful conversation with NewsX, Kanoria delves into the intricate landscape of India’s infrastructure sector and the challenges and opportunities it presents and the critical void left by the exits of key NBFC players, such as Srei. Excerpts:

Q: In the infra space, companies are currently facing many challenges, both regulatory and financing. How are they able to steer through these issues?

A: Companies navigating the complex terrain of regulatory and financing challenges are exhibiting remarkable resilience and adaptability. Collaborative efforts with regulatory bodies involve proactive dialogue and strategic alignment to iron out hurdles. Diversifying funding sources beyond traditional avenues, including exploring bonds and foreign investments, helps in mitigating financial risks. Moreover, firms are streamlining project management through innovative technologies, enhancing operational efficiency, and forming consortia to pool resources for complex projects.

Q: SREI used to support several small and medium enterprises through structured finance instruments. With SREI currently not disbursing new loans, how has this impacted the infra sector and the economy at large?

A: The ripple effects of SREI’s non-disbursement of new loans are profound. Previously, SREI’s structured finance instruments supported small and medium enterprises, enabling them to participate in projects they might otherwise have been unable to. The vacuum created by this absence has stifled the growth of these enterprises, leading to delayed project execution, stunted expansion, and a cascading impact on the broader economy in terms of reduced job creation and economic activity.

Q: What opportunities do you see for small/medium and large infrastructure businesses in India?

A: The infrastructure sector in India offers a wealth of opportunities, catering to both small and large private sector players. However, small and medium enterprises (SMEs) require guidance and support, unlike larger enterprises that benefit from government backing due to their substantial investments. Despite this, SMEs’ active involvement in India’s infrastructure realm holds immense significance. To facilitate this, dedicated private financial institutions like SRei are essential. These institutions comprehend SMEs’ business nuances, financial capabilities, growth trajectories, and can thus tailor their offerings, such as loans, equipment financing, and refinancing, accordingly. India’s infrastructure landscape is ripe with diverse prospects. SMEs can leverage their agility to specialize in specific niches, effectively meeting distinct project demands and unaddressed requirements. Larger entities have the opportunity to leverage government initiatives, attract foreign investments, and leverage advanced technologies to lead sweeping infrastructural transformations.

Q: In the last 5 years, multiple NBFCs, including some specialized ones like SREI, have exited. What challenges does it pose for the sector, especially SME and unstructured players who don’t qualify for bank loans? A: It is unfortunate that some of the prominent and specialized NBFCs have been forced to shut shop because of internal or external reasons. Absence of NBFC’s lead to a reduction in credit availability, higher interest rates, liquidity crunch, and reduced innovation and specialized products. We are seeing that in the equipment finance and infra funding sector where a huge gap is being felt by small and medium players in the industry with the absence of SREI. The entire sector is reeling under severe pressure and regulatory and facing legal uncertainties. It is unfortunate that even after repaying complete loans, some of these companies are facing legal cases against them and facing harassment. Each such exit creates a large void and has a downward spiral effect within the sector for thousands of smaller and mid-sized players who rely on these NBFCs for understanding their business needs.

Also Read: Revolutionizing Indian Beer Scene: Young Entrepreneur Saurav Singh’s Vairagi Breweries & St. Andrews Beach Brewery Team Up to Satiate Indian Palates with Australian Brews
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
https://www.newsx.com/smes-active-involvement-in-indias-infrastructure/feed/ 0
Revolutionizing Indian Beer Scene: Young Entrepreneur Saurav Singh’s Vairagi Breweries & St. Andrews Beach Brewery Team Up to Satiate Indian Palates with Australian Brews https://www.newsx.com/revolutionizing-indian-beer-scene-saurav-singh/ https://www.newsx.com/revolutionizing-indian-beer-scene-saurav-singh/#respond Fri, 01 Sep 2023 10:02:05 +0000 https://www.newsx.com/?p=753297 Lucknow, India – Vairagi Breweries, an upcoming player in the Indian brewing industry with brewery in Barabanki (U.P.), has partnered with St. Andrews Beach Brewery, a renowned craft brewery from Australia, to bring the authentic taste of Australian beer to the Indian market. The collaboration aims to cater to the growing demand for high-quality crafted beers in India.

SABB Beer, a company co-owned by the celebrated Australian cricketer David Warner, has selected Vairagi Brewery after an extensive search among various Indian breweries. Impressed by their commitment to quality, SABB Beer finalized the partnership to further their mission of introducing their exceptional brews to the Indian consumers.

Vairagi Breweries, founded and led by Mr. Saurav Singh, has earned a stellar reputation for its state-of-the-art facilities and fully automated plant and machinery. With an impressive annual production capacity of eight crore cans, the brewery is equipped to meet the expectations of beer enthusiasts across India.The Australian craft brewery, St. Andrews Beach Brewery, known as SABB Beer, is acclaimed for its superior beers crafted in the picturesque Mornington Peninsula region. To tap into the Indian market, SABB Beer has established a new venture, VINO AND BREW, which will oversee the production, marketing, and distribution of their beers in India. The founders of VINO AND BREW, Mr. Rahul Kashyap and Mr, Arun Aditya Singla, expressed their excitement about introducing the genuine craft Australian beer to the Indian audience, emphasizing SABB Beer’s global reputation for quality and taste.

Mr. Saurav Singh, the Managing Director of Vairagi Breweries, played a pivotal role in securing this collaboration. His passion for brewing exceptional craft beers resonated with the SABB Beer team, as they recognized that true quality brews require dedication and enthusiasm.

In addition to his role at Vairagi Breweries, Saurav Singh also serves as the Managing Director of Vaidheeki Group, a prominent real estate company with operations in Kolkata and Ranchi. Established in 1996 by Mr. Sugriv Singh, the Chairman of the company, Vaidheeki Group initially focused on developing residential complexes and has since expanded its portfolio to include townships and commercial complexes. Mr. Saurav Singh, joined the group in 2016 and brings a youthful perspective and strives to uphold the company’s vision of innovation and excellence.

The Vaidheeki Group has emerged as one of the top real estate players in India’s eastern region, developing a wide range of residential societies, commercial complexes, office buildings, and townships. Under the leadership of Mr. Saurav Singh, the company aims to become the preferred choice for real estate services by prioritizing customer satisfaction through innovative approaches backed by technical expertise.

The collaboration between SABB Beer and Vairagi Breweries promises to open new avenues for growth and success. With the guidance and expertise of Managing Director Mr. Saurav Singh, Vairagi Breweries is poised to make a significant impact in Eastern India and across the nation. Beer enthusiasts can look forward to experiencing the taste of authentic Australian brews, as Vairagi Breweries strives to become a household name in India.

In addition to the collaboration with St. Andrews Beach Brewery, Vairagi Breweries has plans to introduce two brands to the Indian market – Vairagi and Honey Badgaer. These new brands aim to cater to the diverse preferences of Indian consumers and further expand the range of high-quality craft beers available in the country. With their state-of-the-art facilities and commitment to excellence, Vairagi Breweries is well-positioned to bring these exciting new brands to beer enthusiasts across India.

Also Read: Balancing Business and Home with Remarkable Tenacity, Shikha Shoken rules social media
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
https://www.newsx.com/revolutionizing-indian-beer-scene-saurav-singh/feed/ 0
Balancing Business and Home with Remarkable Tenacity, Shikha Shoken rules social media https://www.newsx.com/balancing-business-and-home-shikha-shoken/ https://www.newsx.com/balancing-business-and-home-shikha-shoken/#respond Wed, 23 Aug 2023 08:52:44 +0000 https://www.newsx.com/?p=752344 In a resounding testament to the power of determination and the unwavering pursuit of one’s dreams, Shikha Shoken’s story shines as an inspiring example of a woman excelling in entrepreneurship while expertly managing both her professional and household responsibilities.

Amid the era of social media, Shikha has amassed a considerable Instagram following, who are loyal to her ability to connect and inspire. Her future undertakings, especially within the entertainment domain, hold the promise to inspire audiences on larger scale and inspire women all over to stand up for themselves.

Shikha Shoken’s recent completion of an advanced makeup course at the prestigious Lakme Academy underscores her relentless pursuit of growth and excellence. This achievement showcases her dedication to diversifying her skill set and staying ahead of industry trends. The combination of her financial acumen, nutritional expertise, and artistic flair exemplifies her multifaceted approach to business.

One of the most remarkable aspects of Shikha’s journey is her adeptness at harmonizing her entrepreneurial pursuits with her responsibilities on the home front. Balancing the demands of a burgeoning business with household responsibilities is no small feat, yet Shikha manages to strike this balance with finesse. Her ability to juggle these diverse roles reflects her resilience and determination, making her a role model for aspiring entrepreneurs who aspire to have it all.

Her journey is an unfolding narrative that reflects her relentless pursuit of excellence. Armed with an MBA in Finance and a dietetics degree from the esteemed YWCA, her academic foundation formed the bedrock upon which she would build a dynamic career. Yet, her ambitions transcend the ordinary. Shikha’s recent completion of an advanced makeup course at the renowned Lakme Academy showcased her enduring commitment to growth, learning, and evolution.

With a heart set on making a resounding impact, Shikha Shoken envisions the launch of exclusive restaurants and salons spanning the landscapes of Canada and India. Her desire to offer unique experiences hints at her ability to blend innovation with tradition, catering to diverse audiences on a global scale.

Beyond hospitality, Shikha’s dreams stretch even farther. Her determination to invest in Bollywood films underscores her forward-looking perspective and her commitment to influencing not just the business world, but also the creative and cultural spheres. This audacious step is a testament to her courage and her recognition of the potential to shape narratives that resonate with millions.

Shikha Shoken’s journey stands as a reminder that a woman knows no bounds. Her work in diverse industries and managing multiple responsibilities inspire people globally.

Shikha’s journey becomes a symbol of empowerment as she advances. It demonstrates how passionately and tenaciously women can break down boundaries, question expectations, and redefine success. By emulating the spirit of “Nari Shakti,” Shikha Shoken’s original narrative lays the road for others to follow.

Also Read: Rajat Kumar Pruthi: Leading the International Security Organisation with a Vision for Safety and Growth
Catch all the Latest Business NewsBreaking News Events, and Latest News Updates on NewsX

]]>
https://www.newsx.com/balancing-business-and-home-shikha-shoken/feed/ 0