IndianOil's Q3 profit moves up to Rs 4,917 crore on rising sales - The Daily Guardian
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IndianOil’s Q3 profit moves up to Rs 4,917 crore on rising sales

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Mumbai (Maharashtra) [India], January 29 (ANI): Oil marketing firm IndianOil Corporation (IOC) said on Friday its net profit for December quarter more than doubled to Rs 4,917 crore from Rs 2,339 crore in the year-ago period.
This was largely as the value of inventory increased due to higher crude oil prices and margins jumped in the petrochemicals business.
IOC said revenue from operations rose to Rs 1.48 lakh crore in October to December 2020 from Rs 1.45 lakh crore in the same quarter of previous fiscal.
The other income moved up to Rs 1,269 crore in Q3 FY21 from Rs 557 crore in Q3 FY20. On the other hand, total expenses came down to Rs 1.4 lakh crore from Rs 1.42 lakh crore in the same period.
The average gross refining margin for April to December 2020 works out to USD 2.96 per barrel as compared to USD 3.34 per barrel in April to December 2019.
The core gross refining margin or the current price gross refining margin for April to December 2020 after offsetting inventory loss or gain comes to USD 1.45 per barrel.
The board of directors has declared an interim dividend of Rs 7.50 per equity share with a face value of Rs 10 each.
Chairman SM Vaidya said oil consumption in the country has seen a V-shaped recovery since Covid-19 related restrictions were lifted and fuel sales are expected to reach pre-Covid level in the last quarter of 2020-21. (ANI)

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Reem – Abhishek Nigam featuring music video Tum Bin directed by Shadab Siddiqui is out now

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Mumbai (Maharashtra) [India], March 3 (ANI/NewsVoir): When music inspires you to stay positive and in love whether you are together or part; love can pass the test of time and distance when faith soars high. Love makes you impatient at times and teaches you to be patient at other times; when in love distance is merely spaces between your fingers.
Perfect Time Pictures is all set to release a heart-touching and melodious track, ‘Tum Bin’; perfect blend of soul and spirit of romance and yearning, a classic combination of Indian Modern and Classical music. In the soulful voice of Palak Muchhal, featuring Abhishek Nigam and Reem. S Shaikh the song is sure to leave a mark in your hearts and mind with its video and music.
The lyrics of Tum Bin express how forlorn lovers feel, the gamut of emotions, longing to be together, and reliving every moment they had spent together. The music video has been directed by Shadab Siddiqui, music has been given by Nitesh Ramchadra, and lyrics beautifully Penned by Subhashini Swar Jalalabadi. Kumar Abhishek, the producer of the song feels he had the perfect pair to bring the vision and essence of the song to life.
“Music is for the soul, and Tum Bin is bound to leave you lingering and wanting to hear it on loop. Music is considered great only if you keep humming it even when you have stopped playing the song,” expresses producer Kumar Abhishek. Creative Produced By Lalji Wagh Choreographed by Chirag Zaveri and the casting & project has been designed and finalized by Noor Siddique.
YouTube Link: youtu.be/jxnJCFgmni8.
While directing the video, Shadab wanted to capture the essence of Indian Modern Classical music, the spirit behind the music and the lyrics.
“To justify the feel of the music, we chose to shoot the song with a Bengali backdrop where the newlyweds are separated as love for the nation is greater than any other love a person feels,” expressed Shadab.
The song ends with heart touching lines, Ek taraf mulk, ek taraf mohabbat hai, Ishq karne walon ko dono ki zarurat hai…… the voice over for these lines is Ajaz Khan and these lines have been written by Arafat Mehmood of Vaaste song fame.
Kumar Abhishek is also excited about his upcoming venture a feature film titled “Coat” starring Vivaan Shah, Sanjay Mishra and voice over by Naseeruddin Shah. There will also be a special cameo role played out by the ex CM of Bihar, Jitan Ram Majhi, the fulm will be releasing in a couple of months.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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NSE, SIDBI sign MoU for MSME sector, may evolve debt capital platform

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Mumbai (Maharashtra) [India], March 3 (ANI): National Stock Exchange (NSE) and Small Industries Development Bank of India (SIDBI) have signed a memorandum of understanding for cooperation in various ongoing micro, small and medium enterprise (MSME) related initiatives.
The pact will also explore feasibility of a debt capital platform for the MSMEs.
“Keeping in view the very large and diversified MSME sector in the country, there is a continuous need for various institutions to coordinate and cooperate with each other for the benefit of MSME sector,” said V Satya Venkata Rao, Deputy Managing Director of SIDBI.
“Both the institutions run several programmes for MSMEs and the cooperation will help increase the impact and reach of these programmes,” he said.
Vikram Limaye, Managing Director and CEO of NSE, said the exchange has always focused on innovation and use of technology for the benefit of Indian industry and investors.
“We are committed to the MSME sector. We are looking forward to working with SIDBI for exploring the feasibility of a debt capital platform for MSMEs. Based on the market feedback, we will plan the next steps ahead.” (ANI)

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Aluminium’s contribution in enhancing global competitiveness of Indian metal industry: Abhijit Pati

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Balco Nagar/Korba (Chattisgarh) [India], March 3 (ANI/PNN): Abhijit Pati, CEO and Director of Bharat Aluminium Company (BALCO), a global pioneer in the aluminium and power sector, represented the company at the 58th National Metallurgists’ Day (NMD) International Conference and 74th Annual Technical Meeting (ATM).
As a leader and stalwart in the aluminium industry, he led the panel discussion on ‘Enhancing global competitiveness of Indian metals industries’ during the event.
Organized by the Indian Institute of Technology Bombay along with the Indian Institute of Metals on the theme ‘Seventy-five and aspiring for global leadership in Metallurgy & Material Engineering’, the event was attended by eminent industry leaders. The conference was organised with the prime focus on recent developments in the field of non-ferrous & ferrous metallurgy and business sustainability.
”Aluminium industry is partnering with the government’s visionary initiatives of Make in India, Smart Cities, Power for All, indigenous space programs, domestic value addition, creating jobs and SMEs in making our country a self-reliant nation. Indian aluminium Industry has generated over 8 lakh jobs directly and in-directly and developed over 4000 SMEs in downstream sector. The clarion call of an Aatmanirbhar Bharat from our Honorable Prime Minister is seeing Indians working on a war footing to fulfill this vision. Aluminium industry has a strong output and employment multiplier effect on other key sectors. It has forward linkages with aviation, defense, auto, electricity, construction, packaging etc., and backward linkages with mining, refining, chemical industry, power, and machinery,” said Abhijit Pati, addressing the audience an panel experts CEO & Director.
Abhijit Pati also emphasized on BALCO’s continued efforts during the pandemic as aluminium is a metal of strategic importance to the country and a vital raw material for key industries like electrical distribution, transportation, aerospace, defense, building and construction, etc. As aluminium smelters needed to be operational 24*7, BALCO ensured the continuity of operations, keeping up this critical raw material for first use and end-use industry sectors.
Abhijit Pati stressed on how classification of aluminium industry as a ‘Core Industry’, as recommended by NITI Aayog and Mines Ministry, and formulation of National Aluminium Policy (NAP) as recommended by NITI Aayog can place aluminium industry on priority status. Also, pricing strategy for raw materials – coal and bauxite, need to be restructured to solve the prevalent issue of raw material security. He also suggested the much-needed reforms on guidelines for boosting domestic scrap recycling and achieving quality standards for scrap usage/imports and ways in which export competitiveness can be enhanced in India through Remission of Duties or Taxes on Export Products Scheme exclusively for aluminium industry.
India’s 4th largest coal reserves and 5th largest bauxite reserves in the world along with its unique geographical location makes India a strategic location to become a major global low-cost aluminium production hub. Aluminium is one of the key growth sectors for India and possess a huge potential to contribute as a wealth creator for nation’s economic growth.
Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is owned 49% by the Government of India and 51 per cent by Vedanta Limited. Vedanta Limited is the world’s 6th largest diversified natural resources company and the largest producer of aluminium in India. BALCO operates a 0.57 million tonne per annum aluminium smelter in Korba, Chhattisgarh. It is also a leader in value-added aluminium products that find critical applications in core industries. With its world-class smelter and power plants, the company fulfills its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

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SRM University-AP and GWFM organises National Human Resource Conclave-2021

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Visakhapatnam (Andhra Pradesh) [India], March 3 (ANI/NewsVoir): SRM University – AP organised the grandest National HR Conclave-2021, the grandest conglomerate of Human Resource experts, on February 27, 2021, in association with the Global Workforce Management Forum.
The theme of the conclave for this year was “Leading the Disruption – The HR Agenda for 2021”. Senior Human Resource Leaders from reputed companies such as KPMG, Airbus, IBM, Informatica, Standard Chartered Bank, Flipkart, Shriram Bio-seeds, NCC Ltd., NOKIA, Infosys BPO, Volvo Group, Reliance Jio, Western Digital, Visa, Accenture, Grant Thornton LLP, Xperi Corp, Western Digital, Kromozones Software Pvt. Ltd., Shriram Bio-seeds, SS&C Technologies delivered keynote speeches and participated in Panel Discussions in the daylong event.
The event was started with the opening remarks of Prof V S Rao, Vice-Chancellor, SRM University-AP. In his speech, Prof Rao explained briefly how disruptive innovation had benefitted several industries such as the telecom and communication industry, automobile industry and others so far. It is high time to explore the opportunities in the Human Resource sector.
“COVID-19 has provided us with many opportunities. Post-COVID era is the era of changed perspective and innovation, enabling the commoners to reap the benefits of technology,” said Prof Rao.
He also stated the University encourages students to make use of the opportunities such as undergrad research, semester abroad program, student run-tech labs, etc to enhance their creative and innovative thinking.
Advancing the proceedings of the event, the founders of GWFM gave a brief understanding of their organisational structure and operations. Global Workforce Management Forum, founded in June 2014 by Dr. Shiva Kumar and Partho Ganguly, is the world’s first WFM Forum. It is a non-profit professional organisation comprising of a group of Senior WFM & HR professionals committed to promoting the WFM movement on the global platform. Mr. Ganguly set the tone for the conclave by addressing the present stagnation in Human Resource and opportunities to move forward.
In the first Keynote speech of the conclave Unmesh Pawar, Partner – People Performance & Culture – KPMG India, explained how workforce reshaping is going to be a key element as we move forward. COVID-19 has changed the HR perspective globally. Pawar took some realistic examples from whatever is happening worldwide and how it is creating shifts in overall organisational behaviour and operations.
The event progressed with a few panel discussions. Commenting on the importance of Digital, Data and Disruptions, the panel agreed that data analytics is crucial in today’s world, where we are standing on the verge of digital transformation. Predictive data analysis is being used to make business decisions. It is very important to have a sharp and clear objective to move forward in this field with countless opportunities.
Advancing into the event, Suraj Chetri, Director HR Airbus India illuminated the audience with his strategic keynote on The Future of HR.
“Start-ups are the future. Larger conglomerates will break into smaller companies with the abolishment of hierarchy. A lot of focus will be in healthcare and safety with special emphasis on mental health,” said Chetri.
According to him, a smart workplace is going a play a major role in the future. Technology will support employees to carry out several activities in a seamless way. It is going to impact the workplace culture and office management. Machine learning, data-driven automation, physical as well as virtual connectivity and Team collaborations are going to sustain in the future.
In another discussion on HR strategies to build flexibility, adaptability, and agility, the panel agreed on that every crisis goes through a time of recovery. This is a recovery phase. What is needed is adaptability as a skill. People are now looking for adaptability as the most important tool and hiring criteria. There are many tools and technologies to aid the recruitment process. But that is for ease of administration. More important is how one positions himself? Students should be focused from the beginning to create their own brand, deciding their selling points and USPs.
While speaking on the Future-proofing workforce 2020: Upskilling employees for future-oriented career trajectories, Augustus Azariah, Human Resource Leader IBM mentioned that organisations used to build skills, capabilities, competencies, risk appetite among the employees. These skills are now being used to stay afloat in the storm called COVID-19. Analytics says storm riders are highly adaptable, willing to take risks with the resilience to get teams together.
“If we walk through a journey of how HR has evolved over the years, we will find that it used to be process-driven, but now it is experiential and result- oriented. Conversion of data into actionable insights, design thinking, awareness of market trends, proactive learning and upskilling are the tools that employees of the future will need. To be an essential part of the future, one has to be digitally aware with a work experience consistent with his customers’ experience along with proper sensitisation in the workplace with the changed demographics,” advised Azariah.
Over 25 Human Resource experts joined the conclave to share their view and usher in the way forward for the students. the conclave provided food for thought for the fellow recruiters as well as the students were highly motivated to listen to the experts speaking on real time problems with a solution. Vivekanandan, Assistant Director-CR&CS, SRM University-AP, cordially thanked all the speakers, panel members, and the GWFM for their efforts to make the conclave a grand success.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Unacademy’s new film draws inspiration from the life of Master Blaster Sachin Tendulkar

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Bengaluru (Karnataka) [India], March 3 (ANI/BusinessWire India): Unacademy has released a new film titled ‘The Greatest Lesson,’ to mark its association with cricket legend Sachin Tendulkar and celebrate the relentless human spirit in its pursuit of excellence.
The Master Blaster has been roped in to serve as a Brand Ambassador and a Mentor for Unacademy learners.
The film celebrates the ‘never give up’ spirit by commemorating some of the most challenging times of the veteran cricketer’s career and his subsequent triumphs. Being an Education platform, Unacademy drives a message with the film that failures must be looked upon as stepping stones to success.
The film starts with the audience cheering on the Master Blaster as he walks out onto the field and former pace bowler Shoaib Akhtar gets ready to bowl. A few frames later, Akhtar is seen hurtling down the pitch in his trademark style as Sachin takes guard. The film then cuts to Sachin’s ODI debut in 1989, when he was dismissed on a duck on the second ball he faced.
From there on, the film depicts some of Sachin’s most notable dismissals including the ‘shoulder before wicket’ incident against Australia at Adelaide in 1999, and former umpire Steve Bucknor’s erroneous dismissal of the cricketer at Gabba in 2003. The disappointment of the fans and the consternation on Sachin’s face is palpable as the film progresses till it reaches a crescendo and the screen changes to read, ‘Failure. The fuel of champions.’
Thereon, the narrative changes as the film journeys through some of Sachin’s most momentous comebacks that made him one of the greatest cricketers in the history of the game, earning him the sobriquet, ‘God of Cricket.’
Watch the film here: https://www.youtube.com/watch?v=7nYLfqkI8ZA
Unacademy recently announced a strategic partnership with cricket legend Sachin Tendulkar. As part of the deal, Sachin will share his life lessons, mentoring Unacademy learners through a series of live interactive classes, which will be available free of cost. Unacademy is also working on a deeper content-led integration with Sachin in the sports learning category. The details of this integration will be unveiled in the next few months.
The film shattered viewership records within hours of its release, garnering over 2 million views across social media & digital platforms and was trending number 1 on Twitter. This is the second major viral campaign for the EdTech major, whose IPL film titled ‘Cracking the Game’, won several awards and received an equally stellar response last November.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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J L Stream launches a ‘Made in India’ Social LIVE streaming app

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Mumbai (Maharashtra) [India], March 3 (ANI/PRNewswire): With over 680 million active internet users and 450 million social network users, India has one of the lowest-priced data in the world. This second largest online market is fast growing to be one of the largest consumers of content globally.
J L Stream is promoted by Bollywood actor Shilpa Shetty Kundra, entrepreneur Raj Kundra along with an advisory board of industry visionaries like Raj Nayak – former chief of Viacom, Bunty Bahl – CEO at ITW Playworx Media & Entertainment & Nandan Jha – former COO Ease My Trip. J L stands for Jaldi Live – a social LIVE streaming mobile app that gives users an opportunity to stream their talent, get discovered, chat and earn.
The app has a unique feature called K.I.S.S. that stands for ‘Keep It Simple Streamer’ & gives an option to the users to share a short video of their talent along with their introduction to help get discovered faster. On J L Stream, users can stream anywhere any time, showcase their talents, give shout-outs to their audience & earn money with instant cash out. The app will be available worldwide barring China. Users will be able to purchase coins in-app and pay streamers via virtual gifts during the live sessions. Streamers can withdraw their earnings instantly via multiple digital payment options.
“In the last 5 years, India has seen a substantial amount of growth in the way we consume data and watch content. Jaldi Live is a major part of the new internet culture giving every person with any talent a platform to become a star. We have crossed 1 Lakh installs already. I am proud to say the app is made in India and will be available worldwide,” said Raj Kundra, the CEO, delighted about the upcoming launch.
For more information or to download the app go to www.JLStream.com.
This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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